Why do poorfags not understand budgeting or passive income?

It's a respected major REEEEEEEEEEE
>Youd earn more by becoming a plumber and moving inside europe
And then I'd have to deal with foreigners' disdain for hurr durr inferior Poles stealing our jerbs.
I checked and I can do fairly profitable community interpreting in Britain though.

You got it. Its all a ruse op. School teaches u how to be a fucking robot. I had to teach myself to ballance a checkbook with google. Folks always say save money but have little or no savings. Also there is little left to save and then it is btfo by inflation.

We are told retirement wilk be handled by a safe 401k.

Lolwut.... trust my life savings and retirement to a stock market with 0 control over it and shit growth. Just.... no....

Add to that the 10% with the means and motivation to become rich are screached at by the other 90% trying to pull us down and deter us while everythibg we have been tought is ass backwards and its no wonder.

Punching a clock is easier than making a fundemental change and flipping your life upside down in the hopes of riches.

This better fucking be worth it.

No shit. I use a budget daily but i have yet to rewuire the date of the 2nd world war or calculate the volume of a cylinder or conjugate verbs in fuckibg spanish.

School over basic junior high level reading and wrighting was a 15 year fuckibg waste of time.

what's the "million retirement" line? I don't understand your post.

Pfff. Pack your shit and move man. Unless that is a liveable wage there

31. Metal plate and 8 screws in my foot. Dick works okay i guess but a lifetime of overtime gave me a recedieng hairline and ive been getting more white hair on my head and beard since 28.

Dont out it off man. You could be 60/70 at 30. Im losing weight just so i can fucking walk descent.

Good luck brother

Make 50-100k and let money rot ina bank. U can easily retire a millionair but its fucking meaningless these days

This is not something they teach in public schools. Either your family teaches you, or you learn later in life.

Why would having $1m be meaningless? If you can achieve that fairly early in life, you're golden.

>A failed education system that will spend weeks teaching the quadratic fucking equation but maybe one day teaching about financial literacy.
>socialist policy that incentivizes financial irresponsibility
>Bad parenting that softens children and causes...
>A growing sense of entitlement
>Lack of drive to learn basic financial literacy.
>Teen pregnancy, moving out of mom's house too early, buying shit you don't need with money you don't have, etc., etc.

Once you realize how simple it is to just be responsible with your money, you realize how much you hate paying taxes to subsidize these people's stupidity.

How do we end this epidemic user? I mean some of my mates changed from being socialist faggots once they started paying tax but its not enough. How can we encourage personal responsibility?

Even if you do follow proper budgeting and passive income strategies you still are going to get fleeced by the banks.

YOU literally cannot win. All YOU can do is not lose so hard.

Get your plunger ready and buy a ticket to UK

Snag a job with quad graphics. Just recently moved into poland

>Tfw I have every single trait of an unsuccessful person

policy
>massive cutbacks in spending, taxes, regulation, etc
>massive reform in entitlements so as to encourage rise from lower to mid class instead of keeping the poor dependent. (getting a better job sometimes means losing out on free gibs, so people are incentivized to fail)
>total removal of public funding for college, which is literally the poor giving money to the (soon to be) rich
>remove minn wage and allow poor nigs access to jobs worth less than $7/hr, so they can get on the job training and learn skills

education
>school choice, voucher system
>gas all teachers unions
>stop giving money to schools who go over budget yet have worse test scores
>allow free market to decide
>shitty public schools with shitty teachers that act as daycare for poor niggers die
>private schools pop up all over, must show parents how good they are if to survive, and actually teach basic finance

actually encouraging social responsibility
>bring back religion, or at least moral values in the household (even during segregation, single motherhood rates among nigs was drastically lower than today, bc of shitty values and democrats feeding them the notion da white man is responsible for all their troubles)
>remove age restriction on birth control, because kids will be kids anyway, might as well have easy access to it.
>need strong family unit, which is discouraged by current socialist policies
>replace welfare with private charity, which is helped when people come together as a community

the solution is too difficult. just invest against the american economy, which is surely to collapse even worse than it did in 08.

