Cars for many, many americans.
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08-24-2020, 01:57 PM #31
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08-24-2020, 03:53 PM #32
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08-25-2020, 04:24 PM #33
I go to the casino to play poker (pre rona) and I see many people that think they can play, making 'investments' (bets) that are terrible. Oh and I also saw a Chinese girl crying hysterically on the stairs on the way out one time. I guess she made some bad choices.
EDIT
Also knew a girl a long time ago who had what would be equivalent to her annual salary in credit debt, let's say the same as having ~$35K credit card debt today with a job barely over entry level."A stupid man's report of what a clever man says can never be accurate, because he unconsciously translates what he hears into something he can understand."
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08-25-2020, 04:27 PM #34
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08-25-2020, 04:31 PM #35
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09-19-2020, 06:38 AM #36
- Join Date: Jan 2011
- Location: Colorado, United States
- Posts: 22,059
- Rep Power: 538089
Girl I knew growing up inherited a $280,000 trust fund when she was 18. She blew the entire thing on a car, teaching degree, travel, partying, and blow. Now sheβs in credit card debt lol
If she would have put it in S&P 500 mutual funds and left it there, sheβd have about $1.3million at 29 years old at this point.See title.
Always Neg Back Crew.
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09-19-2020, 07:49 AM #37
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09-19-2020, 12:14 PM #38
My girlfriend used to earn 1 to 2 million per year and she spent every penny of it. All she has left from when she was earning that much money is two high end cars lol.
I don't know a total of how much she made/spent over a 10 year period but at the end it was 2 mil per year. Now she just wants a low stress job/lifestyle.
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09-20-2020, 03:37 PM #39
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09-20-2020, 07:31 PM #40
Off the top of my head?
Getting married and then divorcing only a short time after, like a matter of months.
I'm not even talking about the dividing of assets.
Just the cost of the wedding alone.
Also, buying a $500,000+ house as your first home....and according to which an ensign might rank incomparably higher than a general, and according to which what was needed for success in the service was not effort or work, or courage, or perseverance, but only the knowledge of how to get on with those who can grant rewards, and he was himself often surprised at the rapidity of his success, and at the inability of others to understand these things
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09-20-2020, 09:58 PM #41
Clown world.
Wife and I have been together since forever.
This has never come up.
Maybe types described above are all just hanging around bad people?
It is common knowledge women go for scum bag males (chads) just because of their looks or popularity and surprise surprise, issues with debt on one side or both show up after a few minutes of lust....and according to which an ensign might rank incomparably higher than a general, and according to which what was needed for success in the service was not effort or work, or courage, or perseverance, but only the knowledge of how to get on with those who can grant rewards, and he was himself often surprised at the rapidity of his success, and at the inability of others to understand these things
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09-21-2020, 04:05 PM #42
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09-28-2020, 09:57 AM #43
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09-28-2020, 10:15 AM #44
Worst investments I've seen are people buying relatively cheap land ($15,000) in areas where the govt won't let you build ****. I guess unless the govt deems it habitable which they won't since CA refuses to build more housing that isn't ****ty apartments.
Also knew someone who blew their parent's entire college savings on a new car+upgrades.
Someone kept switching majors, so like 3 semesters were wasted on classes they were never going to use.
Someone told me how someone's parent's cosigned a mortgage for a relative with $0 income and somehow got it approved.
Someone also bought a used car back in the day (90s) for some stupid amount, and it ended up breaking down soon after.
Someone threw away money and bought used car parts (muscle cars, antique car parts) and they've just been sitting in his backyard rusting away taking up like 20% of his lawn.
Also I've seen houses on Zillow foreclosing for such a low amount.
Moving to San Diego is also a really really bad investment. Wages are super low compared to the rest of the state and jobs are super competitive. Housing for a decent home is $700,000. Didn't someone on the misc have to move after they came to SD? I know a few people when I was working minimum wage, who came here from Arizona and Texas who moved back soon after when they realized the cost is way too high.Last edited by AccountingMajor; 09-28-2020 at 05:44 PM.
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09-28-2020, 10:31 AM #45
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09-28-2020, 10:42 AM #46
Donβt see how thatβs a bad investment, just bad management.
Mirin location. Hey how is real estate found where you are? Doesnβt seem like you guys have a Zillow or Redfin sort of site right? How do you find homes for sale? Looking to buy something in Vienna or Salzburg. Will rep for answers"It won't get better, just different."
βYeah, that's what the present is. It's a little unsatisfying because life's a little unsatisfying.β
Bring back ****gβββot, ****gβββot .
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09-28-2020, 11:03 AM #47
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09-28-2020, 11:41 AM #48
Don't know any big English ones but here are the biggest German ones:
https://www.immobilienscout24.at/
https://www.immowelt.at/
https://mobile.willhaben.at/immobilienHow to lose fat for Noobs: http://forum.bodybuilding.com/showthread.php?t=129247741
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09-28-2020, 01:41 PM #49
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09-28-2020, 01:52 PM #50
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09-29-2020, 06:52 AM #51
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09-29-2020, 07:03 AM #52
Here's a good one, $70k down the drain
https://forum.bodybuilding.com/showt...hp?t=174908421
Cliffs:
Foreign "property investment". I know personally lots of people that have been taken by scams like this.
These ones are in low income but beautiful countries (St. Lucia, Nicarauga, Haiti, etc). You pre buy (spec) a condo on the beach in these countries, not yet built. Often they have adjacent properties "already built by the same developer" to help with the con. Because its a third world country, things move differently, they drag you along for a couple years until you come to the realization that you're neither getting your retirement property nor your money back. A coworker in his 50s fell for a similar scam and dragged his girlfriend into it as well. Cost him I think $150k and her $50k as well as their relationship.
One was a development at a nearby lake. The developer was trying to raise capital for the development so the deal was you would buy an undeveloped lot for $60,000, this would help the developer finance the development, and when it was complete you had a $200,000 developed lot to do whatever you wanted to with. Land is still undeveloped 10 years later. Money is long gone.
^^
The above scam had been brought to me by a close friend of mine. I was *this* close to taking part into it but I spent some time thinking and realized an investing rule of thumb that I still live by today:
"Great investments are always found, never sold". Really, if there was an opportunity to make huge cash, why would a sane person not hoard all that opportunity to themselves.
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09-29-2020, 07:09 AM #53
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09-29-2020, 07:48 AM #54
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10-04-2020, 08:50 AM #55
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10-04-2020, 12:41 PM #56
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10-04-2020, 06:01 PM #57
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10-06-2020, 09:46 AM #58
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10-17-2020, 07:02 PM #59
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10-17-2020, 07:09 PM #60
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