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 Vannili
Joined: 7/8/2008
Msg: 113
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too much in debt?Page 3 of 9    (1, 2, 3, 4, 5, 6, 7, 8, 9)
Anyone that has no debt at all must really have an easy ass life living in a tent or a trailer.



It's a house .And yeah,being debt-free is doable. Live below your means. If you don't have the money to pay for something, then don't buy it.


Yes ,that is true... If I have no money I don't buy things for a whim, or gamble for past time, Nevada is a gambling State, all of my friends that is their trip.
,but I can afford to pay emergency hidden costs like heater broken down, $4000.00 car to fix $375.00 ,ect. and I pay it all in cash.. I do not believe on "building your credits" but I believe on" saving for the winter days" And "managing "with your MONEY WISELY.
I own my home 4 bedrooms, I am a debt-free on credit cards,( I have no credit cards not even one) just my regular necessity bills like electric,water,ect..
I don't live an easy ass in a tent or a trailer, but I live an affluent life, if I can afford to hand a 20 dollar bill to a destitute (beggar),I am impressed of myself ...

I will not fall for a man who has nothing but a lot of debts.
 Vannili
Joined: 7/8/2008
Msg: 117
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too much in debt?
Posted: 9/1/2011 10:33:20 AM
My late husband left me with lots of debt ,so I came from ashes. His quote > in this country USA you have to build your credits I paid for his debt,he spend (like he hates money) on stupid things, when he passed away. I work 2 jobs plus sideline on alteration sewing and I live frugally..
Now, even in this economy,I am not doing bad... I even support myself 3 months paying bills, on my savings, after my unemployment exhausted... The moral of my story is don't live beyond your means in other words don't spend money that you don't have to impress others ... then slave paying for it.

I read the book The Riches Man In Babylon and that did help me to understand the power of money... To live a life in a simple comfortable style and can help others who are in need to me that is LIVING!
 Vannili
Joined: 7/8/2008
Msg: 123
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too much in debt?
Posted: 9/2/2011 10:34:34 AM
Professorjjd:

You are a free spirit, You own the whole world with your visuality.. In fact I would say you are very rich spiritualy you give nothing ,you own nothing, you are floating inyour life time.

I would not want to be in your shoes,for I want to use my God given talents to explore the world and be useful to earn my living and acumulate materials and be part of civilization inventions. Yes ,it is true that material things are illusions, that beautiful house /building/castle can be burned down with no trace at all. And that dresses,jewelries ,shoes ,travels, cars ,television,ect. will be passse, but I live my life fully experiencing these things... What matter is I exert my energies in this world.

I believe what the bible quote> God Giveth And God Taketh..
 professorjjd
Joined: 3/26/2009
Msg: 124
too much in debt?
Posted: 9/2/2011 4:32:15 PM
Yes, I suppose I could be classified as such a "free spirit".. I learned the harshest lessons early in life! My mother inherited the family house from my grandmother, and its been in my family since the late 1800's, just a few years after she got it and we moved in, we lost it due to property taxes, with no income to pay them(or many other "normal bills" that occur with owning a house). Even though the house was "ours", paid off, and in our family ancestry for 120 years, we never really "owned" it because of the property taxes due! So I learned a harsh lesson, acquire nothing, and therefore have nothing to lose! Just live life, enjoy the "little" moments and pleasures that can be had, and have nothing that can be taken from you! Such is the reality of the world surrounding us, there is no permanence, and NO ownership on anything we have!
 ladyc4
Joined: 2/14/2006
Msg: 126
too much in debt?
Posted: 9/3/2011 10:17:47 AM
"Freedom's just another word
For nothin' left to lose"
Kris Kristofferson- Me and Bobby McGee
Cindy O
 professorjjd
Joined: 3/26/2009
Msg: 127
too much in debt?
Posted: 9/3/2011 2:32:01 PM
sorry, that was Janis Joplin, NOT kris!
 ladyc4
Joined: 2/14/2006
Msg: 128
too much in debt?
Posted: 9/3/2011 2:57:03 PM
From Wiki

"Me and Bobby McGee" is a song written by Kris Kristofferson and Fred Foster, originally performed by Roger Miller, and later by others including Kristofferson himself, and also Janis Joplin, who topped the U.S. singles chart with the song in 1971,

I was not aware of the c0-writer(Fred Foster),generally speaking the song is attributed to Kristofferson as the WRITER.
When quoting from song lyrics, I try to credit the WRITER. In some cases-where I don't have that information-I will credit "as performed by" or the title of the song and "as performed by".
I certainly do not disagree that Janis' is the recording most familiar to people.
But she did not WRITE the song.

