I want to make fun of you for saying "simple interest" because that's a thing and it's nowhere near as bad as compound interest which is what mrs iphone is paying
Payday shops do that for their own benefit - the interest is baked in as if you made no payments until the very last day, even if you pay it off in 6 hours. People accept it because they're desperate.
On the other hand, banks only accept the long terms on normal loans because the compounding makes it worthwhile.
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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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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how do you grow up and completely not understand simple interest? That's like 5th grade math lol
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What do you mean? 14% is a great deal compared to the 29% on my credit card
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29% CC APR is steal!
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I want to make fun of you for saying "simple interest" because that's a thing and it's nowhere near as bad as compound interest which is what mrs iphone is paying
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I figured that loans <$2000 would be simple-interest lol. Don't most payday-loan type shops operate on simple interest?
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Payday shops do that for their own benefit - the interest is baked in as if you made no payments until the very last day, even if you pay it off in 6 hours. People accept it because they're desperate.
On the other hand, banks only accept the long terms on normal loans because the compounding makes it worthwhile.
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No email address required.
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