/biz/ - Business & Finance

They ruin their fucking lives by garnishment of wages from the Amazon fulfillment center

>>16465341
How long until zoomers literally opt out of even paying taxes?

>>16465341
They take your wages out of your fucking bank account. Chainlink is literally going to make it possible for anyone to reach right in and take your fiat.

it's a major problem. student loans will have to be forgiven at some point, because they simply are not getting paid. deadbeat millennials are just paying the minimum, which if you are low income or unemployed is LITERALLY $0. the money is gone. they ain't paying it back.

>>16465409
taxes are robbery

>>16465410
>there's some government NEET whose job it is to take out all that digital fiat from your bank account
They can just fucking print the tax deficit just like how they're printing fiat for the fucking bankers.
This shit is fucked. The internet has allowed for a mass enlightenment.
Bastile Day soon for the Amerifats

>>16465341

>USA student debt volume: 1.5 trillion dollars
>USA credit card debt volume: 1.1 trillion dollar
>Student loans carry much lower interest than credit cards
>Student loan interest is a tax credit so, effectively, they are interest free loans
>They offer income based repayment plans where the payments literally wait until you're making enough money to pay them back

Student loans are the easiest loans to pay back. I'm sorry you suck.

>>16465712
>>16465455
It's seriously fucked. If they were actually trying to help they would print you out of that debt like they do the banks. It's a fucker when you finally realize that the only reason the system exists is to keep you a slave and steal your work energy and funnel it to the people that already have everything.

>>16465409
I"m a millenial and i dropped out. Why the fuck am i gonna work 50 hours a week just to pay for schomo's mortgage? Why am I gonna buy the top of of the stock market in a cucked 401k that I can't cash out? Why the fuck am i going to pay into social security that won't be there? Why the fuck am I going to pay taxes that can barely cover interest on the debt the boomers racked up?

If you can get ahead on the open market and bring home a nice income, more power to you. The most I can expect to make is about $60k and I just can't get ahead on that. I'd rather hold my cryptos and wait for this shit to collapse.

>>16465341
>what is going to happen when millennials just give a collective "fuck you" to uncle sam and stop paying all together?

A massive bitch slap by reality. Everyone from Al Capone to Noriega to Epstein had to pay Ceasar's dues, retarded children with afro feminist basket weaving degrees with specialization in victimhood think they are special because their mommies told them so and they can't imagine life without netflix and starbucks.

>>16465749
"Hey goy, just work like a slave for a pension that was rigged to pay out the same year the Earth is hit by that catastrophic asteroid! LAUGHING OUT LOUD"

>>16465341

This strategy requires patience, concrete balls, and an uncrackable poker face, but it works...

This is what you do: get your credit score high enough to be approved for several lines of credit. Don't request loans and CCs all at once, but trickle them in over the span of a few years. Always pay off your revolving credit. As you do this, the CC issuers will grant you increased credit limits and new, better offers. Continue to take advantage of these, one by one. Eventually, you will have 6 to 12 open lines of credit to be abused. This is how you jew the jew...

You probably already buy crypto, or did at one time. So, keep doing it. Also make sure you have some investments in the stock market. You want evidence that you're not risk-averse. Ease in with cash, but don't waste too much of your hard-earned dollarydoos...instead, start using your CCs to buy crypto and deposit cash onto prediction markets (PredictIt.org for example). Yes, the fees are Jewish, but who gives a shit, you're not actually going to pay any of this in the end.

Now, be sure to send your crypto around to some wallets and exchanges. Make some trades from time to time. Make some "predictions" on the prediction sites. Don't go all in on some retarded bets, but it would be wise to lose a couple big ones to the tune of $2-3k. No need to do it intentionally, as it will probably happen all on its own. Basically, we're laundering the credit into cash that you will be able to use to pay your student loans, while looking like a degenerate gambler that got caught up in the game and went too deep, thus losing all his money. Fortunately, you were smart and paid off your student debt with your "winnings" and hard work from your 8 to 5 wagecucking...but sadly, you're left with a shit ton of CC debt. That damn, evil crypto.

Let's cut to the chase: you're going to protect any and all assets that a creditor could take into untouchable retirement accounts and/or trusts. Then you file bankruptcy

>>16465719

>muh tax credit

It gets phased out once you make more than 80k and the standard deduction is so high right now that you aren’t going to get ahead by itemizing unless you have a huge mortgage (which requires a high income that would cause you to get phased out).

