Don’t know about them but I did once work with an old hippie lady who never had a car, credit card, anything like that. Story was at one point she was helping a friend get a loan and the bank asked how she could co-sign with no credit. She called her bank (was several years back) and had them read off her balance. Had well into the 6 figures just sitting in an account since she never spent on anything. Was the type that rolled her own cigarettes by hand and such.
Wut. How old are you?
Tons of people have grown up taking financial martyrdom advice from reddit and don’t understand the right way to use leverage.
It’s akin to practicing safe sex via abstinence.
Aka stupid
Don’t know about them but I did once work with an old hippie lady who never had a car, credit card, anything like that. Story was at one point she was helping a friend get a loan and the bank asked how she could co-sign with no credit. She called her bank (was several years back) and had them read off her balance. Had well into the 6 figures just sitting in an account since she never spent on anything. Was the type that rolled her own cigarettes by hand and such.
Ah, the 'ole prove you don’t need the loan trick.