Bad With Money 2018: When I die, bury me in the blockchain.

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Bad With Money 2018: When I die, bury me in the blockchain.

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Dwight Eisenhower: Jan 24, 2006; Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.

Honestly as an employer a personal financially illiterate slob who can do their professional responsibilities well is a boon compared to an employee with better personal finance skills, ceteris paribus.

The financially illiterate employee will be less likely to demand a raise, less likely to find another job, less likely to talk about their compensation with their coworkers, less likely to partake in a 401k match, less likely to incur costs related to their benefits, less likely to ask for bonuses to cover tax liability, and more likely to accept a lower salary.

FICA taxes are a percentage of employee income, so an employee who accepts lower wages will also reduce your fraction of the tax burden.

They're more likely to be a stable employee because they're both less likely to retire and less likely to create the financial cushion to begin operating independently.

They might get themselves into a financial hole, but you're already underpaying them, so you can give them a one-time bonus that still keeps their total cost of employment less than that of their financially savvy peers, and get a huge chunk of gratitude, loyalty, and attrition mitigation in return.

Short of gross financial incompetence that reflects in their professional responsibilities as well, why would you ever want a financially literate employee over a divorced single mom with a horse mortgage so little Skylar can participate in the State horse-cheerleading finals?

# ? Apr 25, 2018 21:05

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# ? May 28, 2024 10:06

Motronic: Nov 6, 2009

I encourage all of my employees to buy a new house and a nice car because they deserve it.

# ? Apr 25, 2018 21:09

howdoesishotweb: Nov 21, 2002

Leon Trotsky 2012 posted:

But what do we do once all the doctors are unemployed?

They will be replaced with cheaper BWM nurse practitioners. Instead of Maseratis and McMansions you�ll have entry level Mercedes and over-optioned Ryan homes. Dull BWM in medicine, indeed.

# ? Apr 25, 2018 21:32

Motronic: Nov 6, 2009

Lowering APR on a newer car purchase?

https://www.reddit.com/r/personalfinance/comments/8ewy7w/lowering_apr_on_a_newer_car_purchase/

quote:

I've been trying to rebuild my credit, and I've managed to get it in the "Okay" range.

I got a secured credit card and have been paying that down to $0 religiously, and I wanted to do a bit more so I traded in my old car and got a used car.

Thing is, I got reamed on my APR at the car lot (36% at a buy here, pay here place), and I was okay with it because I figured it would help build my credit score. Turns out, the lot I bought my car through doesn't report payments or anything, so I'm just paying out the nose with no credit benefit.

Is there a reputable site online I can use to try and refinance my loan through that lot (my current balance is $6100, down from $8900, 36% APR, had the car for about 2 months) that will lower my APR and help boost my credit score for making consistent, timely payments?

Hopefully this made sense. Just trying to get my life and credit back on track, so figured I'd ask the community for advice. Thanks!

# ? Apr 25, 2018 21:50

Inept: Jul 8, 2003

Dwight Eisenhower posted:

why would you ever want a financially literate employee over a divorced single mom with a horse mortgage so little Skylar can participate in the State horse-cheerleading finals?

Some employers look at credit history for jobs where they may have access to sensitive information, as they are more easily bribed if they need money.

# ? Apr 25, 2018 21:52

Hoodwinker: Nov 7, 2005

Inept posted:

Some employers look at credit history for jobs where they may have access to sensitive information, as they are more easily bribed if they need money.

One of the Marine Corps annual training courses covers this topic - including examples with various types of ways people can show signs of being compromise-able. It's a thing. Included among the cautionary markers for vulnerable individuals were people who had gambling debts, who were going through divorces, and people with expensive cars (remember we're talking about government salaries here).

# ? Apr 25, 2018 21:58

Spokes: Jan 9, 2010; Thanks for a MONSTER of an avatar, Awful Survivor Mods!

Hoodwinker posted:

One of the Marine Corps annual training courses covers this topic - including examples with various types of ways people can show signs of being compromise-able. It's a thing. Included among the cautionary markers for vulnerable individuals were people who had gambling debts, who were going through divorces, and people with expensive cars (remember we're talking about government salaries here).

Yeah, this is a big reason for security clearances getting denied as well.

