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Debt Free How long will it take before you're debt free?
With me about another 30 years  of hard work and penny pinching | |
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 dunno, we're not really trying that hard
Our house is paid off, we did that in just under 10 years I think, the other property we are only paying interest on at the moment still. | |
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With having to repay University student loans and the interest they incur here in the Uk... Never.
The Government fucked me and thousands if others over real good. However, if they hadn't taken away all of our grants and finacial support then they would never have wasted money on the millenium dome that nobody visited, would never have had to sell it off and it would never have become the O2 where my best Prince experience happened. So thank you for the funk venue but fuck you for for ruining the rest of my life | |
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ZombieKitten said: dunno, we're not really trying that hard
Our house is paid off, we did that in just under 10 years I think, the other property we are only paying interest on at the moment still. Wow 10 years! 
You should give out tips - I don't know anyone that's done in in under 15. | |
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purpledoveuk said: With having to repay University student loans and the interest they incur here in the Uk... Never.
The Government fucked me and thousands if others over real good. However, if they hadn't taken away all of our grants and finacial support then they would never have wasted money on the millenium dome that nobody visited, would never have had to sell it off and it would never have become the O2 where my best Prince experience happened. So thank you for the funk venue but fuck you for for ruining the rest of my life You should move down under what little money you have is worth 3 times ours over here you'd be considered well off!  [Edited 10/22/09 4:32am] | |
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chocolatehandles said: purpledoveuk said: With having to repay University student loans and the interest they incur here in the Uk... Never.
The Government fucked me and thousands if others over real good. However, if they hadn't taken away all of our grants and finacial support then they would never have wasted money on the millenium dome that nobody visited, would never have had to sell it off and it would never have become the O2 where my best Prince experience happened. So thank you for the funk venue but fuck you for for ruining the rest of my life You should move down under what little money you have is worth 3 times ours over here you'd be considered well off!
[Edited 10/22/09 4:32am] would love to but they let every dick into university now....you see the more people they can get in, the more loans need to be taken out ( and everybody has to have a loan, it's unavoidable) and therefore the mire money they make through interest. The result us that more and more numpties have degrees ie higher and therefore it's worthless and you can no longer get the good jobs...the only choice is back to uni, higher qualification, more debt. Check this - 10 yrs ago my Bro gets a job with a degree, 10 years later I apply for exactly the same job...and they are only CONSIDERING applicants with Master Degrees. In Scotland....all completely free and paid for | |
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chocolatehandles said: ZombieKitten said: dunno, we're not really trying that hard
Our house is paid off, we did that in just under 10 years I think, the other property we are only paying interest on at the moment still. Wow 10 years!
You should give out tips - I don't know anyone that's done in in under 15. we bought an apartment and negatively geared it. We buy everything with a credit card which we pay that off in full each month out of our equity manager loan (which has lowest (discounted) interest rate). Basically we have no savings, just a "debt" into which we pay all our income. This won't work for people who live beyond their means, but for 2 tight-arses like us even on one income it totally sped up paying the loan off. | |
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purpledoveuk said: chocolatehandles said: You should move down under what little money you have is worth 3 times ours over here you'd be considered well off!
[Edited 10/22/09 4:32am] would love to but they let every dick into university now....you see the more people they can get in, the more loans need to be taken out ( and everybody has to have a loan, it's unavoidable) and therefore the mire money they make through interest. The result us that more and more numpties have degrees ie higher and therefore it's worthless and you can no longer get the good jobs...the only choice is back to uni, higher qualification, more debt. Check this - 10 yrs ago my Bro gets a job with a degree, 10 years later I apply for exactly the same job...and they are only CONSIDERING applicants with Master Degrees. In Scotland....all completely free and paid for Uni used to be free here too but everything changed in the early 80's. Now there's HECS. I did a TAFE course back in 1985 and that was free 
It must be hard - do you get to pay it off when you get a job or does it get paid off in installments? | |
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ZombieKitten said: chocolatehandles said: Wow 10 years!
