Author Topic: My Soon-To-Be Millionaire Family Members  (Read 238963 times)

talltexan

  • Walrus Stache
  • *******
  • Posts: 5344
Re: My Soon-To-Be Millionaire Family Members
« Reply #300 on: July 16, 2018, 11:46:50 AM »
How about we give the winner all the internet points?

elementz_m

  • 5 O'Clock Shadow
  • *
  • Posts: 80
  • Age: 34
  • Location: Peak District, UK
Re: My Soon-To-Be Millionaire Family Members
« Reply #301 on: July 16, 2018, 03:47:08 PM »
How about we give the winner all the internet points?

I think that would devalue the Internet points, and I'm so heavily invested in them it would ruin my FIRE plans.

Really should have diversified with some of those Real Life points...

barbaz

  • Stubble
  • **
  • Posts: 201
Re: My Soon-To-Be Millionaire Family Members
« Reply #302 on: July 18, 2018, 12:47:29 AM »
How about we give the
I think that would devalue the Internet points, and I'm so heavily invested in them it would ruin my FIRE plans.

Really should have diversified with some of those Real Life points...
I know what you mean. I have a passive income of ~100 reputation per month on stackoverflow, but is that really enough to retire on?

ysette9

  • Walrus Stache
  • *******
  • Posts: 8930
  • Age: 2020
  • Location: Bay Area at heart living in the PNW
Re: My Soon-To-Be Millionaire Family Members
« Reply #303 on: July 18, 2018, 07:05:23 AM »
How about we give the winner all the internet points?
Is that like winning the internet?

robartsd

  • Magnum Stache
  • ******
  • Posts: 3342
  • Location: Sacramento, CA
Re: My Soon-To-Be Millionaire Family Members
« Reply #304 on: July 18, 2018, 01:47:26 PM »
I know what you mean. I have a passive income of ~100 reputation per month on stackoverflow, but is that really enough to retire on?
That's about 10x my passive income on stackoverflow.

frugalfoothills

  • Bristles
  • ***
  • Posts: 274
  • Age: 34
    • Bulls, Bears and Beers
Re: My Soon-To-Be Millionaire Family Members
« Reply #305 on: July 19, 2018, 08:57:18 AM »
Today is the ribbon cutting for the Millionaires! There are 2 ceremonies today, and then a "friends & family" ceremony on Saturday that I'll be attending. Throwing a 30th birthday party for a close friend Friday night at my house, so I'm sure I'll be bright eyed and bushy tailed for the big reveal.

I guess this means that the Millionaires are officially up & running as of today! I'll keep updates coming as business ramps up (or down?)

ysette9

  • Walrus Stache
  • *******
  • Posts: 8930
  • Age: 2020
  • Location: Bay Area at heart living in the PNW
Re: My Soon-To-Be Millionaire Family Members
« Reply #306 on: July 19, 2018, 01:06:55 PM »
Maybe for the same reason restaurants have “grand opening!” signs up in front for the first year? It generates buzz and hopefully buzz generates $$.

frugalfoothills

  • Bristles
  • ***
  • Posts: 274
  • Age: 34
    • Bulls, Bears and Beers
Re: My Soon-To-Be Millionaire Family Members
« Reply #307 on: July 20, 2018, 12:24:35 PM »
Today is the ribbon cutting for the Millionaires! There are 2 ceremonies today, and then a "friends & family" ceremony on Saturday that I'll be attending. Throwing a 30th birthday party for a close friend Friday night at my house, so I'm sure I'll be bright eyed and bushy tailed for the big reveal.

I guess this means that the Millionaires are officially up & running as of today! I'll keep updates coming as business ramps up (or down?)

Why two ceremonies - actually three?

I found this weird, too... they had one yesterday morning for the Chamber of Commerce for the next town over, and a business networking group they have been part of. Then yesterday afternoon for THEIR Chamber of Commerce, plus a Young Professionals group. Then Saturday for "friends & family."

