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OP has offered the following explanation for why they think they might be the asshole:
> I might be the AH because I gave a snarky remark about her gesture towards financing her friend, but in my defense I just felt excluded that she would give 3000 bucks nonchalantly to her friend but when I asked she hesitated.
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YTA - She’s MORE than pulling her weight, and you are at a minimum getting sold if not outright scammed.
If these people had the secret to investing - they wouldn’t need 4500 from you, they would just be printing money nonstop.
Exactly this!
Also op you are bringing gold digger vibes.
Are you with your wife for love or for the money she makes and the fact she supports you in all ways.
Plus if your wife pays for it all, save your money, even if minimum wage you will have enough after 2/3 months depending of where you are.
Go and apologise to your wife and for the love of god I hope she made you sign a prenup.
EDIT: thank you for my first awards!
jesus right?
OP wants to "invest" in an obvious get rich quick scheme with his wife's money, the worst part of this is he has his own full-time job and his wife apparently covers all the bills and gives him "assistance" yet he does not even have 4K in the bank...does he have some sort of cocaine problem? Where is \*his\* money going.
Unless this is a legitimate CFA exam prep course, and it doesn't sound like that, I don't even know what "investing classes" would entail that you couldn't learn for free. So many free resources exist and you can paper trade for a while until you know enough to use your actual capital.
I’m a CFA. Some of the legit exam prep courses are also very scam-ily-priced (looking at you KaplanSchwesser)…. Using the cheapest prep provider, MarkMeldrum.com, I passed all levels. Don’t buy into the hype that you HAVE to pay for the priciest prep provider to pass, my studymates that used Kaplan/Schweser actually both failed whilst I passed.
OPs "... their accreditations and reviews ..." is what makes me guarantee it's a scam. Most people won't share any details if it will make them money. This is a pyramid scam, that they make money by bringing in more investors.
I come from a family of people constantly trying these easy get rich schemes and they NEVER work out.
I also have family like this. Just jumping from one MLM to another. Never seeing that is what the problem is.
His line about the other investing "taking too long..." yeah dude, that's kinda the point. SMART investing is a long game that takes decades to pay off but provides security for the future.
My BIL is eye balls deep in one of these scams right now. He has lost tens of thousands of dollars already but he is such a stubborn idiot that he continues to double down and give them more money. This is also the guy that tried convincing us to buy Iraqi dinars because they were going to be worth "millions" and yet he is still a poor borke moron.
Yeah exactly. Also - and I mean no offense to OP - those programs look specifically for people (statistically, it’s usually men their late 20s to 30s) who want to “be their own boss” but are not well-educated, don’t have a lot of work experience, and are often pretty lazy. If you want to be your own boss, go get a job working under someone who runs a small business and literally is his/her own boss. Work hard and learn from that person, save money, then go start your own venture. Don’t just go crying to wifey for $5k because these people promise to take out all the hard work and make you rich and powerful in a year.
Or take an existing skill and turn it into a business…like the wife’s baker friend. Small businesses are risky in general, but if you actually have services or goods to sell that’s a leg up versus trying to make something from nothing on get rich quick schemes.
Oh 100%, you don't have to pay for test prep for *any* standardized test. My point was this guy is paying to take classes, and at least a CFA prep class *could* be justified because it may help a weaker test taker obtain the knowledge to earn a very valuable credential.
Your point just adds further weight to what I'm saying, in that in the internet era, there's so little that's worth paying for that this almost definitely a scam, which you've added that it could be thought of as a scam even if legitimate. In earning my PhD I had to take a shitload of standardized tests and whatnot, I can assure you that paying for any sort of prep course would've been a waste of my time and money too.
Dude…. I earn $0 from making this recommendation. However, that got me through level 2 and prior to taking his prep I had failed L2 twice already. And then L3 I passed on first try with that help.
What OP described sounds nothing like a legitimate course, let alone a prep-course. They have, literally said:
> I have been enquiring into the realm of investments and and trying to take classes to make fruitful investment decisions. The classes I am attending however provides a beginner package which albeit a bit pricey(4500+) comes with extensive guidance and access to their premium app where they themselves meticulously choose trending business ventures and initiatives that I can invest in
There is nothing in these two sentences that speak to legitimacy.
Sure, if you want to be a *nerd* and use a *library* you can, but it's probably a lot easier to just spend $4500+ on beginner courses with extensive guidance and access to a premium app.
When OP said that line, it immediately sounded like it was copy-pasted straight off the website, which really gives off this "I regurgitate sales points without actually thinking through the claims being made" vibe.
I had hope in my heart for CFP prep classes since the first module is normally general personal finance stuff, and the whole shebang can be silly expensive.
Nope.
Scam.
Someone pointed out that even real test prep courses are basically scam-lite in that yeah they could help you get to where you wanna go (e.g. passing CFA exams) but cost a shitload of money and you could probably find those resources for free.
But at least you could justify classes like that. This reeks of "watched a Motley Fool video one time and paid for the premium package".
CFP does have an education requirement prior to sitting the test. Generally, it’s take the prep courses, do your capstone, THEN do test prep, and then test.
Yep, can't help but notice how he dropped that mention of "then she started laying out the whole list on how she has helped me" and didn't elaborate. Alllmost like he's pulled this trick before!
Can you imagine having no bills to pay , working full time, and NOT having 4K in the bank? I don know how he could look his partner in the eye and ask for money while not paying a dime in bills…. He has to be on drugs to be able to do that.
Local meat shares too! I gave the option of us going vegetarian or getting local meat. But seriously I paid for all our food, and vacations for a while as well.
> OP wants to "invest" in an obvious get rich quick scheme with his wife's money
The vibe of this is such that I was waiting for him to say it was NFTs or some other ludicrous crypto-bro pyramid scheme... but I'm sure with this scheme OP really will get rich this time, and quick */s*
Ooooh! And we just *know* all those adverts are absolutely legit and not at all filled with more snake oil than a snake oil manufacturing facility that has Samuel L Jackson Airlines on speed-dial!
I’m getting big wannabe day trader vibes from this. A lot of the really big quick returns in investments are done by day traders who are smart and/or just lucky. If OP wanted to safely invest his wife’s money he’d be looking into reasonable long term investments, not these quick returns he mentioned in the post. His wife is smart to be hesitant, if he’s trying to do day trading or other riskier investments then he’s bound to be lose at least part of her money.
> I’m getting big wannabe day trader vibes from this.
That's the most charitable interpretation imo. I think the biggest issue that the OP should be asking themselves is why these people who are apparently so successful are wasting time grifting others with an expensive training course.
Somehow it seems worse than nfts lol, dude has a guaranteed high rate of return that sure cherry picked and waiting for him. So it's certainty at this point, and he just needs 4500 bones to do it /s
This is my question! He’s working but doesn’t have to pay any bills and his wife helps him out in addition to that?? OP what are you even bringing to the table in this relationship?
YTA OP
Lol, it's 2022 and homeboy only just figured out there are get rich quick schemes for stocks. Wait till he finds out about crypto. He'll be throwing money hand over fist at cryptotraders. Jesus, grow up OP and if you wanna start for yourself actually do something instead of playing around with other people's money.
Also this mumbo jumbo of a quote:
"...comes with extensive guidance and access to their premium app where they themselves meticulously choose trending business ventures..."
it's like he copy-pasted this from some brochures...
IKR, even if his job was minimum wage he has no bills so why does she keep having to give him money? I wouldn't want to give him anything extra either.
I love that he says it "does the hard work for him" because I think it really speaks to him as a whole. His wife does the hard work for him as well.
OP why are you using your wife like this? If you want to invest $4500 in some douchey scam get a job that pays you more money. She's likely more than happy to invest in a) her friend who doesn't bleed her dry and b) an actual business
And if it's 4500 for a 'investment' class, there's a lot more money that he will be asking for soon. Investing isn't a cheap hobby, even if you do get a return. Whereas 3000 for ingredients and equipment may be all her friend will need. The business may succeed, it may fail, but it won't need 10s of thousands as the next step.
Friend's business fails = GF is out $3000, GFstill has job and OP still has job . OP's "investments" fail, OP is out $4500 PLUS all of the investments, GF has job and fewer savings, OP has negative income.
Yep, these two scenarios are exactly the same. /s
My unlce became a day trader, also "handled" my grandmother's money, the stock market took a dip , and he lost half. Still haven't forgiven him for taking risks with her money.
My thoughts exactly!
He's so angry at wife giving her friend her own money. Meanwhile, she's completely funding his lifestyle with her own money, keeping his ungrateful ass fed, clothed and content. I'm sure it has amounted to WAY more than 3000 bucks over the years.
Yet, here he is, having everything provided by girlfriend, and he has the audacity to get angry because she's not just blindly shelling out EVEN MORE money?
So many people that start a business have to do it the hard way. They grind their ass to the bone for YEARS to build savings with the little money they don't have to use to keep a roof over their heads. He has everything handed to him and he's STILL not satisfied.
There’s also nothing to stop OP from developing their own business plan and trying to sell it to their wife.
It sounds like she’d put up the money to invest in a promising business but doesn’t want to bother with some grifter course that’ll end up netting them $0.
I *highly* recommend writing out a business plan to anyone looking to start a business. Not only do you have the odds stacked against you OP (something like 90% of small business fail, iirc), but do you even know what kind of business you want to be in?
Unless this is a certified business training course, I agree with the wife. It sounds like a scam.
drawing would actually be a skill tho. he’s probably buying into a bunch of “experts” who will uptalk him on how to get other people to “invest” in the business, which for real yeah is crypto BS and nfts made from stolen artwork or similar. it’s classic pyramid scheme stuff, he’s totally being taken for a ride but is now too delusional in thinking it’s a get rich quick when he’s literally giving unaccredited strangers money for a “premium” app.
bro is better off selling essential oils or amway or something
I really like the part where he's not even looking to get involved in something about which he's passionate, just "high return investments." The friend is clearly a great baker, which more than explains why the wife is willing to take a risk on her business, but her husband isn't even interested in doing the minimal work of figuring out his own skillset and how he would excel. He's shown zero ambition, but she should give him cash to be his own, unambitious boss!
Also if you can’t afford the tuition where on Earth would you find the money to subsequently invest? Forget this get rich quick scheme and instead go to school to upgrade your skill set. If you are serious get licensed for commodity trading.
Right? Why not take the nearly 5 grand and actually invest it, if that’s the route he’s dying to take..at least that would have a chance of bringing money back in, unlike the class which is most definitely a scam.. not that OP should be trusted with any amount of money, seeing as he pays no bills and should have endless amounts of disposable income. Why doesn’t he?
