> Other 60-70% I would invest in undervalued, positive cash flowing companies.

Gambling. You're taking a loan and paying interest to gamble the money.

Thank you! I will start with there!!

2% per adjustment, 4% lifetime. So if it adjusted now, it would be 2% over what we have now, which still isn't bad. Point is, 2% change over 5 years gives you time to prepare. What if it adjusts every 6 months up? No thanks. Too risky even for me, and I've never had a fixed mortgage.

Exactly, the liability portion of an insurance policy should always follow the car as the *owner* of the car is liable no matter whom is driving.

That’s wildly underpaid, we start junior chemists at 30/hr. Fresh out of undergrad with 0 experience. A analytical lab chemist, mid level, should be 80-100k a year. Maybe it’s your area, or maybe aerospace pays less than Pharma. Also, LA is not a manufacturing hub for Pharma, so not a good place to be a chemist. I’m east coast, and always have been, so can’t speak to your area. I can say everywhere I have been pays more in lower COL areas.

I know. We are trying to figure out how to properly prove his income.

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All depends on your interest rate on the student loans... 2%? Drag out the payments as long as possible, that's free money you can even put in a high yield savings account and make more than the interest charged. 7%? Pay it off, because you're not going to find something that's likely going to have a higher return.

IMPORTANT if you do put it toward your student loans, make sure you have it applied to principal; if that's not an option when you pay, speak with someone at the lending company to make sure that happens.

With virtually zero expenses, why would you take out any loan? At 5 years, a $25K loan is roughly $500/mo. payment. That’s huge. You may want to get an apartment one day in the next 5 years.

And look at it this way: why would some company give you a loan without any indication of how you will pay it back, since you currently don’t have an income. Crossing their fingers that you’ll have a job? And a $25K loan over 5 years

I have a student loan with a lower percentage than that 2.4%, I think) but have been paying off that $25K for 15+ years. And there will certainly be some charges for deferring it 6 months. Either higher interest or huge fees added to the principal.

My advice: unless you ABSOLUTELY need the money, run. Run far and fast.

I actually use to be a hairdresser so I'm familiar with that. That's very helpful thank you.

If I took the loan, plan would be to put roughly 30-40% in my high yield savings account with 4% APY. Other 60-70% I would invest in undervalued, positive cash flowing companies.

I'm pretty risk averse, so I would be pretty cautious about borrowing money to invest.

Do you have a job lined up that you will be using to make the payments, or are you planning to pay it back out of the money invested?

If you need the loan proceeds to pay off the loan, you could still do something pretty conservative with the money like a treasuries ladder (if in the US) and just pay it off if the yields on those ever go below the 3% interest you are paying. Assuming you can do an early repayment with no penalty.

If you don't and are confident you can make more than 3% on the money over the course of the 5 years, and can just leave the money invested for the long-term, so you're just kick-starting your investing with this money, then that's less concerning. But if you're using income to pay back this loan that you should be putting in an emergency fund or investing in retirement savings etc., I wouldn't.

Agree with most commenters. I can’t really imagine a scenario where I would go all the way through an interview process, land the role, negotiate the package, accept, submit my notice, and then take a counter offer.

Eh, $23 would be petty. $2300 is a big chunk of change.

https://consumer.ftc.gov/articles/using-credit-cards-disputing-charges#exercise

I'd be filing an FCBA complaint with the FTC and CFPB.

>If you disagree with the results of the investigation

>Appeal the decision within the time period the issuer gives you for payment or 10 days of getting the explanation, whichever is later. If you want to appeal, write to the issuer and tell them that you refuse to pay because you still dispute the billing error. But know that, at this point, the issuer can begin collection procedures.

>FIle a complaint with the Consumer Financial Protection Bureau.

I wish I had put money away when I was younger and let it grow in my IRA. It would be huge now. I say work through the winter, then play this summer. And put the money to work!

Your lifetime cap is 2%? Or adjustment cap? Most ARMs have both.

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Again, it's about timing. Your rate at adjustment is based on an index plus a margin. Right now most indices are at all time highs due to inflation, so if you adjusted today, you'd be screwed. Whereas a loan that adjusts every six months (again with a cap) would peak, but then start coming down as inflation and the corresponding index start coming down.

Yea there's other factors that could be big decision makers here

But I will say at 21 typically work / life balance isn't as big of a deal as when you're older and have more responsibilities

Being 21 you really should "go for the money" and start your retirement investments

When you're 21 you can find time to have your fun at all odd hours and recover from it so working some OT on the odd weekend shouldn't be a deal breaker but to each their own!

even without the super, i consider it a no brainer. I value my weekends

Your partner proves his income by filing taxes and formally claiming the income. If he's doing everything under the table, he can't really prove anything.

I live in Los Angeles and work in aerospace as an analytical chemist and make $20/hr

Lol don’t ask for advice If you are going to disagree with the critiques. 140k combined salary is not enough for all of these things. If one thing goes wrong you’re SOL.

Ask Chase for the tracking info provided.

You're not getting far with taking Chase to court, they did their job. They're a bank, not insurance against scams.

Exactly. Except I had to contact them to find out why it went up. Next month it goes back down by about $200 because they have caught up.

The earlier you start the better, seriously google retirement investment age charts and see the power of compounding interest, it's INSANE.

This was one of my no.1 reasons I would go with Job no.2 , they're giving you free money for something that when you're young you (like you indicated) are typically not very interested in but NEED to be, so they do it for you which is the best way to do it, out of sight out of mind and doing work passively for you.

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