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/biz/ - Business & Finance

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27676558 No.27676558 [Reply] [Original]

>Be a debt slave
>1% gains a year are good just slave away
>Get a second job goy

Has he actually helped anyone financially?

>> No.27676666

>be a debt slave
His entire shtick is being anti debt

>> No.27676750

>>27676558
Believe it or not, 75% of people would be worse off going off by themselves than just following boomercore practices.

>> No.27676836
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27676836

>>27676558
>Has he actually helped anyone financially?
Yes. Instilled the need in me to pay off debt. Currently debt free with paid off house. Comfy.

>> No.27676913

>>27676558
Yes, it's funny to shit on his boomer takes and he doesn't get crypto but many people benefit from his basic financial advice.

>> No.27676969
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27676969

He helps people who can't understand you need to pay off 17% interest rate CCs.

>> No.27677010

>>27676558
Pay off your debt. Don't go into debt ever again. Save 15% of your income for retirement.
Its not a bad plan at all, and will work over a lifetime for most people so their children can be millionaires, which is really his whole goal for people
Not every average joe can come here and find out about rbc and how to use metmask and buy on uniswap you know

>> No.27677023

>>27676558
he partnered with the state of Florida to produce a financial advising class for their virtual public high school system — I took it when I was 16. it was a bit strange but none of it was bad advice.

>> No.27677037

>>27676558
>Has he actually helped anyone financially?
To people that have maxed out their credit cards yet still eat out multiple times a week, his basic advice is still useful. It's not even advice, it's common sense but you underestimate the amount of financially illiterate retards who can't even come up with a basic budget, let alone adhere to it.

>> No.27677154

>>27676558
Boomers need to be told to get out of debt, because it's impossible for them to live with in their means.

When I worked for Toyota so many dumb boomer would walk through the door buy a brand new Camry 0% down 4% interest for 36 month for $30k and have a big fat payment on a boring normie car, why not just buy one that's two years old for literally half the price, its a fucking Camry the cockroach of cars it won't have any problems.

>> No.27677456

Ramsey is the stern, but well meaning father figure that most Ameritards never had. Most of those poor fuckers didn't get any kind of financial advice and ended getting fucked in the ass until Dave came by and gave them a set of solid fundamentals to follow.

>> No.27677643

dave ramsay pisses me off so goddamn much
when he was young, his family introduced him to a bunch of jews who gave him money to start real estate investing. then he went to every fucking bank on the planet for more debt to buy more houses. banks get nervous, they call in loans, he can't pay because he's jacked past his tits on leverage, and goes bankrupt. then he finds god and tells people debt us bad because the bible says so, and charges people money to buy a book of common sense
fuck this guy. we'll be better off when he's dead

>> No.27677846

>>27676558
He convinced my wife to stop spending money Allah be praised

>> No.27677910

He is fine if you are a midwit or below.

>> No.27677979
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27677979

Good advice for normies desu

>> No.27678026

>>27677023
Yeah same but in my one he straight-up told all the trannies to kill themselves.

>> No.27678037

To be fair /biz/ advice would make 99% of people bankrupt and 1% billionaires
>dude just get huge amounts of debt and gamble on shitcoins
>trust me bro
>COME ON

>> No.27678099

>>27678037
Nobody tells people to get out loans.

>> No.27678113
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27678113

>>27676558
>debt slave
>not DEBTMAXXX

>> No.27678169

>>27678099
If you don't get out loans you're a midwit. Show me one multi-billion dollar corporation that didn't take out any loans. I'll be waiting.

>> No.27678212

>>27676666
fiat is debt

>> No.27678229

>>27678169
You moved the goalposts from the pitch to the other side of down in two sentences.

>> No.27678249

Beetter than i deserve!

>> No.27678542

>>27678229
Retard

>> No.27679089

>>27678169
Car loans and credit cards are for midwit's.

>> No.27680662

>>27676836
Depends how hardcore you take his messages.
Having your house paid off is comfy, but when mortgage interest is only like 2%, you'd make WAY more money if you invested it instead of paying off the house as quickly as possible. Like a difference of millions of dollars in the long run.

