DSP's Loan & Savings Company -

actually

Local Moderator
True & Honest Fan
kiwifarms.net
Wait. 1,5%? Are you kidding me? If we estimate Phil makes 100k a year then he just has to pay 1500 dollar business tax per year? And that is even before we wager all deductables. Fuck me this idiot can't handle this much in taxes??? Though there should also be a personal tax for him as a person right? Still only this much? Damn is he incompetent
Yeah, the B&O is pretty small but it's based on gross income, so you don't get to take out business expenses. This is also just his state tax. The big whammy is the federal taxes, and that's what he has a lot of trouble paying, because it ends up being more like $15-20k.
 

Retarded Forever

Timenigger From 2030
kiwifarms.net
This is a man with a finance degree.
Finance is a worthless degree on par with an education in Gender and Feminist Studies, it is a worthless field for a dying bank industry who needs bailouts because they don't produce anything of value unlike Engineers, Doctors, Software Devs, and tradesmen. It is 8th grade level education being sold as a legitimate career.

Of course Phil doesn't know about budgeting and saving, because anyone with an entrepreneurial mindset would know that all business degrees are only good for ruining businesses and throwing you into the 5150 mental ward with all the other losers in the world who couldn't hack it because they weren't diverse enough. It doesn't even produce managers or leaders. You become a manager through job experience with skills learned online or in class.
Wait. 1,5%? Are you kidding me? If we estimate Phil makes 100k a year then he just has to pay 1500 dollar business tax per year? And that is even before we wager all deductables. Fuck me this idiot can't handle this much in taxes??? Though there should also be a personal tax for him as a person right? Still only this much? Damn is he incompetent
It is called greed and entitlement. A common trait among finance dude bros who want to run a sports company out of college. There is a reason why Phil makes videos instead of being employed, it is due to the fact that finance is a worthless and disgusting career to work for.
 
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Hot Dawg

Dogs sometimes sweat.
kiwifarms.net
A person that makes over 6 figures for the last 12 years and is still in crippling debt isn't wealthy and will never be wealthy. His poor decisions and lack of common sense will always ensure he is in debt, whether he makes 1 dollar or 1 million dollars.

It is amazing to see someone this bad documented and flailing in real time. Sadly a lot of people are like this with money but don't have the spotlight placed on them. They also have real obligations and expenses like children and so on, but that's beside the point.

Phil losing his partnership should hurt a bit but shouldn't kill him. His reaction speaks for itself.
 

Flavius Anthemius

Praetorian prefect of the East
kiwifarms.net
Not just not investing, but not even saving. He literally had no savings listed in his bankruptcy docs. I can't fathom doing that.
I know that alutta people (we'll just say the general public) are financially illiterate when it comes to maximising financial returns in terms of any sort of investments, but yeah it really is quite fathoming that Phil has been in the high income benchmark for a fairly long time and he absolutely pissed all that money away, something that people with a fraction more understanding of how to manage money and finances could have become millionaires with that sort of money if they played their cards right.

Yet the only sort of tangible assets that Phil actually invested in so to speak off was his pop culture collecter statues, and yet he even managed to screw up there as well by not retaining their value at all and selling most of them for peanuts to viewers and at pawn shops.
 

Freshtodeath

Kwhality Khantent
kiwifarms.net
The markets have been on fire for years. Any idiot could have put money in and won. Phil could have made thousands off crypto or stonks. Also with his income cut down remember he has to pay his mortgage and HOA every month. IDK if we know how much that is but its gotta be at least like 1500-2k.
 

Muppetmode

kiwifarms.net
The markets have been on fire for years. Any idiot could have put money in and won. Phil could have made thousands off crypto or stonks. Also with his income cut down remember he has to pay his mortgage and HOA every month. IDK if we know how much that is but its gotta be at least like 1500-2k.
Connecticut condo hoa was like 450, rest might be listed in the op. Think they said how much he pays on his bankruptcy
 

actually

Local Moderator
True & Honest Fan
kiwifarms.net
The markets have been on fire for years. Any idiot could have put money in and won. Phil could have made thousands off crypto or stonks. Also with his income cut down remember he has to pay his mortgage and HOA every month. IDK if we know how much that is but its gotta be at least like 1500-2k.
WAkhando mortgage + HOA was/is ~$1830. CT condo fees are not known exactly, but probably around $300 too.
 

ReentryPhantom

It is business related, and I still own it.
kiwifarms.net
Given to me by the detractor that lives in his gated community. Enjoy!
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GigaOPC

kiwifarms.net
Those websites just scrape from listings so that $290 is from when the house was listed before dsp bought it. If you check the other houses in the development on that site they range from like $200 condo fees for someone who has lived there since it was built to like $350 for someone who bought a couple years.
 

Iron Hamster

Days DSP has waited for Twitch apology: 33
kiwifarms.net
I was pondering if that was the case based on the price. Though it does tell us he can't be paying more than $1500/mo mortgage.
 
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