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Another Trump and BWM thread topic collision. https://twitter.com/ivankatrump/status/715648874346520576?lang=en
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May 20, 2017 02:21
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Krispy Kareem posted:Um... Ivanka Trump is one of the few people I could imagine legitimately using and enjoying a $699 juicer that requires WiFi and a $40 a week DRM-locked juice bag subscription service.
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May 20, 2017 03:09
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BW(Parents')Money: https://www.linkedin.com/pulse/valedictorian-university-maryland-drops-out-school-two-managadze I was going to bold a bunch of passages in the letter he wrote, but just read it. It's long, but holy poo poo this kid has a terminal combination of dumb and smug. (My favorite part is when he asks his parents to not be mad at him for dropping out after they paid all of his tuition because he needs a place to live while he looks for investors for his startup.) Make sure to click his Youtube link to a video of him rapping about entrepreneurship. quote:The 2017 Valedictorian of University of Maryland drops out of school two weeks before graduation
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May 22, 2017 03:19
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Acebuckeye13 posted:What the gently caress did I just read What happens when Silicon Valley worship, multiple personality disorders, and cocaine are thrown in a blender together.
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May 22, 2017 03:29
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Krispy Kareem posted:That family I mentioned before's oldest daughter let some random guy use her Uber account, which resulted in $150 in charges that overdrew her parents' account. The kid was 15 years old and that's the first time she realized her parents had no money. Like a real-life melodramatic over the top "you mean we're poor!?!!" moment. Maybe this is me being an old man yelling at clouds, but why would you let your 15-year old have an Uber account, let alone one linked to your bank account, and where is a 15-year old taking Uber for $150?
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May 24, 2017 18:34
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By getting in the ground floor of the exciting business opportunity, her 15-year old sister will be able to retire at 19. This could be you! Inbox me for details! quote:My Mom [46F] wants to sign me [25F] for her MLM company, threw a fit
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May 24, 2017 20:30
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The Inherited IRA guy is painfully dumb and is getting taken advantage of because he is a man-baby. He is turning 27, is starting his first job (24 hours a week), and is signing the money over to him mom because: - She will take away his credit card and he doesn't want to apply for one in his name. - She will let him move with her to the house she bought and charge him $600 a month for rent. He could get his own apartment and pay $600 in rent, but that would require finding one and getting a lease. That could be hard because he just started his job. He could also move in with a friend, but then he would have to figure out a way to get to work after his mom took the car away. It's much easier to just keep doing what he's doing because if he loses his job, then he can fallback to doing what he has been doing for the past 5 years. He's literally giving up 60k, that his father specifically left for him, for the privilege of being able to pay rent to his abusive mom because he is completely helpless.
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May 30, 2017 21:05
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Inept posted:Yeah it's almost like abuse fucks with people or something Agreed on that, but he says that she was not like this until he moved his girlfriend in (7 months ago) and it escalated once the money came into his possession (a month ago). He was still a helpless man-baby before. Like, even if you hadn't worked for the last 5-years you should at least have your own debit card at 27.
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May 30, 2017 21:17
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curufinor posted:I thought "on a freemium app" meant, "creating the app" Is he at least the king now?
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May 31, 2017 13:35
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My boss (makes approximately 104k per year) is currently complaining to her personal assistant (makes about 32k per year) that she is having a fight with her ex-husband (who she lives with to "stay together for the kid") about money. She bought her daughter American Girl Doll pajamas - these are pajamas for her doll - for $240 and her ex-husband won't pay for half of the cost and wants to get her something different from him. She is also fighting with him about cosigning for a personal loan for 20k to pay for the following for her daughter: - 1 hour of private tumbling instruction a week - Membership fee for a traveling tumbling/cheerleading team - Uniforms and time with a professional choreographer (these are apparently required as part of the team) - Travel expenses for the tumbling team - Multiple pairs (for backups) of some kind of special cheerleading/tumbling shoe that apparently costs several hundred dollars. Her daughter is 4-years old.
