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Zo posted:poors have all the more reason to be financially responsible, like how fats have all the more reason to exercise. It's less funny when there are contributing factors entirely out of their control , and no amount of financial responsibility would pull them out of their situation. Like do you think the single mother with a learning disability and severely handicapped kid still wouldn't be hosed financially if she made better car buying decisions or was legally literate enough to get herself off that lease?
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Nov 15, 2017 04:10
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Look, someone blowing a third base starting point because they came from a poor upbringing and have no idea how to do finance! I think perhaps they are sufficiently not-poor enough to make fun of, but who knows? https://www.learnvest.com/2014/09/from-trust-fund-kid-to-average-joe-what-blowing-a-250k-inheritance-taught-me
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Nov 15, 2017 04:21
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baquerd posted:Look, someone blowing a third base starting point because they came from a poor upbringing and have no idea how to do finance! I think perhaps they are sufficiently not-poor enough to make fun of, but who knows? There we go, this is the good stuff. He turned the possibility of financial independence into a middle class life and modest savings. e: $250k in 1999 dropped into the S&P500 (near the top of the market at that) would be ~$650k today. Instead he has $120k saved, even after $80k+ of gains from real estate appreciation. AreWeDrunkYet fucked around with this message at 05:01 on Nov 15, 2017 |
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Nov 15, 2017 04:53
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baquerd posted:Look, someone blowing a third base starting point because they came from a poor upbringing and have no idea how to do finance! I think perhaps they are sufficiently not-poor enough to make fun of, but who knows? ahhh yessss my pupils tighten, my heart rate goes up, this is the loving good stuff.
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Nov 15, 2017 05:17
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I can understand the allure of dropping big bucks to go to a fancy out of state school, even if it's a bad decision financially. But why the hell would you pay $30k/yr to live in rural Indiana of all places? If you're paying that much at least go somewhere interesting.
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Nov 15, 2017 05:21
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403 - Forbidden fruit  Looks to be alternative link http://thehillnews.net/news/From-Trust-Fund-Kid-to-Average-Joe:-What-Blowing-a-$250K-Inheritance-Taught-Me quote:With my back up against the wall, I reminded him of the $10,000 I'd given him a few years earlier. He owed me. This line of reasoning was successful in prompting him to hand over the cash — but quickly marred whatever relationship we had left. Nasty words were exchanged, which led to several years of not speaking to one another. quote:Despite this setback, I graduated college in 2003 and began working as a financial aid adviser for an online college. Suspicious Lump fucked around with this message at 05:33 on Nov 15, 2017 |
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Nov 15, 2017 05:29
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Suspicious Lump posted:At least the guy seems to be self-aware of his dumb actions. The point isn't to help people make good financial decisions, the point is to get 17 year olds to take out absurd amounts of debt to get the same education they could get for 1/4 the price at their state college. He was probably perfect for that.
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Nov 15, 2017 05:38
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quote:https://www.reddit.com/r/MoneroMining/comments/7d1268/need_consulting_on_investing_significant_amount/ Crypto leads to positive outcomes people
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Nov 15, 2017 07:16
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crypto is so loving bad for the environment lmao
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Nov 15, 2017 07:24
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OctaviusBeaver posted:Some people are poor because of bad luck and some people are poor because they constantly make terrible choices. One is funny, the other isn't. The guy who founded a restaurant and sat in the freezer drinking all day is funny, the fact that his kids lost their house over it is sad. Look, just tell me which way to throw the trolley track switch.
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Nov 15, 2017 07:57
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Content: my boss sold his house before moving for a new job. He asked me for advice on what to do with the equity that came out when he sold, about 30k. We came up with a plan to eliminate his credit card debt and knock a big chunk out of his student loans. I was genuinely happy for him that he would be on a better financial path. The next week he comes into work with a brand new fully loaded truck to replace his functional financed vehicle. He put the equity down, and was ecstatic that his payment only went up by 15 dollars. 
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Nov 15, 2017 08:12
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hailthefish posted:This thread is much more fun when it's mocking upper-middle-class idiots for taking out a third mortgage on their shittily built, oversized house to buy a brand new truck to haul their horse to the equine Sorry, this needed just a teeny correction.