And yes, I think it's all germane to the topic because a person is certainly "free" to take that position when contemplating a relationship with someone- or even just contemplating their own life.
Cindy O
 professorjjd
Joined: 3/26/2009
Msg: 132
too much in debt?
Posted: 9/3/2011 3:45:00 PM
Yes, he may have wrote it, but Janis made it quite famous, without her husky voice, the song would have faded into obscurity many years ago, therefore, she is the one remembered for it by the vast majority of music lovers!
 Lint Spotter
Joined: 8/27/2009
Msg: 133
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too much in debt?
Posted: 9/3/2011 3:51:09 PM

Yes, he may have wrote it, but Janis made it quite famous, without her husky voice, the song would have faded into obscurity many years ago, therefore, she is the one remembered for it by the vast majority of music lovers!
Still doesn't mean that she should be credited for Mr. Kristofferson's work. That would be similar to giving Tiger Woods the credit for golf...

Back to the topic...

Many are saying that a mortgage is a good debt... I say it depends on the mortgage. I know someone that has just recently extended their mortgage for 10 years to consolidate his other loans. While this is a good move on the surface, the reason he consolidated to begin with is due to poor financial responsibility and he's already started racking up the line of credit again... a new fence, a new laptop... upgrading his vehicle.

I would neither become involved with a person such as that, or a person that is of a similar age as myself with nothing to show for having lived this long.
 professorjjd
Joined: 3/26/2009
Msg: 136
too much in debt?
Posted: 9/3/2011 4:25:52 PM
EXACTLY my point! debt is debt! The man who has NOTHING, but has NO debt is FAR better off then the man who has lots, but owes it all on debt! I've made it to 40 without EVER having a credit card, or ANY major debt, or any loans for that matter! I may be single, but I owe nothing to anyone!
 Lint Spotter
Joined: 8/27/2009
Msg: 137
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too much in debt?
Posted: 9/3/2011 4:56:02 PM

It's like "buzzed" driving isn't as bad as "drunk" driving.
If you see a comparison with this and debt levels, then you have a bigger problem than this site can resolve.

The man who has NOTHING, but has NO debt is FAR better off then the man who has lots, but owes it all on debt! I've made it to 40 without EVER having a credit card, or ANY major debt, or any loans for that matter!
You have nothing to show for having lived so long... that's sad.

Life requires tangible items... tangible items cost money, often more than what can be saved for in a reasonable amount of time. I don't know too many people that can go out and pay cash for a house... and in my opinion, a house is a necessary item in a stable life.
 mrmisterme
Joined: 6/7/2009
Msg: 139
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too much in debt?
Posted: 9/3/2011 5:01:37 PM
You don't really need a house. With housing values fluctuating all the time, sometimes it's better to rent than to buy.

A lot of people say that they have nothing and owe no debts, but they usually have a computer, stereo system, TV (or two or three), clothes, food, furniture and shelter.
 professorjjd
Joined: 3/26/2009
Msg: 140
too much in debt?
Posted: 9/3/2011 8:31:21 PM
Yes, I DO pay rent! I live with good people who rent out a nice big room to me for 400$ a month! I donate plasma twice a week, and that covers my rent! My internet is free via a public signal, my computer I paid cash for(when I WAS working last year).. So I live debt free, WITHOUT paying extortional government taxes, WITHOUT working a standard job and being bossed around by ANYONE, and I DON'T get a "government dole" as someone here suggested, and NO assistance from the taxpayers, AND I maintain a roof over my head(all my food is included in rent).. So yes, I've beat this capitalistic greedy system we're stuck in, and almost off the grid completely! I owe no one, and the few possessions I have are valueless and meaninglessness, so if I lose them, doesn't matter! When I need to go somewhere I either walk or take a bicycle(which I put together from old spare parts, DIDN'T buy it).. So I count myself as a success story, 40 without debts, without obligations or responsibilities, WITHOUT buying into the whole crappy "credit system" that brought this country down, and I'm proud of who I am and what I've accomplished!
 WalksOnWater2
Joined: 5/19/2009
Msg: 145
too much in debt?
Posted: 9/4/2011 1:32:38 AM
There is good debt, and there is good tuberculosis.

I know people who believe that paying $1000 interest for their mortgage a month is good, "because it is tax deductible". The fact that they pay $1000 to "deduct" $250 totally escapes their mind. The TV which they rush to buy for 700 while on sale, will cost them 1200 by the time it's paid off, but they still think they struck pay-dirt.

