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that is a good thread title
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May 7, 2018 15:29
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Bad With Money Thread: is it fraud when
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May 7, 2018 15:57
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https://www.reddit.com/r/personalfinance/comments/8hok64/i_have_300k_in_debt_and_no_real_job_i_am/ posted:
More school in a new country will surely solve this problem
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May 7, 2018 17:03
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OctaviusBeaver posted:Flying sounds like it would be really fun at first but I don't see how "get in small plane, loop around the city a couple times, land" can stay interesting for more than a week or two. Guess it depends on where you are. Friend of mine in Phoenix has a Cirrus. Want to go to Vegas, just fly up. Same thing for Santa Fe, San Diego, etc. There can be a lot more to it than just sticking to the airport you took off from.
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May 7, 2018 17:21
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Droo posted:More school in a new country will surely solve this problem I was going to post this one, $300k debt to go through law school and decides he doesn’t want to practice law anyway.
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May 7, 2018 17:24
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tomapot posted:I was going to post this one, $300k debt to go through law school and decides he doesn’t want to practice law anyway. Did he ever practice law for a single day? I got the impression the only bar he ever passed was the one with the Help Wanted sign out front
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May 7, 2018 17:27
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He should probably just stop paying on student loans. As stated it will be almost impossible for him to ever pay them off and it sounds like he is pretty close to judgement proof and probably able to further shield a lot of his income from legal processes by taking home cash tips.
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May 7, 2018 17:33
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Phanatic posted:Guess it depends on where you are. Friend of mine in Phoenix has a Cirrus. Want to go to Vegas, just fly up. Same thing for Santa Fe, San Diego, etc. There can be a lot more to it than just sticking to the airport you took off from. Yeah, I'm currently getting a private pilot's license in Denmark and there are quite a few scenic islands you can fly to just in this country. I'm also member of a flying club that arranges trips to places like Morocco, Ukraine, the Alps, etc.
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May 7, 2018 17:34
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tomapot posted:I was going to post this one, $300k debt to go through law school and decides he doesn’t want to practice law anyway. Sounds like he graduated with bad grades in the trough of the lovely legal market. I hope somebody at some point told him it was probably not a good idea to continue with his education after his first semester grades were presumably bad but who knows. If he passed the bar he could get work doing document review or contract work which although highly menial undoubtedly pays better money than being a barback.
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May 7, 2018 17:36
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BEHOLD: MY CAPE posted:Sounds like he graduated with bad grades in the trough of the lovely legal market. I hope somebody at some point told him it was probably not a good idea to continue with his education after his first semester grades were presumably bad but who knows. If he passed the bar he could get work doing document review or contract work which although highly menial undoubtedly pays better money than being a barback. I don't think he even attempted the Bar, it's possible he didn't even get his J.D. Bar exams also come with fees that he probably can't afford. He could act as a Paralegal, possibly, but with the attitude he's exhibiting now I'm guessing not. Given the level of candor he's already shown I'm also guessing there is a lot more, and worse, to this story. I think he's on the right path - move to another country, get a Masters, rack up the same problems there, then - and here's the trick - move AGAIN and third time's the charm! People say don't run away from your problems because they just come with you but what if he just isn't running far enough?
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May 7, 2018 18:46
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I need a basic tutorial for how to buy stocksquote:I want to get started investing in stocks, but I have no clue how to get started. I already know which companies I want to invest in, and I know how much money I want to invest. But I'm at a loss as to how to literally go about making it happen. I've tried visiting the website for the companies I'm interested in. I've tried doing web searches with keywords that seem relevant, and I'm getting nothing. Is there a phone number I need to call? I'm sure it's different for different companies, but if anyone can point me in the right direction, I'd be so grateful! somebody else posted:https://www.reddit.com/r/personalfinance/wiki/investing OP posted:So I guess that means it's something obvious?
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May 7, 2018 19:14
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Tbf fleeing to a new country every ~4 years means you've got ~500 years until you run out of countries. Plenty of time to get your life on a sound financial footing.
