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You've come to the right thread
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May 7, 2017 18:51
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Blinkman987 posted:Like anything, you really have to know the market. Shoes can be very GWM but: You got a lead on a pair of Raptor 7s? The Bordeaux 7s have to be my favorite, but a spare pair of Raptors would be dope.
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May 7, 2017 18:56
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The BWM thread has become itself what it hates.
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May 7, 2017 19:02
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ohgodwhat posted:You've come to the right thread Eh. I save ~40% of my income and I make ~300k/year. A thing I enjoy using and is well within my means is not BWM. (USER WAS PUT ON PROBATION FOR THIS POST)
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May 7, 2017 19:11
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Steampunk Hitler posted:Eh. I save ~40% of my income and I make ~300k/year. A thing I enjoy using and is well within my means is not BWM. Your bicycle needs a chiropractor and a boat. If it starts winning races you can stud it out to make trikes.
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May 7, 2017 19:51
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Steampunk Hitler posted:Eh. I save ~40% of my income and I make ~300k/year. A thing I enjoy using and is well within my means is not BWM. Please don't talk about yourself in this thread.
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May 7, 2017 19:58
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lol "It's impossible to be bad with money if you've got enough of it"
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May 7, 2017 20:04
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That just might be the most BWM post in the BWM thread.
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May 7, 2017 20:07
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Abort! Abort!
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May 7, 2017 20:26
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And the police officer said, "Get out, get out! The BWM is coming from inside the thread!!"
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May 7, 2017 20:28
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If it's a hobby that he spends a lot of time on and enjoys, what's wrong with that? It's cheaper than a project / track car, about as much as a high end gaming PC (less if you include a monitor), less than a gun hobby. Assuming he's not one of those people that buys a new one every year or two, that's not an unreasonable price for something you use a few hours a week for 5 years or whatever. Especially since it's a form of exercise, which is GWHealth and therefore GWM and GWL. Assuming you don't get hit by a truck, a broken back is BWM for the rest of your life / until Bernie's zombie takes office. E: are we not allowed to debate BWM that came from within the thread? I thought it was just against the rules to post about yourself, not to post about someone who posted about themselves.
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May 7, 2017 20:32
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When people talk about themselves in this thread, it leads exactly to those lovely discussions about whether or not someone's hobby horse is BWM, which was just awful.
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May 7, 2017 20:44
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Oh good, a high schooler that wants to make a smart move with his graduation moneyhttps://www.reddit.com/r/personalfinance/comments/69qp9z/where_to_start_with_investing_as_a_high_schooler/ posted:I'm a high school senior who just had a grad party and received around $1500. I'll be taking advantage of a free college opportunity offered in my city for the first 2 years of college so I would like to invest some of this money, as I won't be needing it right away. First post that shows up quote:In real estate first. Make money and then go to school if you want to. If you go in debt to go to college you could then spend many years being a debt slave paying it back. Is that what education is all about? Tuition is skyhigh because it has become a racket and the lenders and government are all a part of it. Very expensive, too expensive.
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May 7, 2017 21:09
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therobit posted:Was it a big ticket item? I could see the retailer paying for the financing in that case. Otherwise it could be that enough people pay late that they are counting on late fees to make it profitable. Anyone who pays cash is subsidizing the price of any user who uses credit cards or financing products. It is all priced into the sticker on the item.
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May 7, 2017 21:29
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Steampunk Hitler posted:Eh. I save ~40% of my income and I make ~300k/year. A thing I enjoy using and is well within my means is not BWM. All incomes $100,001 or greater are headed to the guillotine so you should probably enjoy it while you have it
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May 7, 2017 21:30
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Blinkman987 posted:Like anything, you really have to know the market. Shoes can be very GWM but: Yeah when the shoe market gets reasonably efficient your average resale premium is approximately the minimum wage time cost of going to footlocker and waiting in line for shoes, plus you bear a lot of inventory risk
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May 7, 2017 21:34
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BEHOLD: MY CAPE posted:All incomes $100,001 or greater are headed to the guillotine so you should probably enjoy it while you have it Maybe he should have bought a dirtbike instead so he could flee through the woods from the revolutionary mob.
