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Hoodwinker posted:I don't. I GIS'd "toucan" and saw the pretty blue in a sea of orange and red toucan beaks and I said, "That's the bird for me!" 
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Nov 29, 2017 18:22
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Look at that pretty bird!
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Nov 29, 2017 18:27
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There are people who will be broke at any income level. These people are bad with money. Feels a little bit like punching down to mock the poor, so my favorite BWM stories are mocking the foolish. https://www.cnbc.com/2017/03/24/budget-breakdown-of-couple-making-500000-a-year-and-feeling-average.html Look at those sad people, owning a $1.5M house in NYC, driving a 5 Series BMW, taking three vacations a year, and keeping their kids in violin lessons. At the end of it all, they only have $7,300 in cash and $36,000 in retirement savings to show for it. https://twitter.com/DanAmira/status...ng-average.html
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Nov 29, 2017 18:31
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therobit posted:Do you know what kind of toucan it is? Looks like the White-Throated Toucan: https://en.wikipedia.org/wiki/White-throated_toucan
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Nov 29, 2017 18:39
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canyoneer posted:There are people who will be broke at any income level. These people are bad with money. Feels a little bit like punching down to mock the poor, so my favorite BWM stories are mocking the foolish. I mean, they spend $18,000/year on charity. That may or may not be morally laudable, but it shows they're actively choosing to not save much each year.
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Nov 29, 2017 18:45
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My brother in law was making oilfield money (200k+) in cheap San Antonio suburbs. He did it at least 4 years. Two kids and a wife, they didn’t save anything. Now they have 4 kids, but at least he’s a supervisor now. He’s the constant reminder for my wife and me that you can never make so much money that your spending can’t expand to match it.
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Nov 29, 2017 18:49
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disjoe posted:I mean, they spend $18,000/year on charity. That may or may not be morally laudable, but it shows they're actively choosing to not save much each year. 1 grand a month on lessons for kids, three 6000 vacations a year, over 400 a month on gas. gently caress em.
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Nov 29, 2017 18:53
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It's always possible to make good or bad decisions whatever your income and wealth; whatever the systematic pressure, an individual can always buck the trend, but you should still be aware of them. What I mean is that if you have one guy who buys too many horses, then he's an idiot. But if 35% of your population is buying too many horses, your society has a horse infestation and you're not going to solve it one idiot at a time.
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Nov 29, 2017 18:55
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Ashcans posted:It's always possible to make good or bad decisions whatever your income and wealth; whatever the systematic pressure, an individual can always buck the trend, but you should still be aware of them. Still bears, still great (Make sure to listen to the audio for this one)
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Nov 29, 2017 18:56
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I'd play a violin for them over how they only have 7k left after maxing two 401ks and living in a 1.5 million dollar house, but I won't spend $12k on lessons.
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Nov 29, 2017 19:05
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http://www.businessinsider.com/nasdaq-set-to-launch-bitcoin-futures-2017-11 NASDAQ is going to start trading in bitcoin futures. That'll probably smooth out some volatility. Might even deflate the bubble a bit and cause lots of tears.
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Nov 29, 2017 19:10
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As long as Solice Kirsk’s client keeps making $5,000 per day for effectively giving his friend a $6,000 car years ago.
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Nov 29, 2017 19:13
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Stop spending money on eels. No
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Nov 29, 2017 19:36
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Frankly I think a horse trained to be a butler for a mere $137k is a steal.
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Nov 29, 2017 19:40
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Poor Jeeves, thought of wrinkly shirts and died.
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Nov 29, 2017 19:44
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Subjunctive posted:What does a successful CEO look like?   
Sic Semper Goon fucked around with this message at 20:01 on Nov 29, 2017 |
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Nov 29, 2017 19:46
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canyoneer posted:There are people who will be broke at any income level. These people are bad with money. Feels a little bit like punching down to mock the poor, so my favorite BWM stories are mocking the foolish. I'm waiting for the article where someone says "I can barely make ends meet with a $250k salary. I realize that other people make less than me. That is why I am fighting to have the federal minimum wage raised to (the barely livable level of) $250k per year."
