/biz/ - Business & Finance

[Anonymous No.22158587]

>student debt payed after 10 years with all the profits i ever made
>im back where i started

[Anonymous No.22159498]

>>22158587
>paying off student loans early
ngmi

[Anonymous No.22159571]

>>22158587
you have to take profit when you can

[Anonymous No.22159615]

>>22158587
By paying them off you're basically gambling that LINK gains will not outperform punitive interest.

[Anonymous No.22159652]

you did good anon you now have complete control over your financial success

[Anonymous No.22159777]

>>22159652
this
you are a debt slave to no one... the REAL gainz start TODAY

[Anonymous No.22159794]

>>22158587
Are you retarded all student loans have been paused until 2021

[Anonymous No.22159795]

>>22159777
checked

[Anonymous No.22160454]

>>22158587
>tfw didn't go to university so all my gains are my own from day one

[Anonymous No.22160520]

>>22158587
we are so close to forgiveness why pay them off now? Also if they're federal loans then the interest is low and making minimum payments on a 10 year plan is next to nothing with interest not even being that much. I get that college is a scam, but federal loans are the easiest to manage. I have no idea how people are setback from them. Fuck you could even do IBR and basically never pay them back until you make it.

[Anonymous No.22160538]

>student debt
???
College is almost free anon.

[Anonymous No.22160646]

>>22158587
>>22160538
>>student debt
I was thinking the same, I made almost ten grand with all the scholarships I got just by going to college.

[Anonymous No.22160673]

dutchbro here, should i even bother paying off my student loan?

[Anonymous No.22160708]

I have 45k of private loans and 30 of federal :(

[Anonymous No.22160726]

>>22158587
>paying off student loans
i owe $152k. they're all federal loans. i'm paying the absolute minimum and then taking the tax bomb. i have 18 years of payments left. fuck the government.

[Anonymous No.22160800]

>>22158587
Why the fuck would you pay your student loans? Lmao. It's one of the biggest bubbles to exist.

[Anonymous No.22160831]

>>22160800
A man should always pay back what he owes.

[Anonymous No.22160890]

>>22158587
you will rope eoy when trump abolishes all debt

[Anonymous No.22160950]

>>22158587
Mfw Scottish University is free and I technically shouldn't of got it but due to an error processing on their part 2 years into my course they decided it'd be unfair to change and paid for the whole 4 year degree

[Anonymous No.22161034]

>>22160726
>>paying off student loans
>i owe $152k. they're all federal loans. i'm paying the absolute minimum and then taking the tax bomb. i have 18 years of payments left. fuck the government.

$152k for educating yourself? Why haven't you burned all government buildings to the ground yet, that's literally theft. People should be rioting like never before about this. There are countries who offer college for free, some even pay you to go there, because having qualified workers is in their best interest. I guess your country wants to keep you dumb and useless, and if you want to be useful they chain you onto them with debt. $150k man, unbelievable, where do you live?

[Anonymous No.22161071]

>>22160454
>tfw went to university in a country which pays my tuition for me so all my gains are my own from day one *AND* I get to live the uni (NEET) lifestyle

[Anonymous No.22161091]

>>22161071
being Scottish is pretty cool ye

[Anonymous No.22161096]

>>22160831
*siip* ain't that the truth I tell ya hwat

[Anonymous No.22161243]

>>22161034
bachelors (state school): $32k
med school (private school, quit after 1 semester): $45k
2 year masters (private school): $70k
total: $147k + $5k accrued interest = $152k

i live in PA/NJ. i make $70k/yr, realistically will make $85k within the next few years. like i said, i'm never paying it back because the bulk of it will be forgiven. total payments with projected salary on the minimum repayment plan is ~$185k + ~$40k tax bill = $228k total payments. yes this exceeds the loan balance of $152k but payments under a traditional 10 year plan would be $1700/mo, i can't afford that. paying the absolute minimum under forgiveness lets me save for 401k, for a house, for personal savings, for recreation, etc.

[Anonymous No.22161248]

>>22158587
Hey OP, I got student loans 13 years ago and never paid a DIME, and then about 3 years ago they disappeared off my record forever. And my credit score is 757.

[Anonymous No.22161311]

>>22160673
Haha, no. 0% APR. Just let inflation eat up the student loan. Pay back the absolute minimum and invest

[Anonymous No.22161433]

>>22158587
Except you have a good STEM degree and now make 80k a year.
..right?

