How much money did you lose last year and why?

[Breakfall]

I lost just over AU $330,000 to a bad investment with family. A joint property investment with wholesome intentions until COVID-19 lost their jobs and they got desperate. Long story short, we invested and they used the pandemic to hassle on without their fair share. Very loathsome to take it to court because of the current economic climate, but fucking irate as all fuck. Closed down an entire business to reflect and recoup in the interim. I am now renting again for who knows how long. Moral of the story: don’t ever get into business with family or friends.

 

[Breakfall]

 

[Adam Hitler]

I don't even want to think about it. If I didn't have other sources of income, I'd probably be either homeless, on Freud's couch or back home living with my ma right now.

What's going on with the lockdowns in 'Stralia? They're not ruling out that restrictions could still be in effect during the summer over here.

Fucking jokes, man.

 

[Breakfall]

I don't even want to think about it. If I didn't have other sources of income, I'd probably be either homeless, on Freud's couch or back home living with my ma right now.

What's going on with the lockdowns in 'Stralia? They're not ruling out that restrictions could still be in effect during the summer over here.

Fucking jokes, man.

Man...for the first time in a while I started working for someone else. I have money stashed, but I was unsure of the turn of events. Never in my life have I had more than three weeks off working...I had three months! It started out just saying to the missus..”fuck it...I need to work again!” I used to be an awesome surfboard manufacturer. I did labels with Rusty, Al Merrick, Lost/mayhem, you name it. I got financially fucked over. I put out my card after 10 years hiatus of the surfboard industry and I was snapped up within 10 minutes. I turned my back on an entire industry for 10 years and people are going stupid that I’m back in the game. I mean, I’m humbled, but I still feel that my legacy should’ve remained elusive. You guys never knew this.
Australia is not too bad, but raw materials are hard to come by because of restrictions. Chemicals, solvents...fucking basic commodities. It’s all up the shit-can! I just chill and listen to country music of late. What does one really do?

 

[Dove]

We are very lucky the pandemic didnt disrupt any of our income. In fact my husband has been working more.

I have some friends who were hit pretty hard. One is a family who relied on the husbands small business. He runs lines and shit like that.....they were doing really well, bought a house they are struggling to afford now and the wife has siezures and they dont know why.

Its picking back up for them though, thankfully. They had to go through all their savings and they are pretty devastated by that.

Seeing what so many people are dealing with really freaked me out, though. It made me very motivated to avoid debt.

 

[Breakfall]

We are very lucky the pandemic didnt disrupt any of our income. In fact my husband has been working more.

I have some friends who were hit pretty hard. One is a family who relied on the husbands small business. He runs lines and shit like that.....they were doing really well, bought a house they are struggling to afford now and the wife has siezures and they dont know why.

Its picking back up for them though, thankfully. They had to go through all their savings and they are pretty devastated by that.

Seeing what so many people are dealing with really freaked me out, though. It made me very motivated to avoid debt.

I used to be in serious debt. But together with your man you can make it work. I don’t want to come across as a fuckhead. But I am a millionaire.

 

[Breakfall]

Question: why work for someone else as a millionaire?

 

[Breakfall]

Because, it’s another millionaire that knows my recent grivience!

 

[Dove]

We are very lucky the pandemic didnt disrupt any of our income. In fact my husband has been working more.

I have some friends who were hit pretty hard. One is a family who relied on the husbands small business. He runs lines and shit like that.....they were doing really well, bought a house they are struggling to afford now and the wife has siezures and they dont know why.

Its picking back up for them though, thankfully. They had to go through all their savings and they are pretty devastated by that.

Seeing what so many people are dealing with really freaked me out, though. It made me very motivated to avoid debt.

I used to be in serious debt. But together with your man you can make it work. I don’t want to come across as a fuckhead. But I am a millionaire.

My credit was awful from a bad marriage and my own drug issues. It took me years to repair it and I live below my means to save. And the goal was to buy a house.

However, my mother was in a really bad situation and she cant manage herself so I'm taking care of her. She had bought this old mobile home and was trying to live in it as is.

So we are renovating it, plopping it on land and keeping it. No mortgage, and no debt. (Aside from land but that can be paid fast).

If it were up to me I would do the Schoolie thing and build a tiny house in a school bus but the only other one who wants to do that is my 4 year old lol.

I really want to be in a situation where if we lost all our income or the whole economy crashed or whatever it would not interfer with us too much. A bunch of people have done this and none of them regret it.

