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Nocheez posted:I have no clue what I just watched. I am glad it's not just me. Though one thing I got is that the people who put those rimz on should be shot for crimes against taste.
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Jan 9, 2014 17:33
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Nocheez posted:I have no clue what I just watched. Guys are part of ACN, a pyramid company that resells communications. I'm not sure what they're reselling for them, BUT SOMEONE WILL MAKE A LOT OF MONEY. https://www.youtube.com/watch?v=VX7GU2hvulI Also their Bentley has streaks on their rims. Definitely not baller.
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Jan 9, 2014 17:54
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Nocheez posted:I have no clue what I just watched. MLM, that's pretty much all you need to know. Business meeting at an IHOP? MLM. Day is saved when the potential pyramidees are shown that the people at the top totally own Bentleys? MLM. MLM is a whole other category of bad with money, we would probably have to rename the thread "people sad with money".
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Jan 9, 2014 17:55
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Dude knows Flavor Flav though. Isn't he good with money? https://www.youtube.com/watch?v=UsTPots2i0M
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Jan 9, 2014 18:02
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FrozenVent posted:Isn't that one of the few cases where it makes sense to lease a car? Say Nothing posted:I went to an MLM seminar once out of curiosity. The only other people were a couple who had invested in it and were there to complain about how they were being ripped off. "Well if you think about it all companies' hierarchies are pyramid-shaped. Even Walmart's!" "You're not networking enough!" etc. melon cat fucked around with this message at 18:42 on Jan 9, 2014 |
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Jan 9, 2014 18:05
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Strong Sauce posted:Dude knows Flavor Flav though. Isn't he good with money? https://www.youtube.com/watch?v=UsTPots2i0M This guy is "successful" with MLM because he's charming and is alpha as hell, so he doesn't care that he's screwing everyone at the bottom of the pyramid. I say successful in quotes because he's still probably the type to be mortgaged up to his eyeballs and just riddled with debt to pay for all of his things that maintain his image of success. edit: Can we get a thread for this guy? https://www.youtube.com/watch?v=hadOdyi9TvE edit2: Wow, this evangelical-esque "keynote" is definitely faked. There's no way there's actually a crowd listening to him: https://www.youtube.com/watch?v=vfINe-ZXpwU Rick Rickshaw fucked around with this message at 19:07 on Jan 9, 2014 |
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Jan 9, 2014 18:12
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melon cat posted:Definitely. And if your employer is so hung up on their employees having nice, shiny cars when visiting clients the company should cover most, if not all, of the costs of owning that vehicle. Most companies do exactly this if they're concerned about the image their employees' cars present. Sure, "car allowances" are also common, but it's just plain old taxable income by a different name.
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Jan 10, 2014 00:48
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SlapActionJackson posted:Sure, "car allowances" are also common, but it's just plain old taxable income by a different name. And I don't like this cause THEN I'M IN A HIGHER TAX BRACKET AND TAKE HOME LESS MONEY HURR HURR
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Jan 10, 2014 01:28
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NancyPants posted:And I don't like this cause THEN I'M IN A HIGHER TAX BRACKET AND TAKE HOME LESS MONEY HURR HURR Actually, in a vacuum, yeah, getting a car allowance from work will actually reduce the amount you take home. But that's assuming you already had a car and the cost to maintain/fuel is less than the taxes paid on the car allowance.
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Jan 10, 2014 01:30
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silvergoose posted:Actually, in a vacuum, yeah, getting a car allowance from work will actually reduce the amount you take home. But that's assuming you already had a car and the cost to maintain/fuel is less than the taxes paid on the car allowance. What you just described is sort of the opposite of a vacuum. E: cause it is a car, get it? :v
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Jan 10, 2014 01:35
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Rick Rickshaw posted:edit: Can we get a thread for this guy? The cashier's check he flashes at the beginning loving says "NON-NEGOTIABLE" on it 
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Jan 10, 2014 02:19
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Bisty Q. posted:The cashier's check he flashes at the beginning loving says "NON-NEGOTIABLE" on it I've never seen a cheque that doesn't. Doesn't it basically just mean whatever details written on it are final basically?
