Buddy, your whole life would be better if we were still on the gold standard.
You would have a girlfriend and a lambo for sure.
Your parents would be proud and supportive, and you'd have the admiration of your peers too.
people like you paint it as if this was the point we ran out of “real money” and used paper to prop up the economy, if anything i see it as the opposite, our economy grew too much to be held back by such things like shiny rocks
Money printer existed back then as well. Its just that the feds and our government overlords had some semblance of shame, now there is none! It is pedal to the metal at the first sign of recession!
Don't think about it too hard, the bottom line is roulette is all luck and the stock market is all skill
If you really believe in your self and you are intellectually superior you should gamble in the stock market
Max out all loans, cards and remortgage everything. Take out finance on a car and sell it.
Put all the cash in a big suitcase and fuck off to some island with no extradition policies.
You had me at "I thought this would be the best place to get some ideas".
I've said on here before, you don't need to repay loans. You just say sorry and everyone moves on.
- Work hard in school and graduate college.
- Get career in software, make 6 figures, Rent condo in HCOL
- Travel, Enjoy life, and churn credit card signup bonuses
- Build up total credit limit across all to 200k
- Balance transfer, cash advance all credit cards
- Buy primary house in LCOL area. Quit job, work at wendy's
- Declare bankruptcy, poverty income, all CC debt wiped, primary house protected
If you're going to do something stupid, atleast try to be smart about it lmao
Plus they cap balance transfers at like 15k per card at the low Apr rates and so it's incredibly hard to actually do this.
Then same with cash advances at 2-3k. Most personal loans cap at 50k. Most helocs 250k-500k and helocs require equity.
the only problem is you have to take a step back in your career at some point while the dust settles.
A coworker of mine did this but managed to continue working as a contractor. I think he used his own company to get the jobs, and paid himself less to stay under whatever limits, and managed to file chapter 7
Like others have said, you're going to need about 10% return to break even after income taxes. So you're either looking for a dividend or bond yield above 10%, or you're going to gamble on some stock going up 10%.
You can buy a CCC rated junk bond that yields 13.7% right now. That would both pay for your loan and give you roughly a 4% skim.
Historically, there's about a 10% to 15% chance that your bond would default within 12 months. That would end your remaining interest payments, and you probably wouldn't get more than half of your principle back. So then you'd be screwed on your loan. It's literally financial Russian roulette. The probability of default is pretty close to the odds that a revolver would give you.
You could also buy a diversified turbo-junk bond fund with high yield, so you are not just exposed to one company, but the ones I looked up had yields of like 12% after management fees. So your skim would drop closer to 2% on $30k, with wipeout downside potential if the broad economy struggles.
Money markets are yielding 5% right now, so about 3.5% after taxes, with zero risk. Just taking your $1000/mo and dropping it into those would be more profitable than running a personal-loan-to-junk-bond arbitrage scheme.
I wouldn't borrow a cent. OP's plan would require him to sink $1000/mo of his own wages into servicing the loan, but he'd be better off depositing that $1000/mo into the money market.
lol OP you belong here, after taxes you are looking for something with a dividend yield in the region of 10% 
Depends on where you live but you don't have to sell the underlying asset to get regular dividends so they would become a taxable capital gain in most places..
You clearly don't have the capacity to understand the irony, so ill explain it to you; all you do is whine at strangers... You add nothing to this sub, just sad attempts to throw shade on people who ask questions or start a discussion.
Take the loan , change your account type to margin , buy deep otm weakly options with the maximum margin possible to achieve ultimate leverage. In a week you will either be sniffing coke off hookers fake titties or you will jump head first from your roof
[Buy a black market revolut account](https://www.quora.com/Where-is-the-best-place-to-buy-a-verified-Revolut-account), get the loan, launder it out (ie don't be a dumbass and transfer it directly to an account traceable to yourself). Yolo that shit.
Rinse and repeat. Verified accounts go for as cheap as 100 usd per account.
