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Coworker told me he received 40,000 dollars from a dead relative and lost it all on a single trade during the .com bubble. Recently he told me he's thinking about getting into day trading again.
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Apr 8, 2015 13:40
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Zool posted:https://www.reddit.com/r/personalfinance/comments/31tbw5/feeling_a_bit_overwhelmed_25_working_and_going_to/ And he's going to a for-profit "university"...
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Apr 8, 2015 13:42
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dietcokefiend posted:If it's a large enough estate where that money is still floating around (not like we sold the house and have money) there might be some reasonable path to resolution. That might imply that the money not cashed made its way down to the other 3 siblings since it never left the parents bank account. The difference though is the stupid tax in this case would be that 30k is lower since it had to pass through estate taxes. That dude should be able to find the check on his States property that needs to be claimed website. Don't all states have these? Sephiroth_IRA posted:Coworker told me he received 40,000 dollars from a dead relative and lost it all on a single trade during the .com bubble.
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Apr 8, 2015 13:43
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No Butt Stuff posted:That dude should be able to find the check on his States property that needs to be claimed website. Don't all states have these? The state never got the money. It was probably a personal check that if never cashed the money never left the bank account. That's probably why the other siblings were asked to throw in, since their estate funds were higher because said moron never cashed the check years ago.
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Apr 8, 2015 14:21
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No Butt Stuff posted:Can't quit while you're down! That's letting the house win. Yeah this is the same guy that can't afford obummercare but probably spends a few hundred bucks a month on lottery tickets.
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Apr 8, 2015 14:31
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dietcokefiend posted:If it's a large enough estate where that money is still floating around (not like we sold the house and have money) there might be some reasonable path to resolution. That might imply that the money not cashed made its way down to the other 3 siblings since it never left the parents bank account. The difference though is the stupid tax in this case would be that 30k is lower since it had to pass through estate taxes. Renegret posted:uh, 250k for a house on a 30 year mortage is 250000 / (30*12) = $694.44/month in mortgages that seems perfectly reasonable to me and I don't see what the problem is. Lol. dietcokefiend posted:The state never got the money. It was probably a personal check that if never cashed the money never left the bank account. That's probably why the other siblings were asked to throw in, since their estate funds were higher because said moron never cashed the check years ago. Correct. It was very comical.
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Apr 8, 2015 15:02
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Being poor is bad with money. I was in small claims court yesterday, as the plantiff, and won against a former friend. Loaned her money (no collateral) and she skipped town before paying it back. I'm bad with money. There was a case before mine, that made me physically uncomfortable to be in the courtroom to watch. This poor girl, maybe 19 or 20 years old, was being sued by a used car dealer. Think of the whole used car salesman stereotype, greasy slicked back balding mullet, hawaiian shirt, jean shorts. He represented a lot that was one of those tote-the-note places that sells the shittiest used cars imaginable to the unsuspecting poor. Their website's main banner says "$500 Down, Drive off Today!". Here's what I remember from the testimony:
The judge asked if she had anything to counter what the dealer and his lawyer said. Her response "after I bought the car, I looked up the KBB value and it was way overpriced. And it was my stereo I had installed, I took it out and left the original one in the trunk". The judge just apologized but said "buyer beware, you should have done that research before". Judgement for the plantiff: $3000 for car, at contracted interest before reposession, 5% interest after reposession, $800 for tow yard to release vehicle, $250 for tow from tow yard to dealer lot, $1500 for repairs, and $900 for attorneys fees. And she doesn't have a car now. JUST MAKING CHILI fucked around with this message at 15:23 on Apr 8, 2015 |
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Apr 8, 2015 15:20
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At least that's a pretty cheap lasting life lesson, all things considered.
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Apr 8, 2015 15:25
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Nail Rat posted:At least that's a pretty cheap lasting life lesson, all things considered. $6500 isn't a cheap life lesson at all when you're poor.
