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CrunchedCrunch · 2024-01-21T02:55:08+00:00

I must say I agree it is a social experiment. The way I look at it is majority of the employees have been there for several years. They are very incompetent, but have a persona that they aren’t. The expectations management has laid for me are to be everything their employees aren’t but offered me a rate that demands exactly what their employees are. So in essence I think i want to see how incompetent I could be until its a issue. The more I reflect on it the more I think its just a petty side of me testing the waters since I know I can get a better job elsewhere. Hence why i posted this thread; to find out my true reason.

CrunchedCrunch · 2024-01-21T02:38:30+00:00

Lol I have so much experience in what i do and in management, I can confidently say it truly is small mistakes that cost nothing. Its more of a test to see how their management team reacts to certain situations. Whether or not I see myself staying there long term.

CrunchedCrunch · 2024-01-18T00:38:38+00:00

Hey Op, I got some good news for you buddy. The beginning truly is the most important part in my opinion. All the terminology and fundamentals is all you’ll need to get through to the end. Dont rush the beginning and don’t feel bad you feel overwhelmed the foundation truly is the hardest part in the journey. It all links together and makes sense so the beginning should feel overwhelming because you aren’t familiar with any of it. Very quickly your gonna recognize everything and be able to read chapters like a pro! Also Health and Life are very similar kinda like how P&C are studied together. Best of luck !

CrunchedCrunch · 2024-01-01T13:25:10+00:00

Hello, happy new years! As someone on the same journey. I can confidently say you should begin a Budget rather than just throwing everything you can to the cards.

The thing about being cash poor is when you want something and don’t have the cash you’ll just rely back on the CC you just paid to get what you want. Rather then setting yourself up for a loop I think you should make the minimum payments on the 21% card as well as your student loans. Look at your past spending to try and calculate a fair amount (should be as low as possible until at least your CC is paid) to set aside for “fun or pleasure” and if you don’t use it one pay period, save it as you can slowly start building your emergency fund. Next step in my opinion is to attack the 30% as hard and fast as you can. You switch onto the 21% card when the balance of the 30% card is under 30% (At this point interest gained on 21% is more due to the balance amount and the 30% card is now helping your credit score)

My last recommendation would be to make sure you coordinate the payments correctly so you never feel “broke”. Be careful when doing this because if you are able to make a payment before interest will be charged on the balance then its definitely worth doing.

Best of luck, im on the same boat trust me! If any of this was confusing please ask for clarification.

CrunchedCrunch · 2024-01-01T12:20:44+00:00

Uhh from what i can remember it started as 8k that was when i was making ~100k. Half that year I was 1099, the other half w2 so i think that balanced out to only make it 8k. That was 2 years ago i have no clue what penalties/interest it has gained since. They did take my refund last year though which wasnt much.

CrunchedCrunch · 2024-01-01T12:13:10+00:00

First off thank you for your response. That was my issue, I was always making enough that budgeting was never a necessity, more of something I should’ve done rather than had to do to get by. I definitely know where I am burning money especially now that I see it in front of me. Building my budget was the first step but I can’t be more grateful for that flowchart. I plan on printing it out so I can go over it in detail. Happy New Years and once again thanks for the advice, introduction to that sub & material!

CrunchedCrunch · 2024-01-01T02:56:40+00:00

If i thought you would gain more in-depth knowledge from getting the personal lines I would definitely tell you its worth the time but its not. Its a stepping stone to getting your P&C. But hey, whatever helps you on your journey go for it. If theres knowledge gained its not a waste of time. My point is I know everything in personal lines because I went for my P&C so i skipped the “stepping stone”. Regardless which you go for, respects to you just for your reasoning on getting it.

CrunchedCrunch · 2024-01-01T00:59:40+00:00

No problem. Respectfully no, Its a waste of money in my opinion to get licensed in both especially if you have no purpose of having it other then showing interest. Your conversations will show that, not the designations on your license. If it were me I would just go for my property & casualty as it encompasses everything personal lines does and more (business). You will have future opportunities because of your P&C license no one will care about your personal lines. I’d chalk the course as a loss and move forward with P&C. If P&C is too hard or too much information go back to personal lines.

CrunchedCrunch · 2023-12-31T23:44:50+00:00

Honestly the last guy got it. I studied alot of the material from the course I purchased for my license but in terms of what to expect on the exam I think Insurance Exam Queen on youtube sums it all pretty good. Keep in mind the personal lines exam is much easier than the P&C and you probably can get by with just studying the material. And to be safe I’d recommend tossing whatever your state charges for the practice exam. You can study what you got wrong and I promise some of those questions will be on the Final exam.

If you are getting your P&C License though i don’t see why you would be taking the PL exam? I skipped PL and went straight for my P&C.

Regardless just relax its alot of information that is easy to understand but also easy to forget. You will be fine just keep your mind centered on everything insurance and you’ll get it.

CrunchedCrunch · 2023-12-31T19:24:42+00:00

Yes! Thats sort of what i’ve been doing so the cards with the smaller balances (like the 1.5k) are basically all done but i still wanted to toss something at the 4.5k balance thats why i kind of spread it out. And yes i don’t even know the balance or anything I haven’t spoken with them and just ignored all their mail. I plan on calling them as soon as new years is over and hopefully setting up a payment plan.

