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Sell the horse and just tell them it destroyed a fence and ran away like it seems to want to do, problem solved
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Nov 7, 2016 15:40
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John Oliver on MLMs https://youtu.be/s6MwGeOm8iI
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Nov 7, 2016 15:40
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Spermy Smurf posted:Horse timeshare equity! She should have just found another crazy person to buy her share of the horseshare, then she could have had that $2500 in hand and her mother/sister would make a new crazy horsefriend with their co-owner.
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Nov 7, 2016 16:11
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Alright, personal life instead of just finding randos on the internet to make fun of. Marriage is weird so: Hubbo has a friend who works as an independent contractor/consultant, makes a comfortable living, seems reasonable. Then I hear how she's "classified" as an escort, for "tax purposes." No one can give me the details on this; I'm 100% sure she does no sex work (she converted to Catholicism) and have tried to make the case that there's no tax advantage to pretending to have a profession which is ostensibly not legal and typically subject to a lot of audits, but deaf ears. Maybe she advertises as an escort? But checking her business page, no. All I can guess is that's what she puts on an IRS form somewhere. I try not to think about it too often. All your health problems can be solved with crystals and essential oils. She has gotten some benefit from these things, and it was after trying moderately extensive medical treatment by actual doctors. She hates seeking medical care because she feels it hasn't done much for her in the past and it's very expensive (she buys her own health insurance on the exchange for obvious reasons and ends up with huge deductibles and coinsurance). I can't argue with either of those points because some people do everything right and still have that problem. However, she dumps thousands into essential oils and yoga/business coaching "retreats." The latest "retreat" was 3 weekends and was either $3k or $6k. I told her she didn't need a retreat to practice yoga, which she does on the regular anyway. I said I didn't think she needed much coaching since by most common metrics her business is successful, but if she did, there's better ways to get it than a yoga retreat. Then it comes out that it's a confidence thing, you know. So they take people (women, it's for women only) who are insecure about their business acumen and tell them if they go on this "retreat" (weekend classes) that they'll be more confident and able to run their business. She won't trust me when I say that even if the $200 essential oil supplement truly is 100% the substance you think you're buying, that doesn't make it safe. I have told her so many times that natural poisons exist, and lots of these natural remedies are metabolized by the liver, so if your tendency is to start with a bottle of wine every Saturday it's not the safest thing to do. It doesn't matter, because she's found something that helps her and real medicine couldn't do that. Some of the granola is to help with chronic pain after a car accident. She can't run anymore, so I suggest a PT to either get her back to running or get alternative exercises she can do. No, she's just going to go to the chiropractor, buy this Shakeology off her girlfriend who sells it and do the strenuous-if-you-are-sedentary exercises included in the shake plan (which put her in more pain). The cherry on top is Itex. It's not bartering, she says! Google begs to differ. Well, there might be some aspect of bartering, but it could help out a small business with cash flow problems! Her boyfriend says if you're having cash flow problems, you should probably fix it by doing work for real money and not massage gift certificates. I said that even a couple months of getting your necessary business functions completed isn't going to solve the cash flow problem, and if your business can't pay for these things, you can't afford your small business. I just don't know about running a small business, she says. Then it comes out that of the few merchants who accept this trash, most of them set a maximum amount per year (and probably per service) that they will accept. With any "alternative currency" there's always a real risk that whoever offered the service is going to go belly-up before you redeem your FakeBux, but they just get it right out in front that their merchants are likely to stop taking it at any time. It's $400 to register for this system and the transaction fee is 6%. I'm mad that I didn't think of it first. It takes some chutzpah to invent something like this with Bitcoin already floating around and to actually get buy-in. She is considering doing some work for someone for this crap in exchange: she estimates her cost at $200 which I'm sure is low, and in return she's going to get enough Itex to get her house painted, which would normally run about $6k. She's not a stupid or incapable person. It's frustrating to see people have their insecurities played like a fiddle just so someone else can make a buck.
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Nov 7, 2016 17:18
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NancyPants posted:Then I hear how she's "classified" as an escort, for "tax purposes."
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Nov 7, 2016 17:35
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What do you mean "classified"? As in, registered business?
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Nov 7, 2016 17:50
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Nitrox posted:What do you mean "classified"? As in, registered business? That's what I keep trying to find out.
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Nov 7, 2016 18:24
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Spermy Smurf posted:Horse timeshare equity! I like how the OP basically said six months ago to sister, "I'm walking away from this in six months" and now that fact that warning was given is acceptable justification to back out of the problem situation they have mutually purchased. BEHOLD: MY CAPE fucked around with this message at 18:52 on Nov 7, 2016 |
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Nov 7, 2016 18:44
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Bad With Money: if you're having cash flow problems, you should probably fix it by doing work for real money
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Nov 7, 2016 19:15
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This can only end well:quote:How to consolidate 401ks to save my marriage?
