How can you even get approved for over 60k of credit as a 25 year old when you're swimming in debt already. Looks like Robinhood levels of risk management

Finally a real trad wife pic.twitter.com/4OLotBVFwv

— Pearl Hart (@tardwife3000) June 16, 2023

I have to repeat this again. She is 22 years old, already has 4 children and lives in a trailer with her partner. 6 ppl living in a trailer

No one will ever respect a plus sized gal

Poor darrin I wonder why

Oh

Great advice

Clicked her profile. She should avoid giving people advice

Obsess over John Malkovich and catfish a lot lmao

Anyways destiny is absolutely massive because every photo is a closeup

Not the most dramatic but I love fb

Send a shitty txt to your psych? Get forced into an 18 month waiting list for a new one

Someone sticks up for the psych and our heroine doesn’t like it. Calls them medication peddles

Edit- hit post too soon sorry

I DONT CARE IF EVWRYONE SAYS IM WRONG THERE ARE BILLIONA ON EARTH AND SOME AGREE

Went to grab her profile pics and she left :(

Anyways here’s her face

WARNING, THIS MAN IS A SELF-ADMITTED REDDITOR, THE KIND WHO BRINGS UP REDDIT IN CONVERSATION timestamp

Dustin, 27, New Orleans LA

Career:

• Film gig work

• Been doing this since 2014

• One client he's on retainer with

  • Writes, edits, directs their marketing commercials

  • Very small scale, local lawyer type thing

• Was in the health and safety department on a few AMC shows that happened to be shooting locally

  • Interview with a Vampire

  • Witches (was only working with for a day)

  • 3rd one isn't out not sure if he should say it

• Wants to be a "writer-direct-auteur type"

• Has yet to get an editorial job that has linked to Hollywood

• Went to college, 2 degrees in Film

  • Film School at University of New Orleans

    • Didn't find work after graduating so went to grad school

  • Went back to University of New Orleans for grad school

• Averages 5'000 a month

  • Pre-taxes, is setting around third aside for taxes

• He's having some issues with the writer's strike going

Personal Life:

• From 16 on to a couple years ago, lived on 400 a month?

  • until post-grad school

• Wants to move somewhere more expensive for better oppourtunities

  • He's not sure where

• Opted for a mealkit delivery thing because it was cheaper than what his grocery list was

• Lives with his girlfriend timestamp

  • Split costs of groceries somewhat? There's something going on there but it's not explored.

Expenses/Debts:

• Personal Loan $3165/$12'465 timestamp

  • $349 monthly payment

  • 15.44% interest

  • "That's what I call a bad business decision that blew up in my face"

  • Wanted to buy his own film equipment to rent out/use for his own stuff

  • Sony FX-9 usually goes for $16'000, found a full-kitted out one for $9'400

  • "Seller got hacked so the camera never came"

    • He bought it through Ebay

    • Eventually got money back

    • Had already separately spent 1'000 on a lens for that camera

  • Has paid back 9400 of the 12'565

  • He's confused and doesn't realize the loan was originally 12'000?

    • He's really hoping it wasn't

    • If he's right there's only $665 remaining

• Student Loans 61'000

  • All Federal

  • Between 4%-6%

  • Only took out loans for Grad School, his parents covered undergrad

  • Thinks it will be about five hundred something?

  • Went with a 10 year repayment program thing?

    • Something that starts at 500 and balloons to 800 towards the end?

• Pays for a few Patreons

• Doesn't have an LLC setup

  • No business cards or anything

• Credit Cards:

  • Perfect payment history

  • just got a CLI?

• Klarna

  • $53 a payment

  • Had bought concert tickets

• Pays for nexus to download mods more efficiently

• Lot of uber trips, his car died a couple months ago

  • Mechanic said the coolant or something leaked into the oil

• Health insurance that he has "doesn't cover his meds"

Savings/Retirement:

• Savings

  • 15'000 (this included the personal loan money?)

• Checking

  • 5894 (savings for taxes)

  • 1'862

    • usually between 1800 and 2800

• Emergency Fund timestamp

  • Doing a CD with a 5.08% AOY and put 12'000 to keep it in

    • 4 months

    • CD is non-committal

• Roth IRA

  • $6'039

• Fidelity Account "with etfs and stuff"

  • $1'700

Unfortunately no one bought a @CamaroAt28APR, but the myFICO forum is full of people making awful decisions. Just the three posts on this page are

The first is someone making 180k/year with a debt-to-income ratio of 12% but has to take out a 6 year, 9.3% loan to afford a 58k car?

