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Yea, it doesn't sound like they are going to be leaving their kids much less in the way of assets, so making sure that they have life insurance for them sounds like the only decent choice they made. Of course they shot themselves in the foot with whole insurance, but its still better than buying another disney vacation.
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May 24, 2017 17:03
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Ashcans posted:Yea, it doesn't sound like they are going to be leaving their kids much less in the way of assets, so making sure that they have life insurance for them sounds like the only decent choice they made. Of course they shot themselves in the foot with whole insurance, but its still better than buying another disney vacation. I've never heard of whole life offered through work, only term which is GWM especially since they have kids.
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May 24, 2017 17:19
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Our work has a life insurance policy on our behalf which is one year of income, and her husband is a federal employee (prison guard) so I'm assuming there is probably a similar benefit if they were to die prematurely. Also, term life was also offered at the meeting today, but not pitched as hard as you would imagine. And I was wrong, it was their 4 year old daughter who said "But we don't have any money". This was not meant to be in any way a "you won't believe this" type story, but in a way it's even more depressing because this kind of systematic-crappy-decisions is really common.
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May 24, 2017 17:23
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That family I mentioned before's oldest daughter let some random guy use her Uber account, which resulted in $150 in charges that overdrew her parents' account. The kid was 15 years old and that's the first time she realized her parents had no money. Like a real-life melodramatic over the top "you mean we're poor!?!!" moment. On one side it sucks knowing about your family's bad finances because that causes all kinds of stress and worry for kids. On the other, it at least let's you know that your 'normal' isn't 'normal' and is probably not behavior to aspire to.
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May 24, 2017 18:13
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Ashcans posted:Yea, it doesn't sound like they are going to be leaving their kids much less in the way of assets, so making sure that they have life insurance for them sounds like the only decent choice they made. Of course they shot themselves in the foot with whole insurance, but its still better than buying another disney vacation. Even the worst methods of saving are better than not saving at all
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May 24, 2017 18:25
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Krispy Kareem posted:That family I mentioned before's oldest daughter let some random guy use her Uber account, which resulted in $150 in charges that overdrew her parents' account. The kid was 15 years old and that's the first time she realized her parents had no money. Like a real-life melodramatic over the top "you mean we're poor!?!!" moment. Maybe this is me being an old man yelling at clouds, but why would you let your 15-year old have an Uber account, let alone one linked to your bank account, and where is a 15-year old taking Uber for $150?
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May 24, 2017 18:34
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Leon Trotsky 2012 posted:Maybe this is me being an old man yelling at clouds, but why would you let your 15-year old have an Uber account, let alone one linked to your bank account, and where is a 15-year old taking Uber for $150? I dunno maybe she needed and uber to go to an Ariana Grande concert. In regards to whole life though, if they are so bad at not blowing all their money to actually save anything, having a crappy life insurance plan is still better than nothing. It's not GWM, but its not terrible just sub-optimal. Jack2142 fucked around with this message at 18:49 on May 24, 2017 |
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May 24, 2017 18:47
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Leon Trotsky 2012 posted:Maybe this is me being an old man yelling at clouds, but why would you let your 15-year old have an Uber account, let alone one linked to your bank account, and where is a 15-year old taking Uber for $150? The kid she gave the Uber info to rode around with it for like a week or two. Hence the $150. As for why she even had it. Who knows. They probably had her use it once or twice and never revoked the access. I can see multiple situations where you'd want your kid to have something like that.
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May 24, 2017 19:04
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Krispy Kareem posted:The kid she gave the Uber info to rode around with it for like a week or two. Hence the $150. What a little rear end in a top hat
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May 24, 2017 19:09
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Being able to use their phone to get home immediately is something I'd want my kid to be able to do, I totally get that. Sharing it like it's a netflix account is pretty bizarre though.
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May 24, 2017 20:03
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She gave him access to her Tinder Plus account, and he racked up $300 in Undo Swipes and Super Likes.
