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/biz/ - Business & Finance

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My credit card debit is growing Anonymous Mon Sep 18 17:23:53 2023 No.56135426 [Reply] [Original]

Fuck pivot already you FED niggers. I don't want to sell my assets. They are going to keep squeezing me until I sell, and then they will pivot, aren't they?

>>	Anonymous Mon Sep 18 20:13:05 2023 No.56136812 >>56135426 How did you get into Credit Card debt Anon?

>>	Anonymous Mon Sep 18 20:15:40 2023 No.56136833 My debt repayments are getting huge now, if it keeps going up I'll have to sell my house and my cryptos to put bread on the table. Powell needs to pivot NOW, fucking NNIGGERRRRR

>>	Anonymous Mon Sep 18 20:19:39 2023 No.56136868 File: 264 KB, 1200x1200, for you.jpg [View same] [iqdb] [saucenao] [google] >>56135426 >They are going to keep squeezing me until I sell, and then they will pivot, aren't they? Powell literally told you that was the case.

>>	Anonymous Mon Sep 18 20:29:17 2023 No.56136931 This is why you NEVER carry a credit card balance. The interest rates on today's cards are absolutely insane too (some are 22%+) The only good debt is low interest mortgage debt, as you'll get equity from your home.

>>	Anonymous Mon Sep 18 20:30:51 2023 No.56136941 >>56136931 This. >Open Credit Card >Pay it off every month >Treat it like a debot card and reap the rewards >Get the benefits of the cashback or bonuses while never paying extra. Simple as.

>>	Anonymous Mon Sep 18 20:32:07 2023 No.56136948 >>56136931 This. >Open Credit Card >Pay it off every month >Treat it like a debit card and reap the rewards >Get the benefits of the cashback or bonuses while never paying extra. Simple as.

>>	Anonymous Mon Sep 18 20:46:37 2023 No.56137041 >>56136868 what a butthead

>>	Anonymous Mon Sep 18 20:48:26 2023 No.56137056 >>56135426 I have never paid a cent of interest on my credit card and I run all my transactions through it and have an 830 credit score. Why are you fucking up this bad?

>>	Anonymous Mon Sep 18 20:54:06 2023 No.56137100 >>56136931 >>56136948 >>56137056 Based. Carrying credit card debt is one of the lowest IQ moves you can make.

>>	Anonymous Mon Sep 18 20:55:12 2023 No.56137113 >>56135426 Anon you still haven't told us how you got into credit card debt. We are waiting.

>>	Anonymous Mon Sep 18 21:01:41 2023 No.56137157 >>56137113 I am a reseller. I buy stuff on clearance and resell on eBay. Been a lot of good deals lately. I increased my inventory by like $40k in 2 months. Went a little overboard.

>>	Anonymous Mon Sep 18 21:24:01 2023 No.56137313 >>56137157 Have you considered getting a real job? kek

>>	Anonymous Mon Sep 18 21:29:59 2023 No.56137359 >>56137313 Nah. I did $220k in sales last year. I'm good.

>>	Anonymous Mon Sep 18 21:31:34 2023 No.56137372 >>56137359 >drowning in CC debt >thinks he's good LOL

>>	Anonymous Mon Sep 18 21:53:58 2023 No.56137515 >>56137157 It sounds like you’ve taken a shitton of debt without reading too much into this. What are you selling on eBay? You need to lower your margins.

Anonymous Mon Sep 18 21:55:50 2023 No.56137525

>>56137515
The problem is I do retail arbitrage. I buy from big retail stores. Lots of other resellers do this too. So you end up having to wait to sell, because all these other idiots race to the bottom uncutting each other. Have to wait for them to sell out. I am liquidating my older inventory soon, just waiting for Christmas to be closer.

>>	Anonymous Mon Sep 18 21:57:25 2023 No.56137534 >>56137157 Uh oh, anon bought Pokémon cards on the dead cat bounce

>>	Anonymous Mon Sep 18 22:01:06 2023 No.56137551 >>56137525 If the debt is outpacing you, you’re just taking on more risk the bigger your inventory. So you really just need to focus on selling the shit you have. Not a terrible business model depending on the rates you get.

>>	Anonymous Mon Sep 18 22:04:57 2023 No.56137578 >>56137551 Yeah, agreed, I will do that.

>>	Anonymous Mon Sep 18 22:19:24 2023 No.56137656 >>56135426 I pivoted your fat Jewish mom last night lol.

>>	Anonymous Tue Sep 19 00:09:39 2023 No.56138352 >>56136868 This, he said its straight up.

>>	Anonymous Tue Sep 19 01:31:44 2023 No.56138855 File: 203 KB, 1593x405, no-wealth.png [View same] [iqdb] [saucenao] [google] >they went into debt

>>	Anonymous Tue Sep 19 01:33:14 2023 No.56138861 File: 16 KB, 375x211, fauci.jpg [View same] [iqdb] [saucenao] [google] >>56136868 we made it in a Wuhan lab we funded!

