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I bought a $4k 4x4 Jeep Cherokee off Craigslist 3 years ago and don't regret it. Probably one of my better vehicle purchases.
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Apr 15, 2015 04:55
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Blinkman987 posted:BFC meets AI here-- what's a reasonable non-truck 4x4 vehicle that can do some off-road? My girlfriend got her semi-yearly bonus and would like to buy a new vehicle. Yay tech! We do camping/hiking and she was digging Jeep Wrangler. She talked about leasing one since she didn't think she'd want it more than 3 years, and I gave her enough information on why leasing (especially that vehicle) is bad. So, now she's looking at buying a used one since we'd just beat up the paint job and maybe a bumper. It's her money. She can buy whatever she likes, but I'd at least like to relay some good information if there's some available. Get a Subaru. The Forester/Outback/XV Crosstek are all nice cars that can go places you probably shouldn't go in a car. They have pretty good clearance for a non-truck as well. My parents are going on 15 years in their Outback, I got 9 years out of a Outback sedan that ran great until I traded it in for my current car. Just be prepared to buy a lot flannel to fit in. I'd love to buy a used Tacoma for truck stuff and winter beater, but apparently so does everyone else.
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Apr 15, 2015 05:14
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MAKE NO BABBYS posted:That man must be a very poor bartender if that is what his financial stats are at currently.... Also, sure, you can make "triple that" in Vegas if you are either at the top of our industry (safe to assume no,) highly certified in wine and become Somm for a massive casino or have the body of a Chippendales dancer/high end stripper with 5+ years of experience at incredibly high volume and don't mind going deaf from huge raves. That dude won't cut it. I know a guy who is lead sommelier for a major strip property. He's a regular at one of the joints I go to for karaoke. He drops a grand per week in that bar, easy, and it doesn't seem to be stressing his finances, any. I think he's that guy way down at the end of the bell curve when you're looking at payscale.com. There are plenty of places in this town where a bartender can make bank, but there are also about six billion bartenders here. If he's mediocre in Podunk, he's going to be mediocre in Vegas. I wonder sometimes if it's just desperation that drives people to think like that. "I'm drowning in debt, and going nowhere in life. I have no hope, so I have to believe that the answer is to just pack up and go somewhere else."
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Apr 15, 2015 08:40
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Centripetal Horse posted:I know a guy who is lead sommelier for a major strip property. He's a regular at one of the joints I go to for karaoke. He drops a grand per week in that bar, easy, and it doesn't seem to be stressing his finances, any. I think he's that guy way down at the end of the bell curve when you're looking at payscale.com. There are plenty of places in this town where a bartender can make bank, but there are also about six billion bartenders here. If he's mediocre in Podunk, he's going to be mediocre in Vegas. I wonder sometimes if it's just desperation that drives people to think like that. "I'm drowning in debt, and going nowhere in life. I have no hope, so I have to believe that the answer is to just pack up and go somewhere else." Ain't that the american dream? Go west cause your farm sucks to make a better life on the frontier.
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Apr 15, 2015 09:03
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Hey Bad With Money thread, looking for a new trough to feed from? Congress has you covered! If you read the associated stories, it's almost too tragic for a schadenfreude thread. U.S. House OKs cutting safeguards for mobile-home buyers
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Apr 15, 2015 11:32
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MrKatharsis posted:Hey Bad With Money thread, looking for a new trough to feed from? Congress has you covered! If you read the associated stories, it's almost too tragic for a schadenfreude thread. I love that they act like they are somehow helping the poor by getting them bad loans. That last line/paragraph sums it up nicely. Mobile homes do serve a purpose for giving a population decent housing, but they get all the negatives of home ownership (taxes, maintenance, etc) and none of the benefits. Adding predatory loans on top of that is just awful.
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Apr 15, 2015 13:11
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Centripetal Horse posted:I know a guy who is lead sommelier for a major strip property. He's a regular at one of the joints I go to for karaoke. He drops a grand per week in that bar, easy, and it doesn't seem to be stressing his finances, any. I think he's that guy way down at the end of the bell curve when you're looking at payscale.com. There are plenty of places in this town where a bartender can make bank, but there are also about six billion bartenders here. If he's mediocre in Podunk, he's going to be mediocre in Vegas. I wonder sometimes if it's just desperation that drives people to think like that. "I'm drowning in debt, and going nowhere in life. I have no hope, so I have to believe that the answer is to just pack up and go somewhere else." Vegas tends to attract that type of person. Losers who can't make it anywhere else seem to wind up there after they've tried everything else.
