C o n f u c i a n
New member
I graduated from a prestigious university (undergrad) w/ a 3.6 gpa in Hispanic Studies and International Studies (if all else fails I have a degree to fall back on)
I recently had $30,000 in my Scottrade account. I decided it was very risky and wanted something more tangible. I pulled out $20,000 and bought a foreclosed home.
So I now have roughly $10,000 in my Scottrade account.
I now have a foreclosed home that is fully repaired and I am renting it out for $795/month.
I still owe roughly $10,000 in student loans.
I have roughly $2,000 in credit card debt.
If I can score big again in the market (slowly but surely over the next few months) then I will have enough for a second foreclosed home by January/February and collect roughly $1500 a month for the two.
But for now we are talking $800 a month, no job but I trade stocks all week (on a good week I make $2000 but that usually doesn't happen, on a bad week -$1000, I aim for $500 a week)....-$10,000 in student loans with a payment that will kick in monthly of $60 a month starting in January....credit card debt totaling $2,000 (roughly $100 a month minimum payment).....And I also trade in my dads account for free....He started an account with $49,000 in January and it is now worth $95,000....It was worth $115,000 a few weeks ago but I started getting into options trading and let's just say it is a b!tch!!! Sticking to stocks for now...
EDIT: I live w/ my parents and my gas, cell, food, house, insurance, everything is paid for.....So no bills except my credit card debt which will hopefully be reduced by 50% w/in a couple months....
EDIT 2: I have enough money to pay the debt because it is called leveraging my money....I get to keep my money in my account, increase it, while only having to pay a small monthly fee on the credit cards....My credit card balance is not enough to rack up high interest....My credit card balance will not take 50 years to pay off, I will have it paid soon....
EDIT 3: I trade in my own account but also in my dads account (two different accounts)
I recently had $30,000 in my Scottrade account. I decided it was very risky and wanted something more tangible. I pulled out $20,000 and bought a foreclosed home.
So I now have roughly $10,000 in my Scottrade account.
I now have a foreclosed home that is fully repaired and I am renting it out for $795/month.
I still owe roughly $10,000 in student loans.
I have roughly $2,000 in credit card debt.
If I can score big again in the market (slowly but surely over the next few months) then I will have enough for a second foreclosed home by January/February and collect roughly $1500 a month for the two.
But for now we are talking $800 a month, no job but I trade stocks all week (on a good week I make $2000 but that usually doesn't happen, on a bad week -$1000, I aim for $500 a week)....-$10,000 in student loans with a payment that will kick in monthly of $60 a month starting in January....credit card debt totaling $2,000 (roughly $100 a month minimum payment).....And I also trade in my dads account for free....He started an account with $49,000 in January and it is now worth $95,000....It was worth $115,000 a few weeks ago but I started getting into options trading and let's just say it is a b!tch!!! Sticking to stocks for now...
EDIT: I live w/ my parents and my gas, cell, food, house, insurance, everything is paid for.....So no bills except my credit card debt which will hopefully be reduced by 50% w/in a couple months....
EDIT 2: I have enough money to pay the debt because it is called leveraging my money....I get to keep my money in my account, increase it, while only having to pay a small monthly fee on the credit cards....My credit card balance is not enough to rack up high interest....My credit card balance will not take 50 years to pay off, I will have it paid soon....
EDIT 3: I trade in my own account but also in my dads account (two different accounts)