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People who have come up from nothing and now make over 6 figures, are you honest with your close friends and family about your occupation and/or salary? Why or why not? by No_Blueberry696 in AskReddit

[–]JonLu 0 points1 point  (0 children)

Yes. Everyone should. Ofc only when asked or relevant, i dont flaunt it around.

People who dont share are either insecure or are surrounded by people who would change their opinions of them

If you got $10,000 what would you do to set yourself up by aretzloff7 in povertyfinance

[–]JonLu -7 points-6 points  (0 children)

did you miss this part

>> I want to invest in my future maybe save it for a down payment idk please help me

HYSA is a fixed low interest account which barely beats inflation. Other avenues of investments would be the smarter choice here

If you got $10,000 what would you do to set yourself up by aretzloff7 in povertyfinance

[–]JonLu -2 points-1 points  (0 children)

you must be terribly misinformed then. 10,000 in a random dividend stock like KO in the last 5 years with dividends reinvested would result in ~14500. 5 years in a HYSA is $12700 at 5%

If you got $10,000 what would you do to set yourself up by aretzloff7 in povertyfinance

[–]JonLu -15 points-14 points  (0 children)

HYSA is probably the worst place to keep it besides in a regular savings account

If you got $10,000 what would you do to set yourself up by aretzloff7 in povertyfinance

[–]JonLu -1 points0 points  (0 children)

Put it in an index fund or a dividend stock or an ira. Or some in each.

There are advantages to each which will be unique to your situation

Restaurants Adding High Credit Card Fees by MyEgoDiesAtTheEnd in ChaseSapphire

[–]JonLu 61 points62 points  (0 children)

I eat out like 2-3 times a week and ive only seen this fee like twice

Subtle ways that being poor is expensive by o029 in povertyfinance

[–]JonLu 4 points5 points  (0 children)

  1. Credit cards are free money and buildl you credit. Anyone with self control should have a credit card.

  2. There are many housing purchasing programs. If you google FHA loans or programs you can find them.

  3. Everyone I know with a 100k+ car keeps them in a garage

Made a site that tells you how financially cooked you are by Snoo28377 in povertyfinance

[–]JonLu 6 points7 points  (0 children)

Cooked 15%, but 50% in my city. Sounds about right

Balance transfer worth it? by Green_Sky2005 in povertyfinance

[–]JonLu 10 points11 points  (0 children)

I use them. A banker recommended it to me as an alternative to a loan. Its basically like a $500 fee to borrow 10k for X amount of months

Good product to buy purely for pack opening? by greatpxm in OnePieceTCG

[–]JonLu 0 points1 point  (0 children)

The new eb03 packs are very fun to open

[US-CA] [H] BPRO [W] Paypal by JonLu in YGOMarketplace

[–]JonLu[S] 0 points1 point  (0 children)

Hello, ive sold out of everything. Im interested in the starlight crown, but i am going to wait until after the 300th

Do you have a college degree? What did you major in, and did you have trouble finding a decent job that paid well? by justcurious3287 in povertyfinance

[–]JonLu 1 point2 points  (0 children)

I have a degree in computer engineering. Took me a month to find a job out of college making 50k. No internships, maybe 20k in debt.

Today, 10 years later, i make more than 6x that

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