[Anonymous No.22161436]

>>22158587
>payed
Should have stayed in school.

[Anonymous No.22161512]

>>22158587
I paid off $180k in student within 2 years with the help of my 2017 crypto gains. It feels good to not have that looming over my head.

[Anonymous No.22161538]

>>22158587
Dumbass debt is a man made concept that is just as real as the tooth fairy.. It's not legally enforceable you actual fucking cuck. ngmi

[Anonymous No.22161576]

>>22160673
No, use the JOKERJAREN and when those rune out pay back as little as you can.

[Anonymous No.22161599]

>>22161538
....

[Anonymous No.22161610]

Now time to use your debt gained skills to wage slave for 50 years bro.

Go on, GET MORE DEBT ITS EASY!

[Anonymous No.22161622]

>>22161433
>STEM degree and now make 80k a year.
doesn't happen to most stem majors.

[Anonymous No.22161705]

>>22159498
This. I bet your credit score got raped too. Anyone paying students loans off too early gets hit.

[Anonymous No.22161776]

>>22161705
>I bet your credit score got raped too. Anyone paying students loans off too early gets hit.
What the hell. So being responsible and industrious hurts your credit score? Why?
What the fuck is wrong with America.

[Anonymous No.22161859]

>>22161705
Yep.
I went from 800+ to about 745 for paying mine off.

I was kind of pissed, but then stopped caring because I don't want to get into debt again anyway so what the hell do I care. Still a good score anyway.

>Bawww student debt
People are so fucking dumb. Don't pay for a bunch of overpriced shit you don't need with money you're borrowing then retards. Bogles my mind it could actually be forgiven after I sacrificed to keep spending down and get my associates with a healthy profit and no debt then my bachelor's with a little debt but was also traveling during the summer.
Fuck you poor pieces of shit. I'll never tip you.

[Anonymous No.22161860]

>>22161776
credit score factors in number of credit lines (credit card, mortgage, car loan, student loans, etc.) when you pay off student loans the balance is extinguished and the credit line disappears from your credit report. less credit lines = score dips. it ain't called the goyscore for nothing.

[Anonymous No.22161876]

>>22161776
He doesn't understand what a credit score is and its purpose.

[Anonymous No.22161929]

>>22158587
I'm proud of you anon. Now you're debt free and if you were smart you have a super profitable degree and skillset, and loads of contacts from networking while in college and internships.

[Anonymous No.22161938]

>>22161876
Neither do I, it looks like advanced usury chinese social score kind of deal. Enlighten me.

[Anonymous No.22161989]

>>22161859
>after I sacrificed to keep spending down and get my associates with a healthy profit and no debt then my bachelor's with a little debt but was also traveling during the summer.

you make it sound simple. i graduated from college almost a decade ago. i lived at home and commuted almost 1 hour each way to class. tuition was $10k/yr plus another $1k/yr in fees. i worked about 20 hours a week during the school year, and full time in the summers. i barely spent a dime on myself in 4 years. my money went toward books, transportation cost, and some savings. i never got a scholarship despite maintaining a 3.8 GPA. i still graduated with $30k in student loans at a state school. it's a jewish scam designed to bleed you dry.

[Anonymous No.22161994]

>>22161938
That is what it is, bootlickers on here will tell you otherwise.

[Anonymous No.22162034]

>>22161776
Credit score is not your ability to pay off debt, although that is a component. It represents the lenders ability to make a profit off of you. Someone who never carries a balance and pays off early is not profitable.

[Anonymous No.22162047]

>>22161989
oh and my alma shitter now costs $15k/yr tuition plus $3k/yr in mandatory ((((fees)))). this is in-state tuition at a public school in pennsylvania. if you live on campus add another $7k/yr for dorms and $4k/yr for meal plan.

[Anonymous No.22162094]

>>22161243
After that much debt, you should easily be making 150k especially in pa/nj. You are getting taken advantage of by your employer. Seriously step your game up.

[Anonymous No.22162122]

>>22161091
Lol, based.

[Anonymous No.22162152]

>tfw owe $47k that is sadly all private loans
>already payed back $45k in 2 years
Why didn't I go Federal bros. I'm so fucking dumb

[Anonymous No.22162183]

>>22161989
>i worked
There's part of the problem. I quit my job early so I wouldn't make too much for the tax year so I'd get the full financial aid amounts I could get. I'm not brown nor a woman so I didn't get much but it was still enough to cover all my school costs plus extra with a community college at about 3k for the year.
Then university was about 5.5k per year.
Financial aid grants still kept coming but traveling rather than working those summers really fucked my finances. I surely could have had no debt if I worked in the summers instead.