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Apr 15, 2015 13:41
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Radbot posted:People say financial literacy is bad in this country, but is there data that actual compares financial literacy from country to country? The USA makes financial literacy much more important than most countries. In the UK you can basically bumble along financially. Taxes come directly out of your paycheck (no paperwork on your part.) Higher education is not as heart-stoppingly expensive. Medical care is free. If you understand mortgages, credit cards, and how to avoid payday loans you are basically OK. There are less pitfalls.
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Apr 15, 2015 13:53
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BarbarianElephant posted:The USA makes financial literacy much more important than most countries. In the UK you can basically bumble along financially. Taxes come directly out of your paycheck (no paperwork on your part.) Higher education is not as heart-stoppingly expensive. Medical care is free. If you understand mortgages, credit cards, and how to avoid payday loans you are basically OK. There are less pitfalls. Aren't overdraft fees illegal as well?
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Apr 15, 2015 14:09
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subx posted:I love that they act like they are somehow helping the poor by getting them bad loans. That last line/paragraph sums it up nicely. Lots of money to be made from financial lobbyists filling your campaign coffers. It's infinitely distressing to me that corruption is not only legal in this country, but that it is rubbed in our faces every day. They piss on our heads and call it rain, but only because the raincoat lobby told them to.
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Apr 15, 2015 15:17
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BarbarianElephant posted:The USA makes financial literacy much more important than most countries. In the UK you can basically bumble along financially. Taxes come directly out of your paycheck (no paperwork on your part.) Higher education is not as heart-stoppingly expensive. Medical care is free. If you understand mortgages, credit cards, and how to avoid payday loans you are basically OK. There are less pitfalls. Things in the US are indeed more treacherous, nefarious, sinister. Probably explicit vs implied class systems and the cost of empire something something.
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Apr 15, 2015 17:04
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LeeMajors posted:Lots of money to be made from financial lobbyists filling your campaign coffers. The purpose of Government is to help the people. If they are only helping themselves then it looks a lot like a feudalism. Where the banks grant access to your home or your mobile home.
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Apr 15, 2015 19:47
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Seamonster posted:Things in the US are indeed more treacherous, nefarious, sinister. Probably explicit vs implied class systems and the cost of empire something something. I blame our system of publicly traded companies. Take that mobile home builder, Clayton Homes. They're doing reasonably well without gutting consumer protections. They lend money to high-risk, low-income individuals and make a profit doing it. But barring a slew of tornadoes, it's not like mobile homes are a growth industry. Removing those consumer protections doesn't mean all or even most of Clayton's customers will pay more for their homes because they is still competition. But the people who do pay more will ensure next year's profits are better than last year's and keep their stock high (or in this case Berkshire Hathaway's). I can't blame a company for trying to maximize it's profits. It's just disappointing that Republicans are so anxious to screw people who probably overwhelmingly identify with the party of God and Guns, even if they don't actually vote. It's not like they even waited around. 3 months into controlling Congress? Fix immigration? Nope. Fix healthcare? Nope. But let's get rid of those onerous mobile home protections crippling our nation.
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Apr 15, 2015 20:08
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Droo posted:This might seem true, but in reality a ton of necessities are much more expensive than they used to be. Adjusted for inflation: This is exactly the kind of information I love to wave in the face of my stupid "bootstrap yerself" step-father. Can you link your citations for these numbers?
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Apr 15, 2015 20:12
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The Mandingo posted:This is exactly the kind of information I love to wave in the face of my stupid "bootstrap yerself" step-father. Can you link your citations for these numbers? This sort of stuff is what gets discussed when I visit my mother and her bf. They are baby boomers and they say they started with nothing. I point out that I started with less than nothing with student loans. They left school at 14 and 15 to get jobs and I had to get a masters degree to qualify for a decent job with equivalent pay. The thing they did get right is being frugal and paying off mortgages early.
