Current Events > What is your debt to asset ratio?

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red_is_ash
08/19/23 6:20:18 AM
#1:


To get this, take your total debts and divide that by your total assets. Mine is 59%.

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CE_gonna_CE
08/19/23 6:23:50 AM
#2:


About 46% currently

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Tenlaar
08/19/23 6:24:25 AM
#3:


I have zero debt.
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Questionmarktarius
08/19/23 6:27:08 AM
#4:


89%

I got house, car, and student loans, and could zero out two of them tonight.
Which two?
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ai123
08/19/23 6:27:34 AM
#5:


No debt.

Thank fuck.

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CE_gonna_CE
08/19/23 6:27:50 AM
#6:


Questionmarktarius posted...
89%

I got house, car, and student loans, and could zero out two of them tonight.
Which two?
What has the highest interest rates?

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Questionmarktarius
08/19/23 6:29:08 AM
#7:


CE_gonna_CE posted...
What has the highest interest rates?
Student loans, somehow

House is 1.2%, car is 5%. Fucking student loans are 6.5%
I could do it all at once if I liquidated my 401k
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Giacomo_Hawkins
08/19/23 6:39:46 AM
#8:


200k left on the mortgage of a house bought for 400k in 2019, which puts it near 50 percent. More like 40 percent if zillow's estimate of current house value is to be believed.

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Questionmarktarius
08/19/23 6:47:16 AM
#9:


Giacomo_Hawkins posted...
More like 40 percent if zillow's estimate of current house value is to be believed.
Were Zillow to be believed, I could sell my house for four times what I paid for it.
That's probably why my property tax is fucked.
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Questionmarktarius
08/19/23 7:03:51 AM
#10:


I'm half-assing the student loans because Trump and Biden both strung a carrot.

Mortgage is about $560, and I'm paying $400 a month on a $260 car payment.
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Glob
08/19/23 7:08:45 AM
#11:


No debt except for student debt which I will never pay off. I dont pay anything for it and never have.

No sizeable assets aside from a lot of cash.
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Giacomo_Hawkins
08/19/23 7:52:22 AM
#12:


Questionmarktarius posted...
Were Zillow to be believed, I could sell my house for four times what I paid for it.
That's probably why my property tax is fucked.

Hence my incredulity.

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Pitlord_Special
08/19/23 8:01:17 AM
#13:


About 34%

Just have a mortgage of around 150k on a home worth about 350k and 10k left on my car loan


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tankboy
08/19/23 8:04:05 AM
#14:


16%
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Questionmarktarius
08/19/23 8:06:06 AM
#15:


Did I do the math wrong?
maybe $50k in debts.
$45K I can l easily liquidate.
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Cuticrusader09
08/19/23 9:07:49 AM
#16:


No debt, house is paid off (thanks bitcoin).
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EndOfDiscOne
08/19/23 9:15:07 AM
#17:


About 12%. Have about 90k left on my mortgage.

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[deleted]
08/19/23 10:01:49 AM
#22:


[deleted]
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Freddie_Mercury
08/19/23 12:01:23 PM
#18:


0:0

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archizzy
08/19/23 12:08:43 PM
#19:


No debt. Mortgage is paid off, no vehicle payment, no other debts. I pay for everything in cash and always have except my mortgage and one vehicle one time.

The only bills I have is normal monthly stuff like utilities, cable/Internet, water/garbage, and then just food and gas. Then once a year I have property taxes and insurance for house/vehicle and registration on vehicle.

I actually live pretty damn cheap these days as I rarely spend money outside my required monthly bills and I only need about $1,500 a month to cover all of them.

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KaZooo
08/19/23 12:36:19 PM
#20:


archizzy posted...
No debt. Mortgage is paid off, no vehicle payment, no other debts. I pay for everything in cash and always have except my mortgage and one vehicle one time.

The only bills I have is normal monthly stuff like utilities, cable/Internet, water/garbage, and then just food and gas. Then once a year I have property taxes and insurance for house/vehicle and registration on vehicle.

I actually live pretty damn cheap these days as I rarely spend money outside my required monthly bills and I only need about $1,500 a month to cover all of them.
Dang you made it

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Gamingsince1989
08/19/23 12:46:14 PM
#21:


I don't have any debt. My house, both vehicles and student loans are paid off.
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pretzelcoatl
08/19/23 12:46:24 PM
#23:


Questionmarktarius posted...
Student loans, somehow

House is 1.2%, car is 5%. Fucking student loans are 6.5%
I could do it all at once if I liquidated my 401k
Nice rate on your house
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Solid_Snake07
08/19/23 12:50:09 PM
#24:


probably around 15%. the only debt I have is my mortgage.

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Takuya_Lee
08/19/23 12:51:24 PM
#25:


0. 0 divided by any is 0 by definition.

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Xenogears15
08/19/23 12:52:12 PM
#26:


2%

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PMarth2002
08/19/23 12:59:47 PM
#27:


I'm not actually sure what I owe on student loans come to think of it. Gonna be significantly higher than what I have.

2000-4000%?

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viewmaster_pi
08/19/23 1:04:59 PM
#28:


debt 'set radio

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YoBlazer
08/19/23 1:12:48 PM
#29:


About 20%

74k mortgage (no other debt) divided by approx 380k total assets

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Robot2600
08/19/23 1:18:18 PM
#30:


0 debt

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kingdrake2
08/19/23 1:20:24 PM
#31:


0 debt yet

it was all going good until now...

facing down what it'll cost to do tests so my dog can continue to use carprofen for her arthiritis. there's alternatives but i don't want to use the natural shit unless i have to (i don't accept what these snake oil peddler swindlers say)

currently she's 12. making it to 13 if she can last through december.

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PraetorXyn
08/19/23 1:26:28 PM
#32:


I dont have any debt, but the government fucked up in 2012 and are trying to pile a $49,888.50 debt on me (and now transferred to my mother, but Id have to pay it anyway), and weve filed forms to appeal / request it be waived since its all their fault and we cant afford to pay it back, so if they decide against us, the ratio would be something like 40.3% if you include my retirement investments.

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BewmHedshot
08/19/23 1:27:36 PM
#33:


Hmmm about 4 or 5% probably.
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gu-gohan
08/19/23 1:36:35 PM
#34:


Most people in Switzerland, who weren't born rich, never own property. I don't either. But it's not that bad. Owning a house isn't considered a huge status symbol here (unlike in the US).
I rent a beautiful apartment, have a good job, zero debt, and at age 37 I already saved over CHF 150k for pension (on top of the CHF 2300.- that I automatically get monthly when I retire until I die). I can look forward to have a good living.

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