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/biz/ - Business & Finance

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20867614 No.20867614 [Reply] [Original]

I want to move out of my parents' home but I have $110,000 in student debt and only $7,500 in my bank account. Never held a job in my life.

>> No.20867650

>>20867614
How did you fuck up this hard? How old are you? What did you study? Did you finish your degree? Do you still want to pursue that field as a career?

>> No.20867909

>>20867650
>How did you fuck up this hard?
Being pressured to get my family out of the dirt. I come from a long line of depressed sad sacks and thought going to uni as a first-gen would fix the cycle.
>How old are you?
I am 22, but I look 17. I get carded even for buying video games.
>What did you study?
Started on accounting, but I failed Calculus II because I'm a retard. Parents saw this and kept pushing me to continue, so against their better judgment I took on...English.
>Did you finish your degree?
Not really. I mean, I don't even have my diploma yet because we haven't ordered it. And because of Covid, so many classes were changed and I got out of writing so many essays, that it barely even felt like I earned my education.
>Do you still want to pursue that field as a career?
I don't want a career. I want to travel the US and do a bunch of odd jobs, never settle down. I have stayed in my home state all my life and have no fond memories of this town anymore.

>> No.20867910

>>20867614
By the end of the year, you'll be able to pay that off with 1 Link.

>> No.20867932

>>20867614
buy AMPL. right fucking now

>> No.20868008

>>20867932
It’s honestly disgusting how fucked up you are shilling some scam to someone that needs genuine advice.

>> No.20868015

>>20867909
The good news is you're still really young. You either need to pay off your student loans as quickly as possible or accept that you'll be making minimum monthly payments for eternity and will never pay off the principle.

>> No.20868089

>>20867614
>AWW DUDE, YOU NEED $300 A MONTH FOR MY STUDENT LOANS? I HURT MY LEG, BRO, THEY GOT ME ON THESE PILLS! I CAN'T DO $300!

>> No.20868118

>>20868089
>BRO, I CAN DO LIKE. 3 DOLLARS?

>> No.20868155
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20868155

>>20867910
BASED!!!!

>> No.20868156

>>20868015
I need them to be forgiven. I keep seeing on Plebbit that there are ways to get all that debt sucked away if you claim mental illness and do all this weird stuff, but at this point I'm desperate. Not once during University did I ever feel like I was getting my money's worth. I only stuck through it because my parents kept telling me I'd basically be nothing if I dropped out. This is mostly because my father quit after one semester, my brother quit community college after one semester, so when I stayed for a full year they all got convinced that I was some Golden Boy.
>>20868089
>>20868118
I do intend to pay off my loan if the forgiveness meme doesn't work out. It's not like it's a detriment to my mental health. I don't spend money frivolously, but it sucks having nothing to show for the loan I took out.

>> No.20868190

>>20868008
he’s prob like -70% on ampl i dont blame him for being desperate
>>20867614
decide whats more important for you, being free or being a savior, whatever you pick you need to start making your own decisions. look - if your parents are retarded financially why would you listen to their financial/career advice? read millionaire fastlane right fucking now

>> No.20868250
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20868250

>>20868190
Well, they weren't always like that! There was a string of about eight years when my parents were literal millionaires. It's just now that their old methods are proving inconsequential, because their company is tanking. They scream at my brother for taking out a car loan that is predatory, but don't even consider the possibility that a six figure private loan for me might be the same. And yeah, I didn't either, because I was young and retarded and more focused on my stupid whore ex than my future.

>> No.20868274

>>20868156
>Never had a job
>Has money
How?

>> No.20868299

>>20868274
Gifts and stuff. I'm a huge miser. Have probably only spent $1000 on myself in all four years of college. Because of my upbringing, just buying video games can stress me out.

>> No.20868301

>>20868274
Probably leftover cash from his student loans

>> No.20868306

>>20868250
what bizness they do?

>> No.20868342

>>20867909
OH SAY CAN YOU SEE

why not move to another country?