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Jan 10, 2014 02:39
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I'm sad to hear that Kangen water is MLM. There's an awesome Rasta family at our farmers market who make great fried fish sandwiches with soul food sides. They also have a Kangen water thing and are always talking about it. We just laugh about it. They even gave us a DVD once with interviews with people talking about how great Kangen water is although I don't remember if we watched it. It makes me sad to think that they're caught up in it since they're cool folks.
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Jan 10, 2014 02:42
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Rudager posted:I've never seen a cheque that doesn't.  Non negotiable on a check means it isn't a valid check.
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Jan 10, 2014 02:46
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silvergoose posted:Actually, in a vacuum, yeah, getting a car allowance from work will actually reduce the amount you take home. But that's assuming you already had a car and the cost to maintain/fuel is less than the taxes paid on the car allowance. Is this true? If your tax bracket goes up you only pay the higher rate on the additional income. It shouldn't affect the taxes you pay on your normal salary.
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Jan 10, 2014 02:56
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in_cahoots posted:Is this true? If your tax bracket goes up you only pay the higher rate on the additional income. It shouldn't affect the taxes you pay on your normal salary. If the car benefit is reported as a taxable perk or reimbursement you have to pay taxes on it. For example, if your company pays for a cellphone and plan that you also use for personal use, that's taxable and needs to be reported. So, if you get some sort of car allowance, and it gets reported, that could cost you even though you don't get it. It would be a pretty weird scenario though.
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Jan 10, 2014 03:02
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pathetic little tramp posted:But guys, your clients will be super impressed when you take them to your business meeting at an IHOP and see that you're driving a Bentley! Look, here's video evidence. That is so much crazier than I though it was going to be. I was interviewing candidates for a web design position. One "candidate" that was submitted by an agency only had one client site on his portfolio and it was some sort of horrible 1996-looking candle-selling MLM site. His work was the personal site for someone who was wrapped up in the scam. She had all these crazy pictures of yachts and Caribbean islands on her site and talked about making your dreams come true... But she was supposedly selling candles. I couldn't figure it out until I looked up the candle company and it was a slicker site but the same weird confusion: lots of verbiage about lifestyle but nowhere to actually buy candles. I told the agency to never send me anyone who was involved in pyramid schemes again.
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Jan 10, 2014 03:08
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corkskroo posted:I'm sad to hear that Kangen water is MLM. There's an awesome Rasta family at our farmers market who make great fried fish sandwiches with soul food sides. They also have a Kangen water thing and are always talking about it. We just laugh about it. They even gave us a DVD once with interviews with people talking about how great Kangen water is although I don't remember if we watched it. It makes me sad to think that they're caught up in it since they're cool folks. At least selling soul food is a real business so at least they have that going for them.
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Jan 10, 2014 03:10
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HelloIAmYourHeart posted:At least selling soul food is a real business so at least they have that going for them. They clean up and they're great people. I hope the water thing isn't killing them.
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Jan 10, 2014 03:20
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I know, I know, Reddit. But holy cow, this guy http://www.reddit.com/r/personalfinance/comments/1utl1n/180000_student_loan_debt_i_need_some_serious/ Key points: - $180k in (mostly private) student loan debt for an art degree - Parents co-signed the loans - Can't afford repayments - Is leasing a car It's so depressing I almost feel bad for the guy.
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Jan 10, 2014 03:33
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Eden posted:- $180k in (mostly private) student loan debt for an art degree edit: hahaha he also blames his lack of employability on "corruption in outsourcing": quote:Over those 3-5 years, the gaming / film industry has started seeing corruption in outsourcing majority of their jobs across seas. Rendering me with a useless degree until my skills are at godsend level or I get really lucky while networking.
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Jan 10, 2014 03:44
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You'd think someone with an art degree would learn how to use the word "render."
