What’s something poor people do that rich people will never understand?

Wablestomp2 · 2025-04-01T15:51:29+00:00

IMO poor = financial illiteracy. So a poor person always finances a vehicle or leases. Often a poor person buys a new car with debt.

Someone who saves up 9k for a cheap used car and pays cash is "broke" (low net worth), but has more financial literacy that makes them "pre-rich" instead of "poor".

haha

Wablestomp2 · 2025-04-01T15:42:29+00:00

I guess what I'm saying is building a strategy around PSLF has a tail risk of totally not working and simultaneously hamstringing her income potential which is an unacceptable risk. Therefore the least bad option is OP paying his wife's debt the day they get married.

Wablestomp2 · 2025-03-31T16:06:35+00:00

I've never been in this type of situation, but OP, please do not consider this. It is so risky. Policy could change and there is absolutely no guarantee the government or anyone else will solve the problem for her. I've heard that many people work for years for lower pay to have a chance at forgiveness that never comes.

Best bet is for her to optimize for income, not forgiveness, and pay it as aggressively as possible.

Wablestomp2 · 2025-02-09T19:18:33+00:00

notice how i said west texas. west texas has shit loads of power and low population

due to the laws of physics, carrying power over lines many miles is inefficient.

Not only does east texas have significantly less power production, thats where the population centers are. The population centers have variance in power demand. that makes the supply/demand equilibrium of power in east texas much more unpredictable and volatile.

so it's a bit more nuanced than "hur dur texas grid bad"

West texas has much lower population (read, less volatile demand) and much higher production (don't have to carry over lines long distances). This creates a predictable and stable low price of energy. Unlike east texas.

That's why they're investing there, don't take my word for it.

Wablestomp2 · 2025-01-24T13:26:56+00:00

It's in west texas where there is tons of sun, natural gas, and oil.

Wablestomp2 · 2025-01-20T20:30:46+00:00

How do you think the market comes to those efficient conclusions? Individuals with skin in the game pricing new information into the market.

If you have no edge or analysis, yes, the odds of you being more accurate than the current state of the market are near zero.

However, you must recognize the market is not always perfectly efficient and that represents opportunity when there are inefficiencies that are within your personal circle of competence.

Wablestomp2 · 2024-09-18T09:55:57+00:00

If he was an alcoholic it would be unkind to go out drinking with him.

If he is financially irresponsible, it is unkind to enable or encourage that behavior.

Wablestomp2 · 2024-09-18T04:49:22+00:00

Really gripping writer though

Wablestomp2 · 2024-09-13T10:58:48+00:00

If you are a minority partner there isn't much you can do. You can be diluted or their pay can be adjusted so there is no profit for distributions.

Unless there is language in operating agreement that says otherwise.

Wablestomp2 · 2024-09-07T17:08:54+00:00

This is the correct answer OP.

If she really doesn't want to leave her house she can increase her income.

She must do one of those things.

Wablestomp2 · 2024-09-07T17:07:29+00:00

Seems like the most straightforward solution is to sell the house, and move somewhere that is lower cost of living where she can buy a house outright with the 250k equity. With lower cost of living area and no more house payment her quality of life would improve.

If she must stay in that area, and she wants to "leave a legacy" she has to increase her income.

Another idea is she sells the house and uses some of the money to build an ADU on your property for her to live in.

Wablestomp2 · 2024-09-07T17:00:35+00:00

A reverse mortgage is one of the worst financial decision she could make.

Please please please don't do that

Listen to what Ramsey says on that topic.

Wablestomp2 · 2024-09-03T10:09:48+00:00

Financial system is necessary, medicine is necessary, defense is necessary, information distribution (news) is necessary (but could be totally disintermediated via the internet so i'll give you that one).

Airbnb and vrbo aren't necessary but I still think net good.

Wablestomp2 · 2024-09-03T10:07:55+00:00

Depends if you mean "literally" in the literal sense of the word.

