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Quoted: My story is pretty good In 2012 I made $190,000 as per my tax return working only one job Last year I made $50,000 working two jobs Liquidated pretty much all I could to pay everyone that I owned money to and in August 2018 I only had $20 to my name. I have more than $20 to my name so I’ve been climbing back up there and maybe one day I’ll retire Paying back debt is a rare characteristic these days, good for you. |
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only one i know of recently was the neighbors when i bought my house 3 years ago. mom, dad, daughter about 13 and two late teen boys, maybe 17 or so. dad worked at the coal mines, and mom had a office job i think. their house was decent, and on 10 acres, but the house was receiving little upkeep, needed paint, dead landscaping etc. they had a few horses, who were basically living in a fenced 1 acre mud hole and seemed lucky to get fed a bale of hay once a week. they however had a nice camper parked out back, and each boy had a big newer model 4x4 truck, mom had a nice car, and dad had a big 4x4 truck as well. i approached them about buying a few acres from them, they said hell no. were living here forever, we love this place. the dad liked changing vehicles, and had several new trucks in a row, they acted like they either didnt care about doing upkeep on the house, or could not afford to. then the camper disappeared one day, not long after they started talking about selling the house. the tried to sell at a high price with zero work on the house. they had to take it off the market and do a lot of painting and such. relisted it and finally sold it. then they moved a few miles away and the entire family of 5 were living in a old rusty camper in a farmers backyard. they did that for 2-3 months and then disappeared. then my new neighbor starts telling me about all the repo people calling the house, and coming by looking for the previous people to repo vehicles, trying to file leins, bankruptsy notices being delivered. apparently they moved but kept giving everyone their old address as they were still somehow buying shit on credit, and old creditors were hunting for them. one guy showed up claiming they had come to his car lot a month earlier and gave a sob story and the guy had sold the dad, and each teen son a newer 4x4 truck, based on promises of weekly payments. when he didnt get a payment for a month he came looking for the vehicles, only to find out they had not been living at that address they gave him for 6 months or more. |
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Where I grew up, each subdivision ("village") was defined by how much the houses cost. Your social status as adults and kids was based on what village you lived in. People would buy in the most expensive village they could just so they could have the status, but many were flat broke, had little or no furniture in the house and hid their older model cars in the garage. They were called "thousand dollar a month millionaires". My ex-wife was of the opinion that credit card debt, student loan debt, and living beyond our means was ok because "everyone is in debt". Reason #3 why she is my ex. |
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Quoted: Been right there with you @midcap. Had a rough couple of years after contracting. In 2016, after injuries forced me to call it quits for good, I made a whopping $18k on my W2. We made some changes, made a move to a lower cost of living area and last year our combined W2 was well over $100k. God blessed us, but we chose to pay people back and lower our standard of living until we could turn things around. Congratulations on climbing back up. You can fall 100 times, but you only fail if you don't get back up. Quoted: Quoted: My story is pretty good In 2012 I made $190,000 as per my tax return working only one job Last year I made $50,000 working two jobs Liquidated pretty much all I could to pay everyone that I owned money to and in August 2018 I only had $20 to my name. I have more than $20 to my name so I’ve been climbing back up there and maybe one day I’ll retire Been right there with you @midcap. Had a rough couple of years after contracting. In 2016, after injuries forced me to call it quits for good, I made a whopping $18k on my W2. We made some changes, made a move to a lower cost of living area and last year our combined W2 was well over $100k. God blessed us, but we chose to pay people back and lower our standard of living until we could turn things around. Congratulations on climbing back up. You can fall 100 times, but you only fail if you don't get back up. a buddy of mine / friend from the national guard got into contracting during our bosnia deployment around 2002. he started working for brown and root IIRC, gone for long periods of time making big tax free deployment money and planning on doing that for 5-10 years and then retiring at around 40 years old. he put pretty much everything he made into savings. about 2 or 3 years into it, he comes home and discovers his wife was tired of being alone and was gone. she had apparently sold their paid off house that was a wedding gift from his / their parents, cleaned out every penny of the savings from his 2-3 years of contracting and had filed for divorce. |
