Yea…that’s the allure of credit cards- it gives you that thinking, ‘shit i got all dis money, son??’ when in reality, if you don’t pay that bill swiftly you getting raped financially. It’s always a great idea to pay more than the minimum- anything to lower those interest.
I know I mentioned it before but man, I still get hype reminiscing writing that final check for college loan payment. Just knowing I don’t owe someone anymore after that feels good.
I’ll just wait 6 more years until everything falls off…
I don’t expect to be employed anytime soon and my bank of america account will fall below $1500 in a few months, meaning the bank will charge me $12 a month to keep it open from then on. Is it a good idea to move all of my money to an online-only bank like Ally Bank (that charges NO maintenence fees afaik)?
Use a credit union or Capital One. Either no minimum or it’s really low, like $300.
Yes…why haven’t you done this already?
Seriously thinking of looking at this penny stocks website. Their sister site is indeed good IMO, as they will teach you from the ground up. The thing is, they’re pretty pricey (Near to 300 per qtr), but if I can consistently hit better than $1000 a month, it might be worth it. At some point, I know the govt is gonna screw over vets sooner or later, so I just want to be ready when that particular hammer falls. I’m kinda surprised SS hasn’t been able to steal more money yet. Well, If I hit rock bottom or turn into a millionaire, you’ll get the news here first.
-Starhammer-
Really? Well that would be some bullshit if that is true.
I got lucky and one of my credit cards got discharged instead of charged off. I’ll have to pay taxes on the discharge though…
For govt, it is very much true. I think I cannot make more than $600 a month, or it gets turned off. Of course, if I can make enough cash consistently, that will be a moot point.
-Starhammer-
Investment income is generally counted as income, so I expect it would count. If you’re making more than $600 a month off of just investments I’d say you’re doing pretty damned good. But whatever you make in investments probably has to add to whatever you make from other sources when it comes to qualifying for disability. But apparently only a percentage of income counts, depending on where it comes from. So it sounds pretty involved.
The people sending the checks are probably the best ones to ask about this stuff.
Has anyone ever had a 1099-C?
Haven’t had one personally, but I’ve worked with clients that did. PM if you have general questions, but it’s a pretty straight forward ordeal if the amount is relatively small.
thanks. Yeah, I already have disability, but I think if I learn enough and can apply enough cash to it, I’ll do even better in investments. Right now, I think the best I did was one nice $1500 super off holding this one stock to dividend. it was a quarterly stock, so it would’ve come out to about $500 / month anyways. I’m thinking to save up enough from the dividends without going over. When I know I have enough that the stocks would pull in more than the disability, I’ll rushdown the right stocks and say GGPO to the social security crew. Until then, I’ll keep learning new moves to make on the stock floor stage. Gonna straight PWN dat poverty shit!!
…The funniest thing here is, even if you read this out loud, nobody who doesn’t frequent this site would understand what you said without help. Is that proof enough that I’m crazy? I think so. I have more, but this is pretty good for the local docs too.
-Starhammer-
Over $20,000
So the Mrs wanted to take a look at some open houses over the weekend. Looks like I gotta step my financial game up.
right now it looks like the minimum we would spend for what we want is around 800k. If we really want to get a detached home, we are looking around 2 mil.
really taking a look at our finances and being smart
$800,000 is too expensive. Might as well by 3 brand new Ferraris for that!
man you are talking to Mr Frugal. Yeah its a lot of money, but honestly if you want anything that is in a good neighborhood, detached and a decent house you will start around 700K+. Chicago is just really expensive, but I can say that you get what you pay for. Basically you pay for a place with cheap rent, then you are living in a pretty shitty house.
Guess it depends on where you live. In some places, cars are more expensive than houses.
Yeah, Chicago is mad expensive when it comes to living. I pay 1200/month for rent for a 2 bedroom, where they same stay and square footage back in Cincinnati would have cost me around 600. Its a huge reality check when you see these prices and it is considered the norm there. The best thing to do is just focus on building that financial freedom that will allow you to make large purchases and what not.
On another note, since me and my wife have been looking to buy a home in the next couple of years we are looking to start saving money a lot better and smarter to get us even more ahead of the game.
What are some good ways to build upon financial freedom as well as building a sizable savings? Anyone in here own a home? What should we be looking for when trying to purchase a house and what else should we consider (besides the recommended 20% down).