Author Topic: Overheard at Work  (Read 8053645 times)

shelivesthedream

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Re: Overheard at Work
« Reply #15650 on: November 07, 2016, 11:39:39 AM »
OK, all y'all, I made a new thread: http://forum.mrmoneymustache.com/off-topic/the-socialised-medicine-debate-thread/ Let's move the conversation over.

onlykelsey

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Re: Overheard at Work
« Reply #15651 on: November 07, 2016, 11:43:44 AM »
OK, all y'all, I made a new thread: http://forum.mrmoneymustache.com/off-topic/the-socialised-medicine-debate-thread/ Let's move the conversation over.

Hurrah!

Back on topic: A young lawyer at my job was just complaining that after he maxes his 401K (18K, as he hasn't contributed all year), there will only be a few thousand left in his bonus.  He was debating whether he really had enough to put the full 18K in while still buying the stuff he wanted to this year.

For context, this is a job that pays first-year lawyers 180K now, so 18K is approximately 8% of his pre-tax earnings, or maybe... 12% of his post-tax earnings.

GardenBaker

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Re: Overheard at Work
« Reply #15652 on: November 07, 2016, 11:47:19 AM »
"With the economy the way it is and this presidential election, I'm never going to retire, I can't afford to," <<---- from my boss who insists on going out to eat everyday at a sit down restaurant, because she HAS to get out off the office for an hour. Lately she's been miffed at me, because I no longer go out to lunch with her. I feel like saying, "I don't want to be your age and still not have a hope for retirement in sight," but I keep my plans for ER out of the conversation because she's always right anway and I want to keep my job so I can keep building my FU money.

Archivist

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Re: Overheard at Work
« Reply #15653 on: November 07, 2016, 01:45:23 PM »
"With the economy the way it is and this presidential election, I'm never going to retire, I can't afford to," <<---- from my boss who insists on going out to eat everyday at a sit down restaurant, because she HAS to get out off the office for an hour. Lately she's been miffed at me, because I no longer go out to lunch with her. I feel like saying, "I don't want to be your age and still not have a hope for retirement in sight," but I keep my plans for ER out of the conversation because she's always right anway and I want to keep my job so I can keep building my FU money.

That's a good example of how a job can cost you more money than it's worth, especially when you calculate commute and all the other things you do to compensate for the time spent working (more eloquently covered in Your Money or Your Life).

mustachepungoeshere

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Re: Overheard at Work
« Reply #15654 on: November 07, 2016, 03:28:19 PM »
I'm in my third week at a new job loosely connected with personal finance, so all we do all day is talk money.

I was told early on that one girl in my team is famously frugal. She's in her early 20s and saving for a house deposit.

Ok, but...

In two and a bit weeks she has eaten out for lunch every day but one, and this morning came in telling us about her awesome breakfast. It was only $14.

Nice girl but she thinks Groupons are the solution to everything.

arebelspy

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Re: Overheard at Work
« Reply #15655 on: November 07, 2016, 04:29:22 PM »
I'm in my third week at a new job loosely connected with personal finance, so all we do all day is talk money.

I was told early on that one girl in my team is famously frugal. She's in her early 20s and saving for a house deposit.

Ok, but...

In two and a bit weeks she has eaten out for lunch every day but one, and this morning came in telling us about her awesome breakfast. It was only $14.

Nice girl but she thinks Groupons are the solution to everything.
Funny.

Wonder what she did or bragged about to be labeled frugal early on.
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Goldielocks

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Re: Overheard at Work
« Reply #15656 on: November 07, 2016, 04:45:58 PM »
I find it hard to understand why y'all object so strongly to socialised healthcare. (I mean, it's been explained to me, but I still don't get it.)

Because as an employed white collar worker with an employed white collar worker spouse, I feel like my healthcare is the best in the world.  My insurance company is not unreasonable, I've got plenty of coverage, and if I have a problem I can go see some of the best doctors on the planet for not a ton of money. 

I consider the government pretty much entirely incompetent at about everything they do, and I don't see how inserting themselves into the good deal I've got going can make it better for me.  For other people, yes, I'm aware they have shitty circumstances, but for me they can ONLY cock it up.

