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View Poll Results: What is your debt to total asset ratio?
I have no debt whatsoever, not even a credit card bill 149 51.03%
<10% 98 33.56%
10-19.99% 27 9.25%
20-29.99% 10 3.42%
30-39.99% 5 1.71%
40% or greater 3 1.03%
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Old 09-24-2016, 12:38 PM   #21
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So, if we pay our CC balance in full each month, but this month has not yet been paid, does that mean that right now we have debt?
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Old 09-24-2016, 01:05 PM   #22
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So, if we pay our CC balance in full each month, but this month has not yet been paid, does that mean that right now we have debt?
Yes! I owe, I owe, so off to work I go!" (..... or maybe not)


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Old 09-24-2016, 01:08 PM   #23
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5.9%... this assumes CC balances are paid since they are on autopay and a small car loan balance that I plan to pay of in a month or so (I reduced the denominator for those items rather than leave them in the numerator.. so the numerator is my mortgage and a car loan I plan to keep and pay off over time).

Unadjusted (strictly based on the formula in the OP) it would be 6.5%.
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Old 09-24-2016, 01:28 PM   #24
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So, if we pay our CC balance in full each month, but this month has not yet been paid, does that mean that right now we have debt?
I would think so.

For us at the moment it's about 0.0016% because the cc bills haven't come in yet. But when they do we pay them off of course.
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Old 09-24-2016, 01:35 PM   #25
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0.08% - still owe $10 K on a loan (why don't I pay this off? (1.9% interest)).
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Old 09-24-2016, 01:43 PM   #26
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$0 debt...I don't count what's currently on my credit card as the card is only used for points and convenience and is paid in full every month.
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Old 09-24-2016, 01:47 PM   #27
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2.8% of assets. A mortgage with a 2.875% rate. DW wants to pay it off, I have a had time giving up that low rate. It will be gone in 4 years regardless.


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Old 09-24-2016, 02:26 PM   #28
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0%
We do use Credit Cards but we pay off the bill each month.
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Old 09-24-2016, 02:52 PM   #29
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0% debt since 1991
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Old 09-24-2016, 03:37 PM   #30
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Zero. No mortgage, CCs and other bills paid in full every month.
Pour nous aussi, la même chose...........and since we get zip in interest on the bank account we reconcile then pay the Visa off online on the statement date rather than wait until the due date......ergo, no bill - no debt.
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Old 09-24-2016, 03:45 PM   #31
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Have been debt free for many, many years. Paid cash for the last two homes, cash for a 2016 new car 5 months ago. If I don't have the money to pay immediately I can't afford it. I have lived this way for the last 30 years. Paying interest for anything is not something I am willing to do.
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Old 09-24-2016, 03:50 PM   #32
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Paying interest for anything is not something I am willing to do.
I believe most of us here probably learned early that "Interest is something you earn, not something you pay".
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Old 09-24-2016, 03:58 PM   #33
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7% . I have a mortgage and a home equity. No plans on paying it off early. Not "debt"adverse Didn't include my amex bill as it gets paid in full

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Old 09-24-2016, 04:05 PM   #34
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5%. Two of our rentals and our home have mortgages. All significantly less than current value. Have the cash to pay them off but I like having the cash. Interest rates are low on the mortgages so keeping them for now.
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Old 09-24-2016, 04:20 PM   #35
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Like others, we have no debt except small credit card balances that are paid in full every month. We only use the cards for the cash back rewards. I don't really consider this "debt." So I answered "no debt whatsoever." If I calculate based on the average CC balance across the month, the ratio is 0.14%, which IMO is too small to answer "<10%."
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Old 09-24-2016, 04:22 PM   #36
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I believe most of us here probably learned early that "Interest is something you earn, not something you pay".
Yup I ways considered paying interest a waste of money. When I first took out a mortgage, and with a high interest rate (north of 10%, this was 1989), I hated paying $522 a month but seeing only $21 or so going toward principal. I was glad to refinance that loan a few years later and then see a lot more than $21 out of a $312 monthly payment go toward principal. Six years later, I paid off the loan and have been debt-free ever since.

With regard to a point in this thread, I consider my debt 0% because I pay off my CC in full every month and have no other ongoing debt.
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Old 09-24-2016, 04:26 PM   #37
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I believe most of us here probably learned early that "Interest is something you earn, not something you pay".
Me too. But in business school I learnt that there is good debt and bad debt. Good debt makes you money and is the only type of debt that I don't mind having. I keep it under 5%.
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Old 09-24-2016, 04:30 PM   #38
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Nothing but the credit cards, which are paid in full every month.
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Old 09-24-2016, 04:33 PM   #39
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0% debt. CC's paid in full each month.


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Old 09-24-2016, 04:39 PM   #40
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Zero if bond holdings are counted in assets but not in debt. Net debt owed would be around -15%.
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