There is a general misunderstanding of simple arithmetic here. Zero down, zero payments for three months sounds like give-away, and the enthusiastic crowd flocks to the store and signs for the goodies. I may be backwards but I grew up without credit cards, and now that I have them I use them only if they give me something for that. Banks are not charitable institutions, I checked.

I'm anti-debt. I save the money first, and I buy the stuff next. I don't buy things I can't pay cash for. I don't like financially irresponsible people, for the simple reason that I have noticed that irresponsibility leaks in other areas of their lives.

 professorjjd
Joined: 3/26/2009
Msg: 146
too much in debt?
Posted: 9/4/2011 2:02:28 AM
To the earlier poster, NO, I'm not on here to attract anyone! Maybe I was when I first signed on years ago, but I realize the futility of trying to attract women to unique males such as myself, who don't fit the cookie cutter looks or position of the "average" male.. They are obviously too shallow to appreciate someone like me, thats a given at this point! No, I am not a "moocher" type, I never have been, and I never will be! I have always provided for myself, even through VERY bad times! My methods may be unconventional, but they work for me, and provide me with just enough funding to survive and get by without starvation or homelessness.. When I was younger, I WAS homeless for 8 years of my life, and I know if that ever happens again, I am a true survivor, and can deal with it! Not ONCE did I EVER beg, or ask for a handout! I found ways of surviving and eating free of others! So no, I am NOT a moocher type! However, I am on here for entertainment, and to observe the fallacy of it all(after all, these forums ARE free), and once in a while, I can interject nuggets of my hard earned wisdom just to see how far it goes on deaf ears! Hence, my royal presence here....
 WalksOnWater2
Joined: 5/19/2009
Msg: 147
too much in debt?
Posted: 9/4/2011 2:05:19 AM
EXACTLY my point! debt is debt! The man who has NOTHING, but has NO debt is FAR better off then the man who has lots, but owes it all on debt! I've made it to 40 without EVER having a credit card, or ANY major debt, or any loans for that matter! I may be single, but I owe nothing to anyone!

Hey,Professorjjd,
The man who has NOTHING has NOTHING and is not far better than anyone.
If you are happy to be broke and debtless like a newborn baby at age 40, that's fine and dandy, but don't expect women queuing up for your affection. You think selling blood is a career and an accomplishment? That's what the derelicts and the drug addicts do, to get money for dope and booze.
The only reason you made it to 40 without EVER having a credit card, or ANY major or minor debt, is that nobody EVER thought that you'll have enough blood to pay them back.
The "I didn't want to" attitude is good only if you "could but didn't".

 Lint Spotter
Joined: 8/27/2009
Msg: 149
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too much in debt?
Posted: 9/4/2011 5:33:34 AM

You don't really need a house. With housing values fluctuating all the time, sometimes it's better to rent than to buy.
You need to watch the market and buy at the right time... I bought when they were at an extremely low value so the chances of my house depreciating is quite slim. Having been forced to move due to the sale of property; I didn't like being in that position so to me owning my home is a necessity.

If one is living within their means, and that includes their mortgage, then I fail to see how it could be considered bad debt.
I've seen bad mortgages... when a person is paying so much into their house because they've bought well above their means, it's a bad mortgage.

I have worked extremely hard to get to this point where I no longer have a mortgage. Did I ever say that a mortgage was bad. No. Mortgages are necessary and I see nothing wrong with them.
Now you're just being a hypocrite. You've stated ad nauseum how any and all debt is bad regardless of the circumstances, touted how you've always lived debt free. Now you state that you have had debt while looking down your nose at those that still have a debt.

As far as personally attacking me - that's okay.
No one is attacking you, we're debating the points you've made in this thread.
 ladyc4
Joined: 2/14/2006
Msg: 150
too much in debt?
Posted: 9/4/2011 8:27:12 AM
Recognizing that this thread is a couple of years old and that the OP is no longer here-
I think the takeaway here is that each person needs to get information and make their own decision about getting involved with someone who owes money to some entity for something.

Utility bills, food, insurance premiums(or paying room and board to someone) are of course money that is owed-but it is not debt.

As for mortgages/land contracts-again, it depends...is the mortgage "upside down"? Is making the mortgage payment each month practically a traumatic event?

As for other debt-is it for medical bills or student loans? Or for tools/equipment needed for the persons' livelihood? ( hey, they don't GIVE AWAY tractors, well-drilling rigs, heavy equipment. I can't recall the last time I saw a backhoe or a bulldozer for sale at a Goodwill or Salvation Army store.)
Or is it for "instant gratification" of desire for consumer goods? I guess I could see making payments on a necessary item( stove or refrigerator,heating plant)...if one of those "croaks" one may not have the luxury of time to shop for "scratch'n'dent" or secondhand items.

