Author Topic: Overheard at Work  (Read 4746853 times)

nobody123

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Re: Overheard at Work
« Reply #13450 on: May 16, 2016, 11:31:44 AM »
Overheard at dinner with neighbor. Ok, it was my neighbor...

Guy just lost his job a month ago, but he's not in panic mode, since he seems to have it together for the most part.  Small home, recently downsized, Older CRV, and his wife drives an older van that they own.

Over dinner he says he landed a job.  Great news!  But this is what made my jaw drop:  it comes with a monthly stipend of 800.00, with a separate gas card.  He nonchalantly mentions that his CRV payment is just under 400.00 a month, so they're looking to replace his wife's van with something much newer, like a 2012 Honda Odyssey.  Jesus. 

This guys no spring chicken, and I can't help but think how fast I could stuff that money into anything other than another car...

Is this a stipend for a vehicle?  If so, isn't it probably a "use it or lose it" scenario?

He's probably using the $800 for his company car lease then trading in the CRV and van to upgrade his wife's vehicle and end up with the same payment.  I can't imagine that the company just hands him $800 cash each month and hopes he spends it on a car.

RyanAtTanagra

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Re: Overheard at Work
« Reply #13451 on: May 16, 2016, 11:38:47 AM »
Fair enough. I should consider it, especially for times when I'm on the road. The main concern I have is that I would need to upgrade my laptop...not a deal-breaker (I usually buy cheap laptops with the idea to upgrade every few years if I need to, so mine wouldn't have the graphics required).

There's no correlation between graphics and playability/fun, imo.  There's a gaming thread floating around, I think in Off Topic.  I could post a couple suggestions, but don't want to derail this thread when there's already a dedicated one :-)

iowajes

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Re: Overheard at Work
« Reply #13452 on: May 16, 2016, 11:49:52 AM »
Fair enough. I should consider it, especially for times when I'm on the road. The main concern I have is that I would need to upgrade my laptop...not a deal-breaker (I usually buy cheap laptops with the idea to upgrade every few years if I need to, so mine wouldn't have the graphics required).

There's no correlation between graphics and playability/fun, imo.  There's a gaming thread floating around, I think in Off Topic.  I could post a couple suggestions, but don't want to derail this thread when there's already a dedicated one :-)

Having a computer that will support the graphics of the game you want to play definitely correlates to playability.


RyanAtTanagra

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Re: Overheard at Work
« Reply #13453 on: May 16, 2016, 11:54:51 AM »
Fair enough. I should consider it, especially for times when I'm on the road. The main concern I have is that I would need to upgrade my laptop...not a deal-breaker (I usually buy cheap laptops with the idea to upgrade every few years if I need to, so mine wouldn't have the graphics required).

There's no correlation between graphics and playability/fun, imo.  There's a gaming thread floating around, I think in Off Topic.  I could post a couple suggestions, but don't want to derail this thread when there's already a dedicated one :-)

Having a computer that will support the graphics of the game you want to play definitely correlates to playability.

Haha, well yea, no argument there.  For any given computer, choose games that it can properly run, or it'll just be an exercise in frustration and disappointment.

MgoSam

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Re: Overheard at Work
« Reply #13454 on: May 16, 2016, 12:00:11 PM »
Fair enough. I should consider it, especially for times when I'm on the road. The main concern I have is that I would need to upgrade my laptop...not a deal-breaker (I usually buy cheap laptops with the idea to upgrade every few years if I need to, so mine wouldn't have the graphics required).

There's no correlation between graphics and playability/fun, imo.  There's a gaming thread floating around, I think in Off Topic.  I could post a couple suggestions, but don't want to derail this thread when there's already a dedicated one :-)

Having a computer that will support the graphics of the game you want to play definitely correlates to playability.

Haha, well yea, no argument there.  For any given computer, choose games that it can properly run, or it'll just be an exercise in frustration and disappointment.

Sorry I should have been more clear. There's a particular game that I've been wanting to play since it came out two years ago. It's a continuation of a game series that I loved growing up, but was shut down on a cliffhanger...the creator's bought out the rights to the game and crowdsourced funding for it to get it released and I've been wanting to play it for a while. I'm actually checking now to see if I can play it, I wanted to play it when it first came out but was busy and forgot about it until this thread mentioned video games.

If I can't play that, I'm going to see what other games that are out there and will work on my laptop. I don't think I'll buy a new laptop just to play this game.

craiglepaige

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Re: Overheard at Work
« Reply #13455 on: May 16, 2016, 07:00:46 PM »
Talking about stupid game expenses, a young coworker (21ish maybe) just bought not one but two of those super expensive Xbox controllers.  They were $190 each and he  got one for himself and his girlfriend. 

