/biz/ - Business & Finance

>>23221597
sign dumb contracts, pay the jew.

>>23221597
That's a man

>>23221597
Ouch, didnt she learn how interest worked in school?

>>23221597
Lmao literal retards dont check interest rates.

Maybe think twice next time

>>23221615
This
I never went into debt, not even for a mortgage
Not even once in my life

because they're pea-brained cucks who claim to hate J00 trickery until it's done to someone else.

>>23221597
How did she graduate college without understanding simple mathematics?

Probably didn’t have to pay a cent while enrolled but the interest kept accuring. Read the contract before you sign. Nobody’s fault but your own

>>23221615
lmao, I'm stealing this.

shouldn't have been black duh

>>23221635
>learn
bruh she brown

>>23221722
checked

>>23221597
is that even possible lol how is this not a troll

>I drove drunk and crashed my car WHY DID YOU MAKE ME DO THIS

>>23221769
Go max out a credit card and pay minimum monthly payments for 10 years...

"I'VE BEEN PAYING OFF MY $10K IN CREDIT CARD DEBT FOR 10 YEARS AND NOW I OWE $25K, WHY THE WHITE PEOPLE DO THIS TO ME?!"

>>23221597
There’s no way an interest rate can be that bad, I call larp. Unless she’s taken like 20 years to pay it off

>>23221854
This is why I defaulted on my cards, rather just wait 7 years for it to drop off than keep paying the jew endless interest i'll never catch up to.

>>23221597
>I took out a loan without understanding how to manage my debt
The fact that you think we're gonna defend jews for taking advantage of retards exposes you for what you are, a poor

American education through and through

The fact that you will all defend this while full well knowing this type of contract should be illegal is all the proof I need to know how jewish this board is. Are we assuming idiots will know consequences? Should we not protect dipshits?

>>23221597
>build credit for 4 years during college
>take out as many cards as possible
>max them all our buying gold
>sell gold for cash, use it to pay off student loans
>declare bankruptcy
Tell me why this wouldn't work

>>23222110
That’s antisemitic.

REPORTED

>>23222110
this but buy monero and then just move away

>>23222383
Move to south america and fuck hot lady boys

>>23222394
south america has them too? i thought it was an asian thing

>>23221597
I truly believe that when lending crosses over into usury is when the borrower has paid off the original principal perhaps many times over but still has a huge balance

Obviously in the OP image this is not the case as she hasn't even paid off the principal amount and she just either couldn't save or couldn't do math right when she took on the loan

However I think loans should also be agreed upon like investments, taking into account the time value of money
If the lender gets their money in the timeframe agreed upon, then a small amount of interest is paid, (as it goes now) and if they don't get their money in the timeframe agreed upon then they get to take more from the borrower in the form of interest for the borrower having forcibly opportunity cost'd their money away
However, I think loans should come with an eventual "balance cap", or an amount of money that the lender will be satisfied with receiving, basically no matter the timeline
Minimum payments could prevent people from simply not paying anything and then going bankrupt when it comes time to pay the $60,000 you owe on your $12,000 loan 50 years from now

>>23221615
How much fuckery will happen because of smartcontracts?

Durrrrr i went to school but didn’t have money to

>>23221597
>tfw $70k in the hole due to student loans
>at 0% APR
Socialism wins again!

>>23221597
I paid my student loans off. $180k in exactly 24 months.

>>23221615
Desu. always read what the contract says, if you dont understand what it means research before signing it.

>>23222614
good goy

>>23221597
I will defend it, as she took out $19k in additional loans after graduation.

>>23222614
how the fuck are you retards getting so much debt from college??????

>>23221652
It's worth taking a mortgage even if you can pay in full with cash. You can easily beat mortgage rates with passive income.

>>23222706
Pharmacy school is expensive. And totally worth it for the amount of money I'm making now.

>>23222706
They’ll give literally anyone a loan for college and the “college = job” meme is still believed

>>23221725
based

>>23221637
>literal retards
so basically most 18 years olds (following the advice of their boomer parents of course)

>>23222742
Not really consider your age, how many years it took, and that you could have put all that money into investments instead of paying off loans for the first 2 years, and that's without the 6-8 years of university which you would have been stacking money and compounding.

