389
Finally (lemmy.zip)
submitted 10 months ago by balderdash9@lemmy.zip to c/memes@sopuli.xyz
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[-] nodsocket@lemmy.world 15 points 10 months ago

You can also have no debt and still be poor.

[-] Enzy@lemm.ee 3 points 10 months ago

That way you can take a loan and be in debt but not poor.

[-] nodsocket@lemmy.world 3 points 10 months ago
[-] Enzy@lemm.ee 2 points 10 months ago
[-] nodsocket@lemmy.world 1 points 10 months ago
  1. trade on margin
  2. put it all on SPY puts
  3. ???
  4. debt and poor
[-] pedz@lemmy.ca 15 points 10 months ago

Depends on what kind of debts.

I'm an "old" millennial that recently got a raise and cleared all my credit cards after years of having them loaded near the limit. Now I have a positive balance in my account and enough to live for a few months without a salary. It boosted my credit score to average. So that's great!

However, I live in a studio and don't think I can afford to move anywhere much bigger nor buy any kind of property. It will still take me years to save enough for a mortgage.

So I guess it's still nice not to have any debts, but I would also prefer to have paid off a mortgage instead of "only" credit cards.

[-] misterundercoat@lemmy.world 7 points 10 months ago

Medical expenses: allow me to introduce myself.

[-] daFRAKKINpope@lemmy.world 1 points 10 months ago

Bold of you to assume if I own a house I'll pay any of those.

Wtf am I gonna use credit for? Redo my roof. I'll put out a bucket.

[-] CJOtheReal@ani.social 7 points 10 months ago

I paid all mine by faking my own death lol -Definitely not me

[-] stinerman@midwest.social 2 points 10 months ago

The day I finally had a positive net worth, I was really, really happy.

I posted on social media that I finally had nothing. So to all the people who think I had it so easy and my generation (elder millennial) didn't know what hard work was...I finally had nothing after being alive for 30ish years.

[-] Newguy@lemmy.world 1 points 10 months ago

Taking a cruise down to the casino

this post was submitted on 20 Dec 2023
389 points (99.5% liked)

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