/biz/ - Business & Finance

>>25303843
because they save money?

>>25303843
>I saved 2k!!1!1!! We did it leddit!!!
>Time to consoom

This person will probably die middle class rather than poor. People who die poor don't have enough sense to do something like save $2,000.

>>25303843
Honestly someone who doesn't even have $2k to their name should be focusing on making money to invest rather than where to invest it

>>25303865
>saving money is fine
Its fine if you need enough for a few months. But should be investing any extra incone.

>>25303878
Its a start. Why are you hating on this person

>>25303865
Unironically this is true
The best use of money is not to save but to make it available through investment and be rewarded
Idk what all the numbers on the envelope mean but nevertheless every day spent saving this shit was a day spent losing purchasing power and not getting compounded gains

>>25303884
Only need one 5x to get started

>>25303904
Exactly. This is why I hand homeless people seed phrases instead of cash.

>>25303843
I SAVE $2000 NOW I CAN BUY A PS5 AND A COUPLE OF GAMES :DDDDD

>>25303897
everyone here is a hateful retard, because deep down they hate themselves

>>25303843
majority of people dont understand investing as a means of generating wealth. why prepare now and not get what you want to get in the immediate short term when you can deal with the long term later lol :)

>>25303882
wtf? im from a country with a lower average salary than america and $2500 was the bare minimum i had in my bank even when i was poor

>>25303935
Invest right and never be homeless
There is no difference between a modern brokerage account and a checking account aside from the checking losing you money
Stocks are super liquid, and if your checking and brokerage are under the same roof you can have sell stock on monday and have cash in hand on wednesday

>>25303886
>should be investing any extra income
No you shouldn't. You never want to be caught with zero cash on hand.

>>25303917
Or one pajeet rug pull to lose everything. Obviously crypto is an asymmetrical risk. I've got around 70% of my networth in crypto but I would never go all in

You niggers will hate on everything

>>25303843
Saving and budgeting is good, providing the funds are invested

>>25303843
kek anyone who takes this long to save $2000 should be executed by crucifixion unironically

>>25303897
This attitude isn't surprising since majority of those here have only experienced a bull market. They've never had a need to worry about dipping into savings... yet anyways

>>25303843
everybody has to start somewhere, dont being an elitist faggot, you will only ever come up short.

>>25303897
Because saving money just for "emergency" or "special" consumption is just as bad if not worse than living day to day, unless this pleb had investing plans, then sure, mb
>>25303935
Top fucking kek anon, underrated

Saving money is the biggest scam ever designed to keep people slowly trapped in a hamster wheel. You will never get rich saving money. None of the wealth created in this world comes from saving money. Only retards pat themselves on the back for saving. Why? because it's way easier to just save than to earn more money. The people that love to save and act like they are "mature" "responsible" "grown-up" etc. just don't want to break out of their comfort mediocre lifestyle in order to do the one fucking thing you need to do in order to amass real wealth.......EARN MORE MONEY! Whether that's upgrading your skills for a promotion, changing careers entirely, investing, starting a business, whatever. Anything is better than saving your pathetic paychecks for a down payment for more eternal debt and wage slavery.

>>25303957
I'm not. Faggot.

>>25304309
based and redpilled

>>25304038
>never be caught with zero cash in hand. Why I said have a few months if money saved

>>25304013
Yeah but you're smart, if you've ever met 90% of poor people they usually smoke a lot of weed and spend a lot on shit processed food and buy a BUNCH of shit they really really don't need.

oh and also take out loans every chance they can

>>25304401
I think it might be because paycheks in usa are weekly lol

>>25303897
>>25303957
>>25304120
Why would someone make a bot and pay for 4chan passes just to post this nonsense? There's no way a real human would force themselves to come to a board they hate just to mutter into the void how much they hate it here.

>>25304428
bi weekly actually just like in the uk

>>25304428
Well most of the time they're bi-weekly but yeah. Tbf the majority of millennials I know never learned any financial skills. Like most of them don't even know what a Nest Egg is so...

>>25304038
that's what credit cards and precious metals are for

>>25303957
>Projection
lol

>>25304434
why would someone use a bot for this reason you absolute psychopath

>>25304468
Just googled what a nest egg was. What a stupid fucking boomer word

>>25304401
there's a difference between poor and broke. Real poor people can't afford to smoke weed everyday.

>>25303957
>muh muh muh if you're not a pussy like me you must hate yourself!!!
neck yourself you hopeless brittle boned dork

>>25303843
is this really a fucking thing? Are they legit trying to stay poor?

>>25303843
He got 16 reddit awards, perhaps that was the true motivation all along?

