Apr 28th, 2020 | Tom Talks

LET'S USE WHAT WE'RE LEARNING DURING THIS PANDEMIC We know what we did wrong this last time. And we're paying for it! What can we do better next time with our money, our spending, our lives, starting today? Will we learn from this disaster?

<--break->What have you learned since COVID-19 changed our lives forever? Tell Tom: tom@blowmeuptom.com.

HOUR 1

Comments

Submitted by MGTOW Gamer on

I learned that you're pretty much on your own and that there are scammers out there.

Submitted by TallTim on

The fear of this virus will give us hygiene theater long after this is gone. We'll be doing the same things (distance, masks) long after they are not necessary.

Just like flying. One idiot tries to smuggle something explosive using his shoes, now we all take our shoes off like obedient children in perpetuity. We all get groped at the airport. Wonderful. (Unless you give all your information to the govt so they can build a profile on you - "Pre Clearing" you of course.)

Tom has said this nation is full of pussified men, well, this is the outcome.

Quaking in fear at every suggestion of possible doom.

Submitted by TallTim on

This is hilarous - a bunch of people using AirBnB as their income strategy are overleveraged on mortgages that they can't pay -- because they had no contingency plan if rental income dried up.

"That sum would provide little relief to hosts such as Jennifer and David Landrum of Atlanta. In 2016, they started a company named Local, renting the 18 apartments they leased and 21 apartments they managed to corporate travelers and film-industry workers. They spent more than $14,000 per apartment to outfit them with rugs, throw pillows, art and chandeliers. They grossed about $1.5 million annually, mostly through Airbnb, Ms. Landrum said.

They spend about $50,000 annually with cleaning services, about $25,000 on an inspector and $30,000 a year on maintenance staff and landscapers, Ms. Landrum said, not to mention spending on furnishings.

When Airbnb began refunding guests March 14, the Landrums had nearly $40,000 in cancellations, she said. The couple has been able to pay only a portion of April rent on the 18 apartments they lease and can't fulfill their obligations to pay three months' rent unless bookings resume. They have reduced pay to cleaning staff and others. Adding to the stress, Georgia banned short-term rentals through April.

"It's scary," said Ms. Landrum, who said she has discounted some units three times since mid-March. The Landrums have negotiated to get some leniency from apartment owners on their leases. If not, Ms. Landrum said, they would have to sell their house."

Submitted by masterautotech on

your advise has changed my thinking about the world i live in. i know i need to be living the best life that i can. i really plan on doing a better job with my finances which is the most important thing to me in my life.

Submitted by TallTim on

I'm also pleased that my posts have helped illuminate and educate during these trying times.

LOL

Don't worry, I don't have anything to sell, just fucking around.

Submitted by padres74 on

Tom I'm not in your money territory. Yet consider myself wealthy. I'm still driving my original 2008 Yaris. Runs great. Debt free. Pressure free feeling. I've a few mini-pensions. Plan to retire next May. Maybe sooner
I'm in the catbird seat. What a freeing feeling that I was taught to not live beyond my means. Your precepts work.
Hey youngens listen to Tom about money and relationships. Either pay now. Or pay later. He's saving you 15 to 20 years of a living hell!!

Submitted by padres74 on

Tom I'm not in your money territory. Yet consider myself wealthy. I'm still driving my original 2008 Yaris. Runs great. Debt free. Pressure free feeling. I've a few mini-pensions. Plan to retire next May. Maybe sooner
I'm in the catbird seat. What a freeing feeling that I was taught to not live beyond my means. Your precepts work.
Hey youngens listen to Tom about money and relationships. Either pay now. Or pay later. He's saving you 15 to 20 years of a living hell!!