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Yup, no matter how good my credit got, Credit Karma never stops yelling at me to get more accounts because they really want you to have 10+ or something dumb. It's a number that doesn't ever really make sense unless you are someone professionally churning cards (is that thing still?) or you are in your 50s and have already had a dozen different loans and cards used and paid in your history. They are really bad about not telling you that while getting 10+ accounts would help you (a little, because its a minor factor) all the associated changes will hurt you much more!
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Sep 18, 2018 15:27
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I don't know the scale that Mint has, but it seems like it may be close to Credit Karma. That isn't 24 credit cards though. It's counting my paid off student loans, my mortgage, current and old car loans, etc. . . .
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Sep 18, 2018 15:33
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Ashcans posted:Yup, no matter how good my credit got, Credit Karma never stops yelling at me to get more accounts because they really want you to have 10+ or something dumb. It's a number that doesn't ever really make sense unless you are someone professionally churning cards (is that thing still?) or you are in your 50s and have already had a dozen different loans and cards used and paid in your history. EDIT: Forgot what thread this was. Verus fucked around with this message at 18:29 on Sep 18, 2018 |
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Sep 18, 2018 15:42
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Verus posted:You can't order 100k in quarters every month from the treasury and pocket the rewards anymore, but in the last 3 years my churning has gotten me a few thousand in cash and 4 international vacations (for two people; Indonesia, Indonesia, Thailand, Japan). ~30 open accounts and ~10 closed from the past 3 years. Credit score is around 770. wow, how interesting, tell us more https://www.reddit.com/r/personalfinance/comments/9gtayy/young_and_dumb_how_to_get_my_debt_under_control/ posted:Young and dumb - How to get my debt under control now Losing a dog really sucks, but I'm not sure how you decide to move to Japan with no job after that.
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Sep 18, 2018 16:03
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Step 1: Go home and find a job.
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Sep 18, 2018 16:37
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Verus posted:You can't order 100k in quarters every month from the treasury and pocket the rewards anymore, but in the last 3 years my churning has gotten me a few thousand in cash and 4 international vacations (for two people; Indonesia, Indonesia, Thailand, Japan). ~30 open accounts and ~10 closed from the past 3 years. Credit score is around 770. What's the short and sweet on how it works? The one guy I know who does it is kind of a moron so I always wrote it off as a Bad Idea
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Sep 18, 2018 17:12
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GoGoGadgetChris posted:What's the short and sweet on how it works? The one guy I know who does it is kind of a moron so I always wrote it off as a Bad Idea Good question to ask in the credit card thread.
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Sep 18, 2018 17:23
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Vox Nihili posted:Good question to ask in the credit card thread. Calm down. Credit card churning is literally always BWM and i was trying to goad some OC out of this guy. Inept posted:wow, how interesting, tell us more Whiny Baby is not a good look on either of you. Push the Report button but don't gum up the thread with these boring  posts please.
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Sep 18, 2018 18:59
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GoGoGadgetChris posted:Calm down. Credit card churning is literally always BWM and i was trying to goad some OC out of this guy. I don't know what your precise definition of churning is but taking advantage of handsome credit card sign-up bonuses and optimizing point accumulation and redemption is definitely not BWM.
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Sep 18, 2018 19:22
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BEHOLD: MY CAPE posted:I don't know what your precise definition of churning is but taking advantage of handsome credit card sign-up bonuses and optimizing point accumulation and redemption is definitely not BWM. It’s BWM imo if it leads you to buying poo poo you wouldn’t otherwise. Whatever it does to your credit score is meaningless if you’re not in the market for a new mortgage 
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Sep 18, 2018 19:32
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Baxate posted:It’s BWM imo if it leads you to buying poo poo you wouldn’t otherwise. Ding Ding Ding!!! Spending goes up, up, up. That $500 signup bonus goes toward a $1,000 impulse buy, you end up using the same credit utilization but on a higher total balance, etc. The real Churners don't just sign up for a card or two and call it a day. They get into some goofy spending behavior in the name of Rewards Verus posted:it's not a big deal. Agreed that it's not a big deal, but in the same way that... playing a round of roulette isn't a big deal. Those who are drawn to it are often completely sucked into it. GoGoGadgetChris fucked around with this message at 19:39 on Sep 18, 2018 |
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Sep 18, 2018 19:37
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Baxate posted:It’s BWM imo if it leads you to buying poo poo you wouldn’t otherwise. If someone has no self-control, or if they don't understand that spending 3,000 bucks on poo poo you wouldn't otherwise buy just to get a bonus is a bad deal, then getting more than one or two credit cards is a really great way to dig yourself into a hole. Same thing if you're planning on getting a mortgage anytime soon. Otherwise it's not a big deal.
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Sep 18, 2018 19:37
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GoGoGadgetChris posted:Ding Ding Ding!!! I mean okay, but that sounds like it could apply to anything. Coupons and sales are BWM if you buy things you don't need/wouldn't have bought otherwise just to get the savings. That doesn't make them inherently BWM, like I don't do it because it sounds boring, but I'm sure there are people who successfully focus on reducing their total out-of-pocket rather than on maximizing rewards for their own sake.