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Quoted: One thing I notice in these threads is that everyone assumes they know exactly what peoples incomes are, particularly those who work the same jobs as the people they're talking about. You know their base rate, not any investments or inheritances they might be receiving, while others might peddle drugs on the side. For those that watched the implosion happen is another story, for those waiting to see it might be surprised when it doesn't happen for the aforementioned reasons. Things aren't always as they appear.  I'm in debt up to my eyeballs... |
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My ex wife did't really live beyond our means , she just felt like everything would work out in the end. It didn't and we divorced and I lost a shit ton of money. Another example was my sister who filed bankruptcy three or four times. Always had the toys , went on vacations , nice cars , kids did all the stuff , and never could pay it off. |
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Quoted: she had apparently sold their paid off house that was a wedding gift from his / their parents, cleaned out every penny of the savings from his 2-3 years of contracting and had filed for divorce. How could she have sold "their" house? It would have been in both of their names? |
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Quoted: Guy I knew had a pretty low end wage. He traded in truck after truck almost immediately. He got a little better job/pay every so often. His sister told me the last diesel he wound up with had $80k of loan on it and then was several years ago. Maybe $40-$45k truck. back around 1999-2001 or so, i had a coworker like that, he got that trading bug and did that stuff for about a year or so. he was " friends" with a local car lot. he would buy a used vehicle from them that struck his fancy and drive it for a month, maybe as long as 2 or 3 months, then they would get something new that caught his eye and he would trade in the old vehicle on the new, rolling over the old note into the new one. the guy made $12 bucks a hour or so. in about 12-15 months he went thru around 6 vehicles. he had a 4x4 truck, then a mustang, then another truck, then a car, and maybe a few other vehicles IIRC , the last was a jeep grand cherokee. the grand cherokee was 5 years old. one day he let it slip that he could not trade vehicles anymore as the bank refused his new vehicle the day before, so he had to keep that grand cherokee for a while as he owed $43k on it from all the vehicle roll overs he had been doing. |
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Had an acquaintance that was making about $60k per year. We're in BFE and living expenses are LOW here. $60k a year and you can live a really nice life. Anyway, she was going on about how it was impossible for her to save any money, she was going into more and more debt every year.....yada yada yada, you know the story. She was living in a baller apartment that cost $1500 + utilities per month, had a brand new $40k VW with all of the bells and whistles, ate out and drank out all of the time, etc... Basically a financial nightmare. She wanted to talk to me about how I live debt free and to get to where she was saving and living debt free. I started walking her through what she would need to do to live within what she made (and God damn if I wasn't using baby gloves talking to her). By the end she yelled at me "WELL NOBODY WANTS TO LIVE LIKE YOU LIVE!" I think she wanted some magic answer where she could keep living how she was, change nothing, and magically have more money in the bank. (Side note: I don't live poor. I own my own house, drive a reliable low mileage 08 Honda, etc... I just live within my means) |
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Quoted: A retired O6 with thirty years does not make this much even if they are drawing 100% from the VA. Your buddy is either a retired general officer or a liar. Quoted: Quoted: Alright, I got one. Buddy of mine is retired sf,..... next retirement check. I'm like, how much is that? $14000. A retired O6 with thirty years does not make this much even if they are drawing 100% from the VA. Your buddy is either a retired general officer or a liar. Anything's possible. His wife is active military and he counts her paycheck too I think. At any rate he lives beyond his means. |
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Quoted: How could she have sold "their" house? It would have been in both of their names? Power of attorney Shit can get messy.....If the guy really wanted to go after her, he could spend thousands on lawyers to get her to pay it back. And then she still might not. Divorce really just fucks over guys in the US. The courts don't give a shit about what happens to the men. If it had been the other way around, the courts would have wrecked that guy for selling the house, etc... |
