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pr0zac posted:Lmao you don't understand statistics and still think you have a chance of being a good programmer. Please, either you make 500k a year or you don't. That's 50/50 odds buddy.
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Jan 8, 2017 17:08
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blugu64 posted:Please, either you make 500k a year or you don't. That's 50/50 odds buddy. This doesnt sound right but I dont know enough about science to dispute it.
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Jan 8, 2017 17:11
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They seem to have the ego of someone making 500k a year and they have the survivorship bias in spades... but I am somehow still a little skeptical of their claims in general
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Jan 8, 2017 17:51
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I don't think I'm bootstrappy enough for this thread anymore. That check scam one is pure fukken magic though. I don't even know if it counts as scam since he straight up gave his banking info away, but alas.
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Jan 8, 2017 18:07
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It's a scam, for sure, but he's blatantly culpable in it so he won't get reimbursed.
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Jan 8, 2017 18:10
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Volmarias posted:It's a scam, for sure, but he's blatantly culpable in it so he won't get reimbursed. It's basically this with a 2017 flavor
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Jan 8, 2017 19:21
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Wait, is 500k now rich? I wish we'd decide this before Trumpocalypse hits and 'rich' just means two-ply toilet paper.
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Jan 8, 2017 19:25
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Krispy Kareem posted:Wait, is 500k now rich? I think it's more if you make less than 500K obviously you aren't trying.
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Jan 8, 2017 19:39
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Krispy Kareem posted:Wait, is 500k now rich? Anything above basic subsistence level is rich, yes, didn't you get the memo? EDIT: Pryor on Fire posted:It's kind of weird, the only advice that doesn't get shouted down is "buy index funds" and "think longer term". Essentially any other advice is bad or even the dreaded "timing the market" (gasp!) The only advice that doesn't get shouted down is the literal good advice
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Jan 8, 2017 19:39
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Lotta high income goons in this thread who have weird issues just admitting that being in the top 1% of Households in the richest country on earth does in fact make them rich.
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Jan 8, 2017 19:41
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Leon Trotsky 2012 posted:Lotta high income goons in this thread who have weird issues just admitting that being in the top 1% of Households in the richest country on earth does in fact make them rich. I can't tell if this is the worst thread on SA or not. I mean I post in it so probably.
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Jan 8, 2017 19:46
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While objectively true yes making in the hundreds of thousands in annual household income means you are in the highest percentage of earners worldwide in history, it does not automatically come with the very loaded connotations of the word "rich", as though you don't work hard for a living, don't have to make decisions with regard to your long term financial well being, and have piles of money laying around to buy any trifling thing you want and that you would never miss.
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Jan 8, 2017 19:50
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BEHOLD: MY CAPE posted:While objectively true yes making in the hundreds of thousands in annual household income means you are in the highest percentage of earners worldwide in history, it does not automatically come with the very loaded connotations of the word "rich", as though you don't work hard for a living, don't have to make decisions with regard to your long term financial well being, and have piles of money laying around to buy any trifling thing you want and that you would never miss. So did you buy the 911 yet?
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Jan 8, 2017 19:53
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BEHOLD: MY CAPE posted:While objectively true yes making in the hundreds of thousands in annual household income means you are in the highest percentage of earners worldwide in history, it does not automatically come with the very loaded connotations of the word "rich", as though you don't work hard for a living, don't have to make decisions with regard to your long term financial well being, and have piles of money laying around to buy any trifling thing you want and that you would never miss. Yeah you're rich if you make 500k/year. If you can't manage that money well enough to basically buy whatever you want whenever you want short of a mega-yacht you're bad with money.
