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Twerk from Home posted:Oh, if he's actually the guy that runs the biggest one of those services, then yes he could be making 40x the rent. He's acting directly as a money launderer for foreign nationals. Surely nobody would do anything illegal with cryptocurrency?
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# ? Aug 4, 2017 17:06 |
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# ? Jun 3, 2024 22:43 |
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blah_blah posted:It's really hard to get off the treadmill when your comp keeps going up and up even as the hours and stress get worse and worse. Congrats to her on actually doing that. It's not at all uncommon in NYC finance. Young finance guys (and gals) work themselves to death in their 20s and build up a big stash of cash, then quit and do what they really want to do at 30-35. It's the origin story for most of those cute little non-chain cafes you find in nice areas of NYC. You aren't suffering with a walk-up studio in Manhattan in your '20s. You are basically just sleeping there, so how big does it need to be?
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# ? Aug 4, 2017 17:08 |
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SquirrelFace posted:A big thing around here is mini horses. All the expense of a horse, none of the utility. Can't even ride them! They're really cute though... They may be service animals.
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# ? Aug 4, 2017 17:22 |
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Nail Rat posted:As they'd have to be bred specifically for that (read: inbred) I'm sure they actually are even more expensive than regular horses with even more maladies. It's a miracle Lil' Sebastian lived for as long as he did.
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# ? Aug 4, 2017 17:36 |
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ohgodwhat posted:"I signed something to share the responsibility for payments so that the bank would actually agree to the loan, but now that the exact situation for which they required a cosigner occurs, I would like to renege. " This is EXACTLY what people think.
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# ? Aug 4, 2017 17:45 |
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monster on a stick posted:They may be service animals. Some might be, but we bought a rabbit from a woman who had like 20 of them just milling around in pastures. The people we bought our place from had them too as pets. Lots of them for sale on the local Craigslist. I think some are show horses so they can win prizes, but the cash prizes usually aren't big enough to cover the cost of the shows.
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# ? Aug 4, 2017 17:56 |
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Any good articles (or personal stories from posters here) on having kids with a low income and how bad of an idea that is? My partner and I have an income less than 100k and I can't comprehend having kids until or if we hit that mark. I feel that not having them is the best decision I've made despite immense pressure & expectation from society. Like just today I paid $400 on dental work and need to pay DMV $150 on new stickers. Random expenses always come out of nowhere, but I have the luxury of shrugging them off - NOT possible with mouths to feed. I just don't get how people with families get by when tentacles suck money in all directions. And daycare costs? gently caress almighty.
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# ? Aug 5, 2017 03:31 |
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[quote="“Mokelumne Trekka”" post="“475053973”"] Any good articles (or personal stories from posters here) on having kids with a low income and how bad of an idea that is? My partner and I have an income less than 100k and I can’t comprehend having kids until or if we hit that mark. I feel that not having them is the best decision I’ve made despite immense pressure & expectation from society. Like just today I paid $400 on dental work and need to pay DMV $150 on new stickers. Random expenses always come out of nowhere, but I have the luxury of shrugging them off - NOT possible with mouths to feed. I just don’t get how people with families get by when tentacles suck money in all directions. And daycare costs? gently caress almighty. [/quote] I’m on mobile or I’d post that Mad Max bait gif.
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# ? Aug 5, 2017 03:42 |
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Krispy Kareem posted:I’m on mobile or I’d post that Mad Max bait gif.
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# ? Aug 5, 2017 03:44 |
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Krispy Kareem posted:I’m on mobile or I’d post that Mad Max bait gif. What
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# ? Aug 5, 2017 03:58 |
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The ethics of having kids at arbitrarily low incomes & whether or not $100k qualifies as a high income are both recurring derail topics. Sorry if you were actually serious.
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# ? Aug 5, 2017 04:02 |
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At least he doesn’t make over 100k. Then he’d have to watch his unborn children sacrificed on the Guillotine of Late Capitalism. The answer to your question is, kids are loving expensive - but you adjust to afford them. Also learn about 529 plans.
