I buy all my phones off eBay from reputable resellers. There are plenty that make a living at refurbishing phones, rate each one on a scale, post pics of the phone you will receive. I pay around $120 for mine, $180 if it’s a bangin’ deal and I really want that unit.
it’s fine to finance a car you can afford. it may even be benefincial. i can take aout a 20K loan at a near 0 apr, i can take that 20K and invest it and get a return on it. which is better than dumping it all at once into a depreciating asset.
the problem is that people fiance cars they can’t afford. like 50K gas guzzlers with massive maintenance bills
Having 20k plus the cash flow to pay a 20k loan is a totally different scenario than buying a car for cash. If you need that 20k to pay the 333/month, it’s stupid to trust the market isn’t going to go down, and simple savings would net you maybe $500.
all that matters is the value when you cash out. if you are sitting there agonizing about an assets value month to month you’re doing it wrong.
just because you are irrational and don’t know how to invest, doesn’t mean the rest of us don’t. i have a handful of stocks and such, i have no clue what their value is because i check it like once a year. in the 5 years it’s been invested my money has doubled.
That is what I have done, I don’t like that debt either and some cunt at the bank getting 2/3rds of my housing expenses is only slightly better than a wanker of a landlord getting all of it.
nah, no lender gives a fuck about your financial situation, certainly not in america.
bankstreet turned boom and bust investing into an science, nothing has changed there.
for the overwhelming majority of people all debt is a trap, for everyone else…it’s still a trap, just a useful one.
If the system were set up in a way that you could actually get to the point where those “big things” were not always required, on an individual basis, it wpuld not be.
But that isn’t the world we live in. We live in one where everything needs to keep raising in cost until there is nonescape from the debt requirement for anyone. And the squeeze will happen until everyone becomes a part of the trap.
tldr, debt is a trap. only when you accept it’s a trap does it become a tool
if you want/need more $…learn the value of your labor.
For the vast majority of people the only debt they should ever get is a house.
The average person does not have to financial means to pay for a car or school without loans.
A car is absolutely doable without financing l. It’s a poverty trap to finance a car. What you can’t do is have a brand new car.
Same with phones. Buy a second-hand flagship from a couple of years ago (eg pixel 8), and use a pre-paid plan.
It’s not just a few hundred dollars saved on the phone, it’s also a few hundred per year on less overpriced contracts.
Prepaid plans have to be more competitively priced because you can switch at will.
I buy all my phones off eBay from reputable resellers. There are plenty that make a living at refurbishing phones, rate each one on a scale, post pics of the phone you will receive. I pay around $120 for mine, $180 if it’s a bangin’ deal and I really want that unit.
it’s fine to finance a car you can afford. it may even be benefincial. i can take aout a 20K loan at a near 0 apr, i can take that 20K and invest it and get a return on it. which is better than dumping it all at once into a depreciating asset.
the problem is that people fiance cars they can’t afford. like 50K gas guzzlers with massive maintenance bills
Having 20k plus the cash flow to pay a 20k loan is a totally different scenario than buying a car for cash. If you need that 20k to pay the 333/month, it’s stupid to trust the market isn’t going to go down, and simple savings would net you maybe $500.
the market hasnt’ gone down in like 15 years dude. the government will prop it up if it does go down.
It’s gone down moth over month many times though. If you are dependant on that principle month to month it’s insane to trust the market.
all that matters is the value when you cash out. if you are sitting there agonizing about an assets value month to month you’re doing it wrong.
just because you are irrational and don’t know how to invest, doesn’t mean the rest of us don’t. i have a handful of stocks and such, i have no clue what their value is because i check it like once a year. in the 5 years it’s been invested my money has doubled.
How to skip steps 2-4?
Pay cash for a car that runs. You aren’t getting a loan without income in the first place.
It used to be, but these days the average person can barely afford groceries without a loan.
That is what I have done, I don’t like that debt either and some cunt at the bank getting 2/3rds of my housing expenses is only slightly better than a wanker of a landlord getting all of it.
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nah, no lender gives a fuck about your financial situation, certainly not in america. bankstreet turned boom and bust investing into an science, nothing has changed there.
for the overwhelming majority of people all debt is a trap, for everyone else…it’s still a trap, just a useful one.
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They are right, its a trap.
If the system were set up in a way that you could actually get to the point where those “big things” were not always required, on an individual basis, it wpuld not be.
But that isn’t the world we live in. We live in one where everything needs to keep raising in cost until there is nonescape from the debt requirement for anyone. And the squeeze will happen until everyone becomes a part of the trap.
deleted by creator