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For the record horse meat is delicious and I don't understand America's repulsion with it.
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Oct 10, 2017 12:38
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FrozenVent posted:For the record horse meat is delicious and I don't understand America's repulsion with it. HORSIES ARE MAGICAL CREATURES AND I WANT ONE AND DONT YOU HURT FRECKLES!!
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Oct 10, 2017 12:46
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http://www.explodingdog.com/title/horsecock.html
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Oct 10, 2017 13:02
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Um Not clicking that
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Oct 10, 2017 13:16
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I'm really glad this thread got back on track (no pun intended).
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Oct 10, 2017 13:34
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I was gonna say that there's no way pet rocks could be BWM, but then I realised that's basically diamond rings. And I would totally use a marker to dot eyes on a large gemstone. And a smaller gemstone so it has a friend.
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Oct 10, 2017 14:12
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OctaviusBeaver posted:Saving up enough money in your checking account to buy a house definitely isn't optimal, but it's still so much better than most people that I have a hard time calling it bad with money in an absolute sense. Even without the benefit of hindsight, it doesn't seem like saving up 150k in a checkings account through 2016 so you could buy a house in cash was the wise move. But /shrug whatever, not terrible. Thinking about it more, though, what really bothers me is actually that she, herself, clearly demonstrates an inability to manage her own money in the best way possible, i.e. low cost index funds. She completely avoids learning, thinking, or doing anything about her own retirement fund. Her investments are in high-cost active funds, extremely conservative (she's something like 60 or 70% bonds at 40), and she actively contributes to taxable accounts while not maxing tax-advantaged space. But I realized, what really bothers me is that she wants me to think that she is going to be better than the government at spending her would-be tax dollars because she trusts herself to go out there to research all the different charities that might need money and decide not only what is the best way to spend that money to create the most benefit but also ensure that the charities are run in an efficient manner. She doesn't even do that now, with her own money, for her own retirement. Whatever, I linked her two Freakonomics podcasts and I'm done with her. If she wants to hamstring her own retirement, that's entirely up to her.
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Oct 10, 2017 14:23
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NUKES CURE NORKS posted:Um I initially read it as exploding dong dot com slash horsecock which is even worse
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Oct 10, 2017 14:26
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FrozenVent posted:For the record horse meat is delicious and I don't understand America's repulsion with it.
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Oct 10, 2017 15:12
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Dogs aren't as delicious; they're carnivorous anyway so that introduces a host of food safety issues. I've never tried dog though.
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Oct 10, 2017 15:29
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Splicer posted:Same as dogs, we've spent millennia breeding them to be our cool smart animal friends so eating them seems kind of gross.
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Oct 10, 2017 15:31
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FrozenVent posted:Dogs aren't as delicious; they're carnivorous anyway so that introduces a host of food safety issues. Horses are another apex predator: https://www.youtube.com/watch?v=ZnYNmGMsU18 Nothing can eat a horse and all that approach are a potential meal to it.
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Oct 10, 2017 17:19
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BigDave posted:HORSIES ARE MAGICAL CREATURES AND I WANT ONE AND DONT YOU HURT FRECKLES!! That article did have a point about horse drugs. Racehorses get put on some drug cocktails that could impact suitability for food.
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Oct 10, 2017 17:35
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crazypeltast52 posted:That article did have a point about horse drugs. Racehorses get put on some drug cocktails that could impact suitability for food.
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Oct 10, 2017 18:03
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Splicer posted:Oh, I thought we were talking about raising horses for slaughter. Eating horses raised for any other reason goes from skeevy feeling to could potentially kill you. I'm pretty sure that most eating horses are surplus pets or racehorses. You need to breed a lot of racehorses to get one that's good, and they don't make good pets. And the whole thread has a theme of "horses send you broke" so people who find themselves with unwanted pet horses that are bankrupting them and they can't sell need to do something with them.