[Anonymous No.22162248]

>>22161776
Yup, after 10 years I finally paid off my student loans and my credit score dropped from around 725 down to around 660 instantly

Feels bad man.

[Anonymous No.22162333]

>>22160520
You realized you get taxed on forgiven loans, right?
>>22161243
Wow, way to do life wrong.
What age will you be when you can actually live your life and start saving?
>>22161989
You should have pre-saved for college, got all general credits at a community college and moved. It is simple, you were presented with a plethora of choices and you chose the beaten path because of least resistance and now you have what you earned.
>>22161938
It's a measure of how profitable it will be to lend to you. The how your score it mesns they can milk more from you. Just throw a few subscriptions to your credit card and autopay the whole balance each month. That should keep it from tanking without them making a load of money off you.
>>22162152
What was the interest rate on those?

[Anonymous No.22162354]

>>22162094
what makes you say that? i'm an accountant. i make $70k 2 years into my career, that's above average. i expect a promotion in title and a raise to $85k within 1-1.5 years, that's also above average. $150k would be ~7 years experience in my career.

[Anonymous No.22162437]

>>22162333
>What age will you be when you can actually live your life and start saving?
i put $1100/mo into cash savings + 10% of my salary into 401k. my student loan payment is only about $400/mo.
>got all general credits at a community college and moved.
i lived in a very rural area. there were no community colleges within a 1.5 hour radius. moving out of my parents house and renting my own apartment to attend a community college in a nearby city would have cost just as much. online classes weren't as prevalent 10 years ago as they were today.

[Anonymous No.22162514]

>>22162437
>student loan payment is only about $400/mo.
>only $400/mo
i would neck, unironically

[Anonymous No.22162574]

>>22162354
You sound like such a cuck dude. I see salaries in account at 138k-185k but you have to specialize in something other than accounts payable. Do accounting policy for a regional bank, or corporate strategy for a company that needs acquisition analysis. You can make a lot more especially with the weight of the masters. But you have to stop coming off as some know it all reddit cuck and be a fucking man.

[Anonymous No.22162690]

>>22162574
i really appreciate the uninformed and inaccurate career advice, will take it into consideration.

[Anonymous No.22162747]

>>22160831

I agree with that sentiment when it comes to small banks and people. But big banks can eat me.

[Anonymous No.22162815]

>>22161622
Basically only happens to the E majors in STEM.

[Anonymous No.22162994]

>>22162815
Didnt happen to me

[Anonymous No.22163296]

>>22162437
Only prioritize the 401k up to the match, then max out your roth ira, and then put the rest into 401k or general investments.
You could have been renting a room for a few hundred a month and tuition would have been 2-3k per year.

[Anonymous No.22163515]

>>22162333
>You should have pre-saved for college
You're a dumb nigger if you actually think everyone can afford to do this on top of saving for a home and reliable transportation.

[Anonymous No.22163616]

>>22161248
????? What the hell

[Anonymous No.22163789]

>>22163515
Working at a shit office admin job at a warehouse earned me about 20k a year while I was in highschool (~15k after tax) . Tuition at a community college was like a little over 1k per semester. $300/month room (once I moved out. I was saving while living at home). Bought a beater car when I was 17 going on 18. I'm not saying it was easy but I got my education on the cheap because I wasn't a little bitch who just cries about how the world is mean to me.

[Anonymous No.22163798]

>>22161622
This here.
S and M have no value in a world where the President is suggesting people try and bleach covid19 out of their system.

[Anonymous No.22163851]

>>22158587
>im back where i started
not true. you managed to get a piece of paper that says: "BA in Gender Studies".
was it worth it?

[Anonymous No.22163906]

sss

[Anonymous No.22164295]

>tfw parents/grandparents paid for my college
I'll be paying for grad school though. What kind of boomer parents would actually let you take out a 40k loan at 18?

[Anonymous No.22164700]

>>22162333
>You realized you get taxed on forgiven loans, right?
You realize you are guaranteed to pay them off on 10 year plans? And I'm talking big forgiveness if Biden wins or Trump goes ball to the wall. They won't be taxing shit. Even if they do who cares, my income is in a nice fucking bracket right now.

