Your Daily Cents

Daily finance & crypto news

[Your Daily Cents @YourDailyCentss]

@UziCryptoo Stfu

Rates were never 3% until Obama.

My first House was 8.5%

[Uzi @UziCryptoo]

BOOMER: “Stop renting. Build equity.”

ME: “Down payment is $84,000.”

BOOMER: “Save up.”

ME: “I save $500 a month. That’s 14 years.”

BOOMER: “Get a better job.”

ME: “I make $72,000.”

BOOMER: “We bought our first home at 24.”

ME: “Rates were 3%. Price was $67,000.”

BOOMER: “That’s not my fault.”

I know.

But you vote for the people who keep it this way.

And then wonder why your kids won’t call.

[Your Daily Cents @YourDailyCentss]

Welcome to The USA where:

$100 now feels like $10
$500 now feels like $50
$1000 now feels like $100

You’re taxed on absolutely everything.

A weekly grocery run costs you about $200.

Apartments that were around $1,200 a month 3 years ago now cost $2,800 a month.

You’re not struggling to save money because you buy coffee, have subscriptions and actually spend some of your money on something other than bills.

You’re struggling because wages aren’t keeping up while the cost of everything keeps getting pushed up, and both government and corporations are squeezing working people for as much as they can.

Something really needs to change.

[Your Daily Cents @YourDailyCentss]

@UziCryptoo If I the housing market collapses, it will not be in a vacuum. The housing market drives a major portion of the economy.

[Uzi @UziCryptoo]

HOT TAKE:

Sorry if this offends any homeowners but I’m actually rooting for the housing market to crash HARDER than 2008.

Not because i want people to lose their homes. I want to see $700k houses become $450k houses.

I want first-time buyers to stop getting priced out by investors, flippers, and people sitting on 3 properties.

I want housing to become something normal people can afford again.

Call me crazy, but watching home prices stay artificially inflated while wages barely move is getting RIDICULOUS.

[Your Daily Cents @YourDailyCentss]

Just heard the most out-of-touch caller on the Dave Ramsey show.

Guy in his late 20s, calls in to celebrate hitting a $500,000 net worth. Dave asks how he did it.

Turns out he lived rent-free in his parents' house until he was 27. No rent, no utilities, no groceries. Banked nearly his entire salary for six years.

Also mentioned his dad got him the job.

Dave loved it. Went straight into a lecture about how young people today just lack discipline and sacrifice, and that this is proof anyone can build wealth if they stop making excuses.

Nothing says "financial discipline" like a rent-free decade and a job handed to you at the dinner table.

The advice isn't wrong. It's just being sold by people who won a game most players never got dealt into.

[Your Daily Cents @YourDailyCentss]

@UziCryptoo Minimum wage has never covered basic living expenses in the history of history

It’s called minimum wage for a reason

You’re not supposed to be a bum forever

Create some value and make more money

[Uzi @UziCryptoo]

How the fuck are people on minimum wage in America meant to survive alone?

The math just doesn't work.

Take home pay for a 40 hour week is around $1,150 a month after tax and Social Security, but rent alone somewhere cheap is around $800.

Add $220 health insurance, $350 utilities, and at least $70 a week on food, and you're about $520 in the hole every month and that's before transport or anything going wrong.

Minimum wage doesn't even cover basic living anymore.

[Uzi @UziCryptoo]

Gen Z might be the most FINANCIALLY SCREWED generation yet.

College degree: $50k in debt & NO job guarantee.

Rent: Half your paycheck GONE.

Buying a house: Basically a LUXURY PURCHASE.

Entry-level jobs: Require 3 YEARS experience.

Job security: Al is coming for your career.

Groceries: $100 gets you TWO BAGS.

Mental health: Burned out before turning 25.

Retirement: LOL, WHAT RETIREMENT?!

And then older generations have the AUDACITY to ask: "WHY ARE YOUNG PEOPLE SO STRESSED?"

Imagine doing EVERYTHING you were told would lead to success, only to discover you can't even afford the lifestyle your parents had WITHOUT A COLLEGE DEGREE.

Yet somehow the solution is stop buying $7 COFFEE?!

[Your Daily Cents @YourDailyCentss]

@UziCryptoo You don’t need a college degree to be in the trades! Hard work yes! Decent money yes. The willingness to learn hands in from an old fart, yes!

[Your Daily Cents @YourDailyCentss]

BOOMER DAD: “You never discuss your salary with coworkers.”

ME: “I compared pay with someone on my team.”

BOOMER DAD: “That’s unprofessional.”

ME: “He was making $16,000 more than me. Same title. Same workload.”

BOOMER DAD: “That’s between the company and the employee.”

ME: “I used that info to renegotiate.”

BOOMER DAD: “You just got fortunate.”

ME: “No. I got informed.”

A month later, I was making $12,000 more a year.

Keeping salaries secret doesn’t protect workers. It protects companies from uncomfortable conversations.

