If you've ever paid cash for a car, you've committed a financial sin
Unless you have poorgay, bottom feeder credit, you can lock in a 5% interest rate on a new car. Want to know what the S&P500 has, on average, returned YoY the last 20 years? 10%. What does this mean?
Well, if 2 people were to buy a $500,000 car - 1 paying cash and the other financing it @ 5% over 84 months - the one who financed it would have THOUSANDS more than the moron who paid cash.
Finance Bro:
$0 down
$500,000 invested @ 10% annual returns
Portfolio after 84 months: $974,358.55
Cash moron:
Buys car outright
Puts his would-be car payment ($7,066.95) into the S&P500 every month
Portfolio after 84 months: $840,784.83
A difference of over $130,000 hahahaha holy shit what a moron. Yeah great business strategy there, dumbfrick. If you push the time out to 40 years, the guy who financed literally has MILLIONS more
Doesn't matter if the car you bought was $5,000 or $5 million. If you pay cash, you come out with less money
Basically every time there's a top I don't sell.
I could've been a multimillionaire by now if I sold the top each time a shitcoins top. I either don't sell or sell way too early.
I bought 230m APU at just under 1m mcap (so my cost was like $500), held to the ATH and just sold the recent bottom after seeing the dev closed the telegram, website & twitter page. I'm now seething that it's pumping. It's probably unironically going to 100m+ mc. I did the exact same thing with ticker: BITCOIN. had 1,250,000 of those that I got for $700 and sold for just under a 10x. I think I am unironically being targeted by shitcoin whales. They want me to kms for some reason, and they are winning.
i've been stumbling into all kinds of rugs trying to make more to put into the coins i'm holding. i just don't get shitcoining. it hasn't worked out a single time and i could've just taken the money out and treated my family to something nice.
i currently have a 13x long that is down 55%
You are cleansed my sons
Amen, Father.
thank you, Father.
Praise the lord.
I'm waiting patiently, Father.
your blessing allowed me to close my position with a +37% gain. thank you again, father
I live off Lockheed Martin dividends.
I lost $350,000 on AMC during the meme stock craze a few years back.
>I put my gas, water, electric, insurance, cell phone, internet, and mortgage on auto-pay
>I use TurboTax because it's easiest and cheapest
is there any hope for me?
You are forgiven, walk in the light
Amen.
Thank you, Father.
Hallelujah!
autopay as opposed to what? manually paying for no reason?
I bought puts in the cannabis industry last week and it's still going up
If you've ever paid cash for a car, you've committed a financial sin
Unless you have poorgay, bottom feeder credit, you can lock in a 5% interest rate on a new car. Want to know what the S&P500 has, on average, returned YoY the last 20 years? 10%. What does this mean?
Well, if 2 people were to buy a $500,000 car - 1 paying cash and the other financing it @ 5% over 84 months - the one who financed it would have THOUSANDS more than the moron who paid cash.
Finance Bro:
$0 down
$500,000 invested @ 10% annual returns
Portfolio after 84 months: $974,358.55
Cash moron:
Buys car outright
Puts his would-be car payment ($7,066.95) into the S&P500 every month
Portfolio after 84 months: $840,784.83
A difference of over $130,000 hahahaha holy shit what a moron. Yeah great business strategy there, dumbfrick. If you push the time out to 40 years, the guy who financed literally has MILLIONS more
Doesn't matter if the car you bought was $5,000 or $5 million. If you pay cash, you come out with less money
Don't care. I got a mustang for 5 grand when some distant relative died.
nice bait. okay i'll go finance a half million dollar car to get rich lmfao
Try again with 6.4% and 20k
My credit score is 820
I bought the dune lego set
>Your financial sins
Getting a girlfriend. They are a total financial gains goblin
Basically every time there's a top I don't sell.
I could've been a multimillionaire by now if I sold the top each time a shitcoins top. I either don't sell or sell way too early.
Do 3 Hail Marys and all will be well
I have a rather large stack of silver… I’m up on its value by a pretty decent amount, but the opportunity cost has been overwhelming.
My poorfolio consists of almost nothing except for 2017 era boomer altcoins.
i was so bummed yesterday about the apu rug that i didnt buy more apu
id be huge up rn instead of big up
I’m afraid these are virtues and not sins my sons. Search your soul for your sins and praise Him
i own nothing and dump every spare dollar into my portfolio, everyone thinks im poor because i rent some shitty apartment and have no spending money
I have never made money picking individual stocks.
You are forgiven
I buy exclusively stocks from the pool of dividend aristocrats and even when I got into crypto I wound up in eth/BTC only with staking
I bought in the wrong LP and lose 60% because of price impact
having a girlfriend
I bought 100BSV when it was $50 per coin. I told myself Craig must be Satoshi.
I should have watched more interviews of him, even if he was Satoshi, he's such an arrogant boomer he would have derailed it anyway.
I willingly bought honeypot coin yesterday
Forgiven
This one’s above my paygrade
I lost faith in Bitcoin during the bear market and stopped DCAing. Now I'm trying to make up for it by gambling on memecoins to flip them into BTC.
Wow just cant stop making bad decisions
have fun staying poor.
spent gains on hookers and a bunch of stuff that's now collecting dust
I fell for the white hand meme and got rugged.
your turn, pepe. confess
i bought bitconnect, though i knew it was a ponzi. i bought hoping it would get out in time
i bought 1000 lanks at $40
My father sent me money for French tuition, but I spent it all on shitcoins
I can't win a sports bets and I really want to succeed.
I threw 3k into luna thinking it would repeg on 98c.
About to get a second job :/
I shorted a coin I had been holding for months
*Coinfess
I bought 230m APU at just under 1m mcap (so my cost was like $500), held to the ATH and just sold the recent bottom after seeing the dev closed the telegram, website & twitter page. I'm now seething that it's pumping. It's probably unironically going to 100m+ mc. I did the exact same thing with ticker: BITCOIN. had 1,250,000 of those that I got for $700 and sold for just under a 10x. I think I am unironically being targeted by shitcoin whales. They want me to kms for some reason, and they are winning.
You'll feel better when it rugs again soon.
Im willing to stay poor not buying APU due to not wanting to be associated with pajeets.
i've been stumbling into all kinds of rugs trying to make more to put into the coins i'm holding. i just don't get shitcoining. it hasn't worked out a single time and i could've just taken the money out and treated my family to something nice.
I held a bag of hex worth 3m usd and didnt sell.
>have steadily increased my income but my saving rate has stayed the same throughout years
All because I can't stop cooming inside women
I took a bunch of loans from the bank and left my country, that was 15 years ago.
I sold the bottom of the APU rug.