>> No.20868376

>>20867909
What about going to China as an english teacher? Your shitty grade gives you a great edge against the losers that have to work ilegally because no grade.
Just ask in the /trv/ thread.

>> No.20868401

>>20867932
how about you kill yourself shitskin

>> No.20868417

>>20867909
You lost, sorry dude, try again next life.

>> No.20868433

>>20868376
Ya OP needs to do something drastic, I'm getting a "spending my next 15 years working at walmart and then committing suicide" vibe from him.

>> No.20868439

>>20868306
They're the middleman between landowners and insurance companies. It's soulless office work. I remember my mom hid from me that my uncle is a plumber, and when I found out I was envious that he's the only person in my entire family who is in a trade. My brother is a used car salesman. My dad's brother is an anesthesiologist but also he's really fat.
>>20868342
I want to, but I don't see how I could. I only know Spanish (yes I'm white don't worry). I also feel guilty emigrating for a first world problem's sake.
>>20868376
I got offered a job once to teach English in Japan, but I can't imagine having a fulfilling life in the Far East. I'm probably the one guy in the world who watches exclusively anime but finds asian women abhorrent.
>>20868417
LMAO I feel weird replying to a lot of people but this is based, gave me a chuckle. I'm playing Persona 5 in my limitless free time and honestly it seems like I really am bound to fate IRL.

>> No.20868457

>>20868433
Checked dubs. I will never commit suicide. That is for cowards. I may be directionless but I'm not depressed.

>> No.20868464

>>20867614
seriously, move to a south american country; paraguay or bolivia come into mind - get a job there and start a new life

>> No.20868487

>>20868439
You are still young, if you dont like the expat route you can go back.

Maybe not in Japan, but you may be able to get contacts in the expat community to change careers with a bit of effort.

>> No.20868494
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20868494

>>20867614
>>20867909
>>20868156
>>20868250
>>20868299
If you are smart but just can't into academic hoop jumping, with your debt load your best play may just be to get into a trade, build up your own bizness and accumulate savings off the grid. Get paid by clients in cash and sack it away in crypto where the fed jews can't collect their usurious debt.
You are young enough that you still have more than ample time and opportunity to build a useful skill set and sell your labor until you can build up a base of real capital.
Remember, the secret to making money is to be useful to people with money. It's honestly that simple.

>> No.20868505

>>20868439
>i feel this
>i feel that
disgusting and ngmi, youre not here for advice but for attention and sympathy like a woman

>> No.20868559

>>20868439
I wonder if they have English teaching jobs in Russia/Ukraine/Belarus.
Might be worth looking into if you already got the Jap offer.
Can't think of many other options for an English degree other than teaching kids which to me sounds fucking horrible.

>> No.20868572
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20868572

>>20867614

Besides buying supplies which are essential for survival, invest your money in gold, silver, gold miners, and silver miners (GDXJ and SILJ).

Have been begging people to do this since May. Read this thread to understand why. Anybody who listened is already up 200% on their investment.

https://i.warosu.org/biz/thread/19669109

We are about to have a currency crisis; the fact is inescapable. Your money will go a long way when the dollar is wiped out and goes to zero. Conversely, hyperinflation may take care of your debt problem. There is reason to be optimistic if you take steps to prepare for yourself for the imminent collapse.

>> No.20868609

>>20868505
Better to discuss his problems than just smoke weed and get drunk like most 22 year olds with shit degrees.

>> No.20868640
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20868640

>>20868494
Forgot to add: you can perfect the above plan by finding a good debt-free woman (inb4 a thousand demoralization shills saying there are no good white women), putting babies in her and keeping your house in her name. That way the student loan jews will not be able to put a lien on the property. Make money and laugh as they futility try and collect their fake money.

