Bad With Money 2018: When I die, bury me in the blockchain.

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Bad With Money 2018: When I die, bury me in the blockchain.

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Droo: Jun 25, 2003

Hoodwinker posted:

How dare I not qualify it, I suppose, or else there wouldn't even need to be an argument. You should be thanking me, really, for giving you this opportunity.

I interpreted your post exactly the same way as he did.

# ? Nov 2, 2017 18:15

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# ? Jun 8, 2024 15:12

Hoodwinker: Nov 7, 2005

That's really strange, considering that the comment I was replying to was about how people having any amount of kids without a financial safety net are irresponsible.

# ? Nov 2, 2017 18:17

BarbarianElephant: Feb 12, 2015; The fairy of forgiveness has removed your red text.

John Smith posted:

Plenty of people are in decent financial shape by their early 30s. If somehow it was externally imposed that only this specific sub-set of people are permitted to have children, the US would be just fine.

Often decent, rarely bulletproof. You can be just fine to have kids in your current situation, but then hit a snag, such as one of the kids has autism, or one of the parents spends time out of work, and suddenly you are on benefits. The only people rich enough to be sure that this will not happen to them are the upper middle class.

# ? Nov 2, 2017 18:19

opposable thumbs.db: Jan 7, 2008; It's hard to say that it's wrong that my life revolves around my dog when she is cuter and more interesting than me; Pillbug

In a non-BWM comment, I hope that Solice Kirsk's client is still in the process of selling that Bitcoin given that it's hovering at around $7,000 per Bitcoin now.

# ? Nov 2, 2017 18:22

Phanatic: Mar 13, 2007; Please don't forget that I am an extremely racist idiot who also has terrible opinions about the Culture series.

Hoodwinker posted:

That's really strange, considering that the comment I was replying to was about how people having any amount of kids without a financial safety net are irresponsible.

And it sounded like you were criticizing that position and counter-arguing that being able to have kids without being seen as irresponsible should be a baseline human expectation. Don't blame me because the words you write don't convey the meaning you intended.

# ? Nov 2, 2017 18:23

BEHOLD: MY CAPE: Jan 11, 2004

John Smith posted:

That is right! I am struggling so hard to just feed myself nowadays, that it is a disgrace. My dinner of 5 lobsters is costing so much that it is made a luxury.

Now, you might ask whether I can consider having just 1 lobster instead of 5 lobsters, or maybe have 5 lobster rolls instead of entire lobsters. But no, I say to you, no. It must be 5 lobsters.

Only tangentially related to the argument at hand, but I find it very interesting that lobsters used to be considered trash subsistence food for peasants and prisoners because it was impossible to transport before the advent of railways and ice distribution, at which point it turned into an exotic luxury for those outside of the traditional lobstering areas in the Northeast. Same with oysters.

# ? Nov 2, 2017 18:24

Hoodwinker: Nov 7, 2005

Phanatic posted:

And it sounded like you were criticizing that position and counter-argued that being able to have kids without being seen as irresponsible should be a baseline human expectation. Don't blame me because the words you write don't convey the meaning you intended.

There's a stark difference between "permission to do something" and "permission to do something in excess."

# ? Nov 2, 2017 18:25

brugroffil: Nov 30, 2015

If you need a six figure income i.e. at a minimum twice the median household income to have and raise children without having to live extremely precariously financially, maybe something is fundamentally broken with the economy

# ? Nov 2, 2017 18:31

Chin Strap: Nov 24, 2002; I failed my TFLC Toxx, but I no longer need a double chin strap; Pillbug

brugroffil posted:

If you need a six figure income i.e. at a minimum twice the median household income to have and raise children without having to live extremely precariously financially, maybe something is fundamentally broken with the economy

5 children. And another fully grown adult.

# ? Nov 2, 2017 18:42

Hoodwinker: Nov 7, 2005

Chin Strap posted:

5 children. And another fully grown adult.

Well yeah I mean gently caress that guy. I thought we were all in agreement on that part? He already makes six figures so it's guillotine for him either way.

# ? Nov 2, 2017 18:43

Moneyball: Jul 11, 2005; It's a problem you think we need to explain ourselves.

After reading this derail, IMO we need a world government to outlaw having children for one century.

# ? Nov 2, 2017 18:44

22 Eargesplitten: Oct 10, 2010

There is no such thing as ethical reproduction under capitalism.

