The initial U.S. coin to officially circulate, known as the Fugio Cent, featured the phrase “Mind Your Business” rather than “In God We Trust.” Benjamin Franklin is thought to have designed the coin, according to some sources. As a prominent and accomplished entrepreneur, historians theorize that Franklin used the term “business” in its literal sense. The intended meaning was not the later idiomatic expression “mind your own business,” but rather “focus on your matters.”
jiaozi
The first recorded use of paper currency in the world is believed to have occurred in China during the Tang Dynasty (618-907 AD). The Chinese used paper money in the form of “jiaozi,” which were paper notes issued by the government that could be exchanged for gold or silver. The jiaozi were used primarily as […]
Portraits of presidents were not depicted….
Portraits of presidents were not depicted on the official currency of the USA until the beginning of the 20th century. The first dollars had the figures and faces of the characters of Greek and Roman mythology and pictures with the participation of Native Americans appeared on the money.
The post Portraits of presidents were not depicted…. appeared first on Crazy Facts.
People Divulge Their Best Passive Income Sources
Not all of us make enough money from our jobs to survive. That’s why the side hustle, a means of making money alongside one’s main form of employment or income, has become such a thing.
Everyone seems to have one! But you know the saying, “Work smart, not hard,” don’t you?
That’s ideal… but first you have to figure out what to do and how to do it in such a way that you don’t compromise your main source of income. Oh, and hopefully it’s steady enough that you don’t have to worry yourself too much (or devote too much time to it)!
People told us all their tips and tricks after Redditor Kenneth0233 asked the online community:
“Smart people of Reddit, what are your best ideas for passive income?”
“I’ll give you a serious answer…”
“I’ll give you a serious answer, that did me well. Goes for people learning or that know a second language.”
“Find some public domain books, translate them. You now have rights over the translation. Get it into a library. Profit.”
“Works really well if you’re from an obscure part of the world undergoing political turmoil (Georgia, Armenia, Ex-Yugoslavia) that has been talked about in the media the past 30 years. University students will need primary sources, and there is a lack of supply.” ~ AjdeBrePicko
“Put ads on your car.”
“Put ads on your car. A friend has a large sticker on their passenger side door for a local business and they give him $100 a month to just have it there.” ~ fraxinnus
“Put 15 percent of earnings…”
“Learn to manage your finances and avoid debt.”
“Always be judicial with loyalty to any employer. Blind loyalty can bite you in the ass. If times get hard you are expendable. If you get a different offer of employment don’t reject it out of current loyalties but do weigh your options.”
“Put 15 percent of earnings into investments. An easily obtained seven percent yearly average will double your input in 20 years. 40 years would be near 5 times the principal.
“More aggressive investments could be much higher. 12 percent is a reasonably attainable average and the same 40-year investment would be over 18 times the principal. $400 per month for 40 years at 12 percent will net you $3.5 million on a $200 K investment.”
“Don’t underestimate the power of compound interest. When your money makes money is when true wealth happens.” ~ Birdapotamus
“If you have a bunch of cash…”
“If you have a bunch of cash, the best vehicle for passive income is and will almost always be municipal bonds in the state where you live. Federal tax-free, almost always state income tax-free, and will net you a pretty good chunk of cash if you find the right bonds.” ~ betterthanamaster
“Buy a partnership in a business…”
“Buy a partnership in a business that is already managed. You can be a passive partner in the business, but there are some rules that apply to passive partners that don’t apply to regular partners that can make this a headache, especially if the business losses money.” ~ betterthanamaster
“Not exactly passive…”
“Not exactly passive, but very low effort: house sit. I live in a decent area, near a good-sized city with affluent suburbs.”
“I get paid for basically hanging out, keeping an eye on the place, and taking care of a few pets, which to me is enjoyable, since I love animals and can’t have them where I live. I always choose places that are convenient for me to get to and also to commute to my job.”
“I house sat as a favor to a friend of a friend, and she gave me great references and recommended me to other people in her fairly affluent circle. I end up house sitting quite a lot at certain times of the year, and in really nice places. This might not be NO effort, but it sure as hell doesn’t feel like work.” ~ saltygirltarot
“If you’re artistic in any manner…”
“If you’re artistic in any manner, digital files you put to a marketplace are a good way to make a small side income. Though usually if you are artistically inclined you’ll also spend money on the hobby and so the first few years your income will probably be put straight back into it.” ~ Daelis
“Buy real estate.”
“Buy real estate. You can use tons of low-interest debt to buy it, you get depreciation and other tax benefits, and your tenants will pay off your mortgages and build up your equity in addition to giving you cash flow.”
“There are lots of good strategies, but no need to reinvent the wheel. This one works for dumb and smart people alike.” ~ [deleted]
“Educate yourself…”
“Educate yourself and don’t be afraid of work.”
