if you really want to attack the bankers, start using cash instead of debit cards. the bank makes $0.75 off every transaction. so if i spent $75 with a debit card the amount of money in remaining in circulation is $74.25. then the shop i spent it at uses his debit card to buy something with the $74.25 he has from me once again the bank gets $0.75 bringing the amount in circulation down to $73.50. if this is repeated 98 more times the bank has the entire $75 that i originally spent. use cash and the banks only not make money but have to handle the cash also
>Ask price of product >I'll buy it for 1/4 of the price >Supermarket stall says no >I'll come back when I have the money >Never go back >Buy it online for 1/10th of the price.
This. Just save money. No need to worry about investing or whatever until you have enough for it to matter. To blunt inflation, put it in a high-yield savings account.
I less have a problem with debt and moreso have a problem that young impressionable people are being duped into taking lifelong debts by their peers. Some kid who's been propagandized into taking on student debts is not the perpetrator, they are the victim of usurers.
The entire mortgage industry is systemic usury. The average person is duped into participating in if they want to have a house and it effects each and every one of us. A person taking on debt is not the perpetrator but they do become participants in the system of usury that drives up prices for every single thing purchasable by anyone who uses money. You have no other options, you either participate in the worldwide usury system or you die.
You should really be blaming the government and banking cartels for enforcing this paradigm of nationwide debt-slavery by predatory usurers.
>Saving
Now I know you're just a troll, because of inflation saving money is shooting yourself in the foot. 10 dollars saved today is worth 5 dollars next year ad infinitum due to the inflation caused by usurers.
Exactly and inflation is also reducing the value of debt at the same time. Debt for value added skills training is the best deal right now. Whatever the economy will be after the correction, skills will be the demand.
>Debt for value added skills training is the best deal right now. Whatever the economy will be after the correction, skills will be the demand.
While that's certainly a good idea, there's no guarantee that this "correction" will ever happen when money can be printed. I wouldn't take on any kind of debt for an education.
Thats the points, its a win win. If they keep printing, the edbt evaporates and my skills will keep up with the higher bracketof pay in the flationary market. If it corrects and collapses, I can still maintain at least a mid tier backet living in skills based value generation.
4 weeks ago
Anonymous
>bracketof pay in the flationary market.
As long as your skills are paying skills and you aren't being memed into getting a feminist dance literature degree. That line of thinking is assuming I'm not blacklisted and would actually be able to use my degree to improve the country and wouldn't just end up in some government work program for nepotism babies of phony degrees.
4 weeks ago
Anonymous
The trick is not to over specialize. You can specialize partially but do so in a way that develops side skills that are applicable in other fields. You want a portfolio of skills that can be applied to various markets and problems that people want solved. Toolbox/toolset thinking. Adaptable toolsets and constantly updating those toolsets is the most important aspect of securing oppurtinities as they arise.
4 weeks ago
Anonymous
That's a great idea but I was an outspoken critic of the government imposed shutdowns during the covid19 hoax and the nefarious injections associated with that dilemma. I'm chopped liver around these parts, blacklisted. Can't get a job doing entry level labor let alone skilled labor. Not that I would want to contribute to this economy of usury anyways. For others that would be a great idea, for me I would be going into debt to get skills I'll never be able to use.
4 weeks ago
Anonymous
I didn't vax or get tested or wear masks despite mandates and I even got promoted despite that. I don't use social media so I wasn't poking the bear in a way that had easy evidence. I just ignored their directives and emails and in the end my supervisor stopped wearing the mask himself because when challenged I just said that Trudeau was seen maskless in a bar with 30 people in Europe. Do you think this is serious? He just looked embarrassed and the whole thing stopped in my deptartment.
Depending on your line of work, you might want to look for a job somewhere else in Canada and scrub your social media presence. RealID social media is retarded unless you are directly selling something with your identity as part of the branding. Anything else is just asking to be attacked by the managerial class and serves no benefit you could not get by posting under a pseudonym or anonymously.
Without more info I am not sure how to help you.
4 weeks ago
Anonymous
>the managerial class
I was a member of said class, my entire family and social network is because it's nepotism based. They have it out for me. I must be made an example of for others who might come forward and reveal their gross moral failings. I could send you my resume.
4 weeks ago
Anonymous
>Checked
If you have manegerial skills and are not retarded you have lots of oppurtinity. Plenty of small business in desperate need of competant management. Reframe and convert.
>10 dollars saved today is worth 5 dollars next year
It's more like 10 dollars saved this year in a high-yield savings account is 9.50 next year, which is better than the stupid shit you would have bought with it this year.
