Im -$25,000 this year alone for 1 year of university fee.

Then another $ -7,000 on my overdraft facility with my banks,

So one year of university in London has put me back -$32,000

And im only 19 :.(

How are you planning to pay it back? I am a senior in college already but my college is a commuter college and its one of those colleges where if you or your parents don't make a lot of money and you apply for finanical aid, you pay absolutely nothing which is why I don't any money and i hear people saying they still owe 75,000 dollars in loans after they graduate.

I imagine one would get a job and pay back monthly installments, like any other loan.

Im working my arse off all summer to pay as much back as possible. I have a 9am to 6pm job but going on holiday for a month which doesnt help but then i can have 2 months of pure work.

I'd lay at least 3-1 that the median net worth of an independent 21 year old in america is negative.

wow
i have 6k in credit card debt
no student loans in my last semester
14k on a truck loan and like 200 in the bank

bankroll is like 200 (im a tilt monkey and bust like every other week) with $180 due in rakeback

So I am broke but live nice I guess

Is there a story behind that credit card debt? On the surface it makes you look really, really stupid.

some of your posts make you look really, really stupid too.

Thanks, guy I don't know and can't remember ever talking to at all on here. Find some posts that aren't obvious trolling or sarcasm that make me look stupid and post them. It's probably happened, I just to see it.

I was asking about the debt because it's ridiculous to rack up so much debt while so young and wanted to know the story behind it. My last post was a bit harsh, should have read more like "Wtf is up with all that debt man?"

Having just graduated in May I can agree with most posters here that the average 20-21 year old does not have much money. I live with three people.

1. Just quit her job as manager of an Eckerds and now is an editor at a small magazine. She makes around 12/hour and doesn't have much saved if anything. (she currently owes me 60 dollars as she has for the past three weeks)

2. Works playing drums for dance classes in NYC and makes around 30/hour however the work is maybe 6 hours/week. His rent is 360/month and he doesnt have nor need much more than that.

3. Works as a waitress in an upscale Long Island restaurant and makes 30/hourish for about 25 hours/week. She has plenty of money, a rough guestimate would be she has about 20k saved up somewhere.

When I told my parents two years ago that I wanted to take poker seriously they said it was ok as long as I routinely gave them money that they'd invest for me. I strongly recommend this to anyone. It has allowed me to play with an extremely large bankroll, not tilt or risk too much and makes it near impossible to go broke.

Also for those that post how much money they have online, that money isnt yours until you cash it out and deposit it into your bank.

He's "broke but lives nice." Kid with no money likes to spend it, pretty obvious answer.

And I think emon's venom (right or wrong) is stemming from the fact that a kid with 350-400k in savings from their parents is comdemning credit card debt. Or, he just thinks the answer is so obvious that it's a stupid question.

Either way, everyone have a nice day!

I was just wanting to hear the story of what he actually spent it on; I obviously could surmise what generally happened.

Also, why can't I condemn credit card debt? I'm not entirely sure if that's what you were saying or not, but it's ridiculous to live outside your means, no matter what they may be. That's my point.

This is nozecandy btw, primary account is on a 24 hour vacay.

Most people in their early 20's are thousands of dollars in debt. I call PSU alumni and ask them for money. Almost every early 20's person I call is in debt up to their ears.

I take it you're in "development" (i.e. you're a shark). Is that a fairly easy job? I have a friend who does it here at Purdue and loves it, but I'm not sure if it's like that everywhere else.

I want 20k by 20. I have 10 months left.

It's doable if you don't spend money. I turn 20 in August...between work and poker, I've made about $15K since Christmas, and my job didn't even pay that well. Just don't spend money on anything but the necessities: food, beer, women, etc.

Everyone I have talked to at Northwestern says it absolutely sucks, but pays better than most on-campus jobs.

It's doable if you roll your backers some more, win tournaments with their money, and then only give SOME of them 1/2 the original stake back.

this is extremely key. i know some decent micro-small stakes players who can never get much going online because they spend way too much.

I work for the Office of Annual Giving. There are two departments: one does fund raising by phone and the other by mail. I work for the former.

It's pretty easy once you get the hang of it. It takes a few shifts to get the hang of things. But once you do, it's all good. We call various groups of alumni and graduates and ask them for money. Sometimes, the call is for a very specific allocation (scholarship funds) and others it's more open-ended.

The job pays well for an on-campus job. Since the minimum wage hike, we start at $7.25/hour and that rate goes up based on longevity and attendance rates among other things to a maximum of $9.25/hr. I'm up to around $8/hour now. However, the hours are limited. I normally work about 13 hours/week (four shifts), but with bonus performance hours/attendance bonuses, I get paid for about 20 hours per week.

The work schedule is flexible, but you have to work a minimum of three shifts per week (six are available for the summer). You get three personal days to use as you see fit. You get bonus hours for working extra shifts (attendance bonuses). You also get extra pay for receiving credit card orders and donation upgrades (performance bonuses).

The management is very personable and flexible when dealing with employees. In terms of on-campus jobs, it's the best one that's easily available. It's really improved my communication and socialization skills. My patience and tolerance for obnoxious [censored] increased as well.

PSU sure raises a [censored] of money.

"When I told my parents two years ago that I wanted to take poker seriously they said it was ok as long as I routinely gave them money that they'd invest for me. I strongly recommend this to anyone. It has allowed me to play with an extremely large bankroll, not tilt or risk too much and makes it near impossible to go broke. "


I do this to an extent as well. My parents see every check I get, so its more like "real money".

And of course I take a little "rakeback" for myself before depositing it -- which is why I don't have a problem with his pokering ldo