Author Topic: Overheard at Work  (Read 8088765 times)

Proud Foot

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Re: Overheard at Work
« Reply #14850 on: September 08, 2016, 09:19:15 AM »
Put 10k per month into 401k. Do that for 5 years and you are through.
I like the idea, but he'd hit the federal limit on pre-tax 401k contributions for the year in month two...

He obviously wouldn't put 120k per year into 401k then. Nice catch.

Unless he's self employed. 53k under 50 years old, 59k over 50 yo as long as thats not more than 20% of the business' earnings.

I thought the catch-up provision only applied to the standard contribution limit and the total contribution max was the same no matter what age.

antarestar

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Re: Overheard at Work
« Reply #14851 on: September 08, 2016, 02:22:59 PM »
Best potluck dish ever! I get asked for the recipe and requests to bring it. It tastes so much better than just 3 ingredients.

Cranberry Salad - aka super easy and special cranberry sauce.
2 cans whole berry cranberry
1 can mandarin oranges
1/2 cup toasted walnuts

A day or two before the potluck pour the cranberry in a large bowl and break it up. Stir in walnuts and then gently fold in mandarin oranges. Cover and put in fridge until mealtime.
Actually used this on Saturday. I just ate some of the leftovers. Love it!

Awesome!

Zx

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Re: Overheard at Work
« Reply #14852 on: September 08, 2016, 04:57:36 PM »
Put 10k per month into 401k. Do that for 5 years and you are through.
I like the idea, but he'd hit the federal limit on pre-tax 401k contributions for the year in month two...

He obviously wouldn't put 120k per year into 401k then. Nice catch.

Unless he's self employed. 53k under 50 years old, 59k over 50 yo as long as thats not more than 20% of the business' earnings.

I thought the catch-up provision only applied to the standard contribution limit and the total contribution max was the same no matter what age.

The over 50 crowd can put 24k yearly into 401k. He's making about 200k annually with the OT so I don't know what other tax shelter he could use. Is there anything else?

sirdoug007

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Re: Overheard at Work
« Reply #14853 on: September 08, 2016, 07:12:13 PM »
I'm sure he thinks he is getting a great tax break on the interest on that $5000/mo mortgage payment!


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kayvent

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Re: Overheard at Work
« Reply #14854 on: September 08, 2016, 07:37:04 PM »
I'm sure he thinks he is getting a great tax break on the interest on that $5000/mo mortgage payment!


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Only if he itemizes. Most people don't.

dragoncar

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Re: Overheard at Work
« Reply #14855 on: September 08, 2016, 10:23:53 PM »
I'm sure he thinks he is getting a great tax break on the interest on that $5000/mo mortgage payment!


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Only if he itemizes. Most people don't.

Everyone with a $5k mortgage does though. 

mtn

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Re: Overheard at Work
« Reply #14856 on: September 09, 2016, 05:47:25 AM »
related to the foam: In college, I used to go and ask the pizza places (in person) for a pizza for delivery, and also asked to be delivered home with the pizza. Cheaper than the cab, and I got food.

I used to deliver pizzas, and if you asked any of our drivers to take you home with your pizza, I'm pretty sure you'd just get funny looks.*
That is, if the manager didn't overhear it, because it was against company policy to drive ANYONE around with you when delivering. Liability and whatnot.


*Unless you were a hot female, in which case it might work, if you did it behind the manager's back.

If you know the pizza place though, you're pretty good. And if you hand the driver a nice $10 bill and a slice of pizza.

MustachianAccountant

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Re: Overheard at Work
« Reply #14857 on: September 09, 2016, 07:49:27 AM »
related to the foam: In college, I used to go and ask the pizza places (in person) for a pizza for delivery, and also asked to be delivered home with the pizza. Cheaper than the cab, and I got food.

I used to deliver pizzas, and if you asked any of our drivers to take you home with your pizza, I'm pretty sure you'd just get funny looks.*
That is, if the manager didn't overhear it, because it was against company policy to drive ANYONE around with you when delivering. Liability and whatnot.


*Unless you were a hot female, in which case it might work, if you did it behind the manager's back.

If you know the pizza place though, you're pretty good. And if you hand the driver a nice $10 bill and a slice of pizza.

$10 would most likely get you in someone's car. I wouldn't care about the slice of pizza. Most people who work at pizza places get more than enough of that. Still would have to do it behind the manager's back. (Talking about a national chain. I suppose a local chain might be different)
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Proud Foot

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Re: Overheard at Work
« Reply #14858 on: September 09, 2016, 08:00:04 AM »
Put 10k per month into 401k. Do that for 5 years and you are through.
I like the idea, but he'd hit the federal limit on pre-tax 401k contributions for the year in month two...

He obviously wouldn't put 120k per year into 401k then. Nice catch.

