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Phanatic posted:Words He was directing that at me, friend But I don't think that your points are all that useful because they're centering on "but it's not for him!" That's kinda irrelevant to "bwm" discussions where he had autonomy in making those choices (though calling him bwm is a stretch given what we usually see here) Luxuries are luxuries whether they are for you or your kids/wife/horse and this thread/that subreddit center on optimizing where your cash goes and identifying areas of waste KingSlime fucked around with this message at 23:02 on Nov 1, 2017 |
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Nov 1, 2017 22:59
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No Butt Stuff posted:he is middle class. hope this helps. 
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Nov 1, 2017 23:05
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Dick Nipples posted:Lol. Pound dogs are like $100-200 and that typically includes the initial vet report and shots. If your pound is anything like mine there is a cottage industry of pet rescues that constantly scoop up any small or medium cute non pitbull dog and then charge 2-3x what the pound charges to adopt
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Nov 1, 2017 23:06
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BEHOLD: MY CAPE posted:If your pound is anything like mine there is a cottage industry of pet rescues that constantly scoop up any small or medium cute non pitbull dog and then charge 2-3x what the pound charges to adopt Now I want to move to LA and create a whole suite of puppy flipping reality TV shows.
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Nov 1, 2017 23:08
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Jeffrey of YOSPOS posted:According to a quick google, employer contribution doesn't count against the limit until you reach the "combined employer and employee limit" of 53,000. You could approach it if you make a dickload of money and do an after-tax 401k instead of a before -tax one. Ok I didn’t know that. The thing I described happened to my boss like 12 years ago so I could be misremembering or it was just different back then. He definitely didn’t make enough to be putting that much into his 401k.
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Nov 1, 2017 23:09
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GWM tip, black kittens/cats are cheaper then ones that are not black. $20 shots and sterilization included.
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Nov 1, 2017 23:14
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yeah but they also have connections to spooky curses and poo poo you must think I'm stupid if ya think I'm going to take any chances with the occult
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Nov 1, 2017 23:16
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Yeah, the fact "middle class" means "makes more than 90% of people in the US" is...
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Nov 1, 2017 23:31
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hailthefish posted:Yeah, the fact "middle class" means "makes more than 90% of people in the US" is... (And also maybe wealth's correlation with income breaking down as you go up? Not sure there.)
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Nov 1, 2017 23:35
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hailthefish posted:Yeah, the fact "middle class" means "makes more than 90% of people in the US" is... Oh no I totally agree with you. Reddit dude is definitely not middle class, and no butt stuff was most likely trolling. I meant that posts about "is 250k middle class" or "is 100k a high income" always draw pages of angry replies.
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Nov 1, 2017 23:45
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maybe just maybe such simplified three-levels-of-degree terms are not actually very useful in discussions involving such complex topics
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Nov 1, 2017 23:49
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A guy finances a mutt for $9k on an "about 30k" salary but wait, let's have the whole "who exactly is middle class" argument again
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Nov 1, 2017 23:55
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Enfys posted:A guy finances a mutt for $9k on an "about 30k" salary but wait, let's have the whole "who exactly is middle class" argument again It sounds like people are recommending that the poster go to their local Attorney General's consumer protection division, so maybe they can actually make money off of this. quote:Info for you: http://ag.ks.gov/file-a-complaint Looks like the law in Kansas provides up to a $10,000 civil penalty plus legal fees if you can prove your case. I'd recommend checking with /r/legaladvice also
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Nov 2, 2017 01:11
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Teeter posted:https://www.reddit.com/r/personalfinance/comments/7a08cq/petland_screwed_me_over/ A puppy (loan) is for LIFE! Not just for Christmas.
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Nov 2, 2017 01:53
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I’m seeing a lot of twitter reactions to what I thought was fairly common retirement advice. https://twitter.com/jeanchatzky/status/925712870179995648 Like I get if you don’t think you’ll ever be able to be able to retire and don’t think this advice applies to you, but I don’t think I’ll ever buy a house and I’m not upset about house maintenance advice.
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Nov 2, 2017 02:47
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It should be annual expenditure right?
