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Being short is good with money -- I can pretty regularly buy clothes on clearance that nobody fits into, kid shoes are half the price of adult sizes, and I don't have to drink as much to get my buzz at the bar. On the flip side, retail outlets tend to carry a grand total of 2 pairs of mens' shoes in a size 6
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# ? Feb 26, 2015 13:28 |
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# ? May 31, 2024 21:35 |
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True, but statistically you're much more likely to be passed over for promotions/raises. Bad with money.
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# ? Feb 26, 2015 14:05 |
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I think the statistic is that you tend to make $1000 more for every inch of height Also, height is positively correlated with IQ. Bummer!
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# ? Feb 26, 2015 14:26 |
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Jack2142 posted:I bought a Pontiac 2006 G6 two years ago, after 4 recalls I can safely say I am bad with money... (I just found out about the most recent one today) I had a '06 Grand Prix that stopped working while I was driving. First this happened I was going 60MPH on a highway right in the middle of a medium city (Nashville). It did that 7+ more times over the years, I kept taking it to different places for repairs and no one successfully figured it out. I finally just traded it in for a Honda in 2012. When I read about the recalls a year or so later I was def very upset to hear it. I'll never buy GM again.
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# ? Feb 26, 2015 14:43 |
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Not a Children posted:I think the statistic is that you tend to make $1000 more for every inch of height At least short people don't have the wits to know they're being underpaid
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# ? Feb 26, 2015 14:50 |
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Who knew wearing heels was good with money.
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# ? Feb 26, 2015 15:42 |
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I remember trying to help a guy set up a dating profile. He was 5'4" and wanted to date a girl that was shorter. Looking at all the profiles was funny because all the girls 5'2" and under had height requirments of like 6'0" or better almost every time.
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# ? Feb 26, 2015 15:51 |
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I've never seen a short girl post something like that -- just mid-height girls, like 5'5" to 5'7". Lest heightchat ruin another thread, have some more reddit: quote:23/M. Have a degree in Business Management and I am in an Accounting / Payroll position earning some 32k annually. Kid had one good month and is ready to quit his day job
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# ? Feb 26, 2015 16:45 |
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Dude I won 5K in the casino last month, I need to quit my day job because going to the casino takes so much time that my work/life balance is shot!
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# ? Feb 26, 2015 16:50 |
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I would do it. The guy is 23, hates his job, and only makes 32k a year. What does he have to lose? Obviously he has a high probability of flaming out, but it wouldn't be the worst thing in the world. Getting a 32k job with a business degree shouldn't be too hard. This assumes that he has no significant debts or dependents.
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# ? Feb 26, 2015 17:01 |
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potatoducks posted:I would do it. The guy is 23, hates his job, and only makes 32k a year. What does he have to lose? He should probably stick it out for a couple more months to hit that sophomore slump, but otherwise yeah.
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# ? Feb 26, 2015 17:13 |
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can't he just show up to the office and spend all day trading? Of course I still think the idea of trading your own money on etrade instead of going to work at a day trading shop is nonsense, what the gently caress kind of return does he expect on his (surely meager) savings? (Not that day trading in general isn't also nonsense...) Jeffrey of YOSPOS fucked around with this message at 17:18 on Feb 26, 2015 |
# ? Feb 26, 2015 17:14 |
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He went to school he has debt. Not only that he doesn't have a bankroll to fund trading along with actually living - taxes, insurance, probably savings, etc. You are dumb to day trade as a profession anymore unless you have extremely good liquidity.
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# ? Feb 26, 2015 17:14 |
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It gets better:quote:I haven't been trading stocks so the overall market doesnt affect me, I short and long crude oil on a daily basis. To reddit's credit, most of the comments are saying "don't do this, you dolt."
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# ? Feb 26, 2015 17:49 |
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A single 47 year old woman that just got fired and has 5 kids won the biggest lottery winnings ever in Denmark. Something around 80mil $. Good for her. A quote from her first interview "The first thing I'm going to spend money on is a truck. It's going to be a jeep". Gotta get that truck equity.
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# ? Feb 26, 2015 19:21 |
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Lehban posted:A single 47 year old woman that just got fired and has 5 kids won the biggest lottery winnings ever in Denmark. Something around 80mil $. Good for her. 80 million dollars and you complain about her buying a truck?