“If you’re handy, look into real estate. If you’re techy there are ways to invest in dropshipping or Amazon affiliate businesses. If you’ve got the money you can afford to lose look into paper investments and crypto.”
“If you’ve got money you can’t afford to lose but don’t need for a while, look into bond ladders. In the end, educating yourself will pay bigger dividends than asking someone else what to do and nobody can tell you what your risk tolerance or work ethic is.” ~ yanbu
“Pay someone to manage it…”
“Own property and rent it out. Pay someone to manage it for you for a small percentage of your profits and/or in exchange for living there.” ~ [deleted]
“I check for smaller businesses…”
“I check for smaller businesses struggling with their websites/non-existent websites, create one that seems to be fitting for their apparent type of line, and market it to them – if they seem to be fine with it, I give them a contract to pretty much rent the website.”
“A lot of active work goes in, but fairly priced it will pay well in a long run.” ~ lymdyxdx
And there you have it.
If you want to make some money, you’ll have to spend some money.
And some forms of passive income also requite some amount of active work to get going.
So what are you waiting for?
Go make that coin!
People Explain What They Realized Only As They Got Wealthier
There’s no doubt that making more money can change the way you think and feel.
Research into this field has only increased in the years since the 2008 recession while high rates of income inequality and limited socioeconomic mobility have become more apparent than ever.
Psychologists found having more money can drastically affect the way we see and experience the world.
Why is that?
Well, wealth gives you more autonomy and freedom. And with that can come other changes, too.
The wealthier someone is, the less empathetic they are to others. By contrast, those who make much less money tend to be much more empathetic, generous and compassionate.
Wealth can cloud your moral judgment, according to one UC Berkely study.
But guess what? So can merely thinking about money, according to a study conducted by researchers from Harvard and the University of Utah.
We haven’t even gotten to the way other people treat you when they know you have more money!
We were reminded of all the ways money can both simplify and complicate life after Redditor SheelahSchimek1980 asked the online community,
“What are some things you realized as you got wealthier?”
“There’s a lot less stress…”
“Money doesn’t buy happiness so much as it buys security. There’s a lot less stress about really critical issues with money, which has the unfortunate effect of freeing up your brain to be worried about more trivial things.”
“But not having to worry about certain expenses or fret over whether a minor indulgence will set you back is simply relaxing.” ~ AmigoDelDiabla
“You’ll always want one of those things…”
“Time is money.”
“You’ll always want one of those things more than the other. I’m not wealthy, but my income is enough to cover my expenses and still save a little bit, and I now realize that time is worth far, far more than money.”
“It’s why I always use my PTO time for vacation instead of cashing it out for extra money like all the dupes I work with.” ~ Polumbo
“Also, the cushion of safety…”
“Fortune and luck are not ignorable… they matter more than a lot of people are willing to admit, perhaps for ego reasons, or perhaps they’ve simply fooled themselves.”
“Also, the cushion of safety and ability to have most of what you need provides a lot of dignity that can’t be ignored either.” ~ ZookeepergameNo4680
“The difference in quality…”
“The difference in quality between cheap crap and middle range is often far larger than the difference between middle range and very expensive, even though the price gap is about the same or more.” ~ Arctelis
“Buying things in bulk is cheaper…”
“I realized how being poor makes you poor. Everything costs more when you’re poor.”
“Paying six or 12 months at a time on car insurance is way cheaper than month to month. So, when I was poor I spent more on that because I couldn’t save or plan ahead.”
“Buying things in bulk is cheaper, aka Sam’s Club. But when you’re poor, you’re not buying a toothpaste multipack. Too much upfront.”
“When you’re poor, you’ll buy a $50 pair of boots every year. When you have a financial cushion, you’ll buy a $300 pair of boots that last ten years.” ~ foodzillavsgothra
“The Dollar Store chains…”
“The Dollar Store chains are literally the biggest ripoffs you’ve ever seen. When you do unit pricing for things like toilet paper, diapers, etc. it’s amazing they’re allowed to market anything as saving.” ~ PetiePal
“I started hiding my wealth from people.”
“Wealth changes relationships and not in a good way. I lost friends because they found out I had wealth and felt that they were entitled to it and I was a bad person because I wouldn’t pick up the check for everyone at a restaurant.”
“They never expected this before but now they did. I started hiding my wealth from people. I drive beaters. I live in a small house. I became more conscious of people who just hate wealthy people.”
“Found out that I have several friends who believe they are poor because other people are rich and they blame rich people in general for all their problems not knowing that they’re literally talking to someone they hate and loathe.”
“The thing I really found more than anything though is that money doesn’t really make you happy. I’m just as lonely and isolated as I was when I was broke and money doesn’t help with that.” ~ agreeingstorm9
“I realized that time…”
“I realized that time is my most valuable asset. That’s why wealthy people pay someone else to do things like cleaning their house, mowing the yard, etc.”
