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/biz/ - Business & Finance

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56143486 No.56143486 [Reply] [Original]

>a million dollars in debt? NOOOOOOOOO YOU CAN'T FILE FOR BANKRUPTCY LIKE I DID! YOU HAVE TO WORK 10 JOBS AND EAT OUT OF THE DUMPSTER EVERYDAY!

>> No.56143521

>>56143486
my boomer accounting teacher back in high school shows us videos of this jew.

>> No.56143581

>>56143486
>jews and the old testament are le heckin based
>don't buy gold or silver, only real estate

>> No.56143602

>>56143486
Look, basically I'm just not paying my debts...I know...UGH I know..I'm sorry!!!!!! It's just that I'm not paying them is all. HAHAHAHAHAH

>> No.56144430

>>56143581
The Old Testament is based. It allows polygamy!

>> No.56144448

>>56144430
Read the 1st and 2nd Kings. How could the jews fuck up so badly that God literally disowned them???

>> No.56144453
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56144453

>>56143581
>Gold and silver
Probably the worst return of any "investment" out there. Imagine buying that dog shit when KO exists.

>> No.56144542

>>56143486
>credit cards are le bad even if you pay them in full every month
>BECAUSE THEY JUST ARE OKAY??

>> No.56144560

>>56143581
HIs company is literally a cult. Read about how insane this guy is on glassdoor.

>> No.56144568

>>56143486
B E T T E R
T H A N
I
D E S E R V E

>> No.56144570

>>56144542
>Credit is bad, just buy real estate with cash. From an envelope. If you have $2500? That's $2500 of prime real estate. Make sure to keep the envelope.

>> No.56144629
File: 53 KB, 1280x720, boomermoneyguy.jpg [View same] [iqdb] [saucenao] [google]
56144629

Beans n rice, nigga.... beans n rice....

>> No.56144954

>>56143521
He is not a jew but is he? A jew?

>> No.56144985

>>56144954
His last name sounds pretty jewish to me.

>> No.56145017

>>56144542
>>56144570
How does he expect people to survive in America without a credit score? Is he fucking retarded? Who the hell pays outright for a fucking house? You need to finance that shit.

>> No.56145022

>>56144985
Ramsey is Scottish, however David is pretty blurry.

>> No.56145067

DEEZ NIGGAS EATEN BEENZ

>> No.56145156

>>56145017
>Who the hell pays outright for a fucking house?
surely not broke niggas like you

here's the only financial advice you really need, and I cant believe you guys need a bald boomer to spell it out for you: if you line by line eliminate or reduce everything you spend money on every month you will start saving a lot of fucking money. and you can use that money to elimate or reduce even more monthly expenditures. and that dynamic can persist and grow to fit a family, a nicer lifestyle and the pursuit of your dreams over time. it just takes 5-10 years to get the ball rolling where you have to yeah, suffer a pretty bare-bones lifestyle and stay away from the casinos.

>> No.56145214
File: 20 KB, 220x220, Giorgio_Moroder_From_Here_To_Eternity.jpg [View same] [iqdb] [saucenao] [google]
56145214

>>56143486
>Buy a bunch of gold and silver with credit
>bury it
>declare bankruptcy
>repeat ad nauseum
Infinite money

>> No.56145638

>>56144560
I can't find his company on there. What do you search to find it?

>> No.56145650

>>56144560
Nevermind, spelled Ramsey wrong.

>> No.56145676

>>56145017
He doesn't expect the average person to avoid a mortgage, retard
Keep kicking that strawmans ass though

>> No.56145691

>>56145676
>DID YOU JUST HECKIN STRAWMAN GOALPOST GASLIGHT ME IN A SHITPOST THREAD?

>> No.56146178

>>56145676
That said, spending only 1/4 your take home on a 15-year mortgage payment is freaking impossible

>> No.56146194

>>56145691
At least attack the actual unrealistic shit he does say, like >>56146178

>> No.56146203

>>56145638
>>56145650
>>56144560
So? What did you find?

>> No.56146205

>>56145691
Fucking hell this got me.

>> No.56146270

>>56143486
Why does this fag make me wanna beat the fuck out of boomers? Is that the psyop? They want us to fuck up our parents?

>> No.56147126

>>56145676
>le heckin strawman
I've only seen a couple of his clips and memes from YouTube and this board, so I thought he would be against taking out a large loan for a house. Mind you, this is probably the biggest investment you will make in your life...

>> No.56147133

>>56145156
Almost everyone doesn't pay for their house outright, bitch. But yeah, you're right. Eliminating debt will help you save money. Do you really need fucking Dave Ramsey to tell you that? What's next, you're going to tell me we're actually orbiting the sun, and not vice-versa?

>> No.56147191
File: 1.25 MB, 1080x1130, 1682562038865412.png [View same] [iqdb] [saucenao] [google]
56147191

>pay off your 2% $5000 debt before your 21% $10000 debt
Why is he like this?

>> No.56147232

>>56147191
Because when you're such a moron getting yourself into $200,000 of consumer debt before getting a $600,000 mortgage, you need the basic primate brain to get rewarded to keep momentum. Pay off the $400 credit card, primate brain likes this. Pay off the $5000 debt, primate brain likes, then tack the $10k one.

His advice is for actual idiots, not rational people because rational people wouldn't just go a million into debt on their $60k salary.

>> No.56147297

>>56143486

Why would you want to declare bankruptcy? Lmao. Young people who have never had to deal with it seem to think it's a get-out-of-jail free card but it's not. When you file a bankruptcy court takes control of your estate and has the authority liquidate any assets you may have in order to make your creditors whole and pay off debt. They can even take your house, although how much of your equity in a primary residence they're allowed to take varies by state. A couple like Texas allow you to claim 100% of your primary residence, but the vast majority only allow you to claim up to like $10-20k for a homestead exemption. That means if you have $100k in equity in your home, the bankruptcy court will sell it and give you $20k then the other $80k goes to your creditors to help make them whole. And now you got to rent or figure out some other living situation. A handful of states (PA, MD, DE, and NJ) have no homestead exemption and a bankruptcy court can force the sale of your home and $0 of the equity comes back to you.

Bankruptcy is something that should be avoided at all costs because it's a fucking nightmare and will wreck you financially. It's not "Oh I'll just file and have all my debt forgiven without having to sell anything I own" it doesn't work like that. If you have any income or non-protected assets to help pay back what you owe, the bankruptcy court will make sure that happens.

>> No.56147330

>>56147297
people who want to declare bankruptcy don't have any assets and live paycheck to paycheck dummy

>> No.56147360

>>56144430
old testament is the most demonic shit i've ever read. Only Satan himself could come up with something so evil and degenerate. Which was exactly the case : YHWH = Satan.

I never understood the psyops consisting of adding the old testament (evil) to the New Testament (goodness), this is ultra schizophrenic to read one after the other and believe the same God is behind both.

>> No.56147426

>>56147330

For some people it's literally their only option, but like I said it should be avoided at all costs if you can. Many of those people living paycheck to paycheck could cut the fat in their budget, work extra hours/jobs, and pay off the debt if they really were determined to.