>>16466257
You can also dump any free cash into bitcoin or monero and "lose the key."

In the end, the goal is to pay your student loans with dismissable, unsecured debt, take a little off the top for safekeeping, and then default on everything. Create a tearjerker story about how you're just a degenerate gambler that got in too deep and you are seeking help. At this point, you will believe your own story because you've been living it for the last 4-5 years. Then file for Chapter 7 and have everything discharged, no garnishment, and start fresh, with your student loans paid and a decent chunk of loot hidden from the kikes.

No downside unless you consider not being able to get another loan or CC for a few years a downside. Oh, speaking of which, if you have a car loan, be sure to pay that off first. Don't want your shit repossessed. And this strat works best as a renter--which in this market you should be anyway. I bought my last home in 2009 at the bottom of the mortgage crisis and sold for 80% gain a few years back. Anyone that tells you to buy property in the current market is an absolute kike shill, do not listen.

How do I know this works? I did it.

Fuck kikes.

>>16466360

Learn the difference between a tax credit and a tax deduction then graduate high school and you can join this conversation.

>>16466257
>>16466416
This is so fiendishly Jewish it could actually work!

>>16465341
Yes, they are going to repossess your "pieces of paper" -> as well as all bank accounts.

Buy UPT and relieve yourself in 2020.

>>16466257
>>16466416

Except when you lose 50% or more due to the incoming crypto crash. Then you're super fucked.

Just buy Kleros on a CC and wait.

>>16465749
Honestly, I have no debt rn, but I fucking wish I had just done a bachelors at a CC. Some have them (accredited) but I wasnt aware of them until I transferred. I might drop out too. This system is a motherfucking scam and america can go suck my dick.

>>16465341
Well, people don't really realize what these loans are.

They are GOVERNMENT BACKED PRIVATE LOANS.
That means, that in the event of default, the government picks up the tab. It is, literally, a risk free loan for these underwriters. Under this system, we are privatizing the profits while shifting the risk onto the public.
It's time to forgive student loans and tear down this system, because, either way, the tax payer is going to bare most of it. Let's just do it now.

>>16465749
>crypto is going to save you from collapse
HAHAHAHA
Good one.

>>16467719
If there's a good idea that will help the majority, you can rest assured this government won't do shit.

>>16467406
It does but bankruptcy can also keep you from an apartment so be careful and make sure you have a friend who knows your plan who will cosign for you in perpetuity.

>>16467686
Well, a 50% crash would be objectively better than nothing and paying loans.

>>16466416
You have to be really careful with that shit.
If auditors, lawyers, or accountants look into your debt and can find ANY money that you paid on your student loan with other debt, then that other debt automatically gets the SAME student loan treatment.

>>16466416
Okay I believe you, however how much annual income would I need to be making on the books for this to actually work? Lets say I build my credit to insane levels but I'm only making 30K a year I'll qualify for enough credit to pay off my 50K debt. Thank god for LINK, almost already balancing my assets/debts but I think your idea would work. Tips for my situation? My student loan debt is also fucking me on getting a duplex, penalizing my overall monthly income by 1% of the outstanding total of the debts. To any lender its as if I already make more than 500 less each month. Real estate and taxes are cheap in Northeast OH and its a trendy college area.

Why do people ask for loans then bitch when they have to pay them back with the agreed interest rates?

Just pay your loans off and stop mooching off of the productive members of society

>>16468120
You're right, but telling them not to bitch is kind of dumb because the system is designed in a predatory way.
see >>16467719

>>16465341

Boomers will just throw you in prison and use you for slave labor if you don't pay up

>>16465341
How come these faggots weren't complaining when they were being given all that money but only complain when it comes time to pay it back?

>>16465396
>OP's face when this happens

My fucking sides. These dipshits should have thought long & hard before borrowing money.

>>16468120

>>16468182
How else can you go into STEM?

>>16465341
GOVERNMENT CAN'T GARNISH YOUR WAGES IF YOU'RE BEING PAID WITH MONERO

>>16468322
>>16468182
The fundamental claim is that the institutions receiving the money lied about the EROI, so we're all victims of fraud.

>>16466257
>>16466416
based jewer of jews

>>16465433
:DDDD

>>16467686
Then park it all on USDT or some other stablecoin, goofus.

