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Krispy Wafer posted:The doctor theory is good. Never take investment advice from a doctor and never get into a small plane with one either. *gets into a plane with a dermatologist* "Let me tell you about a terrific investment opportunity! Ever hear of aircraft timeshares?"
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Dec 23, 2017 04:56
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Well at least you'll have a sudden death to look forward to when he crashes it.
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Dec 23, 2017 05:06
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BigDave posted:*gets into a plane with a dermatologist* Excuse me, I believe the current preferred nomenclature is Fractional Ownership
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Dec 23, 2017 05:59
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r/antiMLM caught a 23yo It Works! cultist who claims to earn $6k/month ("in a few months") begging for cash for her wedding on GoFundMe
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Dec 23, 2017 07:14
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BigDave posted:*gets into a plane with a dermatologist* I know a dermatologist who makes $600k a year and destroyed a brand new Camry by driving it from austin to houston in 2nd gear at 6500rpm the whole way
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Dec 23, 2017 07:20
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C.H.O.M.E posted:I know a dermatologist who makes $600k a year and destroyed a brand new Camry by driving it from austin to houston in 2nd gear at 6500rpm the whole way I'm surprised that a Toyota engine that routinely goes for 200,000 or more miles with nothing more than routine maintenance could be destroyed by two hours of moderately high RPM operation
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Dec 23, 2017 12:55
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BEHOLD: MY CAPE posted:I'm surprised that a Toyota engine that routinely goes for 200,000 or more miles with nothing more than routine maintenance could be destroyed by two hours of moderately high RPM operation I'm more surprised at the manual transmission in that Camry.
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Dec 23, 2017 13:07
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I’m surprised a dermatologist would drive something so pedestrian.
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Dec 23, 2017 13:12
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VideoTapir posted:I'm more surprised at the manual transmission in that Camry. Probably a "sport" automatic with paddles and a manual gear selector rather than an actual manual
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Dec 23, 2017 14:01
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VideoTapir posted:I'm more surprised at the manual transmission in that Camry. A lot of cars have shiftronic transmissions where you can manually shift gears. My mother-in-law drove my car in 2nd gear all the way to the fabric store after she inadvertently switched to manual mode. That shouldn't damage an engine though, as it uses a governor to limit RPM's. So maybe he really did have a Camry with a standard transmission. You really feel the visceral thrill of driving that untamed beast of a Japanese mid-sized car when you switch to the manual gear box. hailthefish posted:Well at least you'll have a sudden death to look forward to when he crashes it. Yeah, that was the point. Doctors are great at medicine, but they suck at risk management. That extends to investing and piloting small deathtraps.
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Dec 23, 2017 14:03
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I've said it before and I'll say it again, doctors and engineers are hands down the worst people to work with for investing. loving day traders are easier to convince that you have a depth of knowledge about certain investment strategies that they don't, but a doctor or engineer? No way. They know everything about everything. And then they'll stick 80% of their retirement account account into one biomed company whose rep told them "we're super close to this cancer cure."
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Dec 23, 2017 14:35
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Krispy Wafer posted:Yeah, that was the point. Doctors are great at medicine, but they suck at risk management. That extends to investing and piloting small deathtraps. I was more getting at death being a pleasant escape.
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Dec 23, 2017 14:50
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Pekinduck posted:That looks like its some sort of debit card they put your paycheck on like wal-mart. I bet that thing has all the hidden fees. I'm IT for a call center, and a lot of agents cannot get a bank account so they get money cards like this. Their cards aren't bad IF you are getting your check deposited to them. No monthly fees and no ATM charges if you use a free ATM. I think they even come with some sort of check. The fees get nasty when I (or anyone not an agent) get reimbursed for something and they drop it on the money card that I don't use. If I buy a $20 tool, I'll get hit with a $5 monthly maintenance fee the second the money drops in (if it's my first for the month of course), if I try to use an ATM the card charges $3 on top of the ATM fee. Or I can pay $3 to transfer to my real bank. I might get $12 back for my $20 tool. I bet the MLM card has the same sort of minimum and someone at the top of that pyramid is getting a kickback from the card company. "If you sold more, you'd be a preferred member and wouldn't have those fees!"
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Dec 23, 2017 16:45
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Slate Slabrock posted:I'm IT for a call center, and a lot of agents cannot get a bank account so they get money cards like this. Their cards aren't bad IF you are getting your check deposited to them. No monthly fees and no ATM charges if you use a free ATM. I think they even come with some sort of check. Why can't they get an account? Are they undocumented immigrants? Or are you (and they) not in America and banks have weird rules on getting an account?
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Dec 23, 2017 17:18
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Some call centers use prisoners. Maybe he works for a prison call center.
