Not sure if you have chosen a broker yet but fidelity is probably your best bet, they offer a ton including fractional shares which you will want with your low capital

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A smart business owner would never take out a loan or line of credit for combined personal and business use. Why would you want to start an entirely new business when your first one is just now breaking even? How many employees do you have already?

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Savings accounts that have a signup bonus but offer close to 0% interest rate. Are they hoping you will just put the money in and forget about it? Is that how they make money on it?

I can only think of some issues you have to worry about.

You should/need still keep track of the cards. But more cards means more to track. If you are up to the task then it's not really a problem. A spreadsheet and credit card binder would be useful. But consider that you will want to (a) physically secure the card against unauthorized persons using it (b) monitor them for unauthorized use (setup notifications to warn you if someone uses them in fraud) (c) More accounts you will want to keep open. It can hurt your credit if accounts are closed and your average length of credit goes down. You may have to do this by buying something small like a candy bar with the card once a year. Usually your bank will send you a letter if they are going to close your accounts due to inactivity (d) make sure autopayments are on because if you do make a small purchase to keep the account open you don't want it to become past due and kill your credit. (e) it's more online accounts to secure. If you do it you may have accounts with many banks. You will have to secure those accounts against online attackers. You will want to have strong passwords for each and if they offer it 2 factor authentication. (f) More addresses/personal information to update if something happens like you move. You will want to keep your addresses current for all the cards. CC companies send out promotional or informational mail. You don't want that going to an old address where someone might intercept it and then commit identity theft or fraud because some mail from your credit card wasn't sent to your current address because you didn't update it. (g) more accounts that could be compromised in a data breach (e.g. https://www.nbcnews.com/business/consumer/us-bank-data-breach-impacts-some-credit-card-accounts-rcna54594)

If you can handle that sort of stuff there isn't a financial problem with what you are discussing. It's just logistically more you have to handle.

The only major bank I know of that offers a personal, unsecured line of credit is US Bank. I used to have a 25k line there.

You probably aren't getting close to 50 or 100 unless you remortgage the house.

If you work with your primary bank it may help in that it's easier to collect documents like statements, etc. when you apply for a loan then maybe.

But unless you are using the money to collateralized the loan or as a down payment the actual funds shouldn't matter.

Add internet bill + utilities and you looking at 3k+ which would be your entire salary (not factoring comission) or even more. Also groceries + eating out? At best you would be living paycheck to paycheck but more than likely would be dipping into savings every month just to stay above water.

I'm submitting a bid on another house that's in a small town that would be $213k or $1500/mo inclusive of tax, etc. But the bank that owns it is trying to fish out the max they can and spark bidding wars. I know for a fact they have at least one offer over list (mine, 3k over) but they pushed back their deadline to get offers in. Even though it's less per month, I'm still not gonna overpay for it, so I'm not raising my bid.

So if that one falls thru, my next pick is a bigger, brand new construction, with builder incentives like 10k towards closing and point buy, 4k lender credit, etc.

I live in a low COL state. $4600 is after me contributing 8% to 401k (for a combined 15% between my employer and I). I feel like $2000 + $200ish for power + $80 for internet + $80 for water/sewer/trash for a combined $2360 with $2300 left over leaves me in a decent spot, considering 2.5 years ago I didn't even bring home that much.

I do have a teenage daughter who will turn 16 next year, she'll dent the budget a little, but I feel like we could make due and hopefully in 2-3 years rates will be down again. My truck is paid off and I work from home, so she could drive mine some, or I could spend $10,000 or so on her a good used sedan. We'll just have to eat in and stuff more than we do now while we're at my parents.

Definitely doable especially if you're single making that much. Just make sure to budget your other recocurring monthly costs.I live in Southern California so a 2k mortgage sounds like a dream.

I would say it depends on the size of the loan. If under 10k - sure, but if a large sum you have to strategize. Either way one more card and bonus won't hurt if you have great credit. I'd be curious what others think as I'm not too sure of how student loans work vs. credit.

No, it’s too expensive you should be spending 28% of your gross income on housing max

Agreed. OP sounds like an addict. It's either drugs or shopping or eating out 3 times a day. But it's something. Where's all that money going when you don't have any bills?

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I dunno what piti is but that’s inclusive of tax, insurance, etc.

Its an extravagant price. Live cheap on ur own first. Stay at home its cheaper

Depending on the interest rate or your debt, you should be paying that first before HYSA.

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Points taken! You’re killing it with the advice, man. :) Thanks a billion.

Roth if you’re under 30. Give it a few years to make the call on whether or not you’ll make more in retirement and then switch to traditional if appropriate. Plus it allows you to contribute “more” since you paid the taxes already (6500 post tax>6500 pre tax).

Curious- small banks. They offer a little bonus to join (maybe like 200 USD for 15 debit card transactions) and eat a little loss up front. Do they make money just based on their location/being very convenient for locals to use?

What's stopping someone from just switching to a bigger bank (for the convenience nationwide, more ATMs and support, etc)

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Awesome! Thanks again, this has been super informative. I’ve read a little about IRAs but didn’t know if it was an option for me. Excited to delve further in and get one started!