bashT

Chronic thinker.

[bashT @bashtee_1]

Ft: @DaveRamsey

[bashT @bashtee_1]

Boomer Couple Owes $780,403 in Debt With Almost Nothing Saved for Retirement

Caller: My husband and I are $780,403 in debt.

George Kamel: Woah.

Caller: It is going to take us more than 15 years to pay it off. Um, at that time, we will be 64 and 65, and have almost nothing saved for retirement.

Jade Warshaw: Stop right there. Stop. Take a breath, take a breath, take a breath. Stop right there. There's nothing that says that that has to be 100% true. And I don't even want you to say that that's going to be the reality, because between now and age 64, a good jillion things can change.

George Kamel: I hear a woman who's very, very scared, and you're right to be. But fear shuts off the future sometimes, and I'm glad you called, okay?
George Kamel: What's this debt?

Caller: Um, a lot of credit card debt. So $172,844 is from a credit card consolidation. We have another $40,795 in open credit card debt. We have two car loans, each of them are $42,000. We owe taxes of $18,463, state taxes of $1,298, county taxes of $8,453.

Jade Warshaw: Tell me, go back to the last I got 1846, 1298, what was the other tax bill?

Caller: $8,453.

Jade Warshaw: $8453, okay. Keep going.

Caller: A home equity line of credit for $81,655.

Jade Warshaw: Okay.

Caller: Student loans of $272,724. Personal loan of um, a little over $14,000 and a corporate loan of $83,460.

George Kamel: Is that an SBA? This sounds like a business mess.

Caller: An SBA, yes.

George Kamel: Tell me the SBA one one more time.

Caller: $83,460.

Jade Warshaw: Okay. What was the business that failed?

Caller: So I had a like a side wellness business, um, that um, who was making like $36,000 a year, and just at COVID we couldn't do any services or anything, and it just went under. And I had a couple employees and I just kept thinking money into it, trying to keep it alive, and used a lot of credit cards for it as well, and it's closed now.

Do you think George Kamel and Jade Warshaw handled this case well in Dave Ramsey’s absence, or would Dave have approached the $780,403 debt situation differently?

[bashT @bashtee_1]

Some boomers really need to learn to mind their own business.

I was at the doctor’s office with my 8-month-old for his vaccination. He was getting overstimulated and fussy, so I gave him his pacifier and gently blew on his face to calm him down. It usually works.

Then a boomer walked over and told me, “He wants to talk and explore. You’re irritating him!”

Excuse me? I’m his mother. I carried him for nine months and have spent every day with him since he was born. I think I know when my own baby needs rest.

I stayed polite, rolled my eyes, and told him my baby just needed to settle down.

Two minutes later, my little one was calm again. Exactly as I’d expected.

Why do some boomers think they know someone else’s child better than the child’s own mother?

[bashT @bashtee_1]

Some boomers really need to learn to mind their own business.

I was at the doctor’s office with my 8-month-old for his vaccination. He was getting overstimulated and fussy, so I gave him his pacifier and gently blew on his face to calm him down. It usually works.

Then a boomer walked over and told me, “He wants to talk and explore. You’re irritating him!”

Excuse me? I’m his mother. I carried him for nine months and have spent every day with him since he was born. I think I know when my own baby needs rest.

I stayed polite, rolled my eyes, and told him my baby just needed to settle down.

Two minutes later, my little one was calm again. Exactly as I’d expected.

Why do some boomers think they know someone else’s child better than the child’s own mother?

[bashT @bashtee_1]

@Scar_gin Why don’t your research? You fool!

[bashT @bashtee_1]

TEXANS ARE ADDING SOLAR PANELS AND BATTERY STORAGE TO THE GRID, BUT THEIR ELECTRICITY BILLS KEEP GOING UP.

Residential rates are reportedly more than 15% higher than they were three years ago.

People are dealing with brutal summer heat, running their AC, and opening electricity bills that make them want to turn everything off.

Meanwhile, the companies operating the grid have their own costs, charges, and profit incentives.

The Texans shouldn’t have to choose between staying cool and keeping their bills affordable.

WHAT’S THE POINT OF EXPANDING ENERGY SUPPLY IF ORDINARY PEOPLE NEVER FEEL THE SAVINGS IN THEIR ELECTRICITY BILLS?

[bashT @bashtee_1]

TEXANS ARE ADDING SOLAR PANELS AND BATTERY STORAGE TO THE GRID, BUT THEIR ELECTRICITY BILLS KEEP GOING UP.

Residential rates are reportedly more than 15% higher than they were three years ago.

People are dealing with brutal summer heat, running their AC, and opening electricity bills that make them want to turn everything off.

Meanwhile, the companies operating the grid have their own costs, charges, and profit incentives.

The Texans shouldn’t have to choose between staying cool and keeping their bills affordable.

WHAT’S THE POINT OF EXPANDING ENERGY SUPPLY IF ORDINARY PEOPLE NEVER FEEL THE SAVINGS IN THEIR ELECTRICITY BILLS?

[bashT @bashtee_1]

Airbnb hosts really expect guests to pay a cleaning fee AND do the cleaning themselves before checkout?

You charge $150 for cleaning, then leave a list of chores: strip the beds, start the laundry, empty the dishwasher, take out the garbage, and sweep the floors.

