/biz/ - Business & Finance

>>57925734
I was once in debt $2800 to be exact and it kept me up at night sometimes. I don’t understand normies

>>57925734
>woman
There you go

BTW. My mom doesn't care. My dad won't address the problem. I have told them multiple times now that this stuff scares the absolute fuck out of me and they just don't even react. I'll literally say to their faces that I don't want to be in debt for the rest of my life and they change the subject.

how old are you anon if we may ask?

>>57925734
>I now have to incur their losses
How do you figure? You don't inherit debt. Your entire inheritance might be eaten up by partially paying it off but that's it. You won't actually inherit debt yourself.

>>57925734
greetings fellow american

>>57925783
I'm in my late 20s. I wanted to move out many years ago but like a lot of guys my age I foolishly thought I could build up savings while staying at home. Instead it looks like I'll be going bald early.

>>57925734
clean your room

>>57925734
>be me
>48k in credit debt
>about 800 is wasted on interest payments
>doesn't feel a thing

It's probably fine anon

>>57925775
Kek. They are hoping it just goes away. That they can just ride the debt train til the very end and theres nothing left, and they lose everything because fuck it, they aint got much time left anyways. These are the people that get sent to state run nursing homes where niggers forget to feed them or leave them festering in their own piss and shit all day while they beg for death to take them.

Fuck em. They are a sinking ship. Youre going to have to swim for your life, its gonna be hard without support or even land in sight to swim towards, but its your only choice. Keep on swimming dude. Wish i had actual useful advice and not just words of encouragement but sadly i dont. Best of luck all the same.

>>57925793
Pain

>>57925819
But why are they doing this to me? Do they not realize it doesn't end with them? My grandparents said I'd have inheritance but all their money is now being wasted on healthcare, so there's nothing left for me at all from anyone.

>>57925793
just keep your own profits, find a small place somewhere, build a second shack on your property and have your parents life there rent-free. then get a girlfriend. or a ukrainian mail order war bride. or an ai girlfriend it doesnt matter. actually no probably the ukrainian war bride might be a bad idea.

they played the game and lost. everyone loses, the game is a scam. there is an 85% turnover rate for the elite yet we all know the local and wider names of hereditary elite. do you think they "won the game"? yeah by scamming people like your folks. either go find rich scumbag friends with the iq of an icecube or find gentle and honest but gullible people. it is literally genetic, the OXTR gene extremely disproportionately controls what we mistakenly call gullibility but which is actualy precisely what you want for a stable society with self-maintaining traditions.

op be honest, are you a bad person? i somehow doubt so. just go find cheap land and live on it, of course your parents will whine, just ignore their whining like i do and then everyone eventually settles and thrives.

um, check the weather and ticks and the like before moving anywhere though, sometimes cheap land is cheap for good reason.

if you have friends then collectively save, seriously it is only like $20k per family that you really need, you'll be poor but you'll be happy. plus if you dont have a gf then instead focus on getting your friends some gfs, you probably don't really care that much remaining celibate for life, perhaps it is your vocation.

yes this is depressing but think of it like this. you have a sedan from the 1990s lets say. want a ferrarri? hah. your parents probably did. no. what didn't they leave you? a back-hoe. what can your children inherit? a back-hoe. what will never let you down, hurt you or desert u? derrarri gonna be repossessed. back-hoe with u 4 life! ferrari got sleek curves. back-hoe can did, can lift. can ferrari dig? no. ferrari cannot dig.

>>57925917
also think of it this way, if they farm they get fit, if they get fit det be healthy, with health comes preventative medicine, means you don't have to nurse them in old age (as much)! or find an orphan girl to be your war bride, she won't have parents so she can take care of yours PLUS your doing a good deed! you have to agree this is 110% rational

I'm aleays seeing threads like this with ridiculous boomer parents. Why are boomers consistently less intelligent than their anon kids? Is it a result of not having grown up having their ideas challenged by exposure to the internet?