[Anonymous No.22164758]

>>22161776
Dutchfag here. If I were to pay off my house I'd have to pay more taxes than I have to pay mortage right now.

[Anonymous No.22164801]

>>22158587
But at least you got to have all that furious drunken sex with hot college girls and that's something you'll literally never forget.

[Anonymous No.22165035]

>>22159498
Paid mine off in a year. My credit score is still above 750. Even if it went down 200 points, I still would have done it. It’s worth every penny to not be usurped by the Jews

[Anonymous No.22165127]

>>22165035
paying your debt back early. stupid goy, good goy

[Anonymous No.22165173]

>>22162333
>You should have pre-saved for college
Found the boomer. Do you even realize how astronimical tuition prices are? And that's not even including books and other expenses. The days of working part time jobs and saving to pay off college debt are long gone. Even if you started saving from birth that would barely make a modest dent

[Anonymous No.22165201]

>>22163798
the levels of cope

[Anonymous No.22165329]

>>22162047
what did you go to penn state, temple, or pitt?
Those aren't state schools they are state affiliated

[Anonymous No.22165450]

>>22165035
This. Paid mine off in two years. My jew score is also over 750, not that I give a shit about that.

You also don't get penalized for paying off student loans early.

[Anonymous No.22165696]

>>22164700
>You realize you are guaranteed to pay them off on 10 year plans?
Wow
JUST
TEN YEARS?
that's basically another loan.

[Anonymous No.22165730]

>>22165173
I graduated in 2010 numbnuts. You just suck at life.

[Anonymous No.22165857]

>>22165173
>According to the American Association of Community Colleges, the average yearly cost of tuition and fees for community college students in the U.S. is $3,347, compared to an average cost of $9,139 at four-year institutions. Tuition aside, community colleges offer several benefits
You fucked your life up. Admit it and stop crying like a salty bitch.

[Anonymous No.22166021]

Serious question from a Yuro: what is this student debt meme? US guys earn good money (50k$/year on average). Top tier college like Stanford costs 36k$/year. Why do you take loans? Can't 2 working parents pay for their son's college?

[Anonymous No.22166178]

>>22166021
Boomer parents buy boats and fancy vacations instead because they are brainwashed to consume by tv and their peers. Most boomers have terrible spending habits and are a large part of the 80% of idiot Americans who live paycheck to paycheck.

[Anonymous No.22166185]

>>22166021
>people can spend 36% of their pre-tax income on someone else's piece of paper
Fuck no they can't, nor should they. The (((powers that be))) have convinced goyim that they'll only have a future if they go to (((college))) and get a (((degree))).

>>22158587
I hope you're larping. With interest rates as low as they are, you'd be an idiot not to stretch that shit out in favor of investments that will net you more than like 5%/year. Like I can respect the idea >>22165035 has about not wanting to give money to kikes either way, but in this case, it makes sense to let them keep the interest while you get the real gainz.

[Anonymous No.22166189]

>>22160673
No lmao. Maximum lenen and put it all into shitcoins and northern trust fund at ing/rabo/abn or some shit.

Inflation is a given and your debt will be fuck all in a couple of years, but your investment gains will be a ton more.

Im borrowing max. With rent and food i got around 400 bucks a month to throw at shitcoins i believe in. At this pace i will have 0 debt and can live off my investment before i even finish my masters.

[Anonymous No.22166226]

>>22160673
Also i have 80k debt if you count the old stufi laws. If i get a degree ~30k will be excused.

[Anonymous No.22166236]

>>22166185
>someone else's
Their kid, not "someone else"

[Anonymous No.22166299]

>>22166021
A depressing number of superficially "middle class" families have less than 2% of their annual income in savings. It's very common for parents from a middle class family to encourage their kids to take on massive debt to pay for school instead of helping out, even as they take on debt to pay for a bigger house, newer car, vacations, etc. The idea is the kid will do the same and repeat the cycle
Based rural families like mine aren't this retarded and live frugally, amassing wealth and going from poverty (grandparents) to multimillion dollar land holdings in just two generations. Same goes for my friends from based immigrant families
I always admire mindsets like yours anon--it's the way my European great-grandparents thought. You would do very well over here if you ever decided to come

[Anonymous No.22166444]

>>22161929
yep but it bums me i pulled everything out to pay for it
so il have to re input my funds fuckkkkkkkkkkkkk

[Anonymous No.22166493]

>>22166021
Euro here
>>22166178
This is also true for euro boomers
Im one of the only ones in their 20s with parents from the 1940s/50s.

