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The next sub prime scam:
- Thread starter Maggot
- Start date
aw hell the last one isnt even gone away yet. they are already doing the same loans and crazy shit. they stopped for a year or two, then got backlash for not giving out loans and the whole thing started again. ever wonder why the stock markets at 17k but no ones got a job? just a matter of time and it goes boom again.
Wait a minute.... You mean someone who has a track record of not paying their bills doesn't deserve a loan?
There are no consequences anymore... and it is bullshit
There are no consequences anymore... and it is bullshit
Not if but WHEN this 'system' crashes, there should be NO rescuing any of these lenders. At all. And also, WHEN these lenders fail/topple, all outstanding debt is written off for the borrowers.
Not trying to reward deadbeats, don't get me wrong. But I AM wanting to show 'business' what to, and not to, do. You pays your money, you takes your chances.
Should work both ways.
Not trying to reward deadbeats, don't get me wrong. But I AM wanting to show 'business' what to, and not to, do. You pays your money, you takes your chances.
Should work both ways.
It's just the way the world work's, it allows the wealthy to get richer. The wealthy loan their money out and in return get real high dividends. Nothing new, just that a lot of people today just can't do any better with today's Economy. Shark's are always out there just waiting for fresh MEAT, that's the way the system works.You have to remember when you have that type of money there is always insurance to protect it!!!!
Proverbs 22:7 New International Version (NIV)
7 The rich rule over the poor,
and the borrower is slave to the lender.
I used to think that the shinier it was the cooler it made me. Then I realized my job was a job. So I quit and am in guitar building school making no money at all. I don't think there is a price tag big enough to make me go back to my old way. I'm debt free and worked very hard to get that freedom, and it feels great.
7 The rich rule over the poor,
and the borrower is slave to the lender.
I used to think that the shinier it was the cooler it made me. Then I realized my job was a job. So I quit and am in guitar building school making no money at all. I don't think there is a price tag big enough to make me go back to my old way. I'm debt free and worked very hard to get that freedom, and it feels great.
And the there's: 75 Million for not lifting a finger:
Forget the Iron Man suit: Robert Downey Jr.’s real superpower is making money. For the second year in a row, the actor has ranked no. 1 on Forbes’ list of the highest-paid actors in Hollywood. His earnings from June 2013 to June 2014 totaled approximately $75 million, exactly the same income that put him on the top of the 2013 list. Here’s the amazing part: He made the identical amount of money this year without starring in any movies.
How is that possible? Last year, he made Iron Man 3; this year, audiences can see him play a tiny role in his buddy Jon Favreau’s indie film Chef, and maybe — just maybe — in a quick cameo as Tony Stark in Guardians of the Galaxy. Not surprisingly, that $75 million payday isn’t coming from either of those films. Rather, it’s still coming from Iron Man 3, one of the highest-grossing movies of 2013. Because Downey Jr. was paid on the back end from the movie’s $1.2 billion revenue, the money just kept rolling in. Contrast that with the list’s no. 2 Dwayne Johnson (at an estimated $52 million) who had Pain & Gain and Fast & Furious 6 last year, and Hercules coming July 25.
It’s probably not going to stop for Downey anytime soon. When it came time to sign on for his next film, the Avengers sequel Age of Ultron, the actor played hardball, negotiating a better deal for himself than his first Avengers paycheck — which ended up being between $50 and $80 million. One can only imagine how much his net worth will increase if Avengers: Age of Ultron is a hit.
Currently, only Downey Jr. is commanding this kind of money from Marvel, since his Tony Stark character is considered irreplaceable. Even so, one of his fellow Avengers managed to make the Forbes list for the first time this year. Chris Hemsworth ranked no. 5 with $37 million, largely from his Thor sequel The Dark World (which out-earned the original). Other superheroes who made the Top 10: Bradley Cooper, who plays Rocket Raccoon in this Friday’s Marvel film Guardians of the Galaxy (no. 3 with $46 million); and Ben Affleck, who collected a huge paycheck for the upcoming Batman v. Superman (no. 7 with $35 million). See below for Forbes' top 10:
Robert Downey — $75 million
Dwayne Johnson — $52 million
Bradley Cooper — $46 million
Leonardo DiCaprio — $39 million
Chris Hemsworth — $37 million
Liam Neeson — $36 million
Ben Affleck — $35 million
Christian Bale — $35 million
Will Smith — $32 million
Mark Wahlberg — $32 million
Forget the Iron Man suit: Robert Downey Jr.’s real superpower is making money. For the second year in a row, the actor has ranked no. 1 on Forbes’ list of the highest-paid actors in Hollywood. His earnings from June 2013 to June 2014 totaled approximately $75 million, exactly the same income that put him on the top of the 2013 list. Here’s the amazing part: He made the identical amount of money this year without starring in any movies.
