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Krafty posted:If Mocking Bird is referring to PSLF then the balance forgiveness is not taxed as income (this is a major difference between the PSLF program and the general IBR/PAYE forgiveness programs). I don't know what other forgiveness program would be 10 years (unless it's some employer specific program or something - in which case it probably would be taxed.) Indeed I am. I'm a government social worker.
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# ? Jul 9, 2016 00:49 |
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# ? May 30, 2024 23:49 |
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here so our poo poo isn't as hosed up as the US yet, but echoing the sentiment that attitude and habit can trump a single dollar figure. My wife graduated with 30k of loans and negative career prospects (class of '09, ahoy!) but worked what odd jobs she could to make payments, lived within her means, and wasn't expecting me to pay it for her even after we were married. I super lucky having bagged a full scholarship and steady employment, so I took a loan to pay them off at a really good rate (last payment made this month, too ). There's more to it than just finances, obviously, but it's something that should be considered. If she had less debt and horrible habits (like her dropout-and-skip-the-country sibling) or owed a quarter mil for the same humanities degree things might have been different, but you can't (or shouldn't, anyways) make decisions like that in a vacuum. Also gently caress my mobile connection timed out before posting a couple hours ago, hope the winds haven't shifted too much since then!
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# ? Jul 9, 2016 02:15 |
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Guest2553 posted:here so our poo poo isn't as hosed up as the US yet, but echoing the sentiment that attitude and habit can trump a single dollar figure. My wife graduated with 30k of loans and negative career prospects (class of '09, ahoy!) but worked what odd jobs she could to make payments, lived within her means, and wasn't expecting me to pay it for her even after we were married. I super lucky having bagged a full scholarship and steady employment, so I took a loan to pay them off at a really good rate (last payment made this month, too ). There's more to it than just finances, obviously, but it's something that should be considered. If she had less debt and horrible habits (like her dropout-and-skip-the-country sibling) or owed a quarter mil for the same humanities degree things might have been different, but you can't (or shouldn't, anyways) make decisions like that in a vacuum. Paying a Canadian cell phone provider or ISP is BWM. I don't understand how so many industries in Canada are more consumer-friendly than the US, but Internet and cell phones are significantly cheaper and better literally everywhere in the U.S.
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# ? Jul 9, 2016 02:28 |
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cowofwar posted:It doesn't matter what their income might eventually be, spending based not on their current income is BWM. Are there people on commission in finance that don't seek out clients with hundreds of thousands of dollars in annual income? That seems like a pretty obvious route to success but what do I know
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# ? Jul 9, 2016 05:39 |
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Leon Trotsky 2012 posted:Paying a Canadian cell phone provider or ISP is BWM. I don't understand how so many industries in Canada are more consumer-friendly than the US, but Internet and cell phones are significantly cheaper and better literally everywhere in the U.S. My understanding is that things like cell towers are fixed costs and that you need one to cover every x square miles/km. You then spread that cost across your subscriber base. Basically, the larger and less populated your country the more expensive it is to service. The United States actually has it much worse then smaller, higher density countries in Europe and Asia.
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# ? Jul 9, 2016 05:57 |
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BEHOLD: MY CAPE posted:Are there people on commission in finance that don't seek out clients with hundreds of thousands of dollars in annual income? That seems like a pretty obvious route to success but what do I know
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# ? Jul 9, 2016 11:49 |
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Guest2553 posted:If she had less debt and horrible habits (like her dropout-and-skip-the-country sibling) or owed a quarter mil for the same humanities degree things might have been different, but you can't (or shouldn't, anyways) make decisions like that in a vacuum. Just curious, what country did she skip off to? We've had some examples in this thread of people going to Europe to escape debt, but boy it would be much easier if all you had to do was cross the largest unprotected border in the world. It worked for the draft, why not student loans.
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# ? Jul 9, 2016 12:18 |
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BeastOfExmoor posted:My understanding is that things like cell towers are fixed costs and that you need one to cover every x square miles/km. You then spread that cost across your subscriber base. Basically, the larger and less populated your country the more expensive it is to service. The United States actually has it much worse then smaller, higher density countries in Europe and Asia. 80% of Canada's population lives in a few fairly dense metro areas. The Canadian population is much denser than the U.S. as a whole. Yet, even in major cities like Toronto, the internet and cell phone options, quality, and prices, are significantly worse than 95% of the U.S.
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# ? Jul 9, 2016 13:30 |
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BeastOfExmoor posted:My understanding is that things like cell towers are fixed costs and that you need one to cover every x square miles/km. You then spread that cost across your subscriber base. Basically, the larger and less populated your country the more expensive it is to service. The United States actually has it much worse then smaller, higher density countries in Europe and Asia. That's the telco's going argument, but they never mention that the vast majority of Canada's landmass has no cell coverage. Plus bullshit like charging upwards of five bucks a month for caller ID.
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# ? Jul 9, 2016 13:33 |
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It's hotel wifi, for reference The only way I'll carry a cell phone in Canada is if it's a work issued one. The world would be better off if every shitheel decision maker in the big 3 dropped dead. My home phone/internet is bought from a 3rd party supplier because they aren't as awful. And the in-law ended spirited off to a Caribbean island. They've since returned to the country, bought a large dog, and constantly complain about money being tight. So it goes.
