/biz/ - Business & Finance

never pay any debt
your money is unseizable in crypto if you're smart.
nobody wille ver throw you in jail for it
remain a neet so they cant garnish your wages

Most people's student loans are legitimately a nothing burger at like $40k. I don't know how the fuck people can't pay it off unless you literally work at McDonald's.

>>26284477
Why would you wish to if you can spend it on crypto? -is the gist of the thread, which you seem to have completely missed

ITS NOT FAIIIIRRR
I PAID MINE OFF IN 2019
IF I HAD KNOWN THIS SHIT WAS GOING TO HAPPEN I WOULDNT HAVE

I should get that money back I paid the past ten months for fed student loans and invest in bao

>>26284328
HOLY BASED

>gets all these retards to get into gender studies, immigration officials, social workers, mental studies
>cancels their debt
its all making sense now. america was doomed from the start

what about evictions?

daily reminder to disassociate from liberals as much as possible, they are a danger to themselves and society

>>26284328
No one knows what will happen, but yes crypto has offered better returns. There is still something to saud about getting a chance to pay your loan off with ZERO INTEREST accumulating though. Paying your loans off early has never been easier. Maybe Biden will forgive them, idk. I'm not a cuck with loans so idc

>>26285019
Private property will be cancelled next

>>26284328
This is the guy who fought to make it impossible to discharge student loans. He's not going to cancel this shit. Read my post again, screenshot it, tattoo it on your ass.

>>26284328
I will NEVER pay my student loans until I ABSOLUTELY HAVE TO.

>mfw paid loans off in Jan 2020, seconds before the Bat Soup Flu hit

>>26285569
same, and even when they say I got to pay i'm doing bare income based minimum... literally in 400k plus of loans. I literally dump the amount my payment should be and some into the crypto for last year.

>>26284477
>tfw $300k in debt from med school

It's not fair bros Interest compounds at 7% as well and started compounding day of of med school

>you're a rich doctor, stop complaining

tfw make less than minimum wage right now as a resident on a per hour basis, and the salary for my specialty has been decreasing every year for like the last 6 years due to cuts from insurance. Best time to become a doc was 30 years ago, it's a meme now. Almost as mem-tier as a lawyer

>>26284477
$40k student loan debt here. i pay the minimum while I wait for it to be forgiven. except for the past year and this year of course where I will pay none of it.

Hopefully the biden administration comes to its senses and sends those $1400 checks. I need more money to squirrel away in crypto. Bonus check coming next month, gonna throw that at crypto too

WHY woudn't you pay off your debts ASAP?

Debt is slavery. You are owned by whomever you owe

>>26288381
yeah i dont understand that logic and the interest continually compounding on top like it actually becomes a reasonable sum of money

>>26284328
Imagine how much debt maxxers like Al Sayeem Hyde are making off crypto right now

>>26287071
You are making less than minimum wage by the hour and I'm making 175000 as a first year associate. Check my balls for lumps now cuck

>>26288381
>>26288614
cause if the debt is cheaper then the returns you can get with the capital, then the debt is free. and right now it's effectively at 0% interest. it is literally free money. also known as leverage.

If i spend all my money the past couple years paying off that debt, I wouldn't have a 6 figure crypto portfolio. debt is a tool. it is not an ethical focal point.

>>26288381
Cause the government might just wipe it soon

>>26284328
do rent next

Cancel student loans... great, now the US government will make sure the banks get their money by taking it from us in ways the plebs won't notice. It's a new era!

>>26287071
What's your specialty? Anesthesia just keeps going up bro

>>26284328
I owe 8k left on Great Lakes loan. What should do? Will that be erased OR should pay it off now in full? Honestly curious because idk what they are going to do and this appears to my first and final chance to move out, start a business or something else like .

>>26284328
Join the great reset and have all debt forgiven. Terms and conditions apply.

>>26288991
I pretty much only did drugs and partied for 15 years after high school, stopped, and it took me two years of work and self-study to get an engineering job at $100,000 /yr.

How does it feel to know that a degenerate like me has developed more profitable career with less time invested? Also, no debt.

>tfw got a near full-ride scholarship
>...but used it to get a liberal arts degree

I haven't even applied to any jobs since graduating. I don't even know if I want a career or even a full-time job (I just work part-time retail & live with parents). There's no "career field" that interests me at all; I just want to read, play vidya, and shitpost on /biz/. I have an incredible lack of ambition.

For all I know, a liberal arts degree (anthropology in my case) is so useless I might as well just skip the job hunt and keep working my retail job (which isn't too bad desu) and trade crypto in all my free time.

>>26289306

If you have any debt at 0% you do not pay it off. Ever. That's a golden rule. If he's postponing it without interest you don't pay it.

>>26284328
>Student loans are almost assuredly going to be cancelled
Imagine actually believing this when they can get away with enslaving their goy cattle virtually forever and nobody will do anything about it.
Use your head. Shit's designed to be deferred so they would have some plausible deniability to fleece society further without directly addressing why (uh... the budget and economy are in bad shape, because, uh, things. covid. that's why we had to raise your taxes and student loan interest rates. sorry, we can't afford to forgive your debt!)

