Bad w/ Money: I just paid for a fat bitches Electric Cock Zapping Sex Toy in Kentucky

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Bad w/ Money: I just paid for a fat bitches Electric Cock Zapping Sex Toy in Kentucky

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Shame Boy: Mar 2, 2010

Leon Trotsky 2012 posted:

I have not tried soylent and I don't think they would let me bring 60 meals worth of it on the plane. This was an exercise/experiment in desperation, rather than something I willingly took on.

The powdered stuff would probably be fine to take on the plane in powdered form, though I was kidding because you'd probably wind up barfing your guts out and getting mold poisoning or something.

# ? Dec 22, 2016 17:04

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# ? Jun 8, 2024 16:36

Shame Boy: Mar 2, 2010

Leon Trotsky 2012 posted:

This kid is a rare antidote to BWM.

Good on the kid for trying to manage that poo poo early but lol if a 13 year old will be able to handle maintenance of a large website and that sounds like a great way to get sued or something.

# ? Dec 22, 2016 17:06

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

I would give anything to have been 13-years old and earning $1k a month.

I imagine that is what being a billionaire at 30 feels like.

# ? Dec 22, 2016 17:08

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

I want to help my brother commit hundreds of thousands of dollars in tax and bankruptcy fraud. If we do something really criminally stupid, then the judge will assume that it was so stupid that we couldn't have been trying to do it on purpose, right?

quote:

My brother wants to transfer corporate ownership to me before he declares bankruptcy. I'm a student, would this affect me anyhow anyway?

My brother has a business in California, it has been in business for 4 years. The shop has made fairly reasonable good amount of money in an upscale neighborhood in California. Two years ago, under his accountant's advice he has transformed the shop from sole proprietorship to cooperate.

Long story short, he owes a lot of money (over $100k) to various debtors because he lost some employee lawsuits against him. Ultimately, his plan is to keep the business running and he wants to transfer the business title to me prior to declaring bankruptcy so that he can technically "keep the business" under my name. P.S: I don't personally work there, nor do I receive any money/ regular payroll from this entity.

I'm an undergrad student and the only concern I came up is if this would affect my eligibility of financial aid as I'd need to declare my income to school. He comforted me and said as long as I don't declare it to school I'll be fine.

Is there any underlying concerns I missed here? I'd like to help my brother but at the same time, I just don't want any legal matters to affect my studies in any perspectives. I apologize for the vagueness because it is quite a sensitive case. Please advice!

# ? Dec 22, 2016 17:13

monster on a stick: Apr 29, 2013

Leon Trotsky 2012 posted:

I want to help my brother commit hundreds of thousands of dollars in tax and bankruptcy fraud. If we do something really criminally stupid, then the judge will assume that it was so stupid that we couldn't have been trying to do it on purpose, right?

The followup post a few minutes later:

quote:

Thank you Reddit. This sub is amazing! I have gotten my legal advice from you all shortly after 5 minutes of posting. I doubt my brother is trying to set me up for a crime, because we have pretty good relationship, I just think we both are ignorant in this legal matter. Now that I'm aware of the potential damage, I'd remind him to take care of it by himself.

Thanks legaladvice!

https://np.reddit.com/r/legaladvice/comments/5jf986/my_brother_wants_to_transfer_corporate_ownership/

# ? Dec 22, 2016 17:18

WampaLord: Jan 14, 2010

Leon Trotsky 2012 posted:

I would give anything to have been 13-years old and earning $1k a month.

I imagine that is what being a billionaire at 30 feels like.

When I was 16 I made $3,000 by working a summer job.

I felt like I had unlimited money.

# ? Dec 22, 2016 17:18

Teeter: Jul 21, 2005; Hey guys! I'm having a good time, what about you?

at that guy who wants to create his own index fund.

It's like the investment form of when losers get some brilliant idea to make "The best MMO game ever! With Star Wars! And Pokemon! And Supermodels!" except they have no idea how to code, design, illustrate, or run a business in any fashion. Clearly everything in the world is easy, it's just that nobody has made the effort!

# ? Dec 22, 2016 17:22

WampaLord: Jan 14, 2010

Teeter posted:

at that guy who wants to create his own index fund.

