DSP's Loan & Savings Company

[VibRibbon]

If he was seriously going to lose the house in April, why worry about what video games you will play in June?

That's the big advantage of the Nintendo Switch handheld mode - Now if only he had some friends so that he could use an outlet to hook up this capture card...

 

[OneDaySon]

The major tell that Phil is exaggerating his financial situation is that one minute he will claim that if he doesn't get enough in April he will have to sell his house. Then he will go on to outline his schedule of what games he will play for months in advance.

If he was seriously going to lose the house in April, why worry about what video games you will play in June?

The easiest way to tell if Phil is ever exaggerating or lying about something is to jab at him about the thing is is exaggerating or lying about, as he is too egostical to take the insult. For example, if some troll jabs at him for his taxes or owing money, defence mode activates in Phil and he goes full "WHAT ARE YOU ON ABOUT? YOU'RE WRONG I'M NOT IN THAT BAD OF FINANCIAL STRAITS SO YOUR INSULT IS POINTLESS." Good example of this that happened recently is someone jabbed at him about his parents health and he goes "WELL ACTUALLY THEY'RE DOING JUST FINE SO YOU DON'T KNOW WHAT YOU'RE TALKING ABOUT, OKAY? WE'RE JUST VISITING AS THEY WANNA MEET KHET SO GET YOUR FACTS STRAIGHT THEIR HEALTH IS FINE." Of course right after he starts talking about his parents health issue weirdly. But yeah, easiest way to catch him out in a lie is to make that lie a source of insults. Phil wants the pity of his shitty situations, but not the mockery, he keeps the narrative up as long as he's given pity and when the mockery arrives he changes the narrative. It makes him a massive flip flopper.

 

[Prince Lotor]

Wait. . .so are you telling me DSP is trying to bilk not only the Wheelchair Peoples of the World, but his parents too, out of as much money as he possibly can. . .with a big fat lie? Phil? Next thing you're going to tell me he will make the lie even bigger to get even more pity bux and cover that he just wants to sell his shitty condo ASAP before the Real Estate bubble bursts in his crime riddled city full of people who speak loudly while walking in the street.

Phil just wants to keep what he has, what he's worked his ASS off for 10 YEARS to EARN!
Do you guys really think he's that much of a greedy, slimy, shifty-eyed, lazy, scummy, disgustingly rampant asshole that he would do something like that? Yeah, me too

 

[James Smith]

Realistically speaking how would he fuck up at work? He doesn't have employees, would someone have to like fall in his office? I just don't get how Phil would really have more actual liability then a normal person just given the nature of his business because the "goods and services" he delivers aren't really tangible. I get that he's financially liable but realistically speaking he's pretty much just a homeowner.

For one thing DSP constantly literally slanders people and companies dozens of times his size.

 

[Salubrious]

Now, I've never used a tax attorney or a CPA like DSP claims to be doing, but how long would it actually take an actual CPA to do DSP's taxes? I feel like it's going on three weeks now. DSP's taxes cannot be that complicated, can they? Or is DSP just so far down the priority line that the CPA wouldn't have even started yet, and then burn through it in a couple of hours when the CPA feels like it.

 

[That Hedonist Nerd]

Now, I've never used a tax attorney or a CPA like DSP claims to be doing, but how long would it actually take an actual CPA to do DSP's taxes? I feel like it's going on three weeks now. DSP's taxes cannot be that complicated, can they? Or is DSP just so far down the priority line that the CPA wouldn't have even started yet, and then burn through it in a couple of hours when the CPA feels like it.

Since he's Sole proprietorship, he only has to fill out a small number of forms:

• 1040 (Individual Tax Return we all do) - 2 pages long
• Schedule C (Profit or Loss Statement) - 3 pages long
• Schedule SE (Self-employment tax) - 2 pages

There's other forms, like medicare and social security declarations but if it was left up to him I'm sure he wouldn't file those.

CPA cost to file for something like this - sole prop, no employees, no complications - minimum $300-500 and max of $1500 or so. About 2 days.
He'd be getting a 1099 form from YouTube, Twitch (I assume they both send it out, they kind of have to).
No idea about his donations and tips, but I'm going to guess that's all 'unreported' income as well.

 

[James Smith]

PayPal will send him a 1099 as well.