Wait..what the fuck? How can I become a millionaire making 50k/year? I make about 75k a year now before taxes. Explain please.

hes exaggerating but if you invest smart, set up a good retirement plan, or are lucky enough to work for an employee-owned company, you can set yourself up for life by age 40. not many have access to passive income such as getting paid rent by tenants, but free cash flow through stocks, dividends, bonds, etc adds up over time. most poor people have no source of cash other than their job. just invest part of your paycheck. i have direct deposit and pull out at least 10%
>2017
>not keeping a journal

Even more scary was a fact I read in the WSJ a few months back conducted by Pew Research Center I believe. They polled Americans on what if a crisis happened:
Could you come up with $500 cash in 30 days.
60% of Americans couldn't.

great
explain how

its bait.

> save $900/month
> invest into something yielding a 3% return
> do this for 45 years
> congrats you're a millionaire

>journal
I've tried it, but I feel like a faggot every time I do it even though my dad taught me to keep one since I was 9.

>something yielding a 3% return

So not the US economy then?

Well, if you look at inflation youd die poor being a millionaire in 70 years. Not meaningless i guess but that 1 million isnt a magic nunber these days

U cant with uncle sam and his fucking handouts

the only thing you should wonder is in this nation of good goy consumerists how r u pathetic enough to not run a good business

>>Why do poorfags not understand budgeting

Budgeting requires discipline, responsibility, and self control.

Now you know why 'merican niggers are poor savers. Even the ones who make good money.

What is your professions senpai?

What he really means:

policy
>stop giving money to poor blacks and instead give it to poor whites like me

education
>stop making education accessible because those people are taking my jobs

actually encouraging social responsibility
>make my beliefs the state-mandated beliefs
>prosecute anyone who has different beliefs
>my religion is the only right religion
>except, legalize weed because YOLO

You suck, user.

>just invest against the american economy, which is surely to collapse even worse than it did in 08
The American economy recovered all the losses of the 08 crash within 16 months, and has been on a seven year bull run since then.

You suck, user. And you're stupid.

...

I make 14.5k a year doing minimum wage part time work...should I invest in Poland real estate?

...

Grew up on the oil field. Drilling and pulling them back out for repairs. Bucking hay bales. Slew of shit factory and other jobs. Last 6 years i been running equipment. Probably here till i die since its the best pay and easiest work i will find unless i retire early

I haven't had less than $500 since I was 14. My lowest since was $1500, which was because I just withdrew 3k to buy a car. And I'm born-poor lived-poor hyper-poorfag who has been barely employed the whole time.

The issue with burgerstanis is that as soon as they get any money at all, they spend it. Doesn't matter on what. Clothes shopping binge, eating out 24/7, new furnature, new gadget, other shit. They're retards.

My parents always lived paycheck to paycheck. I thought, a paycheck every week, all you need to do to ensure you never have to live like that again is to work one extra week's equivalent in overtime, but keep your spending the same. Keep the money in the bank. Use it to even out your bank account fluctuations.

Fuck, my bank account keeps going up and I don't even know what to do with the money. And I don't make that much. I can't think of anything I want to buy.

>get online job in america
>move to poland
>live like a king
>???
>unfortunately, you have to live in poland

That little "infographic" you posted is horse shit.

Poland is unironically a pretty good place to live. The standard of living is comparable to first world in big cities, just the wages aren't. It's also very, very safe; I believe it was ranked the safest travel destination in Europe since most of our criminals/white trash emigrated to the UK. Literally.
There is also pretty much no political correctness tyranny, I'd say the freedom of speech is greater than in Western Europe (don't know how it compares to America). Female Poles are famously attractive and from my observation so are many young males where I live (including yours truly). So if you're a grill come here and invest in me.

I've tried multiple ways of earning passive income (ebooks, youtube, ebay, etc)

They all fucking failed miserably. Shit isn't easy kiddo

>if you're a grill come here and invest in me

How big is your ponos in american units?

Its not even just poorfags. I grew up in a solid middle class family in an "excellent" school district. I have a brother who is about the same age as me, has had similar employment history as me, lived in the same areas and has always earned about the same wages as me. With both of us around 30 years old, he is dead broke and I have around $350,000 net worth.

Whats the difference? All of his decisions revolve around feeling good right here right now, mine revolve around being loaded as fuck when I'm 40. He was dating a jewess in college though, so he might have the jew-curse. Point being, dont be a degenerate if you want to be wealthy.

" ranked the safest travel destination in Europe" what world do you fucking live in? Lmfao, go re check your facts bud!

I've been saving my money in the (((bank))). I have little faith in the American (((economy))).

If everyone becomes millionaires via passive income and 50k, then nobody will be millionaires.

We need piss-poor people in society to give our wealth meaning.