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Nov 15, 2017 10:36
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AreWeDrunkYet posted:There we go, this is the good stuff. He turned the possibility of financial independence into a middle class life and modest savings. I have a deposit account scheme paying 3% interest on the first $50K, fully liquid with literally 0% risk...And yet people would still choose the equivalent of stuffing their money under their bed.
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Nov 15, 2017 12:14
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baquerd posted:Look, someone blowing a third base starting point because they came from a poor upbringing and have no idea how to do finance! I think perhaps they are sufficiently not-poor enough to make fun of, but who knows? quote:Not wanting to drop out, I reached out to my father for help. I received an icy reaction from my dad, who was disappointed in how I’d mismanaged my money. While he didn’t know all the details, he caught the gist: I’d blown through nearly a quarter of a million dollars. Dad here is the ultimate BWM. Mom dies when the kid is 8, dad apparently spends very little of that time raising the child since he mentions that he was always distant from dad. Drops a bombshell on his son right before his 18th birthday with apparently no advice whatsoever, and then is disappointed when the obvious thing happens. Dude could probably have milked his son for a long time since he apparently needed the money too, borrowing $10k from his 18 year old son. Either way, dad completely failed his son. I guarantee that most 18 year olds when handed a huge wad of cash are going to blow it in hilarious ways. At least the guy ended up paying for most of his college with it. I wish I knew the guy, I'm also from the NW Chicago burbs, and got out of college in 2003, so he is probably one to two years older than me at most. I had a ton of friends at Purdue and NIU too, but I can't remember anyone in this situation.
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Nov 15, 2017 14:11
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sparkmaster posted:Content: my boss sold his house before moving for a new job. He asked me for advice on what to do with the equity that came out when he sold, about 30k. We came up with a plan to eliminate his credit card debt and knock a big chunk out of his student loans. I was genuinely happy for him that he would be on a better financial path.  That's the good stuff right there.
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Nov 15, 2017 14:41
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I watched a 19 year old client of mine blow through $90k she got from her tribe in 3 months. She paid a years rent up front, bought a bunch of video game systems for her boyfriend and his friends, quit her job to take a trip to Mexico with her boyfriend and all her friends (I think she paid for everything for everyone), etc. I kept telling her to at least open a 529 for her kid, but she kept putting it off. You can't give a kid that kind of money and think they're gonna do anything smart with it if you don't teach them about that stuff. I mean, she's an adult and made her own decisions, but flat out wouldn't listen to advice from anyone. I remember her boyfriend trying to talk her out of paying the years rent up front so they could look into buying a house for them and their kid (he was full court pressing her at my desk too, like having me weigh in and trying to explain to her that it's throwing too much money away). Her stance was she didn't want to move or look for places outside of her neighborhood. It's terrible that 6 months from when she got this huge windfall she's right back to begging me to forgive overdraft charges.
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Nov 15, 2017 14:46
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Suspicious Lump posted:This guy over at reddit/PF is recommending people join the army for "re-setting your life financially and professionally." Well I wouldn't join the army, but if you're physical capable at all, joining the air force was probably one of the best decisions I made in my life, especially financially. If you aren't a complete moron, you are already ahead of half of the military. Most jobs are pretty easy, and the benefits are great. If you can't save 50-75% of every paycheck if you're in the dorms, you are doing something seriously wrong. An E-3 making 1,885.80 a month living in the dorms. All your food is paid for. You have no utility bills. When I was in the dorms, I spent 300 a month on a car/insurance. 40 bucks on a phone. 50 bucks on internet. That's roughly 1500 a month of cold hard disposable income.
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Nov 15, 2017 14:48
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TLG James posted:Well I wouldn't join the army, but if you're physical capable at all, joining the air force was probably one of the best decisions I made in my life, especially financially. With that kind of money, you'd be foolish not to buy brand new Mustang or truck or quickie marriage to a local girl near the base.