You should give out tips - I don't know anyone that's done in in under 15. we bought an apartment and negatively geared it. We buy everything with a credit card which we pay that off in full each month out of our equity manager loan (which has lowest (discounted) interest rate). Basically we have no savings, just a "debt" into which we pay all our income. This won't work for people who live beyond their means, but for 2 tight-arses like us even on one income it totally sped up paying the loan off.My sister got one of those loans it started at $200,000 five years ago and she now owes $450,000 (They added a rumpus room and done a bathroom reno  ) | |
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chocolatehandles said: ZombieKitten said: we bought an apartment and negatively geared it. We buy everything with a credit card which we pay that off in full each month out of our equity manager loan (which has lowest (discounted) interest rate). Basically we have no savings, just a "debt" into which we pay all our income. This won't work for people who live beyond their means, but for 2 tight-arses like us even on one income it totally sped up paying the loan off.My sister got one of those loans it started at $200,000 five years ago and she now owes $450,000 (They added a rumpus room and done a bathroom reno )
our home loan was 260,000 in 1997, we've done bathroom reno, added a room and turned the garage into a music studio plus a few trips overseas
We still owe 150,000 on the apartment. We have a company car with pre-tax petrol allowance Buy all kids clothes second hand State school for the kids Use the library Buy vegies at asian grocer Shop at Aldi we do everything we can to keep costs down I'm eligible for family tax A & B, we both have our own business as well as my husband's salary, so there are various tax breaks there too. [Edited 10/22/09 5:04am] | |
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chocolatehandles said: purpledoveuk said: would love to but they let every dick into university now....you see the more people they can get in, the more loans need to be taken out ( and everybody has to have a loan, it's unavoidable) and therefore the mire money they make through interest. The result us that more and more numpties have degrees ie higher and therefore it's worthless and you can no longer get the good jobs...the only choice is back to uni, higher qualification, more debt. Check this - 10 yrs ago my Bro gets a job with a degree, 10 years later I apply for exactly the same job...and they are only CONSIDERING applicants with Master Degrees. In Scotland....all completely free and paid for Uni used to be free here too but everything changed in the early 80's. Now there's HECS. I did a TAFE course back in 1985 and that was free
It must be hard - do you get to pay it off when you get a job or does it get paid off in installments? It's taken automatically from your wages when your salary is over a certain amount ( they keep shifting the cut off/minimum salary) - you dong get a say in how much they take so, in the start, they err actually charging me way more interest than they were taking off me each month. I'm one of the lucky ones, my debt is half of what some peoples is cuz my mum and dad helped me as best they could in the first year. I'm on a good wage now and they take about £150 off me each month | |
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purpledoveuk said: It's taken automatically from your wages when your salary is over a certain amount ( they keep shifting the cut off/minimum salary) - you dong get a say in how much they take so, in the start, they err actually charging me way more interest than they were taking off me each month. I'm one of the lucky ones, my debt is half of what some peoples is cuz my mum and dad helped me as best they could in the first year. I'm on a good wage now and they take about £150 off me each month That's about $450 aus which is the average mortgage - so it's like you're paying off a house  | |
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chocolatehandles said: purpledoveuk said: It's taken automatically from your wages when your salary is over a certain amount ( they keep shifting the cut off/minimum salary) - you dong get a say in how much they take so, in the start, they err actually charging me way more interest than they were taking off me each month. I'm one of the lucky ones, my debt is half of what some peoples is cuz my mum and dad helped me as best they could in the first year. I'm on a good wage now and they take about £150 off me each month That's about $450 aus which is the average mortgage - so it's like you're paying off a house Jeez your houses are cheap...average mortgage here is at least £350 put it this way, just over 25% of my wages is taken off me before I even see it through student loan, tax, national insurance etc [Edited 10/22/09 5:22am] | |
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purpledoveuk said: chocolatehandles said: That's about $450 aus which is the average mortgage - so it's like you're paying off a house Jeez your houses are cheap...average mortgage here is at least £350 Oops I think I've lead you astray it's $450 per week not month  | |
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chocolatehandles said: purpledoveuk said: Jeez your houses are cheap...average mortgage here is at least £350 Oops I think I've lead you astray it's $450 per week not month Jeez your houses are expensive  | |
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purpledoveuk said: chocolatehandles said: Oops I think I've lead you astray it's $450 per week not month Jeez your houses are expensive That's Sydney - 15klm from the city and on a 900 m2 block Not to mention that the Sun's for free | |
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chocolatehandles said: purpledoveuk said: Jeez your houses are expensive That's Sydney - 15klm from the city and on a 900 m2 block Not to mention that the Sun's for free ah but my house is on the countryside, 8 miles from the city andcwe get all the water we need for free....from the sky | |
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purpledoveuk said: chocolatehandles said: That's Sydney - 15klm from the city and on a 900 m2 block Not to mention that the Sun's for free ah but my house is on the countryside, 8 miles from the city andcwe get all the water we need for free....from the sky 
Stop it before I need to add more to my debt, wanting to visit the land with free water, short days and long nights | |
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chocolatehandles said: purpledoveuk said: ah but my house is on the countryside, 8 miles from the city andcwe get all the water we need for free....from the sky
Stop it before I need to add more to my debt, wanting to visit the land with free water, short days and long nights Clocks change Sunday too to accomodate for the dark morning. Spring - Forwards, Fall - Backwards. Means we get an extra hour in bed | |
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