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Kefit posted:I like how he equates billing rate to pay rate. It's like he doesn't even realize that the worker himself makes only a fraction of that. A lot of tradesmen are self employed, so at one point they do have the whole check. Then they have to pay overhead, expenses and so on. And they aren't billing eight hours a day every day.
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Feb 23, 2015 23:51
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Not sure why everyone is hating, MMM seems to be one of the more reasonable frugal life people.
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Feb 24, 2015 01:34
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Foma posted:Not sure why everyone is hating, MMM seems to be one of the more reasonable frugal life people. He says things like 'im don't own a boat, so I SAVE 20,000 a year on mooring costs!' He just fudges numbers. Also he's created moustachiens, who are worse than goons.
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Feb 24, 2015 01:37
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Foma posted:Not sure why everyone is hating, MMM seems to be one of the more reasonable frugal life people. I'm not hating but you really have to take some of his stuff with a whole salt lick.
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Feb 24, 2015 01:40
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opus111 posted:He says things like 'im don't own a boat, so I SAVE 20,000 a year on mooring costs!' He just fudges numbers. Also he's created moustachiens, who are worse than goons. I don't know where he says this but it seems almost guaranteed that you're taking it out of context.
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Feb 24, 2015 01:58
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Foma posted:Not sure why everyone is hating, MMM seems to be one of the more reasonable frugal life people. Because of poo poo like this. Nail Rat posted:I loved this one personally: And this slap me silly posted:Here's the thing that got me pissed off at Master Ministache: http://www.mrmoneymustache.com/2013/07/25/50-jobs-over-50000-without-a-degree-part-1/ He started off OK, but now he's completely out of touch with reality and saying dumb things like the stuff highlighted in these posts.
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Feb 24, 2015 02:02
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The dude is now writing click bait. I'd say that's good with money when your livelihood depends on views.
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Feb 24, 2015 03:19
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Let's not get in a MMM argument derail when there's plenty of good content at reddit:"Advice on using my silver for retirement posted:I'm 48, single, no kids, no house. I've worked in logging and mining all my adult life, made good money, and hoarded silver since about 1984. I was buying 100 oz bars for between $3.50 and $6.00 per oz. all through the 90's. By 2005 I had saved up 93,000 oz of silver and about 85 oz of gold. All bullion, not collectibles or coins. So, I quit working and live off this, cashing it in as I need it. I don't like or trust banks and don't know much about finance. Can the IRS take some from me? I'm not tax delinquent, but have not filed anything since I quit work. When I cash out larger amounts will it be getting attention? I paid taxes on it when I bought it, do I have to be taxed cashing it out too? Whats my best long term options for life lasting 20-30 years? Thanks for any advice. quote:I have it all in 3 places, 2 thirds of it in safes at 2 trusted friends, 1 third of it in a storage facility that I use to live off. I have about 750 100oz bars, and multitudes of 1, 10, 20, 40, and 50 oz bars. It weighs a lot...bought over a 20 year period. I was making about 80,000 per year and bought 40, -$50,000 in silver per year. The 80's and 90's were good in mining and logging, lot's of overtime, lots of cash bonuses. ploots fucked around with this message at 03:42 on Feb 24, 2015 |
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Feb 24, 2015 03:34
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He didn't end up so badly off, unless his friends up and run off with some of his holdings. Gonna be in for some hurt if the economy continues to do well, though. If he'd invested in the S&P 500, he'd probably have at least twice as much. Not a Children fucked around with this message at 03:47 on Feb 24, 2015 |
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Feb 24, 2015 03:45
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There's a loving storage locker with ~30,000 oz of silver in it. That's going to be a hell of a find on storage wars.
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Feb 24, 2015 04:16
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I don't know if I could sleep at night if I had half a million bucks of silver sitting in some crappy storage locker.
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Feb 24, 2015 05:00
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Barry posted:I don't know if I could sleep at night if I had half a million bucks of silver sitting in some crappy storage locker. Let alone someone else place, no matter how good of a friend they are.
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Feb 24, 2015 05:22
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When I was in El Salvador, a friend pointed out a neighbor's house to me. He said the owner earns money illegally and is afraid to deposit all the cash, and so it's sitting in barrels in the guy's garage, about $5 million. Dude just hired people to sit on his stoop with shotguns, day and night. And I thought I was crazy for still using a brick-and-mortar bank.
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Feb 24, 2015 07:14
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I mean, if you're running drugs or something, that probably makes the most sense
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Feb 24, 2015 12:45
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Aliquid posted:When I was in El Salvador, a friend pointed out a neighbor's house to me. He said the owner earns money illegally and is afraid to deposit all the cash, and so it's sitting in barrels in the guy's garage, about $5 million. Dude just hired people to sit on his stoop with shotguns, day and night. 1) how can you make $5 million in a developing country and not figure out some way to launder it 2) if you did decide to keep it all in cash for some ridiculous reason, why would you keep it in the same place, at your own house 3) why the gently caress would you tell anybody, such as your neighbor, the specific amount of money in there Makes no sense at all.
