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Operation Night Brace

GARETH SAYS… See what happens when someone who has never been in debt falls head over heels in love with someone who has loads of debt! AMY SAYS… See what happens when someone who has planned on letting her $180,000 worth of student debt die with her, falls head over heels in love with someone who refuses to let that happen!

Wednesday, October 29, 2008

"Good debt", "Bad Debt"

GARETH SAYS...

Apparently in the US college loans are considered a good debt. What the f$£@!

How can a debt be good?

I've turned to the internet for answers...

GOOD - "Good debt is investment debt that creates value; for example, student loans, real-estate loans, home mortgages and business loans," says Eric Gelb, CEO of Gateway Financial Advisors and author of "Getting Started in Asset Allocation.

BAD - The concept of bad debt comes in when discussing the purchase of disposable items or durable goods using high-interest credit cards and not paying the balance in full.
Posted by Gareth Miles at 6:22 AM

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WHAT WE OWE...

So far we have paid off $189,000.00 which means we have $00.00 to go!

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Money can't buy you happiness so share some of yours with us. We accept credit cards xxx

About Us

Gareth Miles
I'm Gareth blah blah
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Should we keep doing ONB until April?

What would you do for $180,000?

What would Meatloaf not do for love?

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      • To do list (Post ONB)
      • "With love from Gareth & Amy"
      • "Good debt", "Bad Debt"
      • The Great Escape
      • Blasts from the past
      • "I think i'm going to cry"
      • Opps...
      • April fools!
      • A poem for Amy...
      • Wakey wakey
      • Crabbing
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      • CNN Debt news
      • GOING DUTCH
      • ?
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      • $23,000
      • Halloween
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      • The Beast That Swallows Its Young
      • THE KINDNESS OF STRANGERS
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      • Fame
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      • THE JOY OF BUSINESS TRIPS
      • Sidetaker?
      • EXTRA CASH
      • Changes
      • LOVE DEFINED
      • STOP WORRYING FOLKS
      • CAGED POLAR BEARS
      • FUCK!!!!!!!!!!!!
      • Fairytales Vs nightmares
      • Tug-of-war
      • £5 A SECOND
      • Milestones!!!!!
      • Japanese gardens
      • What's the secret?
      • Doh!
      • Project on student debt?
      • Justice.org
      • Do the math
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Friends and family b(l)ogroll

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  • Hannah's Country Kitchen

ARE YOU RICH?

Would you like to adopt us? For $180,000 we will send you a Xmas card for the rest of your life and sing you happy birthday down the phone once a year (we'll even do it on your birthday - how cool is that). 
 
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