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May 31, 2017 21:11
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She's now complaining that she is very upset that the tumbling team, choreographer, and personal tumbling instructor all require cash or check and won't take a credit card. She wants her ex-husband to cosign the loan because she can't get a personal loan (even with 104k a year in income) because she has too much current debt. Told her personal assistant (32k per year) that you can't have kids and live on her (104k) salary. *HER DAUGHTER IS 4* Who is going to a traveling tumbling/cheerleading competition (the team goes to meets once a month all over the country and travel expenses are part of the dues upfront) to watch 4-year olds other than the parents of those 4-year olds and wealthy pedophiles?
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May 31, 2017 21:25
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I eat out for lunch at work every day and for dinner a couple nights a week and almost never spend more than $9 a day on food. $5 for a giant chicken gyro from a Turkish food cart is usually my most expensive meal. A crossfit membership (one of the more expensive gym memberships) with at least 1 class per week is $170 a month. The gym and food costs for that family are crazy and they are "trying" to be cheap and not actively splurging (by their standards). I don't know how that is even possible. I could see it if he was of the "we have bad habits and like to splurge" mindset, but he says they literally can't figure out how to find a cheaper gym or lower food costs - even with a stay at home parent!
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Jun 1, 2017 17:48
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LLCoolJD posted:There's a huge difference between not taxing someone for something and giving free things away to people. There literally isn't. A tax credit is just spending through the tax code. How much money does a person end up with in each scenario? A) I gave you a $100 shovel for free. B) I gave you a $100 instant rebate for buying a $100 shovel.
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Jun 3, 2017 01:49
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My friend and her boyfriend (of less than 2 years) decided to buy a house together. They put an offer in and got a house for $382,000. There was about 6 weeks between this and the actual closing on the house. During this period, they broke up because the boyfriend's ex had recently become single and she was the girl of his dreams. The ex indicated that she was sad that they hadn't worked out and wished they could have given it another shot. My friend's boyfriend dumped her to pursue his true love. They would have lost about 11k if they decided to walk away from the house. Instead, they are buying the house and moving in together after breaking up. Neither of them can afford to pay their half of the mortgage and rent on their own and neither of them want to sell because "it's an up-and-coming neighborhood" and they'd be losing a lot of money. They are going to "figure out the rules as we go along" and so far the only rule is that the new girlfriend (former ex) isn't allowed to move in. But I am expecting that to happen soon.
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Jun 5, 2017 19:12
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The BWL aspect of this whole situation is that I'm pretty sure she still wants to get back together with him and that the house will help. She basically thinks that he got scared of commitment from buying the house and that as long as he doesn't sleep with his ex (and she finds out about it) that he never really cheated or left. Everyone told her not to go through with it, but when she did she kept waffling between "He just got cold feet! He'll be back!" and "I need to go through with it because I'll own half a house in an up-and-coming neighborhood and I can be financially independent! I'm doing this to stick it to him!" For the record, the girl her boyfriend left her for was his girlfriend in high-school (10+ years ago) and cheated on him twice. Once on a band trip to Florida and another within two months of him going to college. They originally broke up when he was 20 and he is now 31.
