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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Weatherman: Jul 30, 2003; WARBLEKLONK

merge this thread with the zarug disasterpiece, then gas it

:synpa:

# ? Sep 1, 2018 12:50

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# ? Jun 1, 2024 17:02

DarkHorse: Dec 13, 2006; Vroom vroom, BEEP BEEP!; Nap Ghost

Weatherman posted:

merge this thread with the zarug disasterpiece, then gas it

# ? Sep 1, 2018 13:37

Liquid Communism: Mar 9, 2004; коммунизм хранится в яичках

Hoodwinker posted:

I stopped following this thread because I thought I'd accidentally clicked on a college thread that somebody made. Why have we been forsaken of good content?

Also thanks Moneyball for the gangtag change a few days ago.

Post the content you want to see posted, if you don't like what's being discussed.

Meanwhile, in the 'call the cops' files:

quote:

Up until June of this year I was working with my now ex-employer (was supposed to be partner) at a body shop. The agreement was I provide the labor and he provides the capitol. profits split 50/50. I held up my end and worked 14 hours a day sometimes. saved a failing business and acquired contracts that provided steady income. He in turn compensated me by skimming the accounts and claiming we never made any money which lead to a disagreement and I left. The only problem is He never gave me my w-2(or 1099 whichever he claims I have) and now that I am trying to do taxes they are claiming I was paid much more than I actually was. I found out he was writing checks in my name. Cashing those checks and using the money to pay the other employees. ( through a check cashing place that knows us very well which is how I am assuming he was able to cash the checks)

I will greatly appreciate any and all help anyone can give me on this situation. I am fairly young and still learning which is why I was so ignorant to all this. Thank you again.

# ? Sep 1, 2018 14:36

Inept: Jul 8, 2003

https://www.reddit.com/r/personalfinance/comments/9c0ngx/new_college_grad_wanting_to_buy_a_100k_car_but_im/ posted:

New college grad, wanting to buy a ~100k car - but I'm in a very weird financial situation.

To preface this, I came into a significant amount of money from a lawsuit in 2014. I'm trying to comprehend what exactly someone in my position should spend on something like a car.

Once I got the money I paid off all student loans I had, all of my debts, bought a home (bought for 305k, now worth 415k), and met with a financial advisor to put me on a correct path. I currently have a little over $300k in the bank, and I'm making a bit over 20k a year from my investments (around 7%).

My bills:
HOA dues total $360 a month
Property tax is nearing 2500 yearly
Phone bill is $70/month
Car insurance is $120/month
Utilities total $400 a month which is pretty high from what I can tell, but mostly because of some luxuries I like to have.

I just recently graduated college and yesterday received a job offer at 85k to start (software engineering) including a signing bonus. One thing I've always wanted in life was a nice, fast car. I know that's probably a terrible financial decision with how awful depreciation is and whatnot, but I've been severely eyeballing a used P100D for 108k, and after test driving one not too long ago, my mind is telling me to buy it.

So here's my question. How exactly do I distinguish how much money I should spend on a big ticket item when I own outright the other major big ticket item, my house?

For example, the 28% rule on housing and the 15% rule on transportation. Because I own the house outright, is spending up to 43% on transportation a terrible thing? I'd probably just pay in cash instead of financing (even though I'd be well under the 43%) considering I have the means, but is that even an advisable decision barring the whole depreciation thing for someone in my financial situation?

I appreciate any insight, thank you very much.

Yes he has the money to buy it, but it's still real dumb and that's the best kind of BWM because you're making fun of an idiot, not someone about to become homeless.

# ? Sep 1, 2018 16:00

Moneyball: Jul 11, 2005; It's a problem you think we need to explain ourselves.

Alright now please shut the gently caress up about college costs for like a week

# ? Sep 1, 2018 17:10

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

why not buy... an actually interesting car

# ? Sep 1, 2018 17:27

Gabriel Grub: Dec 18, 2004

Moneyball posted:

Alright now please shut the gently caress up about college costs for like a week

This is your fault.

# ? Sep 1, 2018 17:40

Enos Cabell: Nov 3, 2004

KYOON GRIFFEY JR posted:

why not buy... an actually interesting car

Seriously, that's the biggest sin in that post.

# ? Sep 1, 2018 17:50

crazypeltast52: May 5, 2010

Also an i8 has a decent change of being made by a company that still exists in 5 years.

