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Nocheez posted:My wife wants to take the money we'll be getting from selling our rental home and invest it in a restaurant. Tell her you are perfectly willing to entertain her idea as you discuss the possibilities, but she is banned from using the term "invest" in regards to the restaurant, and instead must use the term "burn money" whenever she speaks of it.
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Oct 12, 2018 20:49
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Invest in a horse restaurant. Either a restaurant for horses or serving horse meat
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Oct 12, 2018 20:51
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George H.W. oval office posted:Invest in a horse restaurant. Either a restaurant for horses or serving horse meat why not a horse cannibalism restaurant
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Oct 12, 2018 20:52
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Poor freckles. Thought of tips and died.
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Oct 12, 2018 20:57
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Thanatosian posted:I work in IT, and I don't even know how I would go about getting a second job. Most places won't hire you if you say "I can't work from 8:30am-7:00pm, M-F. I have on-call hours one week in every six where I have to be available for my other job at all times." Where should he have looked, exactly? In an ideal world where you can just walk in and get any job, a bar or restaurant that needs extra help on the weekends would be good. If you're trying to just make $900, then you could easily do that over a 5 week period working Saturday and Sunday, especially if it's a job that gets tips. Telemarket from home jobs, but I have no clue how much that would pay. It wouldn't be enjoyable to do either of these, but if you just need $900 one time, there's ways to do it.
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Oct 12, 2018 21:43
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Nocheez posted:My wife wants to take the money we'll be getting from selling our rental home and invest it in a restaurant. *chant growing* start a thread start a thread start a thread
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Oct 12, 2018 22:44
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Relatively small potatoes compared to some recent gems, but:a dumb redditor posted:As the title says, I bought an 82 Chevy El Camino with 28k miles on it from a BMW dealership for $7,500. I went to dinner with my fiance there in Chicago before leaving from there to drive 3 hours south to our home in Springfield. I was unable to get 15 miles away from the dealership, as the radiator blew and the engine overheated and ruined it. I spent $775 getting that car back to the dealership due to towing fees, paying a mechanic to look at it, etc. The car was dropped back off the next morning. I called the next day (Sunday) and talked with the salesman who had to wait till Monday to talk with the Used car Manager. He said the car was sold as is and its my problem but just for the inconvenience he will tow to to springfield for me, which he did and then dropped it at my mechanic who quoted $4500 to rebuild just the engine. My problem is the car was advertised as working and "runs great" which it did not and now I'm out a car and owe the bank $7500. - Buys 36 year old used car from a regular dealership for $7500 with financing, obviously has no cash on hand - Doesn't pull over immediately when radiator explodes, overheats/seizes engine - Wants to sue BMW corporate over said as-is 36 year old used car that he drove for 30 mins after radiator blew Deserves every bit of it: 
Guinness fucked around with this message at 22:56 on Oct 12, 2018 |
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Oct 12, 2018 22:47
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How does she know the other people involved with the restaurant?
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Oct 12, 2018 22:49
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BEHOLD: MY CAPE posted:*chant growing* start a thread start a thread start a thread It really wouldn't be that exciting. She's more of an idea person, ya know? GoGoGadgetChris posted:How does she know the other people involved with the restaurant? Oh no, there's no specific restaurant involved. She just thinks it's a "no-brainer" and we would just invest the money and let someone else do all the work. That's pretty much verbatim. Nocheez fucked around with this message at 23:04 on Oct 12, 2018 |
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Oct 12, 2018 23:02
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Nocheez posted:It really wouldn't be that exciting. She's more of an idea person, ya know? restaurants... dont work like that 
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Oct 12, 2018 23:13
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Nocheez posted:Oh no, there's no specific restaurant involved. She just thinks it's a "no-brainer" and we would just burn the money and let someone else do all the work. That's pretty much verbatim.
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Oct 12, 2018 23:31
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Nocheez posted:a “no-brainer" The correct choice of words.
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Oct 12, 2018 23:31
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Nocheez posted:Oh no, there's no specific restaurant involved. She just thinks it's a "no-brainer" and we would just invest the money and let someone else do all the work. That's pretty much verbatim. loooooooooool Former coworker tried to be a silent partner in a restaurant. After 6 months he had to quit to work full time at the restaurant to "protect his investment."
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Oct 12, 2018 23:35
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Nocheez posted:Oh no, there's no specific restaurant involved. She just thinks it's a "no-brainer" and we would just invest the money and let someone else do all the work. That's pretty much verbatim. Does she know about, like... index funds?
