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Hey guys lemme tell you how much money to spend on getting married.
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Sep 14, 2016 16:02
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| # ? May 14, 2024 04:41 |
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Sadly, my family continues to be a source of BWM stories. I had dinner with my Aunt, Uncle, and Cousins this week and got some updates on their life. - Cousin is using credit cards to finance about 12k to buy and build a food truck that sells vegetarian meals made from ingredients sourced from his friend's local co-op. He hired his friends to drive it and man it, but they only work on Sunday, Monday, Tuesday, and Wednesday. I'm pretty sure his biggest market is going to be people on their lunch break at office parks, so Sunday is a terrible day to do 1/4 of your business. Also, he lives in a very suburban area of Pennsylvania, so the foot traffic and office park market is going to be pretty small. He thinks this is a good idea because only one of his cards is currently charging interest and his friend who runs the co-op is also working on his truck and is okay with him "delaying" his pay until the business picks up. - Aunt is currently in a fight with her insurance company to get them to reimburse her for going to a naturopath who uses crystals and has her gargle olive oil (???) for her medical and dental treatment. She didn't check to see if her insurance would cover it and just assumed that they would because "he's a doctor" and can't afford to pay the $450 bi-weekly (!!!) fees. - My other cousin just discovered bitcoin this year and heard about people getting rich back in 2010 and decided to get in now. I told him it was way too late, but he's "researched" it and thinks he can make money from it by essentially day-trading bitcoin.
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Sep 14, 2016 16:04
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Leon Trotsky 2012 posted:vegetarian meals No. The Nards Pan posted:You should be put down based on your posting alone. You might be surprised to hear that this is not the first time I've been told that.
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Sep 14, 2016 16:08
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Leon Trotsky 2012 posted:Sadly, my family continues to be a source of BWM stories. I had dinner with my Aunt, Uncle, and Cousins this week and got some updates on their life. Wait bi-weekly as every two weeks or twice a week
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Sep 14, 2016 16:16
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pathetic little tramp posted:Wait bi-weekly as every two weeks or twice a week She goes every two weeks and has about 2 months of back expenses she thought her insurance would cover before they finally got back to her with a denial. The total is around $2,200.
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Sep 14, 2016 16:24
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Oh_Yeah posted:They are rescues from dachshund rescue Australia. Here's the zinger, I didn't buy them... one of them was rescued in an RSPCA raid on a puppy farm. I had to get all her teeth removed because they were rotted out of her mouth, hence why I make her food...But I'd still like you to pin the award to my chest Can you post your salary/retirement savings/debt/general financial picture so I can close the loop on whether spending $14k on two broken dogs in a year is really BWM or just kinda BWM, TIA https://www.reddit.com/r/personalfinance/comments/52ozfc/im_20_and_i_want_to_buy_a_car_getting_a_loan/ quote:Hi Reddit! This is my first post, so I hope I'm abiding to the rules in making a post. Dude wants to spend half his yearly salary on a car.
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Sep 14, 2016 16:27
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In my first real grown up job, spending half your annual salary on a car was normal and expected. Twelve years later, still normal and expected.
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Sep 14, 2016 16:35
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I don't even want to think about my cousin's money situation. She has received two five-figure inheritances in the past 5 years. (Her mom died from cancer, sad story but her mom was very frugal and tried her best to set a good example and...didn't get through.) She's living in new york, when her father decides to move to florida. She's graduating school soon, and has a job lined up teaching at an elementary school in new york. Her father convinces her to move with him, giving up the job. Instead, she takes a job "teaching" at a preschool/daycare in florida. Almost immediately she hates it there and says she wants to come back. During this time she occasionally pays her father's rent, as he just quits his jobs when he doesn't like it. She moves out of her father's apartment, in with a friend, but then she hates the friend and moves back in with dad. Her dad has taught his job philosophy by this point, "if you don't like your job, don't think about it, just quit!". Her inheritance has dwindled to nothing by this point, through a combination of paying her/her father's rent, buying stuff she doesn't need(like a brand new car), and staying unemployed. She complains about having no money, and when she gets a job offer back in New York, she can't afford to move and live there on what it pays. She starts a gofundme to fund moving back, planning on staying with a friend. Her friend ends up saying "no, you can't live here". She keeps the money from the gofundme, and stays in florida. Now, she really wants to come back to new york, but had to turn down the job. Does she look for other work in the area? No. Does she look for a better job in florida? No. She...decides to spend the money she got on flying to new jersey to go to our second cousin's wedding this weekend. She hasn't seen this second cousin in like 5 years, they hardly know each other, and I just can't stop reading her facebook posts about how excited she is to come. Is there any way I can break her delusion? Get her to fix her life? She's gonna sit at my table at the wedding, not sure I'm going to avoid bringing up her absurd life decisions the whole time. Her father is his own story - his share of the inheritance went to fancy rims for his car. Her brother isn't exactly rolling in it, but he figured out that he had to leave neverland and not follow his dad's example for anything.