How is that possible? Last year, he made Iron Man 3; this year, audiences can see him play a tiny role in his buddy Jon Favreau’s indie film Chef, and maybe — just maybe — in a quick cameo as Tony Stark in Guardians of the Galaxy. Not surprisingly, that $75 million payday isn’t coming from either of those films. Rather, it’s still coming from Iron Man 3, one of the highest-grossing movies of 2013. Because Downey Jr. was paid on the back end from the movie’s $1.2 billion revenue, the money just kept rolling in. Contrast that with the list’s no. 2 Dwayne Johnson (at an estimated $52 million) who had Pain & Gain and Fast & Furious 6 last year, and Hercules coming July 25.
It’s probably not going to stop for Downey anytime soon. When it came time to sign on for his next film, the Avengers sequel Age of Ultron, the actor played hardball, negotiating a better deal for himself than his first Avengers paycheck — which ended up being between $50 and $80 million. One can only imagine how much his net worth will increase if Avengers: Age of Ultron is a hit.
Currently, only Downey Jr. is commanding this kind of money from Marvel, since his Tony Stark character is considered irreplaceable. Even so, one of his fellow Avengers managed to make the Forbes list for the first time this year. Chris Hemsworth ranked no. 5 with $37 million, largely from his Thor sequel The Dark World (which out-earned the original). Other superheroes who made the Top 10: Bradley Cooper, who plays Rocket Raccoon in this Friday’s Marvel film Guardians of the Galaxy (no. 3 with $46 million); and Ben Affleck, who collected a huge paycheck for the upcoming Batman v. Superman (no. 7 with $35 million). See below for Forbes' top 10:
Robert Downey — $75 million
Dwayne Johnson — $52 million
Bradley Cooper — $46 million
Leonardo DiCaprio — $39 million
Chris Hemsworth — $37 million
Liam Neeson — $36 million
Ben Affleck — $35 million
Christian Bale — $35 million
Will Smith — $32 million
Mark Wahlberg — $32 million
My grandpa once told me "I have been rich and I have been poor. Rich is better". The only things I will finance anymore are the tools I need to make money. I owe on my welding rig, but I make 80-110$ an hour welding with it. I see these oilfield idiots out here with a dozen different payments and they live in a rented house. Makes me laugh.
If you were responding to me I already have my plan for that. Give me 10 more years and I will be retired and doing some fuckoff job just to keep myself not bored.
Too much capital in the system allows those to chase yield. Nothing wrong with it so long as the governments don't bail out the losers. Problem is, massive pools of money ie banks know that the key to chasing yield is also to be to big to fail.
The principle of compounding interest will always lead to a currency collapse. The trick is to keep all the participants in the game for as long as possible, but it will eventually collapse (simple math). The most difficult part is timing the collapse because the game can be played for generations past its due date. The true science of the money game is to use worthless paper (fiat) in exchange for tangible assets and wealth building labor. Yield chasers tend to leverage junk fiat for the purpose of acquiring more junk fiat whereas the real game is played with the winner gaining lands, property, rights, and industry. Problem is that game requires a lot of time and best viewed on a multigenerational level.
The principle of compounding interest will always lead to a currency collapse. The trick is to keep all the participants in the game for as long as possible, but it will eventually collapse (simple math). The most difficult part is timing the collapse because the game can be played for generations past its due date. The true science of the money game is to use worthless paper (fiat) in exchange for tangible assets and wealth building labor. Yield chasers tend to leverage junk fiat for the purpose of acquiring more junk fiat whereas the real game is played with the winner gaining lands, property, rights, and industry. Problem is that game requires a lot of time and best viewed on a multigenerational level.
