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darkwasthenight
Jan 7, 2011

GENE TRAITOR

Jastiger posted:

You have to adapt to the economy man, and if you do'nt have a car you're not likely to do well in any kind of professional capacity outside of major metro areas. You just aren't. You can't go in to cover that shift, you can't work OT because you don't have your own wheels, you have to bum rides to go to company functions etc. Its just not doable outside of major urban centers for most people.

If there was a serious movement towards taking public transport seriously then this would be less of an issue. More people using PT would mean that services would be able to run more regularly and go to more places outside of urban centres. You wouldn't have to wait 40 minutes if you miss your bus because they would be able to afford to run every 15 or whatever.

I mean I get your points; I play music (which is it's own spectacular brand of bad with money) and without a car I would seriously struggle to move my gear around, but I also recognise that most of the issues people have with PT would not be an issue in a culture where it was the norm. The services would be better funded, able to cover more areas, there would be less traffic on the roads and people would probably be more accepting of you being ten minutes late because they get on the bus same as you do and it happens sometimes. There's no reason to think that if PT was the majority form of transport it would still be clunky greyhounds and trains only on the hour.

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darkwasthenight
Jan 7, 2011

GENE TRAITOR

egoslicer posted:

http://www.buzzfeed.com/sapna/how-to-run-out-of-cash-while-owning-half-of-american-apparel

This guy who was making 800k a year is now couchsurfing. Also he owns half a company worth 200 mil, but he's down to his "last" 100k.

The AA guy is notoriously scummy. Most famously jacked off several times in front of a reporter during interviews and has multiple sexual harassment cases against him. No wonder they won't let him near the money anymore.

darkwasthenight
Jan 7, 2011

GENE TRAITOR

OldMemes posted:

Then they all put the money they made doing music in offshore tax havens, so the UK government didn't get a penny back!

The UK is not a socialist paradise - you get the dole to stop you starving. If you say "I'm not going to bother to get a job because my band will take off!" rather than "I have a band in my spare time" then EVERYONE will hate you here, reagrdless of class or background. I'm not sure whoever came up with that idea has ever been to the UK.

While everything you said is true so is the dole-artists thing. I know at least four or five in my small town alone who openly spent the eighties claiming while working on their art and music. Yes everyone hated them, no they didn't give a poo poo because hey free dope money. Nearly everyone else in our pit town was on the dole at the same time anyway.

There was another arts funding initiative in the mid-Thatcher years which basically promised a grand no string attached to anyone with a business proposal. A lot of musicians got their start from that, some you'd recognise like The Specials.

darkwasthenight
Jan 7, 2011

GENE TRAITOR
Speaking as someone who works in libraries and information management, albeit as an unqualified member of staff, STAY THE gently caress AWAY.

It's a dead man's boots industry and rapidly sinking under the weight of cutbacks in a lot of places. Also in the middle of a long transitional period wherein everyone tries to work out what will happen when the core of elderly readers finally dies off, and then what services we will need to be providing to remain on top of the ensuing pile of rubble. I've moved over into corporate records management thanks to an old manager poaching me, it's a bit more stable but gently caress me is it boring.

darkwasthenight
Jan 7, 2011

GENE TRAITOR

pathetic little tramp posted:

It is everything I thought it would be and more

So, over Christmas break I went into a Best Buy to get my mom a chrome cast for her TV for Christmas. At the purchase lane, I was asked If I wanted to set up a Best Buy rewards account. I politely declined, but after the cashier said "Are you sure?...You would save 30% (or some appealing percentage that escapes me now) on your purchase today". So i figured "What the hell, there's no harm in that". So i began entering in my credentials, annual income, address and whatnot. After a few minutes, I start to question how long this is taking and how much info I'm having to enter in multiple times. I was asked to enter my SSN into the keypad and knew something was up. Soon the manager came out and the cashier was grinning at me. I was asked to verify my birth date and the last digits of my SSN again. I was then informed that I had won $2,000 in store credit.

I was in disbelief. I, having just turned 18 a couple of months before Christmas, had never had much financial experience and didn't know what to do with the money. The cashier seemed to be genuinely happy for me and she asked if I wanted to "go back into the store and buy anything else" she also told me "not to go spending all that money too quickly". I just left with what I had bought, and cried out of happiness on the drive home, avoiding going back into the store and making impulse purchases.

So when I got home, I read the terms pamphlet that I was handed when I was informed of my "luck". It seemed to be as good as I was told it was. I tried to double check everything; even the circled "Available Store Credit: $2,000" that the cashier had written on my chrome cast receipt. After making sure I wouldn't have to pay any of it back, I went back to the store a day or two later and picked out a few items in elation. Before purchasing, I spoke to the manager and even asked multiple employees walking around and asked If I would have to pay anything back, ever, ensuring that I would be debt-free.

