/biz/ - Business & Finance

[Anonymous No.54486861]

Why do people fall for the debt meme?

[Anonymous No.54486875]

>>54486861
Heard it all time
>go for your dream job
>follow your dream
>follow your passion
kek now I see childless women with meme degrees everywhere

[Anonymous No.54486879]

Cargo cult of everyone around them telling them to do what they were told to tell their kids, not realizing that every situation is different and that the ground beneath one's feet is in constant flux, same as it always has been.

[Anonymous No.54486927]

>>54486861
lmao are you a virgin? You only get one shot at The College Experience(tm). If you don't sign a six-figure loan for the opportunity to fuck expensive art hoes in the dorm of an expensive private liberal arts college, you're basically a faggot if not an outright incel. Stay jealous chud, I may be in massive debt, but once debt forgiveness comes around for us, I'll have money AND the eternal memories of endless prime college girl pussy.

[Anonymous No.54486938]

>>54486861
So sick of these retards lying about their student loans. Post interest rate

[Anonymous No.54486944]

>>54486927
Not gonna happen jack. You took out a loan, we need that money for ukraine, Israel and to pay for trannies HRT

[Anonymous No.54486947]

>>54486861
I bet he did a degree in human studies or some shit

[Anonymous No.54486952]

why haven't you taken the DEBTMAXXX pill? want to own a house? easy. just apply for a mortgage. want a new car? you're qualified, just go to a $0 down, buy here pay here lot. need a new phone? finance it. student loans? just stop paying them and let them garnish your wages, they can't garnish >25%. owe money on your debt? just get a new credit card and do a balance transfer. if corporations can perpetually refinance billions in debt, why can't you? really, if you aren't living the DEBTMAXXX lifestyle you aren't living. it's simply a matter of showing up, speaking with the loan officer, looking him in the eye, giving him a firm handshake, and telling him that you want MORE DEBT.

>ALL BANKS AND CREDITORS KNOW YOU BY NAME FEARED YET RESPECTED BY LOAN OFFICERS
>DEBT COLLECTORS BLOCKED IN PHONE STILL SCREEN EVERY CALL TO VOICEMAIL
>NEVER ANSWER THE DOOR (CAN'T GET SERVED DEBT PAPERS)
>DEBT TO INCOME RATIO >100% BUT STILL GETTING NEW LOANS
>ONE MISSED PAYCHECK FROM UTTER FINANCIAL RUIN
>LEASED LUXURY CAR WITH NEGATIVE EQUITY TRADE IN
>HOUSE 6X YOUR SALARY ON 40 YEAR ARM MORTGAGE
>STARBUCKS & RESTAURANTS EVERY DAY
>NEW IPHONE EVERY 6 MONTHS ON A 24 MONTH PAYMENT PLAN (NEGATIVE EQUITY)
>ALL SUBSCRIPTION ENTERTAINMENT SERVICES
>8 CREDIT CARDS, ALL MAXXXED OUT
>STRATEGIC BANKRUPTCY EVERY 6 YEARS

[Anonymous No.54486959]

because theoretically it isn't a bad idea (borrow a lump sum for a venture to further your future and be a more productive member of society), but with ridiculous interest rates that front load the contract, in practice it becomes obvious decadent usury (judaism)

[Anonymous No.54486962]

>>54486861
I think you can ask them to put your payments directly on your principal. This way you can control the interest accrued, if only by a slight amount.

[Anonymous No.54487011]

>>54486861
>How the fuck was this ever legal
Because you wanted the degree so badly, you voted for it to be legal. You wanted to "chase your dreams" no matter the cost, and you told the cooler heads to fuck off. Now shut up, enjoy your degree and pay what you owe.

[Anonymous No.54487017]

>>54486861
He was a retarded 19 year old teen going with the flow when he signed the contract to sell his soul to the kike devils.

[Anonymous No.54487036]

>>54486952
I hab thought about this too. I was eligible for 500.000 € in credits, why wouldn’t I take a big fat loan, buy crypto and declare bankruptcy? Three years later all debt is wiped off, meanwhile I get neetbux they can’t touch. Rinse and repeat. Do any of you make 500 k in 3 years? Net, not taxed?

