Struggling financially and getting frustrated? | Page 7 | GTAMotorcycle.com

Struggling financially and getting frustrated?

When I was younger, I dated a lot of Asian women.

A common pattern I noticed was:
  • They were studying a questionable degree (if in university or college at all)
  • They wanted to be taken care of
  • They had zero sense of money management
    • One particular women comes to mind. She said "a man should let me handle the money so I can buy us nice things."
  • Some felt they were actually entitled to marry a man that'd take care of them and they could just sit at home
  • Having expensive brand name **** mattered to them
This was kinda infuriating tbh. It got a bit worse later in life because I realized the trend wasn't specific to Asian women, it was applicable to every ethnicity.

Later on, I found myself failing my first degree and getting into credit card debt and this was probably one of the best things that happened to me. I ended up reading a bunch of books on investing and money management. Within a year, the CC debt was gone. Then started working on a software dev degree and reminded myself of my failure everyday for the first 2 years. I'd wake up every morning, look at myself in the mirror, and tell myself I'm a failure; succeed or die. Within the first year, I landed a job at a really popular open-source browser dev group.

Then I looked at the average household income in Toronto, Ontario, and Canada. I could easily beat those $s as a software developer, but you know what'd be better? Find a girl that was equal or smarter than me with strong pragmatic traits so we wouldn't just beat those numbers, we'd actually skew the numbers up. I ended up creating a set of interview questions, spent 4 months on "dates" interviewing women, and found my fiancee later.

Remember those investment books I mentioned? Everything I learned, from both failures and reading, came into play now. It's been 5 years. She is amazing at saving money, but very bad at what to do with the **** tons of cash she sat on; we've doubled it now.

Point of this story aside from showboating and bragging? Life sucks, for everyone. Survey your situation, take stock of what is actually possible, figure out what it is that you don't know, and do something about it.....I notice most don't actually do this regardless of age or ethnicity.

I've also told this story to fellow junior developers. Many of them end up reading about investing immediately after; teach a man to fish and they'll never be hungry! Sometimes, they might even teach you a new trick or two as well!

P.S. It's worth noting some of those "marry rich" women did actually marry rich. But for the vast majority that failed, I'm psychopathically enjoying their Facebook rants about how it's so hard to find a decent guy =)
 
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When I was younger, I dated a lot of Asian women.

A common pattern I noticed was:
  • They were studying a questionable degree (if in university or college at all)
  • They wanted to be taken care of
  • They had zero sense of money management
    • One particular women comes to mind. She said "a man should let me handle the money so I can buy us nice things."
  • Some felt they were actually entitled to marry a man that'd take care of them and they could just sit at home
  • Having expensive brand name **** mattered to them
This was kinda infuriating tbh. It got a bit worse later in life because I realized the trend wasn't specific to Asian women, it was applicable to every ethnicity.

Later on, I found myself failing my first degree and getting into credit card debt and this was probably one of the best things that happened to me. I ended up reading a bunch of books on investing and money management. Within a year, the CC debt was gone. Then started working on a software dev degree and reminded myself of my failure everyday for the first 2 years. I'd wake up every morning, look at myself in the mirror, and tell myself I'm a failure; succeed or die. Within the first year, I landed a job at a really popular open-source browser dev group.

Then I looked at the average household income in Toronto, Ontario, and Canada. I could easily beat those $s as a software developer, but you know what'd be better? Find a girl that was equal or smarter than me with strong pragmatic traits so we wouldn't just beat those numbers, we'd actually skew the numbers up. I ended up creating a set of interview questions, spent 4 months on "dates" interviewing women, and found my fiancee later.

Remember those investment books I mentioned? Everything I learned, from both failures and reading, came into play now. It's been 5 years. She is amazing at saving money, but very bad at what to do with the **** tons of cash she sat on; we've doubled it now.

Point of this story aside from showboating and bragging? Life sucks, for everyone. Survey your situation, take stock of what is actually possible, figure out what it is that you don't know, and do something about it.....I notice most don't actually do this regardless of age or ethnicity.

I've also told this story to fellow junior developers. Many of them end up reading about investing immediately after; teach a man to fish and they'll never be hungry! Sometimes, they might even teach you a new trick or two as well!

P.S. It's worth noting some of those "marry rich" women did actually marry rich. But for the vast majority that failed, I'm psychopathically enjoying their Facebook rants about how it's so hard to find a decent guy =)


This is why I married a mangiacake

Aint got no time for the BS games you have to deal with indians and their families.
 
This is why I married a mangiacake

Aint got no time for the BS games you have to deal with indians and their families.

