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2Lts with their first taste of real money who own luxury/sport cars are the best. It wouldn't be out of place in military.txt but I know one guy in particular who traded his viper (and the 8k negative equity that went along with it) for a charger with all the options. Almost 60k overall at double digit interest rates while renting from a literal slumlord 
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Jan 3, 2014 08:21
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froglet posted:Overheard today: "Well I have to have two TV's, because if you don't have two TV's you've failed at life!" This is why I have 3 TVs, in case one breaks I'll still be succeeding at life. If two break at once though... 
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Jan 3, 2014 17:51
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Mirthless posted:
https://www.youtube.com/watch?v=H3NWvzzBMBU
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Jan 3, 2014 20:53
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Isentropy posted:A request: does anyone remember a Yahoo Finance article about a woman and her husband who, having paid off their mortgage, refinanced for over 100,000$ to make renovations and pay for vacations? quote:She took friends on wild, all-expenses-paid trips to Cancun, Florida, Las Vegas, California, the Caribbean. She is now so broke that she has to take the bus to get around. And the pièce de résistance: quote:Asked about how life turned out for them, Vinny shrugs, smoking a cigarette in the doorway of their home. 
melon cat fucked around with this message at 23:15 on Jan 3, 2014 |
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Jan 3, 2014 23:06
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I guess some people really just don't care about money. If she has money she'll spend it but if not, no big deal. Being poor is fine too. It's probably not the worst attitude to have especially when you read about other lotto winner stories who end up divorced, depressed, ostracized by their friends/family or even killing themselves when they realize the money's gone. quote:“And that was time for fun to stop and to just go back to life,” she says. Tirabassi is happier today, she says, adding life has more purpose now than when she was shopping. According to the article she put some of the money in a trust for her kids, so at least there's that. And she gave huge amounts of the money to friends and other family who then disappeared from her life. I don't really know how to feel about this story. Good for her for keeping her head up. razz fucked around with this message at 00:17 on Jan 4, 2014 |
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Jan 4, 2014 00:09
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melon cat posted:YES! I remembered that. I had to resist the urge to tear out my hair after reading each line of that article. But in all fairness, those people can't beat Sharon Tirabassi, a local woman here who won a $10.5 million lotto pick, and went from dirt poor, to wealthy, straight back to dirt poor due to being incomprehensibly-stupid with her money. Some highlights: http://www.rotten.com/library/culture/lottery-winners/
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Jan 4, 2014 01:52
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My parents knew a guy who won about $30 million in a lottery back in the early 90s. That game did not offer the option to take a lump sum in lieu of the annuity, so he got 20 years worth of payments. Between buying a bunch of stuff and a divorce, he basically burned through all the money well over a decade before the annuity stopped paying out. This guy takes the cake though when I think of people who get completely nuts once they wind up with that kind of cash. http://en.wikipedia.org/wiki/Jack_Whittaker_(lottery_winner)
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Jan 4, 2014 02:29
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There are many, many stories about lottery winners who manage to blow everything within a relatively short time. Here's another... http://en.wikipedia.org/wiki/William_Post
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Jan 4, 2014 03:51
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The article was a bit unclear, but she is either supporting 6 or 9 kids. That's a lot of mouths to feed. I wonder how much she could have lived off of if she just bought like 1 million bucks in coke stock and lived off the dividends.
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Jan 4, 2014 11:46
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Correct me if I'm wrong but Coca Cola stock is $40/share, so 25,000 shares. The dividend payment in 2013 was $0.28, quarterly, so $1.12 per share for the year, so $28,000. Granted the dividend is higher some years, but I wouldn't want to support a herd of kids on that kind of money, even in Georgia.
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Jan 4, 2014 16:05
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MrKatharsis posted:Correct me if I'm wrong but Coca Cola stock is $40/share, so 25,000 shares. The dividend payment in 2013 was $0.28, quarterly, so $1.12 per share for the year, so $28,000. Granted the dividend is higher some years, but I wouldn't want to support a herd of kids on that kind of money, even in Georgia. Man if she'd put the whole ten million into a dividend ETF like ZDF in Canada she would be able to take 487k per year gross.  (I don't really understand dividends so correct me if I'm wrong. Also her 10 mil probably would have inflated the fund price a little so it may not be the best choice but still)
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Jan 4, 2014 16:16
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Any dividend payouts will be reflected in the share price anyway, I guess the only difference is in that you don't need discipline to only cash out a fixed portion each year.
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Jan 4, 2014 20:04
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15 athletes who went bankrupt. http://www.therichest.com/celebnetworth/athletes/athletes-bankrupt/ It seems it is possible to burn through any amount of money if you are careless enough. Mike Tyson going from earning $400 million to broke is pretty incredible. I kind of expect Floyd Mayweather to join this list, if stories of his extravagant spending are true.
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Jan 5, 2014 01:50
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Say Nothing posted:15 athletes who went bankrupt. He apparently has 123 million in his bank account. There was a good write up on his opulent lifestyle, but it seems like he still knows how to make the money as well. Edit: this is the article and it's great -- http://m.espn.go.com/extra/boxing/story?storyId=9630673&src=desktop MrEnigma fucked around with this message at 02:06 on Jan 5, 2014 |
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Jan 5, 2014 01:59
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Why would you ever keep $123 million in one bank account? I'm really hoping the article meant some sort of investment account and not a checking or savings account.
