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Alan Smithee posted:Speaking of Paging Zaurg.
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# ? Nov 19, 2018 18:55 |
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# ? Jun 4, 2024 15:32 |
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quote:Need Help! Friend owns my house for $1. Not sure how legal/tax situation works. What to do? https://old.reddit.com/r/personalfinance/comments/9yjo1i/need_help_friend_owns_my_house_for_1_not_sure_how/
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# ? Nov 19, 2018 19:57 |
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Leon Trotsky 2012 posted:
This story is totally fake because you can't transfer a property title with an unsatisfied lien/mortgage interest on it.
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# ? Nov 19, 2018 20:10 |
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Motronic posted:This story is totally fake because you can't transfer a property title with an unsatisfied lien/mortgage interest on it. Boo. Is it possible this guy has did something else and doesn't understand it? I don't even understand what this scam is supposed to actually accomplish. Why do you need to get together enough cash to pay off your mortgage if you intend to buy it for pennies on the dollar? Leon Trotsky 2012 fucked around with this message at 20:25 on Nov 19, 2018 |
# ? Nov 19, 2018 20:14 |
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Here's another fun one:quote:Can I claim my manchild boyfriend as a dependent? https://www.reddit.com/r/personalfinance/comments/9yh1if/can_i_claim_my_manchild_boyfriend_as_a_dependent/ Why not just break up? quote:My wife and I are having financial problems when we shouldn’t "We only spend $180 per week for personal items." "We spend $3,245 per month. I don't know where ~$2,450 of it goes each month." How are you paying $315 per month for 2 cell phones in TYOOL 2018? https://www.reddit.com/r/personalfinance/comments/9wqpu9/my_wife_and_i_are_having_financial_problems_when/ "Reddit, help me make the easiest decision in the world. Which is the better financial decision? Should I go into debt for a Master's Degree and try to live the hellish life of an adjunct professor of Computer Science? Or should I take a $160k job with no debt?" The idea of a going with a $200,000 per year opportunity cost to get a Master's in Computer Science is baffling. quote:$160,000 at 21 or a 1-year Master's degree https://www.reddit.com/r/personalfinance/comments/9rufrc/160000_at_21_or_a_1year_masters_degree/ Leon Trotsky 2012 fucked around with this message at 20:35 on Nov 19, 2018 |
# ? Nov 19, 2018 20:20 |
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Leon Trotsky 2012 posted:"Reddit, help me make the easiest decision in the world. Which is the better financial decision? Should I go into debt for a Master's Degree and try to live the hellish life of an adjunct professor of Computer Science? Or should I take a $160k job with no debt?" This kid is probably super sheltered. Either that or this a really poorly-masked humblebrag
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# ? Nov 19, 2018 20:41 |
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Not a Children posted:This kid is probably super sheltered. Either that or this a really poorly-masked humblebrag he's all "i'm the kid of first gen immigrants who were poor" so i don't think it's the former
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# ? Nov 19, 2018 20:45 |
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Leon Trotsky 2012 posted:https://www.reddit.com/r/personalfinance/comments/9yh1if/can_i_claim_my_manchild_boyfriend_as_a_dependent/ loving sad Redditor posted:Following, similar situation.
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# ? Nov 19, 2018 20:47 |
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Leon Trotsky 2012 posted:Boo. Is it possible this guy has did something else and doesn't understand it? This is the second post in the last week where someone got the brilliant idea to buy mortgages for pennies on the dollar. There must be a get-rich-quick seminar out there saying to do this. Since mortgages are bought and sold between lenders, they think they're selling them for less than the note's value. So bypass the middleman and buy your mortgage directly from the lender for less than your outstanding note. But they're not selling them for cheap unless they're foreclosures. This is the stupidest thing I've seen in this thread and we once had a guy who cashed out the equity in his truck.