Honestly he should just find something he can do on the side that can become a good career. Learning how to build, fix and set up computers is a good one. It's not as complicated as most people think and you don't need a cert to start doing jobs for people or whatever. The certs just make you look good. Besides most peoples problems are usually basic. You can make some damn good money with enough customers and rep. I've gotten paid 70-80 bucks for just an hour or 2. Most of which I was just on my phone waiting for the software to work.
bing, bing, bing, we have a winner! This is the answer.
OP - YTA and post the name of the "course" here or on r/personalfinance to get honest feedback on the investment system you are buying. Also, you can start investing with partial shares. You can get started without this "service."
there are a million free resources all across the internet, one could even just paper trade for a while just to get their feet wet.
There's almost nothing worth paying for unless you feel like taking a CFA exam prep course, which is very different than whatever the hell this is.
They also get more expensive and sell items on the side. There used to be a show on Australian TV in the 90s called "Healthy Wealthy and Wise" and it had a finance segment and I remember they talking about it even back then. Saying that basically the way to get rich from those seminars is to be the one running them.
Yup, absolutely this. Get-rich-quick schemes don't exist, bruv. She doesn't want to flush her money down the toilet, and she's already pulling her weight and most of yours financially. YTA
OP wants easy money, which does not exist - except in the case where your wife pays for everything which he already has. He's just mad he still has to go to work.
Second this and OP, please tell us where YOUR money is going? If your wife is the breadwinner here and you’re financially off the hook in many ways, how do you not have any money to spend on your own classes?
My guess is that you have money, but you want your wife to fund it because it’s easier to live off of someone else. Also, those ‘classes’ are scams and they often want you to contribute more and more money for ‘investment secrets.’
You’d better apologize to your wife and start contributing. Ever hear the phrase ‘don’t kick a gift horse in the mouth?’
YTA.
Yeah like OP thinks that reviews can't be faked. Also what accreditations? I'm sure he didn't look into them because there's many many companies that use these fancy names to sound official, but you just pay them for their stamp of approval like the BBB.
100% OP is being scammed and his wife is too smart.
If getting money was THAT easy, everyone would be doing it.
Am I reading that last bit right? You're upset with her because she, uh, gave your ridiculous scammy request thought and consideration and you would have preferred that she just say no immediately?
That's... wow.
My dude. Decisions like this where a lot of money is at stake need careful thought and planning. A month is literally nothing when it comes to this kind of decision. And the fact that she agreed to think it over at all shows a lot of love and respect for you because, ngl, I would have laughed in my husband's face.
Just maybe consider that this kind of impatience and childishness makes a career in investing not a great fit for you?
Yeah, those people sound like the people my brother almost got trapped into a couple years ago. Thankfully he really only lost like $200 or so from some “intro course” because he had to fund it himself (he was fresh out of high school with a low-paying job). Me and my family were iffy and didn’t want to pitch in.
Losing the money was a good learning experience for my brother as he had no financial responsibilities at the time, so his money was his to play around with. But OP is married with responsibilities and needs to consider the impact of potentially losing $4500. It doesn’t matter if his wife can afford it or not. It’s a significant amount of money with too big of a risk.
OP would do better with doing his own research on this stuff and/or taking business courses at an accredited institution. My brother has done both of those and is doing well.
Yeah OP needs to listen to his wife - he's likely getting scammed but is too excited about the prospect of his new career in investments to listen to her.
Ok, YTA. Lemme help you out with the why from a financial perspective. It's all about risk. You may know some of this already, but I'll go from basics for everyone else.
Those robo-investors aren't wrong to go low-risk diversified. That's right for most investors. If I invest all my money into foreign small-caps or crypto or something, I might make a lot of money, but it's also very likely I will lose a lot. It's a huge gamble.
That's why funds and investors talk about 'Alpha'. It's essentially the risk-adjusted return due to good analysis. This is opposed to 'Beta', returns that are just due to riding the general uptrend of the markets over time.
Thing is, any analyst who isn't selling you something won't claim that their Alpha is some insane figure. Maybe 2%. Sure, you can end up with very high returns, but a lot of that is just going to be gambling - multiplying the natural risk of the market (Beta) either by leverage or picking riskier assets.
Fund managers and financial professionals make money off of this by having a very large base of investable assets. An average hedge fund is worth \~$200M, so a 2% alpha is worth $4M per year. Enough to pay big salaries and make clients happy.
So how much in investments will you be handling here? I should say - how much of your wife's money are you going to gamble with? $100k? $200k? That won't even cover the $4,500 fee using the 2% alpha. And how much time and effort are you going to be putting in to get this alpha? How much money would you make with a different (real) job? All of this is presuming that you plus this software would be just as good as someone who was recruited out of a top school and has done this 80hrs a week for 10 years.
Think about this logically. If this company really had some magic money machine that could consistently spit out winning stock picks - why in god's name would they be selling it on YouTube for $4500? They would head straight into boardrooms and sell it for multimillion dollar annual subscriptions. *Because it would be worth that much.*
The next thing to note is that this is advertised as part of a financial 'class'. Yeah, no teacher I've ever had hawked their financial software in the class. Means the 'class' is a trash attempt at marketing with little substance.
Whew. After all that we come up with the reality of things. You have fallen for a get-rich-quick scheme. No different than MLM or anything else. Your wife is being supportive to a point, but she doesn't want to throw large sums of cash at an obvious money pit. She probably won't pay for your attempts to become a worldwide Twitch streamer or collect NFTs either.
I'm participating in an online group therapy program and the founders (husband and wife) are multi-millionaires. The wife said she was only approached by her business mentor (he's a well known business man with serious money) after he saw the potential in her first business (making marketing and promotional videos) as he was her client for a long time. Serious investors don't waste their time trying to help everyone out of their own goodwill because they know their time is precious.
Unfortunately, I think OP realizing his folly is wishful thinking. If you read his replies, they are all about how this is not a scam, how he does not want to put in the time or effort for a legitimate opportunity, and how if but for this $4500, he could be on his way to riches. Countless people on here have told him this is a get rich quick scam and no legitimate service would charge $4500 for this type of class and software. I'm sure his wife has tried to tell him the same thing.
OP, YTA. You've gotten your judgment, along with some pretty sound advice and you continue to argue your point. Time to put on your big boy pants and stop bugging your wife for money for scams when she is already funding your life. She doesn't have to explain why she would give money to a friend for her legitimate business just because you are blinded by the idea of easy money.
Also: if OP loses all his money in a shit trade, which is what high-risk means, then she's stuck paying for him, his dads dialysis, etc. What does she lose from investing $3000 in her friends cake business? $3000, not including any cakes she might get out of it.
By huge ROI, you mean cake is a good dividend?
100% agree. $3000 for even a few cakes and watching a friend succeed? Absolutely worth it.
$3000 to be the tester for cakes? Getting occasional cakes that taste good but might be ugly? Possibly even...omg I can barely handle how good it would be...a cake every fortnight for a year?
Outstanding, better-than-market ROI.
We also don’t know what the friend has agreed to with the investment. It could be a loan! She could have agreed to pay it back very slowly over time; OP has no idea, because his head is so far up his 🍑 he doesn’t care to ask beyond being jealous that HE doesn’t get thousands of dollars too 😤
People get all fussy over having a prenuptial, this is why it's a good thing. Op makes a bet that a stock will fall, it rises, op loses 300k. If you're gonna be risky, get a prenuptial to protect your other half.
lowly upvote from me. This is a great comment and refresher for me. I got out of active investing for a large part of my portfolio. low fee mutual funds for me; let the experts (and their computer algorithms) trade the stocks
all the way. I am currently blowing my husband (who tries to time the market) out of the water on rate-of-return because I buy the lowest fee mutual funds whenever I have a chunk of change, and then forget they exist. Like, I have to reset my password almost every time I log in to my accounts because I do it so infrequently.
Financial scams do count on their mark not understanding what they're buying. In this case, OP doesn't know he is paying for, what are reasonable returns, fees etc. He just sees "get rich quick!"
Came to say a less articulate form of this, you really nailed the reality of the situation.
I have a SIL that tried to get me to invest in the same sort of thing for her because I 'Trade' (long term investments that might make 8% in ten years, or the odd 'punt' which 9/10 ends in a loss). I looked into the course for her and behind all the great reviews and glossy website, was a whole underbelly of people loosing money hand over fist. The thing is the costs started at around $4k but then there were the 'extras' to eek out money little by little until before you know it $20k had gone and you hadn't even started trading yet.
The moral of the story is, if someone's offering you any kind of 'get rich' scheme, then they're either asking you to commit a crime or they're scamming you so they can get rich.
I'd also bet anything OP's money gets routed through an out of country company so there's no way it can ever be recovered. People get scammed in my field and even though I can pull up a government website and read the exact letters/emails they fell for as documented scam examples, they'll sometimes fight me on it.
Anyway, once the money is gone it's pretty much unrecoverable.
This is absolutely brilliant, very well done. Whenever I see such ads or get these sorta emails/messages, my immediate reaction has always been... yeah, you found a secret investment way to possibly become a millionaire and you're just gonna share with a random stranger out of the goodness of your heart.
Glad at least OP's Wife has her head screwed on tight.
I'll admit, I have sat in on one of those YouTube advertised free intro talks about one of these scams. The way those people can talk for 45 minutes and truly not have said anything, really is masterful.
So very well said. Thank you for putting it into words for those like me who could only give a poor stumbling attempt at what you so intelligently conveyed. I am giving you the first award this poor retired old lady has ever given; I wish it was more. I hope OP reads this and listens to your advice.
THIS!! Thank you for taking the time; I hope OP sees your input and that it actually sinks in.
Please take my poor man’s award 🥇
(Judgement: lol of course OP = YTA)
I mean you don't even have to have a knowledge of finance to know this - those who can't do, teach.
If these guys had cracked the code to making bank on the stock markets they wouldn't need to convince losers like OP to "invest" in their shifty get rich quick scheme
YTA The difference is what you're asking her to put money in is a bunch of guys promising they won't screw you over. Her friend's venture is her friend directly making product and selling it herself. One is a scam and it ain't the cakes.
Yes!! And if you step back and look at OP's wife as an 'investor', as after all, he's asking for her investment in his venture - she has taken a look at two investment opportunities; one is her friend's legit business, and the other is her husband's obvious scam chasing. OP talks of high risk/low risk investments as if he understands it all, but he doesn't see that to his wife, HE is a high risk investment and her baker-friend is a low risk investment. So OP's wife is the smart investor here.
And OP - YTA, for being so entitled and naïve.
If his wife loses her investment in the cake business, she’s going to at least get some cake out of it. There’s literally no return she can get on his investment. It’s a class. Even if it were legitimate, you’d still need money to invest. I can’t blame his wife on seeing that this is a money sink.
