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tuyop posted:My parents have invested in a friend's pottery business in the Caribbean. Their loans have been returning 18% per year, and the friend wants to expand by converting a building to a second facility, but there's also some issue with a loan shark who charges 20% per month. The whole thing is time sensitive because of the loan shark. So they made me a proposal: On top of what the above poster has said, how are you planning on reporting this income to the CRA?
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May 5, 2014 20:17
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/\/\ $900 a year? I guess I hope I don't get audited!a worthy uhh posted:Making your 'cash poor' parents repay you $5k on a dodgy 'investment' they're trying to cajole you into. If we don't lend, they'll just get the money as a cash advance on some credit line anyway so it's all the same to them. This way the interest just goes to us instead of a bank.
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May 5, 2014 20:20
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EugeneJ posted:I'll post my budget later - I actually live quite modestly and in an area with low cost-of-living. I'm at the moment trying to figure out just how much climate should be factored into our car purchasing decisions and the best way to handle it. For example, I live in Halifax. Our winter climate is very bipolar. This absolutely destroys our roads and our vehicles due to the need for salting the roads and constant freezing/thawing. In the middle of winter we can have a week of -15C weather followed by a day of 10C. I know that living here rust and potholes will kill my car far sooner than if I lived in a more consistent, drier climate. Where do you live? Is that what was happening to your older cars?
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May 5, 2014 22:40
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Rick Rickshaw posted:I'm at the moment trying to figure out just how much climate should be factored into our car purchasing decisions and the best way to handle it. People say Alberta is better for cars, but it's so not true. Halifax kills the outside, Edmonton kills the inside. Like, batteries, belts, tubes and poo poo all break up here. Not to mention the power bill from plugging your car in for four months at a time so your oil doesn't literally freeze solid. I budget for it by looking at per kilometre cost and history and saving that much. Works well so far.
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May 5, 2014 23:09
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Rick Rickshaw posted:I know that living here rust and potholes will kill my car far sooner than if I lived in a more consistent, drier climate. Where do you live? Is that what was happening to your older cars? Yes, I live in Western New York and corrosion is a major problem here. Rock salt is the devil. It's amazing travelling to California and seeing people driving cars from the 1970s that don't look like they've aged a single day. As promised, my monthly expenses: Rent: 425 Student loans: 240 Car lease: 195 Car insurance: 87 Hospital bill from when I was uninsured: 80 Gas: 60 Utilities: 50 Food: 40 Credit card: 25 Total: 1202/month Income: 1666/month (after taxes and health insurance deductions) Net Gain: 464/month Now here's where things get fun. The balance on my one Perkins loan is down to around $1500 and I'm going to pay that in full soon, reducing my student loan payment by $40. I'm going to qualify for full IBR this year and my Stafford loan payment will be $0, so that reduces my student loan payment by another $50. The hospital bill has 0% interest and will be paid off in a year, or whenever I decide to pay off the balance (it's at like $1200 now). The credit card I opened specifically for an emergency auto repair and has 0% interest for 18 months - I'll pay the minimum payments for a while and then pay off the full amount around Month 17. So in about a year my monthly expenses will look more like: Rent: 425 Student loans: 150 Car lease: 195 Car insurance: 87 Hospital bill from when I was uninsured: 0 Gas: 60 Utilities: 50 Food: 40 Credit card: 0 Total: 1007/month Income: 1666/month (after taxes and health insurance deductions) Net Gain: 659/month If I could work it out so that my Net Gain is close to $1000/month, that would be phenomenal. If I bought a beater and insured it at the bare minimums, I would be close to that. Asking for a raise soon, so that would help too 
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May 6, 2014 00:00
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You spend $40 bucks a month on food? What?
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May 6, 2014 00:31
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Those dumpsters ain't gonna dive themselves.
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May 6, 2014 00:43
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GAYS FOR DAYS posted:You spend $40 bucks a month on food? edit: oh wait, not in college?
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May 6, 2014 00:44
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GAYS FOR DAYS posted:You spend $40 bucks a month on food? I'm thrifty.
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May 6, 2014 00:49
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I'm trying to figure out what thrifty means in this instance. Bums food off parents or friends? Extensive garden? Goes to soup kitchens? Extreme couponer? Lives off of top ramen? No but seriously, that's pretty impressive.