>>57925816
If you have more than 48k in crypto and you aren't selling it all to pay off your cc debt you are an actual retard btw

>>57926323
nah it forces me to become a wagie and not develop a lazy habit. not gonna sell before halving goes to full swing, so im not THAT retarded i dont think

>>57926323
if btc goes to 120k I am completely debt free man with spare change

>>57925734
>How does this happen?
Use credit card, and don't pay off the balance.

>>57926562
120k monday morning sirs, full send debt free villaze

>>57925761
>in debt $2800
>it kept me up at night
Anon that's like one pay check for a white collar office job.

>>57925816
Same here anon. Down from 44k to 20k now by blood sweat and tears. Worst part is I married into it and my wife (obviously) couldn’t care less and says “it’s just money” as if money isn’t what allows us to feed our kid. Frustrating. Getting there

>>57926323
>sell 48k in crypto that has the potential for a 2x to pay off a debt with 27% interest
Anon, you flunked math didn't you?

>>57925775
How old are they?

>>57926633
Oh fuck debt bro. Hope you comfortably make enough for the family, especially the youngin. idk bout your wife tho just cause of the "it's just money" type bullshit, but it does sound like she cares more bout you and the kid than the money so thats good

>>57926870
Pushing 60 each.

>>57925734
What are you, 12? Why tf you worried about your parents money anon? Make your own.

>>57925734
sorry goy, this is practically a zero sum game, some suckers must lose for others to win

>>57925793
nigger late 20s and still living at home? i moved out when i was 17 and never looked back. youre a cuck just like your pops

>>57927310
I did everything told of me, just like my father, just like my father's father.

>>57925819
THIS
Boomer parents don't give a shit. In fact, they will one day ambush you with the whole "we raised you so now you owe us money" bullshit, my parents pulled this shit so I moved away.

>>57927319
yeah generations of cucks breed cucks

>>57925734
honestly if I was 20k in debt I would just pay the minimum $10 a month, just completely give up on paying it. you'd have to be an actual fucking slave to bow down and "go r-right away sir!~ i'll set up a payment plan for you". your parents are based. no one's going to do anything about the debt, and they'll eventually have their debts freed up through happenstance

>>57926633
bro she can not be allowed to have a credit card and youve gotta monitor her location on an app like life360 or something because thats a destructive mindset. who knows if shes using that mindset to buy $120 shoes and $200 coats.
i genuinely dont understand how women cannot grasp the idea of money and savings. they unironically see that something is on sale (not even clearance) and swoop it up as if it were free. the compounded cost of all these on sale items bears no weight on them

>>57925734
my dad barely knows anything about finances. my mom told me once that she tried to get him to invest in stocks or even just etfs so they could have an investment plan for their retirement but he got very angry about it and yelled at her. now he is approaching retirement age and he barely even has 10k saved up for his retirement. i think he unironically thinks the government is just going to pay him a comfy pension even though he never even had a job for the government.

>>57925734
>I now have to incur their losses.
Assuming you're in the US, you won't inherit your parents' unpaid debts. (If you're a cosigner on a loan, their debt is your debt. But that doesn't seem to be the case.) So don't worry about that. It makes sense to worry that you won't inherit any assets. That's unfortunate, but it was never your money anyway.
>I will never have anything, no wife, no home, no stable job, no nothing.
Why not? This is a weird conclusion. Perhaps you'll feel obligated to financially support your parents in their old age. That may reduce your personal comfort but it doesn't mean you can never have a career or wife.

Since your parents are so irresponsible with money, giving them money is a bad idea. It won't help them. First you'd need to change their financial thinking and behavior, which may be impossible.

>>57926594
>job
where do you think you are

I ran up $40k in debt and declared chapter 7. I’m waiting on my discharge papers to come in the mail.

