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I was at the grocery store and a middle aged guy was writing a check with his wife and kid looking awfully concerned behind him. It sounded like the cashier couldn't do the direct debit for whatever reason so he was probably floating money. Remember when it was possible to float money? Those were good times. I wouldn't be surprised if a not insignificant number of title pawn loans are for people who would otherwise just be writing checks that would only clear two days from now.
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Jul 13, 2017 15:19
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Cloks posted:Extremely forums poster John Smith voice: You should be charging that human rent because they live in your house and consume your goods. I hope you're keeping a running tab of what they owe you so you can present the bill to them when they can assume fiduciary responsibility. Hoodwinker posted:Having children is needlessly reckless behavior and it's entirely your fault when your child marries a person of low class and standards, resulting in tainting of the family bloodline.
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Jul 13, 2017 15:21
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No Butt Stuff posted:At least if I have friends who use my bank, I can send them money that way. If they use a different bank, then it's impossible and I give up. Coming from Europe, this is just baffling. It really doesn't matter what bank anyone is using, just need the BIC and IBAN. Ashcans posted:It's probable that we shouldn't call it 'balancing a checkbook' anymore because even people who write checks probably aren't filing out the register and then checking it against their bank statement, but the basic concept that it is trying to teach you is reconciling your transactions with your assets so that you know where your money is going and that there aren't any mistakes. That is actually a pretty significant and valuable lesson that a lot of people probably don't get until they gently caress up whatever self-management they have developed and overdraw/bounce payments and get to deal with the fallout from doing so. Reconciling your bank account keeps you aware of all those little monthly subscriptions which have become extremely popular online.
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Jul 13, 2017 15:24
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John Smith posted:Nope! Just don't have one, if you are not willing to accept the responsibility. The freedom to choose includes the freedom to not do something. I appreciate that even our mocking caricatures of you don't meet up to the actual you in terribleness. Also go gently caress yourself.
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Jul 13, 2017 15:33
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https://www.reddit.com/r/personalfinance/comments/6n16rm/jobless_nearly_broke_2_houses_2_cars_with/quote:So almost a year ago, I left my 64k a year job to work for a start-up, I withdrew my 50k 401k (after taxes and fees) and loaned it to the business owner with the assumption that it would be paid back by Christmas plus he would cover taxes and penalties for withdrawing, and I would be making nearly double what I was making. That has completely fallen through, the owner proved to be a deceptive snake oil salesman, and while he is paying back the loan, it is over a much longer period, and I am no longer working for him, and suing him is not an option. I am charging him interest, but my immediate situation is rather dire. I have no job but am actively applying to places, my wife works but only makes $9 or $10 an hour and usually works ~30hrs, I own a rental house that isn't making money, but have only owned it for a couple years so don't have much equity (I am going to sell this one but have to notify tenants and it will take time to sell), I own the home I am living in and paying 750 a month on a land contract with 0% interest, but have owned for less than a year. I have two cars with significant loans on them (each one is around 15k-17k) and I am underwater by about 6 or 8k total between the two (one had my prior car's remaining balance rolled into it, and they have both depreciated significantly). I owe the IRS 13k from the withdrawal, and am on a $230/month payment plan with them. On top of all that, I have racked up about 10k in credit card debt over the last year, my credit score is shot, and my wife has student loans that are about $400 a month. I am less than a month away from being completely broke. Do I have any options besides bankruptcy? I'm feeling pretty hopeless, and I obviously regret my decision to leave the stability of my last job, but I don't know where to begin to fix this.