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May 6, 2014 00:52
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Cicero posted:I'm trying to figure out what thrifty means in this instance. Bums food off parents or friends? Extensive garden? Goes to soup kitchens? Extreme couponer? Lives off of top ramen? I only buy a few days worth of food ahead of time. Being a former fatty, I know the danger in having a stocked pantry. It breaks down something like: $10/month - generic boxes of Pop Tarts (work food) $10/month - cheap cookies/crackers to have around the house $20/month - pasta, rice, whatever sounds good for lunches/dinners I only drink water and don't drink alcohol.
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May 6, 2014 01:01
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gently caress yeah I finally was able to sign up for my company's 401k plan  EugeneJ posted:I only buy a few days worth of food ahead of time. Being a former fatty, I know the danger in having a stocked pantry. That's a pretty dangerous diet plan you got going there especially considering how much you've prioritized your car over your own general health. Veskit fucked around with this message at 01:13 on May 6, 2014 |
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May 6, 2014 01:06
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EugeneJ posted:I only buy a few days worth of food ahead of time. Being a former fatty, I know the danger in having a stocked pantry. Dude. You're going to die of scurvy or lupus or something by the time you're thirty-five. Even on literally rice, frozen vegetables, and beans I was hitting $90/month (probably increased because I had to eat like 3k calories/day on that poo poo because I'm active). But that was at least a sustainable and healthy diet. Just buy a bag of frozen vegetables and eat it. Some fruit wouldn't hurt either. This is pretty much the definition of "penny wise, pound foolish". Sacrificing health is not worth $1200-2000 per year saved.
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May 6, 2014 01:07
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tuyop posted:/\/\ $900 a year? I guess I hope I don't get audited! Reported! : http://www.taxsqueal.com/ Anyway, I just bought a ton of delicious King Oscar sardines. I'm so happy. EugeneJ posted:I only buy a few days worth of food ahead of time. Being a former fatty, I know the danger in having a stocked pantry. Put some sardines on top of those crackers. You can get decent sardines from $1.00-$1.50 a can to $2.00-$2.50 a can. I bought a $3.00 can today just because I want to try different brands. Sephiroth_IRA fucked around with this message at 01:20 on May 6, 2014 |
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May 6, 2014 01:18
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That diet would make me want to kill my self... I am going to with the find a better job and be able to eat like a human.
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May 6, 2014 01:28
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You're paying $200 a month for a car you drive so little that you only spend $60 in gas each month? That must mean your daily commute is < 12 miles round trip? Sounds like you could use a bike. Also, my bullshit alarm is going off on that food budget. I don't think you're lying. I just think you're underestimating. Sorta like people tend to underestimate how many calories they eat when they're not tracking it. Are these numbers your estimate? or is this the report of a multi-month tracking average?
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May 6, 2014 01:41
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He could go with 30 cans of cheap sardines and a really big box of crackers. I would up the budget a bit though so you can get some more expensive sardines.
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May 6, 2014 01:42
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Folly posted:You're paying $200 a month for a car you drive so little that you only spend $60 in gas each month? That must mean your daily commute is < 12 miles round trip? Sounds like you could use a bike. Weather around here is only good 3 months out of the year and my commute runs through the hood, so a bike wouldn't work. If our transit system wasn't horribly inefficient I'd take public transportation. I do go to other people's places for dinner a few times a month, guys. Don't worry about my diet.
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May 6, 2014 02:02
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Just got my electric bill for the month. $26.16. The electric company here allows you to search an address and it will tell you the average electric bill for that address over the last twelve months, as well as the highest and lowest bill. I like looking at the info for the other people in my building and comparing it to mine. There's a lady in my building who has an apartment that is one of the smaller floor plans (I have the largest floor plan) and her average bill is almost $100 a month more than mine. I don't get how that's possible.
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May 6, 2014 03:44
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EugeneJ posted:I do go to other people's places for dinner a few times a month, guys. Don't worry about my diet. Yeah that doesn't make it okay  Seriously, add like 70 dollars to your food budget. You need to be eating some veggies and preferably some meat every day. God drat son.The only water part is fine, hell it's great.
