$450 bank shop in English!
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@clinen11 wrote:
But you needed to have $10,ooo for a savings account?
That was the promotion from the bank. It's not making interest anywhere and stocks are at an all time high in a depressed market. It's not a bad place to have savings at the moment.
If I take the savings out sooner, the bank takes back the $100.
scanman,
I am continually impressed with your ability to maximize the value of your shops and shopping activities. I have been meaning to thank you for changing the way I personally think about creating additional value with my shops. From discounted gift cards to your most recent bank shop, you always seem to be able to turn hamburger into filet mignon and make it look easy while doing so.
I now think to myself, "What would scanman do?" when trying to create synergistic value with the shops I consider. I am envious and impressed with your latest bank assignment! Keep up the good work...
edited for a spelling error.
Edited 1 time(s). Last edit at 08/28/2016 03:17AM by msimon-2000.
I am continually impressed with your ability to maximize the value of your shops and shopping activities. I have been meaning to thank you for changing the way I personally think about creating additional value with my shops. From discounted gift cards to your most recent bank shop, you always seem to be able to turn hamburger into filet mignon and make it look easy while doing so.
I now think to myself, "What would scanman do?" when trying to create synergistic value with the shops I consider. I am envious and impressed with your latest bank assignment! Keep up the good work...
edited for a spelling error.
"We're just two lost souls swimming in a fish bowl -- year after year..."
Edited 1 time(s). Last edit at 08/28/2016 03:17AM by msimon-2000.
@Bubbabubba wrote:
Just remember that that 10 K you deposited is NOT YOUR MONEY anymore. You are now a lender/creditor to the bank. You are LAST inline when SHTF.
When SHTF there will not be an FDIC payment because there is not enough to go around and your LAST.
ECON 101
But good job on the earnings.
Doomsday much Bubbabubba???
"We're just two lost souls swimming in a fish bowl -- year after year..."
Scanman, if you have $10k to put somewhere, you might spend some time reading at [biggerpockets.com]
Now scheduling travel shops for the day after Christmas through mid-January.
@PasswordNotFound wrote:
Scanman, if you have $10k to put somewhere, you might spend some time reading at [biggerpockets.com]
I have been there and done that. Being a landlord means constant repair projects. I was on a first name basis with the cashier at the home improvement store and had to evict non paying tenants. This can become very cash negative.
As far as buying and flipping houses, unless you are a very good general contractor and have established subs and know the right people in local government to get permits pulled and variances approved from the zoning board, you are not going to come out ahead.
Where I live, they are coming in and removing a house and it's foundation in one day. Two days later they are pouring the new foundation and they are putting up the cement block walls three days after that. By week two, an already assembled package of roof trusses and secondary wooden walls arrive on site and the roofers are there by the third week. Plumbers, A/C, and electricians each take a day.
The new two story house is completed in a month replacing the little bungalow and leaving little lawn space. Big, well funded and organized corporations have turned house flipping into a well oiled machine. It's not like they show it on HGTV's "Flip It" down here.
Edited 1 time(s). Last edit at 08/28/2016 06:33AM by scanman1.
@Bubbabubba wrote:
Just remember that that 10 K you deposited is NOT YOUR MONEY anymore. You are now a lender/creditor to the bank. You are LAST inline when SHTF.
When SHTF there will not be an FDIC payment because there is not enough to go around and your LAST.
ECON 101
But good job on the earnings.
The feds will not allow any of the big banks to fail. They have already proved this in the past. They will simply print more money and devalue all currency. FDIC will not kick in and the people on Wall Street will not take the blood bath they so much deserve when a bubble pops.
The next bubble will be the college loan default crisis. I consider Alex Jones an entertainer much like the National Enquirer. Every once and a while they both get a story right, but most of the time they are still seeing little green people. What are you going to do with that dehydrated tasteless freeze dried food when it is about to expire?
@Bubbabubba wrote:
Just remember that that 10 K you deposited is NOT YOUR MONEY anymore. You are now a lender/creditor to the bank. You are LAST inline when SHTF.
When SHTF there will not be an FDIC payment because there is not enough to go around and your LAST.
ECON 101
But good job on the earnings.
Let's just put an end to this now. . .
If the bank is insured by the FDIC, which it likely is, he will be paid the full amount of his account up to $250,000 USD. He will not be last inline, the FDIC is a separate agency from the bank and does have the money to reimburse you. More than likely what would happen is that the bank would be reacquired by another bank and there would be a seamless transition where you would keep your account and money. If for some reason the FDIC can not reimburse you, or runs out of money, then the entire banking industry would collapse, and USD would be worthless, and that is not going to happen anytime in the foreseeable future.
If he has >$250,000, say $260,000, then he would be last in line for the extra $10,000.
@JohnieQ wrote:
@Bubbabubba wrote:
Just remember that that 10 K you deposited is NOT YOUR MONEY anymore. You are now a lender/creditor to the bank. You are LAST inline when SHTF.
When SHTF there will not be an FDIC payment because there is not enough to go around and your LAST.
ECON 101
But good job on the earnings.
Let's just put an end to this now. . .
