Omfg. The taxes on my grand fathers million dollar plus mini mansion in Orlando aren't that high. holy smokes.
Depends on what you do with that credit... I got my first card at 19 or 20, and by 26 my FICO was over 800. Having little to no credit history can keep you from making mistakes, but won't help you with a mortgage. But I know people who have taken their credit in the other direction at an early age, so one strategy isn't going to work for everyone.
I have seen that getting into something with lots of money, means that people make more expensive mistakes. As they tend to not be careful with their money. As long as you are thoughtful with your money, so far it sounds like you're making the right choices, you'll do just fine.
No, keep the job, invest the money and learn how to put up with crap because it will be worse if you are owning your own truck. Some people make it out as a great thing, but no one talks about the failure rate or the fact this industry is saturated (low rates anyone?) with people struggling to keep their head above water.
Quit paying taxes on it, then tell us that. I am not being derogatory towards you in any way. In all reality we never completely own our homes, we just pay the government rent twice a year. To the op I would investigate your work possibilities. Do you have a plan and a goal. I am leased on doing local type work. In other terms if I spend the night out it's my choice. It depends on how I want to run. I do pretty well with the current job. My ultimate goal is to to get my own rights and be completely independent. I felt the best way to achieve this goal was to lease on and learn the ropes that way. There is solid advice here. I would encourage you to become debt free. That will put you ahead in many ways. If you do become an o/o do you have a plan, I mean long term. I believe most fail because it's easy to see short term benift, not the longterm reality(unknown). Do not let your feelings or emotions make your decision. You don't want to leave the best job you ever had to find out you hate the new one.
Yep, I pay nearly $6k per year, Cook County. Id rather be around the City,(Actually taxes are cheaper,Much cheaper for Chicago residenrs), As opposed to us burb guys. Wouldn't want it any other way though,Easier to conduct my business being closer to my customers, The $$ I would lose by Living in rural areas to save on property taxes would not equate to any more profit. Let alone being far from family,friernds AND my freight!
Which according to the comment right before that: So, by your own words there is really no such thing as debt free. You only repeated exactly what I had already said while trying to simultaneously bash me for having given that advice.
Not bashing I said I wasnt being derogatory towards you in any way. It was tongue & cheek a bit. I am sorry you took iy the wrong way many apologies. In all reality we can never really be debt free. You will most always have monthly expenses that you owe for, electric bill insurance etc. I was referring to big ticket items such as a mortgage or vehicle paymentthings of that nature. The lower your monthly expenditures are the easier it is to ride out a slow down in work.
Yeah they are, or it isn't actually worth a million. Most millage rates around Orlando are in the 17 range. I pay 3500 a year on a house that goes for between a quarter and third of a million, but county appraisal is just over 200k.
