Thread: I am set for life. AMA
11-07-2017, 07:41 PM
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#91
Originally Posted By PeaceWithin⏩
Oh, I missed that. Well, wtf OP lol, don't stop contributing. You have to realize you may have kids, may have surprise medical expenses, and have to account for inflation. $2m 30 years from now will be like $500k now (or something like that, you get the idea) you're ahead of this race, don't sit down and relax now.OP basically said he plans to stop contributing, lol. So.... yeah.
11-07-2017, 07:41 PM
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#92
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Originally Posted By MrGreenTea⏩
He's precisely as rich as successful as he makes himself out to be.He's not trolling but at the same time, he's not as rich and successful as he makes himself out to be.
Look up his previous thread where he cracked the sads about having to line up for his welfare payment.
11-07-2017, 07:43 PM
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#93
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Originally Posted By Hadtodoit⏩
Pretty much this. Lol.Oh, I missed that.Well, wtf OP lol, don't stop contributing. You have to realize you may have kids, may have surprise medical expenses, andhave to account for inflation. $2m 30 years from now will be like $500k now (or something like that, you get the idea)you're ahead of this race, don't sit down and relax now.
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11-07-2017, 07:47 PM
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#94
Originally Posted By dyee4613⏩
Yeah, that's a dumb idea op. You have a serious blessing to understand how investing works, how compound interest works, and to have a big chunk saved up at your age. You stop now you'll regret it forever. Inflation is a pain in the ass and we're guaranteed a few recessions before we get old. Don't rest on your laurels yet.Correct. We are excluding future contributions because he states, "no longer need to contribute".
11-07-2017, 07:59 PM
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#95
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Originally Posted By ashin1⏩
2 properties that will be paid off within 2 years, and will have 0 debt by then
currently $150k sitting in a retirement accountcompounding it's dividends month over month(no longer need to contribute, by the time i am 65 it will be worth millions)
currently $150k sitting in a retirement accountcompounding it's dividends month over month(no longer need to contribute, by the time i am 65 it will be worth millions)
Originally Posted By dyee4613⏩
Just trying to keep consistent with the OPI don't know where you came up with your numbers but the formula is 150k(1 + X%)^38.
Edit: I looked at the graph again...why are you using monthly compounding, that makes no sense.
Edit: I looked at the graph again...why are you using monthly compounding, that makes no sense.
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11-07-2017, 08:01 PM
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#96
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Nice job OP, we all gonna make it mane!
Haters gonna hate as usual.
Haters gonna hate as usual.
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11-07-2017, 08:04 PM
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#97
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we're all gonna make it
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11-07-2017, 08:06 PM
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#98
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Originally Posted By r32gojirra⏩
Rekt. Other than the fact that OP makes up so many stories without providing proof, this is also him, a beta Asian incel. Almost makes me ashamed to be Asian tbhGot this one covered op:
One of the properties is a trailer in a trailer park that his parents bought for him. Not the plywood skatersmp though, that was 100% op's doing.
The other is a flat in a developing country.
One of the properties is a trailer in a trailer park that his parents bought for him. Not the plywood skatersmp though, that was 100% op's doing.
The other is a flat in a developing country.
Would let my dog piss on his face if I saw him lol