>>23221981
one of many jews spotted.
when you’re that age everyone tells you it’s a good deal, and you can use the degree to get a job that will pay it off in a few years. most young people don’t realize the world is that fucked up.

then again you’d probably defend literal slavery as long as a contract were signed.

>>23221597
I need some advice and I figure you assholes can talk me out of this (if anyone can). I just got like 115k dropped in my lap. I wanna buy a 2021 Jaguar F type. it's 86k kitted the way I want it. I have the money for it, I already have a nice house with a good payment. other than dental insurance, I have pretty much everything I need. I'm wondering if I should buy this car. It's like all I ever wanted. I was gonna get a Ferrari California for 74k but it's got 30k mils on it and the belt service is 5k-7k every four years. the Jag comes with 5 year 60k warranty and complimentary oil changes. Talk to me guys, tell me what I should do with it instead. (I'm gonna post this in a couple threads to see what responses I get). Ty for your time.

Imagine actually paying your student loans. I'm a physician and have been making over $200k the past 5 years. I have 1 million dollars of student loan debt and I've only paid back $200 this entire time. Unsecured Debt is a spook and I feel no sympathy for retards who actually pay their loans. Another based strategy is to file for bankruptcy if you're ever getting garnished. Even if you renig, you're income can't be touched for 12 months and you could just do it again. Once I have over a million saved, I'm filing for SSDI and then getting a disability discharge and like that *snaps fingers* my debt will be gone.

wait... americans have to pay interest on their student loans? WTF? isn't the entire point of student loans so that you can finish your study with it then pay it back later. why do they need interest?

>>23222845
I started investing as soon as I graduated. It's been 5 years and my net worth is close to $450k.

>>23221597
She sounds like one of those dumb idiots that just pay the interest on credit cards.

Why are there so damn many people who go through university, a place for supposedly smart people, without basic financial knowledge?

>>23221615
fpbp

>>23221615
This is one of those things you remember to keep using it afterwards, well said anon

>>23222845
This. People who pay their student loans are absolute morons.

>>23222919
How much do you have in investments besides the house? If it's 0 you're actually retarded for spending such a large % of your net worth on a depreciating asset.

>>23222110
you could do that. most people just dont believe it.

come to think of it i used a credit card to buy silver a few years ago, then later that card debt was sent to collections, which of course you dont have to pay. (nobody has to pay collections, it’s all a bluff). so i basically did the same thing except without even declaring bankruptcy.

google search it folks, you can avoid paying collections without even declaring bankruptcy.

I want to know 2 things about her loan, how much is her interest, and is she just paying the monthly minimum?

>>23222965
>She sounds like one of those dumb idiots that just pay the interest on credit cards.
Maybe because she can't pay the fucking loan.

>>23222991
Alright, now, what do I do with it instead? I have 37k of it in DIS @124USD. should I stick with DIS or what?

>>23222427
it’s really all usury when you think about it, especially when the lenders are printing money out of thin air AND can get bailed out by the government. lending at interest means the money only flows in one direction so within a few generations the rich own everything.

>>23222929
You can’t default on your student loan debt, Dr. Faggot. They will find a way to make you repay it.

Honestly, I don't understand how everyone in this board bashing people who went to college when our society itself pushes on a narrative that without a degree or education you are useless. Furthermore, why not give students an option in high school either to study in trade school or pursue academics.

>>23222991
but that's literally all I have in investments is the DIS stock. I have 600 in Callum petroleum common that got liquidated at 110USD.

https://www.youtube.com/watch?v=ynpnYh4o_Qo

>>23223108
KEK

On topic post so I'm actually contributing.

>>23223181
How the fuck, when you pay your monthly bill do you throw anything extra at the principal? Do you ever make large payments on just the principal amount?

>>23222706
boomers all told us this was normal. really it’s the parents money because they cosigned. just say "sorry mom and dad, can’t squeeze blood from a stone, you know".

banks are starting to get burned on this though, less and less people are paying back the loans now. serves them right to give people loans to get useless degrees. people cant pay back loans unless they have good jobs, morons

>>23222073

>>23221597
Deal with Jews, pay the dues.....

