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Xenoborg posted:3/4 brother is a new one to me: So... a regular old first cousin, then? WTF. https://en.wikipedia.org/wiki/Cousin knox_harrington posted:gently caress it, sounds like the parents not only own the company but have all the liability as well, and none of the expertise. Quit the company, set up your own with that $500k, take the customers. I'm guessing they don't have $500k lying around, just that there's an option to buy it at that price with some sort of financing.
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# ? Oct 31, 2018 06:37 |
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# ? Jun 4, 2024 21:51 |
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SpelledBackwards posted:So... a regular old first cousin, then? WTF. no, read it again
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# ? Oct 31, 2018 07:12 |
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bob dobbs is dead posted:divabot wrote it up on his site, talked about it in the yospos buttcoin thread https://davidgerard.co.uk/blockchain/2018/06/24/initiative-q-a-non-crypto-private-currency-marketed-by-pyramid-scheme/
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# ? Oct 31, 2018 08:22 |
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MisterOblivious posted:https://davidgerard.co.uk/blockchain/2018/06/24/initiative-q-a-non-crypto-private-currency-marketed-by-pyramid-scheme/
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# ? Oct 31, 2018 10:41 |
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SpelledBackwards posted:So... a regular old first cousin, then? WTF.
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# ? Oct 31, 2018 13:10 |
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Splicer posted:...have the same mother and their fathers are brothers, or same father and their mothers are sisters. These Pornhub categories are getting so specific.
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# ? Oct 31, 2018 13:19 |
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VitalSigns posted:
VitalSigns posted:
VitalSigns posted:
VitalSigns posted:If you think it's a great idea money to dump money into index funds on the assumption that someone else will always be there to pay more for them then you did when you need the money despite vulture capitalists hollowing out the economy and forcing more and more people into poverty, go for it. VitalSigns posted:I think this idea that 401k's are going to secure your retirement is a myth. Like if markets were perfectly rational, then as an atomized individual sure owning a piece of a company you expect to generate future profits might work, but there's a fallacy of composition here. If everyone is just dumping their money into index funds then prices aren't really a rational expectation of future profits anymore, they just represent a hope that someone else will be along to pay even more for those shares than we did forty years hence. And in the real world CEOs are looting the hell out of their companies and leaving shareholders and workers holding the bag. VitalSigns posted:Hmmm Numlock posted:Not agreeing with vital signs but I’m finding it harder and harder to believe that 401ks and the like aren’t different than bitcoins given the apparent disconnect between the stock market and what I see every day. Leon Trotsky 2012 fucked around with this message at 14:03 on Oct 31, 2018 |
# ? Oct 31, 2018 14:01 |
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knox_harrington posted:gently caress it, sounds like the parents not only own the company but have all the liability as well, and none of the expertise. Quit the company, set up your own with that $500k, take the customers. The main problem is that normally enforcing this against your family means burning down all your relationships, but it seems like they are pretty much on that level anyway with the other family drama, so there's no particular reason not to put the screws to the rear end in a top hat parents and either get their presumed ownership or the wages they're owed. Really, the best option would be to get the second one, take any money, and kick off your own business without the parents.
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# ? Oct 31, 2018 14:09 |
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knox_harrington posted:gently caress it, sounds like the parents not only own the company but have all the liability as well, and none of the expertise. Quit the company, set up your own with that $500k, take the customers. At a minimum, they can quit, and the company value will plummet as the parents likely have had no input in how the company is run, and the place will fall apart without the two people at the top. I read some of the comments, and it looks like the guy went 7 or 8 months being unpaid while setting up the company, and then started getting a salary. He's trying to find documentation along the way that at least implied him and his wife would be owners. The guy needs to get off reddit and talk to a lawyer.
