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pig slut lisa posted:There's a guy melting down in BYOB right now who took out a $3,000 401k loan to be a baller at an anime convention but it's ok guys because he still has $12K in the account! I love that guy's idea of what being rich is like quote:i just basically had a shitload of money and bought my friends a bunch of anime poo poo, rented out a fancy suite for my wife, spent $300 at an arcade and bought a bunch of random people drinks and also gave four random people a $20 bill without saying anything and quickly walking away "I walked up to some random person, mumbled incoherently at them, shoved a $20 at them while staring at my feet then quickly walked away without ever making eye contact" What a baller e: holy poo poo he posts his SSN, bank account # and routing #, mom's maiden name and pet's name in the thread later and immediately has people charge like $500 worth of stuff. ranbo das fucked around with this message at 04:07 on Oct 22, 2014 |
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Oct 22, 2014 04:01
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People realize that's just a random string of numbers, right? US routing numbers are 9 digits. International bank account numbers are usually no more than 34 digits. It's all just BYOB nonsense.
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Oct 22, 2014 04:11
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Nobody's SSN begins 420-69.
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Oct 22, 2014 04:12
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ranbo das posted:I love that guy's idea of what being rich is like  I do like his idea of being rich is having $3000. Pretty easy to be a happy rich person at that price point (except that he spent it and presumably lost more money than that with the 401k loan).
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Oct 22, 2014 04:13
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Crabby Abby posted:People realize that's just a random string of numbers, right? US routing numbers are 9 digits. International bank account numbers are usually no more than 34 digits. It's all just BYOB nonsense. They got a mod to come in and edit it and probate him. The mod posts later in the thread about how he just scrambled the numbers/replaced them with obvious jokes like 1488 and 420
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Oct 22, 2014 04:17
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Crabby Abby posted:People realize that's just a random string of numbers, right? US routing numbers are 9 digits. International bank account numbers are usually no more than 34 digits. It's all just BYOB nonsense. MrKatharsis posted:Nobody's SSN begins 420-69. A mod edited the silly number into the post because there was a real routing number and a plausible checking account number in the original  to clarify, the financial info g0lbez posted was not his own, although it plausibly could have been. he also did not have any fraudulent charges. he was, however, totally serious about the 401k loan. and the way the thread was going, i thought it was best to report him just in case it was real bank info. pig slut lisa fucked around with this message at 04:22 on Oct 22, 2014 |
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Oct 22, 2014 04:19
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I am going to ban everybody now for even knowing about this. Also, LOL.
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Oct 22, 2014 04:26
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blugu64 posted:Hey that's my SSN too Are you a Neo-Nazi? Edit: Wait, that's a mod edit? There was a real social in there?
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Oct 22, 2014 06:52
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Centripetal Horse posted:Are you a Neo-Nazi? Of course he is, only members of the National Socialist Party would be members of a program called Social Security. Haven't you ever heard of the SS? (BBC: Nazis who left US still received social security)
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Oct 22, 2014 07:43
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Wickerman posted:It sounds like the 200k/yr people are at bankruptcy time. You can't get discharge back taxes or student loans. So yeah, they're stuck with that debt at least.
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Oct 22, 2014 14:32
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Saros posted:Reddit roundup: With a $5k loan at $1000/month, and a $2700 loan at $600/month, even with horrible interest rates they could suck it up (read: eat a lot of chicken thighs, peanut butter, and eggs instead of the daily Applebee's run I'm sure they're doing) and pay these off in 6-7 months. Suddenly they have another $1600 monthly to address high interest debt! Unless, of course, that $200k is more like $151k rounded up, and he's forgotten to mention the half dozen orphaned foster
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Oct 22, 2014 16:47
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paperchaseguy posted:With a $5k loan at $1000/month, and a $2700 loan at $600/month, even with horrible interest rates they could suck it up (read: eat a lot of chicken thighs, peanut butter, and eggs instead of the daily Applebee's run I'm sure they're doing) and pay these off in 6-7 months. Suddenly they have another $1600 monthly to address high interest debt! Was it in this thread where there was the dude whose wife collected "foster" animals, and the last straw was when the ducks moved into his parking space? 