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# ? Feb 26, 2015 19:31 |
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yeah I'm not seeing that one I saw warren buffett at ralph's the other day and saw him buying doritos, like the dude doesn't even know that he can save a dollar buying store-brand Cheezy Crisps.
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# ? Feb 26, 2015 19:33 |
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I'd do the same thing if I won, except it'd be a Tesla Model S P85D, and then putting as much money into a blind trust as humanly possible.
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# ? Feb 26, 2015 19:35 |
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If I had ~40 million after tax which is what I assume that to be, since it's already like five times what I think I'll need for a very comfortable retirement 25-30 years down the road, I would totally buy a ferrari or some poo poo like that. But first I'd get all the investing squared away, which I would really just do at Vanguard.
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# ? Feb 26, 2015 19:39 |
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Jeffrey of YOSPOS posted:yeah I'm not seeing that one http://fortune.com/2015/02/25/warren-buffett-diet-coke/ Warren loving Buffett posted:"If I eat 2700 calories a day, a quarter of that is Coca-Cola. I drink at least five 12-ounce servings. I do it everyday.”
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# ? Feb 26, 2015 20:06 |
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Shipon posted:80 million dollars and you complain about her buying a truck? hehe no, she can live extravagantly for the rest of her life with no worries and I'm fine with that. I just found it hilarious that her number one priority was buying a truck.
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# ? Feb 26, 2015 20:17 |
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baquerd posted:Hmm, sounds tempting, but are you presenting as a normal short guy or as a rich short guy? Nail Rat posted:If I had ~40 million after tax which is what I assume that to be, since it's already like five times what I think I'll need for a very comfortable retirement 25-30 years down the road, I would totally buy a ferrari or some poo poo like that. Yeah but it's COMMUNIST/SOCIALIST/PINKO northern Europe, probably more like $20 mil after taxes. A pittance, really. V V V Edit: or maybe not, according to the post below this one SpelledBackwards fucked around with this message at 20:26 on Feb 26, 2015 |
# ? Feb 26, 2015 20:23 |
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Nail Rat posted:If I had ~40 million after tax which is what I assume that to be, since it's already like five times what I think I'll need for a very comfortable retirement 25-30 years down the road, I would totally buy a ferrari or some poo poo like that. It's probably tax free winnings. I always find it weird seeing the amount of money that people have to pay on lottery winnings in the US. I think if she just collects savings account interest she won't go broke buying a truck. She'll be one of the few people with positive truck equity.
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# ? Feb 26, 2015 20:24 |
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All winnings are tax free in Denmark (or more correctly the prize amount announced and advertised is the post tax amount, and the company doing the lottery must pay the taxes). So it's all hers. And no she can buy all the trucks she wants. And honestly i can understand that a single mom with 5 kids wants a big car now that she can afford one. I've just been accustomed to equal truck equity with bad with money so i found the quote funny enough to share.
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# ? Feb 26, 2015 20:29 |
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edit: nvm misinterpreted post
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# ? Feb 26, 2015 20:36 |
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And if you look to your left, you'll see Warren Buffet dunking on everyone.
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# ? Feb 26, 2015 22:05 |
SpelledBackwards posted:Not true, and even if it is the case in a local area, fat girls can do something about it. The real online dating failure counterpart is the extremely short guy. Ask me how I know. How do you... SpelledBackwards posted:As a 5'0" guy Oh. I see. I'm 6'4", but I am fat, which I think more than overrules the tall. Fortunately, I can sing, and there seems to be a certain percentage of women who inexplicably find me charming. I guess you've gotta work with what you've got. I remember a study (not sure how legit it was) a few years back that showed Americans would rather be missing a limb than be obese. Has anyone ever published a "would you rather..." about being a short guy?
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# ? Feb 27, 2015 01:35 |
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Shut the gently caress up about being short or fat or whatever disadvantaged class you are.
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# ? Feb 27, 2015 03:26 |
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Unless you're poor because you're bad with money. In that case, spill the beans.
