I am planning my ideal future life

[Deleted member 22918]

Realistically i need a couple hundred thousand euros for it

Buy land on the top of a mountain with neighbors far away

Get good internet there

Build a cool chill house with big windows and roof terrace and shit

Get a dog or two

Get 20 chicken

Get 4 goats or so

 

[Deleted member 14693]

Realistically i need a couple hundred thousand euros for it

So it will never happen?

 

[AscensionMan98]

Realistically i need a couple hundred thousand euros for it

Buy land on the top of a mountain with neighbors far away

Get good internet there

Build a cool chill house with big windows and roof terrace and shit

Get a dog or two

Get 20 chicken

Get 4 goats or so

You could debt max but mortgages the bank just takes back the house. The only debt max that can work in the short term as long as you don't plan on going back to society is credit card debt maxxing. So spend a few years getting as good a credit score. Use that to take out as many " personal loans " you can on your projects. Use your existing car as " collateral " for extra loans , as well as maxing out your credit card and paying the bear minimum on it ( generally its like 3-5% of the total amount you borrow per month ).

Then you can take that money to build some cabin in some remote part of the country, or live near some rural place. If you have to work you would have to get paid in cash because the debt collectors can track electronic payments made to your social security number , and could technically sue you and then garnish your wages which would be pretty bad.

But If you don't work you could cabin max and then go hunting in some appropriate designated area and live of that. You could also acquire som e cows and chickens for milk and eggs. Hunt deer and other game for meat. Now your set without having to live off society.

 

[Deleted member 22918]

So it will never happen?

Depends. Maybe i'll get lucky

 

[AscensionMan98]

Depends. Maybe i'll get lucky

Best of luck brother. What does your income stream look like

 

[Deleted member 22918]

Best of luck brother. What does your income stream look like

Web stuff. It's enough to survive rn, but it's scalable without limit theoretically

I just need to take it more serious and have luck on my side

 

[AscensionMan98]

Web stuff. It's enough to survive rn, but it's scalable without limit theoretically

I just need to take it more serious and have luck on my side

Sending you well wishes. Inshallah you get the big tendies. I would say if you want to scale it up and need funds consider a personal loan instead of a credit card. Interest rates are lower for personal loans and if you can show your bank statements for the past few months as proof of your income and your credit score is good , you might get a decent amount of funds. Only disadvantage of a loan is any un-used funds your still paying for as you get the whole amount.

If your not sure even a ball park figure of how much your gonna use then a credit card from a credit union is a better option . You can acquire supplies with the credit card, and if some vendor doesn't accept you could do a cash advance , tho the APR is very high , generally 7-12% higher then the usual apr .

But that is for bank credit cards. Credit Union credit cards tend to have substnaily lower interest rates and some of them don't charge extra APR for the cash advances, giving you a lot of flexibility. You could technically even do a cash advance and then use some funds for trading, though you have to be careful as you can take out too much and lose.

Here I know a lot of bank credit card apr are like 19-25%, and add an extra 7-12% for a cash advance, so 26-37% APR ( too high ). Credit unions some of them offered a flat rate of 10-15%, and a 15% fee for cash advance . So credit union credit cards are a lot better. Only disadvantage is that if your abroad and something happens you won't have any branch to go to.

 

[Deleted member 22918]

Sending you well wishes. Inshallah you get the big tendies. I would say if you want to scale it up and need funds consider a personal loan instead of a credit card. Interest rates are lower for personal loans and if you can show your bank statements for the past few months as proof of your income and your credit score is good , you might get a decent amount of funds. Only disadvantage of a loan is any un-used funds your still paying for as you get the whole amount.

If your not sure even a ball park figure of how much your gonna use then a credit card from a credit union is a better option . You can acquire supplies with the credit card, and if some vendor doesn't accept you could do a cash advance , tho the APR is very high , generally 7-12% higher then the usual apr .

But that is for bank credit cards. Credit Union credit cards tend to have substnaily lower interest rates and some of them don't charge extra APR for the cash advances, giving you a lot of flexibility. You could technically even do a cash advance and then use some funds for trading, though you have to be careful as you can take out too much and lose.

Here I know a lot of bank credit card apr are like 19-25%, and add an extra 7-12% for a cash advance, so 26-37% APR ( too high ). Credit unions some of them offered a flat rate of 10-15%, and a 15% fee for cash advance . So credit union credit cards are a lot better. Only disadvantage is that if your abroad and something happens you won't have any branch to go to.

I'll think about. Don't really like the idea of loaning money. but i'll consider if i start making a decent amount of money

 

[AscensionMan98]

I'll think about. Don't really like the idea of loaning money. but i'll consider if i start making a decent amount of money

Yea its not something you need to do asap, its just can speed up the process if your trying to take things to the next level. You have to be fairly certain tho you operation is expanding and working well, as if not you can end up being in a lot of debt and then be a debt slave.

The main advantage of a credit card is say your going on a expensive vacation and are going to go back to your job after 2 months, instead of burning through your savings you put like 80% of the expenses on the credit card and then pay off like 10% of the balance each month as you continue to get new income from your job. This way you can hold on your savings you built and then pay with future money.