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View Poll Results: What is your debt to total asset ratio?
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I have no debt whatsoever, not even a credit card bill
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149 |
51.03% |
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<10%
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98 |
33.56% |
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10-19.99%
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27 |
9.25% |
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20-29.99%
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10 |
3.42% |
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30-39.99%
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5 |
1.71% |
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40% or greater
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3 |
1.03% |
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09-24-2016, 03:54 PM
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#41
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Thinks s/he gets paid by the post
Join Date: Mar 2011
Location: North TX
Posts: 1,834
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+1 since 2005...
 Quote:
Originally Posted by Accidental Retiree
Same here.
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09-24-2016, 06:10 PM
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#42
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 3,532
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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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09-24-2016, 06:19 PM
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#43
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Recycles dryer sheets
Join Date: Jul 2016
Location: New Hampshire
Posts: 381
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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.
__________________
Steve
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09-24-2016, 06:59 PM
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#44
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Full time employment: Posting here.
Join Date: May 2013
Posts: 609
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Zero
Sent from my iPhone using Early Retirement Forum
__________________
Saved 8 figures by my mid-40's as a professional bubble-spotter. Beware...the Fed creates bubble after bubble after bubble.
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09-24-2016, 07:07 PM
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#45
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,743
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Quote:
Originally Posted by Nemo2
Pour nous aussi, la męme chose...........
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Un peu de Français... Ça c’est trčs bien
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09-24-2016, 07:10 PM
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#46
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Recycles dryer sheets
Join Date: Oct 2015
Location: Bozeman
Posts: 194
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46%. What do I win? 
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09-24-2016, 07:17 PM
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#47
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,600
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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%
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09-24-2016, 07:22 PM
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#48
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Location: GTA
Posts: 1,728
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Quote:
Originally Posted by Corporateburnout
We charge everything for the CC cash back rewards but pay it all in full when due.
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Ditto. I looove me the cash back.
__________________
Family Motto: "Every penny's a prisoner"
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09-24-2016, 07:31 PM
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#49
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Dryer sheet wannabe
Join Date: Sep 2016
Posts: 10
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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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09-24-2016, 07:36 PM
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#50
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 1,019
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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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09-24-2016, 07:54 PM
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#51
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2011
Posts: 8,368
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Quote:
Originally Posted by Corporateburnout
Un peu de Français... Ça c’est trčs bien
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Au contraire, mon Francais, c'est tragique. 
__________________
"Exit, pursued by a bear."
The Winter's Tale, William Shakespeare
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09-24-2016, 07:56 PM
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#52
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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A medal for bravery!
Results are very interesting so far. Keep them coming! Poll closes in 7 days.
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09-24-2016, 08:44 PM
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#53
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2009
Posts: 9,343
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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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09-24-2016, 10:33 PM
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#54
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,298
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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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09-24-2016, 11:44 PM
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#55
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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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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09-25-2016, 04:20 AM
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#56
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Recycles dryer sheets
Join Date: Feb 2005
Posts: 189
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It has been zero for last ten years. I sleep better with no debt.
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09-25-2016, 04:59 AM
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#57
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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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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09-25-2016, 05:57 AM
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#58
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Confused about dryer sheets
Join Date: Sep 2016
Location: Raleigh
Posts: 6
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Six percent. Small mortgage balance.
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09-25-2016, 06:34 AM
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#59
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Full time employment: Posting here.
Join Date: Jul 2011
Posts: 723
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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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09-25-2016, 06:48 AM
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#60
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Thinks s/he gets paid by the post
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
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Quote:
Originally Posted by MichaelB
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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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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