Then we have someone taking out a 7 year loan on a BMW that will surely be worth $0 by the time the loan is up. At least he gets that sheer driving pleasure

Finally is someone who cosigned on a loan with her husband but even doesn't know what she bought other than it's a 6.2% loan for 6 years lmbo

As a bonus here's an r-slur from a few months back

Sienna Wereham, 25, Austin Texas

Self-rated - 1.5/10

Personal Life:

• From Montana

• Lives with Boyfriend (Korean)

  • He pays rent, she "takes care of everything else"

  • Owes him money

  • 29, law student

  • He gets money from his family

  • Just finished his first year (2 more years then Bar)

• Was doing pretty good this time last year but "then like I had a series of like um events come up and that kind of resulted in me using my credit card a lot more than what I normally would have been using"

  • Trying to focus on paying off her credit card but it's going slowly

• No car, uses his car to drive to work

  • Lives close enough to law school he bikes there

Career:

• Bond underwriting assistant

  • 23/hr, 37.5 hours per week (doesn't know yearly pay)

  • Was 40 hours they decreased this during covid?

  • Thinks about 42'000

  • recently hired as a full time employee (only 2 pay periods?)

    • 1'200 a paycheck?

  • 401k contribution is 3% (company match )

  • Contract to hire type thing, she is hired as of March?

    • Paid weekly as contract, biweekly as full timer?

Debt/Expenses:

• timestamp

• Personal trainer twice a week

  • Trying to lose weight

  • Virtual appointments since trainer moved from Austin to Chicago

  • Might be $55 an appointment, neither person says the price but that's what's on the venmo

• Credit Card 1 timestamp

  • "Trying to pay off"

  • "I was paid weekly when I was a contract worker and I switched to biweekly as a full time employee so there was like a bit there where I umm uh I need to go to like the grocery store and stuff but I didn't have enough money to go to the grocery store"

    • DSP soundbite

  • $3212 => Paid 271, Spent $1688, $91 interest => $4720

• Student Loans

  • University of Hawaii at Hilo

    • No idea what this is and I probably heard it wrong timestamp

    • Wanted to go to Portland State but that was too expensive for her (50-60k)

  • 32'000

    • About a 400 minimum payment (5-6% interest)

    • Always been on deferment, graduated in 2021

• Owes Boyfriend $1'800 timestamp

  • Had borrowed money to pay off her credit card that she'd used to make purchases when they first moved to Austin

  • Where'd he get this money from

    • "I can't share that"

  • Gave her the money in August (they moved there in July) ($4'000)

  • After this money her credit card was $2'000

    • Boyfriend said not to pay him back initially because he wanted her to pay off the card, the card is now 4'720

  • Currently paying him $400 a month

Retirement/Savings:

• Story time timestamp

  • "Yeah, so, about this time last year um I had about a thousand dollars in my savings account or twelve-hundred actually but then like I said earlier um there's like a series of like events that happened um"

  • Grandmother in Idaho had a health scare while Sienna was in Korea (boyfriend is from Korea) so flight costs, then spending money while she was visiting?

  • She and her boyfriend had nothing saved when moving into the Austin apartment after that?

    • Took on debt on spending to furnish apartment and groceries? A little uncertain, she backtracks on whether it's furnishings or just essentials

    • Boyfriend had just paid tuition so his account was pretty empty

  • Initial job when she moved to Austin was very stressful

    • Remote job, no friends in Austin, shopping was her only reason to go outside

• Checking

  • $98 started => 1691 in, 1232 out => $557

• Savings

  • $69.26 stated => 10 out for being below min, => 59.26

    • Two charges a half month apart each $5

  • Bank had increased minimum balance from 50 to 100 and she hadn't seen that notice?

    • Bank is up in North Dakota

• Retirement account

  • $86

• Robin Hood

  • $77 total in here

Get fricked, I don't pay shit for my tendies.

At the store Marcano and McNeal visited, the only things required to least a pet were a valid driver’s license, an email address and an active checking account. It was also required that you make at least $1,000 a month.

Pet store employees offer the financing or lease options, but the lenders are third-party companies. Customers never see or speak with an actual representative. The application and approval process is all done on your smartphone.

The two customers claim the final terms of the deal were not revealed at the time, inside the store, and their contracts were emailed directly from the lender. When they opened those emails the following day, they found that the contracts were complicated and difficult to sift through.

McNeal said she thought she was paying $3,000 for her dog in a payment plan, but the lease contract showed she was paying $300 a month for 24 months. That totals to more than $7,200. She also had the option to purchase her dog, but would have to pay an additional $450, bringing the grand total to $7,649.

