Always buy the base model iPhone with limited storage capacity



Always buy the base storage model iPhone.

Buying expanded storage capacities is dumb dumb dumb.

And the financial reasons are only part of it.

Allow me to explain.

Reason #1: You are going to hate your life in the event you have an event. Think about what happens if you

A. lose a phone with 256 GIGABYTES worth of your life on it*

Or B. think signing up for iCloud is any sort of solution to A.

Guess what high storage capacity phones encourage users to do? Store a high capacity of their life on misplaceable/droppable phones.

So we should all sign up for iCloud at 99 cents a month right?

Not so fast.

First think about the obvious – if you have the real ability to store all of your life moments easily and accessibly in the Cloud from Apple, why on earth do you also need to store it on and subsequently pay for a 256 gigabyte phone? Wouldnt you pick one or the other? Wouldnt the cloud be completely superior? Well the cloud is, but not Apple’s iCloud.

Which leads me to reason #2: Icloud is a scam. period.

Ive posted about this before. Have you ever gotten fed up and tried to stop paying for iCloud? Have you ever tried to do a mass download of your files from iCloud? (You cant- apple designed it so you have to click on each of thousands of photos to download and save them elswhere individually)

Have you fought with annoying popups and roadblocks about photos or apps not being accessible right now when trying to view them in your icloud backed up phone? Ever notice how more and more people are gettkng their cloud accounts hacked and all of their unmentionable photos leaked?

Or more importantly, hows this for an event – have you ever gotten confused by iCloud’s user undfriendly settings that only let you know that deleting pics on your phone can also delete them from the Cloud?

Remember – you paid hard earned money for this too.

Reason #3: High storage capacity iPhones are f**cking expensive. Like reeeally expensive. And since you’re also probably paying for them with those plastic loans in your wallet or paying per month, they’re going to get even MORE expensive.

An iPhone 8 with 256 gb of storage is nearly $1,000. An iPhone 8 plus with 256 gb of storage is well over $1,000. We’ll just have to have a moment of silence for your financial life if we talk about the same storage configuration for the iPhone x.

Don’t you have kids to feed and educate?

Reason #4: High storage iPhones are a resale turd. It currently costs about $150 difference between storage configurations for an iPhone 8. $100 difference for an iPhone 7. The resale premium however on craigslist for both phobes is only 30-50% of the amount you paid more. So if the base model gets one price and you paid $100 more to upgrade storage, when you resale it, expect to only get $30-$50 more.

But then whats even worse? Carriers have been allowing customers to trade in phones for discounts on new ones. When I went to T mobile and looked at the terms of their trade in program, a base model iPhone 7 received the same exact trade in credit as a 128 gb version. The rep even said, yeah its pretty pointless to pay more for on phone storage.

Reason #5: Storage strategies are better than storage capacity. Lets be real – right now you have no storage strategy, you just take a bunch of photos and videos, leave them on your phone or hope icloud stores them properly and then you dont think much more about it.

Well you should.

Smart storage strategies are all about redundancy. The best of which consist of backing up your data to multiple locations that are least accessible to loss.

This means using a base model iphone (it discourages you from keeping too many files on it before its lost or stolen) along with removable storage drives specifically designed for the iphone PLUS hard drive and dropbox accounts designed for your computer.

(*no you arent currently backing up anything the way you need to and when you lose the phone it will be that important time in between your last backup and that video you took of the dyng moments of your grandfather)

Here are some suggestions:

Step 1: Buy the base model iphone. (refurbished preferably. Google “refurbished iphone 7”)

Step 2: Buy an EXTERNAL drive for storing your iphone data that plugs directly into your iphone:

Step 3: Have a damn computer in 2018. Seriously. Not having one and living your life on an ipad and iphone combo is probably why you though iCloud was a solution in the first place. Take the data you transferred on the external iPhone drive from step 2 and transfer it to your computer to a larger backup hard drive that you store a variety of things.

Step 4: Also sign up for a dropbox “Plus” account where you use that good old redundancy I mentioned to keep your data in the real cloud as well. Easily accessible for a fair price. You can also use the email trick and keep signing up for new dropbox accounts for free, but its not worth the time for me.

Now you know. And now I won’t have to hear “i lost all my photos that were on my phone” or “I accidentally deleted all of my photos in my icloud”.

Redundancy – use it.


The difference between ‘buying an investment’ and ‘investing’…

How are you going to call yourself investing when at the earliest sign of market turbulence, you run for the hills with your tail wrapped between your legs planning to never invest again?

You were never invested in the first place, my dude.

“But I just want to see my money grow” is not an investment strategy.

Grow to what? Buy when? In order to accomplish WHAT.