It's like the investment form of when losers get some brilliant idea to make "The best MMO game ever! With Star Wars! And Pokemon! And Supermodels!" except they have no idea how to code, design, illustrate, or run a business in any fashion. Clearly everything in the world is easy, it's just that nobody has made the effort!

In his defense, doesn't the Monkeys Picking Stocks index fund routinely outperform managed funds? It's all just legalized gambling, he just had the idea to invent a casino but they're already here.

# ? Dec 22, 2016 17:26

monster on a stick: Apr 29, 2013

WampaLord posted:

In his defense, doesn't the Monkeys Picking Stocks index fund routinely outperform managed funds? It's all just legalized gambling, he just had the idea to invent a casino but they're already here.

I think it's more like "do I need a separate checking account for this?" means he doesn't realize that starting a mutual fund is actually a pretty big deal with tons of regulations around it, so he has no clue about what's actually involved. Not to mention that it doesn't sound like he wants to start an index fund.

# ? Dec 22, 2016 17:34

Randler: Jan 3, 2013; ACER ET VEHEMENS BONAVIS

WampaLord posted:

In his defense, doesn't the Monkeys Picking Stocks index fund routinely outperform managed funds? It's all just legalized gambling, he just had the idea to invent a casino but they're already here.

Yeah, because the random monkey usually manages to create a relatively broad and representative sample of the entire market.

Special index fonds are apparently becoming more and more popular but tend to under-perform overall market index as well. :shrug:

# ? Dec 22, 2016 17:37

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

BWM: Day-trading AOL and WorldCom Stock and losing 60k in one day.

quote:

What is your one important investing lesson / mistake to newbies?

Lost over $60k day trading and in Janus mutual funds.....I still have the loss carry-forwards. It's funny when I occasionally see some of the stocks in the news today that I used to day trade: JDSU, PMCS, WCOMM, and AOL. Brings back bad memories. I still can't believe how stupid I was, but living thru the tech bubble was a surreal experience....seeing the NASDAQ seemingly increase 2% a day, every day.

# ? Dec 22, 2016 17:50

Krispy Wafer: Jul 26, 2002; I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat; Grimey Drawer

Leon Trotsky 2012 posted:

BWM: Day-trading AOL and WorldCom Stock and losing 60k in one day.

Ahhh, WCOMM.

MCI had those pointless Dot Com commercials with employees cruising around cubicles on scooters. When things started going south they kept insisting all was cool because they had 10 billion in the bank. Then there was an audit and it turned out to be more like 4 billion and then it went to 2 billion and then their CEO went to prison.

I couldn't find the scooter commercial, but here's what Millennials should have been called:

https://www.youtube.com/watch?v=7NSJAS7uGDk

# ? Dec 22, 2016 18:03

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

It's almost X-mas and nothing is happening at work, so I am gifting some more BWM.

This is a lovely situation, but I just had to laugh at the fact that this was posted on a finance forum and what the top two responses were:

quote:

18, homeless - No ID

Parents recently kicked me out of my house a week after graduating highschool - due to increased tension in their marriage and other factors. Basically I was told to get the gently caress out, was given my birth cirtificate, SS card, and passport. The next day while visiting my school counselor my bag was stolen, along with half of my cash. Now I am completely ID'less.

What do I do? I have filed a police report but have yet to hear back. I've been sleeping in parks for the past few weeks and am seeking some guidance in the right direction. I do plan to go to community college.

For those wondering I live 10 minutes outside of Boston, and am staying at my friends house for the night but don't want to impose... I plan to go look for my bag tomorrow near the area it was stolen... A friend hooked me up with a job that I can work Monday-Saturday 8am-5pm for $10/hr but it's under the table and I was paid in a cashiers check? I think.

Pretty lovely menial labor and was a hell of a walk but I made $80 today. They didn't ask for any ID just my name to pay me today (they pay every Friday). They just put me to work on an assembly line for 8 hours. I guess this still counts as a r/PF question; is there a way to cash this without ID? I have no bank account that I'm aware of.

