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I think what you said is great, especially about having 100% of the cash to buy something, before you buy it, so that you 100% know you will be able to pay that bill and avoid the super high interest rates on credit cards. And, there is nothing wrong with not using credit cards. Especially if you don't have a job that pays $200,000+ per year so you can afford to buy a house. But for someone making $35,000, of what use is credit? I suppose that buying groceries and gasoline and getting cash back is fine, and worth it. And making sure you can return items if there's a problem. But the way a lot of people talk about credit cards, is that they are some kind of holy grail. But for people who are halfway intelligent, I don't think that financial expert is really that necessary. Just read a lot of great books on the subject, watch a lot of videos, and manage it yourself. It's not that difficult. Why even pay someone. But, this does not apply to someone who has super high worth, like $250 million plus, but it's kind of dumb to talk about them, because they're going to know what to do anyways, or at least 99.9% of them. Also, try to develop a talent stack that actually is valuable, if that's what you're going to do. Nothing wrong with learning how to grow roses, for example. That is a hobby, not a skill or talent, in my opinion. Sure, maybe one out of 100 million will somehow write a book on rose growing, but that is the exceptionally rare exception. However, learning to landscape and taking classes at your local college and getting certifications is a different issue. But even then, you have to be able to actually DO it if needed, for money - so you have to be able to life heavy stuff, work in the sun all day, etc. If you can't, what's the point. Same with your example of painting - that's a pretty useless thing to learn. And again, this is in terms of money, which you stated in the first part: "1 bit of general financial advice though: develop your talent stack" Learn computer programming. Learn plumbing. Learn auto repair. Stuff you can make money at. And again, nothing wrong with doing stuff as a hobby because you enjoy them, but that is a different topic. |