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May 7, 2018 19:15
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Banks being bad with money: When Milky Got His Money: A bank glitch gave a 24-year old, down-on-his-luck Australian man access to unlimited funds. Then he did exactly what you think he did with it. tl;dr: Actual living tellers keep giving this dude unlimited overdrafts and he eventually loses all sense of proportion and ends up taking some $2,180,583 (US$1,671,201). They put him in jail when they finally clue in but he studies the law while imprisoned and then successfully argues his way out of jail because he actually didn't deceive anybody about what he was doing (remember, ACTUAL LIVING HUMANS ON THE PHONE kept approving these overdrafts). The bank gives up on the debt.
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May 7, 2018 20:11
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GoGoGadgetChris posted:Did he ever practice law for a single day? I got the impression the only bar he ever passed was the one with the Help Wanted sign out front OP posted:I did not pass the bar but I can retake it. Thank you I will look into the options you listed quote:This is the problem here. Google "easiest bar to pass". Find the state and move there. Actually, I'll do it for you. https://lawschooli.com/easiest-bar-exam-to-pass-in-the-us/
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May 7, 2018 20:29
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Let’s be honest, South Dakota does sound like the best option out of those three. Probably windy as hell and cold, but better than Wisconsin or Alabama for the living environment. Do you need to pass the bar again for each state you practice in? I know nothing about being a lawyer.
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May 7, 2018 20:39
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22 Eargesplitten posted:Let’s be honest, South Dakota does sound like the best option out of those three. Probably windy as hell and cold, but better than Wisconsin or Alabama for the living environment. Yes.
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May 7, 2018 20:41
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I guess at least after a few years of practicing he might know enough to pass in states people might actually inhabit by choice.
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May 7, 2018 20:44
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22 Eargesplitten posted:Let’s be honest, South Dakota does sound like the best option out of those three. Probably windy as hell and cold, but better than Wisconsin or Alabama for the living environment. South Dakota doesn't have very much going for it. Aside from corporations having headquarters there as a tax dodge, and finance companies issuing credit cards from there because South Dakota doesn't have a limit on consumer interest rates. It's the Deleware of the upper midwest.
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May 7, 2018 20:45
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DominoKitten posted:Banks being bad with money: When Milky Got His Money: A bank glitch gave a 24-year old, down-on-his-luck Australian man access to unlimited funds. Then he did exactly what you think he did with it. Wow, that's some massive incompetence on the bank's part. Can only imagine how much the spent on legal fees, PR, etc. following the incident as well, all, essentially, for nothing.
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May 7, 2018 20:46
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Yes, but it’s got to be less unpleasant than Alabama, and not as dead economy alcoholism-filled as Wisconsin.
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May 7, 2018 20:50
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22 Eargesplitten posted:Yes, but it’s got to be less unpleasant than Alabama, and not as dead economy alcoholism-filled as Wisconsin. Better then Alabama, yes. Better then Wisconsin? Coin toss, depending on where you live.
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May 7, 2018 20:53
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22 Eargesplitten posted:Yes, but it’s got to be less unpleasant than Alabama, and not as dead economy alcoholism-filled as Wisconsin. Lawyers have a tendency towards alcoholism. Wisconsin has the cheapest booze. GWM!
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May 7, 2018 20:54
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22 Eargesplitten posted:Let’s be honest, South Dakota does sound like the best option out of those three. Probably windy as hell and cold, but better than Wisconsin or Alabama for the living environment. Hey! Wisconsin is fine! Low cost of living and Milwaukee and Madison are cool and good.
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May 7, 2018 20:57
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Wisconsin has the highest level of alcoholism out of any state. South Dakota has the Black Hills and Badlands, Wisconsin has... cheap beer and cheese?
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May 7, 2018 21:02
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I didn't realize Wisconsin was so bad to be lumped in with Alabama and South Dakota.
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May 7, 2018 21:07
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apostle islands are technically in Wisconsin, driftless area is good too that dude definitely needs to default
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May 7, 2018 21:08
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Vox Nihili posted:Wow, that's some massive incompetence on the bank's part. Can only imagine how much the spent on legal fees, PR, etc. following the incident as well, all, essentially, for nothing. I was even more shocked to read his wasn't even the only one with that very same bank. Some girl spent north of $4mil using the same trick it reads.