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Worst case I know of is of a female lawyer friend of mine. 250K in student loans, 70K in wedding debt for a marriage that lasted only 4 years, maxed out credit cards, single parent, in a 2000/month apartment in a major city where she also has to support her elderly immigrant parents. I try to stay positive talking to her for her sake and coach her on what she can do, but honestly I don't think this is a hole she can dig out of. She can't BK on those student loans or even miss payments as her aunt is a cosigner and it would take her down as well. |
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Quoted: a buddy of mine / friend from the national guard got into contracting during our bosnia deployment around 2002. he started working for brown and root IIRC, gone for long periods of time making big tax free deployment money and planning on doing that for 5-10 years and then retiring at around 40 years old. he put pretty much everything he made into savings. about 2 or 3 years into it, he comes home and discovers his wife was tired of being alone and was gone. she had apparently sold their paid off house that was a wedding gift from his / their parents, cleaned out every penny of the savings from his 2-3 years of contracting and had filed for divorce. Quoted: Quoted: Quoted: My story is pretty good In 2012 I made $190,000 as per my tax return working only one job Last year I made $50,000 working two jobs Liquidated pretty much all I could to pay everyone that I owned money to and in August 2018 I only had $20 to my name. I have more than $20 to my name so I’ve been climbing back up there and maybe one day I’ll retire Been right there with you @midcap. Had a rough couple of years after contracting. In 2016, after injuries forced me to call it quits for good, I made a whopping $18k on my W2. We made some changes, made a move to a lower cost of living area and last year our combined W2 was well over $100k. God blessed us, but we chose to pay people back and lower our standard of living until we could turn things around. Congratulations on climbing back up. You can fall 100 times, but you only fail if you don't get back up. a buddy of mine / friend from the national guard got into contracting during our bosnia deployment around 2002. he started working for brown and root IIRC, gone for long periods of time making big tax free deployment money and planning on doing that for 5-10 years and then retiring at around 40 years old. he put pretty much everything he made into savings. about 2 or 3 years into it, he comes home and discovers his wife was tired of being alone and was gone. she had apparently sold their paid off house that was a wedding gift from his / their parents, cleaned out every penny of the savings from his 2-3 years of contracting and had filed for divorce. Hmm, how was she able to sell a house they owned? Unless it was titled in her name only? Even then I would think it would be a marital asset that would have to be disclosed during the divorce proceedings. Same w/ the savings account. |
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Quoted: How could she have sold "their" house? It would have been in both of their names? Quoted: Quoted: she had apparently sold their paid off house that was a wedding gift from his / their parents, cleaned out every penny of the savings from his 2-3 years of contracting and had filed for divorce. How could she have sold "their" house? It would have been in both of their names? i didnt know the details on the house, i just heard she had sold their paid off house which had been a wedding gift, and taken the cash from that and all the money from their savings and ran off and filed for divorce. |
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Quoted: Power of attorney Shit can get messy.....If the guy really wanted to go after her, he could spend thousands on lawyers to get her to pay it back. And then she still might not. Divorce really just fucks over guys in the US. The courts don't give a shit about what happens to the men. If it had been the other way around, the courts would have wrecked that guy for selling the house, etc... Quoted: Quoted: How could she have sold "their" house? It would have been in both of their names? Power of attorney Shit can get messy.....If the guy really wanted to go after her, he could spend thousands on lawyers to get her to pay it back. And then she still might not. Divorce really just fucks over guys in the US. The courts don't give a shit about what happens to the men. If it had been the other way around, the courts would have wrecked that guy for selling the house, etc... yeah, i bet your right. she probably had one to deal with things as he was out of the country most of the time working security contractor jobs. |
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Quoted: Power of attorney Shit can get messy.....If the guy really wanted to go after her, he could spend thousands on lawyers to get her to pay it back. And then she still might not. Divorce really just fucks over guys in the US. The courts don't give a shit about what happens to the men. If it had been the other way around, the courts would have wrecked that guy for selling the house, etc... I understand what a power of attorney is, but he is required to sign the power of attorney in front of a notary... That means he either signed a general power of attorney giving her authority over all assets, or a limited power of attorney giving her the ability to sign as him over certain things....The other option would be that he signed the house over willingly...Either way, he had to sign something. Or it was never "their" house to begin with, it was her house. |
