Author Topic: Overheard at Work  (Read 4957586 times)

Making Cookies

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Re: Overheard at Work
« Reply #14900 on: September 06, 2016, 04:09:20 PM »
Well then she surely needs a luxury car to impress with... -eye roller-

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Re: Overheard at Work
« Reply #14901 on: September 06, 2016, 06:22:22 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!
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bigalsmith101

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Re: Overheard at Work
« Reply #14902 on: September 06, 2016, 09:16:18 PM »
I had posted earlier in the "Anti Anti-Mustachian" forum earlier about this situation, but the situation has since progressed to be better suited here.

My mid 50's coworker, with little to no retirement planned or saved, has just refinanced her townhouse. This, in itself, is awesome. She's dropped her interest rate from where it was at 5.5% down to 3.8%. Success!

This is where the success ends, and the poor decisions start. She's had a balance on a home equity line of credit to the tune of about $40k for quite a while now, along with a $5k credit card balance. Well, she used this refinance opportunity to consolidate her loans into one mortgage, dropping her total cumulative payments by $300/mo in the process. The poor decision? When she refinanced her mortgage that had 17yrs left on it to a 30yr mortgage, thus the ability to lower her monthly payments...

But it doesn't stop there. She also borrowed $10k to use towards buying a new car. You see, her perfectly capable 12yr old Hyundai Tiburon has been "nickel and diming" her for the past year or so. It's cost her $2k in the past year alone, and "dammit, she can't afford it". I tried to explain that if she decided to buy a new car, she would be easily paying $300/mo in car payments, plus an increase in insurance costs. A new car would cost her much more than her current car and she wouldn't have to take the hit of depreciation if she kept her current vehicle. I could tell she wasn't interested in keeping her old car, so I suggested that she look at a used car, or certified pre-owned as that would vastly decrease her costs. She agreed that that would be a good idea.

The next week, she's all excited about a certified pre-owned Hyundai Santa Fe 2.0T with all the bells and whistles. It's a lease return, with 36,000 miles, and it's priced at $25,000 before negotiating. It would come with the remainder of the 10yr, 100k mile warranty offered by Hyundai. It would cost her $270/mo after she paid $10k down, and it's pretty much exactly what she's looking for. She can't afford a new one, as they are nearly $40k, and she does NOT want to finance a car for the next 7-8 years to bring the payments low enough to afford.

A week goes by, and she tells me she's going back that weekend to check out the car again. She's got to choose between a white or a black one...

Monday rolls around, and there is a BRAND NEW Maroon Hyundai Santa Fe 2.0T (turbo), FULLY LOADED in the parking lot at work. I start thinking, "but there wasn't a maroon lease return at the dealer... She can't afford the financing terms on a new one... New ones cost $42k!... She'd have to pay almost $600/mo even if she gave them $10k upfront..."

And then I realized the brutal truth, "She must have leased it. Fuuuuuuuuuuck!"

I walk into the office and she immediately tells me that I HAVE to check out her new car. I don't pull any punches and I ask, "Did you lease it?" She says, "Yea, I really liked it, but they are really expensive. This thing is $42k with all the bells and whistles. I couldn't afford the nearly $600/mo payment to buy it new, so I thought I'd give the lease a try. If I don't like it, I can return it in three years. I had to give them the $10k up front, but my payment is only $270/mo which is totally affordable! I'm really excited, it's so nice! Plus, I have the option to buy it at the end of the lease, which would only be $22,800, which I can manage."

I ask her if she realizes that the $10k she paid up front is essentially to buy down the depreciation that the vehicle will incur in the next 3 years. That, when she's finished with her lease, she'll need to buy the car to make the lease worth it. Otherwise, she'll be paying almost $20k for a car for 3 years of use. She says, "Yea, I really like it. I'm pretty sure I'll definitely be buying it when the lease is up. I'm really happy with it."

