11 months of investing. $67k saved, debts cleared, and a portfolio just shy of a quarter million. Taking my finances seriously this year was worth it in retrospect.
I didn’t have prior investing experience. A CFA, Herman W Jonas has taken all the guesswork out ever since I got into his program. My initial capital of $15k invested over the short term yielded me huge profit plus bonuses. It’s all about accumulating wealth through compound interest investments.
People are facing a tough retirement and it’s even harder for workers to save due to low-paying jobs, inflation and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
Retirement is a lot more difficult than it was in the past, they say it’s all about balancing your risk tolerance with your long-term goals but it’s more tricky than it sounds. I’m considering speaking to an advisor to help in strengthening my portfolio.
That’s surely a way to go!!! I’ve always delegated my excesses to an advisor, since suffering major portfolio loss early 2022. I’m now semi-retired and only work 8 hours a week with barely 25% short of my $2M retirement goal after subsequent investments to date.
Thanks for sharing your experience. Your advisor must be really good, I hope it’s okay to inquire if you’re still working with the same Advisor and how can I get in touch?
My CFA, *Peter Dewitt Martin* is a renowned figure in his field. I recommend searching his name online; you’ll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@NaufalKnoechel The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Point 2, @laptop_seniors states, "I have never been late in a credit card payment!". In other words, by avoiding late fees and interest payments, the credit card company has no financial benefit to having you as a customer. They consider you a sunk cost deadbeat. Should you pay your credit card on time? Yes! Do you need to have that credit card? As the saying goes, "Not just no, but HELL NO!"
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Rebecca Lynne Buie for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
The other thing they may be looking at is that you pay off your balance every month so you will not be a money maker for them as you`ll draw benefits in the form of points and free perks but won't be feeding them interest paymets.
Same thing happened to my brother. 6-figure income while working, excellent credit, bought and sold several properties and never late on payments. He retired at 60 but two years later went to buy a new home. He got approved for a mortgage -- eventually. But, they took him through hell to get it.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I know I’ll make profits.
You are right. The best approach I feel is to diversify investments by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
My CFA Annette Christine Conte a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I plan on retiring early. I have a corporate career but started a business LLC 2 years ago. Once I retire I plan on jumping into my business at least part-time. Since I am essentially an employee of my business I will never be unemployed.
My suggestion is to not take the annual household income question on the application literally if you have a good history of being a responsible credit user *and* have additional assets you can access if needed. In other words, unless you are literally on a fixed or limited income with no ability to draw extra funds from savings at your discretion, be generous in your stated income when you are retired and can “pay yourself” with your retirement savings. Keep your credit profile consistent - update your “new” annual household income on your existing credit card accounts, too. Credit card banks do not check the annual income you state on the application.
Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
My CFA, Joseph Nick Cahill is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
If you have retirement investments, all you have to do is add a reasonable income from those investments to your passive income (SS, pension/annuity, rental income, etc.) when applying for a credit card. You don't have to actually "realize" that income, only be able to support your claiming that income potential on an application by showing the investments if the card issuer wants verification.
Great advice! Also, we are planning on getting a HELOC before hubby’s W2 income is done when he retires. I am self-employed , so I am familiar with what banks like and don’t like, and they love his W2 income!
I hear ya brother. However, please keep in mind creditors usually can't garnish social security benefits or pensions (extremely difficult). This creates a higher risk in the event of default, despite your outstanding payment history and FICO score...hope this helps
Yeah... I understand it from their point, but it was a total surprise when it happened. As I said, NO one has ever mentioned it in any financial or retirement video or article I've ever read. lol...new knowledge the hard way huh? Although it's minor because at least we're covered. It'd be a drag though for someone who retired and had maybe just one credit card and now has a hard time getting another or changing what they have.
@@laptopseniors WOW! When I was previously retired, I got two credit cards with a $10K limit on each. I remember speaking to a credit card representative and faxing a copy of my 1099R, plus a W-2 for my part-time teaching (I taught one class a semester because I enjoyed it, and I socked it away to travel to Canada or California each year). That was it. Now looking at retiring again in 3-4 years, I'm looking to close out the four additional cards I have (I have streaming digital services on each, nothing else) and get back to two. My biggest worry is that my credit score will drop because of my declining credit limit.
@@CHARLESHARDIN96yeah why? I’m 54 starting to think and plan for retirement. Currently renting and heavily debating should we buy a house.. however high prices and rates and not encouraging
I was interested in watching this because of your title. I am still working but will retire in the next 18 months to 2 years. I have one credit card and pay it down monthly when I use it, if I use it. Having debt would drive me nuts especially if I didn't have an income.
I read alot of comments that complained concerning the fee of the amex platinum card. It's basically a coupon card, and there is many ways to not only redeem but to actually benefit from this card. For me I get great value from this card. Everyone situation is different. Capital one is fickle when it comes to the venture x card. Thanks for the video
My only complaint for the Platinum over the years was the fee. It's high. But the card is stellar. And if you use all the credits, you can recoup about $550 of that $800. But for us, the free access to airport lounges more than recoups the card payment. And if you're in trouble somewhere their concierge is a big help.
If you don’t take advantage of the luxury of time in planning ahead - then you will have fewer and less desirable choices. Be thinking of passive and retirement income. Don’t get stuck on your location if it is costly - you can retire into a more affordable location and travel more or play more in your hobbies. Your money is a lifestyle resource, treat it well.
