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.

legendof: Oct 27, 2014

ate all the Oreos posted:

I agree website, that is the most important feature and thus needed to be listed first.

You jest, but a good number of subscription boxes require a phone call and/or email exchange to make it as hard as possible to cancel, so people put off doing so. All of them renew automatically, so even if you were supposed to make a selection of some sort and haven't done so they just charge you money that you can use to buy their stuff later, hooray (but which you almost certainly can't get refunded).

# ¿ May 3, 2017 00:54

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# ¿ May 3, 2024 05:49

legendof: Oct 27, 2014

http://www.bbc.com/news/av/40168168/horse-airlifted-to-vet-in-los-angeles-suburb

This looks expensive. Horses: not once.

# ¿ Jun 6, 2017 00:23

legendof: Oct 27, 2014

pig slut lisa posted:

[*]If you're sharing some of that purestrain Reddit BWM, please try to both copy/paste the Reddit OP and include a link. This helps other posters engage more with your thread, as we can go pull followup comments from the Reddit link and don't have to worry about the OP deleting their post in a fit of shame.

I want to watch people get torn apart in the reddit comments

# ¿ Jun 12, 2017 19:51

legendof: Oct 27, 2014

More on the ethereum crash: https://motherboard.vice.com/en_us/article/heres-how-traders-lost-millions-in-the-first-ethereum-flash-crash

My favorite part is this part:

quote:

Some of the affected individuals have already started to organize via a Telegram group with the intention of filing a class action lawsuit against the exchange, but at present GDAX's position is that all margin trades are final, and terms were outlined in advance.

"My stop loss calls worked exactly how they said they would, but it meant I lost money, and that feels unfair! Better sue."

# ¿ Jun 22, 2017 17:50

legendof: Oct 27, 2014

ego symphonic posted:

Lots of schools recruit pretty young students to show the players around as part of the recruitment process and undoubtedly some of them also sleep with the players they're showing around. No athletic department would ever explicitly instruct them to do so, if only for fear of liability, but its not unreasonable to assume that's the intent of the whole process.

My sister did this. She said it paid extremely well for basically no work. The position they hired her for was "social media and outreach" - she had to tweet one inspiring sports quote a week from the school football team's Twitter, and sometimes do tours or go to recruiting events to hand out flyers. But mostly stand there and look pretty. I don't believe she ever slept with a prospective student, though she said she definitely got the vibe that the football coach would basically have paid to just have pretty young women around him at all times.

They paid for for three hours a week of work, she said she averaged about 20m a week, with the rest of it just browsing Facebook or whatever while sitting in the sports department office. Being attractive is GWM.

# ¿ Jul 21, 2017 19:33

legendof: Oct 27, 2014

Lowness 72 posted:

What does couldn't get classes mean? Like he doesn't qualify for 300 level classes? Don't universities have offices that specifically help you chart out your path?

They do, but if you're a gently caress up you can completely ignore them! I knew someone who was lazy and declined the (free) academic counseling and as a consequence took five years to graduate undergrad instead of four because he took courses for an engineering major in the wrong order, they weren't all offered every quarter, and he had to wait two quarters to take a course that was a requirement for the major. It's a very expensive mistake.

# ¿ Aug 16, 2017 00:35

legendof: Oct 27, 2014

EugeneJ posted:

Woman finds long-lost diamond ring on carrot in garden

I give it about even odds that she actually lost the ring and that she was extremely under occupied and spent several years trying to get a carrot to grow through it just for something to do.

# ¿ Aug 20, 2017 05:47

legendof: Oct 27, 2014

Guest2553 posted:

e3. You know this guy is gonna lose all his money to stupid MLM poo poo from his simple yet telling OP:

His only other post is asking about what cryptocoin to buy

# ¿ Sep 24, 2017 17:15

legendof: Oct 27, 2014

https://motherboard.vice.com/en_us/article/xwaaba/own-luxury-porsche-blockchain-tend-credit-suisse

Timeshares on Porsches? Backed by cryptocurrency? What could go wrong!

My favorite quote from this article is

quote:

The TEND website states that the company will give people "opportunities which are currently beyond their reach but reflect their aspirations."