I didn't mention that she's essentially financing $32k over 8yrs, AFTER paying down $10k. She's doing exactly what she didn't want to do in the first place, and has just signed on for $42k of debt that will be paid over the next 8 years. She's even decided to keep her older car, as she's never had the convenience of two cars before, and it doesn't cost her anything to keep it.

AAAAAAAGHAGAHAGAHAHGAGH!!!!
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gooki

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Re: Overheard at Work
« Reply #14903 on: September 07, 2016, 01:07:30 AM »
That was awesome. In a very sad way.
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kayvent

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Re: Overheard at Work
« Reply #14904 on: September 07, 2016, 02:54:25 AM »

But it doesn't stop there. She also borrowed $10k to use towards buying a new car.

....

"... I couldn't afford the nearly $600/mo payment to buy it new, so I thought I'd give the lease a try. If I don't like it, I can return it in three years. I had to give them the $10k up front, but my payment is only $270/mo which is totally affordable!"

Assuming the 10K loan is 0% and is a three-year loan, she does realize that she is effectively paying 600$/month or do you get the impression that she missed that transitive concept? Or put another way, does she understand that she has to pay back her loan and therefore the TCO of the car is more than just what the dealer says or thinks it is?
« Last Edit: September 07, 2016, 02:56:28 AM by kayvent »

bigalsmith101

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Re: Overheard at Work
« Reply #14905 on: September 07, 2016, 07:35:57 AM »

But it doesn't stop there. She also borrowed $10k to use towards buying a new car.

....

"... I couldn't afford the nearly $600/mo payment to buy it new, so I thought I'd give the lease a try. If I don't like it, I can return it in three years. I had to give them the $10k up front, but my payment is only $270/mo which is totally affordable!"

Assuming the 10K loan is 0% and is a three-year loan, she does realize that she is effectively paying 600$/month or do you get the impression that she missed that transitive concept? Or put another way, does she understand that she has to pay back her loan and therefore the TCO of the car is more than just what the dealer says or thinks it is?

The straight facts are that the $10k is coming from the cash out refinance on her home. Essentially, she's paying that $10k at 3.5% over the next 30 years. Both my coworker (a 50 year old male who's retired from one job, and holding out till 55 to be able to access his pension/401k fee free) tried to convince her not to use the refinance to access cash to buy a car, as she has excellent credit (800+) and qualified for 1.9% at the dealer. She didn't listen though. She does realize in the back of her mind, that she's paying off that 10k loan over the term of her mortgage, but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300. She knows this is because she took a 30yr mortgage, but she also believes that in the next 5-7 years, she'll sell her home and buy a smaller one, thus the 30 year mortgage is justified...

Both the mortgage lender and the car dealership finance people spouted out some nonsense that got her excited and she made the bad decisions in rapid fire succession.

First mistake? Telling the dealer, "I don't want my payments to be any higher than about $270/mo." What did she do? She agreed to have a dumbass alarm installed, adding $15/mo to her lease ($540 alarm...) totaling $285/mo, and doesn't consider the extra cost of insurance as an increase in her monthly payment...

I spent the first 6 years of "real" life in a self imposed semi retirement, to secure a lifetime of stories. Now it's time to secure the next lifetime through the badassity of FI.

"I achieved such a high level of badassity I just don't realize how normal people miss the whole process." --Le Barbu

mm1970

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Re: Overheard at Work
« Reply #14906 on: September 07, 2016, 09:46:51 AM »
Quote
And then I realized the brutal truth, "She must have leased it. Fuuuuuuuuuuck!"

I walk into the office and she immediately tells me that I HAVE to check out her new car. I don't pull any punches and I ask, "Did you lease it?" She says, "Yea, I really liked it, but they are really expensive. This thing is $42k with all the bells and whistles. I couldn't afford the nearly $600/mo payment to buy it new, so I thought I'd give the lease a try. If I don't like it, I can return it in three years. I had to give them the $10k up front, but my payment is only $270/mo which is totally affordable! I'm really excited, it's so nice! Plus, I have the option to buy it at the end of the lease, which would only be $22,800, which I can manage."