I had £15000 debt post grad and paid it off in 6 years

>>23223176
I mean, it is $115,000. should I sell the DIS stock? the 600 shares of CPC stays at $110 no matter what.

>>23222742
>totally worth it
not something you can say for most degrees

>>23222944
>why do they need interest?
non-jew spotted

>>23222900
I never went to college, that shit is a scam and a half. People can do what they want, but if you dont read the contract whose fault is it really

>>23222919
Imagine not being able to change your own oil. It's more inconvenient to drive somewhere, wait with the scum and dredges of society, and then drive back then to just do it in your own garage at your own leisure in about 10 minutes max.

>>23223088
Disability discharge.

>>23223301
well, I mean it's free at the Jaguar center. it's about 45 minutes from my house but it's a nice drive and I don't mind the time waste. it's Jaguar elite care service. it's only for five years but that's free oil and filter changes every time it needs it.

>>23222073
nigs gonna nig

>>23221597
imagine graduating from college and still not understanding what interest is. the absolute state of the American Public Education System, people, no wonder China is Winning LMAO.

>>23223088
how exactly? this isnt the irs we’re talking about. and you CAN get student debt forgiven though it’s a seperate process from bankruptcy. even if it "never goes away", they cant make someone pay it who doesnt want to.

>>23223106
>why not give students an option in high school either to study in trade school or pursue academics
found another non-jew here bros

>>23221687

>leaving such a huge commitment to an 18 yr old.

Americans are so brainwashed by the jew they literally expect teenagers not to fall for jewish predatory lending. In Europe we pay 0% interest, with college tuition at 2000 euros a year. INB4 UUHMMM INCOME TAXES HIGH UUUUHHH

>>23222919
Are you absolutely fucking retarded, anon?

>>23223277
we all know about interest, but we expect to be making more money when we graduate. they can’t lie in the contract but they can lie about the job market and the usefulness of the degree.

>>23221597
i have $140k of loans. they're all federal loans on REPAYE. i'm never paying them off, the american taxpayer is.

>>23222919
Dumb ass. Invest that shit well and in ten years you’ll own multiple jags.

>>23223448
lol kinda? what makes you say that? also, what should i do with it instead? I can buy a range rover evoque for 55k fully kitted and put the other 40k towards stuff? I already have some money put aside for a fence for my back yard and a robotic lawn mower but I don't know what else to do with the money.

>>23223507
Every time I try to invest I lose money. I think it's going up so I put cash in it immediately goes down. I take my money out because I think it's going down and it immediately goes up lol. not even kidding i think I'm cursed.

>>23223431
clinton and the democrats

>>23222110
bankruptcy is an involved process and you go before a bankruptcy court. they will analyze your income and expense and easily see what you're trying to do, and then deny your bankruptcy and possibly charge you with fraud or some other jewery. there is literally no escaping the jew.

>>23223477
Good point. Kids don't know just how McFucked they are until theyre already in too deep. I had a friend with a couple hundred thousand in student debt but he was lucky enough to get a coding job making a good salary. Hope he can pay it off soon. Sadly I think he lives way above his means.

>>23223106
Yep. Perhaps I find myself becoming less lolbert or I'm just bitter because I have so much debt myself but college is so shit. Our schools are worse than Europe, yet we pay more, and meanwhile companies cry they can't find any labor so they get an H1B or offshore to pay Pajeet pennies to do work that the industry forces Americans to have degrees for yet let's pajeet do it without any training. But then all the boomers are gonna die and there won't be any engineers because they wanted to pay pajeet.

I really don't know how anybody can say "this is fine" when we are already so close to a bubble pop. Yet we still encourage the populace from birth to go to school and get a good degree. Companies can continue to tighten the vice grip because we need the cash and if we don't play ball then they pay pajeet who requires no health benefits or otherwise. God help you if you get a retarded liberal arts degree.

>>23223557
Kek
Do the opposite. Seriously

>>23222073
Natural selection pro. Idiots need to die off for us to grow as society. If these dipshits stopped falling into obvious traps the jews would have to lower their prices.

