Money Magazine: "How do you stack up?" - Page 2 - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

hyrum · 01-02-2007, 09:30 PM

I guess I am doing better than avg in my class in financial assests, I believe my "secret" is to keep the debt burden low, now less than 10% (payments/net inc), all in a 15-yr fixed-rate mortgage.

I am the one in the househould always wanting to build financial assets, hoping to have a comfortable retirement and cushion to weather any career changes, while my wife wants to spend now; ergo I control the bulk of the cash flow. She'll occasionally mention friends of her family who fastidiously saved throughout their career, and the husband died of a heart attack soon after their dream retirement began.

kccougar · 03-23-2007, 02:41 PM

Keep in mind that the figures for credit card debt include whatever balance you might have in a given month, even if you pay it off. Meaning - I charge $3k to $4k every month on my credit card. Even though I pay the balance in full, my reported credit card debt would be $3k - $4k.

01-02-2007, 09:30 PM	#11
hyrum Senior Member Join Date: Jul 2006 Posts: 860	eschew debt I guess I am doing better than avg in my class in financial assests, I believe my "secret" is to keep the debt burden low, now less than 10% (payments/net inc), all in a 15-yr fixed-rate mortgage. I am the one in the househould always wanting to build financial assets, hoping to have a comfortable retirement and cushion to weather any career changes, while my wife wants to spend now; ergo I control the bulk of the cash flow. She'll occasionally mention friends of her family who fastidiously saved throughout their career, and the husband died of a heart attack soon after their dream retirement began.

03-23-2007, 02:41 PM	#12
kccougar Junior Member Join Date: May 2006 Posts: 4	With regard to credit card debt Keep in mind that the figures for credit card debt include whatever balance you might have in a given month, even if you pay it off. Meaning - I charge $3k to $4k every month on my credit card. Even though I pay the balance in full, my reported credit card debt would be $3k - $4k.