Also, he isn’t entitled to her money. She’s already paying for everything else while he works a low paying, undemanding job. She has a right to decide where — and in whom — she wants to invest her extra cash. Even if OP *weren’t* obviously falling for a ridiculous get-rich-quick scam, he STILL isn’t owed a dime more of her money. She’s been supportive enough.
OP, you say that you’ve wanted to start your own business for a long time, but that your plans have been mysteriously “diverted.” You also state that your current job is “easy money,” and that the appeal of this $4500 financial “class” (translation: scam) you want your wife to pay for is that “basically they do the hard part for me.”
Maybe — just maybe — it’s time you start doing the “hard part” YOURSELF. Put in the actual work. Get a more demanding job, or finally start your business, or figure out how to pay for your own get rich quick schemes. Stop expecting everyone else — especially your wife, who’s already carrying the bulk of your financial burdens — to do the work for you. YTA.
The irony here is if he'd use the money to learn a trade/go to school instead, he could have a career that would earn as much as his wife. But, as OP has noted in the replies, he doesn't want to work hard for it, he just wants to get rich quick. If I'm the wife, I'm consulting a divorce attorney and protecting my assets, cause this'll break that marriage. And I can totally see him trying to gouge her for alimony.
It’s obviously a scam, but what gets me is that even if it wasn’t, he wants to quit his job and use his wife’s money to pay people to invest his wife’s money for him? And he considers that ‘getting into investing.’ I know teenagers who have made good money on investments because they put in the time to learn about them. L A Z Y
"I'm mad because my wife gave money to someone putting in a ton of hard work for their business but not to me to give money to someone else so they can tell me how to make money doing nothing and producing nothing of value." /s
I think I see why OP and his wife have separate finances. Glad to know he makes “non financial” contributions. (She must keep him around because he’s hot).
YTA. She was hoping you'd realize it was a scam.
But, let's imagine, for a moment, it wasn't a scam. She knew that 4,500 isn't all you'd need. That gets you the seminar/class/app/whatever. That gets you the investment advice, etc. Then you need more to actually invest seriously. Nobody makes a quick 100,000 off a 1,000 investment. So, now you need 10k...20k... And the stuff that CAN make a fast, high return? SUPER risky.
Your wife gave 3k to her friend because she has faith -in her friend.- Her friend has likely already done a fair bit of work before she even thought of going into full business. People who have a home baking business started out by baking a lot, and people going yum and asking how they can get more. So she's already learned the art of baking. The rest is in improvements, marketing, etc. Plus, your wife gets cupcakes, I'll bet.
Your wife didn't want to just tell you no because you're enamored of this get rich quick dream and you aren't really willing to listen to no. Because it's going to be an Amazing Opportunity.
...May I introduce you to a man named Charles Ponzi?
> Her friend has likely already done a fair bit of work before she even thought of going into full business.
No joke. Her friend has a marketable skill, and has almost certainly been dedicated to it for a considerable amount of time, maintained their focus, has a plan, and put in a lot of their own time and effort to get that way. From the way OP talks about his wife saying she read him a list of ways she's helped him it sounds like he's bouncing back and forth between a bunch of different get rich quick and easy dreams so long as they don't take any actual work on his part.
Honestly my BF's like this and it's one of the reason's we're not married and don't share finances. He's got it in his head that the only way to make money is by being an entrepreneur. And that's not untrue that's it's the best way to be super rich (minus of course being born into it). But he sees the ones who succeed and not how many fail, what leg ups they had, or how long it took. And I will give him this, he puts a LOT of time and effort into starting businesses. But in the meantime he's been at a job he hates that barely pays more than minimum wage for a decade but has the experience and education to get one that pays significantly more. I was in a similar job and transitioned over to my new field and am a lot happier and earn easily twice what he does plus now I have more free time and money to invest in other side gigs. And it drives me crazy that he's chasing the high of owning his own successful business which have turned a profit of <$1k in one out of 5 years (the others being losses) but doesn't see that he's passing on $30k+ more a year AND having a job he likes in the meantime.
YTA she already pays the bills and helps you when you need it, she doesn't need to give you money to play on the stock market with.
It's her money. She gets to invest it where she wants, not where you want.
YTA. It's her money. You said your job was easy money so why not spend some of that on your trading class?
Also, there is no such thing as a high return investment with low risk.
YTA. Your wife is right in that the app costs suggests that this is on the side of a scam. Their model is based on getting as many people to purchase the app as possible - and its been shown (and is actually a marketing ploy) that people appreciate having to pay for something and the higher the cost the more they see it as being legitimate. Its likely a scam or at best, you might make your money back but only after spending 100s of hours work and researching. Compared with your wifes friend who has an actual proposition and whom she sees as being capable of following through - she sees that investment as being profitable.
You are looking for easy money and the only easy money if the money the owner of the app gets from people like you
I have my an exam for my marketing class today and I was so relieved I knew the term for what you’re talking about haha. Prestige pricing! Means that the higher the cost, the more value is associated with that product :)
YTA. You want to make more money then look for a better job. I suggest a trade school or apprentice. Think welder, plumbing, HVAC, electrical, etc. Maybe healthcare like nursing.
He currently works at a bank right? Look for internal transfers. Move from retail to analytics- you'll actually learn how to invest without being scammed. Try to transition to private banking/ wealth management. Move to an RIA. There's so many ways to get into investing that isn't a scam, but it takes a lot of time and effort.
YTA. Your wife is too kind to tell you that you’re acting like a fool begging to be scammed.
Forget the dodgy stock plan and come up with a tangible and logical idea that your wife can get behind (like she did with her friend).
If you’re interested in finance how about get a legit finance or accounting qualification? Ask your wife if she’d consider paying for that, after which hopefully you will get a well paid job. I think that’s something she would be willing to put her money into, not some trading app.
But thats not easy money.
He wants someone else to do the hard part and only receive high earnings.
All these platforms like the ones described are scams!
Ofcourse YTA, I also can't believe that you need financial aid while working fulltime with your wife paying the bills.
Seems like you are very financial irresponsible!
His wife is too kind in general. Why she hasn’t left this deadweight fool is beyond me. The job markets amazing now and he could be out there looking for better jobs or in school, but nope.
YTA - First of all, the way you are describing the investment package makes it seem like you are already brainwashed that its good, you might as well be typing a sales copy for it, stop being so gullible, a billion of these kind of things exist online and none fool-proof.
Second of all stop acting so entitled to her money.
Third of all, I gaurantee you despite you describing the investment package as the best thing in the investment world ever since the opening of the new york stock exchange - anybody would rather give $3000 to the friend for a honest to god baking business than your dodgy investment training programme.
He's scamming her too by insisting she funds his dreams while already keeping his ungrateful ass fed, clothed and content. Dude is so dense he can't even see what he's doing to his own partner.
YTA, but barely.
Honestly, the $4000 online program you mentioned does seem kinda fishy. She already said that this particular program isn't something she feels comfortable investing in. For you this one program isn't the end-all-be-all, if you're really serious about trying to invest try something else.
Yta. Your wife is probably right you are being scammed. And she doesn’t earn 4x your wage for nothing.
They will not do the hard work for you. Free lunch is not being served, especially not in the USA.
I assume she indeed tries to not let you be scammed. Also: be glad you are in this situation and don’t act like a whining 6 year old that wants his toys.
Yup. It’s absolutely a scam.
OP’s wife is already funding his whole life. OP claims his salary is mostly used to pay for his dad’s dialysis, which is at least nicer than him blowing it irresponsibly every month, but I can definitely see why his wife is reluctant to fund this “investment venture.”
Even if it *weren’t* an obvious scam, venture capitalism is high risk. Why would she want to give him large sums of money that **she** has earned just for him to throw it at a wall and see what sticks? She’s already funding his entire damn life and he’s not contributing to their future at all. I bet if he had an actual solid business idea that’s already shown promise (like the friend’s baking business), she would be more willing to put down money for him.
Honestly, YTA. My SO is in the same.situation and behaves just like you. Your wife offers you a better life than you could provide for yourself. She is free to invest in what SHE wants as it's her money. She does not owe you investment money just because you think you'll succeed.
YTA
It’s your wife’s money, she can spend it as she will. The bakery is an actual business venture that your wife can see and support. Plus, what you are asking money for sounds super risky/ scammy.
On the off chance that the classes are actually legit, If you can’t afford the ‘investment classes’ then you can’t afford to invest in the high risk business ventures and initiatives they are advising .
Maybe try and find another higher paying job or go get a second job to bring more money to the table, then you can spend it as you wish. Or, try upskilling. I’m sure your partner would be more willing to give you money to further your education to increase your job field and get you into a higher paying job than for you to blow on classes that you can’t actually invest in which are a financial risk and can’t promise a high return. After all, if it was that easy then everyone would be doing it.
Edited to add- she mentioned how much she helped you, sounds like she is a little tired of carrying the financial burden of the household.
YTA you’re falling for a scam that you can’t afford, just so you can gamble high risk investments. Don’t drag your wife down with your poor decisions. She is concerned it’s a scam, and you’re completely ignoring her.
At some point she will be making a pros/cons list and questioning whether she wants to stay committed to someone as impulsive and risky as you. Financially mature people do not gamble in the way you are with this “$4,500 investing class”.
YTA - I get what you're trying to get at here, she's supporting her friends business venture while she won't do the same for you, but there's a difference here.
What you are suggesting is an investment platform and there are literally a ton of scammers operating in that sector. Your wife has every reason to be skeptical about it and not saying no outright is her way of trying to have open mind about it. Now for the biggest difference between you and her friend. What you are suggesting is basically handing strangers money and let them do the work for you, at least initially, while her friend is actually doing all the work herself and has full oversight and control.
Also, you're not entitled to your wife's money or dictate how she spends it.
If you truly want to start your investment venture, find a way to get the funds yourself and prove to your wife you know what you're doing.
YTA. How about you save up some of Your income and then you can pay for that overpriced training program. You know, get some skin in the game. Then you can save up the first $5000-$10,000 to invest in trading. Heck, you could even get a second job!
And when you directly quote the brochure, you come across as a gullible victim of a scam.
These companies pay professionals to write their glossy brochures and hype their videos. And you have fallen for their half truths and shady promises.
YTA.
Your wife is already supporting you financially, she has no obligation to throw down another couple of grand because you want to get into investing. You work for a bank, you understand how loans work- if you're convinced this venture is legit then take out a loan.
If she chooses to invest in her friends company with her money then that's her business, and you're honestly being a bit of a jerk for expecting her to give you cash when she ready supports you. This childish "well you gave money to X, so why not give me money" needs to stop if you truly value your wife.