>>16467791
Sure, they'll try, which is exactly why you gotta churn the fuck out of it in the markets and pay consistent, large sums on your student loans over the course of a few years. Basically, you're trying to not lose money in the markets, while withdrawing it on the reg to cover life's expenses. Ideally you can keep juggling this shit for a couple years with 6 and 12 month no interest CC, refinancing, and loan consolidation offers.

Key is to make the records so messy, massive, and convoluted that you just look like a "typical millenial with no appreciation for hard work or financial education" and not a financial genius that is just working the system to scam the kike using his own typical tricks.

Not only did I pay off $44k 4.5% in college debt in less than 5 years, but I made a $12k bonus on Trump-yes bets on PredictIt, and another $7k of crypto profits (yes, paltry compared to many, but I had to sell my 2015-acquired BTC stack in 2016 to pay bills from a job layoff, and never got to near the stack I had by the time 2017 rolled around).

I didn't pull it off perfectly, but knowing what I know now, I could easily advise anons to do a better job than I did. Still saved my ass a ton of money and learned exactly how powerful this kiked system of debt can be if you work it like you're "not" supposed to.

>>16468182
>How come these faggots weren't complaining when they were being given all that money but only complain when it comes time to pay it back?


Because at 18-19 when most people are taking out these loans they have literally no idea what's happening or what any of it means. At that stage in life the concept of paying for school makes no sense because you didn't pay a dime for public school, and even if you went to private school it's not (You) actually were the one paying for it.

People go to college because it's more fun than getting a job or enlisting, and we've been told by boomers for decades that it nets you higher income. The payoff might not be immediate, but even a liberal arts degree can do well because of the unique opportunities it can provide.

>>16467972
Well, I pulled it off with less than 800 credit score and wages between 30 and 50k depending on the year. I'd say 35k average. Now, I was self employed as a freelancer for 3 years of that and was able to expense my way down to even less income. However, the constant volatility of my income thanks to the various markets I participated in gave me the leeway to straight up lie about my income on any and all credit apps, so I usually added 50% to the topline if I thought it would help me secure a larger line.

I should also note I'm an old millenial, and I didn't go through with this until I was decently established, and pulled it off half-assed initially. I've had a couple credit lines since I was 20-22 which I was able to fairly easily get bumped up to 15-20k even with that sub 800 score.

There are probably better/faster ways to pull this off--in fact, I know there are. But I just kinda decided to start doing it after getting laid off by a boomer nigger female boss after highlighting production inefficiencies one too many times that made her look bad. Got sick of playing the good goy game, said fuck it and just started piling on the debt. I already am a mildly degenerate gambler, so it wasn't hard to crank to 11. Fortunately, I didn't just blow it all and stuck to a strategy of regular withdrawals to pay off my Jewish slave asset tag.

>>16468490
Exact-o-mundo!

I was pushed hard to go to college by my family at 18. Half my tuitition was covered by fucking scholarships and yet I still graduated with 45k in debt in 2006! I was a sophomore when the kikes passed the bankruptcy reform act that made student loans non-dischargeable, too. On top of that, I was lied to HEAVILY by college recruiters, professors, counselors about job opportunities and the OMG YUGE extra salary I'd have...only to graduate right into the Great Recession.

Raw fucking deal. I don't owe shit. Fuck you, pay me.

>>16468533
Yea that's a raw deal. I work in a warehouse making $15/hr, and I'm just holding onto this job until I find something better. It's not a lot of money, but it's enough to cover the bills, make payments on my student loans, and still have enough to save/invest.

Thank God my parents haven't kicked me out yet or I'd need a pair of golden kneepads to live.

>>16465433
The UK now operates like this. 25 years after you take out the loan it gets written off. SLC take a percentage (I currently earn £37,500 with SLC taking £80 per month). That most likely works out better for them. If I earn a little more than this and they keep taking their cut then over the course of the 25 years they earn back their full amount plus some whilst not savaging my personal finances. Which speaking of, the loan doesn’t work against me when applying for mortgages etc. Just bought my first house and the only thing that take into consideration about the loan is the small monthly repayments.

Don’t agree that University should cost this much, and is ripe for disruption. But as a system it’s not the worst.