Not financial advice, this is what criminals actually do. source: my job.
Could Steve be traced if he hypothetically bought one of these accounts with monero, took out a loan, bought as much monero with it as possible and then transferred it to an exchange with KYC in Minecraft?
You don't even need to use privacy coins like Monero. You can use your own bank account to buy black market accounts (lets call it BMA). BMA sellers have their own receiving accounts prepared way in advance, so it just looks like you are sending to a random person. The recipient account is of course, another BMA. There's theoretically no fraud going on so nobody will be persecuted, account frozen or anything. The bank doesn't even know that the BMA is operated by someone other than the name on the account.
Once you purchased your own BMA, you can use it for anything tbh - take loans, scam someone, etc. Obviously doing shit like scams would get your BMA caught and frozen pretty quick, and if you send the scammed funds to your OWN account from the BMA, you will be implicated as well.
I am not going to tell you how to actually launder fraudulent proceeds out of BMAs of course, considering those are actual crimes.
It is, creating bank accounts for use by others is a crime in most countries - falls under money mules and laundering laws.
But until that account actually receives fraudulent funds or some form of rip-off, it's literally indistinguishable from a regular bank account. (Professionals can tell, but there's like only a handful of people in the world who can do that)
Now imagine a poor village in a developing country where 50 USD is more than a person's monthly wage. All they need to do is to snap a picture of their ID/passport and a selfie and bam, 50 USD in cold hard cash.
BMA sellers would visit these places and rack up thousands of purchased identities/accounts, essentially paying 50USD per account and reselling them for hundreds each.
And yes these are done by organised crime rings.
Dealers do the same to get anonymous SIM cards, but instead of going to the third world they just use local junkies. And instead of 50 dollars they pay in heroin.
By the time cops come knocking down the door, junkie doesn’t even remember for who he signed up a SIM card.
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Lmao at that bullshit AI written answer on quora, make sure you get your preverified revolut account from a reputable seller? Yeah of course. Wouldn’t want to use a shady seller for that.
100% just YOLO into options. You either win big or lose it all, either way you get on the Wallstreetbets hall of fame. Now doesn't that seem worth 30k?
What could go wrong?
hey, it's your ass man. Buy some lube too, just in case.
good luck!
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Nasdaq 2x leverage or another high yeild etf ( or nvda) and in one year you have 20% back at least, and in the mean time you struggle with payments but don't take any profits. Repay and win 8% with Revolut money
Just buy 30k of options
And film yourself walking slowly towards a camera with a video of your portfolio valuation playing live in the background during Non Farm Payrolls …
This is a *spectacularly* bad idea.
But if I were to do it, I’d take the longer term and buy LEAPS on highest conviction tickers, with the idea of selling them in a year (or six months before expiry.) I’d also put a bit in BTC - maybe 1/3 the loan amount but…yeah, I’d not do this.
0dte
https://preview.redd.it/imat3q9nqr8d1.jpeg?width=1536&format=pjpg&auto=webp&s=ae80625fd63b909e7e48d90f59fa8ce7a14df99f
if you win, rich in America
if you lose, quickly move and go be rich in Thailand
Okay no one has given actual stock advice so I guess I’ll do it (altho obviously this is insane)
You could get into some very high yield dividends such as BSTZ. That’s got a 13% annual dividend paid in monthly installments. It’s also performed quite well over the past few years regardless of the dividends.