[Anonymous No.54487047]

>>54486952
Bankruptcy means you lose your fucking house/vehicle retard
Also in most states they can garnish your wages for unpaid debt

[Anonymous No.54487094]

>>54486938
Interest rates have been at zero for over 2 years now anyway so I know they’re full of it.

[Anonymous No.54487115]

>>54486861
How do these debtors cope everyday knowing if they quit working or lose their job they're absolutely fucked?

[Anonymous No.54487120]

>>54486927
you don't have to go in debt to fuck.

[Anonymous No.54487137]

>>54487047
>Bankruptcy means you lose your fucking house/vehicle retard
Wrong. Look up the differences between Chapter 7, 11, and 13 bankruptcy.

[Anonymous No.54487139]

>>54486861 Paul could not do compound intrest.

[Anonymous No.54487148]

>>54487120
You got your dick sucked a couple times over spring break from basic 6's at your mediocre and cheap state college in between having to live at your parent's home. I got to have polyamorous sex with dozens of intelligent girls willing to experiment in more ways than one in a beautiful cabin-dormitory in the woods of the PNW surrounded by nature and good vibes. Debt is just a number, I don't give a fuck.

[Anonymous No.54487159]

>>54487148
let me clarify - you don't have to go in debt to fuck ivy league hoes.

[Anonymous No.54487165]

>>54487120
Some do. Maybe you don't or some trust fund kid that has adult daycare setup for him until he is 40+.
I can't even remember all the times i missed out on opportunities over small sums of cash.
Be it a missed out seaside music festival with friends because of like 500 euros, or a week of hot chocolate and fucking in the mountains cottage during winter with ex gf, or even local stuff like not spending 100 euros on scalper prices for concert tickets...
Sometimes its like that.

[Anonymous No.54487172]

>>54487148
>Debt is just a number
Not really. Debt decreases quality of life due to work stress and psychological trauma. Nothing in life is free and debt isn’t just a number. You pay for it with your blood, your life essence.

[Anonymous No.54487198]

>>54486861
>120k in debt
>pays for blue checkmark
kikes are right... they truly are cattle

[Anonymous No.54487199]

>>54486927
im 33 year old black male. no college degree. go to college campuses though and fuck prime college pussy all the time. mostly white girls because theyre just easy.

[Anonymous No.54487201]

>>54487159
Maybe if you're a poorfag. My EFC was too high to get a free ride.
>>54487199
SALUTE, brother!

[Anonymous No.54487207]

>>54486952
You are missing one very important thing in this plan. Peace of mind of financial freedom - let me explain. In you plan you have to think about your debt and how to scheme all the time. You have to devote brain cycles to your plan and cannot be "free". If you have no debt, own your house, have not cc debt, and owe nobody, you are free. Being free from debt is the best feeling in life - you owe NOBODY. You will never get this feeling in life following the debtmaxxx plan. You will think of a witty response to this message like "Jew hands typed this" or similar, but it's not true. No interest, no transfers of debt, no worry about being served debt papers, no worry about maxing out credit cards and being denied - just pure financial freedom. I laugh at those who think debtmaxxx is a lifestyle worth living. I laugh at those who have to plan and execute a bankruptcy. You live a miserable life and you know it deep down which feels even worse than most things you can encounter on this earth. Life is many times better when you don't owe anybody anything. Cope harder.

[Anonymous No.54487223]

>>54486861
i didnt pay a penny for my university degree then didnt do anything with it kek

[Anonymous No.54487516]

>>54486861
>how was this legal
>not how was i so stupid
People needing every decision taken from them because they cant live with the consequences of their own actions are the reason we live in this dystopian nightmare

Also im pretty sure he paused payment for some years so he had to pay the acrued interest first

[Anonymous No.54487554]

>>54486927
>500k in debt. Hey atleast i got some roastie pussy
How about dont take the debt and fuck some hookers for 2k?

[Anonymous No.54487620]

>>54487207
I would unironically have more peace of mind if I had 100k in student loans for grad school sitting in a high APY account. You could even be a degenerate and stick it in robinhood, since they offer 4.4% now on uninvested cash. Let's say 7000 a year APR and 4400 a year in APY. Work remote as a customer service faggot or something to get extra cash. Live the Graduate School Remote experience, where you live in fucking Tokyo and nail jap OL chicks for 5 years. That's my dream.

