# How Deep Are You In: $how Me The Money
**URL:** https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175
**Category:** Shift518 Off Topic
**Created:** [September 29, 2009, 5:55am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175 "2009-09-29T05:55:11Z")
**Posts on this page:** 20
**Page:** 3
### Author:  [@OsoiNA6](https://forums.speedlife.net/u/OsoiNA6)
#### Post date: [September 29, 2009, 8:13am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/41 "2009-09-29T08:13:54Z")
> [@Why did Ford Lose 12 BILLION dollars](https://forums.speedlife.net/t/why-did-ford-lose-12-billion-dollars/23693/22):
>
> I just like playing devils advocate.
>
> In this case your OP was to find out what ratio of a persons income was put into their car based on a one year income level.
>
> In my case I am stating that by adding one extra math step you get an actual semi-accurate result rather than one that is light-years away from even being close.
>
> Shame on me for not wanting to take a test in which I answer all questions correctly but only get a score of 35.
Your conclusion that adding one math step gets a more accurate result is not valid in each case, so to make that generalization is not accurate.
Why don’t you make another thread with your detailed analysis and calculations, see how many people answer it, then we compare notes?
If you don’t want to answer the question because you feel it’s all inaccurate and a waste of your time, that’s fine I have no issues with that.
But claiming to have a superior method while knocking others down in a condescending manner- well not many people appreciate that.
---
### Author:  [@99FRC](https://forums.speedlife.net/u/99FRC)
#### Post date: [September 29, 2009, 8:15am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/42 "2009-09-29T08:15:21Z")
> [@SIQQQ FBODY MOVIE](https://forums.speedlife.net/t/siqqq-fbody-movie/23710/8):
>
> how do you calculate debt to income when you have a mortgage? isn’t it all debt. lol
Debt to income is not based on total debt vs. income. It is based on what a consumer spends monthly.
ex:
You spend $1500 in the month on just your debts, car, house, CC bills, etc.
You make $4000 in monthly income.
Your DTI is 38%, which is acceptable.
---
### Author:  [@99FRC](https://forums.speedlife.net/u/99FRC)
#### Post date: [September 29, 2009, 8:18am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/43 "2009-09-29T08:18:57Z")
> [@what a waste of a good car!!!](https://forums.speedlife.net/t/what-a-waste-of-a-good-car/23711/3):
>
> Your conclusion that adding one math step gets a more accurate result is not valid in each case, so to make that generalization is not accurate.
>
> Why don’t you make another thread with your detailed analysis and calculations, see how many people answer it, then we compare notes?
>
> If you don’t want to answer the question because you feel it’s all inaccurate and a waste of your time, that’s fine I have no issues with that.
>
> But claiming to have a superior method while knocking others down in a condescending manner- well not many people appreciate that.
Actually my method is superior to the OP method because it is more accurate. AND not once was I condescending regarding this equation. All I did was to post that it won’t work because it is not a valid equation. And I am not the one getting butthurt over it.
And honestly, since I made it known that your OP was not a valid one, I haven’t seen another person use it. People like accuracy, including myself.
---
### Author:  [@Ilya](https://forums.speedlife.net/u/Ilya)
#### Post date: [September 29, 2009, 8:20am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/44 "2009-09-29T08:20:52Z")
> [@My 1968 Mustang Fastback (now Satin Black).](https://forums.speedlife.net/t/my-1968-mustang-fastback-now-satin-black/23335/20):
>
> Debt to income is not based on total debt vs. income. It is based on what a consumer spends monthly.
>
> ex:
>
> You spend $1500 in the month on just your debts, car, house, CC bills, etc.
> You make $4000 in monthly income.
>
> Your DTI is 38%, which is acceptable.
My DTI is 9% according to the google calculator I just used. I don’t pay rent or mortgage (parents refuse to accept it), I have no car loans, I only have 11k of school and CC debt. Boy do I hate CC’s. Once I pay em all off, I’m keeping one to maintain good credit (buy gas and such) and then cutting up the rest. CC’s are the devil!
---
### Author:  [@indy440](https://forums.speedlife.net/u/indy440)
#### Post date: [September 29, 2009, 8:21am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/45 "2009-09-29T08:21:40Z")
Are things to keep the house functioning part of the above formula? For example, electricity and water and heat?
what about things like cable, phone, internet? Should they be included in that 35% number?
I’m curious about this stuff.
---
### Author:  [@OsoiNA6](https://forums.speedlife.net/u/OsoiNA6)
#### Post date: [September 29, 2009, 8:23am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/46 "2009-09-29T08:23:11Z")
> [@The Best shave of your life...](https://forums.speedlife.net/t/the-best-shave-of-your-life/23661/45):
>
> Actually my method is superior to the OP method because it is more accurate. AND not once was I condescending regarding this equation. All I did was to post that it won’t work because it is not a valid equation. And I am not the one getting butthurt over it.
>
> And honestly, since I made it known that your OP was not a valid one, I haven’t seen another person use it. People like accuracy, including myself.
(yawn)
You done yet?
Did you miss the part where you said the entire thread is pointless?
'cause that really hurt my feelings…
---
### Author:  [@99FRC](https://forums.speedlife.net/u/99FRC)
#### Post date: [September 29, 2009, 8:23am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/47 "2009-09-29T08:23:37Z")
> [@omfg! massive brawl!!!!!!!](https://forums.speedlife.net/t/omfg-massive-brawl/23712/5):
>
> My DTI is 9% according to the google calculator I just used. I don’t pay rent or mortgage (parents refuse to accept it), I have no car loans, I only have 11k of school and CC debt. Boy do I hate CC’s. Once I pay em all off, I’m keeping one to maintain good credit (buy gas and such) and then cutting up the rest. CC’s are the devil!
