Author Topic: Overheard at Work  (Read 5290132 times)

russianswinga

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Re: Overheard at Work
« Reply #13450 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 #13451 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.

MgoSam

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Re: Overheard at Work
« Reply #13452 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 #13453 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 #13454 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 #13455 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 #13456 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 #13457 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 #13458 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 #13459 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 #13460 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 #13461 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 #13462 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 #13463 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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Suze456

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Re: Overheard at Work
« Reply #13464 on: May 25, 2016, 01:52:01 PM »
Overheard someone say they pay for everything with credit card so they get another 30-45 days before they have to actually pay for it. Ok in theory, but...
1. They have plenty of money in their current account (no reason not to pay for it in full straight away)
2. They get 0% interest on their current account (having the money for another 30-45 days doesn't do them any good)
3. They then forget to pay the credit card off and get hit with a 20% interest rate!
 and...
4. They teach maths for a living.

zephyr911

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Re: Overheard at Work
« Reply #13465 on: May 25, 2016, 02:00:18 PM »
Lots of us here do that, except, we actually take advantage of that free float to keep more funds invested. Autodraft from checking can avoid that pesky interest.
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Suze456

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Re: Overheard at Work
« Reply #13466 on: May 25, 2016, 02:08:03 PM »
They mustn't have read the full article :) . I know, it makes sense if you pay it off in full before the deadline AND do something with the money

BTDretire

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Re: Overheard at Work
« Reply #13467 on: May 25, 2016, 03:48:04 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.
My son and I built an electric gokart about 10 years ago, I started with an old gokart an acquaintance had up against the wall in his garage, I ask if he wanted to sell it, he said give me $100. I have a friend with a welding shop
and he acquired a DC motor off of some equipment he junked. Long story shortened, we had a ball with it. It would top out at about 40mph, the kids loved doing donuts.  It was quiet so the neighbors never complained.
We used it about 5 years, the kids went away to college, so I decided to sell it.
 I got on a gokart forum, I described it and ask how I would go about selling it. It was an older gokart, like 50 years old. I immediately got 3 offers and I hadn't even offered it, I was just asking how I go about it.
Surprise!!! The top offer was $1,200. I accepted it and then had people on the forum mad because I did not give them a chance to bid. Well. after the weekend I got a sad story from the buyer and he wanted out. So I reposted it and sold it for the same $1,200. Not much chance I'll ever get paid to have that much fun again. :-)

myhotrs

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Re: Overheard at Work
« Reply #13468 on: May 26, 2016, 09:36:09 AM »
So this girl at work just bought a new puppy (still waiting for it actually) and is very excited. She's someone I think is very bright and I've shared my FIRE plans with her, thought she understood and was interested. Well, not so much it turns out. The new puppy cost over $5,000!!!!

The idea of someone spending anything when there are millions or adoptable dogs of practically any breed and age available everywhere is very disturbing to me. People seem to have no problem selling their own future, supporting puppy-mills, letting dogs WE created be killed by the millions, etc etc. Everyone in the office is all excited and looking at designer dogs all day which will only lead others here to "keep up" by buying their own designer puppies.

I'm a pretty conservative free-market guy, but sometimes I'm really down on mankind.
I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine.

Chris22

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Re: Overheard at Work
« Reply #13469 on: May 26, 2016, 09:43:44 AM »
So this girl at work just bought a new puppy (still waiting for it actually) and is very excited. She's someone I think is very bright and I've shared my FIRE plans with her, thought she understood and was interested. Well, not so much it turns out. The new puppy cost over $5,000!!!!

The idea of someone spending anything when there are millions or adoptable dogs of practically any breed and age available everywhere is very disturbing to me. People seem to have no problem selling their own future, supporting puppy-mills, letting dogs WE created be killed by the millions, etc etc. Everyone in the office is all excited and looking at designer dogs all day which will only lead others here to "keep up" by buying their own designer puppies.

I'm a pretty conservative free-market guy, but sometimes I'm really down on mankind.

Well, I sorta agree, but...

1.  I had a bad experience with a shelter dog as a kid.  Was very aggressive, bit everyone in my family multiple times (breaking the skin) and we had to put him down about 18 months after adopting.  I was very wary of that.