Unless he's self employed. 53k under 50 years old, 59k over 50 yo as long as thats not more than 20% of the business' earnings.

I thought the catch-up provision only applied to the standard contribution limit and the total contribution max was the same no matter what age.

The over 50 crowd can put 24k yearly into 401k. He's making about 200k annually with the OT so I don't know what other tax shelter he could use. Is there anything else?

MrRealEstate, you are correct.  I looked it up to answer dagiffy1's question.

Dagiffy1, from the IRS website on retirement topics there are two limits, the limit on elective deferrals and the total contributions.

Quote
Total annual contributions (annual additions) to all of your accounts in plans maintained by one employer (and any related employer) are limited. The limit applies to the total of:
elective deferrals
employer matching contributions
employer nonelective contributions
allocations of forfeitures

The annual additions paid to a participant’s account cannot exceed the lesser of:
100% of the participant's compensation, or

$53,000 ($59,000 including catch-up contributions) for 2015 and 2016.

I personally have never been part of a plan that allowed the nonelective deferrals, but there are several members who have said their plan does allow them.

Moonwaves

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Re: Overheard at Work
« Reply #14859 on: September 09, 2016, 12:33:57 PM »
Good: I heard a coworker talking about how he will save up long term for a certain financial goal.
Not so good: The current financial goal is a $2,000 puppy. I really wanted to ask more questions about why a $2k dog and not a pound puppy, but it wasn't a good setting to do so.
My boss was asking me the other day if I like dogs as she and her boyfriend are thinking of getting one she might occasionally need to bring it into the office (if boyfriend were away, otherwise he'd be able to be home regularly to take care of it and make sure it wasn't on its own too much) and she wanted to make sure I wouldn't mind. The question of buying purebred vs. getting a puppy from an animal shelter came up and she said that for a cat she would definitely get a rescue but for a dog, she'd be too nervous about potential behavioural problems either from uncertain breeding or whatever potentially traumatic situation the dog may have been rescued for. I'm not sure I agree with her on those points but that was her reasoning anyway. 

Kitsune

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Re: Overheard at Work
« Reply #14860 on: September 09, 2016, 01:23:43 PM »
Good: I heard a coworker talking about how he will save up long term for a certain financial goal.
Not so good: The current financial goal is a $2,000 puppy. I really wanted to ask more questions about why a $2k dog and not a pound puppy, but it wasn't a good setting to do so.
My boss was asking me the other day if I like dogs as she and her boyfriend are thinking of getting one she might occasionally need to bring it into the office (if boyfriend were away, otherwise he'd be able to be home regularly to take care of it and make sure it wasn't on its own too much) and she wanted to make sure I wouldn't mind. The question of buying purebred vs. getting a puppy from an animal shelter came up and she said that for a cat she would definitely get a rescue but for a dog, she'd be too nervous about potential behavioural problems either from uncertain breeding or whatever potentially traumatic situation the dog may have been rescued for. I'm not sure I agree with her on those points but that was her reasoning anyway.

The shelters near me don't get puppies very often, and have an several year wait list for puppies.

I'd personally totally adopt an older dog from a shelter if it was just us, but we have a toddler and I'm pregnant, and I'd be nervous about a dog who hasn't been socialized around children loose around toddlers.

We may wind getting a gorgeous 8-month-old Pitt bull from a family with 5 kids - super well-socialized, great dog, but the youngest kid has started developing asthma and allergies to dogs are triggering asthma fits in him, so... If they need to re-home the dog, were in line there. Mostly because we know the socialization and background.

RyanAtTanagra

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Re: Overheard at Work
« Reply #14861 on: September 09, 2016, 02:35:12 PM »
for a dog, she'd be too nervous about potential behavioural problems either from uncertain breeding or whatever potentially traumatic situation the dog may have been rescued for. I'm not sure I agree with her on those points but that was her reasoning anyway.

Not so much the unknown breeding, but the behavioral concerns over rescue dogs can be valid, but usually the places will be able to tell you what issues the dog has, and you can pick one that is likely to fit your home.  I adopted a 14 year old abused and abandoned rescue dog, which had the risk of having a plethora of psychological issues.  You just have to recognize that you're going to have to meet them halfway, maybe more than halfway, and be patient.  I would 100% get another rescue dog when I'm ready to have another dog.

Catbert

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Re: Overheard at Work
« Reply #14862 on: September 09, 2016, 03:00:33 PM »
Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient?

If you have to much to drink at the bar and get a ride home, you have a car to go get your car!