I appreciate the support. Yes I think the way I acted was wrong but my mom is the definition of a narcisist, I'm sorry but I don't want your family advice, just finance related. I appreciate all the PMs.

quote:

Join the Navy. Seriously.

quote:

Please remember that this is a time when inertia is your enemy. If you get comfortable in that job, leave. It's not your future. It's merely a stepping stone. Roll with it, move around, meet as many people as you can and create the future you deserve.

"Join the Navy" and "Quit your job after one day and travel."

# ? Dec 22, 2016 18:05

H110Hawk: Dec 28, 2006

Dwight Eisenhower posted:

If social security taxed income past $125k it'd be pretty hard for it to go insolvent.

That it still doesn't is pretty mind boggling.

$118,500 in fact! It's absurd that it is capped at all. Not surprising, but absurd.

# ? Dec 22, 2016 18:11

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

This might be one of the best (worst) BWM stories I've seen. One year away from graduating pharmacy school and he drops out with 100k in debt.

quote:

(21) Broken man-child over $100k in debt who needs help

I first want to say that I'm not looking for pity points. I expect most of you to find my lifestyle abhorrent, but I'm just going to tell you what I'm experiencing. I'm the man-child in question, and need finance advice (and a kick in the rear end) for my poor decisions and poor outlook on life. TL;DR near the bottom.

I enrolled in a private pharmacy school's undergraduate program when I was 17, and got myself into this situation. I had below average grades in high school (due to lethargy) and was accepted because of my high SAT and ACT scores. This led me to being accepted without any scholarships or grants. Being naive, I was led to believe that it was normal to not get any scholarships, and that $40k a year tuition was also normal. My parents told me there was nothing to worry about, and that once I became a pharmacist the debt would be gone in years. My parents have awful credit and nobody else would co-sign, so I've taken out 8 different loans (2 from the government each year and 2 from private companies each year). The government loans are around 4% and the private loans (which represent a majority of my debt) are around 8.5%.

So, a bit about myself, I'm not a normal person. I suffer from extreme anxiety, which, these days, keeps me at home for months. I don't have a driver's license because I'm horrified of driving and being in cars, which means I don't have a job. I didn't make any friends in college, which left me depressed. I ended up broken, completely given up on life, and over $80k in debt after two years of college. I dropped out without a degree and loan payments began without any real savings. I quickly lost what little I had saved through loan payments and defaulted. The only thing keeping me off the streets and alive is my parent's generosity. I live with them and they provide everything for me, rent free.

So, there's my situation. I'm massively in debt and at a disadvantage. I have little to no marketable skills, no job experience, no driver's license, and I feel like there's no way out. I feel like there's nothing I could do to lead a good life. Even if I managed to get a full-time minimum wage job (which is $18,200 annually in my state), I would be 27 before I had a dollar to spend, and that's not including interest. The idea of working 40 hours a week for a quarter of my life before I can save money is debilitating.

Some light at the end of the tunnel is something I need to change for the better. This is where you kind people can come in. I don't know how to do anything in terms of finance, so I need some guidance. A goal, or a general plan, or some advice that I can work with is what I need. And finally, as sad as this is to admit, I'm not sure I'm willing to put in the hard work. I don't know if it will be worth it to keep living. My future right now is that I will end up homeless and dead after my "nest egg" runs out, and I'd really appreciate a plan to change this.

TL;DR I'm $100k in student debt, without a degree or job. I'm terrified of driving and don't have a driver's license because of this. I'm asking for a plan to lead a normal life, financially.

So, first thing I want to ask is if there is any way for me to have my debts forgiven.

This is going to sound childish, but I feel as if I've been tricked into this debt. I was stupid and naive and it's entirely my fault, but I feel no obligation to return this money. I blindly listened to my parents and college staff and didn't understand what I was agreeing to. The loan companies gladly accepted my debt, and I have no help other than the extreme generosity of my parents. I've learned that bankruptcy forgives everything but student dept (how convenient), so that's not an option, even though I am very clearly in that category. Is statute of limitations real? Could I have my debts forgiven in 6 years (the value for my state) if I continue to default?