So over the course of about a month, I spent all $2,000 on a TV, Ipad, PS4/games for my college roomates, and various Christmas present surprises for my friends back home and at college. I was extra careful to make sure I didn't spend a penny more than the $2,000 and I didn't and I was also careful to keep every receipt and the card terms.

During the time of all of these purchases, except the PS4/games, I did not have a physical card and was making these purchases by having the cashier look up my account info via me entering credentials and locating my account.

When my card came in the mail, nearly a month later, I activated it and looked at my account.

I was confused to see that I had a payment due that equated to $2,024 with 27% interest. I didn't know what to do. I'm a college student already struggling to make ends meet financially and I don't know what to do with this exponentially growing problem. I can't deal with this stress in my life right now. I've already dealt with suicide attempts/depression due to the death of a girlfriend and best friend and I don't know how I'm going to get past this. I just don't understand the legality of what they're doing and I don't know where to turn and I don't think I can get legal help to battle this, because I don't know if they technically did anything illegal. They just abused the ignorance of a kid and mislead them. I just don't know how to deal with this and I really need help. I don't want to have to struggle any more with loans and I can't ask my friends to return gifts that I gave them. How can people be so cruel? Cheating people during Christmas I just don't get it. Best Buy is a vile company.

TL;DR: Manipulated by Best Buy into a hole of $2,000 in debt and don't know where to turn.

I think the best option for that poor innocent soul is either joining the armed services or suicide. Either way they are not in a position to make decisions greater than what to eat for dinner at any point in the near future.

Some people are just too sensitive to function on their own in society. I once had two customers come into my library asking for assistance scanning their passports to send to an incredibly sketchy looking financial company via email. Apparently they were offering incredible returns on your initial investment, without ever explaining how or why. They had wired hundreds of pounds each to an address somewhere in China, and their 'account' said they were now worth thousands and doubling weekly! To get their money out they just needed to send scans of their passport, bank and national insurance details and two forms of photo ID...

I spent a long time trying to persuade them it was absolutely a scam but they just weren't able to cope with the idea. Apparently this was the third or fourth time they'd gone through this process with different companies and had never got any money back from it. In the end I refused to scan it and put them in touch with the local credit support agency but loving hell how do these people make it through life? I felt so bad not being able to help them more.

darkwasthenight
Jan 7, 2011

GENE TRAITOR

SkunkDuster posted:

Is joining the military considered to be the second to last resort for people who have hit rock bottom and have nowhere else to go?

If more than about 10% of the stories from the GiP Idiots thread are true, yes. I meant it more in the sense of never having to make a decision about their own lives again.

darkwasthenight
Jan 7, 2011

GENE TRAITOR
I feel like random toddler posting could only improve the overall standard of the forums. We should allow a certain percentage of toddler posts; perhaps offering Slowmo financial advice, E/N relationships, TCC life advice etc.

darkwasthenight
Jan 7, 2011

GENE TRAITOR

Mantle posted:

Lol is this real? What is the story behind it?

E/N poster removed their partial hymen with a pair of scissors. Supplied MS Paint illustrations to demonstrate.

darkwasthenight
Jan 7, 2011

GENE TRAITOR
Honestly didn't think it would get that kind of reaction, I was around for GE Cafe so might have a different bar for horrendous medical confessions in E/N. It really wasn't that bad the way she phrased it, but apologies for the derail.

My friend and bandmate is probably a thread candidate. He inherited 20 grand GBP and blew threw most of it in a year staying at hotels and drinking. He'd go out of town for dinner, spend a couple of hundred a night on food and beer and then book a hotel because he didn't fancy getting the train home. At least he didn't go into debt and had fun, but he could have put it to much better use.

darkwasthenight
Jan 7, 2011

GENE TRAITOR
I donated a bit of spare change during the Japanese Tsunami and haven't heard a peep since apart from a letter about a week afterwards thanking me for donating. Don't know what the difference is there; I was thinking maybe I'm too poor to solicit but there's clearly no such thing.

darkwasthenight
Jan 7, 2011

GENE TRAITOR

Barry posted:

Hey Switchback how about you start your own thread before this gets excessively derailed.

https://www.reddit.com/r/personalfinance/comments/3o3gqg/swirling_in_debt_any_advice_on_how_to_tackle_my/

Hollllyyyyyyyyyyyy poo poo

Bankruptcy or suicide, and I'm not convinced she could afford the bullet right now. $400,000 since March! How do you even manage that?

darkwasthenight
Jan 7, 2011

GENE TRAITOR

pig slut lisa posted:

Didn't some goon have a goldmined thread like 4 years (maybe more, I dunno) about building a houseboat himself and moving onto it?