>>	Anonymous Tue Sep 19 01:33:48 2023 No.56138865 File: 31 KB, 384x536, sj.jpg [View same] [iqdb] [saucenao] [google] >>56135426 >The crash comes after the pivot.

>>	Anonymous Tue Sep 19 01:37:05 2023 No.56138898 >carrying cc debt Wait, people (that aren't debtmaxxing before an heroing) actually do this? Why? Are you retarded? It's not like FFR even matters for junk debt like CCs, they were still averaging +15% when rates were zero

>>	Anonymous Tue Sep 19 01:38:47 2023 No.56138909 File: 32 KB, 698x641, Punch.png [View same] [iqdb] [saucenao] [google] Your cards aren't just proxies for your debit card? Isn't that how this works? Why did you let it get out of control? I just buy the same shit I usually need and pay it off.

>>	Anonymous Tue Sep 19 01:39:56 2023 No.56138913 File: 5 KB, 273x184, biden.jpg [View same] [iqdb] [saucenao] [google] >>56138909 yeah I heard on MSNBC that inflation was fixed now so what gives?

>>	Anonymous Tue Sep 19 01:45:47 2023 No.56138949 I don't use my credit card and i don't care about my credit score. I don't even know what it is.

Anonymous Tue Sep 19 01:50:17 2023 No.56138986

>>56137551
I can’t imagine this is profitable. eBay takes 13-15% and I see new shit selling on eBay for cheaper than it is at Walmart. So cheap I wonder how you can even ship it for that cheap. You must be making max a couple bucks per sale. When you factor in how long it takes to ship it that’s probably why you’re drowning in debt

>>	Anonymous Tue Sep 19 02:04:31 2023 No.56139061 >>56137359 >$220k gross So you cleared, what? $20-40k? Kek, you know waiters make $40/hr with tips, right? You're making less than poverty wages >>56138986 Junkie shoplifters keep ebay afloat

>>	Anonymous Tue Sep 19 02:28:57 2023 No.56139170 >>56138986 >>56139061 >Buy things for 75-90% off >List it on eBay for 50% off normal retail >double your money >customer thinks they are getting a steal >rinse and repeat You'd be surprised how profitable it is.

>>	Anonymous Tue Sep 19 04:13:05 2023 No.56139640 >>56139170 >buy for 70% off >sell for 50% off >$220k GROSS So I was correct in surmising that you make less than a waiter, while exposing yourself to significant risk (see: $40k in cc debt)?

>>	Anonymous Tue Sep 19 04:17:16 2023 No.56139656 >>56139640 You are right. You're always right. Well done.

>>	Anonymous Tue Sep 19 05:26:55 2023 No.56139895 >>56135426 why wouldnt you literally just debt maxx and not pay them back? i maxed out 140k on credit cards 2 years ago and never felt better

>>	Anonymous Tue Sep 19 05:36:17 2023 No.56139935 >>56135426 >>56137157 As a wagie, I have guaranteed income, so I can pay off my debts. You merchant niggers sink or swim by the Fed's policies. You deserve what you get.

>>	Anonymous Tue Sep 19 05:44:14 2023 No.56139969 >>56139170 I’m an eBay seller as well and shipping is what’s nuking my margins. These shippers are out of control. Some of my items are free for me but I still get fucked on shipping and promotion fees

Anonymous Tue Sep 19 07:06:49 2023 No.56140275

>>56139969
yeah also ebay changed their game. they know try to kike you into paying the "promotion" fees. they basically hide your items from search results unless you cought it up. i notice now the algos dont let my shit get sold for 2 weeks then one day my shit gets shown in searches or something because i get a half dozen sales like clockwork on 1 day every 2 weeks where every other day nothing happens. and i never pay the promotion kikery

Anonymous Tue Sep 19 08:16:28 2023 No.56140505

>>56137056
You're giving me Tap card vibes. Unlike Swissborg charging a hefty 4.5% for card transactions, Tap keeps it at a solid 0%. No annual fees or delivery charges to get the card, plus you get transaction notifications and can freeze your card if it's lost.

Anonymous Tue Sep 19 08:23:47 2023 No.56140527
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>>56138949
You're stuck in the old world, Anon, if you're not rocking one of those credit cards – Wirex, Revolut, and especially the Tap card. They're all about financial freedom, easy vacation funds, seamless crypto trading, and a whole bunch of other sweet perks.

>>	Anonymous Tue Sep 19 08:37:47 2023 No.56140563 im close to maxing out my cards and buying crypto for october-dec and hope for the best. at this point i have nothing to lose. im laid off already and no other jobs near me

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