If not, I need a plan that I can actually follow, given my pathetic situation. Is there any way to earn a living from home? Is it possible for me to get out of debt? If so, can I do it before I'm 40? Will I be able to save money? Once I acquire a steady income, how should I go about paying off my debts, and how much of my paycheck can I expect to be withheld by the government/loan shark companies?

Leon Trotsky 2012 fucked around with this message at 18:17 on Dec 22, 2016

# ? Dec 22, 2016 18:15

potatoducks: Jan 26, 2006

Dude social security is a 12.4% tax if you're self employed. Insane enough as it is.

# ? Dec 22, 2016 18:21

SlapActionJackson: Jul 27, 2006

Dwight Eisenhower posted:

If social security taxed income past $125k it'd be pretty hard for it to go insolvent.

That it still doesn't is pretty mind boggling.

If social security means tested benefits it'd be pretty hard for it to go insolvent.

That it still doesn't is pretty mind boggling.

# ? Dec 22, 2016 18:22

Droo: Jun 25, 2003

Social security already pays out on a very regressive (progressive?) scale - 90% match up to $800/month, 32% on the next $4000 or so, 15% over that up to the max theoretical contribution.

# ? Dec 22, 2016 18:26

BarbarianElephant: Feb 12, 2015; The fairy of forgiveness has removed your red text.

Student loan debt should really be dischargeable by bankruptcy in hopeless cases.

# ? Dec 22, 2016 18:27

ChickenOfTomorrow: Nov 11, 2012; god damn it, you've got to be kind

Suicide is BWM if you do it before the suicide exclusion on your life insurance expires.

# ? Dec 22, 2016 18:32

CitizenKain: May 27, 2001; That was Gary Cooper, asshole.; Nap Ghost

ate all the Oreos posted:

My man have you heard of this thing called Soylent

Bonus for not supporting the shithead that owns chic-fil-a and also for giving you atomic farts and cadmium.

Well, Soylent could be a great weight loss tool since they started selling a version that makes you violently ill. Also the guy who came up with Soylent is batshit insane.

# ? Dec 22, 2016 18:41

Krispy Wafer: Jul 26, 2002; I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat; Grimey Drawer

H110Hawk posted:

$118,500 in fact! It's absurd that it is capped at all. Not surprising, but absurd.

That's 20k more than it used to be.

It's increasing, slowly. We probably have another 4 years before another increase is on the table though.

:smugdon:

# ? Dec 22, 2016 18:44

monster on a stick: Apr 29, 2013

I love it when I've "paid" my SS for the year and my paychecks jump up by a significant amount.

# ? Dec 22, 2016 18:54

BEHOLD: MY CAPE: Jan 11, 2004

Krispy Kareem posted:

That's 20k more than it used to be.

It's increasing, slowly. We probably have another 4 years before another increase is on the table though.

It increases by law every year IF some measure of inflation increases above a trigger point, otherwise it can't increase. But it has increased much faster than wage growth in recent history meaning the overall burden of SS tax has increased.

# ? Dec 22, 2016 19:01

monster on a stick: Apr 29, 2013

Leon Trotsky 2012 posted:

This might be one of the best (worst) BWM stories I've seen. One year away from graduating pharmacy school and he drops out with 100k in debt.

I like the subreddit suggestions that appeared when I searched for this thread:

# ? Dec 22, 2016 19:04

BEHOLD: MY CAPE: Jan 11, 2004

SlapActionJackson posted:

If social security means tested benefits it'd be pretty hard for it to go insolvent.

That it still doesn't is pretty mind boggling.

Uncap SS tax and means test benefits, in other words completely unravel the relationship between who pays for SS and who benefits from it

# ? Dec 22, 2016 19:04

Droo: Jun 25, 2003

BEHOLD: MY CAPE posted:

Uncap SS tax and means test benefits, in other words completely unravel the relationship between who pays for SS and who benefits from it

Means testing has the added benefit of creating a financial incentive for people to not save for retirement!

# ? Dec 22, 2016 19:06

Krispy Wafer: Jul 26, 2002; I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat; Grimey Drawer

Yeah, no one's getting rid of the cap. If it ever did go away, it wouldn't affect the really high earners. You'd just see more compensation that isn't subject to a 12% flat tax on top of whatever the marginal rate is.

