Saving Money such a cope!

[Cleetus Cornfield]

Since a child your always given the advise to save money. Yeah of course you should waist your money on dumb shit but saving money isn't that great of an investment either unless you are legit saving up for something you need.

A year ago I opened a fixed rate ISA with 5% interest after it matures in a year.

I put £3.1k into this fucking thing.

A year later... the bank grants me £163 in interest.

THANK YOUR ROTHSCHILD FOR BLESSING ME WITH YOUR WEALTH!!!!

I could have invested that money and received a a guaranteed minimum 20% increase within like 6 months. But no, instead I chose to fucking save it in an ISA that I can't withdraw from for a shitty 5% increase.

The banks are not your friend.

 

[Zeekie]

Absolutely. "Saving" money is a completely stupid idea. The only money you should be saving are 6 to 9 months of easily accessible cash you have in case of any emergency (aka. emergency fund), money you use in case anything goes south (medical emergency, you lose your job, etc.). Otherwise, people should be using their money for their needs, using a little bit for wants and the rest going straight into investment (investing in your looks, courses, stocks, or anything that will make you more valuable as a person or which by itself will go up in value).

 

[Cleetus Cornfield]

Absolutely. "Saving" money is a completely stupid idea. The only money you should be saving are 6 to 9 months of easily accessible cash you have in case of any emergency (aka. emergency fund), money you use in case anything goes south (medical emergency, you lose your job, etc.). Otherwise, people should be using their money for their needs, using a little bit for wants and the rest going straight into investment (investing in your looks, courses, stocks, or anything that will make you more valuable as a person or which by itself will go up in value).

I could have invested it so much better.

I tell my mum this shit and she's like "well its still something "

But it could have been so much more.

 

[chadlitecurry]

Since a child your always given the advise to save money. Yeah of course you should waist your money on dumb shit but saving money isn't that great of an investment either unless you are legit saving up for something you need.

A year ago I opened a fixed rate ISA with 5% interest after it matures in a year.

I put £3.1k into this fucking thing.

A year later... the bank grants me £163 in interest.

THANK YOUR ROTHSCHILD FOR BLESSING ME WITH YOUR WEALTH!!!!

I could have invested that money and received a a guaranteed minimum 20% increase within like 6 months. But no, instead I chose to fucking save it in an ISA that I can't withdraw from for a shitty 5% increase.

The banks are not your friend.
View attachment 3627330

How would u get 20% in 6mnths?

 

[Cleetus Cornfield]

How would u get 20% in 6mnths?

Buying shit and re-selling at a higher price.

Loads of opportunities to do this type of shit.

Ive done it with shoes, retro games, in-game items (e.g. Counter Strike)

But the most ive ever made from a re-sell is like £60 max cause im too scared to invest more.

But it's literally guaranteed 20% profit with all this shit its so ez.

 

[chadlitecurry]

Buying shit and re-selling at a higher price.

Loads of opportunities to do this type of shit.

Ive done it with shoes, retro games, in-game items (e.g. Counter Strike)

But the most ive ever made from a re-sell is like £60 max cause im too scared to invest more.

But it's literally guaranteed 20% profit with all this shit its so ez.

no there's nothing "guaranteed" in these things, I hve done these things too and I think 80% of teenagers have. I still have my thor and ironman marvel 500$ action figures which I was trying to resell. The buyer dumped me

 

[Cleetus Cornfield]

no there's nothing "guaranteed" in these things, I hve done these things too and I think 80% of teenagers have. I still have my thor and ironman marvel 500$ action figures which I was trying to resell. The buyer dumped me

im a better salesman

 

[chadlitecurry]

im a better salesman

Good for you then bro, I hope you get what you want in life (I never got the chance to meet buyer)

 

[Cleetus Cornfield]

Good for you then bro, I hope you get what you want in life (I never got the chance to meet buyer)

Have you still got them listed up for sale?

Realistically they will sell eventually it just might take a few years. Investing and re-selling can often take time.

 

[chadlitecurry]

Have you still got them listed up for sale?

Realistically they will sell eventually it just might take a few years. Investing and re-selling can often take time.

See I won't lie here and I am not being sarcastic. I have kept them from past 2 years as showpieces just to remind me of my foolish decision AND to not ever go against numbers (just like you). Many times we draw conclusions based on our guts, its very beneficial for self help but dangerous in financial decisions. I don't know if users on this forum can even digest conversations like these so if you're just gonna try to reply something funny because you didn't understand a shit, I dnt care bro go fuck yourself. If you got what am saying then thats my opinion

 

[Cleetus Cornfield]

See I won't lie here and I am not being sarcastic. I have kept them from past 2 years as showpieces just to remind me of my foolish decision AND to not ever go against numbers (just like you). Many times we draw conclusions based on our guts, its very beneficial for self help but dangerous in financial decisions. I don't know if users on this forum can even digest conversations like these so if you're just gonna try to reply something funny because you didn't understand a shit, I dnt care bro go fuck yourself. If you got what am saying then thats my opinion

Bro you can still put them up for sale, it's free.

Like I said re-selling can take time. That's why it will always be an extra income on the side cause its so hit or miss.

Don't give up selling them honestly!!!

Ive got some Yeezy's rotting away in my room that I should have sold a while back. Granted I would've only made £15 but they've now dropped £10 below market price. HOWEVER, they will probably go back up again at some point considering Kanye is never going to have a deal with Adidas again in his life. Limited production.

Same goes for your Marvel Figures. There are plenty of Marvel nerds who will be willing to spend money on a rare figurine. It wasn't even a dumb investment cause there is clearly a market for them. Don't give up just yet.

 

[Part-Time Chad]

Investing is addicting.

 

[Deleted member 136984]

true dat

 

[illoan82]

Since a child your always given the advise to save money. Yeah of course you should waist your money on dumb shit but saving money isn't that great of an investment either unless you are legit saving up for something you need.

A year ago I opened a fixed rate ISA with 5% interest after it matures in a year.

I put £3.1k into this fucking thing.

A year later... the bank grants me £163 in interest.

THANK YOUR ROTHSCHILD FOR BLESSING ME WITH YOUR WEALTH!!!!

I could have invested that money and received a a guaranteed minimum 20% increase within like 6 months. But no, instead I chose to fucking save it in an ISA that I can't withdraw from for a shitty 5% increase.

The banks are not your friend.
View attachment 3627330

why do incels/kids shoot up schools when they can just mangione these type of people

 

[Cleetus Cornfield]

why do incels/kids shoot up schools when they can just mangione these type of people

not too sure what you mean by that buddy.

The only people incels should Mangione is themselves or big bankers

 

[Canwefixit]

The funny thing is that £3,163 you now have, will have less purchasing power in 2025 than the purchasing power of £3,000 in 2024.

 

[Cleetus Cornfield]

The funny thing is that £3,163 you now have, will have less purchasing power in 2025 than the purchasing power of £3,000 in 2024.

I know it's fucking rope fuel. Money is becoming more and more worthless.

 

[thereallegend]

I could have invested it so much better.

I tell my mum this shit and she's like "well its still something "

But it could have been so much more.

We’ve gotta stop obsessing over getting rich quick and living some unsustainable fantasy lifestyle.

The 5% is good.
It at least hedges against inflation.

As long as you weren’t suffering from the lack of liquidity you’re ok, fine and dandy.

 

[Cleetus Cornfield]

We’ve gotta stop obsessing over getting rich quick and living some unsustainable fantasy lifestyle.

The 5% is good.
It at least hedges against inflation.

As long as you weren’t suffering from the lack of liquidity you’re ok, fine and dandy.

true.

Social media gives unrealistic financial expectations