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Feb 24, 2015 13:13
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BEHOLD: MY CAPE posted:1) how can you make $5 million in a developing country and not figure out some way to launder it 4) When will those shotgun guys wise up and take the money themselves?
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Feb 24, 2015 14:14
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turevidar posted:Let's not get in a MMM argument derail when there's plenty of good content at reddit: "I am Ron Swanson. AMAA."
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Feb 24, 2015 14:39
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Bitcoins: at least smarter than using armed guards outside of your garage
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Feb 24, 2015 14:42
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The only true way to launder your illicit money is a porno theater. I guess you could mix buttcoins in if you wanted?
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Feb 24, 2015 14:47
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I like how people are trying to give the $1.5m in silver guy investment advice without questioning his distrust of banks and other financial institutions. I wonder how restrictive you could make your requirements and still get advice on reddit. "Hey I have trillions of Zimbabwean dollars, but the only investments I trust are exotic animals, zinc and bitcoins, how do I diversify?"
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Feb 24, 2015 15:16
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Hashtag Banterzone posted:I like how people are trying to give the $1.5m in silver guy investment advice without questioning his distrust of banks and other financial institutions. I wonder how restrictive you could make your requirements and still get advice on reddit. Zinc?! That's child's play. Now hold on there partner, have you ever heard of evaporative sea salt farms? Because do I have a deal for you. Everyone needs salt to live, and you look like a savvy investor who is ready to move on up in the world.
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Feb 24, 2015 15:24
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Hashtag Banterzone posted:I like how people are trying to give the $1.5m in silver guy investment advice without questioning his distrust of banks and other financial institutions. I wonder how restrictive you could make your requirements and still get advice on reddit. A: "Why diversify away from Bitcoin?"
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Feb 24, 2015 16:09
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Hashtag Banterzone posted:"Hey I have trillions of Zimbabwean dollars, but the only investments I trust are exotic animals, zinc and bitcoins, how do I diversify?" A hundred trillion Zimbabwe dollars wouldn't buy a one-way bus ticket. I have one of those bills, it cost me about five bucks, which is about three times what it was worth. If you can get any ownership share of an exotic animal for that, then that's the way to go. You know. In case you're asking "for a friend".
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Feb 24, 2015 19:19
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pig slut lisa posted:4) When will those shotgun guys wise up and take the money themselves? There are shotgun guys watching the shotgun guys obviously, in this story that makes sense
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Feb 24, 2015 19:35
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This Libertarian Community in Chile is pretty good. People bought plots of land that lacked water rights and weren't actually allowed to be sold. And you can pay in bitcoin! Switchback fucked around with this message at 23:37 on Feb 24, 2015 |
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Feb 24, 2015 22:51
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BEHOLD: MY CAPE posted:1) how can you make $5 million in a developing country and not figure out some way to launder it Alternatively, that guy has armed guards for reasons and is involved in shady poo poo. It is El Salvador after all. There may or may not be millions in gold billions in the freezer, but that's what the neighbours say.
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Feb 24, 2015 23:02
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Bitcoin guy at work is now day trading stocks so he can make money for his baby that's due in the summer because "it couldn't be worse than trading cryptocoins." "You should just open up a Roth IRA instead." "I can't afford that." "Why don't you sell your GoPro that you just bought?" "I need it for my kid." "But you buy a new phone every 6 months that has a pretty good camera in it." "The GoPro is better." "You could sell your brand new pickup, it's $1500 aftermarket sound system and it's $1200 aftermarket navi system." "No I need that to drive my kid around." 
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Feb 24, 2015 23:19
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Switchback posted:This Libertarian Community in Chile is pretty good. drat you. I read the whole article, googled GGC, found their latest missive on their site, read 12 pages of hilarious inept business practices ("well I couldn't get a read on the CEO but he seems like a good guy") all the way through to "We require detailed quarterly income statements, cash flow statements and balance sheets plus all tax returns, bank statements, bitcoin account statements", guffawed out loud, ran back here to post it and you'd edited it into your post already. 
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Feb 24, 2015 23:32
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You can also buy your GCC plot in precious metals.
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Feb 24, 2015 23:39
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Henrik Zetterberg posted:Bitcoin guy at work is now day trading stocks so he can make money for his baby that's due in the summer because "it couldn't be worse than trading cryptocoins." 