# ? Apr 25, 2018 22:05

crazysim: May 23, 2004; I AM SOOOOO GAY

Is it that time again we post the link to the rulings again?

http://ogc.osd.mil/doha/industrial/2018.html

# ? Apr 25, 2018 22:16

Haifisch: Nov 13, 2010; Objection! I object! That was... objectionable!; Taco Defender

Hoodwinker posted:

Marine Corps

quote:

people with expensive cars

I spotted a little problem there...

(I'm assuming marines have the same problem as other military branches when it comes to young dumb recruits buying expensive poo poo from predatory dealers)

# ? Apr 25, 2018 22:18

Hoodwinker: Nov 7, 2005

crazysim posted:

Is it that time again we post the link to the rulings again?

http://ogc.osd.mil/doha/industrial/2018.html

quote:

Case Number: 15-08908.a1
Guideline F
03/26/2018

At the hearing, Applicant testified that he had not paid his taxes as a 1099 employee because �he did not understand that he would have to pay his taxes on his income.� He also testified that he kept the funds that he should have paid in taxes in order to address other expenses. Adverse decision affirmed. CASE NO: 15-08908.a1

God bless America.

Haifisch posted:

I spotted a little problem there...

(I'm assuming marines have the same problem as other military branches when it comes to young dumb recruits buying expensive poo poo from predatory dealers)

It's not like Marine Corps bases are known to be surrounded by predatory lenders and used car lots or anything.

# ? Apr 25, 2018 22:19

22 Eargesplitten: Oct 10, 2010

Fitting. Marine bases are known to be filled with predators too.

# ? Apr 25, 2018 22:22

Hoodwinker: Nov 7, 2005

22 Eargesplitten posted:

Fitting. Marine bases are known to be filled with predators too.

There's a reason we sat through a SAPR course at least once, sometimes twice a year.

# ? Apr 25, 2018 22:23

Harry: Jun 13, 2003; I do solemnly swear that in the year 2015 I will theorycraft my wallet as well as my WoW

quote:

Case Number: 16-01492.a1
Guideline F; Guideline G; Guideline J
03/20/2018

The Judge stated that Applicant was a problem drinker who exercised poor judgment while under the influence of alcohol. He stated that Applicant�s separate incidents of DUI cannot be viewed in isolation because they appear to be part of a larger pattern of drinking and driving. Adverse decision affirmed. CASE NO: 16-01492.a1

This guy somehow got two DUI counts for one stop. Did he try to flee on foot and jump in another car?

# ? Apr 25, 2018 22:24

Hoodwinker: Nov 7, 2005

quote:

Case Number: 16-01726.a1
Guideline F
02/28/2018

The extent to which payments under a payment plan establish an aspect of the mitigating condition depends on the circumstances of a given case. Applicant owes $192,000 to the IRS and $19,000 to his state tax authority. Applicant entered into the payment plan with the IRS in July 2016. The record contains evidence that Applicant made five monthly payments. Applicant is to continue making monthly payments until the debt is resolved, which would occur after about four years of payments. Given other significant financial obligations that Applicant must fulfill, such as child support payments, and a paucity of evidence as to his ordinary expenses that will need to be balanced with his tax payments, Applicant has not established compliance sufficient to meet the Egan standard. Favorable decision reversed. CASE NO: 16-01726.a1

# ? Apr 25, 2018 22:26

Haifisch: Nov 13, 2010; Objection! I object! That was... objectionable!; Taco Defender

quote:

The Judge�s Findings of Fact
Applicant has worked for a Federal contractor since 2011. Applicant disclosed on his
security clearance application (SCA) that he had failed to file and pay Federal taxes for tax years
2010, 2012, and 2013. He also failed to pay Federal taxes for 2014. He had filed his returns by the
time he completed his SCA but had not paid his tax debt. In 2016, the IRS filed a lien against
Applicant in the amount of $192,000.

Applicant attributed his tax problem to a reduction in income for 2011. In that year he took
off two months to address a medical issue, resulting in a diminution in pay.1 As a consequence, he
could not meet recurring obligations, such as his $3,400 per month child support payments. He
stated that his loss of income and his payment of college tuition on behalf of his oldest child
diminished his ability to pay his taxes.

