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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%
Voters: 292. You may not vote on this poll

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Old 09-24-2016, 03:54 PM   #41
Recycles dryer sheets
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+1 since 2005...

Originally Posted by Accidental Retiree View Post
Same here.

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Old 09-24-2016, 06:10 PM   #42
Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 2,410
I answered less than 10 per cent, since we do use credit cards. We do pay off monthly. They are our only debt.

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Old 09-24-2016, 06:19 PM   #43
Recycles dryer sheets
Join Date: Jul 2016
Location: New Hampshire
Posts: 73
I'm another with essentially zero debt. No mortgage and I pay off credit cards in full each month. I do have two installment loans but the balance is so low compared to assets that it rounds to zero.
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Old 09-24-2016, 06:59 PM   #44
Recycles dryer sheets
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Old 09-24-2016, 07:07 PM   #45
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Originally Posted by Nemo2 View Post
Pour nous aussi, la même chose...........

Un peu de Français... Ça c’est très bien
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Old 09-24-2016, 07:10 PM   #46
Dryer sheet wannabe
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Location: Bozeman
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46%. What do I win?
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Old 09-24-2016, 07:17 PM   #47
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Location: Somewhere between Chicago and Phoenix
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3 car payments left and whatever credit card charges have accrued since my last monthly payoff. Probably totals around 0.13%
"And in the end, it's not the years in your life that count. It's the life in your years" - Abraham Lincoln
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Old 09-24-2016, 07:22 PM   #48
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Location: GTA
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Originally Posted by Corporateburnout View Post
We charge everything for the CC cash back rewards but pay it all in full when due.
Ditto. I looove me the cash back.
"No one's interested in something you didn't do"
Tragically Hip - Wheat Kings
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Old 09-24-2016, 07:31 PM   #49
Confused about dryer sheets
Join Date: Sep 2016
Posts: 1
Bought current home in 1984. Paid mortgage off in 7 years. 10.75% as I remember. Have paid cash for new vehicles in 1991,2000 and 2016 as well as several used vehicles. Just hit 1m mark in investments, mutual funds mostly. Wife has 1/4 m and a state pension. Neither of us have made over 40k. Although I do have a small business for last 10 yrs. Clear about 10k -16 k. Planning to draw SS in 6 mo at 62. My Edward Jones rep tells me to spend some money and enjoy life. May be open to a little part time work with current employer. We are able to continue regular payments for health insurance, same as when working from wife state job. Hope I can enjoy retirement as we are suppose to.
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Old 09-24-2016, 07:36 PM   #50
Recycles dryer sheets
Join Date: Jun 2013
Posts: 466
This poll shows how different we are from the general population. Half of those who have responded have 0 debt, and most of the other half are at 10% or less.
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Old 09-24-2016, 07:54 PM   #51
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Originally Posted by Corporateburnout View Post
Un peu de Français... Ça c’est très bien
Au contraire, mon Francais, c'est tragique.
"Exit, pursued by a bear."

The Winter's Tale, William Shakespeare
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Old 09-24-2016, 07:56 PM   #52
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Give me a forum ...
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Originally Posted by l8_apex View Post
46%. What do I win?
A medal for bravery!

Results are very interesting so far. Keep them coming! Poll closes in 7 days.
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Old 09-24-2016, 08:44 PM   #53
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Give me a forum ...
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Posts: 6,642
I guess I am in second place at about 25%. Like a workerbee I have a mortgage with 20 years to go and a car payment slapped on a zero percent CC with 2% access check fee I roll over every 15 months.
The debt was there when I retired and my pension take home income was about same as take home paycheck. No real reason to change. Even with the debt payments I dont spend 70% of my monthly pension income. I am just not a big spender. It will get paid off one of these years, or not...Who knows.
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Old 09-24-2016, 10:33 PM   #54
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Location: Independence
Posts: 5,086
3.255% for one mortgage loan and all the red stuff on the left side of Quicken, which includes everything on our credit cards, which are paid when due each month.
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Old 09-24-2016, 11:44 PM   #55
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Posts: 1,568
21%. Only debt is mortgages on rental properties.
And if I claim to be a wise man, it surely means that I don't know.
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Old 09-25-2016, 04:20 AM   #56
Recycles dryer sheets
Join Date: Feb 2005
Posts: 158
It has been zero for last ten years. I sleep better with no debt.
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Old 09-25-2016, 04:59 AM   #57
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Location: Seattle
Posts: 2,296
I think we are about negative 10% debt since we actually own some bonds and have no mortgage or CC balances.
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Old 09-25-2016, 05:57 AM   #58
Confused about dryer sheets
Join Date: Sep 2016
Location: Raleigh
Posts: 4
Six percent. Small mortgage balance.
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Old 09-25-2016, 06:34 AM   #59
Full time employment: Posting here.
Join Date: Jul 2011
Posts: 636
About 12.5% with 2 car loans (.9% and 1.9%) and a 2.75% mortgage with 8 years left. Don't really like the payments but as Meadbh says, this is "good debt." Our CCs are paid off monthly and racking up the cash back. Love Chase Visa's 5% cash back at warehouse stores (Costco) the last couple quarters! When they give up on that I'll go back to Costo's Citi Visa with 4% back.
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Old 09-25-2016, 06:48 AM   #60
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Originally Posted by MichaelB View Post
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 don't view this as debt. We pay in full as soon as its cutoff. Use to have some margin debt but paid that off shortly after retiring.

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