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Primetime posted:Or you know...buy Christmas or holiday gifts in November/December The trick is to give gifts every month to keep the budgeting mostly consistent.
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Jul 5, 2017 18:06
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Subjunctive posted:The trick is to give gifts every month to keep the budgeting mostly consistent. Just give the gifts to yourself every month except December, perfect plan!
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Jul 5, 2017 18:06
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ate all the Oreos posted:Just give the gifts to yourself every month except December, perfect plan! This is a good plan
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Jul 5, 2017 18:23
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Subjunctive posted:The trick is to give gifts every month to keep the budgeting mostly consistent. Christmas Club accounts will be making a comeback.
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Jul 5, 2017 18:29
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ate all the Oreos posted:Serious question: travel agents still exist?! a coworker of mine (making ~200k as a software developer) quit to become a travel agent because he was frustrated he had a 'fixed upside' to his income. never gonna become a millionaire making 1/5 of a million dollars, right?
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Jul 5, 2017 18:32
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the talent deficit posted:a coworker of mine (making ~200k as a software developer) quit to become a travel agent because he was frustrated he had a 'fixed upside' to his income. never gonna become a millionaire making 1/5 of a million dollars, right?
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Jul 5, 2017 18:51
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ate all the Oreos posted:Just give the gifts to yourself every month except December, perfect plan! Buy the gifts for yourself that you think a rich person would buy for themselves.
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Jul 5, 2017 19:05
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the talent deficit posted:a coworker of mine (making ~200k as a software developer) quit to become a travel agent because he was frustrated he had a 'fixed upside' to his income. never gonna become a millionaire making 1/5 of a million dollars, right? Ah nice, another temporarily embarrassed millionaire.
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Jul 5, 2017 19:16
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the talent deficit posted:a coworker of mine (making ~200k as a software developer) quit to become a travel agent because he was frustrated he had a 'fixed upside' to his income. never gonna become a millionaire making 1/5 of a million dollars, right? UGH An annual salary of 200k works out to roughly 100 an hour. If you can be paid 100 an hour to do something, you can get clients paying you much more than that per hour for consulting, or just negotiate a value-priced contract to get an effective "wage" of over 1000 an hour, or just spend nights and weekends writing and marketing a book called "What I know that you don't (yet!) which gets me 200 large a year" and get paid for that fixed investment of time for years to come. Any of these plans would build on and leverage your existing expertise instead of tossing it in the garbage for selling tickets to other people's planes and resorts. OH, or, if he feels like he needs to meet his destiny of wealth right away, why not just work for a startup for equity which has a Whatever, fine. If he's left the industry, it's just more VC for the rest of us to waste.
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Jul 5, 2017 19:16
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Noctone posted:Ah nice, another temporarily embarrassed millionaire. This is non-specific BWM, but almost every single MLM Company uses that in their pitch. "Why be stuck making $10 an hour? There are only 24 hours a day and that puts a cap on how much you could ever possibly earn. Wouldn't you like to have unlimited income potential?" Literally every single one.
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Jul 5, 2017 19:18
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ate all the Oreos posted:Just give the gifts to yourself every month except December, perfect plan! If you're a jerk, yeah.
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Jul 5, 2017 19:25
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Doc Hawkins posted:An annual salary of 200k works out to roughly 100 an hour. If you can be paid 100 an hour to do something, you can get clients paying you much more than that per hour for consulting, or just negotiate a value-priced contract to get an effective "wage" of over 1000 an hour, or just spend nights and weekends writing and marketing a book called "What I know that you don't (yet!) which gets me 200 large a year" and get paid for that fixed investment of time for years to come. Any of these plans would build on and leverage your existing expertise instead of tossing it in the garbage for selling tickets to other people's planes and resorts. OH, or, if he feels like he needs to meet his destiny of wealth right away, why not just work for a startup for equity which has a he also wrote a book and got enraged when he worked out his effective hourly rate for writing it was approximately $1.50 he quit to become a travel agent when the company we worked for switched from option grants to rsu grants after an acquisition. our rsu grants were substantially more generous than our option grants
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Jul 5, 2017 19:26
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John Smith posted:Exactly. drat fools just don't learn. If you are living under my roof, then you obey my orders. Whether you agree with my orders or not is immaterial, your compliance is what is required. If my orders are for you to spin 3 times like a top every time you walk through a interior door, then you drat well spin. Mod challenge?
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Jul 5, 2017 19:28
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Saw a video on my FB feed showing an acquaintance who built a "LulaRoe Room." It was a time-lapse video of a bedroom being painted and loaded wall-to-wall with shelves meant to store a large shipment of clothes inventory they had just received.  I too dream of one day converting ~20% of my rental home in to a closet full of unsold merchandise.