# ¿ Nov 2, 2017 20:39

legendof: Oct 27, 2014

I feel so bad for this man's family.

What this reminds me of most is all those people who maxed out their credit cards prior to the rapture.

quote:

Didi Taihutto sold his house in the Netherlands, all his furniture, three cars, and a motorcycle. He only kept the things he truly couldn't part with: His photo albums, a few mementos, and his laptop. Together with his wife Romaine and their three children, he now lives in a tiny house on a Dutch campground not far from the German border.

The Taihuttos exchanged nearly all of their income for Bitcoins. The 39-year-old Taihutto is convinced that he'll be able to triple the family's assets through Bitcoin speculation within the next three years. But wealth isn't these two parents' only focus. Taihutto and his wife avoid, above all, things that keep them from leading their lives the way they want.

Like, apparently, reality.

quote:

Taihutto wants to secure the livelihoods of his family as a so-called day trader—in other words, a speculator who invests in cryptocurrency with the promise of high returns within a short time.

Their website is yolofamilytravel.com. Their Instagram uses the phrase "Think about it" unironically. They currently have five people living in a 50 square meter "bungalow". He's not taking his kids to school in a country where homeschooling is not allowed and expects to have to pay fines for that but thinks that's unfair because "the Netherlands is doing too little for the growing class of digital nomads for whom these rules is simply too strict."

Just... :psyduck:

# ¿ Nov 7, 2017 16:47

legendof: Oct 27, 2014

My mom's financial life is a wreck: impending foreclosure and car repossession, multiple payday loans, etc and she asked me for help, any suggestions?

quote:

My mom called me yesterday freaking out, on the verge of tears. Her finances have been a mess for years (and I've been aware) but they've hit a point where she doesn't feel like she can dig herself out and wants to just walk away from everything and start fresh. She asked for my advice. She did not ask for money, but she did ask for help in getting out of this situation like if she walks away from the house, she needs help moving and finding a new place, that sort of thing.

There are a lot of contributing factors to her financial mess, not excuses by any means but things that propelled her further into debt. One, she has a 6-year-old daughter. She thought she was old enough to go through menopause and ended up getting pregnant.Having a kid in her mid-40s (she's now 50) is not something she expected and it's expensive even with buying second hand and such.

Two, she married her daughter's father. I think she thought that it would be good for her to grow up in a two-parent home but he doesn't understand the value of a dollar and constantly wants to spend money on things they don't need like a newer car (he doesn't even drive), game systems, TVs, etc. He also smokes and refuses to give up his expensive Mountain Dews in favor of something cheaper.

And finally, she works a job where she's underpaid compared to others who do the same job because she's not as highly educated. She works at a factory and was promoted from the production floor to work in their offices on lean production stuff. I'm not sure of her exact job title but she has told me that she makes about $4/hr less than the recent college graduate they hired and they do the exact same job. Now, I don't know how true that is because my mom may see it differently than it actually but that's what she told me.

Here's what I know of their financial situation:

-Combined, they make about $68,000 a year, she is the higher earner of the two but I don't know exact numbers. The last number I knew was $38,000 for her but she has changed roles to one with a higher wage but also lost all overtime so I'd assume that it's slightly higher now but not by much

-Mortgage was for ~$70,000 in 2005, it's been paid down to ~$50,000

-She has received foreclosure paperwork and her mortgage company will not take any more payments but they did say there's a way back into the loan (not sure what that is)

-They have a car payment for a minivan for ~$500 per month

-They have at least 2, if not 3, payday loans out, my mom said she's been taking them for $25 less each time in hopes of finally getting rid of them

-My mom filed bankruptcy in 2012

-My mom has very little in her 401k and wants to cash it out if she changes jobs (I'm trying to talk her out of this)

-They live in the midwest in a small city with a low cost of living

My mom has stated that she wants to get rid of the car and buy something outright with her Christmas bonus (~$1000). She has hinted around that she's considering divorcing her husband due to his lack of interest in helping her get out of the financial situation that he helped make (among other things - he's an rear end). She has stated that she's considering letting the house go and getting a rental. She has stated that she wants to get another job. She does not have a high school diploma, however, and she would need to get a GED before she can another job.

