Comments on: Consumer Debt – The Worst Kind of Debt http://www.debtreductionformula.com/blog/consumer-debt-the-worst-kind/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 14 Oct 2011 01:06:08 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: GettingOutOfDebt http://www.debtreductionformula.com/blog/consumer-debt-the-worst-kind/comment-page-1/#comment-56884 GettingOutOfDebt Wed, 03 Mar 2010 04:13:45 +0000 http://www.debtreductionformula.com/blog/?p=796#comment-56884 yeah, great post! Agree with you, nowadays more and more people like to spend using credit card. This has cause the credit card debt and other type of consumer debt increase tremendously. Thanks for sharing! yeah, great post! Agree with you, nowadays more and more people like to spend using credit card. This has cause the credit card debt and other type of consumer debt increase tremendously. Thanks for sharing!

]]> By: Mike Ramsey http://www.debtreductionformula.com/blog/consumer-debt-the-worst-kind/comment-page-1/#comment-56881 Mike Ramsey Tue, 02 Mar 2010 17:35:44 +0000 http://www.debtreductionformula.com/blog/?p=796#comment-56881 Ryan, that's probably one of the clearest explanations of why consumer debt is so bad that I've read anywhere. But that's what it really boils down to - the stuff depreciates far faster than you can pay off the debt, leaving you with a big negative on your net worth statement :-) My wife's a big fan of those Hoarders type shows. Some of them have bigger issues than just buying too much, but a lot of them just buy way more stuff than they need. Maybe you should start something like Biggest Loser, but the winner is the person who makes the most money selling off all the excess "stuff." Ryan, that’s probably one of the clearest explanations of why consumer debt is so bad that I’ve read anywhere. But that’s what it really boils down to – the stuff depreciates far faster than you can pay off the debt, leaving you with a big negative on your net worth statement :-)

My wife’s a big fan of those Hoarders type shows. Some of them have bigger issues than just buying too much, but a lot of them just buy way more stuff than they need. Maybe you should start something like Biggest Loser, but the winner is the person who makes the most money selling off all the excess “stuff.”

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