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Dec 23, 2017 17:50
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taiyoko posted:Why can't they get an account? Are they undocumented immigrants? Or are you (and they) not in America and banks have weird rules on getting an account? Poverty and/or living in a bank desert: https://publicpolicy.wharton.upenn.edu/live/news/1895-financial-exclusion-why-it-is-more-expensive-to-be/for-students/blog/news.php quote:For example, based on overall percentage of unbanked households, many of the top 100 unbanked places (cities, towns, or census designated places with more than 250 households) are small rural towns, of which 36 are in Texas, 17 in Mississippi, and 10 in Arizona [3]. Of large cities with more than 100,000 households, however, Miami was ranked first with 20.1 percent unbanked and 21.4 percent underbanked, followed by Detroit, Cleveland, Dallas, Houston, and Baltimore.
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Dec 23, 2017 17:53
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Slate Slabrock posted:The fees get nasty when I (or anyone not an agent) get reimbursed for something and they drop it on the money card that I don't use. If I buy a $20 tool, I'll get hit with a $5 monthly maintenance fee the second the money drops in (if it's my first for the month of course), if I try to use an ATM the card charges $3 on top of the ATM fee. Or I can pay $3 to transfer to my real bank. I might get $12 back for my $20 tool.
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Dec 23, 2017 17:56
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Slate Slabrock posted:I'm IT for a call center, and a lot of agents cannot get a bank account so they get money cards like this. Their cards aren't bad IF you are getting your check deposited to them. No monthly fees and no ATM charges if you use a free ATM. I think they even come with some sort of check. It is really dumb that they are insisting on giving you reimbursements on a payment card instead of by check or direct deposit. You should look in to getting them to change that. In most states they are not allowed to REQUIRE direct deposit and must offer check as an option, although there are probably 20 or so states out there that are dumb and let them require it. For the people who "can't get a bank account" it probably is better for them in the long run even if they pay anywhere from $5-$20 per month because of the overdraft fees they would be racking up. A lot of them COULD get another account (unless there committed fraud or something), but they would have to go to a bank that opens "second chance" accounts for people with a ChexSystems record.
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Dec 23, 2017 17:58
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When I was still working in bank branches, we actually had a 3rd party account called Skylight that would allow for people who had a record for fraud to open it, but it had a lot of restrictions and was like 20 or 25 bucks a month in base fee plus fees for each transaction. If you have committed check fraud though I really don't have a lot of sympathy.
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Dec 23, 2017 18:01
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Splicer posted:Where do you live that this is legal rather than them just adding it to your paycheck? Most states. Some places have even phased out direct deposit for those money cards, and they're fee rich so they employers actually make money off of them. http://www.nytimes.com/2013/07/01/business/as-pay-cards-replace-paychecks-bank-fees-hurt-workers.html
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Dec 23, 2017 18:03
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Saint Peter don’t you call me, ‘cause I can’t go, I owe my soul to the company Visa.
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Dec 23, 2017 19:34
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potee posted:Poverty and/or living in a bank desert: An actual real answer is that they overdrafted an account at another bank and are flagged, or there are garnishments and any amount of money that shows up at a real bank will be swept away.
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Dec 23, 2017 19:45
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That's certainly part of it, but I think a lot of it does have to do with not understanding how paying a $12 fee per month is cheaper than having a "free" account that charges you $2 for every transaction.
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Dec 23, 2017 19:55
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Katt posted:
xpost but 
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Dec 23, 2017 19:57
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Solice Kirsk posted:That's certainly part of it, but I think a lot of it does have to do with not understanding how paying a $12 fee per month is cheaper than having a "free" account that charges you $2 for every transaction. Free is less then $12 duh.
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Dec 23, 2017 20:13
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taiyoko posted:Why can't they get an account? Are they undocumented immigrants? Or are you (and they) not in America and banks have weird rules on getting an account? Probably Chexsystems or something like it. If you crater a bank account, say through overdraft cascades or getting stuck in a payday lending cycle, they can shut down your account and put you on a list that effectively prevents you from opening another account anywhere that uses their reporting system until you make good. I understand it's gotten less draconian with recent banking law changes, but during the late 90s/early 2000s it was really not that difficult for a poor person to become effectively unbankable.
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Dec 23, 2017 20:27
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Harry posted:An actual real answer is that they overdrafted an account at another bank and are flagged, or there are garnishments and any amount of money that shows up at a real bank will be swept away. kazmeyer posted:Probably Chexsystems or something like it. If you crater a bank account, say through overdraft cascades or getting stuck in a payday lending cycle, they can shut down your account and put you on a list that effectively prevents you from opening another account anywhere that uses their reporting system until you make good. I understand it's gotten less draconian with recent banking law changes, but during the late 90s/early 2000s it was really not that difficult for a poor person to become effectively unbankable. These are usually the reasons, a lot of workers at my mom's factory are the same way. They can opt for paper checks but the money cards are usually better than going to a check cashing/cash advance kind of place, but not by much.
