pslewis

What does debt mean??

Pete

Fuzz

Pete,

Ralf

I'm an accountant and I fear debts more than the devil fears holy water. Not much fun though

RON

I'm 34, worth about 180k, no mortgage, not working, and about 30k in the bank, and I've never earnt more than 15k in any one year!!!

Kevin Greeley

It's not the amount of debt that's important, but how much debt you carry in relation to your assets and income.

e.g. 200k debts, 500k house, 80k income pa = good.
30k debts, no house. 20k income pa = bad.

I'll only borrow to buy something if I can afford the interest on the loan and the depreciation on whatever it is I buy.

That's why houses are good to buy: low interest finance and negative depreciation.

marty_t3

RON, who did you rob/marry?