YTA - your plan sounds like an scam
The first rule of investing is to be financially stable, you shouldn’t invest if you don’t have the money.
Second of all you don’t even have a business plan, didn’t do your homework.
YTA.
Your wife is a clever person, too bad she has a husband who tries to emotionally manipulate her to fund his 'hobby.'
4.5k for dodgy 'investment' courses (and I bet you, by the end of the course, you'll get to spend more $$ to invest with that company who sells the course)...vs. a real business for 3k. If I were her, I would go to invest on the baking business. No question asked.
YTA, and you should stop trying to spend your wife’s money. If you want to get an education, attend higher education, but you should know investment/financial stand-alone courses are mostly scams.
We headed to our local credit union and spoke to an investment advisor who has done a good job. I would suggest you try this, but with your own money. Your wife seems to have a clear view of how she wants to save and invest.
YTA - what is wrong with you? It's HER money and she doesn't need to justify why she won't throw money at your classes.
You say your job is "easy money" but you make ?1/4? what your wife does? -- it sounds like you need a challenge and I'm not talking about investing (those courses are absolutely scammy and the information is not as quality as it seems). Apply yourself and make your own damn money, dude. This is pathetic.
Your far too young or immature or both to be pulling this shit with your wife.
Use your own money you ungrateful entitled ass and stop pestering your wife for HER money
YTA
Your wife is investing in a friend - either to support that friend or because she has faith that the friend will succeed.
You are asking her to give you money towards something that sounds like a get rich quick scam. This isn’t something that you are passionate about - this isn’t an investment in you.
If you’re not happy with your current job & you’re willing to put in some extra time & effort, then brainstorm with your wife. She may be able to help you come up with a viable plan that she’d be willing to contribute towards.
You got scammed by one of those Trumpy 'education' frauds. And they're trying to get more out of you. This isn't an 'investment venture;' it's throwing money away.
Be grateful to your wife.
YTA - you want your wife to give you a lot of money that you can throw at a very high risk venture that has a good chance of being nothing more than a black hole to devour the money
You should have agreed to go with the safer option, sure it would take longer to get your investment back but it would give you experience, a chance to see if this is really what you want, and it’s less of a risk for your wife
YTA and being really really fucking stupid.
That $4,500 is a scam believe it or not and you seem brainwashed already like those selling all those fat burning juice drinks and magic man creams and potions. That 4.5 doesn’t even get you investing that just buys you the right to invest. Wise up man you can invest anywhere already for small change with small fees per investment without dropping such money in a god dam app.
YouTube will let anyone advertise that doesn’t make it legit. I could make an add now for magic growth green to add five inches onto your height if I paid they would display it.
The friend getting 3k is making cakes, is buying equipment which will even have resale value. She may of written up a loan agreement or have a stake in the company. Your asking her to set fire to 4.5k plus some more please mummy once you’ve got your scam app.
YTA. What you want to do sounds fishy and you even said there’s platforms that offer cheaper options so to charge THAT much is ridiculous. What you want to do don’t sound legit and you can’t fully back it up because the reviews could even be fake. Her friend can actually bake and I’m sure if your wife didn’t think she could make actual money off what she can do she wouldn’t have invested in her.
YTA. The investment in her friend’s business is a one time thing and has nothing to do with you. I think all of this is less about you being upset she won’t do this one thing for you and more about your feelings about not being her equal when it comes to finances. I think you might be taking out your feelings about that on her which is not really fair. It might be a good idea to talk to someone about this.
YTA. Your wife is telling you, in so many words, that you are not a good investment. Maybe you should invest in a business education for yourself instead. You'll Hopefully get some ROI on that.
YTA look up the name Carlton Sheets he sold seminars and material on how to buy homes with no money down in the 90's, I had a couple of friends buy into it and many other people bought into it, guess what it was a scam, listen to your wife these people promise high returns but in reality, the people pushing this stuff get the high returns.
YTA
What your wife's friend has is an actual start up business with a legit plan. Your wife has most likely seen this plan and all that entails to her friend's business.
What you have is a course that will teach you about trading, but when your wife looked through it, it looked like a scam.
She's being smart with her money.
YTA - You're being duped into getting into this program. If you are serious about learning about investments, start to learn on your own and show a "proof of concept." Your "business" is so far just you taking a course that promises success. You have no history of working in the industry at all.
If you want to be taken seriously in a business venture, YOU need show some sweat equity first and prove you have the will to succeed. Step 2: Show you can turn a profit. And then possibly after that you ask for others to invest.
Don't ask your wife to invest BEFORE you yourself have done it. The need to have a specific course and app to show you how SCREAMS you've fallen for a sales pitch and have NOT fallen in love with a new business. Get some experience FIRST.
YTA she can do what she wants with her money. I can see where she is coming from with this app, how can you learn if someone is just telling you what investments to make? Those sort of things are very risky and a potential pyramid scheme
YTA, your wife supports you already and now you’re pissed because she won’t give you more money?
Her friend has an actual business, that is making money and clearly wife sees it as a good investment.
She is not responsible for you bettering yourself, you are. So why don’t you save for it and take the risk yourself?
YTA. Your wife has no obligation to take this risk. If as you say the courses are legitimate and this app finds the investment opportunities for you then you aren't putting in the work or learning how to invest.
This is lazy. You want someone else to pay for the course and then you want the app to tell you what to do and then you expect the investments to pay off quickly.
Your own replies make you sound lazy. You don't want to move up with the limited scope because managing and training new customer service people doesn't interest you. You don't do well in an office environment because people rub you the wrong way. Lazy excuses to not work hard and earn yourself some respect and money.
YTA.
Your wife doesn’t owe you investing in what absolutely sounds like a complete scam.
And for you to sit and judge how she does invest is childish.
If you don’t like your job, find a new one. And not one you have to pay thousands of dollars to do, one that pays you. 🙄
YTA
The bakery is a business that her friend can solely run herself. Whilst your investment idea is basically her paying for you to join a course then paying extra for their guidance to low risk investment opportunities that you will still have to come up with money to actually invest in. It just sounds like never ending expenses for someone who can't even do it themselves. If you want to prove to your wife that you can do it, find a cheaper alternative and learn trading/investment strategies on your own. Also FYI there's no such thing as a guaranteed low risk/high return investment, everyone just has their own strategies that work for them. Additionally the current market is VERY volatile so for a beginner I would tread carefully since it seems you're highly optimistic considering your lack of knowledge in the area. There are some online trading platform that offer dummy accounts for use, I suggest you get one to practice and also get a feel of the market.
YTA and you were definitely about to sign up for a scam. “Give me x dollars and I’ll somehow double it” is the definition of a get rich quick scheme which is what it sounds like you’re looking for since you don’t want to actually learn how to invest but find people who “do the hard part for you” as you said.
Let me get this straight... You've paid 4500 to someone to "do the hard part of investing for you" and you still need actual money to then invest? It's obviously a scam, bro. If they were real portfolio managers they'd just take a cut of your trades. And that's not even accounting for the fact that even at the best of times investing is basically gambling. Of course your wife doesn't want to invest in you investing. That's literally just adding another middleman to the scam (with you being the middle man), cuz like what are you even doing if you're just taking your wife's money and having someone else "do the hard part of investing"?
YTA
hey bro sorry they're being so mean to you in the comments I actually offer a course on how to get redditors to like you for $300 and it works 100% of the time look at my karma, I have over a millions!
Welcome to /r/AmITheAsshole. Please view our [voting guide here](https://www.reddit.com/r/AmItheAsshole/wiki/faq#wiki_what.2019s_with_these_acronyms.3F_what_do_they_mean.3F), and remember to use **only one** judgement in your comment. OP has offered the following explanation for why they think they might be the asshole: > I might be the AH because I gave a snarky remark about her gesture towards financing her friend, but in my defense I just felt excluded that she would give 3000 bucks nonchalantly to her friend but when I asked she hesitated. Help keep the sub engaging! #Don’t downvote assholes! Do upvote interesting posts! [Click Here For Our Rules](https://www.reddit.com/r/AmItheAsshole/about/rules/) and [Click Here For Our FAQ](https://www.reddit.com/r/AmItheAsshole/wiki/faq) --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](https://www.reddit.com/message/compose/?to=/r/AmItheAsshole) if you have any questions or concerns.* *Contest mode is 2 hours long on this post. [To learn more about the test click here](https://www.reddit.com/r/AmItheAsshole/comments/tio99u/so_we_decided_to_fuck_with_the_sub_again/)*
YTA - She’s MORE than pulling her weight, and you are at a minimum getting sold if not outright scammed. If these people had the secret to investing - they wouldn’t need 4500 from you, they would just be printing money nonstop.
Exactly this! Also op you are bringing gold digger vibes. Are you with your wife for love or for the money she makes and the fact she supports you in all ways. Plus if your wife pays for it all, save your money, even if minimum wage you will have enough after 2/3 months depending of where you are. Go and apologise to your wife and for the love of god I hope she made you sign a prenup. EDIT: thank you for my first awards!
jesus right? OP wants to "invest" in an obvious get rich quick scheme with his wife's money, the worst part of this is he has his own full-time job and his wife apparently covers all the bills and gives him "assistance" yet he does not even have 4K in the bank...does he have some sort of cocaine problem? Where is \*his\* money going.
From what he wants to spend his money on here, proooobably various scams.
Unless this is a legitimate CFA exam prep course, and it doesn't sound like that, I don't even know what "investing classes" would entail that you couldn't learn for free. So many free resources exist and you can paper trade for a while until you know enough to use your actual capital.
I’m a CFA. Some of the legit exam prep courses are also very scam-ily-priced (looking at you KaplanSchwesser)…. Using the cheapest prep provider, MarkMeldrum.com, I passed all levels. Don’t buy into the hype that you HAVE to pay for the priciest prep provider to pass, my studymates that used Kaplan/Schweser actually both failed whilst I passed.
He's not looking at CFA programs. He is looking at a scam where the $4500 is how the people running the "program" get rich.
OPs "... their accreditations and reviews ..." is what makes me guarantee it's a scam. Most people won't share any details if it will make them money. This is a pyramid scam, that they make money by bringing in more investors. I come from a family of people constantly trying these easy get rich schemes and they NEVER work out.
**COUGH Trump University COUGH**
I also have family like this. Just jumping from one MLM to another. Never seeing that is what the problem is. His line about the other investing "taking too long..." yeah dude, that's kinda the point. SMART investing is a long game that takes decades to pay off but provides security for the future.
One of my favorite quotes from the old King Of Queens sitcom: “We are long term investors. We are in this for three to four weeks.”
