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BigDave posted:Do those debts cross the border? Otherwise this guy could go on back to wherever and leave Hertz holding the bag. I think most jurisdictions would hold the contract enforceable, yeah. I would certainly expect my car loan to be actionable if I fled back to Canada. It would be the same for a US citizen going to another country; citizenship doesn't affect civil contract law AFAIK.
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Dec 26, 2015 21:26
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Subjunctive posted:You can have legal debts without being a US citizen. Source: I am in the US but not a citizen, and have had debts. A lot easier to incur them with a ssn though (source, i lived in the US and had a ssn but wasnt a citizen)
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Dec 26, 2015 22:07
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Yeah, a TIN works sometimes, but a lot easier with an SSN.
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Dec 26, 2015 23:03
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Haifisch posted:I bet the rental car company is going to be really salty once they realize their chances of recovering from him. A wave? On the beach? Chance in a million.
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Dec 27, 2015 00:11
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at the argument over whether the ocean ruining your car counts as an act of god or not:
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With luck like that he should start playing the lottery until he wins it big and can pay off that debt 
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Dec 27, 2015 01:33
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Mojo Threepwood posted:44% of snake people earning between $100,000 to $149,000 live paycheck to paycheck. Interestingly, just 33.5% of those earning $50,000 to $75,000 said they lived that way hmmm maybe the cost of living and relative salaries aren't exactly the same everywhere
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Dec 27, 2015 01:41
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I have to wonder about the methodology of such a survey as well - saving money and not participating in surveys both strike me as smart things to do and perhaps they're correlated.
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Dec 27, 2015 03:01
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Guest2553 posted:With luck like that he should start playing the lottery until he wins it big and can pay off that debt With stupidity like that he probably will.
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Dec 27, 2015 09:36
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Isn't it like scientifically proven that everyone who wins a lotto jackpot ends up blowing the money since they're still retards who don't know how to manage money by virtue of having played the lotto in the first place?
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Dec 27, 2015 13:52
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Isnt that trickle down economics actually working in practise?
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Dec 27, 2015 14:37
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Cast_No_Shadow posted:Isnt that trickle down economics actually working in practise? Eh, yes and no, adjusted for how much of what is spent on conspicuous luxury crap. A formerly low-income lottery winner dropping six figures on cars isn't going to buy 10 Fords, benefiting his local community's dealer, he's going to buy a stretched hummer from a dealership that deals with rich clientele (the difference being that their normal clientele usually have a regular income to match their expenses rather than spending a lump sum payment like it was water). It's a simplified analogy, of course, but generally speaking a lottery dollar finds its way up the socioeconomic ladder faster than the dollar of a low wage-earner.
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Dec 27, 2015 15:35
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This article is a few months old so maybe its already been posted: http://www.theguardian.com/world/2015/sep/22/extreme-altruism-should-you-care-for-strangers-as-much-as-family It's about a woman/couple who donates as much money as possible to charity. On the face of it it seems to be pretty BWM, but then it describes how she is actually GWM living frugally and maximizing her income (so that she can give even more money away).
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Dec 27, 2015 16:07
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Per posted:This article is a few months old so maybe its already been posted: Could you elaborate on how it's bad with money? Using it to alleviate suffering seems like one of the best things one can do with money.
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Dec 27, 2015 16:45
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I think as long as they have a plan for their long term sustenance without burdening others it's... Fine? Except she cried over buying a candy apple for a couple bucks with someone else's money because it could have been donated to buy malaria nets and OMG HOW SELFISH. That's uh... Uncomfortable.
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Dec 27, 2015 18:07
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Per posted:This article is a few months old so maybe its already been posted: It's BWM from a personal perspective, but extremely GWM from a social perspective, since rather than those dollars going into consumption, they're being invested in social and human capital somewhere where they have the greatest leverage in benefit per dollar. If everyone were like her we'd be living in a communist utopia. A GWM story. 
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Dec 27, 2015 18:07
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Subjunctive posted:Could you elaborate on how it's bad with money? Using it to alleviate suffering seems like one of the best things one can do with money. I can think of a few scenarios. For example, if an extremely altruistic person is diagnosed with a serious illness that requires expensive medicines or surgery, they may lack the funds for prompt treatment, which could leave them out of work (which means they cannot continue giving). Or you could argue that investing some or all of their donation money and using the proceeds to fund the charitable giving would be more effective in the long run because while money today is worth more than money tomorrow, it would allow for continuing donations long after the donors stopped working. How "bad with money" these scenarios are is entirely dependent on your perception, though.
