Fuck pivot already you FED niggers. I don't want to sell my assets. They are going to keep squeezing me until I sell, and then they will pivot, aren't they?
>>56135426How did you get into Credit Card debt Anon?
My debt repayments are getting huge now, if it keeps going up I'll have to sell my house and my cryptos to put bread on the table.Powell needs to pivot NOW, fucking NNIGGERRRRR
>>56135426>They are going to keep squeezing me until I sell, and then they will pivot, aren't they?Powell literally told you that was the case.
This is why you NEVER carry a credit card balance. The interest rates on today's cards are absolutely insane too (some are 22%+)The only good debt is low interest mortgage debt, as you'll get equity from your home.
>>56136931This.>Open Credit Card>Pay it off every month>Treat it like a debit card and reap the rewards>Get the benefits of the cashback or bonuses while never paying extra.Simple as.
>>56136868what a butthead
>>56135426I have never paid a cent of interest on my credit card and I run all my transactions through it and have an 830 credit score. Why are you fucking up this bad?
>>56136931>>56136948>>56137056Based. Carrying credit card debt is one of the lowest IQ moves you can make.
>>56135426Anon you still haven't told us how you got into credit card debt. We are waiting.
>>56137113I am a reseller. I buy stuff on clearance and resell on eBay. Been a lot of good deals lately. I increased my inventory by like $40k in 2 months. Went a little overboard.
>>56137157Have you considered getting a real job? kek
>>56137313Nah. I did $220k in sales last year. I'm good.
>>56137359>drowning in CC debt>thinks he's goodLOL
>>56137157It sounds like you’ve taken a shitton of debt without reading too much into this. What are you selling on eBay? You need to lower your margins.
>>56137515The problem is I do retail arbitrage. I buy from big retail stores. Lots of other resellers do this too. So you end up having to wait to sell, because all these other idiots race to the bottom uncutting each other. Have to wait for them to sell out. I am liquidating my older inventory soon, just waiting for Christmas to be closer.
>>56137157Uh oh, anon bought Pokémon cards on the dead cat bounce
>>56137525If the debt is outpacing you, you’re just taking on more risk the bigger your inventory. So you really just need to focus on selling the shit you have. Not a terrible business model depending on the rates you get.
>>56137551Yeah, agreed, I will do that.
>>56135426I pivoted your fat Jewish mom last night lol.
>>56136868This, he said its straight up.
>they went into debt
>>56136868we made it in a Wuhan lab we funded!
>>56135426>The crash comes after the pivot.
>carrying cc debtWait, people (that aren't debtmaxxing before an heroing) actually do this? Why? Are you retarded? It's not like FFR even matters for junk debt like CCs, they were still averaging +15% when rates were zero
Your cards aren't just proxies for your debit card?Isn't that how this works?Why did you let it get out of control?I just buy the same shit I usually need and pay it off.
>>56138909yeah I heard on MSNBC that inflation was fixed now so what gives?
I don't use my credit card and i don't care about my credit score. I don't even know what it is.
>>56137551I can’t imagine this is profitable. eBay takes 13-15% and I see new shit selling on eBay for cheaper than it is at Walmart. So cheap I wonder how you can even ship it for that cheap. You must be making max a couple bucks per sale. When you factor in how long it takes to ship it that’s probably why you’re drowning in debt
>>56137359>$220k grossSo you cleared, what? $20-40k? Kek, you know waiters make $40/hr with tips, right? You're making less than poverty wages>>56138986Junkie shoplifters keep ebay afloat
>>56138986>>56139061>Buy things for 75-90% off>List it on eBay for 50% off normal retail>double your money>customer thinks they are getting a steal>rinse and repeatYou'd be surprised how profitable it is.
>>56139170>buy for 70% off>sell for 50% off>$220k GROSSSo I was correct in surmising that you make less than a waiter, while exposing yourself to significant risk (see: $40k in cc debt)?
>>56139640You are right. You're always right. Well done.
>>56135426why wouldnt you literally just debt maxx and not pay them back? i maxed out 140k on credit cards 2 years ago and never felt better
>>56135426>>56137157As a wagie, I have guaranteed income, so I can pay off my debts. You merchant niggers sink or swim by the Fed's policies. You deserve what you get.
>>56139170I’m an eBay seller as well and shipping is what’s nuking my margins. These shippers are out of control. Some of my items are free for me but I still get fucked on shipping and promotion fees
>>56139969yeah also ebay changed their game. they know try to kike you into paying the "promotion" fees. they basically hide your items from search results unless you cought it up. i notice now the algos dont let my shit get sold for 2 weeks then one day my shit gets shown in searches or something because i get a half dozen sales like clockwork on 1 day every 2 weeks where every other day nothing happens. and i never pay the promotion kikery
>>56137056You're giving me Tap card vibes. Unlike Swissborg charging a hefty 4.5% for card transactions, Tap keeps it at a solid 0%. No annual fees or delivery charges to get the card, plus you get transaction notifications and can freeze your card if it's lost.
>>56138949You're stuck in the old world, Anon, if you're not rocking one of those credit cards – Wirex, Revolut, and especially the Tap card. They're all about financial freedom, easy vacation funds, seamless crypto trading, and a whole bunch of other sweet perks.
im close to maxing out my cards and buying crypto for october-dec and hope for the best. at this point i have nothing to lose. im laid off already and no other jobs near me