"Get out of debt FAST!" and other lies

[WalkerInTheWoods]

Really I do not see student loans so much as debt as I do as an investment. Just think what those thousands of dollars are actually allowing you to earn. You invest 15,000 or whatever in whatever currancy you use over several years time. Then you get out of school, hopefully find a good job, and you make that or more back within the first year. That is a pretty good investment if you ask me. Now if you could just learn not to get into credit card debt, which I think is about the worst debt there is other than maybe with a loan shark. Seems terribly hard to get rid of that stupid credit card balance.

 

[Tisha]

Face it folks, many of us are broke.  And in debt.  Especially us U.S citizens, who are surrounded by consumerism.  I look at how FAT we've become and wonder if our fatness is as symbolic as it is "real."

I confess:  I buy too much.  I think I "need" things I don't really need.  So that when something bad happens (washing machine catches on fire, roof leaks, car breaks down) I don't have the money to pay for it.  Out comes good old VISA.

So how bad is your debt, everyone?  I'm at about 25K, 8K of it in credit card debt.

How are you getting out of it?  Moving debt around isn't working for me because my shopping behaviours are not changing.  DUH TISH!

I want to start a CUT UP YOUR VISA club!  We can share stories and support each other on our road to financial solvency.  Anyone interested?

tisha