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Sep 14, 2016 16:36
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MrKatharsis posted:In my first real grown up job, spending half your annual salary on a car was normal and expected. Normal, expected and BWM.
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Sep 14, 2016 16:37
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I think he'll be in for a surprise when he tries to get an unsecured personal loan for $12k on that income.
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Sep 14, 2016 17:26
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Walt, spending more than half of gross income on a car is BWM? What if they carry no debt, and have sufficient savings?
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Sep 14, 2016 17:29
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I might just reveal myself as BWM here, but spending 1/3 or so of your income on a new economy car doesn't seem like a terrible idea, especially because of how much longer cars last and how slowly they depreciate nowadays. When I was looking recently, 2-year old cars were only $1500 cheaper than the same thing brand new with the whole factory warranty ahead of it.
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Sep 14, 2016 17:30
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Subjunctive posted:Walt, spending more than half of gross income on a car is BWM? What if they carry no debt, and have sufficient savings? If they had sufficient savings they wouldn't need a $12,000 loan on a $12,000 car.
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Sep 14, 2016 17:32
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Subjunctive posted:Walt, spending more than half of gross income on a car is BWM? What if they carry no debt, and have sufficient savings? Also it sounds like he wants to take out a personal loan instead of an actual car loan to avoid needing full coverage on his car, which is hilarious in more ways than one. I doubt the bank would let him do it, given his credit score and income, but 
Haifisch fucked around with this message at 17:39 on Sep 14, 2016 |
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Sep 14, 2016 17:36
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Also the part about trying to get a personal loan because if he gets an autoloan he has to have full coverage and there is no way he can handle that additional payment. With no apparent awareness as to why you need full coverage on a car you haven't paid for yet.
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Sep 14, 2016 17:38
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Twerk from Home posted:I might just reveal myself as BWM here, but spending 1/3 or so of your income on a new economy car doesn't seem like a terrible idea, especially because of how much longer cars last and how slowly they depreciate nowadays. When I was looking recently, 2-year old cars were only $1500 cheaper than the same thing brand new with the whole factory warranty ahead of it. It really depends upon the car but there are certain economy cars with very high demand on the used market that depreciate almost linearly, and good dealer incentives/financing that make buying new completely reasonable. Honda Fit was the best example I saw last time I shopped for cars.
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Sep 14, 2016 17:50
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Subjunctive posted:Walt, spending more than half of gross income on a car is BWM? What if they carry no debt, and have sufficient savings? In a vacuum, not really. In this situation, definitely.
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Sep 14, 2016 18:01
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GWM I bought a 2500 car in 2009 that I'm still driving. BWM it gets 18mpg.
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Sep 14, 2016 18:13
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revmoo posted:GWM I bought a 2500 car in 2009 that I'm still driving. BWM it gets 18mpg. I'm hoping the same will hold true for the car I just bought for 4000. Mine also gets roughly the same mpg.  
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Sep 14, 2016 18:17
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Ashcans posted:Also the part about trying to get a personal loan because if he gets an autoloan he has to have full coverage and there is no way he can handle that additional payment. With no apparent awareness as to why you need full coverage on a car you haven't paid for yet. Well, don't be BWD and you'll never have to file a claim or fix your car. Problem solved, buy large son!