>> No.20868992

>>20867614
>I have $110,000 in student debt
You could have bought Chainlink with that money, you know? This way you would not have to worry about money anymore in 2-3 years for the rest of your life.
Instead you took a loan from the college Jew and now have to pay it back.
Oh anon.
Well, at least you are still young. Buy LINK now.
Also act fast. That's what I can tell you from my own experience

>> No.20869059

>>20867614
and you dont have any chainlink lmfao

>> No.20869063

>>20868572
>>20868992

Just going to add to this: Don't buy crypto. Crypto is going to zero. It's a plaything for technocrats and gamblers, not a serious safe haven. When the dollar crisis really unfolds, people will go to gold.

>> No.20869128

>>20867614

Unironically do a coding bootcamp with an average salary of 100k+. I did it and made $170k total comp right out and started paying my $75k in debt off right away. If I was able to do it so could you.

>> No.20869144

>>20869063
I never got the crypto meme. I only come on /biz/ for personal finance threads. Still this has been kinda helpful.

>> No.20869242

>>20869128

which bootcamp?

>> No.20869255

>limitless free time for video games
>desperately needs money

Hm idk anon have you ever considered getting a fucking job?

>> No.20869328

Just don't pay it back. What are they gonna do? If you're a neet with no assets they can't take your life from you. But you'll never be able to own anything nice probably.

>> No.20869435

>>20869255
No, I don't need anything. I just want to live on my own and not feel the need to starve myself. I couldn't care less about moving up in social class or doing anything besides making ends meet.
>>20869328
If I end up moving out I'd consider doing this. Knowing all they could do is garnish my wages and call me a lot is kinda funny.

>> No.20869456

>>20869255
90% of jobs won't get him out of his debt. he is an indentured servant if he works

>> No.20869557

>>20869456
By that logic half of the kids my age are indentured servants too. Hell, my entire family is made up of indentured servants. What's your point?

>> No.20870206

>>20868089
Aaahh geez duude

>> No.20870283

>>20868439
>offered a job to teach English in Japan
>women gross
take the job pussy

>> No.20870430

all in on XRP

>> No.20870443

>>20867614
>he fell for the education meme

>> No.20870478

Welcome to Jews.

>> No.20870493
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20870493

>>20867909
>Started on accounting, but I failed Calculus II because I'm a retard. Parents saw this and kept pushing me to continue, so against their better judgment I took on...English.

>> No.20870584

>>20867614
110,000$ STUDENT FUCKING DEBT HOLY SHIT IS THIS AMERICA

>> No.20870637

>>20868089
>>20868118
>AWWWW GEEZ DUDE I WAS IN THE HOSPITAL FOR DAYS WITH MY LEEEGGG

>> No.20870739

>>20867614
F

>> No.20870800

Wow this board is LITERALLY filled with depressed desperate poorfags looking for get rich quick schemes. No wonder you faggots can't stop shilling your shitcoins here, you're just as desperate as OP.

>> No.20871160

>>20869557
Literal goyim

>> No.20871218

>>20871160
My grandparents are dirty rotten Jews who abandoned my father, causing him to convert to Christianity.

>> No.20871315

>>20867614
>I have $110,000 in student debt
Do Americans really?

>> No.20871353

>>20869128
This was good advice in like in 2012-2015. Bootcamp grads are everywhere now.

>> No.20871370

>>20871315
>Do Americans really?
Yes

>> No.20871544

I can't believe that skipping college and working a shitty full time(to buy LINK) was the best decision I'll ever make in my life.

>> No.20871625

>>20869063
>Just going to add to this: Don't buy crypto. Crypto is going to zero

If that were the case it'd be zero right now. Blockchain tech/DLT is legit.. are most tokenized projects bullshit? yes, but a handful are providing real world use cases

>> No.20871662

>>20871625

>Just going to add to this: Don't buy crypto. Crypto is going to zero

>If that were the case it'd be zero right now.

Stocks in the South Sea Company were extravagantly priced until they weren't any more.

Crypto might fill a few niches, but it can never achieve mass adoption, hence it can never be money.

>> No.20871667
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20871667

>mfw in the same position except zero debt

>> No.20871695

>>20868089
>>20868118
>>20870637
GOD DAMMIT GUYS HE TOLD US TO KEEP THE SECRET TO OURSELVES!!!!!

