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[CS1983]

Tesla's, Ducati's, I'm in the wrong line of work.

Or not as comfortable with debt.

[Jer]

Or not as comfortable with debt.

Not everyone who buys something goes into debt to do so. ;-)

[hurley842002]

Not everyone who buys something goes into debt to do so. ;-)

Again, I'm in the wrong line of work.

[SouthPaw]

I have an extra 9mm piston if you're interested it's yours. It's left hand thread though.

Hell, I would gladly take it if you weren’t so far away. I’m sure I could find something to put it on.

[SouthPaw]

Or not as comfortable with debt.

Lol, I hear these comments all the time or something along the lines of “it must be nice” or “I wish I had your money.” My answer, don’t have kids..

[Irving]

If you had kids, you could make them drive down to Centennial for you.

[Great-Kazoo]

Lol, I hear these comments all the time or something along the lines of “it must be nice” or “I wish I had your money.” My answer, don’t have kids..

Not really. WE raised a kid, paid bills on time or close to it, owned 4 homes,all vehicles paid for. Outside the c/card bill of less than $200, we have zero debt. At least until the garage gets built, then who knows what i'll throw on the card to put in the shop.

The question is, not really as it's none of anyone's business, how much debt anyone carries. IF one were to become unemployed for longer than 1 month could you carry the debt you have w/out having to refi, or sell off, to keep your head above water. 2 months or longer?

[CS1983]

Lol, I hear these comments all the time or something along the lines of “it must be nice” or “I wish I had your money.” My answer, don’t have kids..

If I didn’t have kids, that means I’m not married. Which means I’d do what I did before marriage entered the picture: live in a small shitty apt, work odd jobs when the mood hits me, and wonder why I didn’t take the MOS change the Army offered in lieu of the med retirement. I don’t understand people who work good paying jobs when single. I’d rather be a janitor or homeless. I only make what I do because it support a family. Life isn’t in income, it’s in experiences. Those rarely pay.

[DireWolf]

Lol, I hear these comments all the time or something along the lines of ?it must be nice? or ?I wish I had your money.? My answer, don?t have kids..

^QFT

Not really. WE raised a kid, paid bills on time or close to it, owned 4 homes,all vehicles paid for. Outside the c/card bill of less than $200, we have zero debt. At least until the garage gets built, then who knows what i'll throw on the card to put in the shop.

The question is, not really as it's none of anyone's business, how much debt anyone carries. IF one were to become unemployed for longer than 1 month could you carry the debt you have w/out having to refi, or sell off, to keep your head above water. 2 months or longer?

Just based on my own personal experiences (which may or may not be outside the norm), 1 kid is relatively easy (although doesn't seem so at the time), but multiples can start getting very expensive collectively, especially if one or more is active in an expensive sport. Potentially compounding the issue, there may be better-paying opportunities that need to be turned down to avoid being an absentee-parent (have personally turned down jobs as well as quit current ones for this very reason).

This issue of cushion or breathing room is different and an excellent point btw, but I don't think it's possible to come up with a universally solid approach given the variety of conditions which may apply. I most often hear the recommendation to build a stash with coverage for at least 6mo, but in reality that can be a real bitch to pull off. Also, in some cases a need for breathing breathing room (or problems from lack thereof) can be unrelated to an employment change, and just a matter of how much shit can go wrong at the same time...

I don?t understand people who work good paying jobs when single. I?d rather be a janitor or homeless. I only make what I do because it support a family. Life isn?t in income, it?s in experiences. Those rarely pay.

But those are the benefits of working a good paying job while single. Doing stuff usually costs money, doing it in style or with 'company' costs more. Having a good-paying day job gives you the flexibility to save/invest, live-it-up and build memories, or do a bit of both (which imho is probably the best option).

[newracer]