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Oct 12, 2018 23:45
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Nocheez posted:It really wouldn't be that exciting. She's more of an idea person, ya know? I wonder if ol' Dooby is interested in a franchising deal
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Oct 12, 2018 23:51
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Anyone who has the drive, skills, and brains to build a successful restaurant from scratch is not going to do it so someone else can rake in the profits.
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Oct 12, 2018 23:52
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I've seen tons of 50/50 investment and work contribution business partnerships (you know, the actually fair way to split things up) go to absolute poo poo. My stepdad got ruined by his brother in such a business partnership, and I had two friends that also went into 'business' together and it ended up being a clusterfuck. Protip: Developing a Kickstarter nerd product and having one guy be the 'Idea Guy/Burger King Eater Guy/Pressure partner's wife to be his kid's Au Pair Guy' never ends well.
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Oct 12, 2018 23:59
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Nocheez posted:It really wouldn't be that exciting. She's more of an idea person, ya know? Yiiikes. I'm, uh, sure she's a great person in other ways.
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Oct 13, 2018 00:04
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Fitzy Fitz posted:Uber I'm not working 60-hour weeks; I get a lunch, and I'm just assuming that I'll need an hour to get from my current job to my second job or from my second job to my current job; the physical laws of the universe are a thing. I don't have a car. Retail and fast food basically require your schedule to be close to infinitely flexible in order to hire you even for part-time work; they will absolutely not give you a regular schedule, let alone schedule around your requests. What work-at-home tech support can you do when you can't work daylight hours during the week? Like, name the company that's hiring for that.
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Oct 13, 2018 00:10
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BMan posted:Does she know about, like... index funds? Thankfully, she lets me handle all the investing for our family. We even max out our Roth IRAs every year for the past 5. She's not seriously into this idea. I think it's more like when she thought it would be a great idea to build a bridge to Hawaii. Boy, was season 4 of Bojack Horseman a hoot when it came out!
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Oct 13, 2018 00:26
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Thanatosian posted:I work in IT, and I don't even know how I would go about getting a second job. Most places won't hire you if you say "I can't work from 8:30am-7:00pm, M-F. I have on-call hours one week in every six where I have to be available for my other job at all times." Where should he have looked, exactly? https://seedcashloans.co.nz/charges/ I'm pretty sure this guy is taking out a new loan every 60 days and incurring all the fees, instead of either: 1) Just defaulting and paying the $40-50/week fee as he tries to pay it off 2) Trying to freeze it (bottom) I'm also suspicious of this: quote:He says banks will not give him a credit card or personal loan to transfer the debt to because he still has an unpaid utilities bill of $250. "The default is less than the interest I'm paying on my loan. All I would need is the bank to give me something in order to get out of the loan shark cycle then I can start progressing."
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Oct 13, 2018 00:35
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I guarantee that dude has a bunch of lovely gadgets laying around worth at least $900
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Oct 13, 2018 00:41
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Nocheez posted:Thankfully, she lets me handle all the investing for our family. We even max out our Roth IRAs every year for the past 5. Yeah, my wife also toyed around with the idea of starting a taqueria with her mom and I discouraged her, explaining that there are likely far easier and more entertaining ways to burn up our life savings and ruin her relationship with her mom than start a restaurant For some people these kinds of dreams are probably nostalgia; they had many immigrant family members that did start up little businesses. But it makes sense for a more recent immigrant who has a limited fluency of English, little money of their own but lots of family connections. Once you've gotten your privilege to take more stable career ventures it just seems unnecessarily risky.
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Oct 13, 2018 00:52
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Starting a restaurant is how you spend a half million dollars to give yourself a minimum wage job
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Oct 13, 2018 00:57
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Bird in a Blender posted:In an ideal world where you can just walk in and get any job, a bar or restaurant that needs extra help on the weekends would be good. If you're trying to just make $900, then you could easily do that over a 5 week period working Saturday and Sunday, especially if it's a job that gets tips. Telemarket from home jobs, but I have no clue how much that would pay. It wouldn't be enjoyable to do either of these, but if you just need $900 one time, there's ways to do it. Weekends/evenings are the sweet spot for restaurants and bars; those shifts go to the most experienced, most senior people who really know their poo poo; that is when they make their loving money. No restaurant or bar (at least, around here) is going to hire some dude who works in IT with no food service experience that they will have to train, give them their best/busiest shift--and only their best/busiest shifts--only to have them very predictably leave in just a handful of weeks. If a bar/restaurant needs "extra help" on the weekends/evenings, that means that they're busy, and can't waste time training somebody on the very basics of food service during those hours. I would be amazed if there is a big, paying market for part-time, work-from-home telemarketers for weekends/evenings. You are welcome to prove me wrong, but it seems like exactly the sort of thing that would be serviced by lovely fly-by-night companies who would say they were going to pay you, then not. I'm not saying this guy isn't doing anything wrong (he almost certainly is), but some people in this thread seem to have a really, truly distorted view of how easy it is to just go out and "pick up" a second job.