# ? Sep 1, 2018 17:53

crazypeltast52: May 5, 2010

Edit: Double post

# ? Sep 1, 2018 17:53

Krispy Wafer: Jul 26, 2002; I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat; Grimey Drawer

This is going to turn out all fine and dandy:

https://www.washingtonpost.com/nati...m=.082fb6b441c4

Lady runs out of gas and gets helped by a homeless vet, she sets up a GoFundMe for him that nets 400k, and now he's suing her and her boyfriend for the rest of the money they were 'holding' for him in a not sketchy personal account in their own names. It appears about $250k has been spent so far, but the vet spent two bouts in rehab so it's tough to tell if they're stealing from him or if he was sent off to really expensive rehab. They did give him $25k in cash that he spent in 13 days on a lot of drugs. So cool results all around that will probably end with a murder suicide.

Of note, the homeless guy wanted to buy his dream car, a 1999 Ford F150 - and they wouldn't even get that for him. Also if that's his dream car then there's a 100% chance lost his virginity in a 1999 Ford F150.

# ? Sep 1, 2018 18:02

TraderStav: May 19, 2006; It feels like I was standing my entire life and I just sat down

Krispy Wafer posted:

This is going to turn out all fine and dandy:

https://www.washingtonpost.com/nati...m=.082fb6b441c4

Lady runs out of gas and gets helped by a homeless vet, she sets up a GoFundMe for him that nets 400k, and now he's suing her and her boyfriend for the rest of the money they were 'holding' for him in a not sketchy personal account in their own names. It appears about $250k has been spent so far, but the vet spent two bouts in rehab so it's tough to tell if they're stealing from him or if he was sent off to really expensive rehab. They did give him $25k in cash that he spent in 13 days on a lot of drugs. So cool results all around that will probably end with a murder suicide.

Of note, the homeless guy wanted to buy his dream car, a 1999 Ford F150 - and they wouldn't even get that for him. Also if that's his dream car then there's a 100% chance lost his virginity in a 1999 Ford F150.

Legit wish my dream car can be had for $5K

TraderStav fucked around with this message at 19:01 on Sep 1, 2018

# ? Sep 1, 2018 18:10

Cacafuego: Jul 22, 2007

Krispy Wafer posted:

This is going to turn out all fine and dandy:

https://www.washingtonpost.com/nati...m=.082fb6b441c4

Lady runs out of gas and gets helped by a homeless vet, she sets up a GoFundMe for him that nets 400k, and now he's suing her and her boyfriend for the rest of the money they were 'holding' for him in a not sketchy personal account in their own names. It appears about $250k has been spent so far, but the vet spent two bouts in rehab so it's tough to tell if they're stealing from him or if he was sent off to really expensive rehab. They did give him $25k in cash that he spent in 13 days on a lot of drugs. So cool results all around that will probably end with a murder suicide.

Of note, the homeless guy wanted to buy his dream car, a 1999 Ford F150 - and they wouldn't even get that for him. Also if that's his dream car then there's a 100% chance lost his virginity in a 1999 Ford F150.

Wasn�t that posted in here like a week ago, or am I having deja vu again?

# ? Sep 1, 2018 18:48

balancedbias: May 2, 2009; $$$$$$$$$

Krispy Wafer posted:

This is going to turn out all fine and dandy:

https://www.washingtonpost.com/nati...m=.082fb6b441c4

Lady runs out of gas and gets helped by a homeless vet, she sets up a GoFundMe for him that nets 400k, and now he's suing her and her boyfriend for the rest of the money they were 'holding' for him in a not sketchy personal account in their own names. It appears about $250k has been spent so far, but the vet spent two bouts in rehab so it's tough to tell if they're stealing from him or if he was sent off to really expensive rehab. They did give him $25k in cash that he spent in 13 days on a lot of drugs. So cool results all around that will probably end with a murder suicide.

Of note, the homeless guy wanted to buy his dream car, a 1999 Ford F150 - and they wouldn't even get that for him. Also if that's his dream car then there's a 100% chance lost his virginity in a 1999 Ford F150.

Murder-suicide is a bit much; the homeless guy will probably just overdose and die. I�m more impressed with raising that much in a GoFundMe effort for a random stranger doing a nice thing.

# ? Sep 1, 2018 19:50

Krispy Wafer: Jul 26, 2002; I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat; Grimey Drawer

I think there may be some pretty serious tax implications from all this. GoFundMe will send you out a 1099-K and it's possible to transfer that (and it's liability) to another party, but that might be tough to do if you've spent any of the money.

A lawyer really should have been hired.

# ? Sep 1, 2018 20:03

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

Cacafuego posted:

Wasn�t that posted in here like a week ago, or am I having deja vu again?

It's a story update from "we never said we'd give him the money, he'd just OD on drugs if we gave it to him. We said we'd buy him a car and get him a place to rent" to "we spent it lol".