Years ago I had a (rich) alcoholic relative who was a car guy.  Usually had 5-6 cars at any one time and that's not counting what other family members had.  So he'd get drunk in a bar and take a taxi home.  The next morning, of course, he didn't remember where he left the car.  This repeated until he ran out of cars.  Then his teenage daughter would drive him around to all his favorite bars and help collect them.   

druth

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Re: Overheard at Work
« Reply #14863 on: September 09, 2016, 03:48:02 PM »
Years ago I had a (rich) alcoholic relative who was a car guy.  Usually had 5-6 cars at any one time and that's not counting what other family members had.  So he'd get drunk in a bar and take a taxi home.  The next morning, of course, he didn't remember where he left the car.  This repeated until he ran out of cars.  Then his teenage daughter would drive him around to all his favorite bars and help collect them.

And when they inevitably had all been towed away...?

LeRainDrop

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Re: Overheard at Work
« Reply #14864 on: September 09, 2016, 03:52:08 PM »
Years ago I had a (rich) alcoholic relative who was a car guy.  Usually had 5-6 cars at any one time and that's not counting what other family members had.  So he'd get drunk in a bar and take a taxi home.  The next morning, of course, he didn't remember where he left the car.  This repeated until he ran out of cars.  Then his teenage daughter would drive him around to all his favorite bars and help collect them.

And when they inevitably had all been towed away...?

That situation is just crying out for an UberX -- both to and from the bar!  Too bad that wasn't around years ago.

dragoncar

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Re: Overheard at Work
« Reply #14865 on: September 09, 2016, 06:35:49 PM »
for a dog, she'd be too nervous about potential behavioural problems either from uncertain breeding or whatever potentially traumatic situation the dog may have been rescued for. I'm not sure I agree with her on those points but that was her reasoning anyway.

Not so much the unknown breeding, but the behavioral concerns over rescue dogs can be valid, but usually the places will be able to tell you what issues the dog has, and you can pick one that is likely to fit your home.  I adopted a 14 year old abused and abandoned rescue dog, which had the risk of having a plethora of psychological issues.  You just have to recognize that you're going to have to meet them halfway, maybe more than halfway, and be patient.  I would 100% get another rescue dog when I'm ready to have another dog.

awkward when my rescue dog doesn't like black people...

druth

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Re: Overheard at Work
« Reply #14866 on: September 09, 2016, 06:43:06 PM »
for a dog, she'd be too nervous about potential behavioural problems either from uncertain breeding or whatever potentially traumatic situation the dog may have been rescued for. I'm not sure I agree with her on those points but that was her reasoning anyway.

Not so much the unknown breeding, but the behavioral concerns over rescue dogs can be valid, but usually the places will be able to tell you what issues the dog has, and you can pick one that is likely to fit your home.  I adopted a 14 year old abused and abandoned rescue dog, which had the risk of having a plethora of psychological issues.  You just have to recognize that you're going to have to meet them halfway, maybe more than halfway, and be patient.  I would 100% get another rescue dog when I'm ready to have another dog.

awkward when my rescue dog doesn't like black people...

I've read that this is more about "you are different, I hate new things".  My dog also doesn't like black people....  or people who are disabled, or children, or people wearing a hat (though to be fair to the dog, how dare they)....  I don't think it's actually a reaction to a specific experience with a POC for most dogs, but general poor socialization.

Also if you want to adopt but have concerns about bahavior issues you should adopt from a foster group instead of a shelter.  The foster will be able to tell you a lot more about how the dog acts in a home than a shelter would, and there is usually a website with a long description of the dog available.  Our dog is from a shelter, and he's great, but if we did it again we would go with a foster dog.
« Last Edit: September 09, 2016, 06:47:07 PM by druth »

BlueHouse

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Re: Overheard at Work
« Reply #14867 on: September 10, 2016, 06:52:45 AM »
Coworker is online trying to buy FOUR new Apple iPhone 7s. His whole family needs to be upgraded at the same time. Having trouble with the website it must be overloaded. WTF.  He can afford it, but wow.

I like having apple products because they work together seamlessly, but I am so over the endless cycle of buying shit when there is nothing wrong with the current shit in our hands.
Sometimes nothing can be a real cool hand

TomTX

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Re: Overheard at Work
« Reply #14868 on: September 10, 2016, 08:34:35 AM »
for a dog, she'd be too nervous about potential behavioural problems either from uncertain breeding or whatever potentially traumatic situation the dog may have been rescued for. I'm not sure I agree with her on those points but that was her reasoning anyway.

Not so much the unknown breeding, but the behavioral concerns over rescue dogs can be valid, but usually the places will be able to tell you what issues the dog has, and you can pick one that is likely to fit your home.  I adopted a 14 year old abused and abandoned rescue dog, which had the risk of having a plethora of psychological issues.  You just have to recognize that you're going to have to meet them halfway, maybe more than halfway, and be patient.  I would 100% get another rescue dog when I'm ready to have another dog.

