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Krispy Kareem posted:I got suckered into a pitch to sell water filters. As they started drawing their corporate structure on the chalkboard, I pointed out it looked like a pyramid. I was then told all companies look like that. And yet how many jobs require a pyramid to explain how they/you make money?
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Mar 7, 2016 20:32
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Krispy Kareem posted:I got suckered into a pitch to sell water filters. As they started drawing their corporate structure on the chalkboard, I pointed out it looked like a pyramid. I was then told all companies look like that. The real defining feature of a pyramid scheme is when everyone at the bottom gets promoted upwards and the pyramid splitting so there's exponential growth. Although this horse pyramid scheme probably involves adding more levels and continuously milking money from everyone.
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Mar 7, 2016 21:18
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Is horse chat a derail or is it the topic of this thread?
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Mar 7, 2016 21:34
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r0ck0 posted:Is horse chat a derail or is it the topic of this thread? Yes.
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Mar 7, 2016 21:38
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It's hard to talk about horses without heading into a bad with money discussion. Good thread material, because your coworker who is drowning in horse debt is more likely to bring it up than the one with gambling or payday loans debt
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Mar 7, 2016 22:02
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Also,canyoneer posted:It's hard to talk about bad with money without heading into a horses discussion.
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Mar 7, 2016 22:50
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Back to the "under 100k horse crowd," a lot of those people live in places like Wyoming and Texas where you can buy a few hundred acres with a decent 3br/2ba for almost nothing. With the cost of living so cheap and abundant land, having a few horses to roam the range is really satisfying and not as bad as stabling them in some fancy Northeastern suburb. So yes, they're expensive but in certain parts of the country you don't have to be rich to do it. Source: Grew up with horses, did not starve.
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Mar 8, 2016 00:23
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High Lord Elbow posted:Back to the "under 100k horse crowd," a lot of those people live in places like Wyoming and Texas where you can buy a few hundred acres with a decent 3br/2ba for almost nothing. With the cost of living so cheap and abundant land, having a few horses to roam the range is really satisfying and not as bad as stabling them in some fancy Northeastern suburb. I live in hawaii and I had a $10k wedding on the beach, normally it would cost twice that but since I'm a local I got a good deal.
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Mar 8, 2016 00:26
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r0ck0 posted:I live in hawaii and I had a $10k wedding on the beach, normally it would cost twice that but since I'm a local I got a good deal. This has nothing to do with horsechat you dolt E: wait I think I am the dumb one and I just got what you were doing there
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Mar 8, 2016 00:33
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DoubleT2172 posted:This has nothing to do with horsechat you dolt Maybe he got married on horseback and then galloped off with his new bridle.
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Mar 8, 2016 01:02
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Oh great the thread just collapsed in to a horse wedding humblebrag singularity.
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Mar 8, 2016 01:04
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High Lord Elbow posted:Back to the "under 100k horse crowd," a lot of those people live in places like Wyoming and Texas where you can buy a few hundred acres with a decent 3br/2ba for almost nothing. With the cost of living so cheap and abundant land, having a few horses to roam the range is really satisfying and not as bad as stabling them in some fancy Northeastern suburb. It poo poo land Texas it is still around $2000 an acre... A few hundred (300?) Is still $600k. No wonder you didn't starve.
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Mar 8, 2016 01:19
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High Lord Elbow posted:Back to the "under 100k horse crowd," Mr Hands is dead, and you want to shame him for not picking a six figure horse.
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Mar 8, 2016 01:21
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spwrozek posted:It poo poo land Texas it is still around $2000 an acre... A few hundred (300?) Is still $600k. No wonder you didn't starve. It was about $100 an acre when/where I grew up. Absolutely worthless for most purposes and a long way from anything except grazing big animals.