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Oct 10, 2017 18:11
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Horse butts make some rad leather products too
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Oct 10, 2017 18:51
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spwrozek posted:Using your link I am seeing they make basically 200K (unless I am screwing something up, using 0 withholding as well). They have 200K already saved so they already have the 20% down payment. I still don't think it is a good idea, going from 2.6K in rent (pretty cheap in the bay) to a 4-4.5K mortgage doesn't seem like a great idea. Consider maxing out the 401K, back door ROTH, and just flat out investing for retirement would be better. According to the spend mentioned they can put away $4K minimum a month, do that for the next 10 years and with other investing move somewhere cheaper and retire. If they live there for 15 years, in the bay area, it is very slightly cheaper to buy $900k home than it is to rent for $2600 a month once you account for everything. They will be paying about $38k a year in taxes and mortgage interest, and have a huge deduction because of their high tax rate. A $900k house in the bay area is really a $250k a house on $650k of land, so maintenance and repair costs are not that much more. Spending half of your take home pay on housing is a lot, but it is cheaper than renting in the long run. Even if the housing market crashes again like in 2008, 15 years is a lot of time for appreciation. BWM would be buying a $900k house and then moving shortly after
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Oct 10, 2017 19:39
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Panfilo posted:I've heard that owning a sailboat is another BWM thing, for reasons somewhat similar to horses. I know that the co workers I have that item sailboats are all trying to get rid of them because they've become a money sink. Boat stands for bust out another thousand, and yes, they are incredible money pits. This of course depends on the size of the boat, if it's raced or not (you break / wear out stuff a lot faster when racing, and sails are considered a consumable - a 45' pure race boat might have a sail inventory worth $75k that would likely be completely replaced every 5 years if you're racing frequently and want to be competitive), how much you care about having the newest best thing, etc. Under 30' size wise things aren't too expensive (decent sail inventory <$10k), harbour fees can be reasonable depending on where you live, and it's an incredibly fun hobby. I live in a small town, and race as a crew member on a 24' boat. If I owned the boat, my yearly costs would likely ~$1-2k, with an additional $3k every 5 years for sails. Which for me is affordable, but there's a reason yacht clubs are full of old people.
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Oct 10, 2017 19:39
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lampey posted:If they live there for 15 years, in the bay area, it is very slightly cheaper to buy $900k home than it is to rent for $2600 a month once you account for everything. They will be paying about $38k a year in taxes and mortgage interest, and have a huge deduction because of their high tax rate. A $900k house in the bay area is really a $250k a house on $650k of land, so maintenance and repair costs are not that much more. Spending half of your take home pay on housing is a lot, but it is cheaper than renting in the long run. Even if the housing market crashes again like in 2008, 15 years is a lot of time for appreciation. Very strong possibility that they get smacked with the AMT in that situation. Bay area homeowning DINKs are the quintessential at risk population for the AMT. Especially if they experience an income increase. There's also at present date significant political risk regarding the mortgage and state tax deductions in and of themselves. If I was somebody thinking about making this kind of purchase, I would just delete the relevant deductions from my math and see if it still made sense to do it in that context.
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Oct 10, 2017 20:05
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TrueChaos posted:Boat stands for bust out another thousand, and yes, they are incredible money pits. This of course depends on the size of the boat, if it's raced or not (you break / wear out stuff a lot faster when racing, and sails are considered a consumable - a 45' pure race boat might have a sail inventory worth $75k that would likely be completely replaced every 5 years if you're racing frequently and want to be competitive), how much you care about having the newest best thing, etc. I bought a used 1983 23' sailboat. I think at least some of the sails are still original. Most of the equipment on the boat was when I bought it. I don't sail and I stay in fresh water so  (Total cost of ownership about 4K/year, still terrible with money; do never buy boats)
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Oct 10, 2017 20:39
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FrozenVent posted:I bought a used 1983 23' sailboat. I think at least some of the sails are still original. Most of the equipment on the boat was when I bought it. Why did you buy a sailboat if you don't sail, just to say you have one?
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Oct 10, 2017 20:45
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Freshwater is so much less expensive, that's what all my numbers were based around. The boat I crew on was built in 1964, the other one I crew on is 1987. Of course, I figured out the best way to get into boating - my SO's father has both a 24' race boat and a bigger cruiser, and we're welcome to use the race boat whenever. So... Free sailing?
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Oct 10, 2017 20:48
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BEHOLD: MY CAPE posted:Very strong possibility that they get smacked with the AMT in that situation. Bay area homeowning DINKs are the quintessential at risk population for the AMT. Especially if they experience an income increase. There's also at present date significant political risk regarding the mortgage and state tax deductions in and of themselves. If I was somebody thinking about making this kind of purchase, I would just delete the relevant deductions from my math and see if it still made sense to do it in that context. There's also significant political risk to the AMT (e.g. it might go away). I don't think you can ignore the tax deductions when talking about tax rates/rents/incomes/housing costs of this magnitude.
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Oct 10, 2017 21:04
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Nobody cares about your personal purchases dawgs
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Oct 10, 2017 21:13
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The old saying about boats is that the two happiest days in a boat owner's life are the day they buy it and the day they sell it.
