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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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57536603 No.57536603 [Reply] [Original]

>If you owe $7,000 with 1.5% APR and $7,500 with 23.99% APR, you must pay the smallest debt first.
What tf is wrong with him?

>> No.57536628

>>57536603
He's not there to optimize things financially, he's an alternative to the propaganda produced by credit card companies. There's a large portion of the population that's driven more by emotion than reality and they need someone that speaks their (retarded) language.

>> No.57536662

It’s a psychological trick that is useful for the retards dumb enough to get into the debt issues of the people that call into that show

I noticed he stopped bothering taking calls from people around the median wage though because they’d all be
>hi Dave I make 50k
>housing costs me 36k
>10k goes to payroll and local taxes
>5k total expenses for cheap vehicle that I need for work
>1k a year eating absolutely but rice and beans
>my company automatically gives me $50/mo into a 401k am I saving enough for retirement?

Shit would crack me up I hate how it’s always just people making 300k and buying dumb shit.

>> No.57536714

>>57536603
That's not at all what he says but good try Jordan Belfort, I'm sure you'll get it right some day.

>> No.57536865

>>57536662
https://www.youtube.com/watch?v=d9FSHPyrdEM

>OkAy
>just get another job
>adjust your expectations

>> No.57537331

>>57536603
I like his psychology based approach to personal finance. It's perfect for tard wrangling, which is really what you need if you aren't already handling your money well. If I were tasked with handling the finances of someone in a coma, I'd do consolidation loans, etc but if I were giving someone advice, I'd say to debt snowball.