>>25304202
Why is having an emergency/special consumption fund just as bad as living day to day? I had to put 4k down this summer on a new ac for my house and I just took it from savings rather than use a credit card or have to withdraw from my portfolio. You are just too young or poor to have expenses such as mine. Budgeting is just as important as investing as it leads to more cash to invest. OP's pic has no room for judgment. This broke fuck could have wasted it on cigarettes and scratch offs but instead they have money saved in case a medical issue comes up or a host of other things life throws at you when you're not still in college, as I'm sure you are.

People here are so hateful its hilarious. Most of you have less than 10k invested yet act like you're better than "poor" people lol. Its why most of you are ngmi

>>25303843
"Hooray for me, I saved $2k!"
>Posts on social media
>Gets robbed

>>25303957
I came here because I spent 2 years in college being told my ancestors were bad guys because they asked for a helping hand from a few darkies they rescued from african slavemasters. So I came here to get away from the white guilt cuckery, and to call people faggots and niggers (which I never really had the urge for until after dealing with leftistism), now I'm hooked, yet also liberated. You nigger.
Also, you are a faggot.

>>25304309

Not really. To keep more money you can either cut expenses or increase income. Either can work, depending on your situation. If you're in a low COL area cutting expenses to bare minimum can be a highly effective way to amass what you need to start investing. Moreover, if you focus solely on increasing income, you become vulnerable to lifestyle creep.

There's more than one way to build wealth. The ideal is to cut expenses AND increase inflows, but it's also possible with one or the other.

This is frighteningly common. Median income is 50k. Yet most normies don't have next months rent in their saving. I literally have no idea what they spend it on. I make 75k a year and that comes out to about 5k a month after taxes (now that they lessened payroll tax). Monthly living cost never exceeds 1500 USD (more expensive area). That leaves 3500 USD every month to do whatever with. Normally 1k goes to the student loan jew. But that's suspended. Regardless, that leaves 2500 USD a month. That means I could go full normie and buy 2 new iphones a month for 1000 dollars and still have 500 a month to save or buy chipotle like 40 times. Where normie money goes is honestly a mystery.

I have no issue putting $5,000 every month into my 401k, stocks, and crypto. God has truly blessed me.

>>25304434

>>25303957
normalfag alert

>>25303957
textbook projection

saving is a term for poor people
rich invest and not save but to the rich that is exactly the same thing
rich can be super wealthy on paper but have a lot of debt and expenses from businesses, properties, etc.
normies also NEED to go out and get food. They can have a shit job, make 33k a year, but 'best believe' they are eating cheesesteaks, tendies, chipotle, chinese, etc...not cooking at home for better health (not even talking about $).
Most people are also paycheck to paycheck, so even a 2-5k "investment' is a lot to them. and no your sub 100k portfolio won't make you 'rich' this bull run. you can 10x whatever you have right now. do the math.

>>25304858
You don't have to explain it anon. They will come to understand. That other anon is too stupid to understand. Yes the money depreciates in value but it is worth the peace of mind to have a cash cushion for emergencies.

>>25303843
Think of all the xrp this could have bought...

>>25303878
He was probably sweating hard not buying a ps5 and cyberpunk and having a phone that's 2 years old

>>25305617
drugs and their girlfriends

>>25306631
I don't get it. I could buy 5 xboxes a month and throw them off a cliff and still not be worried about rent next month.

>>25306672
you make quite a bit of money tho, median wages is a meme, there are a lot of poor people

>>25304468
>Nest Egg
kys boomer

imagine what he could have done by mining sfx wit that cash. what a waste

>>25303843
I'm trying to save 500k
Except all my money is in crypto or in the bank not fiat shit

>>25306672
most broke people are spending $50 for an eight of weed daily, ordering $30 of takeout for both lunch and dinner, and tipping the grubhub delivery man $20. That's over $3k a month right there. Add a new $1k iphone every 2 months because they are constantly breaking them, a $500 per month car payment, and the occasional $5k for dental work because they are too dumb to use a toothbrush, and wasting $300 per week at the bar.

>>25307446
100% spot on

>>25304905
you just arent smart enough to figure out everything that is pushed in your life is a psyop and it's to keep the extremely average human in check. You are probably 5-10iq above average so you fall into this trap

you can actually tell how deep youre entrenched in a type of doctrine you tried to avoid by your vocabulary, reactionary retard

>>25306450
>and no your sub 100k portfolio won't make you 'rich' this bull run. you can 10x whatever you have right now. do the math
Why would you say something so horrible anon? ;_;

>>25303882
Nah, saving $2000 is definitely a poor thing (somewhat "smarter" than the usual poor, but ultimately spurious). Middle Class bring in 80k to the household and manage to hemorrhage it all on frivolous shit

>>25307446
You forgot the ones who spend heaps of money going to clubs to get overpriced drinks. Some must spend hundreds a week just on drinks.