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Quoted: Hmm, how was she able to sell a house they owned? Unless it was titled in her name only? Even then I would think it would be a marital asset that would have to be disclosed during the divorce proceedings. Same w/ the savings account. Quoted: Quoted: Quoted: Quoted: My story is pretty good In 2012 I made $190,000 as per my tax return working only one job Last year I made $50,000 working two jobs Liquidated pretty much all I could to pay everyone that I owned money to and in August 2018 I only had $20 to my name. I have more than $20 to my name so I’ve been climbing back up there and maybe one day I’ll retire Been right there with you @midcap. Had a rough couple of years after contracting. In 2016, after injuries forced me to call it quits for good, I made a whopping $18k on my W2. We made some changes, made a move to a lower cost of living area and last year our combined W2 was well over $100k. God blessed us, but we chose to pay people back and lower our standard of living until we could turn things around. Congratulations on climbing back up. You can fall 100 times, but you only fail if you don't get back up. a buddy of mine / friend from the national guard got into contracting during our bosnia deployment around 2002. he started working for brown and root IIRC, gone for long periods of time making big tax free deployment money and planning on doing that for 5-10 years and then retiring at around 40 years old. he put pretty much everything he made into savings. about 2 or 3 years into it, he comes home and discovers his wife was tired of being alone and was gone. she had apparently sold their paid off house that was a wedding gift from his / their parents, cleaned out every penny of the savings from his 2-3 years of contracting and had filed for divorce. Hmm, how was she able to sell a house they owned? Unless it was titled in her name only? Even then I would think it would be a marital asset that would have to be disclosed during the divorce proceedings. Same w/ the savings account. i think she had a power of attorney for him as he was out of the country most of the year. theres tons of horror stories about soldiers who gave power of attorney to their wives / mother / brother etc to handle their affairs while deployed. they come home to discover they had sold their car, boat, truck, house, opened credit lines, cleaned out bank / savings accounts etc. |
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Quoted: I understand what a power of attorney is, but he is required to sign the power of attorney in front of a notary... That means he either signed a general power of attorney giving her authority over all assets, or a limited power of attorney giving her the ability to sign as him over certain things....The other option would be that he signed the house over willingly...Either way, he had to sign something. Or it was never "their" house to begin with, it was her house. My ex and I had both signed power of attorney papers when we were married. I'm betting they did too. Especially if he was over seas for extended periods. That isn't an odd thing to do. Honestly, unless you're married to a crazy person, it's a good thing to have power of attorney signed over. Otherwise, if something happens to you, things can get really messy with families, people claiming stuff, etc... Your most trusted person should hold your power of attorney. |
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1.5 years ago my Brother's wife texts me and says "I want to quit working at Subway and take this other job, but it's a $2/hr pay cut. Can we do it?" I said 'gimme your bills/income down to food/gas.' When I did their budget, they had $200/month left over. That was it. $110k student loans $180k mortgage $10k cars $17k fucking new windows in their house I replied back a few hours later "Not only can you NOT quit your job, you're a couple missed paychecks away from losing some serious shit. You need to pay off your credit cards and your cars, and then you can think about quitting your job." I went on to politely explain they were in serious trouble and that she should seriously start considering saving some money for a rainy day and paying off debts. Her: "Oh, OK, I knew we were bad, but didn't realize it was that bad!". She then quit her job a week later. It gets better... She went to work at a Dental Office, and she has a degree as a Dental Hygienist, as a receptionist. (she won't do the DH gig as it's "Too stressful") Before COVID, she bitched on FB about never having any money to pay bills. I saw her selling shoes and kids toys etc on FB Marketplace all the time. She then posts about how she's working at Subway again on the weekends, while working FT at Dental gig. I asked her "Are you paying off your debts finally?" She said "No, I'm working at Subway so we can go to Branson, MO in May". She lost BOTH jobs with COVID and hasn't been back to work at all. I offered to buy them Dave Ramsey's Financial Peace U and that I would completely stay out of the way..... They refused. |