“That’s low-value work. Wealthy people use that time to make more money.” ~ [deleted]
“As someone who’s moved over time…”
“As someone who’s moved over time from sleeping in my car and ‘staying late’ at the office just to have a place to rest my head to someone with a mortgage and a family, I’d say that it takes such a short time for improving circumstances (housing, decor, employment, financial freedom) to become ‘the new normal.’” ~ Following_the_Sun
“My effective tax rate…”
“How unfair the tax system is. My effective tax rate went down as I made more money. My lowest effective tax rate was 17% in my highest earning year (I was in the top 1% of earners). Tax regulation around real estate is absurd in particular.” ~ greeperfi
“We keep financial information very private…”
“I realized that you can’t talk about raises, promotions, or bonuses with certain people.”
“Those certain people will either not be happy for you at all or will expect to be able to borrow money from you. Or both.”
“We keep financial information very private for this reason. There are still people who are mad at us for not being their personal ATM. It sucks but you learn quickly how people see you.” ~ SnooSketches63
Is the grass always greener? Perhaps.
The fact of the matter is, don’t expect money to suddenly fix all your problems. It sometimes creates some entirely different ones.
But wouldn’t it be great if you or I could just find that out for ourselves?
Who do I have to give my bank account information to?
I’ll be here, just waiting patiently.
Facts That Will Decrypt Cryptocurrency
Cryptocurrency is said to be the future of finance, but no one knows who started it or how it’s backed up exactly.
If cryptocurrency is a bit of a riddle to you, you’re not alone.
This probably won’t fix that, but it’s a good place to start or at least have some fun facts to drop at parties.
Here are some facts you should know about the digital currency.
Fascinating facts about cryptocurrency
pic.twitter.com/KlPKj2FzTd
— UberFacts (@UberFacts) June 30, 2021
What is it?
In its simplest form, Cryptocurrency is digital cash that can be exchanged online for goods and services.
It is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
And no one can really regulate it.
A defining feature of cryptocurrencies is that they are generally not issued by any central authority, like a government.
That means that theoretically, governments can’t tamper with or manipulate them making them potentially more insulated from issues like inflation.
There are a lot of different types.
There are over 10,000 types of cryptocurrency currently in circulation.
On May 27, 2021, the total value of all cryptocurrencies was more than $1.7 trillion.
The most popular type of cryptocurrency is Bitcoin, which has a market capitalization of $735.3 billion. In the last 5 years the price of Bitcoin has risen 23%.
But no one knows who started it.
No one knows who created Bitcoin or even cryptocurrency in general.
The anonymous creator of Bitcoin is referred to as Satoshi Nakamoto.
A popular belief is that this name is an acronym for four leading tech companies:
Samsung, Toshiba, Nakamichi, and Motorola.
Before buying it you had to mine it.
Crypto-mining is the act of using high-powered computers to solve complex mathematical equations in order to find, verify, and log transactions.
Being the first to solve the equations came with a reward: cryptocurrency coins.
But, there are other types of cryptocurrency.
The second most popular crypto is Ethereum at $324.2 billion; the third is Tether at $61 billion.
They are all incredibly volatile because of market changes.
And people are super into it.
The currencies’ market capitalization is so high because much of the interest surrounding them right now is rooted in the trade for profit.
The total amount of Bitcoin in the world is limited. That’s why it continues to increase in value as supply decreases. Think of it as a finite resource like water or oil, someday, we will run out.
The technology behind cryptocurrencies is called blockchain.
People like it because it’s a decentralized processing and recording system and it can be more secure than traditional payment systems. Ensuring that there isn’t one central hub can protect the currency from cyberattacks.
But, not all countries trust it.
There are currently six countries that have banned all activities involving cryptocurrencies:
Algeria, Bolivia, Morocco, Nepal, Pakistan, and Vietnam.
Qatar and Bahrain ban the use of cryptocurrencies locally, but allow their citizens to trade crypto outside their borders.
China, on the other hand, is the biggest cryptocurrency miner.
Financial specialists have complicated views on the matter.
Billionaire Warren Buffet has stated that he doesn’t own cryptocurrency and probably never will since there is no real backing.
While explaining the risks of crypto, Buffett compared the currency to paper checks.
“It’s a very effective way of transmitting money and you can do it anonymously and all that. Are checks worth a whole lot of money? Just because they can transmit money?” – Warren Buffett
This is also because Buffett only invests in things he understands. So many people invest based on trends or what their advisors say, but professionals such as Buffett do their own research and only invest in things they can understand and back.
At the end of the day, planning your financial future and deciding where to invest your hard-earned money is a personal experience. So, do your research and remember that what works for some might not work for all.
Cryptocurrency might be a mystery for now, but technology influences the market often so, we must try to learn as much as we can and try to stay ahead of the curve.