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Jan 5, 2014 02:49
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more friedman units posted:Why would you ever keep $123 million in one bank account? I'm really hoping the article meant some sort of investment account and not a checking or savings account. When your expenses are 40 mil a month that's a pretty sound emergency fund, in my opinion.
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Jan 5, 2014 02:58
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TLG James posted:I wonder how much she could have lived off of if she just bought like 1 million bucks in coke stock and lived off the dividends. She'd be much better off buying a McDonald's franchise, or maybe Taco Bell.
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Jan 5, 2014 03:37
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kitten smoothie posted:My parents knew a guy who won about $30 million in a lottery back in the early 90s. That game did not offer the option to take a lump sum in lieu of the annuity, so he got 20 years worth of payments. Between buying a bunch of stuff and a divorce, he basically burned through all the money well over a decade before the annuity stopped paying out. quote:Three months later on December 20, 2004, Brandi Bragg, 17, was found dead on the property of one of her male friends after being reported missing on December 9. Her body was wrapped inside a plastic tarpaulin and dumped behind a junked van. No one was charged with a crime and the death was ruled an overdose.[5]  so before she took drugs she went out to the van, wrapped herself in a tarp then proceeded to OD?
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Jan 5, 2014 03:40
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Strong Sauce posted:
Could easily be that she OD'd and her boyfriend panicked and didn't know what to do with the body.
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Jan 5, 2014 03:43
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tuyop posted:When your expenses are 40 mil a month that's a pretty sound emergency fund, in my opinion. I think he meant, in terms of federal insurance of only up to $250,000 per account. I'm assuming his funds are split across multiple accounts AND investment vehicles.
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Jan 5, 2014 03:43
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My wife was catching up with one of her friends from our old city the other day. Before we moved 3 years ago, this friend's sister-in-law was going through a divorce. After selling their house 6 months later, she ended up with about $120k. She apparently used this money to chase her dream of having a yoga studio and/or clothing line. She quit her well-paying, cushy government job, took a bunch of expensive yoga retreats to exotic places to become certified as a yoga instructor, spoiled her 2 kids so that they'd like her more than Dad and managed to otherwise blow through all of the money in the course of 2.5 years and is now living with her mother and owns neither a yoga studio or a clothing line. I don't feel bad for her, but it sucks for the kids. Working for the government may not be the most rewarding thing in the world, but they pay generously, probably offer the most job security in the country and give more than enough PTO for her to go do yoga on the shores of the Mediterranean once or twice a year. It's not like most cities are hurting for more yoga studios nowadays, but I guess there's money to be made if you can convince a dozen people to come to a villa in Greece with you for a week at $10k/pop.
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Jan 6, 2014 19:08
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SpelledBackwards posted:I think he meant, in terms of federal insurance of only up to $250,000 per account. I'm assuming his funds are split across multiple accounts AND investment vehicles. Institutions for affluent customers will have private insurance on top of FDIC, usually for millions of dollars.
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Jan 6, 2014 20:32
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Rockzilla posted:Working for the government may not be the most rewarding thing in the world, but they pay generously, Generally speaking, if a government job has a private equivalent, the private equivalent gets paid more; especially for education-required stuff. The rest of that sentence was correct.
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Jan 6, 2014 20:40
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VideoTapir posted:Generally speaking, if a government job has a private equivalent, the private equivalent gets paid more; especially for education-required stuff. The rest of that sentence was correct. Unless you're a social worker like me  Working in CPS is the best shot a social worker has of netting 70k+, and that's only in wealthy areas.For a story of people who are bad with money, a coworker in CPS just had their 20th anniversary with the county and still scrounges for after hours shifts to make ends meet, and claims contributing to additional retirement beyond the county pension is for chumps. He's nearing 65, and works overnight in addition to his regular shifts at least once a week. Mocking Bird fucked around with this message at 22:00 on Jan 6, 2014 |
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Jan 6, 2014 21:57
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I know it's not strictly in line with the thread, but here's a video of some idiot who tries to push MLM on Dragon's Den. The interesting/horrible bit is how convinced he seems to be that it's a solid idea. https://www.youtube.com/watch?v=BrwwC6KuS7Y
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Jan 6, 2014 22:43
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Foxhound posted:I know it's not strictly in line with the thread, but here's a video of some idiot who tries to push MLM on Dragon's Den. The interesting/horrible bit is how convinced he seems to be that it's a solid idea. Oh, I think that is strictly in line with the thread.
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Jan 7, 2014 05:48
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Foxhound posted:I know it's not strictly in line with the thread, but here's a video of some idiot who tries to push MLM on Dragon's Den. The interesting/horrible bit is how convinced he seems to be that it's a solid idea. I'm dying... This guy is such a sucker my god. Do people like this really exist?