>>25306450
investing is a term rich people use to trick poor people into speculating on capital assets.
the truly wealthy form interest groups and buy policy to solidify their station in life.

>>25303843
That's not a bad start, my first crypto investment was around that much. Though now the big thing is what they'll spend that money on, and knowing poorfags they probably need to spend $2,000 immediately on replacing broken shit

>>25307446
god I wish I was American, life would be so easy lol

>>25303843
Idk saving doesn't come naturally to some people. The important thing is what you do with the money.

>>25307446
>most broke people are spending
>anecdotes I just pulled out of my ass
>meanwhile rich people do exactly this

hmmm, is the problem the personal behavior? or just not being born to rich parents?

>>25308288
it only doesn't come naturally to niggers because they never evolved with winters and never had to save up or plan for anything and just chimped around for 1000s of years into current day
saving resources is very natural

>>25308345
the difference is the % poor people are spending of their total assets/savings vs the wealthier people retard
and then you try blame the parents
fuck off back to plebbit with your niggerfag shit

>>25307446
>$50 for an eight of weed daily
They don't buy a bunch of weed at once? Most potheads I know don't buy daily

>unironically saving cash
holy fuck, are people actually this stupid? whats the fucking point? for a rainy day? thats what a credit card is for you stupid chink niggers

>>25308483
>saving some liquid currency of the country you live in?? NO YOU MUST USE THE KIKE CREDIT SYSTEM
fuck off rabbi

>>25308398
why are rich people lauded for doing the same stupid shit as poor people, just because it's a lower percentage of their income?
and why do you downplay the fact that most people's income is determined by factors that are beyond their control?
why simp so hard for the aristocracy?

>>25308553
>why are rich people lauded for doing the same stupid shit as poor people, just because it's a lower percentage of their income?
They are not lauded retard. It's just less of a bad decision to spend money on some crap when you have plenty of money than when you have very few money.

You are a fucking imbecile and you will die poor btw.

>>25308553
>why is someone who eats less fat compared to their height not as fat or unhealthy
>why can't you just deny responsibility and never take control of life
>why advocate for merit based choice making
take your onions guzzling commie bs back to whatever far left terrorist wannabe shithole you came from nigger

>>25304858
>>25308530
Brainlet niggers. Allow me to explain in a way that even the most useless of imbeciles can understand. Instead of saving cash:
>Put ALL money in investments earning a return (doesn't have to be risky like crypto)
>Have a credit card on hand for emergencies
>Get a month of interest free credit
>= a month to either earn the cash or liquidate investments if necessary

>>25308654
we're aware of what you're proposing you kike fuck
just not interested and not going to be convinced to rely on a jew card of fake jew credit for a real emergency

>>25308680
>resorts to using meme insults instead of an actual argument
>doesnt realize kikes are the richest and most powerful on the planet for a reason
ngmi

>>25308632
>>25308604
>continuing to shill for the aristocratic jew
humans are incapable of rational decision making and meritocracy is anachronistic justification.

but go ahead telling yourself that I'm poor because I'm stupid when I've got 40k linkies, and twice that in other various shitcoins, while living in a social democratic european shithole.

>>25307567
>the marxoid is calling other people midwits

>>25308766
>got btfod by arguments
>brings up his unverifiable holdings as an argument
it's time to go back (to /pol/)

>>25308705
there's nothing to argue
an insult is perfectly suitable when a nigger tells you 2+2=5
and kikes are rich and powerful because of dumb niggers like you
they make money off your money and any time in history shit hits the fan it's you retards that gave everything away to their system that lose it all
>>25308766
>plebbit spacing
>deny reason, the very thing that separates us from beasts
your handlers are going to be pissed kikes, you're not even remotely hiding your jew shit
might as well just post nigraeli flags and the GPS coordinates where you last met your mossad agent

>>25308840
>there's nothing to argue
for one, give me one possible example of how >>25308654
can go wrong. ill be waiting

>>25308833
>/pol/
rent free
the best part is it's not even a /pol/ psyop like I thought
they just live in your tranny but XY heads so bad that you create the boogeyman affect for them
it's incredible actually
>>25308876
>explain to me how how relying on electronic jew systems could ever go wrong compared to liquid physical currency someone would have to kill you to take
suck on another foreskin rabbi, maybe that will help clear your mind

>>25303843
so how long did it take them to save 2k? what are the numbers for?