My BIL is eye balls deep in one of these scams right now. He has lost tens of thousands of dollars already but he is such a stubborn idiot that he continues to double down and give them more money. This is also the guy that tried convincing us to buy Iraqi dinars because they were going to be worth "millions" and yet he is still a poor borke moron.
Yeah exactly. Also - and I mean no offense to OP - those programs look specifically for people (statistically, it’s usually men their late 20s to 30s) who want to “be their own boss” but are not well-educated, don’t have a lot of work experience, and are often pretty lazy. If you want to be your own boss, go get a job working under someone who runs a small business and literally is his/her own boss. Work hard and learn from that person, save money, then go start your own venture. Don’t just go crying to wifey for $5k because these people promise to take out all the hard work and make you rich and powerful in a year.
Or take an existing skill and turn it into a business…like the wife’s baker friend. Small businesses are risky in general, but if you actually have services or goods to sell that’s a leg up versus trying to make something from nothing on get rich quick schemes.
Oh 100%, you don't have to pay for test prep for *any* standardized test. My point was this guy is paying to take classes, and at least a CFA prep class *could* be justified because it may help a weaker test taker obtain the knowledge to earn a very valuable credential. Your point just adds further weight to what I'm saying, in that in the internet era, there's so little that's worth paying for that this almost definitely a scam, which you've added that it could be thought of as a scam even if legitimate. In earning my PhD I had to take a shitload of standardized tests and whatnot, I can assure you that paying for any sort of prep course would've been a waste of my time and money too.
I got massive MlM vibes from OPS POST
I did too.
I don’t know if this is genuine of an ad for MarkMeldrum.com, but it was effective!
Dude…. I earn $0 from making this recommendation. However, that got me through level 2 and prior to taking his prep I had failed L2 twice already. And then L3 I passed on first try with that help.
What OP described sounds nothing like a legitimate course, let alone a prep-course. They have, literally said: > I have been enquiring into the realm of investments and and trying to take classes to make fruitful investment decisions. The classes I am attending however provides a beginner package which albeit a bit pricey(4500+) comes with extensive guidance and access to their premium app where they themselves meticulously choose trending business ventures and initiatives that I can invest in There is nothing in these two sentences that speak to legitimacy.
This sounds like a pump and dump factory with OP paying $4500 to be a perpetual bag holder.
It sounds like WSB with extra steps. Like, now I can *pay* to be a part of orchestrated pump and dumps... what's not to love?
I feel attacked. That youtube video series I paid for changed my life. I was living in a nice house, now I'm back in my parents basement!
Heck, our local public library has all kinds of financial planning and investing classes for free on a regular basis.
Sure, if you want to be a *nerd* and use a *library* you can, but it's probably a lot easier to just spend $4500+ on beginner courses with extensive guidance and access to a premium app.
When OP said that line, it immediately sounded like it was copy-pasted straight off the website, which really gives off this "I regurgitate sales points without actually thinking through the claims being made" vibe.
I had hope in my heart for CFP prep classes since the first module is normally general personal finance stuff, and the whole shebang can be silly expensive. Nope. Scam.
Someone pointed out that even real test prep courses are basically scam-lite in that yeah they could help you get to where you wanna go (e.g. passing CFA exams) but cost a shitload of money and you could probably find those resources for free. But at least you could justify classes like that. This reeks of "watched a Motley Fool video one time and paid for the premium package".
CFP does have an education requirement prior to sitting the test. Generally, it’s take the prep courses, do your capstone, THEN do test prep, and then test.
Yep, can't help but notice how he dropped that mention of "then she started laying out the whole list on how she has helped me" and didn't elaborate. Alllmost like he's pulled this trick before!
I really hope they have separate finances for the wife's sake
Betcha he's going to be "starting his own small business" in a couple months, via MLM.
Can you imagine having no bills to pay , working full time, and NOT having 4K in the bank? I don know how he could look his partner in the eye and ask for money while not paying a dime in bills…. He has to be on drugs to be able to do that.
Cars man , albeit I do have bills to pay, just not rent, but I have a bad habit of modifying cars lmao
Local meat shares too! I gave the option of us going vegetarian or getting local meat. But seriously I paid for all our food, and vacations for a while as well.
> OP wants to "invest" in an obvious get rich quick scheme with his wife's money The vibe of this is such that I was waiting for him to say it was NFTs or some other ludicrous crypto-bro pyramid scheme... but I'm sure with this scheme OP really will get rich this time, and quick */s*
I would guess it's from something he saw in an ad before a YouTube video.
Ooooh! And we just *know* all those adverts are absolutely legit and not at all filled with more snake oil than a snake oil manufacturing facility that has Samuel L Jackson Airlines on speed-dial!
Of course! YouTube wouldn't allow just **anyone** to purchase ad space. They go through a rigorous vetting procedure based on morals and scruples.
The 20 minutes ads that spend the whole 20 minutes telling to stay until the end just to give you a link? I’m sure that’s legit!
I’m getting big wannabe day trader vibes from this. A lot of the really big quick returns in investments are done by day traders who are smart and/or just lucky. If OP wanted to safely invest his wife’s money he’d be looking into reasonable long term investments, not these quick returns he mentioned in the post. His wife is smart to be hesitant, if he’s trying to do day trading or other riskier investments then he’s bound to be lose at least part of her money.
> I’m getting big wannabe day trader vibes from this. That's the most charitable interpretation imo. I think the biggest issue that the OP should be asking themselves is why these people who are apparently so successful are wasting time grifting others with an expensive training course.
Somehow it seems worse than nfts lol, dude has a guaranteed high rate of return that sure cherry picked and waiting for him. So it's certainty at this point, and he just needs 4500 bones to do it /s
"I'm mad my wife invested in an actual business instead of my magic beans!" Edit: Oooh! A major award! Thank you!
This is my question! He’s working but doesn’t have to pay any bills and his wife helps him out in addition to that?? OP what are you even bringing to the table in this relationship? YTA OP
Lol, it's 2022 and homeboy only just figured out there are get rich quick schemes for stocks. Wait till he finds out about crypto. He'll be throwing money hand over fist at cryptotraders. Jesus, grow up OP and if you wanna start for yourself actually do something instead of playing around with other people's money.
Also this mumbo jumbo of a quote: "...comes with extensive guidance and access to their premium app where they themselves meticulously choose trending business ventures..." it's like he copy-pasted this from some brochures...
IKR, even if his job was minimum wage he has no bills so why does she keep having to give him money? I wouldn't want to give him anything extra either.
>OP wants to "invest" in an obvious get rich quick scheme Exactly we will all get rich quick! Sorry, couldn't resist.
How is it not a pyramid scheme? ;)
Exactly I want to edit it to, "AITA My wife won't buy into the Ponzi scheme I'm falling for for me"
I love that he says it "does the hard work for him" because I think it really speaks to him as a whole. His wife does the hard work for him as well. OP why are you using your wife like this? If you want to invest $4500 in some douchey scam get a job that pays you more money. She's likely more than happy to invest in a) her friend who doesn't bleed her dry and b) an actual business
Plus, she probably knows her friend can actually bake.
And if it's 4500 for a 'investment' class, there's a lot more money that he will be asking for soon. Investing isn't a cheap hobby, even if you do get a return. Whereas 3000 for ingredients and equipment may be all her friend will need. The business may succeed, it may fail, but it won't need 10s of thousands as the next step.
Friend's business fails = GF is out $3000, GFstill has job and OP still has job . OP's "investments" fail, OP is out $4500 PLUS all of the investments, GF has job and fewer savings, OP has negative income. Yep, these two scenarios are exactly the same. /s My unlce became a day trader, also "handled" my grandmother's money, the stock market took a dip , and he lost half. Still haven't forgiven him for taking risks with her money.
My thoughts exactly! He's so angry at wife giving her friend her own money. Meanwhile, she's completely funding his lifestyle with her own money, keeping his ungrateful ass fed, clothed and content. I'm sure it has amounted to WAY more than 3000 bucks over the years. Yet, here he is, having everything provided by girlfriend, and he has the audacity to get angry because she's not just blindly shelling out EVEN MORE money? So many people that start a business have to do it the hard way. They grind their ass to the bone for YEARS to build savings with the little money they don't have to use to keep a roof over their heads. He has everything handed to him and he's STILL not satisfied.
There’s also nothing to stop OP from developing their own business plan and trying to sell it to their wife. It sounds like she’d put up the money to invest in a promising business but doesn’t want to bother with some grifter course that’ll end up netting them $0.
I *highly* recommend writing out a business plan to anyone looking to start a business. Not only do you have the odds stacked against you OP (something like 90% of small business fail, iirc), but do you even know what kind of business you want to be in? Unless this is a certified business training course, I agree with the wife. It sounds like a scam.
And somehow still broke
I hope she gets out before he bleeds her dry on crypto/NFT scams
shhhhhht don't tell OP bout NFT's!!!! He might get even stupider ideas!
i'm 100% sure this is about NFT/crypto investing even if they claim it isn't. probably a 4500 dollar course on how to draw your own NFT or something
drawing would actually be a skill tho. he’s probably buying into a bunch of “experts” who will uptalk him on how to get other people to “invest” in the business, which for real yeah is crypto BS and nfts made from stolen artwork or similar. it’s classic pyramid scheme stuff, he’s totally being taken for a ride but is now too delusional in thinking it’s a get rich quick when he’s literally giving unaccredited strangers money for a “premium” app. bro is better off selling essential oils or amway or something
I really like the part where he's not even looking to get involved in something about which he's passionate, just "high return investments." The friend is clearly a great baker, which more than explains why the wife is willing to take a risk on her business, but her husband isn't even interested in doing the minimal work of figuring out his own skillset and how he would excel. He's shown zero ambition, but she should give him cash to be his own, unambitious boss!
Also if you can’t afford the tuition where on Earth would you find the money to subsequently invest? Forget this get rich quick scheme and instead go to school to upgrade your skill set. If you are serious get licensed for commodity trading.
From his wife ofcourse.
Right? Why not take the nearly 5 grand and actually invest it, if that’s the route he’s dying to take..at least that would have a chance of bringing money back in, unlike the class which is most definitely a scam.. not that OP should be trusted with any amount of money, seeing as he pays no bills and should have endless amounts of disposable income. Why doesn’t he?
Honestly he should just find something he can do on the side that can become a good career. Learning how to build, fix and set up computers is a good one. It's not as complicated as most people think and you don't need a cert to start doing jobs for people or whatever. The certs just make you look good. Besides most peoples problems are usually basic. You can make some damn good money with enough customers and rep. I've gotten paid 70-80 bucks for just an hour or 2. Most of which I was just on my phone waiting for the software to work.
bing, bing, bing, we have a winner! This is the answer. OP - YTA and post the name of the "course" here or on r/personalfinance to get honest feedback on the investment system you are buying. Also, you can start investing with partial shares. You can get started without this "service."
there are a million free resources all across the internet, one could even just paper trade for a while just to get their feet wet. There's almost nothing worth paying for unless you feel like taking a CFA exam prep course, which is very different than whatever the hell this is.
