In Debt We Trust Trailer

[ghsty9]

Now the question is, are we too far in the hole to get out?

[HarvardBoxer]

EAT THE RICH

[cyberbabano1]

Learn seven more ways? to get out of debt for Canadians at... canadadebtconsolidationnow com

[inkey2]

I learned this from my parents who grew up in the great depression. My dads father died in the 1918 flu pandemic (he was only 27 years old and my dad 2 years old)....this threw the family into deep poverty, my mother had to sleep 3 kids to a bed to keep warm and did not see indoor plumbing till she was a teenager. These people really new how to save money once they had the income to make it.

[inkey2]

people are in debt today because...THEY WANT TOO MUCH....a nice car, a second car, cable TV, a nice home they can't really afford, too many children. I drive a 15 year old car that I care for like a baby, I live in a tiny 700 sq foot condo that is "paid off", my wife walks a mile to the train station and commutes to work....the pay off?....we have $60,000 in CASH in the bank & not a financial care in the world. REMEMBER....there is a big difference between what you "want" and what you "need".

[JackingtonKensington]

Congradulations good sir A+

[killintymm]

fantastic. but kids are spoilt from a young age. they watch hip hop etc lured into easy money. please spread the message. we need more people like you.

[Heropsychodream]

Indeed. Consumption is still too high and we will continue to sell our future to China if we don't slow down.

You posted this a year ago, how are you doing now?

[inkey2]

to Heropsychodream; as to your question "how am i doing now a year later?". Well.....my wife lost her job of 15 years to a massive lay off. Again....the "pay off" to saving money....I told her "no sweat, we have enought cash for 2 years". Fortunately she found another job w/in 2 months, 6 train stops "closer" to home. People have to realize that "happiness" is not buying tons of stuff.....it is being debt free and the feeling of comfort and safety it gives you.

[Heropsychodream]

Great story! Thanks for the response!

If you have $60000, what assets do you have it invested in?

[inkey2]

To Heropsychodream: .45,000 cash, 15,000 in circulated 1964, 90% silver, JFK half dollars. I do not dare invest the cash in any funds or the market.....at the moment

[pkidro]

@inkey2 i think the biggest problem is student loan, that's the ultimate dept. you're right, alot of idiots buy cars they should'nt, iam a car salesman, and i had a guy with some shitty credit, put 10 K down on a bmw 645 and financed like 25K with 24.99 %APR. i get some kids that just got outta college that think they can drive BMWs, our banks won't let them have it so they end up going to a different dealer that finance thier own cars, and that's the ultimate rape

[mpbaker22]

@inkey2 funny that you think $60,000 in cash is a lot. I have over 1/4 of that and I'm still in college without having a full time job in my life yet.

[inkey2]

@mpbaker22 yeah, well it will look like a hell of alot of money to you when you start paying rent and health insurance you are just an ignorant embryo filled with the arrogance of youth. keep in mind i have a "paid off" condo worth 350,000 in the boston suburbs.....i am not going to call you an idiot yet because you are too young,,,,,,,,you are just plain ignorant

[mpbaker22]

@inkey2 Point is that $60,000 is hardly nothing. Are you implying that I live in a dumpster? or is rent just free for college students in boston these days? Maybe the rent's too damn high guy is in boston now? Your comment is so full of asshole comments that don't make any sense, I'm not sure why I am bothering to respond

[KhmerD0g]

beginning music is like porn

[waverly2468]

Looks like this colossal run-up in debt has gone into supernova ( the Dow Jones closed at 8450 this week--a 40% drop from its high one year ago.) Now all of the debt that people owe and can't pay back is everybody's problem. Thanks a lot, Oprah, for telling people to go to college (and get into debt with student loans).

[urumbrella]

Wonderful trailer!