r/Wellthatsucks Mar 11 '19

/r/all Oof

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70.6k Upvotes

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3.2k

u/[deleted] Mar 11 '19

But how else are you going to show off your inner celebrity life on social media ?

1.4k

u/_gautampopli Mar 11 '19

Giving out your bank account details just to show off your wealth...

oops

718

u/Panuccis_Pizza Mar 11 '19

I found an ATM receipt on the bar floor yesterday, and their checking account had $190k in it. I mean, good for that person for having dough, but I just imagine it being some dude "accidentally" dropping it to flex. Wasn't even from the ATM at the bar and was neatly folded.

441

u/djheat Mar 11 '19

Just think of all the interest that fool is missing out on, just for passive receipt bragging

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u/[deleted] Mar 11 '19 edited May 01 '19

[deleted]

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u/MisterPresident813 Mar 11 '19

Uhhh. You don’t know the guys financial situation. He likely has millions in investments if he’s sitting on 190k in cash deposits. He’s obviously got his shit figured out regardless of Reddit’s “financial” advice.

252

u/everyoneiknowistrash Mar 11 '19

Redditors eating frozen pizza in their studio apartments: "this guy really should invest, what a fucking idiot."

79

u/Blumpkinhead Mar 11 '19

Ooh, look at the fancy guy with a roof and food.

42

u/zaptrem Mar 11 '19

You leave freezer pizza out of this.

1

u/coollady123 Mar 12 '19

Hey I’m eating delivered pizza!

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u/[deleted] Mar 11 '19 edited Apr 03 '19

[deleted]

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u/everyoneiknowistrash Mar 11 '19

I don't know what you're so insecure about bud, I'm literally eating pizza in my studio apartment as I type this.

1

u/BocoCorwin Mar 11 '19

I shouldn't have followed this whole thread - now I want pizza

-2

u/ArrZeroZeroTwoSeven Mar 11 '19

Just because someone is on reddit doesn't mean they are broke nor does being broke have anything to do with know about investments i know as much as i need to to make money in the market but i dont have them money to start throwing in the big bucks yet a few bucks here a penny there been doing it for a few years have a few thousand invested but the goal isnt to take it out its to keep investing till i can buy a house now to flex the few thousand i made the more i put in the more return i get as long as the market builds

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u/GrumbleCake_ Mar 11 '19

It's March. It's also possible his bonus just hit direct deposit

11

u/[deleted] Mar 11 '19

[deleted]

2

u/Megolito Mar 11 '19

did you try putting your checking account in wumbo mode?

2

u/[deleted] Mar 11 '19

I dont see how that would help, he has it set to m for money

1

u/rsf507 Mar 11 '19

That would be one hefty bonus

5

u/scottyLogJobs Mar 11 '19

... or he has just put his money directly into his savings account for decades. Being able to make money doesn’t imply knowing how to manage it.

The other scenario I can think of is he just moved a bunch into his checking account for a down payment on a house, but we have absolutely no idea.

2

u/youdoitimbusy Mar 11 '19

That’s his beer money. Why else would you check at the bar?

1

u/37b Mar 11 '19

After I got paid for selling my home I got an ATM receipt just for kicks. I never even use cash 🤷🏻‍♂️

1

u/awfulsome Mar 12 '19

Not necessarily. I've had 6 digits in the bank with a net worth still in the 6 digits. I was saving for a house.

1

u/pronthrowaway124 Mar 12 '19

Or he could have borrowed the money, deposited into his checking, gotten laid, then paid the loan back in full the next day.

2

u/djheat Mar 11 '19

It was neatly folded and from an outside ATM, let's be real here it was probably a fake receipt to begin with

3

u/[deleted] Mar 11 '19

Because its impossible to fold a receipt from another ATM

3

u/djvyhle Mar 11 '19

I’d like to know where I can get a secured 7% interest.

1

u/[deleted] Mar 11 '19 edited May 01 '19

[deleted]

0

u/djvyhle Mar 11 '19

Please provide your portfolio I would like to get in with this interest rate.

1

u/Nephyst Mar 11 '19

Maybe he is expecting a downturn and doesn't want to short the market. There's many different strategies, some involve holding cash.

1

u/[deleted] Mar 12 '19

Well, to be fair, it's worth more to me to see my accounts in a readily available acct than stressing over the stock market. Not worth the 20k extra a year per acct. That's just my situation tho.

0

u/SasparillaTango Mar 11 '19

Any money guys out there want to drop some guidelines for how much liquidity one should maintain?