 

[That Hedonist Nerd]

I've noticed a big change in Phil's demeanor. from around the end of last year with the super depressive failure marathon that he did while drinking and basically realized he was financially fucked because of his money in to money out ratio and debts with interests that he can't pay down. This is why the emerald seven stuff didn't really change Phil's demeanor.

Over the last few weeks with the mention of the visit to his parents all the feeling of defeat seems gone and he always seems to be in a mood WAY better than someone who is about to lose their house unless they make (low-ball estimate) 10k. When the drinking marathon failed you could tell he knew he was fucked, when pandalee left you could tell he was extremely bitter and acting out on stream (mvci hiliarity). He is now acting like everything is fine but saying everything isn't which makes me think hes now using the situation as a way to rake in pity bucks.

Call me naive but his attitude matched the stuff he said, that he would lose his house and that he was fucked and I think he genuinely was but I have a theory.

Phil never does anyone for someone out of kindness or out of humanity, he always needs to get something out of it and that goes for family too, we know the resentment Phil has over every little thing relating to his parents and how they fucked him over and over or mistreated him. Do you really think he would go visit them all of the sudden just because they may eventually get cancer or Alzheimer's? He would only do it if it benefited him in a big way to go back to that place he's terrified of and hates.


I think Phil had his weekly (probably monthly) phone call with his parents at anytime from the start of this year to recently (didn't dissect it enough to point out a specific time where the shift happens). His parent's said "We haven't seen ya in so long we miss you Phil. You know its hard for us to come down now that were older" Phil told them he's been wanting to but work is just so consuming especially now and with all the stress and issues and fear of losing the house and how screwed he is but he still has to try. Phil's parents dipped into what they have left and told him they'll pay the taxes so he can keep his house for now and fly him out so they can see their only child. I think Phil knew he had this as an option which is why he chose to spend the emerald seven money to pay down credit card bills for future spending. There's no other reason he would put a huge chunk of the money he could've used towards taxes to free up some credit.

Phil would never go to a place he hates and fears (CT), to see people where the majority of the stories he tells about them are negative and clearly show resentment (parents) because they're in their late 60s. The leanna hospital incident highlights that even with someone who is way closer to him any bad health is just an inconvenience and a few hours having to spend in relation to it is grounds to rant to an audience about time wasted. Now we're supposed to believe this motherfucker is going to CT just to visit his parents because they're late 60s? for a week?

Everything points to Phil telling his parents he really wants to see them and misses them but he cant stop working or hes going to lose his house and still might anyways, he guilt tripped them and they said we'll pay it so you dont have to worry about it and stress so much and so we can see our only child. Phil accepted and kept the public story line the same because it's just more money in his pocket with an already established narrative.


From the prestream from today, he is laughing while talking about the taxes, calling aspects of the situation good. That's not how Phil would be acting if the reality of the situation was that he needed 10k in 30 days or he would lose his comfort and identity as a "successful adult".


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He completely pretended the emerald seven thing didn't happen for months and now since he knows his taxes are paid he is bringing him back into memory so he has a way to explain how he paid the bill without mentioning his parents and making it seem like he didn't just pocket all the money he begged he needed.

Then again who the fuck knows what DSP is doing/planning/thinking and what's going on, this probably isn't even the case because this guy is so unpredictable and illogical hes practically an alien. I'm probably also just trying to find things to support a random autistic theory but we'll find out more soon enough.

Man, I'm glad you said this. I don't often listen directly to his streams as they happen, tend to sample. But for that one I had to, because I connected an AI network up to his stream. And I trained the network by watching every DSP vid from Soma, Mighty D, etc. So when it was active it was spitting out a ton of "Confidence: Insignificant"
Insignificant is what I use for these things when the network has such litle confidence that it's "numerically insignificant".
So I tuned in to see what was wrong and... he actually wasn't an insufferable cunt. Everything you say makes a hell of a lot of sense.

 

[KangarooPissSpray]

Man, I'm glad you said this. I don't often listen directly to his streams as they happen, tend to sample. But for that one I had to, because I connected an AI network up to his stream. And I trained the network by watching every DSP vid from Soma, Mighty D, etc. So when it was active it was spitting out a ton of "Confidence: Insignificant"
Insignificant is what I use for these things when the network has such litle confidence that it's "numerically insignificant".
So I tuned in to see what was wrong and... he actually wasn't an insufferable cunt. Everything you say makes a hell of a lot of sense.

Do I take this to mean your AI wizardry was saying that Philliam is a enigma of contradictions or is that just hopeful autism? I’m B4 his mystery illness is multiple personality disorder.