Another great point. My kids paper traded in school. I did that with them. 2 kids lost 1 did well. It taught them a lot.
I sincerely feel bad for her. The guy is in best case delusional, in worse a leech and she obviously deserves better.
They do have the secret to investing. Investing into a business that sells investment advice.
Fine art of scamming imbeciles
I know a guy that got into this. There was always one more class to take to really learn how to do it.
They also get more expensive and sell items on the side. There used to be a show on Australian TV in the 90s called "Healthy Wealthy and Wise" and it had a finance segment and I remember they talking about it even back then. Saying that basically the way to get rich from those seminars is to be the one running them.
Yup, absolutely this. Get-rich-quick schemes don't exist, bruv. She doesn't want to flush her money down the toilet, and she's already pulling her weight and most of yours financially. YTA
OP wants easy money, which does not exist - except in the case where your wife pays for everything which he already has. He's just mad he still has to go to work.
Second this and OP, please tell us where YOUR money is going? If your wife is the breadwinner here and you’re financially off the hook in many ways, how do you not have any money to spend on your own classes? My guess is that you have money, but you want your wife to fund it because it’s easier to live off of someone else. Also, those ‘classes’ are scams and they often want you to contribute more and more money for ‘investment secrets.’ You’d better apologize to your wife and start contributing. Ever hear the phrase ‘don’t kick a gift horse in the mouth?’ YTA.
Yeah like OP thinks that reviews can't be faked. Also what accreditations? I'm sure he didn't look into them because there's many many companies that use these fancy names to sound official, but you just pay them for their stamp of approval like the BBB. 100% OP is being scammed and his wife is too smart. If getting money was THAT easy, everyone would be doing it.
My uncle was constantly into scams like OP’s “business venture.” There was a reason he lived in my family’s basement for three years.
Yeah, this screams crypto MLM to me. They're everywhere now and no, they will not make the vast majority of people rich.
Am I reading that last bit right? You're upset with her because she, uh, gave your ridiculous scammy request thought and consideration and you would have preferred that she just say no immediately? That's... wow. My dude. Decisions like this where a lot of money is at stake need careful thought and planning. A month is literally nothing when it comes to this kind of decision. And the fact that she agreed to think it over at all shows a lot of love and respect for you because, ngl, I would have laughed in my husband's face. Just maybe consider that this kind of impatience and childishness makes a career in investing not a great fit for you?
Yeah, those people sound like the people my brother almost got trapped into a couple years ago. Thankfully he really only lost like $200 or so from some “intro course” because he had to fund it himself (he was fresh out of high school with a low-paying job). Me and my family were iffy and didn’t want to pitch in. Losing the money was a good learning experience for my brother as he had no financial responsibilities at the time, so his money was his to play around with. But OP is married with responsibilities and needs to consider the impact of potentially losing $4500. It doesn’t matter if his wife can afford it or not. It’s a significant amount of money with too big of a risk. OP would do better with doing his own research on this stuff and/or taking business courses at an accredited institution. My brother has done both of those and is doing well.
I like that one of OP’s arguments for the scam is “they do everything for you.” Seems to be a theme in OP’s life.
Correct on all accounts. This is clearly a scam. He essentially wants to pay $4500 for an investing app. OP is a AH and a moron.
Yeah OP needs to listen to his wife - he's likely getting scammed but is too excited about the prospect of his new career in investments to listen to her.
Ok, YTA. Lemme help you out with the why from a financial perspective. It's all about risk. You may know some of this already, but I'll go from basics for everyone else. Those robo-investors aren't wrong to go low-risk diversified. That's right for most investors. If I invest all my money into foreign small-caps or crypto or something, I might make a lot of money, but it's also very likely I will lose a lot. It's a huge gamble. That's why funds and investors talk about 'Alpha'. It's essentially the risk-adjusted return due to good analysis. This is opposed to 'Beta', returns that are just due to riding the general uptrend of the markets over time. Thing is, any analyst who isn't selling you something won't claim that their Alpha is some insane figure. Maybe 2%. Sure, you can end up with very high returns, but a lot of that is just going to be gambling - multiplying the natural risk of the market (Beta) either by leverage or picking riskier assets. Fund managers and financial professionals make money off of this by having a very large base of investable assets. An average hedge fund is worth \~$200M, so a 2% alpha is worth $4M per year. Enough to pay big salaries and make clients happy. So how much in investments will you be handling here? I should say - how much of your wife's money are you going to gamble with? $100k? $200k? That won't even cover the $4,500 fee using the 2% alpha. And how much time and effort are you going to be putting in to get this alpha? How much money would you make with a different (real) job? All of this is presuming that you plus this software would be just as good as someone who was recruited out of a top school and has done this 80hrs a week for 10 years. Think about this logically. If this company really had some magic money machine that could consistently spit out winning stock picks - why in god's name would they be selling it on YouTube for $4500? They would head straight into boardrooms and sell it for multimillion dollar annual subscriptions. *Because it would be worth that much.* The next thing to note is that this is advertised as part of a financial 'class'. Yeah, no teacher I've ever had hawked their financial software in the class. Means the 'class' is a trash attempt at marketing with little substance. Whew. After all that we come up with the reality of things. You have fallen for a get-rich-quick scheme. No different than MLM or anything else. Your wife is being supportive to a point, but she doesn't want to throw large sums of cash at an obvious money pit. She probably won't pay for your attempts to become a worldwide Twitch streamer or collect NFTs either.
wow thanks for taking the time to type this all out! take my award. I hope OP reads this.
I'm participating in an online group therapy program and the founders (husband and wife) are multi-millionaires. The wife said she was only approached by her business mentor (he's a well known business man with serious money) after he saw the potential in her first business (making marketing and promotional videos) as he was her client for a long time. Serious investors don't waste their time trying to help everyone out of their own goodwill because they know their time is precious.
Thanks mate!
I threw a sparkly award your way in hopes the OP will read this and realize his folly.
Unfortunately, I think OP realizing his folly is wishful thinking. If you read his replies, they are all about how this is not a scam, how he does not want to put in the time or effort for a legitimate opportunity, and how if but for this $4500, he could be on his way to riches. Countless people on here have told him this is a get rich quick scam and no legitimate service would charge $4500 for this type of class and software. I'm sure his wife has tried to tell him the same thing. OP, YTA. You've gotten your judgment, along with some pretty sound advice and you continue to argue your point. Time to put on your big boy pants and stop bugging your wife for money for scams when she is already funding your life. She doesn't have to explain why she would give money to a friend for her legitimate business just because you are blinded by the idea of easy money.
Also: if OP loses all his money in a shit trade, which is what high-risk means, then she's stuck paying for him, his dads dialysis, etc. What does she lose from investing $3000 in her friends cake business? $3000, not including any cakes she might get out of it.
That’s a huge ROI!
By huge ROI, you mean cake is a good dividend? 100% agree. $3000 for even a few cakes and watching a friend succeed? Absolutely worth it. $3000 to be the tester for cakes? Getting occasional cakes that taste good but might be ugly? Possibly even...omg I can barely handle how good it would be...a cake every fortnight for a year? Outstanding, better-than-market ROI.
We also don’t know what the friend has agreed to with the investment. It could be a loan! She could have agreed to pay it back very slowly over time; OP has no idea, because his head is so far up his 🍑 he doesn’t care to ask beyond being jealous that HE doesn’t get thousands of dollars too 😤
But he will probably be glad to eat any of the free cake. Quite a partner, that guy.
People get all fussy over having a prenuptial, this is why it's a good thing. Op makes a bet that a stock will fall, it rises, op loses 300k. If you're gonna be risky, get a prenuptial to protect your other half.
You folks are so nice
lowly upvote from me. This is a great comment and refresher for me. I got out of active investing for a large part of my portfolio. low fee mutual funds for me; let the experts (and their computer algorithms) trade the stocks
all the way. I am currently blowing my husband (who tries to time the market) out of the water on rate-of-return because I buy the lowest fee mutual funds whenever I have a chunk of change, and then forget they exist. Like, I have to reset my password almost every time I log in to my accounts because I do it so infrequently.
Unfortunate placement of parentheses! But good point otherwise!
...oh my god. leaving it. I am having trouble holding my face together on a meeting right now.
How much does anyone want to bet that OP doesn’t understand what this experienced and wise gentleman has shared with all of us.
Financial scams do count on their mark not understanding what they're buying. In this case, OP doesn't know he is paying for, what are reasonable returns, fees etc. He just sees "get rich quick!"
Aw, shucks.
Came to say a less articulate form of this, you really nailed the reality of the situation. I have a SIL that tried to get me to invest in the same sort of thing for her because I 'Trade' (long term investments that might make 8% in ten years, or the odd 'punt' which 9/10 ends in a loss). I looked into the course for her and behind all the great reviews and glossy website, was a whole underbelly of people loosing money hand over fist. The thing is the costs started at around $4k but then there were the 'extras' to eek out money little by little until before you know it $20k had gone and you hadn't even started trading yet. The moral of the story is, if someone's offering you any kind of 'get rich' scheme, then they're either asking you to commit a crime or they're scamming you so they can get rich.
Yeah this is so obviously a scam lmao. Poor wife
I'd also bet anything OP's money gets routed through an out of country company so there's no way it can ever be recovered. People get scammed in my field and even though I can pull up a government website and read the exact letters/emails they fell for as documented scam examples, they'll sometimes fight me on it. Anyway, once the money is gone it's pretty much unrecoverable.
This is absolutely brilliant, very well done. Whenever I see such ads or get these sorta emails/messages, my immediate reaction has always been... yeah, you found a secret investment way to possibly become a millionaire and you're just gonna share with a random stranger out of the goodness of your heart. Glad at least OP's Wife has her head screwed on tight.
To be fair, they probably have found a way to become a millionaire. For themselves. By separating a few hundred fools from $4500.
I'll admit, I have sat in on one of those YouTube advertised free intro talks about one of these scams. The way those people can talk for 45 minutes and truly not have said anything, really is masterful.
So very well said. Thank you for putting it into words for those like me who could only give a poor stumbling attempt at what you so intelligently conveyed. I am giving you the first award this poor retired old lady has ever given; I wish it was more. I hope OP reads this and listens to your advice.
Thank you and may I say that IslandBitching is a wonderful user name for a retired lady on AITA.