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Jan 10, 2014 03:47
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pathetic little tramp posted:But guys, your clients will be super impressed when you take them to your business meeting at an IHOP and see that you're driving a Bentley! Look, here's video evidence. I have a low tolerance to anything MLM, but I'm so glad that this exists. Tools! I HAVE TO HAVE MY TOOLS! I like to bind, I like to be bound
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Jan 10, 2014 03:48
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Volmarias posted:If the car benefit is reported as a taxable perk or reimbursement you have to pay taxes on it. For example, if your company pays for a cellphone and plan that you also use for personal use, that's taxable and needs to be reported. So, if you get some sort of car allowance, and it gets reported, that could cost you even though you don't get it. It would be a pretty weird scenario though. Car allowances are always taxable, so it's all just income, but people tend to go along with employer's car standards more easily if they think they're getting help for it. $60K sales job w/ $6k car allowance is EXACTLY the same as a $66K job with no allowance. Same taxes, same take home.
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Jan 10, 2014 03:52
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Bisty Q. posted:
I guess it's something different here, I always thought it basically meant the person it's made out too was the only one that could bank it and only in the full amount. EDIT: Yeah, seems here in Australia it means something totally different, I just checked with an accountant here at work (slow day), apparently it caused quite a problem for us in the past when we had to send out a few cheques to our US customers for refunds and at least one of them couldn't bank it and had to be re-issued without the usual "Non-Negiotable" written across it. Rudager fucked around with this message at 04:18 on Jan 10, 2014 |
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Jan 10, 2014 04:13
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To be fair, it could just be the receipt of an actual cashier's cheque, but it does beg the question, why are they showing him just testing a ferrari and not actually driving it when the latter would be far more impressive?
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Jan 10, 2014 04:19
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SlapActionJackson posted:Car allowances are always taxable, so it's all just income, but people tend to go along with employer's car standards more easily if they think they're getting help for it. Well I assume if you only buy a $4k car then you can't keep the difference.
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Jan 10, 2014 05:04
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pathetic little tramp posted:To be fair, it could just be the receipt of an actual cashier's cheque, but it does beg the question, why are they showing him just testing a ferrari and not actually driving it when the latter would be far more impressive? I'm pretty sure it is a receipt. But to answer your question, I'm also pretty sure it's fake just like the keynote speech in front of the fake audience.
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Jan 10, 2014 05:07
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Jeffrey posted:Well I assume if you only buy a $4k car then you can't keep the difference. You're not likely to find a $4K car that meets the criteria, but yes, you get to keep the difference if you don't spend it all.
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Jan 10, 2014 05:13
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I know this was mentioned here before, but commuting is expensive. A guy I have since lost touch with made $20K at the kind of job that would shell out such a salary. However, the job could earn him more money with weekend work, and invariably he turned that down to go visit his girlfriend every weekend. Not so bad, right? Except that each visit was 200 miles round trip, with a 5,000-foot elevation change. Gas where we lived was $4 a gallon. His car was a beater, too. I have no idea how he managed to feed himself after paying rent, bills and gas for weekend visits. The guy then got a new job, in a different place, that still paid the same amount of money but for even MORE work (somehow). He moved in with his girlfriend. Sweet deal ... except that his round-trip commute is 120 miles each day, with a 2,000-foot elevation change. Gas is still expensive. His car is still poo poo. His girlfriend is a college student who doesn't work. From what I understand, she has some student loan debt but just a few thousand dollars, not the $100,000+ of other financial fuckups. Last I'd heard from them, he'd gotten his girlfriend pregnant.
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Jan 10, 2014 07:01
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Oh my god what on earth? ETT ETC IBO Taprooting what the hell language is this guy speaking? This is unbelievable. Like the candle thing I was talking about, when you're looking at a business and you can't figure out what the gently caress they actually do or sell that's a really bad sign. I can't believe that there's this huge shadow industry filled with people who don't understand that.
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Jan 10, 2014 12:21
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corkskroo posted:Oh my god what on earth? ETT ETC IBO Taprooting what the hell language is this guy speaking? This is unbelievable. Like the candle thing I was talking about, when you're looking at a business and you can't figure out what the gently caress they actually do or sell that's a really bad sign. I can't believe that there's this huge shadow industry filled with people who don't understand that. That video is great, because it reveals that that the people who make money in that nonsense NEVER sell any of the product - they just find people willing to pay the $500 to become a part of the "business." You'd think that if they were actually selling product, this guy would mention actually how to sell the product as a pillar of success. But no... it's all about finding more suckers. And you only need 4 people! It's so BLATANTLY a pyramid scheme that his best selling point is that it's a great pyramid scheme.
