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Teeter posted:I caught this gem in an article about an Uber driver arguing with their CEO after giving him a ride. Uhh, to drive for Uber Black you have to do what that dude did and buy a late model luxury car, that's the price of entry. I'd never do it because I wouldn't rely on those promises for my income. And he's complaining to the CEO that he was swindled by the company, because they cut fares to where he can no longer make money. A fair complaint, and directed specifically at the guy who runs the organization responsible. The CEO is essentially saying "you got hustled, take responsibility for your own life"  Nail Rat posted:He's an idiot, but the Uber CEO is still a piece of poo poo and Uber is a terrible company taking advantage of poor people who are desperate. Reminder, this is the guy who called Uber "Boob-er" because he gets so much tail when people find out he's the Uber CEO 
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Mar 1, 2017 22:38
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at "two female friends."
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I still don't understand how anyone could think it through all the way and conclude "yes, I will surely make sufficient profit over the 96000+interest driving for uber over the lifetime of this single luxury car". What did he think his probability of success was? His estimated yearly income after loan payments/expenses? That's insane. As far as I can tell, nobody takes uber black on purpose, they just con people at the airport who see "uber" on the sign and assume a normal taxi rate, missing the word "black" in tiny letters meaning you're about to get hustled. Maybe they get businesses who want to appear fancy to their clients, but I find it a little hard to believe that calling a "nice" uber is going to look anywhere as good as calling a normal car service to have a car/limo waiting.
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Mar 1, 2017 22:45
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I used to take Black because I thought they were still making decent money. I have been disabused of that notion.
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Mar 1, 2017 22:46
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Subjunctive posted:I used to take Black because I thought they were still making decent money. I have been disabused of that notion.
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Mar 1, 2017 22:48
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SCA Enthusiast posted:I sell homebrewing supplies and I actively discourage people from getting into it because they think they'll save money. I recommend they get into it because it owns though. I have to admit to making some amazing beer at university. We didn't save money because we drank more but we were drinking good beer at higher percentages. Better than the cheap lovely beer we'd be drinking for years.
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Mar 1, 2017 22:48
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Subjunctive posted:I used to take Black because I thought they were still making decent money. I have been disabused of that notion. You can make decent money and still not be able to afford a $100K car. You can make really good money and not be able to afford a $100K car.
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Mar 1, 2017 22:49
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Jeffrey of YOSPOS posted:May as well take regular uber and hand the driver money directly, it's win-win that way. Yeah, but I rarely carry cash.
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Mar 1, 2017 22:51
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Jeffrey of YOSPOS posted:I still don't understand how anyone could think it through all the way and conclude "yes, I will surely make sufficient profit over the 96000+interest driving for uber over the lifetime of this single luxury car". What did he think his probability of success was? His estimated yearly income after loan payments/expenses? That's insane. Because they spend a lot of money on marketing trying to convince people that they WILL make money. You and I wouldn't fall for it, but somewhere they will find someone who will, especially when the rates they were paid initially were 9 times what they are now.
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Mar 1, 2017 23:02
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Maybe there are tax benefits for the depreciation on your vehicle. But that also assumes you're making enough to deduct beyond your standard deduction. Maybe you need to incorporate to get the full benefit. I would say you're better off driving for a real taxi company, but I don't think those are doing that well. Nail Rat posted:Because they spend a lot of money on marketing trying to convince people that they WILL make money. You and I wouldn't fall for it, but somewhere they will find someone who will, especially when the rates they were paid initially were 9 times what they are now. You absolutely do make money. Just not enough to cover long term expenses.
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Mar 1, 2017 23:14
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People should still look before they leap. Can't put all the responsibility on the CEO for that situation. At the end of the day there was still a guy that looked at ~$100k loan paperwork on a car and said, "This is worth the risk" to himself as he signed.
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Mar 1, 2017 23:16
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Right, especially when there's this other form in which you get a loan for a $10000 2008 honda or whatever instead and make less money per mile. Something tells me "driving for uber" is simply the bare rationalization that guy used to buy a $96,000 car that he wanted anyway.
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Mar 1, 2017 23:19
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I can't be assed to care about the driver's 90 grand personal loan when the passenger is burning a cool 2 billion VC a year to expand their terrible company.
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Mar 1, 2017 23:33
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Soon you'll be able to write off car depreciation because people will be treating their cars like houses
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Mar 1, 2017 23:37
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Yeah, by sleeping in them.
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Mar 1, 2017 23:44
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GWA(lcohol): cheap gin. $15 for a handle of something that doesn't taste like pine scented furniture polish or gasoline, $0.38 per standard drink.
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Mar 1, 2017 23:46
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22 Eargesplitten posted:GWA(lcohol): cheap gin. $15 for a handle of something that doesn't taste like pine scented furniture polish or gasoline, $0.38 per standard drink. Cheap drinkable vodka can be had for  a handle though.