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Sep 14, 2016 18:42
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Here's a candidate for Most Astonishing Student Loan Balance:https://www.reddit.com/r/personalfinance/comments/52o6e4/unable_to_obtain_morgage/ posted:26 year old veterinarian started a contracted position at 75k in rural south carolina. I have been applying for pre-approval for mortgages on houses in the 80k range. I can put down a 15k down payment but due to a loan burden of 360k (I know, went to a for profit university). I have tried Wells Fargo, SunTrust and even USSA. They have all said they have to consider 1% of my balance even though my IBR payments is only $460. What can I do? Do I need to wait for a much larger down payment, have a longer element history (started in July), or have my IBR payments on my credit report (I am still in my grace period). Just somebody tell me there is still some hope since these laws changed while I was already 2 years deep into my program. They have a good income in a low COL area, but it seems like they plan to make IBR payments and let the balance rise, while they take on more debt for a mortgage.
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Sep 14, 2016 18:43
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At that point, other than suicide as a solution, I would think that person needs to: -Pay the minimum forever -Rent forever, using referrals from friends/family -Never get married Or I guess go in to public service and save for the huge tax bill/pray President Michelle Obama cancels student loan debt in 2024?
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Sep 14, 2016 18:49
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Leon Trotsky 2012 posted:She goes every two weeks and has about 2 months of back expenses she thought her insurance would cover before they finally got back to her with a denial. The total is around $2,200. I could say that at least she gets a hard-earned lesson, but I suspect these sort of people don't learn.
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Sep 14, 2016 18:49
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revmoo posted:GWM I bought a 2500 car in 2009 that I'm still driving. BWM it gets 18mpg. You should use your time machine to get rich betting on sports like Biff
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Sep 14, 2016 18:52
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Moneyball posted:At that point, other than suicide as a solution, I would think that person needs to: I was thinking there would be no public service jobs for veterinarians, but then I remembered the number of Toronto police I see on horseback. So at least here there are. Canadian police: BWM.
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Sep 14, 2016 18:59
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John Smith posted:I could say that at least she gets a hard-earned lesson, but I suspect these sort of people don't learn. Nope. As of yesterday, she was figuring out how to continue paying for her sessions with this guy and if it would be possible to get a lawyer involved if they continue to deny her. She's convinced that because the naturopath is "a doctor" that insurance should cover his treatment. I don't know why she can't gargle olive oil at home for free. She's a huge "crunchy" person who makes tons of terrible health and science decisions. One of my cousins is an opioid addict and she thinks it is because she let him get too many vaccines at once as a baby. This doctor is apparently her dentist and doctor. He is also a chiropractor. I was supportive of her, but sceptical of whether she needed to keep going. She just kept telling me that she feels way better than she ever has and that the olive oil keeps you from getting cavities *BUT THE DENTISTS DON'T WANT YOU TO KNOW THAT* because it is how they get their money. "How come skulls from ancient humans before dentists have all of their teeth, but we can't keep ours for 15 years with fluoride (a toxin) and professional visits every six months?" Her sister (my aunt married into the family, so her sister isn't technically related to me) also sells crystals for healing and balance. She turned her onto this naturopath and combined with being into crunchy things for 20+ years she is determined to keep going and is just going to work around the costs.
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Sep 14, 2016 19:11
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Trillian posted:I was thinking there would be no public service jobs for veterinarians, but then I remembered the number of Toronto police I see on horseback. So at least here there are. Canadian police: BWM. I just checked and there are a dozen vet jobs on USAjobs.gov (US government recruitment site) for positions with both the Army and the Department of Agriculture. So that's a thing they could do.
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Sep 14, 2016 19:15
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Leon Trotsky 2012 posted:
Mutahfuckin Ugg Maklug wasn't eatin 20 pounds of no fuckin cocoa puffs and slathering all the wooly mammoth meat in ketchup, his rear end wasn't getting cavities
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Sep 14, 2016 19:20
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Also he was dying in his 20's and early 30's due to a variety of reasons
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Sep 14, 2016 19:22
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Leon Trotsky 2012 posted:Nope. As of yesterday, she was figuring out how to continue paying for her sessions with this guy and if it would be possible to get a lawyer involved if they continue to deny her. The funny thing is, the fact he's a 'doctor' doesn't matter in the least. A lot of doctors don't accept certain insurance or are out-of-network. Her only hope would be if the doctor claimed to be in her insurance network - but it sounds like she paid in full and then submitted her own claims.