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Mar 8, 2016 02:14
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High Lord Elbow posted:Back to the "under 100k horse crowd," a lot of those people live in places like Wyoming and Texas where you can buy a few hundred acres with a decent 3br/2ba for almost nothing. With the cost of living so cheap and abundant land, having a few horses to roam the range is really satisfying and not as bad as stabling them in some fancy Northeastern suburb. You also have to be smart enough to avoid the countless money traps like horse shows. Not Western horse shows, where you often make up the entry fees with prize money or win a saddle/trailer/etc. No, the dressage and hunter/jumper and saddleseat people assume that you have money to burn and will make you pay thousands of dollars for the privilege of riding a horse in front of 20 people on a perfectly good weekend and maybe get a ribbon or something. In order words, mamas, let your babies grow up to be cowboys, but don't let them become horse show brats.
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Mar 8, 2016 04:43
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Youth Decay posted:You also have to be smart enough to avoid the countless money traps like horse shows. Not Western horse shows, where you often make up the entry fees with prize money or win a saddle/trailer/etc. No, the dressage and hunter/jumper and saddleseat people assume that you have money to burn and will make you pay thousands of dollars for the privilege of riding a horse in front of 20 people on a perfectly good weekend and maybe get a ribbon or something. In order words, mamas, let your babies grow up to be cowboys, but don't let them become horse show brats. After reading this thread I can't decide to swipe left or swipe right on women with profile pics of them riding in the traditional English/Northeastern attire. Are they bad with money or come from money? only a date will tell
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Mar 8, 2016 04:47
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r0ck0 posted:I live in hawaii and I had a $10k wedding on the beach, normally it would cost twice that but since I'm a local I got a good deal. lmao all-star post 
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Mar 8, 2016 05:00
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High Lord Elbow posted:
How many horses did you eat?
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Mar 8, 2016 06:57
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GoutPatrol posted:How many horses did you eat? I guess being a Dothraki is GWM. Though I'm not sure how many of them regulary contribute to their 401(k)s.
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Mar 8, 2016 10:11
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spwrozek posted:It poo poo land Texas it is still around $2000 an acre... A few hundred (300?) Is still $600k. No wonder you didn't starve. No. http://www.landandfarm.com/search/Texas-land-for-sale/ - Plenty of poo poo land for $500/acre.
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Mar 8, 2016 15:22
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baquerd posted:No. http://www.landandfarm.com/search/Texas-land-for-sale/ - Plenty of poo poo land for $500/acre. Based on what we pay for land that you can actually raise horses on it is around $2k usually. Sure you can get stuff cheaper but that land can't really support horses just roaming around.
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Mar 8, 2016 16:05
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spwrozek posted:Based on what we pay for land that you can actually raise horses on it is around $2k usually. Sure you can get stuff cheaper but that land can't really support horses just roaming around.
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Mar 8, 2016 17:14
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What I want to know about horses is when will be able to start butchering and eating the things in America? From my understanding the things are overrunning and damaging land in multiple areas and I bet I could sous vide that tough meat into deliciousness.
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Mar 8, 2016 17:21
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SiGmA_X posted:We're having horsechat, don't try to apply logic to statements! Ah you are right, time to buy 4 horses. I will just keep them in my yard in Denver.
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Mar 8, 2016 17:23
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Can horses walk down stairs? edit: Yes, also good with money if they carry your school supplies. 
