We weren't always even middle class! :wink:
Even with medical bills, student loans, etc., we're doing pretty well in comparison to our peers (friends we grew up with who grew up in like circumstances). Upward mobility is the hard part, though.
Net Worth private poll
- Thread starter dmclone
- Start date
We weren't always even middle class! :wink:
Even with medical bills, student loans, etc., we're doing pretty well in comparison to our peers (friends we grew up with who grew up in like circumstances). Upward mobility is the hard part, though.
Well, you know, Druish princesses like money and power, and working to attain that...
"Gee, I can't wait till I get to hike school"-elementary schooler
"Don't you say that. Don't you ever say that. Stay here. Stay here as long as you can. For the love of God, cherish it. You have to cherish it."-Billy
This is how I feel now, if it wasnt for student loans I might be in the positive as a 24 year old with a kid on the way..uh oh. I look back at college and wish I had worked more and borrowed less, almost $60k in student loans isnt fun, but hey only 19 years left to pay on them.:err:
"Don't you say that. Don't you ever say that. Stay here. Stay here as long as you can. For the love of God, cherish it. You have to cherish it."-Billy
This is how I feel now, if it wasnt for student loans I might be in the positive as a 24 year old with a kid on the way..uh oh. I look back at college and wish I had worked more and borrowed less, almost $60k in student loans isnt fun, but hey only 19 years left to pay on them.:err:
I hear that! And two crappy jobs outside of college didnt pay well enough to get me going either. So add a house, two kids, a wife, and two cars, Ill be in deep for a bit. I did however invest early so I do have some financial backup in case the poo hits the fan.
I was lucky and had people willing to help me out in college, so I only have about $2,000 of student loans. However, I also got married, went on a honeymoon, had a child, bought 2 cars in college and then a house soon after...so here we are. We're making headway on debt, but we could do better, I figure I'm only 23 so I still have some time before I should start worrying to much.
19 years left to pay on student loans? Holy crap, you know I guess so. I know a few people here at the office that are 35 and are talking about trying to get their loans paid off in the next few years. I guess I never thought about how much of a hole that puts you in. Time to sock more into 529's for the kids I guess.
Try having 2 kids and then get divorced. You can't write off child support. 
Plus you pay taxes on the income before it goes out the door...
That being said, if you are young, get out of debt as fast as you can and make sacrifices to do so. When you are 40, or so, you will be SO happy you did because all your money will be working for you instead of working for somebody else.
Young people are not instructed on how to manage their money. You usually learn by mistakes, and no, divorce wasn't a mistake. Marriage was.
Plus you pay taxes on the income before it goes out the door...That being said, if you are young, get out of debt as fast as you can and make sacrifices to do so. When you are 40, or so, you will be SO happy you did because all your money will be working for you instead of working for somebody else.
Young people are not instructed on how to manage their money. You usually learn by mistakes, and no, divorce wasn't a mistake. Marriage was.
This topic is interesting to me. In recent years, I've been tracking this a lot more. We've had some huge expenditures over the last 18 to 24 months, along with building a house in late 2003. I've tried to off-set those by entering into some investment opportunities that have come along, but it's too early in those to be seeing any monetary gain.
Clones_jer, I'd like to be able to track these Net Worth items/details better. Is there any spreadsheets/tools/templates/etc. that you use or would recommend?
Interesting question. I have avoided bringing up work topics on here, but managing net worth is what I do for a living. Every day I know mine and my clients know theirs.
I've never done this anonymously over the internet before, but if anyone is interested, PM me I guess.
http://www.livingbalancesheet.net
I've never done this anonymously over the internet before, but if anyone is interested, PM me I guess.
http://www.livingbalancesheet.net
If this isn't a "big nut" contest, then what is it? Why are we talking and sharing about such information? This seems like a waste of time to me....
Oh yeah, we're on the internet.
Those that have posted information about their economic situation may be playing this game but the poll itself is private.