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May 6, 2014 04:04
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GAYS FOR DAYS posted:Just got my electric bill for the month. $26.16. Basil. GUYS, NOTE THAT THAT IS NOT BOLDED AND CAPITALIZED.
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May 6, 2014 05:32
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Speaking of basil I should show you where mine is at. My work herb box is going strong. Though I had to go in after hours and spray pesticides cause of the dirt i used being littered with bugs.
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May 6, 2014 05:35
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Veskit posted:Speaking of basil I should show you where mine is at. My work herb box is going strong. Though I had to go in after hours and spray pesticides cause of the dirt i used being littered with bugs. I believe you're referring to BASIL
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May 6, 2014 12:01
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tuyop posted:Basil. So... Pot?
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May 6, 2014 12:01
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I was going to suggest that perhaps grandma is mining bitcoin but I think that would cost her more than $100 bucks. Anyway April kinda sucked because my wife and I ate out a lot due to being forced to carpool everyday, having to meet at lunch to do stuff for the new home and neither of us wanting to eat at each-others desk during lunch. I brought sardines today (and mouthwash) and all the cars are fixed now so hopefully things will go much better. Sephiroth_IRA fucked around with this message at 13:08 on May 6, 2014 |
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May 6, 2014 13:04
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dbl post.
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May 6, 2014 13:07
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Old people like heat, if your building isn't new it costs a bunch of money to keep an apartment at seventy five degrees 24/7/365.
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May 6, 2014 13:25
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Grumpwagon posted:I believe you're referring to BASIL I thought it was basil when it's basil and BASIL when it's pot. 
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May 6, 2014 16:15
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Just tightened up my monthly fun budget a little bit to free up $50 that's going to increase my 401k by a percentage point, and put the contribution increase into the 401k site. This morning I made myself over 2k post-tax post-inflation income a year in retirement 
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May 6, 2014 16:15
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Wife and I are both on business trips the next 2 days. Which means 2 days cost free.
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May 6, 2014 16:32
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Veskit posted:I thought it was basil when it's basil and BASIL when it's pot. I mean, that's the great mystery of Tuyop's thread. I believe that he was never referring to pot, so when he says BASIL he means the spice, and when he says basil, he means pot, but you can certainly find people who will argue the other point of view. I think he's on the record agreeing with me.
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May 6, 2014 16:54
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Veskit posted:I thought it was basil when it's basil and BASIL when it's pot. 
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May 6, 2014 17:22
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Oh no. Now I'm really confused.
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May 6, 2014 17:23
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It's both basil and pot until you smoke it and find out. It's Schrodinger's Herb.
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May 6, 2014 17:26
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Veskit posted:Speaking of basil I should show you where mine is at. My work herb box is going strong. Though I had to go in after hours and spray pesticides cause of the dirt i used being littered with bugs. Always use potters mix. You can prevent this next time by sterilizing your soil in the oven, though.
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May 6, 2014 17:45
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Sephiroth_IRA posted:Reported! : http://www.taxsqueal.com/ Tuyop's in Canada, so Uncle Sam can't touch him. I just listened to that This American Life story. Even the owner of the website wouldn't use it, why did he expect it to become a thriving business venture?
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May 6, 2014 18:40
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tuyop posted:Always use potters mix. You can prevent this next time by sterilizing your soil in the oven, though. Thats a pro tip on the oven part. Also I did use potters mix, but I leave the bag outside and yeah the bugs got in. I got an organic pesticide though and after 2 treatments everything should be dead enough to where it's not an issue. Only concern I have is my Cayenne in the box I may have to add a couple more seeds for that one.
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May 6, 2014 19:07
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Just heard an ad on Pandora for "organic checking". 
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May 6, 2014 21:46
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Nocheez posted:Tuyop's in Canada, so Uncle Sam can't touch him. Oh he said that? I had to go into a store so I didn't get to finish it. Was the reason he wouldn't use it just because he prefers to go through the IRS himself or did he have better reasons? Anyway I emailed that site to a few friends, one is always complaining about his boss and mentioning ways he's cheating on his taxes.
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May 6, 2014 22:48
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Cicero posted:Just heard an ad on Pandora for "organic checking". What is that? Google makes it sound like a no fee chequing account.
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May 6, 2014 23:30
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