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Ahem Motronic posted:...with the lifestyle, life skills and breeds involved those horses most definitely are less expensive than a car if I'm right. I don't know, it would take some really creative accounting to make a horse less expensive per distance traveled than a car. if you own a bunch of land to let them forage and don't offset the opportunity cost of putting it to more productive use, are willing to put in significant personal labor into maintaining the horse and ignore that time spent, own a stable and don't include the depreciation, and get veterinarian services exchanged in kind by the community, maybe the cash spent per mile is lower than a car. But then if you were a trained mechanic and owned an oil well, operating a car wouldn't seem too expensive.
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# ? Jun 8, 2017 02:04 |
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# ? May 14, 2024 21:58 |
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AreWeDrunkYet posted:I don't know, it would take some really creative accounting to make a horse less expensive per distance traveled than a car. if you own a bunch of land to let them forage and don't offset the opportunity cost of putting it to more productive use, are willing to put in significant personal labor into maintaining the horse and ignore that time spent, own a stable and don't include the depreciation, and get veterinarian services exchanged in kind by the community, maybe the cash spent per mile is lower than a car. But then if you were a trained mechanic and owned an oil well, operating a car wouldn't seem too expensive. This is fair. I'm mentally biased since I grew up around the Amish, so I'm factoring in a lot of things like not actually traveling further than a horse can go without water in both directions as this is how those communities are set up. These are self reliant people who do what needs to be done. I don't want to say they put no value on their time, but it's not like caring for and breeding horses is actually costing them actual cash money. It's part of what they do. (I guess this doesn't belong here, so I'll stop, but the basic explanation in it's most ugly form is that their time and labor isn't "worth" as much in cash because of the things they can not do based on their beliefs)
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# ? Jun 8, 2017 02:16 |
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Motronic posted:They look like standardbred trotters to me, which is part of why I'm suggesting Amish. Guy behind the windshield looks like he has an Amish shirt.
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# ? Jun 8, 2017 02:17 |
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Higgy posted:Another reddit gem but at least he's asking before jumping:. If he has 80k in his TFSA he must be doing great because the cumulative deposit limit since 2009 is only 52k.
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# ? Jun 8, 2017 02:58 |
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Dillbag posted:If he has 80k in his TFSA he must be doing great because the cumulative deposit limit since 2009 is only 52k. No, he has 80K including TFSA.
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# ? Jun 8, 2017 03:54 |
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Motronic posted:They look like standardbred trotters to me, which is part of why I'm suggesting Amish. Nah, short back + mealy muzzle + big ears = mule. Amish use mules too. I was a weird horsey girl so I know this poo poo
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# ? Jun 8, 2017 03:55 |
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Amish kids in their early teens will drive a small buggy to town with a single mule pulling it. It's absolutely adorable. E: presumably Amish, maybe Old Order or similar groups too.
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# ? Jun 8, 2017 04:50 |
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Amish-ish.
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# ? Jun 8, 2017 04:55 |
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This is from, ~10 pages ago, but can you seriously purchase a filter on snapchat so every single picture has an overlay on it in a specific location? Does this mean that I can buy a geofilter for a business I hate so everytime someone takes a picture in the vicinity it shows up?!? Oh my god I am about to go bad with money very very soon.
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# ? Jun 8, 2017 07:43 |
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Suspicious Lump posted:This is from, ~10 pages ago, but can you seriously purchase a filter on snapchat so every single picture has an overlay on it in a specific location? It's available to the user, not mandatory.
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# ? Jun 8, 2017 10:07 |
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Ashcans posted:I just want to be able to afford that avocado on toast.
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# ? Jun 8, 2017 13:36 |
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Suspicious Lump posted:This is from, ~10 pages ago, but can you seriously purchase a filter on snapchat so every single picture has an overlay on it in a specific location? There's an approval process. But I'm going to guess Snapchat's standards aren't the highest in the industry considering how long they kept those speed limit stickers up after kids started getting into wrecks.
