Psycholit
Psycholit t1_iyd9fzi wrote
I've used Capital One for years and it's fine. no problems so far. their high-interest savings account rates are currently like 3% which is pretty good.
Psycholit t1_iwkwrc5 wrote
Reply to Best karaoke rooms in town? by Top_Elephant_19004
Just rented a room last weekend at Lair Ktv. Was awesome. Expensive but worth it. Yakitori boy i hear great things about but is often sold out so call far in advance
Psycholit t1_iuihm05 wrote
Reply to I have 5 credit cards. Will taking out a small personnel loan help my credit score or is it not worth it. Buying a house 75% down in 24 months is the primary reason. by [deleted]
Do not take the loan. It will not do anything for you. Your credit is absolutely fine; about 700 will get you a very good rate. You are overly fixated on credit score.
I would be more worried about whether a bank will offer you a mortgage without an income -- even with 400k in savings.
Psycholit t1_j6okvc5 wrote
Reply to I just accepted an offer for a much higher paying job than I’ve ever had before. What can I do to start building wealth and using all this extra disposable income correctly? by drewing12
Congratulations on the new job!
Try to minimize lifestyle creep. You've been living comfortably at $65k, so make sure you barely even see the extra income. I would proactively increase your pre-tax retirement contributions through work, and also increase the percentage of your income that goes straight to savings rather than checkings. Keep the amount you're living on the same or almost the same.
Other people have linked or referenced the PF 'prime directive.' It's basically a flowchart that tells you the ideal way to do exactly what you're asking. Follow that.