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I'm a young college student living with family and I don't have credit nor do I want to. How comfortable of a life can I live without being a debt slave?

I'm a young college student living with family and I don't have credit nor do I want to. How comfortable of a life can I live without being a debt slave?

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[–] • 7 pts

I took out 20k in student loans at 4% and started a construction buisness and made about 50k with it in a year working between semesters. Utilizing debt is the only way to make a lot of money. High reward, high risk. Saving cash when inflation is at 10+% is dumb. Convert your cash to tangible assets as quickly as possible. Invest in tools that will make you money as an example. Things that lose value quickly avoid. I bought a used tool that cost me 4k, I used that tool to do hundreds of thousands worth of work. Great return on my money, couldn't have done it without debt. Working part time, it would have taken me a year to save for that tool. Instead, I used debt and made way more and faster because I had the tool. I did not however spend the money on anything that wasn't going to make more money.

[–] • 2 pts

Excellent advice! Use debt as an investment, itself. Lots of men fail to ever notice this. When you have more cash coming in then you can "reinvest in making more money," then it's time to look at wealth storage. Things like precious metals, guns and ammo, for example. Good luck out there.

[–] • 3 pts

Good debt vs bad debt, learn it. Also, just because you have credit does not mean that you have debt. My Fico is 813 and the only debt I have is my mortgage.

[–] • 2 pts

Didn't know there were good debts. Thanks for the informative post 👍

[–] • 4 pts

There are no good debts. No fucking idea what he's talking about.

[–] • 0 pt

An investment property that has cash flow is good debt.

[–] • 0 pt

If your inflation is at 10% and you take a credit loan at 8%, that is excellent debt.

[–] • 0 pt

Yes there are. If your money is not making you money then you are doing it wrong. Even your spending should be making you money. You are financially illiterate and should not wade into conversations that you have little knowledge about.

[–] • 0 pt

Owing 52k on a 850k house is ok debt to have.

[–] • 3 pts

Read "Rich dad, poor dad" too. Many times.

[–] • 2 pts

Yes. Don't fall for it. To make things easy get an account with a credit union and use a debit card in extremely rare situations where you don't have cash or must for other reasons. Learn to plan using cash, carry cash not let people know you use cash etc.

[–] • 1 pt

This is just dumb advice. You are leaving thousands of dollars on the table every year.

Typical CU account bears about .02 percent interest. Whereas you can get a High Yield account at someplace like AMEX that pays upwards of 4 Percent interest. Point Zero 2 vs 4 Percent, say you have 30K in the account. Do the math.

Also, doing all your spending with cash or debit is just more bad thinking. I have 2 cards that I use for everything. One is for all my gas and groceries. I get 6 (YES SIX) percent back on all my groceries and 3 percent back on all my gas. My other card is for everything else. My points on that card pay for all my travel and it gets me into almost every single airport lounge for free where I enjoy free drinks and food and a quiet atmosphere for a couple hours before my flight. It also has numerous other benefits that are too much to go into here.

Anyway, You are giving out shitty advice and robbing yourself as well.

[–] • 1 pt (edited )

Every dollar put into some form of investment that touches anything to do with jewish (((investing))) that "earns" money is either causing a dollar to magically be created or someone else loses that money. At no point on the whole, of all investors of all assets / money does money just magically appear. That isn't how it works.

Also I understand gas cards, airline cards etc. my entire point is that those benefits for you are not worth the cost to the whole. You're greedy and can't see beyond yourself. You lack the critical thinking ability to see the entire picture beyond your own greed and want. Which makes sense but is vile. Nothing is going to change when people such as yourself only think about themselves.

For example, flying as you noted, I don't fly, haven't for years now. I've accepted this but I'm not putting my money (time, effort, work) into a system that propagates and enacts White Genocide. Same with banks etc. And no, I don't think I'm big enough to where my single drop in the bucket hurts anybody or anything, but I do know for a fact that a single drop in the bucket is meaningful. Enough so that my single drop in the bucket has gotten (((media))) and (((news))) jews to copy me on the use of language to capitalize or not capitalize some things.

If you're not willing to take a step back, out of yourself to effect change to things you likely decry and claim to dislike (you're here so...) then you're more of a problem than the jews who create and cause those things - the enemy within.

e; Also 2nd and 3rd largest bank failures in US history just happened and you want people to trust (((credit))) (((debt))) (((investment))) and (((banks))). You're the one of the two of us who is giving bad advice.

[–] • 0 pt

Although I disagree with just about everything you said, I have to say one thing. I am pleasantly surprised by the civility of your response. Thank you for that. I wish there were a lot more of that around here.

[–] • 2 pts

At least use credit cards so you can build a credit score, in case debt might be useful. Pay them off every month. My parents were afraid of debt but they just couldn't use it responsibly. Delayed me building my credit score by a decade because I took their advice.

[–] • 1 pt

Big difference between borrowing money to live and borrowing money to earn...making your debt work for you is smart...taking on interest for instant gratification is stupid.

[+] [deleted] • 1 pt
[–] • 0 pt

Taking advantage of a jew system is still approving of a jew system.

[–] • 0 pt

I've never had a credit card in my entire life. Debt free and own my house entirely, too. To be fair, one does not need to submit to having a credit card "to build up a credit score" in my country.

[–] • 0 pt

Credit cards aren't bad by themselves, you just pay it off every month. They just fill them with jewish tricks to get you to spend more money than you have. Just have will power and budget and be aware the card is a kike scam to get you to spend more money than you have and you'll be fine.

[–] • 0 pt

I've never had it. If debtors call me I basically laugh at them.

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