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.

Mantle: May 15, 2004

Last week a coworker came to me for advice in a panic because he needed to come up with $20k to finish the last year of his M.Ed, otherwise he wouldn't be able to graduate or he'd lose all his credits or something. He couldn't get a HELOC because the other joint owner of his house refused to agree. The consequences were dire and I felt really bad for him.

Today he bought a puppy. I guess he was able to find that $20k.

# ¿ May 3, 2017 05:34

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# ¿ May 9, 2024 00:32

Mantle: May 15, 2004

Zo posted:

I actually was just reminded of that case from this discussion and didn't realize the decision was already out, but yeah the oral arguments were pretty funny since I think literally everybody understands that a discount on cash is literally the same thing as a fee on credit cards.

It's not the same because they are advertised differently.

It's not the same to buy something advertised at $100 and then asked to pay $102 to pay by card than it is to buy something at $102 and then offered to pay $100 if paying by cash.

# ¿ May 9, 2017 02:52

Mantle: May 15, 2004

BigDave posted:

The date on a check is more of a suggestion then anything else. As soon as it's signed and endorsed, it's ready for deposit or cashing.

This is one thing I like about Canada. The dates on cheques actually have legal effect on the validity.

# ¿ Aug 2, 2017 23:45

Mantle: May 15, 2004

Twerk from Home posted:

Something similar is happening in the CS world, but it's code "boot-camps" that charge $10k-25k for 8 or 12 week courses, except I've known multiple people who went to those and ended up walking into >$80k jobs in non-bay area cities and >$100k jobs in the bay area.

Which are the legit boot camps?

# ¿ Aug 7, 2017 18:57

Mantle: May 15, 2004

E: eh don't want to post about self.

# ¿ Aug 20, 2017 05:07

Mantle: May 15, 2004

Lol home ownership is a reasonable asset? Go back to renting

# ¿ Sep 15, 2017 20:53

Mantle: May 15, 2004

JewKiller 3000 posted:

doesn't the usa tax its overseas citizens, even though the income was not made in the usa?

This is a huge reason to let go of US citizenship.

# ¿ Sep 18, 2017 01:54

Mantle: May 15, 2004

I would think the vendor would not do the loan at the same rate as the bank...

# ¿ Sep 28, 2017 05:57

Mantle: May 15, 2004

CannonFodder posted:

He could get the licenses and permits to be a professional puddle jumper in Alaska or northern Canada during the summer, make bank, then fly himself south for the winter.

I looked into this and it's something like $15k and 2000 flying hours to get the private license then at least as much to get the commercial license. Numbers not exact but ballpark. So there is big economic and opportunity cost due to the time involved.

The GWM way to get qualified is to join air cadets as a kid to get free hours towards the private license, then as an adult join the CIC reserves as an officer and fly the glider tow plane to get paid to build up your commerical hours.

Mantle fucked around with this message at 00:57 on Oct 11, 2017

# ¿ Oct 11, 2017 00:55

Mantle: May 15, 2004

metallicaeg posted:

I was 3 in 1989 so I don't have personal experience, but from seeing old RadioShack/Best Buy/whoever else ads regarding PCs in the late 80s and into the mid-90s, sure you can look back and say $2800 was loving absurd, but that seems like just what was the going rate back then.

My first family computer was an XT clone in 1985 and my dad said it was $5000. $2800 in 1989 is a lot of money but no matter what the dude bought, it would have been out of date in 1 year anyways, let alone 2 years.

# ¿ Oct 21, 2017 22:08

Mantle: May 15, 2004

Cicero posted:

The amount of capital gains tax varies depending on your income though. It can even be 0%.

A solution to this is to have it withheld at the max inclusion rate and adjust it when the return is filed. Easy.

# ¿ Nov 3, 2017 23:28

Mantle: May 15, 2004

BEHOLD: MY CAPE posted:

How much are you willing to bet that the people who generally pay large amounts of capital gains tax in the United States are likely to go along with this new proposed mandated pre-withholding scheme of yours

Out of scope of the posed question. You figure it out!

# ¿ Nov 4, 2017 00:25

Mantle: May 15, 2004

I couldn't follow who is dude

# ¿ Nov 22, 2017 18:45

Mantle: May 15, 2004

I thought great Danes don't need a lot of space because that aren't that active?

# ¿ Nov 23, 2017 22:55

Mantle: May 15, 2004

melon cat posted:

I feel the same way. Pension funds go bust. It's a thing.