| I bought my first house fresh out of college with my first job. Also got a sports car and modded the crap out of it. I would take my friends out to dinner and pick up the tab at least once a month. Dinner every night at my favorite pub during the week. Then the dot com bubble burst and I was sleeping on a friends sofa after I was layed off. Fortunately was able to sell the house and pocket the difference. Stay humble my friends. |
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Quoted: Too stressful to be a hygienist? wtf? That's like a dream job for an average woman. It would be 4x the income of Subway.  So not only does she have student loan debt, to get out of working at Subway as the manager (she has been working there since HS), but she's not even working as a Hygienist, but still moved on for less $$ than Subway. It's like doubling down on dumb. |
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Quoted: One thing I notice in these threads is that everyone assumes they know exactly what peoples incomes are, particularly those who work the same jobs as the people they're talking about. You know their base rate, not any investments or inheritances they might be receiving, while others might peddle drugs on the side. For those that watched the implosion happen is another story, for those waiting to see it might be surprised when it doesn't happen for the aforementioned reasons. Things aren't always as they appear. Saying “everyone assumes they know” is kind of painting with a broad brush, isn’t it? The ones who do are evident in what they write. |
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Quoted: $500 a month will be quite difficult depending on what amenities you want. Always factor in health care...Unless you are on the exchange, it will be difficult. No real healthcare option. You aren't thinking outside the box and assume I'm relocating in the US. |
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Quoted: Unless the home was truly insane, that's hard even for an American to do, assuming the 1MM / yr continued. Quoted: Quoted: I saw an interventional cardiologist with an income around 1,000,000 a year loose their home in 2008. That when I realized the more you make, the bigger the hole you can dig...... Unless the home was truly insane, that's hard even for an American to do, assuming the 1MM / yr continued. When I was younger, my college roommates dad was a OBGYN and had his own practice with multiple locations. He easily made over $1M/yr. He built a huge custom home and continued to pull equity from it. He bought his kids a new Master Craft X-star, he bought them jet skis, new cars, dirt bikes. Expensive vacations. He foreclosed on his home. IIRC it sold around $4M at auction. Never bought a house again. Rents a place that was $6k/mo., last I heard. When I was about 22 we were having a conversation. I had just bought a home and got a great rate. I asked him about refinancing. He told me that it wasn't worth the trouble to only save a few thousand a month.  His son went on to buy a $1.3M home and new Mercedes at 26 only to later have to short sell it. He's since IPO'd two companies and us doing well, but still spends everything he makes, |
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Quoted: right? So not only does she have student loan debt, to get out of working at Subway as the manager (she has been working there since HS), but she's not even working as a Hygienist, but still moved on for less $$ than Subway. It's like doubling down on dumb. Quoted: Quoted: Too stressful to be a hygienist? wtf? That's like a dream job for an average woman. It would be 4x the income of Subway. So not only does she have student loan debt, to get out of working at Subway as the manager (she has been working there since HS), but she's not even working as a Hygienist, but still moved on for less $$ than Subway. It's like doubling down on dumb. It's so dumb I have trouble wrapping my brain around it. DH is the easiest job in the world. You just sit there in the A/C, chat with the other dental cows, oh there's a patient, how are you today? Do you like mint or cherry polishing paste? Ok lets have a look at those teeth! Doc, you ready? 1, 1, 2, 2, 1, 1, 1, 1.... you need to floss more, here's a little baggie of goodies, have a nice day! And that's like, $30-50/hr depending on the gig? You can work as little or as much as you want. You have no overhead. Jesus. |
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Quoted: It's so dumb I have trouble wrapping my brain around it. DH is the easiest job in the world. You just sit there in the A/C, chat with the other dental cows, oh there's a patient, how are you today? Do you like mint or cherry polishing paste? Ok lets have a look at those teeth! Doc, you ready? 1, 1, 2, 2, 1, 1, 1, 1.... you need to floss more, here's a little baggie of goodies, have a nice day! And that's like, $30-50/hr depending on the gig? You can work as little or as much as you want. You have no overhead. Jesus. Not only that, but if she's went through school for it, why wouldn't you do the job you are trained for? That is completely dumb. |
