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11-10-2016, 09:37 AM | #496 |
**** off
Join Date: Feb 2007
Location: New York
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Posts: 5,236
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11-10-2016, 10:23 AM | #497 | |
Not dead yet...
Join Date: Nov 2008
Location: Indian Creek
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Posts: 2,795
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11-10-2016, 12:32 PM | #498 |
What's up braj?
Join Date: Jun 2008
Location: Placencia, Belize
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Not that this really matters as you shouldn't be opening new lines of credit anyway, but there's no way you have A+ credit carrying a balance equal to your yearly income.
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Posts: 16,221
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11-10-2016, 12:42 PM | #499 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,742
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11-10-2016, 06:55 PM | #500 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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All of this is so mind blowing to me. And no offense Hometeam, I think you clearly stated you weren't great with money, but it blows my mind someone can rack up debt like that in a housing area this is so cheap ($85k mortgage?). This seems to be a common trend across the country though. I wouldn't worry about investing in anything outside of your 401k since you have never had one and have nothing saved for retirement. Take the highest contribution you can that maxes your employer match. Bump up your contributions after that according to getting your debt paid off. The 401k is a great investment vehicle for you to lower your taxable income on the higher salary. |
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Posts: 46,088
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11-10-2016, 07:09 PM | #501 | |
Banned
Join Date: Jan 2013
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I don't have $17K in savings and I'd consider myself in a great place financially. |
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Posts: 53,803
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11-10-2016, 07:14 PM | #502 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,088
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11-22-2016, 09:00 PM | #503 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,088
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11-22-2016, 09:08 PM | #504 | |
Supporter
Join Date: Jul 2011
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Still have never missed a payment and have perfect credit. Plus I like to do racecar shit :/ Last edited by hometeam; 11-22-2016 at 09:19 PM.. |
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Posts: 10,672
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11-22-2016, 09:10 PM | #505 | |
Supporter
Join Date: Jul 2011
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DTI was my only issue and that has now been erased. |
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Posts: 10,672
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11-22-2016, 09:12 PM | #506 | |
Supporter
Join Date: Jul 2011
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11-22-2016, 09:17 PM | #507 | |
Supporter
Join Date: Jul 2011
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Banks knows I will pay. I havent missed a payment since I first took out a 500 limit card when I was 18. I have racked up and payed off tens of high dollar loans, and am way down from my total credit limits. 800+ credit vs 750 doesnt really mean anything when you look at the whole picture. The whole picture shows I pay, and they can make interest off me. They want to give me money. Beyond that, my plan is to have my emergency fund in place by jan 1. I went ahead and did 6% on my 401k at the new job, but I dont get a match until 1 year, and im not vested until 5 :/ I have already been offered a raise at my new job, as I have taken on even more responsibilities than we initially thought, once we got into the heart of things and found out wtf was happening here behind the scenes. That raise goes into effect Jan 1 also. |
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Posts: 10,672
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11-22-2016, 10:30 PM | #508 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,742
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11-23-2016, 12:04 AM | #509 |
MVP
Join Date: May 2001
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What do people think about a call option for KR at 35 on Jan 20?
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Posts: 18,223
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11-24-2016, 02:47 AM | #510 |
Supporter
Join Date: Jul 2011
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Im in the same industry. I took a management position as the head of the internet department (to put it loosely, but I wear many hats) for a 4 store dealership complex here in town. Officially I am the 'Internet Sales Director'.
Why, want to buy a car? |
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