Your first step is not to try to beat inflation on your ten bucks, it's to cultivate the habit of saving money - cutting expenses, etc. Once you have cash going regularly into your account and you have enough for it to matter you can worry about better places to put it.
yeah dude just save put it into a savings account as an 18 year old and literally only work. after 5-10 years you might have 50,000 saved to put into a down payment as a 28 year old who has no friends, never traveled or had hobbies but you aren’t homeless and at least your monthly payment on your starter home is only 1900 a month. *tear* the american dream.
ok, be a retard in debt and with nothing except brain damage and hazy memories of that time you went to Hawaii got high and stared at the water from your 21st-floor hotel window while posting on LULZ. much better than $50K in the bank.
>literally only work
no one said that.
4 weeks ago
Anonymous
time in hawaii? are we talking about millionaires? or do you actually think you can afford hobbies outside of basketball and save money!? lol
4 weeks ago
Anonymous
It's 12:55 here on neetisland I'm gonna go cut some grass
4 weeks ago
Anonymous
>literally only work
>no one said that.
true no one every want to say it but you are delusional if you think wagies can save money while paying rent and operating a household if they have any money spent on entertainment of any kind or convenience services or any services in general really. So yeah if 18 year old wants to actually have 50k at 28 they better get used to overtime, ramen and loneliness.
>The entire mortgage industry is systemic usury. The average person is duped into participating in if they want to have a house and it effects each and every one of us.
Absolutely correct.
If your mortgage term is longer than the reciprocal of your rate (Ex, 5% interest/20 year term), you're paying more than half of each minimum payment just toward interest.
The ~~*bankers*~~ expect you to sell/refinance prior to halfway through the term when you've only paid down ~25% or less of the principal, and then the game restarts until you die.
That's the game most boomers have chosen to play, except on steroids when they also 'own' multiple rental properties that they also pay interest on.
The entitled 'landlord' is feels forced to have the rent exceed his monthly payment, driving up costs to an incredible amount.
Also, stupid people will buy homes at extreme prices where they can just barely make the monthly payments.
If mortgages were limited to 10 year terms (or even 5/ or 7 years), home prices would necessarily fall as buyers simply couldn't afford payments at current income/interest rates.
And all this shit started with the 'New Deal'. Before that home loans were 3-5 years tops.
Not specifically the government, but the way they bail out the money lenders any time they make a bad loan, thus making loaning money a 0 risk investment.
Corporations are definitely a problem, their legal immunity as "persons" means that the decision makers of the corporations have no accountability and thus no incentive to follow laws. Also, they don't have to make wise business decisions because any time they pursue a failing business model or put forward a product that nobody buys, the government bails them out from having to suffer the consequences i.e. bankruptcy. Again, 0 risk investment for me but not for thee.
the problem with the saving for it meme is the price of whatever you wanted also increases at the rate of inflation. the best solution is to literally only work and eat processed ramen 7 days a week. no hobbies, no traveling, no restaurants, no subscriptions and 100% under any circumstances no dating. *tear* the american dream.
>just never own anything ever
Lmao you retards realize you’re born into this system, right? Fight against it, by all means. But if you do, you’ll never own anything ever. >but I can buy muh 1999 civic for 4k! I can save that in three months!
Yes but nagger I am of course talking about real estate or business, or a car that isn’t a piece of shit.
If you’re fine with renting your entire life, then by all means, never take on debt.
By the time you save up 250k to buy the shitass starter home you wanted, that shitass starter home now costs 375k.
And good luck finding a nice house in a good area by trying to pay it in cash you saved from waging. You would have to win the lottery, and there’s nothing more retarded and naggerish than playing the lottery (even taking on debt).
>good luck finding a nice house in a good area by trying to pay it in cash
Very few wagies expect to save enough to pay for their house cash. A mortgage is usually outside of the save meme. But what you can do is be smart about what you buy and continue to save once you have a place to call your own.
>A mortgage is usually outside of the save meme
Okay I can get on board with it then.
I also have a car note. But four days ago I totaled it. I have full coverage. The rest of my car note is getting paid off, and I’m getting current market value for my Tundra TRD Pro, which just happens to land me with a check for 3k more than I actually paid for it. So I actually made money off of that, funny enough.
Gonna roll all of that into a Honda odyssey for my wife and kids, I’ll continue to drive our (payed off) 2014 Nissan Versa with 50k miles until I can buy a decent vehicle.
