/biz/ - Business & Finance

>>54792357
he's talking to normalniggers who justify a $700/month for 96 months payment @ 13.7% interest because "I REALLY NEED A CAR BRO."

>>54792357
He didn't say that. If it's a car that you paid cash for then it's perfectly acceptable. Go watch some Sc/o/tty Kilmer and learn how to find a good car for cheap.

>>54792357
>sell car
>now cant work
Guess I'll be free being homeless.

>>54792357
>You will own nothing and be happy

yea, naw, he's clearly saying be alright with downsizing, no shame in living within your means.
sell the TSLA with the retarded loan... and buy one of these used cars, of which are in such great supply, for only $3000.

>>54792357
Surprised no ones murdered him.

>>54792375
REV UP YOUR ENGINES
>How I took care of my local nigger problems.jpg

If you bothered learning what you're talking about, Ramsey frequently refers to transportation (ie. your car) as one of the "four walls" (essential expenses that need to be covered to live in society).

He's not saying walk everywhere. He's saying sell your $40k car that you're in debt for and making payments on, and buy a $2k beater with cash to drive for a year or two until you're out of debt. Then once your net worth is actually positive and you've built up an emergency fund, you can afford to save up and buy something nicer (but still appropriate for your income) in cash.

Just put your money into good growth stock mutual funds that earn 20% per year. No I won’t say which ones.

>>54792357
well time to sell my perfectly good car worth $5k that I pay 300€ per year to have and walk miles to work

>>54792367
That’s retarded just buy a cheap car off Craigslist for like 2k. I have my piece of shit car that is on it’s 5th year that I bought for $1500

>>54792796
That's what I did for my first car, 1990 toyota camry wagon.
Ran pretty well before my commute to work turned into a pond without realizing it, drove straight into water & made it a boat.

>>54792796
You're underestimating how retarded normalniggers are. They really will rack up crazy monthly payments like that. His entire career is propped up on giving retarded normies the most basic, fundamental, common sense advice. Like imagine if you could make a living telling people eating healthy foods is good for you, or to keep breathing because otherwise you'll die.

David Ramsay's advice is basically for women; women run up huge debts and have almost zero self control over their finances

If you're a weak man or a woman, you should listen to him 100%

If you're a man who can think for himself whatsoever, Ramsay will just hold you back

>>54792796
yea, just buy a car on craigslist for a couple grand.
yea, there's no shortage of these insanely cheap used cars!
everyone can buy a car for less then 3 grand.
why isn't everyone just driving shit-boxes?

>>54792442

>sell reliable car
>buy $2000 beater
>breaks down and spend $5000 in repairs
>late to work too much and get fired

t-thanks

This guy and all his kids drive $100k+ cars (I live near him). I just dont see how anyone takes him seriously.

>>54792796
>>54792818
>>54792834
That's literally what Ramsey is saying. He's not saying have zero cars. He's saying sell the luxury bullshit you can't afford that has no benefit other than making you slightly more comfortable for maybe 30 minutes a day, but costs like $20k more than a normal car you could buy in cash.

>>54792875
Yeah it will probably cost you like 5-10k for something that's not an absolute PoS, but a new car is like $30k+ these days for the basic ones and normies are getting 7 year loans to buy the poorfag entry class luxury cars. The "i couldn't afford the real one" version.

>>54792834
Just like Caleb hammer. Gets tens of millions of views just for telling normies "maybe you shouldn't have 20 maxed out credit cards, and also stop paying other people's bills"

>>54792357
Remove the need for a car by living at work!
Ps I work so hard and have such amazing self control yet I eat too much.

>>54792875

Yeah he's a boomer. You're more looking around 10k if you want a used car that isn't going to be absolute dogshit.

>>54792918
this. I think everyone knows the real deal is paying cash for a car. But poors especially do not have any savings. So they are forced to finance.

>>54792818
How could you not see a flooded road?

Anyone with a gaudy expensive car but doesn't own their (nice) home is low iq subhuman

>>54792918
Where do you live? There are like 10 cars under $5k on Craigslist in my area.

>>54793020
The way to work was backroad as fuck. 0 lights, & since it was a 90s toyota the lights on the car sucked ass, pouring rain, the inside of my window was fogged up, + I have astigmatism, it was in the middle of wetlands & whatever company paved the roads decided to not heighten the ground they were paved on, so I went over a small hill & immediately hit a pond.
Bought the Toyota for $1200, sold it to a scrap yard for $600 after it was totalled

>>54793033
>I own my home!!!
Try not paying (((property tax))) and see what happens. You don't own shit.