11-07-2017, 08:09 PM
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#99
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congrats my bro
you on the right path
you on the right path
11-07-2017, 08:15 PM
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#100
11-07-2017, 08:16 PM
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#101
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Originally Posted By Issobolic28⏩
You're kidding right? I live in AZ and most people don't own their own homes until they're at least 28+.Your gf most likely works at some minimum-wage job where you're considered a god if you own a home; when in fact owning a home at 26 is more common than you think.
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11-07-2017, 08:22 PM
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#102
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Originally Posted By PeaceWithin⏩
there is your problem. dividends don't compound. if he uses the dividends to buy more shares, that's the same thing as buying more stock. you switched the formula from 150k(1 + .07)^38 to 150k(1+.07/12)^38*12 which is suggesting the asset will perform betterJust trying to keep consistent with the OP
11-07-2017, 08:23 PM
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#103
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Nice brag thread op
Don’t believe it
Don’t believe it
11-07-2017, 08:25 PM
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#104
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Originally Posted By ashin1⏩
So the rest of your life is soul sucking then? No thx 11.5 months of winter how do you survivein Canada there are plenty of 6 fig jobs that aren't soul sucking you just have to be willing to live in the northern parts of Canada lol
11-07-2017, 08:25 PM
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#105
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Originally Posted By sumusikoo⏩
create a plan on how to achieve whatever goal you have in mind, stay focused, and add structure to your life that will help you stay on track.Tips on how to make it? I owuld be fine just by semi making it, wanna get retired a bit earlier than 68 years old without living in dog chit poverty.
inb4 work hard. We both know that's not how it works
I'm a lazy **** anyways, I'm smart and have high IQ but I just can't do things that I don't fancy at all, my attention span is literally terrible. Don't really mind living like an average guy anyways, my needs don't require me to be above average in terms of income, only thing I truly wish for is to somehow having made it in my 50's so I can retire a bit earlier
inb4 work hard. We both know that's not how it works
I'm a lazy **** anyways, I'm smart and have high IQ but I just can't do things that I don't fancy at all, my attention span is literally terrible. Don't really mind living like an average guy anyways, my needs don't require me to be above average in terms of income, only thing I truly wish for is to somehow having made it in my 50's so I can retire a bit earlier
Originally Posted By MrGreenTea⏩
well to be fair i am no where near poorHe's not trolling but at the same time, he's not as rich and successful as he makes himself out to be.
Originally Posted By Hadtodoit⏩
couldn't agree more brahI'm not sure why some posters here get so upset that OP said something good about himself. I know the types, they're generally unhappy with themselves and just don't like hearing about the happiness of others.
I've also noticed that successful people LOVE seeing other people do well and encourage them. So I only assume that the posters here who actually give a decent response are doing ok in life.
On that note, good job OP. I recognize your avi and know that you're doing well, continue to coach other people. Nothing wrong with being happy that your life is going well, and nothing wrong with sharing it. GJDM.
I've also noticed that successful people LOVE seeing other people do well and encourage them. So I only assume that the posters here who actually give a decent response are doing ok in life.
On that note, good job OP. I recognize your avi and know that you're doing well, continue to coach other people. Nothing wrong with being happy that your life is going well, and nothing wrong with sharing it. GJDM.
Originally Posted By Godfrd824⏩
pretty easy to live here as long as i have wifi, and a smart phone.OP is not a nurse, OP is a nurse's assistant, he makes so much money because he lives in a desolate Tundra where even McDonald's workers make $30+ dollars an hour, because no one wants to live there.
I guess if you aren't scared of the outdoors this place is awesome for hunting, camping, and fishing. summer = long peaceful days

