Have you ever been surprised by someone’s lack of financial literacy? Recently a man explained that he was astonished by how literate his coworkers were in tax-advantaged investing and general personal finance. He elaborated that these people work in money management in the company and have side businesses. It prompted his and our curiosity, and here are several other examples of being stunned.
Several people didn’t seem to understand the concept of profit when selling a vehicle. One Redditor shared a story about his friend who purchased an automobile for $70k several years ago. Eventually, he paid the loan down to $25k, sold the car for $30k, and believed it was a “profit” of $5k.
Load Error
2. Tax Write-Offs Don’t Work Like That
Another explained his business partners once held a meeting where they proposed buying new luxury cars with company money to impress prospective clients. He dismissed the idea by expressing he thought it was terrible and didn’t need a new automobile.
So they attempted to sell the proposal by confidently proclaiming they’d be “100% tax deductible.” The user reiterated his no before a back-and-forth disagreement ensued.
“After a few minutes, I realized they thought 100% tax deductible meant the government would refund the full purchase price!” He admitted to unsuccessfully explaining how tax deductions work, even using a whiteboard to break it down.
Finally, they had to call in the accountants to “explain like I’m five” the situation. He sold his company shares and later discovered they’d purchased the vehicles.
3. Stop Contributing to the Company 401K
Another person explained that their 70-year-old coworker confessed that he would stop contributing to their company 401k, as his money hadn’t grown in nearly four years.
After further probing, they believe he never chose funds for his account. Instead, he thinks it’s in the general low-risk money market account. He noted their 401k is a self-directed plan.
4. Don’t Believe In a 401k
One user explained that a coworker always complains about how she and her husband are broke. They have about 9k take-home monthly and “don’t believe in 401Ks.” She noted that because you can lose money, they believe 401ks are a scam.
Additionally, she has 2k in car payments and spent $3700 on a pistol and scope, but she didn’t eat when the office went out to lunch last week because she didn’t have the $10-$15 to cover her meal cost.
5. Tithing for Blessing
Many users didn’t believe in the tithing for blessing rhetoric churches use and call it a “scam.” One volunteered as a nine-year-old child; her pastor said, “Everything you give, you will receive 10x over.”
Top 10 Black and White Movies Absolutely Worth the Watch – The Cents of Money
Top 10 Black and White Movies Absolutely Worth the Watch
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Are you a black-and-white movie fan or interested in the classics? My entire life, my dad insisted there were many great stories I denied myself by sticking to color.
For example, he loved. It’s a Wonderful Life and expressed it as worthy of a watch. Like most things, he was right. After someone asked Redditors for their black-and-white favorites, these films were top-voted.
12 Angry Men (1957)
One Redditor explained they could not recommend 12 Angry Men enough. People believe it sucks when describing the entire premise occurring in one room, “but it’s still one of my favorite movies.” They continued it’s a “testament to how you can have riveting action with just dialogue, not throwing around explosions and fight scenes.”
Doctor Strangelove (1964)
Many agreed with the statement that there are so many scenes in that movie where Peter Sellers kills them every single time.
One added, “I’ve seen this movie at least 50 times. His facial expressions alone when he’s talking to Brigadier-General Jack D. Ripper and the General is explaining how women stole his essence.” They concluded It’s insane how talented Sellers was.”
To Kill a Mockingbird (1962)
To Kill a Mockingbird was listed as an excellent movie worth a watch today. Another user explained it was well-known to be shot in black-and-white intentionally, noting color film was already available at the production time.
Casablanca (1942)
This Redditor made me laugh out loud with their confession, “I thought it was full of cliche phrases and scenes when I watched it. Then I realized they INVENTED phrases everyone else quoted.”
Many users in the thread agreed that they love the dialogue in Casablanca. One quoted, “Victor: Thank you, I try. Rick: We all try. You succeed! I use it in casual conversation when the opportunity arises.”
Psycho (1960)
“To be completely honest, one of the reasons I hadn’t watched Alfred Hitchcock movies was because I had a weird feeling of obsolescence because of old times and black and white films. I couldn’t be more wrong,” admitted one moviegoer.
They elaborated they’d not been more intrigued by a movie in forever. “I couldn’t take my eyes off the screen and was always at the edge of my seat. Completely recommended.”
Schindler’s List (1993)
Many Redditors agreed with the sentiment of it being the best movie they’ll only ever watch once. One clarified, “My wife and I call it a once-every-ten-years kind of movie. This film is some heavy stuff. The black and white make the rare color parts hit even harder. Truly a masterpiece.”
Arsenic and Old Lace (1944)
Arsenic and Old Lace with Cary Grant was praised highly as a black-and-white film worthy of current viewing. One Redditor elaborated, “One of the BEST films ever, in my opinion!
And funnier because the role of the killer always being told he looks like Boris Karloff — and going into murderous rages over it — was originally played by Boris Karloff.”
Seven Samurai (1954)
Seven Samurai is an epic Japanese drama directed by the legendary Akira Kurosawa. While it was heavily praised, others suggested that his films, The Bad Sleep Well, Ikiru, and High and Low, were standouts.
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Young Frankenstein (1974)
Finally, several people in the thread showed love for Mel Brook’s classic Young Frankenstein. Users explained that Gene Wilder and Mel Brooks were excellent before quoting their favorite lines, including, “Are you saying that I put an abnormal brain into a seven-and-a-half foot long, fifty-four-inch wide GORILLA?”
What do you think? Did Redditors nominate the best black-and-white films, or is your favorite missing from this list? This article is inspired by the internet and does not necessarily reflect the views or opinions of The Cents of Money.
