/biz/ - Business & Finance

It’s clear that Ramsey’s advice, which often includes living frugally or taking on more work to increase your income, doesn’t quite resonate with younger listeners.

In a recent TikTok, Kate Hindman, a 31-year-old administrative assistant in Pasadena, California, emphasizes that her mental health and quality of life are far more important to her.

“I’m not willing to do anything to get out of debt,” she says. “I’m not willing to eat rice and beans everyday, I’m not willing to have three jobs and not spend time with my children. I’m not willing to forgo my favorite salad on a Friday.”

Hindman explains that her bills are so massive that a little extra cash saved here and there isn’t making a major dent in her debt. (RETARD ALERT)

“The cost-of-living and low wages is to blame for the financial woes of most Americans,” she says. “Being told that we can incrementally make these big differences if we just give up our quality of life for five, 10 years is absurd.”

Normies gonna norm

>>58048495
>YEA BUT I NEED TO SUSTAIN MY GORGEOUS POVERTY LIFESTYLE THO….
Make coffee at home.
Learn to cook.
Stop going out for “drinks”.

>>58048506
>muh mental health
People would be more mentally and physically healthy without this overpriced goyslop and Chinese plastic.

>30yo
Wow, where are their kids? Easy to live the Sex in the City life until old age hits you like a brick wall at 40-50 and you realize you have ANNOTHER 30-40 years left of crushing lonely ACTUAL poverty.

>>58048495
>>58048495
Dave is a psy-op to get normies to try and be more comfortable with getting squeezed more and more by the creeping inflation caused by their parasitic banker overlords. But the normie impulse towards excess consumerism is also just a stupid trap.

Instead of getting overpriced diabetes coffee at some chain like starbucks where there is so much sugar its like coffee flavored melted ice cream, you could just make your own regular adult coffee that isn't trying to be a dessert.

Okay, and? So they're choosing to be poor. Forever on their opinions on anything money related are worthless.>
>“I’d rather be caffeinated than depressed with $6.”
If it was really the caffeine they'd switch to a cheaper alternative. Really it's the sugar. You can't even GET that much sugar in an energy drink: it would literally precipitate out of the carbonated water. There's nothing stopping them from making their own. They're just paypigs squealing like the sows they are for their next corporate dicking.

>>58048495
For me, it's the egg McMuffin.

>>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

this thread is full of retards

how is saving a few thousand over the course of 10 fucking years by giving up coffee going to impact your life in any tangible way? Its obvious that the decline in living standards and rising cost of living is driving people into debt, and that this debt is not going to go away by reducing living standards for years.

Even if some meaningful impact to debt could be made with such measures, whats the point? why bother getting out of debt? just debt max and leave banks holding the bag. Why not? they caused the inflation and stagnant wages through decades of mismanagement, yet they never get asked to give up their standards of living to fix things. Why should the plebs do so?

>>58048581
Nah "#frugal" has always been a popular story to tell people. People like telling others to be frugal, and desperate people will listen to ALL OF THEM trying to figure out how to not be poor as soon as possible. Richest Man in Babylon was published like a hundred years ago and Ramsey basically just cribs from that.

>>58048607
Holy shit last time I got two of those it was TWELVE FUCKING DOLLARS
FOR TWO SAUSAGE EGG CHEESE MCMUFFINS
Granted it was in a ski town but a year ago they had a deal 2 for $6 (normally 2 for $5 elsewhere). Inflation really is out of control.

>>58048625
No anon! You OWE them money! That's not your money, so now you have to work two jobs to pay it back because...you just do okay?!

>>58048625
1. Don't call me a retard
2. Go look how much bitcoin you could buy for $766 ten years ago
3. No it's not obvious, and you're wrong.
4. Instead of justifying your paypiggery, just go do something about the "they" that are causing inflation. Like, I dunno, dumping all your fiat for crypto.

Seriously you're justifying spending $10/day on trash because "they" don't have to lower "their" standards of living, so why should you? Because you're fucking yourself over, which THEY profit from!

You're the retard.

>>58048643
>borrow money
>don't pay it back
>nobody wants to lend you money anymore
>wtf how could this happen to me???

>>58048625
the funny thing is that these bad habits is whats keeping the economy afloat what dose he think will happen if all the hipster start brewing their own coffee? all the fucking baristas will go out of work

>>58048506
The "retard alert" in all caps made me almost spit out my yogurt, one of the small luxuries I enjoy instead of paying back my debt

>>58048581
>Dave is a psy-op
Oh the irony. How is trying to live a more efficient, less consumerist lifestyle a bad thing? The real psyop are the tiktoker/blogger influencers who shamelessly justify their unmitigated capitalism. Who try to convince young people to spend their money on useless slop, and that it's not worth saving. Part of being financially literate is having good financial habits; for this, I'd trust Dave's advice over any Starbucks addict.

