/biz/ - Business & Finance

[Anonymous No.23670981]

why are normies so stupid when it comes to finances?

[Anonymous No.23671000]

new fag here, do you get more bitcoin in your bitcoin wallet when bitcoin stock goes up or does it always hold that value in your wallet at all times?

[Anonymous No.23671015]

>>23671000
wasted trips

[Anonymous No.23671022]

>>23670981
they literally don't care

I met a guy who was ~23, worked his ass off at a Sheetz. worked 50-60 hours, says that he did it because "working a lot is fun." constant injuries & health issues because he works so much, but he works through it.

I told him if he went into a trade or some other business, he could make a lot of money and probably retire within 10 years if he kept it up.

he laughed and said, 'don't think i'm gonna be alive in 10 years. i don't save any money either.'

people are just too normtarded

[Anonymous No.23671021]

I wouldnt say stupid i would say overwhelmed. When you lose 20% of everything you do and need to file 8 regulations to own a goat how the fuck can we operate and possession of a gun or standing ground is illegal

[Anonymous No.23671050]

>>23671000
You have to lock the exchange rate on your wallet. For example I locked my coins right at the top to avoid the downside volatility.

[Anonymous No.23671065]

>>23671000
>bitcoin stock

[Bruce Arena's Soft Fat Tits(...) !!QLiCHblbzqG No.23671073]

>>23671050

This person is memeing

[Anonymous No.23671088]

>>23670981
They don't teach financial education classes in school.

[Anonymous No.23671101]

>>23670981
No fucking clue, but I believe it may be because of oversimplification of stuff during studies and msm consumption. They only understand that big corp guys are bad, never good, selfish, greedy. They are taught that humans are inherently evil, when they have power at least. They are not taught that a person that creates a business has to make it grow constantly so it can keep generating enough revenue for its normie wagiecagies that, ironically, want more money or better conditions each year. If this leader is good, he will actually care about these employees. Even if he doesn't care about them, he is still giving jobs to people, hopefully without being exploitative.

[Anonymous No.23671111]

they want you to buy btc, eth and blue chips stocks in a falling knife market. All you have to do is not follow what they say to make it, its that simple.

[Anonymous No.23671113]

>>23671101
yeah but you gotta keep in mind marxists believe that a business owner does no work and gets to skim profits off of the hard work of employees

[Anonymous No.23671129]

>>23671073
thanks i love memes ill give it a try

[Anonymous No.23671131]

>>23671050

isn't that called staking?

[Anonymous No.23671137]

>>23671113
Yeah, forgot to mention that the image of this business owner is a guy in a skyscrapper's office smoking a fat cigar and doing nothing, with his feet on top of a table. Just there, being evil.

[Anonymous No.23671144]

>>23670981

https://www.reddit.com/r/personalfinance/comments/jhdc8s/currently_owe_8800_on_a_vehicle_that_needs_a_7200/

Why is r/personalfinance like this ?

[Anonymous No.23671152]

>>23671015
Waste of oxygen

[Anonymous No.23671153]

>>23671137
not a CEO, keep in mind, but an actual owner or shareholder. they dont do shit.

[Anonymous No.23671228]

>>23671153
What do you mean? That CEO is good in the eyes of a marxist?

[Anonymous No.23671232]

>>23670981

Instant gratification, living for today.

[Anonymous No.23671240]

>>23671228
yeah. in the eyes of a marxist, the CEO is better than the owners/shareholders. the CEO is at least working

[Anonymous No.23671246]

>>23671022
Ignorance is bliss. These people live happy jolly lives albeit much less happy then they realize they could be if they managed their funds better.

[Anonymous No.23671247]

>>23670981
I'm not a normies and I'm stupid at finances

[Anonymous No.23671309]

finance isn't taught in schools.

[Anonymous No.23671335]

>>23671015
>bitcoin stock

[Anonymous No.23671339]

>>23671309
that would be anti semitic

[Anonymous No.23671410]

They don't value freedom at all.

To avoid thinking for themselves, they outsource the cultivation of their value system to a hivemind of mediocre people.

Then, they chase mindlessly after the things that other people want, never taking a moment to consider what they themselves want.

They get stuck in an endless cycle of debt in order to signal status with trinkets, until eventually dying unfulfilled for having made a mediocre run of a life that was prescribed to them by an unthinking mass.

[Anonymous No.23671466]

they can't think more than a month into the future. perpetual debtslaves.

>i make $2500 a month after taxes
>how big of a house can i afford?

>yeah but what's the monthly payment?

>i pay the minimum on my credit card it's only $30 a month

>that's a nice car but i can only afford $500 a month

>it's a 3 paycheck month!!!!!