Apparently he's really good at a particular FPS game and wants to start making $$ by posting YouTube videos of his gameplay but why not just use the original controller and then get the fancy one, after you make some $$??
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MgoSam

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Re: Overheard at Work
« Reply #13456 on: May 16, 2016, 07:12:16 PM »
Talking about stupid game expenses, a young coworker (21ish maybe) just bought not one but two of those super expensive Xbox controllers.  They were $190 each and he  got one for himself and his girlfriend. 

Apparently he's really good at a particular FPS game and wants to start making $$ by posting YouTube videos of his gameplay but why not just use the original controller and then get the fancy one, after you make some $$??

I suppose that's good money if you can get it. Plus his first $390 can be deduct from his taxes!

MrDelane

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Re: Overheard at Work
« Reply #13457 on: May 16, 2016, 10:31:46 PM »
No comedy in this one... in fact, it kind of bummed out my whole day.
Cleaning up the office today I picked up a receipt off the floor (thinking it was a business expense that needed to be kept track of).  I looked at the receipt and found that it belonged to a coworker.  It was from repayment of a loan from a pawn shop.  Apparently they had pawned a belonging of theirs for a one month loan at a rate of 128%.


Luckyvik

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Re: Overheard at Work
« Reply #13458 on: May 16, 2016, 10:40:05 PM »
No comedy in this one... in fact, it kind of bummed out my whole day.
Cleaning up the office today I picked up a receipt off the floor (thinking it was a business expense that needed to be kept track of).  I looked at the receipt and found that it belonged to a coworker.  It was from repayment of a loan from a pawn shop.  Apparently they had pawned a belonging of theirs for a one month loan at a rate of 128%.
WTF that's the worst one I've ever heard

Playing with Fire UK

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Re: Overheard at Work
« Reply #13459 on: May 17, 2016, 01:55:10 AM »
Over dinner he says he landed a job.  Great news!  But this is what made my jaw drop:  it comes with a monthly stipend of 800.00, with a separate gas card.  ...
Is this a stipend for a vehicle?  If so, isn't it probably a "use it or lose it" scenario?
He's probably using the $800 for his company car lease then trading in the CRV and van to upgrade his wife's vehicle and end up with the same payment.  I can't imagine that the company just hands him $800 cash each month and hopes he spends it on a car.

My company gives me money in lieu of a company car and can spend it on whatever I like as long as I have access to a car if needed for work (most of my work is overseas so I've done a total of 200 miles in three years.

zolotiyeruki

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Re: Overheard at Work
« Reply #13460 on: May 17, 2016, 05:46:00 AM »
No comedy in this one... in fact, it kind of bummed out my whole day.
Cleaning up the office today I picked up a receipt off the floor (thinking it was a business expense that needed to be kept track of).  I looked at the receipt and found that it belonged to a coworker.  It was from repayment of a loan from a pawn shop.  Apparently they had pawned a belonging of theirs for a one month loan at a rate of 128%.
WTF that's the worst one I've ever heard
Yeah, I have a sister-in-law that works at a pawn shop.  The interest rate they charge, which is pretty typical, is almost 11%...per month.

JLee

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Re: Overheard at Work
« Reply #13461 on: May 17, 2016, 12:58:11 PM »
Overheard at dinner with neighbor. Ok, it was my neighbor...

Guy just lost his job a month ago, but he's not in panic mode, since he seems to have it together for the most part.  Small home, recently downsized, Older CRV, and his wife drives an older van that they own.

Over dinner he says he landed a job.  Great news!  But this is what made my jaw drop:  it comes with a monthly stipend of 800.00, with a separate gas card.  He nonchalantly mentions that his CRV payment is just under 400.00 a month, so they're looking to replace his wife's van with something much newer, like a 2012 Honda Odyssey.  Jesus. 

This guys no spring chicken, and I can't help but think how fast I could stuff that money into anything other than another car...

Is this a stipend for a vehicle?  If so, isn't it probably a "use it or lose it" scenario?

I wouldn't have a car payment looming, but if I was offered a $800/month stipend specifically earmarked for car use, I would likely go out and get a fancy new car. I would get a Tesla Model 3.

That wouldn't work out very well, since the stipend is likely because you need a car for work, and you're not going to see a Model 3 until probably 2018 at the earliest. :P

CodAlmighty

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Re: Overheard at Work
« Reply #13462 on: May 18, 2016, 05:05:16 AM »
I overheard a rather consumerist colleague last week saying that they had booked an appointment to see a financial advisor the following day. This morning there was a delivery of no less than five parcels from Amazon, which is actually slightly more than most other days. Not sure I think much of her financial advisor....

Kitsune

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Re: Overheard at Work
« Reply #13463 on: May 18, 2016, 07:07:19 AM »
I overheard a rather consumerist colleague last week saying that they had booked an appointment to see a financial advisor the following day. This morning there was a delivery of no less than five parcels from Amazon, which is actually slightly more than most other days. Not sure I think much of her financial advisor....

To be fair, if people judged my consumerism by the amount of packages I receive, they'd get a really skewed perspective of my finances.

