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.

November 9, 2021

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.

November 4, 2021

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.

October 21, 2021

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.

September 17, 2021

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.

July 26, 2021

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.

July 26, 2021

Housekeepers Talk About the Biggest Secrets They Discovered on the Job

I’m not rich enough to hire a housekeeper or a maid or any kinds of help. I’m barely even rich enough to pay myself in my own time to clean my own kitchen.

But for those who are – what kind of implicit social contract is that? And how does it all shake out?

Housekeepers of reddit, what do you know about the owners of the houses that they don’t know you know? from AskReddit

Let’s snoop with some Reddit folks, shall we?

1. The recovery

Dog walker, here. I was dog sitting for an older work friend once and saw her “days sober” calendar.

I was simultaneously sad, because I had no idea she was struggling, and happy for her because she had almost a full month marked off.

– cleanandclaire

2. The loud talker

I’m a nanny. The last family worked for I overheard the Dad calling his insurance asking if a certain Rehab was covered.

He talks LOUD naturally.

I heard what he was going for and everything. Nobody knew not family not friends. Just me and them. They never knew I knew.

– Thesugarsky

3. The Narnia office

A bit of an innocent one but while I was cleaning I saw this cabinet that was very large. Like someone could fit a body in there.

So, being curious, I opened it and saw A WHOLE ROOM. It was crazy!

Inside there was a bed and lights attached to these tall wood pieces. Then a mini bookshelf with some books and a desk and computer. It was absolutely amazing.

– LemmeHear

4. Silent but deadly

Not a house keeper but a nanny.

A family once took me on vacation with them so I could watch their kids while they‘d go out and explore the area.

That week, my bed was the couch in the living room. It’s late at night, the kids are sleeping, I’m laying on the couch and the parents get back.

The dad says, “is she sleeping” referring to me? I didn’t say anything so apparently he assumed yes. He then started farting very loudly.

– sisof2

5. The expectation

Our maid service found our positive pregnancy test in the bathroom trash, after presumably finding negative pregnancy tests in the bathroom trash for the previous 12 months.

Left us a nice little congratulations note on my wife’s nightstand.

– fizzleguy

6. Playtime

I’m not a housekeeper but my late aunt used to be.

One of her clients, who was fairly well-to-do, had a whole closet full of genital themed toys. And when I say “toys,” I’m not using a euphemism for “sex enhancement items” or anything like that. Literal genital toys.

Windup penises with googly eyes on them, PEZ dispensers shaped like the most browsed pages of a skin mag (I suspect these weren’t official PEZ brand), rather risque variants on “pin the tail on the donkey”, a Nerf-like gun that fired foam phalluses . . .

– Times_Hunger

7.

My aunt is currently a house keeper.

The had this one client who would throw used feminine hygiene products under the bed; pads specifically. No matter how I think about this I just can’t imagine how someone can get to that level of grossness.

If you’ve ever had a heavy menstrual cycle and wore a pad, you know sometimes not everything is absorbed into the pad. You need to immediately sit down in the toilet or it can quite literally go everywhere.

– aamirazeal

8. Drink it in

That she got a DUI. Typical religious white collar family; husband, wife, and 4 teen kids.

She had one of those at home breathalyzer tests from the court sitting in the master bathroom, it takes your picture as you blow into it and it sends it to your probation officer. I only know because I was on probation a few years ago and had one too.

Curiosity got the best of me and I looked at her public record…yup. DUI and she messed up on probation too, had another court date. After that I started noticing 12 step books and such.

– LunaTheFerret

9. Enjoy your stay

Working in hotels is similar to cleaning someone’s house, because those comfortable will lay it out for you.

You can tell if someone is messy or tidy at home, how well they take care their things, what they eat, how much they drink, what medical problems they may have, and if you get the chance to meet them you can piece together why they live the way they do by telling their stories.

I never made fun of our guests or judged them. That would be so unfair and intrusive.

