Tiny Brontosaurus posted:

Aw poor baby. What you pricks never realize is that sexism ruins the whole world.

quote:

Link to post: http://www.reddit.com/r/Bitcoin/comments/18f3pd/i_have_my_entire_retirement_and_savings_invested/

I'm actually a big fan of Bitcoin (I'm a software developer, and think it's a really interesting application of cyptography and p2p), but investing 100% of everything you have into an infant technology like this is insane, in my opinion. No one knows what will happen - bitcoin looks promising, but all it would take is the U.S. government cracking down on it to really cripple its potential. Let's not forget that this "investment" is funded by credit card debt! I wonder what the OP thinks will happen when the 0% intro APR runs out.

So my question for you, /PF, is what is this person thinking? And, more generally, is this representative of the level of financial savvy displayed by the US population at large? Because if so, I'm personally much further ahead than I thought I was...

quote:

dude, diversify.
I feel like the aphorism about "putting all your eggs..." wouldn't be passed on as conventional wisdom if it weren't for some grain of truth within.
Yeah sure we all hope that bitcoin does well, but seriously, what you're doing is irresponsible. especially if other people in the world rely on you for support.
EDIT: Also, Satoshidice should in no way be considered an investment strategy. You may get lucky sure in the short run, but in the long term statistics are against you. Gambling is designed to make money for the operating company. Where do they get this money? From you.

April posted:

I'm doing my best to stick to the post/topic and not the poster. It doesn't matter who started it, who is more right or wrong, etc. It's an argument that can not possibly be resolved because we don't have enough information about the situation, so it's pointless to argue it.

Ohthehugemanatee posted:

Part of me wants to explain what internet trolling is to you, but part of me thinks it's adorable that someone on this site in TYOL 2017 looks at an internet troll gleefully throwing punches at all comers (including a bunch of other internet trolls) and goes "My word, surely all involved see that this discussion cannot logically be concluded! Why ever are you people fighting?"

Ohthehugemanatee posted:

Part of me wants to explain what internet trolling is to you, but part of me thinks it's adorable that someone on this site in TYOL 2017 looks at an internet troll gleefully throwing punches at all comers (including a bunch of other internet trolls) and goes "My word, surely all involved see that this discussion cannot logically be concluded! Why ever are you people fighting?"

Tiny Brontosaurus posted:

In TYOOL 2017, you think "don't be sexist" is trolling.

Say Nothing posted:

Tiny Brontosaurus posted:

In TYOOL 2017, you think "don't be sexist" is trolling.

quote:

Applicant is alleged to be delinquent on 12 debts, in a total exceeding $137,000.

quote:

Applicant was alleged to be delinquent on nine debts in the total amount of $99,535. He failed to resolve any of them. He did not meet his burden to establish mitigation.

quote:

Applicant's husband's illness and associated employment problems, along with his eventual demise, created a financial situation from which Applicant failed to recover. She received $10,000 from his life insurance policy. Nevertheless, accounts became delinquent and were placed for collection, charged off, or went to judgment. For the vast majority of her delinquent non-SOR and SOR accounts, Applicant offered no documentary evidence of a good-faith effort to resolve them. She contended she paid a number of non-SOR accounts, but failed to submit any documentation such as receipts, cancelled checks, account records, etc., to support her contentions. As far as the SOR accounts, Applicant failed to take any positive action to resolve the vast majority of such accounts until February 2016, nearly 30 months after she was interviewed by an investigator and 5 months after the SOR was issued. In February 2016, she paid various collection agents a total of $192.99. She offered no documentation to support the existence of subsequent payments to any creditors, debt purchasers, or collection agents. Over the years, at least until February 2016, she failed to pay or resolve accounts with balances as low as $84, $110, $220, and $244. There are clear indications that Applicant's financial problems are no closer to becoming under control. Her actions under the circumstances cast substantial doubt on her current reliability, trustworthiness, or good judgment. Eligibility is denied.

EAT FASTER!!!!!! posted:

Heads up $30,000 in Bitcoin 5 years ago would have seen a 10-25 fold return on your money to between $300,000 and $750,000.

Solice Kirsk posted:

Discuss.

Solice Kirsk posted:

Discuss.

EAT FASTER!!!!!! posted:

Heads up $30,000 in Bitcoin 5 years ago would have seen a 10-25 fold return on your money to between $300,000 and $750,000.