>>58048671
Cool story bro.
>>58048701
No anon! You can't enjoy ANY luxuries until your debt is paid off!

>>58048607
I least I own McDonald's stock, so when I buy their I increase their sales

>>58048630
>>58048630
Well if he isn't telling his audience about how they are being scammed by banker parasites and their puppet politicians, he's not really doing them much of a favor from my perspective.

I guess my point is I sympathize with the feeling people have of "something isn't right, things shouldn't be this fucked up" and then just shrugging their shoulders in defeat because they can't figure it out.

This Dave twerp has plenty of time on his hands to figure it out, but let me guess he instead never explains to his audience how a debt based system is different from a sound money system. In comparison to that, telling people to stop buying minor luxuries is just implying the blame is squarely on them. Do you shame the powerless normie who doesn't cut back on some of his superfluous expenses, or do you shame the fat fucking banker scum who creates money from nothing and loans it out at interest? Dave should get real and start emphasizing the latter.

>forego luxuries in your youth so you can have money to shit yourself in a care facility when you're 70.
who actually listens to this fucker? if you don't have at least 10 million in retirement savings, you're not ever gonna make it. you WILL lose to inflation.

>>58048495
Wish normies would wake up and realize the only reason Boomer Ramsey is in a position of superiority is because he leveraged daddies money to high water and then crash it will all his investors money included. And then did the same thing again after the 08 bubble

Not very Christian like to say eat shit like a peasant when you came with a silver spoon.

>>58048724
1. tell audience they're being scammed by banks
2. ???
3. profit
I mean shit everyone on /pol/ is rich, right? It's gotta work.

>>58048724
>banker parasites
>debt based system
>fat fucking banker scum
you must be from reddit

>>58048742
Lol why yes I did capitalize on my libertarian interest in economics by buying bitcoin earlier than most, and now I'm retired early because of it.

>>58048771
nigger website skipped my image kek

>>58048771
You must be a self-degraded bootlicking low IQ faggot

>>58048776
I'm saying that you can't just spout off about banks without telling people what to do about it. Like, I dunno, cutting out wasteful spending, increasing your income, AND THEN WHEN YOU HAVE SAVINGS ACCUMULATING USING IT WISELY AND NOT FALLING FOR DESERT PEOPLE SCAMS

The original article makes sense in one way: buying expensive coffee at a coffee shop won't help you reach your financial goals. There's so many ways around this to still save money:
>buy beans and make french press coffee at home
>buy cold brew at the supermarket for cheaper than regular coffee and take it to work
>drink more black tea
>abuse work coffee privileges as often as possible
Saying you'll get $7500 in 25 years just doesn't reach people in the way he thinks it will. Also doesn't account for inflation, which was roughly 86% from 1999 to 2024.

I could see the argument for buying caffeine because it helps with your work, but I assume his original argument was essentially "too many people are fucking retards with their money out of convenience, here's what you could be doing instead."

We live in a time where being frugal wont save you anymore.

You literally just need to earn way more money or some how get that money in some way (like Crypto or other forms of gambling)

You cannot "cheapstake" your way into getting into the midde-upper class like you could back in the 1990s

>>58048607
that's a sausage mcmuffin

>>58048806
this
the fact that people can't see this is insane

>>58048506
my bags are absolutely GYRATING at the mere thought of violently dumping on these people

>>58048781
Oh you are a poltard so the only thing you understand about the world is jews, being low IQ you are prone to having your emotions lead you to shoddy little over-simplifications like that. You think everything centers around jews and whites somehow have zero autonomy outside of jewish plotting.

Your worldview is a jumbled up half-baked mess of cognitive dissonance. You an your fellow poltards stole all of the homework libertarians produced about the scam of central banking, but you take credit for it while only being a detriment to increasing public awareness of the subject. Me not being on your low level is what you call "reddit" because your entire pathetic worldview was developed on 4chan.

>>58048806
>>58048840
Nah you can live a frugal life and be perfectly happy. in fact thanks to all the fucking welfare in America, your income doesn't even really matter until like $50k. You can just make up the difference with benefits.

What you CAN'T do is live in downtown big city or California on minimum wage and have a good quality of life. You have to move.

