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When I left my roommate in Canada, I gave him all my ABV and a few different eighths since I wasn't about to cross the border with that stuff. He was thrilled  Although, he was also pretty bad with money. He was 40 and spent almost all of his free money on DVD sets. They lined the walls of his basement by the hundreds and he watched maybe two of them in the year I was there. But whatever, he lives in Canada so he'll be fine.
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Nov 27, 2013 21:17
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MrKatharsis fucked around with this message at 02:24 on Aug 18, 2015 |
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Nov 27, 2013 21:38
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Orange_Lazarus posted:Yeah I'm wondering what the conversion rate would be. I bet some people would believe that a $1 of weed is more valuable than a $1. My dead (from an OD) buddy used to always crack up when people were excited to trade him the bulk value of their product for the retail value of his.
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Nov 27, 2013 22:43
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He also takes on all the risk involved in the purchase. He probably created a fair amount of value by being a middleman. That's good financial thinking.
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Nov 27, 2013 23:49
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MrKatharsis posted:To contribute: I knew a guy who crashed on couches for a few months after moving back home from out of state. It took him 8 weeks to find a job and when he did, he blew his entire retail paycheck on a big bag of weed to "pay back" his housemates instead of giving them rent money or buying his own food. Should he have retroactively worked out a rent agreement or something? Big bag of weed sounds like a perfectly reasonable course of action to me.
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Nov 28, 2013 00:21
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MrKatharsis fucked around with this message at 02:23 on Aug 18, 2015 |
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Nov 28, 2013 00:38
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At least it was something that had actual value, it could have been like, bitcoins or something.
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Nov 28, 2013 00:41
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Story #1: My friend has replied in the affirmative to this obvious pyramid scheme on Facebook. I had to screencap this for the buzzword bingo megapost at the bottom. Story #2: I just broke up with my girlfriend because we were always arguing over money. We moved in together with a friend of ours, and since it's his place, he agreed to go halves on rent with us. He took on 50%, I took on 25%, she took on 25%. For the sake of simplicity, "rent" includes the lease, gas, electric, internet, and Netflix. Total was around $800 a month. We all agreed it would be easiest if the two of us just paid him, and he keeps all the bills in his name. So we would both give him $50 a week, and consider bills covered. Except for the fact that every Friday, after my girlfriend got paid and got out of work, she would go spend most of her paycheck. Three weeks ago: She ends the weekend $75 in the red on the "check card" that she got her paychecks deposited to. She had to get one of these cards (ADP A-Line, I think it was called) because she owed money to every bank and credit union in the area and couldn't get a real account with a real debit card. Can't pay rent, can't cover her half of our grocery bill. Two weeks ago: I pick up a friend from the hospital, and the three of us decide to go out for dinner. My ex also decides she's getting a new tattoo. She spends most of her paycheck there, and the rest on concert tickets. She can't pay her share of rent, and once again I'm left buying all of the groceries. Last week: She goes out to the mall after work with a friend of hers and the friend that I picked up from the hospital the week before. She spends over $150 between Hot Topic and Journeys. No money for rent, and as we're sitting at the laundromat on Sunday I realize that my phone bill is due, which drains my account. No money for groceries, but luckily there was enough in the fridge still. We get home, I bring it up, big fight ensues. Long story short, her total lack of impulse control killed the relationship.
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Nov 28, 2013 02:28
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Captain Trips posted:Hot Topic and Journeys.  But drat, at least you had the sense to break up before you got too latched onto her sinking ship. Although the "couldn't get a debit card because she owed money to every bank" thing should have been a huge red flag before moving in with her, you probably don't need us to tell you that now.
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Nov 28, 2013 02:40
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Not to mention that I could only get in touch with her while she was within range of friendly wifi, because she owed money to every phone carrier and couldn't get a plan. Yeah, bad decisions were made on both sides.
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Nov 28, 2013 03:03
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Captain Trips posted:Yeah, bad decisions were made on both sides. Captain Trips posted:She can't pay her share of rent, and once again I'm left buying all of the groceries. To be quite honest, I think she made a very financially prudent choice dating you. 