I ask her if she realizes that the $10k she paid up front is essentially to buy down the depreciation that the vehicle will incur in the next 3 years. That, when she's finished with her lease, she'll need to buy the car to make the lease worth it. Otherwise, she'll be paying almost $20k for a car for 3 years of use. She says, "Yea, I really like it. I'm pretty sure I'll definitely be buying it when the lease is up. I'm really happy with it."
That made my brain hurt.  People and cars.

RyanAtTanagra

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Re: Overheard at Work
« Reply #14907 on: September 07, 2016, 10:28:26 AM »
...but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300.

This is a major problem I see in a lot of people.  They only think of money in the short term, i.e. monthly payments, and if they can afford it.  Then they complain about how it's impossible to build wealth in the long term nowadays...

infogoon

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Re: Overheard at Work
« Reply #14908 on: September 07, 2016, 11:04:00 AM »
...but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300.

This is a major problem I see in a lot of people.  They only think of money in the short term, i.e. monthly payments, and if they can afford it.  Then they complain about how it's impossible to build wealth in the long term nowadays...

A friend of mine worked as a car salesman for a few years. He said that almost nobody -- way lower than 10% -- even ask about the total price of the car they're about to buy. It's all about that monthly payment.

PriestTheRunner

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Re: Overheard at Work
« Reply #14909 on: September 07, 2016, 11:06:03 AM »
...but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300.

This is a major problem I see in a lot of people.  They only think of money in the short term, i.e. monthly payments, and if they can afford it.  Then they complain about how it's impossible to build wealth in the long term nowadays...

A friend of mine worked as a car salesman for a few years. He said that almost nobody -- way lower than 10% -- even ask about the total price of the car they're about to buy. It's all about that monthly payment.

My parents intentionally drive 1.25 hours one way to work with a dealer in a small town.  The reason?  He was the only dealer within 100 miles that would actually give a cash price over the phone and stick to it.  We have 8 (or more) massive dealers in town.  None of them would give a cash price.
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MgoSam

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Re: Overheard at Work
« Reply #14910 on: September 07, 2016, 11:14:04 AM »
...but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300.

This is a major problem I see in a lot of people.  They only think of money in the short term, i.e. monthly payments, and if they can afford it.  Then they complain about how it's impossible to build wealth in the long term nowadays...

A friend of mine worked as a car salesman for a few years. He said that almost nobody -- way lower than 10% -- even ask about the total price of the car they're about to buy. It's all about that monthly payment.

Ick that's really sad, but likely great for the salesmen. That percentage makes sense as cash sales are around 9% of all car purchases.

randymarsh

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Re: Overheard at Work
« Reply #14911 on: September 07, 2016, 11:38:43 AM »
She's even decided to keep her older car, as she's never had the convenience of two cars before, and it doesn't cost her anything to keep it.

Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient? The brand new lease shouldn't be breaking down anytime soon. The mental gymnastics these people play!
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RyanAtTanagra

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Re: Overheard at Work
« Reply #14912 on: September 07, 2016, 11:47:35 AM »
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!

GuitarStv

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Re: Overheard at Work
« Reply #14913 on: September 07, 2016, 11:59:27 AM »
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!

If something breaks on the newer car you can just replace with parts from the older car!  That's how repairing cars works right?

bigalsmith101

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Re: Overheard at Work
« Reply #14914 on: September 07, 2016, 12:57:56 PM »
She's even decided to keep her older car, as she's never had the convenience of two cars before, and it doesn't cost her anything to keep it.

Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient? The brand new lease shouldn't be breaking down anytime soon. The mental gymnastics these people play!

