Zilvian Center for kids who can't finance good: & Finances, Credit, Card, Score

[KAT-PWR]

Don't buy things you don't have the money for
Pay your bill early, consider paying bills on time as being "late"

I just got my first credit card at 22 maybe 6 months ago and I'm up to a 710 credit score. I would consider this my biggest financial mistake. However I have a growing stock portfolio I started putting money into at 20.

A PENNY SAVED IS A PENNY EARNED... YOU MUST MUST MUST SAVE MONEY THERE IS NO EXCUSE AND NO REASON NOT TO.
MAKE
A
WAY

Originally Posted by cbeuglas

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For those of you with 10K+ credit limit on a card; what type of card is it? I'm trying really hard to increase my credit limit on cards but for Chase Freedom the increase request is a "hard" inquiry on the credit which will impact your credit score.

Here is my question why does it matter if your credit card is over 10k? Would you have 10k to pay it off at the end of the month? If you are making 10k a month you are the man!

A higher credit limit lends more credibility in the financial realm.
This is valuable for future large purchases like houses and cars.
Also knowing if worst case something happened you could float yourself comfortably through hard times if absolutely necessary.

[bmaddock]

Originally Posted by KAT-PWR

... I have a growing stock portfolio I started putting money into at 20...

Any advice on how to start doing this?

[Mister.E]

Originally Posted by bmaddock

Any advice on how to start doing this?

+1

I would love to invest but have no idea where to start. Starting a credit line was easy because nothing is really at risk.

[JM216S14]

Originally Posted by Mister.E

+1

I would love to invest but have no idea where to start. Starting a credit line was easy because nothing is really at risk.

You got to do the work. Read Read Read Read and then Read some more. Find books with good value from reliable sources not the ones that say you will make millions your first year, I'm sure it does happen but not often.. (you can snag books on amazon these days for pennies) DEFF do not waste your time paying money to Tim Sykes or bullshit like that. Investing takes a lot of time and effort to figure out what the markets are doing and understanding what everything means. Ton's of different ways of going about it too.