Thread: What is Your D-to-I Ratio?

3%, paying of the Mrs' car loan as I refused to pay cash outright. Call me a stingy bstr'd.

Agree with Sir Burr, my loathing for debt means I have very few assets, which isn't a good thing.

I am naturally averse to borrowing too.

I used to think this was a mark of sound personal fiscal policy but it seems the more money you borrow the richer you get.

Damn, I wish I'd studied economics.

Originally Posted by Sir Burr

^^
I wish I could be like that.
You really can't get filthy rich without borrowing money, which I refuse to do.

Yep with very few exceptions you can only ever make it using other peoples' money.

Been debt-free for some 15 years.

14%
I agree never t o buy a car for cash unless it's a really good second hand deal. The car loans here are only 2% really cheap, and I get more 6% from my bank on a term savings account.
CMN have you tried the agricultural bank? ANd the GovernmentHouseing Bank, you might like to get you wife do it on her own.
My wife did this with our current house, to prove she had an income she took photos standing behind a vegie stall at the local market - I kid you not.
Mind you she only borrowed 400,000 on a 1.5 m house, so I suppose they thought no problems.

Why the stigma of selling the old home?

I would be interested in a cheap block with or without a house to use as a holiday place and plant some more teak trees on- you don't have anything like that I suppose?

Originally Posted by MeMock

I just lent a stack to my brother and he is paying me 8.5%

Usury (and he's family forgawdssake)

Paid cash for house, car and moto. No credit card debt.

Estimated monthly expenses
Electric: 2,000 - 4,000
Water: 150-300
UBC: 2,000
Diesel gasoline: 3,000
Phone cards: 600
Food: 20,000
Beer: 10,000

Don't plan on buying jetskis, a yacht, his & hers quad bikes or a pony. I come from the Sir Burr School of family finances -- If I can't pay cash, I don't want it. Sorry Milky, I destroy your tidy little stereotype about fiscal discipline.