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Spermy Smurf posted:I have no idea what this post means. I can't be alone. Three separate incidents of internet posts having actual financial impacts. http://www.nytimes.com/2015/02/15/magazine/how-one-stupid-tweet-ruined-justine-saccos-life.html?_r=0 http://en.wikipedia.org/wiki/Anthony_Weiner_sexting_scandals http://www.usatoday.com/story/money/2015/03/29/adam-smith-chick-fil-a-video-memoir/70629290/ I knew the guy who berated the Chick Fil A employee. He was a guest lecturer at the university I attended, and I had dinner with him once. Then a year later, he creates video evidence that he is a bully and is fired from everything (a 7 figure CFO job and his university side gig). 3 years later, he's still unemployable and on food stamps. He was simultaneously bad with being a kind person, bad with money, and bad with internet. Krispy Kareem posted:My wife does very well in marketing, but with a business degree. In undergrad, the two "easy" business majors were Marketing and Management. There were plenty of bright, high achievers in those majors. But the rest of the major was filled out with the kind of student who barely made it into business school, because no way they were going to choose to major in finance/econ/MIS.
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Apr 16, 2015 18:30
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LeeMajors posted:I know people have different tastes and whatnot... A friend of the family died last year and in the estate sale, my parents picked up a 2013 LaCrosse for $16,000. I still didn't support the decision.
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Apr 16, 2015 18:39
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canyoneer posted:Three separate incidents of internet posts having actual financial impacts. That makes so much more sense than what I was trying to piece together in my head. Thanks for the links.
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Apr 16, 2015 18:42
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canyoneer posted:I knew the guy who berated the Chick Fil A employee. He was a guest lecturer at the university I attended, and I had dinner with him once. Thanks for explaining what I probably should have. And holy crap, that guy aged fast. And LOL at a guy named Adam Smith not being able to get a job in finance. Then:  Now:  Still has good hair, though. Aliquid posted:A friend of the family died last year and in the estate sale, my parents picked up a 2013 LaCrosse for $16,000. I still didn't support the decision. I hate Buicks. Brand new 40k car and it doesn't even have push-button start because technology scares their typical demographic.
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Apr 16, 2015 18:47
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Krispy Kareem posted:I hate Buicks. Brand new 40k car and it doesn't even have push-button start because technology scares their typical demographic. It drives me nuts that the commercials have all the people that CAN'T BELIEVE IT IS A BUICK, but it literally looks like all the old Buicks with bigger headlights, LED mascara and a huge fuckoff Buick emblem in the center of the grill.
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Apr 16, 2015 18:53
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My turn. My mom and cousins are planning on going to Tanzania on a safari and are pressuring me to go with them to. I've been on a few touristy jungle safaris in India & the Andaman Islands while visiting said cousins before, but my parents paid for things way back then. The total cost of the trip for me would probably be 1.5-2x what I was looking to spend on travel this year and next year combined, barring any big life changes. I had only planned to visit my brother on the coast and do a cheap camping/Vegas/beach trip otherwise. It would require spending down 2-3 months of my 9 month emergency fund / savings account, or selling less than 10% of taxable investment accounts (really wish I'd contributed more to Roth in past years instead), so it's not a crushing blow. It just was very unplanned, and being a BFC regular now has made me more miserly. On the other hand, I dunno when I'll be likely to ever visit Africa otherwise, and it works be nice to go with family. WSYBFC?
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Apr 16, 2015 19:16
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High Lord Elbow posted:I'm 6'5". I commute to an office job in an F-150 and happily burn fuel at 14mpg. Sometimes it's less about "bad with money" and more about "good with legroom." I'm 6'5" and had to move the seat forward in my Prius. 
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Apr 16, 2015 19:37
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Do you actually really want to go on a safari with your family? Would you want that more than just taking the money and buying a bunch of cool toys or other vacations with it? If not, I don't see the point because it sounds like a waste.
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Apr 16, 2015 19:50
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If you don't take it and go to Africa now, you won't ever end up going. At least I didn't... yet. If I were single or at least no kids I'd go in a heartbeat.