In late 2015, Applicant�s lawyer negotiated a plan to resolve a $19,000 debt to his state tax
authorities. He agreed to pay over $1,000 a month to resolve this debt. In addition, Applicant
reached an agreement with the IRS to pay $1,900 a month, increasing over time as other obligations
such as child support diminish, to discharge his Federal tax obligation. The tax lien will remain in
place until Applicant has satisfied his Federal tax debt. As of December 2016, Applicant was in
compliance with his payment agreement with the IRS. He has maintained his consumer credit
accounts in good standing.

Oops.

e: Beaten, but this has more details so I'm leaving it. :effort:

# ? Apr 25, 2018 22:26

DariusLikewise: Oct 4, 2008; You wore that on Halloween?

Jordan7hm posted:

My gf�s dad has done this. Kind of. He bought out people�s mortgages who wouldn�t have been able to refinance and set them up on a rent to own plan to pay him back. If they don�t pay the rent, he gets the house and all their previous payments. He�s had one person walk away with only a couple years to go. He might have a second one doing the same. It�s hosed up and seems super dubious but it�s all legal and above board.

E: for his bad with money, he�s a scammer and literally always living on the edge of his finances. Has bought and sold businesses and building for millions,will likely die penniless.

This owns, BWM people scamming BWM people.

I ended up selling for the record, trying to watch over a rental when I live 2 hours away sounded like a nightmare and I had to cash in my equity.

Inept posted:

Some employers look at credit history for jobs where they may have access to sensitive information, as they are more easily bribed if they need money.

My mom's work has US defense contracts and they background check everyone's financial info as part of doing any work associated with those contracts.

# ? Apr 25, 2018 22:35

Cacafuego: Jul 22, 2007

Hoodwinker posted:

One of the Marine Corps annual training courses covers this topic - including examples with various types of ways people can show signs of being compromise-able. It's a thing. Included among the cautionary markers for vulnerable individuals were people who had gambling debts, who were going through divorces, and people with expensive cars (remember we're talking about government salaries here).

It�s good we hold the military to these standards, but don�t hold our elected officials to them.

# ? Apr 25, 2018 22:51

Hoodwinker: Nov 7, 2005

Cacafuego posted:

It�s good we hold the military to these standards, but don�t hold our elected officials to them.

Yup, the lance corporal who handles the filing of paperwork on servicemember dependents is held to a higher standard than the president of the United States of America with regards to security clearance. That is a real thing.

# ? Apr 25, 2018 22:55

Panfilo: Aug 27, 2011; EXISTENCE IS PAIN😬

DariusLikewise posted:

This owns, BWM people scamming BWM people.

I ended up selling for the record, trying to watch over a rental when I live 2 hours away sounded like a nightmare and I had to cash in my equity.

You could always hire a property manager. My mom did, and it saved her a lot of grief over the years.

# ? Apr 25, 2018 23:29

JUST MAKING CHILI: Feb 14, 2008

Papa John Misty posted:

SloMo was an Actuary but acted like he ran a hedge fund

Was is the right verb tense. I doubt he still is, after failing to pass some actuarial exams multiple times.

# ? Apr 25, 2018 23:44

22 Eargesplitten: Oct 10, 2010

BWM: a manager on a project costing tens to possibly a hundred million dollars saying they don�t need to get a W9 or issue a 1099 for someone getting paid tens of thousands because they�re paying by cash or credit card.

# ? Apr 25, 2018 23:46

Motronic: Nov 6, 2009

Haifisch posted:

I spotted a little problem there...

(I'm assuming marines have the same problem as other military branches when it comes to young dumb recruits buying expensive poo poo from predatory dealers)

Yes, marine bases are surrounded by buy here pay here dealerships, payday loan places, pawn shops, tattoo parlors and strip clubs, just like every other branch.

# ? Apr 26, 2018 02:40

Hoodwinker: Nov 7, 2005

Motronic posted:

Yes, marine bases are surrounded by buy here pay here dealerships, payday loan places, pawn shops, tattoo parlors and strip clubs, just like every other branch.

I did go to a Hooters once. I guess that's still technically in the same wheelhouse.

