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How much debt do you have including mortgage etc..

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  • lauragreenbaumlauragreenbaum Posts: 559Member Member Posts: 559Member Member
    Motorsheen wrote: »
    The monthly hush money expenditures are killing me.

    LOL
  • Ketch_22Ketch_22 Posts: 1,204Member Member Posts: 1,204Member Member
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid. On a side note... if you leave no one anything then debts are absorbed and if you have no life insurance you will be buried. They don't just leave you in the street ;)
  • RunHardBeStrongRunHardBeStrong Posts: 33,125Member Member Posts: 33,125Member Member
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid. On a side note... if you leave no one anything then debts are absorbed and if you have no life insurance you will be buried. They don't just leave you in the street ;)

    Just throw me in the trash

    Nah, I'mma stuff you and put you in my museum.
  • your_future_ex_wifeyour_future_ex_wife Posts: 4,252Member Member Posts: 4,252Member Member
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid. On a side note... if you leave no one anything then debts are absorbed and if you have no life insurance you will be buried. They don't just leave you in the street ;)

    Just throw me in the trash

    Nah, I'mma stuff you and put you in my museum.

    I’m enjoying the dark comedic turn this has taken.
  • RunHardBeStrongRunHardBeStrong Posts: 33,125Member Member Posts: 33,125Member Member
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid. On a side note... if you leave no one anything then debts are absorbed and if you have no life insurance you will be buried. They don't just leave you in the street ;)

    Just throw me in the trash

    Nah, I'mma stuff you and put you in my museum.

    That's actually a thing you can do. It's called plastination.

    I love all your random facts!
  • tinkerhellraisertinkerhellraiser Posts: 4,197Member Member Posts: 4,197Member Member
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid.

    wow this is really super not true
    life insurance is separate from the estate

  • rosebarnalicerosebarnalice Posts: 2,817Member Member Posts: 2,817Member Member
    Student loans and mortgage is all that is left now. 10yrs left on the house and I figure the student loans will be paid off sometime around age 73 or 74. Student loan debt is almost 3 times the amount of the balance on our mortgage. No car payments in 15+ yrs and no credit card debt. Our daughter gets married next June; the wedding is almost completely paid for already. Will we retire at 65? Probably not, but we live well. Our monthly budget? There is plenty leftover after the bills are paid.

    If there's "plenty left over" after the bills are paid, why don't you throw it at your student loan debt?
  • Ketch_22Ketch_22 Posts: 1,204Member Member Posts: 1,204Member Member
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid.

    wow this is really super not true
    life insurance is separate from the estate

    without a Will yes you are correct, if you have a will and name that person then it is different
    it also varies by state
    edited July 24
  • bojack5bojack5 Posts: 2,397Member Member Posts: 2,397Member Member
    Ketch_22 wrote: »
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid.

    wow this is really super not true
    life insurance is separate from the estate

    without a Will yes you are correct, if you have a will and name that person then it is different

    With a will yes estate pays bills.....but not with life insurance. They are two separate things.
  • tinkerhellraisertinkerhellraiser Posts: 4,197Member Member Posts: 4,197Member Member
    Ketch_22 wrote: »
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid.

    wow this is really super not true
    life insurance is separate from the estate

    without a Will yes you are correct, if you have a will and name that person then it is different

    nah life insurance is separate from estate
    a will got nothing to do with it

  • This_farThis_far Posts: 267Member Member Posts: 267Member Member
    Ketch_22 wrote: »
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid.

    wow this is really super not true
    life insurance is separate from the estate

    without a Will yes you are correct, if you have a will and name that person then it is different

    nah life insurance is separate from estate
    a will got nothing to do with it

    It's been my experience that the banks always get paid.
  • Ketch_22Ketch_22 Posts: 1,204Member Member Posts: 1,204Member Member
    Ketch_22 wrote: »
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid.

    wow this is really super not true
    life insurance is separate from the estate

    without a Will yes you are correct, if you have a will and name that person then it is different

    nah life insurance is separate from estate
    a will got nothing to do with it

    getting off topic on this one. The point was to address what happens to your debt if you die. It doesn't get absorbed unless you died penny less and alone
  • RiderOfWesternRiderOfWestern Posts: 7,407Member, MFP Moderator, Greeter MFP Moderator Posts: 7,407Member, MFP Moderator, Greeter MFP Moderator
    bojack5 wrote: »
    This_far wrote: »
    Ketch_22 wrote: »
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid.

    wow this is really super not true
    life insurance is separate from the estate

    without a Will yes you are correct, if you have a will and name that person then it is different

    nah life insurance is separate from estate
    a will got nothing to do with it

    It's been my experience that the banks always get paid.

    Not from life insurance they wont.....unless the beneficiary chooses on their own to do so.

    right; So, lesson learned: leave the estate & associated bills to relatives you hate and life insurance to those you love
  • Ketch_22Ketch_22 Posts: 1,204Member Member Posts: 1,204Member Member
    bojack5 wrote: »
    This_far wrote: »
    Ketch_22 wrote: »
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid.

    wow this is really super not true
    life insurance is separate from the estate

    without a Will yes you are correct, if you have a will and name that person then it is different

    nah life insurance is separate from estate
    a will got nothing to do with it

    It's been my experience that the banks always get paid.

    Not from life insurance they wont.....unless the beneficiary chooses on their own to do so.

    right; So, lesson learned: leave the estate & associated bills to relatives you hate and life insurance to those you love

    lol hmm interesting. Refi the house and take the cash and go on a bon voyage
  • jmorton36153jmorton36153 Posts: 3Member Member Posts: 3Member Member
    House paid off. I have one credit card that I actually make money on my getting 1.5% rewards and pay off monthly. The secret to my success has been beginning my retirement saving early and maxing out my 401K & Roth IRA. I have enough left over for whatever I want to do. I have sacrificed though by not having a big expensive home and nice cars both what I consider tax burdens. My wife and I plan to have a second home in Florida when we retire so the sacrifices of lesser home and autos now will pay off later.
  • tinkerhellraisertinkerhellraiser Posts: 4,197Member Member Posts: 4,197Member Member
    Ketch_22 wrote: »
    Ketch_22 wrote: »
    Ketch_22 wrote: »
    Debt and credit scores are a racket. They don't mean anything. If I had to put a number on it though, like $348K

    You know, the whole world is in debt anyway. Like, when you die...that debt...where does it go? Its just numbers then..bouncing around in a bubble of speculation.

    Right? It's all in imaginary figures anyway. If all the databases went down tomorrow I wouldn't be in debt.

    Actually, if you die and you plan to leave something to someone... ex life insurance they can't collect on the estate until the bills are paid.

    wow this is really super not true
    life insurance is separate from the estate

    without a Will yes you are correct, if you have a will and name that person then it is different

    nah life insurance is separate from estate
    a will got nothing to do with it

    getting off topic on this one. The point was to address what happens to your debt if you die. It doesn't get absorbed unless you died penny less and alone

    idk idk idk like @JustReadTheInstructions student loan debt will die whenever she shuffle off this mortal coil even if she a millionaire scientist by then
  • wcaldwelldwcaldwelld Posts: 90Member Member Posts: 90Member Member
    Interesting topic but here goes... we are not bad off we still owe about 60,000 on our mortgage and other debt is about 3000 on credit cards mainly due to expenses from three yes three weddings in the next 8 months two daughter and one son all getting married
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