One of the big factors in my mom deciding whether to move is deciding if she wants to uproot my little sister but I've suggested that she move to my side of town (there are even two rentals within a block of me) so my sister could come to my house after school and it would likely ease the transition. Also, my mom and my dad got divorced when I was 10 and I moved 3 times in a year so I think I can talk to her and help her through the tough times. This would also allow my mom some breathing room in her childcare situation so she could go to GED classes and potentially move on to a better job.

So now, I'm asking for some advice. I don't really know what to do. I've looked into things like short sales to get her out of the house without a foreclosure. My husband and I are stable in our finances (debt free, 6 months expenses in savings, etc) so the temptation to help financially is there but we have both agreed that if we did help financially, it would be in a limited capacity such as paying a deposit on a rental.

# ¿ Nov 19, 2017 05:21

legendof: Oct 27, 2014

(US) Mountain of student loans, $83,000K and growing. I don't know where to start.

quote:

Hello everyone,

I made this a throw away account because I am ashamed and embarrassed of my situation, but please, I need guidance. I graduated from a 4 year private university in the spring of 2014. I haven't paid any federal loans off. Since then, I paid off 10k in credit card debt. I'd like to start on this mountain now.

I have $33k of federal student loans, all growing with interest. In detail, I have subsidized stafford loans totaling $19,000. I have unsubsidized stafford loans totaling $14,000. The total is divided between 9 loans. 6 of them have an interest rate of 3.8%. 3 of them (about 10k) have an interest rate of 6.8%.

Now, the scary part. I also have $50k of parent plus loans. The parent plus loans range from $8k - $16k each, with a fixed rate of 7.9% interest. The interest is growing fast on these.

Everything has been in deferment - forbearance since 2014.

My major was Intercultural Studies with a certificate in TESOL. Right now I am living and teaching in South Korea. I make about $35,000 a year USD. I don't own a car, I don't have to pay any rent. My monthly bills are usually $150-$200 and the rest I can pocket. I think I can start with a monthly payment of $1,000 towards the loans.

I am hating myself every day because I know I could have paid off so much already if I had tried. I know I spend too much, I am not disciplined in terms of money and spending. But, I want to change, because I cannot live with this feeling anymore.

My questions: 1. I don't know if or what I should consolidate? 2. If I make monthly payments, will it even touch the loans? (There is so much outstanding interest, where will my payments go?) 3. How aggressively should I pay them off vs. saving money? I have some emergency savings, but that's pretty much it. I don't know if I should pay off as much as possible, and have nothing saved... Or pay off some, and save some money for my future. 4. Should I pay off the sub/unsub loans first? or the parent plus loans?

I feel like an utter idiot because my younger self was convinced that going to a small private college for the 'experience' was worth it. By no means could I afford it, but just like magic we were able to borrow 15-20k per year.

I've listened to a lot of Dave Ramsey, I read a bit on Student Loan Hero. I'm thinking of starting the debt snowball, it's just hard to believe that I will ever pay it ALL off. Let me know if you need more information, and thank you in advance.

How the gently caress do you not pay anything towards $83k of loans for two and a half years if you aren't even paying rent? Where did all that money go? Aside from the $10k of credit card debt (how did you graduate college with credit card debt when you took out $20k of loans every year already) wtf do you spend that much money on as an expat presumably living with extended family?

# ¿ Nov 28, 2017 11:56

legendof: Oct 27, 2014

BWM: buying an apartment in your (much younger) husband's name so that he'll have "security" and then getting dumped and kicked out of said apartment.

quote:

Florin Marin, 24, married retired Rev Philip Clements, 79, in April but dumped him just months later after being given ownership of their €100,000 flat in Bucharest.

Mr Clements “lost everything” after selling his £200,000 home in Sandwich, Kent to fund the move to Romania and is now back in the UK staying with friends.

But male model Florin has moved on to wealthy dad-of-one Jeronimo Jesus de Vega, 48 — and boasted of late-night partying and splashing his cash.

GWM: being a male model with absolutely no morals whatsoever.

