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They haven't managed to invest anything for their retirement, but they have managed to raise a sucker who will provide for them, so GWM overall.
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Jan 3, 2019 02:41
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Motronic posted:Weekly Motel Sinkhole. (self.personalfinance) $1,340 a month for his motel? Man, it's expensive being poor. This one's more Sad With Money, even if it is a perfect example of "spend less on weed and cigarettes" "no"
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Jan 3, 2019 22:08
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You can buy these precious beads and casino tokens if you'll just sign this document assigning your
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Jan 7, 2019 20:56
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Motronic posted:Can you trade in your car right after refinancing? (self.personalfinance)  Does anyone have any idea how his maths are supposed to work? I'm really curious, but I absolutely don't understand what he thinks he's doing. There's a part where he thinks that because he owes 13k on the car, it's automatically worth 13k, but then there's 6k seemingly out of nowhere?
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Jan 10, 2019 01:42
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I mean, theoretically I assume it's theft if they're taking money from him without his consent, but lol at trying to convince anyone that "no I wrote those cheques as a joke, and we had an agreement that they should never be cashed!"
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Jan 10, 2019 20:38
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therobit posted:Holy poo poo. I thought there might be something more to it, but if you look at his rap sheet it is nearly all probations because a mod doesn't agree with his/her point of view. Excellent username/ban reason combo Man, this thread just won't be the same without the MVP 
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Jan 17, 2019 22:04
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How does someone become that servile? If a company that I worked for told us that it was having financial issues, I'd start looking for a new job, not ways of saving the company money. Upside down on our car https://old.reddit.com/r/personalfinance/comments/ahy9lb/upside_down_on_our_car/ quote:And trying to get out of a payment. Long story short, I needed a reliable car 2 years ago for my out of town clinical rotations and my '01 Audi with 200K+ miles wasn't going to cut it. I now have a '13 Chrysler 300 and my husband's friend who owns a dealership sold it to is for the price he bought it at (around $17K) plus fees, etc. so the total loan was just under $20K. How can I take myself off a co-signed car note https://old.reddit.com/r/personalfinance/comments/ak93ae/how_can_i_take_myself_off_a_cosigned_car_note/ quote:So about a year ago I decided to be nice and help a close relative co-sign a car. He said that his SO and himself will pay the note and I won't have to worry about. Fast forward about 10 or 11 months he decided to stop paying for it and forced my to take over the note, cause if i don't it would ruin my credit. I'm hoping you guys and gals can help me figure out how to get my name off the note/loan. Note: The family member's credit is not good cause of student loans. Don't know if this matters. quote:You are 100% responsible for paying this loan as a co-signer. If he cannot refinance in his own name and is not paying the bill, I highly suggest you repo the car as co-owner and sell the drat thing. If he can’t pay the bill, he doesn’t get to drive it. quote:Luckily ,since he doesn't have a license, he can't drive it. Got suspended because of unpaid tickets. His SO was suppose to drive him around but they broke up and she wasn't paying for it so we took it back from her
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Jan 27, 2019 14:27
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Hello, friend! Do you have any BWM to share? Seen a horse lately?
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Jan 31, 2019 09:23
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Out of all the animals, rats seem like they would be the easiest to hoard.
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Jan 31, 2019 19:57
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Paying 1% - 3% on a large amount of hard-earned money does suck, and I can totally empathise with this guy wanting to avoid that. But if you're going to use something as shady as crypto to do it, wouldn't you at the very least transfer it in smaller chunks rather than doing it all at once?
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Feb 10, 2019 20:33
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Highly BWM. I'm sure you can buy love for much less than $2,600.