Edit-

PayPal will send him a 1099 as well.

I’m guessing the same would hold true for Teaspring and possibly even his zombie cafepress (lul).

 

[James Smith]

I’m guessing the same would hold true for Teaspring and possibly even his zombie cafepress (lul).

Some companies send it no matter what. Everyone is supposed to send one if they pay someone over $600 in a year for their services. He might not get one from Teespring or CafePress.

 

[KangarooPissSpray]

Some companies send it no matter what. Everyone is supposed to send one if they pay someone over $600 in a year for their services. He might not get one from Teespring or CafePress.

I hope that they are both of the “when in doubt send it out” camp as I’d love to see the piggies heart wither another notch when he opened them to see pitiful amount and had to hand them over the cpa/attorney as further evidence that Dave is nothing but a joke who lives purely off the donations of people that should be spending their assistance monies in much better ways.

 

[That Hedonist Nerd]

Some companies send it no matter what. Everyone is supposed to send one if they pay someone over $600 in a year for their services. He might not get one from Teespring or CafePress.

Thanks for telling me paypal does it too. Did they always? Ran an online store 10 years ago selling used sci-fi books (Huge market for em), mainly Amazon and ebay. Don't remember getting anything from paypal though.

I'm assuming then that since Muxy tip pays out to Paypal, that's covered too.

 

[Il_Duke]

I can't believe I haven't seen it brought up before this point, but I saw it mentioned in passing on a Twitter reply - what are the odds Phil's on something like a 5/1 ARM? Knowing how he deals with Credit Card introductory rates (from the pig's mouth himself), I wouldn't be surprised if he had gotten himself on one of those introductory interest-only adjustable rates. For all we know, he's looking at his mortgage payment jumping 30-40% in May once he hits 5 years in.

Evidence against that would say you usually need a VERY good credit score to qualify for one, but you can still have a good credit score shuffling between cards - and who says Papa Dave isn't co-signing? As for "If he's really fucked, he should be more nervous'" we're talking about a cockroach who's grabbed victory from the jaws of defeat a dozen times now, he's trained himself to assume something/someone's just going to magically come along and bail him out.

 

[Freshtodeath]

I can't believe I haven't seen it brought up before this point, but I saw it mentioned in passing on a Twitter reply - what are the odds Phil's on something like a 5/1 ARM? Knowing how he deals with Credit Card introductory rates (from the pig's mouth himself), I wouldn't be surprised if he had gotten himself on one of those introductory interest-only adjustable rates. For all we know, he's looking at his mortgage payment jumping 30-40% in May once he hits 5 years in.

Evidence against that would say you usually need a VERY good credit score to qualify for one, but you can still have a good credit score shuffling between cards - and who says Papa Dave isn't co-signing? As for "If he's really fucked, he should be more nervous'" we're talking about a cockroach who's grabbed victory from the jaws of defeat a dozen times now, he's trained himself to assume something/someone's just going to magically come along and bail him out.

Don't know if this matters but I remember his mortgage company having a very low rating, like 2 stars or something. So perhaps they gave him a predatory loan. You might be spot on with the may thing cause I believe he moved out in June 2014.

 

[James Smith]

@actually can we get a breakdown of what percentage of DSP's income comes from what "tier" of tips (e.g. $1-4, $5-9, $10-24, $25-99, $100+)?

 

[actually]

@actually can we get a breakdown of what percentage of DSP's income comes from what "tier" of tips (e.g. $1-4, $5-9, $10-24, $25-99, $100+)?

Shouldn't be a problem. I'll work on that later today if I have time. If you don't see something from me in the next few days, send a PM to remind me.

 

[Haunter]

Some companies send it no matter what. Everyone is supposed to send one if they pay someone over $600 in a year for their services. He might not get one from Teespring or CafePress.

Thanks for telling me paypal does it too. Did they always? Ran an online store 10 years ago selling used sci-fi books (Huge market for em), mainly Amazon and ebay. Don't remember getting anything from paypal though.

I'm assuming then that since Muxy tip pays out to Paypal, that's covered too.

According to Paypal:

"PayPal will track the payment volume of your account(s) to check whether your payment volume exceeds both of these levels in a calendar year:

• $20,000 USD in gross payment volume from sales of goods or services in a single calendar year
• 200 payments for goods or services in the same year"

"If you cross the IRS thresholds in a given calendar year, PayPal will send Form 1099-K to you and the IRS for that year early in the following year."

