Tik Tok Financial Advice Has Crossed The Line
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- Опубліковано 7 вер 2024
- ITS TIME TO PUT MY FOOT DOWN ! (on the gas and drive to the nearest tattoo parlor)
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FULL VOD: • Atrioc Reacts to the W...
#atrioc #tioktok #financialadvice
bro spends his last $7.5k but still has money to get a big ass tattoo
he probably spent it on the tattoos and is just tryna recoup
That fake tan ain’t cheap either
Definitely a 400$ tattoo unless he's dumb.
let me tell you. I have known this guy for many years. Before he was a scam artist. There was never a 7500$ loan. He finished dead last in a bodybuilding show and went to bali to get tattoos. Now that he scams people for a living, he tried to get involved with some gangs, they shot his "co worker" in the head, shot up his car and he moved to Bali. He was never rich. His car and AirBnb were put under a business credit for a business that he did not own, he was the bottom guy for a forex scam, he was literally just the face for a lot of these scams. The moment he got publicly exposed, he blocked everyone he grew up around, fabricated this wild story and moved. Now he lives in Bali of the money he makes scamming people with his "business partners". Until they eventually run into the wrong gangs over there too.
yeah, noticed at the first second his story has too many plotholes, someone should sell him a course for that.
The car lady has to be satire. I choose to not believe that someone is that insane to have 3 high interest car loans
nah I know so many people who sign for loans just looking at the monthly while ignoring how much money they lose on interest. As long as they can pay the monthly, they don't care
@@-Sai but they can't lmao, she literally talks about allowing one of the cars to get repossessed. Just a galaxy brained family
@@snart2195 buying one of those big ass trucks (unless you use it for work) is the dumbest thing you can do. Cause they cost so much and need so much gas, but I see so many dudes who didn't need it with them.
@@-Saieven if you need a truck for work, those trucks have tiny truck beds and the beds are way to high for practicality. People who actually use trucks for work, use smaller but actually practical trucks usually.
@@darkithnamgedrf9495 Then how will I let everyone know I have a small penis?
Walking up to a stranger and mugging them would be less detrimental to their financial situation than listening to TikTok advice.
You just gotta hope they're one of the few people carrying cash these days, because cards get cancelled in minutes.
@ronarnold1507 Nowadays they mostly want your phone so they can sell it
Getting mugged would be less detrimental to their financial situation lol
In the first example, you might even come out of it financially positive!
shout out to the owner of the restaurant i managed during covid laying off all his employees that worked for him 25 years + and instead wrote weekly paychecks for him and his wife equating to exactly his ppp loan
jesus
Report his ass
If this is true, unironically file a tip/fraud report with the SBA. Under the False Claims Act you could get 15-30% of the recovered funds if the government determines there was indeed fraud and wins a lawsuit. Plus, you take down a scumbag.
Can you actually try to report this or something. They gotta learn and I heard the government is cracking down a bit more on these.
@@preethamrndoing so would put many of my past co workers out of work. Many of them didnt have green cards, and that job meant survival. He did hire them all back when we reopened, and a lot still work there. He is the biggest POS i’ve ever met, but those are good people.
I had a handyman who never filed taxes, dealt in cash, etc. because he doesn't believe in socialism. When we got to talking about retirement he was banking exclusively on social security. The hypocrisy was wild, but when I explained he won't get SSI because he never filed taxes he felt it. His world crumbled at 58.
A tradesman being against socialism is wild
Am I petty for being happy after reading this story? Like this man will not be able to retire, it's sad ... But I'm so happy 😅
@@brianarc2can’t blame you, the fact a person thought that taxes=socialism, something that every type of government system does, directly or indirectly is that is just, mind boggling.
Oh my fucking god
Well, if he has worked for someone else that withheld SS tax for at least 11 years in his life, he will get at least the minimum benefit, which could be as low as like $50 per month, and maxes out at a little over $1k at full retirement age!
"this car payment might look bad at first, but compared to this other one I just took on it looks GREAT"
I’m just hhhhhhhh
I wheezed at "Since I'm already going to jail, it's time to tell my side of the story".
I started doing mundane shit like making my bed, woke up with a billion in my bank account. You guys just dont want to hustle
Frfr, on that manifestation grind.
I just clean' up my room and next thing I knew a golden lobsters challenged me to a fight and I won using the shadow of my monster. That really heighten my conscientiousness
@@DsiakMondala Freedom is calling for all men who bend their will.