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Nov 2, 2017 02:49
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Income is almost 2x expenditure (Taxes and whatnot), so 10x income at retirement means your expenditure would account to 5% of the total by year; seems logical to me.
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Nov 2, 2017 03:01
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just quit your job one year before retirement and pick up a part time McDonald's gig, instant boost to your savings to income ratio bing bong so simple
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Nov 2, 2017 03:06
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zelah posted:I’m seeing a lot of twitter reactions to what I thought was fairly common retirement advice. People who don't try to manage their money think it is too hard to manage money, so they feel bad and have to justify it to themselves.
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Nov 2, 2017 03:06
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Foma posted:People who don't try to manage their money think it is too hard to manage money, so they feel bad and have to justify it to themselves.
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Nov 2, 2017 03:09
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FrozenVent posted:Income is almost 2x expenditure (Taxes and whatnot), so 10x income at retirement means your expenditure would account to 5% of the total by year; seems logical to me. Plus you don't have to save for retirement anymore if you are looking at % of gross.
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Nov 2, 2017 03:13
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Foma posted:People who don't try to manage their money think it is too hard to manage money, so they feel bad and have to justify it to themselves. There’s that, but there are also people who legitimately will never be able to save due to medical/legal/whatever reasons. And that sucks. But those people seem to specifically be acting attacked by what seems like OK retirement advice. Is this people feeling like wealth is tied to their ethical worth and being defensive at the idea that this advice could help anyone?
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Nov 2, 2017 03:20
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It's almost like living in a society where your wealth is directly equated to your ethical worth and a lack of wealth is almost universally attributed to laziness or stupidity leads to people internalizing that poo poo. Especially when so much 'OK retirement advice' is couched in terms of "well maybe you could retire someday if you didn't eat avocado toast, stupid entitled millennial".
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Nov 2, 2017 03:29
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There's some decent content on r/pfjerk. I hope the 144% interest rate mongrel dog becomes the new bearded dragon.
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Nov 2, 2017 03:30
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hailthefish posted:It's almost like living in a society where your wealth is directly equated to your ethical worth and a lack of wealth is almost universally attributed to laziness or stupidity leads to people internalizing that poo poo. Especially when so much 'OK retirement advice' is couched in terms of "well maybe you could retire someday if you didn't eat avocado toast, stupid entitled millennial". hmm yeah it hurts because it's true
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Nov 2, 2017 03:46
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Zo posted:hmm yeah it hurts because it's true It's not that forward looking budgeting is bad advice, but it can be a bit tone-deaf if not outright used as a distraction from the income side of the equation where inequality and lack of mobility have been systematically getting worse (eg avocado toast, the tweet doesn't seem to be in poor taste). "Yeah, poo poo sucks so pinch your pennies and hope for the best" isn't bad advice, but that means poo poo still sucks.
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Nov 2, 2017 03:54
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hailthefish posted:It's almost like living in a society where your wealth is directly equated to your ethical worth and a lack of wealth is almost universally attributed to laziness or stupidity leads to people internalizing that poo poo. Especially when so much 'OK retirement advice' is couched in terms of "well maybe you could retire someday if you didn't eat avocado toast, stupid entitled millennial". What I'm trying to figure out is who the gently caress is eating all these avocados? I have shares in a company that sells kiwifruit and avocados and the dividends are good. I suspect baby boomers are eating all of them.
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Nov 2, 2017 03:58
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Yes not everyone can save and it sucks, but the people bitching about that tweet are more "six figures in debt for an English degree" than "crippling poverty/racism/medical issues"
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Nov 2, 2017 03:58
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Devian666 posted:What I'm trying to figure out is who the gently caress is eating all these avocados? I have shares in a company that sells kiwifruit and avocados and the dividends are good. I suspect baby boomers are eating all of them. the avocado toast thing isn't just a meme. a lot of people spend an incredible amount of money on stupid poo poo. this is where we laugh at their "misc - $1200" line in their terrible budget but then for some reason people itt turn around and say "oh avocado toast isn't going to buy you a house". well. it might.