2.  We intended to go find a breeder, etc, for our dog, but my wife hadn't really had much experience with the breed we were looking at.  We went to a crappy pet store that was selling the breed we were interested in.  You see where this is going.  Of course we fell in love with one, and had to buy him*.  Do I feel bad I supported a crappy system?  Yes, I do.  Do I think my particular dog would be better off if I hadn't bought him for moral/idealogical reasons?  Not at all.  So I did.  Oh well.

*"How much is he?"  "$56/mo" "Huh?  How much to just buy him?" "Oh..I dunno...no one ever asks that..."
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myhotrs

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Re: Overheard at Work
« Reply #13470 on: May 26, 2016, 09:52:44 AM »
Its actually sad on many levels, the puppy she bought has a heart murmur (a genetic defect common in puppy-mills and pure-breed dogs) but there is another puppy that someone put a deposit for and now can't come up with the rest. Who is buying a dog that they can't even afford??
I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine.

mtn

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Re: Overheard at Work
« Reply #13471 on: May 26, 2016, 09:56:42 AM »
Its actually sad on many levels, the puppy she bought has a heart murmur (a genetic defect common in puppy-mills and pure-breed dogs) but there is another puppy that someone put a deposit for and now can't come up with the rest. Who is buying a dog that they can't even afford??

This varies breed to breed and dog to dog. Actually, it is another point in favor of bred dogs in my opinion. When we got our first dog, we met her mother, father, 2 of her grandmothers, 1 of her grandfathers, and her great-grandfather (father of the grandfather we didn't meet). All were in excellent health other than arthritis. But more importantly, we could see that they were all friendly and gentle.

Of course, the healthiest breed overall is a mutt, so you do have a good point that should be remembered.

mtn

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Re: Overheard at Work
« Reply #13472 on: May 26, 2016, 09:57:00 AM »
So this girl at work just bought a new puppy (still waiting for it actually) and is very excited. She's someone I think is very bright and I've shared my FIRE plans with her, thought she understood and was interested. Well, not so much it turns out. The new puppy cost over $5,000!!!!

The idea of someone spending anything when there are millions or adoptable dogs of practically any breed and age available everywhere is very disturbing to me. People seem to have no problem selling their own future, supporting puppy-mills, letting dogs WE created be killed by the millions, etc etc. Everyone in the office is all excited and looking at designer dogs all day which will only lead others here to "keep up" by buying their own designer puppies.

I'm a pretty conservative free-market guy, but sometimes I'm really down on mankind.

Not making a comment on the designer breeds--since I've found most of the various "poo's", other than the Poodle, to be insane--but if she's spending over $5k on the dog it *probably* isn't from a puppy mill. While she probably isn't taking it hunting or anything, my brother is buying one at a similar price point, although he is mostly paying for the training since he is an avid hunter. My neighbors bought one that was even more expensive than that, but they're old and wanted a very specific personality which you can find more reliably with a [responsibly] bred dog.

Now, I'd assume that what she wants is really just a friend--for that, you don't need to get a bred dog or a designer dog. There are rescues everywhere, of every breed, that will be excellent friends.

(Super psyched I get to spend the weekend with 3 awesome dogs--1 rescued at 5 years, 1 as a puppy, and the other from a responsible breeder)

Dollar Slice

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Re: Overheard at Work
« Reply #13473 on: May 26, 2016, 10:05:31 AM »
Overheard a depressing conversation on the subway commute to work this morning. Some guy (a public transit employee, in uniform) was hitting on a much younger woman (she said she was 26, he looked 45-50). Highlights included his story about how he bought an $800 phone and then dropped it in the toilet - "and they wouldn't even replace it for free!" So now he has no phone and he feels like he got "robbed." He seemed to feel like the whole incident was absolutely not his fault in any way - it just fell right out of his hand! Then he asked her (as part of his not-so-smooth hitting-on spiel) "how many times" she's graduated from college, because she is so well-spoken*. She said "I haven't yet... I owe a lot of money." Then they started talking about subway passes and she said the weekly pass was too expensive ($31, IIRC), and he was acting like a big shot because he could get her a discount.

*This was a separate but similar tactic to his "Do you sing? You have such a nice voice" bit... I have never heard so many cheesy pick-up lines in my life.
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MgoSam

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Re: Overheard at Work
« Reply #13474 on: May 26, 2016, 10:37:19 AM »
Overheard a depressing conversation on the subway commute to work this morning. Some guy (a public transit employee, in uniform) was hitting on a much younger woman....... and he was acting like a big shot because he could get her a discount.

