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Uterine Lineup posted:A few years ago after our mom passed away we had to do something with her car. We offered it to our youngest sister since she needed a car and was just starting college but she decided that she needed a brand new car and didn't want it. We sold it to Carmax and went on our way. A few months later she leased a Honda Fit and borrowed $4,000 from our dad as a down payment. We all told her that was a dumb thing to do but people that are bad with money tend to be really stubborn. I'd put an asterisk on "don't buy a new car in 2017" with "except a Honda Fit". Great value, inexpensive car, and holds value on the used market really well.
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Nov 21, 2017 20:31
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Risky Bisquick posted:I bought a brand new car, it still is GWM because of the new car smell maybe you bought too much car for your lifestyle. You do value the premium leather new car aroma right? We bought a 65k car on roughly half a million a year in gross pay. The car is great, it drives great, it smells great, it looks great, I like the premium leather new car aroma. It's just about the dumbest way to spend money I've found.
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Nov 21, 2017 21:11
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Risky Bisquick posted:I bought a brand new car, it still is GWM because of the new car smell maybe you bought too much car for your lifestyle. You do value the premium leather new car aroma right? This is sarcasm, right? You can buy new car smell in a spray bottle for 
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Nov 21, 2017 21:16
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EAT FASTER!!!!!! posted:We bought a 65k car on roughly half a million a year in gross pay. The car is great, it drives great, it smells great, it looks great, I like the premium leather new car aroma. It's just about the dumbest way to spend money I've found. I thought humble brags were no longer allowed?
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Nov 21, 2017 21:21
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EAT FASTER!!!!!! posted:We bought a 65k car on roughly half a million a year in gross pay. The car is great, it drives great, it smells great, it looks great, I like the premium leather new car aroma. It's just about the dumbest way to spend money I've found. drat man that is something *frantically mashing silent alarm button under the counter*
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Nov 21, 2017 21:22
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New cars are bad with money at every level of earnings.
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Nov 21, 2017 21:26
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Hutzpah posted:I thought humble brags were no longer allowed? Holy poo poo I can't believe every post that guy makes still has to talk about how much money he makes like a year after he started posting here
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Nov 21, 2017 21:37
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Uterine Lineup posted:A few years ago after our mom passed away we had to do something with her car. We offered it to our youngest sister since she needed a car and was just starting college but she decided that she needed a brand new car and didn't want it. We sold it to Carmax and went on our way. A few months later she leased a Honda Fit and borrowed $4,000 from our dad as a down payment. We all told her that was a dumb thing to do but people that are bad with money tend to be really stubborn. In all fairness, Honda FITs are up there in the least bad with money cars possible to drive and short of great returns on speculative investment vehicles the best possible with money (BPWM) new cars to buy, high reliability, highly desirable compact Hondas that depreciate almost linearly and are frequently sold with great manufacturer incentives.
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Nov 21, 2017 21:53
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EAT FASTER!!!!!! posted:We bought a 65k car on roughly half a million a year in gross pay. The car is great, it drives great, it smells great, it looks great, I like the premium leather new car aroma. It's just about the dumbest way to spend money I've found. Bro you got precision laser strike trolled with the "too much car for your lifestyle" comment
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Nov 21, 2017 21:54
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EAT FASTER!!!!!! posted:New cars are bad with money at every level of earnings. I will spreadsheet fight you over the benefits of a brand new prius prime under the right circumstances.
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Nov 21, 2017 22:00
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Elephanthead posted:I will spreadsheet fight you over the benefits of a brand new prius prime under the right circumstances. tough to beat the absurdly low tco on a used regular prius
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Nov 21, 2017 22:37
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I’ll give anyone involved with a spreadsheet fight a free wedgie.
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Nov 21, 2017 22:44
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canyoneer posted:I'd put an asterisk on "don't buy a new car in 2017" with "except a Honda Fit". Great value, inexpensive car, and holds value on the used market really well. BEHOLD: MY CAPE posted:In all fairness, Honda FITs are up there in the least bad with money cars possible to drive and short of great returns on speculative investment vehicles the best possible with money (BPWM) new cars to buy, high reliability, highly desirable compact Hondas that depreciate almost linearly and are frequently sold with great manufacturer incentives. This may be true if you buy but a 20 year old leasing a car for 3 years with no plan on how she is going to pay for the car once the lease expires is certainly BWM.