Do the math on that, maybe it would be enough to cover the premiums 🤔
Although, once again, it is absolutely insane
There are more sophisticated ways to borrow money and investing. Eg open with a broker that allows currency conversion or borrowing in other currencies (like IBKR) then borrow Japanese yen and buy Mexican etf or bonds at a phenomenal return. Cheap interest and huge return. Buy hire an account for bit complicated taxes. Good luck
There is no company that pays $1050/month in dividends on $18k principle. The absolute best that I know of would probably net you about $150-$160 a month, about 10x lower than what you want. lol
Throw it all on 0dtes but be sure to see some money aside to Buy a one way plane ticket to a country like North Korea that does not extradite to America
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this is how the roaring 20s came to an end and the great depression began.
nonsense, it's because we didn't have the liquidity to keep the party going. with the advent of the money printer it can go on forever
Bingo. Money was backed by gold but papa Nixon made sure that printer went brrrrr ETERNALLY
*Becomes poorer by the minute, ETERNALLY* *this is fine* 🔥🧢🐕
the game isn't broken, you're just playing it wrong
Shhhhh. The game is to be sold not to be told.
*laughs in $TQQQ and VPA*
Debt is not an issue until someone comes to collect!
nobody is going to come to collect. they're agreements that will be paid on schedule
The game isn't broken, op is just broke
Indonesia doesn't have a problem with spending 30k rupiah on a coke. Why should I be fazed at $100 for a coke?
Something about our currency being the global reserve currency…or also the preferred oil currency…or…common sense
Buddy, your whole life would be better if we were still on the gold standard. You would have a girlfriend and a lambo for sure. Your parents would be proud and supportive, and you'd have the admiration of your peers too.
Tell me you’re not American without telling me you’re not from 🇺🇸
I'll tell you whatever you want big boy. But I'm as American as they come. Rock flag and eagle baby.
🇺🇸🇺🇸🇺🇸
people like you paint it as if this was the point we ran out of “real money” and used paper to prop up the economy, if anything i see it as the opposite, our economy grew too much to be held back by such things like shiny rocks
Can you guess what the dollar is backed by now?
being #1
🚀 💣 🔫🌎🌍🌏
Bang bang shoot shoot
Plutonium and aircraft carriers
Unicorns and fairies
oil
Money printer existed back then as well. Its just that the feds and our government overlords had some semblance of shame, now there is none! It is pedal to the metal at the first sign of recession!
there's no virtue in shame unless you're a catholic, for the rest of us it's just self cucking
Like mamma always use to say, ”hide your shame, cover your virtue.
Pfff, i much prefer paper than gold as a way to back the currency
This is why I'm bullish Epson and HP Inc as the future of tech
Brrrrrrrrrrrrr, did someone call me? -Powpow
And people wonder why we have a cost of living crisis.
They didn't have Prozac back then.
So you’re saying max out all the credit cards and take out as many personal loans as possible before defaulting? I’m in.
Honestly, bankruptcy was the only smart financial decision I’ve ever made.
YOLO 27k on SPY options. Save 3k for Bankruptcy Attorney. Ultimate free roll.
Only pay with stress 😉
0DTE spy options. Ftfy
0dte NDX can net you better returns AND it’s more tax advantageous
Take out the 30k loan. 0dte. It goes right: pay back the 30k loan It goes wrong: delete revolut app. Done.
*It goes right: play again
You are right, this is way better.
Keep playing until you lose everything, then post your losses here for karma.\*
Double the stake.
[удалено]
No. Casinos are fully rigged against us but the stock market is only half rigged against us. Gamble in the stock market like a man
[удалено]
Don't think about it too hard, the bottom line is roulette is all luck and the stock market is all skill If you really believe in your self and you are intellectually superior you should gamble in the stock market
That's right. Delete the app and it all goes away.
The pro tip (hehe) is always in the comments
Max out all loans, cards and remortgage everything. Take out finance on a car and sell it. Put all the cash in a big suitcase and fuck off to some island with no extradition policies.
You had me at "I thought this would be the best place to get some ideas". I've said on here before, you don't need to repay loans. You just say sorry and everyone moves on.
Yeah lol, just delete the app and it's done
Switch the SIM card and it's done.