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Nov 28, 2013 08:55
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Delta-Wye posted:To be quite honest, I think she made a very financially prudent choice dating you. Well, he's available now - here's your chance!
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Nov 28, 2013 09:21
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My cousin and her husband have six kids, five of which still live at home. They were lucky enough to be able to purchase a Habitat for Humanity home probably about 15 or so years ago. With 5 kids still at home, things were really cramped, and apparently they had paid off most of the HFH home, so they started looking. They found a new house, got really excited, and listed the old house. The old house sold quickly, but they were not able to get approved for a mortgage on the new place. So essentially they were left holding an $80k windfall, which is a lot, but not enough to get into a new house. So they rented a place, and held onto the $80k. Because they held onto that money, they had to pay capital gains taxes on it. I'm not sure what happened after that, but all I know is whatever was left of the 80k is now gone, with nothing to show. No new vehicles, expensive trips... just pissed away. Not knowing they had blown the 80k, I saw a facebook post pop up from my cousin, announcing that they'd bought some land. I thought they'd spent the money on the land purchase, but it turns out they borrowed a few hundred bucks to make a down payment on the land. The whole situation is pretty sad.
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Nov 30, 2013 18:11
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My Rhythmic Crotch posted:Because they held onto that money, they had to pay capital gains taxes on it. They definitely didn't need to pay capital gains taxes on it because it was a sale of a primary residence. So they are bad at taxes as well.
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Nov 30, 2013 19:03
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FrozenVent posted:Seriously. I think I mentioned earlier my friend who got dragged to a Primerica presentation and started spouting their bullshit. A google search turned up stuff about LTE signal strength?
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Nov 30, 2013 20:43
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Why the gently caress would you place long term investments at 1%?
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Small White Dragon posted:What is an RSRP? RRSP - Registered Retirement Savings Plan. I mistyped.
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Nov 30, 2013 20:45
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FrozenVent posted:Seriously. I think I mentioned earlier my friend who got dragged to a Primerica presentation and started spouting their bullshit. First off, their site is complete poo poo. When I first go to the site I have no clue they do but everybody loves them for doing it, which has always been the mark of a scam. If you look in the top right corner in tiny letters you'll actually see what they do, sell mutual funds (and lovely life insurance), I have no idea why this is less important that telling us a firefighter likes Primercia's business opportunities. Going to their mutual fund site it looks like they slapped it together in the dot com boom era and never updated it. As far as I can tell they don't tell you the fees or ER on their site, to get the ER for a fund you have to dig for it off site. As you may have guessed, they are hidden because all of the funds have a 1%+ ER, some having almost 2%  . You'll also be doing all the work to figure out what you'll want in your portfolio, so have fun with that. I would not be surprised if they do this so they can charge you to speak with a a representative, which they probably call an Investment Rockstar or something stupid.Compare this to a site like Vanguard, the very first thing you'll see in the center of the screen is that they are an investment company. Also in the center of the screen are thing to invest for, and if you click on those you'll see different investment options with the first one always being the easiest to use and understand. To find out the expense ratio and fees for a fund you just go to the funds page and there's a tab called "fees and minimums" which tells you all about the fees on the account. Some people spent a ton of time designing this site, the marketing, and tools on it, and it shows. So if you want to lose all of grandma's retirement money I suggest investing in Primercia.
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Nov 30, 2013 22:34
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thylacine posted:My dead (from an OD) buddy used to always crack up when people were excited to trade him the bulk value of their product for the retail value of his.
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Dec 1, 2013 03:11
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Let's say you have an amount of heroin that's worth $50 and someone who has no cash really wants the heroin. They will be pretty likely to trade you the heroin for some item that is worth FAR more than $50 because that's the nature of drugs/addiction.
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Dec 1, 2013 03:15
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But that's just like any business. I can buy a pizza from dominos for like 13 bucks and sell it to my classmates at an exam for 2.50/slice which is far more than the 1.625 that I paid.