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Jan 7, 2014 06:38
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Lelorox posted:I'm dying... This guy is such a sucker my god. Do people like this really exist? I'm glad you asked that. I have a proprietary source of stories of people like this, and as you know there's a lot of interest in hearing these stories. Big interest means big money. Couldn't you use some easy money on the side? Let me set you up with a collection of stories to sell, and I'll throw in a license to resell the stories as long as you pay me a commission, and you can even sell the licenses too! I don't let just anybody in on this, but you seem like the kind of person who can appreciate the opportunity I'm presenting.
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Jan 7, 2014 06:50
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baquerd posted:I'm glad you asked that. I have a proprietary source of stories of people like this, and as you know there's a lot of interest in hearing these stories. Big interest means big money. Couldn't you use some easy money on the side? Let me set you up with a collection of stories to sell, and I'll throw in a license to resell the stories as long as you pay me a commission, and you can even sell the licenses too! I don't let just anybody in on this, but you seem like the kind of person who can appreciate the opportunity I'm presenting. I'm in. What Nigerian email address do I send my social security number to?
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Jan 7, 2014 06:55
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Foxhound posted:I know it's not strictly in line with the thread, but here's a video of some idiot who tries to push MLM on Dragon's Den. The interesting/horrible bit is how convinced he seems to be that it's a solid idea. Ok, so I'm 1 min in, but is he really trying to sell the MLM to the dragons and not just investing in his company? EDIT: Hahah, oh poo poo, he really is, this is loving great. Rudager fucked around with this message at 07:46 on Jan 7, 2014 |
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Jan 7, 2014 07:44
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baquerd posted:I'm glad you asked that. I have a proprietary source of stories of people like this, and as you know there's a lot of interest in hearing these stories. Big interest means big money. Couldn't you use some easy money on the side? Let me set you up with a collection of stories to sell, and I'll throw in a license to resell the stories as long as you pay me a commission, and you can even sell the licenses too! I don't let just anybody in on this, but you seem like the kind of person who can appreciate the opportunity I'm presenting. I got nauseous just reading that, there are so many lies there. It is not even polishing up a certain side of the truth but a bundle of false reasoning and horrible twists and turns then based on this. The only real truth is "I'm glad you asked that", the rest is lies. Yuk.
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Jan 7, 2014 08:45
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"It's in Hungarian Florenz so it's hard to say..." Hahahahaha
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Jan 7, 2014 13:55
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Bad with other peoples' money, at least.
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Jan 7, 2014 18:32
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51 seconds in: "a historical business opportunity". Holy poo poo, you know its going to be good.
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Jan 7, 2014 20:27
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olylifter posted:51 seconds in: "a historical business opportunity". Holy poo poo, you know its going to be good.
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Jan 7, 2014 22:01
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baquerd posted:I'm glad you asked that. I have a proprietary source of stories of people like this, and as you know there's a lot of interest in hearing these stories. Big interest means big money. Couldn't you use some easy money on the side? Let me set you up with a collection of stories to sell, and I'll throw in a license to resell the stories as long as you pay me a commission, and you can even sell the licenses too! I don't let just anybody in on this, but you seem like the kind of person who can appreciate the opportunity I'm presenting. To be fair in exchange for our money you would be passing us (comedy) gold so I am now intrigued. I'm amazed that this guy even got on Dragons' Den. The executive producer must have passed out from laughter.
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Jan 8, 2014 01:55
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Volmarias posted:To be fair in exchange for our money you would be passing us (comedy) gold so I am now intrigued. Cool, I think you'll be amazed at the money making potential. Imagine not having to work again in your life unless you wanted to! My system can set you up for life just like that. Basically, I need a small upfront fee to cover my overhead. In return, I'll get you a premium account with which you can access the stories. Whenever you sign someone else up, just let me know and pass their payment (minus your commission of course) to me, and I'll take care of the rest. For every future distributor you sign up, you get $20, which is really an amazing commission in today's sales market, but I believe in the system enough to offer that to you. The upfront fee is only $100, which you can make back in less than an hour because really these things sell themselves. Now, are you ready for the best part? I'm not just giving you stories about people bad with money, but thousands of other ridiculously awesome collections. There's collections about just about anything you or anyone else could possibly be interested in: pets, automobiles, cooking, fitness, general bullshit, and so much more. Everything is already organized for you in "threads" which are fully searchable, and you can even add to the collections yourself for free!
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Jan 8, 2014 02:49
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Can I do it from the comfort of my home?
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Jan 8, 2014 04:27
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Oh god that was great. Pretty good throwback to preschool with the shape learning and all.
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Jan 8, 2014 05:11
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baquerd posted:Cool, I think you'll be amazed at the money making potential. Imagine not having to work again in your life unless you wanted to! My system can set you up for life just like that. Basically, I need a small upfront fee to cover my overhead. In return, I'll get you a premium account with which you can access the stories. Whenever you sign someone else up, just let me know and pass their payment (minus your commission of course) to me, and I'll take care of the rest. For every future distributor you sign up, you get $20, which is really an amazing commission in today's sales market, but I believe in the system enough to offer that to you. The upfront fee is only $100, which you can make back in less than an hour because really these things sell themselves. Zoobooks?
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Jan 8, 2014 05:39
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