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Feb 12, 2019 17:45
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If the BWM thread won't come to BFC, then BFC must come to the BWM thread: Co-signing for a coworker for $1,500 and plans to refinance. https://www.reddit.com/r/personalfinance/comments/aqxm6y/cosigning_for_a_coworker_for_1500_and_plans_to/ quote:Alright folks, here's the spiel; There's a gentleman at work (in his mid 40's or so) who just finished court proceedings finalizing bankruptcy. He had some outstanding medical bills in collections from when he was a youth, and not the most successful or wisest kid around. He now makes over $20 an hour, is never late to work, has never called in, is well liked by all, and plans to stay at the company for a career. To highlight the character of this individual he even runs a charity organization that provides low income families with Christmas presents for their children. I currently am in a pretty rough vehicle situation and need some advice to get out of it, anything helps! https://www.reddit.com/r/personalfinance/comments/asz6s4/i_currently_am_in_a_pretty_rough_vehicle/ quote:Hey guys, i’m in a bit of a predicament. I’m 18 years old and need a new vehicle. I currently drive a 1984 K10 that my parents got me when i was 16 from a family member, i drive it everyday and have to fill up 2, maybe 3 times a week. It’s about $27 filled all the way up and i have to spend anywhere from $275 - $320 a month on gas, it’s ridiculous! I pay for my own gas and maintenance (and i’m sure you can guess how much maintenance i have to do on a 36 year old truck). I make $9/hr and work 25-32 hours a week. I just don’t know where to turn. I don’t know if i should get my parents to co-sign on a loan, if i should just apply for a loan, or if i should just suck it up and run the drat thing till the wheels fall off. I would sell it but the trucks been in the family so long part of the deal me and my dad made when he got it for me was that i couldn’t sell it. Any advice would help. Thanks so much! How to fix my credit? https://www.reddit.com/r/personalfinance/comments/ashn1m/how_to_fix_my_credit/ quote:Hey everyone, my first post here so I’m sorry if I’m making a common post. I’m 22 years old and my credit score is in the 500’s. I have a few accounts in collections and two open credit lines, both maxed out. The only problem is that these aren’t my credit cards, my mom used my social to get credit in my name and now she isn’t paying them off and it’s making my credit score plummet. I’m not sure what to do about it. I don’t want to report her and maybe sent to prison? But I’m trying to move out and get a nicer car in the near future and it’ll be way simpler to do that with a good credit score. I’ve always held a job, currently working full time with the same employer for two years. I know how to handle my money but my mom screwed me over. Is there someway I can close these accounts?
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Feb 21, 2019 09:07
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Now just add "can I have it anyway?" and it becomes GWM.
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Feb 25, 2019 09:59
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It is so well established in pop culture that timeshares are a scam and a money pit, how are people still buying these? Are there still people buying literal snake oil to cure their illnesses?
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Mar 3, 2019 22:18
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I wouldn't want to go to one of those presentations because, as has been said, a lot of people who think they're too smart to fall for it do fall for it. But I'd be really interested in seeing a recording of an actual successful session. There's got to be some bizarre moon maths involved to make a timeshare seem like a good idea, probably along with some unpleasant pressure tactics.
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Mar 4, 2019 16:54
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It's not really a scam, it's just a terribly bad deal, in the same way as a 20% auto loan. You buy the right to live in a property for X weeks per year in exchange for cash up front and an obligation to pay part of the running costs, but when you realise that you're paying way more than what that right is worth to you, it's impossible to get rid of the timeshare and the payment obligation.
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Mar 4, 2019 17:23
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The Slack Lagoon posted:Is there a case where time shares ever make sense? What did you do
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Mar 4, 2019 17:26
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Homeopathic remedies must have some medical benefits, otherwise why would people still be selling them?
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Mar 4, 2019 17:54
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moana posted:Okay, so what would be the optimal way for the inlaws to gift them a down payment without taking on too much risk of their own? Because obviously their end is: if we give them a check for $200k and then she splits the day after they close, she'll be taking half of it (I'm pretty sure - California is a community property state). The trust protects them from that. Is there another option that would protect them from that risk and also put her on the title? I'm looking for an alternative I can offer without talking too much poo poo on her inlaws. Is your question "how can I help with the downpayment if I don't trust that hussy to not run off with all the money before the ink is even dry - in a way that doesn't look like I don't trust her"?
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Mar 4, 2019 22:43
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The Supreme Court once had to look at a similar case where there was a tariff in place on vegetables, but not fruit, and they decided that a tomato was legally a vegetable because it is commonly considered to be one, even though scientifically speaking it is a fruit: https://en.wikipedia.org/wiki/Nix_v._Hedden
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Mar 6, 2019 22:04
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Leperflesh posted:One of those (depressingly common) cases where the law has to make a determination because the legislative and/or executive did something essentially absurd and stupid. In this case, slapping import tariffs on vegetables but not fruits, and failing to be explicit in the law as to what exactly those terms covered. Man, that's nothing: https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/4514338/MandS-wins-13-year-dispute-with-tax-man-over-tea-cakes.html quote:After an estimated £2 million in legal fees, £3.5 million in damages, eight trips to court, and a referral to the European court of Justice, the retailer won the final stage of its tortuous dispute against HM Revenue & Customs in the House of Lords on Wednesday.
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Mar 6, 2019 22:34
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GoGoGadgetChris posted:Now you're just throwing memes around. College is good, debate this if you must. Post the toilet.