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Nov 29, 2017 19:54
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canyoneer posted:There are people who will be broke at any income level. These people are bad with money. Feels a little bit like punching down to mock the poor, so my favorite BWM stories are mocking the foolish. There's a couple in a similar position on Youtube who I commented and said they shouldn't be giving anyone financial advice. The usual expenses, but they work for non-profits for student loan forgiveness and don't earn enough to pay for a hovercraft full of eels. They actually responded and said do you know our financial position, etc. So I sat through a bunch of their lovely videos giving them views. The video I watched said they had $1m in debt, then their budget video claimed they had $300k net assets. I smelled bullshit. Their net assets sounded fine, except they left out $418k of student loans so their actual net worth is -$100k. They are counting loan forgiveness before they have it. Their advice is also lovely because it only applies to high earning professionals. Of course they are addicted to debt with heaps of excuses about why they needed an expensive house and cars. https://www.youtube.com/watch?v=1Le6wfMM_R4
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Nov 29, 2017 20:02
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22 Eargesplitten posted:As long as Solice Kirsk’s client keeps making $5,000 per day for effectively giving his friend a $6,000 car years ago. Not my client anymore.  My firm took him away from me. Well, moved him to the highest tier of stuff we got on my suggestion, but he's still doing extremely well as far as I know. He called the other day, but I was out of the office.
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Nov 29, 2017 20:18
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Solice Kirsk posted:Not my client anymore.
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Nov 29, 2017 20:21
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If you budget includes 10k/year in car payment on luxury cars, maxes out 2 401k accounts, and services an amortizing payment on $1.5MM of real estate debt, you don't get to complain about how little you put into savings. also LOL ar 10k/year on "something always comes up".
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Nov 29, 2017 20:30
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therobit posted:If you budget includes 10k/year in car payment on luxury cars, maxes out 2 401k accounts, and services an amortizing payment on $1.5MM of real estate debt, you don't get to complain about how little you put into savings. The payments on their student loans as well. Their effective savings rate a proportion of net income is very high. So they just feel average with 20% of their net income being spent on daycare and horse archery lessons for the kids.
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Nov 29, 2017 20:35
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Devian666 posted:horse archery Archery from horseback? Training horses in archery? Shooting horses full of arrows? I am in no matter what.
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Nov 29, 2017 20:44
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therobit posted:Archery from horseback?
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Nov 29, 2017 20:48
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therobit posted:Archery from horseback? It's actually all 3. You train horses in archery and then battle them from horseback.
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Nov 29, 2017 20:48
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canyoneer posted:It's actually all 3. You train horses in archery and then battle them from horseback. You can charge money for a show that good so it’s GWM until animal rights activists shut you down.
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Nov 29, 2017 21:04
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Devian666 posted:There's a couple in a similar position on Youtube who I commented and said they shouldn't be giving anyone financial advice. The usual expenses, but they work for non-profits for student loan forgiveness and don't earn enough to pay for a hovercraft full of eels. They actually responded and said do you know our financial position, etc. So I sat through a bunch of their lovely videos giving them views. The video I watched said they had $1m in debt, then their budget video claimed they had $300k net assets. I smelled bullshit. This goes for these people and the people in the CNBC article (who apparently have annual student debt payments of $32K for 10-20 years). How in the actual living gently caress do you end up with half a million dollars in student debt?
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Nov 29, 2017 21:17
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Quick reminder since it's been reported a few times as of late pig slut lisa posted:
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Nov 29, 2017 21:26
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Lead out in cuffs posted:This goes for these people and the people in the CNBC article (who apparently have annual student debt payments of $32K for 10-20 years). How in the actual living gently caress do you end up with half a million dollars in student debt? They're both lawyers at big firms, so they likely went to highly ranked (i.e., expensive) law schools. It's plausible they each took $250k in student loans, if neither got good scholarships.
