reefmate75
Member
Hello im here to talk about all them americans that want to be rich, and how they can do it earning as little as some of us do, this is not talk on how to get rich quick as "really" getting rich is a slow and a life long endevor AND BEING SMART with your money is the only way to get rich
im starting this thread just becuase im board, and money is what i know, well and welding to as thats what i do for a liveing hahaha
anyways im going to start this out with a little story about myself,
i was 18 years old and bygoly i knew it all!!! i knew how to borrow money! and borrowing money was how i was going to get rich, so i had to build my credit right? so i got a creditcard and i used it spairingly as i knew the % was a rip off but i wanted my credit to go up, in 6 months i got my credit up and had 7!!! yes 7 credit cards with a ballance of around 20 thousand in debt on them and remember i was still 18 and though i was going to be rich...how stupid i was!
well on with the story 7 cards, 20k in the hole but my credit was 760ish and i got aproved for a duplex i was going to live in one side and rent the other side out for more then half of the total morgage, smart right? no it wasnt smart that was the one thing i did that i will never forget as that is my driveing force to not take debts
needless to say without getting all the way into the story, the 1800 a month morgage and the 1000 a month credit card payments would be enough to put a 18 year old in the ground, i was earning around 2100 a month at my job was good for 18 years old, and i also was getting 950 for the other part of the duplex well i didnt get as much for the rent as i was thinking i would and then i ended up liveing it felt like off of my credicards i was paing cards with cards and paying morgage with cards and my money i made shessh i dont even remember where that went it was somewhere in there but it just wasnt enough, card debt went to around 45 thousand in the hole and i couldnt take it anymore, i sold the duplex and moved back in with my mother...embarassing to say the least as she always told me to take it slow and never pay more then i made, remember i was 18 almost 19 now i did all this withen 1 year of being out of my mothers house
but luckly i sold the duplex for 37k more then i paid for it as i got a good deal on it and was a reason i bought it, that 37 thousand went to the cards, and i paid the rest of the cards off withen 6 months thanks to my mother for letting me stay with her, she was a HUGE help in my live for teaching me to stand on my own feet, i begged and begged her to get me out of my gam but she said my life was my life and i had to find a way to get out of it on my own
(remember people that my own mother told me to take it slow and dont get into deep many times, and she could have easily paid off my debts and i under stand now why she didnt) the only help she gave me was support and a place to lay my head
im starting this thread just becuase im board, and money is what i know, well and welding to as thats what i do for a liveing hahaha
anyways im going to start this out with a little story about myself,
i was 18 years old and bygoly i knew it all!!! i knew how to borrow money! and borrowing money was how i was going to get rich, so i had to build my credit right? so i got a creditcard and i used it spairingly as i knew the % was a rip off but i wanted my credit to go up, in 6 months i got my credit up and had 7!!! yes 7 credit cards with a ballance of around 20 thousand in debt on them and remember i was still 18 and though i was going to be rich...how stupid i was!
well on with the story 7 cards, 20k in the hole but my credit was 760ish and i got aproved for a duplex i was going to live in one side and rent the other side out for more then half of the total morgage, smart right? no it wasnt smart that was the one thing i did that i will never forget as that is my driveing force to not take debts
needless to say without getting all the way into the story, the 1800 a month morgage and the 1000 a month credit card payments would be enough to put a 18 year old in the ground, i was earning around 2100 a month at my job was good for 18 years old, and i also was getting 950 for the other part of the duplex well i didnt get as much for the rent as i was thinking i would and then i ended up liveing it felt like off of my credicards i was paing cards with cards and paying morgage with cards and my money i made shessh i dont even remember where that went it was somewhere in there but it just wasnt enough, card debt went to around 45 thousand in the hole and i couldnt take it anymore, i sold the duplex and moved back in with my mother...embarassing to say the least as she always told me to take it slow and never pay more then i made, remember i was 18 almost 19 now i did all this withen 1 year of being out of my mothers house
but luckly i sold the duplex for 37k more then i paid for it as i got a good deal on it and was a reason i bought it, that 37 thousand went to the cards, and i paid the rest of the cards off withen 6 months thanks to my mother for letting me stay with her, she was a HUGE help in my live for teaching me to stand on my own feet, i begged and begged her to get me out of my gam but she said my life was my life and i had to find a way to get out of it on my own
(remember people that my own mother told me to take it slow and dont get into deep many times, and she could have easily paid off my debts and i under stand now why she didnt) the only help she gave me was support and a place to lay my head