/biz/ - Business & Finance

>>11232580
>I want them paid off but it seems like throwing money into a black hole because most of the payments go to interest

that's the point

>>11232594
Thanks asshole

Anybody interested in actually helping?

How to turn 5k into 80k?

>>11232580
Does your shitty country not offer repayment assistance?
I just reapply for it whenever unemployed, only student loan payments I've made were automatically deducted because I was too lazy to reapply, graduated from my program like 3 years ago

Just leave the country, teach englisb

>>11232609
America so probably no. I can't even get them to do income based repayment.
>>11232613
Half is in my mom's name, so that would be shitty. And it's not worth giving up american citizenship over the other 25k, if it even works at all.
>>11232594
I know. How do you win a rigged game? Only thing I can think is take a side job in addition to a full time job and put every penny towards this shit, but that's inefficient and exhausting.

>>11232663
You fell for the school meme. Now you gotta pay the price for being a sheep.

>>11232663
Well, you better start working two jobs then. Live on "beans and rice".

>>11232707
>>11232731
No really. Is there a smarter way to do this?
Sent a message for some gig work for side money next week, no-tax cash. These come around now and then but it doesn't make much impact. I really need a better strategy.

>>11232707
Yep, he fell for the meme, after 18 years of brainwashing by parents, counselors, teachers, media, and pretty much everyone ever in his life always telling him to just "do what you love, the money will follow". What a fool, how could he not have seen this coming?
Well, time to pay back that loan that he signed up for at 19 without being taught basic finance, or how compound interest works, or really having any idea about the value of money at all. Damn kids, when will they learn?

>>11232802
I didn't even major in "what I loved." I picked a "responsible" major. The jobs all suck ass and the pay is shit anyway. At least there are jobs for it, I guess.
If I had majored in art or history or some bullshit I'd just put a bullet in my head.

>>11232838
What was your major? Personally I got a BS in Manufacturing Technology but ended up as wildland firefighter since they can't offshore THOSE jobs to India or China.

>>11232802

The irony is that student loans almost single handedly caused tuition to go up, making it necessary for future generations to take them out and fueling a never ending cycle.

When you take something in limited supply that everyone believes is absolutely vital and then allow people to easily borrow money to obtain it, you get a massive debt bubble.

>>11232895
Not going to post but it's boring, responsible, and I was told the jobs would fall into my lap and pay great money. All lies.
How do people actually pay these off? I feel like there has to be a smarter way that I'm just not seeing.

Kids read Facebook and check their Instagram for at least 1 hour a day, but literally can’t take a couple hours to understand personal finance, apr rates and compounding interest. Good decision lads!!!!

>>11232944
I don't use social media.

>>11232580
Invest in link.

>>11232926
Ah, accounting. Right?

Got a biochem degree OP. Its a meme. Research was offshored to cheap pajeets. I started over in finance now at 30. My only way out that i can see is to play the markets. If crypto doesn't pay out, will shotgun my dome with a 12 gauge high velocity.

>>11233077
Slug

Going to apply for a 3 week gig that pays a higher hourly than I was getting at my last contract role (indefinite contracts, so they cut you whenever the work slows down with no notice). Maybe roll it into asking for higher pay. And if it's only 3 weeks long they probably won't have a super strict interview process? One would think.
Seriously, are there any better strategies to approach the money game?
>>11233077
Feels bad. I hate that the first thing people want to say is, "well you shouldn't have majored in underwater basket weaving." That isn't actually the case for most people.
>>11233031
Maybe.

>>11232594
yeah but without loans how would the economy grow?

>>11233335
It's almost like we'd have to invest into the country to create infrastructure or production that actually build wealth, or something. Too hard, just put interest on everything and have the goyim figure out how to gather more money to feed the beast a while longer.

>>11232607
By putting 16 individuals in the same spot you are but under you. Just need to finance their loans.
As if our bank ovrrlords will allow you to have that kind of affair by financing it kek.
MFW welcome to the student loan ponzi.
Buy link next dip and hold.

>>11232613
Can't you still get in trouble if you do this? If you're working abroad as an American you still have to report income to the US government.

>>11233937
To my understanding it's fine, as long as you never plan on returning to the US. If you lose your english teaching job and get deported, you're fucked. And that does happen.
but idk

>>11233971
Years in federal prison for not paying your shekels I think.

Also if you're a US citizen the US government can freeze your assets in the bank even if it's a foreign bank.