/biz/ - Business & Finance

>>58492468
the borrower is the slave of the lender

>hey Dave, so I went all in on CHUCK at $65 and I lost it all … idk what to do

>credit cards are...le bad! and you shouldn't use them ever!

>YOU HAVE HOW MUCH CREDIT CARD DEBT? YOU NEED TO BE WORKING 80 HOUR WEEKS TO PAY IT OFF!

>>58107647
>NO YOU CAN'T USE THOSE STOP IT RIGHT NOW BE DEBT FREE REEEEEEEEEEE

>>58048495
>NOOO YOU CAN'T JUST NOT WORK 80 HOURS A WEEK WHEN YOU HAVE CREDIT CARD DEBT YOU NEED TO WORK YOU NEED TO TOIL YOU CAN ENJOY LIFE WHEN YOU'RE 80

>>57991067
>NO ANON, DON'T INVEST IN ASSETS THAT WILL GO UP IN VALUE. INSTEAD, WORK 80 HOUR WEEKS UNTIL YOU'RE OUT OF DEBT, THEN INVEST A FRACTION OF YOUR PAYCHECK INTO AN INDEX FUND. YOU CAN RETIRE WHEN YOU'RE 80
>YOU NEED TO LIVE FOR REPAYING DEBT RIGHT NOW ANON, NOTHING ELSE

>Nope, you can't just be in debt. You'll need to work 80 hour weeks, never enjoy yourself again until all of your debt is paid off. All of your life energy must go to repaying debt.

>YOU NEED TO WORK 80 HOURS A WEEK. NO GOING OUT, NO ENJOYING YOURSELF. YOU ARE IN DEBT. ENJOY YOUR LIFE WHEN YOU'RE IN YOUR 80S

>>57884199
>NOOO YOU CAN'T JUST NOT PAY OFF ALL YOUR DEBT. YOU HAVE TO WORK 80 HOURS A WEEK AND NEVER HAVE FUN EVER AGAIN UNTIL YOUR DEBTS ARE PAID

>WORK 80 HOUR WEEKS. YOU'RE DOING NOTHING, NOTHING BUT WORKING, UNTIL YOU PAY OFF ALL YOUR DEBT. NO FUN, NO GOING OUT TO EAT, NO DATING. NONE OF IT. 80 HOUR WEEKS, PAY OFF THE DEBT. ENJOY LIFE WHEN YOU'RE OLDER.

>>57768179
>YOU'RE GOING TO NEED TO WORK 80 HOURS A WEEK. RICE AND BEANS ONLY. NEVER GO OUT OR HAVE FUN AGAIN. YOUR LIFE MUST BE FOCUSED ONLY ON REPAYING DEBT

>YOU NEED TO WORK 80 HOURS A WEEK TO PAY OFF YOUR CREDIT CARD DEBT

>>57719528
>YOU HAVE OUTSTANDING CREDIT CARD DEBT? YOU NEED TO EAT RICE AND BEANS. YOU HAVE TO HUSTLE AND GRIND, TAKE TWO TO THREE MORE JOBS THAN YOU HAVE NOW. NO MORE DAYS OFF. NO MORE REST AND RELAXATION UNTIL YOUR DEBT IS ZERO. THAT'S WHAT YOU HAVE TO DO.

What, exactly, is so bad about credit card debt or debt in general? There's a bunch of finance YouTubers who are like YOU CAN'T BE IN DEBT IT'S BAD but, you just make a minimum payment and move on.
I understand interest, I get it, but other than that, what is the negative consequences of debt?

What is the consequence of being in debt? I'm watching these youtubers like Dave Ramsey and Caleb Hammer constantly going on and on about how bad debt is and how their guests need to work and hustle and grind in order to pay off their debts.
And yet they look like normal, average people. I see people who are 100k or more in debt and they look totally fine. Living, able to buy stuff clearly. And yet these hosts act like they're in this dire situation when I'm just not seeing it. On the outside they look totally fine despite their high debt.
What are the actual real world consequences of being in that kind of debt?

Buy a $1000 beater

google rango and start flipping them crypto burgers boy, otherwise you will start listening to this boomer tell you to eat the bugs and the beans in your mid 40's to cope. no excuses. rango has everything from all dex platforms combined in one place. buy inj, buy sol, buy whatever you want but start trading. won't be the end of the world if you fumble majorly, rebuild and try again until you get it.

money means nothing until you are 6 figs in close to 7 at the very least. remember that.

>cut off your arms and legs to lower you TDEE and require one fewer can of beans per month

>YOU NEED TO WORK YOUR WHOLE LIFE AWAY TO PAY OFF YOUR DEBT. NOOO YOU CAN'T JUST KEEP MAKING MINIMUM PAYMENTS YOU OWE MONEY. RICE AND BEANS, GET A SECOND JOB.
What does he mean by this?

>YOU ARE IN DEBT. EAT RICE AND BEANS. NEVER TAKE VACATIONS. SPEND YOUR LIFE PAYING OFF YOUR DAMN CREDIT CARD!
what did he mean by that?

What the fuck? You have a 300 dollar car payment a month and you only make 250k a year?!??!

You need to eat noodles and drink water for 2 years atleast

>>55057702
If you order food,don't tip, you could invest that money in some stocks for max returns

if you're a delivery wagie, Pull Yourself up by Your Bootstraps, don't expect a tip, find a better paying job

>>53952607
That's not what Dave said.
https://vocaroo.com/1eoxvHXzcYNn