Man your parents must be big on the allowance for completed chores. Wish Mine had did that growing up
$67k debt guy filed bankruptcy in March. Good news as it was up $10k in 3 months.
aw :(
Honestly that's the smartest thing he could do. He was 67k in debt and wasn't working.
These guys always stand next to the cars, or have them in the background. But they're never actually in the car
😂
To be fair the guy at 14:19 actually drives the R8 he’s standing next to, I haven’t seen the registration though so I don’t know for sure if it’s his dad’s or his
@@atriocI never allowed you to laugh
You can just short time rent luxury cars for a drive or photo shoot slash video
@@ErikPelyukhno You already know the answer. Rich people don't need to scam people on tiktok
Take your kidney to a casino, bet it on black and win. Now you have two kidneys to do business with in international business.
Why would u do business with international business when u can go international and learn business?
If you don't make 100k kidneys a month, what are you even doing with your life?
14% APR on a depreciating asset that is a car? That is craziest thing I heard.
I made that mistake, paying 29% APR a few years ago. Luckily it was only second hand and not very expensive. Won't be doing that again.
Yea only rare models actually appreciate and it sure as hell isnt s truck or suv usually sports cars only and a very rare version or limited run of that model.
Why? A car is not expected to increase in value, a car is not an investment. A car is an expense.
That 14 percent APR is simply part of that expense. Is it too high? Yes, but it is often necessary for folks with poor credit who need a vehicle for their travel requirements.
That 14 percent is far from the craziest thing ever heard. Try someone with deep subprime credit for something really crazy. Or a payday loan.
That 14 percent shows the reason a person's credit score is so important.
In the end, the important consideration is whether that total expense fits within the person's budget and financial goals.
@@R3tr0v1ru5
A 29% APR loan should be illegal. That is worse than if you put the car on a credit card.
There is something about how people on TikTok look and behave that is so inherently repulsive to my being.
The “beauty” filter all of them use was looking real uncanny valley in this video
I think it’s just an insight into the average persons life and you realize how stupid these people are and just don’t act normal lmao
140k on vehicles and having a Tahoe and gmc is hysterical.
For that payment they could get a beater for their daily commute and rent a F550 or an exotic sports car every weekend on Turo when they wanted to drive something nice. Instead they own a Tahoe lmao.
That entire video felt like some kind of mixture of misinformed humble-bragging and relationship troubles
That’s the funniest thing to me about these 60-80k cars but they’re just like normal cars.
I’d get like a sports car with that amount lmao
Imagine trying to flex with those cars when someone pulls up in lexus or Acura that’s much cheaper than either of those.
I hate these Tik Tok Real Estate investors because you can tell 100% that they don't understand Real Estate investing. Rent not paying for all of the housing expenses is normal in Real Estate investing. The idea that you can get 100% of everything covered is a new concept. Historically, Real Estate investing was a long term game where you lose money at first and after 10 years start to see cash flow plus the appreciation. Housing on average has only gone up like 3-4% a year over the last 90 years. The real money in Real Estate came from long term holding as the leverage is stable and cheap and eventually the asset mixed with rent increases out pace the cost of the mortgage. This is usually a 10 year process to actual profitability.
Meanwhile, the stock market has gone up 8-10% a year on average. For this reason, housing should never be your first investment unless you are buying it to live in. The idea of housing as a short term investment is a concept that began in the 2000s, died in 2008, then came back in 2017 after there became a shortage of housing inventory.
I think a lot of real estate "investors" have been popping up recently cause in a lot of countries there is a huge real estate bubble. In countries like Canada, Australia, New Zealand, etc. Houses in the last 10-15 years have doubled, even tripled in some cases. So you could gains at almost the rate of the stock market but investing in housing is also seen as more "safe".
"last 90 years" is very conveinently missing a regularly occurring event.
And even without a worldwide depression, urban prices are due to crash as work-from-work disappears.
Straight yapping
Yeah it's heavily dependent on a lot of factors. I bought my townhouse in 2013(?) for 180k. It's worth 600k now. I was going to buy another this year, so I looked around. It's pretty bad. Me renting out that first property would not cover the costs at all. It would take 7 years to break even, and 10 to get some real cash flow like you said. A lot of places are even bumping up their HOA. One place I saw, they raised the HOA by 300 up to 1k per month. That's stupid. In comparison, I can just put my money into stocks and have more flexibility.