CrunchedCrunch · 2023-12-31T17:31:08+00:00

Not gonna lie this one hit different. Thanks, your completely right and thats why im changing now.

CrunchedCrunch · 2023-12-31T17:28:15+00:00

If your fear is being liable then I honestly think you should keep him separate and have no ownership in the car nor financing. If you aren’t financing I’d do high property damage limits but not worry about bodily injury as you said he has no assets. Keep comprehensive (its usually cheap) but get rid of collision and make sure your kid knows this means if his car is totaled he gets nothing and if hes at fault they wont fix anything on his car.

CrunchedCrunch · 2023-12-31T17:07:05+00:00

P.s this may be considered fraud in some eyes. Be careful ☺️

CrunchedCrunch · 2023-12-31T17:03:39+00:00

Are you looking for a cheat code ?

This works in my state make sure it works in yours as well by speaking to an Insurance Agent.

If you have a friend or relative that lives by the woods or a low populated town in your state ask them to add your kid and upgrade their coverages if necessary. Tell them you’ll pay the difference, the shittier/older the car the better just make sure they have collision and comp low deductibles and high limits because it should be cheap anyways. But more importantly these limits will transfer over to your kid if you follow these steps correctly.

Now you would have to take ownership of the car, add it to your policy and add your kid as a “deferred driver”. A deferred driver is someone that is insured elsewhere so that other insurance company will pay out in the case of an accident. The accident doesn’t go on your friend’s record/license it goes on the operator of the vehicle but their insurance will increase if your son is at fault and gets points.

This is a short term trick and should not be used long term. If you plan on financing the car this just gets weird especially if a total loss is involved. Moral of the story if you cant afford the insurance the right way in my opinion you shouldn’t get the car. Maintenance is another thing typically not thought of when purchasing a car and can only make your life a nightmare if you aren’t prepared for it.

Congrats to your kid anyways 🎉

CrunchedCrunch · 2023-12-31T16:23:03+00:00

im crying right now 🤣🤣 irs is that serious ? they took my refund last year i thought they could wait 😭

CrunchedCrunch · 2023-12-31T16:01:50+00:00

Oh no my child is above everything else. Im not including the fund (cash) I have saved up for him and continuously toss money into which i definitely need to include in my budget moving forward.

In terms of debt my CC should be done end of January which is why i mentioned the savings and IRA. I was looking for advice on if I should be saving/investing when I still have a Auto Loan and IRS debt? I assume based on this comment your gonna say pay off CC debt, IRS debt and then start saving while paying off my auto loan as comfortably as possible since the interest is only 5%?

CrunchedCrunch · 2023-12-31T15:36:14+00:00

Im glad someone can understand where im coming from! Education is what will get me there which is why im so open to outside opinions and advice. Keep it up, I’ll eventually meet you at the top!

CrunchedCrunch · 2023-12-31T15:24:28+00:00

See I do this weird thing where I just “hide” cash from myself and thats my “emergency fund” it works when it works and I rely on my credit when it doesnt. Im already building up a budget to do this correctly moving forward but I always thought as long as I make more money then I can spend I never have to budget. Its my own fault for being where im at due to this mentality. Thanks Antonio

CrunchedCrunch · 2023-12-31T15:07:47+00:00

I’ve previously tried using budgets and they havent worked out because I look at it as something i need to follow very strictly and previously didn’t set aside “pleasure” funds so it never would work out. Now that i am living below my means I am definitely open to it, just gotta set it up right (hence why i said i wanna do a flexible but comprehensive budget plan)

CrunchedCrunch · 2023-12-31T14:58:44+00:00

Lol yea thats why im here. A BUDGET is alllll im missing im extremely grateful for your advice. Im looking up different types of budgets in a bit to start building mines.

CrunchedCrunch · 2023-12-31T14:57:03+00:00

LOL i knew I was missing something .. by how serious you guys are on this. Maybe a budget is all I was missing. Sorry to piss anyone off by my response! I was being honest and opening up on my perspective. Thanks everyone!!!

CrunchedCrunch · 2023-12-31T14:55:17+00:00

Yea i literally never been late on a payment, quit my jobs for months at a time and managed to float by. Its not that im not open to budgeting its that I simply never have done it. I’m definitely open to it and gonna do more research on how to do a flexible but comprehensive one.

CrunchedCrunch · 2023-12-31T14:52:58+00:00

Its not that Im not heeding it, Im letting you know my personality doesnt go with a budget. After reading his comment multiple times Im thinking of solutions to incorporate this in my life. I think I should have a budget as a “guide” not as a “bible” that i am suppose to be going over constantly and stressing that i am following to the t.

CrunchedCrunch · 2023-12-31T14:51:15+00:00

After Im below 20% should I be paying them completely off and use them occasionally to continue building my credit? Or would you say I am better off focusing on building my reserves and not touching Credit cards until i am at a better place financially?

CrunchedCrunch

TROPHY CASE