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Oct 13, 2018 01:04
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One of my cousins tutors Chinese kids through Skype in the middle of the night due to the difference in time zones. It's through some service that pays based on number of classes with various incentives. Seems legit.
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Oct 13, 2018 01:08
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Droo posted:https://old.reddit.com/r/personalfinance/comments/9nmj8c/in_the_next_year_i_plan_on_dropping_all_assets/ It's not that crazy. They'll probably take a small hit on credit for not having some accounts open (hopefully letting their CCs stay open even with 0 balances instead of closing them).
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Oct 13, 2018 01:16
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Thanatosian posted:What work-at-home tech support can you do when you can't work daylight hours during the week? Like, name the company that's hiring for that. Plenty of companies, but only if your non-daylight hours are the same as southeast Asia and you're willing to work for $2/hr..
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Oct 13, 2018 01:23
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Teaching Chinese kids is legit, my coworker does one called VIP kids or something for $20/hr, and it's definitely at weird hours. You can also do all sorts of freelance work if you're competent with MS Office, basic Mac productivity software, etc You just need to look around and be a little more adaptive with your approach, there's tons of opportunities right now that require zero college or formal certs etc. The entire freaking world is a click a way and more connected than ever. You'll find something if you want to! If you find an opportunity that sounds great and pays well, but don't have the specific skills, then take a month or three to learn the fundamentals. It's worth it and is much easier than most people think.
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Oct 13, 2018 01:32
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Thanatosian posted:Spoken like someone who's never worked retail or service industry. This is really YMMV. Lots of stores (especially smaller ones) you're screwed with and they even want you to be on-call, but some larger ones (especially union ones) do give you the flexibility to not only provide dates/times you can work but also will work with you on setting regular schedules. I worked through high school and college at a major grocery chain and would have the same schedule for months that worked around my classes. Edit for content: https://www.reddit.com/r/personalfinance/comments/9nfmwv/atm_deposit_dilemma/ quote:ATM Deposit Dilemma Dr. Eldarion fucked around with this message at 01:45 on Oct 13, 2018 |
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Oct 13, 2018 01:37
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Yeah you should never assume that all equal pay/skill jobs have the same lovely conditions you're enduring at any given moment, it keeps you from looking around and is a big enabler for the poo poo practices to begin with. Especially with food and retail, those jobs are everywhere!
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Oct 13, 2018 01:44
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Dr. Eldarion posted:
Man an investment account/broker is like the most bizzare place to go to open up checking account imo. Also night stocking or swing shift warehouse work, like I did in High School or summers off from college? That has much more stable hours than retail/food service. Jack2142 fucked around with this message at 03:47 on Oct 13, 2018 |
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Oct 13, 2018 03:45
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https://www.reddit.com/r/legaladvice/comments/9np242/bank_closing_all_my_accounts/I'm hosed posted:Bank closing all my accounts All of his other posts are darkweb and drug related along with one about selling credit card numbers, bring your popcorn
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Oct 13, 2018 04:01
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In other words it took us three or so posts to come up with viable alternatives that 40k payday loan homie could have at least briefly considered. I also definitely agree that my credit score is not worth 40k, gently caress that noise. Dude is very very bwm
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Oct 13, 2018 04:02
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Jack2142 posted:Man an investment account/broker is like the most bizzare place to go to open up checking account imo.
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Oct 13, 2018 04:18
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Thanatosian posted:Schwab's checking accounts are legit. No foreign transaction fees. Yep. Travelling with that card was fantastic.
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Oct 13, 2018 04:45
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UCS Hellmaker posted:https://www.reddit.com/r/legaladvice/comments/9np242/bank_closing_all_my_accounts/ SFYL (Sorry For Your Lambo)
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Oct 13, 2018 04:47
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UCS Hellmaker posted:https://www.reddit.com/r/legaladvice/comments/9np242/bank_closing_all_my_accounts/ It’s that dumbass from Better Call Saul but 
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Oct 13, 2018 05:18
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Fidelity's is pretty good too especially domestically. They reimburse all atm fees and also offer free checks if that's something you care about. They do have a foreign transaction fee of 1% for purchases tho.
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Oct 13, 2018 05:30
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Thanatosian posted:Schwab's checking accounts are legit. No foreign transaction fees. Fair enough, still feels odd to me for a general checking account to go with that, but  I haven't had any real need to move from my account with a credit union, so I haven't looked in to alternatives.
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Oct 13, 2018 07:30
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