FrozenVent posted:

There's no way to liquidate that much bitcoin to a usable currency at this time, nor has there even been... Well maybe in the heydays of Magic: The Gathering: Online Exchange.

BEHOLD: MY CAPE posted:

I am prepared for the guillotine but I make >5x my wife (total >$100,001/year including a schedule C) and we split expenses 50:50. She sends me half the bills including the stable fees in BTC each month.

quote:

Sat down on my friend's macbook and broke it

I had some of my friends over at my house and one of my friends invited one of her other friends to come over. She had her MacBook on my couch when I sat on it and broke it. Since it was completely my fault I offered to pay her the money for it and she agreed. She got it 3 years ago and it cost 2200 dollars at the time. I told her I'd wire you the money in a week to her bank account.

She's now emailed me saying that as per our conversation she's expecting the 2700 that I have agreed for!!!! I didn't know why she added the extra money so I got her number from my friend and called her to find her telling me she's now expecting me to pay for her new upgraded MacBook since she was "upgrading anyway". She said if I don't agree to do that she'll be suing me in small claims court. Can a judge agree to that?

Should I wire her the $2,200 or should I just tell her go sue me?

quote:

[Super Awesome Update]

I never thought this would turn out the way it did and I really felt like I learned so much stuff in the process thanks to all of you. Here is my previous question.

I went through every single comment from the 200+ ones and I sincerely thank each and every one of you.

I did some research specifically for repairing the screen for the macbook and for her particular model it’s around 310 for the screen + the labor cost so I wrote her back saying that since she didn't accept my initial offer of $2200, I’m withdrawing that offer, and offering to pay for the repair cost. She sent me an email calling me a bitch and that she’s going to take me to court.

I got served a few days later and went to court. I told the judge I gave her three options to choose from. 1) either to write her a check for a brand new one which was 2200 dollars. 2) Get her a refurbished one from apple or a third party or even used which would be around 1400 dollars or 3) fix her current MacBook since the screen is the only thing affected here and it would cost around 300 dollars plus money for labor. (I printed out the email I sent her and the mail she sent back refusing demanding the 2700 and calling me a bitch and saying we’ll go to court + screenshots for the price quotes from different websites for a new/refurbished and the screen fix for her particular model) and gave it to the judge. I also told him that when I offered at the very beginning to get her a new one from the apple store she said no I want the money in cash. When I told her I’d give her 2200 for a new one she said okay but later came asking for 2700 because she wants to upgrade. I tried to show him how it's clearly visible that she's trying to take advantage of me.

She gave the judge an attitude almost the whole time which really pissed the judge off and helped my case I guess. After listening to both of us he ruled that I pay 50% of the repair cost since she negligently left her laptop on the couch. So I'll only be paying not more than 200-250 dollars for the whole thing.

If it weren’t for you guys I would’ve paid $2,200 dollars instead of around $200 and I honestly loved her look at the end as we walked out.

I feel good for following all the advice here.

TheLastManStanding posted:

Zamujasa posted:

Apologies if this made its way over already, but here's some BWM mixed with schadenfreude:


Offered sticker price on a 3-year-old laptop -- with estimated repair costs of $300 -- and then turning up the greed and asking for even more?

Nope:

Haifisch posted:

Oh god here have a bitcoin story from 4 years ago just make it stop:

Redditor takes out $30,000 on a credit card in order to "invest" (read:speculate) it all in Bitcoin.


The original post was deleted, but the comments are still around. You know it's bad when the bitcoiners are telling you you hosed up:


Although considering this was the Mt Gox era, dude would've been lucky if he got any real money back out of this.

Tiny Brontosaurus posted:

This makes me sad. They're 30. A normal middle-class lifestyle with a home and the occasional vacation isn't supposed to be unattainable, certainly not such a ludicrous thing that we're scolding someone for even thinking of it.

There's also a thing that's pretty common with people who make very little money and don't have any hope of ever making more - you're never going to be rich so why not enjoy life once in a while? It's so, so easy to judge, but honestly what are poor people supposed to do? The money saved from never having a moment of happiness will never amount to enough to lift them out of poverty.

Not really talking about this couple so much as the general attitude about what's "BWM" for low-income people. Budgeting can make a middle-class life better, but it can't make poverty not poverty.

ohgodwhat posted:

Today I learned it's BWL to imply that a woman has any culpability for anything

CmdrRiker posted:

I don't understand the derail birds. Isn't unravelling all of the biased judgements we're making about other people's BWM choices part of the fun for this thread?