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May 7, 2018 21:30
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22 Eargesplitten posted:Wisconsin has the highest level of alcoholism out of any state. South Dakota has the Black Hills and Badlands, Wisconsin has... cheap beer and cheese?  SquirrelFace posted:Hey! Wisconsin is fine! Low cost of living and Milwaukee and Madison are cool and good. Source: Grew up in a boring Wisconsin suburb hours away from the interesting stuff.
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May 7, 2018 21:42
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22 Eargesplitten posted:Let’s be honest, South Dakota does sound like the best option out of those three. Probably windy as hell and cold, but better than Wisconsin or Alabama for the living environment. "It depends." https://attorneys.uslegal.com/licensing-of-attorneys/reciprocity/
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May 7, 2018 21:43
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22 Eargesplitten posted:Let’s be honest, South Dakota does sound like the best option out of those three. Probably windy as hell and cold, but better than Wisconsin or Alabama for the living environment. He doesn't have to worry about that since he hasn't passed the bar in any state.
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May 7, 2018 21:55
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DominoKitten posted:Banks being bad with money: When Milky Got His Money: A bank glitch gave a 24-year old, down-on-his-luck Australian man access to unlimited funds. Then he did exactly what you think he did with it. This is beauuuutiful. Well worth the read.
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May 7, 2018 23:20
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Let's not forget that Australian banking is so bad there is a Royal Commission into their activities. https://financialservices.royalcommission.gov.au/Pages/default.aspx There is plenty of mortgage fraud including shafting their own clients. Apparently 90% of financial advisers ignored their clients best interests. There's been plenty of cases where retirement funds were selected contrary to instructions and entirely based on the commission the bank employee would received. https://www.theguardian.com/australia-news/2018/apr/16/banking-royal-commission-told-90-of-financial-advisers-ignored-clients-best-interests
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May 7, 2018 23:31
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DominoKitten posted:Banks being bad with money: When Milky Got His Money: A bank glitch gave a 24-year old, down-on-his-luck Australian man access to unlimited funds. Then he did exactly what you think he did with it. holy poo poo quote:Milky needed help with the Maserati. Using his unlimited new bankroll, he bought it on GraysOnline, one of Australia’s biggest auction sites, for around $36,000. The car was silver and had “like, mad cream leather,” as he puts it, and needed to be picked up in Sydney. His Alfa Romeo had been on the fritz lately, so instead of taking a bus for two hours, he thought, gently caress it, I’ll just buy another car to get there: a candy-orange Hyundai Veloster. He's the patron saint of BWM.
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May 8, 2018 00:01
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I’m in awe.
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May 8, 2018 00:46
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Ixian posted:People say don't run away from your problems because they just come with you but what if he just isn't running far enough? 
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May 8, 2018 00:47
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OctaviusBeaver posted:holy poo poo I disagree, because even though he had to spend a little time locked up before he was acquitted he got off scot free with the law and bank in the end. The only BWM part is that he didn't spend more as he even has the balls to say in that story. Morals be damned, I say hats off to that motherfucker.
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May 8, 2018 00:57
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He IRL picked up a "bank error in your favour, collect $2000000" card.
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May 8, 2018 01:15
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His name is Luke Moore. Let him always be remembered in these hallowed posts. God bless you, you crazy bogan bastard.
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May 8, 2018 01:33
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Ixian posted:I disagree, because even though he had to spend a little time locked up before he was acquitted he got off scot free with the law and bank in the end. The only BWM part is that he didn't spend more as he even has the balls to say in that story. Morals be damned, I say hats off to that motherfucker. Only real BWM part is not hiding more out in the outback.
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May 8, 2018 01:42
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Dude also found his calling through this whole ordeal. He's training to become a lawyer. Burned 2 million AUD to find that out. Liable for none. What a striking contrast to that $300,000 USD guy above.
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May 8, 2018 01:56
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