# ? Apr 26, 2018 03:20

AreWeDrunkYet: Jul 8, 2006

Inept posted:

Some employers look at credit history for jobs where they may have access to sensitive information, as they are more easily bribed if they need money.

Sure, but they're screening for people who are trying to dodge debt or are at risk for insolvency. Someone with a mortgage, car payments, student loans, and credit cards to the point that they can't save may have excellent credit on paper and wouldn't be considered a security risk. But that person is also a lot less likely to push back against management at work than someone who has the financial cushion to be assertive.

Working with someone who's independently wealthy but wants to get out of the house can be good fun.

# ? Apr 26, 2018 03:44

Devonaut: Jul 10, 2001; Devoted Astronaut

Found a great opportunity to "invest" in FOREX by giving some guy your money and he trades in FOREX and if he makes money then he shares some of the gains with you, and if not well heck he doesn't even charge you any fees! (except 2% per year) Also something something artificial intelligence!

http://freemancapital.co/what-we-offer

# ? Apr 26, 2018 18:47

Elephanthead: Sep 11, 2008; Toilet Rascal

Devonaut posted:

Found a great opportunity to "invest" in FOREX by giving some guy your money and he trades in FOREX and if he makes money then he shares some of the gains with you, and if not well heck he doesn't even charge you any fees! (except 2% per year) Also something something artificial intelligence!

http://freemancapital.co/what-we-offer

Isn't it illegal to offer this to the general public? I feel like the SEC rules are being ignored. Whatever I am in for the $2,000 gamboltron highest risk account. Can't wait till I am rich!

# ? Apr 26, 2018 20:19

last laugh: Feb 11, 2004; NOOOTHING!

JUST MAKING CHILI posted:

Was is the right verb tense. I doubt he still is, after failing to pass some actuarial exams multiple times.

the average pass rate for upper level actuarial exams in like 40% -- so failing (even failing a lot) is not considered that detrimental to your career. Also most actuaries are opposite BWM driving a 20 year old rusted out car on its last legs through a blizzard in Des Moines while earning 6 figures (VERY RICH -- GUILLOTINE RICH).

# ? Apr 27, 2018 00:23

Proposition Castle: Aug 9, 2004; Witty message goes here.

Devonaut posted:

Found a great opportunity to "invest" in FOREX by giving some guy your money and he trades in FOREX and if he makes money then he shares some of the gains with you, and if not well heck he doesn't even charge you any fees! (except 2% per year) Also something something artificial intelligence!

http://freemancapital.co/what-we-offer

I'm the orange TULSA header.

# ? Apr 27, 2018 03:34

Loan Dusty Road: Feb 27, 2007

Devonaut posted:

Found a great opportunity to "invest" in FOREX by giving some guy your money and he trades in FOREX and if he makes money then he shares some of the gains with you, and if not well heck he doesn't even charge you any fees! (except 2% per year) Also something something artificial intelligence!

http://freemancapital.co/what-we-offer

Do they take credit cards? Don't tell :zaurg:

# ? Apr 27, 2018 06:04

Spokes: Jan 9, 2010; Thanks for a MONSTER of an avatar, Awful Survivor Mods!

Dustoph posted:

Do they take credit cards? Don't tell

i'm 99% sure his father is already doing exactly this

# ? Apr 27, 2018 06:28

n8r: Jul 3, 2003; I helped Lowtax become a cyborg and all I got was this lousy avatar

Devonaut posted:

Found a great opportunity to "invest" in FOREX by giving some guy your money and he trades in FOREX and if he makes money then he shares some of the gains with you, and if not well heck he doesn't even charge you any fees! (except 2% per year) Also something something artificial intelligence!

http://freemancapital.co/what-we-offer

I like how the jobs are 'equity based'. Someone should apply and get in on some of that sweet sweet equity.

# ? Apr 27, 2018 06:36

Loan Dusty Road: Feb 27, 2007

Spokes posted:

i'm 99% sure his father is already doing exactly this

Then why was everyone on his rear end about retirement? He's set!

# ? Apr 27, 2018 06:54

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

This feels a little bit like I'm ranting about "those darn SJWs" or "kids these days," but yesterday we had an applicant show up for an interview who listed their gender on their resume.