# ? Dec 22, 2016 19:27

BEHOLD: MY CAPE: Jan 11, 2004

Krispy Kareem posted:

Yeah, no one's getting rid of the cap. If it ever did go away, it wouldn't affect the really high earners. You'd just see more compensation that isn't subject to a 12% flat tax on top of whatever the marginal rate is.

The cap would be easy to take away relative to almost any other tax increase and Bernie and Hillary both specifically said they planned to do it to some extent

# ? Dec 22, 2016 19:53

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

Doctors continue to be BWM:

- Woman who had a job as a doctor in Missouri (with low housing costs) can't pay her mortgage after going on long-term medical leave from her job for surgery.
- She just doesn't pay her mortgage from February through July
- The bank allowed her to make partial payments and she did not meet the partial payment amount, so they stopped allowing her to
- The bank would delay the foreclosure process if she sent in a month of her husband's pay stubs
- She sent in 4 weeks of stubs and the bank asks for one more to calculate monthly income
- Her husband "dragged his feet" about going to his HR rep to get them
- They just ignored the problem for another month.
- Their house was foreclosed and sold.
- She did not get in touch with a lawyer in time because she only called one firm (after everything had already happened) and they were closed. By the time she actually called back later it was too late.

Total cost is : $175k + legal fees.

This whole process took almost exactly one year. How can you be so passive that you get your house foreclosed on because paperwork is annoying?

She had been in the house for 5 years, at her job for 6 years, had an annual salary of 130k (+ her husband's income) and the house cost $189k 5 years ago.

quote:

My friend is a bigger idiot than I knew. Any hope or help I can direct her to?

Please don't offer only yelling, I'm going to do that enough to her even though she asked me not to (What kind of friend would I be if I DIDN'T yell at her for her mistakes? This woman is a DOCTOR!)

Here's her post to me:

I need to tell you something. My house was foreclosed. There is nothing I can do. When I lost my job at <big doctor school>, it took me from July to October to start working at <new-ish job>. During that time I fell behind on my mortgage payments. I tried to pay partial payments but the bank stopped accepting them. So I tried to do a loan modification. The bank kept asking for different kinds of documents.

They asked for 1 month's paycheck stubs from <husband>, so I sent in 2 paycheck stubs. But that was only 28 days so they needed 3. <Husband> kind of dragged his feet on that, his boss dragged his feet on getting them, and I also forgot to remind him to get them. I got a letter on Friday saying that since my workout package was incomplete, they were going to drop it.

I called them Friday when I got the letter but they were closed. I called yesterday.

Well, apparently they (X Bank) sold my house (to themselves, now they own it) on February 16th. They didn't tell me. Now they are saying there is nothing I can do, several lawyers are saying there is nothing I can do because my house is already owned by the bank, so unless I can magically come up with the full mortgage amount plus whatever legal costs to the tune of $175,000+, I am going to have to move out of my house in 4 weeks.

There are a lot of things I should have done, like ask people for help, call a lawyer sooner, tell my parents, find some way to fix it, and I didn't so I feel like a failure as a human being and I suck at life and being an adult and I hosed up giant big time. So you don't have to tell me all of those things because I already know them, and I don't think you'll be all judgmental about it and probably not lecture me but lecturing me will just hurt even more so if you could avoid that I would appreciate it. This sucks and I suck. A lot.

My mother thinks they may have wrongfully foreclosed on me because they sold my house without completing working with me to modify my loan.
I talked to a lawyer <friend> who referred me this other lawyer friend in missouri because <friend> doesn't do foreclosures in missouri, but that lawyer basically told me they can't represent me because my house is already sold. So I am calling the HUD hope hotline number my mom gave me right now.

Leon Trotsky 2012 fucked around with this message at 19:58 on Dec 22, 2016

# ? Dec 22, 2016 19:54

Guinness: Sep 15, 2004

Bhodi posted:

do people who make more than that actually get that in the form of a payroll check? I thought it ends up being stock or dividends or some other form of income that is sheltered or taxed differently.

Yes, there are lots of people who earn more than the 118k SS cap in ordinary income (wages, bonuses, commissions, etc.) before even looking at investment income.