EAT FASTER!!!!!! posted:

Heads up $30,000 in Bitcoin 5 years ago would have seen a 10-25 fold """return""" on your """money""" to between """"$300,000"""" and """"$750,000"""".

TheLastManStanding posted:

Horse, Wedding, Medical Bills. It's a BWM hat trick.

This guys work is amazing.

baquerd posted:

BTC are in an incredible bubble right now, and the price shooting up means people are buying with other currencies. We're talking more than 4x returns over the last year. It's crazy gambling, but over the last year it paid off.

EAT FASTER!!!!!! posted:

Heads up $30,000 in Bitcoin 5 years ago would have seen a 10-25 fold return on your money to between $300,000 and $750,000.

the talent deficit posted:

nah, if you bought it on credit it was almost certainly on gox and you lost it all

if by some miracle you dodged that the only ways to turn bitcoins into cash right now are a single shady bank in taiwan and circle/coinbase where you're limited to hundreds of dollars in cash withdrawals a week

or i guess you can meet someone at starbucks and get paid in gift cards

HelloIAmYourHeart posted:

Solice Kirsk posted:

BWM, but good with paint choice. I love that shifting color paint. Reminds me of the 90's.

22 Eargesplitten posted:

Yeah. The front range includes places like Denver and Boulder. He is in one of the cheapest parts of it, but I still wouldn't call it low CoL. Add the fact that his wife will probably have to quit working for a while, he's not going to be doing all that great. It might be one of the cheapest parts, but it also has a pretty bad job market unless you want to drive an hour to Denver every day. If he did, I guess within a few years he could be up to 70k+ which would be great for the area, but he would also never see his kid.

Also JFC people younger than me are intentionally having kids. Kids are BWM, join the no-spawn movement at r/childfree.

Higgy posted:

Take out a Horse Equinty Line of Credit and call the horse tow truck duh.

quote:

Pretty sure the only solution to my problem is: "go find a second job and work two until everything is paid off and you have savings" but I'm going to ask anyway. I want to eventually stop renting, and have money to save for emergencies and retirement. AT this point I don't see it happening ever.

So firstly, I want to say that I've checked the "35-45?" on the sidebar, and none of that applies to me so I don't know where to look for advice. From the age of 21 up until last year, I was with my ex who had control of our finances. I was not allowed to touch them, but was given about $250 a month to pay for clothes, games, and the like, so I'm literally doing this for the first time since then, which is why the sidebar doesn't apply to me. I have no real estate, about $5000 in my retirement, and no idea what to do going forward. Before that, I lived with my mother and worked part time. This is the first time I've been on my own (pathetic, yes I know).

Income: $2020 a month (There is no advancement for my job, I'd have to get a degree to find another job and I can't do that)

Rent: $900 (850+ 30 cat + 20 water)
Insurance car+rental ins: $139
Car payment: $389 (This has been refinanced, and it's down from $465)
Food: $250 (includes pet stuff)
Phone: $45
Gas: $40-ish
Electric: $80-100
Credit cards: $110 ($35, $40, 35 one of these is down to $171, other $1200, last $1242)
Furniture: $65 ($775 left on this, when I left I had just clothes and had to buy everything)
Internet: $117 (Verizon screwed me big time on this. Was supposed to be $75 with taxes/fees/ everything but no matter how many times I fought, this is the only thing they would give me without charging me $350 in cancellation fee because "It was already put through".)
Medical: $80

Now the big issue is, I am going to have student loans smack me in the face soon. Unfortunately, even though I still don't have a degree, I can't put off paying this anymore so incoming an additional $300.

SO my question is, do you see any way out of this situation? I am already behind as it is, so, I'm not sure what to do to make my situation any better aside from either getting a personal loan to combine what's left of my furniture and credit cards into one smaller sum and free up $100 or so. That's all I got. Oh and to get a part time job. Other than that, I'm lost. Any advice? Oh also I use YNAB now, it's the only way I can keep myself from going more insane than I already am about this.

Edit: Also I don't know if this is debt or planning so I'll stick it in debt for now.

Edited edit: I also wanted to actually finish getting a degree, and work up to getting a bachelor's, but, considering I have no money and would have to pay for it with a personal loan of some sort, I don't think it's gonna happen ever but that is something I'd like.

quote:

The dumbest part, is we bought this car a year prior to me leaving him, so I'm literally just starting it AND my other car was paid off. I could have had a car right now with no car payment if I hadn't found my dream car for a good price and purchased it.