Comments on: The seven roads to financial ruin and how to avoid driving on them. http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/ A place to discuss money...for the rest of us. Sun, 22 Nov 2009 15:21:57 -0500 hourly 1 By: No Credit Needed » Blog Archive » Carnival Of Debt Reduction http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/comment-page-1/#comment-9585 No Credit Needed » Blog Archive » Carnival Of Debt Reduction Tue, 12 Jun 2007 11:34:18 +0000 http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/#comment-9585 [...] The Seven Roads To Financial Ruin! [...] [...] The Seven Roads To Financial Ruin! [...]

]]> By: Festivals I was lucky enough to be included in this week. http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/comment-page-1/#comment-194 Festivals I was lucky enough to be included in this week. Fri, 29 Dec 2006 00:28:15 +0000 http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/#comment-194 [...] david on The seven roads to financial ruin and how to avoid driving on them. [...] [...] david on The seven roads to financial ruin and how to avoid driving on them. [...]

]]> By: david http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/comment-page-1/#comment-191 david Thu, 28 Dec 2006 20:38:35 +0000 http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/#comment-191 I agree LivingAlmostLarge, some people do go in to debt because of high fixed expenses...but at the same time, even if expenses are low, people go into debt so they can impress friends and family, and thats just the wrong way to go! I agree LivingAlmostLarge, some people do go in to debt because of high fixed expenses…but at the same time, even if expenses are low, people go into debt so they can impress friends and family, and thats just the wrong way to go!

]]> By: Debt Free http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/comment-page-1/#comment-190 Debt Free Thu, 28 Dec 2006 15:25:08 +0000 http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/#comment-190 LivingAlmostLarge, a home mortgage is not considered bad by a majority of people, because unlike debts for most other things, a mortgage is on an appreciating asset. Other debts, such as auto loans, are for depreciating, or in the case of dinner last night, disappearing assets. LivingAlmostLarge, a home mortgage is not considered bad by a majority of people, because unlike debts for most other things, a mortgage is on an appreciating asset. Other debts, such as auto loans, are for depreciating, or in the case of dinner last night, disappearing assets.

]]> By: LivingAlmostLarge http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/comment-page-1/#comment-182 LivingAlmostLarge Wed, 27 Dec 2006 20:14:45 +0000 http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/#comment-182 To be honest, sometimes I wonder if people don't go into CC debt because of an unaffordable house or car? I mean what if someone does have enough to make ends meet, but then buys the too expensive car or house? Then they start charging and getting into debt and it snowballs? I think a lot stems from having high fixed costs rather than living beyond their means. I read that about 60% of the population don't have CC debt or even a CC. So do people really charge a lot if the average debt is $8k on the CC? Or is it that people know CC debt is bad, but don't consider home loan/car loan bad? What really drives debt? To be honest, sometimes I wonder if people don’t go into CC debt because of an unaffordable house or car? I mean what if someone does have enough to make ends meet, but then buys the too expensive car or house? Then they start charging and getting into debt and it snowballs?

I think a lot stems from having high fixed costs rather than living beyond their means. I read that about 60% of the population don’t have CC debt or even a CC. So do people really charge a lot if the average debt is $8k on the CC? Or is it that people know CC debt is bad, but don’t consider home loan/car loan bad?

What really drives debt?

]]> By: DEBTective http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/comment-page-1/#comment-133 DEBTective Wed, 20 Dec 2006 18:11:00 +0000 http://www.mytwodollars.com/2006/12/15/the-seven-roads-to-financial-ruin-and-how-to-avoid-them/#comment-133 Bub, just wanted to say a big-time thanks for spreading the word about Dave Ramsey and living on less than you make. The sooner joes and jills deep-six their debt, the sooner they have the dough. Great job, baby! Bub, just wanted to say a big-time thanks for spreading the word about Dave Ramsey and living on less than you make. The sooner joes and jills deep-six their debt, the sooner they have the dough. Great job, baby!

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