118k is pretty squarely in the "mid-level" salary band for high-tech, finance, consulting, etc. professionals in a major city. Leads/Principles, Upper Management, VPs, etc. will frequently reach up into the 200-400k of ordinary income, well above the SS cap.

Raising or even eliminating the SS/Medicare cap would go a long way toward ensuring the continued solvency of those programs.

# ? Dec 22, 2016 19:58

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

The title seems like a pretty typical BWM scenario, but when you get into what property he wants to buy on his 26k a year it gets better.

quote:

I'm 25, I make $26,000 a year, have really bad credit and I want to buy property in the next 2 years.

Ok, a little background for context. I'm currently living with my parents until about 2017 when they will be moving to Austin. I have no intention of following them. I have started saving 200 a week which may seem aggressive but I only have a couple of bills at the moment and I'm taking steps to settle my debts and repair my credit. I've identified several 5k sqft lots for 10k and under in a part of town that interests me and is projected to improve in the next decade. At my current rate of saving I predict that I will be able to afford a down payment in about 6 months.

Additionally I will need to provide some shelter for myself and of course my stuff. I've priced out metal buildings and even prefab/tiny homes in the range of 20 to 30k which I think is feasible and if I haven't saved enough by then I would frankly be elated to live in a retro rv for a year or two.

I've presented this plan to my parentals in hopes they would be willing to help me by co-signing for the loan (my credit is currently under 600 sooo...). I'm confident I can make this work, I've lived on my own in the past with succes, I just don't know anything about buying property. I feel like my goals are pretty cut and dry but I need some advice for after I've taken on the financial burden of land ownership.
TLDR; Am I being too ambitious thinking I can buy property on 26k a year?

Edit for more context: The property I'm looking at is advertised as improved teardown lots, with no restrictions. I'm against renting but it's not out of the question, just not comfortable with it due to the fact that I have large items that would need to be stored out of site for security purposes. ie my easy to steal truck and tool collection but I could store those separately or possibly with family if absolutely necessary. I help run my family's store so new job's arent something I can consider currently but I'm working towards an Autocad cert.

# ? Dec 22, 2016 20:03

EAT FASTER!!!!!!: Sep 21, 2002; Legendary.

Listen before everybody jumps on Soylent for another 20 pages, I just want to say I drink Coffiest for breakfast and it's a fine meal replacement. It fortunately has not had a lot of the other problems other products in their line have had but what can you do?

Start-up culture.

# ? Dec 22, 2016 20:08

Ashcans: Jan 2, 2006; Let's do the space-time warp again!

The weird thing to me is that people have been making/using liquid diet replacements for a long time, there are already a ton of them around. I don't know why everyone decided to freak out and jump on board with the one made by a literal crazy person and self-tested

# ? Dec 22, 2016 20:12

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

This guy is in a position where he has been so GWM that he has looped around to becoming BWM.

Or this is an elaborate humblebrag performance piece.

quote:

I feel like I'm poor despite earning much more than median. What is my problem?

I'm 29. I currently earn $96k/year (salary and benefits). I have $126k liquid assets, $91k in a 401k, and about $30k in material goods (car included). No debt other than a car payment at 0.9% interest, but I've already got equity in the car compared to the remaining loan amount. (~19k value vs $15k owed). 801 credit score at last check.

My monthly bills are about $2600 with maybe $300-400 additional for unexpected purchases.

So after all my bills and retirement saving is done, I'm left with only $2,000 a month. I feel like I'm just getting by and I don't want to spend any more than I already spend. But then I look around and I'm living in an apartment, driving a standard vehicle, eating home-cooked meals, no traveling, very little to zero social life (i.e. no $100 bar tabs), no shopping sprees since I already invested in high quality dress clothes years ago that haven't gone out of style (20 custom-tailored hugo boss shirts, 12 pairs of dress pants, and then just a casual wardrobe of jeans and tshirts).

How do I differ from everyday society? Are people just living with huge amounts of debt? Am I being too cautious and saving too much? Would it be reasonable to buy a $500k house or is that too much? If I buy in California that's about bottom of the barrel in a big city, which sucks because I'd pay so much to still feel poor.

