/biz/ - Business & Finance

>>25570247
Not a burger but someone do it.

>>25570247
Ok btc is doing great, but why shit on etfs?

>>25570296
I ;love ETFs also but was just one thing
What about the You literally can't cash out CopyPasta Who has it ?

>>25570247
>Well son, easy come easy go
>says something vaguely insulting your intelligence and slightly demeaning
>Yep, it's a bubble and when it pops you'll regret it. Better to sit in cash.
zzz

>>25570247
Sorry anon. Only boomers are allowed to get rich easy.
Now put your money in 1% yield bonds and wait 100 years so you can afford a down payment for a house.

>>25570247
You need a fake question to get through then ask the real one

>>25570247
Hi Dave,

Sometimes when I pee pee I poo poo. But when I poo poo I always pee pee. Thoughts?

THanks,
Anon

fuckin boomers

>glad to hear it anon, feel free to call back in 3months when bitcoin crashes again
>what, you do know it'll come back down, right anon??

>>25570551
We need the You can't cash out copy pasta
who has it ?

Welp... looks like we've arrived at this point again. Where another poor soul finally realizes that crypto is a scam because you can't cash out.

You LITERALLY can't fucking cash out. Seriously, try it. You wasted all your money on internet bucks. There is no way to convert it back to fiat. All those "exchanges" that claim to deposit your money into your bank? Those are scams, the deposit never goes through. All those people saying it isn't a scam? They're shills for the scam "exchanges."

Anyone who tries to refute this post is a scammer shilling for scammy exchanges.

>>25570296
>>25570346
I have most of my real savings in Boomer ETFs (yeah ngmi whatever) but it's fun to trigger Boomers with.
Besides, Dave Ramsey doesn't recommend Boomer ETFs. ETFs are more of a late Millennial thing which got roped into Boomers via the 30 year old Boomer. He still promotes mutual funds as the way to go, like a true Boomer would.

>>25570247
Say you recently cashed out a few hundred thousand after having heard his show about how that might not work, and now you are concerned that having followed his advice might make you miss out on generational wealth.

>>25570821
dude i have a lot in it too
im just shit talking

>>25570882
Triggered
Ramsey just said that millionaires didn't buy bitcoin

>>25570247
You do it, faggot. Why even make a thread if you don't have the cojones?

I’m on the road right now. I will call this week with the copy pasta
My name will be wojak feelsgoy.
I’m phone posting right now
I’m going to tell him this week that I can’t cash out and wasted all my money on internet bucks

>>25570247

Beans and Rice and Rice and Beans. Buy my daughters book. Here's my son... Lets here you SCREAM... Find a good church... I'm going to gift you Financial Peace University. Why aren't you married yet. Just deliver pizzas for $1500 a month and use that to pay of your debt... 1m debt... who's the doctor.

He's not too bad. He completely turned me off every trying to make money off property.

>>25571397

Tell him you took out a student loan to buy bitcoin, now you have millions of dollars but you can't cash out.

>>25571397
dont forget $220k cc DEABT cuz you got rugpulled by a gang of scamming trannies from india or nigeria

>>25571397
remember to give your opinion on jannies and other groups

obligatory:
https://www.youtube.com/watch?v=ki2z0KhJLlA

>>25571685
This. Say it was from a private loan distributor too with a 33% interest rate.

>>25571892

>>25570247
SOMEONE CALL HIM AND DO THE UNCLE MOSHE PASTA
SOMEONE CALL HIM AND DO THE UNCLE MOSHE PASTA
SOMEONE CALL HIM AND DO THE UNCLE MOSHE PASTA
SOMEONE CALL HIM AND DO THE UNCLE MOSHE PASTA

>>25571892
this video makes me irrationally angry

>>25572201
cash it, dude
>tonight

Would be funnier if an anon called for advice about escaping 6-figure purgatory

>>25571397
>feelsgoy
lol

pchewww.. its in code

>>25571892
The saddest part is he has 2 million yt subs.

>>25570247
We just all need to call him and jam his phone lines with DO A BARREL ROLL like old anonymous vs Tom Green Show

I JUST FOUND AN OLD BITCOIN WALLET! My uncle Moshe died awhile ago, and today my aunt called me up and asked me to come over and clean out his room. He had an old laptop and guess what was on it. I remember him talking about some internet shekels thing but I had no idea he had Bitcoin. I'm fucking rich. I'm ecstatic. I'm so happy and feeling generous so just post your address and I will definitely send you some. We are all gonna make it bros.

