>the wife

Is this a common saying?
Shouldn't it be >my wife

>>25132274
you fucking chauvinistic pig, she is not your possession

hahahahahahaha

>>25132274
It's supposed to be tongue in cheek
Like, "the dog" or "the kids"

>reddit
no

I think you misunderstand something.

Few people on /g/ build computers for the hell of it.

We build them because they're a low-cost alternative to buying a pre-built computer.

We try to save money, not spend it.

> $15,000 in credit card debt from building 4 PCs
> Not just selling those 4 PCs for $30,000

Confirmed for redd-tarded.

>>25132232
>spending 15k on 4 computers instead of building 1 super computer
sure is pleb

>>25132299
> /g/ is me

>>25132307
He probably fucked up the other three, considered he was retarded enough to live that far beyond his means.

How is "the son" getting "the money" if not from "the poster" and the poster's "the wife"?

tl;dr: dad is to blame for handing out handouts

File: 1338131660195.jpg-(177 KB, 613x1024, IMAG0187.jpg)

>>25132299
I build computers for the hell of it.

I ain poor, it's no big deal.

>>25132299
You're wrong.
At least 80% (statistics based on trufax) of /g/ does it to optimize riceablitiy.

How in the world someone would spend 15k for four computers?

>>25132317
*considering

>>25132318
Credit card companies like to prey on college kids with no concept of money

>>25132299

>Hey guys, should I upgrade to Ivy Bridge from my 2500k?

>>25132328
>would
*could

By spending roughly 3.75k$ on each PC.

>>25132322
Yes, but few people on /g/ aren't poor, and even fewer would spend that extra income building computers for the hell of it. You're one of the select few.

>>25132328
>>25132346
I wager that the "father" is exaggerating the price a bit.

File: 1338131820091.jpg-(126 KB, 500x405, 4428686002_f632b5be11_b..jpg)

So if I understand this right, he got himself his own credit card and bought shit for $15k?

They must be loaded as a family, I seriously have hard time imagining otherwise

also, USAs retarded spending mentality at large

File: 1338131872616.jpg-(20 KB, 329x357, feelsgood.jpg)

>>25132365

>scrounge enough money together to make a new build every 5 years
>see this
I'm only slightly mad

I just make inexpensive computers when I need one I don't care for hardcore gayman machines

>>25132372
probably, there's no way you'd have that high a credit limit unless you had credit history from joint accounts with rich parents.

lol i replied in this thread.

i am princenigeria

>>25132365
This is true /g/ and /k/ are expensive as fuck hobbies.

>>25132408
Nobody gives a shit.

>>25132322
>ram slots not even filled
>not watercooled

sure buddy

>>25132413
Technology is good business. If the kids would get out there and get jobs, they'd have money enough for Japanese sports cars and bitchin computers.

if i would be the dad i would take low interest loan from the bank (without house/property around 6-8% aint cheap but its cheaper than credit card) and then pay of my sons debt, after that i would give him 2 choices either i confiscate everything he has bought sell it and after that work until the difference is paid and we are clear with that or let him keep it and have him pay it off by getting a job.

File: 1338132162499.png-(784 KB, 960x719, jelly fuck.png)

>>25132322
isn't that small fan on chipset loud?
Its like serious flaw imo of otherwise superb board

also, first seasonic platinum I've seen on /g/

>$15,000
>4 PCs
>not building one PC for $15,000

>>25132433
That comes later. Stage 1 cost 3k. I don't like my bank account to dip too low.

File: 1338132211757.png-(179 KB, 1063x597, Screenshot_3.png)

>>25132408

>>25132432
thank you for your attention

>>25132462
I don't really hear it over the H100 (push/pull)

I'm going to WC it later. I am just waiting for some invoices to get paid. As I said earlier, I don't like my bank account to dip too low.

I'm self employed, so I typically keep about a month's worth of funding on hand in case I have a bad month.

>>25132318
Are you retarded? He clearly explains that his son has credit card debt. He didn't give his son any handouts.

I can't image what you get for 15K.

I'd sooner use that money for a nice FTTH connection.