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# ? Jun 8, 2017 14:01 |
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Krispy Kareem posted:There's an approval process. But I'm going to guess Snapchat's standards aren't the highest in the industry considering how long they kept those speed limit stickers up after kids started getting into wrecks. Yeah, idk. People have been taking pictures of speedometers for a long time, and teens have been speeding for a long time. It's not clear that there's a causality chain involving Snapchat.
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# ? Jun 8, 2017 14:23 |
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26, looking to leave an 80k/year job so I can make arts and crafts from home. Is this insane? posted:
https://www.reddit.com/r/personalfinance/comments/6fwjzz/26_looking_to_leave_an_80kyear_job_so_i_can_make/ It's a long post so I picked some good quotes. Long story short guy has an $80k a year salary, has an employer matched 401k, and 20k in student loans. But he needs to follow his dreams and make art.
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# ? Jun 8, 2017 14:45 |
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That guy's numbers don't add up, I don't see how he's netting $5k/month on $80k/year.
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# ? Jun 8, 2017 15:21 |
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Ebola Roulette posted:https://www.reddit.com/r/personalfinance/comments/6fwjzz/26_looking_to_leave_an_80kyear_job_so_i_can_make/
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# ? Jun 8, 2017 15:22 |
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Ebola Roulette posted:https://www.reddit.com/r/personalfinance/comments/6fwjzz/26_looking_to_leave_an_80kyear_job_so_i_can_make/ It's too bad they don't let you make art on the nights/weekends.
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# ? Jun 8, 2017 15:28 |
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Noctone posted:That guy's numbers don't add up, I don't see how he's netting $5k/month on $80k/year. Is 75% post-tax not realistic? I have no idea what taxes are like for a single person anymore, and I don't know what Massachusetts taxes are like.
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# ? Jun 8, 2017 16:15 |
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22 Eargesplitten posted:Is 75% post-tax not realistic? I have no idea what taxes are like for a single person anymore, and I don't know what Massachusetts taxes are like. A paycheck calculator puts his monthly net at $4682, he might have rounded it to $5k or he might have more exemptions or deductions than the 1 I used in the calculator. Remember, $6120 will go to FICA tax for the year before he even pays federal and state income tax.
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# ? Jun 8, 2017 16:20 |
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Droo posted:A paycheck calculator puts his monthly net at $4682, he might have rounded it to $5k or he might have more exemptions or deductions than the 1 I used in the calculator. Which doesn't even account for pre and post tax check deductions like his 401k contributions, insurance premiums etc. I see about 65% of my "pay" as take home when all of that is considered. In any case the answer should be a resounding "no that's stupid and so are you for thinking this is in any way a good idea". Dude needs to find a different job if he's gonna do anything or focus on his ~art~ as a hobby.
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# ? Jun 8, 2017 17:53 |
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Subjunctive posted:Yeah, idk. People have been taking pictures of speedometers for a long time, and teens have been speeding for a long time. It's not clear that there's a causality chain involving Snapchat. "Bad thing has been done before" doesn't mean it's okay to make a bad thing easier to do or more appealing.
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# ? Jun 8, 2017 17:55 |
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Tiny Brontosaurus posted:Dude car life changes wildly by make/model and geography. If she's got an american car in a city that salts the roads a lot, 10 years may be pretty close to junkyard time. My aunt leased a Pontiac G6 with her then boyfriend after she totaled a dodge stratus. She works on the other side of grand rapids and commutes from Holland. MI uses a lot of salt for the harsh winters and it wears on the cars. Her boyfriend didn't buy another car like they planned so she was driving 35k miles a year between her commute and driving him to work for about two years. During this time he would take care of the maintenance and arrange a ride or another car and the whole time he was pocketing the money and not doing anything. Brake pads, battery replacement, alignment were all lies. The only thing he did was two oil changes and a used set of tires. He was pretty elaborate with the excuses. The shop isnt done yet I'll check back in the morning, I need to take it across town to another place for a second quote etc. She found out when the brakes started pulling to one side real bad nearly got in an accident. The shop told her that everything on the car was original. He admitted it and she tried to set him on fire. They had to buy out the lease and do a ton of extra maintenance from all the mileage. After four years that car is practically worthless. What I don't understand was that he was in the car a significant amount of time every day, and he consigned the lease. He could have died, and what did he think would happen? In the end it was GWM because she was planning on marrying the guy.
