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Just posting the titles:quote:2nd mortgage or 401k loan for CC payoff? quote:I've been balance transferring my CC debt to 5 different cards and just noticed I am somehow 8k down. How does 0% = 8k? quote:What is the best move? Timeshare direct from developer or from Reseller? Possible easy money, but need decision quick. quote:I got an $11 pay check for a full week of work (self.personalfinance) quote:Wanting to pledge a college fraternity but have no money to pay for dues, what can I do? quote:Why does everyone recommend putting their money in a 401k if the government can keep increasing the taxes on it, so that by the time you retire you've lost money? This is a full one and is pretty weird, but it has one of my favorite titles of all time. quote:My financial consultant needs financial help. Request for serious advise. (US) The terrible "both sides say things, but I am an independent thinker and therefore the truth must be exactly in the middle" fallacy applied to MLMs. quote:Thoughts on Lularoe as a viable income? Leon Trotsky 2012 fucked around with this message at 21:07 on Dec 19, 2016 |
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Dec 19, 2016 20:53
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Leon Trotsky 2012 posted:The terrible "both sides say things, but I am an independent thinker and therefore the truth must be exactly in the middle" fallacy applied to MLMs. Their primary product is patterned leggings, available in two-size-fits-all. It's the very definition of a trend, selling the womens fashion equivalent of those 80's patterned M.C. Hammer pants. Even if there are people making 6 figure incomes selling it now, that's not gonna last. The market could become completely flooded if you start seeing them at Target or Gap or wherever else the moms are shopping these days. Or the trend falls out of fashion and then the demand is gone.
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Dec 19, 2016 21:28
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Ha! An MLM preying on the Black Milk style broken ladies that define themselves through buying way too much quirky clothing market. Whoevers at the top of that pyramid is pretty drat smart.
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Dec 19, 2016 21:37
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When I hear that someone is a fan of lularoe, I make serious judgements about their intelligence and their appearance.
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Dec 19, 2016 21:42
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Leon Trotsky 2012 posted:timeshare At the risk of bringing the wrath of the bird, do these ever make financial sense? I haven't looked closely into into the prices, but everything I've seen tells me they cost relatively the same amount as getting a hotel/VRBO would cost, but you're limited to that one location/chain/whatever.
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Dec 19, 2016 21:43
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BeastOfExmoor posted:At the risk of bringing the wrath of the bird, do these ever make financial sense? I haven't looked closely into into the prices, but everything I've seen tells me they cost relatively the same amount as getting a hotel/VRBO would cost, but you're limited to that one location/chain/whatever. That and also paying maintenance fees that regular guests aren't paying.
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Dec 19, 2016 21:50
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My wife knows at least 4 women that sell lularoe. she likes the tights and shirts and whatever and she's bought a couple, but it's really weird how excited they all get about it.
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Dec 19, 2016 21:51
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Leon Trotsky 2012 posted:Financial consultant condolences There's got to be something psychological about money and the people you hire to manage it. My CPA is awful. Absolutely terrible. I had an issue with a stock sale that she bungled costing me 5k in taxes. When she refiled she charged me $150 and acted like it was my fault for not knowing how the in's and out's of Employer Stock Incentive Programs. And I had specifically told her I didn't think we were filing this correctly and are you sure we're filing this correctly at the time. And yet I still feel sorry for her and don't want to fire her. I'm totally firing her, but I'm dreading the call when she asks when I'm bringing my tax paperwork over.
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Dec 19, 2016 21:51
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BeastOfExmoor posted:At the risk of bringing the wrath of the bird, do these ever make financial sense? I haven't looked closely into into the prices, but everything I've seen tells me they cost relatively the same amount as getting a hotel/VRBO would cost, but you're limited to that one location/chain/whatever. Timeshares are pretty much never worth it, unless you are the developer that has built them. Some people buy them as "investments" and they are never able to be resold for more than purchase price; Literally never. They cost about the same as a regular hotel, but you pay for maintenance fees (usually a couple hundred a year), so you can't even do the "paid off house" scenario where it makes sense after 30 years. Plus you're locked into a specific date range and specific units and if you can't make it one year, then you are just out the cost. The only semi-reasonable advantage to a time-share is that some facilities are built and structured as being only available to time-share members (Disney has several) and they are way more expensive than a normal hotel, but the only way to get in is to buy the timeshare or buy from someone that owns one. Buying a timeshare is never the most cost-effective option in any scenario.
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Dec 19, 2016 21:55
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BWM: Getting engaged GWM: Going in to buy an engagement ring with a fixed upper limit. Maybe GWM: Deciding to finance it for a year at 0% anyway GWM: Setting an upper limit on wedding costs so that everyone can be covered without going into debt. GWM: Spending three months living under a tight budget to keep $1000/mo going into the wedding fund. GWM: Consolidating 2 student loans into one loan with a lower interest rate. GWM: Getting dumped, freeing up the money out of the wedding fund. GWM: Spending the wedding fund money to pay off another student loan. BWM: Paying off the ring financing early because it's depressing to see a statement for it each month. BWM: Having a ring that can sell for probably at best 1/3 what was spent on it. I guess if you tally it up, I've still got more GWM's than BWM's in the last few months.
