How Leveraged are You?
(Orangutan, 266
Points)
on 6/6/12 at 5:00am
I started thinking about this when I was on the phone today with a Wells Fargo student loan officer trying to get a new loan for summer school, books, new laptop, and my apartment for the fall. Just how leveraged are you monkeys?
Do you monkeys still have student loan debts? What about your cars and possible mortgages? And how many of you have a lot of debt on credit cards (from all those models and bottles, of course)?
As of right now, I'm pretty leveraged.
- Credit Cards: ~$1000. This includes $300 in textbooks, a GoPro HDHero2, and the past month of nights at the bar.
- Federal Student Loans: I will graduate in December with something like $25,000 in federal loans. My parents will end up with ~$80,000 in federal plus loans. Despite graduating a semester early, paying out-of-state tuition for a name brand state school still kills the wallet.
- Private Student Loans: $12,000. This covered $6500 while I was studying in Europe. About half of the $6500 is for three weekend snowboard trips to the Alps, a weekend in the Pyrenees, and my spring break shredding in Chamonix. The remaining $5500 is the loan I just applied for to cover summer school, fall apartment, and some safety money for after graduation.
Oh and, I only have ~$1000 in the bank.
How deep are you?







0 state school and parents i
0 state school and parents i can get leveraged in my broker acct 10:1 though
j/p 5:1 bc they don't trust
j/p 5:1 bc they don't trust me
Current debt load is about
Current debt load is about 65% of Personal GDP right now.
"The power of accurate observation is commonly called cynicism by those who have not got it." - George Bernard Shaw
$0
$0
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0.... parents, state school,
0.... parents, state school, and not studying abroad
my D:A is around 9 percent
my D:A is around 9 percent right now
I need a crib, a big estate, I need a boat and that need a lake, I need some salmon that need a plate, that need a chef so I feed my safe
From trading equities to slanging wine in Latin America
A ship is safe in harbor, but that is not what a ship i
$50 in my checking after the
$50 in my checking after the rent check clears
$2400 in CC debt
~$12,000 in student loans
~$12,000 in student loans plus the $35k I'm gonna pay my parents back for the MSF tuition. No CC debt and a 750 credit score.
My name is Nicky, but you can call me Dre.
0, paid for school playing
0, paid for school playing sports and I don't have any other debt to speak of. Might buy a car (even though I live in Hoboken) just to start building credit.
(No subject)
0
20k for school and 1k CC.
20k for school and 1k CC. About 10% of what I own. Plow everything into my 'F*** you'-fund because I locked in my student loans for 10 years @ 3.79%. No need to pay extra right now before I'm liquid like Aquaman.
CNBC sucks
"This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up
0. The fiancee has her car
0. The fiancee has her car financed and <1000 in Credit cards, which she should clear in a pay check though.
~15k left on student
~15k left on student loans
~2k on credit cards
~10k my my account
I need a better paying job..
0. cuz Canadian university is
0. cuz Canadian university is pretty darn cheap.
Don't know why the people in Quebec are protesting for cheaper tuition right now :/
they even have one of the cheapest tuition in Canada...
About 2x leveraged although
About 2x leveraged although here in the UK we don't have to pay our student loans back like any traditional debt, it just comes out of our income once we earn over x amount per annum so I wouldn't really consider that any pressing form of debt.
See my other WSO blog posts>
0 ... it's been years since I
relinquis... Killing the GMAT this December; Over/Under set at: 725 GMATs.
0. ~13k in a Roth ~35k in a
0.. parents + state school +
Like 5% approximately, all
About 7:1, all mortgage debt.
7k for my DUI
slotmouth: I leveraged up in
My WSO Blog
"Unbelievably Believable" -- RG3
3:1
YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...
15k car loan. I paid off my
1x. student loans :-/
$35k car loan to build
I was taught that the human brain was the crowning glory of evolution so far, but I think it's a very poor scheme for survival.
To the tits bro
how many of you are paying a
$0: State School+Parents
0 on anything. I only view
Contact: [email protected]
See my other blog posts
0 student loans. I put all of
"Well make more fuckin' money. This is America. You don't make money, then you're a fuckin' douchebag." - Mr. French
Sorry, forgot to mention that
My WSO Blog
"Unbelievably Believable" -- RG3
MBA on full scholarship +
I am wise because I know that I know nothing -Socrates
$4000 on personal credit
$0, work and scholarships pay
Damn you Rodger!
My WSO Blog
I'm currently levered .5x
"Live as if you were to die tomorrow, learn as if you were to live forever."
$25k student loans
BiotechBanker: I'm currently
I was taught that the human brain was the crowning glory of evolution so far, but I think it's a very poor scheme for survival.
Consistently around 1k in
"Accept no one's definition of your life; define yourself."
Currently: quantitative marketing/business development
Previously: management consulting, investment banking
~20%. Soaking up those REIT
21 Lives: slotmouth: I
Penn State... a 'name-brand'