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May 24, 2017 20:25
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By getting in the ground floor of the exciting business opportunity, her 15-year old sister will be able to retire at 19. This could be you! Inbox me for details! quote:My Mom [46F] wants to sign me [25F] for her MLM company, threw a fit
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May 24, 2017 20:30
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dreesemonkey posted:Our work has a life insurance policy on our behalf which is one year of income, and her husband is a federal employee (prison guard) so I'm assuming there is probably a similar benefit if they were to die prematurely. Also, term life was also offered at the meeting today, but not pitched as hard as you would imagine. I get free life insurance for me and pay 3.83/ paycheck for a 100k policy for my husband. Our health insurance is awesome too, but I'm sticking with Medicaid as long as I can. (Which is Oct) Working retail for a major company that actually treats their employees decent is gwm (USER WAS PUT ON PROBATION FOR THIS POST)
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May 24, 2017 23:07
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AA is for Quitters posted:I get free life insurance for me and pay 3.83/ paycheck for a 100k policy for my husband. I think you missed what this thread is for
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May 25, 2017 13:39
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Senor Dog posted:I think you missed what this thread is for She was getting to the part when they decided to invest their bitcoins into a horse daycare centre. Sic Semper Goon fucked around with this message at 14:15 on May 25, 2017 |
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May 25, 2017 14:08
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Friendly reminder  pig slut lisa posted:Things that could get you probated
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May 25, 2017 14:25
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Cousin of mine, 40+ years old, spent 2 years (total) living on her own (about 15 years ago) - the rest with her parents. Former art student, but didn't finish her degree. Actually had an impressive job at one point but was laid off ~10 years ago. Since then it has been down hill, the last three positions being gas station manager, Uber driver, and finally MLM. Sigh.
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May 26, 2017 03:11
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theHUNGERian posted:Since then it has been down hill, the last three positions being gas station manager, Uber driver, and finally MLM. Sigh. Despite the fact you're getting hosed pretty hard, MLM is not a "position"... just sayin'.
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May 26, 2017 03:37
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Neither is Uber driver. If you are being paid as a 1099 contractor rather than a W2 employee, you're probably working for free or close to it. There are a few exceptions if you are doing highly skilled labor in a few specific industries, but for the most part individual unskilled contractors are getting scammed.
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May 26, 2017 03:48
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Gas station manager: Getting exploited, but at least you have some semblance of worker protections Uber driver: Getting exploited even harder for probably less net pay, with no worker protections MLM merchant: Paying someone else to exploit yourself
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May 26, 2017 03:54
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AreWeDrunkYet posted:Gas station manager: Getting exploited, but at least you have some semblance of worker protections Assuming this person stays on the (self)exploitation career-track, what is the next step?
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May 26, 2017 04:49
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theHUNGERian posted:Assuming this person stays on the (self)exploitation career-track, what is the next step? Only way to be hosed more for less is to be a sex worker.
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May 26, 2017 04:55
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https://www.reddit.com/r/SubredditDrama/comments/6d966c/rnyc_debates_whether_or_not_a_150k_salary_is/
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May 26, 2017 04:58
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cowofwar posted:Only way to be hosed more for less is to be a sex worker. incorrect, prostitutes can make quite a lot of money: this one makes 10k/6wks https://www.reddit.com/r/TwoXChromosomes/comments/2vdj3i/im_a_sex_worker_at_one_of_nevadas_legal_brothels/
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May 26, 2017 05:03
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theHUNGERian posted:Assuming this person stays on the (self)exploitation career-track, what is the next step? A call center. In a prison.
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May 26, 2017 05:54
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Are not all call centers prisons?
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May 26, 2017 06:52
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therobit posted:Are not all call centers prisons? Prisons of your mind, yes.
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May 26, 2017 11:04
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Just saw an Uber/Zipcar crossover ad: you can rent a Zipcar to drive for Uber. I actually wonder how the math works. Zipcar covers insurance, and you don't own the asset so you have none of the depreciation costs. It might actually be GWM.
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May 26, 2017 13:31
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KYOON GRIFFEY JR posted:Just saw an Uber/Zipcar crossover ad: you can rent a Zipcar to drive for Uber. Or maybe it will make the sub-minimum wage income glaringly obvious since the costs aren't deferred anymore.