Most "rescue" places these days want you to fill out a 10 page application, sign away all rights to the animal (ie, they can come take it any time effectively at their whim) insist on a home visit audit, pay hundreds of dollars, provide vet records of all previous pets, et cetera, et cetera.

No wonder there are so many unclaimed rescues.
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Logic_Lady

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Re: Overheard at Work
« Reply #14869 on: September 10, 2016, 11:19:05 AM »
for a dog, she'd be too nervous about potential behavioural problems either from uncertain breeding or whatever potentially traumatic situation the dog may have been rescued for. I'm not sure I agree with her on those points but that was her reasoning anyway.

Not so much the unknown breeding, but the behavioral concerns over rescue dogs can be valid, but usually the places will be able to tell you what issues the dog has, and you can pick one that is likely to fit your home.  I adopted a 14 year old abused and abandoned rescue dog, which had the risk of having a plethora of psychological issues.  You just have to recognize that you're going to have to meet them halfway, maybe more than halfway, and be patient.  I would 100% get another rescue dog when I'm ready to have another dog.

Most "rescue" places these days want you to fill out a 10 page application, sign away all rights to the animal (ie, they can come take it any time effectively at their whim) insist on a home visit audit, pay hundreds of dollars, provide vet records of all previous pets, et cetera, et cetera.

No wonder there are so many unclaimed rescues.

Those are private rescue organizations. Generally your best bet is to adopt from the local pound or SPCA. They're much more reasonable.

MrsDinero

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Re: Overheard at Work
« Reply #14870 on: September 10, 2016, 11:56:00 AM »
All my animals except 1 has been rescued and I've never had to fill out more than a 2 page application.  The fees requested were usually just to cover vaccines and spay/neuter and usually amounted to less than $100.
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nobodyspecial

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Re: Overheard at Work
« Reply #14871 on: September 10, 2016, 12:04:42 PM »
Most "rescue" places these days want you to fill out a 10 page application, sign away all rights to the animal (ie, they can come take it any time effectively at their whim) insist on a home visit audit, pay hundreds of dollars, provide vet records of all previous pets, et cetera, et cetera.

No wonder there are so many unclaimed rescues.
The trick is not to pick each dog up and ask if they have another with more meat on it. Or ask how much per pound.

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Re: Overheard at Work
« Reply #14872 on: September 10, 2016, 03:24:24 PM »
Most "rescue" places these days want you to fill out a 10 page application, sign away all rights to the animal (ie, they can come take it any time effectively at their whim) insist on a home visit audit, pay hundreds of dollars, provide vet records of all previous pets, et cetera, et cetera.

No wonder there are so many unclaimed rescues.
The trick is not to pick each dog up and ask if they have another with more meat on it. Or ask how much per pound.

and don't bring up your Python's indigestion problems.
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Re: Overheard at Work
« Reply #14873 on: September 10, 2016, 09:04:48 PM »
[quote author=dagiffy1
The over 50 crowd can put 24k yearly into 401k. He's making about 200k annually with the OT so I don't know what other tax shelter he could use. Is there anything else?
[/quote]
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BeautifulDay

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Re: Overheard at Work
« Reply #14874 on: September 10, 2016, 09:59:23 PM »
for a dog, she'd be too nervous about potential behavioural problems either from uncertain breeding or whatever potentially traumatic situation the dog may have been rescued for. I'm not sure I agree with her on those points but that was her reasoning anyway.

Not so much the unknown breeding, but the behavioral concerns over rescue dogs can be valid, but usually the places will be able to tell you what issues the dog has, and you can pick one that is likely to fit your home.  I adopted a 14 year old abused and abandoned rescue dog, which had the risk of having a plethora of psychological issues.  You just have to recognize that you're going to have to meet them halfway, maybe more than halfway, and be patient.  I would 100% get another rescue dog when I'm ready to have another dog.

awkward when my rescue dog doesn't like black people...

I've read that this is more about "you are different, I hate new things".  My dog also doesn't like black people....  or people who are disabled, or children, or people wearing a hat (though to be fair to the dog, how dare they)....  I don't think it's actually a reaction to a specific experience with a POC for most dogs, but general poor socialization.

Also if you want to adopt but have concerns about bahavior issues you should adopt from a foster group instead of a shelter.  The foster will be able to tell you a lot more about how the dog acts in a home than a shelter would, and there is usually a website with a long description of the dog available.  Our dog is from a shelter, and he's great, but if we did it again we would go with a foster dog.
My dog went psycho on the chick-fil-a cow this weekend when it tried to pet her.  I thought it was a perfectly sane response.  I agree with her, that cow is not natural.

RyanAtTanagra

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Re: Overheard at Work
« Reply #14875 on: September 11, 2016, 12:38:45 AM »
Most "rescue" places these days want you to fill out a 10 page application, sign away all rights to the animal (ie, they can come take it any time effectively at their whim) insist on a home visit audit, pay hundreds of dollars, provide vet records of all previous pets, et cetera, et cetera.

