Definitely the day from hades...

Guru

Long story short...I'm screwed. Found out most of this today. Investment that I made, failed. No returns, went belly up. Commission check, customers check bounced. Can't find them. Won't get commission now till they pay. Student loans, out of grace period. Got it in the mail today. Not sure what's going to happen or what to do. Wifey doesn't know about this stuff yet.
I'm screwed!

jmbkb4

Man, that sucks. What are you going to do? What kind of investment was this?

Guru

Well, the only thing I can think of is sell off my collection. Sell my X-box and all my other luxuries. I trusted my brother in law on this. He lost too. Fortunately for him, he has assets to fall back on. I don't.

BobaFett72

1st mistake, don't listen to your brother in-law.

did your wife know about this at all? will this come as a complete surprise>

what kind of investments>? if you dont mind the query.

Guru

1st mistake was correct. I shouldn't have. My wife did know about this investment. She said okay to it. It was in a local business.

drewsef

check with who your student loan is through and see if they will allow you to prove your income and adjust your loan payments, it worked for me when I got out of college and the forbearance year period passed. The loan bill came out to $110 a month, which was much more tolerable than what they expected me to pay.

Guru

Just got online to check that stuff out with the Student loan. Unfortunately, I'm well above poverty level with our joint income and they won't let me do it.

jmbkb4

<< <i>Unfortunately, I'm well above poverty level with our joint income.... >>



see, it could be worse!!

Guru

Yes, it could be. I guess I'm just in the freak out stage. We don't have any friends or family that aren't up here. Sorry, it's hard to talk to anyone about it.

SoonerCowboy

Dude, you had better tell your wife right now before it gets any worse. In the future do not do anything financially without getting with her first and you both agree on it. I hope everything turns out alright.

lawnmowerman

Would this be a good time for the bear, Chris?

Just trying to make you smile

bigfische

Guru, this is not an attack, but last time you started a thread about buying a bunch of stuff, i made the comment that you had previously started a thread saying that you had already used up your card budget for the year. You responded by saying i didnt realize my finances were in question. All im saying is you maybe shouldnt post certain things on internet message boards, if you dont want it to be brought back up later.

Guru

The wife knew as I had mentioned earlier. Matt, I need the bear. Bring em out. Bigfische, thanks. I appreciate you looking out for me. I understand what you mean about posting things. I'm just in a panic mode right now. Don't have anyone to talk to about it. The wife isn't mad. She's being encouraging right now. For some reason she thinks I'm going to go do something stupid like shoot myself or something. Can't say I've ever thought of doing that ever in my life. Not going to start right now.
I know some of you will read this and think, "here he goes again being dramatic." If that's what you're thinking, please don't post. I've already had to take some pills today to relieve myself of the anxiety that I'm feeling.
I've got enough saved in Paypal to cover my ebay expenses for this week. Hopefully we'll find the customer who didn't pay soon. Maybe a miracle will take place. Hopefully I'll sell some cards on the bay. Lessons are being learned. Honestly I've lived a really sheltered life and I'm too trusting. I guess this is what I get for my ignorance.

cwazzy

Good luck with everything, Chris. I wish you guys the best. Hopefully it doesn't come to the point of selling your things. But if you do let us know. I'm sure you have some great stuff and would get plenty of action. And I hear you about being too trusting. I'm still waiting for that to bite me in butt as well. You'll win some and you'll lose some. All we can do is learn from our mistakes.

Chris

bifff257

I am sorry about the Financial hit you are taking... Man that really right before Christmas. Hang in there, you will dig your way out of this......





<< <i>Well, the only thing I can think of is sell off my collection >>




That is one good thing about the money "we" spend on our collection.... We can always unload it and get some money back...

SoonerCowboy

Oh sorry, I understand now. The wife doesn't know about the aftermath yet. You guys will be alright. Might have to make a couple of cuts here and there. Possibly start selling some of your collection but hey you can't die with it right. My wife and I made it when she couldn't work because of cancer. Your probably younger then I am and believe me if I haven't burst into flames yet I think you'll make. Just hold on to each other tightly and both of you will look back and remember the hard time that both of you survived through.

yankeeno7

I know it would suck but it wouldnt be the end of the world if you took a semester off from school...unless your program doesnt allow for that because the classes arent offered.

rube26105

hope you read my pm of what i did yesterday lol-that will cheer you up

baseballjeff

If it's any consultation,

--it happens. Thanks to Forrest Gump we all know what I am saying. Another thing, things are hard right now, but at least they can't get any worse. Don't forget, the sun will come up tomorrow, baseball cards are still going to be bought and sold, and the x-box will still be jamming out some of the best games out there. Not all, because some of us like Playstations.

Hang in there bro, and we wish you all the best in this hard time.

Don't forget though, it's only money.

yankeeno7

Mama always said her box was like a chocolate. You never knew what you were gonna get!

gocatsgo538

Sorry about that Guru... I really hope things can work out for you. Sometimes life can be rough, but hey. When life gives you lemons... MAKE LEMONADE!!!

Allen

Keep a few cards you really like and sell the rest to get out of it. I say don't worry when you still have assests to liquidate, but that doesn't mean to have a fire sale. If this is the worst thing that ever happens to you, consider yourself lucky.
"And I know what I have to do now. I have to keep breathing. Because tomorrow the sun will rise. Who knows what the tide could bring? "

PasadenaMudSlide

This, too, shall pass, brother.