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Feb 24, 2015 23:53
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Rudager posted:Because of poo poo like this. Don't forget the posts implying that he considers his philosophy to be THE correct way to live, regardless of what you enjoy or what you can afford for yourself. Seems like every other post has him bragging about how much more badass he is than people who drive cars that are anything more than basically functional, or people whose idea of fun involves any sort of motorized machine, or people who spend money on anything else he wouldn't. And his response to criticism is to creatively redefine such words as "minimalist" and "poor" to make his way of life sound like common-sense financial responsibility: http://www.mrmoneymustache.com/2014/11/23/not-extreme-frugality/
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Feb 25, 2015 01:46
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OneWhoKnows posted:That poor kid That "poor" kid is going to know exactly how to get where she is going and is going to have some bumpin' tunes along the way. Save your sympathy for someone who isn't born with a silver(ado) spoon in her mouth.
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Feb 25, 2015 02:11
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Cockmaster posted:And his response to criticism is to creatively redefine such words as "minimalist" and "poor" to make his way of life sound like common-sense financial responsibility: What's your issue with this post? It seems pretty on-point to me. e: I guess it's weird to me that so many of you look at this blog and think the point is "Do everything the way I do it or you suck" instead of "Hey, here are a bunch of ways I reduce my spending, and the more of them you follow the quicker you'll be financially independent." pig slut lisa fucked around with this message at 02:22 on Feb 25, 2015 |
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Feb 25, 2015 02:17
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pig slut lisa posted:What's your issue with this post? It seems pretty on-point to me. That post is extremely condescending. He doesn't just say "Here is how I reduce my spending". He literally says "If you use a car instead of a bicycle to carry heavy things, you are not a real human".
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Feb 25, 2015 02:26
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Fair enough. It doesn't really hurt my feelings to read that post, especially since it seems like it's coming from an intensely personal place, but obviously it turns some people off and I get that it's not for everyone.
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Feb 25, 2015 02:43
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Fair enough back atcha. Coming from a really personal place, maybe so. I haven't read enough of his stuff to have a sense for that. But I do see some implicit judgment. Whether he's judging his own impulses, or others' actions, I don't know, but I do see it. I have to agree that he has some good points about using money, I just get a vibe of unpleasantness or cluelessness from what parts of his stuff I've actually read.
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Feb 25, 2015 02:50
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http://www.mrmoneymustache.com/2013/12/30/are-you-cleaning-out-your-own-wallet/ posted:Harveywallbanger Ding ding ding
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Feb 25, 2015 02:54
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slap me silly posted:Fair enough back atcha. Coming from a really personal place, maybe so. I haven't read enough of his stuff to have a sense for that. But I do see some implicit judgment. Whether he's judging his own impulses, or others' actions, I don't know, but I do see it. I have to agree that he has some good points about using money, I just get a vibe of unpleasantness or cluelessness from what parts of his stuff I've actually read. He's a multi-millionaire internet marketer who's created a cult following. Needless to say, one should take everything internet marketers say with a pinch of salt. Just because he's telling a story doesn't mean he's telling the whole story. Calling people "Car Clowns" polarizes people, incites emotional responses and rallies the troops. The whole point is that we're talking about him; the people who love him talk about him, and the people who hate him talk about him. Think about your boy Rush Limbaugh. It's because of fuckers like MMM that I feel a pang of guilt whenever I get into my pre-owned 2014 Kia Sorento, because for a moment I feel like I don't deserve to have such a big, nice new car. Well gently caress that. You know what? Driving a newer model car is a pleasurable, worry-free experience compared to driving my lovely mid-90's model beater. You gotta live your life, and in my opinion MMM sets the bar needlessly high for those who take his words as gospel. Anyone who calls themselves a "Mustachian" is bad with money, as well as a tacky loser. imho
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Feb 25, 2015 03:14
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Tech millionaires that don't understand art collecting are bad with money. http://www.nytimes.com/2015/02/22/business/peter-liks-recipe-for-success-sell-prints-print-money.html?_r=0 quote:Nearly every Peter Lik photograph is printed in a “limited edition” of 995; the first print sells at about $4,000, with the price rising as the edition sells out. quote:Early on, Mr. Bernfield and his wife didn’t consider whether they were making a good investment — specifically whether the art would sell well on the secondary market, a realm dominated by auction houses. But as the Bernfields’ inventory grew, it was time for what Mr. Bernfield called a “gut check” about new acquisitions. “We had to ask, hey, is this worth it?” he said. The businessman in him wouldn’t mind what they call in the real estate world “comparables,” a sales history of similar properties. He just has never found any. Reminds me of the baseball card craze.
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Feb 25, 2015 03:30
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I have a brand new honda fit with leather seats and I haven't felt guilty even once 
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Feb 25, 2015 03:36
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