I was putting together a personal financial statement for a bank and I realized I have over $1.8 million of debt against my credit. [I’ve partnered with investors on some deals, so there’s actually another $800,000 that I’ve agreed to share 50% of the burden without it being on my credit]. On top of that I have open credit card balances worth nearly 100k.
Competition time?? My debtload’s bigger than your debtload! [Of you need a positive networth to qualify].