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Nov 2, 2017 04:04
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zelah posted:There’s that, but there are also people who legitimately will never be able to save due to medical/legal/whatever reasons. And that sucks. But those people seem to specifically be acting attacked by what seems like OK retirement advice. Is this people feeling like wealth is tied to their ethical worth and being defensive at the idea that this advice could help anyone? Yeah and also there are people who legitimately never be able to save because there are millions and millions of extremely lovely jobs that don't pay living wage while physically exhausting and crippling the people that work them. Think Amazon warehouse stockers. We are heading towards an absolute crippling demographic wave of broke old people who didn't dutifully fill their 401(k)s at their minimum wage job and are going to depend upon the government to support them until they die in nursing homes.
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Nov 2, 2017 04:07
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Zo posted:the avocado toast thing isn't just a meme. a lot of people spend an incredible amount of money on stupid poo poo. this is where we laugh at their "misc - $1200" line in their terrible budget but then for some reason people itt turn around and say "oh avocado toast isn't going to buy you a house". The avocado toast thing is a meme because it originates from an interview with a tone-deaf Australian developer. quote:Asked if he believes young people will never own a home, he responded: “Absolutely, when you’re spending $40 a day on smashed avocados and coffees and not working. Of course.” quote:His grandfather gave him $34,000 to kickstart the project.
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Nov 2, 2017 04:10
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It's amazing he had the time to start a business if he was in the gym from 6 am to 10 pm. I'm all for physical fitness but that sounds excessive.
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Nov 2, 2017 04:16
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oh wow a whole $34000, and he only turned it into how many hundreds of millions? people only called it tone deaf because, once again, the truth hurts
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Nov 2, 2017 04:16
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Zo posted:oh wow a whole $34000, and he only turned it into how many hundreds of millions? Seriously that isn't that much money to start out with. I had that much saved up from internships before I was out of college and I didn't do anything impressive with it. People will tell themselves anything to avoid dealing with the fact that they can't afford to go out to eat every day and buy a car that's half their salary when they make $30k. We live in the most prosperous society in human history, you can afford to sock away 10% of your salary if you have even the tiniest amount of responsibility.
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Nov 2, 2017 04:22
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Zo posted:oh wow a whole $34000, and he only turned it into how many hundreds of millions? I feel like you're ignoring the part of his statement where he is just pulling poo poo out of his rear end. Like the whole spending $40 on smashed avocadoes bit, which is what sets off everyone's bullshit alarms, hence the meme quote:Asked if he believes young people will never own a home, he responded: “Absolutely, when you’re spending $40 a day on smashed avocados and coffees and not working. Of course.” Do you really believe this? How many young professionals who don't own a home do you regularly interact with? More importantly, any data to back up these kinds of claims or is it just generational circlejerk, you think?
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Nov 2, 2017 04:26
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a smashed avocado is $19 and then a couple of coffees and tax and you easily get to $40
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Nov 2, 2017 04:29
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well, that is certainly a candid point Don't avocados and coffee come from the ground?? those idiot millenials should just go without their favorite staples for a few weeks, buy a house, and grow their own crops! the investment would pay itself back in a cinch and as an added bonus they can grow weed too in order to fully maximize their unemployment experience
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Nov 2, 2017 04:34
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In the context of Australian and New Zealand House prices most people do not earn enough to save for a deposit. Home ownership is declining but at the same time the housing bubble peak has passed and prices are falling. https://www.bloomberg.com/news/articles/2017-11-01/auckland-house-price-drop-brings-kiwi-property-boom-to-an-end quote:In May, Goldman Sachs warned that New Zealand’s housing market was the most over-valued and most at risk of a correction among the G-10 economies -- those with the 10 most-traded currencies in the world. That correction is getting underway right now. Credit has tightened and behind the scenes the Reserve Bank of New Zealand is being cautious about the risk models the banks are presenting. Might as well eat your avocados now if you are a millenial in New Zealand with the coming economic shitstorm.
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Nov 2, 2017 04:37
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KingSlime posted:well, that is certainly a candid point it's pretty funny that "making your own breakfast" or "brewing your own coffee" never crossed your mind before you flew off into an extremely millennialesque meltdown in false extreme fallacytown
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Nov 2, 2017 04:38
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Zo posted:a smashed avocado is $19 and then a couple of coffees and tax and you easily get to $40
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Nov 2, 2017 04:41
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