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Apr 15, 2015 20:30
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The Mandingo posted:This is exactly the kind of information I love to wave in the face of my stupid "bootstrap yerself" step-father. Can you link your citations for these numbers? Sure. Housing prices: eyeballed the chart here: http://www.jparsons.net/housingbubble/, or find the little table here http://en.wikipedia.org/wiki/Case%E2%80%93Shiller_index Payroll tax information: http://www.taxpolicycenter.org/taxfacts/Content/PDF/ssrate_historical.pdf. I manually adjusted the maximum taxable earnings for the 1975 value using a CPI-inflation calculator to come up with the $64,516 number. College education data: http://trends.collegeboard.org/college-pricing/figures-tables/tuition-fees-room-board-time-1974-75-2014-15-selected-years Health care costs: http://www.cbo.gov/sites/default/files/01-31-healthtestimony.pdf
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Apr 15, 2015 20:35
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Krispy Kareem posted:I can't blame a company for trying to maximize it's profits. I can. It's to the detriment of the citizens and the culture. Corporations get to be wholly self-interested whereas people are generally held to different standards-- that idea has to stop. The businesses that are around us are just as much a part of "us" as any other structure we build as a society. On this topic, my Facebook feed is full of people earning $8 an hour complaining about "McDonalds employees" asking for $15/hr. Guys, it's never going to get better. The conversation will never get better. r/personalfinance isn't full of all the tragic, panicked posts about taxes I assumed would be there today. Is there another subreddit I should be lurking in?
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Apr 15, 2015 20:41
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Krispy Kareem posted:I blame our system of publicly traded companies. Take that mobile home builder, Clayton Homes. They're doing reasonably well without gutting consumer protections. They lend money to high-risk, low-income individuals and make a profit doing it. But barring a slew of tornadoes, it's not like mobile homes are a growth industry. Removing those consumer protections doesn't mean all or even most of Clayton's customers will pay more for their homes because they is still competition. But the people who do pay more will ensure next year's profits are better than last year's and keep their stock high (or in this case Berkshire Hathaway's). Generally I agree that a less regulated market is better, but I am OK with consumer protections that try and make opaque situations more clear. In this case, the customers (who are mostly poor and uneducated) have no idea that the company selling them the mobile home is also providing the mortgage, so salesmen have full incentive to rip them off. It's just scammy, and if they really felt that what they were doing was OK then shining some light shouldn't be a big deal.
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Apr 15, 2015 20:43
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Blinkman987 posted:On this topic, my Facebook feed is full of people earning $8 an hour complaining about "McDonalds employees" asking for $15/hr. Guys, it's never going to get better. The conversation will never get better. I work 911 EMS, and someone posted a macro on Twitter about McDonalds employees wanting 15$ to flip burgers while medics make 9$ an hour to save your life.  How about instead of calling them selfish assholes, you should consider why exactly we are so criminally underpaid. For the record I don't know a single medic that makes 9$/hr.
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Apr 15, 2015 20:45
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http://www.cnbc.com/id/102581574?__source=msn|money|headline|story|&par=msnquote:Baby boomers' confidence in a good retirement is plummeting, according to a survey released Monday.
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Apr 15, 2015 20:57
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Blinkman987 posted:On this topic, my Facebook feed is full of people earning $8 an hour complaining about "McDonalds employees" asking for $15/hr. Guys, it's never going to get better. The conversation will never get better. The most painful thing about observing the whole minimum wage debate is watching the working poor fight amongst themselves over a couple of bucks an hour, as if it is the most important and worth-defining thing in the world. It breaks my heart when someone makes a comment like "I worked HARD over many years to get paid $15/hour and now I'm back to minimum wage! Those people don't deserve it! gently caress the poor(er than me)!" If you work so hard and have so much valuable experience, you should ask yourself why you're getting so underpaid, not trying to keep those even more unfortunate than yourself down. They're fighting for table scraps amongst themselves rather than seeing how they're all getting hosed sideways. Guinness fucked around with this message at 21:02 on Apr 15, 2015 |
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Apr 15, 2015 20:59
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Knyteguy posted:http://www.cnbc.com/id/102581574?__source=msn|money|headline|story|&par=msn I think that now I understand why people complain about welfare recipients the way they do. My first thought upon reading this was "those drat Boomers are probably gonna raise MY taxes to pay for THEIR mistakes" and then came the realization that I'm not as good a person as I hoped I was. I mean, yeah, there are probably some super irresponsible people in there, but they're also lumped in with the people who never had the education or means to save...
