You don't need good credit to accumulate wealth.
SPIN : What's the SMARTEST thing you did financially in life so far?
- Thread starter newarkhiphop
- Start date
You don't need good credit to accumulate wealth.
Demon
Evil b*stard
Buy a house.
Paying out money every month for some shyt that aint mine and never will be got tiring. It felt like a huge waste of money to me.
My mortgage and homeowners association fees combined is less money monthly than any rent I ever paid
Paying out money every month for some shyt that aint mine and never will be got tiring. It felt like a huge waste of money to me.
My mortgage and homeowners association fees combined is less money monthly than any rent I ever paid
MaccabeanRebel
All Star
Immediately moved in with fam after graduating college instead of spending most of my monthly income on rent. Allowed me to save a lot and set me up pretty good for whatever future decisions I want to make.
All my boys were pressuring me to move into apartments with them, but now I'm thinking about buying me a spot with enough rooms to charge them in rent
All my boys were pressuring me to move into apartments with them, but now I'm thinking about buying me a spot with enough rooms to charge them in rent
The Nigerian
The Realest Member of TheColi
Join corporate America.
3. Sold my home at the peak of the housing bubble.
2. Paid off my college loans with a severance package I got for getting laid off.
1. Went back to school for computer science after seeing the huge disparity between available computer jobs and business management jobs.
2. Paid off my college loans with a severance package I got for getting laid off.
1. Went back to school for computer science after seeing the huge disparity between available computer jobs and business management jobs.
i've probably made more bad decisions than good ones, but a few good ones that stand out-
1) actually conceding that my financial adviser knows better than i do and taking his advice more often than not when it comes to investing.
2) going w the ARM over the fixed rate mortgage in 2008 when rates were coming down. if i wasn't selling my place now i could probably refi even lower than i am already paying but the closing costs would take me at least 6 or 7 months in the place to make it up.
3) opening my daughter 529 as soon as she was born. i don't even want to know how much school is going to be in 2029.
1) actually conceding that my financial adviser knows better than i do and taking his advice more often than not when it comes to investing.
2) going w the ARM over the fixed rate mortgage in 2008 when rates were coming down. if i wasn't selling my place now i could probably refi even lower than i am already paying but the closing costs would take me at least 6 or 7 months in the place to make it up.
3) opening my daughter 529 as soon as she was born. i don't even want to know how much school is going to be in 2029.