These are questions you need to ask yourself. As well as learning how to calculate a projected return on an investment.

Because if you dont? And most people dont.. Then you arent investing, but just “trying to see how much money you can make” before things fall apart. And they will.

And so will your life savings.

Dont be dumb. Investing is like marriage. Remember how during the vows you swore through thick and thin? Not just as long as her thick ass stayed thin?

Well just like a strong marriage has goals for that relationship, you need goals to act as a north star in your relationship with your money.

There can be no ‘investing’ without investment goals.

Learn more in my book BKF Investing School.

20 Steps to Bankruptcy

Step 1: people you’ve never heard of come up with the potential for a sensation and then promote the hell out of it

Step 2: the price gains momentum to 5x

Step 3: broke people put $100 in it “to test it out” (there is no such thing)

Step 4: broke people see massive multi-dozen dollar return

Step 5: broke people take to the digital streets to declare “I don’t know how ya’ll do that 9-5 sht”

Step 6: broke people begin massive scramble to find additional money to “invest” at now the 10x level

Step 7: broke people borrow thousands from upcomming rent payments and car payment due in order to invest at 15x level (dont worry, I’ll make it back by the end of the month)

Step 8: broke people convince other broke people to borrow from future bills in order to invest at 20x level

Step 9: broke people are now “invested” close to $18k from credit card cash advances, upcomming rent and life savings

Step 10: sensation begins to crack at the 20x level

Step 11: broke people say sensation is on sale and that you’re a fool if you don’t buy more

Step 12: broke people borrow from 401k to tripple down on sensation

Step 13: sensation drops to 15x level

Step 14: broke people borrow from multiple friends with the guarantee of doubling their return

Step 15: sensation drops to 10x level

Step 16: sensation drops to 5x level

Step 17: broke people think “why didnt I sell at the 20x level”

Step 18: sensation gets a little boost from the 5x level to the 6x level

Step 19: broke people tap that one remaining friend that doesnt know about their gambling addiction because “the trend is back on!”

Step 20: bankruptcy court for multiple who are taken down with sensation

Rinse and repeat every 7-10 years.



Credit Repair Scams

***The 2 main credit repair scams to void in 2018**

The first is called Jamming. This is when someone charges you $130 a month or a lump sum up front (illegally) in order to send 4 rounds of dispute letters through certified mail to each of the credit bureaus in hopes of getting them to trigger the 30 day clause. The scammer gets your personal information, drags the process on for months – years, takes over $1,000 from someone qho clearly doesnt have much to their name and then once the bureaus temporarily remove the item, you think it was all worth it. well until it pops back up in 90 days and you also realize that removing items isnt the same thing as adding items. The former doesnt get you approved to go back in debt like youre hoping to do.———————————————————————-

The 2nd is the most ridiculous of all. You may have seen this one going around under the name of “Section 609 Credit repair”.

What these fucktards did was basically come up with a section in the fair credit reporting act that sounded legit (section 609) and then give you some misinformation about what that section actually means. Section 609 is all about protections for those in identity theft. But instead, since they know you’ll never ever ever read that section of the FCRA, the scammer will claim section 609 is about the bureaus having to provide everyone with copies of the contracts they signed that created the original debt in question. They dont. In essence all section 609 scammers are doing (if theyre smart) is rebranding the jamming scam as section 609. Its basically all a rebranding excercise similar to the book “the secret” which wasnt really a secret at all.


Now if theyre NOT smart? Section 609 scammers are actually using section 609 in the FCRA for illegally manipulating what it was created for – the identity theft provision. The scammer will have you file a false police report and use that to send in to the credit bureau which is more serious and adhered to. The bureau knows theres a $4k fine for non compliance. So while they delete the item and do the research with the creditor to see if it was actually fraud, the item will not show temporarily. But after its determined its not fraud, you get arrested and go straight to jail for illegally filing a fraud claim.


Don’t be dumb. Most of these items will fall off themselves and for zero 99. No one can legally remove accurate negative items off your report, nor should you want them to. Live a cash based, no debt, high investment return philosophy and straight rule over these peasants.

Want one Location for Multiple Savings Accounts?


Best banks for multiple savings accounts

If you want more than one account for your savings, these six financial institutions should be at the top of your list. They offer some of the highest annual percentage yields, or APYs, on the market, spare people from monthly maintenance fees and let customers nickname accounts to personalize them. And you probably won’t run up against the account limit at these banks.

Note: the banks and credit unions listed above let people nickname their accounts based on what their savings goals are. You can name these accounts whatever you’d like — “vacation fund,” “House fund”, “emergency fund,” or simply “buffer savings”.