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Apr 8, 2015 15:56
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Apr 8, 2015 16:02
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Inept posted:$6500 isn't a cheap life lesson at all when you're poor. The anecdote doesn't say anything about the girl's monthly income or future career prospects, and it's still way cheaper than a 60k for-profit degree, which plenty of poor people have.
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Apr 8, 2015 16:24
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Nail Rat posted:At least that's a pretty cheap lasting life lesson, all things considered.
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Apr 8, 2015 16:26
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SiGmA_X posted:You actually think she learned anything? she learned that the justice system is actually there only to adjudicate and enforce legal contracts to ensure the continued operation of the capitalist system for the benefit of the bourgeoisie, and has no interest in ethical or moral good imo.
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Apr 8, 2015 16:35
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I was doing some work for a used car dealership and in walks this very pissed off girl and her boyfriend. The girl bought a car from another used dealership 3 months ago and the engine seized up. She just left it on the side of the road and came straight to this dealership. The boyfriend put up $250 cash for 'sign of good faith' or some poo poo, then took a $12,000 loan under his name only for her to get a new car. Her name isn't even on the car. When asked what she planned to do with the other car and the other loan, she said "they can go get the car, I'm done paying them." TL;DR: I doubt the girl like 3 posts above this learned poo poo.
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Apr 8, 2015 16:36
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SiGmA_X posted:You actually think she learned anything? I'd like to hope so, but probably not 
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Apr 8, 2015 16:38
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More scummy used car dealership stories, please. These are good.
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Apr 8, 2015 16:48
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They assessed $1500 to install a stereo? What's the usual rate for a stereo install, like $150?
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Apr 8, 2015 16:54
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Nail Rat posted:At least that's a pretty cheap lasting life lesson, all things considered. Very cheap lesson for a 19 year old who at best makes 30k a year. Oberleutnant posted:she learned that the justice system is actually there only to adjudicate and enforce legal contracts to ensure the continued operation of the capitalist system for the benefit of the bourgeoisie, and has no interest in ethical or moral good imo.
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Apr 8, 2015 16:55
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Zool posted:They assessed $1500 to install a stereo? What's the usual rate for a stereo install, like $150? The car broke down, he didn't say from what, which is probably where most of the (probably incredibly inflated) repair fees came from.
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Apr 8, 2015 17:09
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Yeah I feel bad for her and it sucks that a lot of business boils down to deceiving people who are ignorant for good reasons, like being young. Anyway anyone remember that episode of king of the hill where it turned out hank had been buying cars at sticker price his whole life? Sephiroth_IRA fucked around with this message at 17:27 on Apr 8, 2015 |
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Apr 8, 2015 17:24
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Zool posted:They assessed $1500 to install a stereo? What's the usual rate for a stereo install, like $150? The stereo was in the trunk, so I assume they tacked the cost of reinstalling it in the dash along with whatever caused the breakdown to happen. I didn't hear what the problem was, if they said it.
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Apr 8, 2015 17:26
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Oberleutnant posted:she learned that the justice system is actually there only to adjudicate and enforce legal contracts to ensure the continued operation of the capitalist system for the benefit of the bourgeoisie, and has no interest in ethical or moral good imo. haha
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Apr 8, 2015 17:31
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I knew a girl in college who had an apartment 12 month lease through the end of the summer, but she didn't stay in town for the summer. She moved out in May and didn't pay June-August rent, assuming that because she didn't live there that it would be ok. That girl is now a woman, and that woman is my wife. I hope the poor girl in small claims learned the same lesson my wife did - just because you're done with a car or apartment doesn't mean you can stop paying for it, even if it seems unfair to you. You signed the contract, you gotta pay for it!
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Apr 8, 2015 17:35
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http://www.youredm.com/2015/04/08/watch-diplo-2-chainz-drink-the-most-expensive-water-in-the-world/quote:We’ve heard of expensive taste, but this is just next level. GQ Magazine recently invited 2 Chainz and Diplo out to taste test some of the most expensive water in the entire world.
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Apr 8, 2015 19:01
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When you even get a rapper to endorse your lovely expensive product, it may be time to hang em up.