I think we’re doing alright.
/blogpost
debt free with a 780 score, i use my scheels credit cards for necessary purchases like gas and food and pay the balance in full every month. they banks get no interest from me and i get a $50 scheels gift card for every $500 i spent.
>i use my scheels credit cards for necessary purchases like gas and food
Are you unable to hand a cashier cash for gas or food? Credit card companies still get a cut when you use a card, even if you pay no interest by paying off the balance in full each month.
if you really want to attack the bankers, start using cash instead of debit cards. the bank makes $0.75 off every transaction. so if i spent $75 with a debit card the amount of money in remaining in circulation is $74.25. then the shop i spent it at uses his debit card to buy something with the $74.25 he has from me once again the bank gets $0.75 bringing the amount in circulation down to $73.50. if this is repeated 98 more times the bank has the entire $75 that i originally spent. use cash and the banks only not make money but have to handle the cash also
but i get $150-$200/month in scheels gift cards i use for bullets and guns and all kinds of outdoor gear.
Hello. This no debt anon is right. Ex con union worker here. I owe around 73k on my 350k house. No credit cards got 250k in my 401k and 10k cash. I have 3 cars 2 trucks and a 16' box truck paid for. I also have a $25/hr job with a pension. So yeah if you're not stupid you can do okay I guess.
Debtors are fundamentally caught in a prison of their own making. I know a dude who has traded up on a car which he borrowed money to buy in the first place, to a nicer car, which entailed borrowing more money, and the trade in didn't even kill the remaining debt from the first car purchase. It's a BMW, and yes he paid extra monthly fee to activate the heated seat option.
1 post by this filthy overpaid brown thing
1 post by this consoomer who feeds the beast and then cries about it
shut your stupid mouth spamming nagger
you're spamming a dead board
on a dead site
seething debt addict
overpaid pajeet
if you really want to attack the bankers, start using cash instead of debit cards. the bank makes $0.75 off every transaction. so if i spent $75 with a debit card the amount of money in remaining in circulation is $74.25. then the shop i spent it at uses his debit card to buy something with the $74.25 he has from me once again the bank gets $0.75 bringing the amount in circulation down to $73.50. if this is repeated 98 more times the bank has the entire $75 that i originally spent. use cash and the banks only not make money but have to handle the cash also
That's what I was thinking, but there's 9 posts. I think they know we're on to the slide thread botting. No normal human would pick that op image.
i actually use pepes all the time
>Ask price of product
>I'll buy it for 1/4 of the price
>Supermarket stall says no
>I'll come back when I have the money
>Never go back
>Buy it online for 1/10th of the price.
>$100k CAD saved
>40
>no house
>no kids
>no debt
Everything else is distraction.
Get your shit together lad.
What do you mean?
Ah jeez dood
just save up is all..everything cost less when you do
This. Just save money. No need to worry about investing or whatever until you have enough for it to matter. To blunt inflation, put it in a high-yield savings account.
I less have a problem with debt and moreso have a problem that young impressionable people are being duped into taking lifelong debts by their peers. Some kid who's been propagandized into taking on student debts is not the perpetrator, they are the victim of usurers.
The entire mortgage industry is systemic usury. The average person is duped into participating in if they want to have a house and it effects each and every one of us. A person taking on debt is not the perpetrator but they do become participants in the system of usury that drives up prices for every single thing purchasable by anyone who uses money. You have no other options, you either participate in the worldwide usury system or you die.
You should really be blaming the government and banking cartels for enforcing this paradigm of nationwide debt-slavery by predatory usurers.
or..I know it's crazy..just save up for stuff, mr. instant gratification
>Saving
Now I know you're just a troll, because of inflation saving money is shooting yourself in the foot. 10 dollars saved today is worth 5 dollars next year ad infinitum due to the inflation caused by usurers.
Exactly and inflation is also reducing the value of debt at the same time. Debt for value added skills training is the best deal right now. Whatever the economy will be after the correction, skills will be the demand.
>Debt for value added skills training is the best deal right now. Whatever the economy will be after the correction, skills will be the demand.
While that's certainly a good idea, there's no guarantee that this "correction" will ever happen when money can be printed. I wouldn't take on any kind of debt for an education.
Thats the points, its a win win. If they keep printing, the edbt evaporates and my skills will keep up with the higher bracketof pay in the flationary market. If it corrects and collapses, I can still maintain at least a mid tier backet living in skills based value generation.
>bracketof pay in the flationary market.
