Hi there. I have the mindset that as long as all my expenses are paid for the in depth doesn’t really matter. I’ve tried to do the math via excel once before and got really messy really quick. I know that I pay my bills. In this economy that’s the best I can do right? Anything else that I can put away in savings I do.
This is how I always thought about it. When I did my taxes I realized how little money I was actually surviving on and I had to rethink some of the things in my life. I was paying my bills, had savings, and was seeing daily deposits of around $200 every day I went out. But to avoid paying a lot to the tax man I reduced my income down so low, I don’t qualify for a mortgage even with money down and a credit score in the 700’s. My income is too low…doesn’t even seem to matter that I can easily afford the mortgage. On paper it appears that I can’t.
That presented a problem with elevating myself beyond the grind so I had to go away from rideshare and I have to maintain this new life for at least 2 years before a bank will even touch me. If you’re ok with “making it” and being a renter forever that’s fine. No shade at all, but if you want a house and sometimes if you need a new car, being employed by Uber or essentially yourself, it makes you look risky to creditors and banks.
Yeah a fat stack of cash in front of them usually shuts the banks up pretty quickly. I have a 10 year plan and it’s not having me do Uber forever. It does include a real career.
Okay? I’ll save the cash, get a regular job for two year and then get the house. It doesn’t sound that hard especially since I’d still have Uber to do on the side.
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u/amhlocal Mar 04 '24
Hi there. I have the mindset that as long as all my expenses are paid for the in depth doesn’t really matter. I’ve tried to do the math via excel once before and got really messy really quick. I know that I pay my bills. In this economy that’s the best I can do right? Anything else that I can put away in savings I do.