You have a calculator in your phone

He’s a fan favorite but also extremely hated

Honestly the only insane part about it is posting it lmaoooo

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

    • 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

What did they mean by this

Very normal country https://t.co/QIJwVOmpNc pic.twitter.com/jrtBjiX4I6

— James Medlock (@jdcmedlock) June 16, 2023

John, 24, Massachusetts

Self-rated 4/10 financially

Personal Life:

• Started budgeting at the beginning of this year

• South Coast "near Cape Cod"

• Lives with Parents

  • Moved out for a couple months

  • Had a really bad issue with a neighbor which is why he moved back

    • "Walls were very thin and she was just like always yelling through the walls to like keep it down even though I'm like a pretty quiet person to the point where like there was a time I called the cops on her because she was threatening to call the cops on me for just talking in my apartment"

    • "they've actually had quite a few people leave because of her"

    • "In the week I left another tenant had already left because of her"

• Situation "much better than last year"

• "Lifestyle creep hit me hard"

• Went to a private university freshman year, lost scholarship because 2.99GPA

  • Switch to state school, lived on campus

  • Private Wentworth Institute of Technology in Boston

  • Went there without even seeing other schools

• Him and fiance looking to move in together at the end of the summer? (Not happening any more)

Career:

Site Reliability Engineer

• Remote

• $8'100 monthly ($97'200 net)

Debt/Expenses:

• Private Student Loan 79'623:

  • On Forbearance, starts up with federal ones

  • 7% interest

  • $924 payment a month

  • 10 year repayment

• Federal Student Loan $26'276:

  • Around a $250 minimum payment

  • Thinks it is 4.15 interest rate maybe?

• Car Loan (Tesla Model 3) $51'628:

  • 6% interest

  • $931 minimum payment

  • Was $56'000 when bought because it has full self-driving and auto acceleration boost

  • Has been trying to sell, but can't find anyone to buy it because nobody wants to pay extra for the software option?

  • "I work from home, I literally don't need the car"

  • Willing to sell for $30-$35

    • thinking about starting it at 40k?

  • "I've actually had 3 cars before this, so like I said my spending was unhinged last year, last couple years, cars are one thing I've really been into my whole life so I just ended up going through car after car so a lot of money was lost"

• Credit Cards

  • All paid off but sent in as example of spending

  • $2500 graphics card (3090 TI to play Counterstrike ), new Macbook

  • Reading through spending timestamp

    • Ton of eating out

Savings/Retirement:

• $1200 => 0 in one savings because he opened a high yield savings and moved money there?

• Savings $24'417, was his savings for a down-payment on a house, not sure if this is the high yield one

  • had an accepted offer for a house? Something weird happened there timestamp

• 401k $30'000

  • No Roth IRA

Where do I even begin in tackling this? I read online to focus on paying down the higher interest rate credit card first but everytime I make a big payment on the card I end up having to use the credit card I made a payment on because now I don’t have enough on my debit. I’m also attempting to save up for a car that I urgently need to cut commute costs down. Should I focus strictly on credit card payments? Should I save up for the car and just make min payments? I just need a direction to go in. My job pays 20 and hour and is the only job I have.

It's his only job guys!

Electric bill: 250 every other month

Rent: 350

Is he living in a closet with the lights on 24/7?

Uber: 400+

Uber Eats: 800+

Which one of you posted this?

Main post

Capitalism is a friendship ruiner

As I get older, I’m realizing I’m losing some of my oldest friendships because of capitalism. My college friend group has slowly split into two groups over the past 15 years: the super rich corporate capitalists making over $400,000/year or the low wage artists and service professionals, who will probably never see six figures. Whether it be a friend who works for a law firm and represents mega-corps... Or an investment banker friend, with literal millions in the bank, who Venmo requests even our brokest friends for a $8 latte, the capitalists have become insufferable. Another is working for one of the biggest water polluters in the world, yet apparently cares about climate change. They all embody “socially democrat, fiscally conservative” politics which just says you’re a hypocrite.

I’ve watched the desire to hoard wealth turn these once generous and considerate people into greedy, vapid shells of themselves. They’ve all compromised their values in egregious ways and justified it in the pursuit of “making a living.” I reached a breaking point this week when one of them had the audacity to make fun of a lower ranking “poor” coworker who made “only $250,000” a year, when they know my butt barely hits $60k. Knowing how much they value your worth by the size of your bank account, I can’t even imagine what they say about me behind my back.

Anyway, I just needed to rant about how much it sucks to lose friends because they’re obsessed with money. And if anyone else is going through something similar, you’re not alone.

Subpost

A high paid employee that makes the corporate machine more efficient is a capitalist. They sure as heck ain’t socialists or communists

Light roasted drama

What a dumb take. Your friends should get shitty jobs or they are shitty people? You can 100 percent participate in capitalism while finding it abhorrent. If you have a job you're just as much of a capitalist as your friends are.