No wonder there are so many unclaimed rescues.

We didn't have any of those issues.  They did do a 'home inspection' in that the foster owner brought the dog over to drop her off, and I imagine would have turned around if the home seemed unfit.  But not of that other crap at all.

arebelspy

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Re: Overheard at Work
« Reply #14876 on: September 11, 2016, 01:33:38 PM »
This whole foamy suggestion has got to be the lamest insurance fraud scam ever.

related to the foam: In college, I used to go and ask the pizza places (in person) for a pizza for delivery, and also asked to be delivered home with the pizza. Cheaper than the cab, and I got food.

That's... brilliant.

Most places probably wouldn't, for insurance/liability purposes MustachianAccountant mentions, but that's awesome, I love it!
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Making Cookies

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Re: Overheard at Work
« Reply #14877 on: September 11, 2016, 02:38:03 PM »
Most "rescue" places these days want you to fill out a 10 page application, sign away all rights to the animal (ie, they can come take it any time effectively at their whim) insist on a home visit audit, pay hundreds of dollars, provide vet records of all previous pets, et cetera, et cetera.

No wonder there are so many unclaimed rescues.

We didn't have any of those issues.  They did do a 'home inspection' in that the foster owner brought the dog over to drop her off, and I imagine would have turned around if the home seemed unfit.  But not of that other crap at all.

We've done two private group rescues. One just turned the dog over to us for a $100 fee. The other interviewed us (10 mins) and we met them and the dog. When everyone got along well, we were good to go for $200.

The dog had all it's medical checks and spaying done by the rescue group at a huge cost b/c they used A+ veterinarians. Dog had no problems. Dog came with a report that showed her check up and immunizations. I was hugely impressed. Came with dog supplies that exceeded the adoption fee too.

shelivesthedream

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Re: Overheard at Work
« Reply #14878 on: September 12, 2016, 02:30:45 AM »
When my parents adopted cats it was £25 per cat (they got two sisters) and a fifteen minute home visit which was basically "Have you had cats before? Do you have any other pets? Where are they going to eat and sleep? Your garden looks nice!" My parents actually donated £100/cat because they were so impressed with the process and fostering system.

FrugalUndercover

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Re: Overheard at Work
« Reply #14879 on: September 12, 2016, 03:30:20 AM »
It took me a couple of months of casual reading to get through 304 pages...

Several examples from my work:

-CW1 is normally quite frugal (cuts own hair, function over fashion clothes etc).  Based on seniority earns >$150k.  Sensing a kindred spirit, spoke to them about saving/investing and learned that they were focussed only on paying off the house, which they had recently achieved but would now think about investing.  6 months later announced upgrade of home - twice as big with cellar and pool (and debt)....

-CW2 announced that he needed to get a car for the nanny.  Flagged a particular model (relatively budget).  Other colleagues proceeded to berate CW2 for being cheap and he agreed to get a more expensive brand (confirmed purchase in later convo)...

-The boss, complaining on cost of living lamented the impact of tax on the bonus, and servicing costs for his elevator (lives in 3 storey house plus basement)...

-in positive news, a fellow mustachian colleague announced his retirement earlier in the year, pre-40.  No one knew how he did it...

Adge

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Re: Overheard at Work
« Reply #14880 on: September 12, 2016, 09:20:26 AM »
Add me to the list of people who've read every page of this thread while bored at work over the course of the last 6-ish months :)

We had a mandatory 401k meeting at work this morning. They are increasing the employer match from $0.25 for each $1 up to 4% to $0.25 of each $1 up to 8%. It's still kinda crap, but at least it's 2% now instead of 1%. Except apparently no one can figure out what those numbers mean, and no one knew what our match was before, and it's impossible to save 8%? I don't know, I haven't taken a math class since remedial college algebra in 2005 so I'm pretty sure it doesn't take some crazy math genius to be able to figure that out.

Oh well, it's still more money for me, even if no one else can save that much! ;)


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Re: Overheard at Work
« Reply #14881 on: September 12, 2016, 09:58:11 AM »
I work in a union shop. What everyone makes is open knowledge because of the contract.

We have 5 people in my department.

The guy I'm thinking of is desperate to work 12 to 14 hours per day, 6 days per week and sometimes 7. He's making 50 bucks an hour on straight time. He showed me his take home for two weeks on one check, it was $5000.34. That check went to a huge house on the hill that he lives in by himself. The mortgage is nearly 5k per month.

He says that the OT is killing him, he doesn't know how much longer he can do it, etc etc. He's shopping for a new SUV, preferably a Lexus or BMW or Audi.

