Update on my Question About Money

Question

Started with $19,000 or so from my mother's insurance policy in August. Was going to invest it in something. Didn't.

Now stand at a little over $6,500 after simply paying bills and buying a new laptop for work (tax write-off, but still an expense).

I just don't know what to do. Thinking of buying a small house in Florida or something cheap so that at least I have something in my name, however with my shit credit I'm not sure if I would even qualify.

CMJohnson1 · Answer

Started with $19,000 or so from my mother's insurance policy in August. Was going to invest it in something. Didn't.

Now stand at a little over $6,500 after simply paying bills and buying a new laptop for work (tax write-off, but still an expense).

I just don't know what to do. Thinking of buying a small house in Florida or something cheap so that at least I have something in my name, however with my shit credit I'm not sure if I would even qualify.

depeche2 · Answer

I guess it would have to be really small for $6,500.As long as you spent it on stuff you needed and bill that had to be paid, then don&#x27;t sweat it.

wallstreetcappers · Answer

I hope those bills were near collection, to spend 2/3 on bills is very unfortunate..

CMJohnson1 · Answer

Already pretty much in default status with Sallie Mae. Monthly payment is about $750 a month. Still paying off a car loan for a car I no longer own (thank you quality Chrysler vehicles). I'm in a commission position, so owe the IRS $1,300 in taxes from 2008. Just a bunch of little shit basically

DAWGPRINT · Answer

first thing u need to do is pay the IRS.

IF the money has helped you along for the last year, then it's been a benefit. It sounds like you've needed it pretty badly. Why wouldn't u pay your house note with it? You've got to have a place to live!

BOL

bucknuts · Answer

I say try forex....start a mini account with 2k...there are threads up from over the last year plus and i been steady making $$...

CMJohnson1 · Answer

I have been paying the IRS...I&#x27;m not fucking around with them.  Set it up so that they take a certain amount out of the checking account once a month

CMJohnson1 · Answer

And what exactly is FOREX?  I&#x27;ve been reading the threads and trying to keep up..  is it simply buying and selling of currency?  How much stocks/bonds are involved?

bucknuts · Answer

Open a practice account at any broker,theyre free and you trade in real time with the rest of the market....its simply trading currency with leverage

Update on my Question About Money

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