A) I have kids. The nearest thrift store is 30km away, and crappy, and sells used Walmart clothing for the price of new old navy clothing... Which delivers to my door, for free, with free returns of anything we don't want. If I'm gonna pay 4$ for a pair of shorts, I don't want to pay gas for a 70km round-trip along with it.

B) country living. There is not a single store within 25km, and most stores are in the nearest city 50km away. So: a lot of little things (spare rubber gasket for the blender, parts to fix the fridge door, etc) are ordered online just because it's that or pay for gas to then pay the same cost in-store 50km away.


On an average week, I get 5-6 packages. Usually for a total cost of less than 50$, and usually parts to fix things or things that are so much cheaper online that it doesn't make sense to drive to the store. But, yeah, I can see how it looks.

deadlymonkey

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Re: Overheard at Work
« Reply #13464 on: May 18, 2016, 09:21:31 AM »
I overheard a rather consumerist colleague last week saying that they had booked an appointment to see a financial advisor the following day. This morning there was a delivery of no less than five parcels from Amazon, which is actually slightly more than most other days. Not sure I think much of her financial advisor....

To be fair, if people judged my consumerism by the amount of packages I receive, they'd get a really skewed perspective of my finances.

A) I have kids. The nearest thrift store is 30km away, and crappy, and sells used Walmart clothing for the price of new old navy clothing... Which delivers to my door, for free, with free returns of anything we don't want. If I'm gonna pay 4$ for a pair of shorts, I don't want to pay gas for a 70km round-trip along with it.

B) country living. There is not a single store within 25km, and most stores are in the nearest city 50km away. So: a lot of little things (spare rubber gasket for the blender, parts to fix the fridge door, etc) are ordered online just because it's that or pay for gas to then pay the same cost in-store 50km away.


On an average week, I get 5-6 packages. Usually for a total cost of less than 50$, and usually parts to fix things or things that are so much cheaper online that it doesn't make sense to drive to the store. But, yeah, I can see how it looks.

QFT.  I live in an urban area and there is an Amazon distribution depot 2 miles from my house (which means I sometimes get same day or next day free shipping).  There are packages delivered to us most days because it is usually cheaper than the store (especially when factoring in transport) and much easier than heading out with the kids, just to pick up something small that is needed.

CarpeDime

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Re: Overheard at Work
« Reply #13465 on: May 18, 2016, 10:05:35 AM »
Co-worker is a single guy who just bought a 3-bedroom house for himself (with "ample closet space to impress the ladies").  He is now in the market for a new car, because his 7-year-old Audi has cost him $6k in repairs over the past two months.  He can't handle that type of car spending with the new house payment, so he's going to finance a new Audi A6 (approximately $60k) because that monthly payment is "easier to budget for."

*flail*

Kitsune

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Re: Overheard at Work
« Reply #13466 on: May 18, 2016, 10:09:04 AM »
Hah! My standard 'sneak this past my husband' is going 3$ overboard on my ebook budget. I'm suddenly feeling a lot less guilty about that... ;)

Are you my wife? Between this and the house cleanliness stuff over in the Facebook thread you sound a lot like my wife. Except we don't have kids...

I'm glad to know there are other feminist-y bookworms around! :)


Andrew928

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Re: Overheard at Work
« Reply #13467 on: May 19, 2016, 09:11:21 AM »
Co-Worker: "I have gained 22 pounds in the last 6 months I have been working here, I need to start eating better and spending less eating out."

*30 minutes later a Dominos car rolls up...
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ketchup

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Re: Overheard at Work
« Reply #13468 on: May 19, 2016, 10:40:07 AM »
(with "ample closet space to impress the ladies"). 
What the hell...?

iowajes

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Re: Overheard at Work
« Reply #13469 on: May 19, 2016, 10:47:54 AM »
(with "ample closet space to impress the ladies"). 
What the hell...?

I've actually heard this on HGTV a few times, when single men buy houses.  Women don't want to date men with houses with small closets, because they don't want to move in there, apparently.

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Re: Overheard at Work
« Reply #13470 on: May 19, 2016, 11:24:50 AM »
(with "ample closet space to impress the ladies"). 
What the hell...?

I've actually heard this on HGTV a few times, when single men buy houses.  Women don't want to date men with houses with small closets, because they don't want to move in there, apparently.

Nowhere to hide the bodies?
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Sibley

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Re: Overheard at Work
« Reply #13471 on: May 19, 2016, 11:49:27 AM »
(with "ample closet space to impress the ladies"). 
What the hell...?

I've actually heard this on HGTV a few times, when single men buy houses.  Women don't want to date men with houses with small closets, because they don't want to move in there, apparently.

Nowhere to hide the bodies?

Or maybe they just have WAY too many clothes.

former player

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Re: Overheard at Work
« Reply #13472 on: May 19, 2016, 12:34:18 PM »
(with "ample closet space to impress the ladies"). 
What the hell...?

