This time last year a nikka had $0.03 in his savings account

[semicko82]

honestly a lot can change in a year. I'm BYKE!!

I was looking at my January statements from last year

CC #1 $ -7222
CC #2 $ -5085
CC #3 $ -2855
CC #4 $ +15.15

Savings account: 0.03
Checking account:1700

A nikka was in the fukking HOLE and literally BLEEDING money to interest charges (CC #1 took $600 in interest alone through 7 months before I transferred the balance.I'm scared to add up the total interest across all three cards, don't need anymore negativity in my life LOL) worst came to worst when my grandpa died At the end of January. I spiraled for the next 6 months. Made very little money(I work on 100% commission) .

Imagine only having enough to for the $125 minimum payment then getting slapped immediately with a $105 interest charge


Things came to a head in July of last year. I tried harder at work. Paid down what I could, opened up a new CC(LOL) at 0% APR and lied about my income so I could have a higher limit. Balance transferred about 10k and spent another few thousands paying down and as of today I'm debt free!

Now I'm paid off on ALL my CCs and have roughly 15k in savings

I hadn't really thought about how far I've come in a year until I sat here and reflected looking at the numbers.

Thankfully no student loans since I'm a drop out

What’s your secret breh

 

[Balla]

What kind of sales job u get? And did u need experience at all?

Planning on maxngnour my IRA contribution and doubling my savings to 30k by this time next year

A lot of people have the means to do what I did. Just too many people like to spend money on bullshyt.

 

[Field Marshall Bradley]

DId you get a significant increase in income over the past year?

 

[Sad Bunny]

Congrats bro

Keep going!!!

 

[princeofhaiti]

Keep those savings in a high yield savings account like Ally its all online you would make 300 a year just by doing this.

Next thing you need to do is go to vanguard and sign up for a Roth IRA and invest in something like SP 500

I think american express has high yielding saving accounts as well
How much would u invest into a ROTH IRA?

 

[The Radiant One]

I think american express has high yielding saving accounts as well
How much would u invest into a ROTH IRA?

Max it out 6k the beauty of the roth ira is that it grows tax free so when you retire you pay no money to uncle sam.

 

[J.E.T.S]

I gave up. Kept paying minimums and it seemed like it got worse. fukk credit. Unless a miracle happens, my shyt going to collections soon. This time last year I had a 700 credit score. It's like 500 now. fukk my life.

 

[DeuceZ]

Ima need to seriously tackle my debt this year. The amount of $ I spend on alcohol alone

 

[Geek Nasty]

Said it before debt is slavery. And credit cards make it so easy to get into high interest debt.

 

[Rozay Oro]

I need to get the bag this year

 

[cartierhoe]

Good shyt breh

Care if I ask what do you work in? Need inspiration myself as a college student

 

[Field Marshall Bradley]

What’s your secret breh

He ain’t gon tell ya.... and truth be told.. the whole post is suspect

 

[dterpsss]

You essentially were able to save up 30k , congrats, Cashflow is the cure for debt if living wisely

 

[Actually6Foot3]

He ain’t gon tell ya.... and truth be told.. the whole post is suspect

Shut to hoe ass up

Ive already told people what i do

If you got a mouthpiece and you're not working in SALES. Just go ahead and COMMIT THAT!

 

[Actually6Foot3]

Good shyt breh

Care if I ask what do you work in? Need inspiration myself as a college student

See my previous post