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Jan 8, 2017 19:54
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BEHOLD: MY CAPE posted:While objectively true yes making in the hundreds of thousands in annual household income means you are in the highest percentage of earners worldwide in history, it does not automatically come with the very loaded connotations of the word "rich", as though you don't work hard for a living, don't have to make decisions with regard to your long term financial well being, and have piles of money laying around to buy any trifling thing you want and that you would never miss. This guy, basically: http://www.businessinsider.com/i-am-the-super-rich-and-i-cant-afford-obamas-tax-hike-2010-9
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Jan 8, 2017 20:03
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BEHOLD: MY CAPE posted:While objectively true yes making in the hundreds of thousands in annual household income means you are in the highest percentage of earners worldwide in history, it does not automatically come with the very loaded connotations of the word "rich", as though you don't work hard for a living, don't have to make decisions with regard to your long term financial well being, and have piles of money laying around to buy any trifling thing you want and that you would never miss. Very loaded connotations indeed.
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Jan 8, 2017 20:11
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We already had a lovely income-vs-wealth derail last month, it's too soon for a repeat.
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Jan 8, 2017 20:15
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BEHOLD: MY CAPE posted:While objectively true yes making in the hundreds of thousands in annual household income means you are in the highest percentage of earners worldwide in history, it does not automatically come with the very loaded connotations of the word "rich", as though you don't work hard for a living, don't have to make decisions with regard to your long term financial well being, and have piles of money laying around to buy any trifling thing you want and that you would never miss.  Those poor Henrys and their hundreds of thousands of income.
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Jan 8, 2017 20:17
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For some people, no amount of (likely, attainable) income will make them feel rich.
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Jan 8, 2017 20:17
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Mocking Bird posted:For some people, no amount of (likely, attainable) income will make them feel rich. Reminds me of a quote I read about Larry Ellison a long time ago: quote:“You have to turn to Melville for an adequate parallel,” marvels Nathan Myhrvold, the Microsoft chief technology officer, who serves as Gates’s idea man. “This is an ego thing. Larry is a very successful guy, Oracle is a superstrong company in this one narrow area, the database sector. Yet he’s utterly obsessed with trying to beat Bill Gates, like it’s some big competition. I mean, the guy’s got six billion bucks. You’d think he wouldn’t be so dramatically obsessed that one guy in the Northwest is more successful. [With Larry] it’s just a mania.”
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Jan 8, 2017 20:22
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BEHOLD: MY CAPE posted:While objectively true yes making in the hundreds of thousands in annual household income means you are in the highest percentage of earners worldwide in history, it does not automatically come with the very loaded connotations of the word "rich", as though you don't work hard for a living, don't have to make decisions with regard to your long term financial well being, and have piles of money laying around to buy any trifling thing you want and that you would never miss. Sentence: guillotine.
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Jan 8, 2017 20:30
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adhuin posted:
You can't post this and not the guillotine follow-up.
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Jan 8, 2017 20:34
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cowofwar posted:You can't post this and not the guillotine follow-up. Original is much more funny, because it isn't meant to be joke.
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Jan 8, 2017 20:55
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How to buy a Lamborghini without being a millionaire:quote:The financing that you didn’t know existed quote:Find a car in a desirable color. The best colors for the Gallardo in order of resale value are as follows in order: Green, Orange, White, Yellow, Silver, Gray, Blue, and then Black. While you may want to keep your Lambo forever, you will quickly realize why many dump them so quickly. quote:Examine the interior trim and buttons even on low mileage cars. Most Lamborghinis were made with Audi parts, which means cheap plastic is present in many areas of the car, especially in 2004-2006 models. The plastic button controls get worn out quickly; and even though everything may look great in images, it can be costly to replace and disappointing in person as the [b]plastic turns sticky and uncomfortable to operate. quote:Exotic cars are high-dollar cars and repairs are not cheap if they occur, so while there is some risk of a few expenses, there is also the ability to write off any problems that occur with the car as well as the car itself as an asset. It doesn't sound like the author even likes Lamborghinis
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Jan 8, 2017 21:15
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Unless I'm being really stupid, 100,000 / 84 is 1,190 not 1,100 - and that's assuming zero interest which I can't see happening? Edit: That's if you accept someone considering financing a $100,000 used super car should be in a position to worry about a difference of $300 a month
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Jan 8, 2017 21:21
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Begall posted:Unless I'm being really stupid, 100,000 / 84 is 1,190 not 1,100 - and that's assuming zero interest which I can't see happening? Yes, the interest is not trivial, insurance on exotic cars tends to be pricey, and almost all bottomed out supercars still depreciate and incur maintenance expenses by the mile. Saying "all you are doing is paying yourself" by paying down an 84 month exotic car loan is like maxing out your credit card, paying the minimum every month and reasoning that you're only paying yourself.