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Jul 5, 2017 19:40
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Noctone posted:Ah nice, another temporarily embarrassed millionaire. A formerly temporarily embarrassed millionaire. It's now never millionaire.
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Jul 5, 2017 19:42
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the talent deficit posted:he also wrote a book and got enraged when he worked out his effective hourly rate for writing it was approximately $1.50 Yeah, but options are what the big boys get, and I'm a big boy now! Thank you for helping me feel less bad for this person.
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Jul 5, 2017 19:46
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Someone Who Obviously Lives All Alone And Likes To Create Irrelevant Hypotheticals That Will Never Apply To Him posted:Exactly. drat fools just don't learn. If you are living under my roof, then you obey my orders. Whether you agree with my orders or not is immaterial, your compliance is what is required. If my orders are for you to spin 3 times like a top every time you walk
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Jul 5, 2017 19:49
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So with all these MLM schemes, why does the fact you have to personally purchase all the poo poo first to resell to your friends not set off immediate alarm bells? If all you're doing is convincing friends to buy things why would you ever ever spend money yourself first. Just dropship that poo poo.
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Jul 5, 2017 19:53
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the talent deficit posted:a coworker of mine (making ~200k as a software developer) quit to become a travel agent because he was frustrated he had a 'fixed upside' to his income. never gonna become a millionaire making 1/5 of a million dollars, right? 
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Jul 5, 2017 19:53
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Fuzzy Mammal posted:So with all these MLM schemes, why does the fact you have to personally purchase all the poo poo first to resell to your friends not set off immediate alarm bells? If all you're doing is convincing friends to buy things why would you ever ever spend money yourself first. Just dropship that poo poo. They don't target people who ask those questions or make that type of higher-level planning I actually think it's gross that they deliberately target insecure people desperate to prove themselves to the world but yeah MLM scammers and other quick-witted opportunists are pretty in-tune with how most people think, and make decisions and can easily identify targets worth pursuing vs assholes like me who try to make a mockery of their pitch I guess that's true of sales in general
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Jul 5, 2017 19:56
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Fuzzy Mammal posted:So with all these MLM schemes, why does the fact you have to personally purchase all the poo poo first to resell to your friends not set off immediate alarm bells? If all you're doing is convincing friends to buy things why would you ever ever spend money yourself first. Just dropship that poo poo. Because you have to have physical goods and the theoretical potential of profit from those goods to avoid getting shut down under pyramid scheme laws. Then the companies are invested in selling you on the idea of this business rather than the products (be your own boss, unlimited income potential, choose your own hours, freedom, etc)
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Jul 5, 2017 19:57
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You have to spend money to make money. Also now you're invested because you've purchased the products and people are all about justifying sunk costs.
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Jul 5, 2017 20:26
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I mean it's not private art school, but uh... $253,000 in debt, one more year of school left. quote:Between all my debts, vast majority of which is school debt- both private and federal, I am $253,xxx in debt and counting. I work at job that I make around $33,000 a year with no indication of being promoted, or cracking $40K. I'm in school to be a school counselor and it seems once I land a job in that field, my salary will probably double. I don't know what to do, I got myself into this and I know slowly, but surely I can get myself out, but where is a good starting point? quote:Out of curiosity, how did you amass this amount of student loan debt? OP posted:Outright stupidity. I took years to finish my BA, then got one Master's and am now pursuing another. quote:Are all degrees in the same field? OP posted:BA in Sociology and MFA in Human Services
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Jul 5, 2017 20:44
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Maybe it's because I came from perhaps the last generation before student loans became widely popular and easy to get, but it staggers me that someone not pursuing a medical doctorate could or would rack up a new house worth of loans. I paid for school with my GI Bill. A different kind of loan to be sure in that I had to loan myself out for 4 years of digging holes in the rain and guarding the motor pool but I ended up with no debt. I can't imagine being out of school staring at 230k with a 33k/year teaching job and two small children. How does the rationalization for that even work? This guy will probably be paying that the rest of his life or close enough.