>>58048625
>Why not?
there's this thing called "private contract" which you legally bound yourself to allowing the bank to invoke the violence of the government anytime you get uppity about not paying up. The only way to get away with not paying your debts is to be dirt fucking poor in the first place, in which case you're practically not even human.

>>58048872
Protip: people you're insulting aren't going to read an entire wall of text. Next time, keep it short and mock them with the image you post. Smug anime reaction images are a staple of this efficient and effective kind of mockery.

Here's one for free. Keep it, it's yours.

>>58048807
>that's a sausage mcmuffin
sausage egg mcmuffin

fucking pleb

>>58048724
>banker scum who creates money from nothing
for every transaction there is a buyer and a seller... and no transaction will clear in which both parties are not voluntarily participating.

>>58048495
>>58048506
its stupid to do it every day, but younger gens do need this. my fucking father or mother havent come to visit me abroad once in 10 years, no one in my family has. I make it by, and I deliberately get something I don't need once in a while just to boost my morale. Then I come to find out these fucking boomers go on to buy a third home. I respect my father but he couldn't have been born in a better time to start a blue collar business, and my mom just rides his success like she made it happen. that bitch broke me and my sisters down until we had no self esteen and it pisses me off seeing them dole out all this fucking money for nothing while shaming their kids for not doing what they want while never lending an ear. im digressing, i just think boomers should be slaughtered and covid 19 wasnt effective enough.

>>58048806
You're retarded and the contrary is more true than ever. I work with tons of apes who do 30+ hours of overtime every week, but also order door dash EVERY day at work and get coffee on the way. This is before they talk about how broke they are while simultaneously booking multiple vacations a year and buying the pink Stanley.

We make the same amount of money, but I live the same lifestyle by simply bringing my own lunch, making my own coffee, driving a small car and not letting myself make impulse purchases (which often times means I don't buy the thing I thought I wanted at all, or I wait till a major sale). They're mindless automatons that would rather break their backs for a company than exercise some self control

>>58048771
Believe it or not chuddie you can't really go it's da jooos for a long time on jewish controlled platforms
Even stefan meme got banned for extremely basic bitch stuff like pointing out Hollywood and bankers

>>58048495
>>58048506

Neither is actually correct.

Dave Ramsey is a grifting boomer that still lives in the past. He's an asshole and a fake Christian that makes his entire living off of peddling financial guru courses, peddling mutual funds with high commissions, hosting financial guru seminars and getting ridiculous callers on his radio show.

His financial advice hasn't changed at any point throughout his entire career. Don't go into debt, live below your means and invest in mutual funds. Cool, thanks Dave! Except, he's a hypocrite. His entire early career was about loading up on debt and buying real estate. The only difference is, he got in at the wrong time and got his ass handed to him and had to file for bankruptcy. He then got bailed out by his mommy and daddy. Then instead of trying again in real estate, he became a grifting radio host that sold courses telling you not to do exactly what he was just doing.

On top of all of this, a $5 coffee isn't going to break the bank. That's 15 minutes of work for most people. The little expenses in life aren't what destroy you in the end, even though that's the common trope. The big life destroyers are the big financial decisions. Getting a $100k student loan, buying a $40k car, buying a $400k house, having no medical insurance and getting a $20k medical bill, getting divorced and losing half of your assets, having children, racking up $10k on your credit cards with 24% interest, etc. Those are the big life destroyers, not buying a $5 fucking coffee.

On the other side, all I see is a bunch of losers that want to bitch and complain because they can't make 6 figures a year working a basic 9 - 5 job and made all of the stupid decisions I listed above. Everybody wants to be rich, but none of them want to work for it. It's her fault for fucking a guy and getting pregnant, it's her fault for getting a useless degree. Any excuse to pass blame on somebody else, people will take it.

>>58048495
>>58048506
>>58048937

At the end of the day, all we are really watching is a bunch of grifters and losers bitching and complaining about each other. Fuck all of them. Worry about yourself and di what you can to make your life content.

>>58048937
based anon. just call in ramseys show and steal his audience with your wisdom.

>>58048702
Overall he has good advice for people with reckless money management, but in some areas he gives some pretty objectively bad advice.
He always prioritizes paying off debt, even if it means selling your home. Selling a home in the last few years would have been a huge mistake to pay off low interest debt. Some of those people may never be able to re-enter the market if their income is not increasing dramatically.
He always discourages people from using public service loan forgiveness. He says it is not guaranteed (it is by law), and he also says to aggressively pay it off. This is the opposite of what you should actually do, which is make minimum payments for 10 years, pay minimal interest and have it forgiven.
I honestly think this point could be a psyop because there has been a lot of momentum among zoomers to never pay back their student loans. Student loans alone account for a massive amount of debt in america 1.7 trillion dollars.