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# ? Oct 31, 2018 14:15 |
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Stakes in companies are like bitcoin because
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# ? Oct 31, 2018 14:22 |
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Leon Trotsky 2012 posted:The stock market is a rigged casino where the rich trick you into playing and steal all your money. My bad, keep investing your retirement in the perfectly rational market [/quote] Right exponential growth always lasts forever, sounds like a great concept to bet your future on [/quote] [/quote] There are a lot of dumb takes in here and the argument that capital investment virtually always produces a return is pretty strong historically speaking even if isolated examples of capital markets have collapsed. It is fair to criticize the United States system of 401k and related entities as an unnecessarily complicated and over-regulated yet still somehow very incomplete retirement savings vehicle that primarily serves as a huge tax break to already rich people while leaving everyone else to attempt to survive on Social Security
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# ? Oct 31, 2018 14:47 |
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BEHOLD: MY CAPE posted:There are a lot of dumb takes in here and the argument that capital investment virtually always produces a return is pretty strong historically speaking even if isolated examples of capital markets have collapsed. It is fair to criticize the United States system of 401k and related entities as an unnecessarily complicated and over-regulated yet still somehow very incomplete retirement savings vehicle that primarily serves as a huge tax break to already rich people while leaving everyone else to attempt to survive on Social Security That's a fine point to make. Arguing that a checking account will outperform an IRA over the course of your life, that bitcoin and stock are the same thing, and that mutual funds are a scam designed by the banking industry to extract more fees than people would get buying individual stocks are not really a part of that point. Saying, "You should eat less fatty foods." is a fine point. Saying, "You need to eat less fatty foods because the illuminati mind control serum is only fat-soluble and that is how they get you." is probably not coming from someone looking to make a well-founded critique of the food pyramid.
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# ? Oct 31, 2018 14:53 |
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Leon Trotsky 2012 posted:That's a fine point to make. Yep, stopped clock right twice a day and all that
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# ? Oct 31, 2018 14:55 |
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wait but mutual funds are a scam designed to extract fees from you while generally underperforming the market...this stopped clock was right 3 times at least!!!
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# ? Oct 31, 2018 17:11 |
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totalnewbie posted:Their cleaver is 205 bucks. You can get one from a Chinese market for 20 and it's just as good. If you hit your daily login bonus you can get one from wish for under 15. Have one, can confirm it cleaves the meat.
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# ? Oct 31, 2018 17:29 |
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Long one: Ideas to pay down my large debt https://www.reddit.com/r/personalfinance/comments/9sut4u/ideas_to_pay_down_my_large_debt/ quote:My wife and I are in our late 20s. We have 3 kids, and a LOT of debt. My wife and I are fully aware we have bad money management skills. We are realizing how bad with how we are in more debt now then a few years ago and we have been "trying" to pay it down. I mean, fake your death or something dude, drat.
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# ? Oct 31, 2018 17:32 |
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I don't understand the reason they can't declare bankruptcy because they don't own a home. Can someone explain that? Either way, the expenses they listed are $5,100/mo, with $6,800/mo income. They can't pay all of those minimums right now. I don't see anyway out of this besides bankruptcy to at least get all of the CC debt mostly wiped out. Anything that involves fully paying all that back would take them forever.
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# ? Oct 31, 2018 17:46 |
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Leon Trotsky 2012 posted:That's a fine point to make. The eye at the top of the pyramid on the dollar is actually a fat globule set atop the food pyramid. You heard it here, folks. I could drive on down to Alex Jones' studio within the hour to deliver the news.