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Sep 18, 2018 20:26
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GoGoGadgetChris posted:The real Churners don't just sign up for a card or two and call it a day. They get into some goofy spending behavior in the name of Rewards No True Churner
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Sep 18, 2018 20:32
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GoGoGadgetChris posted:Calm down. Credit card churning is literally always BWM and i was trying to goad some OC out of this guy. Ah, gotcha, gotcha. Gotcha. You never know when some weirdo is going to write a page and a half about how his engagement fell through due to a proposed churning clause in the prenup etc.
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Sep 18, 2018 20:48
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Vox Nihili posted:Ah, gotcha, gotcha. Gotcha. You never know when some weirdo is going to write a page and a half about how his engagement fell through due to a proposed churning clause in the prenup etc. I'll keep my eyes peeled!! 
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Sep 18, 2018 20:56
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GoGoGadgetChris posted:Calm down. Credit card churning is literally always BWM and i was trying to goad some OC out of this guy. 
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Sep 18, 2018 21:04
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Wherein a our hero accepts a "100% commission based job" that quickly turns into indentured servitude, but it's OK because the CEO seems like a swell guy and he's part of the family now: https://www.reddit.com/r/personalfinance/comments/9gsz10/incredibly_lost_i_just_dont_know_what_to_do/ Sorry I'm on mobile and I just dont know where else to turn to. Sorry for bad formatting. Using a throwaway for this I just dont know what to do. I'm currently working at a 100% commission based job and it's been about 3 months and I've made zero money. Yes, thankfully i haven't been fired yet because of the super high turnover rate. I'm currently living with a manager in his spare room so I dont have to worry about rent or any type of bills for that matter. But he said he'd only give me 2 months until I had to start. I only have $3.82 82 cents in my bank account and 3 dollars cash. I'm only able to eat once a day when my manager makes dinner and he offers me a plate. I am unable to get a 2nd job as I dont have my own transportation or enough for the bus fare. And I doubt my manager would be thrilled about giving me a lift to work. In 3 weeks my first sale will close and I'll have money I just don't know how I can survive until then with what I have. Edit: to fix font Edit 2: just to say what I do I'm a door to door roof salesman that makes 10% commission. And the industry average usually being 15k per roof. Every deal that I've had so far for some reason or another has just fallen through. For example a customer of mine had his baby prematurely and the baby was born at like 2 pounds. I've been unlucky and my boss sees that and helps me out in any way that he can. And I do live in an area where there are tons of hail and wind storms a year Edit 3: I do believe it is a legit sales job and my employers know I can do the job very well I've just had a string of bad luck. And before I just moved in with my manager the ceo paid my rent for like 2 months. This is not a mlm scam as I didn't have to pay any money to join the company. I've met the CEOs family and it is a family owned and operated business and so far I've been treated as family
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Sep 18, 2018 21:30
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Hah, would hate to be in that guys family if one plate of leftovers a day is his idea of being treated like family. Also, 100% commission job cash flow is a solved problem in non-scams, and it's called a "draw against commission".
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Sep 18, 2018 21:39
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There's warning signs and giant run dumbass signs surrounding that guy. He's basically thrown 3 months of possible pay away and god knows how much money he did have for what sounds like a good old boys scam business. Even if the roof part is true I bet the salesman were putting roofs on between hustling new sales.
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Sep 18, 2018 21:40
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GoGoGadgetChris posted:You ain't gotta do a big thing man, just dip out for like 25, 30 minutes when the thread is annoyed at ya. It moves fast and people forget I once chatted with someone who did statistical analyses for Disney, and apparently they've worked out that the average Disney fan will spend around $100K on the franchise over their lifetime. So a week in Disneyland is potentially very BWM for your kids.
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Sep 18, 2018 21:45
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Lead out in cuffs posted:I once chatted with someone who did statistical analyses for Disney, and apparently they've worked out that the average Disney fan will spend around $100K on the franchise over their lifetime. What do they mean by “average Disney fan”? My kid liked Frozen, is she doomed?
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Sep 18, 2018 21:53
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It's bad that I would rather read JS posts in this thread than GGGC's isn't it?
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Sep 18, 2018 22:05
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Subjunctive posted:What do they mean by “average Disney fan”? My kid liked Frozen, is she doomed? I forget the definition, but my vague recollection was that it was something more like "has visited Disneyland/world at least once".
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Sep 18, 2018 22:06
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canyoneer posted:Hah, would hate to be in that guys family if one plate of leftovers a day is his idea of being treated like family. No, no, you don't understand. Even though I haven't made a dollar and live on someone's floor eating their leftovers whenever they deign to give me some, the jokes on them. They haven't fired me yet. 