*This was a separate but similar tactic to his "Do you sing? You have such a nice voice" bit... I have never heard so many cheesy pick-up lines in my life.

Did it work?

I remember my second year of college, a cute girl was being hit on by a Israeli who was talking about Israeli foreign policy at a party. The party was one being hosted at my house so I sat down with a beer and proceeded to argue with the guy cause what else do people do at parties. Long story short, I got the girl!

Dollar Slice

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Re: Overheard at Work
« Reply #13475 on: May 26, 2016, 10:42:05 AM »
Overheard a depressing conversation on the subway commute to work this morning. Some guy (a public transit employee, in uniform) was hitting on a much younger woman....... and he was acting like a big shot because he could get her a discount.

*This was a separate but similar tactic to his "Do you sing? You have such a nice voice" bit... I have never heard so many cheesy pick-up lines in my life.

Did it work?

She gave him her number. I have no idea what she saw in him, so I'm kind of hoping she wrote down a fake number or something.
...it's not at all alarming that people have started quoting me in their siggy lines.

jda1984

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Re: Overheard at Work
« Reply #13476 on: May 26, 2016, 01:38:08 PM »
Overheard a depressing conversation on the subway commute to work this morning. Some guy (a public transit employee, in uniform) was hitting on a much younger woman....... and he was acting like a big shot because he could get her a discount.

*This was a separate but similar tactic to his "Do you sing? You have such a nice voice" bit... I have never heard so many cheesy pick-up lines in my life.

Did it work?

She gave him her number. I have no idea what she saw in him, so I'm kind of hoping she wrote down a fake number or something.

Well he doesn't have a phone, right?

MgoSam

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Re: Overheard at Work
« Reply #13477 on: May 26, 2016, 01:57:56 PM »
Overheard a depressing conversation on the subway commute to work this morning. Some guy (a public transit employee, in uniform) was hitting on a much younger woman....... and he was acting like a big shot because he could get her a discount.

*This was a separate but similar tactic to his "Do you sing? You have such a nice voice" bit... I have never heard so many cheesy pick-up lines in my life.

Did it work?

She gave him her number. I have no idea what she saw in him, so I'm kind of hoping she wrote down a fake number or something.

Well he doesn't have a phone, right?

How did I miss that? LOL!

Dollar Slice

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Re: Overheard at Work
« Reply #13478 on: May 26, 2016, 02:11:31 PM »
She gave him her number. I have no idea what she saw in him, so I'm kind of hoping she wrote down a fake number or something.

Well he doesn't have a phone, right?

How did I miss that? LOL!

Haha. He's probably paying for a landline on top of the payments for his $800 toiletphone. Or he'll just borrow his wife's (call me cynical but he had a real "married" vibe about him).
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MrsDinero

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Re: Overheard at Work
« Reply #13479 on: May 28, 2016, 06:30:35 AM »
On a recent trip to corporate, we were all at lunch (mixed aged crowd) and the younger employees got to talking about student loans hanging over their heads "FOREVER". 

Older coworker: "You should really buckle down and knock that out.  Life is so much better when you are debt-free."
Younger coworker:  "There is no way I will every be able to pay for it!  I can barely make it to next month!"
Older coworker:  "Aren't you going on a 10 day trip to the islands?  How many months of student loan payments is that costing you?"
Younger coworker:  "..."


Mac_MacGyver

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Re: Overheard at Work
« Reply #13480 on: May 29, 2016, 05:58:37 PM »
Gal I work with got a 5k tatoo from one of those tv personalities because "you have to spend your money on something". Tattoo does look really good though, I will give her that. Now spends that amount twice a year for the same artist. Again, really good work.

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Re: Overheard at Work
« Reply #13481 on: May 29, 2016, 06:43:11 PM »
Gal I work with got a 5k tatoo from one of those tv personalities because "you have to spend your money on something". Tattoo does look really good though, I will give her that. Now spends that amount twice a year for the same artist. Again, really good work.

The problem with body art is that, unlike-- for example-- other forms of art such as paintings or sculpture, is that it's not transferable. Body art is actually consumed. You can't sell it, trade it, or transfer it to somebody else. If you die, it's cremated or buried with you and your kids can't sell it to cover funeral expenses. If you get sick, you can't liquidate it to pay your medical bills or to cover your family's living expenses until you get better.
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Mac_MacGyver

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Re: Overheard at Work
« Reply #13482 on: May 29, 2016, 07:19:12 PM »
Guy used a Govt credit card to spend 2,500 on dinner and household items. He assumed the govt would cover it. He got caught and had to pay it back. Forced to take on a second job to pay that money back. Turns out he has another 30k in credit card debt and is going through military legal to file bankruptcy. He eats out for breakfast and lunch daily, 12 dollars a pop, no idea what he does for dinner.