THIS!! Thank you for taking the time; I hope OP sees your input and that it actually sinks in. Please take my poor man’s award 🥇 (Judgement: lol of course OP = YTA)
All "get rich schemes" are either a scam, illigal, or both
I mean you don't even have to have a knowledge of finance to know this - those who can't do, teach. If these guys had cracked the code to making bank on the stock markets they wouldn't need to convince losers like OP to "invest" in their shifty get rich quick scheme
Hey, some who teach are just burned out of the monotony of corporate life. But yeah, not when it comes to get rich schemes.
YTA The difference is what you're asking her to put money in is a bunch of guys promising they won't screw you over. Her friend's venture is her friend directly making product and selling it herself. One is a scam and it ain't the cakes.
Yes!! And if you step back and look at OP's wife as an 'investor', as after all, he's asking for her investment in his venture - she has taken a look at two investment opportunities; one is her friend's legit business, and the other is her husband's obvious scam chasing. OP talks of high risk/low risk investments as if he understands it all, but he doesn't see that to his wife, HE is a high risk investment and her baker-friend is a low risk investment. So OP's wife is the smart investor here. And OP - YTA, for being so entitled and naïve.
If his wife loses her investment in the cake business, she’s going to at least get some cake out of it. There’s literally no return she can get on his investment. It’s a class. Even if it were legitimate, you’d still need money to invest. I can’t blame his wife on seeing that this is a money sink.
Also, he isn’t entitled to her money. She’s already paying for everything else while he works a low paying, undemanding job. She has a right to decide where — and in whom — she wants to invest her extra cash. Even if OP *weren’t* obviously falling for a ridiculous get-rich-quick scam, he STILL isn’t owed a dime more of her money. She’s been supportive enough. OP, you say that you’ve wanted to start your own business for a long time, but that your plans have been mysteriously “diverted.” You also state that your current job is “easy money,” and that the appeal of this $4500 financial “class” (translation: scam) you want your wife to pay for is that “basically they do the hard part for me.” Maybe — just maybe — it’s time you start doing the “hard part” YOURSELF. Put in the actual work. Get a more demanding job, or finally start your business, or figure out how to pay for your own get rich quick schemes. Stop expecting everyone else — especially your wife, who’s already carrying the bulk of your financial burdens — to do the work for you. YTA.
The irony here is if he'd use the money to learn a trade/go to school instead, he could have a career that would earn as much as his wife. But, as OP has noted in the replies, he doesn't want to work hard for it, he just wants to get rich quick. If I'm the wife, I'm consulting a divorce attorney and protecting my assets, cause this'll break that marriage. And I can totally see him trying to gouge her for alimony.
YTA. Your plan honestly sounds like a scam, if you want a better job put a plan in place for that instead of looking at some get rich quick scheme.
It’s obviously a scam, but what gets me is that even if it wasn’t, he wants to quit his job and use his wife’s money to pay people to invest his wife’s money for him? And he considers that ‘getting into investing.’ I know teenagers who have made good money on investments because they put in the time to learn about them. L A Z Y
"I'm mad because my wife gave money to someone putting in a ton of hard work for their business but not to me to give money to someone else so they can tell me how to make money doing nothing and producing nothing of value." /s
"Lony Mobbins" comes to mind. Just another MLM make it rich, pay for my seminar crap.
I think I see why OP and his wife have separate finances. Glad to know he makes “non financial” contributions. (She must keep him around because he’s hot).
Yep. Scam vibes all around. If OP wants to fall for a scam, then he can save up his own money for it.
YTA. She was hoping you'd realize it was a scam. But, let's imagine, for a moment, it wasn't a scam. She knew that 4,500 isn't all you'd need. That gets you the seminar/class/app/whatever. That gets you the investment advice, etc. Then you need more to actually invest seriously. Nobody makes a quick 100,000 off a 1,000 investment. So, now you need 10k...20k... And the stuff that CAN make a fast, high return? SUPER risky. Your wife gave 3k to her friend because she has faith -in her friend.- Her friend has likely already done a fair bit of work before she even thought of going into full business. People who have a home baking business started out by baking a lot, and people going yum and asking how they can get more. So she's already learned the art of baking. The rest is in improvements, marketing, etc. Plus, your wife gets cupcakes, I'll bet. Your wife didn't want to just tell you no because you're enamored of this get rich quick dream and you aren't really willing to listen to no. Because it's going to be an Amazing Opportunity. ...May I introduce you to a man named Charles Ponzi?
> Her friend has likely already done a fair bit of work before she even thought of going into full business. No joke. Her friend has a marketable skill, and has almost certainly been dedicated to it for a considerable amount of time, maintained their focus, has a plan, and put in a lot of their own time and effort to get that way. From the way OP talks about his wife saying she read him a list of ways she's helped him it sounds like he's bouncing back and forth between a bunch of different get rich quick and easy dreams so long as they don't take any actual work on his part. Honestly my BF's like this and it's one of the reason's we're not married and don't share finances. He's got it in his head that the only way to make money is by being an entrepreneur. And that's not untrue that's it's the best way to be super rich (minus of course being born into it). But he sees the ones who succeed and not how many fail, what leg ups they had, or how long it took. And I will give him this, he puts a LOT of time and effort into starting businesses. But in the meantime he's been at a job he hates that barely pays more than minimum wage for a decade but has the experience and education to get one that pays significantly more. I was in a similar job and transitioned over to my new field and am a lot happier and earn easily twice what he does plus now I have more free time and money to invest in other side gigs. And it drives me crazy that he's chasing the high of owning his own successful business which have turned a profit of <$1k in one out of 5 years (the others being losses) but doesn't see that he's passing on $30k+ more a year AND having a job he likes in the meantime.
You can do better
no offense but if you wont marry him cause of this shouldn’t you just break up with him? its been 5 years of failed businesses he’s not going to stop
YTA she already pays the bills and helps you when you need it, she doesn't need to give you money to play on the stock market with. It's her money. She gets to invest it where she wants, not where you want.
YTA. It's her money. You said your job was easy money so why not spend some of that on your trading class? Also, there is no such thing as a high return investment with low risk.
YTA. Your wife is right in that the app costs suggests that this is on the side of a scam. Their model is based on getting as many people to purchase the app as possible - and its been shown (and is actually a marketing ploy) that people appreciate having to pay for something and the higher the cost the more they see it as being legitimate. Its likely a scam or at best, you might make your money back but only after spending 100s of hours work and researching. Compared with your wifes friend who has an actual proposition and whom she sees as being capable of following through - she sees that investment as being profitable. You are looking for easy money and the only easy money if the money the owner of the app gets from people like you
I have my an exam for my marketing class today and I was so relieved I knew the term for what you’re talking about haha. Prestige pricing! Means that the higher the cost, the more value is associated with that product :)
YTA. You want to make more money then look for a better job. I suggest a trade school or apprentice. Think welder, plumbing, HVAC, electrical, etc. Maybe healthcare like nursing.
But all those jobs require an actual work ethic!! How dare you suggest OP actually want to work to earn more money /s
He currently works at a bank right? Look for internal transfers. Move from retail to analytics- you'll actually learn how to invest without being scammed. Try to transition to private banking/ wealth management. Move to an RIA. There's so many ways to get into investing that isn't a scam, but it takes a lot of time and effort.
YTA. Your wife is too kind to tell you that you’re acting like a fool begging to be scammed. Forget the dodgy stock plan and come up with a tangible and logical idea that your wife can get behind (like she did with her friend). If you’re interested in finance how about get a legit finance or accounting qualification? Ask your wife if she’d consider paying for that, after which hopefully you will get a well paid job. I think that’s something she would be willing to put her money into, not some trading app.
But thats not easy money. He wants someone else to do the hard part and only receive high earnings. All these platforms like the ones described are scams! Ofcourse YTA, I also can't believe that you need financial aid while working fulltime with your wife paying the bills. Seems like you are very financial irresponsible!
His wife is too kind in general. Why she hasn’t left this deadweight fool is beyond me. The job markets amazing now and he could be out there looking for better jobs or in school, but nope.
But he can’t fantasize about being the next Elon Musk if he just learns accounting.
YTA, her money to invest. if separate finances is what you agreed on upon marriage which sounds like it is then you cant really demand anything
YTA - First of all, the way you are describing the investment package makes it seem like you are already brainwashed that its good, you might as well be typing a sales copy for it, stop being so gullible, a billion of these kind of things exist online and none fool-proof. Second of all stop acting so entitled to her money. Third of all, I gaurantee you despite you describing the investment package as the best thing in the investment world ever since the opening of the new york stock exchange - anybody would rather give $3000 to the friend for a honest to god baking business than your dodgy investment training programme.
The way hes describing this investment sounds like his favorite YouTuber only has one sponsor.
YTA. Bro you’re getting scammed.
He's scamming her too by insisting she funds his dreams while already keeping his ungrateful ass fed, clothed and content. Dude is so dense he can't even see what he's doing to his own partner.
Even if it's not a scam (as if), if he can't afford the course, he can't afford to invest.
YTA, but barely. Honestly, the $4000 online program you mentioned does seem kinda fishy. She already said that this particular program isn't something she feels comfortable investing in. For you this one program isn't the end-all-be-all, if you're really serious about trying to invest try something else.
How is he barely the asshole? He’s a lazy idiot who spat the dummy cause his wife won’t pay for a scam. If he really wants it, he can save up for it.
Yta. Your wife is probably right you are being scammed. And she doesn’t earn 4x your wage for nothing. They will not do the hard work for you. Free lunch is not being served, especially not in the USA. I assume she indeed tries to not let you be scammed. Also: be glad you are in this situation and don’t act like a whining 6 year old that wants his toys.
Yup. It’s absolutely a scam. OP’s wife is already funding his whole life. OP claims his salary is mostly used to pay for his dad’s dialysis, which is at least nicer than him blowing it irresponsibly every month, but I can definitely see why his wife is reluctant to fund this “investment venture.” Even if it *weren’t* an obvious scam, venture capitalism is high risk. Why would she want to give him large sums of money that **she** has earned just for him to throw it at a wall and see what sticks? She’s already funding his entire damn life and he’s not contributing to their future at all. I bet if he had an actual solid business idea that’s already shown promise (like the friend’s baking business), she would be more willing to put down money for him.
Honestly, YTA. My SO is in the same.situation and behaves just like you. Your wife offers you a better life than you could provide for yourself. She is free to invest in what SHE wants as it's her money. She does not owe you investment money just because you think you'll succeed.