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# ? Oct 31, 2018 18:14 |
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Bird in a Blender posted:I don't understand the reason they can't declare bankruptcy because they don't own a home. Can someone explain that? It's possible that they might have to move out of the home they're renting for whatever reason, and bankruptcy is a big "this tenant won't actually pay their rent" flag. It doesn't make it impossible but it will definitely limit their options available
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# ? Oct 31, 2018 18:39 |
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https://twitter.com/thelindsayellis/status/1057039937353052160
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# ? Oct 31, 2018 20:40 |
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I'm not sure I approve of Bojack's new animation direction
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# ? Oct 31, 2018 21:22 |
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Bird in a Blender posted:I don't understand the reason they can't declare bankruptcy because they don't own a home. Can someone explain that? To declare Chapter 7 BK you need to be able to pass the "means test". There are two ways to do so; 1) make under the median income for your state based on household size and you automatically are determined to have passed the means test 2) if you make over the median for your state then you have to go through and itemize all of your expenses and demonstrate an inability to pay. #2 is substantially harder to do but for a family of 5 with their income they should be able to still pass it; I doubt they spoke with a lawyer to figure it out. With their income and student loan debt as well they should be able to qualify for an Income Driven Repayment plan to lower monthly payments rather than sticking to graduated extended. That assumes the loans were originated when IDRs existed; which given their age seems likely. Getting the student loans onto an IDR and Ch 7 would be their magic bullet; but even Ch 13 would be a good idea given the extent of the debt. I am a bit amused that he comes out saying "basically the same except they get discharged in 5 years" as if that isn't a huge perk versus never ever being able to pay it off because of penalties and compound interest. Unfortunately for them they still are deluded enough to think that forgetting to pay your car tabs is an "emergency" versus a lack of foresight so no matter which avenue of relief they pick they'll be in the same exact place in <10 years guaranteed.
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# ? Oct 31, 2018 21:29 |
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Horse Daddy would be an absolutely sick gang tag
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# ? Oct 31, 2018 22:09 |
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Power of Pecota posted:Horse Daddy would be an absolutely sick gang tag (we need this)
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# ? Oct 31, 2018 22:14 |
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Does TVsVeryOwn post here?
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# ? Oct 31, 2018 22:34 |
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Power of Pecota posted:Horse Daddy would be an absolutely sick gang tag
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# ? Oct 31, 2018 22:39 |
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Murderball posted:Does TVsVeryOwn post here? He can be summoned. I think he's in the rugza thread.
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# ? Oct 31, 2018 22:40 |
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Raldikuk posted:To declare Chapter 7 BK you need to be able to pass the "means test". There are two ways to do so; 1) make under the median income for your state based on household size and you automatically are determined to have passed the means test 2) if you make over the median for your state then you have to go through and itemize all of your expenses and demonstrate an inability to pay. #2 is substantially harder to do but for a family of 5 with their income they should be able to still pass it; I doubt they spoke with a lawyer to figure it out. Yeah, they seem to "forget" about a lot of things that they don't want to pay. What happens if they need to declare bankruptcy again? Can they do that or does the judge tell them to piss off?
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# ? Nov 1, 2018 00:04 |
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Power of Pecota posted:Horse Daddy would be an absolutely sick gang tag I'm ready to be a member of the Horse Daddy Crew from the BWM thread.
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# ? Nov 1, 2018 00:33 |
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Senor Dog posted:What happens if they need to declare bankruptcy again? Can they do that or does the judge tell them to piss off? 8 years in between pushing the reset button.
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# ? Nov 1, 2018 00:39 |
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How many gang tags can you have? I ain't getting rid of my tag!
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# ? Nov 1, 2018 00:45 |
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TraderStav posted:How many gang tags can you have? I ain't getting rid of my tag! It will be a cold day of before I let go of mine.
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# ? Nov 1, 2018 00:49 |
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.nm
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# ? Nov 1, 2018 00:59 |
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.
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# ? Nov 1, 2018 02:41 |
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Just wanna drop this here:
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# ? Nov 1, 2018 04:03 |
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Motronic posted:Just wanna drop this here: Can I replace the paddle wheels with a generator and have horse powered BIT coin mining rigs?
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# ? Nov 1, 2018 11:46 |
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Elephanthead posted:Can I replace the paddle wheels with a generator and have horse powered BIT coin mining rigs? I'm sorry, you would have to install another paddle wheel that gets driven by the boat moving connected to a generator otherwise it would be too efficient.
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# ? Nov 1, 2018 15:05 |
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Champing at the bitcoin
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# ? Nov 1, 2018 15:28 |
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quote:I got a doozy, for you bankruptcy folks..
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# ? Nov 1, 2018 16:11 |
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# ? Jun 4, 2024 21:51 |
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Welp that's gonna be a reaming.
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# ? Nov 1, 2018 16:44 |