# ? Sep 1, 2018 21:07

Vox Nihili: May 28, 2008

Krispy Wafer posted:

This is going to turn out all fine and dandy:

https://www.washingtonpost.com/nati...m=.082fb6b441c4

Lady runs out of gas and gets helped by a homeless vet, she sets up a GoFundMe for him that nets 400k, and now he's suing her and her boyfriend for the rest of the money they were 'holding' for him in a not sketchy personal account in their own names. It appears about $250k has been spent so far, but the vet spent two bouts in rehab so it's tough to tell if they're stealing from him or if he was sent off to really expensive rehab. They did give him $25k in cash that he spent in 13 days on a lot of drugs. So cool results all around that will probably end with a murder suicide.

Of note, the homeless guy wanted to buy his dream car, a 1999 Ford F150 - and they wouldn't even get that for him. Also if that's his dream car then there's a 100% chance lost his virginity in a 1999 Ford F150.

The woman and her boyfriend belong in jail.

# ? Sep 1, 2018 21:22

SiGmA_X: May 3, 2004; SiGmA_X

Cacafuego posted:

Wasn�t that posted in here like a week ago, or am I having deja vu again?

I didn't see it here - but maybe I scrolled past it with all the loving college chat. You probably read it in the Post like I did, you socialist Nazi.

Liquid Communism posted:

Meanwhile, in the 'call the cops' files:

Oi, POST LINKS TO THE THREADS!!

Holy gently caress that sounds like a dumpsterfire.

quote:

Need help budgeting my life
https://www.reddit.com/r/personalfinance/comments/9c5ryt/need_help_budgeting_my_life/

Hello all,

I�m in desperate need of budgeting help - first I�ll start with background info on my situation. I�m in my early twenties, and am currently making about 66k a year in FL. I live in a house where bass rent without conservice fees is $1350, with utilities being around $200 a month. I have a basic phone plan of $80/mo, and have cut down on my spending on food, making it close to $150 a month.

I�m currently living with my boyfriend who is unable to contribute as much as originally planned due to frequent unemployment. Additionally, I owe about $40,000 in student loans which are entering repayment, as well as a $400 car note monthly.

I�m struggling to balance out everything and be able to live comfortably - the last thing I want to do is feel like I�m slaving away at work, with virtually no take home. Is this lifestyle even possible for me to sustain? Honestly I feel extremely overwhelmed by the entire situation, and with little financial support from my boyfriend, all the burden weighs on me.

If anyone has a plan or even simple suggestions for me I�d be extremely grateful. The stress of everything is definitely taking its toll.

Sounds like she identified the issue!

# ? Sep 1, 2018 21:25

evobatman: Jul 30, 2006; it means nothing, but says everything!; Pillbug

EAT FASTER!!!!!! posted:

Great name change lol,

also 1) because we are paid monthly and 2) the Labor Day holiday ends the month the payroll office stated that paychecks won't be deposited until Tuesday, 9/4 and people are losing their drat minds.

This tangentially highlights a BWM phenomenon that has been boggling my mind: Americans who can't reconcile biweekly paychecks with monthly expenses. They go "I get three paychecks this month!" and then don't understand why they suddenly don't have any money.

# ? Sep 1, 2018 21:46

Moneyball: Jul 11, 2005; It's a problem you think we need to explain ourselves.

evobatman posted:

This tangentially highlights a BWM phenomenon that has been boggling my mind: Americans who can't reconcile biweekly paychecks with monthly expenses. They go "I get three paychecks this month!" and then don't understand why they suddenly don't have any money.

If they had just done a little overtime, maybe they could have made up for that, but nooooo that would put them in a higher tax bracket.

# ? Sep 1, 2018 23:35

22 Eargesplitten: Oct 10, 2010

Florida woman could actually be okay on those numbers even with an unemployed boyfriend, assuming she doesn�t have a candle habit or lots of medical expenses. I really wonder what kind of place has a rent Ike that in FL unless she�s in a nice part of Miami or something. That�s like a pretty nice house in a lot of FL.

# ? Sep 1, 2018 23:55

19 o'clock: Sep 9, 2004; Excelsior!!!

22 Eargesplitten posted:

Florida woman could actually be okay on those numbers even with an unemployed boyfriend, assuming she doesn�t have a candle habit or lots of medical expenses. I really wonder what kind of place has a rent Ike that in FL unless she�s in a nice part of Miami or something. That�s like a pretty nice house in a lot of FL.

Totally. Especially if her boyfriend mustered the courage to make ~1k a month take home that would easily take the edge off.

# ? Sep 2, 2018 00:34

TraderStav: May 19, 2006; It feels like I was standing my entire life and I just sat down

I bet he has a nice truck.

# ? Sep 2, 2018 02:30

Hoodwinker: Nov 7, 2005

Presented without comment:
Stocks Versus Sports Betting

quote:

Which one of these will provide me with greater success? I know that many people say that stocks are safer than sports betting but i know a lot more about sports than stocks.

OP comment reply posted:

Do you think that sports betting isn't something that is safe to do?

