This has to be one of the most insane monthly budgets I’ve ever seen pic.twitter.com/aqLlocNl3d
— Ramp Capital Guy (@RampCapitalLLC) July 26, 2023
Accurate?
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)
Sitewide rules apply
other rules
Subscribe to this hole, it's important that we get our numbers up. Love numbers = peak poor
Bonus points for making your post title some variation of peak poor. (Pinnacle of Poverty, Prowess of the Penniless)
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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i get all the personal training i need and more for only $7.50 a month to sam hyde's gumroad. Sam literally saved my life.
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is it 7.50 now?
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Say it aint so
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$4k a month for a personal trainer? Do they work out for you? hehe
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They work you out
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make sure you check your candle expenses, this was quietly bankrupting me (73% of my monthly income) until i reined it in.
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I refuse to reign in my candle expenses
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I'm over here calling up Hulu to try and get a discount for paying yearly, my priorities are dogshit I just need to salarymaxx
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Imagine paying for a trainer when YouTube is free
you're just a poor in training
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If you're serious about attaining top decile performance and aren't a newbie, it absolutely makes sense to get a coach. But if you're paying 4k a month for training/coaching, then you're getting bilked. Legit experts who train pros can be hired for half the price. Anyone who charges that much is mostly an expert at grifting rich people.
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What if he is available 24/7 to hold you gently from behind while you lift your weights
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Unlike YouTube, Lance offers some... assets.
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It's someone who pretends to be rich to sell bullshit courses on a PDF no? "Shewolfofwallstreet", that sounds like the handle of someone trying to make randos believe they could become rich if they buy her a trading course.
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They spend remarkably little on their house staff, that's all that jumps out to me. $500 lawn care and $1100 cleaner? I'd be expecting a small team of maintenance people for a $10 million house.
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Where do you get the 10M house from? Their mortgage is 5.2M, am I missing something?
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Someone else said $10 million so I went with that.
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10k for nanny
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Sure but what about housecare? Window cleaners, gardeners, general handymen, security etc etc. It's a $10 million house, I'd expect them to have a running contract with a maintenance firm.
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Nanny pulls in 120k a year? She must be fricking one of them
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Yeh probably lol I will happily swallow any r-slurred post that shows up.
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How can you have any sense of financial stability on the $30k mortgage while being an employee and no run way?
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$30k/month mortgage so that's like a $10m house.
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Some of this is fricking insane. Why are they leasing a car? Why is it $840/month for car insurance?
These people are rich with the mindset of a poor
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Is car leasing not popular in the US? On TERF Island it's pretty common because you get to drive a new car every two years for a smallish deposit and monthly fee and all services and insurance are covered. Rich and poor people all do it.
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It's popular but rich people don't usually do it because they can just buy the car.
Poor people love to frick themselves over leasing cars. In Burgerland there's stereotypes for this. You've got the 45 year old Kang who rolls into work in his caddy but still lives in a crime infested shit hole, and the 25 year old fresh off deployment who decides to lease a Camaro before finding a new job.
It works out ok for stable middle class people, although they're usually looking to spend their money on a nice truck or SUV they'll keep for longer than 3 years.
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Neighbor you got it all wrong, both of those are bought from Buy-Here-Pay-Heres are 30% APR.
Leasing is what rich people do because they want a new car all the time.
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That's exactly why leasecels are fricking themselves over lol. It's the same as why getting a mortgage is better than renting, except the resale value for cars is more predictable than the real estate market.
It's fine for people with money. Buying and selling is going to save a decent amount of money, but if it'd be a real issue if the car got totaled it makes sense to lease as more or less as insurance against that. My experience is that rich people get off on putting 400k miles on some old Buick or F150, but they're not going to have money problems because they leased rather than bought. The people fricking themselves over are the ones that shouldn't be in new cars at all.
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Are you r-slurred? Every single car you would ever lease is worth less than 40% of it's sticker after the lease period. Cars depreciate, houses appreciate.
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Are you? You aren't getting a lease for 60% of the car's value. That 40% you get from selling it more than offsets the extra spent up front.
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Neighbor what? I'm saying to buy the godarn car not take out loans holy shit you're a fricking r-slur
Edit: key phrase in my last post was up front. Apparently you're too poor to even comprehend not taking out financing
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Fair enough. If I was that rich I'd do it - $25k/year to have a new luxury car every 2/3 years seems like a decent deal compared to having to constantly sell + buy, it might not cost much more overall. The dealer will do the transfer for you too.
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$25k a year leasing is multiple full size luxury cars/SUVs.
Even a fricking V8 S class leases for like $1,200 a month on a deal.
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You missed the most ridiculous one; how on earth did they rack up a $1200 monthly utility bill?
This is fake.
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Open windows in winter
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Heated pool?
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Nouveau riche?
jewish lives matter
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I don't care if you're pulling 10 mil a year, this is extremely r-slurred.
$4k for personal trainers? They're probably fricking them too.
Also $10k on nanny. B-word is making $120k babysitting thanks to r-slurred yuppies
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A $10 million house on $3 million total income (including bonuses) seems like a decent ratio?
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Financially, yeah it makes sense. But after a certain income level these ratios don't hold water.
They're likely just throwing away cash to maintain a lifestyle and to show off.
Here's the Zillow for their town https://www.zillow.com/alpine-nj/luxury-homes/
You can probably get a slightly smaller house for like half the price.
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Interesting thanks. Imagine feeling like you need to show off beyond your means on $3 million a year.
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No problem. I've spent a lot of time in North Jersey and cases like this are typical. She mentions in the video one of them is a lawyer. They probably got a big promotion or made partner and felt the need to upgrade their lifestyle. This is how lifestyle creep sets in and people end up being house rich and cash poor.
These people have $30k in savings. I've known people making a fraction of what these two make and have more savings.
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1.2M in invesments though?
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True. But it depends on how liquid they are. These people are one major expense away from blowing through their savings and missing their mortgage payment.
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Snapshots:
archive.org
ghostarchive.org
archive.ph (click to archive)
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