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Oct 22, 2014 17:14
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That one was loving awesome. Who doesnt want a whole goddamn petting zoo living in and around their house. Speaking of which whatever happened to the old reddit mock threads. I miss them.
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Oct 22, 2014 19:34
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Krispy Kareem posted:You can't get discharge back taxes or student loans. So yeah, they're stuck with that debt at least. Actually, provided the back taxes are old enough and not due to fraud, they can be discharged in a bankruptcy. That said, at 200k a year, they aren't very likely to qualify for a Chapter 7 and any 13 plan they would end up under would likely result in a full repayment regardless.
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Oct 22, 2014 20:25
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Shipon posted:Actually, provided the back taxes are old enough and not due to fraud, they can be discharged in a bankruptcy. That said, at 200k a year, they aren't very likely to qualify for a Chapter 7 and any 13 plan they would end up under would likely result in a full repayment regardless. Really? I know you can renegotiate your tax burden, but I figured the IRS always got its share. It's really going to be interesting terrible to see how millennials deal with their debt as they reach prime bankruptcy age in their 30's and 40's. Considering a huge chunk of it is student loan debt that they can't discharge.
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Oct 22, 2014 20:39
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I'm long on some manner of student loan forgiveness/relief by then, it's not sustainable at all and it seems like the hit to the economy will only be worse if no one can pay at all. (Not so long that I actually took on any student loan debt as a bet on this but yeah.)Saros posted:That one was loving awesome. Who doesnt want a whole goddamn petting zoo living in and around their house. Mock threads usually turn out pretty bad after a week or so with the same crew of posters posting regurgitated boring stuff over and over. See also: hundreds of pages of "they called the third xbox the xbox one/look at these sales charts ahaha", "bitcoin: the money is computer", "webcomics mirite", etc. I think the focus, err, relative focus of this thread makes it better than those. Jeffrey of YOSPOS fucked around with this message at 21:24 on Oct 22, 2014 |
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Oct 22, 2014 21:20
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If they could never expand HAMP and HARP to underwater mortgages that are current and not owned by the FMs, I don't see widespread student loan forgiveness going on. Possibly reform for future loans which may require universities to scale back on the ridiculous poo poo they build and top-heavy administrations, but any forgiveness of loans in the past will be rare and essentially for show. I'm stuck in an underwater mortgage that I pay all my bills for so take it with that as the context, but I think there's truth there.
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Oct 22, 2014 21:30
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Krispy Kareem posted:It's really going to be interesting terrible to see how millennials deal with their debt as they reach prime bankruptcy age in their 30's and 40's. Considering a huge chunk of it is student loan debt that they can't discharge. I really don't get millenial thinking when it comes to money. Looking at statistics 25% of millenials have to buy necessities with a credit card and as such are clocking up a lot of debt or being chased by debt collectors. Some other statistics say that about 50% are living within their means (although not much in the way of saving). I'm guessing a lot of their approach to money comes from the environment in terms of work and pay (if they even have a job). Looking at a lot of my younger friends there's only a small proportion that seem to want to work at all. The concept of working full or part time through the entire year to improve your financial situation doesn't seem to register.
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Oct 22, 2014 23:36
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Devian666 posted:I really don't get millenial thinking when it comes to money. Looking at statistics 25% of millenials have to buy necessities with a credit card and as such are clocking up a lot of debt or being chased by debt collectors. Some other statistics say that about 50% are living within their means (although not much in the way of saving). I'm guessing a lot of their approach to money comes from the environment in terms of work and pay (if they even have a job). Looking at a lot of my younger friends there's only a small proportion that seem to want to work at all. The concept of working full or part time through the entire year to improve your financial situation doesn't seem to register. It's probably because they're lazy, not that the job market is hosed
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Oct 23, 2014 00:06
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I don't want to work at all either.