Seriously, something has happened over the past generation. My parents raised me (at least somewhat) securely on one electrician�s income. Then something happened over the last 20-25 years. Most of my friends are on the �gently caress having kids� train at this point, and at least some of it has to involve finances.

# ? Nov 2, 2017 18:46

Cicero: Dec 17, 2003; Jumpjet, melta, jumpjet. Repeat for ten minutes or until victory is assured.

brugroffil posted:

If you need a six figure income i.e. at a minimum twice the median household income to have and raise children without having to live extremely precariously financially, maybe something is fundamentally broken with the economy

It's not really the economy per se. GDP per capita in the US is great, even accounting for PPP. Even median wages are fine compared to other developed economies, from what I've seen. The US just has poo poo for social safety nets, which hurts most people, but it particularly hurts families.

NUKES CURE NORKS posted:

I dunno, I’m of the belief that it’s irresponsible to have kids if you’re not in a good financial position to do so.

Yeah, but with the way the US is set up you're basically saying "anyone working class or below shouldn't have kids". You're not entirely wrong, but it's really more of a systemic problem (it shouldn't be the case that affluence is a prerequisite to responsible child-rearing).

Cicero fucked around with this message at 18:54 on Nov 2, 2017

# ? Nov 2, 2017 18:50

Ashcans: Jan 2, 2006; Let's do the space-time warp again!

It shouldn't really need to be said, but creating new people isn't really comparable to mundane financial decisions. Also, it's worth pointing out that the places that provide robust social safety nets and things like access to education, healthcare, and family support actually tend to have lower birth rates. So if you think people are having too many kids, you should actually consider more socialism!

22 Eargesplitten posted:

There is no such thing as ethical reproduction under capitalism.

Seriously, something has happened over the past generation. My parents raised me (at least somewhat) securely on one electrician�s income. Then something happened over the last 20-25 years. Most of my friends are on the �gently caress having kids� train at this point, and at least some of it has to involve finances.

What happened is that wages stagnated compared to productivity and cost of living. Initially this was solved by dual-income families; having your stay-at-home parent get paid meant that the family had more money even though their wages weren't rising. Then we solved it through consumer debt, letting people leverage themselves to buy luxuries and ultimately essentials. Now we are in the situation where most families have all the adults working, most are in debt, and we don't have anything else to trade in as wages continue to stagnate.

# ? Nov 2, 2017 18:55

Drunk Tomato: Apr 23, 2010; If God wanted us sober,
He'd knock the glass over.

22 Eargesplitten posted:

There is no such thing as ethical reproduction under capitalism.

Seriously, something has happened over the past generation. My parents raised me (at least somewhat) securely on one electrician’s income. Then something happened over the last 20-25 years. Most of my friends are on the “gently caress having kids” train at this point, and at least some of it has to involve finances.

Health insurance costs ballooning, student loans, and increased housing costs. They all conspire together to make us poor into our thirties.

The thing is, having a kid doesn't have to be expensive. But it's hard to fathom having a kid when you are saddled with debt, ever increasing rent, and a crappy job that doesn't are about you.

# ? Nov 2, 2017 18:57

Good Parmesan: Nov 30, 2007; I TAKE PHOTOS OF OTHER PEOPLE'S CHILDREN IN PLANET FITNESS

GWM? BWM? https://www.reddit.com/r/personalfinance/comments/7ad6wv/after_seeing_the_credit_karma_post_yesterday_i/

After seeing the Credit Karma post yesterday I began to wonder. I did the whole ancestry.com thing and found out my 5x great uncle moved from Ireland to the states and eventually ended up with a city named after him in Texas (McAllen). Is there a strong chance I could claim property back? posted:

Dunno how to go about this as I�m not from the US. Does anyone with any knowledge on this topic think there�s a strong chance there are funds/properties that myself and my family can claim?
What I know is that this man, John McAllen, owned a lot of land back in the day and somehow ended up with a city named after him. I guess he was likely wealthier than us McAllen�s on the other side of the pond.
Thanks for all help in advance and sorry if this is a silly question.

# ? Nov 2, 2017 18:58

22 Eargesplitten: Oct 10, 2010

Drunk Tomato posted:

Health insurance costs ballooning, student loans, and increased housing costs. They all conspire together to make us poor into our thirties.

The thing is, having a kid doesn't have to be expensive. But it's hard to fathom having a kid when you are saddled with debt, ever increasing rent, and a crappy job that doesn't are about you.