His autistic hate of credit cards is also legitimately bad advice for anyone other than people who are addicted to spending like a coke addict. Just because a debt collector insulted his manhood doesn't mean that credit cards have no benefits. Having credit cards helps your credit score and even if you never intend to use your credit score it will help you finding a place to rent, get you cheaper car insurance, among other benefits. Otherwise having a higher interest rate because you refused to ever have a credit card is throwing money away.

>> No.27680795

>>27677456
It's too bad he doesn't give much good financial advice. Just parrots the same shit that (should) be incredibly obvious. Even as a kid I knew it was bad to put yourself hundreds of thousands of dollars in debt, and to avoid credit cards if you have to pay interest, and to spend less/save more, but I guess some weak willed idiots need to hear it day after day after day.

>> No.27680916

>>27677010
But that shit is easy
Easier than any class I took at uni

>> No.27681378

I realized that boomers were full of shit and Christians are fucking nuts

>> No.27681500

dave ramsey is a filthy kike

>> No.27681555
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27681555

>>27676558

Buy $CLF under 18

https://stocktwits.com/symbol/CLF

BlackRock upped stake to 15% and ArcelorMittal owns 17%... Together both these superb companies own 1/3rd of Cliffs

>Price Targets: $30 PT Short Term.. $50 PT if Biden does Infrastructure..

We called $CCIV to 30, $PLTR to 40 and $WKHS to 40

>Credit Suisse remains Neutral on Cleveland-Cliffs (NYSE:CLF) on valuation but acknowledges strong medium-term free cash flow yield.
>KeyCorp upgrades forward earnings estimates to $3.25 for CLF; meaning $32.50 is a PE ratio of 10 in an industry where standard is 17
>B. Riley lifted their target price on Cleveland-Cliffs from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, January 12th.
>BNP Paribas upgraded Cleveland-Cliffs from a "neutral" rating to an "outperform" rating and set a $22.30 price

$CLF is next in line

- /r/vitards & #SteelGang

>> No.27681597

>>27680662
Yes but how many idiots are out there spending to the hills with credit? Most idiots need to be told. You’d be amazed how stupid the average person is

>> No.27681749

>>27681597
>You’d be amazed how stupid the average person is
Yeah, I guess you're right. Even the recommendation of using your credit card to auto pay bills and then cut up the credit card gets called stupid by dave, but I guess the mere existence of a credit card in some people's hands is like a crack addict in a chemistry lab

>> No.27681763

>>27680662
yeah credit cards are bad, if you are retarded. Which most people are retarded. They leave a balance on the card and pay the interest. His advice is for the everyman, who can't restrain themselves from buying more shit just because they can technically 'pay' for it.

>> No.27682022

>>27681749
it really is. My brother got ahold of a credit card from my parents. He went on a crazy spending spree, he was 29. He's completely fiscally illiterate. I'm genuinely afraid for his future and I'm the younger brother.

>> No.27682088

PSA

This guy’s ID is literally ‘C.UCK’ please come ridicule him: >>27671702 # # #

He needs many (YOU)’s. This is literally history guys. Biz has found the ultimate KEKold of the board. Come drop a (you) to mark yourself in the archive history books.... let’s get this to a record number of you’s don’t give the cu ck a break... This is a legendary screen cap.

Spread the news and ask the mods to pin the thread so everyone may see

>> No.27682143
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27682143

>>27676558

> Tells people to pay off debt
> Not being in Debt is good

> /Biz/ seethes

Goddamn you guys are retards

>> No.27682157

>>27676558
To the average idiot yes he has helped. If you’re using biz or following finance everything he teaches you already know.

>> No.27682183

>>27681763
Credit cards are sweet. I get 2% cash back rolls into monthly statement, pay it off every month. I make a couple thousand a year just by using a credit card, I take free money whenever I find it

>> No.27682242

>>27676666
nice digits breh

>> No.27682313

>>27676969
nice digits breh

>> No.27682325

>>27682183
yeah I use credit cards too. I get nice rewards and I pay the full thing off each month. Ramey's advice is for idiots who don't understand APR.