>>25308833
>>25308840
>get your individualist, neo-liberal sacred cows raped and pillaged by actual argumentation
>REEEEEEE!!
>THERE'S NO WAY YOU'VE BEEN LURKING FOR SO LONG
>GO BACK TO WHERE YOU CAME FROM
like clockwork
this is the oldest image in my 4chan folder.
newfags should just neck themselves already.

if you gave the average person walking down the street 5 dollars they would buy 5 cans of baked beans
i shit you not

>>25308924
still haven't given a tangible example. like i said in the OC, brainlet fucking nigger. keep saving your monopoly money that depreciates by a minimum of 2% every year

>>25304309
preach

>>25308876
Were you part of the workforce in 2008? Or still in high school? Cause a lot of people were out of jobs for months and investments went to shit.

>>25308971
$2k is wipe your ass money but it will sure as fuck get a lot done if shit hits the fan
none of your investments will matter because you're a sheltered nigger that doesn't even own a gun, I can just tell spare us all the larp
you'll probably still be squealing and pleading "please no I can liquidate you don't understand" as raiders rape everyone in your house and take your food

>>25308941
So far your only argument was that poorfags shouldn't be condemned for buying expensive they don't need shit because richfags buy expensive shit too. Your dumb commie head fails to understand that buying an expensive car worth half of your net worth makes less sense than when you're a multimillionaire.

You will die poor and you will suck capitalist cock.

>>25303878
hahahahahhah>>25303878
consoomer

>>25309032
>t. americuck thinking that 2k cash will save him from a black swan event involving niggers raiding your house

>>25309048
>purposely mischaracterizing my argument
oh wow, nothing bad faith happening over here.

>>25303843
I blame central banking / money printing for this

>>25308964
That's not a bad idea, both financially and nutritionally. What would you do with that money mr. high and mighty? Think you're too good for 5 cans of baked beans? They're both delicious and economical, and can be eaten by themselves as an entree or as a side with your favorite meal.

>>25309127
>nothing bad faith happening over here
nigger you have no idea how much of a fucking cringe faggot you sound like

>>25309092
it doesn't have to be a major black swan event retard
a very small, brief power outage and your fake electronic jew credit is worthless as your food gets lower and the people outside get more violent
and my entire neighborhood is locked and loaded to the teeth nigger
even my 70yo mom has 3 9 milli's, 2 12g shotguns and .22 rifle
I wish niggers would

>>25303843
Povertyfinance is full of poor losers who are happy and proud they are losers

>>25309138
i would buy flour.

>>25309127
>oh wow, nothing bad faith happening over here.
I thought you were from /pol/ but now I believe you're from reddit kek

>>25305618
yeah goy keep putting money in your 401k so you can finally live in your life when you need assistance to take a shit

>>25309145
I can sound like a cringe faggot, because it doesn't change how right I am.

>>25309156
lol
back to the /gb2/ meme
here's another of my oldest /b/ folder images

>>25309150
>lives in a place like the one described
>muh murica
ngmi anyways, so whatever

>>25309153
go click their usernames. guaranteed that they will be posting in video game subreddits right along side their povertyfinance posts.

>>25303957

I absolutely detest normiefags it has nothing to do with me hating on me you degenerated so/&(y)boy fking piece of shit

>>25309186
Okay, faggot. Let me quote you.

>why are rich people lauded for doing the same stupid shit as poor people, just because it's a lower percentage of their income?
>why are rich people lauded for doing the same stupid shit as poor people, just because it's a lower percentage of their income?
>why are rich people lauded for doing the same stupid shit as poor people, just because it's a lower percentage of their income?

>>25309190
>implying being armed as fuck in the greatest country on Earth is bad
just tell us your cucked country already so we can laugh at both how poor you are and how defenseless
you might even get more than 1 (You) ya dirty little farming kike

>>25303865
Yes. Holding dollars is a losing game as the government keeps debasing them at an eternally increasing pace. You should be holding real assets.

>>25309186
>doesnt understand that on 4chan the way you phrase your argument is more important the argument itself
ngmi

>>25304434
>complaining about hateful retards means you hate the board
"no!"

>>25309250
nigger wtf are you talking about
that shit doesn't even work on /b/
>>25309254
>hateful
>1 post by this id
and back to your tranny discord server you go
ywnbaw

>>25309235
>greatest country on Earth
enjoy watching as your "greatest country" gets cucked into oblivion by the chinese because dumbass citizens fell for a meme virus