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Nov 7, 2016 19:16
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The next week: "Hey hubby, how did you afford a $72,000 car?" ... "Oh, I got a big bonus at work"
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Nov 7, 2016 19:21
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Uncle Enzo posted:Bad With Money: if you're having cash flow problems, you should probably fix it by doing work for real money I thought I was going to die laughing when the guy said it for real, but having this as a thread title would make my month.
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Nov 7, 2016 19:23
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BEHOLD: MY CAPE posted:I like how the OP basically said six months ago to sister, "I'm walking away from this in six months" and now that fact that warning was given is acceptable justification to back out of the problem situation they have mutually purchased. Based on the rest of the post, I think she wanted to sell the horse but the sister didn't want to, so she gave her sister 6 months to figure something out. I think that's pretty reasonable, considering that if she were feeling litigious, she could have just dissolved the partnership, forcing the horse to be sold so its worth could be split between the three of them.
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Nov 7, 2016 19:28
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slap me silly posted:The next week: "Hey hubby, how did you afford a $72,000 car?" ... "Oh, I got a big bonus at work" Other than the potential financial abuse, the thing that stuck out to me was the thought process of: 1) Money in two accounts won't grow as fast (growth is %-based, they would be the same assuming the same investments.) 2) We can't roll it over into one account 3) Okay, let's lose 35-40% of the money on taxes and penalties, lose future gains to cap gains taxes, and then put the money in two different accounts anyway. 4) This will save money. and this is not even getting into the fact that "money has been a consistent problem" and the solutions to that problem are: 1) Lose half your income 2) Lose half your 401k and 20% of future gains 3) Give responsibility for managing the money to someone who doesn't know how percentages work 4) Have a baby Leon Trotsky 2012 fucked around with this message at 19:36 on Nov 7, 2016 |
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Nov 7, 2016 19:33
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NancyPants posted:I thought I was going to die laughing when the guy said it for real, but having this as a thread title would make my month. Sadly, it's way too long. Thanks, radium!
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Nov 7, 2016 19:42
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slap me silly posted:Sadly, it's way too long. Thanks, radium!  well thanks for considering it
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Nov 7, 2016 19:43
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401k consolidation lady is why I love this thread.
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Nov 7, 2016 19:49
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This might be the shortest post to ever hit BWM bingo.quote:19, Engaged, Want to Buy a House
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Nov 7, 2016 19:54
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My wife and I's finances are very, very conjoined but even we still have separate retirement accounts. Why in the world wouldn't she just roll her money into an IRA with (say) Vanguard, sink it in a target-date fund, and forget about it? My wife just recently did this and it's an online signup, a phone call, and forwarding a check. Easier than getting utilities switched over. Who does this dude think he is to be "managing" anyone's money anyways? I "manage" my retirement funds by putting money into them every paycheck and logging in and looking at the balance a couple times a year. If your money is in index funds or equivalents (and if not you're an idiot) you only need to peek every now and then, assuming you're not close to retirement. 72k is a pretty drat good balance for someone young enough to be having kids. I wish I had that much.
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Nov 7, 2016 19:54
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I think this is where the wife starts going by Mrs. Husbandsfirstname Husbandslastname for the next 30 years until she has no separate identity.
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Nov 7, 2016 20:05
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Krispy Kareem posted:I think this is where the wife starts going by Mrs. Husbandsfirstname Husbandslastname for the next 30 years until she has no separate identity. Some of my inlaws send my wife birthday cards addressed that way. It's so loving weird.
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Nov 7, 2016 20:07
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quote:Parents have a lot of credit card debt, along with a substantial 401K. Need advice.
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Nov 7, 2016 20:07
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Leon, where are you finding these? I really wanted to read the thread on the wife that wanted to give her husband her 401k but I couldn't find it on Reddit.
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Nov 7, 2016 20:10
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Leon Trotsky 2012 posted:This can only end well: Wait, so they are going to cash out the 401k, distribute it into a joint checking or savings or something, and then he's going to open an individual brokerage account? I hope they post the name of the FA that helps them do that so I can report the loving idiot. I know they'll probably just do it on their own, but holy poo poo.
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Nov 7, 2016 20:22
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I bet the husband plans on making up for his wife's lost income by using the combined 401k account to day trade. It will all end poorly.
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Nov 7, 2016 20:33
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It would still be two accounts because you still can't merge a 401k account with a taxable account.
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Nov 7, 2016 20:38
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Droo posted:Leon, where are you finding these? I really wanted to read the thread on the wife that wanted to give her husband her 401k but I couldn't find it on Reddit. Most recent one is the OP and comments from this Reddit thread. https://www.reddit.com/r/personalfinance/comments/5bmi5p/parents_have_a_lot_of_credit_card_debt_along_with/ The other two are from bogleheads.org forums and I'll edit in the links to them when I'm not phone posting at work.