There is no shortage on housing industry
”See you in 3-6 years”
How is he so nonchalant 💀
I wonder how much money he could have made working minimum wage in those 3-6 years
You gotta realize there's a personality type that just doesn't care about prison they are in and out their whole lives its like home to them and when they're not in prison they're just doing illegal stuff for money and balling out.
@@leonardooriano579420k in debt probably. Saving with minimum wage in THiS ECoNOMY?
Some people just ride the wave that is life and don’t care too deeply about things like that, prison is just another experience to have, or he’s just being funny and the story is fake 😂
I went to high school with him - he was genuinely one of the funniest dudes and everyone loved him. Idk if he actually did all of the PPE fraud stuff but I’m hoping he’s good 😂😂😂😂
I had a car payment of 350$ dollars a month when I first started working and because rent and the car payment were due the same day, I was legit stressed to make sure there was enough in my account to cover both going out. Eventually my finances got better, but after my car got totaled and I used the insurance money to get a replacement and immediately paid it off even if it meant eating into my savings. No regrets, it feels so good to not have that debt in my mind.
How anybody takes on massive loans with huge monthly payments just to flex baffles me.
Peoples minds are so warped they think anyone actually cares what car you drive or what house you live
Unless you’re successful (and most people are just average) we can all see how dumb you are for going into debt you didn’t need to
I'm about to hit 10 years on my current car. Paid off, runs great, looks great. Every time I'm tempted to get the latest model, I remember how nice it is to not have debt. That's the way to live.
my car is a piece of crap that i got for 2k but oh my god it's so much nicer to have than worrying about 400 a month in payments
I have a 99 Pontiac Sunfire that I drive to work everyday. I bought that car in 2010 for $2000.
Very easy to fix and parts are cheap. It has 370,000km on it and still runs fine.
The sad thing is, I could probably sell it for $2000 today with how the price of used cars are.
Having a quality comfortable living situation and being debt free is a privilege, and these fools just squander that and choose to live in debt and anxiety just to have a fancier method of travel. It's bizarre.
The guy who never files taxes probably would have gotten a refund every year, which is why the IRS never bothered to call him...
this
You only get a refund if you pay more taxes than you’re supposed to, it’s scary and weird how little people know about how taxes work…
Hes paying taxes whether he is aware of it or not if he has a job, benefits and buys anything
My jobs always take more out than they are supposed to. I get around $1000 back every year. I dont mind because its good to get a big chunk of money to put in savings@@donb2527
@@donb2527
Yes, and he likely had a bunch of deductions and tax credits that he was entitled to but never filed for. This was a likely a lower income dude, he likely was having deductions for taxes done by his employer without realizing it.
"It's been real and i will see you all in three to six years" is one hell of a way to end a story
15-year-old-boys: "I'd kind of like to own a house and have a family some day, can someone help me?"
Alpha-male TikTok Geniuses: "That's stupid. To be a success you're going to want to buy 7 houses to rent out then you need to be getting at least 30 women pregnant a year to preserve your genes."
Doing one video tutorial on Excel has got to be more useful than any of these business courses.
Wait, they might be cooking though. If you make more kids, you're increasing future housing demand, and therefore increasing the housing investment.
you can also claim them as dependents on your taxes. sigma strat
@@stereo-soulsoundsystem5070 For fellow old guys like me, this is known as the Shawn Kemp Strategy.
@@zunuf
The word “courses” is doing some extremely heavy lifting in that sentence…
As someone who works in tax collection, FILE AND PAY YOUR TAXES. You will likely get away with it for a few years, but it will come back to bite you and when it does, it bites HARD. Plus, if you are a standard W2 worker, you will probably get a refund anyway. Be safe, do your taxes.
Isn't the most plausible explanation for going so long without trouble that he IS a standard W2 worker and his tax liability is already covered by his employer's withholding, thus the IRS never bothered to bust him?
@@Myerknas Thats quite possible. I handle state tax, not federal tax, so I'm not sure how the IRS handles it, but with state tax if you don't file, after a few years the state estimates what you owe WITHOUT taking into account tax withheld. If the IRS is the same way, then he's just plain lucky (and stupid)
3k a month on vehicles is wild. I know dudes raking in 300k a year paying less on their service trucks that actually get used for work lmao
My wife and I cleared 480k last year. 0 monthly payments on our cars lol and I drive a crappy 2011 Ford fusion
I am a financial advisor, and I recently had to delete tiktok because I kept seeing so much bad financial advice and scams that I could not take it anymore.