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Dec 27, 2015 18:12
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froglet posted:I can think of a few scenarios. For example, if an extremely altruistic person is diagnosed with a serious illness that requires expensive medicines or surgery, they may lack the funds for prompt treatment, which could leave them out of work (which means they cannot continue giving). Or you could argue that investing some or all of their donation money and using the proceeds to fund the charitable giving would be more effective in the long run because while money today is worth more than money tomorrow, it would allow for continuing donations long after the donors stopped working. I don't think those are the scenarios described. The charity in question wanted they could (subject to tax classification requirements) also invest, and use those proceeds, if they saw the time value of the money appropriately. Scholarship endowments work like that, for example.
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Dec 27, 2015 18:17
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EugeneJ posted:Isn't it like scientifically proven that everyone who wins a lotto jackpot ends up blowing the money since they're still retards who don't know how to manage money by virtue of having played the lotto in the first place? This example from a nearby city comes to mind. I couldn't stop facepalming when I first read through it. There definitely seems to be far more stories of lotteries leading to financial ruin than there are positive stories. Heck, most people do foolish things with their tax return deposits, never mind million dollar payouts! melon cat fucked around with this message at 04:59 on Dec 28, 2015 |
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Dec 27, 2015 20:08
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Subjunctive posted:I don't think those are the scenarios described. The charity in question wanted they could (subject to tax classification requirements) also invest, and use those proceeds, if they saw the time value of the money appropriately. Scholarship endowments work like that, for example. I really do think about bed nets for African children when buying stuff. I don't go that crazy since there's a point where living too ascetic a lifestyle will make me go insane and unable to continue earning at the same rate. However, bed nets are the true tradeoff I'm making when I spend and I am conscientious of that. The AMF saves a life for every ~$2800 donated, it makes decisions like new vs used vs no car easy for me.
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Dec 27, 2015 20:44
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My sister is a BWM all star. I posted about it a dozen or so pages ago, but I think she's just going to go through life this way. She's a single mom of teens, but she's adding to her struggles with terrible decisions. - 444 credit score. Only posting because I had no idea you could actually get so low. - Defaulted student loans for an abandoned University of Phoenix degree. - Car repossessed, bought a death trap with a rusted out gas tank that subsequently died. - Now financing a used SUV and doing Uber/Lyft or whatever - Does equine whatever - Very self-righteous about everything I have two facebook accounts, one only for family, because her updates are too frustrating to read. I wish she could figure it all out.
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Dec 27, 2015 20:48
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Moneyball posted:My sister is a BWM all star. I posted about it a dozen or so pages ago, but I think she's just going to go through life this way. She's a single mom of teens, but she's adding to her struggles with terrible decisions. too vague, more deets next time thanx
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Dec 27, 2015 20:54
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Moneyball posted:
Combine the two and start a horse Uber service. Think of all the equity she could build!
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Dec 27, 2015 22:05
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BigDave posted:Combine the two and start a horse Uber service. Think of all the equuity she could build! Words mean things, playa  I like where your head's at though. What should it be called? Uuber?
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Dec 27, 2015 23:11
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Guest2553 posted:Words mean things, playa Wilbur
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Dec 27, 2015 23:12
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melon cat posted:(Lottery failures) From the article: quote:The vanity licence plate read “BABIPHAT,” after one of her favourite designer clothing lines. Blue Story needs a matching "BOBAFETT" vanity plate. Moneyball posted:Wilbur 
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Dec 27, 2015 23:15
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Guest2553 posted:Words mean things, playa Glueber
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Dec 28, 2015 00:24
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The thread title I never knew I always wanted 
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Dec 28, 2015 00:36
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Moneyball posted:Wilbur Perfect. Horse equity loans may not exist yet, but car equity loans sure do: https://www.wellsfargo.com/auto-loans/auto-equity/cash-out-and-refinance-options/ BigDave fucked around with this message at 02:21 on Dec 28, 2015 |
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Dec 28, 2015 02:17
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Canada continues to try to emulate the US housing crisis:quote:Jewellery buyer Russell Oliver, better known from his ads in the Toronto area as the “Cashman,” decided to step into a new title — “the loan arranger” — after his customers started asking for help with their mortgages. The business is small but growing steadily. http://www.huffingtonpost.ca/2015/07/28/shadow-mortgage-market-canada_n_7882216.html
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Dec 28, 2015 03:52
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loosey-goosey
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Dec 28, 2015 03:57
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quote:“It’s not as if we’re humanitarians and we want to be nice to you. It’s just that you can only borrow very little and you’re not going to be able to pay it back.”