>>25132480

>implying

>>25132232
Why are YOU on reddit and crossposing this shit here? The pretentious, inane replies there weren't enough? And why aren't you being accused of being a faggot?

>>25132539
shut up faggot

>>25132299
you're half right. alot of us (myself included) do build computers and buy tech "for the hell of it" (is there really any other reason to do anything? but that's a separate issue), we just make sure we are getting out monies worth. most of us fund this with out own cash no matter how limited. this is in contrast to 14 year old ricers who buy 5k alienware rigs ala OP. personally I think spending more than $1000 is approaching retardation, and most people would be fine with $400-$800 rigs if the parts were chosen well.

>>25132563
I'm not even talking you dumb cunt.

>>25132293
>>25132293

This.

>mfw the son comes out ahead after he sells those computers for a shitload of profit.

>>25132622
this people are pretty retarded

>>25132413
not really. you can go out an buy a $50 computer off CL and still participate in 90% of what /g/ does. with gun's you're looking at atleast a few hundred and alot of people on /k/ have more than one (then again alot of people on /g/ have more computers/power than they actually need too. I would say the most expensive board is /o/.

>>25132617
>>25132293
I don't get it :[

That kid is a dumbass. Stupid people like him get people like me great bonus incentives. The last 4 credit cards I opened up gave me $1500 in rewards. I paid $0 in interest. So I say thank you stupid kid.

>>25132738
what cards are these and how do I get these rewards?

>>25132760
You have to actually spend money. What the poster left out was how much money he spent via those cards to receive the rewards.

File: 1338133386513.jpg-(58 KB, 671x344, Jaime-Cersei-game-of-thrones-1(...).jpg)

>>25132738
stupid loaded parents,
seriously, what would your parents do if you ever do that. And more importantly, Why we don't even think about doing that...

>$15k on 4PCs, not on 15-26 PCs.

Why the fuck would you pay off your kid's credit card debt if he's over 18 and it's HIS credit card? Why? That makes zero sense.

>>25132799
how old are you retard?

my parents pays all my living and college expenses and I am over 20

>>25132406
If you really think that, you don't know much about the industry. I got a total of about $90000 in credit cards a few years ago with no help from another person's credit.

>>25132787
Yeah, I was also hoping he knew of some deals similar to the one amazon does where they give you a 30 dollar gift card if you sign up for their credit card. My brother even got a 50 dollar gift card from them - I guess because he already had an account and bought lots of shit from them or something. Comes in handy when you're buying electronics

>>25132760

I did the Barclays NFL Card for $200 reward after initial purchase (I bought a pack of gum). Reward was redeemable only as cash off of bill. Either buy something worth $200 or cash it out as Amazon Gift Cards.

Chase Freedom was $300 after spending $500 in 3 months. I received a $300 check in the mail.

I did Southwest Card with Rapid Rewards for initial bonus of 50k points that at the time were redeemable for $625 worth of Amazon Gift cards. (Card carries a yearly $69 fee, 50k points translates to $500 in gift cards outside of the November sale). $69 fee is applied after first month, will cancel before next year.

My 4th card was actually a different variation of the Southwest card above with same rewards.

I usually just watch the Slickdeals finance forums for card deals.

http://slickdeals.net/forums/forumdisplay.php?f=9&intagid[]=277

I knew a guy at uni (admittedly about 15 years ago) who managed to rack up £25 000 of debt on his cards. He would take out new cards to pay off the old cards and his credit rating kept on going up as he was borrowing more and paying back the minimum on time (admittedly with new cards). He managed to rack up these debts because he was a lazy little fuck and would buy new clothes rather than wash them and get takeaway every night, as well as spending a fortune upgrading his Pentium 2 to a brand-new Athlon 550MHz

Little cunt left in the night finally leaving me with a £700 phone bill for dial-up internet charges.

>>25132799
bad_parenting

(did you know that without the _ 4chan thinks it's spam?

>>25132826
you should get a job

>>25132799

As a parent you're obligated to provide your children with unconditional love and financial support. Indefinitely.

>>25132884
fuck, and I just bought PC parts too. Those all would've come in handy. Are they all still active deals?

>dad goes to reddit
>son is a retard
I DIDN'T SEE THIS COMING!