[Anonymous No.54487627]

>>54487223
What can you do with a degree that's useless anyway?
>Engineering degree makes you an engineer
>Architecture degree makes you an architect
>pre-med puts you into medical school
>Politics makes you ???
>English makes you ???
>Art makes you ???
Useless degrees shouldn't exist, or should be banished to specific private schools. Let the rich people gloat about their specific, useless degree.

[Anonymous No.54487641]

I thought honkaloids were high IQ
Seems like every other race apart from niggers and honkaloids could figure this Jewish shit out

[Anonymous No.54487714]

>>54487207
Based

[Anonymous No.54488467]

>>54486861
>how was this legal
>i entered into a specific contract for an unsecured loan and am now indignant at the repercussions of my actions, which were laid out to me in ink for me to sign

[Anonymous No.54488516]

>>54486938
$120k @ 7% for 20 years would yield $930/month payment. after 2 years he would have paid the $120k balance down to $100k. if he had several hardship periods (generally 6 months each), it's not unreasonable to have only repaid $2k.

[Anonymous No.54488517]

>>54488467
why are medicated teenagers being given subprime loans in the first place

[Anonymous No.54488539]

>>54487627
it was an engineering degree

[Anonymous No.54488581]

>>54486861
Total white collar annihilation

[Anonymous No.54488607]

>>54488539
Oh well then kek.

[Anonymous No.54488635]

>>54486861
>120k debt for undergrad
If you spent that much on undergrad you better be making at least 300k a year otherwise you're a fucking moron that deserves this hell.
>All that money on college and doesn't understand paying the principle early

[Anonymous No.54488652]

>>54486861
meanwhile in scandinavia education is free and you can take out student loans at 1% interest rates + you actually get money for free to study

[Anonymous No.54488808]

The alternative is to be a faggot tradie though

[Anonymous No.54488848]

It's legal because you fucking idiots actually bought the lie that schools/the government are your friend and that you should do literally anything they tell you like "go to college at any cost"

[Anonymous No.54488859]

>>54488848

And I promise the basedboy in the OP would take one look at my post here, scratch his head, go "no that can't be it" and go back to whining about Jeff Bezos or something

[Anonymous No.54488867]

>Get an unsecured student loan from a bank for $100k
>Get pay it back
>They stopped calling 7 years later

[Anonymous No.54488958]

>>54487627
>>Politics makes you ???
>>English makes you ???
>>Art makes you ???
All of that shit could get you into a grad scheme at an accounting firm, or an internship at a financial institution. What you study more or less doesn't matter at all, its having a degree at all that matters, preferably from somewhere prestigious

[Anonymous No.54489008]

>>54488958
>art can make you an accountant
Is that what you did, or are you just fucking retarded?
>having a degree is all that matters
Oh you're just an actual boomer. Here's how it actually works dipshit- your parents are rich, you get the cushy job. Your parents aren't rich, you just wasted money on a worthless piece of paper. No one cares about your hopium and copium about how people need to "do something harder" and turn an art degree into a big four accounting firm job that makes 200k a year, because that's not how it works at all.

[Anonymous No.54490008]

>>54487148
>intelligent girls

[Anonymous No.54490593]

>>54488867
Does it affect your credit score if you take too long to pay it?
What about your mortgage application

[Anonymous No.54490658]

>>54487199
>im 33 year old black male. no college degree. go to college campuses though and fuck prime college pussy all the time. mostly white girls because theyre just easy.

[Anonymous No.54490715]

>>54486927
For 4 years and then it's over for everyone. This type of person wants to be like murdoch or epstein, at least 60+ years old going after the 18 and younger. Some like them 15, some like them 9, some like them even younger.

[Anonymous No.54490827]

>>54487036
A loan of 500 euros is not that much anon even if you specified it up to the third decimal

[Anonymous No.54490866]

>>54486861
This is absolutely insane to me, but nobody under the age of 30 should be in insane amounts of student debt. I'm 27 and by the time I was a junior in high school, the student debt bubble had already been shown to the general public and everybody had essentially been told the truth that it really doesn't matter where you go for undergrad so long as you graduate with above a 3.8. I pity the older millennials who are in their late 30s who fell for the prestige undergrad meme, but nobody born after 1994 has any excuse to be in more than 25k of student debt.

