/biz/ - Business & Finance

>>57698668
Majority of poor are retarded.
But majority of rich are ALSO retarded.
You don’t see it because they have good amount of money, but eventually you see them broke as well.
Majority of the world is retarded as concluded here

Imagine posting this with a trip lmao

>>57698668
this is why black people will never make it

> daily mail
hello polchud

yes all of the worlds problems are because of poor people.
poor people are the evil menace of society, they are the reason why your life sucks.

>>57698781
This but unironically and it includes the low iq, 3rd world, poor immigrants

>>57698668
Retards, they give poor people money to stimulate the economy. You should be thankful these brave poors are increase the GDP and our share prices.

>>57698864
the big test with money, invest or dump on frivoities. Victorian and Edwardian Brits where right.

My God I hate niggers

>Get some reparations thrown your way
>See bitcoin is at $170k
>"Shiet I's gon be rich if I buy dis..."
>Rub chin
>Hydrate lips
>Get distracted
>Next day check bitcoin. it's at $171k
>"Aw shiet I's missin OUT! for REAL for real"
>"Man shieet... if I buy this now I'm finna be RICH G"
>Go all-in on bitcoin
>Next day bitcoin is -30% and the bull market has ended

>>57698874
Money is there to be spent, you can't take it with you when you die. You can't take anything as a matter of fact so I applaud her for having a nice family vacation, her children will grow up and remember that and in turn give back to their elderly mother.

>>57698781
Nobody said that. The source of our problems are Jews, who enable this parasitic behavior from lesser races.

>>57698736
>this is why women will never make it
ftfy

>>57699122
i chuckled

>>57698668
This is why Africans are majority poor.

>>57698668
toadvine cant wait for the movie

>>57698781
They cause about as many problems, with the core difference being that poors don't employ people so they are overall just a complete, 100% net negative to society

>>57699636
kek, they even film themselves being retards

>>57699122
Today I will remind them

>>57698668
the rich are psychotic retards who actively make the world a worse place to be (labor exploitation, turd world immigration, etc.) and poors are low IQ retards who actively make the world a worse place to be (violence, low IQ children, wastefulness, etc.)

Welcome to negroeland

>>57698668
>She added that she had never been taught financial literary or important lessons on saving cash for a rainy day, something that was offered to her for the first time in the program.
>This led her to open a savings account, which she said she aims to keep at least $50 in, and although she spent the remaining $4,000 in a matter of months, she insisted the funds helped her learn about saving money for the future.
>'A lot of communities in my area don’t know the financial gain of credit, saving for your kids; that’s why we’re broke, that’s why we don’t have nothing to pass down or no house to give down,' Miller said.
>'I’m trying to get to the level where I’m passing something down that really matters, so I can be set and my kids can be set, and they don’t need to push so hard like I’m doing now.'
>She is now set for a new remote job that could pay up to $30 an hour, a new opportunity she credits with the confidence she gained in the program."

and on top of that she's being given some affirmative action DEI job for 30$/hour which should have come to a way more competent person

dailymail.co.uk/news/article-13116565/DC-mom-miami-vacation-taxpayer-benefits.html

When you grow up poor, you've got a list of like 500 things you've always wanted or always wanted to do, so the moment you get moment money you waste it immediately. The fact that you feel like you'll never be able to escape your dire financial situation even if you manage to save a couple of hundred dollars a month only amplifies the bad decision making. You waste money on the things you've always wanted just to feel a bit of happiness and keep the thoughts of swallowing a shotgun away for at least a few days.

IQ and impulse control also plays a big part, yes

>>57699158
Ok Jamal

>>57699501
My life is like a strategy game against my wife. I try to save money and she tries to spend every single cent.

>>57699845
She was given the money, she did not work for it. There’s a saying about that, easy come, easy go.

>>57698668
BUT GIRL JUST WANT TO HAVE FUN

OH GIRL

JUST WANT TO HAVE FUN

Tbf you can't do a with $10K

>>57699979
*a lot with

Race-baiting aside, the same thing happens with a lot of people who go from having no money to having lots of money all at once. It happened to a friend of mine:

>19 years old, maybe $200 to his name at any given time
>his distant grandfather dies and leaves behind oil land in TX
>family sells it off and doles out inheritance according to the trust documents
>suddenly my friend has $50k and no idea what to do with it
>despite all the advice from people who have handled money a long time, he spends it on a variety of stupid shit
>a new car ($25k in 2007 dollars)
>a three bedroom apartment even though he's single and expressed no desire for a roommate
>weed. lots and lots of weed.
>eventually gets caught up in a MLM and alienates all of his old friend group in favor of the "new" friends
>gets a DUI while hanging out with these new "friends"
>has to pay huge fines
>MLM flatout abandons him when he reveals he's broke
>now he's living in the attic of a little old lady out on a farm, still talking about how he's going to make it big with no capital, inventory, or business plan

Many such cases, very sad

Genuinely curious how an article can be written like this and doesn't end with
>and her welfare benefits were cut off after reports of this

>>57698710
>But majority of rich are ALSO retarded.
Yes:
>The Williams Group conducted a 20-year study of over 3,200 families and found that 70% of wealthy families lose their wealth by the second generation, and 90% lose it by the third generation. This finding is often referred to as the "three-generation curse."