There was some lunatic in GBS who built a two-story borg cube on a raft thing with a group of friends a few years back. I want to say they were Scandinavian but could be wrong. He'd done some really nice work on it.

darkwasthenight
Jan 7, 2011

GENE TRAITOR
Dear financial advice column, we earn ₤190,000 a year and spunk it up the wall. Please advise.

quote:

By most measures Adam and Megan Brownson would be considered very affluent.

Their respective careers - in management consultancy and personal injury law - give them a joint income of £190,000. The couple also own two properties with a combined value of more than £1m, putting them in the wealthiest 1pc of households in Britain.

But the pair are worried about becoming “financially broken” as the sheer cost of middle-class life in London means they are stretched to the brink. They spend everything they earn – and more.

We own ₤1 million in property and somehow have had to put ₤8,000 onto a credit card to pay for our lifestyles.

quote:

Having both been privately educated themselves, Adam and Megan are keen for the girls to have the same experience, and have signed them up to two private primary schools nearby.

Both have fees of around £4,000 a term, meaning that by the time Emme and Belle are both at school in a few years’ time, they will be spending at least £24,000 on school fees every year.

Hm

quote:

Their dilemma is how to fund the cost of the girls’ education without sacrificing their lifestyle.

candlebudget.jpg

quote:

Megan, who is currently on maternity leave, usually works four days a week but she could increase her salary considerably if she goes back to work full time.

I would say do tha

quote:

With two small children she’s reluctant to do this.

Nevermind

quote:

The couple could, alternatively, sell their buy-to-let to pay the school fees

I would say do th

quote:

but they don't want to miss out if the property rockets in value in the future. They also see it as a long-term nest egg to boost their pension.

Of course you don't. Good job the housing bubble only happened that one time!

quote:

They only have a few hundred pounds in cash savings and have a very limited knowledge of investment - but are willing to take on some risk.

You don't say.

darkwasthenight
Jan 7, 2011

GENE TRAITOR

Golluk posted:

Meh, I suppose I got lucky then. I dabbled in mining for a few days years ago when they were about 7 bucks a coin. Realized at best I was going to make 30 bucks a month, but would cost me 7 bucks to withdraw, and be a pita. So I forgot about it and my 6/10th of a coin.

2-3 years later, and I see in the news about it being up in the 600-800 range. Now it was worth my time. Found what seemed like the most trustworthy, convenient Canadian exchange (CAVirtex). Set up another free checking account to link to the exchange (Didn't trust them with my actual one). I did a test transaction of 1/10 of a coin to the exchange, sold it for CAD, and withdrew it to my checking account. When that was done, I sold the rest, and pocketed $400.00.

My old video card paid for my new video card. Haven't touched butt coins since.

There was a brief period where it was possible to squeak out a bit of cash if you'd been an early adopter and not sunk too much in between buying out. Genuine congratulations on being one of the lucky ones.

darkwasthenight
Jan 7, 2011

GENE TRAITOR

VitalSigns posted:

No, but if this becomes my own bad with money story, I will continue to post for your schadenfreude.

I did just talk him out of joining this MLM Ponzi scheme that his aunt talked him into :unsmith:, but not before he paid $180 for the right to convince other people to pay $180 (plus $50/month) to sell the scam to yet other people :smith:. His aunt sounds like she sucks, and he told me he did start to get suspicious when the first few people turned him down and his aunt said "No don't tell them what it is, just say you're inviting them out for dinner and then take them to the seminar instead". Fortunately when I found this company's income disclosure that admitted 80ish% of their suckers never see a dime, and only 0.06% (yes that is six hundredths of a percent) earn above poverty wages and sent it to him, that convinced him.

Please break up with your sucker boyfriend before he trades your good cow for a packet of magic beans, thanks.

darkwasthenight
Jan 7, 2011

GENE TRAITOR

Monday_ posted:

I live paycheck to paycheck, have no savings whatsoever, a 401k with about 3 grand in it that I don't contribute to anymore, and I'll have to take out a cash advance from my credit card just to pay my rent this month.

But I'm almost definitely gonna buy a $1200 video card for my computer pretty soon.

Welcome home, friend.

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darkwasthenight
Jan 7, 2011

GENE TRAITOR

blugu64 posted:

I want to know more about that Porsche Fish.

That would probably be Bluefin Tuna. There is an auction for the first catch of the season and that can go into 7 figure prices. In US Dollars, not yen.

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