That�s a good point. My parents had barely any student loans. My dad had an AS and my mom got a full ride at Duke. (She wasn�t the sole income because being a social worker was soul crushing). And in the 25 years they had their house, they made additions but it still sold for over 5x what they bought it for. Now rent for a single room is almost never under $600 and you�re extremely lucky to get $10.50 at unskilled jobs with terrible benefits.

loving Californians ruin everything.

# ? Nov 2, 2017 19:04

Good Parmesan: Nov 30, 2007; I TAKE PHOTOS OF OTHER PEOPLE'S CHILDREN IN PLANET FITNESS

https://www.reddit.com/r/personalfinance/comments/7a92yp/burial_insurance_for_young_adult_child/

Burial insurance for young adult child? posted:

Hello, PF friends.
Might be an unusual question, but I hope it is taken seriously:
My son is 21, almost 22. He's an only child for both his bio dad and I. I'm remarried. All except bio dad live in Ohio now.
My son is taking some risks that I would consider "frightening", and I'd like to insure him for the price of a decent funeral...$10,000?
I don't want to get specific, but he is riding a motorcycle that belongs to his friend, is uninsured, he has no license, etc, etc.
What kind of insurance do I buy? Does he need to sign anything? He absolutely, completely refuses any help. He has some fairly serious mental illness that is not being taken care of now that he is an adult living outside of the house.
Just looking for advice. I hope I never have to bury my only child, but it looks like I should start worrying about it.

# ? Nov 2, 2017 19:05

Droo: Jun 25, 2003

22 Eargesplitten posted:

loving Californians ruin everything.

This is true - you can trace back all of these problems pretty much directly to Ronald Reagan.

# ? Nov 2, 2017 19:06

Jordan7hm: Feb 17, 2011; Lipstick Apathy

Good Parmesan posted:

https://www.reddit.com/r/personalfinance/comments/7a92yp/burial_insurance_for_young_adult_child/

This isn�t BWM, this is sad.

# ? Nov 2, 2017 19:12

brugroffil: Nov 30, 2015

Good Parmesan posted:

GWM? BWM? https://www.reddit.com/r/personalfinance/comments/7ad6wv/after_seeing_the_credit_karma_post_yesterday_i/

Reclaim your feudal birthright over the city

# ? Nov 2, 2017 19:13

Hoodwinker: Nov 7, 2005

brugroffil posted:

Reclaim your feudal birthright over the city

"According to a recently discovered myth, my ancestor slew the green dragon that terrorized the kingdom who owned this land 1,200 years ago and was in exchange gifted the hand of the princess to marry. What tax forms do I need to file to declare myself as the rightful heir to the throne of what is now a small chunk of Wales?"

# ? Nov 2, 2017 19:18

EAT FASTER!!!!!!: Sep 21, 2002; Legendary.

opposable thumbs.db posted:

In a non-BWM comment, I hope that Solice Kirsk's client is still in the process of selling that Bitcoin given that it's hovering at around $7,000 per Bitcoin now.

I just thought about that guy and smiled while taking a poop earlier.

# ? Nov 2, 2017 19:18

H110Hawk: Dec 28, 2006

opposable thumbs.db posted:

In a non-BWM comment, I hope that Solice Kirsk's client is still in the process of selling that Bitcoin given that it's hovering at around $7,000 per Bitcoin now.

https://www.reddit.com/r/tifu/comments/7abu1l/tifu_by_buying_the_worlds_most_expensive_truck/

Is this the other side of that story?

# ? Nov 2, 2017 19:32

Motronic: Nov 6, 2009

Phanatic posted:

Regardless of the effects on the environment or everyone else? Sorry, population control is essential for survival of humanity and at some point, procreating as much as you want to should be seen as irresponsible because at some point it is actually irresponsible. Is that point 2 kids? No, but it's somewhere between there and Nadya Sulemon.

Avatar/post combo.

# ? Nov 2, 2017 19:33

Enfys: Feb 17, 2013; The ocean is calling and I must go

Good Parmesan posted:

GWM? BWM? https://www.reddit.com/r/personalfinance/comments/7ad6wv/after_seeing_the_credit_karma_post_yesterday_i/

What is a 5x great uncle?

# ? Nov 2, 2017 19:45

Devian666: Aug 20, 2008; Take some advice Chris.; Fun Shoe

BEHOLD: MY CAPE posted:

Put into other words, the housing bubble in New Zealand and Australia is such that you could save the anecdotal millennial $40 avocado toast every single day and the housing market would still continue to run away from you much faster than you could ever possibly accumulate a down payment.