SwordGuy

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Re: Overheard at Work
« Reply #13483 on: May 29, 2016, 07:57:52 PM »
Gal I work with got a 5k tatoo from one of those tv personalities because "you have to spend your money on something". Tattoo does look really good though, I will give her that. Now spends that amount twice a year for the same artist. Again, really good work.

The problem with body art is that, unlike-- for example-- other forms of art such as paintings or sculpture, is that it's not transferable. Body art is actually consumed. You can't sell it, trade it, or transfer it to somebody else. If you die, it's cremated or buried with you and your kids can't sell it to cover funeral expenses. If you get sick, you can't liquidate it to pay your medical bills or to cover your family's living expenses until you get better.

Technically, it could be removed and sold as art once the bearer dies. 

Hey, a good side hustle for Ramsay Bolton on Game of Thrones...

whiskeyjack

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Re: Overheard at Work
« Reply #13484 on: May 30, 2016, 01:54:35 AM »
Gal I work with got a 5k tatoo from one of those tv personalities because "you have to spend your money on something". Tattoo does look really good though, I will give her that. Now spends that amount twice a year for the same artist. Again, really good work.

The problem with body art is that, unlike-- for example-- other forms of art such as paintings or sculpture, is that it's not transferable. Body art is actually consumed. You can't sell it, trade it, or transfer it to somebody else. If you die, it's cremated or buried with you and your kids can't sell it to cover funeral expenses. If you get sick, you can't liquidate it to pay your medical bills or to cover your family's living expenses until you get better.

Technically, it could be removed and sold as art once the bearer dies. 

Hey, a good side hustle for Ramsay Bolton on Game of Thrones...

Oh ick There are places that do this.  All I can imagine is digging through your parents possessions, decades later, and finding some dusty old frame with grandpa's skin in it. 

http://www.vice.com/read/a-new-service-wants-to-preserve-your-tattoos-after-you-die-915

stylesjl

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Re: Overheard at Work
« Reply #13485 on: May 30, 2016, 02:15:11 AM »
Not at work but on way to work I got a free bag of apples and bananas from some people advertising a thing called Food Bag where they cook these meals for you and deliver them to your door, I checked their prices, for a family of 4 (2 Adults, Two Children) they said the cost would be almost $150 a week!

Thats... $600 a month, $7200 a year. The mind boggles...

Kitsune

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Re: Overheard at Work
« Reply #13486 on: May 30, 2016, 07:00:34 AM »
Not at work but on way to work I got a free bag of apples and bananas from some people advertising a thing called Food Bag where they cook these meals for you and deliver them to your door, I checked their prices, for a family of 4 (2 Adults, Two Children) they said the cost would be almost $150 a week!

Thats... $600 a month, $7200 a year. The mind boggles...

Is that... every single meal? Like, for a family of 4, breakfast, lunch, and dinner every day? Plus snacks? Even then, that'd be 1/3 more than my usual grocery bill. Wow.

Shamantha

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Re: Overheard at Work
« Reply #13487 on: May 30, 2016, 08:44:15 AM »
My co-worker is adamant that junk food is cheaper than home cooked food. When I tell her that I can cook a full meal for x amount, she scorns it and says that that does not count, as it is vegetarian. And then continues to state that a poor mother on welfare with two children is forced to buy fries at the local snackbar, as she does not have money for proper food. These fries cost the same as my full meal for 4 persons. And the fries are also vegetarian...

canuck_24

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Re: Overheard at Work
« Reply #13488 on: May 31, 2016, 08:25:28 AM »
I only discovered the mustachian community last spring, and I'm pretty excited about it, so I often talk freely with co-workers about money, early retirement etc.  Last week I had a conversation with my very logical, very intelligent officemate who absolutely refuses to believe it is possible to retire without "at least 2 or 3 million dollars saved up"!  ARGH!  So, we started doing the math on the whiteboard, of course discussing the 4% rule and whatnot.  I didn't go into lifestyle choices and reducing annual spending (I am certainly not going to convince him he doesn't NEED his brand new quarter ton at this juncture), we just went with a generalized value for annual spending.  Once I showed him all the math, he rebutted with, "Well, it doesn't matter how much I am going to spend in retirement, I want to pay myself an annual salary of $60-70k per year when I'm retired"  WHAT?!  This "salary" is well above and beyond his set annual spending, and he acknowledged that, but insists that he wants/needs to pay himself a "comfortable" salary in retirement. 

