it's true"Listen, I'm going to tell you something most people don't want to hear," O'Leary said in a December YouTube video titled "If You Want To Get Rich, Stop Buying These 5 Things." "You're broke. Not because you don't make enough money, not because the economy is rigged against you, not because you didn't get lucky. You're broke because you keep buying stupid things that are keeping you poor.""Buying a new car is one of the dumbest financial decisions you can make," O'Leary said. A car drops 20% to 30% in value the second you drive it off the lot, he explained, turning thousands of dollars into dust—for nothing but "that new car smell." And leasing? "Leasing is the absolute worst," he said. "You're renting a depreciating asset… You gave the dealership thousands of dollars for the privilege of borrowing their car."The average American spends nearly $4,000 a year eating out, according to data from the Bureau of Labor Statistics. O'Leary runs the math: investing that same $3,500 annually for 30 years at 10% could become more than $600,000. "You're trading half a million dollars in retirement wealth for convenience and fancy meals you'll forget about in 24 hours," he said.
>>524674828>it's trueOh so you're saying I can just say I'm a Jew therefore give me an interest-free loan and I can invest it pretty much anywhere and get free money?I didn't know that. Let me just hit the print button and make a couple trillion to loan out to people like me at practically 0.0001% interest, and if they make mistake, simply add an additional 0 before the one to cover the loses.To prove what a genius elite that I am, of course.
>you're broke because you failed to become a politician and get some hand outs from people who are robbing the US treasury blind, so much so that it's actually in debt to the thieves who are stealing from itfixed
I feel like the actual rich guys put this retard in a suit because his punchable mug is so great for rage baiting. He spoke in a fucking business class at Harvard one time and basically spent the entire lecture telling the students they aren't shit and aren't going to do shit with their lives. Fantastic. I'm sure everyone there was glad to have attended that one, instead of studying for their exams.
>>524674828>The average American spends nearly $4,000 a year eating outreally? are there wealthy people who are eating out constantly and purchasing very expensive meals to pull this average up? or are they also factoring in going to the food store as eating out? o'leary is a faggot though he his partially correct with this advice but i have a hard time believing the average american spends 4k dining out each year.
This faggot makes me ashamed to have a Lebanese grandparent. Well more than I usually am at least.
>>524674828He is unironically correct... most people are broke because they have no financial literacy.
>>524674828he's rightyou can save every penny and live on just rice and drink only water
>>524674828being financially savvy sort of requires you to be locked into saving every penny albeit, unless you have a well paying career then you wont really have any disposable incomethat said there's only been a short period in the span of history where society has been structured the way it is now combined with the technology, so banking on the status quo continuing for the next 30 years seems really arrogant
>>524675795>you can save every penny and live on just rice and drink only waterI'm really glad you chucklefucks are stuck on this shit site instead of running the country. Proper nutrition is arguably the single best thing you can invest in. I'll never forget actually working with this poor computer nerd through a temp agency. They sent this string bean from Georgia over to move furniture for me, and this kid just had a fucking jar of peanut butter and a loaf of multigrain for lunch. Nothing on his forearms, nothing on his legs, and we had to use a shoulder dolly for every lift, and he couldn't do something like pick a desk up to put it on its feet. It had to be rolled onto its feet after assembly. I was basically on my own for stairs with turns, and everything had to be slowed down egregiously. He flat out wasn't eating protein. I guess he worked at a pork plant nearby and saw someone drop a chop on the floor and pick it up to throw back on the line. That's gross, and it costs money, but holy fucking shit if there's one piece of advice I can give any man it's to eat some fucking meat, especially if you're going to be doing real work.
>>524674828>Instead of eating out, you should invest that money and earn 4% per year. Learn to eat out of garbage cans or steal from grocery stores to survive.
>>524675795>retard has no idea what beri-beri is
>>524674828Leary murdered two people. He should be in jail.
>>524674828Then why does this nigger own a boat he runs over poor people with?
>>524674828the system is rigged against you
>>524674828>you're poor because of your stupidityAnd you'll burn in hell because of yours.
>Leasing a car is stupid>Buying a car is stupidSo what are we supposed to do if we need a car for work?
Mmmm, no thanks I'd rather vote to steal you money instead LOL!
>>524677725why do you keep spamming this alaskan boomer?
>>524675461The average Californian white person eats out every day.