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May 7, 2017 21:55
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22 Eargesplitten posted:Maybe he should have bought a dirtbike instead so he could flee through the woods from the revolutionary mob. quite the contrary, it's all about cardio after the revolution overthrows the bourgeoisie and gasoline is no longer easy to find
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May 7, 2017 22:16
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BEHOLD: MY CAPE posted:quite the contrary, it's all about cardio after the revolution overthrows the bourgeoisie and gasoline is no longer easy to find in the ultimate irony horses become GWM
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May 7, 2017 23:30
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ohgodwhat posted:When people talk about themselves in this thread, it leads exactly to those lovely discussions about whether or not someone's hobby horse is BWM, which was just awful. except some people asked him specifically about it they should be guillotined instead for causing these awful posts
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May 7, 2017 23:30
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KYOON GRIFFEY JR posted:in the ultimate irony horses become GWM Invest in hay futures boys. Ours is the time of change.
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May 7, 2017 23:34
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Zo posted:except some people asked him specifically about it That's just a trap. Like, if I said, "So Zo, tell me about your wedding" and you start talking about how much you saved getting married at a courthouse followed by a fancy honeymoon in Venezuela that cost you only ten American dollars...boom, probation. It's not our fault if Steampunk Hitler falls for it. He's just a victim of circumstance.
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May 8, 2017 00:16
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I assume most of us have seen the unapologetic stock market dice roll subreddit, but if not: https://www.reddit.com/r/wallstreetbets/ KYOON GRIFFEY JR posted:in the ultimate irony horses become GWM I legit chuckled. If horses ever become GWM there won't be any internet forums for the I Told You So posts, though.
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May 8, 2017 01:13
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crazypeltast52 posted:You got a lead on a pair of Raptor 7s? The Bordeaux 7s have to be my favorite, but a spare pair of Raptors would be dope. I actually had a pair I had to sit on for a year in order to get retail on them. Next time those get retro'd, you're going to be set. BEHOLD: MY CAPE posted:Yeah when the shoe market gets reasonably efficient your average resale premium is approximately the minimum wage time cost of going to footlocker and waiting in line for shoes, plus you bear a lot of inventory risk Yeah, I took a look at some galaxy Nikes from 2010-2011 for fun and there are still people there listing those shoes for $500+. These are the most valuable ones in the line and some dude has been trying to get his $2,500 for two years lol http://www.ebay.com/itm/Nike-galaxy-foams-size-9-5-/261933074261?hash=item3cfc6d8755:g:J7kAAOSwstxVfX3A I think people are really stuck on what they "should" have gotten at one point on those shoes and some misconception that everything goes up in price as scarcity theoretically increases. At some point I imagine people's liquidity has to break and everything but the best of the best is going to crater.
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May 8, 2017 01:19
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savesthedayrocks posted:real estate can only go up https://www.reddit.com/r/PersonalFinanceCanada/comments/69pqsg/does_anyone_have_experience_selling_a_home_im_in/ posted:I bought a home I can't afford. I'm a first time home buyer. 
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May 8, 2017 04:00
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Business, Finance, and Careers › Bad With Money 2.0: I don't want a house anymore in stupid Toronto
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May 8, 2017 04:43
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22 Eargesplitten posted:Assuming you don't get hit by a truck, a broken back is BWM for the rest of your life / until Bernie's zombie takes office. Hopefully that won't happen, because the bike they're talking about is an indoor exercise bike where you join an MMO spin class. You can sprint up a hill early and yell Leeroy Jenkins to your heart's content. https://www.youtube.com/watch?v=MpBLgz0DjQ4
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May 8, 2017 05:30
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KYOON GRIFFEY JR posted:in the ultimate irony horses become GWM Poor Buttercup, thought of cannibal raiders and died.