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Nov 7, 2016 21:05
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This one isn't the worst thing in the world, but the tone and bolded sentence made me laugh. https://www.reddit.com/r/personalfinance/comments/5blolm/teenage_boy_doesnt_know_how_to_handle_money_help/ quote:Teenage boy doesn't know how to handle money HELP PLEASE Edit: Doh, meant to edit this into the last post. https://www.reddit.com/r/personalfinance/comments/1k2e07/in_debt_for_160k_student_loans_and_im_buying_a/ quote:In debt for $160k (student loans) and I'm buying a $300k 1br condo. Sounds great, right? Leon Trotsky 2012 fucked around with this message at 21:21 on Nov 7, 2016 |
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Nov 7, 2016 21:10
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I made up a 5x5 BWM bingo card, for those of you interested in playing a little game. Maybe make it a stipulation that you can't get credit for stories you post, as one could fill their card out pretty quickly. Send me email addresses and I will send you Moneyball fucked around with this message at 21:40 on Nov 7, 2016 |
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Nov 7, 2016 21:38
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She could pay off all her student loans in three years equivalent housing costs just by staying at home. No one wants to live at home but I'd say that sacrifice is worth it. She should easily be able to land a dude that has a place with a good job like that. They could split rent and she would only be out $500 a month. She doesn't give much bf details but he probably lives at home and is a goon.
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Nov 7, 2016 21:45
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Moneyball posted:I made up a 5x5 BWM bingo card, for those of you interested in playing a little game. Maybe make it a stipulation that you can't get credit for stories you post, as one could fill their card out pretty quickly. Suggestions / Guesses: - Horses (Free Space) - "I'm fairly confident my income will double in the next year / will keep rising at the same rate forever." - Bitcoin - 401k loan - 6-figure weddings - "Once in a lifetime opportunity" - Obvious MLM - Spouse / Family is ruining life and OP has no backbone - Gold - ForEx - Truck Equity - "Renting is just throwing money away!" - Having a baby to fix money / relationship problems - "Is it a scam / illegal to... (obviously a scam / illegal thing)" - "I've hit rock bottom; how fast should I keep digging?" - "It's not really debt if you do it for ~*memories*~" - "How much stock should I buy on margin?" Leon Trotsky 2012 fucked around with this message at 21:50 on Nov 7, 2016 |
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Nov 7, 2016 21:47
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I'm now feverishly rooting through the bogleheads forums trying to find 401k consolidation lady. edit: "Follow your dreams." Nail Rat fucked around with this message at 21:57 on Nov 7, 2016 |
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Nov 7, 2016 21:53
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Droo posted:Some of my inlaws send my wife birthday cards addressed that way. It's so loving weird. I get that most people aren't exposed to formal correspondence anymore, but it's only very recently that it's been polite and acceptable to address a married woman as Mrs. Jane Doe rather than Mrs. John Doe. Your in-laws are not weird or trying to be weird. They are following long-standing proper social etiquette and norms for the situation. I have to assume in an effort to be polite.
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Nov 7, 2016 21:56
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Leon Trotsky 2012 posted:Suggestions / Guesses: Six already accounted for. But I forgot weddings!
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Nov 7, 2016 22:03
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-Buying a house AND one or both partners quitting their job with nothing else lined up AND having a baby all in the same year -Negative truck equity -Day trading -Collectibles budget $500/mo or more -Cashing in a pension -Any kind of timeshare of anything at all -"An Investment Opportunity"
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Nov 7, 2016 22:04
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Droo posted:Some of my inlaws send my wife birthday cards addressed that way. It's so loving weird. Start replying to them that you're very flattered that they accept your new trans identity but your birthday isn't this month at all
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Nov 7, 2016 22:48
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Motronic posted:I get that most people aren't exposed to formal correspondence anymore, but it's only very recently that it's been polite and acceptable to address a married woman as Mrs. Jane Doe rather than Mrs. John Doe. Your in-laws are not weird or trying to be weird. They are following long-standing proper social etiquette and norms for the situation. I have to assume in an effort to be polite. I mean yeah it's not like they're just making it up out of thin air but it's still pretty weird and antiquated. Almost feels one step away from them not speaking directly to your wife while you're present because that was also acceptable polite social etiquette in the past.
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Nov 7, 2016 22:53
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My wife immediately terminates any phone call where she is referred to as Mrs. [my last name].
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Nov 7, 2016 23:52
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ate all the Oreos posted:I mean yeah it's not like they're just making it up out of thin air but it's still pretty weird and antiquated. Almost feels one step away from them not speaking directly to your wife while you're present because that was also acceptable polite social etiquette in the past. It's in no way acceptable etiquette to do that kind of thing in person now. But for formal correspondence (for most people read: wedding invitations and such) it's still considered the proper way to do things by most people who proclaim to be the keepers of these things. I'm making no judgement either way, just passing on cultural observations. Please do not shoot the messenger.
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Nov 8, 2016 00:36
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cowofwar posted:My wife immediately terminates any phone call where she is referred to as Mrs. [my last name]. My mom kept her name when she married which made phone calls from telemarketers and such fun growing up: "Hello, may I speak to Mr. [mom's last name]?" "Sorry, there is no one by that name here." And when I dad did the at-home-dad thing after my siblings were born: "Hello, may I speak to your mother?" "She isn't here." (they never thought to ask if my father was home)
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Nov 8, 2016 01:43
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