>>23223688
I CANT lol, I get scared and pull it. I have tried that though. is that a long term strategy? I will legitimately try it lol

>>23223181
that company charges 2x the federal rate
I paid off that loan right away

>>23223518
It's absolutely fascinating to see the poor people mindset first hand. How did you even find this board?

>>23223733
you have to accept that you will never catch the exact top/bottom

>>23223805
well, I guess I'm poor? I have a 279k house and a 35k car with 120k in savings. Is that poor though? Is it my mindset? what should I do to change it?

>>23223840
Ok, yes, I'm learning that. the UNI airdrop taught me a lot about greed lol. I sold at 6 instead of eight because when it was going to eight I was so happy thinking of $10 lol

>>23223106
She should have gone to study to a non jewed country, with sane university prices. Besides, most degrees are useless anyway.

>>23223796
That's not my loan btw. My parents paid off my 220k in SLD when I was still in my early 20's

>>23221597
Dont borrow money you cant afford you cuck

>>23223733
Your greatest enemy is yourself when it comes to trading bro. The crowd is always wrong, dont be like them. See everyone panic selling? Buy. Fomo pump? Take some profit. Learn to differentiate a dump from a bleed and a pump from a climb, the former is obvious as fuck and will make you emotional.
Just make sure youre investing in the right things and you won't have to worry that its going to zero
>>23223871
Also, pro tip, take whatever price prediction CT or biz retards have and divide it by half. Be realistic

why would anyone pay their student loan off lol? just vote democrat, it'll be forgiven soon.

>>23223796
That image is actually from this article.

https://greenlemon.me/30-us-people-share-their-students-loan-debts-and-you-can-feel-how-hopeless-theyre/

>>23223950
This is good advice, I'll save it and re-read it a few times. thank you.

>>23223842
>Is it my mindset? what should I do to change it?
Just think it through. You just received a $100k+ windfall. Your net worth (assuming house is paid off and no other debt) is now around $400k. You want to spend almost 25% of your net worth on a ridiculously expensive luxury car that will depreciate the moment it leaves the dealer, while you already own a $35k car. See the issue here? You should be buying appreciating assets to grow your wealth.

There is nothing wrong with treating yourself to nice things, but don't go overboard. Spending like 5%-10% of your net worth on a status symbol is sorta doable. Saying "I don't know what else to spend it on" is literally one of the dumbest things I have ever heard. Buy stocks, bonds, precious metals, ammo, guns. Whatever the fuck. Grow your wealth by buying appreciating assets. Why would you spend it all on a fucking car that will make you happy for a few years tops?

>>23224058
ok, thank you. seriously. It makes me sad to not buy this car tbqh but You're not wrong. I'm afraid to invest. it scares the shit out of me. I was thinking of taking 30k from the DIS stock and putting it in crypto but I never pick winners. Gold is a meme imo, I was thinking of taking like 10k and spreading it across sub $1.00 shit coins in hopes that one of them moons but I genuinely don't know what else to invest in. I could give it to a wealth manager? they take a huge commision though so I still don't know what to do really.

>>23224058
I hate you because you're right lol. I get shit on when I buy stocks. I would never buy US bonds in this economy. 10Y yield is like 0.71% and Gold is possible but is it actually guaranteed to go up?

>>23221597
So I guess she'll want tax payers to fork out for the shitty irresponsible loan she decided to take on? Why is she acting like she didn't get a say in this? I'm so fucking grateful I'm not a conformist faggot like the people I went to school with.
>t. just turned 20yo with over $30k in crypto gains working minimum wage

>>23222614
What kind of job did you have out of college?

>>23222110
Delet this!
>>23223106
>its not our fault society made us do it!
Kys nigger trades are always an option but working with your hands is hard and can break your nails so you dont even look into it because you dont even know how to do an oil change
>>23223219
>it wasnt me its the boomers fault
Unless you went into college at 14 yrs old this is bullshit. How can you be 18 years old a fucking adult and not have the intelligence to see that signing private loans at ridiculous interest rates to study African Diaspora Dance Theory is a bad idea? 18 yr olds are going to the army passing selection becoming green berets and by 22 are training guerrilla forces in Africa to overthrow the local jihadist warlords, but you are crying cause the bad baby boomers didnt tell you thay money you borrow has to be repaid boo hoo

>Johnny Good Goy gets $50k in debt
>dedicates his first years in employment to serving his jewish masters to pay off his debt above all else
>invests no money, saves no money
>pays off his debt in two years by working overtime
>one month later, a democrat is elected president and all student loan debt is erased

Imagine paying a cent of this debt back instead of buying the dip

>>23223106
It's kill or be killed out there and every man for himself. We can't help but laugh at the people who fall into these obvious traps

>>23222919
>Jaguar
You're going to become very friendly with your mechanic.