She has a two car garage. She's never owned two cars before, and liked the idea of having a second car for those times when her car may be in the shop. I guarantee that I don't see it at the office more than twice in a year. Plus, she bought the Hyundai Santa Fe because it's a mini SUV. She wanted the option of carrying around her golf clubs or massage table while still carrying a passenger. So, her old two door car can't even do what she wants to do with the new one. It's just dumb.
I spent the first 6 years of "real" life in a self imposed semi retirement, to secure a lifetime of stories. Now it's time to secure the next lifetime through the badassity of FI.

"I achieved such a high level of badassity I just don't realize how normal people miss the whole process." --Le Barbu

Drifterrider

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Re: Overheard at Work
« Reply #14915 on: September 07, 2016, 01:08:40 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!

If you have too much to drink at a bar, use your towing insurance:)

merula

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Re: Overheard at Work
« Reply #14916 on: September 07, 2016, 03:07:58 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!

If you have too much to drink at a bar, use your towing insurance:)

Sorry, but you're going to be disappointed when you get a $300 tow bill instead of paying $30 for a taxi. Insurance typically only covers towing if the vehicle isn't driveable. For example:

We will pay towing and labor costs incurred each time your covered auto is disabled, up to the amount shown in the Declarations as applicable to that vehicle.

MgoSam

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Re: Overheard at Work
« Reply #14917 on: September 07, 2016, 03:10:33 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!

If you have too much to drink at a bar, use your towing insurance:)

Sorry, but you're going to be disappointed when you get a $300 tow bill instead of paying $30 for a taxi. Insurance typically only covers towing if the vehicle isn't driveable. For example:

We will pay towing and labor costs incurred each time your covered auto is disabled, up to the amount shown in the Declarations as applicable to that vehicle.

Doesn't aaa cover tow fees....depending on membership level and distance driven? I don't know if you could do this solely because you are drunk, but it is an amusing idea. I believe this was done in the show The League.

mtn

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Re: Overheard at Work
« Reply #14918 on: September 07, 2016, 03:11:08 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!

If you have too much to drink at a bar, use your towing insurance:)

Sorry, but you're going to be disappointed when you get a $300 tow bill instead of paying $30 for a taxi. Insurance typically only covers towing if the vehicle isn't driveable. For example:

We will pay towing and labor costs incurred each time your covered auto is disabled, up to the amount shown in the Declarations as applicable to that vehicle.

Install a kill switch and not tell anyone about it. "Geeze, dang thing is turning over but it sure isn't starting. Must be bad fuel or something"

Of course, you usually can only use that tow 1-2 times a year, and an Uber is about $5-$15, so...

MgoSam

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Re: Overheard at Work
« Reply #14919 on: September 07, 2016, 03:13:04 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!

If you have too much to drink at a bar, use your towing insurance:)

Sorry, but you're going to be disappointed when you get a $300 tow bill instead of paying $30 for a taxi. Insurance typically only covers towing if the vehicle isn't driveable. For example:

We will pay towing and labor costs incurred each time your covered auto is disabled, up to the amount shown in the Declarations as applicable to that vehicle.

Install a kill switch and not tell anyone about it. "Geeze, dang thing is turning over but it sure isn't starting. Must be bad fuel or something"

Of course, you usually can only use that tow 1-2 times a year, and an Uber is about $5-$15, so...

Yup. Plus Uber or cabbies tend to be fairly prompt whereas tows can take forever to come.

merula

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Re: Overheard at Work
« Reply #14920 on: September 07, 2016, 03:13:37 PM »
This whole foamy suggestion has got to be the lamest insurance fraud scam ever.

mtn

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Re: Overheard at Work
« Reply #14921 on: September 07, 2016, 03:18:29 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.

MgoSam

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Re: Overheard at Work
« Reply #14922 on: September 07, 2016, 03:27:16 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.

