Re: How much in debt are you?
Debt: zero.
-(one credit card with a $1,000 limit, nothing on it, just went from an unsecured card in October.)
-(2000 Saturn bought for cash in 6/03).
I have a real thing about debt, had bad credit die to medical, legal, and consumer debts, about $5k, in early nineties. $5k seems small now, but at the time it was crushing, really crushing. Paying evertyhing off on a small income (min wage part time, then $6-7 "full time"-37.5 hours) was hard but it felt so good. Debt scares me so much now.
However, I have no real assets. No house/mortgage. Part is being in California-the prices are just crazy. Part is fear. Fear of the debt, even though a mortgage can be good debt, and fear of the process. I have a County Employee pension, and a deferred comp plan, and a baby IRA, but really don't know much about any of them. Fear, again. I have too much cash (I think) in a regular low interest savings.
I though no debt would be the final goal, but I am ready to go the the next stage and it's almost comical how long it's been since I've had no debt that I haven't taken more pro-active steps regarding retirement, investment, and purchasing a house.
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