Not sure why you wouldn't just do one big ribbon cutting and knock it all out at once...? I don't know, I've never opened a business.

patchyfacialhair

  • Handlebar Stache
  • *****
  • Posts: 1259
  • Age: 34
Re: My Soon-To-Be Millionaire Family Members
« Reply #308 on: July 20, 2018, 12:44:58 PM »
I think it's a good idea. Target the sales pitches to smaller groups, adjusting the pitch slightly based on the audience, hopefully yielding a better result.

As opposed to a big old hootenanny where people stay for 2 minutes and leave because there's too many people.

iris lily

  • Walrus Stache
  • *******
  • Posts: 5671
Re: My Soon-To-Be Millionaire Family Members
« Reply #309 on: July 21, 2018, 12:48:24 PM »
I think it's a good idea. Target the sales pitches to smaller groups, adjusting the pitch slightly based on the audience, hopefully yielding a better result.

As opposed to a big old hootenanny where people stay for 2 minutes and leave because there's too many people.

Also, timing i i portant. Multiple, eremonies can be targeted to whenever the targte group can attend.

Not sure I wojld worry about too many people at this event. :)

frugalfoothills

  • Bristles
  • ***
  • Posts: 274
  • Age: 34
    • Bulls, Bears and Beers
Re: My Soon-To-Be Millionaire Family Members
« Reply #310 on: August 09, 2018, 03:13:46 PM »
Business has been booming for the millionaires since the ribbon cutting. They are about to finish up their third full week with open doors and from the sounds of it, business has been good. They signed up a ton of people for consultation-type things pre-opening, so they've been working through all those and attempting to swindle sign them up for "care packages." I'll be interested to hear what the conversion rate is so far.

In some non-Mustachian news, the Millionaires got a new car! A 2014 Tahoe, to be exact. Bought and paid for by Financier in Chief, my BIL's father. What has become abundantly clear throughout this ordeal is that the Millionaire's business venture WILL succeed, deserved or not, because FIL will bail them out regardless. They are essentially the Wells Fargo of small-town chiropractic care... Too Privileged To Fail.

If I sound jealous, it's because I am!

K-ice

  • Pencil Stache
  • ****
  • Posts: 982
  • Location: Canada
Re: My Soon-To-Be Millionaire Family Members
« Reply #311 on: August 09, 2018, 03:22:48 PM »
Good for them!

Although we were all kind of waiting to get our dose of "Schadenfreude".

(a German word for "pleasure derived from the misfortunes of others.")

Having successful family members is better than needy ones.

patchyfacialhair

  • Handlebar Stache
  • *****
  • Posts: 1259
  • Age: 34
Re: My Soon-To-Be Millionaire Family Members
« Reply #312 on: August 09, 2018, 03:28:18 PM »
So is the contest over since BILs father bought the massive unnecessary SUV? Or are we waiting for an indication that they've actually asked him for money?

If the former...

Aug 1, 2018 Apple_Tango, ShoulderThingThatGoesUp
August 9th (TAHOE PURCHASE DATE)
Aug 15, 2018 Linda_Norway

@Apple_Tango and @ShoulderThingThatGoesUp tie for the win...

YttriumNitrate

  • Handlebar Stache
  • *****
  • Posts: 1836
  • Location: Northwest Indiana
Re: My Soon-To-Be Millionaire Family Members
« Reply #313 on: August 09, 2018, 08:20:06 PM »
So is the contest over since BILs father bought the massive unnecessary SUV? Or are we waiting for an indication that they've actually asked him for money?
It certainly does seem that the BIL asked for a giant SUV (because chiropractic stuff and all), so...



EDIT: After official video review, the ruling on the field is overturned....repeat third down.
« Last Edit: August 13, 2018, 07:00:25 AM by YttriumNitrate »

ysette9

  • Walrus Stache
  • *******
  • Posts: 8930
  • Age: 2020
  • Location: Bay Area at heart living in the PNW
Re: My Soon-To-Be Millionaire Family Members
« Reply #314 on: August 09, 2018, 09:08:50 PM »
Congrats to the winners

partgypsy

  • Walrus Stache
  • *******
  • Posts: 5207
Re: My Soon-To-Be Millionaire Family Members
« Reply #315 on: August 09, 2018, 09:17:32 PM »
Wouldn't it be Linda Norway who won? Unless u knew the date when the ask was?