– silly-noodle

10. I’m not telling him, you tell him

Man of the house ask me and the other cleaning crew ladies if we have ever seen this type of dog leash. Holds up what is clearly a under bed restraint system looking confused. I didn’t say s**t. We all looked at each other like “f**k no im not telling him” he says “mmm, maybe she wants a dog. Why was it under the mattress ???” He just wandered off dragging this thing behind him.

He was a nice guy worked a lot, tipped well, gave us holiday bonuses. She was a trophy wife, and was not nice to him.

They divorced while i still worked their, he got a dog named mayonnaise and was much happier. It was a rescue greyhound. Sweet dog. I don’t live in that town anymore but i hope mr jim is happy still.

– Kantotheotter

11. LOL look at the username

My cleaning guy caught me leaving the house once.

Said he knew I smoked pot because he’d find stuff for it a lot and asked if he could find me some for a camping trip with his wife.

I freaked a little after he just said “I know you do marijuana”. I was like am I catching a lecture

– 420Minions

12. Inside out

Not the housekeeper, but,

I thought I had this brilliant hiding spot. And when I lost my wallet, my Maid told me “you should hide it with those papers inside your nightstand next time”.

I felt such fear. She knows the house better than any of us.

– AndreZB2000

13. Twilight breaks

Buddy of mine used to clean houses with his mom.

He told me about this one massive mansion they would clean and how there were no mirrors in the entire house. There also weren’t a lot of windows and if there were, they had thick drapes.

He met the family only once and told me they were very pale and quiet people.

He worked for f**king vampires

– drop-mylife-away

14. Everything

Honestly, everything. I worked in a house manager/butler type of position, and there is nothing you don’t find out eventually.

The trajectory of the toothpaste droplets on the mirror would tell me which of the women had spent the night. I knew passwords to computers, alarm systems, bank accounts and safes that I hadn’t necessarily been provided with.

Drugs, kinks, medical history, sordid family secrets, skeletons in the closet, you name it. I think that’s the reason salaries get obscene if you stay long enough, your silence is literally golden.

– CopingMole

15. The embezzler

I wasn’t exactly a housekeeper but I was cleaning up files at a job that I quit a few years ago.

Within a week, I found out that the owner never paid any of her bills and used government funds (that was supposed to go to the adult care center she ran) to buy herself expensive cars and houses that she shouldn’t have been buying in the first place.

– curlyquinn02

The intrigue is absolutely scintillating.

Have you ever been in a position like this?

Tell us about it in the comment.

The post Housekeepers Talk About the Biggest Secrets They Discovered on the Job appeared first on UberFacts.

July 26, 2021

“Rich” Behaviors that People Think are Highly Suspicious

There’s absolutely no shame in being poor. Or at least, there shouldn’t be.

It is, after all, the state that the majority of humans live their lives in, usually through no fault of their own.

And yet we do so closely associate being financially poor with being a failure as a person. Which is probably why so many poor folks just decide to pretend they got money.

What screams "I’m poor but pretend I’m rich"? from AskReddit

Reddit’s got some examples of this strange phenomenon.

1. Just showing it

It’s generally good advice if you have a lot of money to keep your wealth secret or at least ambiguous else people try to take advantage of you.

Most wealthy people follow that rule, or they learn it pretty quickly.

So anyone trying to show wealth is either new to it or showing more than they have.

– Nirosat

2. The tracksuit don

I have a relatively poor friend who doesn’t have a tv or anything, but they go around in a several hundred pound tracksuit and wear fake diamond rings they bought on wish, which he tells people are real

– IrishPotato28

3. The $10 Cadillac

Use to work at a 7/11.

Once a month for a week this guy would come in with a rented green Cadillac and a very obvious prostitute on his arm.

Would flash a wad of money while in the store and make it VERY specific that he wants $10 on “THAT GREEN CADILLAC RIGHT THERE!” Co-worker told me he does it with his SSI check.