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Mar 1, 2017 23:56
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That's why I said something that doesn't taste like gasoline. Gilbey's is $15, you can get other stuff I've never tried for $12. I think prices might be a bit higher around here since liquor stores have to be small independent businesses.
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Mar 2, 2017 00:02
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Jeffrey of YOSPOS posted:I still don't understand how anyone could think it through all the way and conclude "yes, I will surely make sufficient profit over the 96000+interest driving for uber over the lifetime of this single luxury car". What did he think his probability of success was? His estimated yearly income after loan payments/expenses? That's insane. Tons of people with expense accounts or after hours commute allowances take Uber Black
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Mar 2, 2017 00:18
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Krispy Kareem posted:Maybe there are tax benefits for the depreciation on your vehicle. But that also assumes you're making enough to deduct beyond your standard deduction. Maybe you need to incorporate to get the full benefit. The depreciation and expenses on a livery vehicle are deductible against your gross business income in the United States; it has absolutely nothing to do with your personal standard deduction The only thing worse than driving for Uber is driving for a taxi company
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Mar 2, 2017 00:21
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Only one thing can save us from Uber-chat: weddings! We all know how to be GWM at your own wedding, but what about someone else's? Barudak posted:Friends wedding had very little food for the tapas style infinite appetizers so the friend ripped into the catering company. Turned out distant family she had not wanted to invite but was pressured into ran a rotation where they stood by the kitchen door, took all the food, slid it into plastic bags, then took those full bags in their oversized purses before one by one going to the car to dump them into a waiting cooler. All told probably 20-30 odd pounds of food was taken this way. When confronted they stated it was a wedding and if she wanted everyone to eat it was her fault for not getting more food.
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Mar 2, 2017 00:23
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Not everything in this article is BWM, but there are a few that kind of kill me. Here's one: A Very Wealthy Person posted:Another tech worker feeling excluded from the real estate market was 41-year-old Michael, who works at a networking firm in Silicon Valley and last year earned $700,000. Sick of his 22-mile commute to work, which can sometimes take up to two and half hours, he explored buying a property nearer work. He has some reasonable complaints and the Bay Area is insane, but uh 
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Mar 2, 2017 00:40
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That guy doesn't sound bwm, he sounds smart and can have a better life even while making less (and still making a ton of money).
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Mar 2, 2017 00:44
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mike- posted:That guy doesn't sound bwm, he sounds smart and can have a better life even while making less (and still making a ton of money). what about it is a better life when your complaints are about bagel prices and housing costs, both of which are are solved and then some by being paid twice as much? buy the 1.4MM house, buy the $8 bagel and stop thinking about it, and you still have more money at the end of it
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Mar 2, 2017 00:48
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paragon1 posted:Between this and what I hear about tech startups I'm starting to think banks are just lending to anything with a pulse and SSN Pretty much. I'm disabled and make about $10k (CDN) a year. Every few months my bank was sending me a pre-approved VISA application, but I thought you couldn't get approved for a CC unless you made at least $13k a year. So eventually I went ahead and filled out the application and the online form was all, "woah, you don't make 13k, are you sure you filled this out right?" So I figured it would be denied and they'd stop bugging me. Then a couple weeks later they told me I was approved with a $2,000 limit.  Fine. Whatever. Now I can buy things online without a hassle and apparently I'm earning some kind of points. Then 8 months later they call me offering to double my credit limit because I'm such a responsible customer making large payments on time every month. Really leaning on how I "earned" this. LOL, no thanks. I"m BWM but not that BWM. I can manage the credit I have, but if I let them keep upping my limit eventually I'd get myself into trouble. So, yeah, they are willing to lend to basically anyone. And then if you don't immediately start missing payments they are happy to keep upping your limit to ludicrous levels for your income.
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Mar 2, 2017 00:52
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22 Eargesplitten posted:That's why I said something that doesn't taste like gasoline. Gilbey's is $15, you can get other stuff I've never tried for $12. Costco is your liquor friend. And I don't think you even need a membership to buy the hard stuff. Although not all locations sell liquor.
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Mar 2, 2017 00:57
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Blinky2099 posted:what about it is a better life when your complaints are about bagel prices and housing costs, both of which are are solved and then some by being paid twice as much? buy the 1.4MM house, buy the $8 bagel and stop thinking about it, and you still have more money at the end of it the bwm is coming from inside the thread!!
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Mar 2, 2017 01:06
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Zo posted:the bwm is coming from inside the thread!!
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Mar 2, 2017 01:14
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Blinky2099 posted:what about it is a better life when your complaints are about bagel prices and housing costs, both of which are are solved and then some by being paid twice as much? buy the 1.4MM house, buy the $8 bagel and stop thinking about it, and you still have more money at the end of it I don't get complaining about an $8 bagel. I just paid $15 for my lunch and $15k on a preferential share offer. Lunch is a drop in the bucket. Although if $8 bagels are a problem there's always toilet wine, so long as your horse doesn't drink it.