For me, it's any food & health advice (chemistry background), the amount of snake oil salesmen. Level of dump shit that people happily believe is baffling
It is at this point I want to remind you that Tik Tok's parent company is partially owned by the Chinese government. They have an active interest in pushing misinformation because it destabilizes the USA. Russia does the same thing according to Congressional reports on the subject. In the 2016 election, Russia funded both Black Lives Matter and All Lives Matter protests. Congress even found that the most popular social media pages for these groups often were managed from inside of Russia. This is why Tik Tok is a national security threat.
"Smarter and confused" is what all the cool kids are these days.
$78k for a SINGLE TRUCK that will probably break down in like 5-10 years is CRAZY
i bought and financed mine (2016 Chevy Silverado HC) for $48K in 2017. Sold in 2023 for $40K. Domestic trucks definitely hold their value, but you are 100% right, a few things started to go and I even had a mechanic who came to look at it refused to buy it knowing that the transmission was on its last legs.
The funniest thing about the credit card industry, that tells you all you need to know about the business model... they refer to people who pay off their balance on time every month as "deadbeats".
These videos are necessary on the Internet right now. I think most rational people can spot that these are scams, but it helps to explain why so hopefully some people can avoid losing their money or getting their identity stolen.
That guy who's being open about his debts is teaching a real lesson.
And the point about the stress of payments is true. Like, we have a car loan and a mortgage that are less than 30% of our after tax combined and we still hate it. Making extra payments when we can :/
Maybe that dude used Klarna for his tattoo. Smart move. In the buisiness we call those investments
15:49 as a loan officer, the highest monthly income I’ve seen was $50k a month and that was from a HEART SURGEON!
Yeah, if you’re talking about those amounts paying it out as wages is terrible. Set up a management company, pay out dividends, invest through the company, etc.
So I added my fiance to my card, her credit acore went from 500s to 650. I then immediately added my brother who had zero credit history. He INSTANTLY hit 700 (I had 740 at the time). He went from not being able to get approved for anything to 12 years of credit history with no late payments. I dropped him like 1 month later and now his credit score is somehow higher than mine.
1:28 Thats just the upgrade system of Far Cry 3.
I would rather die than have a $1600 car payment. I have a $600 payment that I'm comfortably able to pay and it still stresses me out a lot
I'd like to note that if you're willing to work on the car yourself (which I am fully aware most people either don't want to, or straight up can't), a single month of those 1600$ could get you a decent (if not the most modern) car that'll do everything the new one does, if you go for two months you can even add in most of the gimmicks and nice to have things plus get it to drive (and feel if you know a good upholstery person) brand new
@@tiagobelo4965not sure where you're finding close to long-lasting "fixer-uppers" for $1600 without being a dealer's child, but the sentiment is true for basically everything. People pay to not have to become car mechanics so they can pursue their actual interests. It's a trade off
I make about 1800€ a month, 1600 bucks would be murder. (Dont worry, I live in Finland 1800 goes a long way)
@@taturajala830 if that's 1800 after taxes, that's pretty good even if it's in a capital/major city
@@tiagobelo4965 sweetspot is a few extra grand than that, like 5 to 7k. this way you get a substantially newer car but one which has depreciated most of the way so you dont lose much on the resale. the savings you'll have by owning the much older $1600 car will be insignificant by the time you've sold.
Atrioc, I bought a 2016 Subaru for $16,999 less than a year ago. I didn’t have any credit history at the time, so my APR was about 14%. I was hoping to be able to refinance after making payments and building credit history. When I went to refinance with my bank, they told me the car was valued at $9,000 and I’d have to pay almost $5,000 out of pocket to cover the remaining balance of the loan to refinance (they offered a 9% APR, despite the fact that I have a 710 credit score and perfect payment history) Not as bad as the Tahoe couple… but the depreciation of car value is insane and deeply upsetting
That's awful. I would say subarus don't depreciate that much... Now I'm Swedish but we sold our 2012 subaru outback for about $12.000 last year, and it was in pretty rough shape... (My mom loved going off road in that thing.) I think the bank undervalued your car.