>>16465341
Have you considered moving to another country that doesn't have state sponsored predatory lending for something that should be a citizens right?
Im an ex burger that took out 40k in federally backed student loans, put 10k in crypto, 10xd my money, graduated, immediately moved to Europe, and got a job. I've never even formally acknowledged the existence of my student loan, let alone made a payment, and it hasn't affected my credit score over here.

student loans are highly favorable. It's true that you cant get rid of them through bankruptcy but the flip side is, there is no cap to how much you can borrow (for grad plus loans), and one can "graduate program" hop indefinitely while artificially getting high loan amounts.

once you are done getting your loan amounts (which hopefully you invested in certain volatile asset classes :P), you can deal with it in 3 ways.

1. get a sufficiently low paying job on paper to pay virtually nothing on your income based repayment.

2. bite the bullet knowing you borrowed way more than what 10% or less they will get out of you.

3. leave the country permanently like a clever savage. preferably abandoning citizenship or green card.

4. leave the country, BUT instead of permanently leaving, make 100k or less, file your taxes and take advantage of the double taxation treaty that lets you write it off as 0 for income taxes purposes. 10% of 0 is zero.
what happens then, is that there is no incentive to stop getting more loans. 200k or 800k makes no difference. unless you are making bank, you will pay income based repayment, which caps at 10%. (if biden wins, he wants to lower this to 5%, the other candidates are even more generous).

>5k in student loan debt and $60 minimum payment
>neet

should i flee the country? i feel like my life is over in america

>>16468605
Nigga, you could pay that off working at Mcdonalds. Literally just get any job.

>>16465433
Then don't take out a fucking loan. If you aren't making money and can't afford to pay back what you owe then that says something about your financial illiteracy. These kids deserve their debt.

>>16468622
It's like you haven't read the thread and don't want to address the arguments that people have posted to similar posts to yours.

>>16468622
>Just know everything about life at 18 bro!

You take the loan out because you EXPECT to make enough money to afford it in the future. Telling people to have the money for school ahead of time is retarded because it's not the kid's fault their parents didn't save enough for college.

>>16468382
>which is isn’t doing
>which is isn’t doing
>which is isn’t doing

>>16468658
It's not hard to realize going into debt for something uncertain is retarded, everyone knows college doesn't garuntee shit

>>16468658
You’re acting like understanding basic math at 18 is some kind of high level of knowledge. It’s simple math, if you can afford to pay off the loans, go for it if you want. If you can’t afford to pay off the loan, don’t do it. It’s a few hours on google to figure out what salary you can expect with your degree choice, and you compare that to the amount in student loan you get to determine how long it will take to repay.

I have $28,000 in student loans which is currently in deferment. I joined the Army Reserve and received $30,000 in student loan repayment which I will get 1/3 of dispersed each year. My interest is averaged to 4.5% across my student loans. I make $60,000 working. All you have to do is look into your options. Even before I joined the army reserve, I was paying $400 per month which isn’t too bad. My loans initially totaled around $31,000 when I graduated and my enlistment was held up due to waivers for vision.

I currently work for a university, and we have seen some brain dead morons come through here. We had a guy complaining about his $120,000+ student loans he had. He was taking out extra loans to buy expensive gifts for his girlfriend and travel internationally during the school breaks. These smooth brained kids are straight up dumb, the system is not out to get them, they are just dumb and irresponsible, just like people (broadly speaking) who are in credit card debt.

>>16468692
>everyone knows college doesn't garuntee shit

Who is everyone? The moment you enroll in grade you are taught that going to college guarentees you a higher income and is the right thing to do after high school. My high school even had a program to allow students to take college courses in high school. Everything about high school theses is just prepping you for college.


You know as an adult that college isn't a guarantee, but at 18 you don't. People who don't go to college don't do it because they're so much smarter than all the other kids. It's because they were tired of being in school, wanted/needed to make money immediately, or because they enlisted.

Instead of blaming kids for wanting to better themselves with an education, blame the kike schools for making it so expensive.

>>16468578
There isn'tt a credit score per se in europe, Just a database of defaulters/late payment debtors

>>16468692
I didn't know it.
My siblings didn't know it.
My mom, dad, grandparents, ect. didn't know it.
The professors even told me, "If you can't get a job making X amount, then don't take it"

THAT'S how much of a sure thing everyone thought it was.