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Nov 15, 2017 14:57
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TLG James posted:Well I wouldn't join the army, but if you're physical capable at all, joining the air force was probably one of the best decisions I made in my life, especially financially. It depends on your MOS, but a lot of military jobs don't really give you transferable skills and experience. Even if you save up a bunch of money, your career will be several years behind people that did not go that route. Frankly, for most non-wealthy people their labor income is going to be the biggest determinant of their financial situation and the GWM-est thing you can do is work on maximizing that.
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Nov 15, 2017 15:09
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AreWeDrunkYet posted:It depends on your MOS, but a lot of military jobs don't really give you transferable skills and experience. Even if you save up a bunch of money, your career will be several years behind people that did not go that route. That has to go hand and hand with the whole, don't be a moron thing. There are plenty of jobs in the military that have direct transferable skills. Mostly in IT or healthcare. I completely disagree that you are going to be "years behind" anyone. In fact, you can get ahead of most of your peers. Maybe in an ideal world where you go to college, have 0 student loans, and get a decent paying job right out of college, you might be correct. For most people, this is just not the case. In a 4 year military career, if you work towards it, you can at a minimum have an associates done, and have 3 years or so of real world experience. A lot of people go to college for 4+ years, have a large amount of student loans, and end up with a very low paying job out of college. Or have a decent job but very large student loan repayments. Also, the entire aspect of being able to get a government job much easier as a vet.
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Nov 15, 2017 15:34
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Department of National Defense here in Canada is filled with ex-military people working on earning their second pension.
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Nov 15, 2017 15:35
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Plus if you join the reserve after you leave, you can get a nice signup bonus and 3-400 extra bucks a month so hey, there's maybe a house down payment and your beer money taken care of.
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Nov 15, 2017 15:36
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TLG James posted:There are plenty of jobs in the military that have direct transferable skills. Mostly in IT or healthcare. Right, having a security clearance from being in the military plus IT experience can nearly guarantee a high paying job if someone's willing to move to DC.
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Nov 15, 2017 15:44
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Jordan7hm posted:The cell phones blow me away more than anything else. Goddamn. I’ve seen some crazy high bills, and phone plans can easily get out of control. 2 lines alone on the top Verizon plan are now $170, then add two iPhones at $30-40 a month each, insurance on both phones, then oh hey get an iPad for such or you, another $20 a month each. That’s before late fees start adding on too. Also, before tax.
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Nov 15, 2017 16:08
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totalnewbie posted:Joining the army means giving up a lot of (but not all) ability to gently caress up while guaranteeing housing, income, pension, reasonably healthy food, exercise, etc. Never met people with more money problems than ex military coworkers at my last job. I was a semiconductor process engineer and many of the equipment technicians were ex military guys. They had all sorts of problems that came from never having learned to budget for housing and transportation, or basic home maintenance. One guy was strapped for cash and having his truck repo'd when his sink drain got clogged, so rather than pay for a plumber to come out and snake it he attached a hose to the p-trap under his sink and drilled a hole out to his backyard, and stuck the hose through it. His kitchen sink emptied into his goddamn back yard.
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Nov 15, 2017 17:22
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TLG James posted:That has to go hand and hand with the whole, don't be a moron thing. Yes, I will say that despite some of them being financially illiterate, they were great technicians. We hired mostly ex nuclear sub techs from the Navy and ex radar techs from the Marines. They had excellent electronics and mechanical debug and repair skills, on average. Extremely well prepared to work on expensive and complicated semiconductor manufacturing equipment with tons of robots and vacuum chambers and complicated electromechanical systems, and disciplined enough to be working with extremely dangerous chemicals, like we had one process that relied on a chemical where, if it was on fire, pouring sand on it, which is a standard way to put out a fire, would actually make it BURN FASTER because it was so volatile, you need to have your head on straight to be able to handle that kind of danger and not burn the whole place down. EIDE Van Hagar fucked around with this message at 17:29 on Nov 15, 2017 |
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Nov 15, 2017 17:27
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https://www.youtube.com/watch?v=dAhiqGZCwNQ
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Nov 15, 2017 17:30
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Pretty sure someone posted this in the wrong thread, crossposting heremaskenfreiheit posted:My[26m] girlfriend[25f] wanted to split the rent 50:50 when she made more than me, now expects me to pay the majority now that I make more than her. https://www.reddit.com/r/relationships/comments/7cz15o/my26m_girlfriend25f_wanted_to_split_the_rent_5050/ quote:My girlfriend and I have been together for 2 years and we live together in NYC. We share a 1 bedroom apartment together in Midtown and it is really expensive. My girlfriend works for a marketing agency, and I used to work in a start up.