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Jul 5, 2017 21:14
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Enfys posted:I mean it's not private art school, but uh... A quarter of a million dollars to educate a school guidance counselor 
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Jul 5, 2017 21:17
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It's really easy to talk yourself into loans as a good investment. College marketing departments earn their salaries
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Jul 5, 2017 21:18
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My high school counselor told me it wasn't a terrible idea for me to borrow 20k a semester for going to school across the country. Mind you I had no idea what I wanted to study lol. I was a few signatures away from borrowing my first chunk at 40,000. This was after having grown up in a household where the family income for six people was maybe 25k on a good year.... The counselor was like "s'all good, everyone takes loans bro." I then came to goons for advice (generally not recommended but hey), and I was quickly corrected out of that suggestion amidst a lot of insults. This was nearly ten years ago (I ended up going to the local state uni and graduating with less than 30k of debt for a BA+MA, thanks for saving my rear end from a life of miserable debt, goons). My point is other people, especially people you're supposed to trust, can't be trusted at all. Most people realize this entirely too late, after they've already signed up for life-changing debt. Plus, it's really hard for younger people to weigh risk vs reward as their brain hasn't really developed those bits fully. Combine that with generational poverty and a "shot at making it," and these loans really do sell themselves. It's sick and the blame imo lies equally with everyone, from the victims of insane debt that no reasonable person should ever take to the schools to the pushy loan companies, downright to the idiot teachers and counselors who don't know poo poo outside of their puny existence and should keep their mouth shut unless it relates to their subject of expertise. KingSlime fucked around with this message at 21:24 on Jul 5, 2017 |
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Jul 5, 2017 21:19
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I think most travel agents are free if you do the legwork yourself and just use them to book a hotel reservation with their virtuoso benefits. There is definitely a luxury travel agent market out there.
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Jul 5, 2017 21:20
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I'm honestly a little surprised the student loan crisis hasn't spurred a suicide epidemic. I don't understand how these people cope with the fact that they'll pretty much be behind the eight ball for the rest of their lives.
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Jul 5, 2017 21:24
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Noctone posted:I'm honestly a little surprised the student loan crisis hasn't spurred a suicide epidemic. I don't understand how these people cope with the fact that they'll pretty much be behind the eight ball for the rest of their lives. Because, like a car payment, it's just something you pay a couple hundred dollars on every month until you die.
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Jul 5, 2017 21:26
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Carry around the amount of student loans you think a rich person would carry
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Jul 5, 2017 21:29
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Noctone posted:I'm honestly a little surprised the student loan crisis hasn't spurred a suicide epidemic. I don't understand how these people cope with the fact that they'll pretty much be behind the eight ball for the rest of their lives. give it a little more time, it will happen I am horrified for my underemployed friends who owe anywhere from 2-8x more than I do for a BA (or a loving associate's in the case of a very unfortunate and gullible soul)
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Jul 5, 2017 21:32
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monster on a stick posted:Carry around the amount of student loans you think a rich person would carry This is extremely good advice because that number is probably very low!
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Jul 5, 2017 21:33
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Ixian posted:This guy will probably be paying that the rest of his life or close enough. Same reason otherwise GWM people keep buying houses in the middle of bubbles - "it's good debt!" A lot of the old personal finance advice is becoming outdated but nobody seems to be questioning it.
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Jul 5, 2017 21:35
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Cold on a Cob posted:Same reason otherwise GWM people keep buying houses in the middle of bubbles - "it's good debt!" This varies dramatically by local market, but trying to time the housing market is like trying to time any other market: not a long-term winning plan. In markets where houses are expensive but rent is even more expensive, why not buy a house if it's significantly cheaper than renting something similar? You even get a tax subsidy because we've decided that high-income homeowners deserve the largest chunk of government benefits.
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Jul 5, 2017 21:42
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Doesn't hurt to go for an undue hardship petition in a chapter 7 process at that point. Who knows you might just convince a judge!
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Jul 5, 2017 21:43
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Twerk from Home posted:This varies dramatically by local market, but trying to time the housing market is like trying to time any other market: not a long-term winning plan. One of the arguable signs of a housing bubble is rents are significantly cheaper than mortgaging and investor/landlords are losing money on houses month-to-month, because the demand is among investors not people that will buy and inhabit. You'll also see a lot of vacant houses in a bubble market, for example. I absolutely agree that this will vary by market. That's my problem with advice like "housing debt is always good debt".
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Jul 5, 2017 21:54
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Twerk from Home posted:This varies dramatically by local market, but trying to time the housing market is like trying to time any other market: not a long-term winning plan. I think you mean "timing the market is not a winning plan for other people, but i'm a winner who's smart and good at it"
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Jul 5, 2017 21:56
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Cold on a Cob posted:One of the arguable signs of a housing bubble is rents are significantly cheaper than mortgaging and investor/landlords are losing money on houses month-to-month, because the demand is among investors not people that will buy and inhabit. You'll also see a lot of vacant houses in a bubble market, for example. This is what makes me think that lots of US markets aren't in a bubble, but just really expensive. Sure, that run-down old house costs $480k now, but renting the equally worn-down house across the street would be $3600/mo so it's still much cheaper to buy.
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Jul 5, 2017 21:58
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Just to clarify, I'm not suggesting you should try to time the housing market, but if the cost of a single family home is 12x your yearly gross family income then maybe buying said house might be a BWM move and you should ignore people who say "all mortgage debt is good debt  ".
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Jul 5, 2017 22:05
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