/h/peakpoors House Vampire Founder
Gibberish gibb/erish :marseyautism:  1yr ago (youtube.com) 327 thread views #180230

28 year old Mechanical Engineer $47'000 in debt

https://youtube.com/watch?v=_3t59TkT9eo

Mitch, 28, West Michigan

Self-describes as impulsive spender.

Career:

  • Mechanical Engineer at a "Large Furniture Manufacturer"

    • On the Factory floor "lots of boring stuff... lot of emails"

    • About a year

  • Just graduated from college last year

    • University of Alabama

      • Hybrid program transferred from Michigan State after a year and a half

  • $89'000

    • $2'281 biweekly after taxes/401k ($4'821 average monthly)

Debt/Expenses

  • Rent

    • Holland, MI

    • 1'600 a month, small apartment? 1 bed 1 bath

    • Utilities are an additional $100?

    • Internet is lumped in with rent payment, community internet thing?

  • Student Loans 31'000

    • About $370 monthly payment

    • between 4% and 6%, at least 5 different loans?

    • through nelnet

  • LifeStream Loans 17'000 total

    • 10'000 and a 7'000

    • One of these was a car loan for a '96 Toyota Celsior (?) (imported) ????

      • 60'000 miles

      • 280 monthly payment

      • 72 months

      • 5.34%

      • Going to try selling it this summer, thinks he can get a beater car for cheaper

      • thinks it's worth 13-16k

      • Premium gas only :marseyxd:

      • He's not driving this? Mentions that he's borrowing his parents' pickup

    • 7k is a debt consolidation loan

      • currently 5'600/7'000, minimum monthly is $339

      • Credit cards and a separate car loan (that car "is out of the picture now")

        • Got wrecked, other guy didn't have insurance

      • 8.19%

      • "All through college I paid for a lot of stuff with credit cards"

        • Had 4 cards, now has 1

  • Spent $700 on going out to eat

  • Bought $330 pair of boots (100 reimbursed by work)

  • Around 994 in minimum payments once Student Loans start back up

  • About $300 on gas each month?

  • Credit Card (nothing unpaid)

  • Car insurance is lumped in with his paystub somehow? His work pays for it?

Retirement:

  • About 26'000 total, mostly in the 401k

  • 401k 3% Company match

    • Vanguard

  • A few savings/checkings, didn't catch how much he has in these

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I see the poors are pretending to be big wallet niggas again est. 2016

Hello, welcome to 'I see the poors are pretending to be big wallet gangstas again'

This hole exists as a safe space for refugees from the Facebook(MetaTM groups of the same name. Of which there have been several iterations. We mostly exist to poke fun at the state of living in poverty. While it oftentimes is unavoidable, we do aspire to not be meanspirited. Over the years we have co-opted the term 'Peak Poor' to being someone who exudes poverty, regardless of their actual net worth. Trump and Elon both exhibit the peak poor ethos from time to time while still being the top 0.000001%. You can do something peak poor and still be a good person or a generally adjusted one. We all have a bit of poor in us.

We basically fill a niche similar to fatpeoplehate with a bit less actual malice.

PeakPoor is shotgunning mountain dews at 5 years old.

PeakPoor is not people dying of poverty. While technically the greatest heights of poverty is succumbing to it this is not funny, and is a failure

of capitalism. We do not make fun of poverty to be mean spirited such as that.

Read the room, if it's punching down too hard or really digging into someone whos a sympathetic character it doesn't belong here. (basically READ THE ROOM)

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other rules

  1. Subscribe to this hole, it's important that we get our numbers up. Love numbers = peak poor

  2. Bonus points for making your post title some variation of peak poor. (Pinnacle of Poverty, Prowess of the Penniless)

  3. I am looking for a mod who will help me grow this place and encourage the facebook community where the majoryity of our members reside

to migrate. Contact me if interested.

I really do love you all so very much, i'm even spending drama coin to get some banners and marseys. thanks for being a part of the community.

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