It's days like these I wish I could find someone locally (other than my spouse) to discuss money with!  Vive la mining-towns! Ha ha!  Thank goodness for the mustachian community.

MgoSam

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Re: Overheard at Work
« Reply #13489 on: May 31, 2016, 08:37:43 AM »
Canuck,

That's when I just shake my head and file it away for when that person might mention how "lucky" we are to FIRE so early.

FuturePrimitive

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Re: Overheard at Work
« Reply #13490 on: May 31, 2016, 08:41:42 AM »
"Well, it doesn't matter how much I am going to spend in retirement, I want to pay myself an annual salary of $60-70k per year when I'm retired"  WHAT?!  This "salary" is well above and beyond his set annual spending, and he acknowledged that, but insists that he wants/needs to pay himself a "comfortable" salary in retirement. 
You're not gonna swing somebody over in a matter of minutes, they've had a lifetime of people telling them that they need to have millions of dollars or 25X their salary saved to retire. On the contrary, I'd say you've planted a seed in this persons head that is going to grow. I tell you this specifically because these concepts didn't take hold with me over night either. It took considerable reading and number crunching to come to the conclusion that it was not only possible, but probable that I could retire early (maybe not so early as some here but still early). And with much less saved than the experts told me I "needed".

mm1970

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Re: Overheard at Work
« Reply #13491 on: May 31, 2016, 09:07:07 AM »
On a recent trip to corporate, we were all at lunch (mixed aged crowd) and the younger employees got to talking about student loans hanging over their heads "FOREVER". 

Older coworker: "You should really buckle down and knock that out.  Life is so much better when you are debt-free."
Younger coworker:  "There is no way I will every be able to pay for it!  I can barely make it to next month!"
Older coworker:  "Aren't you going on a 10 day trip to the islands?  How many months of student loan payments is that costing you?"
Younger coworker:  "..."
This is gold right there.
It's a connection that some people don't make.
Like several years ago (7 now?) our car was totaled (T-boned).  We paid cash for our next (new, yes facepunch me) Civic.  About a month later, some coworkers were poking fun at me for bringing my lunch every day.  I told them that aside from the health aspect, I once calculated that by packing my lunch and my husband's lunch and my kid's lunch, I saved about $3500 a year vs. eating out.  That's a new Civic in 5 years.

(Most of my coworkers bring lunch often, just not every day.)

mm1970

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Re: Overheard at Work
« Reply #13492 on: May 31, 2016, 09:11:47 AM »
Not at work but on way to work I got a free bag of apples and bananas from some people advertising a thing called Food Bag where they cook these meals for you and deliver them to your door, I checked their prices, for a family of 4 (2 Adults, Two Children) they said the cost would be almost $150 a week!

Thats... $600 a month, $7200 a year. The mind boggles...

Is that... every single meal? Like, for a family of 4, breakfast, lunch, and dinner every day? Plus snacks? Even then, that'd be 1/3 more than my usual grocery bill. Wow.
I googled, just had to.  Looks like it's 5 dinners only.

onlykelsey

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Re: Overheard at Work
« Reply #13493 on: May 31, 2016, 09:34:23 AM »
On a recent trip to corporate, we were all at lunch (mixed aged crowd) and the younger employees got to talking about student loans hanging over their heads "FOREVER". 

Older coworker: "You should really buckle down and knock that out.  Life is so much better when you are debt-free."
Younger coworker:  "There is no way I will every be able to pay for it!  I can barely make it to next month!"
Older coworker:  "Aren't you going on a 10 day trip to the islands?  How many months of student loan payments is that costing you?"
Younger coworker:  "..."
This is gold right there.
It's a connection that some people don't make.
Like several years ago (7 now?) our car was totaled (T-boned).  We paid cash for our next (new, yes facepunch me) Civic.  About a month later, some coworkers were poking fun at me for bringing my lunch every day.  I told them that aside from the health aspect, I once calculated that by packing my lunch and my husband's lunch and my kid's lunch, I saved about $3500 a year vs. eating out.  That's a new Civic in 5 years.

