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Obviously the student loan can be solved by Open a business Apply for a small business loan Invest in "training" (your college degree) Have you're broke LLC file bankruptcy Walk away with a degree from Full Sail University Profit???
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Oct 9, 2018 05:58
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Modest Mouse cover band posted:My father in law bought a race horse together with 2-3 others. The horse requires $1,000/mo in maintenance and it hasn't placed better than 6th in a race yet. Is that a lot of money for horse maintenance? Dik Hz posted:Ouch, man. I know my posts are bad, but let's not say things we can't take back. My thing is boring self posts and also getting under the skin of that Mr rogers avatar guy. Your rant about "poor people do overtime like THIS, dooDOOdoo!" doesn't resemble my handiwork, imho, but I'd still be flattered if I were you
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Oct 9, 2018 08:51
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Krispy Wafer posted:Amazon's one of the biggest employers in the country. Their boosting base pay to $15 a hour puts pressure on everyone else competing for workers, so it doesn't have to be THAT much better for Amazon employees to still be a net positive overall. Performance bonuses might have been nice, but in my experience those are unreliable because then your employer is always trying to find ways to work the numbers to minimize incentive pay. At my job we can have a fantastic year, but about a month before bonus time we hear about all the metrics we failed to meet and oh no I guess that means smaller checks. I have only the dreaded anecdotal evidence but around Minneapolis 15 is about the base rate you can expect entry level, plus or minus 50 cents or so
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Oct 9, 2018 12:00
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Dik Hz posted:Ouch, man. I know my posts are bad, but let's not say things we can't take back. It's ok, I would hate people who falsely complain about work times as well, just haven't met any (yet?)
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Oct 9, 2018 12:25
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mandatory lesbian posted:I have only the dreaded anecdotal evidence but around Minneapolis 15 is about the base rate you can expect entry level, plus or minus 50 cents or so That's about average. If you work overnights you can get $16 or $17.
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Oct 9, 2018 12:34
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Less stupid bickering, more dumb people. Extremely high interest rate loans taking over my life, need help now! quote:First off thank you for your time! This person seems to not have a great grasp of how credit and credit ratings work.
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Oct 9, 2018 15:18
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Lockback posted:Less stupid bickering, more dumb people. I think your link is broken, I tried to click it and nothing happened.
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Oct 9, 2018 15:39
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Jack2142 posted:Obviously the student loan can be solved by I'm sure you're joking but this doesn't work because you can't receive a tuition sized small business loan for a business with no assets or income without a personal guarantee. Most people would not default on a personal loan and go into personal bankruptcy to receive a college degree, even if there is no risk of your creditors crying fraud (there is), not really worth it if the whole point of going to college and obtaining a degree is to improve your financial prospects.
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Oct 9, 2018 15:55
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Droo posted:I think your link is broken, I tried to click it and nothing happened. I just assume no link means it's a self post. And we all know how we feel about self posts.
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Oct 9, 2018 15:56
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This guy's whole story is mostly standard BWM and not particularly exciting, but his first sentence is amazing.quote:I'm 23, married, have a kid, live on our own, and my job has been Youtuber/Livestreamer
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Oct 9, 2018 16:07
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quote:I [22 M] made a small lie to my girlfriend [23 F] I decided to roll with it but its now catching up. What do I do? https://www.reddit.com/r/relationships/comments/7by1a8/i_22_m_made_a_small_lie_to_my_girlfriend_23_f_i/ quote:I[28M] finally convinced my paranoid mom[55F] to go into investing. The stock crashed. Should I tell her? https://www.reddit.com/r/relationships/comments/82xhoe/i28m_finally_convinced_my_paranoid_mom55f_to_go/ quote:Me [26 M] convincing my friend [29 M] to spend less recklessly. https://www.reddit.com/r/relationships/comments/76vucv/me_26_m_convincing_my_friend_29_m_to_spend_less/
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Oct 9, 2018 16:22
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Leon Trotsky 2012 posted:This guy's whole story is mostly standard BWM and not particularly exciting, but his first sentence is amazing. One of my former managers was good to work for. She was tough when she needed to be, but understanding. Her son had a touch of the ‘tism and was just starting college. He didn’t do well in his first semester. She told me that since he didn’t do well and he likes playing vidja games, that he’s going to be pursuing a twitch/youtuber career instead of finishing college. I tried explaining to her that it was not a good idea, but she didn’t listen. She’s also obsessed with walking dead and Funko pops. She also told me she was bi and hinted that she had group orgy pics on her phone. I declined to look. She had a great career and was good at her job, but always complained about not having money due to her husband. Hmm, why, I wondered. It turns out that he had a good, boring, white collar job, but got depressed and decided to do a little breaking and entering while armed, but the homeowner was home. Oops. He wasn’t a murderer, though and ran when he was discovered, but the problem was, he knew the woman who’s house he was breaking into. She called the cops and he went to prison. He worked as a transcriptionist when he got out for a little pay, here and there, but not much. I felt bad for her because one day, we were at work and she took a phone call. She started crying and ran out. Her husband had gotten bored and depressed about not being able to get a good job because he was a convicted felon, so he walked into a bank with a fake beard on and robbed the bank. The cops showed up and he got arrested again. Whoops! I quit shortly after that, so I don’t know what’s happened since.