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10/10 SLIDES
She took it literally and tithed her $20 allowance, expecting a $200 return. But, unfortunately, she didn’t see it and suggested that language works on adults too. One added, “It’s a business, like any other. Except that it’s not taxed.”
6. The “Don’t Accept That Promotion” People
Another common occurrence that surprises people is the lack of understanding of how tax brackets work. As a result, many people believe they shouldn’t accept promotions that will put them in different tax brackets and will make less money. One elaborated that the number of people telling them to avoid overtime because they’ll get paid less is astounding.
7. Higher Withholdings
The idea of upping your withholdings from your paycheck so you receive a more extensive refund check at tax time with the attitude of “It’s like free money” is a belief for many people.
8. Cryptocurrency Whoa
Someone confessed to knowing an insane amount of people with 100% of their savings, retirement, emergency funds, etc., in cryptocurrency. They explained that they claim it’s “diversified” because they hold BTC, ETH, DOGE, and other coins.
9. Social Security at 55
Woo. This is a tough one. A woman explained her 52-year-old coworker told her she was moving into a 55-and-over place and retiring. She was impressed by her ability to retire so young, noting she must have saved well.
The woman said no, but believed social security should cover her expenses since she’ll be living in a 55-and-over home. So she asked how she was getting social security at 55 before the woman responded with a blank stare. So she shows her how to look it up, and the woman cries and then blames her for “ruining her plans.”
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10. Keep a Running Balance on Your Credit Card
Finally, people admitted that people who believe in keeping a running balance on their credit cards to keep a high credit score are misinformed and multiplying.
We hope you enjoyed these Redditor stories about times they were astonished by someone’s financial illiteracy. This article is inspired by the internet and does not necessarily reflect the views or opinions of The Cents of Money.
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Featured Image Credit: Isai Hernandez From Canva.com.
10 Dreadful TV Shows People Sat Through Hoping They’d Get Better – The Cents of Money
10 Dreadful TV Shows People Sat Through Hoping They’d Get Better
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What is the worst TV show you have sat through hoping it would get better but didn’t? I’ll go first, Superstore. I’m sure it’s hilarious because so many insist it is, but I didn’t find the appeal. After someone asked the internet for their examples, these are the top-voted series.
Westworld (2016 – 2022)
One suggested, “Only from season two onwards. Season one was so good; the creators should have ended it there.” Another argued, “I think season one is a masterpiece. The writers had something to say, and they said it. Hate it when sequels are made with no plan; they start writing new episodes with no point.”
Under The Dome
“Under the Dome was beyond awful,” one suggested. “The idea was great, but it should have been a miniseries, not something to drag out.”
“My friend was an extra in Under the Dome. It was filmed here in North Carolina before they decided to go full stupid and destroy the film industry in North Carolina and forced them to move. My friend even got a couple of lines here and there. Unfortunately, it was the only reason we watched it: after the first season, the show started to drag and make no sense,” a second reported.
The Walking Dead (2010 – 2022)
“I got through part of three different episodes,” one confessed. “I could not believe those characters were going to survive. I had a hard time believing they’d survived the zombie apocalypse. I didn’t care what happened to them, but I couldn’t stop watching. I wanted to like it. But it just infuriated me so much.”
Riverdale (2017 – Present)
“I enjoyed season one of Riverdale. Still, it had its issues, but it had a likable cast and a cool mystery plot,” one said. “I thought they were going to maintain that.
But, boy, was I wrong. I sat through three more seasons, hoping it would return to what made the show tolerable. Instead, it felt like each episode was written in two days and filmed the next day. It was atrocious, and I can’t believe I did that to myself.”
Blockbuster (2022)
“That new Blockbuster series, what was that? They could have easily capitalized on the 80s and 90s nostalgia by making a throwback show centered around a Blockbuster. Still, they decided to make just another generic sitcom,” one stated. “I was two episodes in, and I was like Randall Park, what are you doing, sir? You are capable of so much more.”
Manifest (2018 – Present)
“It had an interesting concept that turned into religious and family drama and lost all pace,” one shared. “I find it difficult to stop watching shows once I’ve started and was so happy when Manifest got canceled, only for it to be picked up again. Sad times.”
The Blacklist (2013 – 2023)
One Redditor explained, “The Blacklist started great, and then it went downhill. I kept watching the series, hoping it would get great again. It didn’t.”
Another added, “It felt like it was going somewhere in the first few seasons. Then, it was like the series was building up to a big finale that would pull all the strands together. Then it just didn’t happen.”
Revolution (2012 – 2014)
“Revolution, the idea was alright. The actors were tolerable, but as the show progressed, the plot holes became so big I just gave up trying to comprehend and continued watching to get it over with,” shared one. “Another wonderful project brought to you (in part at least) by JJ Abram. I wanted it to be good, but it was just awful,”
Ginny and Georgia (2021 – Present)
“I don’t like Ginny or Georgia,” one elaborated. “Ginny is an entitled brat. Georgia is immature enough to have a catfight with her daughter. She is psycho enough to go to the extreme EVERY time her daughter faces difficulty. For example, trying to frame her teacher to get him fired.”
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Picard (2020 – 2023)
“This one hurt,” one confessed. “Season one was entertaining. Season two could have been dealt with in one or two episodes. I am still trying to figure out what it was about. I am so confused.”
“I was so incredibly disappointed in Picard! Season three is coming. I will continue to watch because I am faithful to the franchise, but I know all of my hopes and dreams will continue to be shattered,” a final user commented.
What do you think? Did Reddit get this right, or is your favorite show on this list? This article is inspired by the internet and does not necessarily reflect the views or opinions of The Cents of Money.