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Apr 8, 2015 19:48
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A good friend of mine is also, unfortunately for her pocketbook, a horse person. For a while she had an older horse at a cut-rate barn, did some work around there to defray the costs even further, and all was pretty good with the world. But she really wanted a good horse, so she upgraded. Then she decided her upgraded horse needed an upgraded way of life. She pays more than 1k a month now to board her horse, which is not an insignificant portion of her income. And that's not all it costs to keep up a horse; they need chiropractors, farriers, get vet visits, etc. She had to get a second job to help cover the costs, and has to worry that they'll give her enough hours to keep up with the bills. She loving loves horses, but I'm pretty sure I look both horrified and fascinated whenever she talks about how much she's spending. Horses are bad with money.
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Apr 8, 2015 20:25
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Tales Of Desire posted:Horses are bad with money. Unless you're producing store brand frozen lasagne.
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Apr 8, 2015 20:40
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Tales Of Desire posted:A good friend of mine is also, unfortunately for her pocketbook, a horse person. For a while she had an older horse at a cut-rate barn, did some work around there to defray the costs even further, and all was pretty good with the world. But she really wanted a good horse, so she upgraded. Then she decided her upgraded horse needed an upgraded way of life. She pays more than 1k a month now to board her horse, which is not an insignificant portion of her income. And that's not all it costs to keep up a horse; they need chiropractors, farriers, get vet visits, etc. She had to get a second job to help cover the costs, and has to worry that they'll give her enough hours to keep up with the bills. She loving loves horses, but I'm pretty sure I look both horrified and fascinated whenever she talks about how much she's spending. Horses are bad with money. Down near my daughter's middle school are multiple horse owners. Sometimes they ride them on the sidewalk. So I explained to my daughter that there are different types of wealth. There's House-Rich, Car-Rich, and then there's Horse-Rich. We do pretty good, but let's not kid ourselves. We'll never be Horse-Rich.
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Apr 8, 2015 20:44
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Tales Of Desire posted:A good friend of mine is also, unfortunately for her pocketbook, a horse person. For a while she had an older horse at a cut-rate barn, did some work around there to defray the costs even further, and all was pretty good with the world. But she really wanted a good horse, so she upgraded. Then she decided her upgraded horse needed an upgraded way of life. She pays more than 1k a month now to board her horse, which is not an insignificant portion of her income. And that's not all it costs to keep up a horse; they need chiropractors, farriers, get vet visits, etc. She had to get a second job to help cover the costs, and has to worry that they'll give her enough hours to keep up with the bills. She loving loves horses, but I'm pretty sure I look both horrified and fascinated whenever she talks about how much she's spending. Horses are bad with money. My wife just bought a horse. I thought when she said upkeep would be "like a car payment" she was kidding.
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Apr 8, 2015 20:45
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I don't think it is wise to own a pet that costs more to maintain than yourself, but that's just me.
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Apr 8, 2015 20:48
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100 HOGS AGREE posted:I don't think it is wise to own a pet that costs more to maintain than yourself, but that's just me. Agreed. Plus people who are really into horses always rub me the wrong way; they seem to be wired differently than "regular" non-horse loving people.
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Apr 8, 2015 20:50
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Krispy Kareem posted:Down near my daughter's middle school are multiple horse owners. Sometimes they ride them on the sidewalk. I was 2 cars behind a van going 40mph, a horse on the sidewalk got spooked, jumped out in front of the van, and the van ended up on top of the horse. The 8 year old girl on top of the horse managed to fall on the far side of the horse so the horses corpse was preventing the little girl from being crushed. Owning a horse and riding it in town is bad with life. Edit: And I just went looking for the police report and can't loving find it. It was unreal, and I'm not proud to say I was panicky. Managed to get the girl out from under the van with the other two riding retards that didn't get hit. Double edit: Found it. Girl was apparently 15. Was my wife that small when she was 15? Spermy Smurf fucked around with this message at 20:53 on Apr 8, 2015 |
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Apr 8, 2015 20:50
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DoubleT2172 posted:Agreed. Plus people who are really into horses always rub me the wrong way; they seem to be wired differently than "regular" non-horse loving people. "I love horses" is a huge red flag for me in the dating world.