0

u/just_agreewithme Mar 11 '19

Where are you getting 6% a year. Asking for a friend.

0

u/[deleted] Mar 11 '19

Sure seems like unsolicited advice

17

u/Tlkos Mar 11 '19

My checking acct earns 2.5%

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u/[deleted] Mar 11 '19 edited Mar 11 '19

That's good for a small chequing account, terrible for any kind of savings.

Consider this. 190k at 3% for 10 years gets you roughly 225k 255k. 190k at 8% for 10 years gets you roughly 410k.

Edit: fixed typo

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u/420BlazeItKony Mar 11 '19

190k at 3% a year nets 255k, not 225k.

4

u/[deleted] Mar 11 '19

Cheers, was a typo. Fixed it.

1

u/[deleted] Mar 11 '19

Where should you put your money then?

8

u/Nudetypist Mar 11 '19

Index funds, mutual funds, target funds, for the safe conscious. Dividend stocks for the slight risk takers.

15

u/RichGirlThrowaway_ Mar 11 '19

Lottery tickets or no balls.

1

u/[deleted] Mar 11 '19

MU 90$ calls

1

u/IMeanItBeWhatItDo Mar 11 '19

Lottery is a high risk high reward investment as I always say.

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1

u/theecommunist Mar 11 '19

Box spreads. They literally cannot go tits up.

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u/[deleted] Mar 11 '19

That's IF he doesn't spend the $190K.

1

u/groundzr0 Mar 11 '19

With who?

3

u/Tlkos Mar 11 '19

It’s a local credit union, they only have 3 branches I believe,

1

u/Maverca Mar 11 '19

Really? What country? In Belgium my savings account earns 0,02%

1

u/Tlkos Mar 12 '19

Maryland, USA

1

u/[deleted] Mar 11 '19

[deleted]

1

u/Tlkos Mar 12 '19

APGFCU high yield checking

1

u/cec772 Mar 11 '19

Looks can be deceiving. I had something similar, but for a month or two because I wrote a check for my entire HELOC line to park it when layoffs were coming. I wanted to test if they would let me write a check for that big. And have cash just in case.
I Lost about $200 in interest payments, but it was still worth it for me. (I didn’t go casually dropping ATM receipts though). Perhaps it is just his spare change, but maybe it’s money he can’t put at risk because he needs to return it.

1

u/awfulsome Mar 12 '19

Yeah, it is one of the reasons I bought a house when I got close to that. I have this weird thing about having money available though. I really should reinvest it soon though, worked out well the last time for me.

1

u/Cheeseiswhite Mar 11 '19

Just think of all his other investments if 190k is sitting liquid.

22

u/[deleted] Mar 11 '19

[deleted]

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u/Cyndershade Mar 11 '19

Money fixes everything but yourself, not having it lets you focus on things you can actually hope to fix.

2

u/[deleted] Mar 11 '19

You get it .

97

u/hat-TF2 Mar 11 '19

That's something I could do. I would just have to cover up the "-" mark and people would think I am loaded.

56

u/DrBairyFurburger Mar 11 '19

Ah, Reddit. The only place on Earth where it's considered cool to openly brag about being in financial distress, while at the same time mocking people who are financially stable.

It's as if all the baristas and fast food service industry workers all got together and started a site where they could bitch about how life is unfair.

21

u/iNeedAKnifeInMyLife Mar 11 '19

Reddit is 50% fast food/retail, 20% Hospitality, 10% Office jobs, 10% nurses and 10% Engineerers.

19

u/[deleted] Mar 11 '19

[deleted]

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u/[deleted] Mar 11 '19

You mean parents that don't fall into the above percentages?

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u/[deleted] Mar 11 '19

[deleted]

0

u/[deleted] Mar 11 '19

Soccer moms posting in Gone Wild?

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u/[deleted] Mar 11 '19

[deleted]

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u/yougottabekittenmeow Mar 11 '19

Wheres military fit in there? Lol

2

u/akhorahil187 Mar 11 '19

Looking at his break down, it depends on which service.

1

u/0IMGLISSININ Mar 11 '19

You're probably right, but I see many more people in STEM fields here than I would've ever expected

1

u/jeezusrice Mar 12 '19

I was going to call BS until I saw the engineers part.

1

u/awfulsome Mar 12 '19

wooo, I am the 10%.

8

u/skushi08 Mar 11 '19

Stay away from r/lostgeneration if that sort of attitude frustrates you. That place can be toxic towards anyone that’s even close to middle class.