When I worked in banking an alarming amount of people would tell me that the Canadian Pension Plan (Canada's national pension plan) is their retirement plan. Which is supplemental income at best and eating cat food for dinner at worst. As in, it is their only retirement plan.

Expecting the government not to squander your forced savings over 50 years is putting a lot of faith in the system.

Is it really squandering though or is it more of a case of small contributions, small returns?

# ¿ Jan 27, 2018 04:47

Mantle: May 15, 2004

melon cat posted:

My mom, a recent retiree and person with a long decorated history of losing money in MLM schemes, is now telling me that she's taking a Udemy course on making money from cryptocurrency.

I loving give up. She is in this perpetual cycle of jumping in and out of MLM schemes, and part of the problem lies with the fact that all of her friends are susceptible to it. I've spent years trying to dissuade her from them, but then she just finds another to get suckered by once one of her friends "discovers" something new.

Flip this around to GWM by being the first one to discover the new things then selling to her market?

# ¿ Feb 15, 2018 19:58

Mantle: May 15, 2004

loving boomers in BC get indefinite deferrals on their property tax by virtue of being old. The loan is set at less than inflation and is only payable when the property is sold. It is not means tested so rich as gently caress boomers get this subsidy.

If they don't move out we literally have to wait until they die before the property tax is paid from the estate.

# ¿ Feb 23, 2018 21:33

Mantle: May 15, 2004

Dillbag posted:

My old ISP was bad with money because one time I called them for something and they asked me for my password. Not like a customer service pin or anything like that, but my full on online user ID and password. Then when I couldn't remember which one I used the rep offered up the first few letters to help me, albeit with a stifled laugh (it was beeffarts). I was like "uhhh you have plaintext access to my account password???". They weren't my ISP for much longer after that.

It was Teksavvy for anyone in that cares.

I also have multiple bad experiences with Teksavvy not showing up to appointments to install service. BWM for preventing customers from trying to give them money.

# ¿ Mar 25, 2018 22:24

Mantle: May 15, 2004

Volmarias posted:

their teacher let them just play Doom in class

What do you expect when you are in class to learn about working hell desk

# ¿ Mar 31, 2018 00:42

Mantle: May 15, 2004

These same people that complain about the nanny state interfering with the market are exactly the people the state needs to protect from themselves

# ¿ Apr 5, 2018 04:25

Mantle: May 15, 2004

Sailing can be cheap. I've been to two clubs where it costs $20 to rent a 420 or laser for a few hours.

# ¿ Apr 16, 2018 23:00

Mantle: May 15, 2004

lampey posted:

Good employers will give bonuses in the gray area of the de minimis exception, like a restaurant gift card.

No de minimis in cash-like instruments here. I was given a $50 card to a restaurant group of lovely restaurants that I'll never use and is sitting in my drawer. It showed up on my T4 as $50 income so I paid about $15 for it in tax.

# ¿ Apr 21, 2018 00:35

Mantle: May 15, 2004

https://www.reddit.com/r/PersonalFinanceCanada/comments/8ff9a5/3_car_accidents_in_4_yearswhat_to_do

Reddiot gets a job requiring a vehicle but doesn't allocate any money for learning how to drive.

quote:

I was in a car accident today and totalled my car. I was attempting to drive into another lane where a car stopped in one lane, but didn't stop in the other.

This has been the 3rd time in 4 years for me. That makes me a high risk driver and my insurance will go through the roof. I spent $6K on this car last October but now I have nothing.

My job is out of town so having a car is a must.

I don't know what to do. I suffer from high anxiety and I'm past my breaking point. What should I do? Should I shop around for a lower insurance rate or should I give up driving completely.

So ashamed of myself right now.

quote:

Doesn’t sound like driving is really for you. For the sake of your’s and everyone else’s safety, don’t drive if you don’t have to.

Your insurance will be crazy high for sure, which will help make this financially a more logical choice to not drive. But you gotta get to work somehow, not sure if transit or moving are options.

quote:

None of those are options for me. I must drive for my work.

# ¿ Apr 29, 2018 00:11

Mantle: May 15, 2004

UCS Hellmaker posted:

holy loving poo poo only paid in crypto

A former high school friend of mine is addicted to coke and lost his marriage, kid, and career because of it.