As long as your skills are paying skills and you aren't being memed into getting a feminist dance literature degree. That line of thinking is assuming I'm not blacklisted and would actually be able to use my degree to improve the country and wouldn't just end up in some government work program for nepotism babies of phony degrees.
The trick is not to over specialize. You can specialize partially but do so in a way that develops side skills that are applicable in other fields. You want a portfolio of skills that can be applied to various markets and problems that people want solved. Toolbox/toolset thinking. Adaptable toolsets and constantly updating those toolsets is the most important aspect of securing oppurtinities as they arise.
That's a great idea but I was an outspoken critic of the government imposed shutdowns during the covid19 hoax and the nefarious injections associated with that dilemma. I'm chopped liver around these parts, blacklisted. Can't get a job doing entry level labor let alone skilled labor. Not that I would want to contribute to this economy of usury anyways. For others that would be a great idea, for me I would be going into debt to get skills I'll never be able to use.
I didn't vax or get tested or wear masks despite mandates and I even got promoted despite that. I don't use social media so I wasn't poking the bear in a way that had easy evidence. I just ignored their directives and emails and in the end my supervisor stopped wearing the mask himself because when challenged I just said that Trudeau was seen maskless in a bar with 30 people in Europe. Do you think this is serious? He just looked embarrassed and the whole thing stopped in my deptartment.
Depending on your line of work, you might want to look for a job somewhere else in Canada and scrub your social media presence. RealID social media is retarded unless you are directly selling something with your identity as part of the branding. Anything else is just asking to be attacked by the managerial class and serves no benefit you could not get by posting under a pseudonym or anonymously.
Without more info I am not sure how to help you.
>the managerial class
I was a member of said class, my entire family and social network is because it's nepotism based. They have it out for me. I must be made an example of for others who might come forward and reveal their gross moral failings. I could send you my resume.
>Checked
If you have manegerial skills and are not retarded you have lots of oppurtinity. Plenty of small business in desperate need of competant management. Reframe and convert.
buy gold with your money
Executive Order 6102
>10 dollars saved today is worth 5 dollars next year
It's more like 10 dollars saved this year in a high-yield savings account is 9.50 next year, which is better than the stupid shit you would have bought with it this year.
Your first step is not to try to beat inflation on your ten bucks, it's to cultivate the habit of saving money - cutting expenses, etc. Once you have cash going regularly into your account and you have enough for it to matter you can worry about better places to put it.
yeah dude just save put it into a savings account as an 18 year old and literally only work. after 5-10 years you might have 50,000 saved to put into a down payment as a 28 year old who has no friends, never traveled or had hobbies but you aren’t homeless and at least your monthly payment on your starter home is only 1900 a month. *tear* the american dream.
ok, be a retard in debt and with nothing except brain damage and hazy memories of that time you went to Hawaii got high and stared at the water from your 21st-floor hotel window while posting on LULZ. much better than $50K in the bank.
>literally only work
no one said that.
time in hawaii? are we talking about millionaires? or do you actually think you can afford hobbies outside of basketball and save money!? lol
It's 12:55 here on neetisland I'm gonna go cut some grass
>literally only work
>no one said that.
true no one every want to say it but you are delusional if you think wagies can save money while paying rent and operating a household if they have any money spent on entertainment of any kind or convenience services or any services in general really. So yeah if 18 year old wants to actually have 50k at 28 they better get used to overtime, ramen and loneliness.
>The entire mortgage industry is systemic usury. The average person is duped into participating in if they want to have a house and it effects each and every one of us.
Absolutely correct.
If your mortgage term is longer than the reciprocal of your rate (Ex, 5% interest/20 year term), you're paying more than half of each minimum payment just toward interest.
The ~~*bankers*~~ expect you to sell/refinance prior to halfway through the term when you've only paid down ~25% or less of the principal, and then the game restarts until you die.
That's the game most boomers have chosen to play, except on steroids when they also 'own' multiple rental properties that they also pay interest on.
The entitled 'landlord' is feels forced to have the rent exceed his monthly payment, driving up costs to an incredible amount.
Also, stupid people will buy homes at extreme prices where they can just barely make the monthly payments.
If mortgages were limited to 10 year terms (or even 5/ or 7 years), home prices would necessarily fall as buyers simply couldn't afford payments at current income/interest rates.
And all this shit started with the 'New Deal'. Before that home loans were 3-5 years tops.
The Govt is the problem?
Whoda thunk it?
Not specifically the government, but the way they bail out the money lenders any time they make a bad loan, thus making loaning money a 0 risk investment.