>>524675691yeah but also his MUH INVESTMENTS case is built on the stock market not being a house of cards scam where ~90% of growth since 2008 has been in inflating asset bubbles and magic beans tech stocks.
Start fake services and get bankrolled by the govt, give some to govt actors, get billions sent.
>>524674828Well I mean like dis nigga ain't wrong fr no cap
>>524678633There's nothing wrong with investing if you know what you're doing... problem is most people don't know what they're doing and treat the stock market like a get-rich-quick scheme instead of looking at the long-term. But it all boils down to understanding finances... most Americans understand nothing about finances which is why they are broke.
>>524674828memeflag kike promoting a third rate cable jew tv personality
>>524676660sorta checkthat bodybuilding kid that's always posted here only eats peanut better sandwichesso bread and peanut butterand lots of steroidsand there is loads of protein in peanut butter. you literally need to sit down and plan out a diet that has no protein in it in order to have a protein deficient diet. protein does not give you energy at all. it is used to build and repair. protein is literally the least important thing you need to worry about when it comes to nutrition. you only need about 5% of your calories to come from protein, and if you ate white rice alone you would have more than enough. have you heard of rabbit starvation? this is when there is plenty of lean protein to eat, but no carbs or fats. this very quickly leads to death. muscle mass is a result of exercise, not food choice. he was skinny because he had a desk job and didn't exercise.
>>524678544Yes we do
>>524680621Not eating well is a good catalyst for not exercising.
>>524674828>investing that same $3,500 annually for 30 years at 10% could become more than $600,000Yes, because 3.5k will be worth around 600k in 30 years you fucking Irish bald faggot. And what fucking bank is giving you 10% on 3.5k to begin with?This is yet another faggot millionaire going "hurr just eat ze bugs and live in ze pod its cheaper!!!" while he worries where he will park his 20th car and if he need to build a 5th garage for it near his villa.
>>524675218>so you're saying I can just say I'm a Jew therefore give me an interest-free loan and I can invest it pretty much anywhere and get free money?I literally did almost exactly this. now, I have a comfy nest egg, a decent house, and financial stability. t. goy who married a busty Jewish princess
>>524679977checkand why is that? because the powers that be want things this waymandatory schooling was devised as a way to break people's minds so that they would be ok with working monotonous factory jobs where they had no creative input. ford, for instance, had a terrible time keeping employees, even in the great depression and with super high wages. this is because people hated putting in one component of a car over and over on the assembly line. i get frustrated too, but i try to remember that i was like that too with money, because my parents were shit with money and always stole mine. i had an easy come easy go viewpoint that persisted long past the initial stimulus. which is a fancy way of saying i pissed away almost every dollar i ever earned. handling money is a skill, not an intelligence issue as many might think. there are tons of thirdies (but not filipinos) that are great with money, i've met them. unless they're on gibs they are usually thrifty and sensible people. there are manifold think tanks and such organizations that spend all day every day figuring out ways of making you more insecure, more needy, more hollow and dissatisfied with your life that you fill it with expensive food, travel, clothes, funko pops and labubus. you can look for john taylor gatto on youtube, a teacher who had done an amazing job researching the origins of modern schooling. it was set up by wealthy industrialists to destroy the minds of the working class. it was based on the prussian system. classes were broken up and divided by bells so that they would be used to picking things up and dropping them on command. this precluded long periods of contemplation and thought. if the working class were learning pic related, then they would pose a threat to the ones at the top.so they get loyal slaves and consumers. we get to go to work again.
>>524681078>all my kids will be Jewish Hey good for you bro. Just dont larp as a nazi
>>524680861true.but what that kid was eating was a deconstructed peanut butter sandwich. if he had a pb sandwich, he never would have posted this. it is only "bad food" because it was in the pre-assembly stage.it was just someone unused to manual labour is all. put someone on the carnivore diet and make them sit around all day. will they look like rich piana? and he ate nothing but chicken breast, powder and drugs
>>524674828My truck is worth more than what I paid for it 4 years ago. I do however grow or hunt almost all my own food and my wife cooks our family every meal.
>>524674828i bought a new car because i literally spent two decades repairing my pos cars, some that were broken down for six months at a time. I could not work a job. and I am not going to drive someone else's shitbox where they got diaper shit or jizz or smegma flakes on it. the depreciation is not a thing anymore. the price is linear with the number of miles from new to 100k.