Correct. Prices are so high that cops and teachers are moving out of Auckland to find more affordable housing. When the middle class is struggling with rent and can never afford to buy a house you have problems. The poorest 50% work in manufacturing jobs or retail and can barely get by. We have a major housing crisis which the previous Government denied up until this year, and only because it's an election year.

The former Prime Minister said the queues of people trying to rent a house and the students forced to camp in the woods due to the lack of rentals was "a problem of success". Funnily enough they lost the election, and avocado_toast.txt will still not be enough for a deposit on a house.

# ? Nov 2, 2017 19:46

OctaviusBeaver: Apr 30, 2009; Say what now?

brugroffil posted:

If you need a six figure income i.e. at a minimum twice the median household income to have and raise children without having to live extremely precariously financially, maybe something is fundamentally broken with the economy

Most people in every time period live precariously. This is because they spend whatever they earn when they earn it. The average house is 1000 square feet bigger now than it was in the 60s. If wages went up then people would buy bigger houses, newer cars and still have credit card debt.

# ? Nov 2, 2017 19:57

22 Eargesplitten: Oct 10, 2010

EAT FASTER!!!!!! posted:

I just thought about that guy and smiled while taking a poop earlier.

Do you not normally smile while taking a poop?

# ? Nov 2, 2017 20:06

cosmic gumbo

Mar 26, 2005

IMA

GRIP

SIP

https://www.reddit.com/r/personalfinance/comments/7acy28/should_my_friend_borrow_out_of_their_roth_401k_to/

quote:

Should my friend borrow out of their ROTH 401k to pay off massive CC bills?

So a friend just confided in me they have racked up ~40k in credit card debt across a few cards, as well as having ~40k in student loan debt. Annual salary is ~100k, most of the CC debt was taken on before getting this job. Monthly FIXED expenses (rent, car, insurance, etc) are a little north of 2500 (they live in an expensive city and this will be difficult to reduce in the near-term)

https://www.reddit.com/r/personalfinance/comments/7a4oxs/brother_constantly_using_mothers_ssn_for_quick/

quote:

Brother constantly using mother's SSN for quick cash loans

My brother is repeatedly taking out quick cash type loans using his own mother's social security number. My other siblings and I wanted to contact police after it happened last month, but Mom begged us not to. She only found out about the loan when she started getting harassing phone calls about it. He scrounged together the money to pay if off (in person, with Mom present) with the understanding that this can never happen again.

Mom calls me today to say he has done it again. She discovered a new loan for $1,800 or so on her credit report.

I know she needs to report the identity theft online, but can anyone offer some insight as to what will happen if she reports this to the police? Since we know who is doing it, does it change the process?

Is there anything she can do to stop him from using her social? I have read the PF Wiki about freezing your credit, but unfortunately she is trying to move to a senior apartment complex and is worried they won't be able to pull her credit to approve her application.

Edit: will be adding more details in the next couple of hours! (By 9pm central) Last I saw this only had 6 comments...thank you all!

Edit 2: Before I add some more details for the curious, I wanted to confirm that Mom did contact the police department and they came to her apartment to take a statement. We will be helping her through the process of freezing her credit. Thank you all so much for your advice!
My mom is 76. She has been divorced for decades and lives solely on her social security payments. She has no debt, other than the loan issues from my brother.

The son in question, her oldest, is 54 and has a long record of being an awful person. He was employed at a Check N Go type place in 2010 and was arrested and charged with forgery and two counts of fraud for (I believe) taking out loans in customers' names who did not request it. All of those charges were listed as felonies, it seems, and I have no idea how he is not currently in prison, nor ever went for more than a few days. I just pulled his criminal record and it does appear he was found guilty of all charges. Excuse my ignorance on how all of that works.
I do not believe there are any drug addiction issues, but with him being so estranged from the family it is hard to say. I know he seems to spend money extremely frivolously - constant new cars, a new Harley last year. He also posted a gofundme to FB a few months ago to help pay for 'legal troubles' that seem to be related to an ex-roommate and her young daughter. It is possible he is having more than his usual money problems in relation to that mess.

I believe another issue with my Mom hesitating to press charges initially, is that my brother is in fairly poor health. I'm sure she fears he would not survive long in prison. Again - she did contact police this evening and they took a statement and got his information. We'll see where things go from here.

https://www.reddit.com/r/personalfinance/comments/7acft3/scammed_11k_what_do_i_do_now/

quote:

Scammed 1.1k what do I do now?

