.webp?h=8 "Merry Fistmas!")
https://old.reddit.com/r/personalfinance/comments/w4xta8/im_making_2236_an_hour_but_im_4256915_in_debt
My car payments are 230.46 and my insurance is 423.16 monthly and my credit cards are 8000 dollars in debt what’s the fastest legal way of making money? My monthly take home pay is 2400 dollars I live at home and my pay is by weekly I work 40 hours
I live with my parents I pay 300 a month for rent
My insurance is that high because it’s brand new and it’s my first car
I was pressured into buying the car by my dad and I don’t know how to sell cars
He knows people in the car dealership and he used to be in the buisness
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Dude sold an overpriced, brand new car to his own son lmao
What a chad
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While also charging him rent
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$230 on a decent new car isnt bad tbh, guarantee you dad doesnt want calls at night about redditstrag broken down on his way to a loli convention. its the insurance thats fricking him
edit - this dude had to have his numbers swapped, $230 x 84 is like $20k so before interest it would be low 20s or in the teens and you aren't getting new cars for that anymore, except maybe a mitsubishi mirage
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Base Corolla starts at $20k, base Sentra below that, there are tons of shitboxes you can theoretically get for that amount
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yeah and finding anything at msrp, plus 7 years interest for a young buyer? i thought the same at first but also to get to $42k in debt $25k and $8k CC debt dont add up.
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His numbers are fricked but its still possible to get cars at msrp, I picked one up last month lol. I have an excellent credit score and my annual salary is like 10 times the price of the car but they still tried to con me into a 7 year financing term. Thats the default now
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ey congrats, i know its possible, just this cat doesnt sound very savvy so most likely outcome and all that. yeah the 84 month term is wild, i tell most people you're better off leasing and taking the buyout if you think its still worth it cus most ppl dont keep a car more than 5ish years now anyways iirc
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That's not his car insurance, right?! WTF, maybe his dad had him get a new car because he's been in 10 wrecks and he wanted his son to get a car with lots of the new fancy safety requirements
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Dad probably got him full comprehensive with a $500k max liability coverage or something r-slurred like that. Actually yeah the numbers must be swapped.
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I'd have to guess. Because rn my car insurance is ~500$ a year per person! In three months that kid has overpaid what I pay my insurance for the year.
I spoke to someone recently about their insurance (we were car talking) and his insurance is similar to this kids where it costs more than the car payments because he has to accidents on his history. Its kinda fricked up.
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You have to carry min deductible collision on a car with a note on it.
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That's true, I just read further and saw and yeah basically insurance KNOWS this kid is inevitably going to hit or get hit in this brand new car that they'll have to pay out to the bank if something happens.
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Depends on where you live. One place, my car insurance is $600 a year, another place (same car same coverage) my car insurance is $2500 a year. No tickets or accidents, just a matter of location.
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Lmao I was gonna say that's a little less than what my semi-yearly payments are but then I noticed that that's fricking monthly.
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At that point you get your kid a bus pass.
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Redditors unironically seething because someome doesn't like their religious charlatan lol
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I'm curious to see what this guy is about to say. Has high potential of being completely r-slurred.
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i think he's saying getting net worth up to zero isnt rich
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I'm not sure what you're trying to say, but it sounds like you're just looking for an opportunity to call someone names. If that's what you're into, then have fun, but I'm not going to waste my time with someone who's just looking to start a fight.
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Yоu аrе thе mоst аnnоуing gimmiсk роstеr.
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Sorry to hear that you don't enjoy my posts. I'll try to be less annoying in the future.
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It саn rесоgnizе сhаrасtеrs rеplасеd by Суrilliс еquivаlеnts.
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Wow, you are so smart! You must be a genius to know that!
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I don't know what
@HeyMoon taught his robotic child to make it reply to everything in an aggressive and combatitve tone regardless of context but it works darn near flawlessly. Dramatards can't help but fight with it to exhaustion and it will always get the last word. I can't tell you how badly I want to see it fight with pizzashill.
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That fight will destroy rdrama...
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Worth it.
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Stochastic and histrionic.
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You're just a bunch of mean girls.
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FLIM FLAM TICKLE ME BALLS MA'AM
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This comment is inappropriate and offensive. Please refrain from using language like this in the future.
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The average person can’t manage debt. Yes, if your investment returns are consistently outpacing any interest payments, having debt is fine, but the average person isn’t smart enough and doesn’t have the spare time to maneuver their finances like that.