Originally Posted By dyee4613⏩
did you also factor in dividend growth rate, and dividend splits, and dividend reinvestment discounts?I don't know where you came up with your numbers but the formula is 150k(1 + X%)^38.
Edit: I looked at the graph again...why are you using monthly compounding, that makes no sense.
Over the past 30 years or so, the S&P 500 has returned 7.52% (inflation adjusted). As a rule, you should assume the average investor is not going to do as well as the S&P as professional investors usually do worse than the S&P. So, the 7% I went as high as anyone should go, especially when you consider he suggested using DRIP with a retirement account.
Here is an idea of how important the %'s are
6% it's 1.3 mill
7% its' 1.9 mil
8% it's 2.7 mil
I used 7% to be chariable and to show that even with 7% he still doesn't reach the most liberal definition of millions
Edit: I looked at the graph again...why are you using monthly compounding, that makes no sense.
Over the past 30 years or so, the S&P 500 has returned 7.52% (inflation adjusted). As a rule, you should assume the average investor is not going to do as well as the S&P as professional investors usually do worse than the S&P. So, the 7% I went as high as anyone should go, especially when you consider he suggested using DRIP with a retirement account.
Here is an idea of how important the %'s are
6% it's 1.3 mill
7% its' 1.9 mil
8% it's 2.7 mil
I used 7% to be chariable and to show that even with 7% he still doesn't reach the most liberal definition of millions
Originally Posted By Hadtodoit⏩
I got my skatepark, and i'll have my winter getaway soon. until then i am focasing on refilling my TFSA, as i cashed it out when i twas at $74K to put a down payment on this property. So my goal is to top that back up and then focus on the RRSP again.I think you're probably not including OP's annual contribution to that, you're just assuming his stock portfolio stays stagnant at that amount. If he's under 30 and has accumulated $150k in savings on his own, safe to assume he saves a big portion of his income and can continue that trend.
Include the expected annual savings from income, compound that annually, he'll do very well. Keep it up OP. Don't get flashy too quick.
Include the expected annual savings from income, compound that annually, he'll do very well. Keep it up OP. Don't get flashy too quick.
Originally Posted By PeaceWithin⏩
i'll keep investing money into the stocks...I just need some fresh capital...waiting on that 2 week stub lolFair enough. Like I said, for what I posted he would have to have a perfect 38 year run. Some bad years and dips in the market would definitely set him back.
The biggest takeaway is that OP shouldnotstop contributing to his fund for 38 years... that is the worst choice he could make...
OP basically said he plans to stop contributing, lol. So.... yeah. He would do substantially better if he kept contributing a high amount.
The biggest takeaway is that OP shouldnotstop contributing to his fund for 38 years... that is the worst choice he could make...
OP basically said he plans to stop contributing, lol. So.... yeah. He would do substantially better if he kept contributing a high amount.
Originally Posted By BigChief3000⏩
nopei have a question for you. can you stop making such sh!t threads?

Originally Posted By Tzaddiq⏩
just to the negative nancies ITTDo you feel superior to other people? Srs.
Originally Posted By Hadtodoit⏩
I'll keep adding to it, i never said i was gonna retire anytime soon. I am just building some solid momentum, and life is getting easier and easier as the years goes by.Oh, I missed that. Well, wtf OP lol, don't stop contributing. You have to realize you may have kids, may have surprise medical expenses, and have to account for inflation. $2m 30 years from now will be like $500k now (or something like that, you get the idea) you're ahead of this race, don't sit down and relax now.
Originally Posted By Gashbell4595⏩
Nice job OP, we all gonna make it mane!
Haters gonna hate as usual.
Haters gonna hate as usual.
Originally Posted By solidus2k3⏩
:')we're all gonna make it
Originally Posted By RiceBrah93⏩
living the dreamRekt. Other than the fact that OP makes up so many stories without providing proof, this is also him, a beta Asian incel. Almost makes me ashamed to be Asian tbh
Would let my dog piss on his face if I saw him lol

Would let my dog piss on his face if I saw him lol

Spoiler!

Originally Posted By goonsondeck⏩
thx brahcongrats my bro
you on the right path
you on the right path
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11-07-2017, 08:29 PM
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#106
- stardewvalley
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An ER tech - don't you just need to take like a night time class for that at your local community college?
I'm having trouble connecting the dots on how that pays 6 figures in Canadian dollars.
I'm having trouble connecting the dots on how that pays 6 figures in Canadian dollars.
11-07-2017, 08:29 PM
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#107
11-07-2017, 08:33 PM
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#108
- RiceBrah93
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Originally Posted By ashin1⏩
The face of a true beta frauding incelcreate a plan on how to achieve whatever goal you have in mind, stay focused, and add structure to your life that will help you stay on track.
well to be fair i am no where near poor
couldn't agree more brah
pretty easy to live here as long as i have wifi, and a smart phone.
I guess if you aren't scared of the outdoors this place is awesome for hunting, camping, and fishing. summer = long peaceful days
did you also factor in dividend growth rate, and dividend splits, and dividend reinvestment discounts?
I got my skatepark, and i'll have my winter getaway soon. until then i am focasing on refilling my TFSA, as i cashed it out when i twas at $74K to put a down payment on this property. So my goal is to top that back up and then focus on the RRSP again.
i'll keep investing money into the stocks...I just need some fresh capital...waiting on that 2 week stub lol
nope
just to the negative nancies ITT
I'll keep adding to it, i never said i was gonna retire anytime soon. I am just building some solid momentum, and life is getting easier and easier as the years goes by.
:')
living the dream
Spoiler!
thx brah
well to be fair i am no where near poor
couldn't agree more brah
pretty easy to live here as long as i have wifi, and a smart phone.
I guess if you aren't scared of the outdoors this place is awesome for hunting, camping, and fishing. summer = long peaceful days

