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Solice Kirsk posted:Not all 6 figure jobs require knowledge past what you're doing. I know plenty of tradesmen that earn 6 figures and still blow all of it on trucks, four-wheelers, fishing boats, old cars they plan on fixing up but never do, a new barn to put all the project cars, etc. They'll have like $500 in their checking account and $40k in credit card debt making minimum payments because almost every cent of their $4k bi monthly check goes to interest on already purchased poo poo. This. While I have some coworkers that are frugal, I definitely see plenty of new luxury cars in the parking lot. One guy got hired at 19, did some juju to have no witholding on his taxes after a year and some time later bought a Jaguar  . He boasted to me about sticking it to the dealer who asked about financing by dumping a backpack full of $40,000 cash on the guy's desk triumphantly. We also have a few co workers that basically have to work 6-7 days/week and work their vacations in order to keep up with mortgage payments/child support/horse fees or whatever. One guy has 7(!) kids from 3 different moms and doesn't have custody of any of them, which is not surprising considering that he basically has to work himself to death just to keep up with all the support payments/alimony/mortgages.
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Dec 14, 2017 03:49
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Doc Hawkins posted:DesolateRampage said they work with healthcare accounts, so I assume it's someone saying their horsefun is therapeutic. That's definitely a thing for a lot of kids with developmental disabilities.
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Dec 14, 2017 03:50
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Doc Hawkins posted:DesolateRampage said they work with healthcare accounts, so I assume it's someone saying their horsefun is therapeutic. If a presidential candidate can get away with claiming a 77,000 tax deduction because a dancing horse helps with multiple sclerosis, then you can probably pay for horse camp with HSA money if the word "therapeutic" shows up anywhere in the brochure.
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Dec 14, 2017 04:33
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I think paying for horse camp with HSA money counts as BWM anyway. With the tax advantages of an HSA, shouldn’t you use it to save (if possible) for inevitable healthcare expenses later in life?
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Dec 14, 2017 04:54
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How much of a tax writeoff did Pick get for her Therapy Horse? Because with everything else I heard about her parents, there's no way they agreed to something like that without having it benefit them financially in some way.
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Dec 14, 2017 05:09
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Panfilo posted:One guy has 7(!) kids from 3 different moms and doesn't have custody of any of them, which is not surprising considering that he basically has to work himself to death just to keep up with all the support payments/alimony/mortgages. This man is a total slut. Imagine what people would say about a woman with that many kids from different fathers.
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Dec 14, 2017 05:16
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therobit posted:This man is a total slut. Imagine what people would say about a woman with that many kids from different fathers. My brother coined the term Shasta County Virgin which refers to a woman who only had one child by the time she was sixteen. While in other areas guys worry about finding childless women over thirty, in NorCal guys worry about finding childless women old enough to drink.
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Dec 14, 2017 05:20
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therobit posted:This man is a total slut. Imagine what people would say about a woman with that many kids from different fathers. Two more and he can field a baseball team!
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Dec 14, 2017 05:21
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therobit posted:This man is a total slut. Imagine what people would say about a woman with that many kids from different fathers. Nothing at all, because you don't want to open that  on this forum.
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Dec 14, 2017 07:27
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I propose a moratorium on buttcoin/craptocurrency-related posts since that poo poo is bleeding into every single thread I have bookmarked. There are dedicated threads for that poo poo already—can we just accept that it's inherently BWM and leave the discussion of it to the other threads?
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Dec 14, 2017 08:48
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Weatherman posted:I propose a moratorium on buttcoin/craptocurrency-related posts since that poo poo is bleeding into every single thread I have bookmarked. There are dedicated threads for that poo poo already—can we just accept that it's inherently BWM and leave the discussion of it to the other threads? As long as we can keep the stories of people who have mortgaged their livers to buy bitcoin and are now under threat of having their organs repoed.
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Dec 14, 2017 09:27
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Doc Hawkins posted:DesolateRampage said they work with healthcare accounts, so I assume it's someone saying their horsefun is therapeutic. As much as this thread likes to poo poo on horses, equine therapy is legit and can be hugely helpful for children/adults with disabilities and to children from really troubled backgrounds or dealing with trauma. Horses aren't inherently the fragile lunatics this thread likes to joke about, and for someone with serious disabilities, being able to care for and ride a large, gentle animal really helps develop a sense of agency along with a lot of other mental and physical skills. For kids with physical and developmental disabilities, it's a gentle but engaging way to practice motor skills or do rehab work. It's hard to explain to a disabled kid that they have to do a bunch of weird and painful things for reasons that don't make sense to them, but much easier to get them to brush a horse or sit in a saddle. For kids who spend a lot of time in a hospital or care situation with little to no ability to control what's happening to them or assert themselves, it's a really good tool. For kids dealing with serious trauma or coming from really rough backgrounds, it's a big deal to be able to work with this huge powerful animal way bigger and stronger than you are and to take charge of its care in a way that rewards your effort and attention. 
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Dec 14, 2017 09:53
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I'd be interested to hear if there are scientific studies published in reputable peer-reviewed journals showing a long-term benefit for equine therapy.