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Dec 1, 2013 03:33
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Yeah but it's drugs, and the story is referring to addict behavior. Yes you can buy a pizza and make a profit off it by dividing it up and delling it for more. But then you have people who are just buying pizza and if they can't afford it they just won't buy it. It's not the same as someone trading more valuable items for drugs because they feel like they NEED the drugs because they are addicted. Your friends might have a pizza craving but they aren't going to trade you their car stereo for a slice.
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Dec 1, 2013 04:23
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Actually, I think it's a case of him buying that hypothetical $50 in weed and getting a discount due to it being a big purchase. Then, his buddy wants to trade him some heroin, as he went and did a big purchase of that and would like some weed as well. Instead of trading at the discounted bulk prices, Thylacine's friend valued the weed at the usual cost while his buddy valued the heroin at the bulk rate. I think I understood that correctly.
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Dec 1, 2013 06:32
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PurpleLizardWizard posted:Actually, I think it's a case of him buying that hypothetical $50 in weed and getting a discount due to it being a big purchase. Then, his buddy wants to trade him some heroin, as he went and did a big purchase of that and would like some weed as well. Instead of trading at the discounted bulk prices, Thylacine's friend valued the weed at the usual cost while his buddy valued the heroin at the bulk rate. the worst thing is fucked around with this message at 06:55 on Dec 1, 2013 |
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Dec 1, 2013 06:50
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PurpleLizardWizard posted:Actually, I think it's a case of him buying that hypothetical $50 in weed and getting a discount due to it being a big purchase. Then, his buddy wants to trade him some heroin, as he went and did a big purchase of that and would like some weed as well. Instead of trading at the discounted bulk prices, Thylacine's friend valued the weed at the usual cost while his buddy valued the heroin at the bulk rate. Can you put this in terms of slices of pizza and dollars?
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Dec 1, 2013 20:10
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Purplelizard's explanation is correct.
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Dec 1, 2013 20:15
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One toke is equal to one slice of pizza.
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Dec 1, 2013 20:33
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razz posted:One toke is equal to one slice of pizza. That seems expensive. How many tokes in a dollar of drug? Is there that huge of a positive conversion between drug and pizza?
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Dec 1, 2013 20:50
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I've actually always wondered how high you could get off a dollar of weed. I'd say you could get at least one decent high for a dollar but having never bought or sold drugs I can't really say. And I think the drug conversion ratio might be higher for Doritos than for Pizza but I could be wrong. I'm sure it depends on the brand of pizza and the toppings. It seems like Doritos are worth a lot on the stoner black market though.
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Dec 1, 2013 22:12
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At the dispensary next to my house you can buy a joint made out of leftover bits of random weed for $5 and get three people nice and buzzed, so it's possible. As for a story of people who are bad with money, my former friend with benefits makes $450 a week at his full time job and spends about $250 a month on weed, which he is actually getting a massive discount on. It isn't unusual to see him smoke three bowls in a row and then continue to function normally to the point of being able to code/program, set up complicated electronics, or do phone tech support. He often has to wait until the last second to pay his utilities, and only pays his internet bill when they remind him to by shutting it the gently caress off. On the other hand, the stereo he set up for me is stellar and he has a good side business doing tech support in exchange for weed discounts and high end electronics.
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Dec 2, 2013 00:13
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My Rhythmic Crotch posted:My cousin and her husband have six kids, five of which still live at home. They were lucky enough to be able to purchase a Habitat for Humanity home probably about 15 or so years ago. With 5 kids still at home, things were really cramped, and apparently they had paid off most of the HFH home, so they started looking. They found a new house, got really excited, and listed the old house. The old house sold quickly, but they were not able to get approved for a mortgage on the new place. So essentially they were left holding an $80k windfall, which is a lot, but not enough to get into a new house. So they rented a place, and held onto the $80k. Because they held onto that money, they had to pay capital gains taxes on it. I'm not sure what happened after that, but all I know is whatever was left of the 80k is now gone, with nothing to show. No new vehicles, expensive trips... just pissed away.