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Sep 14, 2016 19:23
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pathetic little tramp posted:Mutahfuckin Ugg Maklug wasn't eatin 20 pounds of no fuckin cocoa puffs and slathering all the wooly mammoth meat in ketchup, his rear end wasn't getting cavities Trust me, I know. I try to gently convince her it isn't a good idea, but she is really into all this stuff and it's her money. She also keeps saying that she hasn't felt this good in her entire life before and that crystal therapy and oil-pulling are the only things that make her feel healthy. My cousin has an opioid addiction and her Dad died during chemo. She was already very crunchy and into alternative medicine, but she pretty much dove headfirst into 100% natural treatments after those. She doesn't trust dentists or doctors and says she feels good and wants to continue feeling good. I don't really know what to do about it.
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Sep 14, 2016 19:29
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Leon Trotsky 2012 posted:Trust me, I know. I try to gently convince her it isn't a good idea, but she is really into all this stuff and it's her money. She also keeps saying that she hasn't felt this good in her entire life before and that crystal therapy and oil-pulling are the only things that make her feel healthy. Have her make you her beneficiary on her life insurance policy?
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Sep 14, 2016 19:39
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Leon Trotsky 2012 posted:I was supportive of her, but sceptical of whether she needed to keep going. She just kept telling me that she feels way better than she ever has and that the olive oil keeps you from getting cavities *BUT THE DENTISTS DON'T WANT YOU TO KNOW THAT* because it is how they get their money. "How come skulls from ancient humans before dentists have all of their teeth, but we can't keep ours for 15 years with fluoride (a toxin) and professional visits every six months?" Wait is the dentist suggesting ancient humans gargled with olive oil?
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Sep 14, 2016 19:43
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Leon Trotsky 2012 posted:She was already very crunchy and into alternative medicine,
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Sep 14, 2016 20:50
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Nocheez posted:What does "crunchy" mean in this context? I've never seen it before, but it sounds like it means "new age", or into lots of woo. It's a gag on granola. I've heard it as a joke about their hair too, since they tend not to like shampoo with chemicals in it. Someone really strongly into alternative medicine, conservation, environmentalism. Urban dictionary has it: http://www.urbandictionary.com/define.php?term=crunchy
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Sep 14, 2016 21:00
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Krispy Kareem posted:Her only hope would be if the doctor claimed to be in her insurance network - but it sounds like she paid in full and then submitted her own claims. In which case the network status of the doctor is not very relevant.
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Sep 14, 2016 21:06
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Moneyball posted:At that point, other than suicide as a solution, I would think that person needs to: Option 4: Marry into wealth That's historically been the best investment
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Sep 14, 2016 21:16
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Struensee posted:In other words, she was found out. What happens if they don't find out? She never tells them? She would have kept going. She looks dishonest because she is. Also retarded for trying to get away with it.
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Sep 14, 2016 21:22
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Trillian posted:I was thinking there would be no public service jobs for veterinarians, but then I remembered the number of Toronto police I see on horseback. So at least here there are. Canadian police: BWM. During the holidays there's a mall near here that I guess pays the police to sit on horses at the entrance to the parking lot... uh... not... doing anything? Like I never saw them move and the horse had accumulated a little poo poo pile and looked super bored and I'm not sure what they'd even be able to do since it wasn't near the entrance (for tackling people on foot) and I don't think the horse would do much against a car leaving the parking lot...
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Sep 14, 2016 21:26
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canyoneer posted:Option 4: I can't remember if I was linked by this thread, or by searching for personal finance advice, but this one guy on youtube has a few videos about this. https://www.youtube.com/watch?v=FXIqtVBZfns For example. Sometimes he has a point, and even insightful advice at times, but his general tone screams basement dwelling misogynist with nice guy syndrome who is constantly thinking "vapid cunts!" But here he is talking about girls who own horses. https://www.youtube.com/watch?v=yBKA42E3yKc
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Sep 14, 2016 21:37
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