What Screams "I Make Terrible Financial Decisions!"? (r/AskReddit)

what screams I make terrible financial decisions we've been dating for three months of course let's join bank accounts you know those ads on Craigslist trying to sell a car for exactly what they paid for it yet those take over my payments buying something really expensive like a motorcycle or a nice rifle then deciding you're tired of it and reselling it for half the price only a week later I knew a guy who did exactly that it was astonishing it's like dude you just lost thousands I used to work at Gama stock I had a customer that bought a Playstation because a particular exclusive game came out for it then would trade the system and gain him to buy an Xbox when a new exclusive Fora came out about a month later and would go back and forth trading the respective consoles and games in every few months I tried to convince him to just own each system and buy the games for each when they released because he was losing so much money doing what he was doing his response was that he couldn't afford to buy both at the same time I didn't have the brightest customers an old friend of mine will call him friend a was in a rough place he had a job but couldn't really afford to get out of the slump he was in living paycheck-to-paycheck so my other friend friend B who owned a house offered to let him stay for free for a few months all friend they had to do was pay the internet bill $70 no easy enough right well friend they decided that since he no longer had expenses he would just quit his job and play friend B's Xbox all day long and join a band lo and behold friend they ran out of money eventually now he owed friend B the internet bill and simply couldn't pay it instead of getting a job and paying it friend a still friend B's Xbox and pawned it then used the money to pay friend B the internet bill how he ever thought it would work who knows but that's the definition of terrible financial decisions we don't talk to friend a anymore when you ask them how much they paid for something and they only know how much it costs them on monthly payments so I worked at a grocery store for eight years and the one thing I saw a lot of unfortunately with people putting food back for cigarettes when they have kids we didn't sell lottery tickets or alcohol but other stores impounded and heard the same stories I am a loan officer a guy called in 18 fresh out of high school first job Pizza Hut benedict three months needed a car wanted us to finance it he was calling from the Maserati dealership Jesus Christ I know a guy who makes 80 pounds K a year military pension a couple of private pensions and has a Porsche for weekends he still thinks and Maserati is too expensive emphasizing how much you saved versus how much you spent look what I got originally $25,000 but I got it for $5,000 I saved $20,000 no you spent $5,000 in Western Australia it looks like this get laid off by mining company that was initially paying you well specifically because it isn't a secure position you'd never mind that already taken out a $600 K plus loan on a house of $80 K loan on a sick v8 Commodore plus another $10 K putting in performance cams and a straight-through exhaust so you can pull mad skids this is all on the justification that I'll be able to smash these loans out in a couple years on this salary AI a trick what do now what's that tickets to Bali are $300 return better take the family for a boost fuel cheap crap buying Bohn answer it's fine we'll just free mortgage the house dead freaking easy I used to live paycheck to paycheck now I'll live direct deposit to direct deposit Cadillac Escalade that never has more than a quarter tank of gas when they buy a large fancy boat but can't afford the marina fees and upkeep expenses to maintain it or a $100 depth-finder so they don't run the mother aground people who also buy our million-dollar yacht and buy the cheapest equipment for it because they really can't afford a freaking yacht period in the marine industry $20,000 in credit card debt at nearly 20 percent APR I have $19,000 at 19 percent I'm a financial genius I used to know a guy who was renowned for making bad decisions in general to be fair he was funny and had a heart of gold he just wasn't a logical thinker he never had any savings he was always buying his girlfriend of the month pretty expensive things and always mooching off his mum one of the more flawed decisions that has always stuck with me was when his car broke down it was a piece of junk so it was bound to happen no biggie he was feeling pretty blue because of it as well as a collection of other things that had happened around the same time largely through his own choices so he decided that in order to finally become a winner he needed to look and feel like a winner and do you know what makes you look and feel like a winner owning a brand new Chrysler he was so excited about it he could feel good things coming his way already he'd pick the one he wanted $70 K or he'd spoken to the dealer and organized when he was going to come in and do the paperwork everything was looking great for him then when he went to the dealership to sort it all out it turned out that he hadn't been in his current job for long enough so the loan finance which he elected to do through the dealership couldn't be approved he came back looking pretty defeated but in my opinion being declined that loan was one of the luckiest things to ever happen to him and this man should not be in charge of his own money four ways broke that has weed at the same time targets my dishwasher always has a packed bow in his