Hey guys,
I'm 28 and I'm trying to maximize my credit incase I want to buy a condo in the future... current score is in the 760-770 range and had been as high as a 780 a year or two ago.
I want to know if there are things I should be looking into? Should I get tons of CCs and try to buy/flip things?
Current finances
80k/year job, interviewing for a few 100-150k a year roles (I just finished grad school and have some connections/people who think highly of me or owe me favors)
80k in my 401k, 20k in liquid assets, and about to inherent 60k from my grandmother's estate.
18k total debt with 17.5k in low interest rate student loans between a BA and an MS. $700 revolving credit (gas, groceries, eating out, misc... it's usually more like 600)
So net worth of 140k with 80k being liquid.
Available credit is 26k so 3% utilization of revolving credit. 100% of my bills have been paid on time.
Average account age is lowish. Oldest line is 7 years (college loan) didn't have CCs until after I finished undergrad.
I "upgraded" a credit card to get more credit (+15k available credit) but they closed an account and made a new one dragging average account age down and adding an inquiry.
Should I just keep on doing what I'm doing (I live WAY WAY below my means and I don't keep a budget, I noticed that when I tried I ended up spending more, my dad is the same way, we just have frugal habits and don't spend unless there's a good value add) and not worry or are there actions I should be taking?
For what it's worth I don't really HAVE a budget... but I tracked my expenses and I'm living off around $1800 a month after taxes and deductions in an expensive city (think SF, Chicago, NY) and basically bank/invest 2.2k a month - this 1800 figure includes travel, vacations and luxury purchases. If I job hop I'll likely shift it to $2500 and bank/save 4-7k a month depending on how the numbers ink out.
Submitted June 08, 2017 at 12:55PM by creditqus http://ift.tt/2sHJUyr