Hoodwinker fucked around with this message at 02:50 on Sep 2, 2018

# ? Sep 2, 2018 02:47

Devonaut: Jul 10, 2001; Devoted Astronaut

Is there an index fund for sports betting that just consistently loses the house edge? Sign me up!

# ? Sep 2, 2018 02:48

uvar: Jul 25, 2011; Avoid breathing
radioactive dust.; College Slice

Devonaut posted:

Is there an index fund for sports betting that just consistently loses the house edge? Sign me up!

Lottery syndicates?

# ? Sep 2, 2018 03:35

Blinkman987: Jul 10, 2008; Gender roles guilt me into being fat.

The fun of being a professional sports bettor is that you can't live in the United States so start looking up places in the Caribbean.

# ? Sep 2, 2018 08:12

Elephanthead: Sep 11, 2008; Toilet Rascal

Is being a bookie bad with money?

# ? Sep 2, 2018 09:42

Duckman2008: Jan 6, 2010; TFW you see Flyers goaltending.; Grimey Drawer

Blinkman987 posted:

The fun of being a professional sports bettor is that you can't live in the United States so start looking up places in the Caribbean.

Isn�t this changing? New Jersey for one is going all in on sports gambling, I think it�s now state by state for approval.

Not saying many people can be a professional gambler. Just the legality.

# ? Sep 2, 2018 13:16

Cacafuego: Jul 22, 2007

22 Eargesplitten posted:

Florida woman could actually be okay on those numbers even with an unemployed boyfriend, assuming she doesn�t have a candle habit or lots of medical expenses. I really wonder what kind of place has a rent Ike that in FL unless she�s in a nice part of Miami or something. That�s like a pretty nice house in a lot of FL.

Orlando rental rates for a one bedroom in safe part of town can reach $1350. You would be extremely lucky to get a 2bedroom for that price. Houses are way more than that. Miami is high as well and I don�t know about Tampa. Orlando home prices and rental rates have soared in the last 5 years or so. We had a friend that lived in a studio downtown that was paying $1750/mo a couple years ago and it�s only gone up from there.

# ? Sep 2, 2018 14:10

Oil!: Nov 5, 2008; Der's e'rl in dem der hills!; Ham Wrangler

Devonaut posted:

Is there an index fund for sports betting that just consistently loses the house edge? Sign me up!

There are professional sports bettors that make money, but it is mostly exploiting differences between betting houses and oversights (that are quickly corrected) like out of contention teams in the NBA not playing defense so players can pad their stats in contract years.

# ? Sep 2, 2018 15:47

22 Eargesplitten: Oct 10, 2010

Duckman2008 posted:

Isn�t this changing? New Jersey for one is going all in on sports gambling, I think it�s now state by state for approval.

Not saying many people can be a professional gambler. Just the legality.

Of course it's New Jersey.

# ? Sep 2, 2018 17:15

22 Eargesplitten: Oct 10, 2010

E: how did that double post happen?

# ? Sep 2, 2018 17:42

Ixian: Oct 9, 2001; Many machines on Ix....new machines; Pillbug

Hoodwinker posted:

Presented without comment:
Stocks Versus Sports Betting

If he counts horse races as sports betting he'll score a BWM thread hat trick!

# ? Sep 2, 2018 17:50

the talent deficit: Dec 20, 2003; self-deprecation is a very british trait, and problems can arise when the british attempt to do so with a foreign culture

KYOON GRIFFEY JR posted:

people who aren't anesthesiologists work at hospitals too

it's definitely the doctors raging the hardest tho

# ? Sep 2, 2018 23:18

Blinkman987: Jul 10, 2008; Gender roles guilt me into being fat.

Duckman2008 posted:

Isn�t this changing? New Jersey for one is going all in on sports gambling, I think it�s now state by state for approval.

Not saying many people can be a professional gambler. Just the legality.

In that case it probably depends on with whom you�re betting and if they�re able to operate in the US. Just guessing here, but unless those sites are both going to be competitive with sites like Pinnacle in terms of vig and will actually let winners play, then the bettor still would still need to live abroad.

Blinkman987 fucked around with this message at 16:27 on Sep 3, 2018

# ? Sep 3, 2018 06:28

Volmarias: Dec 31, 2002; EMAIL... THE INTERNET... SEARCH ENGINES...

Cacafuego posted:

Orlando rental rates for a one bedroom in safe part of town can reach $1350. You would be extremely lucky to get a 2bedroom for that price. Houses are way more than that. Miami is high as well and I don’t know about Tampa. Orlando home prices and rental rates have soared in the last 5 years or so. We had a friend that lived in a studio downtown that was paying $1750/mo a couple years ago and it’s only gone up from there.

[laughs in Manhattan]

# ? Sep 3, 2018 12:12