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Jan 8, 2017 22:03
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Boy howdy if I just make a blog about something I spend money on I can deduct it from my taxes? Brb starting a blog about my house.
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Jan 8, 2017 22:06
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BEHOLD: MY CAPE posted:incur maintenance expenses by the mile. A 7,500 mile service is like $1500 and a 15k mile service is more like $2500. With $300+ a piece tires that last for 10k on a good day (at least int he back). And $7k+ for a clutch because you don't actually know how to drive it. One of my friends bought one and got rid of it rather quickly. No, a blog to "write it off" nor financing was necessary so it wasn't a total disaster, but even for someone who could genuinely afford the thing it was just......not good enough to be worth the trouble and expense to drive with any regularity. At that point, why own the car?
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Jan 8, 2017 22:22
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im moving and into a "first apartment" i guess and going thorugh trying to budget and oh boy how do people manage to live without earnign $20/hr
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Jan 8, 2017 23:20
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Very debtfully
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Jan 8, 2017 23:23
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Empress Brosephine posted:im moving and into a "first apartment" i guess and going thorugh trying to budget and oh boy how do people manage to live without earnign $20/hr With roommates :-\
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Jan 8, 2017 23:29
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yeah i guess if you're making minimum payments it aint all that bad but still shiiiittt
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Jan 8, 2017 23:33
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"Minimum payments?" The way to live on <$20/hr is with no debt.
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Jan 8, 2017 23:38
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Motronic posted:A 7,500 mile service is like $1500 and a 15k mile service is more like $2500. With $300+ a piece tires that last for 10k on a good day (at least int he back). And $7k+ for a clutch because you don't actually know how to drive it. So he understands the hard way how high maintenance $300,000 exotic sports cars can depreciate $220,000 of those fine American dollars in 8-10 years
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Jan 8, 2017 23:42
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ohgodwhat posted:Boy howdy if I just make a blog about something I spend money on I can deduct it from my taxes? Brb starting a blog about my house. There are a good handful "supercar lifestyle" YouTube kids that I can only imagine are writing off the payments on their used Lamborghinis and car show traveling as business expenses
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Jan 8, 2017 23:44
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Saeku posted:"Minimum payments?" I don't even know how that is possible if you want to own some kind of reliable car. It's mind boggling to me when you see poor people with brand new trucks also; those things are atleast $500 a month and there's no way they're making THAT much.
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Jan 8, 2017 23:45
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Empress Brosephine posted:im moving and into a "first apartment" i guess and going thorugh trying to budget and oh boy how do people manage to live without earnign $20/hr Mostly in poverty. In practice it usually means roommates or housing outside of complexes, buying everything you can used and cutting your spending to the bone (then boiling those bones to make broth to get to your next paycheck) Ask: me about supporting a family of three on $16/hr
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Jan 8, 2017 23:55
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it's rough man. especially since most entry level jobs are $10/hr or LESS. how is anyone supposed to get by on that?
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Jan 8, 2017 23:59
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They really aren't meant to be driven on the road in the first place. Given the constraints of street driving, there is a limit as to how much power and speed you can reasonably use, and you can get to that limit for under $100k. Supercars are pure status symbols unless you spend significant time at a racetrack, and even then, it takes a skilled track driver to get the most out of them.
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Jan 9, 2017 00:00
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Live in a cheap area, find really small places to live, account for every dollar. I make around $13/hr after mandatory deductions (not including tax). Can't imagine trying to raise a family on $15/hr though.
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Jan 9, 2017 00:14
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