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Mar 8, 2016 17:29
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Rhode Island is facing threats of having their state's credit downgraded. Is this a pension or tax issue? Or is because they are considering defaulting on the $51 million in loans they took out so former Red Sox hero Curt Schilling could try to make a fantasy MMO that was never released? The whole story of Rhode Island enabling this vaporware is amazing, especially as Rhode Island should have realized that the project couldn't be completed with the time and money Schilling had. quote:Wells Fargo & Co. and a Rhode Island government agency were sued by a U.S. regulator for allegedly misleading investors about how much money a company led by former Boston Red Sox pitcher Curt Schilling needed to develop a video game. http://www.bloomberg.com/news/articles/2016-03-07/wells-fargo-sued-by-sec-over-bond-offering-for-curt-schilling Whole story of the fiasco: http://mobile.nytimes.com/2013/04/21/business/curt-schilling-rhode-island-and-the-fall-of-38-studios.html?referer=&_r=0
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Mar 8, 2016 18:00
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Mojo Threepwood posted:project couldn't be completed with the time and money Schilling had. You don't get rich and stay rich by spending your own money. Fat Cat 101
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Mar 8, 2016 18:39
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Mojo Threepwood posted:Rhode Island is facing threats of having their state's credit downgraded. Is this a pension or tax issue? Or is because they are considering defaulting on the $51 million in loans they took out so former Red Sox hero Curt Schilling could try to make a fantasy MMO that was never released? Kingdoms of Amalur actually came out and sold over a million copies. I don't think the money they paid to R.A. Salvatore to create a full universe of lore and back story planned out. That and retooling a subscription based MMORPG into a single player game in order to be released is BWM (but at least it brought us the failed campaign of Lincoln Chafee).
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Mar 8, 2016 18:53
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Whose ready for the BWM all-star tournament? The /r/StudentLoandDefaulters personal story thread. My favorite is the 27 year old, for-proift animation major who is perma-unemployed and only posts about pokemon from their parents basement.
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Mar 8, 2016 19:02
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The best part about that whole thing is how Curt Schilling is a right wing rear end in a top hat who hates welfare, but was more than happy to take money from the state that he will in no way, shape or form pay back 
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Mar 8, 2016 19:03
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Nail Rat posted:The best part about that whole thing is how Curt Schilling is a right wing rear end in a top hat who hates welfare, but was more than happy to take money from the state that he will in no way, shape or form pay back That sounds exactly like what I know of people who vocally oppose welfare. gently caress poor people, the only people who should get subsidized are those who are already rich.
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Mar 8, 2016 19:48
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Sepherothic posted:Whose ready for the BWM all-star tournament? I feel really bad for the software engineer making 100k and struggling to max out his 401k
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Mar 9, 2016 02:41
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Today on Bad With Money: "Canadians getting lured onto ‘auto-debt treadmill’ by signing on to long-term car loans".quote:The FCAC called the growth in long-term car loans “worrisome,” noting that the average new car loan last year had a term longer than 72 months, up from about 65 months in 2010. quote:In the same five years, the share of consumers trading vehicles with “negative equity” has risen by 50 per cent – up to 30 per cent of consumers in 2015 from 20 per cent in 2010. Taking out a 6-year loan on a new shiny thing is a bad idea? Who knew!  Craziest part? This study doesn't include the many Canadians who opt to use their home equity credit lines to finance a new car purchase, many of whom are still paying off the debt long after the vehicle has been sold/totalled/repo'ed. melon cat fucked around with this message at 03:25 on Mar 9, 2016 |
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Mar 9, 2016 03:11
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r0ck0 posted:You don't get rich and stay rich by spending your own money. Fat Cat 101 Oh Schilling was willing to burn his own money as well as Rhode Island's. And he had his assets in the way you'd expect if you've ever taken a look at his Twitter quote:So Schilling put up $5 million worth of gold coins as collateral for another loan... Oil! posted:Kingdoms of Amalur actually came out and sold over a million copies. I don't think the money they paid to R.A. Salvatore to create a full universe of lore and back story planned out. That and retooling a subscription based MMORPG into a single player game in order to be released is BWM (but at least it brought us the failed campaign of Lincoln Chafee). Yeah you're right that Kingdoms of Amalur sold decently but it wasn't a retooling of the MMORPG, it was a transitional game that was supposed to generate funds to keep the bigger project going. Haha poor Chafee. Nail Rat posted:The best part about that whole thing is