Forgive my ignorance, what's a mangiacake? lol

My fiancee is Bengali....I'm sadly aware of South Asian's really stupid/close-minded ********. She's been excommunicated by her family for:
  1. Not being with a Muslim
  2. Not being with someone brown
 
Forgive my ignorance, what's a mangiacake? lol

My fiancee is Bengali....I'm sadly aware of South Asian's really stupid/close-minded ********. She's been excommunicated by her family for:
  1. Not being with a Muslim
  2. Not being with someone brown

Regular white bread person

Im indian and I know all the BS that goes on, and wanted no part of that
 
Later on, I found myself failing my first degree and getting into credit card debt and this was probably one of the best things that happened to me. I ended up reading a bunch of books on investing and money management. Within a year, the CC debt was gone. Then started working on a software dev degree and reminded myself of my failure everyday for the first 2 years. I'd wake up every morning, look at myself in the mirror, and tell myself I'm a failure; succeed or die. Within the first year, I landed a job at a really popular open-source browser dev group.
Some great self motiviation! Not everyone can turn a negative into an opportunity.

Curious which books, info etc on money management/investing?
 
You guys ever consider moving out of Ontario? If your dream of home ownership isn't possible in the GTA, it might be feasible in the maritimes. Even if you own a house in the GTA with a huge mortgage, you could be mortgage free there.

For example here is a really nice and cheap house 20 mins outside of halifax: Check out this listing on REALTOR.ca
 
Some great self motiviation! Not everyone can turn a negative into an opportunity.

Curious which books, info etc on money management/investing?

Thanks for the kind words.

I don't remember the money management book but it was very basic. It rammed the objective truth that being rich means you are net positive. So the people who often own very expensive cars, houses, and cottages were almost always broke as a joke. I found this really important because it flipped the way I viewed things. It also introduced the concept of spending your money so that it works for you (e.g. buying a car is not something that works for you, it's a liability that costs you the second you purchase it.)

The above led me into: Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School: Hallam, Andrew: 9780470830062: Books - Amazon.ca (index investing)

Then this led me into: The Intelligent Investor: The Definitive Book on Value Investing: Graham, Benjamin: 9780060555665: Books - Amazon.ca (pragmatic approach to investing)

During this, I made a bunch of dumb ass mistakes with stocks (like listening to some of the stock choices here lol), so that helped cause failures = lessons!

You guys ever consider moving out of Ontario? If your dream of home ownership isn't possible in the GTA, it might be feasible in the maritimes. Even if you own a house in the GTA with a huge mortgage, you could be mortgage free there.

For example here is a really nice and cheap house 20 mins outside of halifax: Check out this listing on REALTOR.ca

If WFH becomes dominant even post COVID, I'm moving to buttfuck no where. I hate Toronto and miss the rural/small town life. I only live here because commute time has a major impact on quality of life (who wants to spend a 520 hours, or around a month each year, in a car stuck in traffic?)
 
You guys ever consider moving out of Ontario? If your dream of home ownership isn't possible in the GTA, it might be feasible in the maritimes. Even if you own a house in the GTA with a huge mortgage, you could be mortgage free there.

For example here is a really nice and cheap house 20 mins outside of halifax: Check out this listing on REALTOR.ca
I work with lots of buddies from NFLD and the Eastern Provinces. They all laugh at the GTA and GVA and the amount we are willing to shell out on housing. Our house was close to a $1m mark...but we like it, and the area, and the GTA.

My buddy paid $300k for a massive swatch of land with a huge house on the ocean out in NFLD.

To each their own I guess...but in the end, I'm not willing to give up our friends and family to live out that far away. Especially working away as I do, I want my wife to have a support network that can be counted on. As if that's gone, my marriage is most likely over.
 
I work with lots of buddies from NFLD and the Eastern Provinces. They all laugh at the GTA and GVA and the amount we are willing to shell out on housing. Our house was close to a $1m mark...but we like it, and the area, and the GTA.

My buddy paid $300k for a massive swatch of land with a huge house on the ocean out in NFLD.

To each their own I guess...but in the end, I'm not willing to give up our friends and family to live out that far away. Especially working away as I do, I want my wife to have a support network that can be counted on. As if that's gone, my marriage is most likely over.
Assuming you have the cash flow to support the GTA house purchase, your 1M house will quickly become 2M, his 300K nfld property will hover around 300 for a long time. Your total cost of ownership will be negative, his will be positive.
 
Assuming you have the cash flow to support the GTA house purchase, your 1M house will quickly become 2M, his 300K nfld property will hover around 300 for a long time. Your total cost of ownership will be negative, his will be positive.
I disagree. Unless you have a very high income you will be paying the mortgage on a 1M house until you're an old man, while the guy that bought the 300k house will pay his off much sooner and then be able to direct his extra cash toward saving for retirement. Assuming he invests wisely he'll be better off.
 