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Dec 14, 2017 10:15
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This thread loves beating dead Freckles, but not everything related to horses is BWM or woo-woo bullshit. http://journals.lww.com/jnpt/Abstract/2007/06000/Effects_of_Hippotherapy_on_Postural_Stability,_in.7.aspx http://onlinelibrary.wiley.com/doi/10.1017/S0012162207000175.x/full http://onlinelibrary.wiley.com/doi/10.1111/j.1469-8749.1998.tb12344.x/full https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4017275/ https://www.ncbi.nlm.nih.gov/pubmed/26088658 https://www.ncbi.nlm.nih.gov/pubmed/25269512 
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Dec 14, 2017 11:20
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GamingHyena posted:Looking at the report, probably a mixture of being unbanked, the historical fallout of decades of redlining, and the resulting lack of wealth from compounding returns that whites enjoy. I'd blame it mostly on generational lack of home ownership. The Boston housing market is completely insane. I was looking at a job as an engineering supervisor there until I looked at the rental and purchase costs of housing. I would have needed room mates. As an engineering supervisor. You need to already own a house in the area to not be poor.
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Dec 14, 2017 15:16
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A key problem with Boston is that even if you actually manage to fix your racism, the effects of it linger for generations. The fact that white people had an advantage in the past means that more of those families are likely to own homes or have accrued wealth, which gets passed on to the next generation in terms of resources and opportunities. Spoiler: Boston has not actually fixed its racism, so we're not even at the point of just dealing with after effects. A lot of they money and growth that has come into Boston is also flowing to very specific areas and fields. A lot of the Boston-area growth is in hospitals, universities, biotech, and finance. That doesn't really help the people who have lost out on manufacturing jobs that used to exist in the city and area, and disproportinately benefit people who can manage to get a MS/PhD in the necessary field. The housing market here is also insane. You are competing against all the people glutted on the money from the above industries for purchasing, and against all the students looking to part out a place for renting. It's not the worst in the country, but it compounds the city's problems. 
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Dec 14, 2017 16:13
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therobit posted:This man is a total slut. Imagine what people would say about a woman with that many kids from different fathers.
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Dec 14, 2017 16:19
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The headline number of $8 is certainly shocking in Boston but the median net worth of black households in United States as a whole is also approximately $0, approximately meaning less than a years take home minimum wage and substantially less than necessary to have resilience against personal, employment, medical, or other hardship
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Dec 14, 2017 16:21
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Please no one take the bait. It’s really good bait I know but don’t take it!
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Dec 14, 2017 16:24
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BEHOLD: MY CAPE posted:The headline number of $8 is certainly shocking in Boston but the median net worth of black households in United States as a whole is also approximately $0, approximately meaning less than a years take home minimum wage and substantially less than necessary to have resilience against personal, employment, medical, or other hardship Yeah the national number is like eleven grand or something.
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Dec 14, 2017 16:25
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Senor Dog posted:Please no one take the bait. It’s really good bait I know but don’t take it!
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Dec 14, 2017 16:31
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Senor Dog posted:Please no one take the bait. It’s really good bait I know but don’t take it! I think we can all agree that there’s probably only one thing on this earth that John Smith is good at, and that’s being a master baiter.
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Dec 14, 2017 17:10
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22 Eargesplitten posted:I think we can all agree that there’s probably only one thing on this earth that John Smith is good at, and that’s being a master baiter. But why should people get away with far-left or left nonsense without being challenged? I would argue that I am the sensible fellow here, since I know myself for the far-right person I am. I own who I am. Rather than being in denial, as many of you are. therobit posted:This man is a total slut. Imagine what people would say about a woman with that many kids from different fathers.
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Dec 14, 2017 17:41
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quote:But why should people get away with far-left or left nonsense without being challenged? I would argue This isn't D&D, shut up https://www.reddit.com/r/personalfinance/comments/7jlrhb/keep_maxing_out_my_credit_cards_and_need_a_higher/ posted:Keep maxing out my credit cards and need a higher limit. Advice? Yeah a flipping business using credit cards, that won't explode spectacularly.
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Dec 14, 2017 19:15
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https://www.reddit.com/r/personalfinance/comments/7jolwm/what_should_we_do_boyfriend_is_in_debt_and_way/ posted:What should we do? Boyfriend is in debt and way overextending us. I'm sure the boyfriend was on board with her helping to assume his debts.
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Dec 14, 2017 19:30
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Inept posted:This isn't D&D, shut up Didn't the housing bubble finally burst in Ontario too? I guess it depends which part of Ontario though.