how Curt Schilling is a right wing rear end in a top hat who hates welfare, but was more than happy to take money from the state that he will in no way, shape or form pay back Oh man, that part was good but there are so so many "best parts" to pick from: quote:Indeed, Schilling didn’t know the first thing about the world outside baseball. That’s not hyperbole: He once asked the president of 38 Studios if employees got weekends off. Another time he suggested that they work 14 days straight so as not to lose their momentum. (No need for travel days when you’re playing only home games!) Schilling was so clueless that he had to be told by his wife’s uncle, a retired corporate executive, not to personally guarantee the company’s lease. quote:Mr. Schilling said he had basically lost his entire baseball fortune in 38 Studios. Months later, he would auction off his bloody sock. quote:He wasn’t going to skimp on the back story, either (even though most people who play these games tend to click quickly through the text to get to the action). There would be 10,000 years’ worth of it, all dreamed up by a best-selling fantasy author, R.A. Salvatore, and a well-known comic book writer, Todd McFarlane. They would be co-founders of the company—though Schilling preferred the title “co-visionaries.” quote:Schilling had no idea how much time and money it took to build the software required for such a game. And he didn’t exactly help matters by weighing in with suggestions of his own. There was, for example, that instance when he mentioned in an e-mail that it might be cool to have mounted combat on flying pigs. The design team worked on nothing else for a week. (Quotes from Thrown for a Curve in Rhode Island, Schilling's lovely Video Game Company: A Case Study In Bad Delusions, End Game: Curt Schilling and the Destruction of 38 Studios)
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Mar 9, 2016 03:27
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melon cat posted:Taking out a 6-year loan on a new shiny thing is a bad idea? Who knew!
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Mar 9, 2016 06:23
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Youth Decay posted:You also have to be smart enough to avoid the countless money traps like horse shows. Not Western horse shows, where you often make up the entry fees with prize money or win a saddle/trailer/etc. No, the dressage and hunter/jumper and saddleseat people assume that you have money to burn and will make you pay thousands of dollars for the privilege of riding a horse in front of 20 people on a perfectly good weekend and maybe get a ribbon or something. In order words, mamas, let your babies grow up to be cowboys, but don't let them become horse show brats. Where I grew up, there is a horse event/show thing. This show draws in people from across the world and it is pretty much the most bizarre showcase of setting money on fire that I've ever heard. Many of the horses are actually flown to the nearest airport on specialized cargo planes. That are then driven out in the back of a truck and trailer that costs more then the average home price in the area.
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Mar 9, 2016 06:49
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CitizenKain posted:Where I grew up, there is a horse event/show thing. This show draws in people from across the world and it is pretty much the most bizarre showcase of setting money on fire that I've ever heard. Many of the horses are actually flown to the nearest airport on specialized cargo planes. That are then driven out in the back of a truck and trailer that costs more then the average home price in the area. Those cargo planes, as my wife tells me, also have a Veterinarian on board to monitor the horses. Should one of them start to try to tear it's pen on the plane up, the vet has a tranq gun and can kill the horse to save the airplane and it's crew. Imagine your $250,000 Dutch Warmblood getting shot on a plane because it thought it saw a bee in it's pen and spooked. Oh looky, she was right.
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Mar 9, 2016 15:02
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I bet the horse insurance industry is a hell of a racket
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Mar 9, 2016 16:00
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Dik Hz posted:I don't know. When we bought our last new (to us) car, the bank gave us 2% rates on a 75 month note. With rates that low, why not stretch it out as long as possible? I think the problem is that it's a deprecating asset that often needs repairs after year 5, so you're paying that new car loan payment in addition to costly maintenance. And God forbid if you want or need to sell while it's still upside down. I'll admit I have a 6 year loan because I'm a whore for keeping payments lower, even though I pay off the cars around year 4. It's a paranoia thing, I like the option to pay less if my finances take a hit. Cue all the GWM posts about buying gently caressed Japanese economy cars with cash and avoiding that first year depreciation and finance charges. I just want someday have enough money to afford a loan shorter than my factory warranty.
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Mar 9, 2016 16:03
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There's also a significant industry-wide reliability dividend that makes the loans less horrible than they would be, ceteris paribus. Maintenance and repair costs have decreased significantly across the board with the exception of SCR heavy on-road diesel engines.
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Mar 9, 2016 16:07
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