Davnasty

  • Magnum Stache
  • ******
  • Posts: 2793
Re: My Soon-To-Be Millionaire Family Members
« Reply #316 on: August 10, 2018, 06:24:34 AM »
Good for them!

Although we were all kind of waiting to get our dose of "Schadenfreude".

(a German word for "pleasure derived from the misfortunes of others.")

Having successful family members is better than needy ones.

That was my thought for a brief moment until I remembered their business model is taking advantage of ignorant people. Even if they are true believers in their method, people aren't getting the panacea they've been told they're getting.

ShoulderThingThatGoesUp

  • Magnum Stache
  • ******
  • Posts: 3053
  • Location: Emmaus, PA
Re: My Soon-To-Be Millionaire Family Members
« Reply #317 on: August 10, 2018, 08:59:49 AM »
Internet Points! Woohoo!

FIRE@50

  • Pencil Stache
  • ****
  • Posts: 553
  • Age: 46
  • Location: Maryland
Re: My Soon-To-Be Millionaire Family Members
« Reply #318 on: August 10, 2018, 09:05:15 AM »
Internet Points! Woohoo!
Have you decided which index fund to invest all of those points in?

talltexan

  • Walrus Stache
  • *******
  • Posts: 5344
Re: My Soon-To-Be Millionaire Family Members
« Reply #319 on: August 10, 2018, 09:10:11 AM »
A couple of questions:

  • Foot Traffic is high for this business now. Is there evidence of growth, or could this be a one-time surge?
  • They're still pretty leveraged to FIL. Can they survive a downturn? How does the area seem to be doing economically?
  • My MIL bought my BIL a new car seven years ago. She claimed it was the equivalent of the money she spent on my wife's and my wedding. She has been pretty generous with our HH over the years, so I probably don't want to start complaining. Do BIL and SIL have kids? If you don't have kids, the Tahoe is...to what purpose exactly?

ShoulderThingThatGoesUp

  • Magnum Stache
  • ******
  • Posts: 3053
  • Location: Emmaus, PA
Re: My Soon-To-Be Millionaire Family Members
« Reply #320 on: August 10, 2018, 09:26:52 AM »
Internet Points! Woohoo!
Have you decided which index fund to invest all of those points in?

SCHE; the Internet still has a lot of productivity growth to add in emerging markets.

patchyfacialhair

  • Handlebar Stache
  • *****
  • Posts: 1259
  • Age: 34
Re: My Soon-To-Be Millionaire Family Members
« Reply #321 on: August 10, 2018, 09:28:02 AM »
Investing in memes would be a better decision. High risk high reward.

frugalfoothills

  • Bristles
  • ***
  • Posts: 274
  • Age: 34
    • Bulls, Bears and Beers
Re: My Soon-To-Be Millionaire Family Members
« Reply #322 on: August 10, 2018, 02:06:04 PM »
Not to rain on anyone's internet point parade, but BIL didn't actually *ask* FIL for the Tahoe. BIL (and my sis) have both been driving the same cars they've had since high school... so in that regard, they've been exceedingly Mustachian. FIL has been pestering BIL to let him buy him a new car, since apparently he tried to buy BIL a new car when he graduated from undergrad, and BIL refused (looooved his beater.) Seems like he only just now caved to accepting a gift that's been a long time coming. Not sure how this affects the contest... seems like it's back open to me!

A couple of questions:

  • Foot Traffic is high for this business now. Is there evidence of growth, or could this be a one-time surge?
  • They're still pretty leveraged to FIL. Can they survive a downturn? How does the area seem to be doing economically?
  • My MIL bought my BIL a new car seven years ago. She claimed it was the equivalent of the money she spent on my wife's and my wedding. She has been pretty generous with our HH over the years, so I probably don't want to start complaining. Do BIL and SIL have kids? If you don't have kids, the Tahoe is...to what purpose exactly?

