I am broke

[madison avenue]

Originally Posted by celery

"Live within your means" is a concept that people can't seem to grasp these days.

you said it, but what is one to do when the wants outweigh the means?

 

[Tck13]

Originally Posted by madison avenue

you said it, but what is one to do when the wants outweigh the means?


Make more money.

 

[JoeWoah]

I have a friend with over $100K in debt and he doesn't even own a house. He thinks there is nothing wrong with having a new Lotus, an M5, 2 Ducati's, an ATV, shops only at NM and takes trips whenever/where ever while earning only 65K a year.

As for my job, it's not as bad as a sweatshop, he's just a flake and on the road a lot. He needs to worry less about what TV show he's going to be on, and remember to pay his staff.

 

[kwilkinson]

Originally Posted by JoeWoah

I have a friend with over $100K in debt and he doesn't even own a house. He thinks there is nothing wrong with having a new Lotus, an M5, 2 Ducati's, an ATV, shops only at NM and takes trips whenever/where ever while earning only 65K a year.

As for my job, it's not as bad as a sweatshop, he's just a flake and on the road a lot. He needs to worry less about what TV show he's going to be on, and remember to pay his staff.

Jesus.... I understand credit card companies will give ANYONE credit b/c it will eventually catch up with them.... but how did this kid get 100K worth of credit? That's insane.


He doesn't have a house now and I doubt the kid ever will. Hope he likes trailer parks.

 

[imageWIS]

Originally Posted by kwilkinson

Jesus.... I understand credit card companies will give ANYONE credit b/c it will eventually catch up with them.... but how did this kid get 100K worth of credit? That's insane.

The banks actually love customers like him, they end up making so much money, it should be a crime. We are talking about interest on top of interest, on top of interest....and with rising prices he will be even more screwed.

Jon.

 

[madison avenue]

Originally Posted by JoeWoah

I have a friend with over $100K in debt and he doesn't even own a house. He thinks there is nothing wrong with having a new Lotus, an M5, 2 Ducati's, an ATV, shops only at NM and takes trips whenever/where ever while earning only 65K a year.

As for my job, it's not as bad as a sweatshop, he's just a flake and on the road a lot. He needs to worry less about what TV show he's going to be on, and remember to pay his staff.

**** how did he manage to get all of that credit making 65k a year and without owning a house. Tell me more so I can do the same hehe

 

[Manny Calavera]

Originally Posted by madison avenue

**** how did he manage to get all of that credit making 65k a year and without owning a house. Tell me more so I can do the same hehe

I'm wondering the same thing. I've paid off a car and have never been late on a credit card payment yet I can't even get a credit limit increase on a $1,000 card.

 

[LabelKing]

Originally Posted by madison avenue

**** how did he manage to get all of that credit making 65k a year and without owning a house. Tell me more so I can do the same hehe
His first credit card was probably a co-signed one with his parents.

 

[West24]

I applied for a student visa, checking off 500 dollar max, and stated i had no income. Then i get my visa and see it is a 5,000 dollar limit. strange.

 

[Stazy]

Originally Posted by SoCal2NYC

...I think we may be able to work out some sort of "arrangement" my young friend...
If you were a beautiful 20 year old girl with nice boobs I`d be willing to talk...

 

[LabelKing]

Think of the Lanvin.

 

[Quirk]

Originally Posted by madison avenue

**** how did he manage to get all of that credit making 65k a year and without owning a house. Tell me more so I can do the same hehe
How on earth can you even make the payments on that on 65K a year? He's got to be paying 25%+ interest on some of those things. Three Words: Debtors Anonymous. Yesterday.

 

[LabelKing]

America is a land of credit-card debt.

 

[Piobaire]

Originally Posted by JoeWoah

I have a friend with over $100K in debt and he doesn't even own a house. He thinks there is nothing wrong with having a new Lotus, an M5, 2 Ducati's, an ATV, shops only at NM and takes trips whenever/where ever while earning only 65K a year.

This could be a writer's embellishment. I mean, an M5 is about 80k. Unless parents are helping, there is the end of what the kid can finance. I have never heard of someone being financed with unsecured credit for 180% of their income.

 

[kwilkinson]

Originally Posted by Piobaire

This could be a writer's embellishment. I mean, an M5 is about 80k. Unless parents are helping, there is the end of what the kid can finance. I have never heard of someone being financed with unsecured credit for 180% of their income.

I have a credit card for $500.

Given my salary of $300/yr (practically) I'm pretty close.