He puts 8k into 401k each year to get the matching 6k. He needs a new roof, new paint on the house, some outside work, his hot water tank just rusted out. It just keeps coming. His daughter declared she won't take the car he drives now for her first car when he buys his new one.

She must have a new car. She's 16 and has an image to protect.

I told him to sell that house, buy a camper and live at work. Shower in the locker room. Put 10k per month into 401k. Do that for 5 years and you are through.

He said no way he's selling that house. And he's got to keep working to pay for that roof, outside paint job, and the new vehicle he's soon to buy.

It hurts to watch!

I think it's a Bill Joel song - "If you can drive with a broken back at least you can polish the fenders"

Holy crap

kayvent

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Re: Overheard at Work
« Reply #14882 on: September 12, 2016, 11:23:37 AM »
Add me to the list of people who've read every page of this thread while bored at work over the course of the last 6-ish months :)

We had a mandatory 401k meeting at work this morning. They are increasing the employer match from $0.25 for each $1 up to 4% to $0.25 of each $1 up to 8%. It's still kinda crap, but at least it's 2% now instead of 1%. Except apparently no one can figure out what those numbers mean, and no one knew what our match was before, and it's impossible to save 8%? I don't know, I haven't taken a math class since remedial college algebra in 2005 so I'm pretty sure it doesn't take some crazy math genius to be able to figure that out.

Oh well, it's still more money for me, even if no one else can save that much! ;)

Perhaps your options are better than mine..... I have a dollar-for-dollar match up to six percent so the fact that we only have high-fee mutual fund choices doesn't bother me. At a dollar-for-four up to eight percent, I hope you have some good choices.

"no one knew what our match was before, and it's impossible to save 8%?"

Do you colleges not know that they get an income tax deduction putting money into their 401K? In Canada our analogue is the RRSP and giving 8% of pre-tax dollars only affects take-home pay by 5.2%. Less if you have children (ex. if you make 80K and have one child, I think the number would be around 3.2%).

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Re: Overheard at Work
« Reply #14883 on: September 12, 2016, 11:26:26 AM »
 Another guy at my job was complaining on payday last week. He is 30 years old. He is paying for two brand-new cars, paying for a house, has a live-in girlfriend that contributes 500 bucks a month and has $10,000 in credit card debt. He makes over $100,000 a year and he is complaining that he's always broke because he's trying to pay off credit cards. That's the only reason he's broke, you see. He has that credit card debt. No other reason.

randymarsh

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Re: Overheard at Work
« Reply #14884 on: September 12, 2016, 11:31:47 AM »
Do you colleagues not know that they get an income tax deduction putting money into their 401K?

But how would I be able to spend it if I put it in a 401k??? I would guess at least half of working adults don't fully understand how income tax works and the real benefit of saving ~30 cents in tax for every dollar deferred.
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Re: Overheard at Work
« Reply #14885 on: September 12, 2016, 01:16:07 PM »
Another guy at my job was complaining on payday last week. He is 30 years old. He is paying for two brand-new cars, paying for a house, has a live-in girlfriend that contributes 500 bucks a month and has $10,000 in credit card debt. He makes over $100,000 a year and he is complaining that he's always broke because he's trying to pay off credit cards. That's the only reason he's broke, you see. He has that credit card debt. No other reason.

For CW's sake, I hope girlfriend doesn't disappear about the same time the balance on the CC goes to zero.

kayvent

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Re: Overheard at Work
« Reply #14886 on: September 12, 2016, 03:27:29 PM »
Another guy at my job was complaining on payday last week. He is 30 years old. He is paying for two brand-new cars, paying for a house, has a live-in girlfriend that contributes 500 bucks a month and has $10,000 in credit card debt. He makes over $100,000 a year and he is complaining that he's always broke because he's trying to pay off credit cards. That's the only reason he's broke, you see. He has that credit card debt. No other reason.

I can kinda sort-of understand why he is fooled into thinking that the CC is the only reason he is in debt. The other things you list he believes are necessary. He can also derive daily utility from them: they look nice and he puts his body in them. Whereas the CC debt is probably from things that no longer provide utility like past meals at restaurants, gas, gifts for other people, etc....

(If you noticed the sexual innuendo, thanks. If you didn't, please try to find it. I put lots of effort into it.)

merula

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Re: Overheard at Work
« Reply #14887 on: September 12, 2016, 03:29:55 PM »
(If you noticed the sexual innuendo, thanks. If you didn't, please try to find it. I put lots of effort into it.)

I applaud this.

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Re: Overheard at Work
« Reply #14888 on: September 12, 2016, 04:33:18 PM »
Another guy at my job was complaining on payday last week. He is 30 years old. He is paying for two brand-new cars, paying for a house, has a live-in girlfriend that contributes 500 bucks a month and has $10,000 in credit card debt. He makes over $100,000 a year and he is complaining that he's always broke because he's trying to pay off credit cards. That's the only reason he's broke, you see. He has that credit card debt. No other reason.