They don't want customers who pay the card out each month, they want customers who never pay the balance so they are in debt for life paying the interest.
After my BK, I applied for credit cards as a retired person but I inflated the amount of my pension. They never checked or asked for proof. Plus, when they ask to verify my income, I give myself a raise. I only use my cashback (3%,2%,1%) card with no foreign fees. P.S. I also have Venture but I pay no fees.
LOL! Now you tell me! I was honest about mine. In the "good ole days," I got two lump checks when I retired: two-thirds of my sick time (I had close to 4000 hours when both my sick banks were added together) and the other check for my vacation time and compensatory time. After taxes, it was a good payout. I used the money to pay off all my outstanding debts and put the remaining amount in a savings account because the first pension check wouldn't come for sixty days. So, for the nearly four years since I retired for the first time, other than living expenses, I had no debt.
I just helped my 96 year old dad get a new no fee card (Amazon Visa). His other main card kept getting compromised so he just wanted a different one. He’s obviously retired and has been for a long time and it was no problem. Maybe fee cads are different?
I love the grounded reality of this channel!!! *If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation.*
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Wayne. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.
Honestly, our government has no idea how people are suffering these days. I feel sorry for disabled people who don't get the help they deserve. All thanks to Mr Michael Wayne, imagine investing $1000 and receiving $5700 in a few daysday
Did someone just mention Mr Wayne!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is
Pay for a credit card? A big NO. I'm retired for 18 years now and make about half as much as I used to on a fixed income. While I was working, my credit score was just above 700. Now that I'm retired, my credit score in 840 and I buy and pay for everything with a credit card. My secret is to pay off what they show as a balance WEEKLY instead of waiting for a bill.
I do that too. I rarely wait for the bill. I'm almost always running a credit on the card, and never pay interest. Paying interest is nuts if you can avoid it.
@@angeldetierra3855 I had an Amex card but also had three others. Amex just dropped me a few months ago for no activity. They didn't even try to retain me.
Depends, the credit care he’s talking about is focused for travelers. All said and done 95 bucks a year for unlimited airport lounges with unlimited guest in itself is a steal, but you always get more points 10X depending on what services you use like hotel or rentals… so yeah,, Not paying for a credit card can actually hurt you in the long run in terms of free money. But it’s your time and money. Just don’t lead others down a path that could help them.
Even after retirement form an LLC and apply for multiple Business Credit cards. They offer much higher limits than personal cards. Some have only stated income programs, meaning they do not check your actual income you can state what you earn. Lastly they don’t count against your debt to income ratio, no matter how much you borrow from them.
Why do you even have the AMEX platinum. You are paying almost seventy bucks a month for a card ?? Why ?? If it is the air miles you are worried about. Most decent cards have a rewards program. You could get a Barclays card that will give you air miles and combine that with a Marriott Bonvoy card which would give you Hotels miles. Boom I just saved you 650 bucks.
And....that's why I was looking to go to the Venture X and cut out $700 immediately. We actually use the AMEX a lot. Mainly due to all the travel we do. We make up almost all that yearly fee just by dining in the airport lounges. Each return trip is 4 visits going and coming. We tend to fly 8 - 10 times a year (4 x 8 x $35 = $1120) and it also gets us to the front of the line in some airports. And that's before you hit the security line. Plus, there's a $300 credit each year for dining and booking travel with AMEX. So it's a good card so far. If we traveled less, than it'd be a waste for sure. Anyway....Venture X's loss. I put a lot of $$$ on that card. We have/use the Bonvoy card for hotels although I've been checking into the IHG card from Holiday Inn/Crowne Plaza etc. It appears to have way more perks than the Marriott. Going to add that into the arsenal and see if it turns out to be true.
Amex Plat is definitely worth it for the travel perks. The lounges are great food, etc. the reimbursed baggage fees, etc. plus, the points can be converted to literally any airline/hotel. ❤
It’s a high end travel credit card(Platinum) with lounge access at most major airlines, plus AMEX points are highly valuable when transferring to airlines and hotels.
@@laptopseniors Sigh. I had a Delta Sky Club membership. I loved it for short trips from Chicago O'Hare. Now, you must get a Delta credit card or a reciprocal card like the AMEX Platinum Card to get into the place. That ticks me off because I pay for the year every January.
Spot on a friend of mine who earns over $80k a year from his super, single as well was denied a credit card because he was retired, regardless of income. This is in Australia!
Pat I don’t see the allure of points. My Fidelity brokerage based free card PAYS me 2% in cash hassle free. Costco free visa has no foreign transaction free. If considering expat life use someone other then the one I mentioned. They have reputation of freezing assets till you visit a branch and prove your idea and possibly residency
@GregDora-y6u Right, but in Costco Canada they accept only MC, so I scan my US Citi membership VISA, but pay by different no foreign transaction fee MC.
AMEX has great points Greg, but the value for us is when we travel. Free lounge access with full food like a restaurant (free), front of the line at airports, travel insurance, rental car insurance, top tier membership in Hertz, Marriott, Sheraton, and Hilton hotels which usually give the next tier up from whatever we book. So it's been good. If we didn't travel much, it wouldn't be worth it.