People Who Work For The Super Rich Share The Craziest Thing They’ve Seen On The Job
Rich people, meaning those with an excess of money beyond the average person, will do some unthinkable things simply because of their wealth privilege.
Psychologically, people with incredible amounts of money often don’t see their own privilege. They think their wealth, and the lack of wealth in others, was simply due to their own morals, character traits and abilities.
The filthy rich are also at a high risk for depression because wealth can cause a relentless need for more that has been linked to unhappiness.
Redditor NeighborhoodTrolley asked:
“People who cater to the super rich; what things have you seen?”
We want to know what money really does to people.
They forgot a whole car.
“I’m a driving instructor and one group rented the track to drive their supercars for the day. At the end of the day they all partnered up and got into the cars to leave. After they were gone we realized that they had forgotten their Lamborghini Aventador at the track.” – skell15
“That was the tip.” – TheBokononInitiative
“If I had a nickel for every Lamborghini I forgot somewhere, I tell ya, I’d be rich!” – ShaughnDBL
“‘Dude… where’s my car,’ for the super wealthy.” – giddyup281
Just get it catered.
“Family friends were having marital issues. Their marriage counselor figured out a lot of their problems were over cooking meals.”
“The counselor reminded them that they are rich and can just cater all their meals, and it would be cheaper than getting a divorce. They listened to the counselor and now are happily married again.” – waterloograd
“‘Aren’t you guys like…you know…fabulously wealthy.’”
“‘…oh yeah, we’d completely forgotten about that.’” – Foxsayy
“This is some real curb your enthusiasm sh*t.” – emsok_dewe
“Until they get divorced anyway because someone falls in love with the at-home chef.” – bakarac
“‘Money does make you happy HAHAHHAHHAHAHAHAHAHA.’” – poopellar
“Money doesn’t make you happy, but poverty can certainly make you miserable.”
“According to a 2010 study, a salary of around $75k – money buys security, after that there’s no measurable increase in happiness linked to money.” – Fraerie
“Oxygen is a better analogy honestly.”
“You know when you don’t have it.”
“All your priorities immediately shift to getting it.”
“You want an unlimited supply of it to never think about it again.” – PhotonResearch
Wouldn’t spend money on coffee.
“Client was a mega millionaire in the 60s so even richer when I met him. He’d ride the bus to the office to have free coffee. Every day.”
“He was the founder of a company that had it’s named emblazoned on shipping containers being transported via big rig trucks in the states, but also international shipping and logistics. Came into financial offices daily for the free coffee. Didn’t even talk about his finances, just for the coffee and then would skedaddle.” – sunlitglo
“He probably grew up in the 30s and knew to be defensive with his money.” – bingboy23
“My grandpa is one of those born in the 30s people and they’re a weird breed man. He owns a bunch of real estate all around Seattle and he cannot refuse a bargain of any kind & would be the one to ride the bus to get free coffee. Probably has 50 million in properties but still goes to the thrift store 3x a week hunting for a good deal.” – slapstellas
“Old neighbour had 7-8 mil. in cash and lived off of cooking potatores once a week and burning both ends of matches, hadn’t gotten a toilet installed in his house, still used one in the barn.”
“Was more than 90 when he splurged on a radio and tv. Dude would have been unhappy living a ‘wasteful’ life.” – Chiliconkarma
Private jet for a dog.
“A woman who owned a small private jet business told me one time someone paid them to fly their dog (by itself) to NY for about $45,000 for some training. No other passengers.” – aticho
“It’s silly to imagine an untrained doggo trying to manage at the baggage claim.” – tdriser
“I’ve had coworkers (in avaition) fly across the country for a lobster roll and coffee beans.”
“The trip there and back probably cost 60k minimum..”
“Unreal.”
“Private aviation is unreal. Let’s say you fly from New York to South Florida. (About 3 hours…give or take a bit). That’s 6hrs round trip.”
“Private jets can range from a few thousand an hour to 15k plus. Our company has larger planes..so let’s say 8k/hr. Round trip TRAVEL is $48,000. JUST AIRFARE.”
“That is more than a lot of people make in a year and these folks are spending that on airfare.”
“Private aviation has gone gangbusters since Trump’s tax cuts…. Good to know it helped some people….” – Guppy-Warrior
“See, this is why I roll my eyes when they tell us we all need to drink through paper straws to deal with climate change.”
“The problem isn’t me drinking through a plastic straw, it’s freaking Rupert Léopold Farnzworth III over here dumping massive amounts of CO2 into the atmosphere just to fly Sparky across the Western Hemisphere for an hour of dog training and some lobster bread, while Jeff Bezos launches a damn penis into space.”
“The straw thing was a bad example.”
“But still, even if Private Jets are only a small percent of global emissions, you gotta admit, the people that own them are probably the same people running the 100 or so companies responsible for 71% of global emissions, and if they’re cool with flying cross country because they’re too snooty for a damn cup of Folger’s, they’re probably spending a lot more time figuring out how to get out of paying taxes than figuring out how to make their companies stop burning the planet alive.