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Jan 10, 2014 15:58
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LARGE THE HEAD posted:I know this was mentioned here before, but commuting is expensive. This is just depressing 
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Jan 10, 2014 21:42
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Rudager posted:What the gently caress is this poo poo? You know this story isn't really funny and hits home pretty hard. I'm going to guess the guy has some undiagnosed mental illness and coupled with leaving a very structured life in the military he now has a big problem adjusting to civilian life. My dad was a Vet, did a couple tours in Vietnam, came back and used his GI Bill for college and was a pretty successful CPA... for a while, then eventually PTSD and probably some other forms of mental illness made it so he couldn't even hold down a job at a pawnshop any more. He eventually got on disability but it didn't make things any better, just put a little money in his pocket. Lived out of his car and motels when he could afford it. The check showed up on the 1st and he was broke by the 15th. Life isn't so cut and dry you know.
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Jan 10, 2014 22:06
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Old Fart posted:I'm starting to love your roommate. More! Haven't had any good stories since then but she just told me what I owed her for power the other day. It was pretty high, like much higher than I expected even considering that last month got really cold. I finally figured out why when I had to get something from her room which was like walking into an oven because the heat was turned to 90 F. I mentioned she left the heat on so I just turned it off when I saw her later and her response was "oh yeah I like keeping my room warm for when I get home from work." She's really terrible at electricity and often leaves her lights on because "it's just cents on the dollar" and needs to turn on every single light in the vicinity of where she's standing and always needs to have a TV on for background noise, but it was never a big enough deal enough for me to say that splitting 50/50 on electricity wasn't fair even if she used more because that's one of the things with roommates: you win some and you lose some, but this takes the cake (and rather than being passive aggressive about it we talked like adults and she agreed I should only have to pay the same I paid last month plus extra for communal heating).
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Jan 10, 2014 22:23
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Is there seriously multi level marketing for everything now? I just saw a new one pop up on my feed for those body wrap things that magically make you smaller or something.
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Jan 11, 2014 12:32
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I once got drawn into a company that wasn't a MLM per se, but was still very shady. In a 100% commission (But we don't tell you that during the initial interview  ) kind of way. We had to pay our own bus fares to get on site, but that was about it for what we had to pay out. The 'sales' aspect was door-to-door on three campaigns (that were sequential, we moved from one to the next for the three months I was there). First, checking privately owned homes for insulation to see if they qualified for government grants (basically free insulation upgrades if the insulation wasn't thick enough). Second, doing the same for council houses on request of local governments. Finally trying to sign people up for an obscure charity.The really shady part was that we were promised a fixed wage during interview 1. Interview 2 admitted the 'real' structure: 1)2-4 weeks sales role to learn about the products and pitches - 100% Commission 2)2 months senior sales role with management aspects - Weekly wage ... Final stage: Full management role with our own offices where chosen (My thoughts on this stage - "Yeah, right") It quickly became clear that the 'managers' are at the 100% commission still, one even admitted it. I would think that he'd been suckered into it only he said that him and the other two (only) employees before we joined formed the company together, so he was probably just good as high pressure sales due to being a pushy, seedy bastard. They get sub-commissions based on our performance, for each sale we made they got money as well. His logic for being on commission was "it prevents you getting complacent", but yeah, gently caress you too Prospect Marketing Enterprises. I quit after 3 months due to the toxic atmosphere and increasingly obvious MLM shenanigans.
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Jan 11, 2014 13:52
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Bisty Q. posted:
Well, not always: http://patrickcombs.com/95g/
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Jan 11, 2014 19:10
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TLG James posted:Is there seriously multi level marketing for everything now? I just saw a new one pop up on my feed for those body wrap things that magically make you smaller or something. One of my classmates became a distributor for "Itworks" the wrap. I was unconvinced by her before and after pictures
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Jan 11, 2014 21:24
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DuckConference posted:Well, not always: http://patrickcombs.com/95g/ Props to that guy for spinning his story into a whole self-help brand for himself. I guess. He never says if he gave the money back. Wouldn't knowing you're depositing a fake check be a crime itself?
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Jan 11, 2014 22:46
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