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May 8, 2017 05:42
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SpelledBackwards posted:Hopefully that won't happen, because the bike they're talking about is an indoor exercise bike where you join an MMO spin class. You can sprint up a hill early and yell Leeroy Jenkins to your heart's content. Ah so it's a lovely exercise bike that normally would cost like $200-$400 but now it's internet connected and has a screen so it's an order of magnitude more, yep that definitely belongs in this thread.
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May 8, 2017 05:44
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i see we're in the "this guy spends his disposable income differently than i would if i had any  " phase of the thread again
Zo fucked around with this message at 05:48 on May 8, 2017 |
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May 8, 2017 05:46
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Disagreeing with and discussing BWM stories is an important part of this thread. Please find a way to participate without calling people penniless crybabies.
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May 8, 2017 06:03
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well, that's my way of disagreeing that is, if you think that "expensive thing = bwm unconditionally" then yeah you're probably a penniless crybaby
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May 8, 2017 06:10
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Zo posted:well, that's my way of disagreeing It's a stationary bike that connects to the internet, even if you don't think it's BWM it's at least a silly expensive IoT bullshit thing
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May 8, 2017 06:20
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ate all the Oreos posted:It's a stationary bike that connects to the internet, even if you don't think it's BWM it's at least a silly expensive IoT bullshit thing yeah i agree with that! still it's probably a good thing overall if it helps rich people spend their money instead of endlessly hoarding cash like modern day smaugs i recognize that bwm people will also probably buy that thing but I'd like to read about their personal circumstances instead of just going "lol that bike is expensive"
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May 8, 2017 06:37
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ate all the Oreos posted:It's a stationary bike that connects to the internet, even if you don't think it's BWM it's at least a silly expensive IoT bullshit thing I grant you it is overpriced but it is not a lovely $200 Wal-Mart bike, a similar gym quality spin bike such as a Spinning performance or Keiser M3 runs $800-$1500 plus then attach a tablet to it to display the classes. Yes there's a markup in there.
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May 8, 2017 06:38
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Oh boy, this one is probably going to produce a "my parents screwed me over" thread in a year or two. https://www.reddit.com/r/personalfinance/comments/69vouz/parents_want_to_use_my_credit_for_a_home_mortgage/ Parents want to use my credit for a home mortgage - what can I do? quote:My parents are both financially responsible but for personal reasons, don't have the credit they need to buy a house of decent size. They both work tons, they splurge a bit during holidays, but as far as I know aren't in debt. They haven't worked on their credit as much as I have, so they want to use my credit to finance a home mortgage for a better home.
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May 8, 2017 06:40
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well at least he 1) hasn't done it yet, 2) seems to be really against it personally, and 3) is responding to all the comments telling him not to do it those are some really lovely parents though so even if he gets away from this mortgage he still has to live with that 
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May 8, 2017 06:48
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ate all the Oreos posted:It's a stationary bike that connects to the internet, even if you don't think it's BWM it's at least a silly expensive IoT bullshit thing It's a spin bike, not a stationary bike or a regular form of exercise bike. The mid-range ones cost $899+, and the high end ones cost 2k even without a screen. That is a normal price for a really good spin bike with the benefit of not having to hook your tablet up to it to watch Netflix during a workout as people often do. Yes, a regular lovely exercise bike can cost 200-400 as you said before but that's not what a spin bike is.
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May 8, 2017 06:51
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GoGoGadgetChris posted:Oh boy, this one is probably going to produce a "my parents screwed me over" thread in a year or two. What does it mean to be "financially responsible but not have the credit for a mortgage", those things seem to come closely hand in hand
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May 8, 2017 12:51
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BEHOLD: MY CAPE posted:What does it mean to be "financially responsible but not have the credit for a mortgage", those things seem to come closely hand in hand It means "my parents told me that they're responsible but lied" just like they're lying about taking care of that mortgage
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May 8, 2017 13:01
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