– ScreamingBaboon

4. The MLM babe

Women who post a bit too often about how great it is to be your own boss and be living a plush life and here are pictures of me by a pool wearing a sparkly swimsuit and you too can be rich, set your own hours, travel, and get to lounge by pools if only you sign up with this definitely-not-a-pyramid-scheme company.

Bonus points for having a glass of wine in the shot and forgetting to move the box it came in out of the shot, thus ruining the illusion that it was expensive wine.

– Eliott_of_Elsinore

5. The sad reality

As much as some of these examples are based on s**tty choices, there’s also the fact that the poorer people get, the less stake they have in any kind of future or long term thinking.

That’s not a critique of their intellect, it’s just their reality that they’re never going to be able to travel, own a home, any of the basic aspirations that used to be drilled into people as options if they worked hard.

So where I might see a big TV as something that’d be nice, but I don’t need one right now, they see that as being as good as life gets, watching bulls**t in increasingly higher definition, because poverty doesn’t have room for long term gratification.

– EndlesslyRotatingNed

6. The 80’s vibes

When my sister and I were little we would unplug the receiver of the phone, take it outside, and pretend to talk on it.

The hope was that someone would see us and think we had one of those new-fangled cordless phones and be jealous.

– rleash

7. Dubai, Felicia

For British people – holidays to Dubai.

Often the same price as going to Spain but somehow seen as ‘flashy’ and aspirational despite being a miserable hole built on slavery

– WIDE_SET_VAGINA

8. The shilling

Shilling online coaching on how to get rich. Usually business/trading/crypto stuff if you’re a man and MLM/manifestation stuff if you’re a woman.

Not that there aren’t people who get rich, through selling courses, not through the methods they’re teaching, but the market is oversaturated.

– Nemesinthe

9. Way out of whack priorities

Too many times I clean up after evictions and there is empty bottles of grey goose, Hennessy

Expensive clothes, shoes.

Many things that if they just bought cheaper stuff or nothing at all they would have been able to pay the rent.

– TJTurner912

10. Getting way too excited about having stuff

Posting literally everything you buy on your Instagram story.

No one really cares about how many gym pants, make up or other packages you bought.

It just always gave me the vibe of you’re not used to getting nice things so whenever you do, you post it everywhere.

Kinda has the opposite of the intended effect

– ocs_123

11. The bigger, the badder

Any clothing with big brand name lettering all over it.

The more expensive the brand and the bigger the lettering the more it shouts “I’m actually poor”.

Sorry.

– Kopites_Roar

12. The YOU show

People who post every single thing they do in their social media, like pretending they’re some kind of super famous models and everyone needs to be aware of what they do.

I don’t think it means “I’m poor” in an economic way but rather “I’m poor in my life and I need strangers to be interested in what I do in order to fill the emptiness in me”

– Mingura666

13. Can you tell?

Honestly it’s hard to tell sometimes. A lot of people here probably think that “real” rich people live in a modest house with a base Corolla/Camry with the beige interior, super cheap budget and live like they have no money… And to me I don’t want to be that guy but I feel like some people who vehemently say/comment this feels like just a confirmation bias to take up the moral high ground on other people who spend their money in more obvious ways.

I worked with CEO’s of airline companies, hedge fund managers, CEO’s of law firms and I can without a doubt I’d can tell you MANY rich people don’t live like broke college students and “modesty” is relative.

For me the pretending to be rich folks are people who window shop with no real intention of buying items at luxury stores to basically take pictures of themselves with luxury items/goods. People don’t like this but when you go to fancy stores like Louis Vuitton, a Mercedes dealership or Burberry the staff are VERY judgmental and I can tell you it’s not really about what you’re wearing that tips them off.

– deathaddict

14. The mismatch

Putting 5$ gas in your fancy a** car, I have seen a bunch of people drive cars they can’t afford while working at a gas station.

– Lachigan

15. Grills?

I had a guy with a grill in his mouth try to intimidate $20 out of me on the street the other day, so I’d say grills.

– backreddit

Sometimes *I* pretend to be rich by making two raman packets at once. Don’t hate, jealousy is a disease.

But what do you think about all this?