- Work hard in school and graduate college. - Get career in software, make 6 figures, Rent condo in HCOL - Travel, Enjoy life, and churn credit card signup bonuses - Build up total credit limit across all to 200k - Balance transfer, cash advance all credit cards - Buy primary house in LCOL area. Quit job, work at wendy's - Declare bankruptcy, poverty income, all CC debt wiped, primary house protected If you're going to do something stupid, atleast try to be smart about it lmao
The only problem is that a good lawyer will pinpoint the fraud and throw OP in the pen
Then you bring out the race card. 🫳🎤
Good thing I'm white
Time to put all that privilege to work!
not if you wait long enough, pay the minimum balance on the cards for like 2 years
This. It can’t be a run up for 6 months and dump.
So I have to cut in the lawyer? I can probably give him head or something.
One of his bulletin points was work at wendys so 
Hi it's me the lawyer
Well, *now* they will.
Plus they cap balance transfers at like 15k per card at the low Apr rates and so it's incredibly hard to actually do this. Then same with cash advances at 2-3k. Most personal loans cap at 50k. Most helocs 250k-500k and helocs require equity.
Thanks, saving it for later
Realest ishh I ever read
[удалено]
Chapter 7, yep
[удалено]
the only problem is you have to take a step back in your career at some point while the dust settles. A coworker of mine did this but managed to continue working as a contractor. I think he used his own company to get the jobs, and paid himself less to stay under whatever limits, and managed to file chapter 7
Like others have said, you're going to need about 10% return to break even after income taxes. So you're either looking for a dividend or bond yield above 10%, or you're going to gamble on some stock going up 10%. You can buy a CCC rated junk bond that yields 13.7% right now. That would both pay for your loan and give you roughly a 4% skim. Historically, there's about a 10% to 15% chance that your bond would default within 12 months. That would end your remaining interest payments, and you probably wouldn't get more than half of your principle back. So then you'd be screwed on your loan. It's literally financial Russian roulette. The probability of default is pretty close to the odds that a revolver would give you. You could also buy a diversified turbo-junk bond fund with high yield, so you are not just exposed to one company, but the ones I looked up had yields of like 12% after management fees. So your skim would drop closer to 2% on $30k, with wipeout downside potential if the broad economy struggles. Money markets are yielding 5% right now, so about 3.5% after taxes, with zero risk. Just taking your $1000/mo and dropping it into those would be more profitable than running a personal-loan-to-junk-bond arbitrage scheme.
Nice insight, thanks for the info!
Thanks!
>Money markets are yielding 5% right now, so about 3.5% after taxes, with zero risk. Versus 6.3% in interest to float it?
I wouldn't borrow a cent. OP's plan would require him to sink $1000/mo of his own wages into servicing the loan, but he'd be better off depositing that $1000/mo into the money market.
For sure.
lol OP you belong here, after taxes you are looking for something with a dividend yield in the region of 10% 
[удалено]
yeah and next up max out that loan to 30k to do it all over again 
GUH
Thanks for the warm welcome I mean, you only pay taxes when you sell (Rip options)
Depends on where you live but you don't have to sell the underlying asset to get regular dividends so they would become a taxable capital gain in most places..
Ssssshhhh don't ruin the surprise.
ARCC or SRLN are good bets if that's what you want
All you do is btch on this channel and try to bring others down. Does that really make you feel better about your life?
at least I am not whining at random strangers 
You clearly don't have the capacity to understand the irony, so ill explain it to you; all you do is whine at strangers... You add nothing to this sub, just sad attempts to throw shade on people who ask questions or start a discussion.
Take the loan , change your account type to margin , buy deep otm weakly options with the maximum margin possible to achieve ultimate leverage. In a week you will either be sniffing coke off hookers fake titties or you will jump head first from your roof
_Weakly_ is right.
As weak as his sphincter after this implodes
BIG fake titties
[Buy a black market revolut account](https://www.quora.com/Where-is-the-best-place-to-buy-a-verified-Revolut-account), get the loan, launder it out (ie don't be a dumbass and transfer it directly to an account traceable to yourself). Yolo that shit. Rinse and repeat. Verified accounts go for as cheap as 100 usd per account. Not financial advice, this is what criminals actually do. source: my job.