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# ? Jul 9, 2016 14:21 |
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Dik Hz posted:The key part is the attitude of the doctors. They generally think that because they got into med school, they know everything about everything. And people like that are easy marks. I wonder if doctors are truly BWM compared to other similarly high earning professionals or if it's just such a compelling man bites dog narrative to seize on every time a doctor makes a dumb investment or a failed business venture
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# ? Jul 9, 2016 19:14 |
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Likely the latter. If, as he says, they think they know everything about everything, how can they be easy marks? If we're stereotyping, if doctors have a flaw it's that they don't loving listen and you can't change their mind. Among other things, med school teaches people to be decisive, not waffling self-doubters. Not sure how that makes them easy to bamboozle but goons find a way to convince themselves they're superior to everyone.
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# ? Jul 9, 2016 19:42 |
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High Lord Elbow posted:Likely the latter. If, as he says, they think they know everything about everything, how can they be easy marks? If we're stereotyping, if doctors have a flaw it's that they don't loving listen and you can't change their mind. Among other things, med school teaches people to be decisive, not waffling self-doubters. How does somebody who thinks they know everything about everything NOT sound like an easy mark? That sounds like the easiest sort of mark there is.
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# ? Jul 9, 2016 20:10 |
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"Hey you should buy this managed fund..." "gently caress you, I know what I want." "It has a potential upside of 40% if you..." "Why are you still here? gently caress off." Oh yeah, easy marks. Very malleable.
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# ? Jul 9, 2016 20:26 |
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High Lord Elbow posted:"Hey you should buy this managed fund..." "you know, I have this managed fund that does really well, but most people aren't smart enough to see the potential. But since you're a doctor and far more educated, you might appreciate this..." Easy.
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# ? Jul 9, 2016 21:24 |
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BEHOLD: MY CAPE posted:I wonder if doctors are truly BWM compared to other similarly high earning professionals or if it's just such a compelling man bites dog narrative to seize on every time a doctor makes a dumb investment or a failed business venture
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# ? Jul 9, 2016 21:39 |
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Mocking Bird posted:What's the number that turns student loans from "dang that sucks but ok" to "dump the motherfucker already" for folks in this thread? Is it a percentage of salary going to repayment, state vs federal...? For me, It isn't a number on debt, it wouldn't even be the 300k of debt, but the 8k of credit card money owed that would make me run away. Those things together show a person with a fundamental dangerous failure to understand money.
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# ? Jul 9, 2016 21:40 |
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I personally know a surgeon, who is this exact stereotype. Guy somehow thinks himself to be the king poo poo of everything, because of his superior doctor education. He negotiated $300/month for 2 cellphones, which I didn't even know was physically possible. Then hired cheapest people on craigslist to refinish his hardwood floors, because "it's a total monkey job, and not rocket science". The finish is peeling off in high traffic areas, because surprise, they didn't do any loving prepwork. He also build himself a smoker out of some garbage barrel, tries to brew his own beer, distill own alcohol and is now experimenting with homemade fireworks. Other than fireworks, he has completely failed in all of the above. I hope his patients are alive and well.
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# ? Jul 9, 2016 21:51 |
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It's not just doctors, it's prevalent in any group of very smart or very educated people. Most people have a hard time recognizing that while they might be very knowledgeable in one subject, their knowledge is specialized and doesn't apply to everything.
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# ? Jul 9, 2016 21:59 |
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High Lord Elbow posted:"Hey you should buy this managed fund..." Jim Collins posted:You, too, can be conned
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# ? Jul 9, 2016 22:15 |
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High Lord Elbow posted:Not sure how that makes them easy to bamboozle but we goons find a way to convince ourselves we're superior to everyone. ftfy, fat goon elbow
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# ? Jul 9, 2016 23:10 |
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My neighbors are GWM: instead of a ridiculous wedding and reception they bought their house last summer and are getting married in their backyard today, catered by a taco truck.
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# ? Jul 9, 2016 23:53 |
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BraveUlysses posted:My neighbors are GWM: instead of a ridiculous wedding and reception they bought their house last summer and are getting married in their backyard today, catered by a taco truck. Wrong thread.
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# ? Jul 10, 2016 00:05 |
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Wait so how did he save her from losing 2 million dollars, i was waiting for the shifty con man to try to sell her land in Tennessee or something. From the sounds of it they were having a nice simple conversation and she mentioned she can keep from being conned and he went off on her calling her a dumb bitch until she broke down in tears. And then he's all like "Heh, guess you learned your lesson." edit: This was probably at her husband's funeral too.
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# ? Jul 10, 2016 02:56 |
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BEHOLD: MY CAPE posted:I wonder if doctors are truly BWM compared to other similarly high earning professionals or if it's just such a compelling man bites dog narrative to seize on every time a doctor makes a dumb investment or a failed business venture There's people that are BWM in all positions. The only group that comes to mind that I've noticed is GWM pretty much across the board is engineers. No idea why, but they seem to listen to advice, consult multiple resources, and then decide on their strategies. The worst from my experience has been anyone that earns about 80k a year no matter what position/job they have. They tend to spend like millionaires.