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Dec 28, 2015 04:11
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Haifisch posted:At least he's honest about being a greedy monster? He's not doing anything the banks haven't done, and we bailed them out for billions of dollars. I think I'm just mad I didn't think of it first.
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Dec 28, 2015 05:43
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https://www.washingtonpost.com/loca...0b1f_story.html Taylor suffered severe burns as a child and reached a settlement with a space-heater manufacturer that had a lifetime expected payout of $31.5 million, but after numerous sales from his structured settlement at a fraction of the value, he is broke. Scummy industry, clearly they took advantage of him. KingFisher fucked around with this message at 08:18 on Dec 28, 2015 |
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Dec 28, 2015 08:04
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It is me, I am bad with money. I was so proud of myself for paying off a maxed credit card, starting emergency savings, contributing to a Roth and 401k, and even starting savings for a car down payment (hopefully my 2011 Toyota sticks around for a while but I have 92k miles on it and it has been in two accidents so I'm scared it could get totaled if, like a dumbass, I get into a third accident). I thought I had reduced spending so well on impulse poo poo like clothing and food. I logged into mint. I have spent over $9000 on food this year. I make $42k. I moved back home with my parents so I could invest a quarter of my income in turds. I don't have many excuses: I can count on two hands how many drinks I have per year so it isn't alcohol. I'm supposed to be cooking more because I'm trying to lose weight. It's LOTS of eating out plain and simple. Lots of sushi, lots of green tea, lots of fast food. Ugh. Edit: I'm just so angry at myself! I might not have enough money for GROCERIES as an elderly person because I kept hauling my rear end to burger places as a woman-pushing-30. legsarerequired fucked around with this message at 14:18 on Dec 28, 2015 |
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Dec 28, 2015 14:13
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legsarerequired posted:It is me, I am bad with money. Sushi makes us all do dumb things.
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Dec 28, 2015 14:18
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Take the 40 dollar sushi class and learn to make it yourself. Sushi has about a 500-1000% markup
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Dec 28, 2015 14:23
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I doubled the automatic transfer to my vanguard because CLEARLY I will find a way to spend the money otherwise. Ugh. I'm remembering when I was a child my parents took us to fast food every day. I can count on one hand how many times we ate a home cooked meal around a table. Once we didn't go to burger king for a week (probably because we went to McDonalds or something) and the lady at the window said she was worried about us. Edit: I will say this to other people in my situation (trying to lose weight/spend less in food): I don't eat nearly as much sushi since I started cooking chicken at home. A dietitian told me that if you regularly eat meat, your body will crave it. I have definitely noticed that I don't crave eating out as badly as I used to since I started making chicken at home and snacking on it throughout the day at work. That said I've done homemade sushi before and it is super fun! legsarerequired fucked around with this message at 14:38 on Dec 28, 2015 |
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Dec 28, 2015 14:26
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start you are own thread
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Dec 28, 2015 15:09
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Also, just sit down for 20 minutes every week before you do your grocery shopping and actually plan what you'll eat that week. Like, literally, "Monday I will make X and Tuesday for lunch I will have the rest of X, Tuesday I will make Y but it doesn't keep well, so I'll let Wednesday's lunch be my day to buy a sandwich at the deli." It's so much harder to cheat and eat out when you've already planned what you're eating that day and you have the ingredients ready to go. Plus, for some people (me included), there's an element of "I already bought ingredients A, B, and C for this dish and I don't want to let them go bad..." which can help keep you on track. My dining out habits changed enormously when I started this.
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Dec 28, 2015 15:51
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legsarerequired posted:I moved back home with my parents so I could invest a quarter of my income in turds. Something something Warren Buffett something investing during a down year is actually good. You're moving in the right direction and you've made a lot of progress. Keep it up!
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Dec 28, 2015 17:14
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