“I got no problem trying to reduce my own carbon footprint, but it feels a little disproportionate if those guys aren’t doing jack about their sh*t.” – adamislolz
Quite the tip.
“Old high school teacher of mine is an extremely successful private tutor and does a lot of work in the wealthy neighborhoods in the area.”
“He told us once he was tutoring a kid and helped him get prepared and pass his college level physics class and at the end of their last session the kid told him to wait there and went into his dad’s office and came out with his payment and an extra $1,000. My teacher tried to deny it, saying it was too much but the kid said his dad asked him to give a tip.” – TexasFordTough
“I used to deliver Pizza and this big ass house was ordering 4-5 pizza every Sunday, the lady (a worker at this house) was giving us $100 tip. The first time, when I tried to refuse it, she told me the ‘master’ of the house insist on tipping $100 to the pizza guys.” – hos7name
“I tipped a pizza guy $100 once for bringing me a corkscrew. Not rich just drunk.” – rhet17
“Check out old fancy pants here, drinking wine from a bottle that needs a corkscrew.” – a**_scar
The shadow yacht.
“I live near a company that builds yachts. One day there was an odd looking yacht. A crew member explained to me that was a ‘shadow-yacht’.”
“You see, when you get hyper rich and have multiple yachts. You wouldn’t want to ruin the astetic of your nice yachts with jetski’s and helicopters.”
“Nor would you want your crew to sleep on the nice yacht. So you buy a shadow yacht to store your toys and to house your crew. This shadow yacht follows your fleet of nice yachts around.” – Doppar
“I was hoping ‘shadow yacht’ meant it used stealth technology or fought the pirates.”
“I am disappoint.” – HOA-President
A special sales person.
“When rich people want to buy a Jaguar in the UK they get assigned a special sales person who is incredibly knowledgeable, they meet in a special fancy office, and special arrangements can be made.”
“This was my friend Chris’ job, he had access to things that a normal Jaguar sales person wouldn’t have. Like he could ring up the manager of the factory for special requests level of access.”
“Well a Saudi Price wanted to buy this new Jaguar that had been released, so they met up and spent a full day specing the Jaguar out. I believe the final price was something like 125k for the vehicle.”
“Then came the decision for color, at the time the factory had 16 different color choices for this model. The Prince asked if he could sleep on it as it was getting late and almost time for dinner/prayer my friend Chris says of course and they set a time to meet the next morning.”
“The next morning the Saudi Prince is like, ‘I figured out an acceptable solution to my color dilemma,’ to which Chris goes, ‘And what would that be?’ the Saudi Prince goes ‘I’ll order one of each color’.”
“And my friend Chris is like, ‘Oh, well of course.’ They quote delivery time, Saudi Prince was fine and asked for his options and was presented with ocean travel options to which the Prince said, ‘What about air cargo?’”
“Chris thinking maybe they’d do 1 or 2 by air cargo and the rest by boat, the Prince was like, ‘No I want all 16 vehicles loaded on a plane, and flown to Saudi Arabia’.”
“So that’s the story on how 16 of the same Jaguar with different colors ended up being flown to Saudi Arabia. All in the total cost was around 2.5 million. Please note the prices should be £ not $.” – luther_williams
Gift giving as a form of love.
“I became personal friends with my boss and his wife; super nice people. The wife turned out to be an heiress and would buy me whatever I mentioned, like in passing during a conversation. I learned gifts were how she was raised to show love.”
“I’ve trained myself to only talk about things I already own, unless I find something useful she might like and suggest it for her.” – Lazya**bummer
“Can you talk about a new house for your new reddit friend?” – mollested_skittles
“I’m not super rich or anything, but I think gifts are kicka** and I’d much rather spend my money on a cool gift for a friend who can use it than on something extra I don’t need.”
“I was a software engineer while most of my friends are/were in grad school/med school/working low-paying jobs, so I’ve enjoyed being able to chip in or get nice things for them when they said they couldn’t.”
“I do always make sure they’re ok with it and ask if I can in advance so nobody ends up uncomfortable.” – Zephaerus
Down to earth rich people.
“My grandpa was a piano tuner. He couldn’t drive due to epilepsy so family would take him to jobs.”
“One day dad took him to a job and got talking to the owner. He said the guy lived in the biggest nicest mansion he had ever seen. Everything in the house was crazy expensive. But the owner and his wife were very down to earth and normal. If not a bit rough around the edges.”
“Finally his curiosity got the better off him and dad asked how they made their money.”
“The guy said he used to drive a truck and got tired of needing to carry around bottles of ketchup.”
“That’s how my dad met the creator of the ketchup packet.” – blitzbom
An acute sense of time.
“Some extremely wealthy people I have been around have a more acute sense of their own time and mortality, leading to impatience. Like they understand how awesome their lives are and therefore how short they feel.”