And I don't want to be a debt slave. Being a millionaire? Meh....I'd do exactly what I'm doing now and just help the outreach I went through or start one.

 

[Oerdin]

We did have one bitch not pay her rent for six months. We eventually got her out.

 

[Joe]

I lost just over AU $330,000 to a bad investment with family. A joint property investment with wholesome intentions until COVID-19 lost their jobs and they got desperate. Long story short, we invested and they used the pandemic to hassle on without their fair share. Very loathsome to take it to court because of the current economic climate, but fucking irate as all fuck. Closed down an entire business to reflect and recoup in the interim. I am now renting again for who knows how long. Moral of the story: don’t ever get into business with family or friends.

...couldn't agree with you more.

Only in mine, there are certain members who'd cut your throat to get theirs.

I thought I could trust them in the past, but never works out that way.

Reason it doesn't there's always a huge pecking order and a great deal of jealousy, rivarly & favoritism.

Point well-taken.

Never swin across the Devil's Lke, Never Make the Same Mistake.

 

[Dove]

We did have one bitch not pay her rent for six months. We eventually got her out.

To my understanding, there are eviction protections were people cannot get evicted.

But I wonder.....does that grace also extend to the landlord's or do they just get fucked?

I know my friends I just talked about got a break on the mortgage but they were still in a pretty tough spot.

 

[Biggie Smiles]

I'd say I lost about 50K in the market.

This year I'm already taking a hit on the NAKD investment at 1.84 a share. Looking at close to 20 on those loses and the year is only just getting started

 

[Joe]

I'd say I lost about 50K in the market.

This year I'm already taking a hit on the NAKD investment at 1.84 a share. Looking at close to 20 on those loses and the year is only just getting started

Did you buy high before the market tanked, Bigly?

 

[Biggie Smiles]

I'd say I lost about 50K in the market.

This year I'm already taking a hit on the NAKD investment at 1.84 a share. Looking at close to 20 on those loses and the year is only just getting started

Did you buy high before the market tanked, Bigly?

No. These were purchases made in 2018. Long before the COVID hysteria

 

[Krieg]

None. I pay my Mortgage and my bills, excellent credit rating. My occupation is guaranteed.

 

[Joe]

I'd say I lost about 50K in the market.

This year I'm already taking a hit on the NAKD investment at 1.84 a share. Looking at close to 20 on those loses and the year is only just getting started

Did you buy high before the market tanked, Bigly?

No. These were purchases made in 2018. Long before the COVID hysteria

What I've noticed in today's stock market is that the old rules don't seem to apply anymore.
In other words investing for the long term is less applicable than it used to be.
It's more like a 'Hit and run' mentality now.
Make your money while the going is good and get the hell out, then come back on another day to re-invest.

Seems like a highly volatile market which could crash on any given day.

Long term? Somehow I don't think so in today's market.

 

[Biggie Smiles]

I'd say I lost about 50K in the market.

This year I'm already taking a hit on the NAKD investment at 1.84 a share. Looking at close to 20 on those loses and the year is only just getting started

Did you buy high before the market tanked, Bigly?

No. These were purchases made in 2018. Long before the COVID hysteria

What I've noticed in today's stock market is that the old rules don't seem to apply anymore.
In other words investing for the long term is less applicable than it used to be.
It's more like a 'Hit and run' mentality now.
Make your money while the going is good and get the hell out, then come back on another day to re-invest.

Seems like a highly volatile market which could crash on any given day.

Long term? Somehow I don't think so in today's market.

Technicals mean nothing. It's a fucking casino out there right now

 

[Seamajor]

Not a dime.

 

[Joe]

And I don't want to be a debt slave. Being a millionaire? Meh....I'd do exactly what I'm doing now and just help the outreach I went through or start one.

One of my relatives became a millionaire but came at a high cost.

He died relatively young worth several million dollars.

However, his widow and relatives got to enjoy his wealth long after he was gone.

People who chase wealth and attain it often don't live long because there's so much stress in trying to hang on to that much money.

Ironcially, it's their benefactors who get to enjoy it.

ie - Steve Jobs a case in point. His wife and kids are enjoying the life while he's in the afterlife

Nothing wrong with chasing the buck, but there has to be a balance in one's life.

 

[Oerdin]

We did have one bitch not pay her rent for six months. We eventually got her out.