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# ? Feb 27, 2015 04:08 |
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KYOON GRIFFEY JR posted:Shut the gently caress up about being short or fat or whatever disadvantaged class you are. yeah let's get back to rice and beans chat and used car chat and sensible shoes chat
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# ? Feb 27, 2015 04:24 |
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BEHOLD: MY CAPE posted:yeah let's get back to sensible shoes chat But I'll need lifts! I got excited seeing a thread on reddit from a dude asking if he should take a $1000 vacation despite his $250k in student loans. Turns out he was in med school and it all seemed pretty reasonable given his stated assumptions SpelledBackwards fucked around with this message at 05:05 on Feb 27, 2015 |
# ? Feb 27, 2015 05:02 |
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SpelledBackwards posted:But I'll need lifts! Wanna see your 8-inch lifts
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# ? Feb 27, 2015 05:05 |
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slap me silly posted:Wanna see your 8-inch lifts Sounds like I'll need an equally raised truck to go with them. Can you lift a boat trailer too?
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# ? Feb 27, 2015 05:14 |
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Let's go back to chatting about how horrible [random minor purchase] is.
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# ? Feb 27, 2015 05:31 |
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BEHOLD: MY CAPE posted:yeah let's get back to rice and beans chat and used car chat and sensible shoes chat In reddit news: http://www.reddit.com/r/personalfinance/comments/2x9nv5/we_are_students_looking_to_buy_our_first_small/ posted:We are 24 years old and we are very fortunate to have the option to buy a very small home (~$165,000) at a growing community as an investment. We will be living in this area for at least 3 more years to finish up our phD programs. We are in PA and this is our first home to buy. (Kind of reaching since OP also seems to be in the "see if this is actually a good idea" phase, but it's better than datingchat)
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# ? Feb 27, 2015 06:51 |
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Haifisch posted:If you buy anything other than a plain white pair of $20 sneakers with barely-adequate support, you're bad with money. Students investing is a bit of an annoying point for me. On one side I know that if I invested my student loan money I probably would have hosed up and lost money. However there was one guy I knew in my organic chemistry paper who was doing commerce papers. He decided to borrow the loan money (which was about 10% interest at the time) in the stock market. He hit a point where the dividends were bothering him because they were close to the government threshold for making payments on the loan. These days in New Zealand I've heard that students are advised to take out the full loan and put it in a savings account. This works for those with self control as the government loans are 0%. This advice pisses me off though as I know a large number of students will get all the money out then blow the year's money ending up too broke to buy cat food.
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# ? Feb 27, 2015 07:53 |
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They're not even really investing though, their parents are paying for the deposit, and I'll bet that in months when things are tight they'll cover the mortgage too. Sounds more like kids with rich parents being gifted a house and I would say it's more like a subtle brag "my parents are rich" post.
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# ? Feb 27, 2015 11:01 |
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Rudager posted:They're not even really investing though, their parents are paying for the deposit, and I'll bet that in months when things are tight they'll cover the mortgage too. Sounds more like kids with rich parents being gifted a house and I would say it's more like a subtle brag "my parents are rich" post. The fact that he's too lazy or stupid to find out the county taxes is frightening. Zillow/Trulia frequently pull directly from the county tax site. Or look up the parcel number and run that. Takes 5 minutes. An insurance quote may take half an hour, maybe two hours to pull a bunch.
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# ? Feb 27, 2015 12:04 |
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Bloody Queef posted:The fact that he's too lazy or stupid to find out the county taxes is frightening. Zillow/Trulia frequently pull directly from the county tax site. Or look up the parcel number and run that. Takes 5 minutes. My county has like 30 different tax rates, and my part of it has 5. I have a solid estimate but man it can vary by the block.