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Apr 19, 2019 18:06
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Cacafuego posted:Should I climb MT Denali Things are clearly very efficient over in r/askcarsales. He posts his own BWM questions along with the correct answer at the end of the very same post!
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Apr 30, 2019 13:29
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Grem posted:Do you have a link? I recently tried to find that thread again, and it seems like the entire Contrarian Investor forum has shut down. Luckily, the thread is available on Wayback Machine: https://web.archive.org/web/2017062...tat.69/page-500 This is immediately after trading gets halted on GTAT, and everyone starts speculating that it must be because something wonderful has happened, and the stock is going to rise so much in value.
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May 7, 2019 07:21
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Humble Bundles: GWM and GW charity BWM:  https://www.humblebundle.com/books/financial-technology-books
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May 18, 2019 19:20
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tater_salad posted:I'm the Bitcoin investment book. :zaurag: That's nearly all of them: 
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May 18, 2019 19:30
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Barry posted:
fixed
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May 22, 2019 14:54
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GoGoGadgetChris posted:Oh jeez, that's quite an update on that guy. Glad his wife is getting treatment for her illness and that he's made such good progress on cleaning up the mess she made 
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May 29, 2019 10:39
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If you try to save money by spending less than you earn then you are a class traitor hth
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May 31, 2019 15:25
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Fitzy Fitz posted:fleeing mild poverty to live in extreme poverty is only BWM if there are no elephants Best financial advice: Flee to India, Ride Elephants
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May 31, 2019 15:59
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I mean, wide-scale lowering of consumption and materialism would be pretty bad for GDP. It would probably be very good for the environment and society, though.
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May 31, 2019 17:34
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Well, that wouldn't work. Some brave job-creator would have to take one for the team and earn all the money so they can pay taxes to fund all the government handouts. I volunteer.
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Jun 3, 2019 15:01
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Also, I'm going to need the records that show whether or not I actually pay any taxes to remain secret. I think that's only fair.
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Jun 3, 2019 15:02
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I can't even understand what they imagine is going to happen. Like, okay, Iraq decides to try to fix their exchange rate, so they say "hey, bring us 10,000 Old Dinars and we'll exchange it for 1 New Dinar. Old Dinars are now no longer legal tender." How would that make them rich?
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Jun 15, 2019 16:21
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Instead of all that, what about Universal Basic Return on Capital? It'll ensure that valued job-creators earn at least a modest 15% - 20% p.a. so they have something to live off in hard times.
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Jun 18, 2019 07:07
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Dr. Eldarion posted:Oh man click the link, there's a lot more there. I don't know this guy, but smh that the nickname is "Boogie1488" instead of the much more apt "Bougie2988"
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Jul 3, 2019 18:48
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Olive Branch posted:Don't mind me, just linking to a series of blog posts by a Canadian financial analyst who tried a project of having a million dollars in his tax free savings account by 2033 and meticulously tracked, month after month, his journey over six years before giving up. He almost constantly underperformed the market because he thought his models and education made him smarter than passive investors and basically went all in on oil. Holy poo poo. I just ran the numbers from his page since July last year: Month ____ Choi____ Canadian stock market Jul-18____-10.1% ____1.1% Aug-18____ -3.8% ____-0.8% Sep-18 ____-1.2% ____-0.9% Oct-18 ____-16.2% ____-6.3% Nov-18 ____-17.8% ____1.1% Dec-18 ____-5.1% ____-5.4% Jan-19 ____0.5% ____8.4% Feb-19 ____0.0% ____3.0% Mar-19 ____-3.5% ____0.6% Apr-19 ____12.3% ____3.0% May-19 ____-13.8% ____-3.3% $100 invested 1 July: ________ $52.44____ $99.64 That is the worst legitimate investment performance I have ever seen in my life. It's like he inflicted two great depressions on himself.
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Jul 3, 2019 22:37
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Switchback posted:I just mean that I’m the UK or France or whatever, a lot more of your “character” is based on who your parents are. Class culture is much deeper and more ingrained. America was decidedly founded on a “don’t judge me by my Father” attitude and IMO it’s one of the really great and unique things about American culture. It’s a cultural value that bridges all the petty political divides and I never really noticed it until I moved abroad. No one in the UK thinks that who your parents are is part of your character, unless you're like an aristocrat or something, hth
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Jul 4, 2019 08:03
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After a certain amount of losses, Robinhood should probably go "all right, buddy, you're only allowed unleveraged long positions from now on"
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Jul 5, 2019 08:27
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Just dump surplus money in a tax-free stocks and shares ISA. The savings limit is £20,000 per year, and if you're saving that much, you're probably doing very well.
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Jul 7, 2019 15:04
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