>> No.20871705
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20871705

>>20867909
Why did you have to take Calc II as an accountant? Accountants dont have to be amazing at math, shit the accountants at my company are fucking brain dead at math.

>> No.20871754

>>20871705
It was a requirement for the program. Didn't matter anyways. I got a C+ in Calc I and yet my counselor insisted I move on. I had taken AP Calc in high school, but because it was infested with blacks I never learned anything besides how to react if a big nog comes up and starts talking shit with me

>> No.20871765

>>20871662
Did you sold your AMPL?
Is that why you are so salty?

>> No.20871791
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20871791

>>20871754
That sucks man, my college only requires Calc I for Accountants. I went MIS though which was alright, make good money now.

>> No.20871884

>>20870584
I don't want to shit on OP but there is no reason to take on that much debt.
You can community college it for 2 years and then go to a state school and you can get out with only 20-40k debt.

>> No.20871885

Apply for a bunch of loans and credit cards and put it all into Chainlink. If it pans out, you’ll be able to pay off your student loan debt. If not, you’re still in the same situation just in a little more debt.

>> No.20871931

>>20871754
How the fuck did the blacks even get into AP Calc in the first place?

>> No.20871960

>>20871885
Ya and at least he can declare bankruptcy on his CC debt if link fails kek

>> No.20871965

>>20871884
I fucked up major. A university near my home was offering to give me a full ride, but my parents INSISTED that I go to a """public ivy""" under the guise that I'd have more opportunities there. Like I said, big bro tried community college for one semester and quit because he's also a big dumb idiot like me, so I guess it just runs in our DNA.
>>20871931
I wish I could tell you. The school was like 80% black, and all AP courses were made up of mostly minorities, taught by disengaged boomers. My high school failed me. Everyone I've grown up with is a fat sack of shit right now.

>> No.20871973

>>20867614
you could have turned that $7500 into $225k if you bought into xamp yesterday

>> No.20872000
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20872000

>>20871765

I have the good sense to own literally no crypto. Small-cap miners are up 600% off the March lows. No need to me to gamble on ponzi-schemes when I have a sure thing.

>> No.20872052

>>20871965
>The school was like 80% black
Holy fuck anon, I'm so sorry.

>> No.20872053

>>20872000
Good luck with that

>> No.20872072

>>20867614
take cal2 at a community college and transfer. I'm doing that rn, and with online classes, I don't have to learn shit, can just google or chegg everything during exams. About to finish the class and I haven't learned a thing

>> No.20872088

>>20872052
It wasn't all bad. My fondest memory was coming to lunch one day and learning that one of my best friends was basically homeless, only to go in line to grab lunch for him and come across some nappy-headed thug yelling at the lunch lady because "the pizza be too ugly, I want some chicken"

>> No.20872128

>>20872088
Ya I've been to prison and if there's one thing about blacks at least they aren't boring.

>> No.20872196

>>20868494
This.
Currently starting my own business after dropping out and it’s the best thing I’ve done with my adult life so far.

>> No.20872266

>>20871884
I'm more surprised by the fact that this much debt for going to college is even possible since it's free in my country which makes it an extreme comparison. I guess our state is happy with having qualified people and feels no need to make a business out of everything.

>> No.20872294

>>20872266
Yeah I have zero qualifications now just like when I started. It's my fault yes but also I don't like having to owe so much :(

>> No.20872304

> 110k in debt and you don't even have a degree
At this point it's worth it to go another 100k just to get the degree. Partial completion is effectively the same as never going in the first place.

>> No.20872323

>>20872304
Sunk cost fallacy

>> No.20872390

I would get

(a) a job - if you are less risk tolerant
(b) a hustle - if you are more risk tolerant

Work at it for a few years and save up 50k-100k

Once you have 50k-100k, start investing it wisely.
>this is where luck/skill come into play
>you need to multiply what you save

basically
>work
>save up 50-100k
>invest 50-100k
>keep working until your investment income surpasses your work income

pay off as much of your debt as you can, as fast as you can, without impeding your ability to make more $