Then he says all the typical boomer stuff like never invest in bitcoin, pay off debt before investing, and bullshit like that.

>>58048937
>Don't go into debt, live below your means and invest in mutual funds. Cool, thanks Dave! Except, he's a hypocrite
This is where your logic breaks down: it doesn't matter what Dave did in the past if the advice he's giving now is good, which it is for 95% of people. It's not hypocrisy. I don't think he ever claimed that HE became wealthy doing what he advises. In fact he's not even telling his audience that doing what he says will make them WEALTHY, it'll just make them NOT BROKE. Which would be a significant improvement for more than half the population living paycheck to paycheck with zero savings and maxed out credit cards.

His advice works for retard normies to not ruin their life. They won't succeed but the whole idea is basically designed to prevent people totally fucking ruining everything.

It's obvious paying off debt with a lower APR then you can get from investments doesn't make any sense but if you are dealing with retards you can't expect them to actually be able to keep track of numbers.

If you aren't a retarded all you need to do is be vaguely aware of your budget/income/investments/debt and things you can do with your money and you'll be fine.

Frankly even his view of bitcoin I'm not mad about because his fans are such retards if they tried to get into bitcoin they'd go all in on some jeet coin and think it was the same thing.

>>58048988

The point is, he's giving obvious advice that everybody already knows and it's after he failed doing the complete opposite. I didn't need to file for bankruptcy to gain this financial wisdom.

Have you ever watched his shows? He's always peddling courses, seminars and mutual funds that he gets a cut from. Stop defending the grift.

>>58049005
>The point is, he's giving obvious advice that everybody already knows
Anon, you are not everybody. Have you seen a teenager lately? They DON'T know this shit.
>Have you ever watched his shows?
Nope. But nobody ever memes about his actual wrong opinions. It's like this is reverse viral marketing by shitting on his only GOOD opinions to get people to go check it ou-

WAIT A FUCKING MINUTE

>>58049033

The fact is, everybody knows the advice, people choose to ignore it. Dave won't teach you anything new. The person with $10k in credit card debt already knows Dave's advice. They choose to live that way anyways because they have poor impulse control. >>58048996

>>58048495
33 y/o here
>paid off 40k of student loans off by working two jobs and living at home for 2 years
Still blows my mind how faggots cry about student loans. It’s fucking embarrassing past a certain age
>have maxed my Roth IRA for the past year despite making only 20/hr
I work 60 hours in a low stress low responsibility job. It’s fucking nothing.

Normie faggots think that spending money on empty bullshit like going out to the bar with your “friends” or a sportsball game irl is more important than saving for retirement.

When I’m in America I just work and nothing else. If I need to go “enjoy my life” I quit my job and fly overseas where it doesn’t feel like I’m living in sad, open air prison where everyone is trying to cope with spending money on hollow shit

>>58048702
Nts. But Dave's advice is busted and you can summarize his entire gimmick with "okay boomer". He's completely correct about millennials wasting half of their income in sugar, but he's just a lateral move from eat ze bugs

I can't believe in the end niggers and roasties and retards will save civilisation by crashing the system with too much debt.

It's great. If you unironically listen to Dave Ramsays advice you are peak idiot. Also LMAOING at Americans and their dumb fucking civilisation kek. So sick of American opinions on anything especially work and Christianity. Just shut the fuck up. You're all culturally retarded and slaves to Jews.

>>58048988
>mutual funds
>good advice

>>58048495
yeah, but they dont go to bars and get smashed every weekend, these modern yoof. Altho having done just that, cant say I blame them. I'm not sure anyone could afford to do that now, nevermind the young. $40 in coffee p/w is probably better for you than $40 beer. Atlho thats not very much fucking beer nowadays either, apparently.

>>58049110
>You're all culturally retarded and slaves to Jews.
Yes.

Why are all Americans in debt? I might only have like a networth of 100k (like half half crypto and an index fund) at 34 but at least im debt free. Is it buying houses?

>>58048495
All I know is that Ramsey is friends with Mark Cuban. That alone sets off red flags for me

>>58049211
It’s buying new cars and using their credit cards to live outside their means. This is not hard to figure out.

>>58049211

>>58048625
No one is saying give up coffee. Stop buying it from a fast food restaurant and make it yourself. it saves you money.