Bro please commit insurance fraud to get yourself out of that loan
Bro spends all his money then buys a tattoo. the math ain't mathing
I love how he improved on the:
Step 1 "Do X", Step 2 "???", Step 3 "Profit"
Plan by rationalizing away Step 1. That is sheer dedication to efficency. Truly the mindset of a billionaire.
17:34 dude… what’s the point of having an Amex Platinum with an expensive annual fee but you’re carrying a balance on your card? It negates all the cash back/MR and benefits you get from your card. The total debt is insane
He probably started out with that aim but his spending habits destroyed him.
11:14 on god, this dude saying it how it is, admitting that he knows it's fraud, and straight up telling the whole world he's going to prison for it is the most realistic financial advice in the whole video.
2 billion views in 7 seconds, we are so back
Actually made me laugh. Good job king.
@@TheMOReviewers :3
Do I want to learn international business from a guy who learned from an international business teacher who never travelled internationally, but actually that guy didn't even finish that program anyway? Sounds foolproof.
I remember watching Uncut Gems when it came out and being like holy shit this is crazy. but recently it's felt like people just live like that now.
16:02 bro it kills me when its so intense and then tiktok completely swaps the mood with the "boodloomp" sound when its over 🤣
Found your channel by watching the 3 hour Blender Glock build you did. Man your account is a gold mind. This is the comedy I needed to stay out of depression!
As someone who doesn't use tiktok, I am still no richer than anyone who does
That's because you need to buy my Instagram course for 30k. I guarantee you'll double that in the first week.
Turns out that banks really don't like it when you hand your credit lines over to people whom they've already shut down due to fraud or collections..
Crazy thing is that sometimes buying a tradeline won't do anything for your credit score. Some issuers don't report authorized users while some issuers only report from the time you're added to the account and won't report the payment history before that. The credit bureaus also have anti-abuse mechanisms that sometimes remove the AU card from the score if the authorized user isn't in the same household as the account holder.
The lady: "I don't even know how to sell at the black market"
The black market after seeing her video: "allow us to introduce ourselves"
One year of high school level work for 40K seems like a pretty good deal to me.
The funny thing about the trade lines gal is that a large number of mortgage lenders ignore AU account history exactly for this reason
When I was in high school a kid took out a 10k loan and put it all into that one crypto called Luna or something. He called himself a gigachad until it crashed to less than a cent a week later and his parents had to bail him out. Funniest shit I’ve ever seen
This video in one word “fraud”
I suddenly feel really good about my own financial situation
That truck story had the crazy turn of events I've ever experienced. It was like watching Maury show with cars.
Huh?
I studied international business until I decided to fill my international business with international business from business.
*Here’s a wacky tip to raise your credit score!*
*Pay your damn bills.*
*Paying off bills is bad for your credit, still.*
*Of course, criticizing Semites dings your credit score too.*
On time, once a month, in full!
@@Code7UnltdI assure you letting your bills go to collections is far worse for your credit then paying them.
8:50 Imagine if this guy has been withholding more money then he would owe in taxes and is instead losing out on thousands in tax returns 🤣🤣🤣
He's never paid taxes. There is no amount greater from a tax return than what he has been withholding. Do you get how tax returns work?
@@timtabutops4611 Before you get a paycheck from your employer, they can withhold money for taxes. In my hypothetical situation, I am making the assumption he 'thinks' he isn't paying taxes because he's just not filling at the end of the year. In reality he is still paying taxes and just isn't doing the paper work at the end of the year to see if he owes more or gets a refund.
@@TopOfLobbyhe probably has a job that pays cash , or he put himself as tax exempt on his w4
@@timtabutops4611 He's probably never FILED taxes, and assumes that means the same thing.
Hi. Im a former case manager for the IRS. The fact that he hasn't been audited is almost 100% because he has his withholding set to 0 dependents. For simple math, assuming single and 50k a year he is basically giving 1200 dollars to the the govt every year. We dont audit those people since their are people who actually pay nothing and they get highly prioritized.
Growing up during the 2008 housing crisis has made me way too paranoid to be taking on debt before I own a home that’s probably insured outright. I’m not even learning t drive until I’m sure I can buy a care outright
The option profit did work for me but you need allot of cash.