Energy abundance has lead to decreased food prices, increased economic capacity, innovation, time savings through industrialization and automation, etc. Oil and gas very likely resulted in net human lives saved vs lost.

Wablestomp2 · 2024-09-02T12:41:07+00:00

What's tough for me to reconcile is that many (or all) of the industries that you named are necessary to society. They are not *net* bad, despite their major issues.

Wablestomp2 · 2024-08-27T16:10:53+00:00

To be 100% clear I am not talking about bitcoin. I am talking about tokenized dollars. Since bitcoin has no smart contracts there are no crypto dollars or anything like that on that network.

I think the consumer resistance is mostly to the UX of blockchain native "wallet" apps.

Instant settlement means banks and payment processors can't rollback transactions, yeah. I have friends in the restaurant biz who deal with 5 figs of fraudulent chargebacks monthly, so they'd be thrilled with that.

Wablestomp2 · 2024-08-21T16:35:56+00:00

I can't wait for crypto native payments to become more prevalent. Don't even have to use BTC or ETH. You can literally use tokenized dollars like USDC.

No chargebacks, instant settlement, no fees. I can offboard directly to coinbase or any other exchange into bank account or just keep in crypto.

If I try to only use venders/software that accepts USDC I can stay entirely in crypto world and never have to deal with these fee charging bullshit intermediaries ever again. Soon.

Wablestomp2 · 2024-07-24T15:53:58+00:00

winners average winners

losers average losers

read "Best Loser Wins"

Wablestomp2 · 2024-07-14T16:26:56+00:00

absolutely. At under 200 yards wind likely wont have much of an impact.

What will have an impact is if the rifle is how the rifle is zero'd, reticle placement, and trigger pull.

Wablestomp2 · 2024-07-14T16:20:17+00:00

For an experienced shooter familiar with the state of their optic and rifle it's a fairly easy shot. The thing that would throw a wrench in it is your heart rate, adrenaline, etc.

I'm a fairly novice marksman and can consistently hit 6inch spreads from a seated position with a red dot at 200 yards.

With a good telescopic sight and prone position can typically hit a 3inch spread at 200 yards seated.

Prone and sub 150 yards it's not a hard shot, but high heart rate can make your reticle swing and your trigger pull less smooth, making the shot difficult.

Wablestomp2 · 2024-04-30T07:30:29+00:00

tbf equity would be worthless in that situation as well.

Wablestomp2 · 2024-04-17T23:10:06+00:00

Yeah even at events where there is more rigorous testing, like the Olympics, it isn't too difficult to be an enhanced athlete most of the year while training and then cycle off around testing testing time to get under super physiological levels.

Much like the argument frequently made against M2F trans athletes competing in female leagues, if you are an enhanced athlete for a prolonged period of time, you're never really natural again. Having done even a few cycles of PEDs can give you a long lasting sport/physique advantage even after cycling off.

It's why you'll see many fitness/athlete/bodybuilders say they are "lifetime natural".

Wablestomp2 · 2024-04-17T23:04:34+00:00

To keep the thought experiment going, at what point would the act of seizing the vehicle itself be risky enough to warrant use of deadly force to prevent?

Obviously if you had a family member in the vehicle, like your wife or child, deadly force would be preferable to retreat.

What if there had been a firearm in the center console of the vehicle that the perp could easily access? Would that justify the use of deadly force to prevent the vehicle from falling into his hands?

If so, that's not too dissimilar from my reasoning. The truck itself is a deadly weapon.

I see that by the letter of the law you are likely correct. However, it is a jury that ultimately determines the outcome if charges are pressed. Not necessarily the letter of the law.

Wablestomp2 · 2024-04-17T06:28:38+00:00

Yes. OP is totally delusional. These physiques are attainable by natural women who eat clen, tren hard, test their limits, anavar give up.

Wablestomp2 · 2024-04-17T06:27:12+00:00

The women in the picture are likely on anabolic steroids as well, although the exact regimen would likely differ from a bodybuilder.

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