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If everyone does well in school and gets high paying white collar jobs then there will be no janitors and farmers and the economy will collapse!
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May 31, 2019 17:50
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I've developed an excellent get rich quick plan, which I call the SOAR method. This is built on the same principles that the wealthiest people in the world built their wealth on. SOAR stands for Start Out Already Rich
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May 31, 2019 17:56
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drainpipe posted:If everyone does well in school and gets high paying white collar jobs then there will be no janitors and farmers and the economy will collapse! Yes that's another way in which that sort of advice is good individually but not an answer overall to issues like poverty, but we're getting pretty derailed here.
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May 31, 2019 18:16
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All I know is last time someone shot at a student on a school campus but missed I said “thank god it wasn’t a school shooting” since nobody was shot, just shot at. My point is arguing over the semantics of the word “shooting” is dumb.
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May 31, 2019 18:30
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They (correctly) call out good financial education as form of privilege and then get mad at bloggers for giving out good financial advice for free. It's gate keeping bullshit. Everybody can't retire at 40 but almost everyone can benefit from knowing how to save.
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May 31, 2019 18:48
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Some people like their jobs and wouldn't want to retire. Not me. Get UBI going and I'll be poor and happy.
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May 31, 2019 19:27
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canyoneer posted:I've developed an excellent get rich quick plan, which I call the SOAR method. This is built on the same principles that the wealthiest people in the world built their wealth on. This sounds like a joke my dad likes to tell about farming. He says "how do you make a million dollars as a farmer? You start with two million" 
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May 31, 2019 20:31
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It came from /r/investing. https://www.reddit.com/r/investing/comments/bvasp6/i_am_down_a_jaw_dropping_20_in_one_year I am down a jaw dropping 20% in one year.. (self.investing) by thelostgeologist I fell into the hype of Chinese “garbage stocks” down 50% on YY and IQ and down 35% on JD. also fell for the pot hype train and down 20% on ACB. Also got crushed by CBEO down close to 30%. These stocks were half to portfolio I guess I should stick to index funds?
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May 31, 2019 22:24
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brugroffil posted:Now have everyone do that on a national scale Thank God, finally.
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May 31, 2019 23:08
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brugroffil posted:Now have everyone do that on a national scale I agree, capitalism is bad and dumb and harmful to us, the economy as a whole and the planet, so brugrofifl is correct -- time for socialism. [img-timeline]
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May 31, 2019 23:15
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Weatherman posted:I agree, capitalism is bad and dumb and harmful to us, the economy as a whole and the planet, so brugrofifl is correct -- time for socialism.  A bad post. Please patch the hole leaking C-SPAM everywhere Vox Nihili posted:It came from /r/investing.  Very good AAA+ post. Single stock/China/Penny Stock? Down "a jaw dropping" 20%?"I shoulda stuck with Index Funds"?! 
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May 31, 2019 23:29
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On the plus side people with traditional gambling problems generally lose 100%. If you lost only 20% on the ponies you'd be doing alright.
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May 31, 2019 23:39
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Sock The Great posted:I am reading this on Medium rather than listening to the podcast, so I am not getting their tone, but gently caress this criticism (if it is) to high hell. Cooking your own food, buying used, and performing your own house repairs are all GWL and GWM and are not examples of the "Savings Hero Journey". Not all Millennials are Postmating every meal, having their Dad do home repairs, and complaining on IG stories all day. Their point isn't that these bloggers are giving bad advice. All these articles and bloggers give the impression that regardless of your actual circumstances, all you have to do is cut spending and as if by magic, you'll retire comfortably at 40. The bloggers and articles focus on GWM stuff that are frugal but totally gloss over or completely ignore the ACTUAL reason they're able to retire early, which is that they have a ton of income to begin with but live like they're in poverty. Unfortunately, this plan doesn't work very well for people who live like they're in poverty because they're actually in poverty (or close to it), but that's not the impression these bloggers and "news" articles give.
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Jun 1, 2019 03:47
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STOP BUYING STARBUCKS AND HOWARD SCHULTZ WILL PERSONALLY SUCK YOUIR DICK AND GIVE YOU A MILLION BEZOS STOCKS CLICK HERE NOW
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Jun 1, 2019 04:15
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So my parents just told me they bought into some explora timeshare bullshit, and also straight face told my spouse and I that 'we need to take our kids to disneyland'. So much for an inheritance to bankroll my clickbait blog~
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Jun 1, 2019 04:22
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Guest2553 posted:So my parents just told me they bought into some explora timeshare bullshit, and also straight face told my spouse and I that 'we need to take our kids to disneyland'. Don't you love your kids?
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Jun 1, 2019 04:36
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I'd like some opinions on some numbers I've been crunching. I don't quite trust these. Background: I'm moving to the USA next year: https://forums.somethingawful.com/showthread.php?threadid=3877629 I'm 32 in a couple of months. Have $100k in my Aus. superannuation account. I've received tax advice that when I move to the States next year, I should leave my Aus retirement account alone and just let it grow. So I'll be 33 and starting a 401k and a Roth IRA from nothing. I used the Bankrate calculators: https://www.bankrate.com/calculators/retirement/401-k-retirement-calculator.aspx https://www.bankrate.com/calculators/retirement/roth-ira-plan-calculator.aspx Assumptions on a salary of $80,000 USD: - Starting age 34 (conservative) - 6% return - $500 starting balance - Annual Salary increase 1% - No employer match - Retire at 60 The balances I'm being given are: - $800,000 (401k) - $400,000 (Roth IRA) That cannot be correct. It seems way, way too high. Especially considering I put the same numbers in an Aus. superannuation calculator and come out with $433k on a salary of $80k. I know taxes make a difference here. Super in Aus carries a 15% contribution tax and then carries no tax penalty when removed, vs. a 401k which is taxable on receiving the income (I think?) Just a bit worried these numbers are way too optimistic.