>>25570502
>1% yield
>inflation 20%
>housing goes up 30%

>>25572781
Uncle was a rabbi also

>>25572522
>2 mm astroturf bot subscribers

Call and tell him you put all of your net worth into chainlink token after a guy named Assblaster posted about it on an internet basket weaving forum because you thought the memes where funny

>>25572396
It was hilarious. Dave was seething that some random guy made money without taking an extra job and investing in mutual funds over 20 years.

>>25571485
His intended audience are financial retards. He's fine for them

Tell him that you bought some for drugs in 2011, got spooked so you didn’t use them, then forgot you had them and are now worth 2.6 million and CASHED OUT.

>>25572847
>pUt YoUr MoNeY iNtO bOnDs, SpOrT, tHeY'rE tHe SaFeSt WaY tO eArN mOnEy

>>25571485
Good compilation of Dave Ramsey memes too

>>25570794
>Anyone who tries to refute this post is a scammer shilling for scammy exchanges.
kek what a glorious copypasta

>>25570794
I got my money out of exchanges before, I sold a few thousand dollars worth of link to pay bills when I lost my job durring covid and hit a rough spot. It actually transferred faster than transferring between my bank and my actual brokerage account.
Crypto literally saved my life anon, I wouldn't have the money if all my shit was in cash.

>>25571485
>He completely turned me off every trying to make money off property
If you had bought an investment property last year, instead of taking this charlatans advice, you would have made a substantial amount of money

>>25571485
>He completely turned me off every trying to make money off property.
I bought a house when I was 18 years old going to college and rented out rooms, paid it off in 5 years.
If money was all I cared about I could have been set for life, but I wanted a good engineering job and after graduating took the first job offer I got making 60k per year sounded great at the time, but now I have another house halfway across the country and I'm still making payments on, still also have to pay bills on the old house (taxes and heat mostly, don't want frozen pipes) I am still trying to find a buyer for my old house.

>>25571892
>50% of you net worth is on the roullette table
>mmmhhmmmm in code

try 98% David.

>>25573493
I get more than that in my savings account, who the fuck would give their money to the government anyways?

>>25573493
omg LMAO

>>25570247
/Biz/ Calls boomerdaddy ramsey:

Welcome to the Dave ramse-

>PEE PEE POO POO NO BITCOIN LEFT FOR YOUHOOOO! EAT MY SHIT JANNIES IM GOING TO LAMBO LAND TO FUCK YOUR MOTHER THE FORMERLY-WELL-TO-DO-HOUSWIFE FUCK YOU PAY ME, WE MOONMEN NOW RON PAUL 2024!! **Click**

What in the goddamn??

>>25571892
those cope faces at :15 upon hearing gains lmao fucking idiot boomers, just wish they'd be alive long enough to become fully poor before they die

>>25572522
His advice is idiot proof at least. You can't hurt yourself doing what he says. You'd end off better than 85% of the population of you were content to wageslave for 50 years.

Hey Dave, first time long time. Just wondering what your thoughts are on discord trannies that try and perform pump and dumps on shitcoins? I’ll hang up and listen

>>25574623
How have you not found a buyer in this market anon?

>>25575045
Location

>>25570247
can we get a link to his live stream?

>>25575092
I feel bad that you live in a hellhole then

>>25570247
I'd sell that immediately, if you even can

May the Lords light shine bright with you brother thank you for calling

CASH IT, SIRS

>>25575607
I hate this bald faggot and wish to beat him with an aluminum baseball bat.

>>25570247
>Dave Ramsey
I don't get why /biz/ hates him so much.
His advice is ass but when you consider his typical audience member is the type of smooth brain that doesn't even know what a budget is or how to balance one, then it makes sense for these types of people to go full boomer.

Personally I love the guy. Not for me but for my mom. She stumbled upon his shit by chance like 5 years ago and listening to his boomer nonsense he convinced her to stop drinking, stop wasting money on needless luxuries like trading in for a new car every few years, and start investing in general (she started her first retirement account at 45). His stuff helped her rationalize going back to trade school, she picked up being an aestitician, started her own spa and now pulls near 6-figure in revenue doing skin care. I've never seen any other person have a mid life turn around like what she did.