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Dec 14, 2017 19:30
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Inept posted:I'm sure the boyfriend was on board with her helping to assume his debts. Guy's not even that bad off by BWM standards. If he can sell the cottage, he's basically debt free, and probably splitting a very low mortgage payment with the girlfriend. Sell the 4 wheeler (I'm assuming he "needs" the boat because he lives in an area where people do a lot of boating things, or obviously he could get rid of that too) and restrain himself from buying expensive toys and he'll be set to start saving for the future. quote:our ultimate goal is to have another child ...and nevermind. Elysium fucked around with this message at 19:44 on Dec 14, 2017 |
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Dec 14, 2017 19:39
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Elysium posted:Guy's not even that bad off by BWM standards. If he can sell the cottage, he's basically debt free, and probably splitting a very low mortgage payment with the girlfriend. Sell the 4 wheeler (I'm assuming he "needs" the boat because he lives in an area where people do a lot of boating things, or obviously he could get rid of that too) and restrain himself from buying expensive toys and he'll be set to start saving for the future. In the comments she said they used the boat 5 times this year. If he can't resist buying a boat with a credit card, I doubt he's going to curb his toy habit. Selling the cottage will bail him out, but if they hadn't moved in together, this guy would be much worse off. Best case, he takes out a home equity loan to pay off his boat.
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Dec 14, 2017 19:45
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John Smith posted:Don't respond then. That is entirely acceptable. Why must you make my job harder? Post about BWM
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Dec 14, 2017 19:46
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Weatherman posted:I propose a moratorium on buttcoin/craptocurrency-related posts since that poo poo is bleeding into every single thread I have bookmarked. There are dedicated threads for that poo poo already—can we just accept that it's inherently BWM and leave the discussion of it to the other threads? I'm on board with this if everyone else is. We already have an alt-coin thread. It's fine to post about people mortgaging their houses to buy bitcoin or other fuckwittery, but leave the nuts and bolts discussion to the other thread.
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Dec 14, 2017 19:48
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I find the whole idea that boys need toys to be insulting. Yes, I'm the spoilsport who doesn't see the point of a jetski. Also mancaves are stupid. Just call it an office or den.
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Dec 14, 2017 19:51
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Moneyball posted:Why must you make my job harder? Post about BWM He's been probated in various versions of the BWM thread about 10 times now. He's not going to stop. https://www.reddit.com/r/personalfinance/comments/7jnp7n/can_i_write_off_my_movie_passmovie_tickets_as_an/ posted:Can I write off my movie pass/movie tickets as an expense if I work for a film company? Help, can I commit tax fraud to save $37???
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Dec 14, 2017 19:54
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Krispy Wafer posted:I find the whole idea that boys need toys to be insulting. I picture "dens" to be covered in wood paneling with a big fire place, highback leather chairs, a decanter of brandy on a small table, a constantly burning cigar, and an Irish Wolfhound to pet. A man cave I picture a collection of 90's video game systems plugged into the family's old 42" plasma tv with the browsing guide burned into it and empty Miller Lite cans strewn around a stained futon.
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Dec 14, 2017 19:58
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Krispy Wafer posted:I find the whole idea that boys need toys to be insulting. Or a budhole. Want to see my budhole?
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Dec 14, 2017 19:59
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Clearly it's called a study, you uncultured swine.
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Dec 14, 2017 20:02
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Solice Kirsk posted:I picture "dens" to be covered in wood paneling with a big fire place, highback leather chairs, a decanter of brandy on a small table, a constantly burning cigar, and an Irish Wolfhound to pet. My grandparents had a room they called a den, so I would have to call it my study.
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Dec 14, 2017 20:07
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Moneyball posted:I'm on board with this if everyone else is. We already have an alt-coin thread. It's fine to post about people mortgaging their houses to buy bitcoin or other fuckwittery, but leave the nuts and bolts discussion to the other thread.
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Dec 14, 2017 20:10
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Inept posted:I'm sure the boyfriend was on board with her helping to assume his debts. The only thing I take issue with is using a credit card instead of secured financing for his boat. He paid off his 4 wheeler, the car and educational debt are well within normal bounds, and the lake house is cheap and will probably continue to appreciate. If he can afford to service the debt, which it sounds like he can since he just paid off the atv, he is gonna be fine. Just because some goons would rather sabe or party with whatever extra income they have does not mean he is bad with money for buying a couple toys. Also, 10% isn't THAT much worse than normal toy loan financing, especially if it is an older boat that might not finance.
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Dec 14, 2017 20:11
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therobit posted:Also, 10% isn't THAT much worse than normal toy loan financing, especially if it is an older boat that might not finance. Seriously, 10% is a great rate. Best I can get on an unsecured loan right now is north of 12%, and that's with excellent credit.
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Dec 14, 2017 20:15
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therobit posted:The only thing I take issue with is using a credit card instead of secured financing for his boat. He paid off his 4 wheeler, the car and educational debt are well within normal bounds, and the lake house is cheap and will probably continue to appreciate. If he can afford to service the debt, which it sounds like he can since he just paid off the atv, he is gonna be fine. Just because some goons would rather sabe or party with whatever extra income they have does not mean he is bad with money for buying a couple toys. She says in the comments that he can't afford to service the things he has. quote:The reason he wants to sell the house is because he is overwhelmed with bills each month and our ultimate goal is to have another child and build our own house together. Daycare cost $1k a month and right now there is absolutely no way we could afford that with the $600 mortgage, $100 minimum boat payment, $200 truck payment, and $350 a month in student loans. His 401k is turned off and he doesn’t have a savings.
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Dec 14, 2017 20:38
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