I was never taught anything about the realities of finances by my Boomer parents. Their advice for me was to go to college, get a good job and work really hard. They taught me that debt was a necessary evil in order to own anything in life. Car payments are just a fact of life. In order to get the car you need, you will have to incur credit card debts so that the (((creditors))) will trust you with a car loan. I believed that if I just kept working hard and earning money and paying on all of those debts that one day I would be given a loan on a house.
My wife and I both believed this nonsense, and needless to say, we found ourselves in dire financial straits when we went from a family of five living in a three bedroom house to a two bedroom apartment. We were foreclosed, wrecked and bankrupt. My father couldn’t help me because he was covered up with nearly $500 million in debt and was about to lose all of his properties. During that time, I made a vow that I would never put my family in a situation like that again. I decided to look to the experts out there and figure out a way out of my mess. Like many a white man, I had become just another broke dumbass watching my kids come up in poverty, while I smoked, drank and argued with my wife. Eventually, I found the way out and I said “never again.”
It’s surprising how much money we blow on things we don’t need that our supposed friends, family members and degenerate society tells us we need. Usually, by the time we’ve spent money on a lifestyle of unhealthy living and consumerism, there isn’t enough money at the end of the pay period to save or do anything constructive. Then, we’re clamoring for the next paycheck. So we spend years, decades, whole lifetimes, living from one paycheck to the next – trying to pickup overtime at the factory when we’re in our 70s. Do you actually want to contribute to building a future for your children and contribute to Southern identity? How can you contribute to any cause when you’re penniless, other than go engage in street activism? After you get arrested or sued for whatever street fight you were involved in with Antifa, how are you paying for your legal fees? What about your friends and brothers in the same boat? Let’s hope someone donated to a legal fund and said fund didn’t get embezzled by a con artist!
If you are living paycheck to paycheck, you are unable to help yourself or those around you. This is what our enemies want. Poverty renders you impotent, while (((they))) can throw near-limitless resources against our people. Often enough, the lender you owe money to is turning the revenue he generates from your debt into paying Antifa rioters to throw acid in your face at Charlottesville and then bribe the corrupt government to arrest you and hold you without bond. Let’s say you are on the passivist side of the movement and you’re not fighting leftists in the streets, and just want to build a white family and a legacy, but can’t because you’re making recurring payments on car loans, credit cards and student loans. You’re hardly any better off, either. The majority of your paycheck, the very sweat from your brow, is going to Yankee semite bankers up in New York rather than your children’s future. Your whole life is a joke, and they’re laughing all the way to the bank. You’re the stupid slave working your ass off.
The system has programmed all of us to be debt slaves and mindless consumers that are propping up an economy built on debt, lies and paper. For Whites, especially White Southerners, we need to all be shouting “NEVER AGAIN!” If you are lost like I was, and don’t know how to get out, I’m going to give you a quick, down and dirty version of the Dave Ramsey guide to unscrewing your finances. You don’t need to buy his books, videos, or listen to his radio show – though all of it is good and I encourage you to do so. You just need to follow the map he laid out. He didn’t invent any of this, which he admits. He found a way out of the brainwashing pit that many of us have been stuck in, and it works. So, I’ll run you through the basics. I encourage you to read everything you can about personal finances, but you need to follow Ramsey’s Baby Steps.
Step 0: The Budget
The first thing you need to do is sit down, either by yourself or with your spouse if you have one, and plan a budget. Print out your latest bank statement and pour through it. Categorize what is going into rent/mortgage, bills, groceries, clothing, hygiene, eating out, etc. Now, get yourself a budgeting app or spreadsheet and you’re going to trim the fat and cut as much of the frivolous spending as you can bear. Start at the essentials, which means your utilities and rent/mortgage and your food. Prioritize these essentials and work your way down to the least essential. Do you need television and the 500 channels of anti-white propaganda? Do you need a $120 cellphone plan? Do you need to eat out 5 days a week? Really take a look at your habits and add it all up. What can you give up? Cigarettes alone can add up to $120 a month for a pack-a-day habit. If you are a smoker, and you have a child, I want you to think of every time that child asked for something and you told him you didn’t have the money – because you were spending over $100 a month on a habit that causes no real benefit whatsoever. I’ve been there and it’s embarrassing.
Also, take a look at how much of a chunk of your paycheck is going into debt every month. If you’re like most people in this country, you’re in some kind of debt. Debt is slavery and nowhere in the Bible is it ever considered a good thing. We’re going to make the elimination of your non-mortgage debt a priority, but first we have to make sure that nothing happens that is going to cause you to have to borrow money in order to address an emergency.
Step 1: The Emergency Fund
Anything that can go wrong will go wrong, and sometimes several things will go wrong all at once. This is a fact of life and it will not go away. It strikes everyone, particularly poor people. The reason why it strikes is because when you’re poor, you’re living paycheck to paycheck, which means you’re treading water. You’re making just enough to stay afloat, and every emergency that happens pushes your head below the surface. You need to have an Emergency Fund. Not a credit card, but an actual amount of money set aside for real emergencies.