I've actually heard this on HGTV a few times, when single men buy houses.  Women don't want to date men with houses with small closets, because they don't want to move in there, apparently.

Nowhere to hide the bodies?

Or maybe they just have WAY too many clothes.
No, it's a euphemism.
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fattest_foot

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Re: Overheard at Work
« Reply #13473 on: May 19, 2016, 04:02:40 PM »

That said, I run a good sized manufacturing plant, and I drive the crappiest car in our lot. It's kind of eye opening to me to see how many of my employees drive brand new trucks and such with a $40k income. I couldn't imagine spending a year's salary on an automobile.

I second this. I run a electronics manufacturing plant and my car is worth less than $2k. Most of my employees drive brand new cars $30-40k range(there entire salary). They used to complain how they were broke to me all the time and I would just point at there car and then to mine.

I have lost the title, or at least I have competitors for "crappiest car on the lot" title at work now that I got a new car. I've also vaulted over the $2k bar, and the new car is POSH. I have Air Conditioning again!
...

For every sub-2k vehicle I see where I work, there are two monster trucks blocking their doors in. They can't even fit in parking spaces anymore, too wide and too long to park properly, and too tall to work out of.
The irony is that clown cars used to be very tiny and packed full with dozens of clowns. These days they're so big they can't fit in a parking space and only one clown comes out when the door opens.

I'm not 100% sure what you meant by this, but my wife and I had to get a truck to move some things a little over a month ago. The one we got was some ridiculous oversized thing, and the only concern I really had was it'd be difficult to drive.

But nope, the REAL problem was that when it came time to load it, I realized the damn bed sat probably 5 feet off the ground. So now instead of just loading stuff, I literally had to lift it above my head to get it into the bed of a truck. What a ridiculous design. But then I remember that people who drive trucks that tall probably never put anything in the back.

JAYSLOL

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Re: Overheard at Work
« Reply #13474 on: May 19, 2016, 08:40:50 PM »
Coworker today "I'm not very optimistic about the economy, very worried."

I didn't press him as to why, but I can only think of 3 situations in which worrying about the economy would occupy much of my time...

1.  If I were a politician or an economist whose job was dependant on worrying about the economy

2.  If I were a Billionare venture capitalist who just made a massive investment in a startup company that was dependant on a strong economy like an airline

3.  If I were a near minimum wage worker up to my eyeballs in debt and watched 24hour news for fun

I wonder which one applies to him?  Oh, wait..

babysnowbyrd

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Re: Overheard at Work
« Reply #13475 on: May 19, 2016, 11:37:58 PM »

This is the same guy, when we first started working together, asked where I lived. When I told him, he replied: That's not such a bad neighborhood. I even let my son trick-or-treat in part of it.

Gee, thanks?!?

At my old job a coworker was complaining about the parents of her daughter's friend who let the two girls (8 years old) walk to the corner gas station alone to buy ice-cream. She thought it the neighborhood was too sketchy to let two girls so young go alone on such an errand. I know my coworker really well, and she's usually a bit more descriptive. Normally she would say which neighborhood so you would understand what she meant, most of the time people agree with her. Anyway, when she glossed over that part, I just got a big smile on my face. She flushed when she saw it but kept telling her story.

Yup. My neighborhood.

onehair

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Re: Overheard at Work
« Reply #13476 on: May 20, 2016, 08:50:25 AM »
Finally I have one to add on a coworker just lost her grandmother a week ago.  She seems to be more concerned her lazy younger daughter have her hair properly styled (for which she has no money by the way) for the funeral.  WTF? Go pay your respects put a hat or a scarf or a headwrap on your head but go!!!  I shake my head so often hearing of her financial silliness I think I have whiplash.  She eats out almost daily but has trouble paying rent.  I doubt she has anything in her retirement account at this point frequently borrowing from it... She has ignored our pleas for her to move to a cheaper apartment allows her relatives to use her and generally never seems to display any financial sense whatsoever.  She chastised me for not eating out daily at lunch as much as I used to...


iowajes

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Re: Overheard at Work
« Reply #13477 on: May 20, 2016, 09:27:46 AM »
Finally I have one to add on a coworker just lost her grandmother a week ago.  She seems to be more concerned her lazy younger daughter have her hair properly styled (for which she has no money by the way) for the funeral.  WTF? Go pay your respects put a hat or a scarf or a headwrap on your head but go!!!

Although she probably has financial issues that are face punch worthy, you really can't judge people who are grieving. People process things in weird ways and things that don't matter at all often appear very important.

MgoSam

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Re: Overheard at Work
« Reply #13478 on: May 20, 2016, 09:32:47 AM »
Coworker today "I'm not very optimistic about the economy, very worried."

I didn't press him as to why, but I can only think of 3 situations in which worrying about the economy would occupy much of my time...

1.  If I were a politician or an economist whose job was dependant on worrying about the economy

2.  If I were a Billionare venture capitalist who just made a massive investment in a startup company that was dependant on a strong economy like an airline

3.  If I were a near minimum wage worker up to my eyeballs in debt and watched 24hour news for fun

I wonder which one applies to him?  Oh, wait..