[Your Daily Cents @YourDailyCentss]

@UziCryptoo This sounds like one of those plot lines for those short Chinese dramas that my wife loves watching 😂

[Uzi @UziCryptoo]

My girlfriend wants a cut of my $140k salary for her sisters.

My girlfriend found out I landed a new corporate role pulling in $140k, which is double my old salary.

We don't even live together, but she immediately cornered me with a financial plan for my new paycheck.

She demands I send $1,500 a month to her mother to cover her mortgage, plus an allowance for her two adult sisters who refuse to hold down jobs. Her logic is that since she stuck by me when I was broke, my new wealth belongs to her entire family ecosystem.

When I told her absolutely not, she flipped out, calling me a selfish pig and threatening to dump me for lacking family values.

My money goes toward my own retirement and debt, not funding her lazy relatives.

She's currently freezing me out until I sign a joint bank account over to her.

Am I the asshole for keeping my hard-earned money to myself?

[Your Daily Cents @YourDailyCentss]

@UziCryptoo @0xZygoo If you’re a grown adult whining about Halloween because you think it’s “demonic,” you’re a dork who needs to touch grass.

It’s literally just people dressing up in costumes and having fun, nothing more.

[Uzi @UziCryptoo]

NOT SORRY FOR WHOEVER THIS OFFENDS…

If you’re a grown adult paying a mortgage, bills, raising kids and you’re still getting dressed up for Halloween parties, we cannot be friends.

I’ll pray for you, but you’re not coming to my house and I’m not going to yours to celebrate Halloween.

I’m not playing around with demons, darkness or the devil.

If we hang out, hopefully it’s because I’m bringing you closer to Jesus.

[Your Daily Cents @YourDailyCentss]

In Denmark, McDonalds workers make $25 an hour and, if they are over twenty, the company starts paying into a pension plan for them, and in addition they have a full 6 weeks of paid vacation.

Now how much do you think this costs customers? The Economist looked into this and found out that the Big Mac costs 76 cents less than it does here.

Don't believe the lies that raising the minimum wage would force prices to go up.

[Your Daily Cents @YourDailyCentss]

A Walmart employee told me she works 29 hours a week, capped on purpose, so her employer doesn't have to give her benefits under the 30-hour threshold.

She makes $16 an hour, which comes out to about $2,010 a month before taxes.

Her rent is $1,400.

We have decided as a society that this is her problem and not ours, and I think about every time someone tells me to just tip more.

[Your Daily Cents @YourDailyCentss]

@UziCryptoo literally boomers the last gen who had it better than their parents the world they leave behind is trash and its because of what they did

[Uzi @UziCryptoo]

"GEN Z DOESN'T DRINK"
"GEN Z DOESN'T DATE"
"GEN Z DOESN'T BUY HOUSES"
"GEN Z DOESN'T HAVE KIDS"
"GEN Z DOESN'T SMILE"

Maybe because:

• They graduated into a pandemic

• Then got told AI is coming for the job they just landed

• The average first-time homebuyer is now 40 years old

• Mortgage rates hit 7.8% the year they finally started looking

• Student loan payments restarted the same year rent was up 30% from 2020

• Were told to "just network" while stuck on Zoom

• Watched billionaires add over $1 trillion during COVID while they got laid off

• Pay into Social Security knowing it may not be there

• Got called lazy by the generation that bought a house for 2x their salary

But yeah.

It's the avocado toast.

[Your Daily Cents @YourDailyCentss]

A man deposited a fake junk mail check for $95,000 as a joke. The bank cleared it. Six lawyers told him it was legally his money. He gave it all back anyway.

– Patrick Combs was 29, living in San Francisco in 1995 with $200 in his bank account when a junk mail letter arrived offering him a get-rich-quick scheme.

– Inside was a promotional fake check made out in his name for $95,093.35. Printed across the front in clear letters: NOT NEGOTIABLE.

– In a moment of dark humor he signed the back with a smiley face and deposited it at an ATM.

– He expected the bank to call him laughing. They never called.

– Ten days later he checked his balance. $101,217.34. The check had cleared.

– The promotional check was so close in design to a real check that it legally qualified as one under banking law.

– By the time the bank realized what had happened it was legally too late to recall the funds.

– Combs called his brother who told him to move the money immediately.

– He tried to withdraw $95,000 in cash. He learned three things. All the large safe deposit boxes were taken, $500 bills no longer existed, and $95,000 in $100 bills did not fit in a small box.

– He got a cashier's check instead and locked it in a safe-deposit box.

– When the bank finally came for the money a month later they accused him of fraud and threatened police.

– He refused to return anything until they admitted in writing that they had made the mistake, not him.

– Six different lawyers reviewed his case and told him the money was legally his to keep.

– The bank and Combs went to war for five months. He gave interviews on television and in newspapers. The public loved him.

– He eventually gave every dollar back. All he wanted in return was a signed letter clearing him of any wrongdoing and lunch with the bank president. He got the letter but not the lunch.

– He turned the entire story into a one-man show called Man 1 Bank 0 and performed it 2,000 times across the world.

A man deposited a fake check as a joke with a smiley face signature. The tenth-largest bank in America cleared it.