>>54792892

I drive a $2k car lmao. I've driven the same car for like 15 years. You want to know how many times it's "broke down" on me other than flat tires and things that weren't mechanical problems with the car? Like once when the fuel pump went out, that's it. Replaced it for like $150 in parts.

Find something with one or only a few owners in the Carfax history and there's a good chance they've babied and taken care of it. If you're pretty interested in buying at that point, take it to a mechanic and spend $100 or whatever to get it inspected before buying. If they find major issues you can decline to buy it and keep looking. If they find more minor issues but stuff that will still need to be addressed, you may be able to talk the buyer down and save more than the inspection cost you.

It won't be fancy, but if you look around you can find higher mileage cars that are still plenty reliable and mechanically sound for $2-3k. If you want to bump the price up you can find something newer and/or lower mileage for more, but going to be kind of hard to justify spending $10k on a depreciating asset like a car when you have a negative net worth. It's certainly a myth that you have to go into $20k of debt to get something that's safe and reliable.

>>54792875
learn to fix shit zoombrain

>>54793086

Try to not be poor your whole life, poor rentcuck.

>>54793086
Property tax is usually like <1/4th of the total monthly cost of owning with a mortgage. And you pay property tax when you rent too, indirectly. The landlord pays it with your rent. And taxes are often higher for houses that aren't owner occupied.

>>54792357
I once owned an R8 (I can definitely afford it) and it was one of the biggest mistakes I have ever made. If I'm being dead honest that shit was fun for two weeks and only gave me headaches afterwords.

>>54793332
Go on . . .

>>54793380
Go on about what?

>>54792357
should have listened to whitie Dave and we could have skipped all the robbing, shooting and gangbanging.

>>54792899
Yeah, not saying his advice is bad, it's just fucking crazy how it needs to be said in the first place. He's a lucky guy and has got a good thing going for him.

>>54792892
>Newer cars are more reliable
Nope. Any car can run for 200k plus miles providing the current and previous owners have kept up with maintenance.

>>54792357
Maybe I could if the cunts in charge of the company I work at just fucking let me work from home like I have been for three fucking years

>hi I'm (((David Ramsey)))
>My Jewish banker family gave a few million dollars to start a business which I squandered
>That's why you should listen to me

Take the E scooter Pill anons

>>54792357
Yes, or bike. I hate entitled consoomerist faggots.

For me it's the jp site that sells used cars for 500-2k bucks.

>>54793288
> you pay property tax when you rent too, indirectly.
Doesn't know how prices are set.
Thinks the rent would be lower without property tax
None Ricardo reader.
Ngmi

>>54792875
There are over >100 good used cars in my local area right now on Facebook Marketplace for <$3000

Seethe hoe

>>54793401
supercar ownership you dense faggot

>he doesn't drive a 2008 honda fit that's paid off in full because it was like $4000

>>54792357
>his mechanic father didn’t get him a brand new car for free because some boomer didn’t want to spend 2000 on a new engine
Lmao

If you are unable to just purchase a replacement vehicle after it has broken down in this economy then you are a complete poor loser failure

>>54792458
You have 100k, take out 20k which is your growth, bam you can now retire. Here let me get a Ramsey advisor to call you

>>54793641
YEA, THAT'S EXACTLY WHAT I'M SAYING!
JUST BUY ONE OF THOSE HUNDREDS OF THOUSANDS OF MILLION USED CARS THAT ONLY COST, LIKE, LESS THEN 3 GRAND!
JUST BUY ONE OF THOSE CARS!
THERE'S LIKE AN ENDLESS SUPPLY OF CARS, THAT COST 10% OF THE AVERAGE NEW VEHICHLE COST!
JUST GET AN OLD CAR, WITH 100 THOUSAND PLUS MILES ON IT, AND THEY WILL SELL YOU IT FOR ONLY 3 THOUSAND DOLLARS!
I DON'T UNDERSTAND WHY EVERYONE DOESN'T DO THIS!

>>54793612

His point was you're paying property taxes regardless. You think the landlord would be renting to you if he was losing money? It's a business, your rent has to cover maintenance, taxes, insurance, etc. plus enough profit for it to be worth the capital invested and effort for the landlord.

Meanwhile, like the other anon mentioned, most states and counties actually offer a homestead tax credit to reduce property taxes on your primary residence. So you're actually paying more property taxes (indirectly) as a renter than homeowners are directly because the landlord gets no credit since the property is an investment, whereas homeowners do get a credit since the property is their residence.

Keep coping, though.

>>54792357
Driving is a fun hobby. Love my '16 accord EX-L 6MT. Just works

>>54792892
If you know anything about cars you know older ones are more reliable and much cheaper to maintain, and if you know how to pick a good one, you can drive a 2k car for 5 years easily

>>54792367

Then he should've posted that in his Tweet faggot. Stop sucking off Boomer cock.