[Anonymous No.54490937]

>>54487148
this is such a funny larp

[Anonymous No.54490958]

>>54486861
why do people not think of the job potential of X degree? Or start working and saving money before taking debt to learn something?

[Anonymous No.54491078]

I'm rich.
I have my cost of living covered. I live in a two story house, I spend $15 almost every day on cigarettes and snacks. I have 5k savings and no matter how much I spend I always get the money back somehow.
I also have a wife and kid, give her allowance and she doesn't work either.

[Anonymous No.54491124]

>>54490866
>3.8
Lmao
You need 3.0 at best with a business degree which gets you a job paying 65k+ right out of college with yearly promotions thereafter
Source: I did it

[Anonymous No.54491195]

>>54486861
It's pretty ridiculous.

How much would the average 11,14,16,17,18 year old usually be judged be to capable of handling responsibly finance wise. Hundred bucks, Couple of hundred. Couple of thousand absolute maximum.

Then the gooberment via schools suggests they should jump direct to 50-100k just
>because

Even with stem degrees, the jobs are definitely not there in those quantities, complexities or salaries.

I'm not against the idea of paying for additional training but even then with stem degrees there's the above to consider and that the courses no longer grade or represent pure science work etc, it's based on numerous presentations and soft skill type coursework that can be used to level grading.

As an example, I scored over 90% on one computer based exam yet my coursework went for approximately 70 in the first year, while we were applying for placement, down to an average of 60 or so. There were people on course not even handing work in scoring 60. And others with next to zero idea about what they were doing scoring 50. I managed to fail one module, quite remarkably, as it involved inhaled drug formulation and happened to have worked in the inhalation department of the largest pharmaceutical company on the planet where those drugs were originally discovered; the chief science officer for the UK worked in the same department at the same time. Grade, ~28%? Lol

One of the lecturer actually got into an argument with someone who works at the company telling them how they didn't know what they were talking about, without realising the person actually works I'm giant pharma r&d department for reals.

May as well just be making the shit up at this point. And this is with quantative science based degrees.

[Anonymous No.54491219]

>>54491195
>it's based on numerous presentations and soft skill type coursework that can be used to level grading.
This was even echoed by the guy who took over running the global r&d arm
>serious lack of actual hands on lab skills

Yeah. It's because if they actually graded it that way, the unis would have to shed a large number of their cash cow students.

The lack of very, very basic science awareness even quantative degrees now is crazy. E.g. people with degrees in molecular identification and quantification who can't work out that a yield of 900% is a bit suspicious; I.e. they've weighed a sample bottle with the cap off and then on afterwards, and can't figure that out.

[Anonymous No.54491358]

>>54486861
> Looks at car and house payments
I dunno man I guess people are just idiots

Don't go to the most prestigious and expensive college unless you're getting a full ride, or the payout is worth it I guess?
Look for internships and try to jump on scholarship opportunities.
Make sure the school is accredited.
Consider a trade school and build up cash so you don't need to take that large of a loan or one at all.
Don't listen to your friends when they give you a crazy business idea and want you to drop out for it?

You know that being said, a lot of the drop outs I know actually ended up making more than me, but that's because they were such tech nerds that they got it through their skills. God knows how they got the contacts though, because they were socially awkward.
I guess that's a lesson that if you're an obsessive computer recluse then there are headhunters out there who want you, just prove you can bathe and aren't completely obnoxious to be around, or at least that hiring you is worth that cost.
Meant as encouragement, I respect those guys a lot.

[Anonymous No.54491487]

>>54486861
>sign a paper saying you will pay $1k/month for 20 years in exchange for a degree
>get degree
>"OMG I have to pay $1k/month for 20 years how is this legal?"
This is the story of every single college graduate on Twitter. How is it that the "educated" can't understand something as simple as a loan agreement?

