DarksydePhil / TheyCallMeDSP / Phil Burnell - General Discussion

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All the talk about debt, interest on debt, luxury items...bottom line is, if you have any common sense, if you make (for example) $20,000 in one quarter, you estimate your taxes for that $20K and send out a check. You don't spend the whole $20,000 and then go beg for more, then make $10K in the beg-a-thon and say you made too much so you need more. You take out the taxes BEFORE you start throwing money around. And Phil doesn't need a "tax attorney" to tell him that when you've been making a living that way for a decade. He knows he has suckers on the hook and he's milking them the way cows are milked here.

And if you can't live without spending that whole $20K before you take out the gub'mint's share, you get a different fucking job or you learn to live without that second house or car or golden game controller.
 
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I know I'm not the first to point this out, but I need to express it: I seriously can't believe Phil's been "self employed" for 10 years and is still having this much trouble with his taxes. He acts like he's the first person in history to ever have to pay taxes, when the same rules that apply to any starting-out freelancer apply perfectly to him:

"Keep track of what you're earning, and at the end of each month, take an appropriate percentage of that money (based on what your tax bracket is,) and set it aside. Don't touch it until tax season comes around. (Hell, have your banker invest that separate account in a low-risk mutual fund, so you're likely to at least earn a bit of interest on it.) If you do this every month, you should have roughly enough money saved up come tax season that you can pay what you owe. If there's anything left over, happy birthday! Do with it what you will, or put it towards your taxes for next year."

It's such a common mistake for freelancers just starting out to spend every penny they earn, without thinking about taxes at the end of the year. And then they get a big financial black eye when they learn that not all of that money they earned was theirs. And then they do something stupid like paying it off on a high interest credit card.

It's not fucking rocket science. Don't spend all your money. If his paypigs could learn that taxes are not the boogeyman Phil makes them out to be, maybe they'd be able to see through his bullshit and cut him off from the pitybux welfare he's been subsisting off of for a decade.
 
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Absolutely agree as usual (LOL) with @neger psykolog and @Um Oh Ah Yeah

What people are confusing with Phil is looking rich and actual prosperity. Phil has mountains of debt/ credit cards which including mortgages would easily be $200.000. With Phil though it all for show as he has every single thing he owes tied to credit, thus they are not actually his possessions, they are the banks the second he has to foreclose is the second he sacrifices his sham existence.

Phil should of played clever back in his glory days and lived in his means and held on to it all but he was an idiot and thought his fame was forever like a classic narcissist.

The lesson in it all which the notable detractors like Tevin, Theo, GTG and even SOK members noted on was Phils debt which gave the illusion of debt but in actuality ties all his possessions down to a different owner, the bank. for example the fucker is drinking Aquaphina water which is like a dollar a bottle (smallish) he lives on V8s and fast food and doesn't portion control for example the taco bell fries video HE HAS 4 BAGS of other take outs to the side thats easily like $30 - 40 dollars.
 
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SoapQueen1 said:
People claiming DSP isn't affluent because he's buying the luxuries in his life with credit are being pretty stupid. Go ask the bank for two mortgages for two condos and an auto loan for a current year model car, then when they say no come back and tell me credit is not of value and DSP isn't trading something of value he has for luxuries the same way someone trades cash or gold bullion for luxuries.
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But something seems off about it to me. First of all, with all his loans and piling debt his credit must be mediocre to okay as long as he doesn’t miss a payment. His interest rates though are probably higher than normal. He managed to get a loan for 2 residences and a car and multiple business loans. I’m not sure how that is possible when his work is not what a bank would call stable and steady. His parents must have co signed some of these loans for him.

I’ve estimated right now that he most likely has at least 350k in debt between everything and that’s on the low end. I have no idea what those business loan amounts were for. 350k might just be for the house and apartment. Tack on 30k+ for the car (unless it is a lease), let’s say 10k in credit card debt, and be generous and say 15k in business loans.

It’s well within the realm of possibility that he’s staring down a 400k hole where he will never get out of. 400k in debt with his interest rates and minimal payments would equate to well over a million dollars in payments over the next 30 years. He has put himself in a hole that if he budgeted properly he could get out of with the money he makes. But he spends too much and he will continue to scrape by barely.

I understand why he drinks so much when you look at all the debt spread everywhere, combine that with his shit budgeting skills and inability to manage himself or his assets and it’s a recipe for disaster. Also knowing at any time, because he is a colossal fuckup, he could be “fired” from twitch and left in the wind, must be weighing heavy on him especially now.
 
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You know, I wonder if a clever tax attorney could argue that Phil should legally be classified as a beggar rather than an entertainer, and therefore be exempt from Washington occupation taxes.
Counterbalancing this, a beggar probably can't take business tax writeoffs, but working around this is what tax attorneys are paid to do.
 
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Kosher Dill said:
You know, I wonder if a clever tax attorney could argue that Phil should legally be classified as a beggar rather than an entertainer, and therefore be exempt from Washington occupation taxes.
Counterbalancing this, a beggar probably can't take business tax writeoffs, but working around this is what tax attorneys are paid to do.
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I think that classification, if it even exists in WA, would fully destroy what's left of his already awful credit. It'd probably also cause some problems with the banks who gave him his loans, and...yeah I'm giving this too much thought Phil is a beggar lol
 
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Um Oh Ah Yeah said:
Yes, but the conversation started out of speculating how much DSP's income would have to dip before he'd really be hurting, and the counter point was that he's well off so it could dip quite a bit. All I'm saying is that a lot of the money he's making is already ear marked for existing debt that he couldn't just stop paying on, which means that it wouldn't take that much of a dip in income to start hurting him. If he was spending thousands of dollars every month on one off luxury items (like fancy dinners or something) then it would be easier to cut those out to live below his means if his income suddenly dropped.
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I don't claim to fully understand his financial situation, largely because he just lies all the fucking time. However I do believe he engages in a lot of entertainment/luxury spending that he could immediately drop, in addition to a lot of inefficient spending that he could immediately change.

