topic Re: Where will you be in four years? in SmorgasBoard

Where will you be in four years?

Uborrow-Upay — Tue, 16 Oct 2012 04:05:14 GMT

The title asks the question.

Got plans?

Re: Where will you be in four years?

CreditScholar — Tue, 16 Oct 2012 04:09:02 GMT

Uborrow-Upay wrote:
The title asks the question.

Got plans?

In terms of credit, or in general?

Re: Where will you be in four years?

Revelate — Tue, 16 Oct 2012 04:26:12 GMT

I'll play.

In four years:

Hopefully married with at least one kid and trying for a second.

Have a mortgage in a school district that doesn't suck.

Creditwise:

720 FICO, may be a stretch as I still have some paid negatives that won't be gone by 2016.

Amex BCP

US Bank Cash+

Likely either Chase CSP or BOFA Travel Rewards Preferred

Some USAA card, primarly for limit and balance floating

May keep the Zync that long, if Amex lets me. Removing balance from FICO '04 calc for the complete win.

Possibly some other card to round out my portfolio depending how often I still continue to eat out (betting kinda rarely).

This all presumes that there is no changes in rewards in the industry (yeah right), but if I were four years ahead right now, that's what my target would be.

Re: Where will you be in four years?

masscredit — Tue, 16 Oct 2012 04:17:14 GMT

My BK was discharged the beginning of '10, 9 months later, two credit cards, one of them secured, $700. total credit line. Jump ahead one year, 3 cards, about $1500. in available credit and a high interest auto loan. Now, 8 cards, total credit line getting close to $10k, still have the auto loan (needs to be refinanced). By this time next year, I'd like to have about $15k in available credit (maybe more), getting into prime cards and the auto loan refinanced. Four year from now, hopefully what happened to me when the economy took a dive is just a story that I tell while sitting around with buddies once in awhile. I doubt I'll be back where I was before unless I come up with another good business idea. But I hope to not have to wonder if I'll be approved for credit when I want/need it. Maybe even a new mortgage.

Time heals old wounds and credit as long as you take care of them!

Re: Where will you be in four years?

webhopper — Tue, 16 Oct 2012 04:23:59 GMT

Uborrow-Upay wrote:
The title asks the question.

Got plans?

Answer: not a freaking clue. The best laid plans of mice and men often go awry. And leave us with naught but grief and pain instead of promised joy.

Re: Where will you be in four years?

creditnocash — Tue, 16 Oct 2012 04:25:58 GMT

hmm ill play as well.

ill be 25.

no inq on reports.

aaoa with amex's help should be about 5 years by then so at least 730 scores (since i currently have no baddies and dont plan on getting any)

moving to san diego or pheonix. (from new england)

graduated with my double major in comp sci/business.

no school debt.(associates done already and debt is 0)

in at least a 1 year relationship with some brunette bombshell.

just taking life easy.

p.s. planing on buying a new car. towards the end of that pipe dream.

edit: this should probably get moved to the smorgas boards/

Re: Where will you be in four years?

Dustink — Tue, 16 Oct 2012 05:44:28 GMT

I will be 25.

Goals: Progress:

Own at least 1 positive income investment home. $9k for the down payment and closing costs.

Have at least a BA degree with no student loans. Completed about 110 credits.

$50,000 in a diversified investment portfolio $30,000 Mutual funds, P2P loans, precious metals

Get current car paid off then get a different car with my own cash. Borrowed $15k from a relative and still owe them $3,900.

$250,000 in revolving credit limits with utilization between 1-4%. Up to about $20,000 longs ways to go.

Good stable credit score near 800 Fluctuates rapidly but settles between 720-730

Re: Where will you be in four years?

Dustink — Tue, 16 Oct 2012 05:35:45 GMT

What about you OP? What are your plans?

Re: Where will you be in four years?

CreditScholar — Tue, 16 Oct 2012 05:54:38 GMT

In general? I'll probably be doing the same thing I'm doing now, as I'm quite happy with where I'm at and how things are progressing.

Credit-wise? Who knows, products come and go so often these days. 4 years ago nobody had ever heard about the CSP. Now plenty of people want it, and I'm sure in 4 years time there will be something else that everyone wants.

Re: Where will you be in four years?

Dustink — Tue, 16 Oct 2012 06:03:44 GMT

Making any big decisions like house purchases? Got any investment goals in mind?

Re: Where will you be in four years?

CreditScholar — Tue, 16 Oct 2012 06:09:52 GMT

Dustink wrote:
Making any big decisions like house purchases? Got any investment goals in mind?

I already own my house in the US outright since I purchased it with cash. I considered purchasing a second home here where I work, but given that housing prices are tanking and there's a decent chance we'll be in recession in this country come 2013-2014, I passed on that idea.