[Anonymous No.54491636]

>>54487627
Useless degrees should exist. But the people that get said degrees should have no expectation of a financial return. Not only that, but loans for people taking on those degrees should have higher interest rates or require collateral.

[Anonymous No.54491708]

I only have $6k in student loans since I'm not a retard and did my first 2 years at a community college for pretty much free.
And I've had that $6k for about 5 years and haven't paid back a cent yet, and probably never will.

[Anonymous No.54491772]

>>54486861
Insecurity

[Anonymous No.54491796]

>>54486861
They don't realize how much things are costing them until sunk cost fallacy comes along and finishes them off.

[Anonymous No.54491920]

>>54486952
True aristocrat speaking.

[Anonymous No.54492007]

>>54486861

Even at 18 years old I can't imagine being retarded enough to think racking up six figures of debt for an undergrad degree was wise move. He had to have gone out of state or to a private university too, both of which are idiotic if you don't have a full ride or mommy and daddy aren't paying. If you're having to go in debt for it, go the cheapest route possible and stick with a program in state.

[Anonymous No.54492052]

>>54486861
Debt is not inherently bad based on what you do with it. If you go for a meme degree or get debt from a car you can’t afford then you’re a moron, if you actually use that debt for something fruitful such as starting a business or learning skills/getting a degree thats actually useful then it can be a boon.
>>54490866
Honestly it doesn’t even need to be that high. Get something business/finance related or get some extra experience under your belt and grades mean fuck all so long as you pass. A lot of unis and colleges are just blatant ripoffs too, but thats a whole different discussion.
>>54491124
Based.
t. About to start as an accounting clerk while getting muh degree online
>>54492007
From what I’ve seen a lot of people genuinely put almost no thought into that kind of shit even still. They fall into the trap Hollywood set up for them. Sad but many such cases.

[Anonymous No.54492070]

>>54487207
>gets ethnical cleansed from his precious property

Sorry goy.

[Anonymous No.54492075]

>>54486861
How else will their good goy score increase?

[Anonymous No.54492094]

>>54491195
When I was 17 I knew id never lend money from a Jew.

[Anonymous No.54492111]

>>54486952
only in the USA you can do this kind of shit , in europe you cant get a loan rate higher than 50% of your salary and the moment you stop paying they get back everything

[Anonymous No.54492139]

>>54492094

This lol. It's just shitty upbringing, my parents were very frugal and literally never borrowed money except for a mortgage which they paid off in less than 10 years. Always bought used cars in cash, etc. Consequently I never even considered taking out loans when I went to college.

[Anonymous No.54492196]

>>54492052
>About to start as an accounting clerk while getting muh degree online
Nice
Some of the autists in this thread are so dumb trying to compete with pajeets in coding jobs that are just gonna get automated cause they fell for the coding meme. I do half the work they do but make twice as much

[Anonymous No.54492339]

>>54486861
Just don't study something completely useless, lmao. I'm studying physics and half the people in my field at my university ends up doing a PhD.

[Anonymous No.54492585]

>>54492196
Best part is I negotiated a higher starting salary too, and its an actual job instead of some intern shit. Honestly I don’t get the obsession with CS, if SVB is any indication they’re gonna get bogged just like in the Dot Com burst within a few years tops, nevermind all the H1B shit.

[Anonymous No.54492612]

>>54486927
You dont need to go to the college to get the experience. The library in a public college campus is free to walk into, you can walk freely amoung campus hangouts, no one is checking IDs, classes don't take attendance you can just sit in on a class. You can work at the fast food places everyone goes to to meet students, or set up a free "cultural" event "in the quad" or common space with free pizza, congratulations you've met every needy freshman willing to give pussy for breadsticks. Also going to college does not magically give you social skills, if your high school life was shit, changing to a more stressful school will not be better.

[Anonymous No.54492651]

>>54486861
> 120k
Wut? Wtf are these guys even studying? I studied Engineering at my State college and I took a loan of $15k, back in 2015.