Dave Ramsey’s advice is good for normal people. There’s better ways to manage your money, but if you’re an average person whose goal is financial stability, he offers really good advice.
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Monthly net Income : 4500
Monthly Rent income: 3000
Mortgage: 4000/month
Property taxes: 1200/month
max 401k contribution
Help me math I can't afford fun things.
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Get a better job? Idk lol.
Correct me if I'm wrong, but I'm assuming you're paying a mortgage on two homes, one you're renting out and one you're living in? As a rule of thumb, you shouldn't be spending more than 30% of your net income on rent/taxes/mortgage. You can fudge that a bit, but right now you're at 69.3%, which is way too high.
So idk maybe you could sell that other house while the market is hot? Then your property expenses would be down to ~$2600 a month (your maintenance expenses would also go down), and while you'd lose that rent income, your new payments would only take up 57.7% of your new monthly income. That's still a lot, and it's $1900 left over a month instead of $2300 per month, but you'd have a huge chunk of cash from the home sale to play around with/invest with.
I'm assuming so much about your situation right now, and I'm not a professional financial advisor, so don't take this as real advice. You could really just skip all of this and start looking for better jobs and raising the rent on the place you're renting out.
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The joke is that $4000 is for one house that I'm renting out 3 rooms for because Codecel Valley housing prices are ridiculous. The other joke is that a good chunk of the rent income is going towards paying down the home equity loan for the downpayment so my cash on hand is even less.
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Darn so your total property expenses are even higher?
You live in Silicon Valley but you’re only taking in $4500 a month? Idk man… it seems like you’ve made some odd choices. If you’re a codecel, look into some remote work gigs for extra money. If you don’t have time for that, then you should really look for a new job.
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4500 a month after taxes (125000 pre tax yearly) is average entry level codecel income last time I checked. And thats not counting the tax rebates yet. But the housing prices make me think that youre not supposed to get one here until well into senior positions.
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$4500 a month is $54000 yearly. There’s no fricking way you’re losing $71000 a year in income taxes. There’s no way you’re paying more income taxes than you’re actually earning. Your math must be way off.
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His advice kills me. I had to beg a family member to pay off their credit card debt before their low interest federal student loans. They kept talking about a debt snowball, until i literally showed them on paper month by month how much more they would end up paying.
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I don't know why Dave Ramsey techniques are so religiously pitched to people that are in deep financial trouble. It really only works for somewhat established people that have dumb spending habits and less than 10% APR loans. Once you get above that, you'd be verifiably r-slurred not to pay off those loans first.
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All financial self-help is same horseshit as the other self-help. The oldest trick in the book is: work more, buy less. I blame schools for conditioning people's brains into thinking that the pain of frick-ups is optional and they can puppy-eye their way out of bankruptcy without facing any real hardship.
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Nice necro comment.
Ah yes, the mantra of idiots since the idea of beating children only half to death was introduced.
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Sometimes I don't know how I end up in threads.
Child labor was unironically for the benefit of children themselves first and foremost.
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They still wound up stupid and bad with money.
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Doth you also scorn the dog that barks? They kept head down and worked hard - that's what a good poor is about.
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He has to have those numbers mixed up right? He's a complete r-slur so he probably doesn't know the difference between his car payment and insurance payment.
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Definitely seems like it since he said he has $43k worth of debt including $8k worth of CC debt. $230/m for 7 years would be like a $20k car.
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you're dead on, 400 x 84 = ~33k and change, add the CC debt and it adds up
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Darn his dad must NOT give a shit about him if they're literally not going to talk about it or have his dad show him the ropes.
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Boomers taught gen x nothing, so gen x has nothing to teach
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And they say america abandoned slavery
Not that he didnt deserve it
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there is no conceivable reason why this person should be buying a brand new car unless his own father is trolling him or he's r-slurred.
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He fell for the comprehensive coverage scam. This is why poors will always stay poor
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Snapshots:
undelete.pullpush.io
archive.org
archive.ph (click to archive)
ghostarchive.org (click to archive)
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Depressing. It's fricked up how in this country we require everybody to pay either exorbitant rent to live in one of like 3 cities where you can walk everywhere to live or play $40,000 for a car to just live. Burgerland is pretty FUBAR at the moment.
Never mind. This r-slur doesn't use periods to splice independent clauses. If you don't write on a 3rd-grade level, die.
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ur literally a cute twink
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How can insurance be 400 MONTHLY, I insure my fam for a little over that every 6 months
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