>>524681360
>>52468098710% is the average annual stock market return.
>>524680987he's a professional gaslighteri remember seeing him over a decade ago talking about how he only ever worked one job in his life, then vowed to never to it again because it sucked so much shit. so he's right about thathis purpose seems to be to get people mad at anyone but the people causing the problems. he knows the economy is fucked but the economy is sort of like magic and we all have to believe. once enough people don't believe anymore, the whole thing falls apart and there goes all of his holdings. he has a point, but so do you.
>>524681432No fuck the jews and fuck israel.
>>524674828>O'Leary>O'Leary's mother was a skilled investor, investing a third of her weekly paycheque in large-cap, dividend-paying stocks and interest-bearing bonds, ultimately achieving high returns in her investment portfolio. She kept her investment portfolio secret, so O'Leary only discovered his mother's skill as an investor after her death when her will was executed.[25] Many of his investment lessons came from his mother, including the admonition to save one-third of his money.
>>524681211>Just dont larp as a naziIf people friendly with Jews irl, brown people, and literal Jews stopped doing that, this board would look nazi-free. It would look like reddit. Meanwhile, if you've ever real-life affluent liberals, you'd realize that most of them are a car break-in away from sounding every bit as a "nazi" as /pol/ chuds post on this board
from the invention of capitalism by michael perelmanhttps://files.libcom.org/files/2022-05/The%20Invention%20of%20Capitalism.pdfpeople were systematically forced out of lifestyles where they could be self sufficient, as the factory owners needed workers. nobody wanted to work all those hours for things they could have gotten much more easily themselves.all in all a very violent process. this was the industrial revolution in a nutshell, only the people at the top got any benefit from the increased output, while everyone else ended up miles worse off
>>5246815882/3
>>524681094You are absolutely correct, public schooling is awful and it exists solely to create a perpetual class of underclass slaves. With that being said there should be a level of personal responsibility especially in the age of unlimited free information. Public school might not teach you about financial literacy or self-sufficiency but there is an infinitesimal amount of useful information that people can utilize and obtain right now. The reason why you see a lot of third-worlders that are good with finances is because their families community hold them accountable, the same cannot be said of modern American culture. Our culture hates accountability, and prioritizes short-term gratification... which has led us to this country's current predicament.
>>5246816123/3
>>524681515Kek I actually agree
These kikes are all going to be literally eaten. We no longer have to do a fucking thing. We never did. They do it to themselves every time.
>>524681655checkwe have communities?why look up information on thrift if your value system is skewed towards conspicuous consumption? that's the trick, like 1984, to get you to a place where even conceiving of rebellion is a null issue. this is also why you have a nation of gun owners that didn't do shit in 2020. they simultaneously hold "government bad" and "back the blue" and "ra ra military" thoughts in their minds, despite those being the very people they would face in their insurgency fantasies. i have a pet idea that most people would be good with money if they didn't get their minds broken by school and the media.
>>524678117Thankfully public transportation cost has been raised to match vehicle costs, not to mention being slower for anything under 5km and completely unavailable outside 8 places in the country.Thankfully motorcycle insurance is high enough to offset any savings on vehicle and gas costs.
>>524679977Literally 0 companies think beyond 3 months so how could any investing be considered long term?
>>524678117he's a typical american faggot, capitalists are scum that need to be robbed.this guy telling you to not buy or lease a car, meanwhile he owns several luxury houses and over 20 exotic cars, speedboats and a fucking yacht. His assets alone when liquidated after his head was chopped off his body, and his dick cut off and shoved in his stupid big fat mouth, could pay for 2 million americans geting an average car with insurance.
>>524681913Our country's value system has been tainted I will agree, and our only way forward is deprogramming our loved ones who have been brainwashed. I've already doing that with my siblings and friends to varying degrees of success. Some people can't be saved unfortunately...>>524682463There are other things you can invest in... commodities, land, etc. As for stock market investing I've personally seen people have successful investments in the stock market, and others who have lost more than 40,000. It boils down to your level of knowledge and risk mitigation.
>>524678117Buy a cheap used corolla, never buy new.
If you had invested $100,000 in 2020 today it would be worth the equivalent of $50,000.
>>524674828Kevin O'Leary is a vile kike who threatened students that he would never hire them if they protested against Israel. He should not be allowed to live in human society and should be forcibly deported to Antarctica to be eaten by penguins.