1. No clue, I have to think at least some of it is a one-time surge. They offered introductory appointments ("assessments") at a super discounted price in the hopes of getting people in the door, and I think that was very successful. Interested to hear what the conversion rates are.
2. They can survive downturn because FIL will bail them out. Area is good economically & growing, though their exactly location IN that area baffles me a bit...
3. No kids yet but they DEFINITELY plan on having them. Like, lots of them. My sister loves kids... that's what the Currently Wasted Masters Degree was for, actually. I expect they will be pregnant sooner rather than later, honestly. I'm fine with that... I don't really want kids of my own, so I'm VERY much looking forward to being an aunt!

I'm going to call my sis this weekend and hopefully get an update on things.

patchyfacialhair

  • Handlebar Stache
  • *****
  • Posts: 1259
  • Age: 34
Re: My Soon-To-Be Millionaire Family Members
« Reply #323 on: August 10, 2018, 02:22:31 PM »
The league commissioner has spoken. The contest is back open!

ShoulderThingThatGoesUp

  • Magnum Stache
  • ******
  • Posts: 3053
  • Location: Emmaus, PA
Re: My Soon-To-Be Millionaire Family Members
« Reply #324 on: August 10, 2018, 08:28:47 PM »
My internet points broker is going to be pi-issed.

Miss Piggy

  • Handlebar Stache
  • *****
  • Posts: 1549
Re: My Soon-To-Be Millionaire Family Members
« Reply #325 on: August 11, 2018, 10:51:12 AM »
My internet points broker is going to be pi-issed.

I don't even know how you recover from something like this.

iris lily

  • Walrus Stache
  • *******
  • Posts: 5671
Re: My Soon-To-Be Millionaire Family Members
« Reply #326 on: August 12, 2018, 11:26:08 AM »
My internet points broker is going to be pi-issed.

I don't even know how you recover from something like this.
This, and this thread update, is a scream!

Linea_Norway

  • Walrus Stache
  • *******
  • Posts: 8569
  • Location: Norway
Re: My Soon-To-Be Millionaire Family Members
« Reply #327 on: August 13, 2018, 05:20:06 AM »
The league commissioner has spoken. The contest is back open!

Darn it!

jinga nation

  • Magnum Stache
  • ******
  • Posts: 2696
  • Age: 247
  • Location: 'Murica's Dong
Re: My Soon-To-Be Millionaire Family Members
« Reply #328 on: August 14, 2018, 10:41:56 AM »
The Tahoe is an implicit way for FIL to say "get jiggy and fill this up with your cute offspring". He doesn't want grandkids in a beater.

Just Joe

  • Walrus Stache
  • *******
  • Posts: 6720
  • Location: In the middle....
  • Teach me something.
Re: My Soon-To-Be Millionaire Family Members
« Reply #329 on: August 14, 2018, 05:47:22 PM »
Wants to improve their automotive appearances so the business succeeds and he gets his loan back?

AlanStache

  • Magnum Stache
  • ******
  • Posts: 3175
  • Age: 44
  • Location: South East Virginia
Re: My Soon-To-Be Millionaire Family Members
« Reply #330 on: August 14, 2018, 07:36:11 PM »
Congrats... I guess! 

I have never understood the need for small business people to have flashy cars; like why would I as a customer want to see what I am paying for?  But society at large tells me I look at things wrongly; meh. 

Apple_Tango

  • Bristles
  • ***
  • Posts: 420
Re: My Soon-To-Be Millionaire Family Members
« Reply #331 on: August 14, 2018, 10:05:33 PM »
Talk about a rollercoaster! I check the thread to find out I won!!! And then in the blink of an eye my first place win was stripped away. To all those who remain, may the odds be in your favor 😂😂

talltexan

  • Walrus Stache
  • *******
  • Posts: 5344
Re: My Soon-To-Be Millionaire Family Members
« Reply #332 on: August 15, 2018, 07:26:07 AM »
Congrats... I guess! 

