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Four easiest ways to have a negative net worth: 1. Borrow a lot of money for a college credential. (Bonus points for going to grad school.) 2. Borrow a lot of
by joshkaufman 16y ago
Four easiest ways to have a negative net worth:
1. Borrow a lot of money for a college credential. (Bonus points for going to grad school.)
2. Borrow a lot of money for a house or home improvements.
3. Borrow a lot of money to start a business, using loans that are personally guaranteed.
4. Accumulate credit card debt by spending more than you earn each month.
Any other methods I missed?
- space-monkey 16y agoBe unfortunate enough to get seriously ill without medical insurance.
- Mz 16y agoGet seriously ill regardless of what kind of medical coverage you have. My ex was career military. We had very few medical expenses -- the occasional pharmacy copay for items not carried at the military hospital (items on base were dispensed free). My health crisis still created financial problems.