To my understanding, there are eviction protections were people cannot get evicted.

But I wonder.....does that grace also extend to the landlord's or do they just get fucked?

I know my friends I just talked about got a break on the mortgage but they were still in a pretty tough spot.

No protections for landlords. She owed us $18,000 before counting the late fees or legal costs. She simply stopped paying, her job was never effected, the lease was supposed to be for just her and her daughter and specifically said no sublease was allowed, she had her boyfriend move in with her, the daughter's boy friend, and illegally rented out the third bedroom. Oh, and the lease said no pets but she had two dogs. She kept the rent money from the other person but never paid us a penny. She also lawyered up so she wasn't broke.

She agreed to vacate and pay just $2000 of the $18,000 she owed us (not counting many things we legally could add if we wanted to). She did leave but refused to pay the $2000. She took all the money she saved and bought a one bedroom apartment with her boyfriend. I am now in the process of suing her for all the unpaid rent, late fees, legal fees, and what ever else the lawyer says can legally be added on.

 

[Scrawny The Ghost]

I don't consider spending money on drugs to be losing despite what the FBI thinks.

 

[Dove]

And I don't want to be a debt slave. Being a millionaire? Meh....I'd do exactly what I'm doing now and just help the outreach I went through or start one.

One of my relatives became a millionaire but came at a high cost.

He died relatively young worth several million dollars.

However, his widow and relatives got to enjoy his wealth long after he was gone.

People who chase wealth and attain it often don't live long because there's so much stress in tring to hang on to that much money.

Ironcially, it's their benefactors who get to enjoy it.

ie - Steve Jobs a case in point. His wife and kids are enjoying the life while he's in the afterlife

Pursuing wealth just seems to make people miserable.

My husbands step dad makes a lot of money and works all the time and he openly says he hates it. He just works to pay for the stuff he bought. And since he always works(he goes on long business trips to Paris a lot) he doesnt really get to enjoy it.

My middle daughter is very passionate about cooking and baking (and shes very good at it) and she wants to go into culinary and we have family members who try to discourage her. Its ridiculous.

I want my kids to do what they love doing and I support them in that even if it's not something theyll make a lot of money in. I see people who make a lot of money and hate their job.....it just looks like a miserable waste of life.

 

[Dove]

We did have one bitch not pay her rent for six months. We eventually got her out.

To my understanding, there are eviction protections were people cannot get evicted.

But I wonder.....does that grace also extend to the landlord's or do they just get fucked?

I know my friends I just talked about got a break on the mortgage but they were still in a pretty tough spot.

No protections for landlords. She owed us $18,000 before counting the late fees or legal costs. She simply stopped paying, her job was never effected, the lease was supposed to be for just her and her daughter and specifically said no sublease was allowed, she had her boyfriend move in with her, the daughter's boy friend, and illegally rented out the third bedroom. Oh, and the lease said no pets but she had two dogs. She kept the rent money from the other person but never paid us a penny. She also lawyered up so she wasn't broke.

She agreed to vacate and pay just $2000 of the $18,000 she owed us (not counting many things we legally could add if we wanted to). She did leave but refused to pay the $2000. She took all the money she saved and bought a one bedroom apartment with her boyfriend. I am now in the process of suing her for all the unpaid rent, late fees, legal fees, and what ever else the lawyer says can legally be added on.

Holy shit......what an entitled brat.

You really should sue her. There are so many people who did lose their jobs or their businesses and genuinely need help from circumstances beyond their control. People who take advantage of a crisis and screw someone right now are absolute scum bags. I mean they are scum anyway.....but pulling that now is worse.

That really sucks, O.

 

[LotusBud]

We are very lucky the pandemic didnt disrupt any of our income. In fact my husband has been working more.

I have some friends who were hit pretty hard. One is a family who relied on the husbands small business. He runs lines and shit like that.....they were doing really well, bought a house they are struggling to afford now and the wife has siezures and they dont know why.

Its picking back up for them though, thankfully. They had to go through all their savings and they are pretty devastated by that.

Seeing what so many people are dealing with really freaked me out, though. It made me very motivated to avoid debt.

I used to be in serious debt. But together with your man you can make it work. I don’t want to come across as a fuckhead. But I am a millionaire.

And I don't want to be a debt slave. Being a millionaire? Meh....I'd do exactly what I'm doing now and just help the outreach I went through or start one.

One of my relatives became a millionaire but came at a high cost.