Parents buy retardedly expensive cars/tvs/computers all shit they barely use. Left me with almost no savings got 80k student debt.

This is becoming a European thing too if youre a dutchy you kbow that europe is fucking us up hard with money.

[Anonymous No.22166620]

>>22166299
I want to move to rural am so baddd

[Anonymous No.22166830]

>>22166444
No more payments though. Now all future money can be saved. And if you hit hard times, it's easy to live without going broke.

[Anonymous No.22166883]

>>22165173
>Posted from my iPhone

[Anonymous No.22166899]

>>22161091
How many fellow porridge wogs are on /biz/??

[Anonymous No.22167018]

>>22165730
Tuition has more than doubled in that 10 years. If education is as good as you say then I must be twice as smart since I paid double.

[Anonymous No.22167056]

>>22165730
i graduated in 2012 retard.>>22162047

[Anonymous No.22167189]

>>22167018
>oh noez inflation
If you would have saved your pennies in a 529 plan you would have seen tax free growth and jjst used that for college. EZPZ.
>>22167056
And yet you couldn't google "how not to be a broke bitch"? I guess now you're gonna have to order some knee-pads.

[Anonymous No.22167235]

>>22167189
i make $70k a year and between 401k, savings, and investments, im putting away about $24k a year. i'll be fine.

[Anonymous No.22167262]

>>22167018
Should have been an early adoptor. S2BU

[Anonymous No.22167272]

>>22166620
I hate our retarded immigration system that lets entire families chain-migrate regardless of the value they bring while we keep out young ambitious anons like you unless you have a meme degree or $1,000,000 to buy your way to the front

[Anonymous No.22167328]

Dawg just trade and don't cash out much. Survive on what you can while you accumulate. Tell them you can't get work and just delay delay delay. 2 trillion dollars is THEIR problem, not yours.

Make money in a way there's no job paper trail and just coast. Lmfao imagine watching the US burn down then think "haha gonna pay off my student loans"

[Anonymous No.22167388]

>>22167235
>paid shit loads in tuition and has been in the workforce for decades
>now has a job that pays >30% more than the average American slob
>i b fine

[Anonymous No.22167475]

>>22167388
Whoops I meant <. Less than. As in all your hard work didn't amount to much.

[Anonymous No.22167915]

>>22161776
>1776
Yeah welcome to Jewmerica, where being responsible and paying off liabilities is considered bad. This is exactly what the Founding Fathers envisioned, ESPECIALLY Jefferson.

[Anonymous No.22168735]

>>22167388
i'm 2 years into my career, niggerbrain. in another 1-2 years i'll be promoted to senior and make $85k. another 2-4 years after that i'll have enough experience to apply for manager positions which pay $100-120k. when i finish the CPA i'll make even more.

[Anonymous No.22168771]

>>22158587

OK but since you went to college you have a super duper salary right

[Anonymous No.22169268]

>>22158587
you got a good degree right? You have a job right?

[Anonymous No.22169418]

>>22168735
>i'm 2 years into my career, niggerbrain.
You graduated 8 years ago. Were you just sitting around collecting food stamps?
>in another 1-2 years i'll be promoted to senior and make $85k.
That's great but that's what someone who graduated a state school should have been pulling a few years after graduating.
>another 2-4 years after that i'll have enough experience to apply for manager positions which pay $100-120k.
when i finish the CPA i'll make even more.
>it takes 10+ years to start making decent money
>still has well over 100k in debt
>flunked out of med school because it was "2hard"
>sat around doing fuck-all for 6 years despite accounting jobs literally fucking everywhere
>thinks he's gonna get his CPA
Do you lie awake at night, ruminating over your mistakes?

[Anonymous No.22169686]

>>22158587
https://www.orbital.community/

just listed

liquidity locked
https://www.unicrypt.network/uniswap-browser/pair/0x5fe4CbB693585fF074e40A57b8e3c29050987759

quick pump and dump, ez 10x

[Anonymous No.22169742]

>>22158587
nigga just wait for hyperinflation when your loan is worthless

[Anonymous No.22170015]

>>22160831
Tell Jabba that I've got his money.