When a person claims they're in dire straits but doesn't implement changes that could alleviate the problem without causing them much more harm than "But I like going out to eat and if I stop I won't get to enjoy that," and "If I can't watch Netflix I'll be bored," chances are they're lying.

I will believe DSP is poor when he stops:
  • drinking expensive beverages like bottled water, energy drinks, and alcohol instead of water
  • going out to eat
  • paying money for entertainment like video services and movies
  • paying for memberships like Amazon Prime, Sam's Club/Costco
  • shopping at expensive retailers instead of Wal-mart
  • getting games digitally instead of physically and getting part of his purchase price back upon trade-in
  • procrastinating renting out his CT condo instead of turning it into a $20K a year tax write-off
  • actively preventing Kat from getting her license, insurances, and job because I don't believe for a moment it's not on purpose
 
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Yknow I think my favorite part of Twitch slapping Phil down is that now he won't be able to just go all in on subs and bits 'fundraising'.

This means the easiest way to shill support is direct financial assistance through Patreon.

So after roughly 2 months of shilling Twitch hard and burning his Patreon to the ground he's going to have to rebuild what was originally his more successful source of steady income.

But nope, he tied his incentives to teitch subs and now he's in hot water for all the begging he did directly on Twitch.
 
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DiabeticSP said:
Yknow I think my favorite part of Twitch slapping Phil down is that now he won't be able to just go all in on subs and bits 'fundraising'.

This means the easiest way to shill support is direct financial assistance through Patreon.

So after roughly 2 months of shilling Twitch hard and burning his Patreon to the ground he's going to have to rebuild what was originally his more successful source of steady income.

But nope, he tied his incentives to teitch subs and now he's in hot water for all the begging he did directly on Twitch.
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Fortunately his patreon is dead as hell because his big donaters are gone and not coming back anytime soon. Also I no doubt feel the SMS had something to do with his patreon dying. The MGS run only got through because large pay pigs on Begathon 1.0.
Lets just be real he's fucked at this point he will get trolled as hell on youtube live. If he is on tonight he is going to get mostly trolls and his patreon which used to pretty much pay for CT is royally dead.
 
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Phalanx said:
Fortunately his patreon is dead as hell because his big donaters are gone and not coming back anytime soon. Also I no doubt feel the SMS had something to do with his patreon dying. The MGS run only got through because large pay pigs on Begathon 1.0.
Lets just be real he's fucked at this point he will get trolled as hell on youtube live. If he is on tonight he is going to get mostly trolls and his patreon which used to pretty much pay for CT is royally dead.
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Agreed. Just saying Patreon is clearly the better option for him considering Twitch told him to fuck off with the direct donations.

If he'd kept pumping Patreon (and followed through) hed be doing better now.

But he let Patreon sink and didn't even do the bare mimimim for the goals he set before removing all incentive off being a patron. The usual goals there became his Sub to Pay My Bills drive.

It'll be interesting to see if he has to change how he talks about sub goals. He's the only streamer I know with monthly sub goals mostly because that's retarded.

Every month there better be more subs or nobody gets shit. You think he'd at least do a base level goal and then a stretch goal. But naaah. Fuck you pay me more for the same thing every month.

And clearly nobody wants to see his plain girlfriend (and I mean that nicely) be a boring cook.
 
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Phalanx said:
Fortunately his patreon is dead as hell b
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I wouldn’t exactly call $835 “Dead as hell”. Yea it’s A $400 drop but in no way is $800 Dead.

Blackadder2000 said:
If I'm recalling it right (please correct me if I'm wrong), last time he said "Future is so bright I gotta wear shades" he lost his Machinima contract, so yeah... keep taunting the karma Phil *grabs popcorn*:story:
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Least we not forget the “I warned my new sponsor about the hate messages they will get about me and they said they can handle it so I’m good.”

Oh and “mahgurlfrend is undoxable. We took precautions so she is safe.” He might as well stick his dick in a hornets nest and ensure us he won’t get stung at this point. His stupidity grows on a daily basis.
 
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BallBuster said:
I wouldn’t exactly call $835 “Dead as hell”. Yea it’s A $400 drop but in no way is $800 Dead.
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There's no incentive to remain a Patreon and he keeps pushing for other forms of 'engagement'. I don't see his numbers doing anything but continuing to slide down since nobody new is going to give him money there.
 
Project 7 and various playthrough he promised as patreon goals but played half-assed were the carrots on the stick he put in front of his paypigs only to pull the carrot back in the last moment to eat it himself. His Patreon will have more uninspired "goals" where he can still manipulate the outcome. You know, his hate-boner for Nintendo, Atlus etc. is more important to him than how his patrons feel.
 
BatChatillon said:
Project 7 and various playthrough he promised as patreon goals but played half-assed were the carrots on the stick he put in front of his paypigs only to pull the carrot back in the last moment to eat it himself. His Patreon will have more uninspired "goals" where he can still manipulate the outcome. You know, his hate-boner for Nintendo, Atlus etc. is more important to him than how his patrons feel.
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I don't think his Patreon will have any more goals period. It's either Patreon goals or Sub goals, he doesn't put up enough content to justify someone getting both (Thought there might be some excepcional individuals who actually do despite not getting anything from it).

It's amazing, when you think about it, how much people are paying compared to the quality of the content produced to begin with.
 
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