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Dec 19, 2016 22:55
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GWM: frozen dinner for one + tap water
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Dec 19, 2016 22:59
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You may be able to use the same rock for the next candidate. Tell everyone you sold it, put it somewhere safe, and get it reset when the time comes. Assuming it's a standard round or princess cut, nobody will know the difference.
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Dec 19, 2016 23:09
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Electrical Fire posted:GWM: frozen dinner for one + tap water Look at the sultan, with his fancy microwave and watt-hours to spare 
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Dec 19, 2016 23:23
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Leon Trotsky 2012 posted:Just posting the titles: Can you pretty please post the link to this one?
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Dec 19, 2016 23:41
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BeastOfExmoor posted:At the risk of bringing the wrath of the bird, do these ever make financial sense? I haven't looked closely into into the prices, but everything I've seen tells me they cost relatively the same amount as getting a hotel/VRBO would cost, but you're limited to that one location/chain/whatever. Timeshares can make sense compared to a normal hotel for some customers. Leasing a new car instead of buying it can make sense for for some customers too. Some of the underlying assumptions that get you there are varying degrees of bad with money or bad with life choices. In both cases, there's a very narrow set of criteria where the customer is better off buying the timeshare or leasing the car, but that applies to very few people who actually do it. Most people are getting screwed.
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Dec 20, 2016 00:07
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Just tell potential finances that diamonds are actually really common and that their cost is only due to a monopoly. Fake e: my phone autocorrects fiance, that should let you know where I stand on this subject.
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Dec 20, 2016 00:23
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JohnGalt posted:Just tell potential finances that diamonds are actually really common and that their cost is only due to a monopoly. Cause your username JohnGalt wasn't enough of a giveaway?
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Dec 20, 2016 01:12
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JohnGalt posted:Just tell potential finances that diamonds are actually really common and that their cost is only due to a monopoly.
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Dec 20, 2016 01:45
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Good job, America. We'll be great again in no time. http://www.usatoday.com/story/money/cars/2016/11/27/record-number-car-buyers-upside-down-trade-ins/94506786/ quote:DETROIT -- The wave of easy credit and longer auto loans has left a record percentage of consumers trading in vehicles that are worth less than what they owe on their loans.
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Dec 20, 2016 02:33
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Leon Trotsky 2012 posted:
Doesnt Disney buy back all timeshares and 'points' that are being sold so they can artificially keep the price high? Timeshares are so bad with money. So so bad.
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Dec 20, 2016 02:47
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34k worth of car is... a lot of car. Or a very average truck.
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Dec 20, 2016 03:05
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MrKatharsis posted:Good job, America. We'll be great again in no time. I am glad that I bought a used car with cash. There is a girl in my office that doesn't really understand how her car payments work. I can't remember the exact conversation that happened a few days ago, but she didn't really understand what principle was or how some of her payment went to principle and the some went to interest. The office manager and I were saying she might want to refinance because when she bought the car her credit was in much poorer shape.
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Dec 20, 2016 03:15
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sparkmaster posted:34k worth of car is... a lot of car. I just spent two weeks driving around in $60k worth of brand new SUV due to a work project, then came home to my 16yo (in great shape and paid off since I drove it home) Toyota. I'd be lying if I said I didn't have intense new car envy now. I think it was the heated seats.
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Dec 20, 2016 04:15
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Sirotan posted:I just spent two weeks driving around in $60k worth of brand new SUV due to a work project, then came home to my 16yo (in great shape and paid off since I drove it home) Toyota. I'd be lying if I said I didn't have intense new car envy now. I think it was the heated seats. Did it have the AC blowers on your butt?
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Dec 20, 2016 04:16
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JohnGalt posted:Did it have the AC blowers on your butt? Possibly, but I was up in the northern LP and middle UP of Michigan so didn't have much use for AC. Lane Assist tho was some almost magical poo poo.
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Dec 20, 2016 04:23
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JohnGalt posted:Did it have the AC blowers on your butt? This is what almost got me to buy a new ford.
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Dec 20, 2016 04:45
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sparkmaster posted:34k worth of car is... a lot of car. $34k is either a stupid amount of car or getting terribly overcharged for features which should be standard on the entry level trim. I was car shopping last year and cruise control and AC not standard is once again a thing? Folks are getting robbed. I bought a Mazda3 base trim. Power everything, decent infotainment system, backup cam, traction control, good air bags, cruise control, AC (that will run with heater on, v important), remote keyless entry, all standard to the drat entry level vehicle for $18k. No remote start available for stick shift but I never used that much anyway. No heated seats available, but i didn't miss them yesterday when it was -6 so I don't think I will. The only thing not available on this car that I would actually use is the smart seat setting for where you have multiple drivers. I didn't see lane monitoring stop the Escalade that had to pass on the right and then immediately slow down to 25 on the freeway today because there was no room, and it didn't seem to help the guy who decided to get into the right lane right where traffic was merging onto the interstate either. People already know what they're supposed to do, they just don't care, as evidenced by every motherfucker cruising in the passing lane while people stack up behind him. It's still people financing status symbols they can't afford that mean nothing.