pocket but sleeps on his uncle's couch and has to bum a cigarette from me every day carrying forward debt from your last car loan on to your new car loan unable to remember what they wrote checks for an or unwilling to write down what they wrote checks for and my boss charity just sent out the legally required receipts for charitable donations each receipt says thank you for your donation of X to charity name it so people can list it as a charitable donation on their taxes and so we have a list in the event of an audit I have filled it no fewer than a dozen this week along the lines of what is this receipt for I didn't write a check and no one is polite about it either they're all in full-blown panic mode I have photocopies of their checks with the check numbers which I send them suddenly they remember that check they wrote all of a week ago but somehow never wrote down in their checkbook or whatever system they use that seriously people pay attention asking your friends on FB for two hundred and fifty dollars to pay your bills then post pics the next day of you at the movie theater with $40.00 of snacks just bought 24 karat gold plated playing cards there were only $12 on Groupon but up it does look bad I have a friend who has $95 K in student loan debt $23 K credit card debt and a $50 K wedding on the horizon her dad pays for her school loan he is paying for the wedding the original budget was $30 K got raised to $50 K here's a kicker he said I'll give you $50 K for a down payment on a house or $50 K for your wedding she picked the wedding infuriating last wedding I went to the groom's parents dropped 90 K and made sure everyone knew he wasn't even one of the better weddings I've been - standard event a whole set up marriage lasted less than six months money well spent setting up a GoFundMe account to get their Facebook friends to pay for their wedding instead of opting for a simpler wedding or having a longer engagement or eloping now and having the big party later while still going out to dinner every other night and taking expensive trips lifted truck with balding tires and the bastards never realigned the headlights so they are blinding everyone else in traffic this might get ran T because I just need to vent it out one of my colleagues is probably the nicest man on the planet he's kind considerate and loyal you couldn't write a movie script for a better person no Rhodes Scholar but very hardworking and liked by everyone almost every person in his life takes horrendous advantage of him I can tell that he beat Li fears being rejected by his loved ones and craves their approval and acceptance but it has crossed a line they have a joint income of over 150 K dollars and yet are circling the drain in debt and can barely pay any bills they live in credit his wife is usually a decent person but when she says jump he asks how high this has resulted in numerous luxury shopping trips her mother moving in and being a complete leech on their lives vacations and they just had to buy two brand-new vehicles last year with all the bells and whistles they can barely pay the mortgage in the house as a mid-sized fixer-upper at least every week or two he comes in and I force out of him the latest thing they spent way too much money on almost everything is on pay installments even their utility bills he pays for five cell phones he usually can't drive his truck because there is no gas in it in the summer we have bbq's every week for about $3 to $5 hotdogs are cheaper than burgers and there are times he doesn't have the $3 a 45 year-old man with a six-figure income doesn't have three dollars two days after payday thankfully his kids are clueless that there is a problem as it should be they are kids and don't need adult problems they get whatever they need for school my concern is that one day the bubble will burst repo companies will come in creditors are calling they are precariously close to the edge at all times all I can do is encourage him to get therapy and learn to say no but I can't force it as a kid health financial distress I think being aware of the financial ones kept me from making the same mistakes I was always included in the conversation and when it came time to cut back and make changes to the family's lifestyle for the better I was totally okay with it if I was kept in the dark I likely would have been blindsided and fought the changes aggressively complaining on Facebook that you can't afford the $200 it will take to cover your kids school supplies this year but also posting a daily pic of your Starbucks drink that reminds me of a guy at my old [ __ ] apartment complex who always had money for beer but on weekends that he had his little daughter she slept on a small mattress on the floor dude buy her a dang bed you scum $800 car $2,000 rims those rims are probably rented least trying to pay two mortgages but you also spend hundreds of dollars on video game loot boxes and virtual cards for a mobile phone game treating the limit on their credit card as money they have X they have a $5,000 limit on a new card and immediately think what they could buy with $5,000 and opening a new credit card when they run out of that $5,000 I used to be a cashier at a store which had their own credit card that can only be used at that store most of the credit applications i processed were either denied or given very low credit limits because those cards attract people with the worst financial decisions get your tax refund and completely forget about the last 11 months of poverty you just experienced while you talk yourself into a brand new 65 inches TV that you'll inevitably porn