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Nov 15, 2017 17:34
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Yep, that guy's girlfriend is just using him and looks at his raise as meaning more money for her rather than more money for them. 
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Nov 15, 2017 18:24
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AreWeDrunkYet posted:and I used to make 55k (equity was worthless) but this is the true BWM, love it
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Nov 15, 2017 18:30
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gariig posted:Sure GWM: Convincing people to work for you for peanuts and unrealistic expectations about equity.
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Nov 15, 2017 18:37
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Wars can be extremely GWM if you return from one with VA-rated crippling mental anguish and/or musculoskeletal disorders.
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Nov 15, 2017 20:43
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A Bad King posted:Wars can be extremely GWM if you return from one with VA-rated crippling mental anguish and/or musculoskeletal disorders. It dramatically cuts your earning potential, though, making it both BWM and BWL
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Nov 15, 2017 20:55
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A chemical that's actually more dangerous and less useful than hydrazine. The BWM chemical.
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Nov 15, 2017 21:20
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Great blog series about dangerous chemicals: http://search.sciencemag.org/?q=things%20won%27t%20work%20with /derail
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Nov 15, 2017 22:57
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AreWeDrunkYet posted:Pretty sure someone posted this in the wrong thread, crossposting here quote:it was expected for me to pay for dinner dates. quote:I'm actually going to suggest that it's all less sinister than it comes across, though it's still bad. really is the answer here. They're incompatible with each other and never discussed their wants and expectations.
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Nov 16, 2017 00:53
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Suspicious Lump posted:
Now would be a good time to discuss them. Something similar happened to my friend and his (now ex) fiance. She was a waitress and he's an accountant and he always insisted everything be 50/50 and separate, but when she got hired at a tech company and started making more than him all of a sudden he wanted to combine incomes and began nagging her to start "paying him back for all the times he treated her to nights out." She left him maybe a month later. He's a piece of poo poo, but I still love him and she's still a really close friend of mine, so hearing the two different sides of it for about 8 months was absolutely hilarious. He still doesn't think he did anything wrong.
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Nov 16, 2017 01:57
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Solice Kirsk posted:Now would be a good time to discuss them. Something similar happened to my friend and his (now ex) fiance. She was a waitress and he's an accountant and he always insisted everything be 50/50 and separate, but when she got hired at a tech company and started making more than him all of a sudden he wanted to combine incomes and began nagging her to start "paying him back for all the times he treated her to nights out." She left him maybe a month later. It's always hard when someone you used to have as an employee becomes your boss. Not quite the same thing, but somewhat similar.
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Nov 16, 2017 02:12
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Solice Kirsk posted:Now would be a good time to discuss them. Something similar happened to my friend and his (now ex) fiance. She was a waitress and he's an accountant and he always insisted everything be 50/50 and separate, but when she got hired at a tech company and started making more than him all of a sudden he wanted to combine incomes and began nagging her to start "paying him back for all the times he treated her to nights out." She left him maybe a month later. is the answer! He honestly thinks he has done nothing wrong. Same probably goes for the girl, she thinks this is how things should be!
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Nov 16, 2017 02:55
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Solice Kirsk posted:Now would be a good time to discuss them. Something similar happened to my friend and his (now ex) fiance. She was a waitress and he's an accountant and he always insisted everything be 50/50 and separate, but when she got hired at a tech company and started making more than him all of a sudden he wanted to combine incomes and began nagging her to start "paying him back for all the times he treated her to nights out." She left him maybe a month later. This is unjust! No, not the thing happening to others, only the thing happening to me.
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Nov 16, 2017 03:37
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