# 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:** 4
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [May 9, 2008, 12:50pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/61 "2008-05-09T12:50:12Z")
- bout 60k ---
**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, 1:02pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/62 "2008-05-09T13:02:52Z")
> [@walter](#): > > 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. you are correct. I’d probably be plus, but a lot less since closing costs and selling the house costs would eat a good chunk. ---
**Author:** ![Jam](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jam/32/7235_2.png) [@Jam](https://forums.speedlife.net/u/Jam)\ **Post date:** [May 9, 2008, 1:03pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/63 "2008-05-09T13:03:56Z")
everything i own? i’d prob be in the + ---
**Author:** ![cky89](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cky89/32/4945_2.png) [@cky89](https://forums.speedlife.net/u/cky89)\ **Post date:** [May 9, 2008, 1:06pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/64 "2008-05-09T13:06:55Z")
car-23~ish Student loans 20k+ Old car~1200 Bank and parents-450 $55,650 in the neg. no way I could pull out of that and make it a + ---
**Author:** ![Boomin99GT](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boomin99gt/32/7306_2.png) [@Boomin99GT](https://forums.speedlife.net/u/Boomin99GT)\ **Post date:** [May 9, 2008, 1:47pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/65 "2008-05-09T13:47:27Z")
I’d be ahead by a lot. ---
**Author:** ![ryanmcell](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ryanmcell/32/7510_2.png) [@ryanmcell](https://forums.speedlife.net/u/ryanmcell)\ **Post date:** [May 9, 2008, 1:47pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/66 "2008-05-09T13:47:53Z")
No school loans. Living at home during college for 4 years was probably my smartest financial decision of my life. I owe a couple hundo on my credit card, but that get’s paid every month in full. Car is worth more than I owe. - worth for me as I stand. - worth if I sell all my toys, etc. ---
**Author:** ![Denton](https://avatars.discourse-cdn.com/v4/letter/d/d6d6ee/32.png) [@Denton](https://forums.speedlife.net/u/Denton)\ **Post date:** [May 9, 2008, 2:04pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/67 "2008-05-09T14:04:07Z")
It always blows my mind how much information people are willing to share on the internet. ---
**Author:** ![91CRXSI](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/91crxsi/32/7247_2.png) [@91CRXSI](https://forums.speedlife.net/u/91CRXSI)\ **Post date:** [May 9, 2008, 2:14pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/68 "2008-05-09T14:14:47Z")
I’d be around $15 grand in the + once i pay of my CC (that i charged a good amount of my wrangler on), but i’d be without a vehicle or any personal items…lol just started working again so I’ve been throwing about $2 grand a month towards my debts. once thats done ill be very happy. ---
**Author:** ![Z\_PHAT\_Z](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/z_phat_z/32/7293_2.png) [@Z\_PHAT\_Z](https://forums.speedlife.net/u/Z_PHAT_Z)\ **Post date:** [May 9, 2008, 4:30pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/69 "2008-05-09T16:30:11Z")
hmmm…If i sold my car, house, land in other country I owned, take out money from mutual fund and stocks. then paid up my house, student load(6k) 🙂 I would have around 100k of cash in the end. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [May 9, 2008, 4:39pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/70 "2008-05-09T16:39:09Z")
mortgage free house = 🙂 that puts me about 100k in the positive other than that id probably be about 5 to 10k in the negative, or the positive if i sold all of my small crap(computer and car parts and hot tub and stuff) ---
**Author:** ![Jam](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jam/32/7235_2.png) [@Jam](https://forums.speedlife.net/u/Jam)\ **Post date:** [May 9, 2008, 4:42pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/71 "2008-05-09T16:42:54Z")
> [@Joe](#): > > mortgage free house = 🙂 that puts me about 100k in the positive > > other than that id probably be about 5 to 10k in the negative, or the positive if i sold all of my small crap(computer and car parts and hot tub and stuff) so an aunt died and left it to you or something? god i wish i was left a house of any shape, anywhere. that would be fucking fantastic ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [May 9, 2008, 4:43pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/72 "2008-05-09T16:43:05Z")
> [@Joe](#): > > **mortgage free house** = 🙂 that puts me about 100k in the positive > > other than that id probably be about 5 to 10k in the negative, or the positive if i sold all of my small crap(computer and car parts and hot tub and stuff) Where do I sign up for this program? ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [May 9, 2008, 4:43pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/73 "2008-05-09T16:43:49Z")
> [@Jam](#): > > so an aunt died and left it to you or something? > > god i wish i was left a house of any shape, anywhere. that would be fucking fantastic or maybe im a baller and paid cash :pimp: actually it was grandparents ---
**Author:** ![airhead](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/airhead/32/7471_2.png) [@airhead](https://forums.speedlife.net/u/airhead)\ **Post date:** [May 9, 2008, 4:45pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/74 "2008-05-09T16:45:10Z")
$0 in CC debt, $0 in car loans, no other loans, no mortgage, no $ owed to parents, +/- $10K in student loans, 4 cheap cars paid for. But I tend to collect shit so if I sold off my vast parts collection, plus all of the other shit I’ve collected over 23 years, I’d be doing all right. I just lack time to eBay it all. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [May 9, 2008, 4:48pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/75 "2008-05-09T16:48:22Z")
> [@Denton](#): > > It always blows my mind how much information people are willing to share on the internet. :cjerk: ---
**Author:** ![HAiRymONkEe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hairymonkee/32/5172_2.png) [@HAiRymONkEe](https://forums.speedlife.net/u/HAiRymONkEe)\ **Post date:** [May 9, 2008, 7:33pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/76 "2008-05-09T19:33:27Z")
**-** ---
**Author:** ![JEG](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeg/32/7246_2.png) [@JEG](https://forums.speedlife.net/u/JEG)\ **Post date:** [May 9, 2008, 7:36pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/77 "2008-05-09T19:36:38Z")
If I sold my TA, Truck, TV, Drums, and my guns…I’d have prolly like $5-6K lol. So I would be a few k richer. ---
**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, 10:11pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/78 "2008-05-09T22:11:45Z")
> [@Denton](#): > > It always blows my mind how much information people are willing to share on the internet. Haha, hence my immediate edit. I was like, hmm, maybe none of this needs to be said on the internet, haha. ---
**Author:** ![AShort](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ashort/32/4947_2.png) [@AShort](https://forums.speedlife.net/u/AShort)\ **Post date:** [May 9, 2008, 10:16pm UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/79 "2008-05-09T22:16:28Z")
i’d probably break even…maybe have 1k ---
**Author:** ![cdvma](https://avatars.discourse-cdn.com/v4/letter/c/48db29/32.png) [@cdvma](https://forums.speedlife.net/u/cdvma)\ **Post date:** [May 10, 2008, 11:12am UTC](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141/80 "2008-05-10T11:12:09Z")
Why don’t we shorten the poll and make it “I think I have more money than you so I’ll list all the shit I own” vs. “I know I don’t have more money than you” We can let people :rolljerk: each other faster that way. [Previous page](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141.md?page=3) [Next page](https://forums.speedlife.net/t/if-you-sold-everything-and-paid-off-debt-would-you-be-or/48141.md?page=5)