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Oct 9, 2018 18:14
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Leon Trotsky 2012 posted:https://www.reddit.com/r/relationships/comments/7by1a8/i_22_m_made_a_small_lie_to_my_girlfriend_23_f_i/ I dunno, I think lying about buying bitcoin is probably the "Best with Money" way to say you have bitcoin.
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Oct 9, 2018 18:23
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Lockback posted:I dunno, I think lying about buying bitcoin is probably the "Best with Money" way to say you have bitcoin. There's an extra layer of sadness to "I lied about having 14 grand and there's no way for me to ever obtain 14 grand"
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Oct 9, 2018 18:31
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Leon Trotsky 2012 posted:This guy's whole story is mostly standard BWM and not particularly exciting, but his first sentence is amazing. My favorite line is: My only option I had was to pursue a YouTube career.
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Oct 9, 2018 18:31
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Cacafuego posted:One of my former managers was good to work for. She was tough when she needed to be, but understanding. Her son had a touch of the �tism and was just starting college. He didn�t do well in his first semester. She told me that since he didn�t do well and he likes playing vidja games, that he�s going to be pursuing a twitch/youtuber career instead of finishing college. There's free food and housing in prison, sounds like her husband was just being GWM.
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Oct 9, 2018 18:32
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Lockback posted:I dunno, I think lying about buying bitcoin is probably the "Best with Money" way to say you have bitcoin. What's even the problem, just make up a story about how the bitcoin was lost/stolen/hacked. This is extremely plausible.
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Oct 9, 2018 18:36
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Which makes you seem worse? Lying about having $13k or having $13k and losing it?
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Oct 9, 2018 18:56
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Volmarias posted:There's free food and housing in prison, sounds like her husband was just being GWM. All your cost savings get obliterated the moment you buy a Twinkie at the commissary or make a collect call. You get medical, but the 401k match sucks.
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Oct 9, 2018 18:57
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quote:I am a twenty-four year old male, no outstanding debts, and I live in Florida. I am interested in a credit card mostly because I am moving into a new house and will likely need to purchase some additional furniture. Later on down the road I'd like to use it for some of my hobbies too (I.e. cosplay, Lego). I would prefer not to have a credit limit exceeding $1500, as I don't want to lose control of spending and keep interest payments low. EDIT: I'm seeing a lot of folks are putting their annual income in these posts. I make about 21K if my math is right,and I'll be paying a little less than $500/month for my housing costs (rent, utilities, etc). When asked if he keeps a budget for his cosplay: quote:I will definitely look into that! I have a basic rule of not purchasing any piece that exceeds the cost of my rent,and that's worked okay for me in the past.
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Oct 9, 2018 19:31
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24 with no credit card? What year is this?
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Oct 9, 2018 20:06
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Lowness 72 posted:24 with no credit card? What year is this? Lots of people strictly use debit cards for a long time.
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Oct 9, 2018 20:09
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Lowness 72 posted:24 with no credit card? What year is this? I know people in their 30's who think "credit card = debt and poverty." One of my friends asked if something was wrong when I told him that I had more than one credit card.
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Oct 9, 2018 20:10
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If you don't trust yourself to control spending then avoiding credit cards can be very GWM, but on the flip side a lot of people who avoid credit cards assume that everyone else is like them and carry a balance. Ive more than once had to explain to randos on sites like Reddit that yes I have a credit card and no it doesnt mean I carry a balance. And no, paying it off in full doesn't ruin my credit.
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Oct 9, 2018 20:19
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Krispy Wafer posted:All your cost savings get obliterated the moment you buy a Twinkie at the commissary or make a collect call. You get medical, but the 401k match sucks. So wait until retirement and buy prison twinkies from your 401k?
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Oct 9, 2018 20:44
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ryde posted:And no, paying it off in full doesn't ruin my credit. Yeah, I don't understand this piece at all. Chase probably spent $50 million dollars in accounts to spread this around and it probably was worth every penny.
