Reply to How much college debt does your kid anticipate?

Forum Index » College and University Discussion

Reply to "How much college debt does your kid anticipate?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think we're a responsible family but we have a totally different viewpoint to debt...no mortgage, no car loans, no credit card balances and no college loans.  I have no interest in DC being an expert in debt management just cash flow management and savings.  We are working on grad school as a family team although it would be lovely if that were employer paid![/quote]

I'm the moral cudgeling PP above and think this is a fine approach too. But I own a business (actually owned, sold it in December--yea!) and that probably has informed why I make a distinction between debt as a powerful leverage tool for appreciating assets/opportunities (real estate, capital investments, education) that increase your wealth.  Thus I'm fine with student loans, mortgages  but have never had a car loan nor carry a credit card balance.  My son seems to lean entrepreneurial too so I think he'll benefit from this nuanced view of debt.  But if you're not a business owner or a CFO it's probably safer to have your approach.[/quote]

We also own a business and have investment property but treat that and debt positioning differently than personal funds.  Probably due to my need to bucket risk differently from non-UMC years.  Drives my spouse crazy at times but it's what got us successfully through lean cash flow times.  I also could not bear breaking my word about education funding.  Congrats on selling your business.  Hope that means living the dream![/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics