Krispy Wafer posted:

You can't justify 10 million for a football coach if you're getting low energy players.

It's a self perpetuating cycle. The program pays ever higher salaries to directors and coaches who in turn need to recruit better and better players which justify higher salaries. Occasionally the system accidentally steps into reality, like when they realized you can't use student likenesses in video games without compensating them, which is impossible when you can't pay them. Hence why you can't get real players in the NCAA video games now.

John Smith posted:

Yup, got it. It is all the White Men's fault. How can any reasonable man think that it is the poor's fault for getting into such debt?

quote:

Hello. Im a 19 year old college student in a pretty bad financial state right now. There's a private college I really want to attend but the tuition is close to $12,000 and they don't work with OSAP at the school. Any suggestions for being able to afford that kinda tuition? As a side note, the only reason I can attend college is because of OSAP. Any help would be appreciated.

quote:

The college is called Max The Mutt and it has an illustration program better than most of post-secondary schools in Ontario. The thing is I'm 90% sure I could get in based on my application. It's the tuition that's the only barrier.

brugroffil posted:

Bwm rewriting the tax code of the biggest economy in the world in an afternoon

Guest2553 posted:

How can I go to a private school I can't afford?

greazeball posted:

Everybody gets into debt, but when white people in Memphis file for bankruptcy, they're much more likely to actually get their debt discharged than black people.

Cockmaster posted:

It's certainly not the poor's fault that they're living in a country where education and healthcare are treated like luxuries while owning a car is very often a necessity. Or that one of our major political parties thinks that having the government enforce solid protection for their legal rights is "anti-business".

Guest2553 posted:

ps gently caress john smith forever and always, crawl up your own rear end and die shitbitch.

John Smith posted:

Right... can't be because these White people got their poo poo together better than these Black people. It must be because of pure discrimination without a single bit of personal diligence coming into play. After all, we know that everybody takes financial and legal matters very seriously and with due diligence, right?

Subjunctive posted:

It’s forbidden to encourage suicide, so I’ll just wish you a happy holidays and hope you get either a brain or a heart in your gifts.

John Smith posted:

Right... can't be because these White people got their poo poo together better than these Black people. It must be because of pure discrimination without a single bit of personal diligence coming into play. After all, we know that everybody takes financial and legal matters very seriously and with due diligence, right?

blackmet posted:

Explain to me how a white person and black person who are filing for bankruptcy are different, except for the color of their skin. I'm curious.

I mean, I'm sure your reasoning will be racist garbage, but I want something to laugh at you over.

Hoodwinker posted:

FrozenVent posted:

Guys, seriously. Stop closing the drawer on your dicks.

http://www.mlive.com/news/detroit/index.ssf/2017/09/60_volkswagens_are_believed_st.html posted:

The president of Detroit-based contractor Adamo Group, Richard Adamo, told the Detroit Freep Press in June that his company, hired by Triple Investment Group, planned to possibly begin demolition of the Silverdome in July, contingent on permits from the city.

Adamo is one of three contractors at the center of a federal probe into possible bid rigging linked to Detroit's grant-funded demolition program.

According to Detroit News report from June , Adamo had earned nearly $44 million of $170 million the city spent on the demolition of 11,670 homes since the program began.

Subjunctive posted:

You get an asset, under colour of law. Maybe not priced the way you or I would value it, maybe not liquid long term, but that’s the case for art too, and for equity especially for private companies. (There’s actually better work being done for pricing art than tokens or private shares, mind you.)

E: private shares are more likely to go to zero than even hold their value, historically

Sirotan posted:

Football chat: a lot of the prestige programs might not rake in the cash with ticket sales or bowl game appearances, but will do it with licensing and apparel: https://www.freep.com/story/sports/college/university-michigan/wolverines/2016/04/26/michigan-nike-contract/83533954/ (no, it's not that Freep)

Looking up a link for this I found OSU signed an even bigger Nike deal of $252mil over 15 years, holy lmao


Another BWM football-related disaster near me is the empty and decaying carcass of the Pontiac Silverdome, former home of the Lions, which is being exploded tomorrow at 8:30am EST. It cost $248mil in 2017 dollars to build, and was essentially abandoned in 2006, only to briefly reopen in 2010 after someone bought it from the city for ~$600,000. And because no story about Detroit is complete without corruption:


For added hilarity, the ~120 acres of parking lots at the Silverdome are currently being used as a graveyard for VW diesel vehicles from the recall.


Here's a link if you want to see it go boom tomorrow: https://www.clickondetroit.com/news/pontiac-silverdome-demolition-begins-sunday-how-to-watch-parking-what-to-know

John Smith posted:

Simple. According to the posted articles, these White clients pay their lawyers the full cash fees whereas these Black clients don't.

Oil! posted:

I clicked the link and found that the most Detroit thing happened. It didn't implode.

https://www.clickondetroit.com/news/video-pontiac-silverdome-demolition-begins-with-failed-partial-implosion

Oil! posted:

I clicked the link and found that the most Detroit thing happened. It didn't implode.

https://www.clickondetroit.com/news/video-pontiac-silverdome-demolition-begins-with-failed-partial-implosion

blackmet posted:

Last reply before I place you on ignore forever...

blackmet posted:

Whether the BK lawyer wants to be paid before or after the bankruptcy means nothing in regards to your work ethic

John Smith posted:

Right... can't be because these White people got their poo poo together better than these Black people. It must be because of pure discrimination without a single bit of personal diligence coming into play.

H110Hawk posted:

Friends of ours just bought into the Disney timeshare program.

Droo posted:

A friend of mind spent an hour on Friday night asking me about how to buy "Bitcom". At first I thought she was just curious because of the hype lately but after awhile I realized she was trying to get actual instructions so she could buy some.

Step 1: learn the correct name of the thing you want to buy....

I Like Jell-O posted:

Something similar came up for me at work the other day, although my coworkers could at least name the product they were buying. I'm the wet blanket for not thinking that Bitcoin is a good investment, despite having by far the best understanding of what it is and how it works. They're buying an asset they don't understand, from people they shouldn't trust, for a price they can't explain.

On the other hand, another coworker remembered that he got a 5 Bitcoin sign up bonus for joining a website or something years ago. He just has to try and remember where he put it. I'm rooting for him.

Jacob Hugart, St. Paul, Minn. with 5 kids posted:

"Have two incomes, and one is essentially dedicated to daycare, or have one income and a stay-at-home parent."

"The ones where both parents are working seem to be doing fairly well," he says. "They will remodel a kitchen. They have multiple cars. The ones who are trying to do the one-parent thing — there's a stretch. They're like us."

Hugart says he makes enough to meet his family's day-to-day needs, but bigger and unexpected expenses are a squeeze — such as his son's college funds or, Hugart says, a recent roof repair: "We ended up cashing out an IRA in order to pay for that because the other alternative was to put it on a credit card."

quote:

this is my first time posting on personal finance so please be kind as i am in a panic! last night my girlfriend called me at 2 am saying her orange tabby cat (3) years old was wincing and couldn't walk. long story short, after spending time googling symptoms she decided it was worth a trip to an emergency vet. that cat will be needing surgery in order to live and they required a 1300 deposit, all in all this will cost close to +5,000$ when its said and done. we both make 45,000 a year and have about 30,000 dollars in debt each. with our current spending habits we can only save 400$ a moth. our combined Emergency funds are going to be cleared out to cover this. what resources/tactics/questions/actions do i need to look into to mitigate this expense? are we just screwed? any and all advice will be greatly appreciated!

EDIT: this cat is literally her best friend and "taking it to a farm up north" is not an option

quote:

So, I am extremely upside down on a car, about 10k to be precise, Car is worth about 6k and my loan is at 16k. I need ideas on how to get out of this (illegal or legal). Please do not answer this with "just pay off the loan" i have heard it a million times before and thats not the answer i want i am not financially stable enough to pay it off anytime soon and the car in unreliable keeping it is absolutely not an option. I am about to just trade it in and take the negative equity but i know someone on here has to have a better idea. Like i said open to any suggestions

quote:

it is a 2004 honda S2000, problem is it has a salvage title

quote:

117k miles

Motronic posted:

These are tough as someone who loves animals, but......but......

HELP! my girlfriends cat was taken to the emergency room last night! and its going to wipe us out.

NancyPants posted:

What Living on $100,000 a Year Looks Like


I had some sympathy for the woman with the medical bills because I know firsthand how they can overwhelm even amazing finances, but then it was "sometimes we have to give up our cellphones!" and "me and my husband haven't had Christmas in 10 years!" I don't know if these people are all just horrific or if NPR did them absolutely no favors. The portrayal of almost every single one is that they are in over their heads because they're trying to keep up with the Joneses.

This guy, though, I want to grab him and scream in his face. He's totally missed the point that even if you don't have pile of money to swim in after your needs and (I'm certain) a generous number of your wants are covered, you're still better off than the half the country. Like maybe if you didn't want the focus of your life to be your 5 children, and you wanted new kitchens and cars all the time, don't have 5 kids?

EAT FASTER!!!!!! posted:

God I love behavioral economics. It perfectly explains why this situation arises, and cements how little you can do to talk someone out of this kind of a position.

Endowment effect - MY cat versus EVERY OTHER cat.
Anchoring - tied to the first decision of taking the animal to the hospital.
Ego depletion / decision fatigue - emotional exhaustion taking a toll on ability to make good decisions.
Hyperbolic discounting - a dead cat in a year wouldn't be traded for $5,000.
Loss aversion - these people wouldn't pay $5,000 for a cat, despite the fact that in 3 years the cat would be just as close to them as this one.
Opportunity choice neglect - especially financial freedom and security.
Status quo bias - this woman is unrealistically committed to the timeline in which her cat remains living.
Tunneling - in an emergency, people can ONLY think about the emergency.

EAT FASTER!!!!!! posted:

God I love behavioral economics. It perfectly explains why this situation arises, and cements how little you can do to talk someone out of this kind of a position.

Endowment effect - MY cat versus EVERY OTHER cat.
Anchoring - tied to the first decision of taking the animal to the hospital.
Ego depletion / decision fatigue - emotional exhaustion taking a toll on ability to make good decisions.
Hyperbolic discounting - a dead cat in a year wouldn't be traded for $5,000.
Loss aversion - these people wouldn't pay $5,000 for a cat, despite the fact that in 3 years the cat would be just as close to them as this one.
Opportunity choice neglect - especially financial freedom and security.
Status quo bias - this woman is unrealistically committed to the timeline in which her cat remains living.
Tunneling - in an emergency, people can ONLY think about the emergency.

Papa John Misty posted:

Autism - posting that

22 Eargesplitten posted:

Beep boop lives you are attached to can be converted to dollar amounts what is this e-mo-tion you speak of?

(Ask me about my dog's $1,000 piece of bread dough)

EAT FASTER!!!!!! posted:

I'm not an econ nor do I make most of my decisions like it but I think it's a really useful exercise to think about the pitfalls inherent in this kind of decision making!

https://www.reddit.com/r/personalfinance/comments/7hcgp2/help_my_girlfriends_cat_was_taken_to_the/ posted:

NUMBERS BROKEN DOWN:

My monthly take home- 2200

monthly groceries- 250

gym membership- 60 /split between us

rent- 1000/ split between us

utilities- 150/ split between us (gas/electricity)

student loans- 200 a month

car payment- 230 a month

gas- 75 a month

credit card- 375 a month (covers random living expenses)

22 Eargesplitten posted:

(Ask me about my dog's $1,000 piece of bread dough)

EAT FASTER!!!!!! posted:

I'm not an econ nor do I make most of my decisions like it but I think it's a really useful exercise to think about the pitfalls inherent in this kind of decision making!


For our dog it was $1,500 jellybeans.

EAT FASTER!!!!!! posted:

God I love behavioral economics. It perfectly explains why this situation arises, and cements how little you can do to talk someone out of this kind of a position.

Endowment effect - MY cat versus EVERY OTHER cat.
Anchoring - tied to the first decision of taking the animal to the hospital.
Ego depletion / decision fatigue - emotional exhaustion taking a toll on ability to make good decisions.
Hyperbolic discounting - a dead cat in a year wouldn't be traded for $5,000.
Loss aversion - these people wouldn't pay $5,000 for a cat, despite the fact that in 3 years the cat would be just as close to them as this one.
Opportunity choice neglect - especially financial freedom and security.
Status quo bias - this woman is unrealistically committed to the timeline in which her cat remains living.
Tunneling - in an emergency, people can ONLY think about the emergency.

Vox Nihili posted:

Endowment effect: certain inferior humans experience emotions such as love and/or affection.