>>57700112

She'll get in hot water with the IRS for sure but I doubt it'll effect her ability to collect welfare. Her income did not change nor did her inability to make good decisions

>>57699636
Socio-economic factors made them do this

>>57700073
>Race-baiting aside
midwit

>>57700147
Go back to Plebbit

someones gonna make a study that shows how blowing 10k on a vacation when you have no savings actually promotes mental health and other science buzzwords in low income families. then they can continue this program and similarly idiotic social program ideas

wow you gave 10k to a hoodrat single mother and she wasted it immediately? you dont say

Did those transactions get failed on purpose?

>>57700153
retard

>>57698668
>haircut

>>57700073
>Race-baiting aside
>not a single instance of race was mentioned in OP

as you admit in your post, it is instinctive to know that niggers and minorities in general are bad with money. It's kind of funny/weird to see people try to deny this upfront, without it ever even being mentioned originally, as some sort of defense-mechanism to not be accused of racism (let's face it, most often by other white people)

>why is the nig, niggering?
nigs gonna nig

>>57700267
100%. This is how things work now. In the United States has a new "system" - we have these nebulous "protected classes" of people (most often minorities of race/gender/sexual orientation) and these protected classes shift constantly. A mix of culture, media and legal protections exist for these "protected classes" and their actions, no matter how wrong or nefarious or illegal, are constantly excused by the people who have fully bought-in to this new system.

That fiasco with Harvard's DEI President Gay was a good example of this. It's cliche at this point but obviously a straight white Protestant male President of Harvard (would never happen in the first place in modern day) would be fired on the spot if found out that he had plagiarized his way to the top. Black female who checks all the protected class boxes? Harvard fights tooth and nail to deny all accusations and keep her.

Black poor lady gets government assistance and wastes it all on hedonistic bullshit, at the cost of tax payers? Better believe the NPCs that buy into the new system are going to find ways to defend it, "it's actually good because..." and blame the unprotected classes. That's how it works now

>>57700563
I think the question is now WHY they're bad with money. I submit it has to do with conceptualizing the future.

>>57700655
impulsiveness and myopic decision making is an animalistic trait, you wouldn't trust your dog to do anything other than find clever ways to get food - they are animals

>>57699444
yeah, checked and based.

It's easy to hate the rich. It takes courage to hate the poor.
I'm a NEET but I've finally been able to get 12k a year in bennies which is minimum wage tier but I have no qualifications so it's free money for nothing, I've stopped drinking and doing any useless shit and I'm putting it all into crypto
time to sort my finances out before it's too late

>>57700563

I was referencing the responses in this thread but yeah, it's a given that minorities and women are absolutely shit with money, like white guys buying crypto

>>57700755
Can't I hate both of them? I really only like middle-class people, of which there are hardly any left (maybe a doctor or lawyer is still middle-class?). So I generally just simplify it and hate everyone.

>>57700755
so your financial plan is to commit fraud? any plans to deal with the legal repercussions should you actually make any amount of money?

>>57699050
hey anon, it's God here
i can confirm that i too hate niggers

>>57699636
imagine them terrified faces as the nooses are placed around their necks, terrified out of their wits, as the ropes are thrown over a high branch and the slack is taken up. that's a vid i'd keep

>>57699817
Giving this retarded ape a good job is the icing on the cake. I can’t stand our country

>>57698874
Right about what?

>President of Harvard
Everything is permissible except anti-Zionism
Is that the lesson to be learned?

>>57700755
>>57700982
I hate everyone that isn’t me, the real galaxy brained move here

>>57700632
>>57701097
Oops

>>57700986
not really, all I have to do is cancel the bennies once I reach the cap and there is no problem, I can also withdraw a lot of cash bit by bit and be quiet about it, nobody gets punished for that here unless theyre a moron and talk about it, and bureaucracy is so incompetent that it would take years

>>57698781
>the virgin brainlet seethe

>>57699444
>the chad rational take
rightfully rewarded with trips

>>57698781
Have you met a poor person? They do suck, fuck the poor. Intelligence and wealth go hand in hand

>>57698668
>She splashed out on luxury amenities including steak dinners, new gadgets and toys for her kids, brand new outfits, and a boat tour past Miami's most expensive mansions
>all for just $6000
No fucking way it's that cheap. Either this article is satire or she is a huge liar.

