How Much is Too Much?

simba
Tue, 03 Apr 2007 15:16:01 +0000

Following is what sybbie posted to some one asking similar advice.

Starting out at 22 years old having to pay off 6 figure debt drastically limit your life choices, as others stated,

there will be no first apartment (you won’t make enough to pay rent and the loan)

no new cars (you won’t make enough for the loan, car and insurance payments),

no vacation

no professional school (as some law medical schools tell you off the bat to make sure you are credit worthy, because there will be loans as part of your package. If you are not eligible for loans, you cannot attend)

maybe limited relationship prospects, because very few people are going to want to carry you and your pal- DEBT.

the one great thing about dreams are you can always dream new ones. Dream a new dream!!

Think young man…low debt peace of mind. High debt problems.