Don't panic. Sit down with your wife and create a financial plan. Now.

Sincerely, all the best.

stown

The sun'll come out
Tomorrow
Bet your bottom dollar
That tomorrow
There'll be sun!

Just thinkin' about
Tomorrow
Clears away the cobwebs,
And the sorrow
'Til there's none!

When I'm stuck a day
That's gray,
And lonely,
I just stick out my chin
And Grin,
And Say,
Oh!

The sun'll come out
Tomorrow
So ya gotta hang on
'Til tomorrow
Come what may
Tomorrow! Tomorrow!
I love ya Tomorrow!
You're always
A day
A way!

rube26105

i thought you were singing little orpan annie for a minute barry

Guru

Hey guys. The wife and I sat down and talked. It was a tough talk. We're fine though. She definitely is not mad or upset with me. She did however call my brother in law and got on him over the phone while I went and took a shower. He then called me and asked me what was going on. I told him that I thought he took advantage of my trust and the fact that we are family. I told him that not everyone has assets to fall back on like him and that because of this I was going to have to get a second job now. He asked how that was going to affect me working for him a.k.a. can I still get his crap done. I told him at this point I didn't really care. I let him know that if I leave the company then he's going to be S O L since I've run the office for a while now.
I appreciate all the kind words and the PM's from everyone. Today has been a really tough day. Quite a bit of hits that came my way. Hard decisions to be made. But, I'm still alive and my wife still loves me. I did however learn that I need to take off these rose colored glasses of the world. I can't live my life anymore thinking that everyone is good and nice and that there's no way they would lead me down a wrong path.
Well, I'm tired and I've taken 2 zan-ex's so it's time for bed. I've decided to take the rest of the week off. Since I'm salary at my job, it doesn't matter whether I'm there or not. I'm heading to Kentucky to get some fresh air and see some friends and family. Thanks guys.

jimq112

<< <i>I was going to have to get a second job now. He asked how that was going to affect me working for him a.k.a. can I still get his crap done. I told him at this point I didn't really care. I let him know that if I leave the company then he's going to be S O L since I've run the office for a while now.
I've decided to take the rest of the week off. Since I'm salary at my job, it doesn't matter whether I'm there or not. I'm heading to Kentucky to get some fresh air and see some friends and family. Thanks guys. >>



First off take a deep breath, it'll be a struggle for a little while but you'll get through it.

If your main job is working for your brother in law, don't give him a reason to send you on your way and don't threaten to quit. No matter how mad you are at him, don't mess with your money until you have a better sure thing job. Then leave him hanging. If you get in a pi$$ing contest with him you will lose. Bad idea.

I don't agree with the selling your collection idea, if you can avoid it. I don't know what your collection is, but right now people are thinking gas prices and christmas, and in our area they're thinking heat bills too. If you can get good money for stuff that isn't your focus then sell it but like Allen said you don't have to have a fire sale.

If you're near a large post office they are ALWAYS looking for Christmas casual help. It doesn't pay great but unless you have a bad criminal record you can just about walk in and get hired this time of year. Stop by the biggest office in your area and ask who you talk to about christmas help. The earlier you ask the better the chance to get hired. They work 24 hours so you can work after your regular job.

jay0791

As someone who does not know you here is some friendly advice.
First, tell your wife......some of your stress is having to tell her....get it over with and remove that stress. She will know soon anyway.
You might find that real hardship might bring the two of you closer together.
The same thing happened to my dad many years ago...a family member urged my dad to invest everything he had.....lost it all.
He recovered....so will you. The lessons that cost the most are the ones we learn the most from.
Second, money is far from the most important thing in life. Just talk to someone from the depression era. My grandmother used to say, "we didn't know we were poor until someone told us."
All material things are recoverable......you have lost nothing sentimental. You might seek some advice from a financial counselor. A little advice there might help your recovery......someone might give you a free 1/2 hour. The simple fact you had the resources to begin with tells me you will bounce back without a problem.
Third, divert yourself of this worrying right now........to the happy times of thanksgiving.....if you have your health and people who love you.....that's all yo need to be thankfull for. Best wishes.

Downtown1974

Sorry to hear of your situation Guru. It is so unfortunate that money can cause such stresses in our lives, but everyone goes through it I guess. Just remember Guru, dont let it hurt your life at home. Family is pricelss. You will get back on track so hang in there!

Guru

About ready to leave for the weekend. I appreciate all the excellent advice. My wife has locked my baseball room up so I can't get to anything to sell anymore than what is listed yet. She wants me to get through the weekend first and then she said both of us will sit down and go through it all. She said it will help to have someone else there as far as the need to keep and want to keep thing. Like for example, I don't collect David Ortiz stuff, but for some reason I have a ton of his cards.
I realized this morning that I have been spending more time focused on making money than my family. So, my wife and I are going to go see financial counselling. I'm also going to go get a second job for the time being. Whoever mentioned the post office, thanks. That's the first place I'm going to check. Pride I think is the biggest issue here.
But, now with all that said, I'm leaving and going to stay focused on my family for the weekend. I hope everyone has a fantastic Thanksgiving. I am thankful for everyone's friendship on here. Thanks and blessings.

Chris