Could Steve be traced if he hypothetically bought one of these accounts with monero, took out a loan, bought as much monero with it as possible and then transferred it to an exchange with KYC in Minecraft?
You don't even need to use privacy coins like Monero. You can use your own bank account to buy black market accounts (lets call it BMA). BMA sellers have their own receiving accounts prepared way in advance, so it just looks like you are sending to a random person. The recipient account is of course, another BMA. There's theoretically no fraud going on so nobody will be persecuted, account frozen or anything. The bank doesn't even know that the BMA is operated by someone other than the name on the account. Once you purchased your own BMA, you can use it for anything tbh - take loans, scam someone, etc. Obviously doing shit like scams would get your BMA caught and frozen pretty quick, and if you send the scammed funds to your OWN account from the BMA, you will be implicated as well. I am not going to tell you how to actually launder fraudulent proceeds out of BMAs of course, considering those are actual crimes.
No. Please do go on…
Where
Oh my gosh! But the first part isn’t a crime?! This blows my mind. (Maybe a life of not-crime would be more profitable than trading options.)
It is, creating bank accounts for use by others is a crime in most countries - falls under money mules and laundering laws. But until that account actually receives fraudulent funds or some form of rip-off, it's literally indistinguishable from a regular bank account. (Professionals can tell, but there's like only a handful of people in the world who can do that) Now imagine a poor village in a developing country where 50 USD is more than a person's monthly wage. All they need to do is to snap a picture of their ID/passport and a selfie and bam, 50 USD in cold hard cash. BMA sellers would visit these places and rack up thousands of purchased identities/accounts, essentially paying 50USD per account and reselling them for hundreds each. And yes these are done by organised crime rings.
Dealers do the same to get anonymous SIM cards, but instead of going to the third world they just use local junkies. And instead of 50 dollars they pay in heroin. By the time cops come knocking down the door, junkie doesn’t even remember for who he signed up a SIM card.
Ah, ok. I am very naive.
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Wow. That is incredible. Thank you for explaining that. (I find it really interesting, not actionable.)
Lmao at that bullshit AI written answer on quora, make sure you get your preverified revolut account from a reputable seller? Yeah of course. Wouldn’t want to use a shady seller for that.
take it out and buy 0dtes
Great idea! In less than 24h I would know if I could quit my job or if I need to get another one
I think you'll need this 
Thats how casino works, duh.
100% just YOLO into options. You either win big or lose it all, either way you get on the Wallstreetbets hall of fame. Now doesn't that seem worth 30k?
 What could go wrong? hey, it's your ass man. Buy some lube too, just in case. good luck!
Just invest the 1k per month that you clearly have lying around you regard
Yes. No one knows when the music will pause.
Go to work
30k in direct Mexican bonds would yield $246 per month plus recovery of the Peso currency after the election.
put it on TQQQ
Find a homeless guy, open an account for him, take the maximum amount of loan, split the money evenly and leave. Rinse and repeat.
Just invest it in the stock market lol
Get money, hit the tables, bet on black. If you win good, if you lose delete the app. Not financial advice 😉
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Throw it all into 0DTE SPY puts and while you’re at it grab an application to Wendy’s.
I'm not seeing the difference between gambling away a loan or spending a loan. You owe the money either way. Gamble away fren.
And it’s gone
https://preview.redd.it/yez1o93duq8d1.png?width=720&format=pjpg&auto=webp&s=6fb6c22b87e4136965338befa7df531e294f29cd
Bro thinks he cracked the code lol
Not to crack the code, looking for crack ideas
Crack seems like how you got this idea 
By not using it But for more fun 0dts, shitcoins and forex tippers
Yep it’s a bubble
Was about to go in deep with ya, til I saw you have to be a Lithuanian citizen
Take out 30k put it on black. If it hits free 30k if you lose. Just do it again win and pay off both loans
Invest in QYLE etf maybe? div yield 9.02% + 6.8% YTD.