It looked like this:

quote:

Sarah Fakename
Cisgendered Female, prefers "her" and "she," and presents as female.
111 Fake Street
Home #: 555-555-5555
Cell#: 555-555-5555

Her biggest offense in my mind is that she had a two-page resume with a 3/4 of a page "goal statement" on the first page.

# ? Apr 27, 2018 13:14

Subjunctive: Sep 12, 2006; ✨sparkle and shine✨

Leon Trotsky 2012 posted:

This feels a little bit like I'm ranting about "those darn SJWs" or "kids these days,"

Yeah, you are.

# ? Apr 27, 2018 13:16

KYOON GRIFFEY JR: Apr 12, 2010; Runner-up, TRP Sack Race 2021/22

I've seen people include pronouns in their email signature recently, which I think is fine. I'm not sure you need to tell people that you're cis and present as your birth gender, doesn't that kind of defeat the overall purpose of normalization of including pronouns?

edit: I have an ambiguous name and people misgender me extremely frequently if they've not met me in person, so I can see the utility but usually I just don't care if people do

# ? Apr 27, 2018 13:26

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

Subjunctive posted:

Yeah, you are.

I have no issues with people being upfront about that, but it seems weird to put it on a resume. Especially if you are a cis white girl.

I would feel incredibly uncomfortable as a cis dude introducing myself in a professional environment "Hi, I'm Leon. I'm a cisgendered male, you can refer to me as "he" or "him," and I look like a male. I have Ashkenazi Jewish ancestry, but I present as white. I'm also strong with the Microsoft Office suite of products."

# ? Apr 27, 2018 14:03

Midjack: Dec 24, 2007

It doesn't seem to be terribly BWM either way.

# ? Apr 27, 2018 14:07

epic bird guy: Dec 9, 2014

Leon Trotsky 2012 posted:

Her biggest offense in my mind is that she had a two-page resume with a 3/4 of a page "goal statement" on the first page.

Don't care about the pronouns thing but this is ridiculous.

# ? Apr 27, 2018 14:08

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

Midjack posted:

It doesn't seem to be terribly BWM either way.

That's mostly true. I could see it hurting job chances at some places compared to using the standard resume information, though.

One guy interviewed yesterday who was BWM:

(Important context: This is for an entry-level CSR job that pays ~$30k per year.)

- He must have read some negotiating or self-help book before the interview, because he kept pulling weird "power moves" that no normal human being would ever do and acting like he really didn't want to job, but we could maybe get lucky and snag him if we raised the salary by 20%.

- We told him that these salaries are set by the government and his offer was 85% of mid-point, which is the highest we could offer without getting a waiver.

- He said, "Okay, I know my worth. Who should I talk to about getting a waiver? Because I don't want to waste anyone's time. I want to make sure that this is going to be a good get for all parties."

- We said that the Governor has to approve salary increases above the normal limit, but that he does not get involved for positions like this.

- The guy asked if he could get the Governor's email or phone number to talk to him and let him know the situation.

- We said no, but if he is chosen, then he could send an appeal to his manager and see about getting a waiver process started.

He did not get chosen. He probably was going to get hired before the interview, though.

epic bird guy posted:

Don't care about the pronouns thing but this is ridiculous.

It was for an entry-level CSR position. She spent 3/4 of a page talking about her goals of "Helping people address their problems, complaints, and any other issue that may arrive in a courteous, quick, and respectful manner. My biggest goal is to be a team player and a cheerleader for the agency." but reworded and repeated over and over to fill almost an entire page.

WHY does anyone think we want to read that or that it will impact your ability to get a CSR job?

Leon Trotsky 2012 fucked around with this message at 14:21 on Apr 27, 2018

# ? Apr 27, 2018 14:17

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# ? May 28, 2024 10:06

Subjunctive: Sep 12, 2006; ✨sparkle and shine✨

Punishing someone for negotiating hard sucks. The power imbalance when interviewing is so massive that candidates need to do everything they can to look out for themselves.

Also, I bet it's not hard to find an email address (ostensibly) for the governor!

# ? Apr 27, 2018 14:21

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Bad With Money 2018: When I die, bury me in the blockchain.

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