Sam's financial advice is to get a bunch of credit cards, max them out and eventually when the debt collectors come...

Sam's financial advice is to get a bunch of credit cards, max them out and eventually when the debt collectors come, just don't pay them back or only pay a small amount to keep them happy. What can happen to me if I do this?

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As long as the debt is unsecured, not much.
They can crush your credit rating, but, i mean, this is pretty much the 9th inning of the ball game Post-war USA economy wise...

Sam gassed out punching pads in 3 minutes. Bet on his opponent the tiktok chad to outlast him, if betting is available

Based and new age finance pilled, all the conventional wisdom you hear is utter horseshit and insanely outdated

You become free reign for debt collectors to fuck with and leave yourself in a hole you probably will never get out off.
>trusting a jew

Sam is a lazy, dumb fucker. For someone with his audience and comedic ability to fall so low is a big shame. The guy could have gone so far if he didn't risk it all to plow some MAGA groupies.

I did this and it's been 3 years. Nothing happened but the guys try to call me everyday. My debt is less than 35k I think. I just have my phone on airplane mode all day

Sam Hyde is an ugly autistic fat fuck

his opponent looked even shitter, sam by ko

This. Forget owning real property, having any kind of functioning business etc. It is very bad advice for anyone that needs to make actual money. If you are willing to ruin your future over whatever your credit limit is or whatever you can get a loan for yeah sure go for it, just make sure you throw ample cash into investing

See hair, beard, glasses, holes on door. That's your answer on how well it's working out for Sam.

>Destroy your future for temporary pleasure

Did his NFT scam crash already?
Fucking idiot, I guess he used up all his tv cash on drugs already

What future? The dollar is on life support. It's only looking good because everything else around it is worse. It has 10 years left in it, 20 with a miracle. The collapse won't be instant either; just the slow erosion of quality of life, the dollar losing another 99% of it's current value and wages barley keeping up with the ability to pay rent and food all the while being completely priced out of assets. Inflation will be so rampant that getting into tens of thousands of unsecured debt today will look like a genius move tomorrow. Most institutions, corporations and governments have been doing the exact same thing since 2008.

If you're taking his "financial advice" as anything more than a comedy bit, then you deserve the consequences.

if the total debt is over $5K or so there's a good chance they will sue you. I got sued by wells fargo last year for ignoring a maxxed out card with $9K

Time for lunch Ivan.

Just as a side note, economic crisis often bring political tensions, and those are already pretty high. Also collapses can be slow, but also very brutal, like an old building suddenly crumbling, see the fall of the Soviet Union. Life is chaos, people are beginning to remind it.

I thought it was obvious. Debt maxing isn't a sound financial advice, unless you want to live in financial hell for the rest of your life.

I currently don't have health insurance and just pay everything out of pocket. Have a net worth of like $300k (Assets, own a home with my brother)

If I were to get seriously sick, how fucked am I? In the U.S. isn't medical debt really the only type of debt you can't get absolutely fucked with just as long as you make small payments until you die? Close to death couldn't I just launder off my entire estate? I have already paid over $150k in taxes in the past 5 years. Im fucking sick of this broken system. Im sick of the pharma jew. How do I escape?

Rent-free. The USD is the cleanest dirty rag in the pile, but its still covered in shit.

bro just get health insurance.
Eat healthy and exercise occasionally and you won’t get sick and will be resilient against shit like cancer, but cancer is so random you do everything right and can still get fucked.
I would just keep stacking up cash and invest in stocks and consider becoming a landlord and buying a multi-family home or some shit and renting it out. LLC’s are cheap to make, I live in califagifornia and LLC is under $1k to make and the filing fees are all tax deductible. You can fully deduct mortgage interest on a property you don’t live in and still claim the standard deduction. Buy the property through an LLC and even if you have reasonable losses, everything will pass through to your personal tax return through schedule C and you will pay less taxes while owning an asset that will appreciate and generate free cash flow which also appreciates(raising rent YoY).
If you already own a home and have $300k total net worth you’re not in a bad spot user.
Start owning more and more shit and over time you will make more and more money

2020 and 2021 were great times to rugpull. not that anyone would talk to a debt collector - but if a landlord, employer or lender asks 'why's your credit so fucked' all you have to say is 'covid.'
can't wait for another crisis.

>Forget owning real property,
>he doesn't know

Get health insurance. If you have 300k only a total air head would fuck that up.

I do eat healthy and exercise. Worried about getting some random cancer or getting legs amputated by some uninsured crackhead. Its cheaper to see any kind of doctor and get any kind of test done by paying with cash. With insurance though I get shit coverage and its expensive as hell. A catastrophic healthcare plan is $200 a month. Thats 1/3rd of my mortgage for insurance that I will hopefully never ever in my life have to use. Biggest fucking scam imaginable. The costs of obese people, smokers, drinkers, drug users get passed down to people that care about their health.

Sound strategy in the current time. This is because in a year or two, debt will lose its value. Just look at student loan debts, the government is taking out a chunk of it because it basically lost value. There's way too many people in debt at the moment that it's unprofitable. I suggest you do it against weak banks however, those that you don't expect to last the upcoming recession. Thank me later.

If he survives the first round, the tide will change fast. Getting punched when you’re tired is torture. And Sams punches are slow so I don’t think he’ll get a first round ko.
Because his opponent is inexperienced , Sam might lose a decision