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Apr 8, 2015 20:52
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Krispy Kareem posted:Down near my daughter's middle school are multiple horse owners. Sometimes they ride them on the sidewalk. So I explained to my daughter that there are different types of wealth. There's House-Rich, Car-Rich, and then there's Horse-Rich. We do pretty good, but let's not kid ourselves. We'll never be Horse-Rich. See, this is what I always thought. But apparently if you're willing to be Everything-Else-Poor, you too can be Horse-Rich.
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Apr 8, 2015 20:54
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Please defer to Ruddha's wisdom on horses if you are considering riding, owning, or being near oneRuddha posted:I don't know about anyone else, but I know for a fact that horses are stupider than poo poo and WILL kill themselves if you don't take an absurd amount of precautions and adorn them in the right silly accessories so that they don't scare themselves and fall over dead, and even then at best you can reduce the chances that they will do that, but they're still absolutely going to. Women who are obsessed with horses are just as bad as ones who are obsessed with anything else, but it may be dumber because it's a placeholder for animalistic male sexuality; however, in reality, it doesn't hold up because dominant male sexual energy is incompatible with horse personality and tendencies because, again, they're absolutely going to kill themselves by accident, whereas studs and straight power tops are highly unlikely to catch their reflection in a mirror then break their leg and get eaten by a mountain lioness Ruddha posted:Babies grow up and that's okay, it's like, sometimes a great meal is worth a lot of prep, for example. Horses only get more likely to die from a stupid reason as they get older. Oh poor ol' Freckles, thought of ants and died Ruddha posted:Of course, if you don't nail little metal rings onto them, they'll split open, and then they'll die. Ruddha posted:That's understandable, but in the scheme of things it's a fairly low chance. With horses, there is no such thing as a natural death at any point in existence: they've strictly only died from stupid poo poo. Saw water and passed away
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Apr 8, 2015 20:55
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Krispy Kareem posted:Down near my daughter's middle school are multiple horse owners. Sometimes they ride them on the sidewalk. So I explained to my daughter that there are different types of wealth. There's House-Rich, Car-Rich, and then there's Horse-Rich. We do pretty good, but let's not kid ourselves. We'll never be Horse-Rich. Owning a horse is something you have to do in a partnership, if I were paying for all of my pony's stuff myself, I'd be broke in about a year.
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Apr 8, 2015 21:01
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Not to detract from horse chat (I'm always curious about this; my old boss said all the rich women in LA including his ex wife loved expensive horses), but just found thisquote:After receiving my statement showing what I was being charged for I saw an additional fee for around $800 for each of my vehicles. I found out that they had me singed up for GAP and Life insurance. The problem is I wasn't aware I signed up for this nor did I want this coverage. Be careful signing loan contracts jeez.
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Apr 8, 2015 21:02
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I know a girl who rode horses as an adult and wasn't crazy at all. Hardly ever talked about it. Just wanted to throw that out there, lest anyone think all of them are crazy. Afaik she still owns one and is still normal. I knew another horse riding girl too (but didn't know her as well), but she didn't seem crazy either, from the few times I was around her. Also never really talked about it.
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Apr 8, 2015 21:04
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Not a Children posted:Please defer to Ruddha's wisdom on horses if you are considering riding, owning, or being near one lol I love that dude.
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Apr 8, 2015 21:07
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This woman is the only horse owner who was good with (everyone else's in the community for 20 years) money. http://en.wikipedia.org/wiki/Rita_Crundwell quote:Crundwell's Quarter Horse operation, RC Quarter Horses, was one of the best-known Quarter Horse breeders in the country; her horses won 52 world championships and she was named the leading owner by the American Quarter Horse Association for eight consecutive years prior to her arrest.[1][5][6]
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Apr 8, 2015 21:10
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