Home loan
Student loan
Car loan(s)
Boat loan
401k Loan
:(
7 replies (most recent on top)
You made some bad choices, you may also be a so so worker. Karma coming round to bite you.
Start downsizing everyone!!
So you have a white collar job, but lived live king size on borrowed money. Now you remember that loans gotta be paid back, but job security doesn't exist for white collared workers unless you're a front office quant or trader or some such that can jump from ship to ship..
Sigh...
:( :( :( :(!
Agree that you should sell the boat. Even if layoffs are not imminent, you need to stop the bleeding. Sell whatever you have for a rainy day fund. Read Dave Ramsey’s “The Total Money Makeover” or take the Financial Peace course usually held at churches if you have not already. Just because you can afford a payment does not mean you should buy the dang thing. I have been where you are and dug my way out. You can do this!
hard to sympathize with someone who bought a boat despite all that other debt. sell it (duh).
Life on a boat can be pretty cheap, if you're willing to give up some things.