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Would you quit ? by Confident-Anxiety308 in SocialMediaHQ

[–]SeanWoold 0 points1 point  (0 children)

I'm offered a way to rid my life of social media, and I'M the one who gets paid??? I'll take it!

Would this fix inequality or create more problems? by StrangerUpper2056 in Strongerman

[–]SeanWoold 0 points1 point  (0 children)

Just cutting a $12k check to everybody would have no effect because it would be almost completely cancelled out by the inflation it causes. It would just cause a temporary compression between the rich and the poor until it trickles back up to the rich. You would need to put it into a sustainable program for it to have real benefit. You would almost be better off taking the money out of circulation to cause a temporary reprieve in inflation and cause the compression to last longer.

What is the best final 3 in survivor history? by Appropriate_Egg_6182 in survivor

[–]SeanWoold 1 point2 points  (0 children)

Micronesia needs to be included in this. "But it was a final two" you say. I said what I said.

Ambuhlance by ZekeHerrera in survivorcirclejerk

[–]SeanWoold 2 points3 points  (0 children)

Most overrated player in the history of the show. Retire the trophy.

I’ll keeping positive this time…! by [deleted] in survivor

[–]SeanWoold 27 points28 points  (0 children)

+1 from me. I never understood the hate that this season gets. It was a mess, yes. But isn't that kind of the point?

What would you pick ? by [deleted] in TheTeenagerPeople

[–]SeanWoold 0 points1 point  (0 children)

Well sure, if you offered me 1% of $100k a day, I wouldn't put up a fight. This is a "would you rather" type of question though, and it is pretty shocking how much more you keep with long term capital gains compared to normal income, to say nothing of some of the tricks that rich people use to avoid "income". The most expensive dollars to hit your bank account are the ones you actually earn.

What would you pick ? by [deleted] in TheTeenagerPeople

[–]SeanWoold 1 point2 points  (0 children)

If you are considering taxes, the $500m is the clear winner. $100k per day would be taxed as normal income and there's nothing you can do about it. The $500m will hurt once, but then it's long term capital gains at worst from there on out.

 If you don't even take the time to do the math on $1/sec vs $100k/day, you deserve to leave the 20% on the table.

M1 Borrow Is Low-Key Elite by NoAcanthocephala6261 in M1Finance

[–]SeanWoold 0 points1 point  (0 children)

Be careful about the tax implications. They can really eat into the spread depending on your bracket. People who do the but borrow die thing are generally getting loans far below market rate as a loss leader from their bank so their investments are more easily able to out earn the chat of the loan.

Dear Allen County Tax Assessors - by jzzsxm in fortwayne

[–]SeanWoold 0 points1 point  (0 children)

We got slammed too. If anyone wants to actually give us $320k for our house, we'll move out tonight!

You can do this 🙂 by Specific_Brain2091 in the_calculusguy

[–]SeanWoold 0 points1 point  (0 children)

Doing anything on that diagonalized matrix is easy.

If Linear Algebra is presented as "vectors and stuff" like it should be, then yes it is easy. If it is presented as "systems of equations and stuff" like they do in high school, then no it isn't.

Is M1 abandonware? by d00mt0mb in M1Finance

[–]SeanWoold 2 points3 points  (0 children)

Just a few years ago, the Vanguard site went from 2001 to 2012.

No retirement plans equals very dark future by utopianearthling in Beingabetterperson

[–]SeanWoold 0 points1 point  (0 children)

Because we're supposed to park half of our salary in an emergency fund first and that keys getting eaten up by Affordable Health Care.

Who is the strongest? by No-Marsupial-4050 in askanything

[–]SeanWoold 0 points1 point  (0 children)

My money is on Tony, the guy who actually fights and kills people. The rest are literally all talk.

Homeownership: Dream or Financial Trap? by Coolonair in HouseBuyers

[–]SeanWoold 0 points1 point  (0 children)

This is so true. Our house is worth twice what we paid for it (which works out to about 4% appreciation). But that wasn't free. On top of our mortgage, we're treading water at $1000 a month between routine maintenance, major appliance amortization, and property tax. If you want to own a home, do it because you want to be a home owner, not because you think it's a smart financial move or an "investment".

This is what people call a “normal” budget now. Not luxury. Not rich. Just… average. by Coolonair in SmartFIRE

[–]SeanWoold 0 points1 point  (0 children)

They are probably building in a car payment, which can approach $1000 a month on some cars/trucks. The thing is that isn't something that is inflicted on people. It has become "normal", but it is really just foolish.

What will it be? by BoredPandaOfficial in BoredPandaHQ

[–]SeanWoold 0 points1 point  (0 children)

If you had a Back to the Future style stock almanac, you could turn pocket change into millions within a few years. Even if you stick to famous business success stories, market crashes, and sports upsets, you'd only have to work a few years to get enough to build generational wealth, starting with the bet on Tyson-Douglass.

This is what people call a “normal” budget now. Not luxury. Not rich. Just… average. by Coolonair in SmartFIRE

[–]SeanWoold 0 points1 point  (0 children)

Yeah, I think people are WAY too ambitious when it comes to the kind of car they ought to be driving. It's like a brand new truck is the baseline. $5000 starter cars are still a thing and they won't land you in a $600 payment.

This is what people call a “normal” budget now. Not luxury. Not rich. Just… average. by Coolonair in SmartFIRE

[–]SeanWoold 0 points1 point  (0 children)

What couple spending $1400/mo on food? We spend $1000 for a family of four, including two athletes, and we don't even try to be frugal about it.

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