/biz/ - Business & Finance

>>58048671
technically, crypto doesn't fall into ramsey's principles, so he has to piss all over it. for instance, if you file for bankruptcy, you have to surrender all your crypto. that one bankruptcy he had must've spooked him good because it changed his life lol. the truth is, times have changed. you can actually file for bankruptcy, wipe all your unsecured debt, cash out your crypto, after your lawyer goes through a few months of processing all your shit, then you'll have sound money with no debt, enough to buy back into crypto, plus it's easier to pay your lawyer his monthly fees, in as little as 4 months after all the processing is done, you will still get accepted for credit cards again. it doesn't take 8 years like it did in his day. now granted, if you file for bankruptcy again, yes this is when shit gets bad and it may take years to get any credit card or loans. it's like getting a DUI, the consequences get much worse, the more you penalize yourself, but one bankruptcy is like your first DUI in most cases, just a slap on a wrist, however being approved for credit cards is easy, being approved for the best ones, not so much, but these days it's even difficult to qualify for the good ones, even if you've been paying them off like a good little goyim because you've amassed too much debt across all the credit cards you possess. it's best to have a lot of credit cards, use only one, the best one with the best rewards program, that fits into your budget, pay it back 100% every month, bank on the rewards. every now and then use or rotate thru your other credit cards for small shit like groceries, pay them off 100% a month. you're credit worthiness will soar and it will be easy as fuck to borrow money for emergencies, just don't splurge like a retard when every business who asks for your FICO store ends up kissing your ass and giving you the VIP treatment when it's 800 plus. don't let it get to your head (i know from personal experience kek)