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Oct 9, 2018 20:48
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ryde posted:And no, paying it off in full doesn't ruin my credit. Is that really a thing people think?  Where do these ideas even come from?
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Oct 9, 2018 20:52
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BMan posted:Is that really a thing people think? You have to prove to our billionaire overlords that you are a good American consumer by always maintaining debt, theory checks out. Edit: and as long as you are in debt you won't make trouble at work by demanding things like health benefits and 40 hour work weeks.
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Oct 9, 2018 21:05
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I came across the myfico.com forum recently, it's a wild place. People put the credit cards they have in their signatures like we used to do with PC specs on gaming forums in 2001.
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Oct 9, 2018 22:18
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Ganon posted:I came across the myfico.com forum recently, it's a wild place. People put the credit cards they have in their signatures like we used to do with PC specs on gaming forums in 2001. This guy apparently has 1,497 open credit cards. 
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Oct 9, 2018 22:41
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Ganon posted:I came across the myfico.com forum recently, it's a wild place. People put the credit cards they have in their signatures like we used to do with PC specs on gaming forums in 2001. And their FICO scores and their credit limits. It's kind of crazy.
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Oct 9, 2018 23:03
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BMan posted:Is that really a thing people think? I'd not be surprised to find out the answer is "advertising campaigns from banks and credit issuers"
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Oct 9, 2018 23:16
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Do you guys not see the constant advertising campaign about how you’re an idiot if you don’t know your credit score?
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Oct 9, 2018 23:24
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FrozenVent posted:Do you guys not see the constant advertising campaign about how you�re an idiot if you don�t know your credit score? Oh I see that poo poo all the time. I was talking about advertising the idea that you should keep some small debt on your cards at all times rather than paying them down as soon as they're utilized (if possible)
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Oct 9, 2018 23:27
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Dik Hz posted:Pardon my naivete, but how is capitalization any different from non-capitalization on student loan interest? Either way you owe the money. If you are on an income driven repayment plan then the amount of interest that can be capitalized is capped. Capitalization puts the interest as principal which allows it to then accrue interest (known as compounding). The cap helps avoid extreme levels of compounding (which is how 30k turns into 90k) even though you still owe for all of the interest that accrues. On an IDR plan your entire balance is forgiven after enough qualifying payments and that amount (principal and interest) is taxable income. So the main effect is substantially lower loan balances. Which is why you should never just ignore the loans there are tons of options to prevent it from becoming a life ending disaster.
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Oct 9, 2018 23:50
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Raldikuk posted:If you are on an income driven repayment plan then the amount of interest that can be capitalized is capped. Capitalization puts the interest as principal which allows it to then accrue interest (known as compounding). The cap helps avoid extreme levels of compounding (which is how 30k turns into 90k) even though you still owe for all of the interest that accrues. On an IDR plan your entire balance is forgiven after enough qualifying payments and that amount (principal and interest) is taxable income. So the main effect is substantially lower loan balances. The bolded part is not true if you have it forgiven through some loan forgiveness plans - like PSLF - but it remains true for the "stop, stop, he's already poor!" 20 year automatic forgiveness.
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Oct 9, 2018 23:51
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Ganon posted:I came across the myfico.com forum recently, it's a wild place. People put the credit cards they have in their signatures like we used to do with PC specs on gaming forums in 2001. Wait wait, myfico has forums? Why?EAT FASTER!!!!!! posted:The bolded part is not true if you have it forgiven through some loan forgiveness plans - like PSLF - but it remains true for the "stop, stop, he's already poor!" 20 year automatic forgiveness. lol
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Oct 10, 2018 00:02
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EAT FASTER!!!!!! posted:The bolded part is not true if you have it forgiven through some loan forgiveness plans - like PSLF - but it remains true for the "stop, stop, he's already poor!" 20 year automatic forgiveness. That is correct, PSLF is a bit more generous that way (assuming you can get through all of the hoops); my information is specifically about income driven repayment which should be available to anyone who has had a federal student loan originated after Oct 2007. Also on certain repayment plans (such as PAYE and REPAYE) you can remain on the plan even if your income rises to the point that 10% of your discretionary income exceeds the 10 year standard repayment rate (you no longer demonstrate a personal financial hardship). Under those plans you would then just pay the 10-year rate and a capitalization event occurs where no more than 10% of the original principal will be capitalized (any remaining still is owed, just isn't capitalized) and you are still eligible for loan forgiveness after enough qualifying payments (assuming a balance still exists which would be unlikely once back on the 10 year plan).
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Oct 10, 2018 00:39
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Vox Nihili posted:This guy apparently has 1,497 open credit cards. 1,498 if you count the v-card
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Oct 10, 2018 01:21
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