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# ? Nov 19, 2018 20:53 |
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This line should be /r/personalfinance's new motto:quote:This is just background info, however not an invitation for criticism of my life choices. Edit: Man, I just read some of the comments on that one. How do you get to this point in your life? She is obviously crazy resentful, so she knows that it is making her miserable, but wants to stay miserable for some reason. quote:I am not sure how free rent gets handled in a situation of determining 50% support. Leon Trotsky 2012 fucked around with this message at 20:59 on Nov 19, 2018 |
# ? Nov 19, 2018 20:56 |
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Leon Trotsky 2012 posted:How are you paying $315 per month for 2 cell phones in TYOOL 2018? I think I've spotted the trend in these posts when that gets called out and answered: they are financing two $900 phones and replacing them ever 2 years of whatever.
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# ? Nov 19, 2018 20:57 |
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It sounds mostly like a humblebrag but "Even though the job pays a lot I am not sure if that is what I want to do with my life" doesn't seem like an easy decision to make. I wouldn't take $160k to go work 6 days a week at Amazon, I don't really blame someone else for preferring to pursue an academic career.
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# ? Nov 19, 2018 20:58 |
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Motronic posted:I think I've spotted the trend in these posts when that gets called out and answered: they are financing two $900 phones and replacing them ever 2 years of whatever. I feel like $315 per month would be more than enough to outright buy the phones over 2 years, right? Isn't the appeal of those deals that they have little or no interest and no upfront costs?
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# ? Nov 19, 2018 21:03 |
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I don't even know what to do with this one. Videogame finances... Can I do this in real life? https://www.reddit.com/r/personalfinance/comments/9yjwvf/videogame_finances_can_i_do_this_in_real_life/ quote:I wasn't taught finances in school or by my parents, but in a game I play called "animal crossing: new leaf" you get a bank account for free and you can deposit money (a.k.a "bells") into it whenever you want. Honestly? This guy is still way ahead of the guy who tried to scam his mortgage lender by giving his friend his house for free.
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# ? Nov 19, 2018 21:07 |
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Speaking of very confusing and poorly thought out scams...quote:My girlfriend’s illegal parents want to open a credit card account under her name in order to buy a house. Should she be worried? He knows it sounds like a bad idea, but also thinks that opening a single credit is how you qualify for a mortgage. quote:Just curious, how long does it take to establish credit good enough to get a loan of 6 figures for a house? I can't tell if the parents have no idea what they're doing, or if they know exactly what they are doing and just trying to get a credit card. https://www.reddit.com/r/personalfinance/comments/9q8r1c/my_girlfriends_illegal_parents_want_to_open_a/
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# ? Nov 19, 2018 21:09 |
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What are the downsides of marrying a good friend just so they can use my work provided healthcare?quote:I have a very close friend who has a potentially bad heart problem, asthma, and a child. My work gives me good healthcare that I never use. We are both in our late 30's and are not lovers. If I married them they would instantly have access to better doctors, or at least a doctor who put effort into helping them. quote:They'll instantly own 50% of your stuff. quote:Another thing to consider is medical debt is marital debt. https://www.reddit.com/r/personalfinance/comments/9s4etq/what_are_the_downsides_of_marrying_a_good_friend/
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# ? Nov 19, 2018 21:12 |
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Leon Trotsky 2012 posted:I feel like $315 per month would be more than enough to outright buy the phones over 2 years, right? Isn't the appeal of those deals that they have little or no interest and no upfront costs? Little or no upfront costs. They claim no interest, but let's be serious: you're paying full boat retail for the phone. There's the interest payment.
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# ? Nov 19, 2018 21:17 |
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Leon Trotsky 2012 posted:Speaking of very confusing and poorly thought out scams... I think the parents are saying "Get a credit card now so it'll be easier to get a house later" which is true, but this guy is an idiot and thinks something else entirely is going on.