I guess I could have said corporations.
Corporations are definitely a problem, their legal immunity as "persons" means that the decision makers of the corporations have no accountability and thus no incentive to follow laws. Also, they don't have to make wise business decisions because any time they pursue a failing business model or put forward a product that nobody buys, the government bails them out from having to suffer the consequences i.e. bankruptcy. Again, 0 risk investment for me but not for thee.
correct
what about if i take $32k worth of unsecure debt and dont pay a single dime on it for 10 years and repeat process?
What if I refuse to pay it back?
that's what I did..zero repercussions and total happiness
not if you refuse to pay the israelites back
Just default, no one gives a shit. There is no debtors prison.
Move to Belize or Thailand, they dont pay any attention to the nonsense.
Paying off debt feels insanely good. Its addicting. Been debt free for couple years now.
you feel good paying more for something you could have just saved for and giving israelite money for nothing?
the problem with the saving for it meme is the price of whatever you wanted also increases at the rate of inflation. the best solution is to literally only work and eat processed ramen 7 days a week. no hobbies, no traveling, no restaurants, no subscriptions and 100% under any circumstances no dating. *tear* the american dream.
>live in the pod
>eat the bugs
>this is happiness
>just work your entire life already to buy the house a boomer sold in 2005 for 125k.
>rise and grind baybee
lol
it never raises enough to make it more worth it to pay the israelite their amounts
Is that how you read my post? Being debt free means no interest...
I'm American, I was born with debt
>just never own anything ever
Lmao you retards realize you’re born into this system, right? Fight against it, by all means. But if you do, you’ll never own anything ever.
>but I can buy muh 1999 civic for 4k! I can save that in three months!
Yes but nagger I am of course talking about real estate or business, or a car that isn’t a piece of shit.
If you’re fine with renting your entire life, then by all means, never take on debt.
By the time you save up 250k to buy the shitass starter home you wanted, that shitass starter home now costs 375k.
And good luck finding a nice house in a good area by trying to pay it in cash you saved from waging. You would have to win the lottery, and there’s nothing more retarded and naggerish than playing the lottery (even taking on debt).
>good luck finding a nice house in a good area by trying to pay it in cash
Very few wagies expect to save enough to pay for their house cash. A mortgage is usually outside of the save meme. But what you can do is be smart about what you buy and continue to save once you have a place to call your own.
It's up to you decide if you absolutely must have the marshmallow right now.
kek, i know what you're talking about but does anyone else
>A mortgage is usually outside of the save meme
Okay I can get on board with it then.
I also have a car note. But four days ago I totaled it. I have full coverage. The rest of my car note is getting paid off, and I’m getting current market value for my Tundra TRD Pro, which just happens to land me with a check for 3k more than I actually paid for it. So I actually made money off of that, funny enough.
Gonna roll all of that into a Honda odyssey for my wife and kids, I’ll continue to drive our (payed off) 2014 Nissan Versa with 50k miles until I can buy a decent vehicle.
I think we’re doing alright.
/blogpost
FUCK naggerS
>this thread brought to you by 480 FICO 8 gang
debt free with a 780 score, i use my scheels credit cards for necessary purchases like gas and food and pay the balance in full every month. they banks get no interest from me and i get a $50 scheels gift card for every $500 i spent.
>i use my scheels credit cards for necessary purchases like gas and food
Are you unable to hand a cashier cash for gas or food? Credit card companies still get a cut when you use a card, even if you pay no interest by paying off the balance in full each month.
i know, i actually explained that here
but i get $150-$200/month in scheels gift cards i use for bullets and guns and all kinds of outdoor gear.
Thats the thing they are don't know is that there are really high rewards for people who just pay their debt.
You vote for representatives who take on debt I guess you can't complain about the state ever then according to your logic.
I am currently 145k in debt
Hello. This no debt anon is right. Ex con union worker here. I owe around 73k on my 350k house. No credit cards got 250k in my 401k and 10k cash. I have 3 cars 2 trucks and a 16' box truck paid for. I also have a $25/hr job with a pension. So yeah if you're not stupid you can do okay I guess.
>take on credit card debt
>gain access to more credit
>can now use credit as a cushion instead of having savings
Just american things.
Debtors are fundamentally caught in a prison of their own making. I know a dude who has traded up on a car which he borrowed money to buy in the first place, to a nicer car, which entailed borrowing more money, and the trade in didn't even kill the remaining debt from the first car purchase. It's a BMW, and yes he paid extra monthly fee to activate the heated seat option.