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May 26, 2017 13:37
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For one hour's driving let's figure on what, about 25 VMT, and at least on some stats that I found in my city an Uber driver's hourly takehome at full utilization is about $23/hr. 55 cents a mile vehicle cost leaves the driver with an owned vehicle with about $13.75 pre-tax. A zipcar at $7/hour leaves the driver at $16/hour pre-tax but does not include fuel, so figure on another $3 for a gallon of gas to drive 25 miles. That would basically make it a push (but significantly reduce the driver's risk, but also lower the driver's utility of owning a vehicle)
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May 26, 2017 14:03
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KYOON GRIFFEY JR posted:For one hour's driving let's figure on what, about 25 VMT, and at least on some stats that I found in my city an Uber driver's hourly takehome at full utilization is about $23/hr. Zipcar traditionally covers the cost of gas. They also traditionally have mileage limits per day though, neither of which I'd imagine work with this Uber thing.
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May 26, 2017 14:17
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KYOON GRIFFEY JR posted:For one hour's driving let's figure on what, about 25 VMT, and at least on some stats that I found in my city an Uber driver's hourly takehome at full utilization is about $23/hr. You need to calculate the overage rate, there's a per km charge in Canada if you go over 200km. In my experience Zipcar/autoshare/etc are great if you drive minimally and want a car for a few hours at most but once you start to hit their daily maximum and/or their km overage more than a few days per month it's cheaper to rent the traditional way or just own a car.
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May 26, 2017 14:23
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pr0zac posted:Zipcar traditionally covers the cost of gas. They also traditionally have mileage limits per day though, neither of which I'd imagine work with this Uber thing. Yeah, I forgot that, I haven't used it in quite a while. You couldn't drive all day but you could drive up to your mileage allotment which I think is 140mi/day. That's about five hours or so of Ubering.
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May 26, 2017 15:16
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KYOON GRIFFEY JR posted:Yeah, I forgot that, I haven't used it in quite a while. Maybe Zipcar has modified mileage limits for Uber drivers. That or they are only focusing on part-time drivers.
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May 26, 2017 20:06
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In some cities where rental cars are cheap, it could actually make sense to rent a car and run it as an Uber, especially if you had a few friends so you could run the car for 24 hours a day. Of course, it would probably violate your agreement with the rental car company, as well as violating Uber's policies.
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May 26, 2017 20:09
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curufinor posted:https://www.reddit.com/r/SubredditDrama/comments/6d966c/rnyc_debates_whether_or_not_a_150k_salary_is/ http://reductress.com/post/how-i-made-life-in-new-york-work-on-a-150000-salary/ (satire)
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May 26, 2017 21:05
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Ric Flair: The Nature Boy is extremely BWM To be fair, he also got hosed over supremely bad by a shady-as-gently caress insurance guy: quote:The problems began in 1994. At the time, Fliehr had whole life insurance with Guardian, a low-risk policy that accrued value over time. The beneficiaries were Fliehr’s parents and Elizabeth. Scott Chamberlain, a representative of Principal Life, convinced the Fliehrs to switch their coverage to a universal life policy by showing that the premium payments would be less and the death benefit more. What he didn’t explain was that because universal life policies oftentimes fluctuate more wildly with the market, less cash is guaranteed. Also, the new policy essentially meant that the insurance company could charge higher premiums if they determined over time that Fliehr — already an aging professional wrestler who would later admit to using steroids — was increasingly likely to die. This whole article is just depressing as poo poo.
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May 27, 2017 01:56
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Konstantin posted:In some cities where rental cars are cheap, it could actually make sense to rent a car and run it as an Uber, especially if you had a few friends so you could run the car for 24 hours a day. Of course, it would probably violate your agreement with the rental car company, as well as violating Uber's policies. Both Uber and Lyft have been doing this for the past year and it's extra BWM in an odd way. Even though a branch might be open all week, the program is separate and doesn't operate on weekends. Many people don't read the fine print, drive through Friday night, try to return the car Saturday morning, find out that they can't, and end up having to pay for Saturday, Sunday, and Monday.
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May 27, 2017 02:36
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Buckle up, this is a doozy: https://www.reddit.com/r/personalfinance/comments/6dj96y/a_friend_put_me_in_over_30k_of_debt/?st=j37nh6y8&sh=ca6f3d7d quote:My story begins because I was trying to help a friend out and it turned into me becoming in terrible debt. Before I helped my friend out I had a few thousand saved (about $7k in cash on hand) and always about $1k in my bank, and owed very little on credit cards (a couple hundred at most.) I had around $30k in available credit to my name and a credit score of close to 800.
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May 27, 2017 20:15
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The solution probably starts with realizing what a "friend" is.
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