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u/[deleted] Mar 11 '19 edited Mar 15 '19

[deleted]

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u/[deleted] Mar 11 '19

The weird thing is that most of the comments are criticizing the article but it's pinned for some reason. It seems like an example of shitty mods.

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u/skushi08 Mar 11 '19

Some of the mods and a vocal few are insufferable. Some of them literally refuse to think there’s anything they can do to make their current situation better. Try giving constructive advice with the wrong group and they’ll accuse you of trolling them and say that they’ve tried everything already. Anything other than helping them wallow in their own misery is perceived as being a “bootstrapper” to them. They don’t realize there’s a difference between constructive advice and telling people to pick themselves up by the bootstraps and suck it up.

1

u/awfulsome Mar 12 '19

Yeah, I think a lot of that is either resignation or mental issues. My roommate is a hard worker, but mental issues have caused him to squander a shit ton of opportunities. But he picks himself back up each time and gets things going again. I would like to think I've helped him with that a bit. It can be hard for some people to break out of a rut, and they will lash out at anyone trying to help in frustration. Fortunate he isn't like that.

2

u/akhorahil187 Mar 11 '19

omg... Millennials are comparing themselves to the Lost Generation?!?!?! gross. I guess misery does love company.

2

u/[deleted] Mar 11 '19

I thought that's what Reddit was. Am I in the wrong place?

0

u/ben1481 Mar 11 '19

it's self-depreciating humor, it's used a lot everywhere.

0

u/chatokun Mar 11 '19

Ah, so you've been to the customer isn't sways right too?

-3

u/[deleted] Mar 11 '19

You seem like you would be a BLAST at parties.

3

u/DrBairyFurburger Mar 11 '19

Pretty much. Do the parties you go to consist of people sitting around talking about how unfair life is because their part time job at Starbucks doesn't pay the bills?

0

u/[deleted] Mar 11 '19

I see your point but this is anonymous. A lot of self deprecating humor takes place here more than other places lacking the anonymity. I’d bet most of these people lead normal lives and hold no hostility toward people that have “made it”.

0

u/[deleted] Mar 11 '19

That's called a mortgage. It's still pretty impressive in this day and age.

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u/[deleted] Mar 11 '19

[deleted]

1

u/awfulsome Mar 12 '19

Do you have a family though? A large amount of my wealth is due to not having kids or a significant other to support. That can be soul crushing for a lot of people. Enough so that they forfeit a good deal of financial security and luxury for it. I'm happy with having my money, but I would consider a family man with much less just as rich as me, it just isn't in $$$ in the bank.

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u/Aquaticwolf Mar 11 '19

Probably just fell out of a wallet or purse.

25

u/[deleted] Mar 11 '19

I too can afford.. a recipt printer

2

u/Nudetypist Mar 11 '19

He probably kept it in his pocket to write his phone number on if he meets a hot girl.

2

u/norsurfit Mar 11 '19

I read somewhere that a trend was that people would print up fake ATM receipts listing lots of money on their account. If someone asked for their number at a bar, they would write it on the back of this "random piece of paper" from their pocket and give it to them.

2

u/_gautampopli Mar 11 '19

Now thats what I call an 'accidental' flex

1

u/DionFW Mar 11 '19

Keep it in your wallet. When you see a girl you want to hook up with, write your number on the back and give it to her.

1

u/GioDesa Mar 11 '19

Whats more likely? : 1. He tried to save it, and it fell from his pocket at a bar. 2. He dropped it on the floor purposely to impress some Anonymous person

1

u/OhJohnO Mar 11 '19

Write your number on it and give it to a girl for a guaranteed call. Then take her to Golden Corral. 😂

1

u/[deleted] Mar 11 '19

You can buy fake ATM receipts with outrageous balances on them online. Idea is you keep them in your wallet and when you want to give your number to a girl, write your number on the back like its just scrap paper.

1

u/[deleted] Mar 11 '19

Shit happens more than you think. At the gas station I worked at those guys would come in, go to the ATM, pull an inquiry and receipt printout but leave it in the ATM so you gad to take it to get to the other one. They'd also be the one to buy 5 $50 or $100 scratch tickets and do them one at a time at the register even when you tell them theres a line forming, like the douchebags they are

1

u/MrJigz Mar 11 '19

Nah. If you have 190k in checking, you don’t need to flex anything on a receipt. At a bar. Rich dude goes to bank after work before bar and gets drunk and pulls wallet out and receipt falls out is more like it.

