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How's Your Financial Position?
#1

How's Your Financial Position?

I'm wondering if you're either:

A) in debt, having trouble keeping cash in hand
B) constantly breaking even, debt and cash-wise
C) debt free, even got some extra coin in the bank.

Those may be a bit rigid, so feel free to elaborate on where you fall into.
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#2

How's Your Financial Position?

This isn't always the best question. I'm in a mountain of debt, but that's a good thing because it's all "good debt". The more debt I'm in, the more money I'm making!
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#3

How's Your Financial Position?

I live pretty much hand to mouth for the most part. Yes i have savings, but i will never touch that baring some massive emergency. Thats the problem with a start up company, there just isnt too much money for your own salary in the startup time. But i have a good life, buy the things i want after a few weeks or months of savings, and have a good time almost every weekend, and sometimes in the week. Im happy. More money would prbly just make me have more fun, and throw my work out of ballance.
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#4

How's Your Financial Position?

Quote: (05-12-2010 01:27 AM)gringoed Wrote:  

This isn't always the best question. I'm in a mountain of debt, but that's a good thing because it's all "good debt". The more debt I'm in, the more money I'm making!

I'm in the same boat as you. It's good debt that is making me money.
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#5

How's Your Financial Position?

Can you give some context as to why your asking? It doesn't seem as if your question serves a purpose, or else the purpose isn't obvious.

Also, how do you guys make money by going into more debt?
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#6

How's Your Financial Position?

Quote: (05-12-2010 07:11 PM)hydrogonian Wrote:  

Can you give some context as to why your asking? It doesn't seem as if your question serves a purpose, or else the purpose isn't obvious.

Also, how do you guys make money by going into more debt?

All of my debt is mortgages for income producing rental properties.
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#7

How's Your Financial Position?

I'm debt free if you don't count student loans, but I have more than enough money to pay it off (interest rate is like 5% or so). Just like having the cash flow.
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#8

How's Your Financial Position?

I have a decent savings account , but I have no direction in life right now. Need to get my trade ticket in something , so i can travel anytime I want.
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#9

How's Your Financial Position?

Debt free. Own a 3 bedroom apartment with no debt. Own a car with no debt.

But managed to let my monthly expenses get a bit too high so I plan to start laying the axe and start to live beneath my means.
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