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Apr 16, 2015 19:53
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SpelledBackwards posted:My turn. My mom and cousins are planning on going to Tanzania on a safari and are pressuring me to go with them to. I've been on a few touristy jungle safaris in India & the Andaman Islands while visiting said cousins before, but my parents paid for things way back then. Sadly, you missed a chance to rack up 100k frequent flier miles in less than 2 months through a promotion. That would've probably gotten you there round trip with some miles to spare. If you have a reasonable credit rating, you could get one of the airline branded cards or something like Chase Sapphire Preferred for the sign-up bonus and have some of the flight subsidized, then maybe sign up for another travel card that further helps you pay for the trip. Of course, this assumes that you can use a CC responsibly and maintain your miserly ways. If you want help with this, head here: http://forums.somethingawful.com/showthread.php?threadid=3679537 That said, some people are comfortable traveling by themselves. I went to South Africa for two weeks for under $1.5K total because I subsidized it with points and that country only required the cheap immunizations. I really enjoyed myself and would recommend it to everyone. Tanzania is on my list of places to visit (I assume you're doing Great Migration/safari). I also think you could really go at any time so long as you're comfortable by yourself. If you would need to go with others, you could still go with a future significant other or spouse. I agree with Horking Delight-- if you love your family and their company, you should probably go. If you don't, don't go. Countries go through turmoil and strife, but over a long timeline basically every place will "always be there." You don't have to plow under the financial seeds you've planted due to family pressures. Spending 3 months of your 9 month emergency fun is PROBABLY ok, but if you don't want to do it you shouldn't do it. Africa will always, always be there. And don't sell your taxable investment accounts.
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Apr 16, 2015 20:15
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SpelledBackwards posted:My turn. My mom and cousins are planning on going to Tanzania on a safari and are pressuring me to go with them to. I've been on a few touristy jungle safaris in India & the Andaman Islands while visiting said cousins before, but my parents paid for things way back then. If they can comfortably afford it then a life experience like that isn't (on the surface) bad with money. If you're dipping into your emergency fund and selling investments to do it, that's borderline.
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Apr 16, 2015 20:50
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Well he said he'd still have a 6 month emergency fund after taking all of it from his emergency fund, and it's either use "2-3" of 9 months of emergency fund or 10% of taxable investments, not both. This tells me he's got healthy retirement accounts, plus well over 50k in taxable investments, plus a six month emergency fund after paying for this trip. I'd say he can comfortably afford it, but it's all about does he want to spend that much money to hang out with his mom and cousins. I wouldn't.
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Apr 16, 2015 21:02
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He got Jammed 
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Apr 16, 2015 23:12
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How much are we talking about for the safari, anyway? I smell a ripoff travel booking company. I planned a backpacking trip out and with airfare, two months up Africa's east coast was going to cost me around $4000, which doesn't seem so bad for a once-in-a-lifetime thing. A trip I actually took to Central America ended up costing me about $6000 for six months.
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Apr 16, 2015 23:36
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SiGmA_X posted:You can't afford it. That's why you leased it. You'd have paid for it otherwise. I could go buy a 2015 M4 today if I wanted to.. But I'm unwilling to part with 70(-90)k and as such, I can't afford it. That's kind of dumb logic. There's a lot of good with money reasons to lease.
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Apr 17, 2015 01:35
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Aw poo poo here we go.
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Apr 17, 2015 01:43
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LeeMajors posted:I know people have different tastes and whatnot... I have never been sadder when renting a car then the time I ended up with a Buick. It was one of their geezer glider models and it was just a bummer to drive. What made it worse is that I had to walk past an entire row of Mustangs and fun cars another rental company had.
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Apr 17, 2015 01:52
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Aliquid posted:How much are we talking about for the safari, anyway? I smell a ripoff travel booking company. African safaris are pretty expensive. It's a whole other thing than backpacking.
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Apr 17, 2015 03:20
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I happened to have a client send me their safari bill because I was helping them wire funds to the bank the foreign safari company was using. It was easily like $14K just for the down payment, maybe $35K for the trip. To be fair, the itinerary was for the entire family and they were traveling all over the place, at least five hotels listed on it.