“I knew a guy whose vintage yacht broke down before summer so he bought another one strictly for that upcoming Summer. His reasoning was he likely had 20 full health summers left in his life and didn’t want to spend one of them without a boat considering he had the means to. Honestly can’t argue with that logic.” – cholula_is_good
“I am beginning to feel the awareness of being able to count the healthy years left and I’m not mega rich. Must be amazing to know you can pack those remaining years full of wonderful and wild experiences.” – Earthan
It’s wild to think that there are people out there, using their money to privately fly dogs to training or buying expensive cars in every color.
All the while, people are going on strike for better working conditions and fair wages across the U.S. Half a million workers walk off the job in South Korea in a general strike.
If we’re not paying attention to the ultra rich, we might end up in a real Squid Games.
People Describe The Stupidest Financial Decision They’ve Ever Made
Learning how to use and save money isn’t a natural born instinct. It’s a skill that comes with a lot of time and a lot of budgeting.
It also comes with a lot of mistakes, as the only way to make sure someone learns is to make sure they mess up all the time.
Unfortunately messing up with money can have serious long term consequences. Having something on your credit report that brings down the score will stay there for years—seven whole years in the United States.
And since we don’t learn how to budget when we are young, how are we supposed to not make crazy mistakes that follow us around our whole lives?
Redditor viKiKing0 asked:
“What was the stupidest financial decision you ever made?”
Here were some of those answers.
Milestones Don’t Matter
“My now wife and I were renting a terrace house for $50 a week. The landlord who was a very strange cat offered to sell us the house if we paid the weekly rent for 10 years.”
“Rent per year was about $2600 so for $26000 we would have owned a house. We were 20 years old and ten years was forever so we said no . That was my BIG mistake.”
“To people who have asked : The house was in Tasmania. About 40 years ago. At that stage I was earning about $250 per week.”
“It was double story ,2 bedroom terrace house. We bought a house about 6 years later for about $75000. We knew the landlord, he was divesting a lot of properties he owned.”-1999falcon
“Was a 10-99 day trader out of college. Didn’t pay taxes for a year or two. Making peanuts, IRS won’t notice, right?”
“The penalties were more than the original amount owed. Had to put $6,500 on a credit card (bad choice #2). Sent me on a 20 year whirlwind of credit card crappiness. Should have paid my taxes.”
“Should have set up a payment plan with the IRS.”-LurkersGoneLurk
“I got my B.S. in criminal justice. Applied for quite a few jobs, tested in and interviewed for several, but never got them.”
“My dream job was to be a coroner investigator, but I totally flubbed the interview.”
“I ended up going back to school for 3 semesters and got a second A.A./certificate in Paralegal Studies, got a job within a month of graduating.”
“I somewhat regret my CJ degree, but having a Bachelors really helps with other job prospects, so it all worked out in the end.”
“Find something related to the field that you might enjoy if finding work in the field doesn’t work out.”-callhersavage
When Stress Lies To You
“Last year at the start of the pandemic I got a great job as a video game developer working on one of the most successful VR titles.”
“After a few weeks the imposter syndrome was getting worse and worse and eventually I just…quit, I couldn’t take the stress it was causing me and I explained I’d need some time.”
“I never went back to it, never communicated, just returned to a state of depression.”
“Now I’m sat at work on a hot Sunday afternoon back in my call centre job, worrying about how I’ll get to the end of the month with the money left in the bank.”-MrSpindles
“Columbia warehouse records and tapes. I was 15….didn’t read the fine print stating i agreed to purchase at least one tape or record EVERY month for a year.”
“I got my 13 cassettes for a penny…and bought maybe one or two more cassettes as the year went on then forgot about it.”
“Cut to a year later i owed the difference of $86 for the cassettes i didnt buy. They hounded me for 10 yrs…one day when i came back from working offshore i had a few grand and was like ‘fuck it..u win’…i sent them a check for $86.”
“I like to think my account went through multiple hands through the years within the biz and once i eventually paid, the person got a promotion and a celebration was had for FINALLY getting this dude to pay up.”-ImInArea52
“My ex and I moved in together. Paid half each for deposits and all the bills etc. I took out a 4k loan in my name and bought furniture with it, I also bought us a 1.5k bed on finance.”
“My mistake was not getting it in writing that as I was paying the loans anything purchased with that would be mine.”
“I walked away with an £800 telly and nothing else and was still paying the loan off for 1.5 years after I moved out. In the future I will be keeping receipts and written agreements!”-spitroastyomum
Getting Screwed By An Ex, An Ex-Family Or An Ex-Hobby
“When I split with my ex husband, we came to our own agreement – I gave him the house (my share was about $100k) and he wouldn’t ask for child support (even though we had 50/50 care, I’d still have to pay him as I earned more).”