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Oct 23, 2014 00:09
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Jeffrey posted:I don't want to work at all either.
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Oct 23, 2014 00:13
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Devian666 posted:Looking at a lot of my younger friends there's only a small proportion that seem to want to work at all. The concept of working full or part time through the entire year to improve your financial situation doesn't seem to register. Losers have always existed. Sorry you have loser friends.
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Oct 23, 2014 00:22
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I wonder if it has anything to do with all their parents and an educational system that says "go to college so you won't have to work a lovely job!" and then a world that says "you have too much education for this lovely job, but for this non-lovely job, your degree is worthless unless you have experience too"?
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Oct 23, 2014 01:15
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NancyPants posted:I wonder if it has anything to do with all their parents and an educational system that says "go to college so you won't have to work a lovely job!" and then a world that says "you have too much education for this lovely job, but for this non-lovely job, your degree is worthless unless you have experience too"? Edit: Expectation setting was something baby boomers did a crappy job of for their children. Once we realize how life really is, it becomes better. IMO. Also, depending on the person, I'm guessing the '08 crash and recession didn't help people form reasonable life and career expectations. SiGmA_X fucked around with this message at 02:24 on Oct 23, 2014 |
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Oct 23, 2014 02:03
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ohgodwhat posted:Losers have always existed. Sorry you have loser friends. That's a bit harsh and you missed out saying that they are bad with money as well. Willfully not working is being bad with money. SiGmA_X posted:Edit: Expectation setting was something baby boomers did a crappy job of for their children. Once we realize how life really is, it becomes better. IMO. My parents pointed out that life is pretty hard outside of going to school. They suggested that I get a professional career. Which for them was me training to be an accountant. I didn't want to be an accountant but finding a professional career matching my skills and interests has worked out well. I expect a lot of children in my generation were just told go to University so they just did that without much consideration for what they were studying. You're right that the 2008 crash likely set some very lovely expectations. Maybe we need another confidence boosting era like the 80's fueled by cocaine to help the next generation's attitudes? Devian666 fucked around with this message at 02:48 on Oct 23, 2014 |
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Oct 23, 2014 02:42
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Devian666 posted:Willfully not working is being bad with money. Never retire 
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Oct 23, 2014 02:49
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Volmarias posted:Never retire I have trouble not doing work. I'm planning to sell my business about 10 years before legal retirement age. Of course I will just run some business that requires less effort and stress. Note that the last person who retired from our group of companies was 77 as he decided the 2 or 3 days of work was interfering with playing tennis.
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Oct 23, 2014 02:55
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Lol "millennial thinking", seriously gently caress off. That was the most "kids these days!!" post I've seen in a while. I've worked since I was 15, got a college degree and got an okay government job pulling in 40k (enough to pay bills and live modestly in the small Midwest term city I live in) at 26 and that's pretty good, considering what a lot of people in my situation are having to do to get by. Most people I know around my age are in very similar situations. People in their twenties are on average more irresponsible than the general population, absolutely shocking statistics you have, it must be the character of this generation, Twitter, blargh stay off my yard.
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Oct 23, 2014 03:50
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My younger friends are all founders of VC backed startups or working for Goldman Sachs. There's my anecdote to pigeonhole a generation as being composed entirely of workaholic overachievers.
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Oct 23, 2014 04:25
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Inequality is increasing. Millennials are more likely to succeed or fail, and less likely to just get by OK. For the talented, hardworking, and lucky, there are incredible fortunes to be had, while average people tend to be doing worse.