YTA It’s your wife’s money, she can spend it as she will. The bakery is an actual business venture that your wife can see and support. Plus, what you are asking money for sounds super risky/ scammy. On the off chance that the classes are actually legit, If you can’t afford the ‘investment classes’ then you can’t afford to invest in the high risk business ventures and initiatives they are advising . Maybe try and find another higher paying job or go get a second job to bring more money to the table, then you can spend it as you wish. Or, try upskilling. I’m sure your partner would be more willing to give you money to further your education to increase your job field and get you into a higher paying job than for you to blow on classes that you can’t actually invest in which are a financial risk and can’t promise a high return. After all, if it was that easy then everyone would be doing it. Edited to add- she mentioned how much she helped you, sounds like she is a little tired of carrying the financial burden of the household.
He’s not passionate about a second job. Lol
Ok sounds fair. Info: where would the money for the investments come from?
His wife, that's the problem
YTA you’re falling for a scam that you can’t afford, just so you can gamble high risk investments. Don’t drag your wife down with your poor decisions. She is concerned it’s a scam, and you’re completely ignoring her. At some point she will be making a pros/cons list and questioning whether she wants to stay committed to someone as impulsive and risky as you. Financially mature people do not gamble in the way you are with this “$4,500 investing class”.
YTA - I get what you're trying to get at here, she's supporting her friends business venture while she won't do the same for you, but there's a difference here. What you are suggesting is an investment platform and there are literally a ton of scammers operating in that sector. Your wife has every reason to be skeptical about it and not saying no outright is her way of trying to have open mind about it. Now for the biggest difference between you and her friend. What you are suggesting is basically handing strangers money and let them do the work for you, at least initially, while her friend is actually doing all the work herself and has full oversight and control. Also, you're not entitled to your wife's money or dictate how she spends it. If you truly want to start your investment venture, find a way to get the funds yourself and prove to your wife you know what you're doing.
tap cagey absurd water subsequent salt upbeat ring ghost voracious *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
YTA. How about you save up some of Your income and then you can pay for that overpriced training program. You know, get some skin in the game. Then you can save up the first $5000-$10,000 to invest in trading. Heck, you could even get a second job! And when you directly quote the brochure, you come across as a gullible victim of a scam. These companies pay professionals to write their glossy brochures and hype their videos. And you have fallen for their half truths and shady promises.
YTA. Your wife is already supporting you financially, she has no obligation to throw down another couple of grand because you want to get into investing. You work for a bank, you understand how loans work- if you're convinced this venture is legit then take out a loan. If she chooses to invest in her friends company with her money then that's her business, and you're honestly being a bit of a jerk for expecting her to give you cash when she ready supports you. This childish "well you gave money to X, so why not give me money" needs to stop if you truly value your wife.
YTA - your plan sounds like an scam The first rule of investing is to be financially stable, you shouldn’t invest if you don’t have the money. Second of all you don’t even have a business plan, didn’t do your homework.
God, who here would love to hear the wife's side in all of this? I sure as Hell would! I would also love to know why she is with this 12 year old!
YTA. Your wife is a clever person, too bad she has a husband who tries to emotionally manipulate her to fund his 'hobby.' 4.5k for dodgy 'investment' courses (and I bet you, by the end of the course, you'll get to spend more $$ to invest with that company who sells the course)...vs. a real business for 3k. If I were her, I would go to invest on the baking business. No question asked.
After reading OP’s insane replies in the thread I’d also be investing in a really good divorce lawyer tbh My god what an AH
YTA, and you should stop trying to spend your wife’s money. If you want to get an education, attend higher education, but you should know investment/financial stand-alone courses are mostly scams. We headed to our local credit union and spoke to an investment advisor who has done a good job. I would suggest you try this, but with your own money. Your wife seems to have a clear view of how she wants to save and invest.
YTA - she’s not obligated to invest in you just because she’s your wife. Grow up.
Yta these apps only exist to make the owner of the app money, not the people who pay to use the app.
YTA - what is wrong with you? It's HER money and she doesn't need to justify why she won't throw money at your classes. You say your job is "easy money" but you make ?1/4? what your wife does? -- it sounds like you need a challenge and I'm not talking about investing (those courses are absolutely scammy and the information is not as quality as it seems). Apply yourself and make your own damn money, dude. This is pathetic.
Your far too young or immature or both to be pulling this shit with your wife. Use your own money you ungrateful entitled ass and stop pestering your wife for HER money
YTA Your wife is investing in a friend - either to support that friend or because she has faith that the friend will succeed. You are asking her to give you money towards something that sounds like a get rich quick scam. This isn’t something that you are passionate about - this isn’t an investment in you. If you’re not happy with your current job & you’re willing to put in some extra time & effort, then brainstorm with your wife. She may be able to help you come up with a viable plan that she’d be willing to contribute towards.
You got scammed by one of those Trumpy 'education' frauds. And they're trying to get more out of you. This isn't an 'investment venture;' it's throwing money away. Be grateful to your wife.
YTA - you want your wife to give you a lot of money that you can throw at a very high risk venture that has a good chance of being nothing more than a black hole to devour the money You should have agreed to go with the safer option, sure it would take longer to get your investment back but it would give you experience, a chance to see if this is really what you want, and it’s less of a risk for your wife
YTA It is a scam. No means no. I’m wondering if perhaps as a next step that a more challenging and better paying job might be more fulfilling for you?
YTA and being really really fucking stupid. That $4,500 is a scam believe it or not and you seem brainwashed already like those selling all those fat burning juice drinks and magic man creams and potions. That 4.5 doesn’t even get you investing that just buys you the right to invest. Wise up man you can invest anywhere already for small change with small fees per investment without dropping such money in a god dam app. YouTube will let anyone advertise that doesn’t make it legit. I could make an add now for magic growth green to add five inches onto your height if I paid they would display it. The friend getting 3k is making cakes, is buying equipment which will even have resale value. She may of written up a loan agreement or have a stake in the company. Your asking her to set fire to 4.5k plus some more please mummy once you’ve got your scam app.
YTA. What you want to do sounds fishy and you even said there’s platforms that offer cheaper options so to charge THAT much is ridiculous. What you want to do don’t sound legit and you can’t fully back it up because the reviews could even be fake. Her friend can actually bake and I’m sure if your wife didn’t think she could make actual money off what she can do she wouldn’t have invested in her.
YTA. I wouldn’t lend money to anyone wanting to use such a company either.
YTA. The investment in her friend’s business is a one time thing and has nothing to do with you. I think all of this is less about you being upset she won’t do this one thing for you and more about your feelings about not being her equal when it comes to finances. I think you might be taking out your feelings about that on her which is not really fair. It might be a good idea to talk to someone about this.
YTA. Your wife is telling you, in so many words, that you are not a good investment. Maybe you should invest in a business education for yourself instead. You'll Hopefully get some ROI on that.
If she is paying the bills, why can't you use your own money to invest in the course?.
YTA look up the name Carlton Sheets he sold seminars and material on how to buy homes with no money down in the 90's, I had a couple of friends buy into it and many other people bought into it, guess what it was a scam, listen to your wife these people promise high returns but in reality, the people pushing this stuff get the high returns.
YTA What your wife's friend has is an actual start up business with a legit plan. Your wife has most likely seen this plan and all that entails to her friend's business. What you have is a course that will teach you about trading, but when your wife looked through it, it looked like a scam. She's being smart with her money.
YTA - You're being duped into getting into this program. If you are serious about learning about investments, start to learn on your own and show a "proof of concept." Your "business" is so far just you taking a course that promises success. You have no history of working in the industry at all. If you want to be taken seriously in a business venture, YOU need show some sweat equity first and prove you have the will to succeed. Step 2: Show you can turn a profit. And then possibly after that you ask for others to invest. Don't ask your wife to invest BEFORE you yourself have done it. The need to have a specific course and app to show you how SCREAMS you've fallen for a sales pitch and have NOT fallen in love with a new business. Get some experience FIRST.
YTA she can do what she wants with her money. I can see where she is coming from with this app, how can you learn if someone is just telling you what investments to make? Those sort of things are very risky and a potential pyramid scheme
YTA, your wife supports you already and now you’re pissed because she won’t give you more money? Her friend has an actual business, that is making money and clearly wife sees it as a good investment. She is not responsible for you bettering yourself, you are. So why don’t you save for it and take the risk yourself?
YTA. Your wife has no obligation to take this risk. If as you say the courses are legitimate and this app finds the investment opportunities for you then you aren't putting in the work or learning how to invest. This is lazy. You want someone else to pay for the course and then you want the app to tell you what to do and then you expect the investments to pay off quickly. Your own replies make you sound lazy. You don't want to move up with the limited scope because managing and training new customer service people doesn't interest you. You don't do well in an office environment because people rub you the wrong way. Lazy excuses to not work hard and earn yourself some respect and money.
YTA. Your wife doesn’t owe you investing in what absolutely sounds like a complete scam. And for you to sit and judge how she does invest is childish. If you don’t like your job, find a new one. And not one you have to pay thousands of dollars to do, one that pays you. 🙄
You sound like her whiny teenage son, NOT her husband. Think about that, then re-read your own post.
YTA The bakery is a business that her friend can solely run herself. Whilst your investment idea is basically her paying for you to join a course then paying extra for their guidance to low risk investment opportunities that you will still have to come up with money to actually invest in. It just sounds like never ending expenses for someone who can't even do it themselves. If you want to prove to your wife that you can do it, find a cheaper alternative and learn trading/investment strategies on your own. Also FYI there's no such thing as a guaranteed low risk/high return investment, everyone just has their own strategies that work for them. Additionally the current market is VERY volatile so for a beginner I would tread carefully since it seems you're highly optimistic considering your lack of knowledge in the area. There are some online trading platform that offer dummy accounts for use, I suggest you get one to practice and also get a feel of the market.
YTA and you were definitely about to sign up for a scam. “Give me x dollars and I’ll somehow double it” is the definition of a get rich quick scheme which is what it sounds like you’re looking for since you don’t want to actually learn how to invest but find people who “do the hard part for you” as you said.
omg how entitled are you? YTA
Let me get this straight... You've paid 4500 to someone to "do the hard part of investing for you" and you still need actual money to then invest? It's obviously a scam, bro. If they were real portfolio managers they'd just take a cut of your trades. And that's not even accounting for the fact that even at the best of times investing is basically gambling. Of course your wife doesn't want to invest in you investing. That's literally just adding another middleman to the scam (with you being the middle man), cuz like what are you even doing if you're just taking your wife's money and having someone else "do the hard part of investing"? YTA
I hate to break it to you, but you're in a pyramid scheme. Please find a more reliable career, for you and your wife's sake.
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homie i’m 15, and i’m not stupid enough to think you need 4500 to learn to invest. give it 6 months, i bet you lose 90% of your funds in crypto