Chris and his finances: An in-depth review of his debt

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Ron_Swanson said:
We did the math when it was mentioned the first time, and it was about $1200 or so. hat was MONTHS ago, before several updates where you could go really crazy spending. I wouldn't be surprised if his total is over 2k now.
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Damn! I was going to link to the thread, but too lazy to find it on the new forums couldn't find it before. Here it is.
 
This actually explains something that I've wondered about for a while. I remember back during the debut of Chris's Manchester High lego set that someone calculated the costs of all the set he'd have had to buy to get the parts, and it came out to somewhere between $700 and $800. I always wondered where that money came from, since he doesn't get that much free spending money from a single tugboat and we know he's incapable of saving more than a couple bucks at a time. I think it's pretty likely that he took out the Toys R Us card specifically for the purpose of buying the lego sets he'd need to immortalize his idyllic high school.
 
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This is a man who shits himself on nine dollar cakes (that's a lot of yen, kawaii!) Any future conversation about his finances should be framed on that premise alone.
 
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Trickie said:
Geez. It's really depressing when you're in worse financial shape than someone like Chris... I only just started working on getting my credit back on track this past year.
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As long as you didn't use that credit on fast food, video games and LEGO you're in better shape than Chris.
 
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skyraider91 said:
Chris IS an "unsupervised child".
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It's worse than that. Chris is an unsupervised child with decades of experience.
Pally said:
What kind of bank would be stupid enough to give credit cards to autistic manchildren, especially ones that can be debted?

They deserve to loose their money as a penalty for such an incredibly careless action.
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They won't lose any money. Chris has been making minimum payments on maxed out cards for years on end. He literally could not pay any more interest to his creditors than he already does. That total interest so far is probably significantly more than the outstanding balance on his cards. He could default completely today, and his creditors will still have profited handsomely from the interest he has paid them. They'd just sell off his debts to the nearest collections agency for a final bit of income, trash his credit rating to warn other lenders, and then gleefully look for their next fatted milch cow.
normankrasner said:
did MHS offer any personal finance classes?
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Doubtless those were some of the classes Chris slept through.
 
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Absinthe said:
The UK government decided to use Lego to illustrate how Scottish people could spend £1400 that they'd apparently all get if they don't become an independent nation.

https://www.gov.uk/government/news/12-things-that-1400-uk-dividend-could-buy

Note the attraction sign continuing its 100% record in picture 12.

Maybe we could do a Lego list show Chris what he could be spending the tug on that isn't toys or vidya?
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No, he'd just see the Lego, get the wrong message and rush off to Toys R Us to spend $2500 on sets he doesn't actually want.
 
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I got this vintage set recently:
3522

Now that's one set Chris should have.
 
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qld said:
So if he really thought about his situation, he would be better off paying to declare bankruptcy and then racking up additional thousands in debt....
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If you declare bankruptcy or default, that significantly harms your credit for greater than the future 9 years. That means you can't get new credit cards.

Hulk Hogan said:
Brother, having a credit card (particularly a rewards credit card) is pretty handy. What the Hulkster does is charge all purchases to that card, then pay it all off at the end of the month. The rewards (1-5% depending on the purchase) can be used to pay off the balance. That way, it makes managing ones finances easier and you get a 1-5% cash back on all purchases. It also builds credit in case one needs to take out a loan or ones wife screws them over with alimony, man.
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This is true Hulkster but remember to keep your credit utilization at under 30% for any particular card, even if you do pay off all your balances.

normankrasner said:
If McDonalds had credit cards, how much debt would Chris have on one?
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http://cwckiforums.com/threads/random-what-if-thread.662/

Gordon Gekko said:
It's not a question of enough, pal. It's a zero sum game, somebody gets legos, somebody gets knockoffs. Money itself isn't lost or made, it's simply transferred from one perception to another.
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The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer instinct. Stick around pal, I've still got a lot to teach you.
 
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