“I thought it would be less disruption for our kids if they could stay in their home half the time, and I’d be able to save for my own home deposit over the coming years.”
“We agreed the house would eventually go to the kids anyway. Despite the split, I had complete trust in him sticking to the deal.”
“4 months after the house was in his name, he moved in with his new girlfriend, sold the house and took me to court for child support saying there was no agreement.”
“The court believed him and I had to pay him another $80k over the next 5 years. It’s the worst decision I’ve ever made in my life, and I’m still suffering for it.”-idontwannabeflawless
“I wound up with a good $5k in credit card debt because “family”. Cut off most of my family 4 years ago, and it took another 3 years to pay off the debt.”
“My credit is still only decent because of how often I’d skip paying the bills because my family needed money again. I kept being told it would all get paid back, and they would pay off the credit cards.”
“Shockingly – they never did. Told me since I was cutting them off, I didn’t deserve it.”
“It’s RIDICULOUSLY hard to recover your credit once the debt is paid off because now you have nothing to pay to prove you can pay it, but no one will lend to you, because your history shows you can’t pay it. Capitalism ftw.”
“Sometimes I wonder how my family would react now if they knew how much more money I make now than I did back then, and they can’t get their grubby little hands on any of it.”-Emmyisme
“Last year around this time a buddy and inwere discussing AMC stock..it was like $1.98 or so…i told him ‘dude..im looking at the amc stock..when covid is over by next summer its going to pop..might go to $10 a share..we can make a quick buck.’”
“I was going to put $20,000 in it on margin….we discussed this for the next two months a few times a week…its gonna pop..its gonna pop….THEN the news started hitting around november of movie chains going bankrupt..out of biz for ever.”
“Streaming new movies is the new way of life…movie companies releasing movies same day as theater and in some cases ONLY on streaming…etc..etc…it was relentless news on how theaters are done for good…….so i didnt buy it.”
“Yes..im a dumb a**….but i believed streaming new movies was taking off big time and amc was on the verge of collapse based on all the news and chaos.”-ImInArea52
“I met a woman online, went to see her for a week, then decided to move across the country to be with her.”
“To afford this move, I sold all of my Magic: The Gathering cards which were older than Mercadian Masques for $3000.”
“These included a full set of dual lands (about an even split of Revised and Unlimited), some Arabian Nights stuff, and Mana Drains and about ten Force of Will.”
“She met someone else while I was figuring out to how move, and informed me when she met me at the airport.”
“About 10 months later, I used my last dime on gas as I packed my stuff into my car and drove across the country to move back in with my father at age 24.”-bp_516
Everybody makes major money mistakes. Financial independence and stability is not something anybody comes by naturally, if they’re not from a wealthy family.
Perhaps it’s time to be a little bit more forgiving of our own transgressions.
From 1945 to July 1946, Hungary had the highest…
From 1945 to July 1946, Hungary had the highest inflation ever recorded. The highest banknote value went from 1,000 Pengő in 1944 to 100,000,000,000,000,000,000 Pengő in mid-1946. At this time, the total value of all Hungarian banknotes in circulation combined amounted to $0.00001 USD
The post From 1945 to July 1946, Hungary had the highest… appeared first on Crazy Facts.
People Reveal the Ways Poor Folks Pretend to be Rich
I’ve never been rich in my life. And I probably won’t ever be. And that’s fine, as long as I can live a decent life.
But there are some people who, for a variety of reasons, would love to be PERCEIVED as rich, even if they don’t get any of the actual experiences that come along with it.
What screams "I’m poor but pretend I’m rich"? from AskReddit
How do we tell when this is happening? Reddit has some examples.
1. Showing off your cars
There is a security guard that works at a popular bar/club in my city. He managed to buy an old(er) Lambo recently.
On the weekends, he will drive by the bar several times before his shift as people are lined up outside revving his engine while at the stoplight. His new thing is pulling onto the sidewalk in front of the bar, parking it, getting out, saying hi to everyone he works with, waiting for people to walk by the car so he can let them know it’s his, and then leaving (again-revving the engine as loud as possible on the sidewalk).
He does this for about 2 hours before his shift starts at 11 or 12…..If you have money and can afford nice cars, you do not need to show them off.
– 2med_or_2bed
2. The special plate
A few years back, my dad brought home one of those fancier looking square plates. He then told my mom that he wanted all of his dinners served only on this plate.
We lived in a trailer park and always had cheap things for dinner but for some reason he felt like he was special enough to only use this plate and be the only one allowed to use it too.
At some point, she forgot and put his food on a different plate. He yelled at her, threw that food in the trash, and broke his special plate.
Dude is poor financially and poor in his treatment of his family so this is a pretty good answer to me.
– LiaLovesCookies
3. The social media grifts
Asking people on Facebook to get in on your Herbalife scheme
Bragging about how you’re going to get rich from crypto but you keep talking about a different “coin” every week
– garlic_naaaannn
4. Just braggin’
Bragging about wealth or high paying jobs.