All before checkout, like I’m an unpaid member of your housekeeping staff.

If I’m paying a cleaning fee, why am I being assigned a cleaning shift before I leave?

[bashT @bashtee_1]

A bank won’t approve a $900,000 mortgage if you earn $95,000 a year.

A lender won’t hand you $65,000 for a car if you earn $32,000.

But a teenager can leave high school and take on $180,000 in student loans for a degree that leads to a $45,000-a-year job.

No meaningful assessment of whether the future salary can support the debt. No guarantee the degree will pay off.

Just sign the papers.

At 18, you’re considered too young to make certain financial decisions, yet you can commit to debt that follows you for decades.

Then boomer wonder why young adults struggle to buy homes, save money, or build wealth.

The Genz is left holding the bill long after the graduation photos are posted.

[bashT @bashtee_1]

Airbnb hosts really expect guests to pay a cleaning fee AND do the cleaning themselves before checkout?

You charge $150 for cleaning, then leave a list of chores: strip the beds, start the laundry, empty the dishwasher, take out the garbage, and sweep the floors.

All before checkout, like I’m an unpaid member of your housekeeping staff.

If I’m paying a cleaning fee, why am I being assigned a cleaning shift before I leave?

[bashT @bashtee_1]

A bank won’t approve a $900,000 mortgage if you earn $95,000 a year.

A lender won’t hand you $65,000 for a car if you earn $32,000.

But a teenager can leave high school and take on $180,000 in student loans for a degree that leads to a $45,000-a-year job.

No meaningful assessment of whether the future salary can support the debt. No guarantee the degree will pay off.

Just sign the papers.

At 18, you’re considered too young to make certain financial decisions, yet you can commit to debt that follows you for decades.

Then boomer wonder why young adults struggle to buy homes, save money, or build wealth.

The Genz is left holding the bill long after the graduation photos are posted.

[bashT @bashtee_1]

Ft: @DaveRamsey

[bashT @bashtee_1]

A Man Kept His $22 Million Lottery Win a Secret for Two Years, Yet Still Called Dave Ramsey for Advice. I Still Don’t Understand Why.

Caller: About two years ago, I won one of those multi-state lottery drawings with a group of coworkers. Apart from my wife and one sibling, no one knows. After taxes, it was about $22 million.

Dave Ramsey: Holy crap! How old are you?
Caller: I'm edging up on about 50 years old.
Dave: You haven't told anyone. I've got some guesses, but why?

Caller:My wife and I made a conscious decision to keep it under wraps. We haven't even told our two teenage children because we don't want them growing up waiting for us to die so they can get our money.

Dave: That's fantastic, man. I love it.

Caller: We haven't told our parents either. About a month after we won, my wife's great-uncle passed away. He had no children and had never been married, and he left most of his inheritance to my wife and her siblings.
We've used that as our cover story when we help people. I bought my mom a roof, and when she asked how I could afford it, I told her it was Uncle Bob's money.

Dave: That's great. Have you got a decent car?

Caller: You're going to love me, Dave. My house was paid off before I won. My wife and I had just paid cash for two Toyotas, and we're still driving them. We have no desire to upgrade because they're perfectly fine cars.

Dave: Are you still working?
Caller: I am still working.
Dave: Is that ridiculous?
Caller: No, I actually like my job.
Dave: Good for you. I think you should keep working.

What if the people he’s keeping this secret from watch Dave Ramsey’s show? Couldn’t they connect the dots and figure out it was him?

[bashT @bashtee_1]

Uber owns no cars.
Airbnb owns no houses.
Spotify owns no music.
Netflix owns no movie theaters.
Amazon owns no factories for most of what it sells.

Facebook creates no news.
YouTube creates no videos.
Alibaba manufactures very little of what it sells.

Own the platform. Control the distribution. Capture the value.

LET THAT SINK IN.

[bashT @bashtee_1]

Uber owns no cars.
Airbnb owns no houses.
Spotify owns no music.
Netflix owns no movie theaters.
Amazon owns no factories for most of what it sells.

Facebook creates no news.
YouTube creates no videos.
Alibaba manufactures very little of what it sells.

Own the platform. Control the distribution. Capture the value.

LET THAT SINK IN.

[bashT @bashtee_1]

Kylian Mbappé is facing major backlash in China after his controversial comments about Mao Zedong.

Dongpeng, Mengniu and Milkground have reportedly ended their sponsorship deals with the French star, while China’s state broadcaster has suspended broadcasts of La Liga matches involving him.

[bashT @bashtee_1]

Olivia Rodrigo’s “good 4 u” has been ranked the 4th greatest rock song of the 21st century by Rolling Stone.

[bashT @bashtee_1]

Sarah Snook is returning to HBO to star in THE BIRDS, a limited series inspired by Alfred Hitchcock’s iconic film and Daphne du Maurier’s original novella.

[bashT @bashtee_1]

Jasper Talbot has been cast as James Potter in HBO’s upcoming HARRY POTTER series.

Hannah Chinn will play Lily Potter, while Harry Gilby joins the cast as Charlie Weasley.

(Source: Deadline)

[bashT @bashtee_1]

Jasper Talbot has been cast as James Potter in HBO’s upcoming HARRY POTTER series.

Hannah Chinn will play Lily Potter, while Harry Gilby joins the cast as Charlie Weasley.

(Source: Deadline)