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Dec 20, 2016 05:09
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Spermy Smurf posted:Timeshares are so bad with money. So so bad. What about vacation ownership? I went to the Wyndham sales pitch gimmick and thought it almost made sense if we dedicated ourselves to a vacation every year. I could justify affording to finance the buy price and the yearly maintenance fee but felt I was not quite well off enough to pull it off and when they mentioned that you could sell your points if you got tired of it I thought it may be better off to buy the points off someone else. Someone in our group bought the package. I probably wouldn't buy it unless I could drop the $60k or so like it wasn't a big deal.
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Dec 20, 2016 05:42
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Crazy Mike posted:What about vacation ownership? I went to the Wyndham sales pitch gimmick and thought it almost made sense if we dedicated ourselves to a vacation every year. I could justify affording to finance the buy price and the yearly maintenance fee but felt I was not quite well off enough to pull it off and when they mentioned that you could sell your points if you got tired of it I thought it may be better off to buy the points off someone else. Vacation Ownership is a weasel word that means timeshare ever since timeshare became tainted once people figured out it was a scam. Or is that the joke you're making, I can't tell
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Dec 20, 2016 06:08
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sparkmaster posted:34k worth of car is... a lot of car. I'm in the upper quartile of incomes and paid $20k for my new car and I still feel bad about that jesus christ America how are you spending so much money on cars 
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Dec 20, 2016 06:10
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well if you factor in my vacation equity...
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Dec 20, 2016 06:44
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ate all the Oreos posted:I'm in the upper quartile of incomes and paid $20k for my new car and I still feel bad about that jesus christ America how are you spending so much money on cars I have no idea, I make pretty good money too and spent less than that on my car (which is now 10 years old and will be driven into the goddamn ground like they should be.)
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Dec 20, 2016 06:44
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I don't get cars. I seriously don't. I cannot imagine spending such a huge portion of my paycheck on a car payment just so I can own something that will cost me more on insurance. I'm a lunatic on the other end of the spectrum and drive a 21-year-old Corolla, but jesus, there's plenty of middle ground people can occupy without paying $700 a month in car payments.
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Dec 20, 2016 07:01
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Sundae posted:I don't get cars. I seriously don't. I cannot imagine spending such a huge portion of my paycheck on a car payment just so I can own something that will cost me more on insurance. I feel the same. It boggles my mind that I could buy two new Honda Fits for less than the average cost of one new car. That's twice the number of cars we need as a one-car household too.
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Dec 20, 2016 07:03
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I've got a friend who is probably bad with money but earns a lot. He just bought a $50k Ford Focus RS. I won't lie, that thing is extremely fun to ride in. But gently caress paying $50k +insurance for a daily driver unless you're making multiple hundreds of thousands a of dollars a year. I'll be rocking my 1990s car and a bicycle until they fall apart. E: He had a 2014 WRX for two years before the RS. The man likes fast AWD cars.
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Dec 20, 2016 08:12
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Sundae posted:I don't get cars. I seriously don't. I cannot imagine spending such a huge portion of my paycheck on a car payment just so I can own something that will cost me more on insurance. Like I get it if they're your hobby, my dad repairs old cars and pours a ton of money into them but he's actually rebuilding them from the ground up and stuff. It's fine to spend money (that you can afford) on something you're really into but I just don't get why everyone needs to drive an SUV or truck to their office job every day 
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Dec 20, 2016 09:47
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Look some people have a medical condition that can only be treated with penis extenders. Don't judge.
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Dec 20, 2016 10:53
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meatpotato posted:I've got a friend who is probably bad with money but earns a lot. He just bought a $50k Ford Focus RS. I won't lie, that thing is extremely fun to ride in. But gently caress paying $50k +insurance for a daily driver unless you're making multiple hundreds of thousands a of dollars a year. I'll be rocking my 1990s car and a bicycle until they fall apart. How do you even pay $50k for any style of Ford Focus, let alone a hatchback? I just checked and the base model price is $37k.
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Dec 20, 2016 12:39
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Sirotan posted:How do you even pay $50k for any style of Ford Focus, let alone a hatchback? I just checked and the base model price is $37k. The Focus RS is a limited edition sports car that has little in common with the better known economy hatchback other than the chassis, it has like 3 times the horsepower of the lowest powered 123 hp ecoboost engine.
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Dec 20, 2016 12:58
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ate all the Oreos posted:I'm in the upper quartile of incomes and paid $20k for my new car and I still feel bad about that jesus christ America how are you spending so much money on cars
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Dec 20, 2016 13:31
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