# If you sold everything and paid off debt, would you be + or - **URL:** \ **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:** 3
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [May 9, 2008, 8:33am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/41 "2008-05-09T08:33:32Z")
> [@sureshot!](#): > > With the poll added, I think a lot of people are lying. I mean school loans! WTF! Did all of you assholes go to ECC for a year or something? UGHHH!!! its a private poll, numbnuts. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [May 9, 2008, 8:34am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/42 "2008-05-09T08:34:57Z")
> [@walter](#): > > I do find it ironic that people that say “if I sold my car I’d be positive” are ragging on others for their financial choices. QFmotherfuckingT ---
**Author:** ![JoesTypeS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joestypes/32/7190_2.png) [@JoesTypeS](https://forums.speedlife.net/u/JoesTypeS)\ **Post date:** [May 9, 2008, 8:38am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/43 "2008-05-09T08:38:31Z")
+, by a lot. I have almost no debt right now, just the house. Break even or small loss and i’m still way in the black ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [May 9, 2008, 8:38am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/44 "2008-05-09T08:38:57Z")
> [@walter](#): > > No, I didn’t graduate last year, and don’t make $50k/yr :walter: > > But to your point, I bet a big part of it is people thinking they’d sell their car for quite a bit more than it would actually go for. All those mods add up! > [@Nikuk](#): > > its a private poll, numbnuts. True, but you wouldn’t believe the insecurities a lot of people have when it comes to finances etc. Lying to yourself helps ease the blow of responsibility and commitment, remember? ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [May 9, 2008, 9:00am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/45 "2008-05-09T09:00:02Z")
lol. i suppose. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [May 9, 2008, 9:03am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/46 "2008-05-09T09:03:11Z")
this week I’m probably plus $40k, as of next wednesday I’ll be minus \> $100k. ---
**Author:** ![MPD47](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mpd47/32/7383_2.png) [@MPD47](https://forums.speedlife.net/u/MPD47)\ **Post date:** [May 9, 2008, 9:12am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/47 "2008-05-09T09:12:27Z")
No loans FTW. ---
**Author:** ![psphinx81](https://avatars.discourse-cdn.com/v4/letter/p/e9a140/32.png) [@psphinx81](https://forums.speedlife.net/u/psphinx81)\ **Post date:** [May 9, 2008, 9:29am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/48 "2008-05-09T09:29:58Z")
id be rich ---
**Author:** ![Tevenor](https://avatars.discourse-cdn.com/v4/letter/t/8baadc/32.png) [@Tevenor](https://forums.speedlife.net/u/Tevenor)\ **Post date:** [May 9, 2008, 9:34am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/49 "2008-05-09T09:34:50Z")
If I hadn’t gotten into racing and building cars I’d be **less** poor. ---
**Author:** ![91MR2](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/91mr2/32/7217_2.png) [@91MR2](https://forums.speedlife.net/u/91MR2)\ **Post date:** [May 9, 2008, 9:35am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/50 "2008-05-09T09:35:38Z")
Edit: I don’t owe much anywhere. ---
**Author:** ![STEALTTH](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/stealtth/32/7582_2.png) [@STEALTTH](https://forums.speedlife.net/u/STEALTTH)\ **Post date:** [May 9, 2008, 9:44am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/51 "2008-05-09T09:44:37Z")
My only debt is student loans and car. I could sell the car and be in the + But the school loans would keep me in the - anyway ☹ ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [May 9, 2008, 9:49am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/52 "2008-05-09T09:49:00Z")
^ Then the ultimate answer is - :fyi: ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [May 9, 2008, 10:04am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/53 "2008-05-09T10:04:48Z")
> [@theblue](#): > > this week I’m probably plus $40k, as of next wednesday I’ll be minus \> $100k. that wasn’t the question, if you sold everything, meaning the house you buying to send you currently into a negative state on your assets/liabilities reconciliation… as the question is worded, you’d sell it back at FMV, and if you are saying you are +$40k now (meaning assets-liabilities) then you’d still be plus. ---
**Author:** ![STEALTTH](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/stealtth/32/7582_2.png) [@STEALTTH](https://forums.speedlife.net/u/STEALTTH)\ **Post date:** [May 9, 2008, 10:20am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/54 "2008-05-09T10:20:19Z")
> [@Nikuk](#): > > ^ Then the ultimate answer is - > > :fyi: Thanks for Reiterating what I said :squint: ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [May 9, 2008, 10:21am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/55 "2008-05-09T10:21:03Z")
> [@STEALTTH](#): > > Thanks for Reiterating what I said :squint: no prob. Just wanted to make sure that youweren’t trying to fool yourself. 🙂 ---
**Author:** ![9ONA3OOZX](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/9ona3oozx/32/7242_2.png) [@9ONA3OOZX](https://forums.speedlife.net/u/9ONA3OOZX)\ **Post date:** [May 9, 2008, 10:23am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/56 "2008-05-09T10:23:22Z")
i was going to say i’d be way positive until i read the words “student loans” but, when i consider money i have put away from passed grandparents that they intended for me to use on a down payment on a house when i graduate…i still think i’d be a bit positive if i used that money to pay off all student loans. i took out a small personal loan to get all the swap shit done on the Z, and for extra repairs i knew it would need immediately following the swap…and that’ll be paid off within a couple months (which is a great feeling)… ---
**Author:** ![STEALTTH](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/stealtth/32/7582_2.png) [@STEALTTH](https://forums.speedlife.net/u/STEALTTH)\ **Post date:** [May 9, 2008, 10:39am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/57 "2008-05-09T10:39:40Z")
> [@Nikuk](#): > > no prob. Just wanted to make sure that youweren’t trying to fool yourself. > > 🙂 Try as I might,I can’t seem to shake the reality of it all:tantrum: ---
**Author:** ![Bacon](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bacon/32/7230_2.png) [@Bacon](https://forums.speedlife.net/u/Bacon)\ **Post date:** [May 9, 2008, 12:03pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/58 "2008-05-09T12:03:42Z")
- ---
**Author:** ![Karter](https://avatars.discourse-cdn.com/v4/letter/k/e480ec/32.png) [@Karter](https://forums.speedlife.net/u/Karter)\ **Post date:** [May 9, 2008, 12:12pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/59 "2008-05-09T12:12:18Z")
I don’t have a debt, because I never borrowed money to pay for stuff I couldn’t afford. So If I sold everything I’d be very far in the + ---
**Author:** ![Syclone11](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/syclone11/32/7300_2.png) [@Syclone11](https://forums.speedlife.net/u/Syclone11)\ **Post date:** [May 9, 2008, 12:31pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/60 "2008-05-09T12:31:00Z")
I’d be + after selling my house, cars, businesses, etc. I am almost in the black now if it wasn’t for my mortgage, but I do have about 60k of positive equity in my house so technically I am in the black! [Previous page](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141.md?page=2) [Next page](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141.md?page=4)