/biz/ - Business & Finance

he's a smug douchebag who shits on anyone who suggests they can do better than his plan

he was wrong about Bitcoin, he was wrong about gold, and he's mostly wrong about mutual funds now that ETFs exist

>>55926171
He never went through wage slavery like the vast majority of Americans have to go through. Then he goes and tells people "just get a higher paying job" or "spend less money".

>>55926171
His advice is for low IQ subhumans to be steered away from buying food on doordash with a credit card, maxing it out and then making minimum payments on it
If you're triple digit IQ then his advice is not sneeded and you're better off looking elsewhere for financial advice

>>55926171
>>55926272
This.
His advice applies to the lowest common denominator which is roughly 90% of the American population.

>>55926171
>Son of a banker
>Never experienced financial conditions of everyday people
>Tells people to be more frugal like that will get them enough to retire (3-5 million)
>Fuds any method the average person has at generational wealth

I would really loke to say how he would react to a /biz/ anon calling up and talking about being a NEET that lives with his parents and lost 90% of his inheritance on shitcoins though.

>>55926171
His tone is condescending. People don't like that.

he is a boomer, his age group lived through the easiest buy and hold in history. anyway fuck him, and his shitty show.

>>55926171
he tells people that they shouldn't buy a house until they're able to pay 50% down

for average wagecucks that basically means they have to wait until their 40s to buy a house and they end up hundreds of thousands of dollars poorer because they throw more money away on rent and miss out on house price appreciation

>files for bankruptcy and takes on debt to flip houses and get rich
>NOOOOOOOOOOOO YOU CANT TAKE OUT A LOAN NOOOOOOOOOOOOO YOU CANT FILE FOR BANKRUPTCY YOU HAVE TO EAT RICE AND BEANS UNTIL YOU PAY EVERY PENNY BACK

>>55926556
The average bizlit

>Son of normies
>Never experienced financial conditions of everyday people because he just went to university and is now in a bullshit corporate job.
>Thinks that crypto is the future just because he got lucky visiting a degenerate gambling place
>Fuds any save and proven method the wagie has to get a safety net or save for retirement.
>Thinks that world owns him a nice life without putting in any effort.

I just laugh at callers who complain they are 500k in debt with car loans and credit cards and ask some radio boomer how to fix it, do americans really

>>55926171
No one really hates him for anything other than the fact he's king boomer and he's actually got some pretty shitty business practices like shilling his mutual funds where he gets significant kickbacks plus his whole referral network shit but whatever, there's worse business practices out there and that's kind of industry standard stuff.
Unless you're someone who is full blown nigger tier with money you're better off looking elsewhere for financial advice.
The way I look at it is people are naturally frugal, savers, investors, whatever, should look into riskier strategies because even if you fuck something up you will revert to your natural state of saving and being frugal and you probably have your shit squared away with income etc so as long as you don't completely blow yourself up you'll be fine. Inshallah

>>55926272
This. Ramsey's show is for trailer trash boomers who are literally too stupid to understand that they don't make enough money to pay back what they're spending with their credit card. But I'm convinced that the stuff about not filing for bankruptcy because it's "immoral" is just to rope in braindead christcucks and keep them poor and listening to his show

It's not his debt advice that gets hate, it's his outdated investment advice and he out of touch he is on the job market + housing market.

>>55930479
what would the updated investment advice be?

>>55930687
Debt maxx to swing trade crypto majors

>>55931519
Gambling is your modern advice? Most people are worse off trying this, especially at this point with crypto

>>55926171
https://www.youtube.com/watch?v=VlDje-TQQSs

>>55931537
Yeah git gud.
If you're too scared or lazy to learn how to improve then just DCA into SPXL or go listen to Dave Ramsey idc

>>55931790
just get a job or start a business lol