>i don't understand why i'm broke!
>i only spend $5 a day on coffee
>and $50 a week on uber eats
>and $60 on restaurants 3-4 times a month
>oh and sometimes $50 at the bar

[Anonymous No.23671494]

>>23670981
because responsibility hard. macbook and starbucks fun.

[Anonymous No.23671509]

>>23670981
Someone has to work for my portfolio

[Anonymous No.23671518]

Don't know. My parents where retarded with money. I don't understand how getting into credit card debt is even something you can do. Most people seem too retarded to just spend less than they make and turn on autopay.

[Anonymous No.23671574]

>>23671021
>finance = guns
70 iq white trash faggot

[Anonymous No.23671639]

>>23671240
Sure, I can see that being the case. What makes a CEO different from just a business owner? The CEO doesn't really own the business, I guess? If that's the case, sounds like being a cuck when you think about it this way.

[Anonymous No.23671641]

i don't know what to do with money and don't trust anyone who tells me what to do with it so i just have 100ks in a savings account

[Anonymous No.23671652]

>>23671000
Stick to the script retard. You’re supposed to fucking lurk, not post on your first day through year.

[Anonymous No.23671656]

>>23671574
>please allow me to rent this land for 70 years
>chinacuck
Hey anons did you know no one owns private residential land in china?

[Anonymous No.23671672]

>>23670981
Stupid people are easier to scam.

[Anonymous No.23671755]

>>23671656
>inbred rednecks are financially retarded because too busy defending muh trailer from gubmint jackboots

[Anonymous No.23671768]

>>23671755
Basic austrian economics tells you possession and private property is the cornerstone of finances. You are going full ad hominem and having what seems to be a sperg attack. Fuck off femoid

[Anonymous No.23671798]

the only trick to personal finance is impulse control.

[Anonymous No.23671812]

>>23670981
Because they are fed endless encouragement to spend money and consume beyond their means and that culture has been normalised in the west.

[Anonymous No.23671821]

>>23671768
You do not honestly believe that the average person has poor financial skills because of insecurity of personal property. You have a political agenda you're desperately trying to push.

[Anonymous No.23671862]

>>23670981
They're sheep. This is why we crypto. This is why we all want to make it. This is why after pic related, I'm out for a year to see how low ETH can go and see if I get my Jibrel Network Token money back. WHERE IS MY FUCKING MONEY TALAL.

[Anonymous No.23671874]

>>23671798
This unironically. That's all it is. Mainstream media and social media are just endless messages and encouragement to CONSOOOOOM. Just don't do that and you're fine.

Don't buy shit on finance. Don't even have a credit card. Normalised debt culture is the downfall of the western individual.

[Anonymous No.23671891]

>>23671821
Yes i sincerely believe each person needs to be assured private property and not everyone is as comfortable as a jew or a woman to trust to government to show up in time. There was a time if you stole a mans only cow and only means to life, theyd shoot you for it if they caught you. Some states still have this important law. No way would i start a business when im not allowed to defend it or even hire private contractors to defend it because >muh communist police force monopoly racquet

[Anonymous No.23671934]

>>23671891
Ignore the fact that California is the world's 5th largest economy. The truth is people suck at having money because they're lazy and make constant excuses, like you're doing right now.

[Anonymous No.23671936]

>>23671798
Impulse control and an understanding of how interest rates work, both on the investing and the debt side. Everything else in personal finance flows from these two pillars.
It also doesn't help that globalhomo wants us endlessly throwing our money into mindless consumption, because it doesn't give a shit whether we go homeless or not. Just that we consoom and don't ask questions.

[Anonymous No.23671943]

>>23671410
This. So much this. And that's why I prefer Chainlink, to escape being a normie LOL

[Anonymous No.23671963]

>>23671934
>thinks california wasnt built on private property cornerstone
It was the wild west for a reason. It didnt turn fascist until you retards unironically elected a nazi as governor
Also i did not mention my finances

[Anonymous No.23671966]

>>23671768
Possession of assets in the cornerstone of morality itself. It is your life, your consent to sex, your child, your home. If anyone takes these things without agreement, then it is immoral. Private property IS morality. To own nothing is to have no morals.

[Anonymous No.23671982]

>>23671966
absolutelt. Here i was just applying it to finances, but couldnt agree more

[Anonymous No.23671995]

>>23671874
>doesn't outjew the jew with bank bonuses and cc bonuses/cash back on your bills
ngmi

[Anonymous No.23672011]

>>23671995
>he thinks he can play their game and win

Ohnononono

[Anonymous No.23672021]

>>23671000
This guy's obviously trolling

[Anonymous No.23672026]

>>23671963
You're making hyperbolic excuses for why poor people don't take responsibility and build something of value. I'm as libertarian as the next faggot here, but government oppression is not the answer to the topic of this thread. People are fucking lazy. So lazy that they won't even spend 30 minutes learning basic financial terms and skills that would enable them to seize upon the bounty of opportunity provided in this great country.