I can kinda sort-of understand why he is fooled into thinking that the CC is the only reason he is in debt. The other things you list he believes are necessary. He can also derive daily utility from them: they look nice and he puts his body in them. Whereas the CC debt is probably from things that no longer provide utility like past meals at restaurants, gas, gifts for other people, etc....

(If you noticed the sexual innuendo, thanks. If you didn't, please try to find it. I put lots of effort into it.)

I didn't notice it until you shamelessly plugged yourself...then I had to read it twice.

It's worse than I stated, though. She got an, ahem, 'augmentation' done which in his mind improves her appearance even more. He paid for half, so now he gets to say that she can't leave him, half of those belong to him.

She gets to go out with her friends often because he's working all the time. On the off chance he has a night off, he gets into serious trouble should he choose to go out with his buds to do what guys do on a night out.

Her twin sister has received a huge block of ice as an engagement ring. He is now expected to beat that and just can't believe how it just keeps coming. When will he EVER be free of this indebted life?

In his mind, he will be free when he gets a raise. Well, he already GOT a raise...by far...when he got this job. He immediately bought two vehicles and a house, plus a few other lower ticket toys. Why he thinks he will be free with another raise is beyond me. In this frame of non-mustachian mind, a raise just gives you the breathing room you need to afford the jet ski and the trailer. And you could probably swing the 80" 4k flatscreen, too, then.

But I can only mock so much. That was ME for too long.
« Last Edit: September 12, 2016, 04:35:13 PM by dagiffy1 »

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Re: Overheard at Work
« Reply #14889 on: September 12, 2016, 04:38:25 PM »
Another guy at my job was complaining on payday last week. He is 30 years old. He is paying for two brand-new cars, paying for a house, has a live-in girlfriend that contributes 500 bucks a month and has $10,000 in credit card debt. He makes over $100,000 a year and he is complaining that he's always broke because he's trying to pay off credit cards. That's the only reason he's broke, you see. He has that credit card debt. No other reason.

For CW's sake, I hope girlfriend doesn't disappear about the same time the balance on the CC goes to zero.

Exactly. From what I've heard, they've been together 3 years and she is very high maintenance. I don't know what she'd do if he closed the sugar daddy valve in a desperate bid to get solvent. He's not even investing into 401k. Not a cent. Oh it kills me that he could stop this, get serious, and be FIRE if he wanted to be in ten years. Easy. Within 3 to 4 years he will be making in the low 50's per hour and all the OT he could ever want.

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Re: Overheard at Work
« Reply #14890 on: September 12, 2016, 08:04:36 PM »
Add me to the list of people who've read every page of this thread while bored at work over the course of the last 6-ish months :)

We had a mandatory 401k meeting at work this morning. They are increasing the employer match from $0.25 for each $1 up to 4% to $0.25 of each $1 up to 8%. It's still kinda crap, but at least it's 2% now instead of 1%. Except apparently no one can figure out what those numbers mean, and no one knew what our match was before, and it's impossible to save 8%? I don't know, I haven't taken a math class since remedial college algebra in 2005 so I'm pretty sure it doesn't take some crazy math genius to be able to figure that out.

Oh well, it's still more money for me, even if no one else can save that much! ;)

Way to lean into it. Too bad you can't offer to take their match, too, if they aren't using it.

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Re: Overheard at Work
« Reply #14891 on: September 12, 2016, 09:25:32 PM »
My coworker bought the brand new BMW to replace her recalled bug. I went and sat in ittoday, and it didn't seem that great.  Hope she can still retire in 2 years.

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Re: Overheard at Work
« Reply #14892 on: September 12, 2016, 09:34:08 PM »
Coworker is online trying to buy FOUR new Apple iPhone 7s. His whole family needs to be upgraded at the same time. Having trouble with the website it must be overloaded. WTF.  He can afford it, but wow.

I like having apple products because they work together seamlessly, but I am so over the endless cycle of buying shit when there is nothing wrong with the current shit in our hands.

Tell your coworker I said thanks!

Also tell him that the 7+ in Jet Black with 128 or 256 gigs of memory is the best choice.

zolotiyeruki

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Re: Overheard at Work
« Reply #14893 on: September 13, 2016, 07:55:00 AM »
Coworker is online trying to buy FOUR new Apple iPhone 7s. His whole family needs to be upgraded at the same time. Having trouble with the website it must be overloaded. WTF.  He can afford it, but wow.

I like having apple products because they work together seamlessly, but I am so over the endless cycle of buying shit when there is nothing wrong with the current shit in our hands.

Tell your coworker I said thanks!