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Mar 2, 2017 01:15
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mike- posted:That guy doesn't sound bwm, he sounds smart and can have a better life even while making less (and still making a ton of money). Yeah, you're right: he'd still be making a ton of money that could afford him a very comfortable life in San Diego. But $350k/year is enough to live comfortably in the Bay Area, too. And I think it goes deeper than his salary. I mean, sure, he'd still be making bank. But he'd be making considerably less in a region that isn't dramatically cheaper than the Bay Area and it sounds like he still wants to live the same lifestyle but maybe hopefully pay a little less for it. However, if he can't comfortably live in the Bay Area on $700k/year and not have to worry about the cost of an occasional bagel/juice, then I'm guessing that taking a 50% pay cut to move to a slightly less expensive part of the state might not work out very well for him. His lifestyle must be pretty intense. And this obviously isn't perfectly accurate, but:  Hopefully the move does work out for him, though!
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Mar 2, 2017 01:20
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The dev seems weird to have taken a $350,000 salary cut, but may he will just be genuinely happier in San Diego. The weather is better even if SF isn't bad. It came from Facebook:  BUY FROM MLMs BE A GOOD FRIEND CONSUME SUBPAR GOODS Plus your friend owning a bakery != your friend selling Mary Kay.
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Mar 2, 2017 01:21
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It is a particular treat when an obvious fancy uber black car rolls up for your normal uber ride. Life hacked!
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Mar 2, 2017 01:28
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I sold Cutco knives to all my mom's friends as a teenager and that's all the MLM exposure I ever want to have
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Mar 2, 2017 01:29
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At a previous employer I did a little bit of software consulting work for a well-known cosmetics MLM company. Everything about the company, the business, the people, and the work was awful. I hated it so much. Not only is their software and security absolutely, laughably terrible but I regularly got a peek into their database (because lol what's anonymized/generated test data). There's perhaps a few hundred people out of tens of thousands making any significant amount of money out of the whole scheme. Of those few hundred, a very small handful of people making six-seven figures while the others were typically in the five figure range. All the rest of the thousands of "consultants" are regularly losing money, sometimes enormous amounts of it. Obviously I'm preaching to the choir in this thread, but MLM is way up on the top of the list of BWM things. Unless you're at the top of the pyramid, obviously.
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Mar 2, 2017 01:35
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paragon1 posted:Between this and what I hear about tech startups I'm starting to think banks are just lending to anything with a pulse and SSN Pretty much. 6 months ago, just for kicks, I applied for the AmEx Gold Card. I'm a full-time college student making about $14k a year on paper, and they approved me. I tried to cancel it last month and they gave me a $75 statement credit.  It's a charge card with a decent points system, and I'd keep it, if it wasn't for the $200 annual fee.
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Mar 2, 2017 02:23
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Guinness posted:Obviously I'm preaching to the choir in this thread, but MLM is way up on the top of the list of BWM things. Unless you're at the top of the pyramid, obviously. If you want to be even more horrified read the saga of billionaire hedge fund dude being unable to force regulators into declaring Herbalife a pyramid scheme despite spending millions on the campaign. A pyramid scheme so old there are regular jokes about it in episodes of MST3K from 1992.
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Mar 2, 2017 02:29
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I love politely declining invitations to "parties" where they sell this crap, too. The new thing is where they invite you to host it! No shame. You turn them down and they have the gall to ask why. By that point I usually tell them why, usually along the lines of "I'm not paying to drop ship merchandise for a corporation." I figure if people are going to leverage their social connections for business purposes, I'm going to treat it like business.
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Mar 2, 2017 02:30
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I just slowly but gradually cut people like that out of my life
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Mar 2, 2017 02:49
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in a rare GWM / BWM combo, the secretary who runs our employee appreciation committee decided that for our fundraiser for last quarter we were going to sell scentsy to the employees. She is a scentsy distributor and sold them to the party planning committee and then resold them to the employees. Through a combination of social pressure to fund the employee appreciation event and lots of BWM middle-aged ladies working there, the employee appreciation committee actually made a couple hundred dollars profit from this.
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Mar 2, 2017 02:51
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KingSlime posted:I just slowly but gradually cut people like that out of my life It's pretty much only second- and third-tier Facebook acquaintances who do this anymore. I treat the others like they're just business contacts.
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Mar 2, 2017 03:00
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Leon Trotsky 2012 posted:in a rare GWM / BWM combo, the secretary who runs our employee appreciation committee decided that for our fundraiser for last quarter we were going to sell scentsy to the employees. She is a scentsy distributor and sold them to the party planning committee and then resold them to the employees. Wow. Does your company not have a rule against hawking poo poo to other employees at work?
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