I asked how he got into coke and he told me he once made a deal to be on title to his friend's grow op house for a few hundred dollars a month. Shortly after, the grower proposed to pay in weed instead of cash and my friend agreed. He wasn't able to resist having all that weed around all the time and it all went up in smoke and parties. His parents have kicked him out and spent multiple tens of thousands of dollars for rehab.

Never get paid in product and getting high on your own supply is BWM.

# ¿ Apr 30, 2018 18:00

Mantle: May 15, 2004

Part of me wants to roast the kid for being a brat but really it's the mom that hosed her up. This is almost like pushing your kid into porn in terms of doors closed.

The internet never forgets.

# ¿ May 10, 2018 19:46

Mantle: May 15, 2004

Power of Pecota posted:

lmao at the progression for each article about where your finances should be decade by decade:

20s: The Intern
30s: Master of None
40s: The 40 Year Old Virgin
50s: Running
60s: The Intern

Idgi?

# ¿ May 15, 2018 21:12

Mantle: May 15, 2004

I would say a long loan at 4% isn't bad per se in that it the length doesn't cause someone to be bad with money. However, it is correlated with people that are bad with money.

It's easy to conflate correlation with causation.

# ¿ May 19, 2018 02:39

Mantle: May 15, 2004

Switchback posted:

Don’t go thinking us Americans are unique in our consumption.

It's the COE that pushes the cost of cars into the 100k+ range. That's not recoverable on resale.

# ¿ Jun 6, 2018 20:41

Mantle: May 15, 2004

Carl Killer Miller posted:

For some background on this outstandingly BWM post, this guy is posting about a format of Magic the Gathering (itself a game reliant on BWM) in which decks can cost about $5,000 (https://www.mtggoldfish.com/archetype/legacy-grixis-delver-24421#paper). He's offering financial advice on how it's WAY more affordable than you think it is!

It's not BWM just because you don't agree with his purchases. He's clearly spending within his means and saving a significant portion of his income.

# ¿ Jun 9, 2018 01:56

Mantle: May 15, 2004

My cousin complained to me her phone bill was too high at $60/mo. I asked her what service she was getting at that price and what her actual usage was. She said she didn't have time or desire to figure any of that out, just that it was too much.

So then I told her you are paying exactly how much you should be paying.

She agreed.

That's why people end up paying how much they do.

# ¿ Jun 12, 2018 00:08

Mantle: May 15, 2004

How come your dad and his neighbour are both engaged to the same person? And how has your dad never met his neighbour?

# ¿ Jun 18, 2018 01:05

Mantle: May 15, 2004

bob dobbs is dead posted:

friend, art history is one of the only fields which is worse

Counter anecdote my friend did an art history masters and now makes Megabucks doing some sort of auction thing for Sotheby's in Hong Kong and Singapore and London.

# ¿ Aug 14, 2018 06:01

Mantle: May 15, 2004

Well, he doesn't have any mom dischargeable debt, and he's 24 and male from a well to do family. Fix the gambling, and he's fine.

E: his debt is mom dischargeable but not non dischargeable

# ¿ Sep 13, 2018 06:31

Mantle: May 15, 2004

https://globalnews.ca/news/4441469/double-name-double-ticket-double-win-manitoba-man-wins-lotto-twice-in-five-months/

Here's another future welfare recipient that after winning $1.5M in the lottery, kept buying lottery tickets.

He won $2M again within 5 months.

# ¿ Sep 13, 2018 20:52

Mantle: May 15, 2004

FAUXTON posted:

I have and it was loving painful.

My dog was doing the basenji yodel and he was a standard poodle.

I beg to differ.

https://www.youtube.com/watch?v=zz7LvCS1oXM

# ¿ Oct 6, 2018 16:34

Mantle: May 15, 2004

You mean GWM. Grandma got all of the benefits of owning and living a house but externalized the costs of ownership.

# ¿ Nov 29, 2018 21:32

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# ¿ May 9, 2024 00:32

Mantle: May 15, 2004

Motronic posted:

Ohhhhh...another fresh one.

Gave my father a large sum of money that I now believe I'll never get back. Where should I put my remaining savings? (self.personalfinance)

submitted 18 minutes ago by ThiccNhatHanh

And for the poster who can't seem to find these without a link......copy the title of the post and past it into teh googles. If you have a 'puter made in the last few years you can just put it up in that "eral bar" and everything will work out.

Can't you just do it for mobile readers instead of being a jerk?

# ¿ Dec 23, 2018 05:39

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