>>25572427
Well I laughed like a fuckin idiot, friends are asking me whats so damn funny. How do you explain 6 figure hell to normies?

>>25570247
did any biz freaks get through on his show? someone's gotta record this shit

>>25574696
muni bonds are tax free and sometimes go up to 5%

>>25575919
Im proud of your mom.

>>25574841
it's good advice for 90IQ normies who do shit like buy brand new cars and a mcmansion when they just got out of college and have $200k student loan debt

basically they think they can live like it's 1950 and be financially sound

>>25576271
I am too :-)
It's one of the few stories I have from my life that really make me happy.

>Don't have a credit card
>Don't blow your money on stupid shit
>Don't buy a new car
>Invest in real estate

This is all perfectly sound advice. It won't get you rich overnight, but it's a fuckton better than being in $200,000 debt and taking Instagram pics next to your brand new BMW

>>25577028
Thanks Dave for stating the fucking obvious make sure to remind everyone to put the toilet seat up before you take a piss while you're at it you fucking retard

>>25575688
There's really nothing wrong with him, he's just talking to an audience of literal retards who don't even understand basic finance.

>>25577481
Most people ARE financially retarded though. Being good at finance is a part time job. Most people are too busy staring open-mouthed at Netflix for 10 hours straight.

Its literally happening there is a discord tranny getting divorced.
https://www.youtube.com/watch?v=UWFbJQB0N3w

>>25577028
Most credit cards can give you a ton of bonuses, cash back and rewards etc. not having one is stupid if you can pay the bill on time

>>25570247
whats his number

im a kiwifag and i will roast the fuck out of him

i have made 600k in the past 2 years

Hello mister Ramsey. I currently have one hundred million dollars of debt and two hundred million dollars in Etherium crypto currency. How do I turn my life around and become poor like you?

>>25577813
gong to have to call tomorrow

>>25570247
kek I will

>>25577645
> It's totally normal to transition now

wtf /biz/ wtf wtf wtf wtf

what the actual fuck

I can't, I fucking can't

Fuck this, fuck these people, the Jews have truly won.

>>25577972
Hi Dave
Thanks for taking my call
I finally realized that crypto is a scam because you can't cash out. You literally can't freaking cash out. Seriously any of your callers that have crypto I invite to try to cash out. I wasted all of my money on internet bucks. There is no way to convert it back to fiat.

>>25578063
either this or the moshe copypasta

whats his number? And when do I call?

hi dave

i was wanting to take a piss in the bathroom as a transgender female and i could not. all of the sit down toilets were taken.

all i could hear from them while they were inside the stalls was that they were making sick gains and were going to make it.

how can i sue these cis males?

>>25578105
can't find moshe

>>25578165
going to have to call tomorrow

Cash it out right fucking NOW

I'm not messing around kiddo

>>25575607
you literally cant cash out dave

>>25571892
Seething boomers like this give me life. Unable to admit theyre wrong holy shit

>>25571892
how fucking old do you have to be to think 7 years is short term??? 90+?

>>25578868
the comments are cringe worthy in some cases

>>25577732
Credit cards are built with that in mind you dumb idiot. Of course theyre nice when youre ontop of it all, but they turn into your financial nightmare when something in your life (and for the average amerilard that something just might be some drunk driver retard crippling you) goes wrong. The credit card has patience, its like a crocodile, but eventually it bites you, and then youre dead meat.

>>25570247
You’ve got to come off like a financial illiterate retard to get on the show

You cashed out like I told you, right?

>>25577529
I hate his accent. Southern Accents make people sound stupid.

>>25570296
>passive investing
>you pay us to literally do nothing

>>25579754
I've heard him talk to people who wanted to invest instead of end their mortgage early. He caters to a particular crowd and he holds them, so anytime it seems like he might be wrong he just reverts to slightly less than extreme risk aversion. He's talked about goldbugs as well. He literally just toes the line like a good goy, and boomer retards just love jews because they can't cope with what's happened to their lineage.

>>25579709
This is completely wrong if you aren’t an absolute destitute poor fag lmao.

>>25579709
and then i dont pay it. thanks for the unsecured loans rabbi! see you in debtors prison. Oh thats right, no such thing.