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Jul 13, 2017 15:44
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No place on earth where you should make a start-up except for the sf bay area and no start-up on earth you should work for, for less than 100 grand and a deec amount of equity vested 4 years cliff at 1 year (The equity can vary orders of magnitude, that's fine. If you have less than 5% don't count on getting rich unless the company becomes a tech major) (The first employee gets 2-4%, later employees slope down w/ exception of c level hires) curufinor fucked around with this message at 15:52 on Jul 13, 2017 |
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Jul 13, 2017 15:49
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ate all the Oreos posted:I appreciate that even our mocking caricatures of you don't meet up to the actual you in terribleness.  Unlike many of you, I don't feel obliged to maintain the little social courtesies and fiction when I am online. We all have a station in life, why pretend otherwise? The truth may be uncomfortable to you, but things are what they are. P.S. Mind you, I am not saying it is everything in life. But it is ***certainly*** not nothing in life either. Just so silly to hear people politely pretending otherwise. John Smith fucked around with this message at 16:02 on Jul 13, 2017 |
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Jul 13, 2017 15:55
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Just lol at the chain of red flags.quote:the guy was a family friend quote:He hadn't done this before, but was supposed to have vast amounts of knowledge and experience quote:He assured me that the business was a sure thing. quote:I thought I had assurances of monthly income after I put in my share, but we never worked it out officially. quote:Unfortunately the other guy is pretty much broke right now too, but I should be getting another lump payment from him in or around September. I'm holding out hope and budgeting around that
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Jul 13, 2017 15:57
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Why yes, I will both work for and be a venture capitalist for this startup that's sure to succeed. It worked for that Facebook guy who they tried to cheat out of millions. But I'm smarter, they can only cheat me out of thousands.
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Jul 13, 2017 16:09
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there is something to be said about someone who spends a lot of energy pushing this narrative of being a superior human being to complete and total loving strangers (goons no less), half of who hate your guts why you trying so hard with us, who gives a poo poo what goons think? Did you run off all your irl friends or are you just another loser posing really, really hard for the internet? Nothing about your posting hints at you being a well-adjusted, successful male? Obviously we don't take what you say at face value. Anyways idiot libertarians aside, BWM chat! My friend is running for Favor, she made a cool $70 in one morning. Not awful, right? Well I played some BUSINESS MATH with her and after deducting gas, taxes, and misc expenses, she ended up making $10/hr to put miles on her car. Not hugely horrifying until you consider the cost of living in Austin....there's hundreds and hundreds of Favor "runners" in Austin, how are they even getting by?? Yay gig economy! GIgs are nice for bonus income but good god, why would you think living off of "app money" is even remotely sustainable?! Just Get A Job KingSlime fucked around with this message at 16:36 on Jul 13, 2017 |
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Jul 13, 2017 16:34
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curufinor posted:No place on earth where you should make a start-up except for the sf Bay Area 
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Jul 13, 2017 16:43
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People try to make money off app jobs because they're desperate and may otherwise be unemployed. Its a job you're basically guaranteed to get and those firms all have marketing dollars to convince people it's a good idea. The only app I feel guilt free using is task rabbit as the fees are high enough that I assume people are getting s good deal working on it. The rest are all miserable. What are the chances my uber driver sleeps in his car? 10%? 5%?
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Jul 13, 2017 16:47
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I'm going to need to you make a list of other places where you can get 2-100 million for objectively stupid ideas
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Jul 13, 2017 16:51
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I like Spotify and Google Maps.
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Jul 13, 2017 16:51
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curufinor posted:I'm going to need to you make a list of other places where you can get 2-100 million for objectively stupid ideas Goalposts, baby, but Seattle, Boston, NYC, Paris, definitely definitely Beijing. You're saying "do not start any business anywhere in the world but these 3 area codes", which is just stupid.
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Jul 13, 2017 16:53
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curufinor posted:I'm going to need to you make a list of other places where you can get 2-100 million for objectively stupid ideas You have a weird definition of 'start-up'
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Jul 13, 2017 16:54
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KingSlime posted:there is something to be said about someone who spends a lot of energy pushing this narrative of being a superior human being to complete and total loving strangers (goons no less), half of who hate your guts Dude is just trolling around. If it bothers you, just ignore.
