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Money and Finances
Reply to "Do you downplay your wealth? A social discussion NOT a money discussion..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm not flashy but people aren't dumb and can clearly add things up in their head. The fact that I'm a SAHM, the fact have 4 kids, well-dressed, location of house etc etc.[/quote] Lots of people like you - perhaps most - are loaded down with debt. They are one job loss away from serious trouble. A high net worth is different. [/quote] +1. My first thought would be "you are loaded down with debt." [/quote] +3 [/quote] I don't understand this. You can't pay for a lot of things with debt.[/quote] What can't you pay for?[/quote] DP here. I think that poster means eventually your debt ratio would get too high and companies would stop issuing credit. Eventually you would need to pay down the debt to keep spending.[/quote]
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