Lol, good memories of pizza delivery guys during college. I remember one time walking back from a friend's dorm in the middle of winter as a pizza delivery guy just finished making a delivery. I asked if he would be willing to give me a ride and his response, "Man, I don't give rides to dudes," and so I nodded and started to walk and he yelled, "I'm just kidding," with a huge smile on his face and drove me to back to my dorm. Nice guy, wouldn't accept some money for the ride. A year later when I moved into my fraternity he delivered a pizza and remembered me!

Then there was another guy we knew that was a dealer, who also delivered pizzas on the side. It was annoying because couldn't get a hold of him when he was working but when he could he would bring us a pizza when he made a delivery.

dragoncar

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Re: Overheard at Work
« Reply #14923 on: September 07, 2016, 04:25:59 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!

If you have too much to drink at a bar, use your towing insurance:)

Sorry, but you're going to be disappointed when you get a $300 tow bill instead of paying $30 for a taxi. Insurance typically only covers towing if the vehicle isn't driveable. For example:

We will pay towing and labor costs incurred each time your covered auto is disabled, up to the amount shown in the Declarations as applicable to that vehicle.

In some parts of the world, your auto insurance includes transportation home if you've been drinking.  As in, your premium includes them delivering a driver to your drinking establishment and he drives you home in your own car.  I guess it reduces their liability in the end because you aren't driving drunk -- would be good in the US too.

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Re: Overheard at Work
« Reply #14924 on: September 07, 2016, 07:39:08 PM »
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!

sonjak

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Re: Overheard at Work
« Reply #14925 on: September 07, 2016, 07:57:55 PM »
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!
It hurt to read!

nobodyspecial

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Re: Overheard at Work
« Reply #14926 on: September 07, 2016, 08:46:08 PM »
Quote from: randymarsh link=topic=2540.msg
but how are 2 sedans for one person convenient?
Obviously so you can use the hov lane, the one with the picture of an owner of 2 cars

RWD

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Re: Overheard at Work
« Reply #14927 on: September 07, 2016, 09:31:00 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...

Zx

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Re: Overheard at Work
« Reply #14928 on: September 07, 2016, 09:36:53 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.

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Re: Overheard at Work
« Reply #14929 on: September 07, 2016, 11:58:52 PM »
Today at work a guy pulls up next to our job site in a pickup truck, and I mention that we are going to be running some equipment very close to where he parked his truck and it might get dust/debris on it.  He says "no worries, it's my bush-truck"...   Um, his "bush-truck" was a <3 year old 4-door F350 Super Duty that looked absolutely brand new.
I hate to think how much he would spend on a "show truck"

MrRealEstate

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Re: Overheard at Work
« Reply #14930 on: September 08, 2016, 03:26:23 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.

MustachianAccountant

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Re: Overheard at Work
« Reply #14931 on: September 08, 2016, 04:28:32 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.
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Making Cookies

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Re: Overheard at Work
« Reply #14932 on: September 08, 2016, 09:11:20 AM »
...but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300.

This is a major problem I see in a lot of people.  They only think of money in the short term, i.e. monthly payments, and if they can afford it.  Then they complain about how it's impossible to build wealth in the long term nowadays...

Maybe that's a big part of what's different between now and 50 years ago. Creative financing that helps the customer get the stuff they want but costs them for far longer than they will have the stuff i.e. compound interest and opportunity costs.

Of course the average person doesn't want to figure this out. They just want a low monthly payment. And the money people are happy to help...

Proud Foot

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Re: Overheard at Work
« Reply #14933 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 #14934 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 #14935 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 #14936 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 #14937 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 #14938 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 #14939 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 #14940 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)
"If we wait for the moment when everything, absolutely everything is ready, we shall never begin." - Ivan Turgenev
"As soon as you believe that something cannot be done, you will find that, sure enough, you cannot do it." -Me, to my children, all the time

Proud Foot

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Re: Overheard at Work
« Reply #14941 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 participantís 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 #14942 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 #14943 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 #14944 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.

mary w

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Re: Overheard at Work
« Reply #14945 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 #14946 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 #14947 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 #14948 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 #14949 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 »