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Oct 23, 2014 04:58
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marchantia posted:Lol "millennial thinking", seriously gently caress off. That was the most "kids these days!!" post I've seen in a while. I've worked since I was 15, got a college degree and got an okay government job pulling in 40k (enough to pay bills and live modestly in the small Midwest term city I live in) at 26 and that's pretty good, considering what a lot of people in my situation are having to do to get by. Most people I know around my age are in very similar situations. “Our youth now love luxury. They have bad manners, contempt for authority; they show disrespect for their elders and love chatter in place of exercise; they no longer rise when elders enter the room; they contradict their parents, chatter before company; gobble up their food and tyrannize their teachers.” -Socrates
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Oct 23, 2014 08:16
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Vox Nihili posted:“Our youth now love luxury. They have bad manners, contempt for authority; they show disrespect for their elders and love chatter in place of exercise; they no longer rise when elders enter the room; they contradict their parents, chatter before company; gobble up their food and tyrannize their teachers.” Yeah, but wasn't that during Athens' decline? So maybe Socrates was actually right in that the youth kind of sucked.
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Oct 23, 2014 14:59
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I'm 24, I make $66,500 per year in a high tech job, and I'm one of maybe 5 people in my social circle that has a halfway decent job and managed to move out of my small Georgia college town. Most of the people I was friends with graduated (or dropped out) and are still jobless, or do some stupid bullshit like making running LARPs a full time job by charging people $50 to play. The problem I see a lot of is that people move away for college, and then once they graduate, are so poor from school that they can't afford to leave. Even when I landed a full time job in Atlanta, it cost me almost $1000 to move (and that was after dumping or giving away 95% of my stuff). Most of that expense was in gas, a deposit for an apartment, first month's rent, utility deposits, and some basic food to last me the three weeks until I got my first lovely paycheck. The money I spent on moving wiped out all of my savings and I was lucky enough to ask my mother to cover the shortfall, which she was able to do. A year and a half after leaving school, I'm moving across the country to take a job that doubled my salary and my college friends are still in Small College Town, Georgia, and still doing nothing with their lives because a lot of them are too broke to leave or lack the motivation to do so.
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Oct 23, 2014 15:15
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HonorableTB posted:I'm 24, I make $66,500 per year in a high tech job, and I'm one of maybe 5 people in my social circle that has a halfway decent job and managed to move out of my small Georgia college town. Most of the people I was friends with graduated (or dropped out) and are still jobless, or do some stupid bullshit like making running LARPs a full time job by charging people $50 to play. The problem I see a lot of is that people move away for college, and then once they graduate, are so poor from school that they can't afford to leave. Even when I landed a full time job in Atlanta, it cost me almost $1000 to move (and that was after dumping or giving away 95% of my stuff). Most of that expense was in gas, a deposit for an apartment, first month's rent, utility deposits, and some basic food to last me the three weeks until I got my first lovely paycheck. The money I spent on moving wiped out all of my savings and I was lucky enough to ask my mother to cover the shortfall, which she was able to do. For what it's worth, a lot of companies are willing to cover the costs of a move if they really want you. You probably could have negotiated for that even if you couldn't have covered it. Obviously that's not every job and it's only for people whose skills are in high demand, but it's how many of my software friends paid for moving.
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Oct 23, 2014 15:17
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HonorableTB posted:and are still jobless, or do some stupid bullshit like making running LARPs a full time job by charging people $50 to play. My buddy does this too and its really sad. He's a smart dude but has no motivation beyond larp as much as possible. He was excited to tell me about a new work opportunity he got which I thought was going to be an adult job. Nope it turned out to he got a job at the grocery store I worked at while I was a teenager so he could quit his current retail job (that makes him work weekends instead of larp). He's even taking a paycut and a reduction in hours for the change all so he can spend more time larping.
