What’s some social media financial advise that’s actually terrible ?
- Thread starter BrothaZay
- Start date
The entire NFT/Crypto-sphere
IIVI
Superstar
Know that most financial and professional advice you see on reddit, social media, etc. are from 14-20 year old kids who think they got the world figured out and rehashing shyt they read about or somebody is telling them. That's not expert advice or cheat codes you're getting.
Seriously.
Folks be talking about the economy in 1 thread, giving somebody advice that they should be doing "x,y,z with their career" then in another thread they're asking for help with their Sophomore English/Lit homework. Especially with ChatGPT now where you can sound more professional/mature.
If they ain't verified or proven take the advice you read online with an enormous grain of salt.
Not even just for financial advice, those dumbass kids are arguing against many things that they're completely naive about.
They tryna hear the sound of their own voice more than anything.
Over there arguing about reality and shyt, like their dumbass got the answers
Seriously.
Folks be talking about the economy in 1 thread, giving somebody advice that they should be doing "x,y,z with their career" then in another thread they're asking for help with their Sophomore English/Lit homework. Especially with ChatGPT now where you can sound more professional/mature.
If they ain't verified or proven take the advice you read online with an enormous grain of salt.
Not even just for financial advice, those dumbass kids are arguing against many things that they're completely naive about.
They tryna hear the sound of their own voice more than anything.
Over there arguing about reality and shyt, like their dumbass got the answers
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Vandelay
Life is absurd. Lean into it.
Buy a brand new car to avoid the maintenance in a used car.
beenz
Rap Guerilla
all the crypto advice on here has been certified trash. same goes for anyone advocating meme stocks.
LunaticVillage415
All Star
“Why are you still working a 9-5? Quit your job today with no real back up plan and get rich off some obscure real estate hustle...”
“You can get a PPP loan without an existing business to start a business...”
~ untrustworthy slimy grimey hood nikka that just came home a year and half ago after doing ten years in the feds for fraud
You can make $200k a year doing some over saturated hustle that involves basic shyt like reselling old clothes or books from the thrift store. But 90% of that used shyt costs a dollar but is also worth a dollar.
“You can get a PPP loan without an existing business to start a business...”
~ untrustworthy slimy grimey hood nikka that just came home a year and half ago after doing ten years in the feds for fraud
You can make $200k a year doing some over saturated hustle that involves basic shyt like reselling old clothes or books from the thrift store. But 90% of that used shyt costs a dollar but is also worth a dollar.
This one is my favorite.
Yes it has a warranty but you are still spending money in your time of dropping off the fkn car and or waiting for repairs. Let’s not even talk about lower brands that don’t give you a loaner.
Even a $400 per year note is $4800, which here in Houston will get you a full engine replacement if you know where to look
Makavalli
Sinister is a system
I hate how my homies who barely passed high school or got community college credits watch a few EYL videos now they go out there way to school me on how i should spend my money or put in on their side hustles
Like im really gonna consider taking advice from nikkas with less money and more debt than me
Like im really gonna consider taking advice from nikkas with less money and more debt than me
T’Challa’s Heir
Superstar
Generally agree, but I think if you’ve got a sub 2% interest rate on that loan, there’s no real utility in the shorter note. My last car was 1.5% across 72 months. The 2 extra years added about $800 to the total cost of the car, which I think came out to line $7.77/month for a decent reduction in my monthly payment.
Again this does not apply if the interest rate isn’t near 0 or 0.
threattonature
Veteran
I got a friend just like that. Funny part is he tried the school route and the regular job route and could never keep a job. So then he turned into being all about the online stores. Then it became paying to join a few different dudes discord for option and stock advice. Then betting. Then flipping houses. Everytime I ask him if these are such sure fire money makers then why would they spend all that extra time trying to recruit people to pay them. Or in the flipping house scenario he was saying how it was a 50% return on investment. Again I was asking if they are caking up like that why do they need your money to help?I hate how my homies who barely passed high school or got community college credits watch a few EYL videos now they go out there way to school me on how i should spend my money or put in on their side hustles
Like im really gonna consider taking advice from nikkas with less money and more debt than me
This very forum made me an easy five figs on crypto and kicked off my journey in that space back in 2017. There has been some excellent info dropped in the main crypto thread.