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This made me laugh, one of my best friends is from Danbury, definitely iffy lol I went to UCONN

Your credit score should not go down because they base it off percentage utilization, lower the better. Are you sure you did not close an account? That would lower it because it would potentially decrease the average age of your accounts.

If you do not have the discipline to pay them off every month or overspend using them the rewards just are not worth it. If you can use them properly, its just some nice little perks. If you aren't in the best financial position, can be too tempting to use. Yep, I have had to learn a lot of...

You're good, I did not get mine together until I was around 30, you can get some of them taken off too if you put in a little work. You got some time before you are going to need it though. I go int trouble with credit cards young, paid them all of a few years later and was done with them all...

Just avoid the negative marks that stay on your record like late payments, the utilization side will resolve itself as you pay off your debts and you shouldn't need to use it until that is done anyway

If you can get to a 50%+ investment rate and do it for 5-10yrs, you can build that foundation to set you up for life and let time and compounding do its thing. That is basically what I did and could stop investing new money all together and be absolutely fine. Would just suggest hold off on the...

I'm sure once the bull market gets really moving and has a lot of media attention, the fomo will make many of them. Then it will crash lol

As long as there is fiat currency it will always go up just for the simple fact fiat currencies will always inflate in comparison, granted at a slowing rate. If fiat currencies dies and we enter a new paradigm of money and value, the relative purchasing power will always increase since...

Over time, the ETF and being a standard fund allocation going to take a lot of the volatility out just from major funds continually re balancing alone. However, going to be a lot of upside as they try to build out those positions to reach that percentage allocation. Just for some perspective...

Depends what cycle you are referring too and there is a lot of big money outside of the top handful of banks. Not saying some were not involved but plenty of other entities could move the market, especially when it was a smaller Market cap. Foreign govts, wealthy families, endowments, hedge funds

Fidelity has been pro bitcoin for probably 10yrs now

The only thing that makes me think we may have some more room to run is most small retail isn't even in bitcoin but for the most part alts hoping for the 100x. If you think markets typically do what maximizes pain, for retail that would probably be bitcoin running why most alts just go sideways...

Heard from a few legit guys I follow that they think a left translated cycle where we peak early sometime in the next 3 to 6 months is very possible. Like you, going to pay attention to overall market euphoria and ideally sell the majority if not all of my alts and some GBTC I have in a Roth. I...

I know a lot of very wealthy people 10M+ who bought their personal residence in cash or live in a paid off home when they could have or had those rates. Most entrepreneur types that have staying power are conservative in their personal lives because of the volatility in their...

This is definitely somewhat of a concern and always been on my radar. It is a big reason I keep a healthy percentage of my net worth in some form of self custody outside of the traditional system. Probably a little overkill but I do not have faith in the govt and it helps me sleep better at night.

You are missing some major pieces of the puzzle with this. The wealthy are not getting there by carrying consumer debt to have more money to play in the market. Most who get and stay there like @BeExcellent are pretty conservative financially in their personal lives. They get there by owning and...

You have to be realistic with who is executing, a blanket statement that it is better probably does not apply to 90%+ of the population who will not execute. Where as paid down debt will always be a positive without any negative downside risk. I imagine you consider yourself Savvy, have you...

Again, how many people actually do that and how many people either blow it on lifestyle or some other investment strategy that doesn't work out. In theory it sounds good but most people do not actually execute something that would be net beneficial.

There is nothing wrong with paying down their debt, no matter the interest rate. Most people need to be saved from themselves when it comes to investing and many do not actually follow a strategy that would outperform or actually invest the money. They will do something like trade sh*tcoins and...

The key word in this is CAN which is possible but most people do not have the the aptitude, experience and time to actually pull this off. It takes a huge time commitment and years and years of experience to develop and sort of edge. It is possible though, I have vastly outperformed the market...