did you also factor in dividend growth rate, and dividend splits, and dividend reinvestment discounts?
I got my skatepark, and i'll have my winter getaway soon. until then i am focasing on refilling my TFSA, as i cashed it out when i twas at $74K to put a down payment on this property. So my goal is to top that back up and then focus on the RRSP again.
i'll keep investing money into the stocks...I just need some fresh capital...waiting on that 2 week stub lol
nope

just to the negative nancies ITT
I'll keep adding to it, i never said i was gonna retire anytime soon. I am just building some solid momentum, and life is getting easier and easier as the years goes by.
:')
living the dream
Spoiler!

thx brah

11-07-2017, 08:43 PM
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#109
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did you also factor in dividend growth rate, and dividend splits, and dividend reinvestment discounts?
Do you think I'm an idiot? I'm not going to just type in some generic formula...Here is my process:1) Step one: Determine your portfolio. I hired a PI firm to analyze every piece of information they could find on you. After spending thousands of dollars, looking at every single piece of information available on you I was able to create a criteria for what you may invest in. From there, all I had to do was test this criteria against every publicly available fund and allocate how much you'd put in each company. Easy.
2) Step two: With a pretty good idea of the companies you may or may not invest in, I just had to analyze the companies and estimate the performance over a 38 year period. It's pretty simple to predict a company's dividend policies, performance, and retained earnings so this didn't take long. So, I have my models.
Step 3: A lot of people say, there's no way you can predict 38 years into the future. These people are idiots. I ran a DDM on the expected dividends to make sure they matched up with the company's market cap. Obviously, this means I did it correctly.
Step 4: Finally, I just applied your money into the models and out popped the returns. So, of course I captured all the dividend splits, dividend growth, and dividend investment disconts (???)
11-07-2017, 08:47 PM
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#110
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Originally Posted By NLNFunKti0nz⏩
no one says you have tooNice brag thread op
Don’t believe it
Don’t believe it
Originally Posted By soaponarope1⏩
lol nah its not anywhere near that brutal, 5 months of winter and 1 of fall and 1 of gross spring when everything is still kinda muddy lol then gold after the restSo the rest of your life is soul sucking then? No thx 11.5 months of winter how do you survive
Originally Posted By stardewvalley⏩
Gettin good paying jobs in Canada is easy, i've been saying that for a while now.An ER tech - don't you just need to take like a night time class for that at your local community college?
I'm having trouble connecting the dots on how that pays 6 figures in Canadian dollars.
I'm having trouble connecting the dots on how that pays 6 figures in Canadian dollars.
Originally Posted By Beauuu⏩
I just bought a property with an ocean front view of some of the best waves in the world. so what about having 2 homes?Is owning a home brag-worthy now? Have fun living in one place for the rest of your life.
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11-07-2017, 08:48 PM
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#111
- MantissToboggan
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At first I couldn't stand you bc you're a kunt, but I like how you own it and don't give a phuk.
Makes me lolz. You're still a kunt, but an entertaining one.
Makes me lolz. You're still a kunt, but an entertaining one.
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11-07-2017, 08:48 PM
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#112
11-07-2017, 08:49 PM
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#113
11-07-2017, 08:51 PM
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#114
- metallicide
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Originally Posted By stardewvalley⏩
Spoiler... it doesn't lmao, average pay is around 33k a year.. Ya sure they are paying OP 3x that...An ER tech - don't you just need to take like a night time class for that at your local community college?
I'm having trouble connecting the dots on how that pays 6 figures in Canadian dollars.
I'm having trouble connecting the dots on how that pays 6 figures in Canadian dollars.
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11-07-2017, 08:59 PM
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#115
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Originally Posted By metallicide⏩
https://careers.albertahealthservice...nce-2190-28232Spoiler... it doesn't lmao, average pay is around 33k a year.. Ya sure they are paying OP 3x that...
He's probably doing something like that. Keep in mind, that shift work is probably 60 hours a week or so. So the math kind of checks up. If you can get into the oil field, even if it is just pushing a broom, then almost everything pays six figures.
It's the same thing for the Aussie brahs who work in the Kimberly area.
11-07-2017, 09:02 PM
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#116
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Originally Posted By MantissToboggan⏩
i knew i'd win you over <3At first I couldn't stand you bc you're a kunt, but I like how you own it and don't give a phuk.
Makes me lolz. You're still a kunt, but an entertaining one.
Makes me lolz. You're still a kunt, but an entertaining one.
Originally Posted By fj123⏩
no, but once I am debt free, I can use my rental income as a form of passive income, and i could quit full time and work on my own terms as a casual. But i think i'll keep grind it out, i mean for the most part i would say its easy money. but then again I have almost 8 years of experience under my belt.150k isn't goign to give you enough returns to retire RIGHT NOW if you wanted to.
Also, but who was emergency fund?
Also, but who was emergency fund?
Originally Posted By Amino89⏩
thanks GAwesome broseph! This is the kinda stuff I like to hear. People on the misc are so Fukn salty. Keep grindin 💯
Originally Posted By metallicide⏩
than how do i get tax returns from the government like this?Spoiler... it doesn't lmao, average pay is around 33k a year.. Ya sure they are paying OP 3x that...

