Okay so I quit collecting for about a year, to focus on an external project that I was working on. Although I would from time to time look at eBay, or this site from time to time just to get an idea what people are up to. Here are the following things that Happened , when I stop coin collecting.. Lost a cop ton of money in the stock market, darn cryptocurrency Lol still managed to meet the woman of my life and I picked up the complete Morgan dollar and piece set for 2021. I lost three friends and two both died of covid . The other a heart issue... I ended up picking all my friends stuff up to give to the monks at the monastery..some books, he left me $20 in his stuff ... And a few ticket stub, I'm still trying to buy a house I improved my credit score to 720 and then it dropped within 15 days which I think goes against the credit rules cuz everything has to be a 30-day cycle but that's something I need to look into other than that I'm just trying to survive my kid got a year older she's now a two digit baby not a one-digit baby and still crabby as ever and bossy
So sorry to hear about all that. Life happens. I can relate to not buying any coins for quite awhile while I pay down farther on my 2 credit cards. Hopefully after you get your life back in order you can buy some coins again. You can still learn about coins. Take care my CT brother.
That's only 30 points. My credit score was 820 last year at this time. I went to Lowe's and put a kitchen remodel and new flooring installation on their credit card. Total purchase price was around $38K. Credit score dropped to around 710 immediately. When I paid off the credit card in full the next month, it went back up to 815 or so. The score moves quickly with available balance. Slower with payment history. Credit scores are really an "I love debt" score anyway. Z
Increase score Borrow funds Invest funds at a higher rate than what you pay the lender Lather, rinse, repeat.
The "problem" with this is that you don't own the funds invested, you only "own" the spread between the yield and cost (minus taxes). And if either the yield, the cost, or your "investment goes south, yer screwed . . . . . Invest your own funds, even if smaller amounts, 100% of the totals are yours (minus taxes). It all looks good on "paper" but in the real world . . . . . . the lender will figure out that lending to you isn't as profitable as lending to your investment source, unless that risk outweighs the return. It's all good for armchair financial discussions. I haven't met anyone who "borrowed his way to wealth." Unless you are creating value somewhere along the line, it's nice bedtime stories . . . . Z
The Credit Union where I bank tells us our score. It's at 739 now. I got a copy of my credit report and found out that we had 2 late payment charges to the same company. My wife buys her clothes there and she doesn't always give the bill to me. I cut their credit cards to shreds and told her I didn't care if she bought there, but use our VISA, which I pay the balance each month. She bought a car in 2015 and we are still paying on it. Interest is 2.9%. She doesn't know it yet, but I'm paying it off this month. (Balance-$3,100) Then we will be out of debt. I don't buy a coin unless I can pay cash. I don't buy from Rick even though he will let us make 2 payments to an already overpriced coin, no matter what he says. I also don't buy from the gooney brothers for the same reason. I watch ebay for something I like. I bought the 2021 W American Liberty High Relief Gold Coin last year. I paid $2,715 for it and Rick is (trying and probably is) get twice that much and it will probably go up with the Spot of Gold lately. I'm trying to find a 2021 W American One-Tenth Ounce Gold Coin T-1 and haven't found one that is selling reasonably. I have the T-2 and just want a match. I bought the T-2 from the Mint, but the T-1 was sold out before I could get to it. It's nice to be married to a "Rich" retired High School English Teacher. (I'm a retired State CPA Accountant.) Plus we both are on Social Security and Medicare.
I laughed when I saw your comment about your two digit baby. My oldest just turned 35 and she still sasses me!
Sad to learn that. I sit down to read coin talk to learn new things about coinage, and then learn a member has that load of sadness on their shoulders. Hard losses for sure. Hoping things can work out for you and yours.
Seems to me you survived the year quite well with the exception of your lost friends. You still have a beautiful crabby girl, the lady of your dreams, and you are alive what more could one ask for? Parents quote, "Watch where you're going not where you've been." Welcome back, good luck.
I'm convinced this is the REAL meaning of "the terrible twos" enjoy her. The credit score is more difficult to understand than coin grading!