Give us your opinions in the comments.

The post “Rich” Behaviors that People Think are Highly Suspicious appeared first on UberFacts.

July 24, 2021

37 Times People Were Given Horrible Financial Advice

Bad financial advice can come from all kinds of people, sometimes even from folks who really believe that they have it all figured out when it comes to finances.

But you always need to be wary and you need to do your homework when you get money advice from anyone, no matter who they are.

Folks on AskReddit shared stories about really bad financial advice they received.

Let’s see what they had to say.

37. Thanks, Dad.

“My dad in 2008 – “Don’t invest that $1,000 into Apple.”

My dad in 2012 – “Tesla is a pipe dream. Stock won’t be worth the paper is printed on.”

36. Hmmm…

“Don’t pay off your entire credit card balance when the bill comes.

Pay it slowly so that it shows your ability to pay debt over time.

This will help your credit score.”

35. Don’t take that advice.

“”Lease a car, don’t buy used”

leased car price -> $25,000

My used car I drove for multiple years without maintenance (aside from tires/oil) -> $3,000.”

34. Time to leave.

“My husband and I were looking to sell our home and buy another and the realtor told us to put 99 dependents on our taxes so we make more. She said she had done it for years and it was fine.

We left pretty quickly after that.”

33. Doesn’t work for everyone.

“Take out a student loan.

You’ll be able to pay it back easy when you have a degree.”

32. Go your own way.

“Don’t be a programmer. Your job will get outsourced to India.” – my dad when I told him excitedly as a teenager that I tried coding and loved it.

I ignored his advice and I’m now a programmer and still love it. Oh, and the pay is great too. I am now making a lot more than he ever did.”

31. Just do it!

“To buy a house when they were giving them out like candy several years ago. I had bad credit and an unstable job, I said no way.

So many people were pressuring me. All those people lost their houses. Those balloon payments are no joke.”

30. Don’t understand…

“Recent terrible advice: I got hit while driving on a highway and have a crinkled in rear side fender and cracked tail light. I can still drive it, but who knows what damage is underneath.

My car is only 5 yrs old with maybe 60k miles, so it’s still a great car. Yet, my early 20s friend said I shouldn’t get insurance to fix it and instead just “pocket the deductible to save up for a down payment on another car”. Or maybe file the claim and pocket the money.

My deductible is $300, and I wasn’t at fault, so the other person’s insurance is likely going to pay my deductible. I just straight up cannot understand where he is coming from. Why wouldn’t I get the car fixed so I have a fully functional, reliable car? It’s, at most, $300. I just don’t understand.”

29. A big mess.

““If you can’t afford to pay back your student loans just ignore it. Can’t bleed a turnip…” – My father.

He followed it with something along the lines of “what’s the worse they can do to you?”

The answer… ALOT. They can do a lot to you.”

28. Can’t do that.

“My parents and grandparents keep pressuring me to quit my job because I’m pregnant. They think my husband’s job will sustain us and we’ll just have to penny-pinch a little more.

I don’t know if they realize that we all live in America. It will absolutely take both of our incomes to raise our child, especially since I’ll be taking 12 weeks of unpaid maternity leave in about a month.”

27. Never heard that before.

““Saving money attracts bad luck” “Do not save or else you’ll end up using it for an emergency”

It’s a Filipino superstition that “saving” attracts an emergency. Do not save so that you don’t experience an emergency.

Being frugal is frowned upon. What happens if an emergency happens and they have no savings?

They “borrow” money from frugal people and if you say no to them because you know they spent their money on useless things they will say “you can not bring all your wealth to your grave”.

I choose the people who I lend/give money.

“Buy things to see the fruit of your labor”

When buying new expensive items, sometimes things they don’t really need. I have no problem on this if only they use this words once in a while but do it every paycheck is too much.

Then they will proceed to tell me buy stuff like them and not be frugal because you know, you can’t bring all those money to the grave so might as well use it immediately.”