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# ? Nov 19, 2018 21:17 |
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quote:I am recently married and my wife and I have an insane amount of credit card debt (50K). I have a FT job but she is not employed and is a student. The debt is across a bunch of different cards. Looking for suggestions. More details below quote:With $50K in debt you don't get to order out every meal to the tune of $40 per day. Start being responsible with your spending. quote:I'm questioning the budget. You only list $2,950 in monthly expenses, with $9,167 in monthly income. On paper you have no problems. Where is the rest of your money going? ~$7,000 per month in "taxes" and an "occasional cab ride." https://www.reddit.com/r/personalfinance/comments/954mac/i_am_recently_married_and_my_wife_and_i_have_an/ quote:Should I freeze my 401k contribution to save for wedding and first-time home purchase? The body on this one is long-ish and boring, but they want to divert 12% of their income for 2 years from their 401(k) to a wedding fund. quote:Planning a wedding with a pile of debt https://www.reddit.com/r/personalfinance/comments/9eyajn/planning_a_wedding_with_a_pile_of_debt/ Leon Trotsky 2012 fucked around with this message at 21:35 on Nov 19, 2018 |
# ? Nov 19, 2018 21:31 |
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Leon Trotsky 2012 posted:
I first read that as “planning a wedding with a pile of poo poo” Where is that $5000 stipend coming from that’s immediately going to be spent on her wedding lol
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# ? Nov 19, 2018 21:34 |
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Leon Trotsky 2012 posted:"Reddit, help me make the easiest decision in the world. Which is the better financial decision? Should I go into debt for a Master's Degree and try to live the hellish life of an adjunct professor of Computer Science? Or should I take a $160k job with no debt?" This isn't that uncommon of a decision/BWM as it seems. There are plenty of people at who take the extra year to do an M. Eng at Very Well Known Institute of Technology. Furthermore, it's pretty rare to be able to get a Masters with absolutely minimal effort required beyond staying only 1 extra year. He's not talking about turning that job away forever. That job at Amazon is going to be there next year, and a year is nothing, especially if it leads to other opportunities down the road. BWM is taking that degree and doing something really dumb, like going to medical school/residency right before a massive tech boom. Residency Evil fucked around with this message at 21:48 on Nov 19, 2018 |
# ? Nov 19, 2018 21:44 |
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I feel like the little things get lost in some of these posts. For example:quote:I usually just buy lunch and she’s at home so she ends up spending more. Wait wait wait wait, she's at home... so she spends... more. She spends more, because she's at home. Home is where she's at, so that costs more money. Nope, I can't break it down any different, this is some kind of new math I'm not familiar with.
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# ? Nov 19, 2018 21:51 |
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Elysium posted:I feel like the little things get lost in some of these posts. For example:
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# ? Nov 19, 2018 21:56 |
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Lockback posted:It sounds mostly like a humblebrag but "Even though the job pays a lot I am not sure if that is what I want to do with my life" doesn't seem like an easy decision to make. I wouldn't take $160k to go work 6 days a week at Amazon, I don't really blame someone else for preferring to pursue an academic career. He needs to talk with his professors and get a real good understanding of academia life to see if that is his path. Maybe he could work for a year or two and then go back for the Master's?
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# ? Nov 19, 2018 21:58 |
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Lockback posted:I think the parents are saying "Get a credit card now so it'll be easier to get a house later" which is true, but this guy is an idiot and thinks something else entirely is going on.
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# ? Nov 19, 2018 22:16 |
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CannonFodder posted:Maybe he could work for a year or two and then go back for the Master's? 9 out of 10 people who say they want to do this don't do it. Honestly, if you really want to pursue further education (and there are financial and non-financial reasons to do this) it's best not to plan to come back after you acclimate to a more expensive lifestyle.
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# ? Nov 19, 2018 22:19 |
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Leon Trotsky 2012 posted:What are the downsides of marrying a good friend just so they can use my work provided healthcare? This is the crux of the average bigot’s argument against gay marriage to prove they’re not bigoted. “I could just say I’m married to my good friend of the same sex to get benefits! It’ll ruin health insurance (lol as if it could be worse)”. A bogeyman that has obviously stormed America in the past few years.
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# ? Nov 19, 2018 22:40 |
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Lockback posted:9 out of 10 people who say they want to do this don't do it. Honestly, if you really want to pursue further education (and there are financial and non-financial reasons to do this) it's best not to plan to come back after you acclimate to a more expensive lifestyle.
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# ? Nov 19, 2018 22:45 |
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Lockback posted:9 out of 10 people who say they want to do this don't do it. Honestly, if you really want to pursue further education (and there are financial and non-financial reasons to do this) it's best not to plan to come back after you acclimate to a more expensive lifestyle. A person with a 4-year STEM degree and a year of experience in industry is worth more to an employer than a person fresh off a 1-year master's program. And there's a cost delta in this guy's case of $200,000. After a couple years of experience, nobody really cares whether you got the master's or not.