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Apr 17, 2015 03:38
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Krispy Kareem posted:I hate Buicks. Brand new 40k car and it doesn't even have push-button start because technology scares their typical demographic. Even when they do have it, it's poorly thought out. A rental car agency gave me a Buick Verano with key-in-pocket push-button start and entry, but they neglected to put a push button on the trunk, so I'd have to fish the key out of my pocket anyway, completely negating the point of that feature. After a while, I decided to just open the driver door and push the trunk release there… but it wasn't there, it was on the center console, so I couldn't push it without leaning far into the car.  Really, that whole car felt like an exercise in including as many features on a bulleted list as possible, while giving no thoughts whatsoever on how people would actually use those features.
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Apr 17, 2015 05:38
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P.D.B. Fishsticks posted:Even when they do have it, it's poorly thought out. A rental car agency gave me a Buick Verano with key-in-pocket push-button start and entry, but they neglected to put a push button on the trunk, so I'd have to fish the key out of my pocket anyway, completely negating the point of that feature. Fun fact: those terrible touch-screen interfaces with the stupid-looking "shiny" buttons are a sure-fire way to tell if a company is just throwing poo poo together - you can buy middleware chips that do the touchscreen UI for you and they always use those goddamn awful shiny buttons by default.
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Apr 17, 2015 06:23
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It's not good with money but the ~$40k I spent on travel last year was the best with life/youth/career/adventure decision I could imagine. I don't regret anything. Of course, a commercial safari might be like package tour deals that are almost like not being in a foreign land at all! I don't see the point in that kind of tourism. But to each their own, a hostile and a 6-star are very different experiences and both of them can be great or lovely. For me, I would do it. I won't ever have the chance again to travel with my family like that and I am jealous (this is contingent on your family being cool).
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Apr 17, 2015 06:33
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P.D.B. Fishsticks posted:Really, that whole car felt like an exercise in including as many features on a bulleted list as possible, while giving no thoughts whatsoever on how people would actually use those features. Modern Car UI design.txt right there. I travel a lot and rent cars often, and goddamn are most cars a clown show for their in dash systems. I paid extra for the upgraded sound system for my car which included the touchscreen and it's pretty bad. That's a couple extra payments that I probably shouldn't have made. On the other hand, it does let me set a custom start picture.
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Apr 17, 2015 06:35
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Spermy Smurf posted:I have no idea what this post means. I can't be alone. The best part about this is that you think Anthony Weiner is a 70's porn star! You sweet summer child All three things are super sad and messed up in their own way. Whatever makes people feel self righteous and better about themselves I guess.
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Apr 17, 2015 07:10
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District Selectman posted:The best part about this is that you think Anthony Weiner is a 70's porn star! You sweet summer child Actually, the last guy got turned into a 70's porn star
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Apr 17, 2015 07:18
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flyboi posted:To each their own? lol thats not how it works in the cult that is BFC.
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Apr 17, 2015 09:50
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reddit posted:https://www.reddit.com/r/personalfinance/comments/32wnft/should_i_convert_my_401k_to_ira_and_cash_out_if/
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Apr 17, 2015 12:13
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CitizenKain posted:Modern Car UI design.txt right there. Yep, likewise, I'm at about 60% travel and rent tons of cars. My girlfriend made so much fun of me when the first thing I did on the test drive for the car I recently bought was pair my phone via Bluetooth and start the car several times with it alternately connected to BT or USB just to make sure it actually connected to my phone 100% of the time (   Ford Sync) and that the UI wasn't completely terrible.
P.D.B. Fishsticks fucked around with this message at 13:11 on Apr 17, 2015 |
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Apr 17, 2015 13:05
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What are the odds that dude will actually get a 90% salary bump just from an MBA? My guess is not good.
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Apr 17, 2015 13:48
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Nail Rat posted:What are the odds that dude will actually get a 90% salary bump just from an MBA? My guess is not good. Unless it's from an ivy league school and he's made crazy connections... Yeah it's still not going to happen.
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Apr 17, 2015 14:04
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Nail Rat posted:What are the odds that dude will actually get a 90% salary bump just from an MBA? My guess is not good. Depends on what he makes now I guess? If he's making 25-30k a year I can see a 90% jump upon graduating being reasonable.
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Apr 17, 2015 14:17
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No Butt Stuff posted:Unless it's from an ivy league school and he's made crazy connections... Yeah it's still not going to happen. Well, if he's working the fry-u-lator, it may jump him up to general manager? 150k in student loans well spent! 