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# ? Jun 8, 2017 18:29 |
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lampey posted:My aunt leased a Pontiac G6 with her then boyfriend after she totaled a dodge stratus. She works on the other side of grand rapids and commutes from Holland. MI uses a lot of salt for the harsh winters and it wears on the cars. Her boyfriend didn't buy another car like they planned so she was driving 35k miles a year between her commute and driving him to work for about two years. During this time he would take care of the maintenance and arrange a ride or another car and the whole time he was pocketing the money and not doing anything. Brake pads, battery replacement, alignment were all lies. The only thing he did was two oil changes and a used set of tires. He was pretty elaborate with the excuses. The shop isnt done yet I'll check back in the morning, I need to take it across town to another place for a second quote etc. She found out when the brakes started pulling to one side real bad nearly got in an accident. The shop told her that everything on the car was original. He admitted it and she tried to set him on fire. They had to buy out the lease and do a ton of extra maintenance from all the mileage. After four years that car is practically worthless. What I don't understand was that he was in the car a significant amount of time every day, and he consigned the lease. He could have died, and what did he think would happen? In the end it was GWM because she was planning on marrying the guy. Oh my god, he could have killed her. Did she literally try to set him on fire?
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# ? Jun 8, 2017 18:42 |
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Ebola Roulette posted:https://www.reddit.com/r/personalfinance/comments/6fwjzz/26_looking_to_leave_an_80kyear_job_so_i_can_make/ I thought this seemed like a reasonable idea since his income to expense ratio was so little, until I saw the cash on hand and his debt. Maybe in a few years buddy.
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# ? Jun 8, 2017 19:07 |
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Higgy posted:Which doesn't even account for pre and post tax check deductions like his 401k contributions, insurance premiums etc. I see about 65% of my "pay" as take home when all of that is considered. What's the difference between 401k savings that never show up in your paycheck and, for example, making a deposit into a Roth 401k? And if they're functionally the same, what's the point of talking about "take-home" pay? The numbers to worry about (in my opinion) are gross income, disposable income, discretionary income, and savings rate.
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# ? Jun 8, 2017 19:20 |
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AreWeDrunkYet posted:What's the difference between 401k savings that never show up in your paycheck and, for example, making a deposit into a Roth 401k? And if they're functionally the same, what's the point of talking about "take-home" pay? In general 401k is funded with pre-tax dollars, roth is funded with post tax dollars
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# ? Jun 8, 2017 19:28 |
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That's actually a point I didn't think of. I never thought of 401k take-home, but should you? If you consider other money put into savings as part of take-home, it seems like the 401k would be even better savings. Or do you only count what you could choose to spend without taking penalties like with a 401k? It's not like insurance premiums or tax where you're no getting it, you're just getting it differently. Maybe there's a difference between take-home and net?
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# ? Jun 8, 2017 19:43 |
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A 401(k) contribution is a choice and should be included in a budget/not deducted from your gross income. Nobody is going to say, "I need help with my budget. My takehome pay is only 20k a year! (after taxes, health insurance, and 18k in 401(k) contributions)" is a realistic assessment of your budget and "takehome pay" situations.
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# ? Jun 8, 2017 19:47 |
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ranbo das posted:In general 401k is funded with pre-tax dollars, roth is funded with post tax dollars I specifically mentioned a Roth 401k because it's also pre-tax, but the same general logic applies for post-tax savings. "Take-home" pay is a meaningless term. Discretionary and disposable income are not.
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# ? Jun 8, 2017 20:05 |
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22 Eargesplitten posted:That's actually a point I didn't think of. I never thought of 401k take-home, but should you? If you consider other money put into savings as part of take-home, it seems like the 401k would be even better savings. Or do you only count what you could choose to spend without taking penalties like with a 401k?
