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04-08-2008, 09:28 AM
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#1
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Recycles dryer sheets
Join Date: Mar 2008
Location: Washington, DC
Posts: 75
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Truth in a Cathy Comic
I hate to admit that I read Cathy, but I do. Today's seems to be pretty spot-on with how most people deal with money.
Comics and Editorial Cartoons: Cathy on Yahoo! News
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04-08-2008, 09:32 AM
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#2
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 23,713
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DW and I know a couple like that, really sad. He's a carpenter, she just retired as a teacher. $500k in debt. Yow.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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04-08-2008, 09:44 AM
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#3
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Recycles dryer sheets
Join Date: Mar 2008
Location: Washington, DC
Posts: 75
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500k?
Double yow! I wouldn't even know which way was up at that point.
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04-08-2008, 10:04 AM
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#4
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,765
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Sarah, don't apologize, I read all the comics every day 
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04-08-2008, 12:21 PM
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#5
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Cathy's one of my favorites !
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04-08-2008, 01:32 PM
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#6
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 159
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Why would you retire if you were $500K in debt  Shouldn't it be $500K in retirement savings ?
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04-08-2008, 09:01 PM
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#7
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 331
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You've piqued my interest. How does one become 500k in debt without bill collectors coming after them?
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04-08-2008, 09:16 PM
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#8
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,765
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Mortgage, home equity, car loans, credit cards, student loans for kids could easily equal $500K.
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04-08-2008, 09:20 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jun 2007
Location: near Canadian border and near Mexican border
Posts: 1,142
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They will be slaves for a long, long time.
__________________
Pigs get fat, hogs get slaughtered. That's my story and I am sticking to it.
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04-08-2008, 09:37 PM
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#10
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Moderator
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
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 Quote:
Originally Posted by sarahsays
I hate to admit that I read Cathy, but I do.
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Wow, so you're the one who is reading it! Actually, the Cathy strip you posted has fewer words than most. And not one mention of a bathing suit or dieting. Maybe a ghost writer was working that week. 
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04-09-2008, 11:56 AM
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#11
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,826
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Quote:
Originally Posted by NinjaPigeon
You've piqued my interest. How does one become 500k in debt without bill collectors coming after them?
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Welcome to Hawaii (San Francisco, Los Angeles, Silicon Valley, Manhattan) real estate.
Although technically the bill collectors are coming after us every month for the next 300+ of them...
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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04-09-2008, 01:51 PM
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#12
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 23,713
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Quote:
Originally Posted by NinjaPigeon
You've piqued my interest. How does one become 500k in debt without bill collectors coming after them?
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Bestwifeever answered it. They've been living on credit and been in denial about it for so long they think it's normal, I guess. They run up their credit cards and have been periodically refinancing their house to pay them off, then repeat the cycle.
Now they want to move to SC and have been trying to sell their house for over a year. They wanted $550k for it and turned down an offer for $530k because settlement was scheduled for a time when "we have to go to Hawaii".
I simply do not comprehend this line of thinking. But maybe I'm just slow.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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