>>57925734
I had an application from a woman with 172k in credit card debt. At first i thought it was student loan debt but then i saw she had only about 8k of that. The 172k debt was from Citibank. She was about 30 years old.

>>57927772
giga based

>>57927412
This is why governments promote feminism and allow so many women into the workforce. All the women at my office spend ever dime on their paycheck on stupid shit and travel, that have zero savings, investments, or retirement funds.

>>57925734
wtf I $500 dolla credit

>>57927887
Imagine marrying into that accidentally

My parents had credit card debt from their 30s to their 60s and only paid it off because they got an inheritance, they racked up about $150k in CC debt from their 30s to their 60s

>>57926633
should've vetted her better.
>assuming a woman's debt
No wonder they're so carefree. There's always the love and marriage card to save them. Either that or daddy government will come to the rescue

>>57925734
Let me guess, you don't contribute with anything besides your "awesome" financial advice and just leech off your parents.

>>57927887
Won't the bank freeze your credit card at some point? Or am I thinking about something else?

>>57927942
Nice

>>57926562
Like your thinking

>>57925793
HAHAHAHAHAHAHAHAHA like father like son

>>57928128
Yes. Theres no way she would have a 170000 dollar line of unsecured credit that is preposterous.

>>57925734
>How does this happen?
>$100k in unpaid taxes
>My dad doesn't even work anymore, my mom won't stop spending like a retard
There's your answer
Just leave, find a job and let them pay for their own mistakes
invest or whatever if you feel like you need to, play nft games or some shit for your own mental sanity and get some money while you're at it, or don't, last one is my own method of coping, plus it gives me cash, so it's perfect. i'm looking forward to gravity legion among others

>>57925734
>>57925775
>>57925842
You don't inherit their debt you fucking retard.

>>57927310
>>57927340
>giving up thousands of dollars a month in rent for no reason other than being propagandised to do so by real estate agents
>calling others cuckolds
lol

>>57925734
>paying the jews back
Why would you ever do that?

>>57925734
I lent my mum $830 3 weeks ago. My parents make like 175k/yr but are so dumb with money and car loans etc. they're broke lol. Some people are broke no matter how much they make.

>>57925734
>23k
That’s it..? Dude lol
Literally just take out more loans and dump it into crypto i don’t see the issue here

>>57925761
I just paid $3200 on a loan, I hate debt. $450 more and it's paid off.

>>57929200
its called being and adult you zoomer faggot

>>57927772
What happens when you declare bankruptcy?

>>57929282
being an adult is owning your own home and having a family
renting is for infantile cuckolds, when you rent you are paying the landlords home loan off for him so HE gets to own the house YOU pay for. I can't think of something more cucked than this
Only rent if it is absolutely necessary to do so, anything else is cuck mentality

>>57925734
because like all americans affected by bidenomics and kikery there is no spare income to pay off debt. every single penny they earn goes to feeidng your ungrateful faggot transnigger ass fucking chicken tendies

>>57926323
>not debtmaxxing to buy as much crypto as possible

>>57927310
Shoo shoo, boomer landcuck.

>>57926323
>If you have more than 48k in crypto and you aren't selling it all to pay off your cc debt you are an actual retard btw
this is /biz/
go back

>>57927045
lol, you just know they're going to take equity release out and buy a motorhome with a snazzy grill

>>57925734
I'm about uh
10k now in debt?
>How does this happen
I'm a degenerate gambler and I like going out with strippers

What is so bad about Debt Maxxing?
It's free money

>>57929971
desu I basically believe this is true
"neck deep in debt" is The American Dream
Unironically, "debt" is a power-tool, with which you can easily lop off a finger, but with which you can also get a WHOLE LOT done.
I don't think gambling and strippers are sound investments, but, hey. 10k isn't very much at all. Maybe it's worth it.

>>>>57925734
Maybe if your mom swallowed you, then they wouldn’t be in such deep debt. Kids are expensive. Retarded kids are VERY expensive, just ask you mom.