Bottom line- YES- significant debt,back child support, an "underwater"(aka "upside down") mortgage-are things that need to be taken into consideration when considering marriage. But people with debts do get married every day,work hard TOGETHER to discharge the debts,and live their lives.
This is a question that cannot have a simple "yes or no", black or white answer.
Cindy O
 professorjjd
Joined: 3/26/2009
Msg: 152
too much in debt?
Posted: 9/4/2011 8:49:38 AM
Yes, this public signal is given away free! Available for any within range who care to use it! Also, when I reached an age where I understood what was around me, and the country I lived in, I NEVER signed up to be subject to this backwards system of extortionist revenue to a corrupt government! I NEVER agreed to ANY of this! I owe allegiance to no king, emperor, or government, I kiss no ring, and even when I was a kid I refused the pledge of allegiance! I don't get sick(ever), my gas and electric(plus tap water) are included in rent, and I completely sustain myself without ANY help from this system! personally, I think thats pretty amazing! Even if you do not! Show me one other person in my circumstance that refuses to use a corrupt and capitalistic system that can sustain themselves without it! If you wish to participate in it fine, but don't pretend its a good thing to be in debt, to pay unfair and extorted taxes, endless fees just to sustain all these toys you think you need to live, and PROMOTE it as a good thing! THAT FISH WON'T FRY! I actually pity all of you that believe this! Just a matter of time b4 this country runs out of money, can't pay THEIR debts either, and can't borrow anymore! Then this entire precariously balanced corrupted system shall go the way of the dodo, and I intend to laugh when that eventually happens!!
 Lint Spotter
Joined: 8/27/2009
Msg: 153
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too much in debt?
Posted: 9/4/2011 8:50:45 AM

From what you've stated you're a strong healthy capable man who chooses to live off the system you profess to disdain.
To add to this point, what of when he becomes ill and cannot safely give blood or plasma? From what he's said, there's no buffer in the event of becoming ill nor has he contributed to a pension plan or savings for when he's too old to take care of himself.

People such as that are a strain on society and I personally am tired of picking up their slack.
 Vannili
Joined: 7/8/2008
Msg: 155
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too much in debt?
Posted: 9/4/2011 9:47:01 AM
shutterfly, if Professorjjd is" contented and happy" how he run his SPARTAN life ,who are YOU to judge him????????? He is right that a person who is in deep debt ,worried sick how he can pay his bills, ,even he is very sick, he has to go to work to pay his bills....He has a big nice house,big TV in all the rooms, super premium Cables, which he has no time to watch, high tech cell phone , every 3 years he change car with high technology, he travel for vacation and stays in 5 star hotel ,eat in a good restaurant,intertained in his house with fine food and wines. Lastly shop to an upcale store..... IF the company shorten his hours or laid off, he is worried sick how he can pay his bills.

I may live way beyond him , but I don't compare myself better than him, or he is better than me, even he is living in a first class luxurious life he is paying the price for it...

I live a second class life and my nescessity bills are my priorities, property taxes,water,gas/electric, car maintenance, ect.ect. and I shop at Saver ( thrift store) on monday dollars days & 50% off.. and food on sales.* I am paying a price to have a peace of mind and contententment *of "want not and waste not". My luxuries is fishing , flipping magazines of nice places borrowed from library and watching travels shows on my 28''old fashion colored TV ..Can't afford to eat out most of the time but I can afford to pay cash on whatever nescessity I need..

On the long run he who live on luxuries life may tempted to steal to cover his debts ( I work in a casino so I know what I am talking about ) if he got caught all of what he has will be strip of him and we are on same SEA swimming, bobbing our head to SURVIVE....

The kicker is we can not argue someone's belief, if Proffesor believe that he can live like the little Sparrows who doesn't toil and not worried because the Lord God take CARE of him ,so be it,it is his life ... OHH, the goverment will not take care of him ,he has to have a job for his shelter and food and comfort and pay taxes ..
 Lint Spotter
Joined: 8/27/2009
Msg: 156
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too much in debt?
Posted: 9/4/2011 10:33:50 AM

He is right that a person who is in deep debt ,worried sick how he can pay his bills, ,even he is very sick, he has to go to work to pay his bills....He has a big nice house,big TV in all the rooms, super premium Cables, which he has no time to watch, high tech cell phone , every 3 years he change car with high technology, he travel for vacation and stays in 5 star hotel ,eat in a good restaurant,intertained in his house with fine food and wines. Lastly shop to an upcale store..... IF the company shorten his hours or laid off, he is worried sick how he can pay his bills.
I think most things that a person has can be saved for rather than being tossed onto an ongoing debtload... I had no problem sending my mother a large, flat screen television for Mother's Day a couple of years back... and I didn't go into debt for it either.