Thank goodness, because I defaulted on mine at the end of 2019 so I didn't have to sell any crypto

>>26289414
Replied to wrong person

>>26287071
See above post

>>26289414
I dropped out of grad school and bought chainlink kek stay poor wagies. Check on my balls and figure out these taxes would ya? I gotta keep that yield rolling

>>26284328
I'm in college right now
Should I max out the rest of my loans to buy BTC? I already did it last year, I'm just afraid they might seize my funds if I do it again

Moratorium? Just fucking cancel them already so I can get out scot free on my gains in crypto I bought with 0% interest loans

>>26289910
Do it anon don’t be a pussy

>>26289910
Yes anon, especially 0% interest govt loans. Literally free money

I owe 25k on my loans.. I could easily pay them off (170k salary) but why should I bother to . This money is going right into my savings / investment account

>>26284378
Literally the most based advice ever posted

>>26289099
This will never happen.

>>26284328
I actually paid off my student loans by selling my TSLA $690 calls in January 2020.

>>26290710
Holy shit, just enrolled for a bachelor's in gender studies at Phoenix University.

>>26288618
Fucking 400iq desu

>>26284895
im still betting we get a 10k decrease
huge middle finger to blue collar people and those who paid off appropriately. but its ultimately your fault for having a lack of risk tolerance

>>26289910
You have a 0% interest loan. Just buy BTC or Eth or link and play some vidya.

>>26284477
yeah I had $35k when I graduated, I got a remote job, decided to stay with my parents and pay mine off within a year, this was before I learned about investing though, if I could do it again maybe I wouldn't have done it like that, for one my hatred for my government has intensified and I don't want to give those fucks another cent if I can help it, I'd rather get out of this country and leave them with the debt while I make bank somewhere else. Oh well

Getting my MBA right now and went 100% federal loans. Before my MBA, some based anon recommended that I do income based repayments because you can essential cheat them out of having to pay. He even said it had a lifespan of 25 years and after that they get wiped.

This works because when they ask for proof of income, they only ask for 1 month's worth instead of the whole year. So on the month that you choose to show proof, you max out your IRA and retirement investments. The amount they base your income off of is the post investment amount. Suddenly you look like you're barely scraping by and they give you a much lower minimum amount to pay.

Has any med school/big debt school bros tried this?

>>26291041
this, how retarded do you have to be to believe the government would ever do this. Everybody lost their jobs and the most they could muster was $600. And you think they're gonna turn around and wipe out everyone's debt of $40k-$400,000?

>>26284328
I haven't paid any of my student (federal) loans since september. at first I was excited and was paying down my principal but at this rate they will get #cancelled and I can't wait

>>26291372
"blue collar" types don't take out more than 10-20k in loans.

>>26284328
Why don't they stop screwing around and just forgive them already?

>>26288381
because you want to get into a field you can't afford to get out of the low tier wageslave life

This wouldn't be a problem if school tuition wasn't $30k easy for a year of art school (worse for engineering at 44k a year or more), where by comparison our parents only had to pay like, a tenth of their income rather than more than an average person's wages before taxes.

That's not sustainable, and it means only the rich are allowed to be taught, which is horseshit.

>>26291636
Reminder that the "greatest generation" and boomers got their education for free. Then they changed the laws to make everyone else after them pay more.

>cheap houses
>free education
>more than enough jobs

If we want to be as successful as the boomers we need to recreate the conditions in which they were created.

>>26291525
Misses the point that you shouldn't pay it until you have to

>>26291086
which would have netted me ~3.5 million if I held till expiration.

Even when interest rates are normal, gains easily cover the monthly payments.

Paid off the $30k in loans I had remaining. It was so stupid of me. I think about it practically everyday how I could've been set for life.

Pay the minimum and invest the rest is the way.

>>26291790
so...we need another hitler?

>>26285539
>t.coping boomer
cancelling all debt is part of the master plan for the great reset though

Based Joe Biden

>>26291525
The dems are in office now honey

Why are leftist pretending to be happy when they're all suicidal?

I don't know if it will get wiped Now with it being extended, that won't even be a consideration for the next 9 months.

>>26289306
Take the payment you would have paid for the month and either:

Keep in high yield savings account (meh)
Invest it in something you believe in (not as meh)

>>26292472
They are always distracted with coomsomerism. If they are not distracted with star wars, goyflix, eating junk, jerking off, playing vidya or hating on someone for more than five minutes they start becoming self aware of how shitty and empty their lives are and the panic attacks start.

>>26291828
If you're still around, how many contracts did you have?

There is no free lunch desu. There will be conditions for getting your loan "cancelled". Enjoy your slave life because that's what it will take.
Get your shots
Eat the bugs
Give up ownership
BE HAPPY

>>26293262
Crickets are unironically fine to eat.

>>26289414
kek coders who think that they're "engineers"

>>26288381
Bacause I make more in gains per month than I accrue in interest from loans per month. I could have paid my loans off years ago but because I didn’t because it allowed me to invest more of my money into things like LINK.

>>26289910
fed gonna take your gains when you try to cash out. its illegal to use student loans on anything other than school

>>26293343
I will not eat the bugs

>>26285117
This guys klauses

>>26291790
We unironically have these. It's just that people at caveats to it
>cheap houses IN CALI
>free PRIVATE education
>more than enough jobs IN (DYING) FIELD
it's stupid how easy it is to be successful in this country of you're willing to compromise i.e. move to smaller state, go to public universities and CCs, and work in a demanded field.

>>26290852
Imaginé leaving your cash in a savings account losing 10 percent purchasing power a year.

>>26289446
Piece of shit. How much money do you have to "trade crytpo"? Like $500 a week? Even that?

Get your life together, master a skill - coding, aborist, anything. Start earning some decent money (180k+) when you're at a good level. Attract women, have sex, buy a house, have kids. Anyone can just sit on their ass. Will you be proud of the life you left behind?

>>26295092
when im dead im dead im not going to worry over much about what my life was when i cease to exist lol

just tryna enjoy what i can while i can