He died relatively young worth several million dollars.

However, his widow and relatives got to enjoy his wealth long after he was gone.

People who chase wealth and attain it often don't live long because there's so much stress in trying to hang on to that much money.

Ironcially, it's their benefactors who get to enjoy it.

ie - Steve Jobs a case in point. His wife and kids are enjoying the life while he's in the afterlife

Nothing wrong with chasing the buck, but there has to be a balance in one's life.

It's also a fact that a lot of people who chase wealth are pricks, so they don't enjoy life on that level either.

I would rather be comfortably poor (you know, with a roof and enough to eat, and heat) and contented than running myself to ground in an effort to amass wealth. What is the point of it, anyway? To make other people jealous? To show people you're better than them? To own as much stuff as possible? That's just stupid.

 

[Seamajor]

We are very lucky the pandemic didnt disrupt any of our income. In fact my husband has been working more.

I have some friends who were hit pretty hard. One is a family who relied on the husbands small business. He runs lines and shit like that.....they were doing really well, bought a house they are struggling to afford now and the wife has siezures and they dont know why.

Its picking back up for them though, thankfully. They had to go through all their savings and they are pretty devastated by that.

Seeing what so many people are dealing with really freaked me out, though. It made me very motivated to avoid debt.

I used to be in serious debt. But together with your man you can make it work. I don’t want to come across as a fuckhead. But I am a millionaire.

And I don't want to be a debt slave. Being a millionaire? Meh....I'd do exactly what I'm doing now and just help the outreach I went through or start one.

One of my relatives became a millionaire but came at a high cost.

He died relatively young worth several million dollars.

However, his widow and relatives got to enjoy his wealth long after he was gone.

People who chase wealth and attain it often don't live long because there's so much stress in trying to hang on to that much money.

Ironcially, it's their benefactors who get to enjoy it.

ie - Steve Jobs a case in point. His wife and kids are enjoying the life while he's in the afterlife

Nothing wrong with chasing the buck, but there has to be a balance in one's life.

It's also a fact that a lot of people who chase wealth are pricks, so they don't enjoy life on that level either.

I would rather be comfortably poor (you know, with a roof and enough to eat, and heat) and contented than running myself to ground in an effort to amass wealth. What is the point of it, anyway? To make other people jealous? To show people you're better than them? To own as much stuff as possible? That's just stupid.

Honest post. Best to chase the $$$$$ when youre younger.

 

[Joe]

We are very lucky the pandemic didnt disrupt any of our income. In fact my husband has been working more.

I have some friends who were hit pretty hard. One is a family who relied on the husbands small business. He runs lines and shit like that.....they were doing really well, bought a house they are struggling to afford now and the wife has siezures and they dont know why.

Its picking back up for them though, thankfully. They had to go through all their savings and they are pretty devastated by that.

Seeing what so many people are dealing with really freaked me out, though. It made me very motivated to avoid debt.

I used to be in serious debt. But together with your man you can make it work. I don’t want to come across as a fuckhead. But I am a millionaire.

And I don't want to be a debt slave. Being a millionaire? Meh....I'd do exactly what I'm doing now and just help the outreach I went through or start one.

One of my relatives became a millionaire but came at a high cost.

He died relatively young worth several million dollars.

However, his widow and relatives got to enjoy his wealth long after he was gone.

People who chase wealth and attain it often don't live long because there's so much stress in trying to hang on to that much money.

Ironcially, it's their benefactors who get to enjoy it.

ie - Steve Jobs a case in point. His wife and kids are enjoying the life while he's in the afterlife

Nothing wrong with chasing the buck, but there has to be a balance in one's life.

It's also a fact that a lot of people who chase wealth are pricks, so they don't enjoy life on that level either.

I would rather be comfortably poor (you know, with a roof and enough to eat, and heat) and contented than running myself to ground in an effort to amass wealth. What is the point of it, anyway? To make other people jealous? To show people you're better than them? To own as much stuff as possible? That's just stupid.

There's nothing wrong with chasing money nor having a lot of it.

There are many people who have lots and quite happy.

They have good relationships with others and appear to be quite happy.

I don't begrudge anyone merely for being rich.

More pertinent is the OP's message about making the mistake of trusting those you thought you could, and then getting shortchanged or burned.

I've had that happpen to me in my own family. How certain members promise you something and falsely state that there's something in it for you if you follow and obey them. But of course, they have their agenda. And as the OP pointed out they make mistakes which end up costing you.