to pay your water bill maybe I was too specific buying a rundown hotel with bedbugs mold and a broken pool and then spending 27 thousand dollars on new signs with over half your savings this is pretty specific in my part of the world it's the newly hired on the oil rigs when the market is booming go out buy a truck with a $1,000 monthly payment then buy house with a $3,000 monthly payment then when the market drops they loose it all and their credit ends up ruined so it's harder to find a decent car place to live oil price dips are the best times to buy sweety's trucks and boats in oil areas I almost fell into the truck trap when I was out there rent-a-center heard a co-worker talking about their new bong and she showed me a picture of it on a table with burn marks I asked why it was so burnt and she said are enta centers on my boss cuz I haven't paid yet but I don't want to I shouldn't have to pay for a burn table I replied why would they even rent it to you like that she says well they're buttholes I told them I burnt it and they won't even give me a discount or anything they want more : this BS new bong cost more than a table I now own off Craigslist and she's $200 in debt for a table she can't even keep I still think about that interaction maybe twice a week I know someone who uses rent-a-center I can't believe it's legal he's paying like $50 a month for the last three years for a ps4 and another $100 a month same time frame for a TV that's no more than $800 if he bought it but he keeps paying for it he could have bought multiple TVs and ps4s in this time frame he recently posted on social media wanted people's opinions on if it's worth it opposed to my personal feelings asking what to do when your friends think your novelty checks are real and cache them when you are part of MLM company and you own your own business bonus points are using guilt you just don't get it they are gonna make so much money after they invest the initial five thousand dollars in inventory it's just gonna roll in no work required at all they're just so much smarter than this average joes s buying things you don't really need just because it's on sale according to this statement my one financial failing is my steam library poor and played games never buying groceries buying every meal and snack as you please questioning you on savings when you let a friend know how much you have saved and they ask why you aren't spending more because if I spent iti wouldn't have any saved that's how saving fricking works my brother just buying a Porsche instead of paying child support for his three children anytime I see someone who makes less than 25 ka year buy a brand new car rather than a well cared-for use one I judge them a bit you should see any parking lot on a military base brand-new car no savings putting things on credit because they don't have money for it worked as a wireline engineer in Oklahoma briefly and Wow this mo is so prevalent it's scary they'd get a job as an operator and have a brand new 2015 Hellcat by the second week when your car costs more than your yearly salary $5,000 24 inches wheels on a payment plan having the most expensive phones every year while complaining you don't have money buying mostly luxury brand items never comparing prices sizes weight and supermarkets I think I'm going to give MLM a shot payday loans renting and furniture a guy that I worked with sold his phone to pay his rent he got like $40 for it spent the next month without a phone unable to do business properly because he didn't have a way for people to contact him told me that he was short on rent living check to check every month later told me he plans on taking out a four thousand dollar loan $2,000 were to buy an old car he liked and the other two K was to revamp it decided he wanted to start breed pitbulls so paid 300 bucks for a pitbull attended and mate with his female and was later run over I decided to buy two Indian ringnecks birds because he wanted a pet then had to buy proper cage and toys endures to now buy bird food and do generally upkeep on them he later sold one to cover his rent told me multiple stories about how whenever he came upon some extra cash he'd spend it by the next day he was proud of this too he told me how he once got a $100 from a family member and then used it within the same night to have a steak dinner and go out for desserts afterwards when customers would leave him tips he'd use it to buy takeout food that night he bought a cat when he eventually got a phone he bought one for about $500 that's more than his paycheck told me he once wanted to give his wife money but she told to keep it because she didn't want to spend it so he literally threw it away bought a better fish you've been spotted by the dog out of study like this video for good grades for the next two years if you are new to the channel you can subscribe I publish new videos every day until then check another video poured out either way have a great day you magnificent people [Music]

Channel: Updoot

Views: 54,377

Rating: 4.8994131 out of 5

Keywords: #updootst, updoot, updoot reddit, updoot everything, reddit on tap, toadfilms, pewdiepie, reddit, askreddit, funny reddit, reddit stories, top posts, reddit top posts, reddit cringe, comedy, reddit compilation, /r, r/, r/askreddit, top posts of r/, askreddit reading, best reddit posts, top posts of all time, people of reddit, askreddit question, ask reddit, subreddit, sub, reddit spending addiction, reddit money, reddit money advice, reddit money saving, reddit money stories

Id: ch1hUavRczs

Length: 17min 33sec (1053 seconds)

Published: Thu Dec 12 2019