>>25132832
I meant at that age. It's not hard to garner credit history, it just takes time.

>>25132921
I was 19 at the time.

>>25132942
Then how did you manage to do it?

>>25132954
I used my brain. The banks and bankers are as stupid as your average pleb. I didn't bother paying them back. In 2-3 more years it will all disappear from my credit history and I will start fresh.

>>25132910

I think the NFL card and the Southwest ones are still going. Chase Freedom fluctuates between $200-$350 year round. I think it is at $200 again.

I'd do more, but I don't try to get many hard hits on my credit (they drop them after 2 years) right now (will affect my car loan rate).

>>25132884
Good stuff man, haven't racked up that much but I did get $200 for opening a savings account and depositing 5 cents.

>>25132406
Nope, when I was 18 I had no assets and no fucking job and I was offered a 8k limit

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>>25132892
>you should get a job
Why?
We are not exactly rich but we are comfortable, so its not like my education is draining the family. We also dont live in USA where family has to save whole their life for their children schools.

If I would get it, I would spend 8hours in high-school level job instead in class to pay barely for living expenses? No thanks.

>>25133031
who the hell is that

>>25132992

I know checking accounts hit you with a 1099 in the U.S. at the end of the year, I'd assume your savings will too as it is interest. With credit card offers you don't get a 1099 and don't have to pay anything else on your taxes (assuming you are in the U.S.).

I wonder if we could generate enough profit from opening a merchant account only to help people scam credit card companies who have such retarded bonuses. Need to spend $600 to get $200 gift cards? No problem. You come to us, do your "purchase" for $600+5% (fee), get your $600 back and also get your $200. Profit of $170 for the credit card holder. Profit of $30 for us.

 testing in a shitposting thread

>>25133089
How's that a retarded bonus? It's called a loss leader. The idea is that you stick with with the card company afterwards because you're too lazy to switch, or don't want your credit rating to look like "Oh shit, he's applying for everything! He must need money BADLY!" Yeah some people play the game, but not enough for them to care.

All this banking kerfuffle in the past few years was nothing to do with banks offering loss leaders to consumers.

>>25133101
no u

File: 1338134817097.jpg-(663 KB, 2592x1936, bitcoins.jpg)

>bitminer's parents

>>25133089
>>25133131
Oh, and a $200 gift card doesn't cost the cc company $200. Duh.

>>25133150
Wheres that from, Id love to read that thread

>>25133159
See how much of a loss leader it is when a business like the one suggested in >>25133089 is started. Those deals will disappear very quickly.

>>25132984
wait, how will doing these negatively impact your credit, assuming you pay everything off on time as you should?

>>25132337
>someone is dumb enough to spend money they will never had
baawwww its someone elses fault!

>>25133150
is bitcoing mining actually profitable? I'd imagine the huge electric bill essentially cancels out any money made.

>>25133211
It used to be, doubt it is anymore.

>>25133192
Which is why they've lasted a while, right? Yeah, I'm sure the 0.0001% of people who play the game are really going to make the deals disappear.

You have to keep in mind that fee-free credit cards are a loss leader in themselves. The transaction fee isn't much (especially if you don't spend a lot on the card), they're gambling that you'll make maybe one or two late payments in the lifetime of the card and have to pay a fee/interest. The same logic can be extended to giving bonuses.

>>25133211
when it used to be like $20-30 for bitcoin it was,

now its like $5 or something

>>25132232
Pay it off for him and charge him $15,000.

Holy shit, that kid has to be mentally unstable.

I'm signing up for that NFL card right now. I'd like to review *exactly* what I should do. When the card arrives, I just buy anything no matter how cheap and then I get 200 bucks? How does that work? do I just use the card to buy whatever and 200 bucks instantly gets taken off the top? Just trying to be absolutely sure before I do this. I feel there must be a catch somewhere.

>>25133196

It is sort of complicated. When you apply for cards most do a "hard pull" of your records. This is recorded and others can see this. Most hard pulls are there for 2 years from when they were initiated. A bunch of hard pulls isn't good. I don't know the figure, but I'd assume over 10 is not recommended.