>>23221597

>Graduate from college working full time
>Working full time so no internships
>No internship so no job to get with degree because '""""""""no experience"""""" while the unemployed trust fund chucklefuck taking his morning jog runs into the CEO and gets to be VP of marketing

No one is forcing these people to go to school with a gun to their head. I never understood why they bitch about loans. Just don't go to school. Not everyone has to go to school.

>>23224239
>Gold is possible but is it actually guaranteed to go up?
*guaranteed to retain it's value over the dollar. It's not going to earn you much though.
>I was thinking of taking like 10k and spreading it across sub $1.00 shit coins in hopes that one of them moons
Why though? When you've got $30k of expendable income you don't put it all on shitcoins anon. Maybe 3K can go on shitcoins with the knowledge you'll likely lose it. Put the rest on top 10 coins - I would go for LINK, ETH, BTC in that order. If you need a quality lowcap alt I recommend Bidao (BID), very promising fundamentals and chart setup.

>>23224560
Well for the first five years or 60k you don't pay anything in maintence so I'm thinking of selling it after like 4y. Or I can get a 7 year 110k warranty for like an extra 5k and not have to worry for a lot longer. tbqh I'm thinking of investing the money instead now. I still really want this fucking car. it's basically a blowjob machine with wheels.

>>23221597

>not understanding basic interest in 2020

Just kill yourself desu.

>>23224657
I can do that. especially LINK, I've always liked it and it's been something I've wanted to put money into. If you had 50k, what would you do with it?

>>23221597
Took a loan out and didn't calculate interest or look at his payment schedule

>>23224657
>Bidao
also, what's a safe number to put into Bidao? 5k? what will it likely end up resting at?

>>23224329
Pharmacist making $110k. Now I'm at $180k.

>>23221597
t. didn't read the contract

>>23224633
But if I don’t go to college, how will I ever become a urologist like uncle Ira?

>>23221597
Why the fuck do morons like this treat university like an expensive social club rather than an investment in your education?

study a meme degree, get memed on

>>23221615
fpbp
never went to college, made it, don't want to have to bail these retarded faggots out

>>23223431
The real problem here is that teenagers feel like they're forced to go to college.

>>23221597
this hole started at 100 cubic feet. It gets refilled at 1 cubic foot per year. I take out 1.01 cubic feet per year. To date I've dug out 50.5 cubic feet. The hole's total volume is 100.5 cubic feet.

>>23224711
>>23224776
I would go $25k LINK, $10k eth, $12k BTC (wait until it reaches $12k, it may fall to fill the CME gap, then try to buy at $9.5k) and $3k in BID.
>what will it likely end up resting at?
There's talk of a token burn about to happen. I think it will go as high as $0.50 - $1.00

>>23224954
Should i wait for a low on all these? (except BID obviously)? I'm assuming clown world has something else tragic in the wings. Should I wait to buy?

>>23222929
>I'm a physician
>based strategy is to file for bankruptcy
>I'm filing for SSDI and then getting a disability discharge
Wouldn't all these "based strategies" become known when it's time to get your license or hospital privileges? Wouldn't there be some ethics board or some other body that would literally fuck you out of a lucrative profession that would let you pay off your loans in a few years anyway? Or are you a "physician" in the sense that people pay you to put drugs into their bodies and/or cut them up as needed?

>>23223361
>how exactly? this isnt the irs we’re talking about.
Getting IRS debt forgiven is a fairly trivial process.

>>23223604
>then deny your bankruptcy
Any good story about this? I've never heard of a bankruptcy being denied, though I have heard of loans not being discharged in bankruptcy, e.g. the very student loans discussed here.