>>25577732
you pay a fee every time you use it. you also sell your data. I can't believe how many people think they are getting over on banks buy using their own product as intended.
>imb4 the fee isn't on my statement so I don't pay it

>>25580806
i dont pay a fee the merchant does and unless theyre offering cash discount it dont make a fuck to me retard. I wash enough purchasing business supplies through a rewards card i fly 1st class everywhere for free. but im sure ramsey has been a huge help to you.

>>25573493

>>25579709
So the scenario you are cooking up is:
>have a checking account with $0
>get hit by car
>have credit card
>buy new legs with credit card
>oh no I can't pay it off on time!
>raped by 20% interest rate
And you think the better alternative is:
>have checking account with $0, debit card, and 5 mercury dimes
>get hit by car
>??? new legs ???
>financially stable, not tricked by jews

okay

What he's basically saying is avoid DEABT. Okay? You're 200 THOUSAND. in DEABT. Okay?

>>25578868
>using any definition for long term other than the one from the IRS
why do boomers do this shit? it's like they want to flex that they held stock for longer which is some brainlet shit

>>25573493
>>25581198
>Boomers thought this was safe

>>25581471

>>25582904
Didn't they get the rate locked in on the date though?

>>25570291
this and post results. i want this vulture eternally btfo'd

>>25570247
PLEASE

He gives good advice to peopl with 70IQ on hoiw to manage their money. Knows nothing on Crypto

ask him if he can explain bitcoin to you and if he gives a one sided poor explanation then ask him why is he giving advice on bitcoin if he doesn't know bitcoin's ins and out

>>25571892
I don't understand Dave's interpretation of the sunk cost fallacy at all desu. Isn't he supposed to know finance? How are you reinvesting the entire cost of the investment anew every day?

>By Nightfall

CASH IT

>>25584347
that's not sunk cost he's just a retard
for sunk cost examples read the xrp general

>>25584492
>for sunk cost examples read the xrp general
KEK

>>25584347
The idea is that if you invested $1,000 dollars and it became $10,000, one way you can think is, "Oh I just invested $1000, it's ok if it goes down to $9,000, I'll still be ahead, I'm not risking much because I only put in $1000 to begin with".

Dave would rather you think "I actually have $10,000 right fucking now. And it'a real money that I can use to buy things, and real money that I can lose. And I am choosing to continue to have it invested in Btc. If I had $10,000, would I invest it into btc at today's price? If so, good. If not, then maybe sell because you actually have that 10,000 right now, it's not just 1,000. If it goes down to 9000 you actually lost 1000. Rather than still being up compared to when you bought in." Just another way of thinking, and not wrong imo

>>25584492
based

>>25585012
Then why invest in anything? You lose just holding savings in cash these days and nowhere else guarantees an inflation beating return. If you started a business would he advise selling up at the end of the day in case you went bust?

What time is his show tomorrow if we can get at least one live call in it’d make my year. On air prank calls make me cry especially if they start serious
https://youtu.be/lKlScX19aA0

>>25585012
it's not wrong, but it'll lead a normie to sell an otherwise good investment because they paper hands when they realize how much it grew by
but i guess dave is for brainless normies anyway

Rice n beans n beans n rice. Don't see the inside of a restaurant unless you're workin' in one. $1000 emergency fund. Debt snowball, largest to smallest. 3-6 months of expenses. Buy my daughters new book. Cut up those credit cards. No debt but the 15-year home mortgage. Invest in mutual funds. Live like no one else so you can live like no one else. Better than I deserve. The paid off mortgage is the status symbol of choice. Tune in again tomorrow.

>>25585012
Kind of weird that he uses the term "sunk cost fallacy" which to me means something else but I think that's what he means anyways when he says "reinvesting" every day

>>25585285
>Live like no one else so you can live like no one else
He was unironically right about this. And since 2015 there's been anons living on nothing but top ramen and hentai fapping so they could acoomulate 7 digit stacks.

>>25571485
>stay away from investment property
Jesus Christ you fell for the worst advice this Boomer retard gives out. Literally the only thing he’s good for is “pay your debt”

Dave Ramsey is for emotional spenders only.

When he says better than he deserves, he really means it because he knows that his investment advice is bad.

Notice that he never paid all of his debts. He declared bankruptcy. Better than he deserves indeed.

>>25585181
>>25585185
>>25585305
That anon is correct. Dave's investment advice is for people who are completely hands off and too emotional to handle anything else. You have to realize the majority of his audience (like the majority of people) are in debt to their eyeballs and terrible with money. He built his own empire by leveraging himself on real estate debt.

