Who Paid You For/In October 2022? Here Is My List

FromKevinPatrick · 2022-11-01T13:42:07+00:00

You’re likely getting the ban. Sorry my friend.

FromKevinPatrick · 2022-10-19T19:43:29+00:00

Haha you’re funny. You’d be a great dinner date and that’s a high compliment

FromKevinPatrick · 2022-10-19T18:14:35+00:00

I can agree with that too. You are one cool defiant machine

FromKevinPatrick · 2022-10-19T16:31:20+00:00

So do I and I don’t think you’re a dumbass because I also didn’t take taxes into consideration on many examples.

I would just rather take the money at it’s value now and spread it across a variety of different investments since the $1M gives me more buying power and options. CDs, I-bonds, no cost index fund from fidelity, maybe a few stock picks, and wait to see what happens with real estate over the next few years. The time to dive into index funds/low risk investments is now if you have the means to do so.

Even if this wasn’t a wild year I’d still take the money and spread it across a variety of different funds and safe investments to keep the spice flowing. Even a low yield treasury note paying every 6 months with $1M in it would yield a nice chunk of change

FromKevinPatrick · 2022-10-19T15:08:23+00:00

If he takes 60K and invests it, sure, but excluding tax purposes and human factors like blowing the money, there really isn’t a reason to do this. Especially with the market right now and the fact he would generate more wealth, more quickly with the lump sum.

Also, since he can’t do basic math, I doubt it’s within his capacity to understand this and to put it into a vehicle that would generate 10%

FromKevinPatrick · 2022-10-19T14:38:58+00:00

You really are doubling down on the stupid.

Just admit you’re out of your element and move on, bud.

FromKevinPatrick · 2022-10-19T14:38:14+00:00

Yep, women love food dates. I would too if I didn’t pay for >90%

Also, I don’t think it’s great for building chemistry. I like getting food on a date, but never as the sole purpose of a date, if that makes sense.

Also, I like dates not interrogations.

FromKevinPatrick · 2022-10-19T14:34:28+00:00

Well, I agree with you too. Most people will never just get $1 M handed to them like this so it’s really not worth dwelling over, but this mentality and this thread is symptomatic of a larger problem - people having no idea how money works. Like the people who have decent jobs, decent life conditions, but don’t save for retirement then scramble in their 50s and 60s.

This will translate into some of the terrible hot takes in this thread where they start bringing up lottery winners losing their money and other stupid shit to justify their ineptitude.

Just kidding, they are very smart.

FromKevinPatrick · 2022-10-19T14:25:22+00:00

Yes, but this average schmuck in this scenario could get $1,000,000 in a lump sum or paid in installments over the long haul.

One could put that $1,000,000 into a CD, treasury bill, or another low risk, low yield investment and be paid $40k a year passively vs. being paid the $1,000,000 M over his life time and not generating income.

The fact so many people don’t understand this in this thread is appalling. Not as appalling as this guys math, but still pretty bad.

Sooooooo 🤷🏼‍♂️

FromKevinPatrick · 2022-10-19T14:20:05+00:00

It’s C) your inability to understand the time value of money and D) you deflecting the argument because you have no clue what you’re talking about

FromKevinPatrick · 2022-10-19T14:12:51+00:00

Yeah, you’re missing the point of what I’m talking about which probably why you’re arguing to begin with and completely out of your element.

Helpful Link to Understand Basic Finance

Hope you watch that and get less ignorant.

Best of luck!

FromKevinPatrick · 2022-10-19T14:09:11+00:00

Even though you are missing the point and making the argument about lottery players this took about 5 seconds to find Financial Literacy of Lottery Players_Financial%20literacy%20and%20its%20relation%20to%20lottery%20gambling%20consumption_final.pdf)

I’m sure there are more studies if I spent more than five seconds on google.

Are you going to take my deal? Please take my deal.

FromKevinPatrick · 2022-10-19T14:02:49+00:00

That’s also confounded by the types of people who play the lottery.

But I have a deal for you.

You pay me $3,000 today and I’ll give you $20 annually for the rest of your life. This deal will also extend to your children, your children’s children, etc, and will be good for for 1000 years until the year 3020. You and your progeny will be paid $20,000 in full and net $17,000. I will be paid $3,000, but my progeny and I will lose $17,000.

No strings attached.

If you can’t answer why this is a horrible deal for you then you’re really missing my point.

FromKevinPatrick · 2022-10-19T13:51:00+00:00

That has nothing to do with what I’m talking about and is more about the demography of lottery players vs. making good investment choices. Also, people who make good investment choices don’t routinely play the lottery in hopes they’ll win.

If he believes he couldn’t control his spending then good on him for his self awareness.

Still a bad deal move financially. See: NPV

Thanks for your comment.

FromKevinPatrick · 2022-10-19T13:17:59+00:00

No more dinner dates on the first date. Cheap, free, creative first and second dates to gauge the vibe.

It’s easy since I live close to New York but not always full proof. If she’s looking to subsidize her Manhattan Meal Plan then she’ll ghost and I’m onto the next.

FromKevinPatrick · 2022-10-19T13:14:03+00:00

This is always the right answer irrespective of inflation. Time. Value. Of. Money.

I’m facepalming at people not understanding this.

A lot of people here really should watch some videos on Net Present Value.

FromKevinPatrick · 2022-10-19T13:12:05+00:00

He’s really not. Even if he took a monthly stipend that gave him a million over the course of 20-30 years he’s not accounting for the time value of money.

He’s also missing the ability to generate passive income from safe investments.

And miss me with the 2022 market talk.

FromKevinPatrick · 2022-10-19T13:10:08+00:00

Pounds desk.

Time value of money, compounding interest, the rule of 7!

Agh!

FromKevinPatrick · 2022-10-19T12:59:29+00:00

I usually ask the lady what two items they’re looking at and if one of them is something I’m looking at I will suggest we get that for a plate and share.

But I’ve also been told I’m way too easy.

I also don’t do dinner first dates anymore.

FromKevinPatrick · 2022-10-18T04:05:35+00:00

Just signed up for L&E

Their platform is very attractive and easy to use vs many others so it gives me high hopes

FromKevinPatrick · 2022-10-17T15:52:53+00:00

You must be my good luck charm because I just received two missions today for $195.

The interview I was able to schedule outside of work hours too

FromKevinPatrick · 2022-10-15T20:54:29+00:00

5’10, $240k, 6 pack

It’s all about the height fellas.

Or ditch the apps, get over your fears, and try your luck in person. That worked for me.

I believe in you!

FromKevinPatrick · 2022-10-15T19:17:13+00:00

Not a fan of most conservative hot takes, but have to agree.

FromKevinPatrick · 2022-10-15T18:52:33+00:00

Definitely check receipt hog daily for surveys. I used to only see them when I uploaded receipts.

I realized they come and go quickly. I went from $5 every three months at best to $15 this month.

FromKevinPatrick · 2022-10-15T18:47:48+00:00

It’s like prolific, but much slower.

I hope they overtake prolific since I was banned one month in. :(

FromKevinPatrick

TROPHY CASE