SharkWeekJunkie
SharkWeekJunkie t1_iya5vwn wrote
To me it’s less about income and more about net worth. If your making 20k as a fry cook and have 100 million in the bank you can buy a 100k car. I wouldn’t want more than 10% of my net worth tied up in depreciating assets. So by my rule of thumb your need 1 million in the bank.
SharkWeekJunkie t1_je9h7u5 wrote
Reply to Why are we encouraged to charge everything to a credit card but get penalized for high credit utilization? by New-Row7111
They are paying a game with you and your money. That’s why it’s called a score. And guess who made the rules. They did.