That could be, but it affects people far more deeply than those 3 situations. For me, I would be worried if the economy took a downturn because than consumer confidence would decline, and so they wouldn't spend as much, meaning that as a wholesaler, my customers won't buy as much. This would hurt my business.

BDWW

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Re: Overheard at Work
« Reply #13479 on: May 20, 2016, 10:51:26 AM »
Coworker today "I'm not very optimistic about the economy, very worried."

I didn't press him as to why, but I can only think of 3 situations in which worrying about the economy would occupy much of my time...

1.  If I were a politician or an economist whose job was dependant on worrying about the economy

2.  If I were a Billionare venture capitalist who just made a massive investment in a startup company that was dependant on a strong economy like an airline

3.  If I were a near minimum wage worker up to my eyeballs in debt and watched 24hour news for fun

I wonder which one applies to him?  Oh, wait..

That could be, but it affects people far more deeply than those 3 situations. For me, I would be worried if the economy took a downturn because than consumer confidence would decline, and so they wouldn't spend as much, meaning that as a wholesaler, my customers won't buy as much. This would hurt my business.

I think you just illustrated his point. The "economy" shouldn't really affect how you run your business. You manage overhead, inventory, other expenses as always. The "economy" can be going like gangbusters and a new competitor could have just as much effect on your business as a crappy "economy." 

See Ford vs GM ~2008

nanu

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Re: Overheard at Work
« Reply #13480 on: May 20, 2016, 10:56:28 AM »
Coworker today "I'm not very optimistic about the economy, very worried."

I didn't press him as to why, but I can only think of 3 situations in which worrying about the economy would occupy much of my time...

1.  If I were a politician or an economist whose job was dependant on worrying about the economy

2.  If I were a Billionare venture capitalist who just made a massive investment in a startup company that was dependant on a strong economy like an airline

3.  If I were a near minimum wage worker up to my eyeballs in debt and watched 24hour news for fun

I wonder which one applies to him?  Oh, wait..

That could be, but it affects people far more deeply than those 3 situations. For me, I would be worried if the economy took a downturn because than consumer confidence would decline, and so they wouldn't spend as much, meaning that as a wholesaler, my customers won't buy as much. This would hurt my business.

I think you just illustrated his point. The "economy" shouldn't really affect how you run your business. You manage overhead, inventory, other expenses as always. The "economy" can be going like gangbusters and a new competitor could have just as much effect on your business as a crappy "economy." 

See Ford vs GM ~2008
Yes and no. When you run a business you probably make future projections (Is now a good time to try to expand to new market? To hire more people? To order a lot of merchandise?),
and if you think the economy is going to tank soon you'll make different projections and therefore different decisions than if you think the economy will prosper
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MgoSam

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Re: Overheard at Work
« Reply #13481 on: May 20, 2016, 11:15:36 AM »
Coworker today "I'm not very optimistic about the economy, very worried."

I didn't press him as to why, but I can only think of 3 situations in which worrying about the economy would occupy much of my time...

1.  If I were a politician or an economist whose job was dependant on worrying about the economy

2.  If I were a Billionare venture capitalist who just made a massive investment in a startup company that was dependant on a strong economy like an airline

3.  If I were a near minimum wage worker up to my eyeballs in debt and watched 24hour news for fun

I wonder which one applies to him?  Oh, wait..

That could be, but it affects people far more deeply than those 3 situations. For me, I would be worried if the economy took a downturn because than consumer confidence would decline, and so they wouldn't spend as much, meaning that as a wholesaler, my customers won't buy as much. This would hurt my business.

I think you just illustrated his point. The "economy" shouldn't really affect how you run your business. You manage overhead, inventory, other expenses as always. The "economy" can be going like gangbusters and a new competitor could have just as much effect on your business as a crappy "economy." 

See Ford vs GM ~2008
Yes and no. When you run a business you probably make future projections (Is now a good time to try to expand to new market? To hire more people? To order a lot of merchandise?),
and if you think the economy is going to tank soon you'll make different projections and therefore different decisions than if you think the economy will prosper

BDWW, I really don't know what you're trying to say but I'll try to address it.

Yes, if the market for my products is going well, I have to be wary of competitors. If the market is bad, well things are good for obvious reasons, but I think it's the height of stupidity to say that the economy doesn't affect how I run my business. EVERYTHING effects how I run my business, I don't stay up at night worrying about the economy (there are plenty of other things on my mind), but it is something I have to watch for.

In addition for sales declining, there's always the chance that my customers will go out of business. This can hurt due to losing that customer, but also if they had a balance with me, there's the challenge in collecting. My company is stable (knock on wood), but all too many businesses run on a slow margin.