>>25585405
His bankruptcy also didn't touch his real estate. This is why you hear of successful people who bankrupted but came back ahead because you can set up assets to not be touched by shit like bankruptcy.

>>25585285
>$1000 emergency fund
kek, this isn't even half my fucking rent

I just want someone to call tomorrow and ask if he can do a 100x scream.

>>25585555
checked

>>25571892
Peak boomerism with a token nigger to go with it. I could not have summed up the boomer generation better in one clip.

>>25570291
ask him what he thinks about going all in on Bitcoin.

>>25585555
I will never understand why people have cash or PM's in case of an apocalyptic scenario. Paper and pretty rocks won't matter if the Stock Market doesn't matter anymore. They'd be much better off buying ammo as evidenced by the current ammo prices.

>>25576602
>>25575919
based mom

The only thing this show is good for is that you really see how financially illiterate the average person is.

>>25585626
In a true SHTF scenario, cash will have utility in the first few weeks. The vast majority of people have no fucking clue that fiat has no value backing it other than state action and when the state plainly can't enforce an order it is useless. You'll be able to acquire needed items with cash in the early weeks. PM do have intrinsic value in such a scenario as they provide a medium of exchange.

But ya obviously the guns and loli dolls are the most important items

>>25585712
You see a lot of that here on /biz/. Always amazes me how people start buying shit without learning the basic regulations and how taxes work.

>>25585181
If you genuinely believe that your business will eventually fail and make you lose a lot of value (more value than you would have lost holding cash), it might not be a bad idea to sell. In the end, Dave gives the advice he gives because he thinks btc is too high risk to put half of your net worth in. For me personally I think btc will go up more and I'm not very risk averse so I don't mind being invested in it

>>25585712
The blackpill is that his advice is actually sound for his audience and his audience is representative of 90% of humanity

>>25580973
>missing the point
prices go up the more ubiquitous credit is. it's inflation creating but you have to pay it off next month thus no benefit from the inflation. and you make no mention of the privacy aspect either. what happens when visa won't let you buy mein kampf?
>he's gonna miss it again
>he's gonna double down on his free plane ticket in a recliner
>he's gonna act like traveling away from the place he chose to live is somehow worth way more than a plane ticket and impart that worth onto the banks that definitely aren't tricking him for that plane ticket that's literally worthless if it goes unfilled

>>25585488
Better than he deserves indeed!

>>25585810
the blackpill is it should be sound advice, but his audience is dying and their children are pro-israel, pro-tranny, pro-gay, pro-"worker", pro-immigrant, pro-criminal, and anti-white.

>>25585488
>His bankruptcy also didn't touch his real estate.
proof?
>you can set up assets to not be touched by shit like bankruptcy.
so he used a corporate structure to buy the property but he still had an interest in the corporation. can someone explain this better? we're missing at least some steps here

>>25570502
A FHA loan only requires 620 credit score and 3.5% down. In silicon valley the max loan limit is $760k so you only need like $30k. That's like a base model mustang.

>>25570794
Based pasta

>>25570871
>I trust other people to tell me how to invest
Why not just give them the money?

>>25586691
Imagine buying any mustang

>>25570821
>>25570882
ngmi

>>25585183
Kek I will gladly do any copypasta for his show. I really don’t care I just hit 7 figures so now I just want to have fun

>>25572427
This

>>25585978
haha nice bait you almost got me i admit

>>25570794
Hmm. I wonder what the cash out option did for me then. I mean, I have the funds? I must have been duped somehow.

>>25585626
the precious metals are for after the shtf when things normalize gold and silver are the default currency

>>25585285
kek, spot on

>>25584347
>>25584492
>>25585012
>>25585181
>>25585185
>>25585305
he misspoke; what he was referring to is called the endowment effect.

>the endowment effect occurs when people place a higher value on a good that they own than on an identical good that they do not own. The endowment effect can lead to poor and irrational investment decisions, whereby (for example) investors refuse to sell loss-making investments in the hope of making their money back.

Basically people are irrational about holding investments that they're already invested in. It's why you see posts on plebbit where Tesla employees ask "hurr durr I have $500k in vested company stock, should I sell it or hold?" Or why you see trust fund kids inherit a bunch of shitty managed mutual funds from their boomer grandparents and they keep the money in the shitty managed mutual funds instead of doing something smarter with it