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Is it really that hard to erase $70K in debt on that kind of income? Some of the comments at the bottom are ridiculous, I didn't go through them all, but two really stood out:
"Anyone can erase $70K worth of debt, even on an income of $25K/yr."
"If you want to make $140K a year all you need to do is try harder. It's easy, anyone can do it."
I think that what they did was admirable and that they have the right idea to eliminate debt at a young age. However, I don't think their situation is typical of most 29 year olds.
I think that what they did was admirable and that they have the right idea to eliminate debt at a young age. However, I don't think their situation is typical of most 29 year olds.
Yeah, I think maybe as many as 15 or 20% of people that age might have that amount of debt, but only 1% of people that age make that kind of income.
If I was a radiologist and my first job paid $220,000/yr and was later able to contribute $250,000/yr into my retirement plan, I'd be able to stash $1 million in savings too!
Yahoo Finance is coo coo for cocoa puffs. I don't know what these editors are smoking.
I thnik that the premise of two income and living on one to bulid wealth works;we did it for five years. I also know people who did it to buy their first home.Its just hard to do on 25K for sure. Once in debt for 40K plus interest its really hard to do.
Just go to the gym.
Tight butts get rich husbands. A man will marry the best looking woman he can afford.
Or if you're like me, you'll marry the cheerleader with rich parents (although, we're not married, but been dating for several years).
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