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Nov 21, 2017 22:58
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EAT FASTER!!!!!! posted:We bought a 65k car on roughly half a million a year in gross pay. The car is great, it drives great, it smells great, it looks great, I like the premium leather new car aroma. It's just about the dumbest way to spend money I've found. Congrats on your ridiculous household income. It's not even 15% of your gross income. This is not BWM but it is a humblebrag edit: like this is seriously like a guy who makes 1 million coming in here and saying "man I"m SOOOO bad at money I bought a Lamborghini guys am I right  "
Nail Rat fucked around with this message at 01:37 on Nov 22, 2017 |
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Nov 21, 2017 23:55
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Oh God no please not another car discussion. I think we can all agree that $60k trucks are not good and neither are high interest rates and screw leases. Otherwise people choose their automotive transportation based on such a wide variety of variables as to make it next to impossible to accurately mock people on the internet. And really, anyone who humble brags should get banned because they can obviously afford another
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Nov 22, 2017 00:20
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Krispy Wafer posted:And really, anyone who humble brags should get banned because they can obviously afford another
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Nov 22, 2017 01:01
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EAT FASTER!!!!!! posted:We bought a 65k car on roughly half a million a year in gross pay. The car is great, it drives great, it smells great, it looks great, I like the premium leather new car aroma. It's just about the dumbest way to spend money I've found. It really pained you when you put spoiler tags on your first humble brag didn't it? Just couldn't let that go. Please get the gently caress out of this thread and don't come back.
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Nov 22, 2017 01:24
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KYOON GRIFFEY JR posted:tough to beat the absurdly low tco on a used regular prius I will free charge this car for 100 years if i have to.
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Nov 22, 2017 01:41
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BigDave posted:I thought 'new car smell' was a combination of fumes from industrial solvents and adhesives. It is, and someone gave me a novelty spray can of it as a joke. It's convincing. Smells like a mixture of various 3M vehicle adhesives and some petrochemicals.
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Nov 22, 2017 03:51
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Never, never cosign on private student loans. Especially with your college boyfriend while you are also in college, because you may break up and he may decide to stop paying. https://www.reddit.com/r/legaladvice/comments/7ehui2/wife_cosigned_loan_ex_says_he_will_no_longer_pay/ Wife Co-Signed Loan, EX says he will no longer pay / going to declare bankruptcy. (NJ) (self.legaladvice) submitted 14 hours ago by polishgoku quote:A Years ago (2012-13) my wife co-signed a private student loan with her at the time boyfriend.
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Nov 22, 2017 04:42
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canyoneer posted:Never, never cosign on private student loans. this is dumb the story is great though, and even though similar stories come up all the time, i enjoy each and every one of them
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Nov 22, 2017 05:05
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Hoodwinker posted:I'm on board with this being a thread rule. Pushing for a rule that might lead to you getting banned is BWM.
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Nov 22, 2017 05:11
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You know, when I was in my early twenties I used to think my mom was overbearing and paranoid. She refused to cosign on anything with me, micromanaged a lot of things, and was convinced a lot of things were scams. Reading a lot of these BWM stories made me realize she did a good job with me because I was a pretty gullible naive and stubborn kid. And she didn't magically know all this stiff; quite a bit of it was things she herself learned the hard way.
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Nov 22, 2017 05:30
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canyoneer posted:Never, never cosign on private student loans. Especially with your college boyfriend while you are also in college, because you may break up and he may decide to stop paying. On the other hand, if he was able to convince her to cosign the loans in the first place (seriously, why?), he may have a promising career in sales that will let him take care of the loans.
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Nov 22, 2017 05:32
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Hoodwinker posted:He said literal children. Less mania and more disaster. Bitfinex, one of the few exchanges that hasn't yet imploded, has been discovered to be vastly overcommitted compared to their cash reserves, and the price of BTC is being hugely inflated as buying BTC is the only effective way to get something of even theoretical value out of monies stored there now.
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Nov 22, 2017 06:23
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Liquid Communism posted:Less mania and more disaster. Bitfinex, one of the few exchanges that hasn't yet imploded, has been discovered to be vastly overcommitted compared to their cash reserves, and the price of BTC is being hugely inflated as buying BTC is the only effective way to get something of even theoretical value out of monies stored there now. Also, source?
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Nov 22, 2017 07:19
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AreWeDrunkYet posted:On the other hand, if he was able to convince her to cosign the loans in the first place (seriously, why?), he may have a promising career in sales that will let him take care of the loans. Well IANAL, but if he's said he's not going to pay for them and there's a co-signer, that's pretty much not an issue, right? Unless she literally starves to death, that is. That doesn't take away from the fact that this guy is a HUGE piece of poo poo, and his girlfriend is as well for knowing the situation and saying "yeah, go ahead and gently caress her over for no reason." I hate people.
