Let me tell you why and I'm an angryYOUNGman Here is my typical day:
8:30am, the phone rings
[me]Hello, this is Angry, can I help you
[customer]Hi Angry, it's Mrs X. I was wondering what your Jumbo CD rates were today?
[me]Well Mrs. X, my published rate is 2.5%, but for you since you're doing a jumbo, I can probably get you 2.75%.
[customer]Is that all! Geeze, rates are horrible now. I can't live on 3% interest. Well, I guess I'll have to take it. I'll bring you a check in later today.
[me]OK Mrs. X. How's Mr. X? Are you and he doing anything exciting today?
[customer] We're going down the casinos this afternoon
CASINO'S?!?! WTF? You're *****ing to me about how 3% is poverty level interest, and you're getting ready to go blow $300 or more at the casino? Probably more since Mrs X has a lot of money with me. Don't phuquing insult my intelligence! So then I try to tell Mrs X, as well as all the other CD loving customers, "You know, there are other alternative investments out there besides CD's that pay pretty well." The question I'm always asked...."Are they FDIC insured?" WHO THE FUCK CARES ABOUT FDIC INSURANCE!? If you read the rules of FDIC insurance, they have 99 years to pay you back if anything were to happen. 99 YEARS!!! You, nor your children, may ever see that money. Is you home insured by the FDIC? Is your car insured by the FDIC? Is your life insured by the FDIC? So what the fuck is the big deal about the FDIC?? You'll stick $100,000 in a CD earning 2%, and you're worried about insurance? Let me tell you about the rule of 72. Take your current interest rate. Divide that by 72. THAT'S HOW LONG IT WILL TAKE FOR YOUR MONEY TO DOUBLE. Example
2% interest rate divided by 72 = 36 years. 36 years for your investment to double, and you're worried about FDIC!!!
And that folks is the very reason why I could never post a picture of myself on the internet
8:30am, the phone rings
[me]Hello, this is Angry, can I help you
[customer]Hi Angry, it's Mrs X. I was wondering what your Jumbo CD rates were today?
[me]Well Mrs. X, my published rate is 2.5%, but for you since you're doing a jumbo, I can probably get you 2.75%.
[customer]Is that all! Geeze, rates are horrible now. I can't live on 3% interest. Well, I guess I'll have to take it. I'll bring you a check in later today.
[me]OK Mrs. X. How's Mr. X? Are you and he doing anything exciting today?
[customer] We're going down the casinos this afternoon
CASINO'S?!?! WTF? You're *****ing to me about how 3% is poverty level interest, and you're getting ready to go blow $300 or more at the casino? Probably more since Mrs X has a lot of money with me. Don't phuquing insult my intelligence! So then I try to tell Mrs X, as well as all the other CD loving customers, "You know, there are other alternative investments out there besides CD's that pay pretty well." The question I'm always asked...."Are they FDIC insured?" WHO THE FUCK CARES ABOUT FDIC INSURANCE!? If you read the rules of FDIC insurance, they have 99 years to pay you back if anything were to happen. 99 YEARS!!! You, nor your children, may ever see that money. Is you home insured by the FDIC? Is your car insured by the FDIC? Is your life insured by the FDIC? So what the fuck is the big deal about the FDIC?? You'll stick $100,000 in a CD earning 2%, and you're worried about insurance? Let me tell you about the rule of 72. Take your current interest rate. Divide that by 72. THAT'S HOW LONG IT WILL TAKE FOR YOUR MONEY TO DOUBLE. Example
2% interest rate divided by 72 = 36 years. 36 years for your investment to double, and you're worried about FDIC!!!
And that folks is the very reason why I could never post a picture of myself on the internet
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