E: also holy poo poo that second picture. Such a convincing romance

# ¿ Jan 4, 2018 02:00

legendof: Oct 27, 2014

Bitconnect also just suddenly shut down. What an eventful day for fake internet money.

# ¿ Jan 17, 2018 01:08

legendof: Oct 27, 2014

BWM: falling for scams. Props to the scammers, though, the use of bitcoin means that they're basically targeting just gullible people to begin with.

# ¿ Feb 7, 2018 22:37

legendof: Oct 27, 2014

Thread titles that I remember:
I bought every horse I've ever seen!
My main man I’ve got three words for you: time-share horse.
What's the grace period on a margin call, again?

What else have we had?

# ¿ Feb 14, 2018 23:55

legendof: Oct 27, 2014

Teeter posted:

Just Wait 'til We're Diamond!
Time to Get Oily!
There was also one about a guy who spent a bunch of money on some sort of electrical dick shocking sex toy but I can't remember the specifics, which is what inspired this idea in the first place.

That last one was the last thread, which I remember because it's still the title on the achieved thread. But for reference, it's "I just paid for a fat bitches electric cock zapping sex toy in Kentucky"

# ¿ Feb 15, 2018 01:00

legendof: Oct 27, 2014

Also he uses the phrase "high paying waitress jobs" which just sort of leaves me with all kinds of questions.

That being said, the girlfriend doesn't have any significant debt despite getting a master's degree so honestly that could be way worse.

# ¿ Feb 16, 2018 19:30

legendof: Oct 27, 2014

Considering moving all money to CD and living off a credit card

quote:

What do you think of this idea...

Taking all my money and moving it into a 12 month CD and buying everything via CC and at the end of the 12 months collect CD pay off the CC. Rinse and Repeat.

Not only will get the % off the CD but I will also get cashback % on the CC averages out to be 3-5% depending on variances

Has anyone tried this?

What problems will I run into?

Where can I deposit my checks during the 12 months to gain the most interest in it?

Even assuming OP is gonna find a series of 0%-for-a-year cards, this seems... Poorly thought through. It's a great idea to have no liquid cash, just have no emergencies, why hasn't anyone thought of that

My favorite part is in the comments:

quote:

you'd still have to make at least the minimum payment every month.

quote:

I did not know this was mandatory thank you.

# ¿ Feb 23, 2018 19:10

legendof: Oct 27, 2014

Gws and ai in the same day, we're doing our own mini forums tour right here

# ¿ Feb 27, 2018 01:51

legendof: Oct 27, 2014

Please yes to this plan

# ¿ Feb 27, 2018 23:15

legendof: Oct 27, 2014

Surprise surprise, essential oils have all kinds of weird side effects. I'm sure that's just big pharma keeping down all the #bossmoms, though.

# ¿ Mar 20, 2018 21:03

legendof: Oct 27, 2014

There's also vicemo.com which aggregates public venmo transactions mentioning sex/drugs/booze.

# ¿ Mar 21, 2018 17:59

legendof: Oct 27, 2014

I use a password manager, have it generate random strings that I use for the answers, and then store the question and answer in the password manager as well.

Works great. Except for the one time I got locked out of Vanguard cause of Mint failing the 2FA challenge too many times and I had to call them and explain over the phone that my first pet was named s62&%dfGt0, or whatever.

# ¿ Mar 23, 2018 21:53

legendof: Oct 27, 2014

You can also use aliases in Gmail:
myemail+facebook@gmail.com
myemail+ebay@gmail.com
Both go to myemail@gmail.com.

Not every system will let you register with an email containing a +, but most do, and it's useful for a) preventing scripted attack tools from reusing your creds, and b) letting you know which rear end in a top hat site sold your email address to spammers.

It does mean that I have to look up what email address I'm registered under sometimes (was it +facebook or just +fb?) but I use a password manager anyway, so shrug.

# ¿ Mar 23, 2018 22:38

legendof: Oct 27, 2014

I've just realized that the voice I hear in my head when I read all of these r/personalfinance posts is the how is prangent formed guy.

# ¿ Apr 13, 2018 20:48

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# ¿ May 3, 2024 05:49

legendof: Oct 27, 2014

Has this been posted?

# ¿ Jul 3, 2018 19:16

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