I bought 200 apple shares when it dipped to 132 and when it recovered I kept selling month long CALL options at 10% above current value made about 500 - 600 a month. When the stock jumped I also made a profit. So 550/26400 that's about 2% a month. Helped me get my first house.
There is no free money in options. They are priced in a way that makes it about break-even in terms of profitability. You either buy and have a high chance of losing everything but a small chance to make bank or you sell with a high chance of winning some money and a small one of getting burned. If you sell a 10% OTM call and the stock rallies by 18%, you actually lost 8% of potential growth and, since most of the growth of the stock market is during a few unpredictable days where the stock rallies a lot, you're most likely to be better by just holding. It works for some people the same way blackjack may "work", the odds are so close to 50/50 that it's not rare to find people for whom that went well over a small period of time.
Also, I don't know when you bought but the last time the price was around 132 was june 13th 2022 and exactly a month later, the price went up by about 13%, which means that you would've been burned month 1. Same thing happened in january 2023 when it dipped down to 130, but then grew 18% up to 154 in february. Getting 2% a month in covered call strategies either mean that IV is high or that your strike price is too low, in either cases, you're likely to get burned after any amount of relevant time.
Was watching my local MLB teams broadcast, before the game they have a betting segment built a three leg parlay showed every individual odds and the total odds, then verbatim said “if you bet $100 today you’ll win $256” like people just have a spare $100 lying around (also the bet did not hit)
sure cought whales could even make that guaranteed bet profitable for the gambling provider if you could cash it out directly. but damn... people are stupid.
Yea that trade line risk is crazy... if the other side manages to get a copy of the CC sent to them, what are you gonna do call the bank and claim fraud? They're an authorized user! You're on the hook and the bank will def cancel your cc.
Bought SHIB when there were seven zero's in the price. Sold it when there was four 0's in the price and bought a new PC lmao
I max out my 401k and put an additional $100 a week into an S&P 500 index fund. I’m so boring and love it.
People underestimate the amount of work and money that goes into renting out a single family home and overestimate the amount of passive income it generates.
I bought a townhouse and then later in life inherited a single family home. After maintenance, modernization, and taxes, I’ve averaged $12k per year in profit over the last 5 years. Not something to scoff at, but also not exactly a money printer.
Dude the amount of times I have heard “YO DOGE COIN IS GOING TO THE MOON MAN” followed a few months later by “WHY DID I INVEST IN DOGE COIN!? NOOOO” since I was 13 back when it first launched is fucking ridiculous.
@shubamrachappanavar2708 Investing in literally anything is basically gambling, don’t get it twisted, but there are things you can invest in that are MUCH safer bets than other things. Doge Coin is NOT one of those things. Doge coin has always been a meme with no intent on it ever being an actual investment platform, but people are stupid and see a crypto currency with a dog and go “Yeah, I want to risk my life’s savings on *that* “
the dude with the tats is actually a pretty cool guy. I worked with someone that managed his content for a while and he's kind of like alex hormozi but instead of gym owners he coaches gym coaches. makes a mil a month from what I remember. he's obviously pretty weird, but he's leveled up his content to only really give tactical advice, you should check him out.
im glad the guy in the enron hat is teaching us about finances
And don’t forget the Lehman Bros shirt
Truck payments takes the cake!!! Got two underwater truck loans, with a baby babbling behind her; "Oh, BTW, were pregnant???" My parents owned a Ford Pinto, and a rusting Chevy 1/4 ton at their age...
I learned something today. That I am doing pretty well for myself even if I make way less working at Walmart as a cart pusher. I’m content.
Also, I didn’t realize Home Depot had a credit card. lol. Learn something new every day.
For some reason I felt the need to clarify at 9:20. If the person was being paid by an employer who was sending his information to the IRS, then the employer would have been automatically withdrawing his taxes from his paycheck (like every normal employer does). So it's very likely he has been paying taxes, and could be owed money if he ever over paid. Unless he is self employed or getting paid cash.
It would be funny if he could have gotten $25000 back. I get around $1000 back every year.
Some of these people act like they are millionaires when they're not. Thats why they vote for Trump.
18:00 at least that guy is keeping track and STRESSING about it.
Not calling it an entrepreneurial enterprise
Just got a loan for around $25k for a new car, $500/month. And here I thought my monthly payments were bad... People really be out there spending almost $2k/month on a vehicle loan. That's more than my rent (and I live in an expensive area)... Absolutely insane
17:10 Dude is $67k in credit card debt and owes $13k on a car!!! Get your priorities right ffs. Edit: Dude is paying nearly $1k a year for a gym membership?!!?!