You know what was a surprise when I was checking out new cards? Virtually all US CC's have no foreign $ fees, but almost all Canadian CC's do charge foreign currency fees. Even AMEX.
I retired at 52 and honestly, I wish I’d done it sooner. The 9-to-5 grind always steals your freedom for a paycheck that barely scratches the surface. My advice? If you’re in your late 30s or early 40s, start saving for FIRE now (Financial Independence, Retire Early.) And if you’re in your 50s, invest smartly and break free from relying on your job. Market trends, like the Trump Effect, have made millions for many, including me. Stay focused, stay consistent, and remember financial freedom is within reach if you make it a priority.
Working with Lorrie Greta Hillard , a financial advisor, was a game changer. She helped me refine my savings strategy, including retirement planning, and provided expert guidance on investments and budgeting to maximize my savings.
Maybe the credit card company turned you down because you are a long term responsible user of credit who pays your bills regularly while taking advantage of the credit card perks. That being the case how is the credit card company going to make money off of you (late payment fees, high interest, penalties, etc....). Instead they are losing money on you. You are a good credit risk, so that makes you a bad credit risk to them.
Thank you. We're at the stepping off point with great credit. I was thinking of a card that accumulates air miles and what if we need a mortgage down the road. Same deal. Great assets and a really decent pension. I had hoped our net worth would suffice to replace income. Did any of you have trouble getting a home loan after retirement?
Can I ask you guys how much the apartment 2 bad, 2 bathroom will be cost to buy in Clayton? Have you any idea? We are thinking about relocating. Thank you.
The mistake I made was paying off my home loan. I can't get any sort of loan now - no income (the dole doesn't count). Mind you I'm happy with no debt too.
I have a high credit score too and was constantly declined by capitalone. This year I carried a credit card balance on a card since it had 0% apr and Capital One algorithm approved venture card.
Hi, we are retired and interested in 3/4 months ( get out of Canadian winter) in Panama. Any areas to look at you would recommend. Buying a place and renting not out of the question. Beach and shopping for the wife are important. Thanks a bunch, enjoy your content.
Beach = Coronado and the little towns around there. Or, Las Tablas. But not much shopping in either place. Shopping is mainly in Panama City. LOTS of shopping there. As for renting, probably Boquete or PC would get good returns. Especially Boquete. Rents there are NOT cheap generally.
@@CameronSmith-n4i Not really Cameron. We've walked into a few RE offices in Boquete and subcribe (emails) from a few in Panama City, but don't really know anyone in either place.
Thank goodness I don't need a credit card. I've got myself down to one card, and I carry no balance on it. Ironically, that counts against your credit score, too, to have an active card with no balance.
So let's look at things from the credit card company's standpoint: you are retired, most likely with a pension income that is unlikely to keep pace with inflation, health insurance premiums rising each year because of increased health risks, car insurance premiums going up because of the perceived higher risk of an accident. How are you handling your existing savings and investments? Are they running down to maintain your lifestyle? Even if you own your home, there will be maintenance costs. And because you are not going out to work, your utilities will be higher now that you are at home most of the time. So why are you now asking for a credit card, and how are you going to pay for it? Our whole living dynamic changes when we retire, no matter how financially prudent we have been in the past. At the heart of it is that three letter word that none of us can do anything about: AGE.
Why would you want credit cards when you retired? Why? I am missing something. I’ve closed 6 cards. I intend to close the 6 more this coming year 2025.
Why? Perhaps for the cash back, extended coverage on electronics, free car rental coverage, ease of resolving disputes. I use two CCs regularly. Average over $100 each month in cash back. Regularly rent vehicles and enjoy the insurance coverage provided by the CC, including potential loss of use should the rental vehicle be damaged.
Agreed!!! They laugh at people who are on SS and even have a pension like we're lepers or something. However, IF you have money showing on a Schedule C and/or 1099 income and they like the number, you should be golden! I'd keep that Amex Platinum regardless of what other "equivalent card" I might have. Bragging rights and street cred, especially when you open your wallet!!! So being able to show Investment Income, very important!!!
I have paid off my home early and my credit score dropped. The credit scores are more about making money off of you more than how much of a risk you are. If you always pay off credit cards each month they make some money off of the transactions but nothing like if you pay payments for years. From their view point you are not as desirable a customer than some one who keeps a balance on their card and regularly makes payments.
Thank you for the information....wasn't aware that this would be an issue retirement...I wonder what other things would be denied once you don't have "income"!
Seniors on a fixed income can have a hard time refinancing a mortgage or getting equity loans due to high DTI ratio. Even if you have significant assets like an IRA or investments, because those are not considered as income. It’s why a lot go for reverse mortgages.
Some folks have a hard time with large purchases like financing a boat, car, or RV. Only saving grace for the financial institution is that these things can be repo’d but the potential for cost or loss is large.
Debit cards are inherently risky. Debit cards give people access to your bank account. Smart people use credit cards, pay off the balance by the due date thus paying no interest, and enjoy some extra rewards.
Don’t credit (dread it) cards make their profits from people making minimum payments and paying interest so that is why they offer people benefits to use their card over others. I am not sure of this but aren’t retired people more likely to pay the entire outstanding balance so they are not making a profit from you… especially if you are using their benefits.