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Nov 22, 2017 07:53
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AreWeDrunkYet posted:On the other hand, if he was able to convince her to cosign the loans in the first place (seriously, why?), he may have a promising career in sales that will let him take care of the loans. To be fair, the wife in question may just be as thick as two short planks.
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Nov 22, 2017 08:47
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Co-signing for someone else's student loans may be bad but I think my sister's got them beat. She took out the full amount of student loans for 3-4 years of a very expensive private university in southern California, which my dad was already paying for, to fund her then husband's magic internet woo-woo company in 1997-99. I can't remember what they were doing exactly, I think designing e-commerce portals using flash or some crap, but he and his brother and their 4 employees needed a massive office in LA with a marble foyer to do this and since he'd already bled his dad's retirement savings dry he had the brilliant idea of getting low-interest loans entirely in my sister's name. We don't talk a lot about money between siblings, but my mom says it was over $200,000 that she gave him. Guess what happened in 2001? Yeah, *poof* all the money's gone, he's got no business and tons of bills and he's bust. Fortunately, she got a degree in pharmacology and passed the state licensing test so she could start working as a pharmacist/pharmacy manager so they didn't get evicted from their internet-cool-guy Santa Monica apartment. Meanwhile he's all depressed and mopey and not working so when she gets a job offer in a small town near the mountains they decide to move. "They" got approved for a mortgage on a duplex (she was the only one with any income), so he said he'd be the handyman and fix it up and be the landlord etc. etc. while she works but instead he got into rock climbing and just spent any money she brought home on ropes, harnesses, shoes, bags and whatever else he wanted. Never did any work on the house at all. Eventually she made him get an actual job so he got a job at the rock climbing gear store and just worked directly for gear basically and then made her pay when he wanted to go out with his buddies. In the end, she got sick of his bullshit and divorced him. In the settlement, he graciously gave up his "equity" in the duplex in exchange for the loan debt. But seeing as how he'd never actually done any work on the house (and not to mention she'd made all the payments anyway), it was in desperate shape and I think she barely managed to break even on it after it was all over. I'll skip a lot of E/N drama to let you know that she later married a guy who is on the deadbeat dad register because he'd been paying his child support in cash to his ex and once the kid was 18 she reported him for non-payment to get that gravy train started again. And dude? Last year his new company (he was co-founder and C level) got bought for an absurd sum of money and he's suddenly worth several hundreds of millions of dollars and getting glowing profiles written about him in Forbes and poo poo.
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Nov 22, 2017 10:19
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Hoodwinker posted:This is not the first time this has happened with an exchange either. The Bitcoin Thread is a joy of misery. Azathoth posted:Okay, effort post incoming, because it's far funnier and way more scammy.
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Nov 22, 2017 17:19
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What is Tether?
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Nov 22, 2017 17:22
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Tether is an altcoin supposedly backed by real dollars (it isn't). It's basically a gigantic scam of an altcoin and you should never hold any for any reason whatsoever.
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Nov 22, 2017 17:28
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Paying child support in cash, just.... WHY?!?!?!
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Nov 22, 2017 17:28
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Under the table business?
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Nov 22, 2017 17:31
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Drunk Tomato posted:Paying child support in cash, just.... WHY?!?!?! Because you were making your money in a way that you can't deal with banks?
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Nov 22, 2017 17:35
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Liquid Communism posted:The Bitcoin Thread is a joy of misery.
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Nov 22, 2017 18:02
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Phanatic posted:Because you were making your money in a way that you can't deal with banks? Even then, I'd just eat the fee and use money orders or some other traceable payment method.
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Nov 22, 2017 18:08
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Hoodwinker posted:How much of all Bitcoin is traded/held/sold/whatever'd on Bitfinex? How much of an effect will this have on the insane circus we know and love/hate? The bad thing is, it doesn't matter. Due to the cargo cult nature of bitcoin, the devaluation of paper balances on bitfinex pushing up the price of coin there as the only way to launder the value out leads to the rest of the bitcoin sphere of influence seizing on these new values as good.
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Nov 22, 2017 18:09
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greazeball posted:Co-signing for someone else's student loans may be bad but I think my sister's got them beat. This story had the worst punchline 
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Nov 22, 2017 18:15
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I couldn't follow who is dude
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Nov 22, 2017 18:45
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