Hey, I was wondering if someone needs credit to buy things. People in my family have said I wouldn’t be able to buy a car or a house without credit. But if I’m saving up cash to pay for things outright, do I really need credit?
Note: I’m sorry if this is the wrong place to ask.
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Also something to realize is that buying things on credit isn’t always a bad thing. If you have $30,000 to buy a car, and get 0% financing, you can do a lot with the rest of that cash while paying off the car. (as long as you don’t miss any payments, or do anything that will charge you fees)
Buying things with a credit card can also protect you from problems, many credit cards have strong fraud and warranty protection.
Keeping a credit card for emergency purchases that you may not have the immediate cash for can also be helpful, as long as you do it responsibly.
Wealthy people use loans, credit, and delayed payments to maximize their portfolio.
Pretty much, yeah. You can probably save up to buy a cheap used car, and you may be able to save up to buy a new car, but you definitely won’t be able to just pay cash for a house unless you’ve got so much money the rules of personal finance are totally different.
You also need good credit to rent most apartments and to get many kinds of jobs.
Edit: I almost forgot, cashback is pretty cool too. 2% of your expenses for the year can be quite nice.
I’ve created a plan to save $1,000-$2,000 every month for 25-30 years at a realistic interest rate of 2-3%. By the end of it, I’d have around $886,389.54.
If you intend to put this money away for a long time, and you won’t be tempted to take it out prematurely, it would be wise to invest in a low cost index fund (invest in stocks and bonds, basically). If you are in the U.S., you can invest in a Roth IRA and take the funds out prematurely ONLY if it is for purchasing a first time house. You earn far more interest that way.
This account’s post history is a fucking WILD ride.
Yeah, I hear that a lot, but my personality is more of a wild ride. If you knew me in real life, you’d either be scared of me or think I’m a blast to be around, no matter how psychotic I can get.
I sorely wish there was a follow button 😭
Yeah no, from your post history, you’re a habitual liar full of attention seeking behavior. You say outrageous things in the hope that it’ll get people to respond. That’s not “scary” or a “blast” it’s annoying, like an adult who should know better acting like a five year old.
Honestly, that’s the funny part. I have rarely, if ever, lied in the past few years. I just don’t see the point. If people don’t wish to accept me or don’t like what I do, I don’t exactly care. Sometimes, it’s fun to keep the argument going. But yeah, that’s not all I was getting at. I do meet the psychopathic spectrum, which has deeply influenced my life. I see the world and perceive what’s right and wrong drastically differently. Also, if you think what I’ve said here is what I’m talking about, no. It’s what I say on a day-to-day basis that can be absolutely out of this world gruesome and insane but that also opens the door for crazier ideas and more fun, including taking bigger risks. While it’s true that the portrayal of psychopaths in media often focuses on a lack of empathy or emotion, the reality is more nuanced. Psychopaths can indeed experience a range of emotions, though they might feel or express them differently. For me, while I used to feel a broad spectrum of emotions, I now mostly experience love and negative feelings. Since the only positive emotion I experience is love, it has significantly amplified both the depth of love I feel and the amount I can give to others. Now that I think about it, it’s always been that way. My favorite thing is ensuring others don’t go through what I experienced.
Please talk to a licensed medical professional and take a break from the internet until you get better.
Honestly, that’s the funny part. I have rarely, if ever, lied in the past few years.
Then you’ve been going through a psychological break and posting things with zero connection to reality. That’s not better, that’s worse.
I find it perplexing that some perceive what I share as disconnected from reality. Everything I post reflects my current life experiences, including my personal growth and related developments. My medical team is aware of these experiences, and they are corroborated by others who have witnessed them.
Regarding the capacity to love, it is a frequent topic of discussion. Why should there be a limit to the number of people one can love or care for? The idea of restricting this capacity to just two or four people seems arbitrary and unnecessary.
I have consulted both a psychiatrist and a therapist. Both professionals have confirmed that my experiences and thought processes differ significantly from those associated with psychological breaks or schizophrenia, contrary to some family members’ concerns.
Not gonna answer this, could easily pick out the lies in this comment just from comparing to your post history, I think I understand fully now why involuntary commitment exists.