So, literally anyone with a job?

Welcome to the anti work movement

I wouldn't worry about it at all since the entire fiat monetary system is on the verge of a total collapse.

Yeah the thought of any of them being able to survive without their status symbols is laughable. Money is their entire personality

--

Noticing the 8$ latte

--

Spends all their poverty wage on drugs, parties, and tatoos.

Bi girl

$650 on new tires

gonna need another $488 on brakes

I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS I HATE CARS

Dani, 26, Tulsa OK

Self-rated: 0/10

Personal Life:

• Bipolar

  • Had episodes she didn't know were episodes

  • On meds

    • Not very long, got diagnosed in Feb of this year

Career:

• Dog Groomer

  • "Not very much right now, I moved from Washington to Tulsa and I was making almost 3000 a month and I was in a high volume salon now I'm doing my own self-employment between two different salons umm so I'm bringing in post-tax maybe 1700 a month"

  • She's a 1099

  • About 30 hours at main salon, 4 hours here and there from other salon, based on how many clients she has, not making enough in commissions to make more than hourly

Debt/Expenses:

• $12 for therapy and meds a month

• Rent

  • $600 (includes utilities)

  • Splits with her partner "Jayden" (?) Not certain I got the name right

  • "Not in the best neighborhood but it is what it is"

• Doesn't have paperwork on her debts

• "Everything's in collections except for my Jetta"

• Car Mitsubishi Lancer: timestamp

  • Repo'd last year

  • Owes "just under 4'000"

  • 100 a month payment

  • Could afford it at the time because she was having a manic episode working 3 jobs at the same time

  • Bought in 2018, purchase price 10'000

  • 21% interest

    • Might not still have interest since it's in collections?

  • There was damage to the vehicle at the time that she didn't get fixed in time

• Car 2: 2012 VW Jetta

  • Owes $3'200 out of $7'000 purchase price

  • $200 monthly payments

  • Got it last August

  • Purchased through a friend

    • They purchased the vehicle and she pays them

    • Doesn't know the interest rate on this one, thinks it's 3 years

• Dental Credit: $875

  • In collections

  • "Why did you then not pay it"

    • "Basically because I just ignored it" timestamp

• "Banfield Debt": $682

  • Pet hospital

  • Paying $50 a month

  • 6 years old, just started payments

• Medical Debt:

  • Debt 1: $1'698

  • Debt 2: $1'144

  • Has not been paying either of these

• Card $1'296

  • 6 years old, has not been making payments

  • Not sure when the last time she made a payment

• "I am not a 'fall off the credit' kind of person but this could be the play" timestamp

• Dollar General

  • Lots of visits, mostly small purchases

• Lots of eating out

• Allegedly all the useless shit totals to around $400

Savings/Retirement:

• Savings: -$4.38 started, ended -$1 in the savings

  • Has a netflix sub coming out of this account

• Chime checking: -$4.63 started, ended at $7

  • a few apple bills

• Account 3: has $313 in it at the moment?

• I think there was another account mentioned but didn't catch the amount in it, not certain

someone invite them here tbh

he may have a point our gang banging population is hella low

biggest chuds on the net

Don't blame payday loan businesses. They provide a service to folks who need money with bad or no credit. The interest rates are so high because the default rate is high. Otherwise, they would not be able to stay in business. It's simple math. You should actually thank them for taking a risk on you and loaning you money in your time of need. Congrats on being responsible and paying off your debts!

The correct finance take is downmarseyd. I guess Redditors would rather this guy not be able to get money when he needed it.

And who's fault is it that they have horrible credit again? Not the pay day loan people.

In America? So many reason: medical debt, being in the foster system, minor crimes like shoplifting as a teen, being gay (ie your parents make you homeless), disability, a fire, your landlord ups the rent by 50% or more, your employer decides to fire you, ohh so many reasons.

Instead of being judgmental, you may want to show some empathy and compassion for those less fortunate. SPECIALLY if you call yourself a Christian.

The seethe is amazing.

It’s horrid. Places like that, payday loans/advances and rent to own businesses are nothing short of predatory. You only ever see them near poverty stricken areas of town. They just want to make your life worse

Well im not debating that they are not predatory.

But like do you think rich people need loans to buy basic items like furniture?

The shady stores don't stand a chance there because they would laugh and then buy something that costs more than 3 of the shitty rent to buy furniture sets that have probably been repossessed twice before you got it.

So close to getting the point. So close. Just because someone is poor doesn’t mean that it’s ok to target them with your predatory shit, and it certainly doesn’t mean that these businesses even vaguely belong in working class communities.

Completely misread the point and smugposts about it.

That's all the effort you are getting out of me. So many people there with poor financial decisions.