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# ? Aug 5, 2017 04:06 |
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More specifically, assuming GWM parents who care about their children: They cut costs on things you might take for granted(living in housing that's not their ideal, eating cheaper food, wearing cheaper clothes, replacing tech & cars less often, going on vacations less often, etc), for starters. They sacrifice their wants(and if they're broke enough, their own needs) so the kids can get what they need. No, they're not going to live the cushy life someone making big bucks would, but that's the trade-off of having children. As for daycare, people just do the math on whether or not it makes more sense for one of the parents to stay home until the kid starts kindergarten. Or they run a sketchy daycare out of their home so they can still earn something, or send their kids to a sketchy(but cheaper) at-home daycare. Or they finagle some sort of shiftwork so one parent can be home looking after kids while the other works.
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# ? Aug 5, 2017 04:11 |
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Mokelumne Trekka posted:My partner and I have an income less than 100k and I can't comprehend having kids until or if we hit that mark. I feel that not having them is the best decision I've made despite immense pressure & expectation from society. What income brackets do you think are having all the children? Somehow, they aren't starving to death (but they might have to drive an older, base model Camry).
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# ? Aug 5, 2017 13:31 |
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LLCoolJD posted:What income brackets do you think are having all the children? Somehow, they aren't starving to death (but they might have to drive an older, base model Camry). Uh.. Poorer people are having the most amount of kids. I think making less than 30k a year is a bit worse than just driving an old camry. https://www.statista.com/statistics/241530/birth-rate-by-family-income-in-the-us/ TLG James fucked around with this message at 15:49 on Aug 5, 2017 |
# ? Aug 5, 2017 15:47 |
No, the least educated people have the most kids. It's almost as if behavior changes when opportunities arise.
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# ? Aug 5, 2017 16:03 |
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Sex is fun and free, I can see why it happens.
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# ? Aug 5, 2017 16:10 |
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meat police posted:Sex is fun and free, I can see why it happens. Maybe free for you. Try having a horrible personality!
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# ? Aug 5, 2017 16:21 |
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Yeah, check your pleasant privilege
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# ? Aug 5, 2017 16:26 |
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LLCoolJD posted:What income brackets do you think are having all the children? Somehow, they aren't starving to death (but they might have to drive an older, base model Camry). http://www.pbs.org/wgbh/frontline/article/by-the-numbers-childhood-poverty-in-the-u-s/ This article and documentary focus on extreme cases - but to me it debunks the argument that having kids is an inherently manageable decision regardless of income. If you factor in a child's mental health, quality of life and future job prospects, it is not always. Filling a kid's stomach with processed mac & cheese is cheap. Taking them to the orthodontist and paying for college is not. America is regressing into a developing nation for many people - in a globalized economy, the stakes are very high. The 100k mark is just what I see for my own situation (coastal city, etc.) If I'm rehashing a tired topic my apologies. I'm not flamewar baiting here. I thought this thread was voyeurism for bad decisions. Such as: NYTimes posted:Ms. Schairer’s rent consumes more than half her income, and she scrapes by on food stamps. http://www.nytimes.com/2012/07/15/us/two-classes-in-america-divided-by-i-do.html
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# ? Aug 5, 2017 18:54 |
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Mokelumne Trekka posted:I thought this thread was voyeurism for bad decisions. That's not funny bad with money that's tragic bad with money
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# ? Aug 5, 2017 19:06 |
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Yeah to be honest it just sounds like you want to talk poo poo about poor people with kids. That situation is incredibly common. Neigh I say, bring in more horse stories and less shaming of poors for its own sake Get outta here with your hurf durf you must make 100k to reproduce
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# ? Aug 5, 2017 19:12 |
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I see a lack of frank discussion on this topic in society, and I think this tragedy just perpetuates itself at least slightly because no one wants to talk about it. Having a kid is like getting a Mercedes. In hindsight I do feel like an rear end in a top hat now, so there's that.