Having one major CC is good for you, using it wisely as you have stated.
Personally, I would keep 3 cards, with open credit lines. Use each one to make a $25 or more purchase every month to keep the account active and pay off the total amount next billing cycle. That will help a lot in maintaining a good score. Going down to just one CC could hurt you in the long run.
---
### Author:  [@99FRC](https://forums.speedlife.net/u/99FRC)
#### Post date: [September 29, 2009, 8:24am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/48 "2009-09-29T08:24:38Z")
> [@what a waste of a good car!!!](https://forums.speedlife.net/t/what-a-waste-of-a-good-car/23711/4):
>
> Are things to keep the house functioning part of the above formula? For example, electricity and water and heat?
>
> what about things like cable, phone, internet? Should they be included in that 35% number?
>
> I’m curious about this stuff.
No because they are not debt. Now you are talking about Expense-to-Income Ratio. Which is different that DTI.
---
### Author:  [@OsoiNA6](https://forums.speedlife.net/u/OsoiNA6)
#### Post date: [September 29, 2009, 8:25am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/49 "2009-09-29T08:25:33Z")
Mods- Suze Orman has taken over my thread, HELP!!!
:rofl
---
### Author:  [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)
#### Post date: [September 29, 2009, 8:28am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/50 "2009-09-29T08:28:42Z")
At one point, I had a credit card debt of like $35K Travis Style#(%$@#
---
### Author:  [@indy440](https://forums.speedlife.net/u/indy440)
#### Post date: [September 29, 2009, 8:29am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/51 "2009-09-29T08:29:59Z")
> [@HelloooooEverybody!!!](https://forums.speedlife.net/t/helloooooeverybody/23677/15):
>
> No because they are not debt. Now you are talking about Expense-to-Income Ratio. Which is different that DTI.
yep, I see that now after doing some google searching. I should really talk to a financial planner/adviser so I have a better grasp on this stuff and try to make the most of my savings…
---
### Author:  [@Wayne64SS](https://forums.speedlife.net/u/Wayne64SS)
#### Post date: [September 29, 2009, 8:32am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/52 "2009-09-29T08:32:36Z")
.36 DTI!!! WIN!
---
### Author:  [@kramerbuccs24](https://forums.speedlife.net/u/kramerbuccs24)
#### Post date: [September 29, 2009, 8:38am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/53 "2009-09-29T08:38:11Z")
my goal is to NEVER be in significant credit card debt. i dont think i ever will be (voluntarily) because i HATE owing money to anyone or anything, just stresses me out.
just realized this is OT but all this CC debt talk is reminding me lol
---
### Author:  [@Ilya](https://forums.speedlife.net/u/Ilya)
#### Post date: [September 29, 2009, 8:44am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/54 "2009-09-29T08:44:33Z")
Yeah. Stay away. Do not want!
I’ve been focusing a lot on my finances lately. I’m trying to pay everything off ASAP.
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### Author:  [@OsoiNA6](https://forums.speedlife.net/u/OsoiNA6)
#### Post date: [September 29, 2009, 8:57am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/55 "2009-09-29T08:57:30Z")
> [@omfg! massive brawl!!!!!!!](https://forums.speedlife.net/t/omfg-massive-brawl/23712/5):
>
> My DTI is 9% according to the google calculator I just used. I don’t pay rent or mortgage (parents refuse to accept it), I have no car loans, I only have 11k of school and CC debt. Boy do I hate CC’s. Once I pay em all off, I’m keeping one to maintain good credit (buy gas and such) and then cutting up the rest. CC’s are the devil!
When you get to the point where you can “cut up the rest”- don’t forget that length of credit history is a factor too in your credit score, so closing accounts for cards with a long history may not be as helpful to your credit score than keeping them open and just using them once in awhile.
---
### Author:  [@d\_gage](https://forums.speedlife.net/u/d_gage)
#### Post date: [September 29, 2009, 9:16am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/56 "2009-09-29T09:16:37Z")
i just paid a $2.08 cc bill last month, those bitches wouldn’t even let me make a minimum payment…pissed i was
---
### Author:  [@Alpine](https://forums.speedlife.net/u/Alpine)
#### Post date: [September 29, 2009, 9:19am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/57 "2009-09-29T09:19:55Z")
C
Why are you going by value, though? Some of us don’t owe anything on their cars and/or make enough to buy more expensive cars than others. It should be based on how much in debt you are on your vehicles, not necessarily how much each vehicle is worth.
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### Author:  [@JRubino](https://forums.speedlife.net/u/JRubino)
#### Post date: [September 29, 2009, 9:22am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/58 "2009-09-29T09:22:08Z")
I’ve never been in significant credit card debt. I’ve had credit card debt though before. Buy a house and i’m sure almost everyone will run into a little debt.
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### Author:  [@Boost\_Creep](https://forums.speedlife.net/u/Boost_Creep)
#### Post date: [September 29, 2009, 9:36am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/59 "2009-09-29T09:36:56Z")
Think I read the formula wrong.
Cant wait till the renters jump in here and saying owning a home is a bad investment. :rofl
---
### Author:  [@d\_gage](https://forums.speedlife.net/u/d_gage)
#### Post date: [September 29, 2009, 9:39am UTC](https://forums.speedlife.net/t/how-deep-are-you-in-how-me-the-money/247175/60 "2009-09-29T09:39:22Z")
> [@what a waste of a good car!!!](https://forums.speedlife.net/t/what-a-waste-of-a-good-car/23711/15):
>
> Think I read the formula wrong.
>
> Cant wait till the renters jump in here and saying owning a home is a bad investment. :rofl
\<— Renter here, my wife and I aren’t ready for a house yet although my rent is pretty close to a mortgage…
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