Nanu, you're correct, but as someone that has a company that has an extremely low overhead, there's only so much we can do in the face of a bad economy. The only thing I can really do is order less products, but it is always a challenge to pick the right one. Oh, I'll also switch to buying more lower end products, as generally customers will tend to gravitate towards them during a recession.

JAYSLOL

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Re: Overheard at Work
« Reply #13482 on: May 20, 2016, 11:18:14 AM »
Coworker today "I'm not very optimistic about the economy, very worried."

I didn't press him as to why, but I can only think of 3 situations in which worrying about the economy would occupy much of my time...

1.  If I were a politician or an economist whose job was dependant on worrying about the economy

2.  If I were a Billionare venture capitalist who just made a massive investment in a startup company that was dependant on a strong economy like an airline

3.  If I were a near minimum wage worker up to my eyeballs in debt and watched 24hour news for fun

I wonder which one applies to him?  Oh, wait..

That could be, but it affects people far more deeply than those 3 situations. For me, I would be worried if the economy took a downturn because than consumer confidence would decline, and so they wouldn't spend as much, meaning that as a wholesaler, my customers won't buy as much. This would hurt my business.

I think you just illustrated his point. The "economy" shouldn't really affect how you run your business. You manage overhead, inventory, other expenses as always. The "economy" can be going like gangbusters and a new competitor could have just as much effect on your business as a crappy "economy." 

See Ford vs GM ~2008
Yes and no. When you run a business you probably make future projections (Is now a good time to try to expand to new market? To hire more people? To order a lot of merchandise?),
and if you think the economy is going to tank soon you'll make different projections and therefore different decisions than if you think the economy will prosper

I did over-simplify it a little, however worrying about the economy and making business calculations based on future predictions are quite different.  I too make life decisions based on economic factors, but I don't tend to "worry" about the economy

BDWW

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Re: Overheard at Work
« Reply #13483 on: May 20, 2016, 02:19:34 PM »
Coworker today "I'm not very optimistic about the economy, very worried."

I didn't press him as to why, but I can only think of 3 situations in which worrying about the economy would occupy much of my time...

1.  If I were a politician or an economist whose job was dependant on worrying about the economy

2.  If I were a Billionare venture capitalist who just made a massive investment in a startup company that was dependant on a strong economy like an airline

3.  If I were a near minimum wage worker up to my eyeballs in debt and watched 24hour news for fun

I wonder which one applies to him?  Oh, wait..

That could be, but it affects people far more deeply than those 3 situations. For me, I would be worried if the economy took a downturn because than consumer confidence would decline, and so they wouldn't spend as much, meaning that as a wholesaler, my customers won't buy as much. This would hurt my business.

I think you just illustrated his point. The "economy" shouldn't really affect how you run your business. You manage overhead, inventory, other expenses as always. The "economy" can be going like gangbusters and a new competitor could have just as much effect on your business as a crappy "economy." 

See Ford vs GM ~2008
Yes and no. When you run a business you probably make future projections (Is now a good time to try to expand to new market? To hire more people? To order a lot of merchandise?),
and if you think the economy is going to tank soon you'll make different projections and therefore different decisions than if you think the economy will prosper

BDWW, I really don't know what you're trying to say but I'll try to address it.

Yes, if the market for my products is going well, I have to be wary of competitors. If the market is bad, well things are good for obvious reasons, but I think it's the height of stupidity to say that the economy doesn't affect how I run my business. EVERYTHING effects how I run my business, I don't stay up at night worrying about the economy (there are plenty of other things on my mind), but it is something I have to watch for.

In addition for sales declining, there's always the chance that my customers will go out of business. This can hurt due to losing that customer, but also if they had a balance with me, there's the challenge in collecting. My company is stable (knock on wood), but all too many businesses run on a slow margin.

Nanu, you're correct, but as someone that has a company that has an extremely low overhead, there's only so much we can do in the face of a bad economy. The only thing I can really do is order less products, but it is always a challenge to pick the right one. Oh, I'll also switch to buying more lower end products, as generally customers will tend to gravitate towards them during a recession.

I understand you're perspective and I don't think we really disagree. I was simply trying to point out that the "economy" as it's referred to in main stream media, has very little relevance to many (perhaps most) businesses, if they operate conservatively. I too own a business, and there is very little correlation between the national "economy", and my business. There are a multitude of factors that effect how much product I move that are outside of general national trends. In the course of controlling - reducing/increasing inventory/overhead, etc - for those factors, I also indirectly control for influence of broader trends. 

I guess what I'm trying to say is that if you are effective at controlling for the everyday factors of business*, for the most part, you should be able to weather/adapt to broader trends.

*Of course a loaded statement that can be incredibly difficult.

9-Volt

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Re: Overheard at Work
« Reply #13484 on: May 20, 2016, 04:27:06 PM »
Across from work, a electric go-cart place opened up last month. So I walked over to see what it's about. The cost was $15 -20 a race depending how many you bought and $20 membership. I was like NO WAY, I already pay enough for my car. The guy next to me had totally different view. He has already done 50 races ($750). When I got back to my office, a coworker asked how many races I pre-bought? He got himself 15 races ($300). I get go-karts for kids, or if you could go faster than real cars. But driving to a place to go driving, is just ridiculous.