Yes homes are cheaper on the east coast. Won't those homes be the same price in 10 years. No real appreciation?
Market dynamics are different here and there. In my little town, a tidy 70s era bungalo might go for $1.3M, the dilapidated tear down next to it for $1.3M, and the empty building lot next to that $1.35M. My point is in the GTA the house part of your investment usually depreciates while the land appreciates. And since there's no real prospect of more land being converted to suburban subdivisions in the GTA, demand for land will keep prices high and inflating.

Go to NB or small town Ontario and the dynamics are different. Land will be far cheaper than the house that sits on it. The house will still depreciate, and as long as there is ample supply of land, the land will not appreciate. That same building lot 20km from Moncton costs$12-$20K, in a 5KM radius of downtown in a primo subdivision $50K. For $1M you can buy an undeveloped 40 acre plot of subdivision land that would fit 300 homes, 5km from downtown Moncton.
 
I disagree. Unless you have a very high income you will be paying the mortgage on a 1M house until you're an old man, while the guy that bought the 300k house will pay his off much sooner and then be able to direct his extra cash toward saving for retirement. Assuming he invests wisely he'll be better off.

Equity growth on a GTA home often will provide the opportunity to sell and buy that maritime home outright at anytime, with retirement savings


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When I was younger, I dated a lot of Asian women.

A common pattern I noticed was:
  • They were studying a questionable degree (if in university or college at all)
  • They wanted to be taken care of
  • They had zero sense of money management
    • One particular women comes to mind. She said "a man should let me handle the money so I can buy us nice things."
  • Some felt they were actually entitled to marry a man that'd take care of them and they could just sit at home
  • Having expensive brand name **** mattered to them
This was kinda infuriating tbh. It got a bit worse later in life because I realized the trend wasn't specific to Asian women, it was applicable to every ethnicity.

:eek:

When I was dating while doing my degree Chinese women were really bad for the above.

But it could be cultural?
There are way more men than women in China due to their belief system down there so being treated like a queen and finding the best of the best makes sense...

My fiancee is Bengali....I'm sadly aware of South Asian's really stupid/close-minded ********. She's been excommunicated by her family for:
  1. Not being with a Muslim
  2. Not being with someone brown

Hehe my parents are somewhat disappointed I am not dating a South Korean

If WFH becomes dominant even post COVID, I'm moving to buttfuck no where. I hate Toronto and miss the rural/small town life. I only live here because commute time has a major impact on quality of life (who wants to spend a 520 hours, or around a month each year, in a car stuck in traffic?)

A lot of rural areas have horrible internet

Welcome to CANADA :|
 
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Apparently CERB receiptants will be able to move over to E.I. But I heard there is talk of a new program. ?‍♂️

Mr. Trudeau 110% need to do something for those new grads after CESB is over. It is like back in 08/09 but now if you can find a job the job could kill you......
 
I work with lots of buddies from NFLD and the Eastern Provinces. They all laugh at the GTA and GVA and the amount we are willing to shell out on housing. Our house was close to a $1m mark...but we like it, and the area, and the GTA.

My buddy paid $300k for a massive swatch of land with a huge house on the ocean out in NFLD.

To each their own I guess...but in the end, I'm not willing to give up our friends and family to live out that far away. Especially working away as I do, I want my wife to have a support network that can be counted on. As if that's gone, my marriage is most likely over.
I live here and im laughing at the million dollar mortgages that the middle class are willing to shell out for.

Many have a good plan, many do not. Even if i could afford a million dollar property i would never buy it.
 
I live here and im laughing at the million dollar mortgages that the middle class are willing to shell out for.

Many have a good plan, many do not. Even if i could afford a million dollar property i would never buy it.

So do you live in a apartment?
 
I live here and im laughing at the million dollar mortgages that the middle class are willing to shell out for.

Many have a good plan, many do not. Even if i could afford a million dollar property i would never buy it.

I am as well. I'm counting on these forces to collapse the housing market:
  • The greed of previous generations
  • The lack of money management by the vast majority
  • The obsession with wanting to own a house
The US collapsed in 2008 because of this, and I hope it repeats itself as it'll be an opportunity for those who are diversified or not in it.

A lot of rural areas have horrible internet

Welcome to CANADA :|

I'm aware of this due to growing up in rural areas. As long as the connection is stable (and I will find out before I move somewhere), I'm okay. I don't need 1GB up/down. Besides, all I do with my 750Mb/s speed now is download porn. I have ******* 4TB worth of it lol
 
Mr. Trudeau 110% need to do something for those new grads after CESB is over. It is like back in 08/09 but now if you can find a job the job could kill you......
He did, he gave the money to his buddies..... :confused:
 

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