>>57698668

$10,000??, that's enough to buy a 3 bedroom house and a new chevy truck... how can she just go on vacation like that?

>>57701060

imagine being so upset over people knocking over saladim's marked up convenience store products that you want to commit murder.

>>57698668
yeah, It's like that here

>>57701574
This. 10k is fucking nothing. What was she supposed to do with it? Invest it in stocks and get a 10% return after 1 year of being broke?
>you see if you just put your 10k in stocks and wait one year, you could (not guaranteed) have 1k!

She could have spent it on boring shit like rent ofc but when is a dumb negro like her ever going to have 10k again? May as well enjoy it.

>>57698710
This

>>57698668
This is why you only give poorfags enough for the most basic survival and force them to work for 16 hours a day. Their labor is the only thing of value they give.

>>57700073
what would you have done with it anon? Not including buying crypto ofc. Note that the guy is 19 years old and probably wasnt on a good enough income to get a decent mortgage.

>>57701762
10k is life changing money for young people who are smart

>>57698711

>>57701844
Tell me what you would do with 10k to change your life permanently other than invest (gamble) it on crypto.

>>57701860
10k is a huge sum for poor retards. note that if she made the news it's because she was the only one who did that. the other poors paid off their debts. paying off debts can be life changing for a poortard

>>57698736
>>57699501
>this is why niggers, latinx, and women will never make it
ftfy

>>57701919
1. not answering my question.
2. You're presuming she even has debts.

>>57701574
Based anon broadcasting live from 1948.

>>57701956
White women that "make it" don't broadcast it like niggers do with flashy shit.

Outside of exceptional cases, people generally end up where they belong. Poor people are usually awful. It's time to reverse the subversive narrative that hard working middle and upper middle class folk aren't the soul of the country.

>>57699777
trips of truth checked

>>57699158
giving kids a vacation and gadgets is not something the kids will remember. they will take it for granted just like how their mom got $10,000 and took that for granted. the kind of bond you’re talking about takes years to forge, and is a daily effort on the mom’s part to help elevate them and make them feel loved.
it’s more lucky they’ll grow up to be poor, entitled, and retarded

>>57702191
If you are trading you labor to exist you are not "upper" middle class

>>57698781
I only trust MSNBC anon

>>57701043
based deity

>>57702217

Correction, that is what separates the upper middle class from the simple upper class. Upper class live off of wealth. They do not actively work, ever. Upper middle class live in the impression of wealth but are really just wagies in different clothes. Doctors, lawyers, upper management, etc, they haven't made it yet and they are in fact right behind that event horizon where you are suddenly among shitty, lazy people again. The upper and lower class are bedfellows in being detached freeloaders that constantly scheme on how to squeeze the middle and it's ironically the upper middle that gets megafucked by all tax laws and regulations.

>>57702251
>muh wealthier people are actually freeloaders

Rent is due in 6 days.

>>57702191
Eh, there's poor people who do back breaking shit that needs to be done like hauling heavy parts or driving a forklift and upper middle class people who just exist and live off of rental property payments and dividends, who never actually had to work a day in their life because daddy did the investing for them. I only have respect for the working class and stem fields.

>>57702263

I'm still trying to get to that level faggot. In my journey into investing it's become pretty clear what the stark cultural contrast is between the "upper middle class striver" and the "true upper class landed gentry."

>>57702272

Those niggas ain't poor. They work 80 hour weeks at decent trade wages and earn $80k+. In order to actually be poor you have to be making nothing or straight up on welfare. This is where shit gets complicated but again, you generally end up where you deserve to be, especially in a tutorial mode economy like the US.

>>57701860
10k is enough to buy a used car and work delivery jobs. It’s also enough to finish a job certification at a community college. You can probably do a CDL course for less than 10k. It’s easily enough to buy a bunch of tools or equipment and start a business, something simple along the lines of landscaping, painting, or mobile auto work. Or you could just piss it away like an indigent negroid. Choose your own adventure.

>>57702366

For me it was a down payment on my first duplex rental property that I ended up making $100k profit on 3 years later.

>>57702376
Based. How do you like the real estate game? I’m looking at buying a duplex myself and trying to start as an owner-operator. I live near a university and so there is a perpetual stream of graduate students looking for housing.

>>57701552
A steak dinner is only 300 bucks since they don't tip and getting a Cuban guy to give you a boat tour is only like 200.

>>57701860
You literally just have to put it in the stock market and reinvest the dividends it's that easy.

>>57701860
purchase a $10k shotgun and paint the wall with my own brains.