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Apr 15, 2015 21:29
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MAKE NO BABBYS posted:That man must be a very poor bartender if that is what his financial stats are at currently.... Also, sure, you can make "triple that" in Vegas if you are either at the top of our industry (safe to assume no,) highly certified in wine and become Somm for a massive casino or have the body of a Chippendales dancer/high end stripper with 5+ years of experience at incredibly high volume and don't mind going deaf from huge raves. That dude won't cut it. Uh actually he's a superstar: quote:I could easily transfer the $1800 and drive down to Vegas and get a bartending gig in the big leagues where I belong. However, I'd burn up that $1800 in the first month from getting a place, and using it on needed expenses. It would be about a month until I landed a job and had some cash kicking back in as well. And yes, for a restaurant pro like myself I know exactly where the business is headed. And when I leave, it hurts it even worse since people are only coming in for my amazing cocktails. Once I'm gone, it's even more severely crippled.
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Apr 15, 2015 21:33
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Bad With Money: The Big Leagues, Where I Belong.
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Apr 15, 2015 21:51
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East Bound and Down: Las Vegas
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Apr 15, 2015 22:15
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Nail Rat posted:Bad With Money: The Big Leagues, Where I Belong. What ever happened to Frugality and Financial Independence in Las Vegas?
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Apr 15, 2015 22:38
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Not a Children posted:I think that now I understand why people complain about welfare recipients the way they do. My first thought upon reading this was "those drat Boomers are probably gonna raise MY taxes to pay for THEIR mistakes" and then came the realization that I'm not as good a person as I hoped I was.
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Apr 15, 2015 23:11
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triplexpac posted:Uh actually he's a superstar: I cringed reading that because I have had to work with a million idiots just like that and fired many of them. I really loathe the insane egos my industry tends to attract/breed/both.
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Apr 16, 2015 00:46
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Uranium 235 posted:Okay, I figured it out. He wanted to get a $40,000 2015 Jeep Grand Cherokee Laredo. After our 'intervention' he called the dealership again, and now he's going to look at a 2012 Grand Cherokee that has sun roof, heated leather seats, navigation, reverse camera, etc. It's only $24,000 so it's more "affordable". I'm sorry but how the gently caress is a $40,000 car $660/mo lease? I have a BMW 328 with a msrp of $48000 and my payment isn't even $450/mo. My brain hurts with how bad with money you have to be to get that lovely of a payment.
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Apr 16, 2015 02:05
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flyboi posted:I'm sorry but how the gently caress is a $40,000 car $660/mo lease? I have a BMW 328 with a msrp of $48000 and my payment isn't even $450/mo. My brain hurts with how bad with money you have to be to get that lovely of a payment.
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Apr 16, 2015 02:31
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Dik Hz posted:I'm not sure leasing a $50,000 car gives you room to talk poo poo about anyone else in this thread. It doesn't but I can't wrap my head around that payment. I am more than ok with my cost and have no debt at all and manage my income fine but how is $660 even possible? If I couldn't afford it I wouldn't have my car.
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Apr 16, 2015 02:55
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If you have no debt, who is cashing your car payment checks? I'd have a word with them.
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Apr 16, 2015 03:12
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I just read this entire thread. Every time someone mentions student loans into the six figures I start having vicarious panic attacks. What have you done to me BFC?
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Apr 16, 2015 03:38
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Aliquid posted:If you have no debt, who is cashing your car payment checks? I'd have a word with them. The leasing agency? I don't consider myself to have debt to my landlord, maybe that's unreasonable.
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Apr 16, 2015 03:39
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Sepherothic posted:I just read this entire thread.
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Apr 16, 2015 03:44
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Aliquid posted:If you have no debt, who is cashing your car payment checks? I'd have a word with them. I could pay for the car flat out if I wanted right now so debt is subjective. Yes it's a payment and considered a loan but the difference is it's manageable.
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Apr 16, 2015 04:08
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flyboi posted:I could pay for the car flat out if I wanted right now so debt is subjective. Yes it's a payment and considered a loan but the difference is it's manageable. It's a debt, but it's not a "real" debt, gotcha. Also debt is anything but subjective.
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Apr 16, 2015 04:10
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flyboi posted:I could pay for the car flat out if I wanted right now so debt is subjective. Yes it's a payment and considered a loan but the difference is it's manageable. That's fine and all, if you enjoy the car that much so be it, but if you have a car payment or a mortgage, that's typically considered debt. The only obligations that aren't usually considered debt are taxes, utilities, and insurance.
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Apr 16, 2015 04:13
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That's fine and all totally understand but what I was getting at is how is a car that's less in value that much more for a lease?
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Apr 16, 2015 04:38
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flyboi posted:That's fine and all totally understand but what I was getting at is how is a car that's less in value that much more for a lease? Higher interest, lower residual, less down payment
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Apr 16, 2015 04:44
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