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# ? Feb 27, 2015 15:12 |
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# ? May 31, 2024 21:35 |
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Hey, BFC...it's me...I'm the one who's Bad With Money... Ok, it WAS me, I'm good now. Massive wall of text incoming: Graduated a good engineering school in 2004 with a BS in biomedical engineering, and only about 30k in debt from loans. Because I slacked off and didn't do proper research/talk to adviser, I both had a crummy GPA and didn't bother applying to grad school, not realizing that it's pretty much a requirement for BME jobs, though. So I managed to get a biomed TECH job, for a paltry 30k/year. But I lived in a VERY low income area, so had the potential to save money ($400/month apartment, heat included...though that WAS 2004-2006), but just...didn't. Because I was young, so I just spent most of my disposable income on electronics, video games, weekend trips to literately ANYWHERE else since I knew no-one in the tiny town I lived/worked in and was several hours away from any of my friends. I also didn't bother to take advantage of the retirement plan, because I figured I was so young, I didn't need it yet, and I wasn't planning on being at the job for very long. Well...the second part was true, I quit in just a couple years to go to grad school. BIG MISTAKE. I failed to secure funding, because the BME program at the university I went to was so small, so I took out waaaay too many loans. And even though I could have lived with my parents to save money, taken out less loans, and commuted about 40 minutes each way, I decided it was "cooler" to live in a house with a few friends closer to school. I got a job waiting tables part-time to help with bills, but I wasn't able to save anything, especially since my roommates were always late with rent, and it was all in my name and just auto-debited from my account, so I got late fees almost every month. What paltry "savings" I had were pretty much wiped out. Ironically, despite partying pretty much every weekend, I actually had almost a 4.0 GPA my first year. But the second year (well, third semester) kicked my rear end, and I dropped out, but it was so late into the semester I couldn't get back any money. And now it was basically prime time for the economy to tank, so I had no luck getting any job other than to just keep waiting tables, now full-time. I did move back in with my parents after a few more months, and tried to start saving money, but it was hard. My car got totaled (not at all my fault, thank God) and the amount I got from the insurance company barely covered the remaining amount on the loan. I had to rush to get a replacement, so ended up with the lemony-iest of lemons. Almost every month I was paying for something new to get fixed. I eventually went "crawling" back to that same job I left 3 years earlier, though it looked better this time. I wasn't going to be in the middle of nowhere, the salary was higher, and I got work in the largest hospital in the largest city in the region, which is the same city my university was in because, here's the kicker, the university I worked for both times around is the same one I went to grad school at. They have a program where employees got free tuition, but I couldn't have used it while I worked for them the first time because they had me working too far away...I was stationed over 2 hours from the university, and the program had no online classes at all. But I felt that since this time around I was working in the same city as the university, I could slowly start taking some classes and finish the masters, only no...they dicked me around, and even though they said I would travel maybe 10% of the time, it came close to 75%, including a 4 month period that was 100% travel. But at least that time around I DID start contributing to the 403(b). Put in 10%, and then after 3 years, they matched another 10%. I still wasn't saving much, because rent is high in this drat town, and now I had $550 a month in student loan payments from my failed grad school attempt (before grad school, my loans were a paltry $230 a month.) I quit that job after 3.5 years, so I didn't even have very much time to get that "free" money into my retirement account. The entire 3.5 years I was constantly being given more duties, more travel, more responsibility, yet only got one pay increase, just a few months before I quit, from a promotion that they dangled in front of me for over a year. I was jobless for about a month, though because of the paycheck schedule being 2 weeks "behind", and the unused vacation and comp time I had banked, I essentially still got paid my full salary that month, so I didn't have to dip into my (still meager) savings. So now I've been at my current job I was lucky enough to fall into, doing IT network support, for almost two years. Started off making almost 15% more than the previous job, and got a 5% raise about a year in. Started contributing to the 401(k) as soon as I could, which was about 7 months after my hire date (thankfully I was hired at just the right time...enrollment for the 401(k) is in January, but you have to be an employee at least 6 months, and I started in early June...had it been late June or July, I would have had to wait another year to start contributing.) I start off 100% fully vested with giving 9%, and with a company match right off the bat of 5%. I still have that massive student loan monkey on my back, so I still had a hard time saving anything beyond that, though I finally just recently started just automating transfers when my paycheck hits to an online savings account. I put the entirety of my state tax return into it, along with an initial deposit that was made up of a bunch of cash I've had in my Quirky.com account for a while. It's still not a LOT, but it's been open for under a month and I've already got almost $1500 in it, and I'm putting at least $500 a month in. My only debt is my student loans. My car is paid off (no longer that lemon, after that was paid off, I got a slightly nicer (though still used) car, and paid it off in less than 3 years.) And I pay off my CC's in full each month. My GF moved into my apartment about a month ago, so that really helps me save money (that's how I know I can afford at lest $500 a month to save, since that's roughly her share of rent and utilities.) So right now I'm just going to let things sit where they are for a while, see how my finances do with my current savings plan. If it looks like I can still afford to save more, I'll probably open up a Roth IRA and start contributing to that, since I'm 32 and feel I am WAY behind in retirement savings (about 11K from the old job in the 403(b) that I'll probably roll into a traditional IRA soon,) and about 7K at my current job's 401(k).) TL:dr I made dumb mistakes the first few years out of college...and then for a few years more...but am hopefully on track to do well.
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# ? Feb 27, 2015 15:50 |