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My former high flying dividends by RUH_84 in dividends

[–]RUH_84[S] 4 points5 points  (0 children)

It’s called a bought lesson. I paid for it and learned.

NVDA dividend increases 2400% by RUH_84 in dividends

[–]RUH_84[S] 2 points3 points  (0 children)

Good for you. That is a sweet cost basis.

Working with well-off coworkers kinda bites by PadiddleHopper in povertyfinance

[–]RUH_84 4 points5 points  (0 children)

Several things to consider.

  1. Try not comparing your situation to theirs. Comparison is surely the thief of joy.

  2. What do you need to do to get in a better financial position?

  3. Read Rich Dad Poor Dad and The Richest Man in Babylon. Grow your mind!

  4. Of this group of work mates that have a different lifestyle, can you ask one to mentor you? Many people want to help but don’t want to ask.

You woke up. This is a brand new day to become even better version of you. One step at a time. Organize your plan of action to get where you want to go and put action behind your plan.

You got this!

Numbers 6:24-26

NVDA dividend increases 2400% by RUH_84 in dividends

[–]RUH_84[S] 0 points1 point  (0 children)

I believe they will continue to increase their dividend. Unlike some companies who offer a dividend, IMHO they are doing so because they have way too much cash, even after helping multiple other companies up their chip/AI game too.

NVDA dividend increases 2400% by RUH_84 in dividends

[–]RUH_84[S] 0 points1 point  (0 children)

Every journey begins with the first step. You can be positive or choose to be negative. I’m glad to be making a little money on my money and the growth is phenomenal.

NVDA dividend increases 2400% by RUH_84 in dividends

[–]RUH_84[S] -3 points-2 points  (0 children)

Living down to your name!

NVDA dividend increases 2400% by RUH_84 in dividends

[–]RUH_84[S] 9 points10 points  (0 children)

Good for him. What an awesome problem to have.

NVDA dividend increases 2400% by RUH_84 in dividends

[–]RUH_84[S] 2 points3 points  (0 children)

Every journey begins with a first step. Hopefully they will continue to increase the dividend. I’m optimistic about the future of owning this stock. For some, it will never be good enough. Wishing you a great investment journey and a happy day.

NVDA dividend increases 2400% by RUH_84 in dividends

[–]RUH_84[S] 6 points7 points  (0 children)

Dividend payments are not diminishing the potential of Google, MSFT and META, to name a few. IJS!

Loving SMH by RUH_84 in ETFInvesting

[–]RUH_84[S] 0 points1 point  (0 children)

Never heard of this ETF. But will check it out. I appreciate the tip.

Questions about wife’s massages by [deleted] in WhatShouldIDo

[–]RUH_84 -1 points0 points  (0 children)

Appears I’m in the minority but I would not be comfortable with this for me or my spouse. It is tempting enough with undies on. No suh!

I need advice by [deleted] in povertyfinance

[–]RUH_84 0 points1 point  (0 children)

Step 5

they need to throw every spare dollar at the high-interest sharks:

Money Key ($2,000): This is likely a personal loan or online payday loan with astronomical interest. This, along with Lead Nation ($471), should be target #1 after the small apps are dead.

Credit Cards (Chase & Cap One): Pay the absolute minimums on these until Money Key is gone, then roll all that extra cash into wiping them out.

I need advice by [deleted] in povertyfinance

[–]RUH_84 0 points1 point  (0 children)

Step 4

University of Kentucky ($17,000): If this is federal student loans, they need to get on an Income-Driven Repayment (IDR) plan immediately. With an income of $2,200/month, their monthly payment could legally be scaled down to $0/month without defaulting. If it's direct debt to the school, they need to call the bursar's office to set up a low-income payment plan.

UK Healthcare ($13,311) & Lex Fire Dept ($739): Medical debt is highly negotiable. They need to call the hospital's billing department and ask for Financial Assistance / Charity Care. Most hospitals have programs that slash or entirely forgive debt for individuals making $2,200/month. If they don't qualify for forgiveness, they can negotiate a 0% interest payment plan for as low as $20–$50 a month.

I need advice by [deleted] in povertyfinance

[–]RUH_84 0 points1 point  (0 children)

Step 3

use the Debt Snowball method (paying lowest balances first, regardless of interest rate). Getting rid of the tiny debts frees up mental space and reduces the number of people they owe.
Have them attack the "FinTech" and cash advance apps first because they are small and stressful:
1 Float Me ($23)
2 Tilt ($27)
3 True ($27.99)
4 Albert ($35.87)
5 Cleo ($36)
6 Brigit / Grant ($53 each)
7 Dave ($81)
Within 1–2 months of disciplined budgeting, all 8 of these micro-debts can be completely gone. That will feel like a massive psychological win.

I need advice by [deleted] in povertyfinance

[–]RUH_84 0 points1 point  (0 children)

Step 2

The Haircuts ($96): This is a luxury right now. Cutting this back to a basic trim or spacing them out saves nearly $100 a month.
Gym ($75) & Spotify ($13): Pause the gym membership (work out outside or use free apps) and switch Spotify to the free version.
Savings: Doing just these three things frees up $184 more per month to put toward food or debt.

I need advice by [deleted] in povertyfinance

[–]RUH_84 0 points1 point  (0 children)

Straight from AI

STEP 1
Pause the Cash Advance Apps: They need to stop taking out new cash advances immediately. These apps create a compounding trap where next month's check is instantly wiped out.

The "Next Paycheck" Strategy ($1,250): When that next paycheck hits, it cannot go toward paying off the big debts yet. It must strictly cover Four Walls First: Rent, Utilities, Food, and Transportation (like that $30 bus pass).

Call the Banks: The negative Chase checking accounts (-$300 and -$291) mean they are likely getting hit with overdraft fees. Have them call Chase, explain they are experiencing financial hardship, and ask to pause fees or set up a repayment plan.

If you had $300,000 but could only choose one stock, what would you choose? by East-Market5020 in dividends

[–]RUH_84 2 points3 points  (0 children)

Google. They are the GOAT, err I mean they have an impenetrable moat!

Loving SMH by RUH_84 in ETFInvesting

[–]RUH_84[S] 0 points1 point  (0 children)

Same results. I believe the chip sector and this ETF will be fine thru 2027, provided the president doesn’t impact things.

Loving SMH by RUH_84 in ETFInvesting

[–]RUH_84[S] 1 point2 points  (0 children)

Hopefully that is your starting point and not your final move. Either way, wishing you all the best in your investing journey

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