[Anonymous No.23672072]

>>23672026
When your base income is negative $10 and any money you make is reduced to $7 for every $10, not many people have a shot so they dont try. If you own land with no tax on inheritance or property tax then your family doesnt need to constantly buy back that land based on some arbitrary family member death. Then you get 1 goat, again not owing on that possession then you can barter. It feels like hope rather than crushing weight

[Anonymous No.23672086]

>>23670981
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https://sentivate.com/
https://info.uniswap.org/pair/0xab9bef8242c2b97772ae239a5d71c60496a06334

[Anonymous No.23672108]

>>23671936
Cool it with the anti semitism

[Anonymous No.23672136]

>>23672072
Nobody here is going to defend estate tax kikery. But the point is everyone seems to expect to make it waging as a cashier and binging cartoons instead of using their spare time to learn a marketable skill, or basic investment principles.

[Anonymous No.23672227]

>>23672011
Debt is a weapon. You can use it to escape slavery.

[Anonymous No.23672240]

>>23670981
bad education. the rich want to be able to prey on the poor and make sure they never learn how to escape their pits

[Anonymous No.23672280]

>>23670981
I honestly don't know. My mom makes $200k+/ year and could easily be a multi millionaire by now (= hundreds of thousads on passive income).. but she has zero savings outside of a bit of equity in her apartment (maybe $200k) and her pension.
Every time I ask her why she doesn't/ didn't save any money she gets extremely defensive and talks about how ungrateful I am for all the things she bought me, all the trips my family went on etc... And every time I have to apologize and say that I of course am very grateful for everything she has given me (I am)...
I get that not everyone wants to live frugally but even just saving a measly 5-10% of your income can make a HUGE difference over time.

[Anonymous No.23672302]

>>23672227
why is why normoids are targeted by predatory loans and high consoom pressure, to make them fail to realize the power of debt while also trapping them under massive interest. normos don’t understand that debt should never be taken unless you expect a significant financial return from the loan

[Anonymous No.23672361]

>>23672240
It's not just poor and dumb people. I have several people in my family who make $150k+/ year and they all save (virtually) no money outside of their 20+ year mortgage and pension.
It's so easy to get set for life if you make that kind of money but most upper middle class normies don't do it (at least not in my country).

[Anonymous No.23672368]

>>23671874
>Don't even have a credit card.
Credit cards are fine as long as you aren't a total retard with your money. If you buy something on credit just pay it back before the due date and there will be benefits to be made.

[Anonymous No.23672398]

>>23672361
yea i read your other post. your mom sounds like a turbo dumbass dude no offense. she could have and should have easily reached much higher

[Anonymous No.23672449]

>>23672368
This. I'm wealthy but I almost always buy on credit and keep almost zero cash in my bank account. If I didn't use a credit card I would have to keep $3k+ in my bank account and earn zero interest on that money. On top of the free loan/ liquidity I get a 1% cashback (which is the best cashback you can get in my Eurofag country).
Credit cards are literally free money if you use them wisely and can control your consooming.

[Anonymous No.23672535]

They haven't read pic related.

[Anonymous No.23672547]

>>23672398
Don't want to dox myself, but she's one of the highest ranking X in my country. By no means a dumbass.
She lives a happy life, she does not at all dream about retiring early (unlike me), she has a pretty comfy pension and she has enough money to buy most things she wants. Why would she want to save? I think that's her logic.

[Anonymous No.23672560]

>>23671410
This. It's very obvious in their interactions and thought/behavioral patterns.

I watched an older lady the other day grab a $20 bill off the ground and give it to her employer's "money room". I'm talking the type you may find in a run down under 100k$ house, probably far less. Everything about her screamed submissive. The employer takes cash when nobody claims it, despite them pulling millions if not more every year.

It's the manifestation of the NPC meme. These people think that by skirting and getting rid of risk in their lives that will provide them with security. It's why they can get so tribal and irrational at times, even like in this case where it could be to their own hurt. But it's clearly not the case. They bought the lie that by getting rid of risk, they now have security. They enjoy being trapped, despite what they say, at least many of them. The ones that don't enjoy it make a way out. Let them sow against their futures. It's not my problem nor is it yours. Just more employees when my businesses grow larger.

[Anonymous No.23672561]

>>23672535
Based book.