>If everyone becomes millionaires via passive income and 50k,

>thinking the average normie even understands passive income as something other than .05% interest on a (((bank))) savings account

I think we're safe, mate-o. There will always be poorfags. Even if you give them every tool to lift themselves up, they will find a way to fail.

Bad idea, my moneys safe in the caymans!

retirement is just a fast-lane towards alzheimer's

>strawman
>strawman
>strawman
>y-you suck user

ha ha

>The American economy recovered all the losses of the 08 crash within 16 months, and has been on a seven year bull run since then.

an unfounded bull run. what caused the housing crisis was never fixed. GDP is anemic. stocks are massively overvalued. this isn't controversial stuff, but thats enough free advice for now.

OP here, Lets hope housing market crashes again. I'm looking to fucking buy soon.

It's probably just becuse of my inexperience but to me it just seems like theres free money out there for the taking.

I'm about to buy my 2nd home on 25k/yr (just got bumped to 42k 3 months ago)

My first was 147.5k and its on track to make me 8k equity a year and after about 10years, it'll make me a measly 12k profit. Grab 5-8 and your set, boom net worth of 1mil+ , gets too hectic? Get a management company

Or stocks, invest in the whole market make 5-8% consistently on your money....dont even have to look at it.

Do wagecucks and poorfags have tunnel vision? How do they actively ignore all the advice out there on tv, news, internet?

If only you gents could take your money with you to the afterlife. Fuck being rich when you're 40. I want to do shit in my 20's

not everyone is rich enough or willing to invest that much money into a single property, plus at least in my experience theres fierce competition when you bid on foreclosures, and its a lot harder to back out quick if things go south.

but the problem is most people own no sources of income besides their job. I truly believe the education system was designed to keep people poor debt slaves. plus its easier to follow a crowd than do your own research.

>what caused the housing crisis was never fixed.
You mean, except by the thousands of new banking regulations that will ensure it never happens again?

Stop being stupid.

>GDP is anemic
ORLY?

Stop being stupid.

>stocks are massively overvalued
Yeah, faggots like you have been saying this every year since 2010. How's poverty working out for you, kid?

Stop being stupid.

Bonus tip of the day: Do you know why faggots like you are always either fascists or socialists?

>Fascist: "Glorious Leader, gimme free stuff plox."

>Socialist: "Glorious Party, gimme free stuff plox."

user, you would have had more value as aborted medical tissue that you will in your entire pathetic life.

or "be a cuck and you'll make more money, goy!"

lol wtf is wrong with you. Regulations and handouts ensured it did happen. How can you be that delusional?

What did they say that made you jump to 'fascist or socialist', literally the opposite - at what point did they ask for anything?

no point in arguing against someone with no reading comprehension

Not sure if this is a thread-worthy question so I'll ask here:
What online-only bank gives me the best interest rates possible in a savings account?

...

You're fucking retarded
Go back to /r/socialism and bitch about the truth why don't you
Grade-school-tier ad hominem attacks are for pussies, like yourself
Grow up and make a real argument, kid

Also what the fuck is this fascism leads to free stuff? If people want a fucking job they're qualified for that's not being a socialist kike and just wanting gibs, that's wanting a job to work at so you can buy things.

>People can become millonaires off of 50k/yr and passive income

just start your own business lol bro XD its easy lmao XD

I just want all these debt and wageslave sheep to keep on spending and consuming in order to boost my investment portfolio.

I would like to make passive income but I am not educated and don't know how to invest properly. I know enough to know that if you don't understand how to play the market, investing is a good way to lose a lot of money really fast. It also doesn't help that Veeky Forums gets spammed all the time by ponzi scheme shitcoins which are overtly trying to fucking rip me off.

It's a doggy doggy world out there, o'pee, and if you don't know what you're doing you will get fucked.

the fact that the successful one is female and unsuccessful is male is something I find EXTREMELY triggering

Keep a journal how? What kind of things are you logging in it? just every day activities or like ideas and shit

if they did understand they wouldn't be poor
what kind of stupid question is this?

>why do poorfags not understand passive income?
mostly because I don't know how to start. Don't know how to buy bitcoins or beans or any other currency, don't know how to watch the prices. I know the basics of selling it when it's at a higher buy rate than what you bought it at to make money (buying it for five bucks selling for six or seven). I just have no clue on how to start.