Ann

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Re: Overheard at Work
« Reply #13485 on: May 20, 2016, 05:14:47 PM »
What!?!?  When I started reading your post, I sheepishly thought "yeah, I'm probably unmustachian enough to go once or twice."  50 times?!?  That's why it made the Wall of Shame and Comedy.
(So do you have to get the $20 membership?)

russianswinga

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Re: Overheard at Work
« Reply #13486 on: May 20, 2016, 05:15:37 PM »
The guy next to me had totally different view. He has already done 50 races ($750).

$750 will get you an Xbox one, a racing chair, wheel and pedals. Then you can drive any car you want on any track or circuit in the world in a very realistic fashion.

k-vette

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Re: Overheard at Work
« Reply #13487 on: May 20, 2016, 06:53:04 PM »
The guy next to me had totally different view. He has already done 50 races ($750).

$750 will get you an Xbox one, a racing chair, wheel and pedals. Then you can drive any car you want on any track or circuit in the world in a very realistic fashion.

Or your own go-kart.
“Many more people could ride out the storm-tossed waves in their economic lives if they had a supply of food and clothing and were debt-free. Today we find that many have followed this counsel in reverse: they have a supply of debt and are food-free.”  President Thomas S. Monson

MgoSam

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Re: Overheard at Work
« Reply #13488 on: May 20, 2016, 10:03:11 PM »
Electric go-kart sounds like fun, but not $15-20 worth of fun.

JAYSLOL

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Re: Overheard at Work
« Reply #13489 on: May 21, 2016, 04:06:45 PM »
Electric go-kart sounds like fun, but not $15-20 worth of fun.

Pretty much my take on it too.  I worked at a go-cart place one summer, but I don't spend money on that kind of thing at home.  I did go go-carting while travelling in India with some friends once because it was like only $7 or $8 for 20 laps and the cars were (scary) fast compared to anything i've ever seen at here. 

Reynold

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Re: Overheard at Work
« Reply #13490 on: May 24, 2016, 08:55:20 AM »
I was simply trying to point out that the "economy" as it's referred to in main stream media, has very little relevance to many (perhaps most) businesses, if they operate conservatively. I too own a business, and there is very little correlation between the national "economy", and my business.

Though in the downturn of 2008, my company went through its first ever (in 18 years) round of general layoffs, and it included me, so it is not unreasonable as a wage slave to worry about the economy.  If you own a company, you might want to keep more capital reserves or open a line of credit, even if you don't plan to use it.  Ford avoided declaring bankruptcy in 2009, unlike General Motors, because they set up big lines of credit before the recession. 

There are, of course, lots of jobs and companies whose business does fine in a recession, and some which even do better, but I don't think it is the general case, or it wouldn't be a recession. 

MgoSam

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Re: Overheard at Work
« Reply #13491 on: May 24, 2016, 09:08:54 AM »
I was simply trying to point out that the "economy" as it's referred to in main stream media, has very little relevance to many (perhaps most) businesses, if they operate conservatively. I too own a business, and there is very little correlation between the national "economy", and my business.

Though in the downturn of 2008, my company went through its first ever (in 18 years) round of general layoffs, and it included me, so it is not unreasonable as a wage slave to worry about the economy.  If you own a company, you might want to keep more capital reserves or open a line of credit, even if you don't plan to use it.  Ford avoided declaring bankruptcy in 2009, unlike General Motors, because they set up big lines of credit before the recession. 

There are, of course, lots of jobs and companies whose business does fine in a recession, and some which even do better, but I don't think it is the general case, or it wouldn't be a recession.

Before I came to work here we suffered during a recession. We didn't have LOC set up, nor did we have a cash reserve and suffered as a result. Thankfully we were able to get loans from family members that owned successful businesses and paid them back (with interest), but it was a good lesson to avoid such situations.

BDWW, good for you, but my business has a correlation with the economy even though we have started a new line of products that could be recession-proof, I have no desire to put it to the test. My sense has been that when people worry about finances, they tend to spend less, and that means less demand for products in general. A rising tide....

ender

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Re: Overheard at Work
« Reply #13492 on: May 25, 2016, 05:37:40 AM »
I was simply trying to point out that the "economy" as it's referred to in main stream media, has very little relevance to many (perhaps most) businesses, if they operate conservatively. I too own a business, and there is very little correlation between the national "economy", and my business.

Though in the downturn of 2008, my company went through its first ever (in 18 years) round of general layoffs, and it included me, so it is not unreasonable as a wage slave to worry about the economy.  If you own a company, you might want to keep more capital reserves or open a line of credit, even if you don't plan to use it.  Ford avoided declaring bankruptcy in 2009, unlike General Motors, because they set up big lines of credit before the recession. 