>>16468732
>It’s a few hours on google to figure out what salary you can expect with your degree choice

For like 80-90% of people their degree has almost nothing to do with their job or even career. You can't also can't predict the overall JOB MARKET. 10 years ago colleges and high schools were trying to get as many students as possible into the STEM field and doing computer science because of all the early IT guys and programmers making 80k-100k.

Well guess what? Now the market is flooded, and Comp Sci degrees are a dime dozen so an entry level job barely pays 10 bucks an hour. Yea there are a lot of dumb college kids making bad decisions, but it's fucked up that there is no stopping from them making these decisions or at least advising them on the consequences.

>>16468182
Govs were bullshitting them with muh million dollars more in lifetime if you possess a degree.

>>16468533
For all the shit I give Boomers as a Millennial, at least I only got the ass end of the shit stick. I can't fathom how outraged I'd be if I graduated in 2006. I'd definitely be angry enough to all Uncle Ted on some banker's homes.

>>16465341
Well I have a uni degree and I literally sleep on the floor of my uncles apartment. I managed to save up 20k in crypto and I spend 10 dollars a day on food, so it’ll last me like 8 years at my current spending rate. I don’t pay rent because I tidy my uncles apartment and iron his clothes. He’s a 60 year old bachelor so he’s happy just for the company. If they want to garnish my wages they’ll need to give me a job first, I see that as a win-win.

>>16468807
We don't live in a society that mandates shit like useful advice from one's elders, anon.

>>16468797
my point still stands jackass. If anything, that's even better.
My SCHUFA score isn't marred by any of my dealings in America.
The only thing they can even find on me is that I reliably pay my cell phone bill on time.

>>16468946
Yea, it's always funny how boomers and tradecucks mysteriously fall silent when presented with an argument about why student loan debt is unfair. They think because they already made it, or are content with welding pipes for a living that everyone should/can just do the same.

The funny thing is that I don't even think student loan debt needs to be forgiven entirely. It's honestly fairly easy to pay it off if you didn't meme yourself into over 50k of debt. I make less than 40k/yr and have over 43k in debt. I can still afford twice the minimum payment per month and could have it paid off by 30.

Granted I do live with my parents, but still. Most millenials are just overconsume, overspend, and assume that a college degree by default should provide the same lifestyle their grew up with, but the truth is you gotta grind for that shit. Even though boomers had it easy on the macro-scale of history, they still had to put their time in at shitty jobs while growing up.

>>16469106
>yes goy'm indentured slavery is fair and just
>we live in a meritocracy and you just have to do the best you can and you'll obtain success
>some of us were born with blessings and birthrights, but that doesn't mean we have any responsibility to provide blessings and birthrights to you.
>and when we use our blessings and birthrights to skim off the top of your earnings, that's only fair too

>>16468769
>so expensive.
yet, paradoxically, so worthless.

>>16468452
>>16468507
so incredibly based. I started unintentionally doing this on a smaller scale last year (by being unemployed and just piling everything on my cards. Have always had a pretty good goy score) now I wish I did it smarter like your strategy though

>>16466416
I'm about 2 years into this but I haven't paid back a single cent. It's only like 20k from a community college degree but I could care less about credit. Will they ever try to freeze my accounts or is that a meme? I just get like 3 calls a week from collection kikes I never answer

BUMP :^P

>>16469182
>>16468769
Shit I didnt know Sam Hyde was in here

I'm so glad I dropped out of college and bought ETH in 2017. You debt enslaved wagies got memed on hard.

>>16468452
Hi Sam

>>16468902
Is this relationship sexual?

And are you from germany?

Does your name start with a k?

>>16468769
Maybe when you were 18 but over half the kids i new when graduating high school in 2015 already knew they wereb going to get fucked by debt by going to college. A lot of them still went anyway because of peer pressure from their parents and the desire to extend their childhood for another 4 years.

What's stopping someone from just fucking off from the United States? They can't garnish your wages in Argentina or Europe.

>>16471152

If they catch you they can

>>16471200

They can't, there aren't any agreements in international law that provides for such mechanisms.

>>16465396
You can’t garnish wages for student debt.

>>16468799
Then you're retarded. Recruiters and professors lie, that's why they can only get jobs teaching.

>>16471152
People do that, look at people moving to central America or India

>>16466416
"A few years" umm its more like ten years with no loans but yes this is solid advice

>>16465409
This. I'll see you fags in a comfy jail since the blacks are getting evicted now weed is decriminalized

>>16466416
Based