No. 100? no 5000? I dont think so. How much are you making a year?
Uh what was the point of this post? Is this part 1 to your question?
NO those cards are meant for drug dealers :lol:
Is there a top tier investment book out there? Some reading no investor should be with out?
all of them because they all claim their books is the one :lol:
I figured, I am sure there is an Investment for Dummies book. Those are usually basic, but not sure if there were any others out there worth a look.
Iād say if I were to pick just one, it would be Rich Dad Poor Dad. Not exactly a book on investing ātipsā or anything, but talks about an overview about the decision making on how to use assets to make money.
Most opinions on investing stocks and stuff come from all angles, where one analyst say itās a bad time to invest, another says itās a good time to invest, another says to hold, etc. when the fact is, there is money to be made in ANY market as long as one makes the right decisions, but of course, thatās easier said than done.
What I did was I took the opinion of the worldās best investor, thatād be Warren Buffett. He says that āThe Intelligent Investorā by Benjamin Graham is the best investment book ever written. I read it, I liked it, and I learned a lot, and now am making money in stocks. Iām going to have to recommend it.
OK, so a prepaid debit card is a bad idea (and I notice it has some outrageous fees!), so Iāll open up a checking account at a bank in my area (the debit card included has rewards too, so Iām good). BUT:
What does it mean to choose ācreditā when paying with a debit card; what difference does it make if they pay via PIN or signature? I work at Target and people do it all the time, but I donāt understand why? I thought the whole point was that it comes out of your account and not from a credit card company who expects to be paid back with interest; does saying ācreditā change that? When I use my debit card in the future, will it matter whether I choose credit or debit when shopping somewhere?
Just so you know that isnāt a debit card you were looking at. Its a secured credit card. Basically instead of them giving you a line of credit, say $500. You give them $500 and you can spend it. Its good to control your spending habit but I would still strongly recommend a checking account + debit card.
There are small differences between using a signature and PIN when making a purchase. One of them is that if you do debit, the money is taken out of your account immediately. With credit it has to go through some hoops before the money is taken out. Couple be as short at 1 business day or as long as 3 business days. The other difference that for the store owners if the person pays by ādebitā card (e.g. using a PIN) the shop owner has to pay a higher fee to than a regular credit card transaction. Thatās why you see the smaller shops not having a debit card option.
Good luck in your choices and if you make some mistakes along the way, we all do, you just gotta learn from them
Should the fact that the debit card that comes with a certain checking account is a Mastercard (I prefer Visa, but not for any significant reasons) worry me? Iāve abandoned the āsecure credit cardā idea (thanks to your advice!) and Iāll just open up a checking account and rarely (if ever) write checks!
And though the debit card has rewards, theyāre only for non-PIN purchases which is why I asked about signature purchasesā¦
lol you sound like an infomercialā¦
but im seriously going to pick up the book.
I donāt think Iāve ever written a check from my checking account. I did pick up two money orders today though (free of charge, one of the benefits of wamu).
The Mastercard, Visa, Discover, Amex used to be a big deal because youād have to choose one of the other but nowadays itād be hard to find a company that didnāt accept Visa or Mastercard. I donāt think Discover and Amex are as popular although you can only use the Amex credit card at Costco. If you have a Visa Debit card you can still use it though.
Good luck with the checking account and just remember to check your balance every now and then and be responsible with it.
I seriously never use my debit card. The only time I use the debit card is at the ATM since I have to use that card to make deposits and withdraws, where the latter is even more rare since I hardly carry cash.
As long as spending is monitored and the credit card and checking account is properly maintained, thereās no real use to use the debit card as the credit card has more lil perks such as accumulating points/miles/etc. Most credit card companies have it set up where you can have an automatic monthly payment (of course, be SURE to always pay off the balance on the monthly statement, hence, watch your spending) where you go on the website, punch in your checking account info (routing number and acct number) and theyāll automatically receive the payment from your account on the date you specify (preferably the due date of course) and thereās never a need to write a check, or even use your online banking to make the online payment since the credit card website takes care of it for you. As long as your paying off the balance each month, the added bonus you get from a credit card over a debit card is the points and building up good credit history.
And of course, a cheap way to get āfreeā points is when you go out to eat with a bunch of people, and you use the credit card to pay, they give you their cashā¦ itās both extra points from the food they got and itās pretty much a free trip to the ATM. Of course, make sure you know youāre good for it though, as long as you have good management over your personal finances.
The checking account I plan to open sounds good enough, with the overdraft protection and reward points on the debit card, but Iām still wary simply because Iām new to all this
Never heard of 53. Are they nation wide?
fifth third is bigā¦but not like top4 big. they are not nationwide.
yamizaki. what stock did you sell for $1100 more? obviously you dont own it anymore so it wouldnt hurt to share.
Fifth Third is entirely too big to nave not chosen a name that makes sense by now. I bet they all go to Ruthās Chris for lunch everyday.
I had a credit card I had was really fucking me up. Due to unforeseen circumstances I ended up getting to the limit and had been paying the minimum, which is all I could afford, and getting nowhere quickly. My partner and I want to move out (we live at his house, which he owns with his ex, but the ex is currently renting an apartment with his BFā¦ehhh anyways) to a smaller place but we want to get some bills and stuff settled and in good standing first. Prices out here (Long Beach) are fucking expensive for small places, although we have enough for 20% down payment on $300,000 condo, although his credit is good, mineās not as great due to the situations Iāve been through lately. We talked yesterday and he decided to give me enough cash to pay for my f-ed up credit card with high ass interests. So as of today I paid off my $7,000+ credit card, and will now pay him a little less of what I was paying for it a month, plus I get a raise in a few months, and my bonus for the year should be about $3,000, which should be able to almost cover the the 7 grand, except there will be no fucked up interest and monthly payments going no where.
Iām finally finishing getting all my student loans consolidated and since Iām still young Iāll have a while to pay them off. Iāve also been selling some stuff on craigās list and getting side jobs from there, and should be able to pay off my last two cards (one with $500, and a best buy for about $1100) off in a few months. All I will have left is my car and insurance and student loans. It feels good to move things a long and get in good standings. Iām soon to be 22, and I donāt want my future to be messed up financially.
^And I thought I was junked up with 2,000 debt(spread across three cards). o_o
Iām just getting started and understanding the thing with the school loans, which is why Iām trying to constantly apply for scholarships even during the school year, as I could use that to pay off debt too right?
I had about $18,000 in scholarships and grants a year, and that still wasnāt nearly enough to pay for stupid DeVry. I did take as many classes as possible to graduate quickly though, so I managed to get a 4 year degree in 2 and a half years (they are year round, no summer breaks). If your scholarship goes over what you would need for school, they usually send you the excess as living expenses.
I seriously couldnāt sleep some nights wondering how things were going to work out. Neither my partner or I really spoke about or finances, but it was about time we did, and it was for the best. 
When one of my cousins, whoās really smart and got his education paid for with all scholarships (Iām the first person in my family with a degree), said he was going to be moving away, he had no car, actually, his family has never owned one. So by then I had just graduated and obtained the job I have now, so I decided to give him my car and I would get another one. That was over a year and a half ago, AND HE HASNāT learned how to drive it yetā¦WTF??? I could have saved all those monthly payments and been better off without this stupid car, but he had promised to learn how to drive right away. I am probably going to ask him today if heās going to learn or not, so I can sell the car instead and use that money to pay the rest of my bills.