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What is your current Debt to Asset ratio?

G

GWestphal

Golden Member
I'm at about 75:1 at the moment and about ready to leave academia and hopefully get that down to 30:1 within a year, and 0:1 in 2-3 years.
 
About 9:1, not done yet. By the time I finish, it'll be more towards 65:1 (more the loss of assets than growth of debt).
 
I have enough money to pay off everything I have borrowed against (at 0% interest). I do not currently have my own house, I rent.
 
235ish/23ish so 10/1 ish. Only reason I have any assets is because I own my car which I could probably get 10-13 for if I sold it.
 
My house is worth about the same amount that I owe on it.
My car is worth more than I owe (08 forester with about 7K left to pay off)

My retirement funi is about 1/4 as much as my house.
I owe like 3K on credit card, mainly due to my dumb ass buying stuff and working on my house rather than waiting until I have money already in the bank.

PS .. EMPshockwave82, How are you liking Streamwood?
I lived there from 2004-2007, Bought one of the townhouses over back behind the Aldi's, not a very good neighborhood... I got the hell outta there when I had the chance .... hehehe

If you count my car and my house as liabillities since I need them for my lifestyle, and they are not "investments" and they aren't making money for me .... then I'm something around a 3:1 ratio.

If you count my house and car as "assets" (as in, if I were to die, and then all my property sold off, and then all my debt repaid .... then it's more or less 4:3)
 
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My only debt is my mortgage which puts my ratio at about 7:1

Then again this is only counting my full liquid assets and not the paid value on the home, the car I own with no debt, my 401k assets, or my IRA assets.
 
0. I'm hoping to never have to pay more than a few thousand a year for school. May change if I decide to go for JD.
 
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BurnItDwn said:
PS .. EMPshockwave82, How are you liking Streamwood?
I lived there from 2004-2007, Bought one of the townhouses over back behind the Aldi's, not a very good neighborhood... I got the hell outta there when I had the chance .... hehehe
Click to expand...

I like it a lot actually. I live in a newer area of Streamwood. There is a sketchy area. This is not one of them. I can walk to a golf course and about 7 restaurants 😛
 
Renting with no debt. My assets in possessions are steadily decreasing in value as its all electronics and a car. Bank account is growing though.
 
EMPshockwave82 said:
I like it a lot actually. I live in a newer area of Streamwood. There is a sketchy area. This is not one of them. I can walk to a golf course and about 7 restaurants 😛
Click to expand...

Awesome, You ever go to Thai Thanee over off of Schaumburg Road? That place is awesome. Probably what I miss most about Streamwood. The town I'm in now dosen't have any Thai place let alone a good one....
 
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