Unless something drastic changes, I'll likely become a CPC within 4 years. I'm not concerned regarding investments and retirement in the same way as most others are, so I count myself as pretty fortunate.

Re: Where will you be in four years?

Dustink — Tue, 16 Oct 2012 06:21:11 GMT

I think the end of 2013 will be a good time to buy for the average market. Some areas are already seeing rapid improvement while others are still tanking.

Have you ever thought about buying an investment home? Rent it out until you are ready to sell at a later date.

I guess this is a credit card board, so I am a little OT. Sorry about that.

Re: Where will you be in four years?

CreditScholar — Tue, 16 Oct 2012 06:21:11 GMT

Dustink wrote:
I think the end of 2013 will be a good time to buy for the average market. Some areas are already seeing rapid improvement while others are still tanking.

I meant where I'm currently working, which is outside the US. We missed the recession and still have quite low unemployment (5.4%). Things are slowly changing though, so buying at the start of a downturn didn't seem like a smart idea.

Re: Where will you be in four years?

Dustink — Tue, 16 Oct 2012 06:23:29 GMT

CreditScholar wrote:
Dustink wrote:
I think the end of 2013 will be a good time to buy for the average market. Some areas are already seeing rapid improvement while others are still tanking.
I meant where I'm currently working, which is outside the US. We missed the recession and still have quite low unemployment (5.4%). Things are slowly changing though, so buying at the start of a downturn didn't seem like a smart idea.

It is interesting how things ripple through the world. I wonder if the problems where you are could be related to the prolonged slow down of the US economy.

Re: Where will you be in four years?

CreditScholar — Tue, 16 Oct 2012 06:38:33 GMT

Dustink wrote:
CreditScholar wrote:
Dustink wrote:
I think the end of 2013 will be a good time to buy for the average market. Some areas are already seeing rapid improvement while others are still tanking.
I meant where I'm currently working, which is outside the US. We missed the recession and still have quite low unemployment (5.4%). Things are slowly changing though, so buying at the start of a downturn didn't seem like a smart idea.

It is interesting how things ripple through the world. I wonder if the problems where you are could be related to the prolonged slow down of the US economy.

To an extent yes, but it has more to do with local and regional factors. As I said previously I'm not greatly affected by this, so I'm more of a spectator of sorts.

Re: Where will you be in four years?

RockinRay — Tue, 16 Oct 2012 12:01:00 GMT

How about 4 years closer to being able to retire! :)

Re: Where will you be in four years?

ImprovingYouth — Tue, 16 Oct 2012 13:49:58 GMT

Where will I be In four years...

School-wise hopefully I complete my bachelors, and am well underway for my masters/PhD at a halfway decent University.

I am married now with a one-and-a-half year old boy and a girl due Novemeber 9th, so hopefully I will have the financil prowess to put both kids into early education private schools.

I am going for a mortgage near January, so hopefully I will be in my house for some time and have all necessary repairs and luxuries added to my house, with a hot tub and hammack round back.

Creditwise I'm hopeing to have at least one AmEx account, and at least one CC with a balance of over 10k. More importantly hopefully I will secure a decent car loan of something I can enjoy riding around it (Boss 302 stang comes to mind).

Re: Where will you be in four years?

migliogiorni — Tue, 16 Oct 2012 14:20:47 GMT

Have a Masters in Psychology, with a credit score of 740 or above no baddies, defenitely not married yet

Re: Where will you be in four years?

Xtina0508 — Tue, 16 Oct 2012 14:39:01 GMT

In 4 years I'll be 31. The boyfriend has promised me a “5 year plan” since we started dating – in 4 years, we’ll be 6.5 years into our relationship, so I better be married ;) and hopefully we’ll be building our dream home and will have aquired more commercial property (the boyfriend owns a few large apartment buildings already).

School – fingers crossed that I’ll ACTUALLY have my degree by then. Working 2 full time jobs and going to school part time, when I have time, is putting a damper on those plans as of lately.

Credit wise, I hope to be in the high 800’s with $0 balances across the board and $0 debt owed (no car payments, etc). I’m on my way there now!

Re: Where will you be in four years?

Uborrow-Upay — Tue, 16 Oct 2012 15:21:01 GMT

Dustink wrote:
What about you OP? What are your plans?

To be happy. I give that my best shot, every day.

That seems to make other people happy, too, which is a bonus I'll take all week long.

I am proud to have been a member of this forum for the last four years. I've learned a great many things here, and still do, every day.

And I am proud of each and every one of you, especially the younger members here, for your contributions and your insight. You've made me better than I was before I got here, which is quite the trick, seeing as how I was already perfect! lol

:smileyhappy: