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Comments:
I'm truly not sure how it happened; I've had an 850 for a few years now. I've had car loans but always paid them off early. My "oldest" credit card is from 1984, I don't use it, but I won't close it. I've never been late on anything and finally paid off that mortgage. Currently we have zero debt.
Post: House of Cards
Link to comment from October 8, 2023
On the subject of credit cards, this might be widely known, but I recently discovered that if you pay your card total before the closing date the amount that gets reported to the credit bureaus is zero. My credit rating stays at 850 unless I miss that early payment. Paying the total monthly still dings my rating by 11 to 15 points. Who knew!
Post: House of Cards
Link to comment from October 7, 2023
At least once a year hire an independent financial advisor on an hourly basis to review your portfolio and how best to draw that 4% from it.
Post: When does it make sense to hire a financial advisor?
Link to comment from April 15, 2023
At my first job after graduating from college, the CFO recommended investing fully in the company's 401K plan. He recommended a stock mutual fund. I invested the max allowed for 30+ years.
Post: How did you get started as an investor?
Link to comment from April 15, 2023
Don't buy one.
Post: What’s the best strategy for getting a good deal on a car?
Link to comment from April 15, 2023
Earn and save as much as you can, spend as little as necessary and stay invested in index funds.
Post: What should be the top financial priorities for those in their 20s?
Link to comment from April 15, 2023
Bonds.
Post: What financial topic do you find most confusing?
Link to comment from April 15, 2023
Never spend more than you earn and never end a year with any debt.
Post: How would you summarize your financial philosophy in one sentence?
Link to comment from April 15, 2023