Thanks for the input everyone! I had no idea that wireless was the slowest option, trying the pdanet now, will see how it goes!
UPDATE!
Able to run the pdanet+ successfully thanks to an old forum contribution from neph81, thank you again for your help, as the phone was not being recognized by my laptop for some reason, sooo I had to do every hookup via the reboot while plugged in workaround, but it worked! Yay!!! And somehow, this workaround/usb tether got the phone to charge regular via laptop as compared to the painful slow charge message I have always got, go figure! So as it will keep my phone charged now and will provide me with internet, I consider this a complete success! ps the charging issue was the reason I was interested in making a hotspot, now it's not needed, I can't say thank you enough for all the help! What would I do without this place?? THANK YOU!!!!