I'm in basically the same place as you (employed white collar worker with great health care through work), and I definitely hear where you're coming from. I'm just a little unclear on whether you're saying that the potential cost to you outweighs the benefits to others in worse circumstances, or if you're saying that you support socialized medicine because of the benefit to others, despite the cost to you.

If it's the former, it might be worth considering that many countries with public healthcare also have private insurance providers. (See jinga nation's comments about family in London.)

No, I'm saying I am not in favor of ruining my good deal. 

I am aware of private insurance in other countries, not sure how my essentially paying for insurance twice (taxes and then out of pocket) is better for me.

Quote
Another question: what do you plan to do after age 65? Would you use Medicare, with the attendant potential for government headaches, or buy private insurance?

I'm 34.  Ask me again when I'm 55 or 60; I have a feeling a lot will change over the next 30 years so it's pretty academic for me to worry about that now.

Interesting how you think that socialized healthcare would result in a decrease of your service now.

I went from socialized healthcare in Canada to a gold standard, employer provided healthcare in the USA.
Not accounting for deductibles, my costs for taxes vs. medical deductions were pretty much a wash (It was California).

If we had needed to use emergency service (eg. a broken leg on a kid or maternity), then the US would have been a lot more money.  If we had needed specialized "optional" surgery, then Canada would have been free - but not available without waitlists..

But man, the insurance processing and accounting and deductibles are a PITA!   I can't believe anyone can claim a "sweet deal" when you have to deal with that amount of red tape.

Some studies show that 25% to 33% of all costs in the hospital are related to the cost for accounting... for every bandage and pill and item that is used to each patient, and to bill and collect.  The nurses' paperwork load is enormous in the USA because of it.   THAT is where your money is going in the US, and why the costs are no more for similar healthcare as in the UK and Canada -- and yet, all of the other people get decent healthcare coverege, too.

shelivesthedream

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Re: Overheard at Work
« Reply #15657 on: November 08, 2016, 02:06:43 AM »
OK, all y'all, I made a new thread: http://forum.mrmoneymustache.com/off-topic/the-socialised-medicine-debate-thread/ Let's move the conversation over.

^^

I find it hard to understand why y'all object so strongly to socialised healthcare. (I mean, it's been explained to me, but I still don't get it.)

Because as an employed white collar worker with an employed white collar worker spouse, I feel like my healthcare is the best in the world.  My insurance company is not unreasonable, I've got plenty of coverage, and if I have a problem I can go see some of the best doctors on the planet for not a ton of money. 

I consider the government pretty much entirely incompetent at about everything they do, and I don't see how inserting themselves into the good deal I've got going can make it better for me.  For other people, yes, I'm aware they have shitty circumstances, but for me they can ONLY cock it up.

I'm in basically the same place as you (employed white collar worker with great health care through work), and I definitely hear where you're coming from. I'm just a little unclear on whether you're saying that the potential cost to you outweighs the benefits to others in worse circumstances, or if you're saying that you support socialized medicine because of the benefit to others, despite the cost to you.

If it's the former, it might be worth considering that many countries with public healthcare also have private insurance providers. (See jinga nation's comments about family in London.)

No, I'm saying I am not in favor of ruining my good deal. 

I am aware of private insurance in other countries, not sure how my essentially paying for insurance twice (taxes and then out of pocket) is better for me.

Quote
Another question: what do you plan to do after age 65? Would you use Medicare, with the attendant potential for government headaches, or buy private insurance?

I'm 34.  Ask me again when I'm 55 or 60; I have a feeling a lot will change over the next 30 years so it's pretty academic for me to worry about that now.

Interesting how you think that socialized healthcare would result in a decrease of your service now.

I went from socialized healthcare in Canada to a gold standard, employer provided healthcare in the USA.
Not accounting for deductibles, my costs for taxes vs. medical deductions were pretty much a wash (It was California).

If we had needed to use emergency service (eg. a broken leg on a kid or maternity), then the US would have been a lot more money.  If we had needed specialized "optional" surgery, then Canada would have been free - but not available without waitlists..

But man, the insurance processing and accounting and deductibles are a PITA!   I can't believe anyone can claim a "sweet deal" when you have to deal with that amount of red tape.