Debt to income ratio is a huge thing when it comes to getting bank credit. We are only as valuable as the money we can make for someone else. This is another wonderful side of Capitlalism run amok.
Why are you bothering with credit cards? Get away from them entirely and you'll be further ahead. Advising someone to get a CC before retirement is like telling someone to set up a monthly delivery of a case of Ho-Hos before going on a diet. Horrible advice! Ditch the card and stop worshipping your FICO score. BS6, EDM, not-chasing-CC-points.
Cash back. Extended coverage on electronics. Free car rental coverage including loss of use. Just a few benefits of using credit cards. Financially astute people know, rather than believe, how to use credit cards to enhance their lives.
@@jerrylundegaard2592 - Bullcrap. Financially astute people invest in assets that appreciate in value. You don't accumulate wealth as a result of using a credit card, though you might do so in spite of using one. That is no reason to laud their supposed benefits, most of which come at the cost of those who misuse them, which is a form of social injustice you do not want to discuss.
I drive a school bus now. I get up early in the morning do my pushups exercises drive the kids to school by 9oclock. After 9 o'clock I have until 2;30 to play hockey, golf or just relax at home. If your old and you need something to do so you can have something to do, drive a school bus.
Does it snow where you live and does that mean driving on bad roads with kids on bus? (Thinking liability and exposure to potential lawsuits and your nest egg)
Let me just say this. My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I know Larysa Caba. she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
Using a debit card is dangerous. A..no fake charges protection. B...someone can hit your card a few times for the same charge and you have little recourse unlike a credit card. Really bad thing to use for anything other than taking money out of your ATM.
Thanks for the vid. Don’t they give credit cards to teenagers? Don’t they give credit cards to those on benefits? Sucks doing the right thing your whole life to be stabbed in the back by bureaucracy. Not sure how to check my credit for free without that going against you for checking. I’m thinking of buying my current dream car and to hell with feeling unsure about it or having to spend that money. I can afford it but I’m not well off and you never know how you need in the future…have a good one 😊
11 months of investing. $67k saved, debts cleared, and a portfolio just shy of a quarter million. Taking my finances seriously this year was worth it in retrospect.
I’m green to investing. I want to make better financial decisions but everything seems complicated. How are you doing it?
I didn’t have prior investing experience. A CFA, Herman W Jonas has taken all the guesswork out ever since I got into his program. My initial capital of $15k invested over the short term yielded me huge profit plus bonuses. It’s all about accumulating wealth through compound interest investments.
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with investing. It’s all just gambling.
Can he help me? How can I learn more about his service?
Hermanw jonas that’s his gmail okay
People are facing a tough retirement and it’s even harder for workers to save due to low-paying jobs, inflation and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
Ain’t that the truth?
Retirement is a lot more difficult than it was in the past, they say it’s all about balancing your risk tolerance with your long-term goals but it’s more tricky than it sounds. I’m considering speaking to an advisor to help in strengthening my portfolio.
That’s surely a way to go!!! I’ve always delegated my excesses to an advisor, since suffering major portfolio loss early 2022. I’m now semi-retired and only work 8 hours a week with barely 25% short of my $2M retirement goal after subsequent investments to date.
Thanks for sharing your experience. Your advisor must be really good, I hope it’s okay to inquire if you’re still working with the same Advisor and how can I get in touch?
My CFA, *Peter Dewitt Martin* is a renowned figure in his field. I recommend searching his name online; you’ll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@NaufalKnoechel That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@EliaszPass My advisor is *MARGARET MOLLI ALVEY*
You can look her up online
@@NaufalKnoechel The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I always tell my friends and family. It's getting to the point where only the rich will retire, the rest of us will work till we die.
Let me save you all 4 minutes. You may be rejected for a credit card because you are unemployed due to retirement. You’re welcome.
Point 2, @laptop_seniors states, "I have never been late in a credit card payment!".
In other words, by avoiding late fees and interest payments, the credit card company has no financial benefit to having you as a customer. They consider you a sunk cost deadbeat.
Should you pay your credit card on time? Yes!
Do you need to have that credit card? As the saying goes, "Not just no, but HELL NO!"
@fred - Thank you. @laptop - get straight to the point.
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
Market behaviour can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Rebecca Lynne Buie for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
The other thing they may be looking at is that you pay off your balance every month so you will not be a money maker for them as you`ll draw benefits in the form of points and free perks but won't be feeding them interest paymets.
True...although they're also getting (or Venture X losing) 2.5% on roughly $30k of spending. = $750 plus their overall fee.
This is a VERY valid point.
Same thing happened to my brother. 6-figure income while working, excellent credit, bought and sold several properties and never late on payments. He retired at 60 but two years later went to buy a new home. He got approved for a mortgage -- eventually. But, they took him through hell to get it.
Sorry to hear that but happy he got it in the end. Thanks for watching 😃
Yeah - my friend told me to make sure to replace my car -before- you retire!
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I know I’ll make profits.
You are right. The best approach I feel is to diversify investments by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
My CFA Annette Christine Conte a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I merely Googled her name, and her website up right away. So far, it looks interesting. I sent her an email, and I hope she responds soon. Thanks
The fact that you think paying an annual credit card fee is better than one without it tells a lot.
Great tip. Thanks for passing it along.
