Car-Guy
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
No, it's just because there are not any "good" football games on TV at this time.Must be a slow day?
No, it's just because there are not any "good" football games on TV at this time.Must be a slow day?
I think the polls talked about "investable assets" rather than net worth...
Try Monica's number.BTW, what is the definition of 'current' in this context? (I tried calling Bill Clinton...but to no avail.)
Actually, the lowest level answer was:
I have no debt whatsoever, not even a credit card bill.
No, it's just because there are not any "good" football games on TV at this time.
Well I'm glad this new poll settled that question.It seems to be an unsettled question over at this poll, so I thought it might make a reasonable new poll question.
So, if you pay your credit card balance each month in full, is the current, not yet paid and not yet due balance considered debt?
Well I'm glad this new poll settled that question.
It is technically debt of course. But if you pay it off every month, it's more like a payment mechanism. If significant and you are calculating your net worth, you should include. Having said that, I certainly consider myself debt free because this is my only debt and I always have the cash to pay it in full. Having a few thousand dollars in current CC charges that will be paid by the due date, does not (in my view) mean you are "in debt". If you were nobody would ever be debt free. Must be a slow day?
If a "not yet due" credit card balance is not yet an obligation, how can it be considered debt? If I charge an item and transfer the cash to my payment account, and the credit card company has not yet billed it and chooses to delay withdrawing the funds, this is a liability but not a debt. It becomes debt once it is billed.
If we want to get technical and look at corporate finance, it would probably be considered an "accrued expense", but might be "accounts payable" or "trade and other payables".
Slow day for me too since I have no bets on any of today's games. Made my weekly "donation" Thursday night. But to try and stay on topic of this thread, I still have no debt since the "cash" (no credit cards accepted) was paid to the pot before the game.I know its a slow day for me... Im posting while struggling to watch my Ravens season over bet play out against boring Jaguars...
Slow day for me too since I have no bets on any of today's games. Made my weekly "donation" Thursday night. But to try and stay on topic of this thread, I still have no debt since the "cash" (no credit cards accepted) was paid to the pot before the game.
Thank you rodi. Finally someone who gets it!
True. As Danmar posted in another thread, it is getting a bit silly. It's still fun, though, and one of those opportunities to not take ourselves too seriously while we fervently disagree.Michael, you better take it down a notch or an academic nerd fest food fight is going to break out soon.
Hmmm.. I think I got it before his post... and I posted before rodi...
(just having some fun).....
Also one could argue if I walk into a store and pick up an item, I'm in debt until I put it back or pay for it, no matter how.I mean, if we want to count the angels on a pinhead, writing a check is a form of debt, too. So is using fiat currency itself, really, so how far do we want to take this? If I pay off my CCs before I have to pay interest and I get some travel points to boot, it's a loan but one they pay me a little to take and I'm happy.