Investing and Personal Finance

[gibson]

@Amsel_ please pay off my credit card debt.

[deleted_user]

@gibson just cut your card in half? People do it all the time...

Paying credit card debt is like paying for winrar.

[gibson]

@gibson just cut your card in half? People do it all the time...

Paying credit card debt is like paying for winrar.

How do I cut my titanium apple card in half?

[fightinfrenchman]

@gibson just cut your card in half? People do it all the time...

Paying credit card debt is like paying for winrar.

How do I cut my titanium apple card in half?

Fire a Superdreadnaught Rail cannon Gustav Max at it

[Jam]

@gibson just cut your card in half? People do it all the time...

Paying credit card debt is like paying for winrar.

Pretty sure you still have to pay the debt though.

[fightinfrenchman]

@gibson just cut your card in half? People do it all the time...

Paying credit card debt is like paying for winrar.

Pretty sure you still have to pay the debt though.

Please keep the shitposting to a minimum

[Jam]

@gibson just cut your card in half? People do it all the time...

Paying credit card debt is like paying for winrar.

Pretty sure you still have to pay the debt though.

Please keep the shitposting to a minimum

Please keep sandposting to a minimum.

[fightinfrenchman]

Show hidden quotes

@gibson just cut your card in half? People do it all the time...

Paying credit card debt is like paying for winrar.

Pretty sure you still have to pay the debt though.

Please keep the shitposting to a minimum

Please keep sandposting to a minimum.

Why did they liebe the wildwood trip. Makes no sense

[Amsel_]

@Amsel_ please pay off my credit card debt.

Here, give them this.



If it doesn't work then you need to be a bit persuasive.

[Jam]

You cannot pay a credit card off with jingle bells, what are you even talking about? Is this a Dr. Seuss book?

[Goodspeed]

Also try to start building your credit score now.

This is not a thing in NL

[jesus3]

Neither in Ger afaik

[gibson]

If credit score isnt a thing how do companies determine whether or not to give someone a loan or a line of credit or an apartment?

[Goodspeed]

They check your current financial situation, mostly existing debt and income. Then they run some numbers and decide if you can realistically afford to pay interest on the loan you asked for. Also, in NL, in case of mortgages you are typically required to pay off X amount per month (on top of the interest) so they have to take that into account as well. Good thing our interest rate is historically low atm.

With my income of around 40k/year and no existing debt I could get a max mortgage around 170k. If you have existing debt that number goes down real fast, which makes it hard for young people to buy homes here. They usually come out of school with a good amount of debt and no way to quickly pay it off, so they have to rent which is much more expensive than buying, meaning they can't really save much either. It's a mess, really.

[gibson]

Ah so its not different. Companies just look directly at the person instead of the "credit score" which is a 3rd party companies analyzation of ability to pay back a debt.

[jesus3]

yes. And the only way to "build" that is to not have any debt or prior shortcomings in paying off past loans

[Amsel_]

Also try to start building your credit score now.

This is not a thing in NL

I expect nothing less from the undeveloped primitives of Western Europe. I bet you still use outhouses.

[Amsel_]

I just read an interesting article explaining why leveraged ETFs underperform the market in the long-run. https://thecollegeinvestor.com/4414/lev ... rformance/

[dietschlander]

Also try to start building your credit score now.

This is not a thing in NL

BKR? Kadastraal/registered loans and credits aswell imo

'xcuse me, my drunk brains read 'depths'

[Amsel_]

If, at 30 years old, you contributed just $100 a month to a retirement account and bought index funds tracking the S&P 500, and lived the average 78 years, you would die with $1,429,221.78 thanks to the expected 10% return on stocks. You don't have to pick stocks. You don't have to worry about recessions, since you're always contributing, and will have time to recover any losses. Just $100 a month into an account you don't even bother looking at is all it takes to become a millionaire.

Why not make this new year the year you start your journey on the long road to wealth?

[princeofcarthage]

It takes 48 years to become a millionaire tho, I would rather spend 1,00,000 at age of 30 than be a millionaire at 78.

[fightinfrenchman]

@Amsel_ I'm not 30 yet

[Amsel_]

It takes 48 years to become a millionaire tho, I would rather spend 1,00,000 at age of 30 than be a millionaire at 78.

Well are you working towards becoming a millionaire at 30?

@Amsel_ I'm not 30 yet

Even better. More time to earn more money.

[fightinfrenchman]

Well I also have debt to pay

[princeofcarthage]

It takes 48 years to become a millionaire tho, I would rather spend 1,00,000 at age of 30 than be a millionaire at 78.

Well are you working towards becoming a millionaire at 30?

What If I already have a million and then few more, and I not even 30?