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# ? Jun 8, 2017 20:26 |
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So Father's Day is coming up, and we need to get gifts for several men in our lives. I suggested to my wife that we dispense with the "try to guess what they want" bullshit and give cash, because receiving cash they have license to get a thing they wanted but we couldn't select. Everyone in our family thinks they're really good at selecting and giving gifts, and they're not - they're terrible and we accumulate crap like nobody's business. She says it's insensitive, that people would be offended, etc. etc. etc. Good with money or bad with money?
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# ? Jun 8, 2017 20:30 |
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AreWeDrunkYet posted:I specifically mentioned a Roth 401k because it's also pre-tax, No, it's not.
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# ? Jun 8, 2017 20:31 |
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EAT FASTER!!!!!! posted:So Father's Day is coming up, and we need to get gifts for several men in our lives. I suggested to my wife that we dispense with the "try to guess what they want" bullshit and give cash, because receiving cash they have license to get a thing they wanted but we couldn't select. Everyone in our family thinks they're really good at selecting and giving gifts, and they're not - they're terrible and we accumulate crap like nobody's business. I guess it depends on how close you are to them? I've been working hard on getting out of debt, building emergency savings, and investing and I told everyone in my life "If you get me something, I'd like cash. If not it's fine, but money to pay off debt is what I want"
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# ? Jun 8, 2017 20:34 |
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EAT FASTER!!!!!! posted:So Father's Day is coming up, and we need to get gifts for several men in our lives. I suggested to my wife that we dispense with the "try to guess what they want" bullshit and give cash, because receiving cash they have license to get a thing they wanted but we couldn't select. Everyone in our family thinks they're really good at selecting and giving gifts, and they're not - they're terrible and we accumulate crap like nobody's business. This might or mght not be on topic but it jas the potemtial to turn into a really bad derail.
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# ? Jun 8, 2017 20:34 |
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EAT FASTER!!!!!! posted:So Father's Day is coming up, and we need to get gifts for several men in our lives. I suggested to my wife that we dispense with the "try to guess what they want" bullshit and give cash, because receiving cash they have license to get a thing they wanted but we couldn't select. Everyone in our family thinks they're really good at selecting and giving gifts, and they're not - they're terrible and we accumulate crap like nobody's business. That's way too culturally-dependent to be possible for strangers to answer.
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# ? Jun 8, 2017 20:36 |
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EAT FASTER!!!!!! posted:So Father's Day is coming up, and we need to get gifts for several men in our lives. I suggested to my wife that we dispense with the "try to guess what they want" bullshit and give cash, because receiving cash they have license to get a thing they wanted but we couldn't select. Everyone in our family thinks they're really good at selecting and giving gifts, and they're not - they're terrible and we accumulate crap like nobody's business. Gift cards are the defacto "giving cash without being gauche and actually giving cash" gift, hth.
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# ? Jun 8, 2017 20:36 |
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Leon Trotsky 2012 posted:A 401(k) contribution is a choice and should be included in a budget/not deducted from your gross income. Lol where's the "$500k and broke (after generous retirement savings, equity in a $1.5MM home, three vacations, charitable donations, and $10,000 in whatever we happen to spend it on)" bit BEHOLD: MY CAPE fucked around with this message at 20:41 on Jun 8, 2017 |
# ? Jun 8, 2017 20:38 |
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EAT FASTER!!!!!! posted:So Father's Day is coming up, and we need to get gifts for several men in our lives. I suggested to my wife that we dispense with the "try to guess what they want" bullshit and give cash, because receiving cash they have license to get a thing they wanted but we couldn't select. Everyone in our family thinks they're really good at selecting and giving gifts, and they're not - they're terrible and we accumulate crap like nobody's business. quote:Economist Sean Snaith believes deeply, along with many in his trade, that gift-giving represents an inefficient reallocation of resources.
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# ? Jun 8, 2017 20:38 |
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Bingo Leon that's the cite I was hoping for - I guess it's much harder for older men though, who might attach more sentiment to a gift they receive from us. Maybe a mixture of 2 sentimental things - a photograph in the card, some food - and then cash or a giftcard as the economic substance of the gift.
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# ? Jun 8, 2017 20:40 |
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# ? May 14, 2024 21:58 |
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Put some food in the card and then a gift card to Victoria's Secret.
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# ? Jun 8, 2017 20:47 |