But….but… the GM bailout and the factories they built in China…….too big to fail….
Let's see $30,000 for a used Kia vs $1,000 for a beater +$500 for some used tools, some spare parts, and watch 'how to YouTubes'…..
The best part? When the all mighty dollar really does take a shit - you will be surrounded by hungry and violent people that are every bit as dumb or corrupt as the ones in the video.
Let's see $30,000 for a used Kia vs $1,000 for a beater +$500 for some used tools, some spare parts, and watch 'how to YouTubes'…..
The best part? When the all mighty dollar really does take a shit - you will be surrounded by hungry and violent people that are every bit as dumb or corrupt as the ones in the video.
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I'm not really great with money but I try the only debit I have is $4900 left on my jeep but I could pay it off tomorrow. I don't have any credit cards. I don't know if that's good or bad I had one but got rid of it 13 years ago and have never needed it. All of my tools are payed for. what scares me is I don't have a retirement plan yet. The stock market scares the SHIT! out of me. That does not mean I don't have a little bit of money stashed away. I wish I was better informed or had a better understanding of money but where do you start? I have tried reading and understanding it but the information can be conflicting.
I am.... . That is what keeps me debit free and no need for credit cards. That does not mean I have a high understanding of finances all my bills are paid and like I said I do have some money set aside. That does not mean I understand investments. I have spent all my time refining my craft and and becoming the best that I personal can be at it. If you want to know something in relation to what I do I can tell you every thing you need to know about it. NFL players make millions but often times end up broke a few years after they are done playing. Just because you make a certain amount of money does not instantly make you an expert on the subject. I know my strong points and my weak points. Understanding investments and money is not a strong point for me. Now that i am in my late 30's I am more inclined to figure it out I have 3 kids going into collage in the next 5 years I figure conservatively if they only take 4 years of collage it will run about $400k (they will have to bear a certain amount of that debt). however I am encouraging them to go longer so I think that # is a bit small on top of that I need to start to worry about retirement. When i start crunching the numbers it is a bit intimidating.
^^^^^^ yes I know there profits are staggering.. I don't have a collage education. I guess you can tell by my writing skills..hahahahah!!!! But give me some tools and let me go at it and I'll create something wonderful. That's what i get paid for.
My kids are extremely smart my son has already won a few $1000 scholarships and hes only a freshman he is ranked in the top 10% in our state My youngest son's test are all off the charts and my daughter is the same she has a 4.0 She is thinking about entering into the forensics field. Something i know little about. My son is expressing great interest in being an engineer.
I know my strengths and weaknesses I'm simply saying Money in general is not a strength. Some people just have a nack for it sometimes I wish I was one of those guys but I'm not
My kids are extremely smart my son has already won a few $1000 scholarships and hes only a freshman he is ranked in the top 10% in our state My youngest son's test are all off the charts and my daughter is the same she has a 4.0 She is thinking about entering into the forensics field. Something i know little about. My son is expressing great interest in being an engineer.
I know my strengths and weaknesses I'm simply saying Money in general is not a strength. Some people just have a nack for it sometimes I wish I was one of those guys but I'm not
+1 on this. If they don't have any skin in the game they may not give a crap about grades. I told my two kids to not expect a dime from me. One is about to graduate and has not gotten a dime from me. All her school is paid and she has stayed at the top of her class. The second is just starting and I expect the same from her. Best thing I could have done for them. Learn to be dependent on no one but themselves.
Yep, got one working on her Masters, got one just starting out, both are hoofing it themselves at the U of M. I have helped, but just by a bit. They are bound and determined to get thru college themselves.
If the stock market scares the shit out of you, learn to utilize it.
Check out latf, nihd,gsat.each has a different learning curve.
If the stock market scares the shit out of you, learn to utilize it.
Check out latf, nihd,gsat.each has a different learning curve.
I fell into the whole debt hole when I was younger. Got some credit cards, maxed them out. Had a car reposessed any just stupid stuff on my credit. Well once I enlisted into the army I couldn't get a security clearance. Well I finally just paid everything off this past January. It took me 7 years but I didn't file bankruptcy. Now I have my clearance and no debt. It's feels fucking fantastic!