26. Sure about that?

“Several years ago, my company went under new management. They were going to have to pay us all of our remaining, unused PTO. I figured, great, I have a ton of PTO left, like $5000 worth. (I had A LOT of unused hours)

One of my colleagues said “YOU’RE going to be hit with taxes.” And she said it like “oh, you better be prepared. Don’t get excited, they’re going to tax the s**t out of you anyway so don’t expect much!”

I get hit with taxes every paycheck, lady. And when I did the math, they didn’t take out a higher percentage of that PTO than I normally have taken out of my paycheck, so when I did the math beforehand, I managed my expectations well

Then, I was a manager of a call center. The call center agents made 12.00 an hour, but once I came in, I raised it to 15.50 an hour. One of them complained to me that this means her taxes are being raised and she’s earning less. She didn’t see the higher number on the bottom of her check for some reason.”

25. Oh, Dad…

“My father would tell me to max my credit card on a new car and if they asked for payments just say “F**k em, what are they going to do?”

My father is several levels of debt hell deep that he’s trying to get out of now, but he’s at least trying.”

24. That’s a bummer.

1976 San Francisco. Keep renting, no one will ever pay $35,000 for a 2 bedroom house and garage with a sweeping view of the East Bay.

I went back to visit the old neighborhood a few years ago, those $35,000 stucco homes up many flights of steps perched on the top of Potrero Hill were now all gentrified, remodeled, gated, and asking $1M+ and that was 5 years ago.”

23. About that iPad…

“About 5 years ago, I had a friend who was trying to convince me to study through a private college because they “gave her a free ipad”.

She never finished the course, but kept the iPad (you only got to keep it once you pay your fees and graduate. Mind you, the price of the course included the iPad so it wasn’t free).

So last year, four years later, I get a call from the college asking for her contact info. She put me down as a reference and they were chasing her down because she still owed her fees and wasn’t entitled to keep the iPad.”

22. Not too bright.

“My cousin bought a camper, went camping once, and then decided camping wasn’t for them.

Rather than selling it they decided to just stop making the payments and “let the bank come and get it.”

Which, eventually, they did.”

21. Hmmmm…

“Don’t take a raise if it puts you into the next tax bracket.

And pay the minimum on your credit card to establish good credit.”

20. Ouch.

“”Don’t major in computer science. Computer scientists are a dime a dozen.”

I did not take that advice.”

19. Just run away!

“Guy I haven’t seen in three years or so wanted to talk me into starting a business with him, because he just got into college for a bachelors degree in business.

Yeah sure, let me get my check book out in this badly illuminated garage while we’re both dr**k. Guy also got into MLM and weird self-optimisation preachers.”

18. Okay!

“Get a bigger mortgage, you can deduct more from your taxes!

Yeah dumba**, and I’ll be spending double that amount in interest so why should I?”

17. Ignore it.

“Just ignore the collection call and eventually they will leave you alone….

I didn’t follow this advice.

I had a parking ticket I didn’t know about that ended up on my credit and the guy I mentioned it to gave me that bit of wisdom.”

16. Not a great time to do that.

“First year outta college, working for a financial advisor, and he tried to convince me to put 5% down and buy an apartment in Chicago.

It was the summer of 2007.”

15. Did the right thing.

“”Don’t go to community college, you’ll never get a job. Instead apply at X and X colleges.”

My grandmother, aunt, uncle, and cousin all told me this, and I really considered their advice because my parents really didn’t give a s**t what I did.

Since I didn’t get any scholarships from high school, I decided at least if I went to CC and didn’t get a job I wouldn’t have student debt and I could just do something else.

I went to CC for two years totally free on FAFSA grants (it was 800$ a semester LOL) and did so well I transferred to a university with a (almost) full ride.

I am now a semester away from graduation with a job lined up and all of 4k of student debt which is likely to be forgiven anyway.”

14. Come on!

“Incite me to go to a real expensive restaurant where you can spend easily $250 without drinks at a time I only had $700 in bank account and had not paid for my car, groceries and stuff .

Because “Come on we only live once”.”