>>54792897

Normies love parroting basic bitch financial takes and feeling smart.

>>54792897
The fact Rachel Cruz born with a diamond incrusted silver spoon eating organic ice cream made by a free range dairy farm from a cow named betssy is telling some poor shumck to work a third job cracks me up. No fucking was this girl has ever put in 40 hours in her life

>>54793565
You'll burn your house down

>>54793868
>putting water on lithium

Smart

>>54792357
sugoku basado

I have 16k left on my car at 0% and I've still considered paying it off early because after turning 25 having car debt makes me ill. I'll just such it up and stick with the payment plan. $430/mo in 2026 is probably less than $200 today.

>>54792892
Listen to 4chins
>buy beater car for 1k
>spend $1800 on repairs
>go on date
>eww.jpg
>spend 2k to fix interior
>second date
>wow cool anon
>rattles like a tin can in the backstreets of Thailand
>I'll call you later sweetie...
>scared shitless on the highways since its a smaller the size of modern cars
>have to steer into the wind going down hill
>boss sees my car
>hr, my boss, front desk lady are laughing behind the glass doors at work
>spend 5k on suspension, new paint, and body modifications
>battery dies because previous owner installed a boat alarm from the 1960s and the company went bankrupt
>all the electrical wires are black
>my mechanic says why did you not just get a newer car

>>54792892
>what is a honda?
>what is a toyota?

>>54793868
Lmao couldn't have scripted a more retarded reaction. Just drag it outside. The door is right there. Incredible stuff. I'm never buying insurance of any kind, there's no reason to pool my "luck" with retards.

>>54793868
Dude got soooooooooo lucky he fell before he went up and poured the water on it.
Like 'saved his life' lucky.
Also there is a brand new one of these in my garage sitting unused.
Hmm...

>>54793993
On my 3rd date the belts went out and it sounded like gun fire. My date peeled out of the parking lot and two black girls in front of me
>cmon keke they shootin at us!
Never felt so embrassed
I'll buy new thanks

>be American
>Entire country is just shitty roads and fat people driving in circles
>Sell car
>Try to walk 3 miles to work
>Get ran over and shot by a mulatto
Thanks Dave

>>54793993
This is actually believable.
Either something like this actually happened, or anon has good common sense and understands some basic cultural things.
inb4
>he fell for the beater meme
or
>he listened for 4chan

>>54794006
I won a Toyota once but when I came to pick it up they handed me a fucking toy Yoda from Star Wars.
Fucking ASSHOLES

>>54792357
everytime i try to take the bus it smells like urine and i dont want homeless people sitting next to me

>>54793993
>>54794049
You sound like a cuck and a bitch that will never make it. I hope this was a larp.

>>54794049
I mean that doesn't mean you have to necessarily buy new(altough the market has been all fucked n sheet so I dunno whats what atm).
But there are good used cars that exist.
Maybe best deals are new though with 0% financing and overstock leading to massively cut prices?

>>54792357
Imagine a woman with breasts so big that she needs air conditioning

>>54792357
Your options are live in a culturally enriched walkable city and rent to Mr. Shecklburgenstine. Or, live in the suburbs and own a car. The only problem is a shitty car will break down on you at the worst possible time leaving you on the side of the road waiting to get culturally enriched.

>>54794082
some people enjoy working on older cars.
I'm not one of them, but it's not really any different from playing a difficult game and deriving joy from beating it. it's just unlike a game this has the added cha-... joy of potentially breaking down away from home. truly hardcore mode.

>>54793993
People who don't understand this are either full of shit, or never actually bought a used car in cash.

>>54793513
>providing the current and previous owners have kept up with maintenance.

sure let me just go to the "used cars with responsible previous owners" store (hint there are none)

>>54794192
>Tell me you have soft hands without showing me them the post

>>54794269

Or even better

>caring what a gash think about your car

If you're dating a chick and she cares that you are driving a beater to get out of debt or save money, she's a fucking gold digger lmao. You don't want to start a family with that kind of woman anyway.

