/biz/ - Business & Finance

>>18387559
Kek, I love and hate this man all at the same time.

>>18387559
I don't eat much, but I have things stocked. I mostly just consume coke and buy with XMR, and I'm waiting for SUTER to 10x so I can OTC to the Chinese.

Fuck this boomer.

>>18387559
jokes on you im getting trump bucks + unemployment is going to pay me more than I made working

feels good to come out of this ahead

Ramsey is a retard and while the OP pic is good advice, it’s not unique to Ramsey.
99% of the good advice Ramsey has given it intuitively known by the majority of people.

>>18387645
>his advice is known intuitively by the majority of people
>most people are fucked if a $500 expense comes up

Fuck you boomer I'm not living in poverty for the rest of my life pinching pennies away just so some subhuman gook can eat bats and fuck the world over. Fuck you and fuck slant eye small dick gooks

>>18387559
He’s a 110 IQ retard. All his advice is brainlet tier. If you’re somewhat well off then there’s no need to have an “emergency fund”.

>>18387645

>majority of people
in... europe? Because every single day, every single financial video uploaded to youtube starts with "THANKS FOR WATCHING, MAKE SURE TO THUMBS UP AND SUBSCRIBE, DID YOU KNOW THAT 60% OF AMERICANS HAVE LESS THAN 1000 DOLLARS IN SAVINGS, AND MORE THAN A THIRD COULDN'T HANDLE A 400 DOLLAR EMERGENCY WITHOUT USING A CREDIT CARD????"

>>18387674
But yes, if you’re poor then you should have some cash savings. No shit. If you needed this boomer to tell you that then you’re ngmi.

>Why don't people who live pay cheque to pay cheque just save money instead?

This whole system is rigged and we all know the ((riggers)).
Who would play by the rules and think they're smart when the fed pumps trilions into financial markets and government technocrats practice economic witchcraft?

>>18387654
>his advice is known intuitively by the majority of people
No, anon. I think you are vastly underestimating how many people are not mentally developed beyond 12 and are straight up fucking retarded.

>>18387583
Only advice of his I ever followed was credit cards but I only did it because I found out how kiked credit scores are, literally the inspiration for social credit system in Gookland. I just send electronic checks if I got to pay for something online, I'm not worried about being a homeowner until I make it so credit scores mean dick.

Inflation and future stimulus is going to make all that worth less, as we stretch our assholes for Blackrock

Cant print demand, but you can print inflation.

>>18387654
>>18387679
See
>>18387674
>>18387685
>>18387705

>>18387559
Six months isn't going to be enough...

>>18387757

Oh no, we've already been licking the blood and tears over decades of inflation.

What's going to happen is that the inflated value of assets is going to go *pop* and you'll see the terror of a deflationary spiral we haven't seen since the great depression.

>>18388864

Btw the op picture would be "sensible" except a lot of our growth and amassed elite wealth has been dependent on ever increasing velocities of debt.

People get into debt for dumb shit reasons but unconsciously, people recognize that they've had to indebt themselves further and further to maintain on the same rung of the social ladder than their parents and grandparents did.

All I did was save 10% of every direct deposit into my savings account and 10% into crypto and I’m glad I did it.

>>18388888
FUCK YOU
DAMN DIRTY APE
wasted get

>>18388924
Thanks, I hate it

>>18388888
go to bed, wolf

>>18387559
No, this is going to be fun

>>18387705
Its not rigged, most poor people are just retards who waste money on bullshit.

>>18388986
when the system relies on those poor people to stay poor and keep wasting money on bullshit, the system is rigged.

>>18389044
Yup. That's why both Republicans and Democrats shill for more immigration. Immigrants take all the low wage and low-skill work to become a perpetual underclass in society. America thrives off consumerism, and consumerism thrives off cheap goods, and even cheaper labor.


(((They))) don't want all of us to make it because then nobody would go to work

>>18388986

Please read this. Really read it and take it in.

https://medium.com/@allenfarrington/this-is-not-capitalism-5ed0a9d5dfa9

>>18389091
>tfw you realize capitalism is a pyramid scheme

>>18387654
We weren't talking about black people, anon.

>>18387559
>when you survived off 2 grand for 10 years and even resorted to eating your own tooth animal for nutrients..


kek.
idgaf.

>>18388986
I'd say both are true, more accurate would be the system is rigged against the middle class mostly not necessarily the genuine poor.

>>18387619
for about 3 months and then good luck for the next year

>>18389181
>eating your own tooth animal

What the fuck is that supposed to mean?

>>18387559

What kind of stupid asshole saves money when interest rates are low and inflation basically means your money will be worth LESS in a year or two? You need to be fully invested in this nightmare economy or you'll be outcompeted by some leveraged asshole trading with cheap capital.

Thanks, capitalists.

>>18388986
if we were still on a gold standard people would have more savings.