Anyway, sorry for the long post, I'm just wondering how society gets by driving brand new mercedes SUVs with $800k homes. Are they massively in debt and I could too, or are they just much better at earning money than me? It seems like I can't turn around without spotting fancy cars and huge homes where I live.

Just going to the post the title and the first two words from this one:

quote:

19/M I want to buy a motorcycle but my credit score is around 350. I want to spend around $5,000 is this doable without going broke?

quote:

I'm military

Leon Trotsky 2012 fucked around with this message at 20:16 on Dec 22, 2016

# ? Dec 22, 2016 20:12

Day Man: Jul 30, 2007; Champion of the Sun!

Master of karate and friendship...
for everyone!

Leon Trotsky 2012 posted:

This guy is in a position where he has been so GWM that he has looped around to becoming BWM.

Or this is an elaborate humblebrag performance piece.

Sounds like he just needs to read this thread and learn that most people really are just drowning in debt to own all of that poo poo.

# ? Dec 22, 2016 20:16

BEHOLD: MY CAPE: Jan 11, 2004

Guinness posted:

Yes, there are lots of people who earn more than the 118k SS cap in ordinary income (wages, bonuses, commissions, etc.) before even looking at investment income.

118k is pretty squarely in the "mid-level" salary band for high-tech, finance, consulting, etc. professionals in a major city. Leads/Principles, Upper Management, VPs, etc. will frequently reach up into the 200-400k of ordinary income, well above the SS cap.

Raising or even eliminating the SS/Medicare cap would go a long way toward ensuring the continued solvency of those programs.

Taxing the hell out of ordinary earned income up to any arbitrary amount is definitely one way to increase the solvency of SS/Medicare, but if we're going to just implicitly declare that it doesn't matter if we are taxing people who aren't going to need SS, why then put it all on the shoulders of the middle class who are paid wages? Actual rich people don't usually make most of their money as ordinary income.

# ? Dec 22, 2016 20:17

Tiny Brontosaurus: Aug 1, 2013; by Lowtax

BEHOLD: MY CAPE posted:

Taxing the hell out of ordinary earned income up to any arbitrary amount is definitely one way to increase the solvency of SS/Medicare, but if we're going to just implicitly declare that it doesn't matter if we are taxing people who aren't going to need SS, why then put it all on the shoulders of the middle class who are paid wages? Actual rich people don't usually make most of their money as ordinary income.

People who are paid six-figure wages aren't the middle class. They are richer than 90% of Americans. They are "actual rich" people. What makes this hard to see is that they are so much poorer than the .01% of people who are the millionaires/billionaires everyone thinks of when they think "actual rich."

I mean if you want to make the 99% live tax-free and redistribute the ridiculously unequal wealth of the 1% hell yeah, but getting that done is probably going to require violence.

# ? Dec 22, 2016 20:24

WampaLord: Jan 14, 2010

Ashcans posted:

The weird thing to me is that people have been making/using liquid diet replacements for a long time, there are already a ton of them around. I don't know why everyone decided to freak out and jump on board with the one made by a literal crazy person and self-tested

Yea, Soylent is basically just Ensure, but Ensure at least has to follow FDA guidelines and won't give you heavy metals poisoning.

# ? Dec 22, 2016 20:25

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# ? Jun 8, 2024 16:36

EAT FASTER!!!!!!: Sep 21, 2002; Legendary.

/\/\/\ I disagree, Tiny Brontosaurus. High earners hold this country together, tax the "actual rich." /\/\/\

Leon Trotsky 2012 posted:

This guy is in a position where he has been so GWM that he has looped around to becoming BWM.

Unfortunately, you can tell from his post he's pretty caught up about status. He's making very good money but in a very expensive part of the country. He's about to hit a decade where if he really wants to get into a measuring contest he's going to be facing off against some peers who didn't do the college right into a job thing and have taken on graduate degrees and will out-earn him, he sees people who come from really substantial wealth who can out-spend him and then he sees everyone around him not give a poo poo about debt and out-consume him.

The only way to win that game is not to play.

# ? Dec 22, 2016 20:28

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Bad w/ Money: I just paid for a fat bitches Electric Cock Zapping Sex Toy in Kentucky

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