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Jun 5, 2017 19:45
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In another terrible personal BWM edition: My youngest brother (26) went to art school and dropped out after a single semester in 2010. He wanted to become an "automotive photographer." He managed to accumulate 35k in student loans for this one semester. Instead of paying back the roughly half of the student loan he wasn't using anymore after dropping out, he prepaid his rent for the rest of the year and bought a 2.5k Macbook because "you need one for art projects." - He eventually sold the Macbook to help pay for a down-payment on a lease for a Crossfire. - He got a job as a power-washer to pay off his student loans and dropped a metal hose nozzle onto his car from 30-stories up and had to turn in the car and pay damages on it. - He has no car, so he decided that his new career was to be a "Vine Celebrity" and he bought a new 2k Macbook "for making vines." - Vine shuts down about 3 months later. - He sells the second Macbook to his friend for his non-running 1993 Tercel. - He has not fixed it and decided to pay to have it fixed. - It is going to cost about 4k and he doesn't want to pay that, so he decided to make money online again. - He leased - yes, leased - a third Macbook to become a Youtube star. Apparently, Apple/Best Buy will lease you a Macbook. - He just has his friends take him to car shows, he films them on his phone, and adds commentary like, "Wow, this is sweet. This is one of the nicest cars I have ever seen. The Bugatti is very expensive." Then uploads to Youtube. - Why does he need a 3k Macbook for this? I do not know. - He has been living with my parents, rent-free, for the last 7 years (after the aborted Art School attempt) and they want to retire and move to North Carolina soon. Without him. - They recently demanded to know how much money he was actually making from his Youtube channel and apparently he has not even turned on the monetization option on Youtube because "I need to grow my fanbase and people skip videos with ads." - He recently posted a meltdown on Facebook and tagged all the family in it. The post included such phrases as "When my dad told me that I needed to get a real job, he basically told me that he doesn’t feel what I’m doing is worthwhile and that I’m knowingly wasting my time every day." and "If I were to let their words get to me, I would be in a job that I hate right now and I would be miserable. But worst of all, I would be letting down my Youtube subscribers." - He also mentioned that "Only failures and those who failed to dream have 9 to 5 jobs." and "My parents had to get 9 to 5 jobs, but each generation is supposed to do better than the last. I don't want to end up like them." Needless to say, this has caused quite a bit of family drama. But all his friends on Facebook has gotten into the comments to post memes and actually argue with members of my family that they have a duty to support artists. His Youtube channel had it's first year anniversary last month and he still has made $0.00 from it and plans to make that his sole income source. Solice Kirsk posted:How does someone jump through this sort of mental hoop? https://en.wikipedia.org/wiki/Sunk_cost#Loss_aversion_and_the_sunk_cost_fallacy Leon Trotsky 2012 fucked around with this message at 20:21 on Jun 5, 2017 |
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Jun 5, 2017 20:14
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Last I checked he has about 1,000 subscribers.
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Jun 5, 2017 20:26
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Krispy Kareem posted:I feel like we're in for a M. Night Shyamalan twist where Leon Trotsky has multiple split personalities and all these stories are actually him. He just happens to have one really successful personality to bankroll all the bad ones. Growing up poor + social media = many BWM stories. Working with many people who are either raised their entire life in poverty, only have a high-school degree, or both + the first point = An endless supply of BWM stories. My family is a weird mismatch of potential and I don't make nearly enough money to bankroll their failures. My one brother is a heroin addict, the other is an idiot (or as he calls it a ~*DREAMER*~), and I got two Masters degrees and was a lobbyist in DC until I quit to take a low-paying, but extremely cushy job in a low COL area. 21 days of vacation, a pension, and time to shitpost on SA for an hour or two a day is worth more than the salary and "prestige" of working 7 to 7. I have another friend who went to Harvard and dropped out because he started dating a former Jehova's Witness who got him into cocaine. It is almost impossible to get kicked out of Harvard and he just came back next year and finished. He has been living in New York for 4 years working on "the next big novel" and hasn't finished it yet. He was on The Lampoon and got a job offer from B.J. Novak before he went crazy. Leon Trotsky 2012 fucked around with this message at 21:04 on Jun 5, 2017 |
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Jun 5, 2017 20:51
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ate all the Oreos posted:Also I really wanna slap him as hard as I can for the line "Only failures and those who failed to dream have 9 to 5 jobs." Thanksgiving/Christmas have been loving painful for the last 5 or 6 years because all the aunts and uncles I never see any other time of the year only ever ask us: 1) If you're dating anyone 2) When are you getting married? 3) How is your job/job search? And it always results in a meltdown with my brother trying to explain how people are "literal millionaires" on Vine (now Youtube/Twitch) and he doesn't need their luck because he ISN'T TRYING to get a 9 to 5. To tie this into the oldman/snapchat derail, I didn't really know what Vine was until my brother was crying about it getting shut down and ruining his life. Cold on a Cob posted:Holy poo poo, he's leaving literally TENS OF DOLLARS per month on the table, he needs to turn on monetization STAT! Doesn't Youtube pay you based on how many people watch ads and what type of ads they watch? What is the advantage to "follow for follow" subscribers? Leon Trotsky 2012 fucked around with this message at 21:26 on Jun 5, 2017 |
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Jun 5, 2017 21:18
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One of the comments scolding her says, "I have no idea what my wife makes, but I would be happy to find out she made 300k!" I find that weirder than her insistence that it is "fair" for them to go "50/50" on a new car for her.