>>54794093
Thanks for outing yourself but some of us are still trying to get laid

>>54794192
Its the same people that says to move to the middle of Nebraska to buy a house

I think the real redpill is to buy a used car that has like 10k miles on it, almost like new but not paying the "literally new" premium. Then you can take care of it and drive it like a person who has >100 IQ does and it will last forever

"old beaters" are unreliable not because they're old but because people don't take care of their cars at all. It's a miracle oil changes became memed hard enough that people actually get them, but that's all they do. They don't change coolant until they blow a headgasket or transmission fluid until it's already slipping, and then it's too late

>friend mentions his car has like 125k miles
>tell him he should get a coolant change if he never has just as preventative maintenance
>"ah it's cool dude I just added some coolant the other day!"
>umm, you shouldn't have to add coolant because you shouldn't ever be losing coolant...
>"ah yea it's good dude I just added some coolant it's cool"
>...???

my friend is normie npc I think this is how they all think

>>54792458
The ones that require $1m minimum investment.

>>54792357
>huge monthly payment
What an absolute pleb

>>54792458
>Just put your money into good growth stock mutual funds that earn 20% per year. No I won’t say which ones.

kek

He actually states 12%, but the point still stands. "Just outperform the market by 2% a year forever, bro".

>>54792367
I'm not even joking when I say that I know a 20 year old kid with a truck payment that is over 1k/month. He makes less than $20/hour.

>>54794655
12% is actually easy to get consistently if you know someone in the industry willing to let you in. For instance, I invested my money in a fund that is not publicly available and has been giving 12% returns for literal decades. It is run by a man that was previously president of the NASDAQ so he knows what he is doing. His first name is Bernie. If you ask around, you might be able to find his last name. Or you could just stay poor.

>>54792442
>>54792796
>>54793225
You cannot find a running vehicle for $2k today. The ladder has been raised since you people were teenagers.

>>54794655

It's not far off, depends on what time frame you're looking at. S&P 500 has averaged 12%+ a year over the last decade. Since 1990 it's closer to 10%, though.

>>54794720

My vehicle is literally worth $2k as it sits today in KBB private sale. I'll probably drive it for at least another 2-3 years as long as no major mechanical issues crop up because it still works fine for my needs and I'm cheap. Saving for a downpayment on a house, I'd much rather have that and get out of renting than a fancier car.

>>54792357
People respecting you is worth the debt. Sucks but it's the truth. People are superficial shits.

>>54794759
I don’t care what the blue book value of your vehicle is. Even if I did, you’re clearly a person who takes care of his vehicle. In reality, nobody is selling used vehicles with any kind of reliability for $2k in todays market.
>inb4 some dumbass finds a few Craigslist vehicles with 300k miles, wheels falling off, missing fenders, multiple colors, the inside stinking of human shit, and 500 miles from nowhere for $1999.99

>>54794720
I just bought a car off a family member for like 2k. In real life, family is actually important for you to survive. Stop watching movies, listening to music, and reading 4chan posts demonizing family and pitting men against women, children against fathers, etc. They don’t want strong families because they want you impoverished and dependent on the state instead of each other.

>>54794806
>bro just be born into a strong family and you can find deals that haven’t existed in half a decade
Excellent advice. Why didn’t anyone else think of that?

>>54794806

>just use your family money to get rich

Brilliant

>>54794841
Everyone who isn’t poor already did. You’re just stupider than them. I’m sorry that the truth upsets you.

>>54794806
>I just bought a car off a family member for like 2k.
is your family jewish?

>>54794075

Lmao

>>54794873
I’m not poor, retard. I’m just not some dumbass boomer who pretends markets haven’t changed in the last 15 years. I also didn’t have the luxury of being born into a middle class family who never knew the struggle of growing up with nobody to just hand me the things I need to become successful.

>>54794343
Ah yes, buy a former meth house of some out of the way rural route. Buy a PoS truck with cash so it can break down in the middle of nowhere with no cell service. Now that's living!

>>54794806
>You are poor because you have no family or a poor family
Amazing Anon. How did you figure this out?wxwnn

>>54794173
If only women would appreciate the men who have chosen the hardcore new game+ mode of life...

>>54795037
Would you like some cheese with that whine?

>>54794741
But Ramsey is talking about actively-managed mutual funds with relatively high expense ratios, perhaps 1%. Actively-managed funds almost always do worse than the overall market over the long term, especially when you factor in their costs.

>>54792357
I could pay $50/m to get to work and basically travel everywhere in my country via bus and train BUT that would mean that I have to get up 45mins earlier in the morning AND I have to walk for 15mins. thats not worth it, I need 30 min to get up, eat, brush teeth and arrive at work with my car.

>>54794260
Check the service history? Get a pre purchase inspection? There's plenty of due diligence you can do on a used car.

why debt?
buy a cheap car
can't afford new? buy used
just don't get in debt

>>54794373
Your redpill is outdated. We are post covid society where literally any ICE car sold today will appreciate in value once breathalyzers, cameras up the fucking wazoo and remote immobilizers become MANDATORY. Your ICE as it is today will become extinct and deflationary. number will go up nigger.