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Nov 29, 2017 21:30
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Solice Kirsk posted:Not my client anymore. Every time I think about this guy I do a lol and check the BTC ticker and then do a little "woot" in his honor.
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Nov 29, 2017 21:42
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I don't know what exchange he's trading off (and frankly I don't want to know) but if you assume he's got a weekly limit of $35-50k as far as what he can get turned around, in the 8(?) weeks since he got started on this he's definitely cashed out between a quarter and a half a million USD. Talk about your lottery ticket.
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Nov 29, 2017 21:43
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For Denver telecommuter: If he lives in Denver or the surrounding area, the house will sell quickly at 330k, provided it's standing and habitable. A 1000 square foot 2 bedroom in my boring suburban hood sold for 320k. My friends 2/2 Habitat home in a sketchy area was on the market 350k. But even the worst apartments cost costas much or more than his mortgage payment + insurance. Roommates are a good idea, but selling to rent when you have a good deal is not.
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Nov 29, 2017 22:03
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Lead out in cuffs posted:This goes for these people and the people in the CNBC article (who apparently have annual student debt payments of $32K for 10-20 years). How in the actual living gently caress do you end up with half a million dollars in student debt? For doctors and lawyers, easily. Average med school grad debt is around $180k, plus undergrad. Have a 2 physician/lawyer couple, double it. Plus 3-6 years for doctors of residency where you are probably starting Income based repayment and not even servicing the interest.
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Nov 29, 2017 22:12
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Lead out in cuffs posted:This goes for these people and the people in the CNBC article (who apparently have annual student debt payments of $32K for 10-20 years). How in the actual living gently caress do you end up with half a million dollars in student debt? Professional school plus or minus prestigious undergraduate diploma
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Nov 29, 2017 22:44
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Are there doctor equivalents of people that spend $150,000 to get a poo poo law degree and end up doing doc review for $35,000 a year?
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Nov 29, 2017 23:07
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Sic Semper Goon posted:Always wanted to make a parody of this type of thing, showing my fat, hairy self soullessly staring into the camera as above, while I post about how my personal brand of snake oil hasn't helped me in the slightest, and how I hold the reader in open contempt, yet you idiots should buy it for $200.00 a bottle because of toxins or some poo poo.
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Nov 29, 2017 23:14
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Ashcans posted:Are there doctor equivalents of people that spend $150,000 to get a poo poo law degree and end up doing doc review for $35,000 a year? Ones who can't get a residency or don't finish it. There have been a couple of those in this thread.
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Nov 29, 2017 23:18
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disjoe posted:They're both lawyers at big firms, so they likely went to highly ranked (i.e., expensive) law schools. It's plausible they each took $250k in student loans, if neither got good scholarships. This is unfortunately the case. With the couple I linked they went that path but went with the lower paying legal jobs. In part because of the student loan write off, but also because it's their preferred work.
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Nov 29, 2017 23:45
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OctaviusBeaver posted:Ones who can't get a residency or don't finish it. There have been a couple of those in this thread. See - the show "Shrink " on the recently defunct Seeso network
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Nov 29, 2017 23:59
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Ashcans posted:Are there doctor equivalents of people that spend $150,000 to get a poo poo law degree and end up doing doc review for $35,000 a year? OctaviusBeaver posted:Ones who can't get a residency or don't finish it. There have been a couple of those in this thread. Prettymuch the entirety of Caribbean med students. Med schools in the Caribbean are for-profit; they're insanely expensive and people only attend because the admission requirements are much lower and they couldn't get accepted to US schools. Very few complete their degree, and of those that do there aren't many that make it to a residency. I'm not sure what line of work they end up in but there's probably an endless trove of BWM stories surrounding Caribbean MD students and their struggles to pay off 6-figure loans without a matching salary.
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Nov 30, 2017 00:07
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