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Jun 6, 2017 20:10
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Tiny Brontosaurus posted:WTF, no. Cohabitating people in a relationship are supposed to be on the same team about money. This kind of dishonesty is toxic. And people who are r/frugal type crazies categorize a lot of "needs" as "wants." Have you seriously never had anyone in your life who just refused to ever spend money on anything, ever? It's a pretty effective way of communicating that they think the people in their lives are worthless. Always have conversations about money, reach agreements about what kind of spending patterns you want to have, categorize shared necessities money and personal discretionary money, be adults about things. But marking literally every single expenditure on happiness or social bonding as "frivolous" is a good way of telling people you don't care about anything but money. She explicitly says in the comments that they have always split the bills 50/50 (including the grocery bill) and that she was upset that he didn't want to go 50/50 on a house or car and didn't go on vacations. He didn't want to replace his car and she wanted to go 50/50 on a replacement for hers that they would use together. I was just commenting on the weirdness of the commenter scolding her about relationship finances and then saying "I don't even know what my wife makes!" because that is weirder to me than her wanting to spend more money.
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Jun 6, 2017 20:24
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Tiny Brontosaurus posted:But if two people in a relationship make unequal amounts of money, 50/50 isn't a fair split. It should go by percentages, so the lower-income person isn't giving up nearly all their earnings to keep up. Lying to her like this took money out of her pocket, money it might have been a hardship to spend. Doing it 50/50 can also cause resentment on the higher-earner's side, because they feel held back by always having to make things fit the lower-earner's budget. A percentage isn't a fair split if you are both getting the same utility from something and already agreed to separate finances. I agree the dude is dumb for not being upfront and they are both bad for never having an actual conversation about finances, but you can't just say "50/50 isn't fair. It should go by percentages." She says in the comments that she makes good money and can afford to pay for all of her own vacations (and that she goes on several vacations a year) but that she is upset that he didn't want to go on vacations with her family because he "couldn't afford" to do so. Also, if she is pushing to buy a house together before they are even married, then it is probably good that they never broached that subject. She should be mad about him not being upfront about the reasons for not wanting to go on vacation (but honestly, is it fair to expect him to be excited to vacation with her mom and spend money to do so?) but saying "we should have had a house and gone 50/50 on a new car" is the biggest problem is wrong. Leon Trotsky 2012 fucked around with this message at 20:40 on Jun 6, 2017 |
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Jun 6, 2017 20:37
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Tiny Brontosaurus posted:I can and I did, because life isn't beep-boop numbers on a spreadsheet, it's life. They aren't getting the same "utility" from their earnings if one person is devoting nearly all of it to necessities that are a rounding error to the other person. They explicitly say that this is not the case in the comments. She says the biggest problem is the lack of a house, vacation with parents, and new car. She should be mad at him for lying about not wanting to vacation with her parents (maybe) but she says that the missed financial opportunities are the biggest problem.