I have never understood the need for small business people to have flashy cars; like why would I as a customer want to see what I am paying for?  But society at large tells me I look at things wrongly; meh.

I spent about $2,400 to receive sales coaching during my time in Cincinnati. My coach--who maintained that he'd built several businesses in insurance and boat dealing--drove an old honda accord. It never occurred to me to inquire whether this was a business thing (did he do it to minimize the costs of work-related driving?) or to try to figure out whether he wasn't as wealthy as he maintained he was. I imagine many people who try to sell you ideas that will bring you wealth wish to look wealthy themselves. This one did the opposite of that.

But a lot of people on this forum drive old, beat-up cars despite great wealth.

robartsd

  • Magnum Stache
  • ******
  • Posts: 3342
  • Location: Sacramento, CA
Re: My Soon-To-Be Millionaire Family Members
« Reply #333 on: August 15, 2018, 09:36:41 AM »
I have never understood the need for small business people to have flashy cars; like why would I as a customer want to see what I am paying for?  But society at large tells me I look at things wrongly; meh.
I think that the appearance of wealth subconsciously validates someone's decision to purchase - if they have that much wealth, it must be because so many other people found that they provide great value. Only after stepping back and thinking rationally about the situation do you realize that the appearance of wealth provides you no information about the value being provided.

Linea_Norway

  • Walrus Stache
  • *******
  • Posts: 8569
  • Location: Norway
Re: My Soon-To-Be Millionaire Family Members
« Reply #334 on: August 16, 2018, 12:58:16 AM »
I have never understood the need for small business people to have flashy cars; like why would I as a customer want to see what I am paying for?  But society at large tells me I look at things wrongly; meh.
I think that the appearance of wealth subconsciously validates someone's decision to purchase - if they have that much wealth, it must be because so many other people found that they provide great value. Only after stepping back and thinking rationally about the situation do you realize that the appearance of wealth provides you no information about the value being provided.

Maybe it is for the same reasons that people are sceptic to specialists with a cheap hourly rate.

marty998

  • Walrus Stache
  • *******
  • Posts: 7372
  • Location: Sydney, Oz
Re: My Soon-To-Be Millionaire Family Members
« Reply #335 on: August 16, 2018, 07:30:26 AM »
I have never understood the need for small business people to have flashy cars; like why would I as a customer want to see what I am paying for?  But society at large tells me I look at things wrongly; meh.
I think that the appearance of wealth subconsciously validates someone's decision to purchase - if they have that much wealth, it must be because so many other people found that they provide great value. Only after stepping back and thinking rationally about the situation do you realize that the appearance of wealth provides you no information about the value being provided.

Maybe it is for the same reasons that people are sceptic to specialists with a cheap hourly rate.

It's for the tax write off.

These same business people don't understand that they don't get it all back on tax, only their marginal rate.

talltexan

  • Walrus Stache
  • *******
  • Posts: 5344
Re: My Soon-To-Be Millionaire Family Members
« Reply #336 on: August 16, 2018, 08:26:41 AM »
What if BIL does something really sophisticated, like convert the debt he owes to Father-in-law into FIL owning a share of the business? Who wins then?

Tuskalusa

  • Bristles
  • ***
  • Posts: 442
Re: My Soon-To-Be Millionaire Family Members
« Reply #337 on: August 16, 2018, 08:32:10 AM »
I have absolutely no idea what kind of car my chiropractor drives...

YttriumNitrate

  • Handlebar Stache
  • *****
  • Posts: 1836
  • Location: Northwest Indiana
Re: My Soon-To-Be Millionaire Family Members
« Reply #338 on: August 16, 2018, 11:08:42 AM »
Here's an image of a chriopractor's car I used to go by every day (hopefully Google will not change the link). If the BIL A) wraps the car in the company name, B) parks it by a busy road (on stilts), and C) adds branded kayaks on top, then I could see it as a legitimate business expense.

https://www.google.com/maps/@40.4531184,-86.9205372,3a,41y,314.48h,85.18t/data=!3m7!1e1!3m5!1sJH4mLlMhMTFMO9QEloL_-A!2e0!5s20070901T000000!7i13312!8i6656

Just Joe

  • Walrus Stache
  • *******
  • Posts: 6720
  • Location: In the middle....
  • Teach me something.
Re: My Soon-To-Be Millionaire Family Members
« Reply #339 on: August 17, 2018, 09:27:16 AM »
I once visited a small town dentist whose operation was shabby. Not frugal but shabby. We did not return. The Frank Burns of dentistry.