>>18389248
What kind of stupid asshole has no savings and gets wiped out by unexpected problems?

leverage is for retards and gamblers.

>>18389248
Vast majority of inflation is due to the government, if not all of it.

>>18389091
They'll have no reason to do this shit when automation is perfected, it's the same result but no wages to pay.

>>18388974
Literally me desu lads

>>18389149
>Boomer cryptosocialist Keynesian economics is Capitalism

>>18389248
>centralised banking and government ownership of the money supply is Capitalism

>>18389302

And who do you think influences government policies? Actually take a step back.

Do capitalists protect and guard worldwide supply chains? No, they offload that onto the US military as does most of the world. What is the world's largest richest bureaucracy? The DoD.

Do you think you can untangle "capitalists" from the government when it comes to social order? Do you think capitalists that make it big are charitable enough to be philosophically aligned with small government? Wouldn't they want monopoly or cartel over the haphazards of actual competition in the big leagues?

>>18389334
>>18389355
>Real Capitalism has never been tried!

>>18388423
Kek true. Today I calculated out how I would live off my savings for the next year and half. Shit won't be stable until a vaccine arrives.

>>18389242
Enamel?

hows your vanguard going

>>18387743
Credit scores exist in other countries but seriously people and a lot of businesses put no care/thought into them. Americans will not stfu about them, Americans are legit cucked by their form of capitalism.

>>18387645
Buts it’s not intuitively known. That’s why most people are financial retards and deep in debt. Dave is based.

>>18387619
Just don’t waste it. Got my trump buxx yesterday. Great feeling knowing I didn’t need any of it.

>>18387559
>average boomer talks about using common sense
when someone like this is venerated like some kind of revolutionary mose wisdom hero,.... we should know we are in trouble.

nothing he has ever said or advised is secret or profound in any way. its simple common sense and being responsible with money. should be taught, learned in grade school

i do take issue with his christy fag reliigitardism. you can take that shit and fuck off old man

>>18387674
Most people are brainlet tier. He breaks it all down to their level. Can you do better by tweeking his plan? Of course. I buy div stocks and not mutual funds. My emergency fund is a home equity line of credit (on a paid for home) End result is the same. I don’t pay interest, I collect it. When things get back I buy used shit cheap from desperate poor fags.

>>18387705
ask shitskins why they buy shit they don't need and complain about not saving. Muh kikeflix, muh cigarettes, muh eating out. This is the majority.

>>18389044
No one is forced to waste money. They have to be talked into it. If people were smarter and made better decisions the wouldn’t be poor.

>>18389181
What do I just read?

>>18390148
I spent all $1200 on mega millions tickets. Statistically it is a waste but I'm feeling lucky.

>>18389242
>you must own at least 100k UND to understand this joke

>>18390250
Also with the jackpot this high (136 million USD), you're stupid not to play.

600 tickets is a 1/500,000 chance of winning the jackpot. I have medical issues more rare than that.

>>18390162
The charity shit is just cover so people don’t feel bad about making/keeping more money.

>>18387559

>save obsessively for years

>keep 10k in low interest savings account safe from mr market and make no money on it

>crisis comes and I never have to use any of it

Every time...

>>18390250
Kek

>>18390250
absolute madman. he actually went and did it

>>18389174
>Black
>People


You know better anon

>>18390335
I prefer Powerball but some faggot in New Jersey won the last jackpot it it reset to 20 million.

MAKE SURE YOU SAVE YOUR MONEY SO WHEN A REAL CRISIS COMES UP IT WILL INSTANTLY DEVALUE

>>18387645
The majority of people are overweight poorfzgs with an IQ under 100 anon

>>18389102
> medium
sjw tranny spotted

>>18389447
Bad

>>18388986

I have 20k in my Wells Fargo account. Should I be doing something else with it?

>>18389211
checked and correct

Dave Ramsey predicted this

>>18387559
Do you know what would happen if hundreds of millions of people saved up that much money?

>>18391164
buy link and be rich in 2 years

>>18389248
Just save 6 months worth. Inflation is a meme. Check the money velocity. No inflation on the horizon.

>>18388986
isn't that just world fallacy?

You are supposed to save HALF of everything you earn. This is Jewconomics 101. If you cant live with half of your income, maybe you are retarded or worse, a woman.

>>18387559
Larper
Fuck ramsey
I can be a guru 2
>save maneys
>stop spending maneys stupids
>buy house makes maneys
>makes more maneys
>have 5 children put allnin welfare free house maneys
Where my fucking show ass holes

>>18387559
Fuck monetary policy.

It's these fucking low interest rates which discourage people from saving.

>>18392954
You can. You tube is full of them. "dont forget to click" "don't forget to subscribe"

>>18389248

>not understanding diversification

>>18394047
I cringe every time, fuck

>>18390250

White trash level over 9000