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Dec 2, 2013 16:45
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What's depressing about it? It's not depressing, it's dumb. How could they sell their house (that they got at an extremely discounted cost if it was a HFH house) before they got approved for a mortgage then somehow "lose" 80K? I bet they're those type of people that seem to always have "bad luck" when in reality they just make bad decisions.
razz fucked around with this message at 17:04 on Dec 2, 2013 |
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Dec 2, 2013 17:02
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razz posted:What's depressing about it? It's not depressing, it's dumb. How could they sell their house (that they got at an extremely discounted cost if it was a HFH house) before they got approved for a mortgage then somehow "lose" 80K? I bet they're those type of people that seem to always have "bad luck" when in reality they just make bad decisions.
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Dec 2, 2013 17:18
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It is depressing if one possesses empathy for one's fellow man. The existence of this thread proves it is a common failure mode for human reasoning, and not just a single instance of bad decision-making in a vacuum. Like sure, it is an avoidable trap that they fell into, but personally I'd rather we didn't have a society that littered the ground with such traps in the first place.
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Dec 2, 2013 17:51
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They didn't fall into any trap though. They almost certainly didn't have to pay capital gains tax unless this happened 16 years ago, they just spent all the money.
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Dec 2, 2013 18:22
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I have much more empathy for others than most people I talk to. I think we should make the minimum wage $15+, improve working conditions, have mandated paid time off like EVERY other first world country, have free access to health care and education for all citizens including free college, what have you. I'm not against paying higher taxes for the common good, and basically all of that "socialist" talk, yes I fully believe that every human on earth, especially in this self-proclaimed "Greatest Country on Earth" should have a high standard of living because I have great empathy for all human beings. And I still think it's pathetic that a family squandered away $80K while living in a house they got for a drastically reduced price from a charity. There is no trap there. Are their housing traps that people fall into when they get underwater on their mortgages or whatnot? Absolutely, and that system needs reformed. Did the people in the above story fall into that trap? No they did not, they made bad decisions. All the help and money in the world won't get people like them out of poverty.
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Dec 2, 2013 18:48
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razz posted:All the help and money in the world won't get people like them out of poverty. That's what makes it depressing.
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Dec 2, 2013 18:49
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razz posted:I have much more empathy for others than most people I talk to. I think we should make the minimum wage $15+, improve working conditions, have mandated paid time off like EVERY other first world country, have free access to health care and education for all citizens including free college, what have you. I'm not against paying higher taxes for the common good, and basically all of that "socialist" talk, yes I fully believe that every human on earth, especially in this self-proclaimed "Greatest Country on Earth" should have a high standard of living because I have great empathy for all human beings. Agreed with this 100%. If you have 80k and you spend it just because you have it, then you are Bad With Money(tm). What the gently caress were they going to do if they got into a place with that? Since they were able to piss away that 80k, I'm guessing they'd have ended up defaulting on their mortgage. Which might have something to do with why they couldn't get one, and maybe they should have looked into that before selling their house.
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Dec 2, 2013 18:51
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FrozenVent posted:That's what makes it depressing. Yes it is and I agree but in cases like that it's not some societal issue where we need to be better to our fellow man, it's an issue with the individual(s) and their lack of personal accountability. I can't feel too sorry for people like that. Do I feel badly for the kids? Absolutely, they're just collateral damage and their whole lives will be shaped by their parents poor decisions. Do I feel bad for the parents who lived in a reduced-price charity house then somehow "lost" more money than I make in 5 years? No I do not.
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Dec 2, 2013 18:54
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razz posted:..have mandated paid time off like EVERY other first world country Careful about these assertions, I live in one of the firstest world countries on earth and we have no mandated PTO or minimum wage, and quality of life here in Singapore is still remarkably high.
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Dec 2, 2013 21:10
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Yeah but you guys have that super-fast internet though, that should make up for it!
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Dec 2, 2013 21:25
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