Okay, I know I acted stupid I just wanted to help out. I was walking home from school when these two ladies seemed like they really needed help and asked if I could cash in their paycheck and take the cash deposit out. They said they worked in an elderly home nearby and had their wallets stolen. One of them was a single mother who lived paycheck by paycheck to support her and her son and the other was barely getting by on her rent. I felt really bad and just wanted to help out (yes I know I�m dumb). I figured if the checks went through, there shouldn�t be any problems. The checks went through the ATM, which totaled out 1.2k. We exchanged numbers since the money wasn�t yet readily available but they took whatever cash I had in my account which was 400. Later that night one of them kept calling me to pick up the rest of the money and their money did deposit so my account had 700. She wanted all 700 but I told her I needed some money myself. I gave her 500 so she could pay her rent (she doesn�t have my address we met at a nearby place). It turns out all the checks got bounced. I don�t even think these were actual paychecks anymore. My accounts frozen right now and I�m wondering if I look really suspicious to the bank. My balance right now is like -800. I don�t know what to do.

UPDATE: I texted her, telling her the rest of her money�s been deposited and that we should meet up soon. She wants to meet up soon. Should I go to the police station?

Update 2: On my way to the police station

# ? Nov 2, 2017 20:07

BonerGhost: Mar 9, 2007

Is Leon ever coming back? These are just depressing.

# ? Nov 2, 2017 20:19

Good Parmesan: Nov 30, 2007; I TAKE PHOTOS OF OTHER PEOPLE'S CHILDREN IN PLANET FITNESS

NancyPants posted:

Is Leon ever coming back? These are just depressing.

SWM

# ? Nov 2, 2017 20:20

legendof: Oct 27, 2014

https://motherboard.vice.com/en_us/article/xwaaba/own-luxury-porsche-blockchain-tend-credit-suisse

Timeshares on Porsches? Backed by cryptocurrency? What could go wrong!

My favorite quote from this article is

quote:

The TEND website states that the company will give people "opportunities which are currently beyond their reach but reflect their aspirations."

# ? Nov 2, 2017 20:39

Bird in a Blender: Nov 17, 2005; It's amazing what they can do with computers these days.

22 Eargesplitten posted:

His line item for one car is $700. He calls it a modest SUV. There�s some prime content there. Either he�s getting a terrible interest rate, somehow rolled over negative equity with that income, thinks $50,000 is �modest,� or is paying it on a really short term loan. I guess that last one isn�t prime content, just more eye rolling.

A $25,000 loan at 2% for 3 years is a little over $700 a month, so that could be right. Just another thing to eye roll at though because in a few years he will have a completely paid off car that will likely still be good for another 6-7 years unless his wife drives a ton.

# ? Nov 2, 2017 21:04

Craptacular: Jul 11, 2004

Enfys posted:

What is a 5x great uncle?

Great-great-great-great-great-grandfather's brother.

# ? Nov 2, 2017 21:04

Moneyball: Jul 11, 2005; It's a problem you think we need to explain ourselves.

He's not that great.

# ? Nov 2, 2017 21:17

George H.W. Cunt: Oct 6, 2010

Do we still care that Leon edits the stories to make them more outrageous? I thought that was a thing he did in the last thread.

# ? Nov 2, 2017 21:26

Krispy Wafer: Jul 26, 2002; I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat; Grimey Drawer

Moneyball posted:

He's not that great.

They named a town after him. How much greater does he need to be?

I have a city named after me, but I'm going to go out on a limb and assume any founder's gold has long since been spent on horses or cowboy hats.

George H.W. oval office posted:

Do we still care that Leon edits the stories to make them more outrageous? I thought that was a thing he did in the last thread.

All of Leon's stories are about himself. That's the twist at the end you never saw coming.

# ? Nov 2, 2017 22:12

Hoodwinker: Nov 7, 2005

He's back in like 10 days, but who knows how long he'll last before getting banned again. Getting banned is BWM and bad for BWM.

# ? Nov 2, 2017 22:18

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# ? Jun 8, 2024 15:12

potatoducks: Jan 26, 2006

George H.W. oval office posted:

Do we still care that Leon edits the stories to make them more outrageous? I thought that was a thing he did in the last thread.

I care. It's so so dumb. It was unnecessary too.

# ? Nov 2, 2017 22:30

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Bad With Money 2018: When I die, bury me in the blockchain.

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