>> No.27683852

>>27676558
He helps mongotards not get ass raped by jAePwRs

>> No.27683937

>>27682183
Same, I've made a few thousand off Chase over the last decade.

>> No.27684680

>>27682325
>>27683937
Credit card question.

I'm 33, never had a credit card, and only used debit card. Never have held debt. I did have a significant amount of parental help during a burn out period. Figure I should build up my credit and I like the cash back, even if miniscule.

Would using one card to autopay bills, even one, such a single $15 netflix subscription a way to build credit?

>> No.27684931

>>27684680
Theres 3 levels

The first is retard level. Get a card, charge hundreds to it and pay it off immediately. Put it in a drawer and forget about it.

Second level. Get a card, treat it like a debit card and use it for large purchases like groceries or something. Pay it off right afterward

Third level. Use it for virtually everything, pay it off at the end of the month

Also pro tip for US anons, get rid of your debit card

>> No.27685018

>>27684680
Also yes anything helps. Think of it as, " the more you deal with the jews the more they will deal with you". You just have to make sure you can handle the level of responsibility you use it at

>> No.27685043

>>27684931
Is there a particular card you'd recommend? I'm in the same boat as >>27684680

>> No.27685328

>>27685043
Sorry nothing in particular. But something with no annual fees would be good

Just remember the interest rate should be irrelevant since you're making sure you pay it off every month

>> No.27685572

>>27685043
>>27684931
Capital One Venture or Citi Double Cash

>> No.27685768

>>27684931
>>27685018
I appreciate the advice from the both of y'all. I've seen family and friends to overboard with it. Afraid I might abuse it.

I am curious about why not to use a debit card?

Recently learned that when a credit card of debit card that is stolen and used for fraud, the company or individual who sold you those items are out their money, not the credit or debit card's.

>>27685043
As long as we continue to work towards our future, we're gonna make it

>> No.27685842

>>27681597
>Most idiots need to be told. You’d be amazed how stupid the average person is
Then consider that half the population is stupider than that.

>> No.27685884

>>27685328
I don't spend a lot of money, so no annual fees sounds good to me.

>>27685572
Any reason for those in particular? Younger brother encourages Discovery given their rewards (what they are, I have no idea).

>> No.27685915

>>27685043
Chase Freedom Flex currently has the singe best benefits of any free card
5% on groceries for the first year
5% rotating categories quarterly
3% on restaurants
3% on drugstore
1% everything else
t. credit min-maxer
If you REALLY want to minmax, you'd open a freedom flex, freedom unlimited, and sapphire preferred card, then transfer all of your rewards to the sapphire for 1.25x redemption bonus on travel, food, and groceries.

I'd give you my referral code but don't wanna get doxed

>> No.27685947

>>27684931
>Also pro tip for US anons, get rid of your debit card
Why?

>> No.27685972

>>27680662
DebtMAX and just cycle 0% interest credit cards and balance transfer until you die

>> No.27686021

>>27685947
He's probably memeing but you need credit and using credit cards is the only real way for most people to build it. Not to mention most of them have tons of hidden features, like chargebacks as far as a year if you get scammed.

>> No.27686125

>>27685768
So, purely under the law they have to reimburse you for both. However, if there is a """history""" of payments, say 1 dollar charges you miss, and then you get wiped out, credit has to reimburse debit doesnt.

Its because with credit they arent actually reimbursing you, its their money you're borrowing and their money being stolen.

Im not sure this is applicable to every debit card and bank but thats the baseline law

>> No.27686589

>>27686125
Thank you for the detailed explanation!

My card has a Visa logo on it. I asked about it to my bank and they said that the card protects me from fraudulent purchases in the same way.

I also have overdraft turned off. Burned through that one on several occasions. Figure that should provide another layer of protection.