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Quoted: It's pretty common here in SWMO to see a newer $60K corvettes, $80K wakeboats, $50K BMW's, and $60K Jacket up diesel trucks with $15K of wheels and lifts kits on them.........parked in front of beat up trailer homes that aren't worth more than $10K.  Sounds like most military towns. |
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Quoted: Yes. If you make a couple hundred a year....which is way above average, but let’s use that, and you live frugally, you can save a few million bucks. But that person is still not rich. They have no choice if they want to replace their income one day. How Else can it possible work? But they are, infact, millionaires. It would take a teacher over a million dollars to retire. She may be a Millionaire but she still has a teachers lifestyle. Beyond pure luck, their is nothing this person can do to frugal their way to real wealth. Scrimping and saving can not do it in almost every case. You must engage in an activity that can produce real wealth. Scrimping and saving can ensure your lifestyle in retirement won’t change or even get a little better or allow for an earlier retirement. Not everyone is after a garage full of exotic cars and multiple vacation homes. Some of us would be content just waking up everyday knowing we don’t have to go to a job that day, or any day for that matter. Case in point I am a truck driver who lives comfortably on my income. I save enough so that one day I have an income stream that replaces my paycheck. I may never be able to order a brand new Ferrari, but that’s not my goal. Being able to walk away from the daily grind without having financial worries is true wealth IMHO. |
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Quoted: 2008, 20k miles. He was going to ship it home but too expensive to make US legal. He is selling it and either buying Ferrari or Viper ACR. The virus is holding him up atm. https://i.ibb.co/XZSYYJx/IMG-20191027-201130-01.jpg |
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Quoted: That is the most common way, but far from the only way. The finance world is among the industries where employed people (selling their time for dollars) can become seriously wealthy. Sports and entertainment are other ways. And about 2/3rds of wealthy people started off middle class or lower. That is most. The majority of wealth in the U.S. is new wealth. Not old money. I think the number is around 80% of millionaires weren't born millionaires. Wife and I only owe money on our house, it is about half paid off (bought 2018). I drive a 2006, she drives a 2016, and we have an old boat. It is nice to not have debt hanging over your head when making decisions. Long term goal is to not owe any money so that when opportunities come along, we can jump on them (in cash). Both of us were fortunate enough to not pick up college loans, it would be stupid for us to squander that. |
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Quoted: On a million a year, a 3 million dollar house, a million dollar vacation home, a Benz and an exotic is not all that out of spec. His income might have taken a bit of a hit, but that is one of the few professions that kept on chugging through 08. Cities with the highest cost of living are the locations where medical specialists are paid the most. |
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C’mon guys. Making a bunch of money and blowing it is amateur hour. To truly live beyond ones means you have to spend a bunch of other peoples money too. The high score for someone I know personally was about $1.7billion in debt. He went to prison. I also use to rent a room from a guy that had a mortgage multi level marketing scheme. Huge house on a golf course. It seemed like a great situation, he was hardly ever around and I wasn’t living there full time, a couple weeks or month here and there. Worked out great until the place got seized by the treasury department. I wasn’t there and was happy to walk away from the situation, I lost a really nice set of golf clubs some clothes and shoes and that’s about it. |
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Quoted: I’d like to hear them too Give me some inspiration I helped a buddy sell his Buick and everything he owned to move west to start a business. It failed, but in doing so he created something that garnered national attention and capital. He now has a net worth in the hundreds of millions, and still has the same car that he bought when he made his first mil, a 1978 El Camino. It now has an LSx in it. Could he afford a Ferrari, Bugatti, Lambo, and koenisegg(sp)? and never worry about going broke? Sure, but that's not his aspiration currently. He will be a billionaire one day and its through constant reinvestment of his capital. At 32, he is a partner in more businesses than I can count. Sure he travels and has a ton of fun, but he's not dumb with his money. When he flies to China, he flies first class, but doesn't charter a jet. Again, being frugal is subjective. ETA: my favorite part about his situation currently is that he hired a mexican guy to drive him around. He's tatted up, wears suit pants, a short sleeve white button down with a tie. Ubers were annoying and inconsistent so he pays this guy like 50k/ a year and bought him an older SUV. If you've ever seen Lincoln Lawyer, he's like that. 