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Oct 23, 2014 15:30
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Jeffrey posted:For what it's worth, a lot of companies are willing to cover the costs of a move if they really want you. You probably could have negotiated for that even if you couldn't have covered it. Obviously that's not every job and it's only for people whose skills are in high demand, but it's how many of my software friends paid for moving. I negotiated hard for a relocation package but it wasn't available for that position, so to compensate they increased my first year signing bonus by $10,000 and gave it to me upfront on my first check to help cover the costs. I know it's still my money that's covering the move, but it's a nice gesture that they'd give me a $10,000 increase to the bonus in the first place and the move only ended up costing about $3,500 (for the pod, hiring movers to move poo poo to the pod, storage for the pod, breaking the lease at my current apartment, and gas to make the drive cross-country) so now I can pay off more debt so I guess in the end I still came out on top. Edit: That's for the job I'm starting in a couple of weeks. The job that got me out of my college town was the epitome of poo poo, though. It was great for me getting a foot in the door in the tech field, but that's about all it was good for. I didn't learn anything there beyond SQL and a tiny bit of Java that I could parlay into a job in the more traditional QA Engineering field that I'm in now. I hate software development, I hate writing code, but I love finding defects and writing bug reports. I'm a strange one, I guess, but I'm doing what I love at a company that's world renowned in a city that's highly regarded as a nice place to live, so I guess I should be thanking the insane rear end in a top hat that was my first boss for giving me the entry level opportunity I needed to break into my field. Here's a fun story about people bad with money: the first company I worked at was run by a man (CEO), his wife (CFO), and a mutual friend (CTO). The wife was great with finances, but the CEO was such an egomaniac and all around "bad with money" person when it came to making executive decisions like hiring and acquiring technology that the company nearly missed making payroll several times. By the time I was hired there, the wife and the CTO pooled their money, bought out her husband's majority stake in the company, and relegated him to a figurehead position because he was such a bad businessman. They were great at their jobs, though, and later sold the company to Ernst & Young for a bajillion dollars so I guess the joke's on us. SarutosZero posted:My buddy does this too and its really sad. He's a smart dude but has no motivation beyond larp as much as possible. He was excited to tell me about a new work opportunity he got which I thought was going to be an adult job. Nope it turned out to he got a job at the grocery store I worked at while I was a teenager so he could quit his current retail job (that makes him work weekends instead of larp). He's even taking a paycut and a reduction in hours for the change all so he can spend more time larping. The guy I'm referring to is totally jobless except for his LARP poo poo, is a total rear end in a top hat that excluded his wife from playing, then ended up hooking up with one of his LARP players during a game out in the woods. He's a total shitheel and I can't help but think that the LARPing caused it because he wasn't always that way. HonorableTB fucked around with this message at 15:42 on Oct 23, 2014 |
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Oct 23, 2014 15:36
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At least the larps I was in back in my college days were run by people who had solid jobs and did this as a hobby, and charged enough for the site/insurance/etc. Probably plenty of people bad with money, though, I know some people were like "I can't afford my third larp, I can afford $600 a year but $900 is too much."
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Oct 23, 2014 15:48
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HonorableTB posted:The guy I'm referring to is totally jobless except for his LARP poo poo, is a total rear end in a top hat that excluded his wife from playing, then ended up hooking up with one of his LARP players during a game out in the woods. He's a total shitheel and I can't help but think that the LARPing caused it because he wasn't always that way. The entire attraction of LARP is having random sex in the woods.
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Oct 23, 2014 16:45
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SarutosZero posted:My buddy does this too and its really sad. He's a smart dude but has no motivation beyond larp as much as possible. He was excited to tell me about a new work opportunity he got which I thought was going to be an adult job. Nope it turned out to he got a job at the grocery store I worked at while I was a teenager so he could quit his current retail job (that makes him work weekends instead of larp). He's even taking a paycut and a reduction in hours for the change all so he can spend more time larping. That might be bad with money but it's good with life. Maximize the time you have spending it on things you enjoy doing. He has identified what he enjoys in life and is going out of his way to make sure that he can do it as much as possible. A job is a means to an end and all that poo poo.
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Oct 23, 2014 17:08
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Lightning bolt! Lightning bolt! I'm bad with money. I bought a boat and a truck to haul it in the same weekend.
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