Dave
Well-known member
What ever your dream is attack it with every fiber in your body to make it your out come.
True but you'd also keep an eye towards the future. I took some computer programming classes in the early 80's but never dreamed what was about to happen in technology.Before you pick a major when going to college, open the want adds (online now) and see how many jobs are looking for that major as a requirement. Colleges will gladly take you money and give you a diploma for basket weaving theory, but it's up to you to try making a living out of it.
I dumped my credit card back in 2008 and the only debt I had was a land payment. Found out in 2013 that 2 of the 3 credit agencies dumped me. One had my credit score around 760 and the other 2 nothing like I never existed. I have a credit card now because you never know.I know people who use a credit card just to keeps good credit score. I figure if you don't borrow money, it doesn't matter, and if you do borrow money and make your payments on time, I assume that gives a good credit score. I have no idea what my credit score is and have never done anything just hoping to build a good credit score.
Until another "outbreak" and then be prepared to give up that freedom too.Be in Church every Sunday morning.
My husband had the opportunity to play pro baseball (pitcher), but turned it down and took a job at Michigan National Bank doing something new called data processing (and now you know his age). It served him well.True but you'd also keep an eye towards the future. I took some computer programming classes in the early 80's but never dreamed what was about to happen in technology.
Good advice above.
On the business side, buy all the ground you can get until you're 30, then be choosy about it. By the time you're my age (46) it will most be paid for, and it will never go away, at least for our time here on earth.
First piece of property I bought was owner financed. No collateral required. An old lady 50 miles away had inherited the land years before and did not even know exactly where it was. Had never been recorded in her name. The local fertilizer dealer had "assumed control" of the property and we had been his "sharecropper" since we had some old equipment. He thought he was going to end up with it based on possession over years. A real estate agent showed up looking for the property and for a buyer. The fertilizer guy said it could never be paid for by farming. An adjacent large land owner offered $200/acre. My brother and I were young and foolish and took a chance on it at the asking price of $400 an acre. She thought she had 68 acres and sold based on that. Turned out to be 78 acres. Half mile off the road with a right of way. I was 20 years old and purchased it with my older brother. He was 23. Never missed a payment. Have to always look for opportunity.Buy ground with what? If you're under 30, you don't have assets for collateral. Lucky if you have a good job and you can afford a reliable vehicle to get there. If you are under 30 years old, you still have expenses: insurance, gas, maintenance, rent, utilities, food, etc. Out of what is left they try to set a little aside for the future. I don't see how the two ends meet in the end...
I'd never pay bills all month using a charge card-risky-not even for 2% back-Lowe's credit card dangerous too-if u don't pay it off the interest is sky high 27% best to save up and pay as u go for appliances etc..I use a Fidelity credit card that automatically deposits 2% of my charges into a Fidelity investment account. I buy most everything with the credit card. Recurring monthly bills (utilities, cell phones, etc) are on auto bill to the credit card and the credit card bill is on auto pay from my bank account. I use a Lowes credit card that gives me 5% off all purchases there and it is on auto pay from the bank account as well. I write very few checks and make a little on the 2%.
I have never paid interest on a credit card. Auto pay the bill in full each month from my checking account. I am not an impulse spender. That is the real danger - buying because you want something and it makes you feel good instead of because you want it and can afford it or better yet, need it. Yes, don't buy what you can't afford or you will be trapped in a bad situation. Lots of people have no self control.I'd never pay bills all month using a charge card-risky-not even for 2% back-Lowe's credit card dangerous too-if u don't pay it off the interest is sky high 27% best to save up and pay as u go for appliances etc..
I think my advise would be save up as much money in savings for a nest egg it creates peace of mind and decreases the surprise factor and stress
You're the customer the credit card companies hate. They loose money on you, especially if you have a rewards card.I have never paid interest on a credit card. Auto pay the bill in full each month from my checking account. I am not an impulse spender. That is the real danger - buying because you want something and it makes you feel good instead of because you want it and can afford it or better yet, need it. Yes, don't buy what you can't afford or you will be trapped in a bad situation. Lots of people have no self control.
You're the customer the credit card companies hate. They loose money on you, especially if you have a rewards card.
I'm the same way. I have a GM card and a Bass Pro Card. Saved a lot money on a new truck, and get a new gun about every 5 years with no money out of pocket.
Dave Ramsey says a credit score is really an "I love debt" score. He also says that credit cards and debt are like snakes. If you handle them long enough, sooner or later you will get bit.I know people who use a credit card just to keeps good credit score. I figure if you don't borrow money, it doesn't matter, and if you do borrow money and make your payments on time, I assume that gives a good credit score. I have no idea what my credit score is and have never done anything just hoping to build a good credit score.