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Oct 10, 2017 21:21
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https://www.reddit.com/r/personalfinance/comments/75h4sw/uncle_gives_5000_to_invest_split_return_5050Uncle gives $5000 to invest, split return 50-50 posted:Title basically says it all. My uncle (he's kinda eccentric) told me he will give me $5,000 to invest and whatever the return on that is we will split 50-50. Where should I start? quote:Fair point - if I end up going down that route what are some good "gambles" to make? Voice of Reason posted:based on some of your questions, I think you should not do any investing. quote:Fair haha
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Oct 10, 2017 21:21
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https://www.reddit.com/r/personalfinance/comments/75ilvc/i_really_need_some_assistance_with_whats_happening/I really need some assistance with what's happening!!! posted:I worked for this company called intelenet in Fargo ND for about a week and I was fired due to the fact that I failed my drug test, which I'm also questioning due to I never done drugs in my life. But I was supposed to get paid on the 6th of October but didn't. I have called there global phone number but never was able to speak to someone directly, I've left at least 4 voicemails and 2 emails and still nothing. And I know this might not be a lot of money for some of you but that $400 dollars I was suppose to pay rent with.I'm hoping someone here can help me with what I should do next quote:There is security and I don't have a badge to get in
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Oct 10, 2017 21:25
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CellBlock posted:The old saying about boats is that the two happiest days in a boat owner's life are the day they buy it and the day they sell it. Wrong, boats are rad. Also boat stands for Bust Out Another Thousand.
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Oct 10, 2017 21:26
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CellBlock posted:The old saying about boats is that the two happiest days in a boat owner's life are the day they buy it and the day they sell it. My old boss has a big rad 24 foot Malibu ski boat, and I was teasing him about how boat owners secretly hate their boats. He told me that actually, he super loves his boat and always wants to have one. The family takes out the boat literally 40 weekends a year, and it's their thing they all do together. At the time his son was 15, and he was saying that at that age kids are kind of annoyed with their family and would rather hang out with their friends. But man, every teenage boy loves wakeboarding, so it's real easy to get time together as a family doing that. There aren't a lot of activities or hobbies that will hold a kid's interest from when they're toddlers up until they are adults. His boat is huge, so his son can even bring one or two of his dumb friends along! So, yeah, owning a boat, like owning a car, has huge fixed costs and also significant variable costs. If you use it really often, then it's just an expensive hobby rather than a $10k/yr status symbol that you use three weekends a year. I imagine most boat owners are busy with other things in life and don't get nearly the value that my boss does out of his boat.
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Oct 10, 2017 21:37
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canyoneer posted:If you use it really often, then it's just an expensive hobby rather than a $10k/yr status symbol that you use three weekends a year. Those ski boats are hilariously expensive to run. They burn ~6-8 gallons an hour so it's a few hundred in gas just to take it out for a day.
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Oct 10, 2017 21:45
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Inflatable boats from amazon, plus an outboard motor - GWM
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Oct 10, 2017 22:11
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You can now get decent wakeboard boats for as little as 60k! I still really want one.
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Oct 10, 2017 22:21
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Good Parmesan posted:https://www.reddit.com/r/personalfinance/comments/75h4sw/uncle_gives_5000_to_invest_split_return_5050 Uhhh. Here is 5k to have fun with, and if you make a return, you get 50% of it. Advising the person getting the money not to do that is very BWM. Advising the uncle not to do that, on the other hand, would be very GWM. quote:[–]damukobrakai 2 points 3 hours ago
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Oct 10, 2017 22:28
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CellBlock posted:The old saying about boats is that the two happiest days in a boat owner's life are the day they buy it and the day they sell it. I thought it was "the day he buys it and the day he sets it on fire."  I've been told that an excellent substitute for owning a boat is standing in a cold shower while tearing up $100 bills. That said, planes are even worse. Don't ever have a plane, just have a friend who has a plane.
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Oct 10, 2017 22:33
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5k uncle guy needs to go to the casino and put it all on black repeatedly
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Oct 10, 2017 22:35
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TrueChaos posted:The boat I crew on was built in 1964, the other one I crew on is 1987. This is from an article I read a long time ago, but IIRC one of the major reasons boat manufacturers have declined since the 80s is that the fibreglass hulled boats are so long-lasting that the glut of decent old boats around makes it difficult to sell a pricey new one.
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Oct 10, 2017 22:38
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Phanatic posted:I've been told that an excellent substitute for owning a boat is standing in a cold shower while tearing up $100 bills. My friend combined the two and got a seaplane. Someone please tell me it's BWM, because I am super jealous. 
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Oct 10, 2017 22:58
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potatoducks posted:My friend combined the two and got a seaplane. BWM but awesome with life! Have him take you for a ride!
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Oct 10, 2017 23:36
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Evil Robot posted:There's also significant political risk to the AMT (e.g. it might go away). I don't think you can ignore the tax deductions when talking about tax rates/rents/incomes/housing costs of this magnitude. If you don't want to find yourself unable to really afford your mortgage because of some substantial change to the United States tax system, for example the relatively specific changes that are currently in the committee churn in Congress, then you might want to run some alternate number scenarios. Just my thought on the matter.
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Oct 10, 2017 23:40
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none of this has anything to do with bwm really, actually edit: the boat talk, i mean
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Oct 10, 2017 23:41
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