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Quoted: A college friend of mine married a dude that ran up a $10k bar tab purchasing drinks for everyone present. He didn’t have the money to pay for it, of course. I knew another college acquaintance that purchased a used BMW 3 series on a high interest credit card, and then eventually had to liquidate it and other items when his dreams of becoming a super entrepreneur didn’t work out. step 1 of becoming a super entrepreneur: the only debt you should have is business debt that earns you money. |
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Quoted: Not everyone is after a garage full of exotic cars and multiple vacation homes. Some of us would be content just waking up everyday knowing we don’t have to go to a job that day, or any day for that matter. Case in point I am a truck driver who lives comfortably on my income. I save enough so that one day I have an income stream that replaces my paycheck. I may never be able to order a brand new Ferrari, but that’s not my goal. Being able to walk away from the daily grind without having financial worries is true wealth IMHO. That is all true but we have to be able to define things in order to talk about them. Regardless of what choice someone makes, with the money, there is a math to various lifestyles. |
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Quoted: 1.5 years ago my Brother's wife texts me and says "I want to quit working at Subway and take this other job, but it's a $2/hr pay cut. Can we do it?" I said 'gimme your bills/income down to food/gas.' When I did their budget, they had $200/month left over. That was it. $110k student loans $180k mortgage $10k cars $17k fucking new windows in their house I replied back a few hours later "Not only can you NOT quit your job, you're a couple missed paychecks away from losing some serious shit. You need to pay off your credit cards and your cars, and then you can think about quitting your job." I went on to politely explain they were in serious trouble and that she should seriously start considering saving some money for a rainy day and paying off debts. Her: "Oh, OK, I knew we were bad, but didn't realize it was that bad!". She then quit her job a week later. It gets better... She went to work at a Dental Office, and she has a degree as a Dental Hygienist, as a receptionist. (she won't do the DH gig as it's "Too stressful") Before COVID, she bitched on FB about never having any money to pay bills. I saw her selling shoes and kids toys etc on FB Marketplace all the time. She then posts about how she's working at Subway again on the weekends, while working FT at Dental gig. I asked her "Are you paying off your debts finally?" She said "No, I'm working at Subway so we can go to Branson, MO in May". She lost BOTH jobs with COVID and hasn't been back to work at all. I offered to buy them Dave Ramsey's Financial Peace U and that I would completely stay out of the way..... They refused. Quoted: 1.5 years ago my Brother's wife texts me and says "I want to quit working at Subway and take this other job, but it's a $2/hr pay cut. Can we do it?" I said 'gimme your bills/income down to food/gas.' When I did their budget, they had $200/month left over. That was it. $110k student loans $180k mortgage $10k cars $17k fucking new windows in their house I replied back a few hours later "Not only can you NOT quit your job, you're a couple missed paychecks away from losing some serious shit. You need to pay off your credit cards and your cars, and then you can think about quitting your job." I went on to politely explain they were in serious trouble and that she should seriously start considering saving some money for a rainy day and paying off debts. Her: "Oh, OK, I knew we were bad, but didn't realize it was that bad!". She then quit her job a week later. It gets better... She went to work at a Dental Office, and she has a degree as a Dental Hygienist, as a receptionist. (she won't do the DH gig as it's "Too stressful") Before COVID, she bitched on FB about never having any money to pay bills. I saw her selling shoes and kids toys etc on FB Marketplace all the time. She then posts about how she's working at Subway again on the weekends, while working FT at Dental gig. I asked her "Are you paying off your debts finally?" She said "No, I'm working at Subway so we can go to Branson, MO in May". She lost BOTH jobs with COVID and hasn't been back to work at all. I offered to buy them Dave Ramsey's Financial Peace U and that I would completely stay out of the way..... They refused. Her: "Oh, OK, I knew we were bad, but didn't realize it was that bad!". bullshit. theres no way you can only have $200 bucks left over a month and NOT realize your money situation is all fucked up. she had zero spending money to blow on clothing, eating out, make up, coffee, etc because they were flat broke and she didnt know it was that bad? yeah. she knew, she just didnt care. which is why they were broke to begin with. |
