/biz/ - Business & Finance

Pay off your debt, but don’t consoom

>apartment
Hold long enough that you can get a house and stop being a pod cuck

>>26154532
>buy a new PC, a new car,

>>26154532
The only people who make it are those with balls big fucking heavy balls of steel. 90% of the original Linkers who bought at $0.20 and were "NEVER FUCKING SELLING" got shaken out between $5-$10.

u guys will unironically ngmi with that mentality

even if I were to spend 100k$ on useless shit right now, that would in no way improve my life whatsoever I would still be a fkn wagecuck cubicle prisoner for the rest of my life

however if I just invest it on memecoins there are 2 options, I make a 50x which actually changes my life forever or I lose everything in which case I would continue being a poor loser anyway

asymmetric investment, nothing to lose everything to win. This is how you make it anon

>>26154532
I have a car and a decent PC already, and still live with my parents. As shitty as that might be, i dont need to spend much of my money.

>>26154532
If you have debt anon, pay that off ASAP. your profits are not guaranteed to outdo the interest on your loans. After that, make sure you have an emergency fund set up, then you're free to HODL all you want. Remember to review Ramsey's 7 baby steps if you're unsure.

>>26154748
This, Ramsey is right.

>>26154532
Most of us already have that shit.
Did you forget you need to have excess money so you look into investing into shit?

>>26154532
I for one am paying off my debt once I make twice the amount. However all splurging will be put on hold. Frugal as possible until I make it. When I make it I'll spend and reward myself a bit.

>>26154532
I'll hold until the dots start turning green. No idea if it's delusion.

>>26154532

I just built a new PC with an 8 core Ryzen 3000 processor with a reddit-tier IPA mechanical keyboard; if I didnt need a new computer for my needs it wouldve been useless. Stop consooming you fucking rat; things dont make you happy.

>>26154532
>How do you resist the temptation to improve your life
buying shit wont improve your life, financial freedom will
>>26154644
checked, based, and gmi

>>26154532
>>26154532
IF YOU VIEW IT AS A GROWING ASSET YOU KNOW YOU CAN SOON WITHDRAW 1% OF IT AND DO EVERYTHING YOU WANT, THEN RINSE AND REPEAT.

>>26154644
BASED AND DIVERSIFIED LOTTERY PILLED.

>>26154532
$10K to “spruce” up your apartment . Could you be a bigger faggot?

I'm not in debt, the money I earn at work goes towards the house I'm building and my old crappy car is still running. Crypto for me will be a comfy retirement or a failed gamble, nothing in between.
I'm greedy, but what I crave is freedom from the rat wheel, not material goods.

>>26154532
for me its 1 billion or bust

>>26154532
You must set your goals higher. 20k is really nothing. The amount of consuum would just make me sad.

>>26154532
It's already been said, but the goal is retirement. I'd unironically rather live in a trailer and drive a carolla than live in a mansion and drive a lambo, if it meant I never had to work again.
If you don't mind working for shekelburg until you're 70, go for it.

>>26154748
>your profits are not guaranteed to outdo the interest on your loans
>mortgate is a fixed 3.75% per annum in Fedcoin
What a fucking idiot, lol. If you listen to this guy, you'll be a wage slave until you're 70.

>>26154532
Why can't you just make reasonable purchases and live within your means until you can retire? Maybe reinvest the money so you'll have more long term? It's not greed anon, it's called financial stability.

>>26154532
just be depressed bro

You should take profit and also reinvest what you can on the way down.

>>26155338
I got so triggered I couldn't spell "mortgage".

What, you thought we would let some NEETs become rich and powerful? Lol

$2 million is the target goal for me, which I can live of staking rewards for the rest of my life comfortably

>>26154532
HODLing isn't an issue for me. I went all in on LINK in early 2018 when it was at rock bottom and have held my stack through all the highs and lows since. Cashing out now would be incredibly shortsighted and I'm not going to waste a golden opportunity for an early retirement just so I can get a new laptop, blow 30K+ on a depreciating asset, or any other frivolous purchases. You can clearly live without any of those purchases you mentioned and 3 years from now when your stack is worth considerably more than it is currently, you're going to hate getting into your car because it'll remind you that you blew your stack on something you'd be lucky to get 3/4 of what you initially bought it for.