>>58048902
akchually, it’s
>sausage n’ egg mcmuffin
or
>Sausage McMuffin® with Egg
i bet you weigh under 300 pounds you filthy casual

>>58048495
that's because he's fucking annoying. he's like that dad who always bitches at you and you never do anything right. of course that's going to trigger the NPC youth

i don't know how this faggot became popular. i've always liked clark howard (inb4 he's a penny-pinching kike). maybe, but he's one of the good ones. he has a solid, trad family life and doesn't get rich by telling you to live like a peasant. he actually gives you nifty, thrifty alternative ways to do what you like to do and save money. it's a shame clark is never mentioned in /biz/. he isn't into crypto, though mainly because his audience demographic is for the retail crowd, but despite that, he does offer a lot of good advice

>>58048495
$6 bucks for... coffee? Every day That is 2200 at the end of the year. After 20 years that is like 44000 USD If you invested that money and compounded it over 20 years that could literally be like half a million bucks.
Would you sacrifice drinking... coffee for half a mil in twenty tears? Wait you can make coffee YOURSELF less than $0.50 and take it with you to work in a coffee thermos.

Why are normal fags like this?

>>58048495
>>58048506
Isn't Ramsey's financial advice more along the lines of "don't take on debt and live within your means"? Social media foids fixating on the petty luxuries like Starbucks he might recommend curtailing smells like misdirection away from the larger problems their financial illiteracy has created.

>>58048988
>This is where your logic breaks down: it doesn't matter what Dave did in the past if the advice he's giving now is good, which it is for 95% of people. It's not hypocrisy. I don't think he ever claimed that HE became wealthy doing what he advises. In fact he's not even telling his audience that doing what he says will make them WEALTHY, it'll just make them NOT BROKE. Which would be a significant improvement for more than half the population living paycheck to paycheck with zero savings and maxed out credit cards.
https://finance.yahoo.com/news/dave-ramsey-shares-went-bankrupt-161733691.html?guccounter=1
you're gonna take advice from this utter dipshit?

>>58048625
>how is saving a few thousand over the course of 10 fucking years by giving up coffee going to impact your life in any tangible way?
Here's the thing. You listen to Dave Ramsay about being frugal, you don't listen to him about avoiding crypto. Then you x100 the money like the rest of us on this board.
Would have never made it if I wasn't frugal. I literally made $550 net as a software dev in Eastern Europe in 2013, except I stayed at my university dorm (accidentally forgot to tell them that I'm employed and not eligible anymore), saved $300 of it and bought 3 radeon 7850s per month.
You fags are complaining about having to be frugal with six figure salaries lmao... Just get 3 roommates, take turns cooking and put your savings into crypto you stupid fags.

>>58048495
>>58048506
Normies kinda have a point on this one. This fucking boomer lived through a time where it was impossible not to make it financially, and now he's telling other people who got the short end of the stick that the problem isn't how shit the economic landscape has become, but that they should cut out anything not essential in order to save money. I mean I get it, that's pretty much what I do because I don't want to be a slave my entire life, but at the end of the day its just a privileged boomer shaming people and not discussing the real underlying problems that have brought us to this point.

>>58049573
Except millenials/zoomers are literally crying that they're only the second most spoiled generation in history, which is absolutely pathetic.
Meanwhile the recipe for success is still what he is preaching.
You'll see poojeets who actually unironically lived on a shitting street in their childhood make it through following Ramsay's advice, while spoiled shits can't skip starcuks for one day without getting a mental breakdown and have to convince themselves that he's bullshitting them.

>>58049602
Well no, the second most spoiled generation would have to be gen X, but you have a point. However you should consider that it's not just about economic prosperity, society in general has been completely doing down the shitter. When you take those other factors into consideration, I really don't think millenials are all that spoiled

>>58048660
retard

>>58048495
Or you could buy a thermos or a big stainless steel cup and make coffee at home.

>>58048905
Fuck off with your "Gotcha!". Sure, you have the right to starve and therefore participating in a fiat society is consent. But what are the options other than fedposting or a life of monasticism?

>>58049602
That's GenX who still paid 3k for an associates, 1500 for a new car, 70 cent coffees, and houses at most being 85k. All while being on an average of 20k guaranteed as a minimum when you graduate college.

>>58048495
Boomer doesn't understand Armageddon is coming so saving some money is pointless.

>>58048927
To be fair, if they're working so much then they probably don't have much free time to cook a meal with.

>>58048495
dave would be alright but he told his watchers not to buy bitcoin. it was like 1k per.... just because he didnt understand it. hes an idiot.

>>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)