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Sep 18, 2018 22:25
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Lead out in cuffs posted:I forget the definition, but my vague recollection was that it was something more like "has visited Disneyland/world at least once". loving hell, Disneyland's gotten expensive
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Sep 18, 2018 22:37
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I totally believe that statistic. I have some acquaintances through work & family that are full-grown adults that go to Disneyland/world at least twice a year, and they don't live anywhere near the parks so they fly+hotel it every time. I know multiple couples like this, some with kids some without. Disneyland is their vacation, they don't really travel otherwise. I imagine that the cost is pretty bonkers. I don't get it.
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Sep 18, 2018 22:45
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Dropping $100,000 on Disney seems easy, since like... 90% of good kid's movies and 25% of good adult's movies are Disney. I doubt that being a Disney Fan causes you to spend money you wouldn't otherwise spend though. Kids need clothes and toys!
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Sep 18, 2018 22:51
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Guinness posted:I totally believe that statistic. I have some acquaintances through work & family that are full-grown adults that go to Disneyland/world at least twice a year, and they don't live anywhere near the parks so they fly+hotel it every time. My manager and his wife went a few weeks ago where they spent $84 on their first morning's breakfast, which he described as a buffet of food that tasted like it sat there since the morning prior.
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Sep 18, 2018 22:53
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Does Disneyland have tons of different restaurants or something? I hear some people just absolutely gush over how great it is, but others make it sound like a Denny's buffet
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Sep 18, 2018 22:56
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GoGoGadgetChris posted:Does Disneyland have tons of different restaurants or something? I hear some people just absolutely gush over how great it is, but others make it sound like a Denny's buffet You can eat in a restaurant that's inside the cavernous Pirates of the Caribbean ride and watch the ancient, faded "boat" carts go by on their track on the super-chlorinated wastewater. Fake swamp sounds are piped in to complete the experience. This is considered a premium dining experience. It features $30 sandwiches. Menu: https://disneyland.disney.go.com/dining/disneyland/blue-bayou-restaurant/menus/
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Sep 18, 2018 23:06
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GoGoGadgetChris posted:Does Disneyland have tons of different restaurants or something? I hear some people just absolutely gush over how great it is, but others make it sound like a Denny's buffet I feel like Denny's buffet would be gwm until you get the hospital bill
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Sep 18, 2018 23:07
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GoGoGadgetChris posted:Dropping $100,000 on Disney seems easy, since like... 90% of good kid's movies and 25% of good adult's movies are Disney. But you're probably paying a premium to get Frozen Princess instead of Generic Princess.
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Sep 18, 2018 23:12
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GoGoGadgetChris posted:Dropping $100,000 on Disney seems easy, since like... 90% of good kid's movies and 25% of good adult's movies are Disney. Every household with a cable/satellite subscription that includes ESPN is kicking $7-10 a month to Disney.
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Sep 18, 2018 23:14
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totalnewbie posted:But you're probably paying a premium to get Frozen Princess instead of Generic Princess. Lol, I have no doubt that's true, but would you ever really suggest somebody get their kid the Orson The Snow Friend t-shirt to save a couple bucks??
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Sep 18, 2018 23:17
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Depends - do they make under or over $100,000/year? But seriously, if we're talking GWM/BWM, paying more for "the same thing" is always BWM, right? But like you said... So at the end of the day, the GWM move is to never foster a love for anything in your children with a brand and make sure that the only joy they know is from unbranded hoops and sticks. Okay, wasn't that serious.
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Sep 18, 2018 23:27
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GoGoGadgetChris posted:Does Disneyland have tons of different restaurants or something? I hear some people just absolutely gush over how great it is, but others make it sound like a Denny's buffet Epcot has like 50 different restaurants, most with their own country-themed cuisines, it's kinda cool.
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Sep 18, 2018 23:36
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Budgie posted:Epcot has like 50 different restaurants, most with their own country-themed cuisines, it's kinda cool. My friend had a wedding at Disney World. Epcot was not only cool, but also the most reasonably priced part of the whole thing. Never go to Disney Village holy heck. Dustoph posted:It's bad that I would rather read JS posts in this thread than GGGC's isn't it? Nah, I totally agree
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Sep 18, 2018 23:39
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Vox Nihili posted:You can eat in a restaurant that's inside the cavernous Pirates of the Caribbean ride and watch the ancient, faded "boat" carts go by on their track on the super-chlorinated wastewater. Fake swamp sounds are piped in to complete the experience. This is considered a premium dining experience. It features $30 sandwiches. ah hem, the water at Disney is not chlorinated. That is why it smells magical.
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Sep 18, 2018 23:41
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GoGoGadgetChris posted:Does Disneyland have tons of different restaurants or something? I hear some people just absolutely gush over how great it is, but others make it sound like a Denny's buffet At Disney World there's a AAA 5 diamond coat required but they'll give you one if you don't have it restaurant called Victoria and Albert's. There's a ton of restaurants running from OK fast food for $20/person to Victoria and Albert's for $300-500/person The restaurant on top of the Contemporary is pretty awesome for sunsets and Magic Kingdom fireworks
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Sep 18, 2018 23:43
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