Also tell him that the 7+ in Jet Black with 128 or 256 gigs of memory is the best choice.
It is simply astonishing to me that Apple's flagship phone cost just a shade less than a cool grand.  And that's before you buy Apple's $160 ear buds or $30 case.  $1000.  For a phone. The mind boggles.

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Re: Overheard at Work
« Reply #14894 on: September 13, 2016, 08:01:25 AM »
Coworker is online trying to buy FOUR new Apple iPhone 7s. His whole family needs to be upgraded at the same time. Having trouble with the website it must be overloaded. WTF.  He can afford it, but wow.

I like having apple products because they work together seamlessly, but I am so over the endless cycle of buying shit when there is nothing wrong with the current shit in our hands.

Tell your coworker I said thanks!

Also tell him that the 7+ in Jet Black with 128 or 256 gigs of memory is the best choice.
It is simply astonishing to me that Apple's flagship phone cost just a shade less than a cool grand.  And that's before you buy Apple's $160 ear buds or $30 case.  $1000.  For a phone. The mind boggles.

... And here I was feeling so luxurious with my Samsung S4+data plan.

You guys. It's an amazing camera (I've printed good-quality poster-sized images from photos taken on this phone), all my notes and lists, communication with everyone I care about in 3 different ways, my agenda, my books, the papers I read, apps for the communities I enjoy, music and videos to watch, maps and GPS, banking, tools for 2 side-gigs I run, access to almost all the information in the world, and it fits IN MY POCKET.

I STILL look at my phone and feel smugly pleased at everything I can do with it.

And was 1/3 of the price of the Apple phone, which, as far as I can tell, would perform the same function.


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Re: Overheard at Work
« Reply #14895 on: September 13, 2016, 09:02:07 AM »
Coworker is online trying to buy FOUR new Apple iPhone 7s. His whole family needs to be upgraded at the same time. Having trouble with the website it must be overloaded. WTF.  He can afford it, but wow.

I like having apple products because they work together seamlessly, but I am so over the endless cycle of buying shit when there is nothing wrong with the current shit in our hands.

Tell your coworker I said thanks!

Also tell him that the 7+ in Jet Black with 128 or 256 gigs of memory is the best choice.
It is simply astonishing to me that Apple's flagship phone cost just a shade less than a cool grand.  And that's before you buy Apple's $160 ear buds or $30 case.  $1000.  For a phone. The mind boggles.
I sometimes think that.  Then I realize, that really - it's a computer.  When you put it in that context, it's not so crazy (I don't even remember what my first computer cost in 1995, a 486 or a Pentium).  Of course, you have to treat it like that (i.e., don't lose it or accidentally go swimming with it).

(For the record, when my most recent phone died - my first smart phone, my husband asked me if I wanted a new one.  The old one would *only* charge on the charger at home, and the charge would only last about as long as my work day.  I declined due to the cost of a new phone.  But then they went on sale a month or so later.  I have a Nexus, $250).

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Re: Overheard at Work
« Reply #14896 on: September 13, 2016, 09:22:29 AM »
Then again, my Republic Wireless phone was $99 and gives me nearly the same functionality.

Not all the bells/whistles and a worse camera, but for $900 I'll take it.

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Re: Overheard at Work
« Reply #14897 on: September 13, 2016, 09:25:55 AM »
Coworker is online trying to buy FOUR new Apple iPhone 7s. His whole family needs to be upgraded at the same time. Having trouble with the website it must be overloaded. WTF.  He can afford it, but wow.

I like having apple products because they work together seamlessly, but I am so over the endless cycle of buying shit when there is nothing wrong with the current shit in our hands.

Tell your coworker I said thanks!

Also tell him that the 7+ in Jet Black with 128 or 256 gigs of memory is the best choice.
It is simply astonishing to me that Apple's flagship phone cost just a shade less than a cool grand.  And that's before you buy Apple's $160 ear buds or $30 case.  $1000.  For a phone. The mind boggles.

Uh huh! I feel decadent with my Samsung S7 that work bought me. My justification is that I do most of my work on my phone, and Skype with manufacturers so a premium phone is helpful.

zolotiyeruki

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Re: Overheard at Work
« Reply #14898 on: September 13, 2016, 09:30:53 AM »
Uh huh! I feel decadent with my Samsung S7 that work bought me. My justification is that I do most of my work on my phone, and Skype with manufacturers so a premium phone is helpful.
I understand the desire for a capable phone.  But $1k is simply astonishing to me.

MgoSam

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Re: Overheard at Work
« Reply #14899 on: September 13, 2016, 09:33:27 AM »
Uh huh! I feel decadent with my Samsung S7 that work bought me. My justification is that I do most of my work on my phone, and Skype with manufacturers so a premium phone is helpful.
I understand the desire for a capable phone.  But $1k is simply astonishing to me.

My phone wasn't $1k.