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Dec 23, 2017 20:30
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Pretty sick of you guys rippin doctors in this thread. Also I super want a plane but I'm never going to buy one because I know I'd kill myself and everyone I love 
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Dec 23, 2017 20:32
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EAT FASTER!!!!!! posted:Pretty sick of you guys rippin doctors in this thread. It's just that large figures and BWM exacerbates the laughs
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Dec 23, 2017 20:34
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EAT FASTER!!!!!! posted:Pretty sick of you guys rippin doctors in this thread. Get a plane, hire me to fly you around. Buying freedom and safety is GWM.
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Dec 23, 2017 20:41
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The "alternative financial services" (check cashing, prepaid debit cards, etc.) for the unbanked are astoundingly BWM. I studied them a bit in college I might post more about it if anyone's interested.
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Dec 23, 2017 20:42
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EAT FASTER!!!!!! posted:Pretty sick of you guys rippin doctors in this thread. Get an ultralight. What can go wrong with an ultralight?  At least when all is said and done you can't fit lots of family in an ultralight and your estate won't be out the cost of an expensive Cessna
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Dec 23, 2017 20:43
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Pekinduck posted:The "alternative financial services" (check cashing, prepaid debit cards, etc.) for the unbanked are astoundingly BWM. Do it. We have a lot of folks knowledge but I haven't seen a detailed analysis of exactly how terrible they are. There are probably some undiscovered laffs to mine there.
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Dec 23, 2017 21:00
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Pekinduck posted:The "alternative financial services" (check cashing, prepaid debit cards, etc.) for the unbanked are astoundingly BWM. They’re horribly exploitative but I don’t know that I’d consider them BWM if you literally have no alternatives (because your parents tanked your credit score or you overdrafted too often or whatever). (I would still be interested in hearing more.)
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Dec 23, 2017 21:10
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Krispy Wafer posted:Get an ultralight. What can go wrong with an ultralight? That wasn't an ultralight. Ultralights aren't registered and you don't need a pilot's license. Denver died flying a Long EZ. It's a kit plane, but it's not an ultralight.
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Dec 23, 2017 21:18
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Colin Mockery posted:They’re horribly exploitative but I don’t know that I’d consider them BWM if you literally have no alternatives (because your parents tanked your credit score or you overdrafted too often or whatever). Parents tanking their kid's credit is something I have to deal with every once in a blue moon and the stories I hear are always so sad. Not that I can do anything about it, but having a poo poo parent can really gently caress everything about your life up for a very long time.
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Dec 23, 2017 21:41
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EAT FASTER!!!!!! posted:Pretty sick of you guys rippin doctors in this thread. Still got that humblebrag touch.
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Dec 23, 2017 21:43
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Phanatic posted:That wasn't an ultralight. Ultralights aren't registered and you don't need a pilot's license. Denver died flying a Long EZ. It's a kit plane, but it's not an ultralight. Well, it looks cool.  But death traps usually do. My Google image search pulled up some versions equipped with a jet turbine. In case you wanted to die, but like...quickly.
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Dec 23, 2017 21:49
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The lightest aircraft is a paragliding wing. It's also the cheapest and safest!
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Dec 23, 2017 21:56
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There are well over 1000 Long EZs out there, it's generally regarded as a safe and forgiving plane to fly.What killed Denver was (as fatal accidents usually are), a combination of several factors: 1. The guy who built this particular plane stuck the fuel gauge and the fuel tank selector switch behind the pilot. So the pilot can't see the gauge himself, without waving a mirror around in the cockpit. Also, he can't turn the switch without contorting around and reaching behind himself. And when he does this, his foot pushes against one of the rudder pedals. 2. He'd been told the plane was low on fuel but for whatever reason he didn't bother fueling. 3. While he was an experienced pilot with 2700 hours and ratings for a wide variety of planes including multi-engine, seaplanes, gliders, and Learjets, this was a very new aircraft for him and he only had a couple of check flights in it. And if you think that looks cool (and I agree): https://www.google.com/search?q=rut...iw=1353&bih=878 There are definitely personality types for whom purchasing a small plane isn't so much BWM as it is an overly-elaborate suicide plan. But I don't think Denver was one of those. Incidentally, his father was a supersonic nuclear bomber pilot who set several world speed records in a B-5B.
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Dec 23, 2017 22:09
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