If you’re single and/or have an income of $20K or less a year, your fund should be at least $500. For everyone else, it should be at least $1,000. Get this Emergency Fund built up as soon as possible. Sell your junk you don’t need, pick up a part time job, do whatever it takes to get that emergency fund in place. And don’t leave this in your checking account. Either put it in a savings account or hide it somewhere you won’t normally have easy access to it. It needs to be reachable in an emergency, so some long-term investment option is not recommended. Let me stress to you again that reaching this Emergency Fund goal should be treated like an emergency. Treat it like the tsunami is coming again, and trust me, it is. Emergencies ALWAYS happen again.
Remember, the Emergency Fund is not for when your TV goes out and you need to get another one. This is for when your car breaks down, accidents, the HVAC breaks, a trip to the ER or the washing machine dies on you. Only use this for unplanned or unforeseen setbacks that can cut into your budget. The Emergency Fund stops you from getting dunked underwater every time an emergency happens. In fact, many emergencies are no longer emergencies when you’re not operating on a thin margin anymore, they’re just inconveniences. Having that $1,000 also allows you to do certain things like increase the deductible on your car insurance. So what if you go from a $250 deductible to $500? You’ve got the extra cash set aside for that emergency. Now, you can lower your monthly insurance bill so that you can put that extra cash to work for you instead of the (((insurance company))). You can use that extra money to pay off that pesky debt you may have.
Step 2: Pay Off the Debt
The most fundamental advice you can absorb is that debt is slavery. That goes for credit cards, car loans, rent-to-own and student loans. The driving force behind your financial goals should be the elimination of debt or avoiding it altogether. When you are planning your budget, you should be pulling money out of frivolous pursuits and applying them to your debts. For simplicity’s sake, let’s say your smallest debt is $60 a month on a credit card. You cut your cable package, or quit smoking, or stopped buying energy drinks and that is saving you $120 a month now that you can instead put on this credit card, increasing your monthly payment to $180. You are now paying this off three times as fast, allowing it to be paid off in two months. Now look at your next debt – you have another card payment of $70. You now take the $180 you were paying on the old card debt and are now paying $250 on the next card debt. You pay it off and move on to that $300 car payment of yours and pay it off two years earlier. You just keep snowballing your way up from smallest debt to largest until BAM…unless you have a mortgage, you’re debt free!
This is called the Debt Snowball method, and financial gurus like Dave Ramsey recommend it. There are other ways out there to tackle debts, but this one is simple and effective, and focuses on rewarding you with the gratification of eliminating debts quickly as you go from smallest to largest. As for your mortgage, if you have it, leave it be for right now. We need to get you back to your Emergency Fund again.
Step 3: The Emergency Fund Revisited (3 to 6 Month Savings):
You’re on a budget, you’ve built up your Emergency Fund, and you’ve eliminated your debt. Now take every penny you’ve been throwing into those former debt payments and now throw them into your Emergency Fund, again. You’re going to build it up to where it can cover 3 to 6 months of LIVING EXPENSES in case you lose your job or some other catastrophic incident occurs. A good suggestion is no less than $10,000. The same rule applies as before, it needs to be somewhere accessible with check-writing capabilities but not so much so that you’re tempted to dip into it all of the time. There are financial discussion groups on the net where you can get more information. If you decide to keep it in a low-interest, low-risk account, you can look into the 1% interest online savings accounts out there. They offer higher rates over traditional banks due to having less overhead in the form of physical brick and mortar buildings, but be advised that 1% is not a true investment. Bottom line, you need to find what works best for you.
Step 4: Investing for Retirement
You’re now virtually bulletproof. Once you have eliminated your debt and built up your Emergency Fund, you should be putting the money you were using to do all of that, or 15% of your income, into some sort of retirement plan or investment. I’m not going to tell you what the smartest option out there is. Everyone’s life is different and there are extremely smart communities on the net who regularly discuss smart investment tips, such as Bogleheads.org or Dave Ramsey to name a couple. I will advise you that it needs to be something that will build your family and if you choose, the future colonies and communities from the ashes of post-white America. Avoid the get-rich schemes. Remember, a good person leaves an inheritance for his children’s children (Proverbs 13:22). Build your family and give your kids a leg up and we can come back from the brink of extinction yet.
The remaining steps involve 5) Saving for your kids’ education, 6) pay off your home early and 7) build wealth and give generously. If you want more info on these, go to daveramsey.com or buy one of his books. It really doesn’t matter, most of them repeat themselves. The first 4 Baby Steps are the big ones that get you on the right path and get you onto solid ground where you can begin building your wealth for the future.