More than few times in my years shabby appearances have led to other short comings. Not always but enough.

I don't assume the guy with gold plated plumbing is anything special though. He's likely just expensive and certainly has different priorities than me.

I like our dentist. Clean office. The dentist and his staff drive ordinary vehicles. Everything is neat and orderly. Service is good.

ixtap

  • Magnum Stache
  • ******
  • Posts: 4561
  • Age: 51
  • Location: SoCal
    • Our Sea Story
Re: My Soon-To-Be Millionaire Family Members
« Reply #340 on: August 17, 2018, 09:50:18 AM »
I once visited a small town dentist whose operation was shabby. Not frugal but shabby. We did not return. The Frank Burns of dentistry.

More than few times in my years shabby appearances have led to other short comings. Not always but enough.

I don't assume the guy with gold plated plumbing is anything special though. He's likely just expensive and certainly has different priorities than me.

I like our dentist. Clean office. The dentist and his staff drive ordinary vehicles. Everything is neat and orderly. Service is good.

Yes, but what about your dentist's car? I happen to know mine owns a big SUV because I seem to make appointments after lunch and get to watch her come back from lunch while I am getting my teeth cleaned.

greengardens

  • Stubble
  • **
  • Posts: 139
Re: My Soon-To-Be Millionaire Family Members
« Reply #341 on: August 17, 2018, 10:01:55 AM »
I worked in a law office and heard more than one client complain that a couple of the lawyers “must not be very good” because they drove older, somewhat beat up cars. I’ve also heard people say they wouldn’t use a certain realtor because they didn’t drive a nice car.

Loren Ver

  • CM*MW 2023 Attendees
  • Handlebar Stache
  • *
  • Posts: 1223
  • Location: Midwest USA
  • I Retired. Yah!
Re: My Soon-To-Be Millionaire Family Members
« Reply #342 on: August 17, 2018, 05:36:42 PM »
I worked in a law office and heard more than one client complain that a couple of the lawyers “must not be very good” because they drove older, somewhat beat up cars. I’ve also heard people say they wouldn’t use a certain realtor because they didn’t drive a nice car.

If they are (maybe subconsciously) looking for someone that values the same thing as them.  If they value the bling, then this isn't a bad thing.  Much like many of us valuing the opposite.  Driving a beater could mean you can't manage to afford something nicer (or the messy divorce let you with nothing but scrap) but we like to think it is because frugal.... Still another assumption.

LV

Just Joe

  • Walrus Stache
  • *******
  • Posts: 6720
  • Location: In the middle....
  • Teach me something.
Re: My Soon-To-Be Millionaire Family Members
« Reply #343 on: August 20, 2018, 09:11:12 AM »
I want to believe that anyone I hire is reasonably good at what they do and a fair value.

In my universe anyone that is decently talented and thoughtful about their life ought to be able to afford a clean office, decent tools, a reasonable vehicle - and be motivated to maintain at least that standard of equipment and reinvestment into his/her business.  If the guy/gal arrived (in our town) driving a Ferrari my gut feeling was that he was too expensive, heavily into debt or spends 35 seconds with each patient.

Unless I lived in Beverly Hills or Miami Beach - which I definitely don't.

I once worked for an employer who took every nickel they could out of the business. No reinvestment. Did not value the employees. From my POV did not seem to value the customers either beyond the cash flow they represented. The job served me well for the time I worked it but I would never want to do business with them. They by the way are out of business b/c the customers weren't valued either. Turns out that there was alot of spendy pants behavior and a drug addiction involved behind the scenes by the proprietor.