>>57700116
that has been addressed here numerous times
the only people they review are the new rich, the old rich have been in wealth for generations or simply dont show up like the redacteds
in the case of the new rich the story is usually one guy who works himself to the bone in his owned business and as such neglects his children completely, neither he nor his wifes actually know how to handle money just how to generate income through smart work
compensate absence in child rearing through material gifts thus invoking a very wrong connection in the kids minds
these kids grow up rich, emotionally stunted and without knowledge of either handling money nor how to even do dads business and absolutely no idea on how to be good parents
but they still grew up in the making it times so they have some sense of restraint, however when they get kids is when the stupid goes to vertical due to obvious issues

/biz/ is ahead of this whole curve in both learning money as the starting conditions and making it before starting a family
so tl;dr raise your kids properly and this doesnt happen
nobel families in europe have been in wealth for over a millennium for reference

>>57699897
Lmao this cuck, why don't you be a man and make your expectations clear? Though at this point I'm wondering if it's already too late.

>>57701821

idk I mean I had my dad to help me navigate unfamiliar territory but my homie only had his mom who had, at that point, declared bankruptcy twice in her life

>>57701606
People used to be hung for less.

>>57701860

10k worth of $1 scratch-offs

>>57702719

>10% daily returns

the math isn't wrong but whoever posted that is fucking stupid as hell

>>57699158
Or, she could've used that money on making their immediate lives better instead of blowing the majority of it on a fleeting vacation that lasted 2 weeks, only to continue living the rest of their lives in squalor.

Exhibit A why poor people remain poor.

>>57703340
You don't get it bro, if she can't become an instant millionaire with 10k she should totally squander it. That's just good financial sense.

>>57702213
>and is a daily effort on the mom’s part to help elevate them and make them feel loved.
Precisely.

>>57700510
> a bald negress spending $180 on haircut

>>57703401
>>57703340
Wealth is genetic retards

>>57703446
Winning the lottery is genetic?

>>57703454
Keeping it is Reddit tard

>>57699817
"Lack of "financial education" (?) is why I blew 10 grand on indulgences" The excuses never stop rolling.
And the job, funny. How much longer until this shithole descends into Brazil status?

>>57700153
"Purely socioeconomic factors"

>>57703486
lmao he blows 10 grand on bullshit and can't accept the fact that he has no financial sense he should be making excuses and you are stupid if you say
>lack of financial education
and blow ten grand on indulgences how much more education are you going to need what about all the people in the third world who have no education and are way better off than you i have a huge cock and am smarter than you

>>57701606
>over saladim's marked up convenience store
THE BROWN MINORITY IS A SMALL BUSINESS OWNER HOW HECKIN PROBLEMATIC AND REACTIONARY WHO CARES ABOUT HIM STOP BEING RACIST TO BLACKS RACISM IS BAD UNLESS THEY'RE BROWN

>>57703486
She has no need to save money for anything, all costs are taken care of already
Doesn't need to pay for college
Doesn't need to pay for rent
Doesn't need to save for retirement
Black people live on easy mode
She makes like 80k from the government being a single mother

>>57703310
>the math isn't wrong
math is wrong as well

>>57701762
Are you quite literally retarded? 10 thousand dollars is not "fucking nothing" when you're living in squalor. It could've bought her family better clothing, food, any repairs she needed, and it would've lasted a fuckin while too. That's a significant safety net for someone whose income is likely USD ~40k>.

>might as well enjoy it!
...for a couple weeks, then return into the exact same position, knowing that it could've been put towards increasing the QoL for her children over a far longer time-span.
The article mentions she got a remote-job handout, I'm presuming it's IT related or adjacent. Most IT certificates are not inordinately expensive, this money could have been used to broaden her skill set. Other examples are construction safety tickets. And by virtue of being African American, and a woman, I don't doubt there exist discounts/incentives that would alleviate the up-front cost.
As far as I am concerned, this is not a question of "financial education", but plain and simply, shame. Average people should feel shame getting into credit card debt over frivolities, because fundamentally, you're spending someone else's money. They don't, hence the runaway spending, hence the interest rates, hence the debt.
She should feel ashamed for blowing 6 grand on a fleeting vacation when just 6,000 by itself could've given her family peace of mind, at least knowing that in the event of, say, a lay-off, there's something to keep them going.

People need to stop making excuses for them. 10,000 is a significant lump sum of cash, especially if you're lower class.

>>57702366
Legitimate answer.

>>57702398
>near a university.
Money printer.

>>57702263
I have no horse in this race, but does this not just prove his point lol

>>57703509
I hope the 'jeet who runs this bot gets blown up by a Pakistani extremist.

>>57703632
I apologise for calling you retarded, it was uncalled for.

>>57703632
>she could have BOUGHT THINGS

but she already gets those things for fucking free you idiot
You live in squalor and the government provides
If you buy it for yourself then you've lost money

>>57703523
Literal tutorial mode country. I wonder how much longer this could possibly last.
>80k
What a joke.

>>57703658
Alhamdulillah

We got a lifetime democrat voter right here, remember, these people vote

>>57699158
I can take your anal virginity with me