Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
Not buying $100 bitcoin when it was $0.00001
Thats just the gen-z version of not investing in apple in the 90s. Missed opportunities are not the same as actual mistakes, they all involve risk and things that blow up like BTC are rare and hard to see before they are take off. Its best to not kick your self over not having a time machine.
Then it would probably be getting credit cards.
Kids, don't get credit cards, sure there are some benefits but unless you are anal about your finances 24/7, you are going to mess up at some point. Instead, just save your money if possible and pay cash for everything. I know housing is super expensive and one can't just save money for a roof so there are some exemptions, but don't let the exceptions become the norm. Also, fuck those loans to buy daily stuff in multiple payments, there should never be a reason for you to need that (hopefully I'm not super disconnected from current financial reality)
Credit cards are fine if your responsible with them. Don't run balances (unless you have to), use them as a buffer for your checking account, not a loan. Try and find one associated with your main bank, set a low balance limit (less than your savings, and try to get your savings over that limit), has decent rewards and has low fees. They are not in the business of screwing their existing customers, unlike a retail card, which has less of an incentive to behave.
The key adventage if you good at being a boring banking customer is dispute resolution. In the case of debit cards, you have to go after your own money. With credit cards, the bank has to go after its money, and they can put more effort into it than you can. (Plus enough credit card disputes will cause the card processor to drop the vendor, so... You have that card to play).
And your 100% correct on the micro-loan nonsense, thats not finance or credit, they are a scam.
My finger was hovering over buying about 250$ worth of bitcoins at around 0.20USD a pop. Back then I was pretty broke. I had been unemployed for a bit was burning through savings and struggling to pay rent, so it was hard to justify.
Same here, my paycheck barely covered my expenses and putting down $100 on some "crypto funny money" seemed like throwing money away