I can appreciate a clean, well kept budget used car/office/wardrobe/equipment. When a business lets their "don't give a flip" show I'm out.
« Last Edit: August 21, 2018, 08:00:47 AM by Just Joe »

Mesmoiselle

  • Bristles
  • ***
  • Posts: 338
  • Location: Kentucky
Re: My Soon-To-Be Millionaire Family Members
« Reply #344 on: August 20, 2018, 09:24:06 PM »
My brother credited me with this great idea two days back.

withdrawing a $500 loan at 7%?? interest to invest in the stock market.

I vehemently denied making such a suggestion, I promise such words would never have come out of my mouth. Told him such, and he just implied I was pissing on his parade.

v-v

ysette9

  • Walrus Stache
  • *******
  • Posts: 8930
  • Age: 2020
  • Location: Bay Area at heart living in the PNW
Re: My Soon-To-Be Millionaire Family Members
« Reply #345 on: August 20, 2018, 10:07:32 PM »
What could possibly go wrong?! All he has to do is hope for long-term average market returns to..... well, tread water once I flatiron is taken into account. Sounds like a winning strategy to me.

Linea_Norway

  • Walrus Stache
  • *******
  • Posts: 8569
  • Location: Norway
Re: My Soon-To-Be Millionaire Family Members
« Reply #346 on: August 21, 2018, 12:03:54 AM »
My brother credited me with this great idea two days back.

withdrawing a $500 loan at 7%?? interest to invest in the stock market.

I vehemently denied making such a suggestion, I promise such words would never have come out of my mouth. Told him such, and he just implied I was pissing on his parade.

v-v

Maybe you once mentioned not paying down your mortgage and investing in the stock market? Your brother might think loan = loan.

talltexan

  • Walrus Stache
  • *******
  • Posts: 5344
Re: My Soon-To-Be Millionaire Family Members
« Reply #347 on: August 21, 2018, 07:42:22 AM »
What is your brother's source for the 7% loan? It's too small to be something like a HELOC, but it's not a great match for the best credit card teaser rates that are out there.

Mesmoiselle

  • Bristles
  • ***
  • Posts: 338
  • Location: Kentucky
Re: My Soon-To-Be Millionaire Family Members
« Reply #348 on: August 21, 2018, 12:01:19 PM »
What is your brother's source for the 7% loan? It's too small to be something like a HELOC, but it's not a great match for the best credit card teaser rates that are out there.

He's gotten into these Apps that reward you for buying things. I actually tried one, Drop, and have gotten two free Starbucks coffees this way while not changing my spending habits at all.  I'll ask him the name of it, but it's some sort of micro loan app that helps you build your credit.  When I told my husband this story, he mentioned that investing the money may be against the TOU of the micro loan.

frugalfoothills

  • Bristles
  • ***
  • Posts: 274
  • Age: 34
    • Bulls, Bears and Beers
Re: My Soon-To-Be Millionaire Family Members
« Reply #349 on: August 22, 2018, 10:38:24 AM »
Y'all, the Millionaires (after being relatively low-key for a while during the office opening, minus the whole Tahoe situation) have blown my mind yet again. I got on Facebook last night and there was a notification that "Millionaire's Chiropractic Office has updated their office hours!" so I went to take a peek. Get a load of this!

Monday: 10am-1pm, 3pm-6pm
Tuesday: 3pm-6pm
Wednesday: 8am-1pm
Thursday: 10am-1pm, 3pm-6pm
Friday: CLOSED
Saturday: CLOSED
Sunday: CLOSED

If you did the math like I did, that is a 20 hour work week. I texted my sister and basically said the fuck is with these office hours!? She explained that sometimes on those (less than) half days, they will be doing "health talks" to try to get new customers to sign up, so technically they'll still be working. They will be "cramming as many people as possible" into small office time slots "so that we aren't working 12 hours a day." Working 12 hours a day!?!?! There's not a day on that schedule that even hits the standard 8!!

I have to think the "Health Talk" time would be better spent in the office treating actual, paying patients, but what do I know.