There are, of course, lots of jobs and companies whose business does fine in a recession, and some which even do better, but I don't think it is the general case, or it wouldn't be a recession.

Before I came to work here we suffered during a recession. We didn't have LOC set up, nor did we have a cash reserve and suffered as a result. Thankfully we were able to get loans from family members that owned successful businesses and paid them back (with interest), but it was a good lesson to avoid such situations.

BDWW, good for you, but my business has a correlation with the economy even though we have started a new line of products that could be recession-proof, I have no desire to put it to the test. My sense has been that when people worry about finances, they tend to spend less, and that means less demand for products in general. A rising tide....

There is value in considering how your industry is affected by ups and downs in the economy.

Some definitely fare differently.

nobodyspecial

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Re: Overheard at Work
« Reply #13493 on: May 25, 2016, 06:44:48 AM »
There is value in considering how your industry is affected by ups and downs in the economy.

Some definitely fare differently.
The dollar store chain is up abut 850% since 2009 for example

Kitsune

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Re: Overheard at Work
« Reply #13494 on: May 25, 2016, 07:46:34 AM »
There is value in considering how your industry is affected by ups and downs in the economy.

Some definitely fare differently.
The dollar store chain is up abut 850% since 2009 for example

To be fair to the dollar store (the Quebec chain is Dollorama, I have no idea about anywhere else) - in 2009, what they sold was ALWAYS 1$ or less, and was junk. The local Dollorama is now... actually a really decent place to get things. I'm pretty sure everything is now 3$ or under, but that includes huge (and nice-looking) pots and planters for the deck, pool noodles and pool toys, outdoor toys that don't break immediately, balls, basic art supplies (especially great for a toddler craft-kit under 10$...), etc. Like, I can guarantee that I spend way more at the dollar store now than I did 7 years ago, but it's not because I'm more broke, it's that their offerings have gotten way better and it's worth going there for the things I want/need.

nobodyspecial

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Re: Overheard at Work
« Reply #13495 on: May 25, 2016, 09:35:46 AM »
Dollarama are doing great. Fantastic business model of opening local stores to sell things that are otherwise in out-of-town big box Walmart or Canadian Tire and which are too small and cheap for Amazon to bother with.

But they did get lucky by being one of the few retail brands who benefited from a recession.
 

Warlord1986

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Re: Overheard at Work
« Reply #13496 on: May 25, 2016, 10:08:08 AM »
It wasn't at my work, but it happened at somebody's work. I went for a dentist appointment (and you will all be happy to know that I have nice, clean chompers) and when I went to pay it was $78.80. I was about to pay and the lady goes: "Do you want to pay it all at once?"

It was actually less expensive than what I was expecting, and dentist appointments come around like clockwork. This is not a surprise expense and it's not a huge amount. Why wouldn't I pay for it all at once?

On the plus side, the dental assistant and I talked about how great consignment stores are, and what great deals we always get, and how much better they are than the mall. :)

infogoon

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Re: Overheard at Work
« Reply #13497 on: May 25, 2016, 10:09:03 AM »
Fun fact for other US readers: Dollar Tree both sells groceries and accepts coupons. So if you have manufacturer coupons for $1 off something that they sell, it's free. I get a lot of canned soup / peanut butter / jelly / other basic staples from them.

marcela

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Re: Overheard at Work
« Reply #13498 on: May 25, 2016, 10:24:28 AM »
It wasn't at my work, but it happened at somebody's work. I went for a dentist appointment (and you will all be happy to know that I have nice, clean chompers) and when I went to pay it was $78.80. I was about to pay and the lady goes: "Do you want to pay it all at once?"

It was actually less expensive than what I was expecting, and dentist appointments come around like clockwork. This is not a surprise expense and it's not a huge amount. Why wouldn't I pay for it all at once?

On the plus side, the dental assistant and I talked about how great consignment stores are, and what great deals we always get, and how much better they are than the mall. :)

We recently had to go to the emergency room for my husband (he's fine now). The co-pay was $100 and when he went to pay they offered a 20% discount if we paid right then. Seemed pretty wacky, but we were happy to take the discount!

sw1tch

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Re: Overheard at Work
« Reply #13499 on: May 25, 2016, 11:28:04 AM »
Fun fact for other US readers: Dollar Tree both sells groceries and accepts coupons. So if you have manufacturer coupons for $1 off something that they sell, it's free. I get a lot of canned soup / peanut butter / jelly / other basic staples from them.

Yes! I actually started buying 100% whole wheat bread from Dollar Tree (they are kind of hit or miss with when they get shipments of Nature's Own but otherwise it has been good).  The expiration date is usually a few days away, but the stuff holds up in the fridge or freezer just fine past the date.  iBotta also has rebates for any type of bread (used to be $0.50 but now is $0.25) that can be applied to Dollar Tree purchases.

I'll have to take a closer look at some of the staples that you mentioned the next time I go there.
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