>>54792357
>he is so poor he can't afford to walk everywhere
lol

>>54794713
lol,
lmao even.

>>54795099
Just admit you’re a spoiled faggot who literally can’t comprehend starting from nothing lmao

>>54795113
>But Ramsey is talking about actively-managed mutual funds with relatively high expense ratios, perhaps 1%. Actively-managed funds almost always do worse than the overall market over the long term, especially when you factor in their costs.

Ramsey is stubborn and prideful, despite the mountains of evidence on the folly of trying to pick the best active manager. He cannot admit that the average Joe, or his viewers, should simply index and get the market return, minus 0.01% fee. He sticks to his "shop around and get 12%" line.

>>54793790
Im pretty sure property taxes for a house are higher as if you rent in a multifamily unit

Unironically if everything was within (reasonable) walking or cycling distance I would sell my car. I'm mid 30s now, I was a "car guy" in my 20s when I was a normie cunt and I've had some cars that people only dream of.

Also, buying a cheap old nail is a meme and nobody actually does it on purpose, only those who live in poverty.
Most people treat their cars like shit out of ignorance or just carelessness so you have to presume any 2nd hand car you buy has been treated poorly.

>Paying more in repairs than the car is worth
Many such cases.

>>54793673
Jordan?

>>54792357
>Just walk everywhere!
Or bike or take the bus, yes. I haven't owned a car in all my life, it's no problem at all if you live in a halfway decent area. And it's not because of money that I don't have a car, I have a net worth of like $400k, a car is just pointless to me.

>>54794343
You should. You can live in a 99% white high trust society in an affordable home in a walkable small town and then take a 20-30 min commute through scenic farm land byway at 70 mph to Omaha to wage slave.

>>54792357
Middle Americans can't comprehend being able to walk to amenities kek. You you anons have fun in Walmart and you chain restaurants 40 minutes away

>>54796059
>having a machine that produces income is pointless
look at this out of touch nigger. since advent of apps like uber, doordash, turo etc its never been a better time to be a car owner. its a better asset than a fucking house.

>>54792892
>$2k car breaks down
>if repairs are over $300 sell it to local scrapyard

Give them the title and they'll tow it out of your driveway and hand you some cash, repeat.

>>54793086
>there are no homeowners
Rentoids reaching new levels of cope daily

>>54793020
He's retarded, many such cases.

>>54796086
Midwest small tows are perfectly walkable but no one does it because that's fucking gay. We will move our car 200 feet half to the next store then go in.

>>54792357
Unironically based

>>54794663
>I'm not even joking when I say that I know a 20 year old kid with a truck payment that is over 1k/month. He makes less than $20/hour.
This reminds me of back when newly enlisted soldiers that would buy a brand new $50k truck at 20% interest as soon as they got their signing bonus.

>>54792397
Work within walking distance. Get groceries within walking distance or have them delivered. Home gym. Why have a car, again?

>>54796920
Chad move desu

>>54797643
>cucking yourself to to only be able to work within a few miles
>walking/biking to work in places that have knee high snow several months per year
I genuinely cannot imagine being an adult man without a vehicle and being even moderately successful. You’ve basically limited yourself to local food chains or retail.

>>54797643
And while youre at it cut youre dick and put a 12inch dildo all the girls will be all over you

>>54792796
The 3k Civic meme from /o/ died in 2020. Look at the sticky there and see if you can find the cars for the listed prices.

>>54792357
I WILL drive the 16 year old VW I got for $3.5k that runs flawlessly and I WILL be happy.

>>54796354
Nobody lives on Main Street though. You have to drive there from your subdivision. A walkable city is one where you can walk from your house to get to these places within 15 minutes

>>54797643
Considering how much of a fucking nightmare it is to get around North American cities and towns without a car, the cost is worth it. If bike and public transportation infrastructure were much better then this would be decent advice.

>buy 10+ year old car from old lady who barely drove it for under $3000
>drive it 5 years myself without issues
>end up selling it as everything is WFH now for practically the same price I paid for it
I kind of miss that car desu

>>54796067
>You can live in a 99% white high trust society in an affordable home in a walkable small town
Yeah and everyone will be 65 years old and you will never meet a woman.

>>54798368
>Yeah and everyone will be 65 years old and you will never meet a woman.
Oh no the horrors!!! It's almost like all dating is done via social media and apps which makes your point entirely moot.

>>54798385
Yeah I'm sure you'll meet a woman on dating apps

>>54796354
>Midwest small tows are perfectly walkable
No they aren't because of zoning. Mains streets are isolated from where people actually live. You're just being dishonested now