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# ? Aug 5, 2017 19:22 |
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Maybe something is fundamentally broken with our society and economy if you need to earn twice the median household income to afford to have offspring? long term bwm for humanity
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# ? Aug 5, 2017 19:27 |
"Frank" discussions about it usually end with some would-be ubermensch swooping in and suggesting sterilizing those stupid filthy poors who are clearly just too dumb to keep it in their pants. And not, you know, sensible things like "unfucking sex education" or "subsidized birth control" or similarly godless socialist tomfoolery. Like actually ensuring people are paid a fair wage for their labor. hailthefish fucked around with this message at 19:31 on Aug 5, 2017 |
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# ? Aug 5, 2017 19:28 |
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# ? Aug 5, 2017 19:33 |
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Mokelumne Trekka posted:I see a lack of frank discussion on this topic in society, and I think this tragedy just perpetuates itself at least slightly because no one wants to talk about it. Having a kid is like getting a Mercedes. In hindsight I do feel like an rear end in a top hat now, so there's that. I'm not sure how much of this thread you've read but thread regular poster John Smith regularly shits up this place by having ~frank discussions~ on how we should just let poor people die because they're not perfect like he is or how rape victims had it coming for hanging out in the wrong neighborhood or whatever. Sorry if we're a bit... unwelcoming. I totally agree that it's something society really vitally needs to discuss more but this thread isn't for that and can't really handle that.
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# ? Aug 5, 2017 19:40 |
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https://www.reddit.com/r/personalfinance/comments/6rsinz/on_life_with_a_negative_net_worth/ posted:On life with a negative net worth (self.personalfinance)
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# ? Aug 5, 2017 19:57 |
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I love the sudden pivot from "I'm in terrible debt and I want to buy a promotional RV" to "I should probably be able to retire in 11 years"
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# ? Aug 5, 2017 20:07 |
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Working out of a decal-clad RV is something I'd expect to see in an episode of Better Call Saul
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# ? Aug 5, 2017 20:20 |
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Dude is literally gonna go live in a van down by the river.
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# ? Aug 5, 2017 20:53 |
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monster on a stick posted:My income is finally "stable" on a draw salary and based on the trend so far it's looking like my income will be five figures monthly by early spring.
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# ? Aug 5, 2017 21:39 |
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Yesterday I was unemployed, now I work at McDonalds for $9/hr. Therefore tomorrow I will make infinity dollars.
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# ? Aug 5, 2017 21:43 |
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ate all the Oreos posted:That's not funny bad with money that's tragic bad with money quote:After Ms. Schairer had an operation for cervical cancer last summer, the surgeon told her to take six weeks off. She went back to work five weeks early, with a rare flash of class anger. “It’s easy when you make $500 an hour to stand there and tell me to take six weeks off,” she said. “I can’t have six weeks with no pay.”
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# ? Aug 5, 2017 23:51 |
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Mokelumne Trekka posted:I see a lack of frank discussion on this topic in society, and I think this tragedy just perpetuates itself at least slightly because no one wants to talk about it. Having a kid is like getting a Mercedes. In hindsight I do feel like an rear end in a top hat now, so there's that. This is practically (or should be, in my opinion) the financial schadenfreude-thread. Frank discussions count as derails, indicated by derail bird - a Toucan.
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# ? Aug 6, 2017 00:16 |
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22 Eargesplitten posted:Yesterday I was unemployed, now I work at McDonalds for $9/hr. Therefore tomorrow I will make infinity dollars. It would be more reasonable to assume a $9/hr increase every week to have a conservative estimate.
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# ? Aug 6, 2017 00:43 |
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God drat America
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# ? Aug 6, 2017 02:17 |
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rename thread to "schadenfreude w/ money"?
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# ? Aug 6, 2017 02:36 |
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Folly posted:Dude is literally gonna go live in a van down by the river. Yeah if I just lived in a converted sprinter van I could retire in a decade but the downside is living in a loving van.
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# ? Aug 6, 2017 02:51 |
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# ? Jun 3, 2024 22:43 |
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curufinor posted:rename thread to "schadenfreude w/ money"? This thread opens with this: quote:This thread is BFC's home for poking fun at the wide world of Bad With Money (BWM): six figure earners who live paycheck to paycheck, poetry majors with $120K in student loan debt, Silicon Valley venture capital flops, and everything in between. Maybe we can expand the thread to making fun of people who can't read
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# ? Aug 6, 2017 03:12 |