Cards with no fees work great for me! Plus I get 3% cash back!
I plan on retiring early. I have a corporate career but started a business LLC 2 years ago. Once I retire I plan on jumping into my business at least part-time. Since I am essentially an employee of my business I will never be unemployed.
My suggestion is to not take the annual household income question on the application literally if you have a good history of being a responsible credit user *and* have additional assets you can access if needed.
In other words, unless you are literally on a fixed or limited income with no ability to draw extra funds from savings at your discretion, be generous in your stated income when you are retired and can “pay yourself” with your retirement savings. Keep your credit profile consistent - update your “new” annual household income on your existing credit card accounts, too.
Credit card banks do not check the annual income you state on the application.
Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Consulting with a financial advisor can provide personalized insights and help align your investment strategy with your retirement goals.
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
My CFA, Joseph Nick Cahill is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
Great information! I have not retired yet and I will definitely keep this information and pass it along to others.
If you have retirement investments, all you have to do is add a reasonable income from those investments to your passive income (SS, pension/annuity, rental income, etc.) when applying for a credit card. You don't have to actually "realize" that income, only be able to support your claiming that income potential on an application by showing the investments if the card issuer wants verification.
Thanks for the tips, this is something that no one has talked about before
Glad it was helpful!
Great advice! Also, we are planning on getting a HELOC before hubby’s W2 income is done when he retires. I am self-employed , so I am familiar with what banks like and don’t like, and they love his W2 income!
Great idea!
Thank-You Sir for this valuable information and perspective. 🙂
I hear ya brother. However, please keep in mind creditors usually can't garnish social security benefits or pensions (extremely difficult). This creates a higher risk in the event of default, despite your outstanding payment history and FICO score...hope this helps
Yeah... I understand it from their point, but it was a total surprise when it happened. As I said, NO one has ever mentioned it in any financial or retirement video or article I've ever read. lol...new knowledge the hard way huh? Although it's minor because at least we're covered. It'd be a drag though for someone who retired and had maybe just one credit card and now has a hard time getting another or changing what they have.
@@laptopseniors WOW! When I was previously retired, I got two credit cards with a $10K limit on each. I remember speaking to a credit card representative and faxing a copy of my 1099R, plus a W-2 for my part-time teaching (I taught one class a semester because I enjoyed it, and I socked it away to travel to Canada or California each year). That was it. Now looking at retiring again in 3-4 years, I'm looking to close out the four additional cards I have (I have streaming digital services on each, nothing else) and get back to two. My biggest worry is that my credit score will drop because of my declining credit limit.
Credit cards are unsecured loans
This is precious info. Thank you. I better take action now.
Great advice. I never thought of this.
lol...me either. Until....
@@laptopseniors Your content is so very helpful.
Biggest advice: Downsize your house or upgrade your car before retirement.
Why ?
@@CHARLESHARDIN96yeah why?
I’m 54 starting to think and plan for retirement.
Currently renting and heavily debating should we buy a house.. however high prices and rates and not encouraging
Or just pay cash for them.
@ Most people can’t pay cash for either. If they could then they probably don’t have retirement worries or issues
Thanks for the retirement tip. I am not quite there yet but working towards and doing my homework along the way.
Capital one reject people who they feel have too many credit cards or one has great credit.
1:41 You pay for the privilege of using a credit card?
I was interested in watching this because of your title. I am still working but will retire in the next 18 months to 2 years. I have one credit card and pay it down monthly when I use it, if I use it. Having debt would drive me nuts especially if I didn't have an income.
Understood. We agree. Maybe consider another card or two even to lock away. 😃
I read alot of comments that complained concerning the fee of the amex platinum card. It's basically a coupon card, and there is many ways to not only redeem but to actually benefit from this card. For me I get great value from this card. Everyone situation is different.
Capital one is fickle when it comes to the venture x card.
Thanks for the video
My only complaint for the Platinum over the years was the fee. It's high. But the card is stellar. And if you use all the credits, you can recoup about $550 of that $800. But for us, the free access to airport lounges more than recoups the card payment. And if you're in trouble somewhere their concierge is a big help.
If you don’t take advantage of the luxury of time in planning ahead - then you will have fewer and less desirable choices. Be thinking of passive and retirement income. Don’t get stuck on your location if it is costly - you can retire into a more affordable location and travel more or play more in your hobbies. Your money is a lifestyle resource, treat it well.
They don't want customers who pay the card out each month, they want customers who never pay the balance so they are in debt for life paying the interest.
After my BK, I applied for credit cards as a retired person but I inflated the amount of my pension. They never checked or asked for proof. Plus, when they ask to verify my income, I give myself a raise. I only use my cashback (3%,2%,1%) card with no foreign fees. P.S. I also have Venture but I pay no fees.
LOL! Now you tell me! I was honest about mine. In the "good ole days," I got two lump checks when I retired: two-thirds of my sick time (I had close to 4000 hours when both my sick banks were added together) and the other check for my vacation time and compensatory time. After taxes, it was a good payout. I used the money to pay off all my outstanding debts and put the remaining amount in a savings account because the first pension check wouldn't come for sixty days. So, for the nearly four years since I retired for the first time, other than living expenses, I had no debt.
Thank you. That's a good piece if information to know.