Some Other Tips
You should avoid buying new cars and especially financing them. The reason this is bad is because either way, you end up owing much more than the vehicle is worth. On average, a new car loses 70% of its value in four years. Why buy a new car that is going to depreciate so rapidly?
Many people claim that buying a new car is necessary in order to avoid having to pay for maintenance and upkeep that a used one would have. Really? Do the math. Unless you’ve bought a lemon that is breaking down every month, you’re going to be spending much more on that new car than repairing and maintaining a used one. And, eventually the new car starts to break down. Oftentimes, automotive components last just as long as the warranty covers, then begin to fail shortly after. Imagine that $400 you would be spending a month on your new car going into a vehicle maintenance fund rather than to a lender. If something breaks, you can afford the repair. Remember, if you’ve done an emergency fund, you’ve got your bases covered if the used car breaks down.
If you’re on the bottom, you can save and find a good car for $4,000. Drive it for a year while you save up another $4000, sell it before the year is up for $4,000 and now you have $8,000. Now you can afford a better car. In fact, you can keep saving and selling cars like this until you can afford a very nice one.
Cash is Kangz and the Envelope System
As has been noted in studies, the physical act of handing over your physical dollars has been known to be more psychologically stressful than swiping with a card. That’s why everything can be bought with a card swipe now, because (((they))) know that you are no longer watching the money physically leave your hand.
So, having done a budget, it’s time to start using an envelope system. Get you a stack of envelopes and label every one of them so that each corresponds to a line on your budget. Have one for groceries, for gas, for clothing, for bills that you don’t pay online, for incidentals, etc. It does two things, it forces you to lock your money physically into categories of the budget and it creates a buffer between your spending and the checking account. You’ll find it to be a great way to stop overdrafting on your account.
Cash is king, because when you go to make a purchase on a big item, like furniture, appliances, or a car, cash gives you new bargaining power. Trust me. Go into a furniture store with a stack of bills in your hand and ask them what kind of a deal they’ll make with you. Heck, my wife did this when we got her a new van. We saved over the course of a year $10K to buy a used Honda Odyssey. When she found the one she was interested in, she went there and told them she wanted to pay in cash, but offered them $8K. She was able to haggle them down from a $9,500 sticker price to $8,500. The car dealers seemed honestly shocked that she had the physical cash to begin with. We’ve driven it all across the state and the rest of the South on vacations since then. A minister I know, who turned me on to the whole Financial Peace way of thinking, saved up the cash to buy a 4 year old truck he had been wanting. It sold new for over $30K. He offered $16K in cash and they accepted his offer.
Living in Your Parents’ Basement
I’ll be the first to tell you that if you are living at home with your parents – so what? You are likely helping them out, and they are providing you with a much cheaper cost of living than if you were out living on your own. There have been people who used this time at home with the folks to save and afford a house of their own. Maybe your parents will leave the house to you when they’re gone. Regardless, you can complete all of these financial baby steps mentioned above a whole lot quicker if you are at home, so there is nothing wrong with this from a financial perspective. As long as you are doing it to build something. Often times, the people who stay at home maintain bad spending habits and never have anything to show for it except for an anime collection. There’s the problem. Living at home carries the connotation that you are still a child, but the joke’s on everyone else if you are building for a future. Children waste money. Adults save and spend their money wisely.
Buying a Home
Even absolutists like Dave Ramsey who is staunchly against all debt allows certain concessions, and a home loan is one of those. It makes a certain amount of sense, in the lesser of two evils perspective, if you compare it to renting. Often times renting a house can cost more than paying a mortgage payment once you’re married and have children. Also, the rent you pay to a landlord is never actually investing anything into your future. No matter how much you pay and how long you stay, your home will always belong to someone else.
You need to buy a home in such a way that it minimizes the debt as much as possible. Obviously, saving the money and buying it outright in cash is the preferred method, but if you are going to go into debt in order to own a house, you need to:
1) Pay at least 10% down, but it should be 20% in order to avoid PMI fees.
2) Get a fixed rate, 15 year loan. You pay it off quicker and you pay a lot less money in interest in the long-run. Avoid 30 year loans. Do you really want to be a slave for 30 years?
3) Make additional payments every month if possible.
So, what about trying to own a home with no credit? You need to find a lender who does manual underwriting. They will look at your employment, your income, and your down payment instead of a credit score. A credit score is nothing more than a debt score, so don’t buy into the belief that you have to be in debt in order to live.
To wrap all of this up, I want to thank you for reading this article, and I also want to congratulate you in taking a serious look at your finances. If you didn’t care, you wouldn’t be reading this. I didn’t invent these ideas, but they worked for me and many others, and I wanted to share them with those of you in this movement. We as a people cannot help our movement if we cannot first help ourselves. We need to stop hemorrhaging cash and start saving. The plan works, so begin building a future for your children and our future community. We Southerners are the last hope for white humanity and we cannot allow ourselves to be slaves any longer to the (((lender))) or to our bad habits.
-By Marcus Hale