Phil might have 200 payments, but $20,000 in a year seems unlikely. So, he wouldn't get a 1099-K, at least as far as I understand Paypal's tax thingy.

I can't believe I haven't seen it brought up before this point, but I saw it mentioned in passing on a Twitter reply - what are the odds Phil's on something like a 5/1 ARM? Knowing how he deals with Credit Card introductory rates (from the pig's mouth himself), I wouldn't be surprised if he had gotten himself on one of those introductory interest-only adjustable rates. For all we know, he's looking at his mortgage payment jumping 30-40% in May once he hits 5 years in.

Evidence against that would say you usually need a VERY good credit score to qualify for one, but you can still have a good credit score shuffling between cards - and who says Papa Dave isn't co-signing? As for "If he's really fucked, he should be more nervous'" we're talking about a cockroach who's grabbed victory from the jaws of defeat a dozen times now, he's trained himself to assume something/someone's just going to magically come along and bail him out.

I think what you're talking about's been mentioned here. For example:

I mean he literally just told us that he put $10k on his CC's last year. He has also talked about how he used to buy everything on CC's.

I consider this supportive of the position that he has a ARM that may be getting ready to balloon.

I wouldn't be surprised if he's been paying his mortgages with CC's for years.

@SoapQueen1 Plus what are the rates on cash advances? We know he took thousands in cash advances; what if it was $10-15k? What would that swell to if you made minimum payments for a decade?

It sounds like he let it slip his mortgage is also ARM. That's where the rising interest rates would hurt the most.

It's the only way I can fathom any financial institution giving him a 2nd mortgage when he was $50-60k underwater on his original.

? You can search "ARM" in "This thread" for some other examples.

 

[actually]

Phil might have 200 payments, but $20,000 in a year seems unlikely. So, he wouldn't get a 1099-K, at least as far as I understand Paypal's tax thingy.

I don't know about all that. I can find my 2018 roundup (or someone can find it sooner, since it'll be a bit), but I wouldn't be at all surprised if Phil went over $20k via Paypal. Keep in mind that any off-stream tips wouldn't show up there, and he usually hits somewhere around $1500-$2500 in tips monthly on-stream.

@actually can we get a breakdown of what percentage of DSP's income comes from what "tier" of tips (e.g. $1-4, $5-9, $10-24, $25-99, $100+)?

Apologies for the double-post, but here's the requested breakdown for March. I'll be honest and say that I'm not checking these numbers manually to verify, but the >$50 one checks out, I believe, and that's a decent sanity check. Also, these are not 100% of the tips, but again, it conveys the general idea.

Tips under $1: 33 totaling 33.00
Tips between $1 and $5: 45 totaling 163.41
Tips between $5 and $10: 14 totaling 131.01
Tips between $10 and $20: 12 totaling 207.00
Tips between $20 and $50: 8 totaling 335.00
Tips above $50: 3 totaling 630.00

Here's February for comparison:

Tips under $1: 86 totaling 86.00
Tips between $1 and $5: 90 totaling 294.32
Tips between $5 and $10: 35 totaling 286.68
Tips between $10 and $20: 13 totaling 214.38
Tips between $20 and $50: 12 totaling 335.00
Tips above $50: 4 totaling 320.00

So the overwhelming number of tips are less than $5, but he has some whales that are providing the bulk of the tip money, at least in February.

 

[James Smith]

Tips under $1: 86 totaling 86.00
Tips between $1 and $5: 90 totaling 294.32
Tips between $5 and $10: 35 totaling 286.68
Tips between $10 and $20: 13 totaling 214.38
Tips between $20 and $50: 12 totaling 335.00
Tips above $50: 4 totaling 320.00

That's really even across the board. I expected to see a lot more $1 tips.

 

[actually]

That's really even across the board. I expected to see a lot more $1 tips.

Well, that's also from last month, so he was pushing "MUH HOUSE" tipping hard. Here's October 2018 before he brought out the taxes:

Tips under $1: 90 totaling 90.00
Tips between $1 and $5: 69 totaling 248.24
Tips between $5 and $10: 31 totaling 286.34
Tips between $10 and $20: 5 totaling 80.00
Tips between $20 and $50: 13 totaling 529.00
Tips above $50: 5 totaling 510.00

He's getting far more tips that are $5 and under compared to $5 and over, but the large tippers again represent the bulk of his tips.