I get anxious just watching some of these clips...
At 67k in debt just go declare bankruptcy
16:16 charging air orbs obviously
🦀 JAGEX DOESN'T DO MUNDANE SHIT DAILY 🦀
LMAO
Bro needs to get sent back to lumbridge
9:20 “how do they owe him money if he never pays taxes?” If his employer overcompensated his income tax, then had he filed he would have a tax return.
As a relatively young home owner… motherfuckers never account for silent costs , tax increase , insurance increase , tenants who lose their jobs(so now youuu gotta cover the lost rent) and shit breaking randomly but clockwork lmao. It ain’t “passive” and it ain’t easy.its a privilege to own a home but make sure you’re ready for all the bs that comes with it..
a house does not go up over time
when you buy at the peak of the market, which is right now
Not where I live, I am just about to sell and I won't make back what I bought it for. The market took a deep plunge a year ago
@@CainXVIIThat has not hit everywhere yet, but it's coming.
the Enron hat is a nice touch
I heard that many people in USA don´t really ask "What does this and that cost", but more like "what does it cost per month", because many people finance nearly everything. I think it is way smarter to only buy things with money you have. Sure, things like a loan for a house or things in this price range are something different.
The bitcoin guy if he hasn't sold is now worth $87,556.03
I don't get people who get new cars. My sister who doesn't make a lot of money choose to buy a SUV of a 2023 model while struggling to pay people back and dealing with a "snow" problem. It's just dumb all for a nicer looking car, like my grandpa works at a auto recycler he could easily hook her up with a cheap car but because it isn't new she don't want it if you cannot afford it don't buy it. Shocking i know
$3k a month on cars is wild because you also have to include full coverage insurance, fuel and registration. All on a depreciating asset...and whatever the Audi adds to that total.
Why do people sign anything with interest rates above 5%. Thats completely NUTS!
It is VERY hard to feel bad for anybody with a massive car loan
These people always say they spent thousands on a mentor that made them SUPER successful but instead of telling you who their mentor was (which I'm sure the mentor would be extremely grateful for), they decide to make up a course.
Yeah, how about you just give the deets of your mentor? That is, if your story isn't completely made up, ofc.
That guy with all the credit card debt is now in about 84k in debt and filing for bankruptcy
I would be first in line for the "Spare Kidney? who needs it: How my spare organs set me up for life" book by the Glizztrioc
I just bought a 23 brand new GTI autobahn and my payment is only 490 month with 4%. That lady and her husband had bad credit
The only risk free investment is be in the nba, tell your friends that you’re going to suck/get hurt in the next game. Have them put $80k on your unders and then leave the game early. Boom $1.1mil easy 💰
4:45 how embarassing.
14% means you have no business buying that truck.
I will say the jumping on someone else's credit card trick is great if you know the person well. I didn't have much credit history cause I'm young, but my dad put my name on his card that he opened in 1989 and has never once carried a balance on, and my credit score jumped from, like, 660 to 780 and suddenly I was able to get a mortgage
19:29 THAT GIRL WENT TO MY SCHOOL AND WAS IN MY DECA CLUB😂😂😂
Renting also has the risk of tenants not paying rent, and being difficult to evict them
literally every single money you spend on renting is wasted.
everything you spend on paying your own mortgage, you will get back when you sell the house UNLESS it goes down in price, and you will live cheaper because when you rent an equal place, you will pay for mortgage + whatever the guy renting the house to you have to pay in taxes + money to give him profits on the deal.
We had mad fraud with our covid payments in Australia also
Almost all tiktok financial advise boils down to ”buy something for cheap and sell it for more”. All that varies is the way of getting the money and the volatility of the asset.
Kodak being the most reasonable example had me dying 🤣 😂 😭
greatness comes not from one single thing but from thousands of little things done perfectly
6:45 Bisexual Jesse Pinkman
9:00 I seen an ex IRS agent. They already took your taxes. They actually don't care because they just pocket your return when it goes unclaimed. Now if you owed, then they will finally come after you for back taxes. How ever not filing, they don't give a damn unless you magically have a lot of money, coming from a source they don't see. That's when they use the fact you're not filing against you in court.