Date: Sat, 17 Mar 2007 06:47:34 -0500
From: "Morgan" 
Newsgroups: misc.invest.financial-plan
Subject: Re: A little advice...
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On Mar 16, 6:23 pm, "Elle"  wrote:
> "Will"  wrote
>
>
>
> > When I was working recently (January), I made about a net
> > of $2K take
> > home each month I spent $630 on debt.  I have about
> >$5900 on a 7.99% fixed credit card [],
> > $5700 in student loan debt [] around 4% or so
> >  $800 on my 14.99% fixed credit card []
> > a $20,000 line of credit at 14.99% fixed
> > What I am worried about is having to take out of my new
> > line of credit
> > to survive this internship at the Senate to get a job on
> > Capitol
> > Hill.  I may do so, but that interest rate is at 14.99%
> > fixed.  I can
> > live off of about $1400 per month and each month I usually
> > have about
> > $20 left in my checking account.  I am down to the wire.
> > (I think this
> > contributes to my stuck-in-the-mud feeling about money).
>
> You are right to have this feeling.
>
> Forget about investing in stocks.
>
> Put all your extra cash into paying off the two credit
> cards. Do NOT use the line of credit. Do whatever it takes
> to live within your means, now and after you pay off the
> debt. When you have only the student loan as debt, post
> back.
>
> > You guys are the best and I thank you for your thoughts.
> > Being young
> > (25 years old) and getting married in July,
>
> Will, god willing you will take the following very
> seriously: Do not get married with this debt. Financial
> problems are a leading cause of divorce. How on earth can
> you ethically ask this woman to marry you when you are not
> only penniless, but actually owe money? Money isn't
> everything. But it's like 50% of everything. Ya gotta eat
> and have decent shelter, etc. and not be working so hard you
> can't enjoy life.

Yeah, I'm always being told by romantics that true love overcomes all.
The media also spits out the message incessantly. The trouble is that
it cannot honestly sustain it for many decades.

"Man cannot live by bread alone" as it says in that old black book,
but you need the damn bread to begin with! If you can get two people
who are willing to work hard in the literal sense, the likelihood of
them becoming a genuine team is more likely as they will be going
through the same experiences. Money can be used as a motivator for
such relationships, not as a distraction from them.


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