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11-07-2017, 09:05 PM
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#117
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Originally Posted By DoYouEvenNEM⏩
current wage is $43/hrhttps://careers.albertahealthservice...nce-2190-28232
He's probably doing something like that. Keep in mind, that shift work is probably 60 hours a week or so. So the math kind of checks up. If you can get into the oil field, even if it is just pushing a broom, then almost everything pays six figures.
It's the same thing for the Aussie brahs who work in the Kimberly area.
He's probably doing something like that. Keep in mind, that shift work is probably 60 hours a week or so. So the math kind of checks up. If you can get into the oil field, even if it is just pushing a broom, then almost everything pays six figures.
It's the same thing for the Aussie brahs who work in the Kimberly area.
and i get paid insane overtime rate for coming into work when i am off the clock for ER orders.
brb make $3k in a weekend, and 4-5K if its a long weekend or holidays.
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11-07-2017, 09:33 PM
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#118
11-07-2017, 09:54 PM
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#119
- stardewvalley
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Originally Posted By ashin1⏩
All for tradie's workcurrent wage is $43/hr
and i get paid insane overtime rate for coming into work when i am off the clock for ER orders.
brb make $3k in a weekend, and 4-5K if its a long weekend or holidays.
and i get paid insane overtime rate for coming into work when i am off the clock for ER orders.
brb make $3k in a weekend, and 4-5K if its a long weekend or holidays.
insanity
11-07-2017, 10:04 PM
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#120
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Originally Posted By r32gojirra⏩
literally lol. was not expecting thatThanks for having the bravery to share your story with the misc- at least others can learn from your situation.
A salutary lesson to the rest of you miscers- work hard and get a degree or you will be spending your prime years living in a trailer and relying on your parents generosity for survival.
A salutary lesson to the rest of you miscers- work hard and get a degree or you will be spending your prime years living in a trailer and relying on your parents generosity for survival.
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