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# ? Jul 10, 2016 15:20 |
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pathetic little tramp posted:Wait so how did he save her from losing 2 million dollars, i was waiting for the shifty con man to try to sell her land in Tennessee or something. Its just a poor segue into what he wanted to actually write an article about. There's no resolution or clarification. The fact he broke up the quote at "With that you have" instead of "With that" also bugs me irrationally.
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# ? Jul 10, 2016 19:15 |
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Nail Rat posted:Its just a poor segue into what he wanted to actually write an article about. There's no resolution or clarification. Yeah, the example he uses is lovely. The parts I bolded are on point though.
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# ? Jul 10, 2016 19:28 |
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Solice Kirsk posted:There's people that are BWM in all positions. The only group that comes to mind that I've noticed is GWM pretty much across the board is engineers. No idea why, but they seem to listen to advice, consult multiple resources, and then decide on their strategies. The worst from my experience has been anyone that earns about 80k a year no matter what position/job they have. They tend to spend like millionaires. I'd agree, but a substantial chunk of the survivalists I know are or were engineers. Of course, once TSHTF, their gold bars and cans of beans will have been the most prudent investment of all...
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# ? Jul 10, 2016 20:54 |
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Are they going to beat looters to death with the gold bars? That'll be about the only use for them.
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# ? Jul 10, 2016 21:04 |
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Uncle Enzo posted:I'd agree, but a substantial chunk of the survivalists I know are or were engineers. Of course, once TSHTF, their gold bars and cans of beans will have been the most prudent investment of all... Over half of these Reddit personal finance stories involve software or structural engineers.
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# ? Jul 10, 2016 21:27 |
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Nail Rat posted:Are they going to beat looters to death with the gold bars? That'll be about the only use for them. Solid gold bullets. Just in case a werewolf from royalty shows up and requires more than silver.
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# ? Jul 10, 2016 22:13 |
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Leon Trotsky 2012 posted:Over half of these Reddit personal finance stories involve software or structural engineers.
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# ? Jul 10, 2016 23:12 |
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Uncle Enzo posted:I'd agree, but a substantial chunk of the survivalists I know are or were engineers. Of course, once TSHTF, their gold bars and cans of beans will have been the most prudent investment of all... One of my coworkers keeps machetes, crossbows, water bottles, and knives in his car at all times. He can't stop spending money on survivalist gear. It reminds me of this quote, from here: quote:Patton Oswalt wrote a piece about how non-Millennials seem far more obsessed with their phones, and my theory is that it’s because we remember when there weren’t phones that could connect to the great itch-scratching internet and fear that, one day, they might be taken away from us, so we’re constantly proving to ourselves that they’re still there, that they still work. All over TV and in the movies, my generation is continuously expressing our greatest fear: that all this shiny technology could disappear some day. For actual Millennials, that idea is as unimaginable as there being no air one day, which is the more likely scenario anyway. Maybe each generation has its own paranoia, and the next successful industries are the ones that play to those fears the most. We're all easy marks in some way. Right now, pre-millennials have disposable income and have experienced all kinds of technology churn (thanks, dial-up modems and tape decks!), so of course we feel like today's technological wonders could vanish. The logical extension is a growing obsession with "going off the grid" and being prepared for a technology-less post-apocalyptic wasteland. The next generation will probably be more afraid of AI.
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# ? Jul 10, 2016 23:31 |
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Solice Kirsk posted:There's people that are BWM in all positions. The only group that comes to mind that I've noticed is GWM pretty much across the board is engineers. No idea why, but they seem to listen to advice, consult multiple resources, and then decide on their strategies. The worst from my experience has been anyone that earns about 80k a year no matter what position/job they have. They tend to spend like millionaires. You're not an engineer are you? Because that sounds like something an <insert profession> would say about people in their <insert profession>. I doubt engineers are any smarter with money than other similar professions. They just burn out in less exciting ways.
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# ? Jul 11, 2016 00:58 |
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Something an engineer would say about people in their engineer.
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# ? Jul 11, 2016 01:10 |
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Leon Trotsky 2012 posted:Over half of these Reddit personal finance stories involve software or structural engineers. But then again software engineers are probably dramatically overrepresented on Reddit compared to the population of BWM people.
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# ? Jul 11, 2016 01:27 |
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Is there a profession or field that is resoundingly GWM?
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# ? Jul 11, 2016 01:36 |
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I would have said people who manage money for a living, but Slow Motion pretty conclusively proved that wrong. EDIT: The truth of the matter is that most countries I know of do a horrendous job of teaching their citizens financial competence.
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# ? Jul 11, 2016 01:43 |
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Yeah but at least some asian countries have high household saving rates, which puts them way ahead of the curve even if they suck rear end at actually investing (which basically everybody is).
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# ? Jul 11, 2016 02:11 |
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# ? May 30, 2024 23:49 |
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Dustoph posted:Is there a profession or field that is resoundingly GWM? Payday lending?
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# ? Jul 11, 2016 02:47 |