And sir I got a commercial for this vid for that card😂
I just helped my 96 year old dad get a new no fee card (Amazon Visa). His other main card kept getting compromised so he just wanted a different one. He’s obviously retired and has been for a long time and it was no problem. Maybe fee cads are different?
I love the grounded reality of this channel!!!
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation.*
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Wayne. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.
Honestly, our government has no idea how people are suffering these days. I feel sorry for disabled people who don't get the help they deserve. All thanks to Mr Michael Wayne, imagine investing $1000 and receiving $5700 in a few daysday
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
Did someone just mention Mr Wayne!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is
It's great to see you guys talking about Michael Wayne, This man changed the game for me. Good Man❤️
If there aren't wages to garnish in case of default, no go. We don't even qualify to attend a timeshare vacation thing.
Pay for a credit card? A big NO.
I'm retired for 18 years now and make about half as much as I used to on a fixed income. While I was working, my credit score was just above 700. Now that I'm retired, my credit score in 840 and I buy and pay for everything with a credit card. My secret is to pay off what they show as a balance WEEKLY instead of waiting for a bill.
--- Please apply for the Amex Platinum card. And let us know what happens to you. Thanks in advance!
I do that too. I rarely wait for the bill. I'm almost always running a credit on the card, and never pay interest. Paying interest is nuts if you can avoid it.
@@angeldetierra3855 I had an Amex card but also had three others. Amex just dropped me a few months ago for no activity. They didn't even try to retain me.
Depends, the credit care he’s talking about is focused for travelers. All said and done 95 bucks a year for unlimited airport lounges with unlimited guest in itself is a steal, but you always get more points 10X depending on what services you use like hotel or rentals… so yeah,, Not paying for a credit card can actually hurt you in the long run in terms of free money. But it’s your time and money. Just don’t lead others down a path that could help them.
@@Food4thought1234 we're all adults here aren't we? Make your own decisions, good or bad.
Even after retirement form an LLC and apply for multiple Business Credit cards. They offer much higher limits than personal cards. Some have only stated income programs, meaning they do not check your actual income you can state what you earn. Lastly they don’t count against your debt to income ratio, no matter how much you borrow from them.
Why do you even have the AMEX platinum. You are paying almost seventy bucks a month for a card ?? Why ?? If it is the air miles you are worried about. Most decent cards have a rewards program. You could get a Barclays card that will give you air miles and combine that with a Marriott Bonvoy card which would give you Hotels miles. Boom I just saved you 650 bucks.
And....that's why I was looking to go to the Venture X and cut out $700 immediately. We actually use the AMEX a lot. Mainly due to all the travel we do. We make up almost all that yearly fee just by dining in the airport lounges. Each return trip is 4 visits going and coming. We tend to fly 8 - 10 times a year (4 x 8 x $35 = $1120) and it also gets us to the front of the line in some airports. And that's before you hit the security line. Plus, there's a $300 credit each year for dining and booking travel with AMEX. So it's a good card so far. If we traveled less, than it'd be a waste for sure. Anyway....Venture X's loss. I put a lot of $$$ on that card. We have/use the Bonvoy card for hotels although I've been checking into the IHG card from Holiday Inn/Crowne Plaza etc. It appears to have way more perks than the Marriott. Going to add that into the arsenal and see if it turns out to be true.
Amex Plat is definitely worth it for the travel perks. The lounges are great food, etc. the reimbursed baggage fees, etc. plus, the points can be converted to literally any airline/hotel. ❤
@@laptopseniors Admittedly, I do love that my AMEX Pt gets me lounge privileges.
It’s a high end travel credit card(Platinum) with lounge access at most major airlines, plus AMEX points are highly valuable when transferring to airlines and hotels.
@@laptopseniors Sigh. I had a Delta Sky Club membership. I loved it for short trips from Chicago O'Hare. Now, you must get a Delta credit card or a reciprocal card like the AMEX Platinum Card to get into the place. That ticks me off because I pay for the year every January.
Spot on a friend of mine who earns over $80k a year from his super, single as well was denied a credit card because he was retired, regardless of income. This is in Australia!
They turned you down because they aren’t going to make money on you.
Pat
I don’t see the allure of points.
My Fidelity brokerage based free card PAYS me 2% in cash hassle free. Costco free visa has no foreign transaction free.
If considering expat life use someone other then the one I mentioned. They have reputation of freezing assets till you visit a branch and prove your idea and possibly residency
@GregDora-y6u Right, but in Costco Canada they accept only MC, so I scan my US Citi membership VISA, but pay by different no foreign transaction fee MC.
@@Alex-he1ve Good idea.
AMEX has great points Greg, but the value for us is when we travel. Free lounge access with full food like a restaurant (free), front of the line at airports, travel insurance, rental car insurance, top tier membership in Hertz, Marriott, Sheraton, and Hilton hotels which usually give the next tier up from whatever we book. So it's been good. If we didn't travel much, it wouldn't be worth it.
You know what was a surprise when I was checking out new cards? Virtually all US CC's have no foreign $ fees, but almost all Canadian CC's do charge foreign currency fees. Even AMEX.
Best financial advice is never spend more than you bring in.