>passive income
that shit doesn't exists. you either risk your money in which case it's an investment not passive income, or you work for your income or take legal risks. you won't get money for nothing. obviously working hard for a short while and receiving income for longer time instead of one time payment is not in any way a passive income.

There's a risk in investing in the whole market...

How do you ensure you don't lose money on the property?

It's amazing that as soon as you guys are faced with someone who refutes your arguments with facts, you retreat into this "who me?" shell like defensive little children.

This isn't /pol/ or the /pol/ lobby, faggots. On Veeky Forums we insist on reasoned arguments supported by objective evidence.

You have to go back.

>You have to go back
Nice argument you got there

See the thing is I would treat you a lot more seriously if your posts and argument points had a bit more substance with a point -to- argue rather than a view-point-based statement followed up by "Stop being stupid"
You are not providing evidence, you are providing nothing of value and instead assume people know what the fuck you're talking about

Example:
>>GDP is anemic
>ORLY?

>Stop being stupid

Present a point motherfucker and we can start talking.

Also reddit spacing
I'll help you out and save you some typing

You do not have a chance at beating the average return for the market and all assets have a tendency to deflate over time as they are utilized.

Can you time the market better than a bank?

This, can't take it to the grave.

Also getting 50k/year isn't as easy/simple as you make it sound.

Just buy Vanguard then, you fucking pussy.

>Present a point motherfucker and we can start talking.
Oh I'm sorry, I didn't realize you were both retarded AND blind. See, I posted a graph that directly refutes your statement that GDP is anemic, and actually shows that GDP growth has been steady and sustained for the last several years.

I've already offered factual rebuttals for every point. But you're so fucking stupid you think all opinions have equal merit, regardless of whether they're true or not. For example, your mother not drowning you at birth. That was a bad decision, and its supported by the fact that every post you've made in this thread has been 100% wrong.

Had I know you were both handicapped and illiterate, I wouldn't have wasted my time. Now that I know you're dumb, incapable of reading, and a waste of life, I'll just filter you out of my sight for good.

You. Have. To. Go. Back.

...

cringe

>he took the bait
>he's this asspained

Real returns over 45 years for a balanced portfolio of US and international equities exceed 3%.

bankrate.com/

Its easy being young and poor. When you get into you late twenties, that old whore biology comes around the corner and start slowly draining the vitality that lets you go on partying by night and eating ramen noodles by day. If you dont do any investing before that, you will realize sooner or later that you expended you most vigerous lifeforce on getting high and chasing shallow cunts, rather than building something for yourself and your family. That is time and effort you will never, ever, get back.

This

(Did I use that right?)

Oh it's the old "Someone just make me look stupid so I'll pretend I was trolling all along" ploy?

Great job, kid. You realize you're the stupid one either way, right?

50k for 2 adults and 1-3 kids

think about it

>People can become millonaires off of 50k/yr and passive income, and yet everyone is upto their fucking eyeballs in debt.

Because people will pay off (1) a mortgage and (2) a car before thinking about investing

Depending on where they are in the world, they might be 45, 50, 55 before the house is finally paid off, THEN they think about retirement

TBQH, a house is a retirement asset for many

Do you realize that in order to generate a significant passive income you need money to begin with, don't you?

There's a decent amount of resources out there teaching you how to save your money, but there's a multi-billion dollar industry dedicated to teaching you how to spend your money right now.

Asspained

Why do 80% of polish women who move to UK get married to non-western immigrants? WTF are the men doing?

^the only anons worth listening to in this thread.

You can't take it to the grave, but you can leave it for your kids and wife.

Probably the simplest explanation. Since I get all my entertainment from the net(60 a month), would be reading at a library if I didn't have the net, my entertainment budget is zero.
Meanwhile, there's a massive alcohol and food culture based around having a good time right now and enjoying life. You can't really argue with it, because these things are nice. The only reason why moneyfags are against it is because they realize the true cost of alcohol/food over time, they want the money and security more than they want the food/alcohol.
There's no way to argue with desires. I felt the same way, I had no savings, would spend down to my last dime every month on junk food, then the moment I stopped doing that I had tons of savings.
Junk food was almost my entire budget. Once you cut out indulgences, lower your cost of living, it gets much easier to justify saving because you're already living a satisfying life and saving money itself is satisfying too.
I heard about this program in britain where they automatically saved money for your retirement for you, sounded brilliant. I figure that most people know that they should retire, but they want to be forced to do it because they can barely handle the freedom they already have.