Most of the rich people I’ve known in my life were actually quite quiet and secretive about their wealth.
– slider728
5. Flexing
Honestly, anyone that feels the need to openly display how “much” money they have.
By flexing designer clothes, talking about their income, showing off their car, etc.
It just screams insecurity.
Aside from maybe a few outliers, the only people who do this are poor or kids spending their parent’s money.
– ur_boy_skinny_penis
6. Putting everything on credit
I worked a min wage job for a long time and it was crazy to me how many of my co workers always had the newest iPhone, an expensive Starbucks drink twice a day, and obviously expensive clothes, hair, and makeup.
It just all went on credit.
However, it is ridiculously expensive to live where I am ($1 million for a 1000 square foot home built in the 1980’s level expensive) and I think the apathy over knowing they will never own a home no matter how hard they work and save leads people to simply buy what gives them that rush of dopamine and makes their day to day life more enjoyable.
Rent is also super expensive here, about $1500 a month for a 1 bedroom ~500 square foot place. It’s hard to blame people for spending the little bit of money they have left over at the end of the month on fun things rather than saving it.
– FromDwight
7. Making a persona
I have a high school friend who is a self proclaimed rapper.
We are in our late 30s.
He has LV and Burberry everything, and posts photos of his shoes, belts, sunglasses, and even face masks. He poses in front of his apartment that I know is not the best. He also has a go fund me for studio time. He has a few kids and I’m in touch with his first baby momma. She says his income reported to the court does not match his lifestyle.
I am hoping he has success in his career, for the kids’ sake.
– d0m1ng4
8. Flashing it
Blatant displays of trying hard ‘wealth’ in the form of ostentatious brand names, flashy accessories, etc.
A couple of genuinely rich people I know keep it very low key.
They have money in stuff like property, don’t flaunt their wealth in your face, and often look/dress like Joe Average from the suburbs.
– MisterMarcus
9. The Mountain William
My aunt was what we call a “Mountain William”. It’s a term for a hillbilly (which we are, to a degree) who has had a taste of the finer life and wants everyone to think they are rich and high society. I loved her to death, she was and is my favorite aunt. Sweetest most generous woman I might ever meet.
But her home had an air of… Falseness about it that shaped my view of people well into adulthood.
She loved “crystal”. Bowls, lamps, chandeliers in every room made of crystal or fake crystal. Baskets that were supposed to mimic wicker, but we’re woven with fake gold wire with crystals embedded aesthetically. She had fancy looking furniture, and it was probably expensive, but the fact that her massage chair was probably the most expensive thing in her whole house just enhanced that fake richness of the whole thing.
Don’t get me wrong, her home was beautiful and as a kid, I was so afraid to touch anything because it looked so nice. But it also just felt fake. So to me, surrounding yourself with grandeur like that feels fake.
– SickViking
10. Twisting the numbers
I tell people I made a 140% profit on AMC when it exploded a few days ago.
Which is true.
What I leave out is that I only put in 5.75, so my 140% profit is like 7 dollars.
– 52-61-64-75
11. The Great Gatsby
It’s been a while since I’ve read it, but at some point they discuss the differences between those with new money and those with old money.
I think that people – who are over-zealous in showing/spending their money – indicate an insecurity in their wealth. It is one sign that they may be a poor person pretending to be wealthy.
This is not entirely the case, but definitely something to think about.
– Alfred_The_Porcupine
12. Just rudeness
Talking down to people in service jobs. The cashier, waiter, guy stocking the shelves is not your personal servant and you don’t yell commands at them.
One of my friends comes from a generationally wealthy family who has a live-in butler. The family speaks to the butler with the utmost respect.
There’s a certain professionalism with the butler (doesn’t get too close with the family for example), but he was not looked down upon in any way.
– IVTD4KDS
13. Counterfeit clothes
I work at a sneaker store and it is FILLED with fake designer clothes and rare sneakers.
Every time I see one I make a point to greet that customer and ask where they got it.
It’s hilarious to watch them scramble for an answer.
– CRRudd98
14. The posing
Me taking pictures of myself on vacation staying in luxury hotels knowing good and well I couldn’t afford to stay in these places without splitting the cost of the room between me and my three closest family members.
That’s fun!
– blackwidowinsc
15. It’s in the bag
Seen hordes of women shopping at a walmart with luis vuitton handbags, gucci clothes etc, but they buy the cheapest food we have.
They think spending their money on a f**king several hundred dollar handbag is more important than healthy food.
What a joke!
– Swimming-Perception7
The reoccurring theme here is that most people who are truly rich would really rather not advertise it – they don’t want you bothering them.
But what do you think about this?
Give us your thoughts in the comments.
The post People Reveal the Ways Poor Folks Pretend to be Rich appeared first on UberFacts.