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Jun 1, 2019 04:44
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Immigrating to the USA is BWM and possibly BWL.
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Jun 1, 2019 04:48
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Midjack posted:Immigrating to the USA is BWM and possibly BWL. bwl, but i literally get paid 4 times my cousin and we have the same job (computer touching)
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Jun 1, 2019 05:06
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Have an exit plan to leave again. Especially if you get sick.
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Jun 1, 2019 05:17
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CelestialScribe posted:That cannot be correct. It seems way, way too high. Especially considering I put the same numbers in an Aus. superannuation calculator and come out with $433k on a salary of $80k. + $100k starting = $412k That makes me believe the $433k involves nearly no return over inflation. I don't feel like mathing further than this tonight.
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Jun 1, 2019 05:33
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SpartanIvy posted:Have an exit plan to leave again. Especially if you get sick. We are keeping our house here (we can afford to keep it, vacancy rates are low, etc), and we are all Aus. citizens. If for some reason one of us has an illness that would bankrupt us, we can easily come back and use the medical system here. SiGmA_X posted:15% of 80k times 26yrs = $312k Ah, I'm leaving the 100k here in my retirement account and just letting it grow. Not bringing it over to the States. Midjack posted:Immigrating to the USA is BWM and possibly BWL. Depeeeeeeeeeends. Depends on a lot. BWM in terms of moving costs. GWM for long-term salary and COL projections. The cost of living in Melbourne is absurdly high. Definitely not SF high, but high. Edit: Uhhh I meant to post this in the retirement thread, sorry :\ I guess this might be technically BWM though... CelestialScribe fucked around with this message at 06:35 on Jun 1, 2019 |
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Jun 1, 2019 06:25
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Costco sold someone a $400,000 diamond ringquote:The warehouse retailer said during its latest quarter ended May 12 it got a sales boost thanks to a customer purchasing one of its rings for more than $400,000. It didn't say which ring, exactly, but a search on Costco's website reveals only one ring priced in the $400,000 range: A "Round Brilliant 10.03 carat VS1 Clarity, I Color Diamond Platinum Solitaire Ring." Costco's website shows 500 different rings for sale, many costing more than $50,000.
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Jun 1, 2019 08:07
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CelestialScribe posted:We are keeping our house here (we can afford to keep it, vacancy rates are low, etc), and we are all Aus. citizens. If for some reason one of us has an illness that would bankrupt us, we can easily come back and use the medical system here. flying back every few months for routine medical procedures will likely be cheaper and quicker for you than american medical insurance so just do that instead of enrolling in your employer's american plan
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Jun 1, 2019 08:08
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I'm such a whore for Costco at this point I'll just go ahead and assume that is somehow GWM
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Jun 1, 2019 08:13
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Did I miss something about the Aussie not having employer based insurance? The lack of a 401k match might indicate a contractor without benefits, but if he’s working a Fortune 500 FTE job he’ll have decent to good health benefits.
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Jun 1, 2019 12:56
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Krispy Wafer posted:Did I miss something about the Aussie not having employer based insurance? The lack of a 401k match might indicate a contractor without benefits, but if he’s working a Fortune 500 FTE job he’ll have decent to good health benefits. Plenty of folks go bankrupt with insurance. I was calculating 401k estimatea without a match to be conservative. But yeah, I want an exit strategy even if I have gold plated insurance.
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Jun 1, 2019 13:21
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Enos Cabell posted:I'm such a whore for Costco at this point I'll just go ahead and assume that is somehow GWM Costco jewelry is priced super well, when compared to other retailers, and it’s the only place that accepts returns on it, afaik. It’s still a half million dollar ring, but you can get nice watches and gifts for mom cheap as hell.
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Jun 1, 2019 14:32
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https://www.reddit.com/r/personalfinance/comments/bvkswj/advice_needed_moms_loaning_out_her_401k_to_my/ posted:Hi all,
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Jun 1, 2019 15:59
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Big truck equity
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Jun 1, 2019 16:06
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Wow there is so much stupid in just one Post.
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Jun 1, 2019 16:52
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That's basically how everyone in declining rural America is living right now
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Jun 1, 2019 20:10
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Usually they just move into moms singlewide and wait till she passes away from the sugars or you get insurance money for it burning down because it's packed to the gills with poo poo and you all smoke.
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Jun 1, 2019 21:06
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tater_salad posted:Usually they just move into moms singlewide and wait till she passes away from the sugars or you get insurance money for it burning down because it's packed to the gills with poo poo and you all smoke. lol "the sugars" i love it
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Jun 1, 2019 21:27
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Enos Cabell posted:I'm such a whore for Costco at this point I'll just go ahead and assume that is somehow GWM
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Jun 1, 2019 22:43
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CannonFodder posted:If they used their Costco Citibank card the cash back will be substantial. 8k plus the 8k rebate from the executive card! How do you even pay for something like that?
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Jun 1, 2019 23:19
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StormDrain posted:8k plus the 8k rebate from the executive card! How do you even pay for something like that? Straight Cash Homie
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Jun 2, 2019 00:12
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Lowness 72 posted:lol "the sugars" i love it It’s an accurate picture. Only stating “The pressure and the sugars” was often the complete Past Medical History when I was an intern.
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Jun 2, 2019 02:00
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I never, ever post or respond to this nonsense on Facebook, but this was too much to ignore. It does though?
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Jun 3, 2019 14:27
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Especially wrong since apparently labor is < 10% of the price of milk.quote:Labor represented 8.7 percent of the total cost to produce a cwt. of milk
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Jun 3, 2019 14:30
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