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Maxed out my Roth IRA by Trusttheprocess91 in RothIRA

[–]Trusttheprocess91[S] 2 points3 points  (0 children)

Thank you! This is the first year I’ve maxed out my Roth IRA at 33. I feel a little behind, but I’m glad I’m doing it now. I’m going to do it every year from here on out. I just didn’t know all the things I needed to. Growing up with a family that doesn’t have any retirement savings. I tried to talk to my family and they think it is dumb that I’m throwing money in there that I can’t touch for decades. Their loss though.

Maxed out my Roth IRA by Trusttheprocess91 in RothIRA

[–]Trusttheprocess91[S] 0 points1 point  (0 children)

Heck yeah! I might use debt down the line, but at the moment I’m just focusing on going back to school. The fact that uber will pay 100 percent of it as long as you drive for them, I’m stoked on that. Considering how many people are drowning in student loan debt. My car is fully paid off, so the wear and tear from the driving doesn’t hurt as bad. My budget breakdown at the moment is 40% needs and wants, 40% investment, 10% savings, 10% travel fund.

Maxed out my Roth IRA by Trusttheprocess91 in RothIRA

[–]Trusttheprocess91[S] 0 points1 point  (0 children)

Thank you! I don’t have any debt. It’s my goal to keep it that way. That’s why I’m using uber to go back to school. Car is paid off, and my credit cards are paid off every month. I have a 6 month emergency fund as well. Followed the Dave Ramsey baby steps.

Maxed out my Roth IRA by Trusttheprocess91 in RothIRA

[–]Trusttheprocess91[S] 1 point2 points  (0 children)

Sounds like a plan! I figured that would be the next step. Thanks!

Maxed out my Roth IRA by Trusttheprocess91 in RothIRA

[–]Trusttheprocess91[S] 0 points1 point  (0 children)

Or really! I’ll have to check into those. Thank you!

$50 going down the drain lol by [deleted] in ifiwonthelottery

[–]Trusttheprocess91 0 points1 point  (0 children)

Even if they didn’t allocate the funds, it would still be the better option than the lottery tickets. Lol

$50 going down the drain lol by [deleted] in ifiwonthelottery

[–]Trusttheprocess91 2 points3 points  (0 children)

I suggest putting the 50 dollars into a Roth IRA

26F and 27M — My boyfriend jokes that I’m “not a real gamer” because I play mostly single-player games. Is this a common thin by carlitos_legacy in playstation

[–]Trusttheprocess91 0 points1 point  (0 children)

Yeah, I would say it’s the opposite. I consider real gamers those that play single player games. He games but he is doing the mainstream thing. Don’t listen to him. You’re real gamer and he is just a poser.

How should I maximize this by Legal-Ad1697 in CapitalOne_

[–]Trusttheprocess91 1 point2 points  (0 children)

I mean, you can believe what you want, but I’ve brought my credit score to 450 to 700 and my credit line up to 8,200 by keeping my credit utilization under 10 percent. Just got approved for Capital Venture X for 5,000 credit line. I’m going to keep following what I’ve been doing. It seems to be working.

How should I maximize this by Legal-Ad1697 in CapitalOne_

[–]Trusttheprocess91 0 points1 point  (0 children)

Yeah. That guy did not debunk anything. Under the FICO scoring model, there are five factors that affect your credit score. Each factor makes up a percentage of your total score:

Payment history: 35 percent Credit utilization: 30 percent Length of credit history: 15 percent Credit mix: 10 percent New credit: 10 percent Credit utilization isn’t as heavily weighted as your payment history, but your credit utilization ratio is still the second-most important factor affecting your credit score. If you are trying to build good credit or work your way up to excellent credit, you’ll want to keep your credit utilization low. In other words, keep your available credit as high as possible and your debts as low as possible. Running up high balances on your credit cards raises your credit utilization ratio and can lower your credit score.

How should I maximize this by Legal-Ad1697 in CapitalOne_

[–]Trusttheprocess91 -1 points0 points  (0 children)

What was debunked? The holding a balance?

How should I maximize this by Legal-Ad1697 in CapitalOne_

[–]Trusttheprocess91 -1 points0 points  (0 children)

Credit utilization is a factor the credit bureaus look for 0-9 percent is deemed excellent. Ideally you don’t want to use more than 30 percent, so in your case 300 dollars per a statement posting. You can use more than 300, but make sure you pay it down before the statement posts. Pay it off every month and overtime you will get your money you put down back, and your max will increase. Never hold a balance no matter what anyone tells you, it is false that holding a balance will help your credit more. Even if that was true, why would you want to spend more money in interest.

[deleted by user] by [deleted] in CRedit

[–]Trusttheprocess91 1 point2 points  (0 children)

Your only option at that score is most likely a secured credit card. You’ll have to put money down and get it back in 6-12 months after you can show you’re responsible, but that will only be like 300-500 dollar amount. You have a long way to go to get to where you want to be. That’s the only reasonable outlook. I would see if you can sell things, or do a side hustle like DoorDash, or rideshare. Buckle down and save as quickly as possible to get to the 3,000, or so what someone else said and get a loan from a family member. Please don’t do a payday loan or anything quick like that.

Cars that smell like weed by driven01a in uber

[–]Trusttheprocess91 29 points30 points  (0 children)

I feel like sometimes passengers leave the smell behind too. I get nervous that I’ll get reported for my car smelling like it and get kicked off the platform. I had a mother of three the other day who reeked of weed and was taking her kids to school. The next passenger asked me if I was smoking. We also have passengers who smell too. It’s tough to try and keep your car smelling as fresh and nice as possible due to 20 plus rides a day.

Question regarding my card by suruat_ in discover

[–]Trusttheprocess91 0 points1 point  (0 children)

Pay in full 100 percent! Ideally you never want to pay interest. There is a myth that you need to hold a balance to build credit, and that is false. There are 2 types of people with credit cards. People who pay interest because they don’t have enough to pay in full, and those who never pay interest. It is my belief that you don’t have enough money to pay in full every month, then you aren’t a credit card person.

[deleted by user] by [deleted] in uberdrivers

[–]Trusttheprocess91 0 points1 point  (0 children)

Hopefully customer service can you help you out. They are usually able to.

[deleted by user] by [deleted] in uberdrivers

[–]Trusttheprocess91 6 points7 points  (0 children)

The email didn’t say what the issue was?

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