If I want something badly enough, I'll save for it... if I can't save to buy it, then obviously it's not all that important to me... (exclusion of a house or car).
 Vannili
Joined: 7/8/2008
Msg: 157
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too much in debt?
Posted: 9/4/2011 12:36:24 PM
^^ I totally agree with you, I am so green envious of all my friend's large flat screen TVs and their trip ( I craved these trips to death) to Las Vegas,/Cruises/vacation to the Philipines, but I would rather spent my saved money on house renovations , paint my car,ect.( that I can see where my money went).. Of course, I have options,improve my living condition or enjoy visual matters that will chuck in to a nice experience for a short period of time, and back to square one again.


My philosophy is take care of business first before leisures..
 WalksOnWater2
Joined: 5/19/2009
Msg: 159
too much in debt?
Posted: 9/4/2011 2:14:16 PM
Vannilli



shutterfly, if Professorjjd is" contented and happy" how he run his SPARTAN life ,who are YOU to judge him?????????

The professor is mooching off a system that he declares he despises.
I'm one of many who got hit with lay-off, half-ass employment thereafter, diminishing house values etc., but because I have lived below my means for a long time, and avoided indebtedness, I 'm doing fine , thank you. If by judging you mean my comment that he's not a desirable man as a mate, you are right. I'm judging. From where I stand, I see that he takes advantage of all the amenities that exist in society because the taxpayers pay for them, and he KNOWS that the social services will bail out his ass, if he falls ill or becomes unable to support himself by his current 'profession". He is " contented and happy" because of the corrupt and capitalistic system (supported by these pitiful others) he lives in.
There is a 'catch-all' system here in these United States, that keeps people from falling through the cracks and welfare services that states are required to operate.
The same taxpayers that he calls - whatever he calls, are the ones who fund these services and everything else he considers free. So his unconventional-rebel-I'm-wiser-than-thou- BS -act is at the least questionable.

If he really wants to be such a royaly independent and unencumbered individual, he can pack and go live in the woods or on a beach, sleep under a palm tree and eat coconuts falling from above and are paid compliments of nature. (Provided the tree doesn't belong to someone who paid for it) The wifi signal may be weak and no electricity to run the laptop, but hey! He will not have to kiss nobody's ring, unlike the people living in the society. Then he can say he is "off the grid completely! " (his words)

The point of all this discussion is/was how good or bad is debt.

Debt is a product you buy. You buy money, you rent it, that's what it is.
Just like a hamburger or a TV, you don't HAVE to buy it. Nobody puts a gun in your head to make you get a loan. It's a choice people make, and some over-do it. It is a decision which has consequences.
The lenders are in the business of renting money, like the landlords are in the business of renting housing, for profit. It is up to the individual to evaluate their own needs and capacity to repay. It is negotiable. Because it was so easily available for a long time, many fell for the advertised credit trap. Debt is neither good or bad in this sense. It is just another product, available for purchase, and it can be very expensive. You are better of if you don't need to buy it.
 professorjjd
Joined: 3/26/2009
Msg: 160
too much in debt?
Posted: 9/4/2011 7:07:34 PM
shutterfly 57 , do you even know what a real "moocher" is? Its idiots running around abusing the system, having illegitimate babies, abusing the welfare systems, food stamps, etc.. I collect NOTHING! Never have, never will! Also, just because a road is there and someone didn't pay taxes and chooses to walk down it, means they are taking advantage of the system? What incredible ignorance and stupidity you show by an assumption like that! If there was no road there, I would still walk the path, whether it be through grass, trees, rocks, whatever! We have no choice, since they've built roads EVERYWHERE in this country! If you choose to pay the government taxes(that they waste beyond belief) thats your choice, but it takes real audacity to call someone a moocher who doesn't agree to pay as well, into a system I NEVER agreed to! I have no doubt, that there are many in this country who would agree with this! By the way, withholding income tax on personal wages was not even enacted until 1943, and the country got along just fine without uncle sam forcefully stealing from its so called "citizens". No, I DON'T agree with taxes, especially personal income taxes, and I choose not to participate or promote an unethical, corrupted, biased, and greedy capitalistic system, and my choice does NOT classify me as a "moocher", but someone who REALLY stands up for my beliefs, with a stronger will then most modern americans who blindly do what these politicians tell you, by law and by force! I refuse, and will remain my own man, without kissing the ring, as they say!
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