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Jun 6, 2017 20:43
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canyoneer posted:Yeah, who cares if he's cheap, dude's a liar. There's the problem. She also says in the comments that "he never actually lied" about his income and that the only time he said he "couldn't afford it" was the vacation with his mom. They just both refused to talk about finances at all and she is mad because they could have talked about buying a house, but she assumed that it wasn't something worth breaching. She is upset at his cheapness/frugality and not the actual lying. That is the bad part. She was explicitly okay with the arrangement until she found his bill. The dude is lovely, but she is mad about the wrong things. They aren't married, they agreed to split finances, and they have been dating and he has had this business for less than two years. Tiny Brontosaurus posted:Yeah, "fair" was determined based on a lie. If I say "let's split the rent 50/50" that's "fair" until you find out the rent is much lower than I told you it was. They agreed to split it 50/50 before he got laid off from his main job. Dude is still lovely, but he has had this level of income for about a year and she is mad about the financial aspect of the mom vacation rather than the root issue. Leon Trotsky 2012 fucked around with this message at 20:55 on Jun 6, 2017 |
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Jun 6, 2017 20:52
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Tiny Brontosaurus posted:He already had the business at that point. And she's mad about the lying, he uses his finances as an excuse to get out of things like the vacation, that's bad. Why are you so invested in defending this dude? Agreeing to have separate finances and split the bills 50/50 are not incompatible. It is extremely common. Also, I agree that it is lovely. But "I can't afford to vacation with your mom" is a pretty easy excuse to use instead of "I hate your mom" and she doesn't care about that part. They both suck. Any couple that is too scared to discuss finances for two years and then gets mad about undisclosed finances are not mature enough to be together. I would never buy a house 50/50 or pay for half of my girlfriend's car if we agreed to have separate finances and weren't married. She says that the lie is not the major issue, it is the missed financial opportunities. That is wrong and dumb.
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Jun 6, 2017 21:01
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22 Eargesplitten posted:I might be using standard goon hyperbole, but I say the same thing about guys buying cars they can't afford. Which in my experience is a lot more common because cars are such a huge status symbol for men in their 20s. I've lived in the Northeast and plenty of places that are salted for 4-5 months a year and the idea that someone would think that driving a 2008 model car is a punishment, even in the most inhospitable climate for cars, is still crazy.
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Jun 6, 2017 21:19
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Tiny Brontosaurus posted:
I don't even care about the "snooping" but how plausible is the scenario of: - I was cleaning your office - I moved an envelope from the IRS and accidentally opened it - I accidentally realized it was your tax return - I accidentally unfolded your tax return - I accidentally scanned it and looked for your schedule C to determine your pass-through income from your business Pretty much every Reddit post tries to preempt the "snooping" accusation by stumbling across it in a wildly improbable accidental scenario.
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Jun 6, 2017 22:55
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Never want anything different than your partner and then you'll never disagree. Bing bong so simple.
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Barry posted:Remember when we started this new thread, all young and full of life, with the expectation that it would be a BWM only posting utopia? Moderation would be judicious, people wouldn't be dumbasses, life would be good. I miss those days. Her post history also indicates that: - She paid for nutritional advice and was convinced that she was only eating 900-1,000 calories a day, but she was gaining weight (she was 5 foot 4 and 250 pounds, but even the skinniest person is not going to gain weight on 900 calories. Also, it is not a good idea to only eat 900 calories.) - She was asking reddit for career advice on how to break into the anime/manga writing industry as a 35-year old woman with no experience, but a lot of exposure to the product. - Doesn't want to move back with her mom, because she is an atheist and her mom is religious. - 70k in student loan debt, with no degree, for a private art school for video game graphic design - Uses Uber Eats for food because going to the grocery store gives her too much anxiety. - Doesn't like the idea of using medication or therapy for mental illness. - Says she "needs" cable and a landline + cellphone. I think she needs to get her mental health issues sorted and stop trying to argue atheism with her mom first and then worry about the rest. It would be bad if she was 25, but 36 is really late to deal with all this stuff.
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Jun 7, 2017 16:39
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OctaviusBeaver posted:https://www.reddit.com/r/personalfinance/comments/6fsb9b/dad_has_almost_a_quarter_million_in_stocks_is/ Shorted the S&P 500 and the rest of his individual stocks are all in gold/silver/mining. His dad is probably subscribed to Infowars and the Ron Paul Newsletter.