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Quoted: I understand what a power of attorney is, but he is required to sign the power of attorney in front of a notary... That means he either signed a general power of attorney giving her authority over all assets, or a limited power of attorney giving her the ability to sign as him over certain things....The other option would be that he signed the house over willingly...Either way, he had to sign something. Or it was never "their" house to begin with, it was her house. Quoted: Quoted: Power of attorney Shit can get messy.....If the guy really wanted to go after her, he could spend thousands on lawyers to get her to pay it back. And then she still might not. Divorce really just fucks over guys in the US. The courts don't give a shit about what happens to the men. If it had been the other way around, the courts would have wrecked that guy for selling the house, etc... I understand what a power of attorney is, but he is required to sign the power of attorney in front of a notary... That means he either signed a general power of attorney giving her authority over all assets, or a limited power of attorney giving her the ability to sign as him over certain things....The other option would be that he signed the house over willingly...Either way, he had to sign something. Or it was never "their" house to begin with, it was her house. Power of Attorney is a fiduciary relationship. While it can get expensive to fight, a PoA is required to act in the persons best interest at all times. Again, you have to fight it and even with spending tons of money you may lose. I’ll never give a single human PoA, ever. Not even to renew my car tags. When I die everyone can slug it out in probate. ZFG |
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Quoted: Depending on where he lived, one million/year isn't all that much after federal income tax (40% or more depending on when this occurred) and state income taxes (California 13%, New Jersey 11%) and property taxes (New Jersey 2.5%). Plus 95% of doctors graduate with huge debt loads. Cities with the highest cost of living are the locations where medical specialists are paid the most. There is no metro in this country that 1 million a year doesn’t put you into the 1%. The “it really isn’t that much” is just not true. It certainly doesn’t go as far in some places but it is literally well into the 1% everywhere. And your last statement is utterly false. Physicians, on average, make less money in the most expensive areas and among the most in unpopular mid sized areas of fly over country. They also tend to have lower incomes at the most prestigious places. |
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Quoted: Not only that, but if she's went through school for it, why wouldn't you do the job you are trained for? That is completely dumb. Quoted: Quoted: It's so dumb I have trouble wrapping my brain around it. DH is the easiest job in the world. You just sit there in the A/C, chat with the other dental cows, oh there's a patient, how are you today? Do you like mint or cherry polishing paste? Ok lets have a look at those teeth! Doc, you ready? 1, 1, 2, 2, 1, 1, 1, 1.... you need to floss more, here's a little baggie of goodies, have a nice day! And that's like, $30-50/hr depending on the gig? You can work as little or as much as you want. You have no overhead. Jesus. Not only that, but if she's went through school for it, why wouldn't you do the job you are trained for? That is completely dumb. my ex wife has a degree to be a school teacher. she went to college for 4 years, to get a degree to teach children. then she graduated and taught for 6 months and quit.. because she realized she hated kids.  shes a retail store manager now. shes 40 something and still paying on those college loans. |