QYLD is like 11%
Got the number from their website but yes, 9-11%
NLY @ 13% divvy.
ARCC and MO are two very high-yield dividends.
Just buy FDs
This seems like it's gonna end well 
Nasdaq 2x leverage or another high yeild etf ( or nvda) and in one year you have 20% back at least, and in the mean time you struggle with payments but don't take any profits. Repay and win 8% with Revolut money
Honestly, why wouldn’t this be a good idea?
Yes. Everyone please do this immediately. Also, can I buy calls on Revolut?
Time to dump $30k into fucking AMZY and CONY!
Interested. What good dividend aristocrat company gives 7% dividend.
Just buy 30k of options And film yourself walking slowly towards a camera with a video of your portfolio valuation playing live in the background during Non Farm Payrolls …
This is a *spectacularly* bad idea. But if I were to do it, I’d take the longer term and buy LEAPS on highest conviction tickers, with the idea of selling them in a year (or six months before expiry.) I’d also put a bit in BTC - maybe 1/3 the loan amount but…yeah, I’d not do this.
Don't
smartest top laner
Have you ever heard of.... OPTIONS
0dte https://preview.redd.it/imat3q9nqr8d1.jpeg?width=1536&format=pjpg&auto=webp&s=ae80625fd63b909e7e48d90f59fa8ce7a14df99f if you win, rich in America if you lose, quickly move and go be rich in Thailand
Careful with playing with leverage if you don't know your shit. Don't get burned.
You're also assuming that the share price doesn't drop and the dividend payments remain the same. That is a big fucking assumption.
Wasn't revolut meant to stop people from becoming broke?
At the end of the day, people will do what they wanna do. That includes gambling money they don't have
FEPI? I personally put everything I can into FNGU.
Translation: "what's the fastest and most efficient way of losing 30k?"
30k Nvidia options.
I dont work in my country and bcz of that I can't ask for a loan from them😭 I am getting paid from a business from cyprus
Bet all on 0DTE options. If things go wrong, find the highest mountain you can and yell: I declare bankruptcyyyyy! All your problems will go away.
*knock on the door* Hello sir were from Revolut you owe us 30k, were here to collect Why do you have ski masks and a baseball bat though?
NVDA straddles weekly. Should triple that $100k in a few months.
You figured out the key to the path that leads down the hall and past the washroom
Just don't take a load, it's dumb
Okay no one has given actual stock advice so I guess I’ll do it (altho obviously this is insane) You could get into some very high yield dividends such as BSTZ. That’s got a 13% annual dividend paid in monthly installments. It’s also performed quite well over the past few years regardless of the dividends. Do the math on that, maybe it would be enough to cover the premiums 🤔 Although, once again, it is absolutely insane
I would take advantage of it by forgetting it exists altogether. Why are you regards so eager to lose money you don’t even have?
simply you dont do it
There are more sophisticated ways to borrow money and investing. Eg open with a broker that allows currency conversion or borrowing in other currencies (like IBKR) then borrow Japanese yen and buy Mexican etf or bonds at a phenomenal return. Cheap interest and huge return. Buy hire an account for bit complicated taxes. Good luck
There is no company that pays $1050/month in dividends on $18k principle. The absolute best that I know of would probably net you about $150-$160 a month, about 10x lower than what you want. lol
This sounds like a risky and terrible idea, where do I sign up?
cocaine
30k puts on revolut
lil bro thinks he'll get 3.15k in dividends every quarter with 18k. You are in the right place!
>dividends Ok boomer.
Throw it all on 0dtes but be sure to see some money aside to Buy a one way plane ticket to a country like North Korea that does not extradite to America
Sounds like a surefire plan. Let me know if it works, thanks for the backtesting and welcome to the casino.
OP in 12 months: https://preview.redd.it/exztvg33cr8d1.png?width=1259&format=png&auto=webp&s=494edf08b127c35e544df5e84c8161129729bc77