I retired at 52 and honestly, I wish I’d done it sooner. The 9-to-5 grind always steals your freedom for a paycheck that barely scratches the surface. My advice? If you’re in your late 30s or early 40s, start saving for FIRE now (Financial Independence, Retire Early.) And if you’re in your 50s, invest smartly and break free from relying on your job. Market trends, like the Trump Effect, have made millions for many, including me. Stay focused, stay consistent, and remember financial freedom is within reach if you make it a priority.
Exactly My point! The 9 to 5 grind is just not worth it the stress and low payoff. What specific steps did you take to break free?
Working with Lorrie Greta Hillard , a financial advisor, was a game changer. She helped me refine my savings strategy, including retirement planning, and provided expert guidance on investments and budgeting to maximize my savings.
Got it! Thanks for the tip! I was curious, so I looked up Lorrie
So done with 9-5, its Depressing!
I have 5 more years and I can’t wait!
Maybe they think since you're climbing in age, you'll rack it up to the limit then dirt nap.
I know a guy who said his credit card company wanted to verify income and he said, he is not going to call them back. I told him, good idea.
0 debt is the Key I retired at 57
Thanks, good advice.
CC Companies call people that payoff their CC balances every month "deadbeats." LOL!
Maybe the credit card company turned you down because you are a long term responsible user of credit who pays your bills regularly while taking advantage of the credit card perks. That being the case how is the credit card company going to make money off of you (late payment fees, high interest, penalties, etc....). Instead they are losing money on you. You are a good credit risk, so that makes you a bad credit risk to them.
Absolutely, but they state their criteria as high credit rating and income meaning low risk and ability to pay. 💰
I wonder if it is also difficult to get approved to move into a new apartment after retirement?
Thank you. We're at the stepping off point with great credit. I was thinking of a card that accumulates air miles and what if we need a mortgage down the road. Same deal. Great assets and a really decent pension. I had hoped our net worth would suffice to replace income. Did any of you have trouble getting a home loan after retirement?
Auto loans are the same way. No steady income, no loan..
Yes my friend warned me of this! Get your new car before retirement!
@@CK-vp6hh or merely pay cash.
@@cynthiaivers1708 indeed!
Can I ask you guys how much the apartment 2 bad, 2 bathroom will be cost to buy in Clayton? Have you any idea? We are thinking about relocating. Thank you.
The mistake I made was paying off my home loan.
I can't get any sort of loan now - no income (the dole doesn't count).
Mind you I'm happy with no debt too.
Valuable advice, thanks!
Capital one stinks, I would not want to be bothered even applying to them for those same reasons 800 plus score and I'm a full time federal employee.
Great advice but remember the Federal Reserve Note U.S. Dollar is worthless and collapsing. Prepare for a reset.
Helpful to know.
Thanks
You need to carry debt to get approved by capital one. They don't want someone who is going to use the benefits without carrying a balance.
That actually makes more sense than the claim of a high credit rating.
I have a high credit score too and was constantly declined by capitalone. This year I carried a credit card balance on a card since it had 0% apr and Capital One algorithm approved venture card.
Hi, we are retired and interested in 3/4 months ( get out of Canadian winter) in Panama. Any areas to look at you would recommend. Buying a place and renting not out of the question. Beach and shopping for the wife are important. Thanks a bunch, enjoy your content.
Beach = Coronado and the little towns around there. Or, Las Tablas. But not much shopping in either place. Shopping is mainly in Panama City. LOTS of shopping there. As for renting, probably Boquete or PC would get good returns. Especially Boquete. Rents there are NOT cheap generally.
@@laptopseniorsthank you for your reply. Do you have any RE contacts I can talk to? Thanks again.
@@CameronSmith-n4i Not really Cameron. We've walked into a few RE offices in Boquete and subcribe (emails) from a few in Panama City, but don't really know anyone in either place.
Too late for me. Good advice for those thinking about it.
They want an income source that they can sue you for.
Why would anyone pay to have a credit card? Especially when you retired and have time to plan, timing is everything in travel and deals.
Thank you for dropping this gem! 💎
I had the same thing 😂 they asked for proof of income that was the first thing ever happened to me from a credit card company
I’m don’t understand why anyone would put anything on credit when they are retired. You should only be spending what you have so use your debit card
Thank goodness I don't need a credit card. I've got myself down to one card, and I carry no balance on it. Ironically, that counts against your credit score, too, to have an active card with no balance.
So let's look at things from the credit card company's standpoint: you are retired, most likely with a pension income that is unlikely to keep pace with inflation, health insurance premiums rising each year because of increased health risks, car insurance premiums going up because of the perceived higher risk of an accident. How are you handling your existing savings and investments? Are they running down to maintain your lifestyle? Even if you own your home, there will be maintenance costs. And because you are not going out to work, your utilities will be higher now that you are at home most of the time. So why are you now asking for a credit card, and how are you going to pay for it? Our whole living dynamic changes when we retire, no matter how financially prudent we have been in the past. At the heart of it is that three letter word that none of us can do anything about: AGE.
I'm not surprised. I'm 61 & thinking about retirement at 62. Unfortunately, this country doesn't take care of the children or elderly
We must take care of ourselves - that's personal responsibility.
@cynthiaivers1708 I understand that but when you need should be able to receive it . Everyone needs help now & then.
Why would you want credit cards when you retired? Why? I am missing something. I’ve closed 6 cards. I intend to close the 6 more this coming year 2025.