(Most of my coworkers bring lunch often, just not every day.)

I love moments like that.  You can have anything, but you can't have everything.   Money spent on one thing takes away from another.  It's strange how few people realize that.  I slip in to it myself sometimes.

RWD

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Re: Overheard at Work
« Reply #13494 on: May 31, 2016, 09:35:47 AM »
Not at work but on way to work I got a free bag of apples and bananas from some people advertising a thing called Food Bag where they cook these meals for you and deliver them to your door, I checked their prices, for a family of 4 (2 Adults, Two Children) they said the cost would be almost $150 a week!

Thats... $600 a month, $7200 a year. The mind boggles...

Is that... every single meal? Like, for a family of 4, breakfast, lunch, and dinner every day? Plus snacks? Even then, that'd be 1/3 more than my usual grocery bill. Wow.
I googled, just had to.  Looks like it's 5 dinners only.
"From only $6.50 per plate" (for 2 adults and 3 younger children, presumably New Zealand dollars) Wow, what a deal... The website lists this option at $162.50 per week, which assuming New Zealand dollars, works out to $109.89 USD.

MishMash

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Re: Overheard at Work
« Reply #13495 on: May 31, 2016, 10:53:17 AM »
It's been slow in my office since everyone pretty much up and quit in the past months but I did get a gem today

Context: discussing what we did over the weekend coworker was at a party for his girlfriend and her friends, they are all in their 40's etc and professionals.

CW1: So what did you do this weekend?
Me: Oh DH and I went camping at the beach.
CW1:  Man that sounds fun, I got stuck going to a party for (GF), there were like 50 people there, I didn't know many of them and it was all this pretentious chit chat, it drove me NUTS.  Here they are talking about buying a house in (expensive area here) or buying a boat, or an estate etc.  Here I am, divorced, all my money goes to my mortgage, and yea, I know I can rent it out, but then I would have to move and find a new place and that's just a hassle so why do it.  I mean one guy was retired....he was 49...FOURTY-NINE and retired.  I mean who the hell can retire at 49?  Guys nice, but come on, I don't want that hanging around.  Way to make me feel like a failure.
Me: Um, yea I can see how that might upset you

Didn't have the heart to tell him DH and I are early/mid 30's and pretty much FI.  I also didn't have the heart to point out his stupid expensive BMW, his daily lunch out and after work beers, nor his penchant towards expensive concerts several times a month. 

*PS since I know someone will say the divorce wiped him out.  He's told me in the past he was only married 2 years, and that she didn't get anything because all he had at the time was the house, which she didn't want.

onlykelsey

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Re: Overheard at Work
« Reply #13496 on: May 31, 2016, 10:56:19 AM »
It's been slow in my office since everyone pretty much up and quit in the past months but I did get a gem today

Context: discussing what we did over the weekend coworker was at a party for his girlfriend and her friends, they are all in their 40's etc and professionals.

CW1: So what did you do this weekend?
Me: Oh DH and I went camping at the beach.
CW1:  Man that sounds fun, I got stuck going to a party for (GF), there were like 50 people there, I didn't know many of them and it was all this pretentious chit chat, it drove me NUTS.  Here they are talking about buying a house in (expensive area here) or buying a boat, or an estate etc.  Here I am, divorced, all my money goes to my mortgage, and yea, I know I can rent it out, but then I would have to move and find a new place and that's just a hassle so why do it.  I mean one guy was retired....he was 49...FOURTY-NINE and retired.  I mean who the hell can retire at 49?  Guys nice, but come on, I don't want that hanging around.  Way to make me feel like a failure.
Me: Um, yea I can see how that might upset you

Didn't have the heart to tell him DH and I are early/mid 30's and pretty much FI.  I also didn't have the heart to point out his stupid expensive BMW, his daily lunch out and after work beers, nor his penchant towards expensive concerts several times a month. 

*PS since I know someone will say the divorce wiped him out.  He's told me in the past he was only married 2 years, and that she didn't get anything because all he had at the time was the house, which she didn't want.