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Jun 7, 2017 16:48
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CmdrRiker posted:Wow, you actually went really deep into their post history. I'm numb to stupid car spending as well, but getting a car that is 120+% of your gross income (when you already have a paid off car) is still pretty impressively bad.
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Jun 7, 2017 18:39
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Not really anything good enough to post, but there have been 3 posts on /r/personalfinance in the last week that had people asking for advice about their 30-year fixed rate mortgage with interest rates between 4.8% and 5.3%. How is it even possible to get an interest rate that bad? And why would you lock yourself in to a 5.3% mortgage?!?
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Jun 7, 2017 18:46
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Barry posted:Are these for refis or new mortgages? Late 2000's, early 2010's, that would have been a reasonable rate depending on when you got it. New. First time home-buyers. I know they are getting boned, but it is baffling that anyone would end up with a 5.3% mortgage. Even just a cursory google will tell you that it is out of the norm. Let alone 3 different people getting it and none of them bothered to ask if that was okay until AFTER they got their mortgage.
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Jun 7, 2017 19:37
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Dick Nipples posted:Are they standard loans or jumbo? Standard. 2 of the 3 were for between 175k and 210k.
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Jun 7, 2017 19:46
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A 401(k) contribution is a choice and should be included in a budget/not deducted from your gross income. Nobody is going to say, "I need help with my budget. My takehome pay is only 20k a year! (after taxes, health insurance, and 18k in 401(k) contributions)" is a realistic assessment of your budget and "takehome pay" situations.
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Jun 8, 2017 19:47
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EAT FASTER!!!!!! posted:So Father's Day is coming up, and we need to get gifts for several men in our lives. I suggested to my wife that we dispense with the "try to guess what they want" bullshit and give cash, because receiving cash they have license to get a thing they wanted but we couldn't select. Everyone in our family thinks they're really good at selecting and giving gifts, and they're not - they're terrible and we accumulate crap like nobody's business. quote:Economist Sean Snaith believes deeply, along with many in his trade, that gift-giving represents an inefficient reallocation of resources.
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Jun 8, 2017 20:38
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This might cross into GWM territory, but my boss is having an American Girl Doll theme for her Daughter's 5th birthday party and requesting pre-paid Mastercard and Visa giftcards only as gifts. Her daughter wants to go to the American Girl store and pick up a Doll and some clothes as her presents. The Doll + 3 Outfits that she wants are about $650.
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Jun 9, 2017 14:59
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cowofwar posted:I hope someone robs the party. Not money-related, but she put the links to the dolls and clothes her daughter wants on the invitation. So, all the guests know exactly how much she needs and that they will be responsible for crushing her daughter's dreams if their gifts don't exceed that threshold.
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Jun 9, 2017 15:07
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cowofwar posted:Is she poor or nouveau riche because she lacks a tremendous amount of class She makes 104k per year and has a J.D. To be fair, she wasn't like, "You will be crushing her dreams!" and was instead "These are the ones Addison wants. Here's the links, don't they look cute! We're going to The American Doll Store afterwards to get them for her. Just MC or Visa Giftcards as gifts for her to use, thanks!" Leon Trotsky 2012 fucked around with this message at 15:18 on Jun 9, 2017 |
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Jun 9, 2017 15:14
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Elephanthead posted:Better be a kickin rad party. She took off today and a half-day yesterday because she needs 72-hours to prepare it. Hopefully, it will be. (Fun Fact: The party is being catered by a local restaurant who will only be serving food from The Official American Girl Doll Cookbook.)
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Jun 9, 2017 15:21
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ate all the Oreos posted:Man every post seems to reveal a new layer in this onion of upper-middle class bland white girl toy purchases, anything else you can think of? Nothing else exciting that is related to American Girls. Her daughter is putting on a tumbling show for all the guests and the moms are having a "wine contest" where everyone brings the best bottle of wine they can and then picks a winner.
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Jun 9, 2017 15:42
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