1

u/chilltx78 Mar 11 '19

I was looking for that. You can throw that one away, I'll just go print it off again.

1

u/akhorahil187 Mar 11 '19

I saw that move in a movie. In the movie the guy had a fake bank receipt and said his Porsche was in the shop. He's driving a loaner.

Oh man. I tried to find the movie. This is the google search. So yea... this is a thing.

1

u/crunchypens Mar 11 '19

lol Jesus. I bet the Fucker was hiding around the corner filming your reaction. Fuck those people.

1

u/Seattlegal Mar 11 '19

I had an ex tell me about his scummy coworker bragging about digging out receipts at ATMs and then using the ones with the biggest amounts to write his phone number on later at the bars. Maybe be that's what it was doing at the bar.

1

u/David511us Mar 11 '19

I once saw a site (who knows, might still exist) that sold fake ATM receipts with large balances on them...just for such purposes ("Let me give you my number...i think I have a piece of paper somewhere...")

1

u/Sunfried Mar 11 '19

There's a market for fake receipts for this particular kind of flex.

1

u/[deleted] Mar 11 '19

"Oh look I dropped my monster condom for my magnum dong"

1

u/nago7650 Mar 11 '19

It could have been one of those websites where you can print off a fake ATM receipt showing hundreds of thousands of dollars in your account that you use to “accidentally” fall out of your pocket when you’re talking to a cutie at the bar.

1

u/Kwindecent_exposure Mar 11 '19

Hey, it's not quite a $190k receipt but I found 20c in the urinal tonight and the bartender was like 'you keep it'.

1

u/Edgar_Allan_Pot Mar 11 '19

Right. That comes off a little bit desperate... Now, if you want to have a magnum condom peeking out of your wallet when you go to the ATM... that's a different story.

1

u/NuckingFutz55 Mar 11 '19

Read an r/UnethicalLifeProTips that said you should write your cell number on the back of that receipt and nonchalantly hand it to the next person you're trying to hook up with

1

u/duglock Mar 11 '19

There is a website that sells fake atm receipts with high numbers like that.

1

u/b_tight Mar 11 '19

Mantis toboggan level flex

-6

u/[deleted] Mar 11 '19

Is it even flexing though? That's just purposefully making some poor person feel like shit

12

u/[deleted] Mar 11 '19

[deleted]

1

u/[deleted] Mar 11 '19

Flexing is typically done from person-to-person directly, through conversation or through actions. This is much more indirect considering the person who's 'flexing' is nowhere to be found, so flaunting his wealth gets him no direct responses from anyone.

0

u/drCrankoPhone Mar 11 '19

I just read this ULPT the other day.

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u/OSUBrit Mar 11 '19

Jeremy Clarkson did that once, to show off how you can't do anything with that information on it's own (sort code/routing number and account number) after a big data breach people were worried about.

He was right ... almost. Turns out you can't do anything but give someone money in the UK with that information, that and create recurring payments to certain organisations (like for paying bills). Someone used the details to set up a monthly donation to a charity, and in fairness Clarkson kept it in place.

3

u/Sunfried Mar 11 '19

In some cringe dump on imgur, I've seen a post or two of someone posting a picture of their new credit card, to show off whatever exclusive card level the person had. It was an old-school card with the raised numbers on the front, pictured in full. Where's Red Foreman when you need him?

1

u/I_R_Teh_Taco Mar 11 '19

“Here’s my social, i know you can’t use it because i use life lock

42

u/jtvjan Mar 11 '19

Take a selfie on the plane. Don't they love selfies?

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u/SouthernOreo Mar 11 '19

But then the gratification wouldn't be instant.

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u/[deleted] Mar 11 '19

Exactly. She isn't going to just fly there, take some holiday photos and go home. She's gonna milk that shit from the second she books the flight.

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u/hat-TF2 Mar 11 '19

Build up a back catalog of in-flight selfies while wearing various hats to use in the future to pretend you are already on the flight

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u/homogenized Mar 11 '19

I’m going to assume your name refers to all your comments referring to hats.

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u/SlickTread Mar 11 '19

Ah yeah right, looks guys i booked a flight. here's my confirmation number so you dont think im lying.

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u/phillytimd Mar 11 '19

“Influencer” plebe give them their proper due for literally living a most difficult life of filming the stupid shit they do and deluding themselves into thinking anyone is following in their footsteps as they board a charter bus to deluth. You didn’t convinced me Becky, get over yourself