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Apr 17, 2015 14:20
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I like how he also specifies that he currently is in the "80 to 90th percentile for his age range." I didn't even know people thought like this. This tells me that he's probably super status conscious, hence also needing to spend lots of money on going out and traveling to "network." I'm sure he's looking forward to joining that 99th percentile, aka the 1%, he's heard so much about.
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Apr 17, 2015 15:05
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What does he mean by saying he'll avoid the 10% tax? The traditional IRA is subject to the same 10% early withdrawal penalty as his 401k. He says its because he'll be using it to pay rent, but that's not a qualified exception as far as I know.
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Apr 17, 2015 15:14
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saltylopez posted:What does he mean by saying he'll avoid the 10% tax? The traditional IRA is subject to the same 10% early withdrawal penalty as his 401k. He says its because he'll be using it to pay rent, but that's not a qualified exception as far as I know. He's probably around $80-90k based on percentile, and bad with money due to minimal savings. http://www.shnugi.com/income-percentile-calculator/?min_age=27&max_age=27&income=80000
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Apr 17, 2015 15:32
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Thesaurus posted:I like how he also specifies that he currently is in the "80 to 90th percentile for his age range." I didn't even know people thought like this. This tells me that he's probably super status conscious, hence also needing to spend lots of money on going out and traveling to "network." Sure, he'll fit right in with the other MBAs. It's entirely possible that he comes out of this MBA program and walks into a $150k a year job if he can come across as generally likeable and competent while networking.
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Apr 17, 2015 15:45
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P.D.B. Fishsticks posted:Even when they do have it, it's poorly thought out. A rental car agency gave me a Buick Verano with key-in-pocket push-button start and entry, but they neglected to put a push button on the trunk, so I'd have to fish the key out of my pocket anyway, completely negating the point of that feature. The LaCrosse's layout makes that car look like an iPhone in terms of good UI. You had no storage space on the dash, not even a recessed cubby to stash your work ID. The 2012 model did not do bluetooth media, but it did have both an aux and an USB port, deep within the closed center console storage. You could snake your USB or audio cable through some small notches, but that got unwound every time you opened the center console. Which you had to do often, because there was no dashboard storage. It's such a terrible design that I almost believe they got together with SirusXM to figure out a way to force people to use satellite radio instead of their phones. Contrast that with my KIA Optima, which has keyless wireless everything and more nooks and crannies than an English muffin. It even chills my soda cans in the glove box. EDIT: and now the newest Buicks are batshit crazy for capacitive touch buttons. A capacitive touch hazard light button, which gets accidentally pressed when you're trying to change climate settings. Were the old hazard buttons somehow too difficult to press? Did old people insist on the easiest way to activate their flashers? Krispy Wafer fucked around with this message at 15:53 on Apr 17, 2015 |
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Apr 17, 2015 15:49
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saltylopez posted:What does he mean by saying he'll avoid the 10% tax? The traditional IRA is subject to the same 10% early withdrawal penalty as his 401k. He says its because he'll be using it to pay rent, but that's not a qualified exception as far as I know. Later on he says that he'll be able to withdraw penalty free because he's spending it on education Unfortunately, that exception only applies if it would apply towards a financial hardship, which, having $35,000 cash, he does not have
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Apr 17, 2015 15:53
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saltylopez posted:What does he mean by saying he'll avoid the 10% tax? The traditional IRA is subject to the same 10% early withdrawal penalty as his 401k. He says its because he'll be using it to pay rent, but that's not a qualified exception as far as I know. You can withdraw from an IRA to cover qualified educational expenses without penalty, including the cost of living. The wrinkle he's missing is that rent is only covered under qualified educational expenses up to the amount specified by the school for room and board in their cost-of-attendance calculations. It's designed expressly so you can't use it as a "cash injection." baquerd posted:Sure, he'll fit right in with the other MBAs. It's entirely possible that he comes out of this MBA program and walks into a $150k a year job if he can come across as generally likeable and competent while networking. He thinks networking happens at "networking events." Do you really think he's going to come across as competent?
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Apr 17, 2015 15:57
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To be fair, I think just about every bright eyed and bushy tailed MBA aspirational type thinks that at first. All it takes is going to one or two of those half-baked events to realize it's the post-undergrad equivalent of going to the local campus bar on Friday night hoping to find a quality long term relationship.
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Apr 17, 2015 16:34
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