If you have an established credit history already these new cards will lower your average credit age as they are brand new. The longer (revolving, not closed accounts/loans!) credit age you have the better.

New cards help those with little to no credit history as it gives them revolving credit and new accounts can lower your credit/debt ratio. I keep my credit to debt ratio below 10% at all times.

Holding a balance on a card does not build credit, paying your bill in full is best as you won't get charged any interest.

That's the basics.

>>25133376

http://slickdeals.net/f/3907678-200-statement-credit-after-1st-use-NFL-Extra-Points-Visa-card

This thread

>>25133464
thanks kindly.

Gonna do that and get the 30 dollar amazon visa gift card as well.

The parents and son are to blame.

All three are adults and all three should be more intelligent than this.

A. Don't lend unlimited money to people with no contract
B. Don't borrow money when you have no income
C. Don't spend $15,000 on computers

the kid should just default on the cards. he'll have access to credit again when hes 24 and will have a good enough score to buy a house at around 30.

its the credit card companies fault for preying on children. you can't drink a beer but you can sign yourself into slavery? fuck this country.

Do I need to wait for the nfl card to arrive in the mail or is it possible to use it instantly somehow?

>>25133791

I did this too. I had to activate it when it arrived. I used it to buy gas and when I got my statement balance I had the "points" there. Used the points after buying something for $200.

>>25133735
>its the credit card companies fault for preying on children

He's an adult by law and I hope mentally capable of managing finances. The bank definitely shouldn't have lent him $15,000 though, that was pretty reckless move.

I'm 18 myself and this story is amazing to me.

I know that I'm in a slightly different situation to others, my parents basically gave me nothing in an attempt to teach me the value of money, I'm grateful for it now.

But even the most spoiled of children should know better than this by the age of 18.

File: 1338138036114.jpg-(31 KB, 500x500, 1337553882255.jpg)

>$150000
>4 PCs
wat
were they Mac Pros or something?

>>25133982
you've got an extra zero in there or something

defaulting is the go to move. it's unsecured debt the banks can't do anything about it accept give him a bad grade on his report card that he can fix in time to get a mortgage.

>>25134199

sockpuppet malfunction

>>25134228

what the fuck did anyone else see that?

>>25134242
archived here...
https://archive.installgentoo.net/g/post/25134199

what the fuck

>>25132678
Well, this is why dirty brown mexicans belong on the streets, and not on the 4chan.

>>25133211

Buttcoin mining is a scam. It was profitable for like the first 50 people who got in on it, but now the 'un-found' bitcoins take so much more work to mine that you couldn't even pay for the power you used to mine them.

File: 1338139390994.jpg-(58 KB, 406x405, 1326820242817.jpg)

>18 year old son racked up $15k in credit card debt
How does your son even have access to $15k of credit? That's a crazy amount for a 18 year old.

I'm going to blame the parents on this one, not teaching their kid fiscal responsibility.

>>25134345
You forget the reason for buttcoins is not to make a profit but rather to create an anonymous currency. They have definitely served their intended purpose it's just that a few people took advantage of their initial scarcity to make a huge profit off of them.

>>25134382
I managed to get in over $10,000 dollars in debt when I was 18, didn't even have my own credit cards. My parents tried to teach me the value of money by never lending me money or buying me anything, got fuck all for an allowance. No idea why people think the way to teach people how to manage money is "don't let them near it".

>>25132288
>wife
>not a possession
There is a reason why there is such thing as "trophy wife", stay mad liberal feminist scum.

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>>25134444
Getting a loan from your parents is not the same as a credit line. I'm not sure why I think I should need to explain why 15k credit line is crazy big for someone with NO INCOME. There's no way he got that credit line on his own, his rich father must be part of the contract for that.

Meanwhile when I was 18 I had about 9.5k in the bank that I had saved from my jobs.

The idea isn't to keep your kid from touching money, it's to have them get a FUCKING JOB and earn and use their money like an adult.

>>25134522
I don't understand what you're trying to explain.

I blame the bank, the parents, the kid and American society.

>>25134444
How did you even get into that much debt? Did you buy something substantial or were you just completely retarded?