If the bank is insured by the FDIC, which it likely is, he will be paid the full amount of his account up to $250,000 USD. He will not be last inline, the FDIC is a separate agency from the bank and does have the money to reimburse you. More than likely what would happen is that the bank would be reacquired by another bank and there would be a seamless transition where you would keep your account and money. If for some reason the FDIC can not reimburse you, or runs out of money, then the entire banking industry would collapse, and USD would be worthless, and that is not going to happen anytime in the foreseeable future.
If he has >$250,000, say $260,000, then he would be last in line for the extra $10,000.
You can't argue with real facts. It doesn't work with this type of person. I see it every day.
I would not be worried about my first $250,000 either.
Nice job on the bonus money OP.
@scanman1 wrote:
I have been there and done that. Being a landlord means constant repair projects. I was on a first name basis with the cashier at the home improvement store and had to evict non paying tenants. This can become very cash negative.
And that does not even start to cover tenants who are clueless. The ones that start a fire in the fireplace on Christmas Eve and call you because 'your' fireplace doesn't work--perhaps if they had opened the chimney flue the house wouldn't be filled with smoke and if they hadn't that day cut a chunk off a pine tree in the yard and were trying to burn the fresh cut wet wood and fresh pine needles in the fireplace they might have had a chance at a cheery Christmas Eve fire. Or the ones who complain that the front door does not lock--it becomes necessary to point out that when you take a door off its hinges (for what purpose I cannot fathom) the locks are unlikely to work. When you reset the pins in the hinges so the door can swing, the locks work just fine. Or the ones who call at midnight because the refrigerator isn't cooling--they never heard of a circuit breaker box so as outlets and lights stopped working they had turned the house into a web of extension cords to outlets still working that they were systematically overloading and finally caught the circuit with the refrigerator on it. Many tenants need to be in protective care rather than in a rental property on their own.
[quote
Let's just put an end to this now. . .
If the bank is insured by the FDIC, which it likely is, he will be paid the full amount of his account up to $250,000 USD. He will not be last inline, the FDIC is a separate agency from the bank and does have the money to reimburse you. More than likely what would happen is that the bank would be reacquired by another bank and there would be a seamless transition where you would keep your account and money. If for some reason the FDIC can not reimburse you, or runs out of money, then the entire banking industry would collapse, and USD would be worthless, and that is not going to happen anytime in the foreseeable future.
If he has >$250,000, say $260,000, then he would be last in line for the extra $10,000.[/quote]
Bubba can't hear you through his tin foil hat....
Let's just put an end to this now. . .
If the bank is insured by the FDIC, which it likely is, he will be paid the full amount of his account up to $250,000 USD. He will not be last inline, the FDIC is a separate agency from the bank and does have the money to reimburse you. More than likely what would happen is that the bank would be reacquired by another bank and there would be a seamless transition where you would keep your account and money. If for some reason the FDIC can not reimburse you, or runs out of money, then the entire banking industry would collapse, and USD would be worthless, and that is not going to happen anytime in the foreseeable future.
If he has >$250,000, say $260,000, then he would be last in line for the extra $10,000.[/quote]
Bubba can't hear you through his tin foil hat....
Wow! scanman you must have made $350,000 last year in mystery shopping! 
You just have to be one of the top-earners here!
You just have to be one of the top-earners here!
This discussion has now become a purely political discussion, and we are asked not discuss politics on this forum. Time for moderator intervention, I guess.
Shopping Southeast Pennsylvania, Delaware above the canal, and South Jersey since 2008
There is a world of difference between education and speculation...
"We're just two lost souls swimming in a fish bowl -- year after year..."
This is in my opinion a expression of a political opinion. I did not and will not say whether I agree or disagree, but discussion of politics does not advance the mission of this forum, which is to address mystery shopping issues and concerns. I will report several of your posts to the moderator, and we will see if they agree that you are posting political opinions or not.
@Bubbabubba wrote:
If for some reason the FDIC can not reimburse you, or runs out of money, then the entire banking industry would collapse, and USD would be worthless, and that is not going to happen anytime in the foreseeable future.<<<<<<This is where you ignore the facts. It is one of the major goals of the nearly completed Progressive agenda.Your mind is well formed by them.
Your not HONESTLY looking or listening. Mr Grashopper!
Its not my job to teach you. Remember Noah?
Shopping Southeast Pennsylvania, Delaware above the canal, and South Jersey since 2008
@Bubbabubba wrote:
...You have a good chance in silencing my help...
Bubbabubba Toil and Trubba, how does one go about doing that?
In my opinion, I don't think this thread has crossed the line into politics. I see the speculation, facts, etc being discussed here as socio-economic more than political.
Evidently a number of folks do not agree with you as Bubbabubba again fades towards oblivion.
@Flash Yea...I see that. He will probably be back with another thread soon. I have to admit I find them entertaining...I think he's eating the tin foil not just wearing it. ;-P
Maybe you should enjoy him via PM rather than slopping up open forum.
@N-TownShopper wrote:
In my opinion, I don't think this thread has crossed the line into politics. I see the speculation, facts, etc being discussed here as socio-economic more than political.
Or maybe it just doesn't look that way because BubbaBubba's posts have all disappeared.
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