13. Time to take a trip.

“My ex (in his mid twenties and lived at home with no expenses) went out of the country for two weeks with a budget of $2700.

He was real proud of his breakdown: $1000 credit available on credit card A, $1000 credit available on credit card B, $300 in available overdraft, $100 in checking, $300 in savings.

I tried to explain that this is not a great way to budget for a trip, and his response was “credit cards are meant to be used. As long as you pay the minimum payment, you’re good. What do you know about credit cards? You never use it? Start using yours more before you talk to me about money”.”

12. Car talk.

“My aunt took me to a car dealership when I was looking to buy my own first car. I was looking at the clunkers I could afford, but she said I should be looking at the new cars.

She said, “the total price doesn’t matter because you make monthly payments.” I suddenly understood too well why she had always been so financially unstable.”

11. Not gonna happen!

“A relative tried to recruit me into Amway.

He wound up stuck with a garage full of their products.”

10. Nope!

“Yeah even if they’ve recently robbed you, you should still lend them the 500$ dollars they need to move to another city, they’re your family after all.

-Dad.

I don’t even know how mom married your dumb a**.”

9. You sure about that?

“My FIL when I mention our retirement plan “I never contribute to my retirement account. Money now is always better than money later”.

I needed to have a conversation with my husband how we would NOT be supporting his mom and dad and their insane spending when they have no retirement plan and make huge financial mistakes on a weekly basis (good news is they both make good money).”

8. Son, let’s have a talk.

“I got 90 dollars and my 11 year old son told me I should buy 90 dollars worth of kazoos.

No real plan past that…”

7. Rent to own.

“”Just get it at Rent-A-Center.”

I had a coworker that got pretty much everything there.

“It’s only $20/week, and they’ll replace it if it breaks.”

$20/week for how long? Oh cool, so you’re paying more than double for it? Got it.”

6. Burning a hole in your pocket.

““Spend it quickly or it’ll get stolen.”

Coming from someone with a history of losing and blowing their money.”

5. Not a joke.

“That an emergency fund wasn’t necessary when you can always get a payday loan or use your credit card.

He wasn’t joking.”

4. Really bad advice.

“One of my uncles once told me that I never really had to pay my phone bill.

He suggested that I simply jump to another carrier and let the first company cut you off.

His life has turned out exactly as you’d imagine.”

3. Oh, boy…

“”Once you cut up the credit card, you don’t have to pay it.”

My cousin is not doing so hot.

I’m pretty sure there are warrants out for his arrest in several states.”

2. I’m just vibing over here.

“”Just get another credit card”.

From my friend who hasn’t worked in 3 years and is currently just vibing with his new credit cards he somehow got approved for.”

1. Don’t listen to them.

“So when I was 24, I was financially struggling. I had a job that worked me a LOT of hours, but only paid me $10 an hour.

My parents talked me into buying a BRAND NEW 2004 4-Door Honda Civic, the pre-interest price tag on it was about $25,000. A few weeks after getting it, my hours got regulated and it took one entire paycheck to make the monthly note on it – I could NOT afford the insurance on it.

I very quickly realized my parents were bad at money.”

Now it’s your turn!

In the comments, please tell us about the worst financial advice you’ve ever received.

We look forward to hearing from you!

The post 37 Times People Were Given Horrible Financial Advice appeared first on UberFacts.

July 20, 2021

These Things Are Only for Wealthy Pets, Apparently

I’ve never met a dog who seemed particularly picky. Not even about food.

In fact, I don’t think I’ve ever met a dog who was not full-on, b**ls to the walls THRILLED to be eating the exact same bowl of dry food he’d been getting every single day for his entire existence.

They’re really not that difficult to please, is the point. So one might well wonder why a company like Home Concept, which is based in Russia, might offer an entire array of pet beds that are way, way too expensive.

What animal is impressed by these? How is this a thing? Look at these prices (converted to USD.)

(Also I made up all the names because I don’t speak Russian, and I named all the pet models because I like fun.)