>>23225210
it's a larp or he's a complete retard.
>Once I have over a million saved, I'm filing for SSDI and then getting a disability discharge
you can't file for bankruptcy with a million in assets. if the bankruptcy court allowed you to file bankruptcy (they wouldn't) they would first require you to liquidate your assets and use those assets to pay off the debt unless it's exempted (most of it won't be exempted even if that "million saved" was entirely home equity.)

>>23223518
>a robotic lawn mower
Are you fucking trolling?

>>23221597
Are US student loans from banks or from the government?

>>23225351
can be one or the other, or both.

>>23221597
Yes that’s how interest works. She knew how interest worked before signing right?

>>23223431
>18 yr old
aka adults

>>23222944
zero interest loan is an infinite money trick

>>23225343
lol no, I want the Husqvarna 400 automower or two of the worx landroids. I have a big fking yard and they charge almost 120 a cut where I am. I already made an agreement with the mower guy to come and edge and clean up what the mower misses for 70 a month at 35 every two weeks. I will never buy a lawn mower and the rest of my house is smart controlled so I figured I might as well make the mower smart too.

>>23225305
>only chapter 7 exists
>only the motion to initially file is needed to stop garnishment and it can be backed out of usually
Based ignoramus

>>23221854
I know you can't wipe student loans with bankruptcy in the US but is it possible to pay them off with credit cards/koans and then wipe that debt by declaring it?

>>23226236
Actually yeah, I'm pretty sure you can. Surprised more people don't do that.

>>23223037
>Maybe because she can't pay the fucking loan.
Then don’t take the fucking loan! Stop making excuses for people being retards

>>23225158
Why not try to buy on a red day
Unless you're getting into PNK, which is a decent purchase atm
But your hands will need to be made of diamond

>>23226236
>This destroys your credit

>>23221597
don't think that 37k today worth nearly as much as 38k backnthen

ever notice how the venn diagram of people who say "i never went to college it's a scam" and people too retarded to get admitted to a top 20 university is a fucking circle? it's never "i turned down Stanford, it's a scam." it's "i was too incompetent to get into anywhere of merit and am unwilling to go to cheap community college for 2 years and transfer elsewhere after performing well, so i will call all of college a scam due to my own failures"

>>23221615
/thread

>>23226471
ever notice how the blue collar working class people seem to have nicer things/more money than the debt ridden college yuppies? that's because they were too dumb to get into jew debt, ironically, lmao.

>>23221597
fuck off with your stupid reddit tier thread nigger

>>23226536
>He thinks blue collar fags aren't just as bad with money and going into debt over cars and conooming credit card debt

>>23221597
Why would you get anything but government loans?

>>23221597
>school
ngmi

At that point I would just fuck off back to the nigger land she came from

>>23221597

She should suck cock to pay it faster

>>23226931
Her family probably has been to africa in generations, possibly 400 ish years. Despite all her debt, she'd probably have a better life here.

>>23221725

>>23226471
>due to my own failures
Lack of talent or aptitude for book learning is not a failure. Recognizing this lack is a success - and frees you to move on to jobs you can do productively. Not recognizing this is how you get OP's pic.

>>23225823
>I want the Husqvarna 400 automower or two of the worx landroids. I have a big fking yard and they charge almost 120 a cut where I am.
Big part of this thread is you asking for financial advice about what to do with 200k, 100k of which is a windfall unlikely to recur. It frankly does not fucking matter what "they" charge for mowing the lawn in your neighborhood. Someone in your financial condition should be mowing his own lawn, unless you can spend that time making significantly more money.
If you recognize that you are not that good at making money with the stock market by picking stocks, then it's true - but then you can let your money make you money. Your $200k is much better at making you money than you are. So don't give it to a fucking car or a fucking lawnmower. These items, cool as they are, suck at making money even worse than you do. And I say this with love, anon.

>>23222919
don't buy a jag man. dead company. unless you can afford pic related don't fuck with that shitter brand
I guess if you're looking for a car like that you should go to /o/ and ask. assuming you can afford it.

>>23223181
LMAO wtf in NZ the loan is big but it's completely interest free unless you move overseas (fair call, you're no longer contributing to the country, but then it's 6%)