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# ? Nov 19, 2018 22:52 |
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Dik Hz posted:I'm not disagreeing with you, but just adding my own experience:
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# ? Nov 19, 2018 22:57 |
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Need to borrow $10000 smartly with bad credit scorequote:I'm a student 3rd year university student who has 2 part time jobs and need $10,000. I have to pay back some debts which amount to about $12,000 I have $2000 need the rest. E: lol, which one of you is this? I want to enjoy my money in the next 10-20 years, not wait until I'm an old man to tap into my 401k. quote:I've been maxing out my 401k, Roth IRA, and HSA for 5 years now, and I'm finally realizing that I might be overcontributing in my 401k. Cacafuego fucked around with this message at 23:14 on Nov 19, 2018 |
# ? Nov 19, 2018 23:11 |
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Dik Hz posted:I'm not disagreeing with you, but just adding my own experience: Somewhat depends on the specific field (Data Science is an area where the education can be worth more than the experience) but overall the non-financial reasons matter here too. I'm not saying it's a better decision or not, just something that if you want to do, do it right away.
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# ? Nov 20, 2018 00:06 |
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Cacafuego posted:Need to borrow $10000 smartly with bad credit score Of course, there are useful answers to this question, but "how do I retire earlier than 59 and a half years old and/or Social Security eligibility age and/or Medicare eligibility age" is not the simplest issue to resolve if you have the huge majority of your assets tied up in tax advantaged retirement accounts and your house, like many many people in their 40s and 50s
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# ? Nov 20, 2018 00:07 |
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Dik Hz posted:I'm not disagreeing with you, but just adding my own experience: 4-year stem degree + master's counts for a lot in immigration, altho i guess this guy is ok maybe on that front. also counted for a lot when the last tech boom withdrew and everyone was scrambling for a job. also counts for a nonzero amount in getting a job when old or with a bumblin big corp(altho degree vs. no degree is the big difference on that one)
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# ? Nov 20, 2018 00:18 |
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How often do people have enough money to retire before 59.5, but the only retirement saving they did was in their 401k? Seems like a rare scenario to retire early but with zero Roth IRA or taxable investments.
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# ? Nov 20, 2018 00:19 |
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GoGoGadgetChris posted:How often do people have enough money to retire before 59.5, but the only retirement saving they did was in their 401k? 401ks were invented 1978 and gained their primacy by the mid-80's, so they really literally have not been tested yet in a situation where someone started it at 22 and is retiring at 60somethin account amounts are ~ power law just like every other monetary quantity, so almost nobody has within an order of magnitude of enough in their 401k
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# ? Nov 20, 2018 00:23 |
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While IMO industry experience counts for more than a Master's, I'm also not an unthinking, automated HR resume scanner (that may or may not be human) that prizes the applicant with "Masters" more highly, or discards management position applications for resumes without it.
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# ? Nov 20, 2018 01:46 |
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Volmarias posted:While IMO industry experience counts for more than a Master's, I'm also not an unthinking, automated HR resume scanner (that may or may not be human) that prizes the applicant with "Masters" more highly, or discards management position applications for resumes without it. iirc, the anglo unthinking points-based immigration schemes value a master's as about 2-3 years industry experience. generally if you're gonna face an unthinking bureaucracy that'll look about right
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# ? Nov 20, 2018 02:12 |
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BEHOLD: MY CAPE posted:Of course, there are useful answers to this question, but "how do I retire earlier than 59 and a half years old and/or Social Security eligibility age and/or Medicare eligibility age" is not the simplest issue to resolve if you have the huge majority of your assets tied up in tax advantaged retirement accounts and your house, like many many people in their 40s and 50s You make a 5 year cash runway and/or quit or change jobs so you can start roth conversions until you are 59.5.
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# ? Nov 20, 2018 02:35 |
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# ? Jun 4, 2024 15:32 |
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Wrong thread
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# ? Nov 20, 2018 03:02 |