[Anonymous No.23672587]

>>23671466
At any given time I have three years worth of cash to pay bills and I was a server for six years before I taught myself to be a code monkey. My coworkers would make $600 in a night, go to the bars and strip clubs after work, and come in the next day talking about how they're hiding from the repo man because they're six months behind on car payments. Normies are retarded

[Anonymous No.23672590]

>>23671966
Private property does not exist hardly at all in America. Your house is liable to be taken if taxes are not paid, your liquid assets if a lien is suited against you, and so on, and so forth. Heck, the government takes upwards of 15-35% of people's paychecks, and rightfully so, they own the money!

[Anonymous No.23672592]

>>23670981
I am retard where to i put my moneyz

[Anonymous No.23672623]

>>23670981
MC Unga Bunga is rich AND buys stuff that he doesn't need!
Stacy Kardashian is rich AND she spends money frivolously!
As pop culture and the schools would say, just follow your passion, just listen to what your body tells you.
Don't use that pesky pre-frontal cortex, just seek happy feels

[Anonymous No.23672659]

>>23672592
Diversification and cost minimization are by far the most important things for retail investors.
It all depends on your risk tolerance, but if you're young you should probably have most of your money in risk assets (index funds and real estate). Put a little bit into other asset classes such as gold/ gold mining stocks, crypto, bonds etc. if you want.
Watch this to understand why you should on a very large number of stocks (i.e. index funds):
https://www.youtube.com/watch?v=Nu4lHaSh7D4
Don't try to beat the markets by stock picking or timing the markets. You can't.

[Anonymous No.23672669]

>>23672659
why you should own*

[Anonymous No.23672801]

>>23672659
And just to clarify, Ray Dalio talks about finding "15 or 20 uncorrelated assets" but it's literally impossible to do that in the financial markets. All stocks are highly correlated (because of systematic risk) but you still hold a highly diversified portfolio because diversification reduces unsystematic risk (company-specific risk/ variance). Proper diversification leads to lower risk but the same expected return. Or the same risk but a higher expected return (if you couple it with using leverage).

[Anonymous No.23672870]

>>23671131
>mfw it's true

[Anonymous No.23672879]

>>23672021
this is a retarded whitie

[Anonymous No.23672917]

>>23672879
T. retarded faggot

[Anonymous No.23672973]

>>23671111
¡si si si Esta es la respuesta correcta mi hermano de negocios!

[Anonymous No.23673409]

>>23672560
Remember being like this. I remember being concerned that homeless people where steal the department store's carts I worked at. My manager said "they ware worth 500 dollars each!" 500 used to be more than a week's pay. Now I realist 500 is fucking joke money. It's fucking nothing. To a corporation it may as will be 1 penny. It's either take risk to exit wage slavery or wage slave until you drop. The cost of losing on your bet is just more wage slaving. Suicide and the knowledge of your own mortality is the ultimate hedge.

[Anonymous No.23673585]

>>23671000
>sell BTC signal
>buy LINK signal

[Anonymous No.23673598]

>>23670981
they don't teach finance at school so the masses stay poor

[Anonymous No.23673623]

>>23670981
They are addicted to consumerism

[Anonymous No.23673718]

>>23671101
>>HOPEFULLY without being exploitative

[Anonymous No.23673754]

>>23671000

i hadnt ever bought bitcoin or looked into it before so i didnt know fuck you faggots

[Anonymous No.23673771]

>>23673718
I, a White American, concur.

[Anonymous No.23674028]

>>23670981
This project is going to take off. Get in early and fasten your seatbelts.
https://app.uniswap.org/#/swap?outputCurrency=0x30BCd71b8d21FE830e493b30e90befbA29de9114

[Anonymous No.23674083]

>>23670981
Most of society is structured to ensure that social mobility is a myth. The top stays at the top and the bottom at the bottom. That’s the true motivation behind most things. Public education isn’t bad by mistake, it’s entire purpose is to take people at their most vital age and with maleducate them or just take up time that could have been better spent starting a business. Statistically there will be a few excellent individuals in every generation who can compete with the monopolies, and it’s to hamstring them that we have designed our educational system.

It’s the same idea as megacorps like Walmart lobbying for additional labor laws and minimum wage in order to destroy small businesses and absorb their market share.

[Anonymous No.23674098]

>>23674028
street shitter detected

[Anonymous No.23674132]

>>23671000
Bait

[Anonymous No.23674358]

>>23670981
*inhales*AHAHAHAHAHAHAH do you know where you are? 99% of anons on /biz/ are broke or got stupid lucky by buying some shitcoin that 20x-d just because they saw memes about it on a vietnamese basketweaving forum. /smg/ threads are even dumber than wallstreetbets.normies at least spend their money on things that bring joy, even if for a brief period of time, rather than just lighting it on fire and then telling themselves it's ok because they made a "calculated risk "

[Anonymous No.23674978]

>>23670981
Use your brain anon.
If everyone was smart, you and I wouldn’t make money.

[Anonymous No.23675312]

>>23674358
You sound like a fag