12-05-2014 12:57 PM | ||
towers | There are some things I don't understand about OP's behavior. If he was so heavily in debt, why did he still go ahead to get married, buy an EC and have kids? Wouldn't that compound the debt even more? While it is admirable that OP has worked hard to pay down the debt, there are still things that can be cut in order to save interest that is compounding. You can give up the car. That will save $1k per month already that can be put into paying down. | |
22-11-2013 06:02 PM | ||
Unregistered | Haha don't be so mean to a useless MP la. | |
20-10-2013 12:03 PM | ||
RYRR | It is fortunate that one realises the bad situation of being in heavy debt than those who do not realise and keep blaming everyone else but oneself on the situation. . . | |
14-10-2013 11:40 AM | ||
Unregistered |
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they have no idea what is negative net worth. they do not know part of their net worth come from luck such as having rich family, working as front line investment banker or other high income industry. They are top 10% and do not understand the rest of the population as they are surrounded by the same kind of people in their daily life. |
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07-10-2013 05:00 PM | ||
lordlad |
i will share my story then...though i am not negative net worth due to my obsession of always main zero debt....i did took a loan for 20k about 2 years ago due to impulse to buy shares... although i did not got burnt by it...in fact, i doubled my earnings.....however, it is due to this windfall that i spent it on cruises, trips and whatnot...when this 20k can be saved, i spent it. After realising the foolishness of my action, i sold of my remaining shares that is still giving me profits and clear of all the remaining 20k debt from the bank in 3 days (no joke, the bank has to call me why i so desperately wanted to clear it). Now i am debt free and light as a feather..... |
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24-09-2013 09:38 PM | ||
Unregistered | knn how come the threads here always end up digressing to people hao lianing their net worth | |
09-08-2013 09:26 PM | ||
Unregistered |
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09-08-2013 11:54 AM | ||
Unregistered |
My Savings journey I started to recount my savings journey when I overheard my younger colleagues lamenting about how difficult it was to save money with so many demands / expense to meet. These included housing loans, car loans, parents' allowance, maid salary and fees, childrens' needs etc... I guess every young family has to go through this journey. It can seem daunting at times. For my wife and I, our savings journey can be grouped into the following stages: 1. Starting out as a family: 1 - 5 yrs of our marriage Saving : 0 to $15k a year. 2. Yr 6 to yr 10 Saving : $25k to $50k a year 3. Yr 11 to yr 15 Saving : $50k to $75k a yr 4. Yr 16 to yr 20 Saving : $75 to $150k a year 5. Yr 21 to now Saving :$150k to $200k+ a year. I told them it can only get better with higher salaries, loans being paid off, and the compounding effect of investment returns. Last year, we achieved our highest savings ever! $330k, including a passive income of $60k! |
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20-07-2013 01:30 PM | ||
Unregistered |
Mr Debt, I assume you started working as diploma in stat board. How did you manage to earn 100k now? |
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14-06-2012 06:11 PM | ||
Hermit |
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