I think it was on Kitsune's thread recently where someone said that it's important to remember that other people are not doing their actions at you.  Like, I was a vegetarian for 15 years, and people acted like it was a personal affront.  I'm not being vegetarian AT YOU, or saving money AT YOU, or retiring AT YOU. 

jinga nation

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Re: Overheard at Work
« Reply #13497 on: May 31, 2016, 11:59:04 AM »
Over the last few months, I've realized that in my workplace, in addition to Sex(uality), Politics, and Religion, do not talk about FIRE. (But people still talk about the first three, contrary to employer policy). FIRE is impossible since it isn't advertised on TV or on the internet, so it isn't true.
You've married well if you have a spouse/partner who in on board with FIRE. Otherwise you're fucked, or will be soon.
Spendypants can't get rid of the idea that you don't need fancy cars, clothes, etc. when you quit the rat race. Paying yourself a salary? You retired, not an entrepreneur or business owner when you quit being a wage slave.

I am constantly told I'm lucky that I bought RE over the last few years and am constantly called a slumlord by co-workers. What they don't see is that I asked a friend (who is an investor and entrepreneur) what I should do with 100k just sitting in the bank. He told me about foreclosures. I researched the process, made bids, bought for cash, wife and I worked nights and weekends fixing up, screened applicants, rented out. Is that luck or effort? And I'm not a slumlord, I rent to urban working professionals and working students. They don't realize that while they buy new or gently used luxury import cars every 5 years, my wife and I drive 10 year old Hondas, which still run like new with just the required maintenance. They don't see that we live on one salary while the other one is saved as powder keg for RE purchases. They comment my clothes are nicely pressed and assume that I use a Laundromat or my wife does it. No, fuckers, I'm a man, and no one touches my dirty laundry. I don't want my wife to fuck up my clothes, or else I have to go to my second most hated place in the world: the mall/clothes store. (The first is theme parks.)

Unlike my co-workers who bitch about their weekends on Mondays and have dreadful work-related thoughts on Sunday, I look forward to Mondays. I get to sit, do productive work, solve problems, get paid for it. Why have anxiety for this? Wife ain't around to bother me, kids are in daycare/school, boss is paying me... life is good!
If I genuinely enjoy my profession and workplace, is there a reason to FIRE? Keep Calm and Carry On Milking.

GuitarStv

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Re: Overheard at Work
« Reply #13498 on: May 31, 2016, 12:19:50 PM »
No, fuckers, I'm a man, and no one touches my dirty laundry. I don't want my wife to fuck up my clothes, or else I have to go to my second most hated place in the world: the mall/clothes store.

Preach on!  I learned how important it is to do your own laundry many years ago.  My stuff gets soaked for a couple hours before being run on gentle and then hung dry.  Much of my business wardrobe is in the seven to ten year range at the moment.  I too hate purchasing clothing at the mall.

dragoncar

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Re: Overheard at Work
« Reply #13499 on: May 31, 2016, 12:33:01 PM »
Over the last few months, I've realized that in my workplace, in addition to Sex(uality), Politics, and Religion, do not talk about FIRE. (But people still talk about the first three, contrary to employer policy). FIRE is impossible since it isn't advertised on TV or on the internet, so it isn't true.
You've married well if you have a spouse/partner who in on board with FIRE. Otherwise you're fucked, or will be soon.
Spendypants can't get rid of the idea that you don't need fancy cars, clothes, etc. when you quit the rat race. Paying yourself a salary? You retired, not an entrepreneur or business owner when you quit being a wage slave.

I am constantly told I'm lucky that I bought RE over the last few years and am constantly called a slumlord by co-workers. What they don't see is that I asked a friend (who is an investor and entrepreneur) what I should do with 100k just sitting in the bank. He told me about foreclosures. I researched the process, made bids, bought for cash, wife and I worked nights and weekends fixing up, screened applicants, rented out. Is that luck or effort? And I'm not a slumlord, I rent to urban working professionals and working students. They don't realize that while they buy new or gently used luxury import cars every 5 years, my wife and I drive 10 year old Hondas, which still run like new with just the required maintenance. They don't see that we live on one salary while the other one is saved as powder keg for RE purchases. They comment my clothes are nicely pressed and assume that I use a Laundromat or my wife does it. No, fuckers, I'm a man, and no one touches my dirty laundry. I don't want my wife to fuck up my clothes, or else I have to go to my second most hated place in the world: the mall/clothes store. (The first is theme parks.)

Unlike my co-workers who bitch about their weekends on Mondays and have dreadful work-related thoughts on Sunday, I look forward to Mondays. I get to sit, do productive work, solve problems, get paid for it. Why have anxiety for this? Wife ain't around to bother me, kids are in daycare/school, boss is paying me... life is good!

Good for you, but Hondas are imports too