[Anonymous No.54492653]

>>54486927
>getting yourself in debt for degeneracy
Pathetic faggot kek

[Anonymous No.54492688]

>>54492585
Yeah for real. The good thing about business is it's always hiring and there's a million different jobs you can work at a million different companies doing the same thing. A little promotion here, a new job that's 10k more there, before you know it you're making well into 6 figures. I always like to laugh at the mentality of college students who made fun of biz students for having it easy. Like you'd think they would get a clue and stop slaving to be an engineer or doctor with zero social life, no guarantee of a good job, and mountains of debt.

[Anonymous No.54492736]

>>54492651

Out of state tuition is nearly 3x on average what in state tuition costs, and since college for most people is about the "college experience," they prioritize getting as far away from mommy and daddy over getting a quality education at the lowest possible price. High school grads have dream schools, but don't realize that nobody in the workforce really gives two shits about where you went to school. As long as it's an accredited institution, that's all that matters.

Private universities on average are closer to 4x the cost of tuition at an in-state public school.

You can also use student loans to make a lot of extraneous purchases and call them education expenses. ie. Buying a $2k MacBook to take notes in class when a $300 laptop would get the job done just as well.

[Anonymous No.54492800]

>>54491219
>who can't work out that a yield of 900% is a bit suspicious
the greatest example i saw was someone defending a phd wherein creating solar cells which generated 1000% of theoretical yield, student could give no explanation of mechanism why this happened, it just did and i measured it so
none of the profs in the jury questioned it

need i mention it was a muslim girl in full battledress doing this or can it be assumed at this point
in short even stem is totally fucked right now, might as well go be a professional youtuber right now, thats what i told my 18 yo nephew go learn ai prompts more valuable money generating skill than anything universities offer

[Anonymous No.54492841]

>>54492736
So basically these retards are just wasting money by making shitty decisions?

[Anonymous No.54492871]

>>54486927
Sometimes I wonder if this is shitposting or not, I'm just going to continue thinking that it is.

[Anonymous No.54492893]

>>54492841
Yea.

People get pets they can’t afford, complain about food costs despite spending $500 a month on beer and cigarettes, max out their credit cards on dragon dildos etc.


Welcome to the lowest common denominator

[Anonymous No.54492926]

>>54488848
>It's legal because you fucking idiots actually bought the lie that schools/the government are your friend

Yeah, because schools beating that shit into your head in your formative years definitely isn't wrong or immoral or anything. Why do you dumb fucks always forget about that part?

[Anonymous No.54492940]

>>54492688
What gets me is that there’s only so many STEM jobs out there, and given the nature of the field you are always going to be competing with either the hyper autists who have been doing that kind of thing since they were in diapers, or the ones who schmoozed their way in with connections. Biology for example is interesting, but if you’re not going to be going the medicine route then you’re competing with a shitton of other applicants for scraps, and statistically there’s millions of basic bio degree holders out there and its increasing. I myself entertained getting into tech shit as a career change a few years back, but I could also tell that it was yet another bubble just waiting to burst that’ll fuck over many within who are only good at the hard skills it requires and none of the softer stuff, aside from the virtue signallers I guess. And sure enough thats exactly whats happening. Now I’m just under 24 and got a pretty good thing going on. Oh well, more room for me I suppose.
>>54492841
Thats exactly what it is. Which to be fair back in the 90’s/early 2000’s could be excused a little. But this late in the game with decades of people showing what not to do with that thing, there’s little excuse left to fuck yourself over that badly. Willful ignorance only goes so far.

[Anonymous No.54492958]

>>54486861
The real question is why are liberals so bad with math? Why do they believe this stuff?

[Anonymous No.54492976]

>>54492651
Lol right? What a bunch of retarded chuds. I went to a good state school(Stony Brook) and graduated with zero debt just from working full time while going to school.

[Anonymous No.54492990]

>>54486927
>prime college girl pussy.
anything older than 12 is a used up old hag

[Anonymous No.54492996]

>>54486861
>how the fuck was this ever legal?

Stupidity hasn't yet been criminalized.

[Anonymous No.54493019]

>>54486861
>why do people fall for fake images
>why do people browse reddit
>why the fuck are redditors here

[Anonymous No.54493159]

>>54492990
12 seems so old now

[Anonymous No.54493869]

>>54486927
Thats absolutely dope anon. Im happy for you and hope that student loan forgiveness comes true. I had a similar experience, only difference being that i got a full scholarship