These people all think it's fine and dandy to shortchange you like that and you'll forgive them because you're family, but in reality it just strains family relations, and if you get burned by them, you just say "Aw fuck. The next time I'm not gonna bother with you or lend you my financial or moral support in any way."

And of course, it just results in you seeing much less with them and having any a meaningful relationship with them. They're just there, and they became your rivals rather than confidants or friends. And you don't end up revealing your plans to them for fear that they'll screw you over again.

So with relatives or family members like that may as well seek friendship or comfort somewhere else.Heck get a dog. You can trust them more.

 

[Seamajor]

Message is Joe. Trust no one. Like I wouldn’t invest in anything I couldnt touch.

 

[Breakfall]

We are very lucky the pandemic didnt disrupt any of our income. In fact my husband has been working more.

I have some friends who were hit pretty hard. One is a family who relied on the husbands small business. He runs lines and shit like that.....they were doing really well, bought a house they are struggling to afford now and the wife has siezures and they dont know why.

Its picking back up for them though, thankfully. They had to go through all their savings and they are pretty devastated by that.

Seeing what so many people are dealing with really freaked me out, though. It made me very motivated to avoid debt.

I used to be in serious debt. But together with your man you can make it work. I don’t want to come across as a fuckhead. But I am a millionaire.

And I don't want to be a debt slave. Being a millionaire? Meh....I'd do exactly what I'm doing now and just help the outreach I went through or start one.

One of my relatives became a millionaire but came at a high cost.

He died relatively young worth several million dollars.

However, his widow and relatives got to enjoy his wealth long after he was gone.

People who chase wealth and attain it often don't live long because there's so much stress in trying to hang on to that much money.

Ironcially, it's their benefactors who get to enjoy it.

ie - Steve Jobs a case in point. His wife and kids are enjoying the life while he's in the afterlife

Nothing wrong with chasing the buck, but there has to be a balance in one's life.

It's also a fact that a lot of people who chase wealth are pricks, so they don't enjoy life on that level either.

I would rather be comfortably poor (you know, with a roof and enough to eat, and heat) and contented than running myself to ground in an effort to amass wealth. What is the point of it, anyway? To make other people jealous? To show people you're better than them? To own as much stuff as possible? That's just stupid.

See..that’s what I like about you girl. You have a good head on your shoulders. Besides all the politics and stupid stuff, you are the kind of woman that a man knows will keep him alive.

 

[LotusBud]

I'd say I lost about 50K in the market.

This year I'm already taking a hit on the NAKD investment at 1.84 a share. Looking at close to 20 on those loses and the year is only just getting started

Did you buy high before the market tanked, Bigly?

We are very lucky the pandemic didnt disrupt any of our income. In fact my husband has been working more.

I have some friends who were hit pretty hard. One is a family who relied on the husbands small business. He runs lines and shit like that.....they were doing really well, bought a house they are struggling to afford now and the wife has siezures and they dont know why.

Its picking back up for them though, thankfully. They had to go through all their savings and they are pretty devastated by that.

Seeing what so many people are dealing with really freaked me out, though. It made me very motivated to avoid debt.

I used to be in serious debt. But together with your man you can make it work. I don’t want to come across as a fuckhead. But I am a millionaire.

And I don't want to be a debt slave. Being a millionaire? Meh....I'd do exactly what I'm doing now and just help the outreach I went through or start one.

One of my relatives became a millionaire but came at a high cost.

He died relatively young worth several million dollars.

However, his widow and relatives got to enjoy his wealth long after he was gone.

People who chase wealth and attain it often don't live long because there's so much stress in trying to hang on to that much money.

Ironcially, it's their benefactors who get to enjoy it.

ie - Steve Jobs a case in point. His wife and kids are enjoying the life while he's in the afterlife

Nothing wrong with chasing the buck, but there has to be a balance in one's life.

It's also a fact that a lot of people who chase wealth are pricks, so they don't enjoy life on that level either.

I would rather be comfortably poor (you know, with a roof and enough to eat, and heat) and contented than running myself to ground in an effort to amass wealth. What is the point of it, anyway? To make other people jealous? To show people you're better than them? To own as much stuff as possible? That's just stupid.

See..that’s what I like about you girl. You have a good head on your shoulders. Besides all the politics and stupid stuff, you are the kind of woman that a man knows will keep him alive.

My kids know it, too.