# If you sold everything and paid off debt, would you be + or -
**URL:** https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141
**Category:** NYSpeed Off Topic
**Created:** [May 9, 2008, 5:36am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141 "2008-05-09T05:36:51Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@BluBalls](https://forums.speedlife.net/u/BluBalls)
#### Post date: [May 9, 2008, 5:36am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/1 "2008-05-09T05:36:51Z")
don’t forget Student loans, car loans, mortgages and $$$ you owe your mom 🙂
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### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [May 9, 2008, 5:39am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/2 "2008-05-09T05:39:47Z")
My net worth = :lol:
Lets see, I could sell the truck for what I owe, sell the house for more than I owe. The net income from the house would pay off my bookie, which leaves the wife and I with our student loans. Then we’ve got that account in the Cayment Islands.
Yeah our net worth is actually positive. Which is pretty good considering we’re in our mid-20’s and have a fuckload of student loans.
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### Author:  [@ieatpaint](https://forums.speedlife.net/u/ieatpaint)
#### Post date: [May 9, 2008, 5:40am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/3 "2008-05-09T05:40:42Z")
probably up roughly 8k. but ive only got 6k in debt.
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### Author:  [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)
#### Post date: [May 9, 2008, 5:41am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/4 "2008-05-09T05:41:50Z")
Including trust funds?
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### Author:  [@sureshot](https://forums.speedlife.net/u/sureshot)
#### Post date: [May 9, 2008, 5:42am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/5 "2008-05-09T05:42:08Z")
student loans pwn me.
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### Author:  [@SkunkApe](https://forums.speedlife.net/u/SkunkApe)
#### Post date: [May 9, 2008, 5:45am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/6 "2008-05-09T05:45:20Z")
> [@sureshot!](#):
>
> student loans pwn me.
qft
and car loans ☹
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### Author:  [@Adictd2b00st](https://forums.speedlife.net/u/Adictd2b00st)
#### Post date: [May 9, 2008, 5:55am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/7 "2008-05-09T05:55:08Z")
actually, yes, i would be in the +
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### Author:  [@BluBalls](https://forums.speedlife.net/u/BluBalls)
#### Post date: [May 9, 2008, 5:55am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/8 "2008-05-09T05:55:26Z")
tust funds count.
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### Author:  [@Paulo](https://forums.speedlife.net/u/Paulo)
#### Post date: [May 9, 2008, 5:55am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/9 "2008-05-09T05:55:55Z")
> [@sureshot!](#):
>
> student loans pwn me.
ugh. x3 on that.
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### Author:  [@BluBalls](https://forums.speedlife.net/u/BluBalls)
#### Post date: [May 9, 2008, 5:58am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/10 "2008-05-09T05:58:21Z")
I’d be +
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### Author:  [@Viper966](https://forums.speedlife.net/u/Viper966)
#### Post date: [May 9, 2008, 6:01am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/11 "2008-05-09T06:01:56Z")
- but BARELY… my car has a bunch of equity into it that can cancel out my student loans… misc crap could cancel CC debt, and i havnt closed on the house yet… but when i did, i could probably turn around and sell it for a SMALL proffitt… but not enought to cover points+ Real Estate commision /taxes i suppose
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### Author:  [@Johnnyv412](https://forums.speedlife.net/u/Johnnyv412)
#### Post date: [May 9, 2008, 6:19am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/12 "2008-05-09T06:19:23Z")
Id be plus. I owe student loans but its \<5000 now, a couple credit cards in the 300 range. But my bike was bought in cash (kbb 64000) could pay off all my debt. My e36 is payed off but my e46 is not, but its worth more than I owe. Other than that, I mean tv’s tools, furniture, etc etc. Id def be in the positive…
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [May 9, 2008, 6:22am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/13 "2008-05-09T06:22:54Z")
+.
Not by as much as i’d like. But I guess thats always the case.
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### Author:  [@StairSRT4](https://forums.speedlife.net/u/StairSRT4)
#### Post date: [May 9, 2008, 6:27am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/14 "2008-05-09T06:27:20Z")
I’d be in the positive about 12k
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### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [May 9, 2008, 6:36am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/15 "2008-05-09T06:36:36Z")
I’d be in the + but not nearly as much as I’d like.
The house kills me because I’ve only had it 6 years. I have equity in it, but not a lot. Give me 10 years and if I don’t do stupid things I should be way +.
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### Author:  [@boxxa](https://forums.speedlife.net/u/boxxa)
#### Post date: [May 9, 2008, 6:37am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/16 "2008-05-09T06:37:28Z")
Kind of a tough question. They always say something is worth only as much as someone will pay for it.
If I sold everything I own tho for what I bought it for, I would be way - since I am only out of school since January
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### Author:  [@BigRon](https://forums.speedlife.net/u/BigRon)
#### Post date: [May 9, 2008, 6:48am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/17 "2008-05-09T06:48:15Z")
I have 0 loans and a credit card I pay off once a month.
My 2 major investments are my MBA (done and paid for) and my V (paid as of the first of the year)l. I will have plenty of debit once I get a house, but I don’t plan on going upside down on that.
Everything else is very liquid in stocks, bonds and money market accounts.
So +
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### Author:  [@Minglor](https://forums.speedlife.net/u/Minglor)
#### Post date: [May 9, 2008, 6:50am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/18 "2008-05-09T06:50:49Z")
hahah.
No morgage.
No Student loans.
No car payments.
+.
Don’t worry soon as I find what I am looking for I will turn that into a huge fucking negative
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### Author:  [@66impalass](https://forums.speedlife.net/u/66impalass)
#### Post date: [May 9, 2008, 6:55am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/19 "2008-05-09T06:55:34Z")
about $15k up on my car
$20k in home audio equipment
$27k for my impala
minus about student loan ($23,475)
No CC debt anymore.
No mortgage as of yet
so I would be up
$38.5k
This isn’t including 401k and money in the market, right?
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### Author:  [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)
#### Post date: [May 9, 2008, 7:01am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/20 "2008-05-09T07:01:16Z")
> [@BluBalls"](#):
>
> don’t forget Student loans, car loans, mortgages and $$$ you owe your mom 🙂
I have none of the above. I’m sure I will soon though.
For now I am in the positive
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