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Jul 13, 2017 16:55
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Blinkman987 posted:People try to make money off app jobs because they're desperate and may otherwise be unemployed. Its a job you're basically guaranteed to get and those firms all have marketing dollars to convince people it's a good idea. There was an article about people who lived like 2 hours outside of San Francisco and would drive into SF to drive Uber for days at a time while sleeping in their cars in a Safeway parking lot. Most of them had given up real jobs to do this, had families they never see, and when the reporter asked them "Like, isn't this just really loving stupid, don't you want to have some protections or benefits?" I remember one of the guys screeched that he'd hate that because he wants to be his own boss! edit: gently caress, while I was looking for the article, I found a forum for uber drivers that is absolutely dripping with bad with money guy who is figuring it out posted:Here is two rides I took yesterday. the average american voter posted:Why are you calculating by the mile. Your doing a driving Job with your own car. Your going to put wear and tear plus miles on the car so you don't go by the miles. You made $20 in 5 minutes. If you can find a job that pays you $20 for 5 min of work please let me know. another fun one: https://uberpeople.net/threads/what-base-fare-1-69.167719/%1D pathetic little tramp fucked around with this message at 17:09 on Jul 13, 2017 |
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Jul 13, 2017 16:55
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Blinkman987 posted:People try to make money off app jobs because they're desperate and may otherwise be unemployed. Its a job you're basically guaranteed to get and those firms all have marketing dollars to convince people it's a good idea. I drive for Uber / Lyft about once every couple of months when I know I'm gonna need a bit of extra money coming up. Doing the math it is essentially transferring the value of my car for cash, but sometimes you need it.
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Jul 13, 2017 16:56
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Subjunctive posted:Goalposts, baby, but Seattle, Boston, NYC, Paris, definitely definitely Beijing. Beijing, sure, if you have the guanxi i guess But I've been told the experience of raising is like purgatory in nyc compared to the bay area, and like hell in other places And I'm not saying don't start a business, just saying don't start a business with world spanning ambition I don't know if you buy that definition of start-up or not, but i think it's a decent operational definition E: and judging by that guy's behavior, he was under that operational definition too curufinor fucked around with this message at 17:01 on Jul 13, 2017 |
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Jul 13, 2017 16:57
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Nobody likes you, go gently caress the devil in hell. I'll edit something BWM in shortly to stay on topic but really man shut the gently caress up you sizzle-dick motherfucker, even on ignore you're still an idiot. e. ok got something Context: the owner of that site is a former canadian politician/current financial advisor that's been bearing on the canadian housing bubble for years. A number of weeks ago during a local market maximum, a dude name derek wrote in to say that his house sold but the buyer flaked. Housing is down like 12%+ since then, but the buyer is responsible for the difference between what the house sells for and what they agreed to buy it for. quote:First up, Derek. You may recall this blog dog sold his North GTA McMansion at the height of the frenzy prior to Easter, received multiple bids, and picked the highest one – $2.25 million, more than he expected. Days later, with the market starting to turn, the buyers balked. They begged to be let out of the deal, then the mean lawyers were called in. Ultimately Derek relisted (for $2.25), later dropping the price to $1.9. BWM: overleveraging yourself to buy an asset in a bubble BWM square: shelling out an amount in the high six figures for the same property except you don't actually own it and can't mortgage the balance. Coulda bought a house for that! 
Guest2553 fucked around with this message at 17:05 on Jul 13, 2017 |
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Jul 13, 2017 16:57
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omnibobb posted:I drive for Uber / Lyft about once every couple of months when I know I'm gonna need a bit of extra money coming up. Doing the math it is essentially transferring the value of my car for cash, but sometimes you need it. Yeah, it's a reverse mortgage for your car. Chances are you make more money delivering pizzas. I made pretty good scratch doing that.
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Jul 13, 2017 17:01
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curufinor posted:I don't know if you buy that definition of start-up or not, but i think it's a decent operational definition I don't, and neither do most of the 15 startups who pitch me for funding in a given month. I'm not sure where you're sampling, so maybe you see a different company mix, but very few founders I see are Trying To Be Google.
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Jul 13, 2017 17:01
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Subjunctive posted:I don't, and neither do most of the 15 startups who pitch me for funding in a given month. I'm not sure where you're sampling, so maybe you see a different company mix, but very few founders I see are Trying To Be Google. Don't you do small angel rounds? You definitely start getting the megalomaniacs at series a, at least. Worked for a few of those
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Jul 13, 2017 17:03
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curufinor posted:Don't you do small angel rounds? No, I don't do angel rounds. I write $750K-$2.5M cheques on rounds up to about $4M, for a first cheque.