Why?
Perhaps for the cash back, extended coverage on electronics, free car rental coverage, ease of resolving disputes.
I use two CCs regularly. Average over $100 each month in cash back. Regularly rent vehicles and enjoy the insurance coverage provided by the CC, including potential loss of use should the rental vehicle be damaged.
Agreed!!! They laugh at people who are on SS and even have a pension like we're lepers or something. However, IF you have money showing on a Schedule C and/or 1099 income and they like the number, you should be golden! I'd keep that Amex Platinum regardless of what other "equivalent card" I might have. Bragging rights and street cred, especially when you open your wallet!!! So being able to show Investment Income, very important!!!
Great - thank you for sharing!
Glad you enjoyed it!
I was wondering about this...
I have paid off my home early and my credit score dropped. The credit scores are more about making money off of you more than how much of a risk you are. If you always pay off credit cards each month they make some money off of the transactions but nothing like if you pay payments for years. From their view point you are not as desirable a customer than some one who keeps a balance on their card and regularly makes payments.
Was fun thanks.
May have been turned down due to NOT NEEDING IT. Too much available credit.
Capital One has one of the highest interest rates. You don’t want that.
Why anyone, in this day and age pays for a credit card is beyond me ? All kinds of free cards with decent benefits !
Good point, but… the travel value of the points and benefits are far higher than the fee.
@@laptopseniors I get 3 and 4% back on all my cards in different categories. But whatever works is great.
Good to know, thanks!
Happy to help!
Thank you for the information....wasn't aware that this would be an issue retirement...I wonder what other things would be denied once you don't have "income"!
Seniors on a fixed income can have a hard time refinancing a mortgage or getting equity loans due to high DTI ratio. Even if you have significant assets like an IRA or investments, because those are not considered as income. It’s why a lot go for reverse mortgages.
Some folks have a hard time with large purchases like financing a boat, car, or RV. Only saving grace for the financial institution is that these things can be repo’d but the potential for cost or loss is large.
Why get a credit card in the first place? Use a debit card instead. Pay cash for what you need and live within you means.
Debit cards are inherently risky. Debit cards give people access to your bank account.
Smart people use credit cards, pay off the balance by the due date thus paying no interest, and enjoy some extra rewards.
Don’t credit (dread it) cards make their profits from people making minimum payments and paying interest so that is why they offer people benefits to use their card over others. I am not sure of this but aren’t retired people more likely to pay the entire outstanding balance so they are not making a profit from you… especially if you are using their benefits.
You were denied because we are in a credit crunch. Credit card companies are now limiting the availability of credit.
Debt to income ratio is a huge thing when it comes to getting bank credit. We are only as valuable as the money we can make for someone else. This is another wonderful side of Capitlalism run amok.
Why are you bothering with credit cards? Get away from them entirely and you'll be further ahead. Advising someone to get a CC before retirement is like telling someone to set up a monthly delivery of a case of Ho-Hos before going on a diet. Horrible advice! Ditch the card and stop worshipping your FICO score. BS6, EDM, not-chasing-CC-points.
Cash back.
Extended coverage on electronics.
Free car rental coverage including loss of use.
Just a few benefits of using credit cards.
Financially astute people know, rather than believe, how to use credit cards to enhance their lives.
@@jerrylundegaard2592 - Bullcrap. Financially astute people invest in assets that appreciate in value. You don't accumulate wealth as a result of using a credit card, though you might do so in spite of using one. That is no reason to laud their supposed benefits, most of which come at the cost of those who misuse them, which is a form of social injustice you do not want to discuss.
$800 a year, give me a call. I'll issue my personal line of credit to you. What a rip off.
I drive a school bus now. I get up early in the morning do my pushups exercises drive the kids to school by 9oclock. After 9 o'clock I have until 2;30 to play hockey, golf or just relax at home. If your old and you need something to do so you can have something to do, drive a school bus.
Does it snow where you live and does that mean driving on bad roads with kids on bus? (Thinking liability and exposure to potential lawsuits and your nest egg)
Old people should not be driving school buses.
Let me just say this. My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
Making over 48k monthly is all because of her.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I know Larysa Caba. she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
Debit card doesn't work for you?
Using a debit card is dangerous. A..no fake charges protection. B...someone can hit your card a few times for the same charge and you have little recourse unlike a credit card. Really bad thing to use for anything other than taking money out of your ATM.
That’s bizarre, another name for a pension “income”
Being in debt in retirement is stupid. You should have everything paid off well before then.
Well, they are known to be really stict issuing out the card, so it might not be the reason. But regualess., next time lie and say your working LOL
Thanks for the vid. Don’t they give credit cards to teenagers? Don’t they give credit cards to those on benefits? Sucks doing the right thing your whole life to be stabbed in the back by bureaucracy. Not sure how to check my credit for free without that going against you for checking. I’m thinking of buying my current dream car and to hell with feeling unsure about it or having to spend that money. I can afford it but I’m not well off and you never know how you need in the future…have a good one 😊
its a whole scam. thats why
Too late already retired
The people 38+ trillion in debt are giving us a credit score.
WTF???? Really WHY put that in your title?
Because I didn't actually want to say the words.
Its so dumb, elect billionaires to make everyone else poor... we the people are conned