Red or Black? - Page 3

elSicomoro · 01-08-2005, 12:06 PM

All I have now is my student loan, which was originally $8250--I'm almost halfway through paying it off (6 years down, 6 to go), but I might try to pay it off sooner. Rho owes 4 or 5 more payments to CCCS and she's debt-free.

Beestie · 01-08-2005, 03:10 PM

Quote:

Originally Posted by lookout123

Beestie, i meant that i'll be in the red for the short term, as i chose to drain savings to pay for it.

But your net worth doesn't change when you convert assets from one type (cash) to another (real estate). So, the transaction is neutral to your red/black status - it hasn't changed one penny. Not trying to split hairs just making the distinction clear.

View Poll Results: How much debt do you hold?
$20k+	2	6.45%
$10k-20k	1	3.23%
$6k-10k	5	16.13%
$2k-5k	3	9.68%
$0-1k	3	9.68%
I break even each month	4	12.90%
I'm in the black each month	13	41.94%
Voters: 31. You may not vote on this poll

01-08-2005, 12:06 PM	#31
elSicomoro Person who doesn't update the user title Join Date: Jan 2001 Posts: 12,486	All I have now is my student loan, which was originally $8250--I'm almost halfway through paying it off (6 years down, 6 to go), but I might try to pay it off sooner. Rho owes 4 or 5 more payments to CCCS and she's debt-free.

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