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Jul 13, 2017 17:05
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KingSlime posted:there is something to be said about someone who spends a lot of energy pushing this narrative of being a superior human being to complete and total loving strangers (goons no less), half of who hate your guts But this specific sidetrack isn't on me, is it? Considering that you are at fault here. Nope. I am very aggressive and definitely not well adjusted. But yes, I do claim to be ***somewhat*** successful (modest, nothing special) if you chose to define success in a very narrow financial sense. Make of it what you will since this is the internet.
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Jul 13, 2017 17:06
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Subjunctive posted:No, I don't do angel rounds. I write $750K-$2.5M cheques on rounds up to about $4M, for a first cheque. Ah, well, ok. You do definitely see a lot of megalomaniacs hiring, at least, but this is the delicate art of fibbing to engineers, anyhow.
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Jul 13, 2017 17:07
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curufinor posted:Ah, well, ok. You do definitely see a lot of megalomaniacs hiring, at least, but this is the delicate art of fibbing to engineers, anyhow. Do you even remember what you're talking about?
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Jul 13, 2017 17:07
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Guest2553 posted:BWM: overleveraging yourself to buy an asset in a bubble Canada is going to be majorly hosed when the real estate bubble crashes. I wonder how many of their major banks will go under. John Smith posted:Nope. I am very aggressive and definitely not well adjusted. Well sir, if you are not well adjusted, then you definitely do not belong on these forums with all the other definitely not well adjusted people.
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Jul 13, 2017 17:08
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Subjunctive posted:Do you even remember what you're talking about? Yes. By "megalomaniacs" i mean those people with probably delusional but still strong world spanning pretensions, aka those people within the more limited definition of a start-up. You don't get nearly that volume of that kind of people in nyc , for example
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Jul 13, 2017 17:10
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Guest2553 posted:Nobody likes you, go gently caress the devil in hell. I am in the right in this very specific instance. Kindly take your anger to the poster where it rightfully belongs.
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Jul 13, 2017 17:12
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This thread sucks
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Jul 13, 2017 17:13
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Barry posted:This thread sucks do something about it then! watchu got for us
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Jul 13, 2017 17:15
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How does a housing market turn in only a few days time? That's some grade A pure unstepped on speculation right there. My sister's 400k house deal fell through because the inspector came back and said the wiring had to be ripped out and then the owners refused to let anyone test for radon. There's no radon issue. I'm sure their agent told them to refuse so the buyers would get spooked and bail. Now they'll relist and say the wiring's hosed and sorry that is 'as is' for a 400k house in Denver.
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Jul 13, 2017 17:26
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Blinkman987 posted:People try to make money off app jobs because they're desperate and may otherwise be unemployed. Its a job you're basically guaranteed to get and those firms all have marketing dollars to convince people it's a good idea. I read an article interviewing Task Rabbit employees and a lot of them were homeless 
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Jul 13, 2017 17:27
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Or, you could look at it as you're giving the homeless a job and money. Every cloud.
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Jul 13, 2017 17:36
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there's gotta be some bwm stories in this one https://www.cbinsights.com/blog/biggest-startup-failures/ also: http://www.businessinsider.com/yahoo-ceo-marissa-mayer-blows-millions-on-parties-and-sponsorships-says-eric-jackson-2015-12 e: lol $7 million party that's probably enough to actually get decaprio to show up, isn't it
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Jul 13, 2017 17:56
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I wish someone had paid me $300 million to ruin a dying company further.
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Jul 13, 2017 18:02
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GWM for mayer, true BWM for shareholders
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Jul 13, 2017 18:04
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Solice Kirsk posted:Or, you could look at it as you're giving the homeless a job and money. Every cloud. Cute. The greatest comment I've ever seen on Hacker News was on some "gig economy" story; it was a guy who explained that none of this was new to him, he was able to order cars and groceries on-demand from his phone in the 90s, because he was living in Mumbai. "The secret of the gig economy is simple: it's just income inequality."
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