Music Banter

Go Back   Music Banter > Community Center > The Lounge
Register Blogging Search Today's Posts Mark Forums Read
Welcome to Music Banter Forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with over 70,000 other registered members. After you create your free account, you will be able to customize many options, you will have the full access to over 1,100,000 posts.

Reply
 
Thread Tools Display Modes
Old 06-21-2018, 05:15 PM   #71 (permalink)
one-balled nipple jockey
 
OccultHawk's Avatar
 
Join Date: Dec 2010
Location: Dirty Souf Biatch
Posts: 14,741
Default

YD

How much money do you think your credit score is worth?

Besides homeownership what does it get you?

How much cash in hand would you sell 300 credit points for?

What if you buy a house and the market collapses and you’re upside down on your mortgage?

I’m not arguing against having good credit but ultimately it’s about living below your means and saving money. It’s like people think their credit score is wealth. Good credit ultimately just means how much access to debt you have. The belief that good credit is a kind of wealth is false. If you need the credit you’re still in trouble.

I’m a **** up so yeah everyone can take that into consideration

But if you don’t wanna get ****ed later on focus on building that savings account bit by bit starting in your twenties.

Savings is your financial savior. Not credit.
__________________

¡¡¡brigada juvenil anarquista!!!
FLARLY WE RIDE
OccultHawk is online now   Reply With Quote
Old 06-21-2018, 05:17 PM   #72 (permalink)
be excellent 2 each other
 
Frownland's Avatar
 
Join Date: Aug 2011
Location: Atop of the Throne
Posts: 32,020
Default

It's only equitable to wealth if you're a g at investing with your dick always in the water to sense the tide.
__________________
At a time like this, scorching irony, not convincing argument, is needed.

Frownland is offline   Reply With Quote
Old 06-21-2018, 05:32 PM   #73 (permalink)
one-balled nipple jockey
 
OccultHawk's Avatar
 
Join Date: Dec 2010
Location: Dirty Souf Biatch
Posts: 14,741
Default

Quote:
Originally Posted by Frownland View Post
It's only equitable to wealth if you're a g at investing with your dick always in the water to sense the tide.
True

Do you think I’m right that there’s an overemphasis on credit scores going on here?

And I’ll pose that question to Chula too.

I realize Chula that credit allowed you to buy a house that worked out for you so that part of you is going to say **** yeah low interest debt and high yield investments but can you weigh that against what I’m saying about living within your means and building wealth steady and surely?
__________________

¡¡¡brigada juvenil anarquista!!!
FLARLY WE RIDE
OccultHawk is online now   Reply With Quote
Old 06-21-2018, 05:35 PM   #74 (permalink)
silky smooth
 
YorkeDaddy's Avatar
 
Join Date: Aug 2011
Location: Pangaea
Posts: 3,518
Default

Of course it's not like some ticket to financial security, I understand that. I'm just glad it's in a better place for the handful of reasons TO have it that way

Currently I'm trying to prioritize getting rid of as much of the little debts here and there that I have by consistently paying above the minimums. This sacrifices the disposable extra income I have that would normally go into a savings account. I turn 24 next month and have literally zero savings and only a couple grand in my account, but I think if I'm starting to build it by 25 or 26 I'll still be fine in the long-term.
__________________
http://cloudcover1.bandcamp.com/
http://daydreamsociety.bandcamp.com/

Think about how life sucks -> Vent about it on MusicBanter -> Make no progress towards improving life because limited free time is wasted on MusicBanter -> Think about how life sucks
YorkeDaddy is offline   Reply With Quote
Old 06-21-2018, 05:40 PM   #75 (permalink)
Fck Ths Thngs
 
DwnWthVwls's Avatar
 
Join Date: May 2014
Location: NJ
Posts: 5,676
Default

I agree that credit score isn't wealth, but it's definitely important given our current system. It's a financial skeleton key that everyone should try to achieve.
__________________
I don't got a god complex, you got a simple god...

Quote:
Originally Posted by elphenor View Post
I'd vote for Trump
DwnWthVwls is offline   Reply With Quote
Old 06-21-2018, 05:42 PM   #76 (permalink)
one-balled nipple jockey
 
OccultHawk's Avatar
 
Join Date: Dec 2010
Location: Dirty Souf Biatch
Posts: 14,741
Default

Quote:
Originally Posted by YorkeDaddy View Post
Of course it's not like some ticket to financial security, I understand that. I'm just glad it's in a better place for the handful of reasons TO have it that way

Currently I'm trying to prioritize getting rid of as much of the little debts here and there that I have by consistently paying above the minimums. This sacrifices the disposable extra income I have that would normally go into a savings account. I turn 24 next month and have literally zero savings and only a couple grand in my account, but I think if I'm starting to build it by 25 or 26 I'll still be fine in the long-term.
Dude you’ll be fine

At 24 I don’t think I even knew the meaning of the word future

Pretty much still don’t
__________________

¡¡¡brigada juvenil anarquista!!!
FLARLY WE RIDE
OccultHawk is online now   Reply With Quote
Old 06-21-2018, 05:45 PM   #77 (permalink)
one-balled nipple jockey
 
OccultHawk's Avatar
 
Join Date: Dec 2010
Location: Dirty Souf Biatch
Posts: 14,741
Default

Quote:
Originally Posted by DwnWthVwls View Post
I agree that credit score isn't wealth, but it's definitely important given our current system. It's a financial skeleton key that everyone should try to achieve.
And like a skeleton key you don’t know what’s really behind the door until you open it.
__________________

¡¡¡brigada juvenil anarquista!!!
FLARLY WE RIDE
OccultHawk is online now   Reply With Quote
Old 06-21-2018, 05:48 PM   #78 (permalink)
Fck Ths Thngs
 
DwnWthVwls's Avatar
 
Join Date: May 2014
Location: NJ
Posts: 5,676
Default

Well if youre ****ed enough to need any emergency loan at least it gives you an opporunity vs saving and having no credit where if you dont have enough youre ****ed right there. At least wih the former you can go about living with a lesser income while you payback your debt.
__________________
I don't got a god complex, you got a simple god...

Quote:
Originally Posted by elphenor View Post
I'd vote for Trump
DwnWthVwls is offline   Reply With Quote
Old 06-21-2018, 05:52 PM   #79 (permalink)
one-balled nipple jockey
 
OccultHawk's Avatar
 
Join Date: Dec 2010
Location: Dirty Souf Biatch
Posts: 14,741
Default

Quote:
Originally Posted by DwnWthVwls View Post
Well if youre ****ed enough to need any emergency loan at least it gives you an opporunity vs saving and having no credit where if you dont have enough youre ****ed right there. At least wih the former you can go about living with a lesser income while you payback your debt.
Can’t deny it.

Facts is facts
__________________

¡¡¡brigada juvenil anarquista!!!
FLARLY WE RIDE
OccultHawk is online now   Reply With Quote
Reply

Thread Tools
Display Modes

Similar Threads



© 2003-2019 Advameg, Inc.