Some studies show that 25% to 33% of all costs in the hospital are related to the cost for accounting... for every bandage and pill and item that is used to each patient, and to bill and collect.  The nurses' paperwork load is enormous in the USA because of it.   THAT is where your money is going in the US, and why the costs are no more for similar healthcare as in the UK and Canada -- and yet, all of the other people get decent healthcare coverege, too.

mustachepungoeshere

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Re: Overheard at Work
« Reply #15658 on: November 08, 2016, 02:26:41 AM »
I'm in my third week at a new job loosely connected with personal finance, so all we do all day is talk money.

I was told early on that one girl in my team is famously frugal. She's in her early 20s and saving for a house deposit.

Ok, but...

In two and a bit weeks she has eaten out for lunch every day but one, and this morning came in telling us about her awesome breakfast. It was only $14.

Nice girl but she thinks Groupons are the solution to everything.
Funny.

Wonder what she did or bragged about to be labeled frugal early on.

After I posted this she bought tickets to a show ($190 each) then left early to get her eyebrows "done".

MrRealEstate

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Re: Overheard at Work
« Reply #15659 on: November 08, 2016, 08:36:50 AM »
I'm in my third week at a new job loosely connected with personal finance, so all we do all day is talk money.

I was told early on that one girl in my team is famously frugal. She's in her early 20s and saving for a house deposit.

Ok, but...

In two and a bit weeks she has eaten out for lunch every day but one, and this morning came in telling us about her awesome breakfast. It was only $14.

Nice girl but she thinks Groupons are the solution to everything.
Funny.

Wonder what she did or bragged about to be labeled frugal early on.

After I posted this she bought tickets to a show ($190 each) then left early to get her eyebrows "done".

« Last Edit: November 08, 2016, 08:38:50 AM by MrRealEstate »

BlueHouse

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Re: Overheard at Work
« Reply #15660 on: November 08, 2016, 09:22:40 AM »

Not everyone objects to socialized health care.  From what I see and hear, it's the objection to high taxes, the objection to other people getting something that *I* paid for out of *my* taxes, and the lack of personal responsibility.  Also "bootstraps".

It's never my problem until it's my problem.

I know people who object to the ACA, but are on Medicaid.
I know people who complain about their ACA premiums (including relatives), but they are people who literally have had union-level amazing company sponsored health insurance their whole lives.


+1.  Most people who complain the loudest are those who don't even use ACA or who do not know the true cost (after their subsidy). 

I thought I would hate it.  I do not get a subsidy.  Here are the things I actually like about it. 

1.  As a self-employed person, I'm no longer worried about "pre-existing conditions" and I will actually go to the doctor again AND tell the truth because I don't fear getting dropped. 
2.  I did have to change insurance plans, but the cost is comparable to what it was under private insurance.
3.  I still have the option to pay for anything I want outside of my normal coverage (as does everyone else)
4.  I like that 20 Million people who didn't have insurance now do
5.  I like that we know in advance what it costs the taxpayers for subsidies, etc, vs. uninsured people going to emergency rooms

If you've always had your insurance paid for by a company and now you don't, you don't really have a fair reference to point to -- you were just unaware of the costs of that insurance. 



 
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MrRealEstate

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Re: Overheard at Work
« Reply #15661 on: November 08, 2016, 09:51:32 AM »

Not everyone objects to socialized health care.  From what I see and hear, it's the objection to high taxes, the objection to other people getting something that *I* paid for out of *my* taxes, and the lack of personal responsibility.  Also "bootstraps".

It's never my problem until it's my problem.

I know people who object to the ACA, but are on Medicaid.
I know people who complain about their ACA premiums (including relatives), but they are people who literally have had union-level amazing company sponsored health insurance their whole lives.


+1.  Most people who complain the loudest are those who don't even use ACA or who do not know the true cost (after their subsidy). 

I thought I would hate it.  I do not get a subsidy.  Here are the things I actually like about it. 

1.  As a self-employed person, I'm no longer worried about "pre-existing conditions" and I will actually go to the doctor again AND tell the truth because I don't fear getting dropped. 
2.  I did have to change insurance plans, but the cost is comparable to what it was under private insurance.
3.  I still have the option to pay for anything I want outside of my normal coverage (as does everyone else)
4.  I like that 20 Million people who didn't have insurance now do
5.  I like that we know in advance what it costs the taxpayers for subsidies, etc, vs. uninsured people going to emergency rooms

If you've always had your insurance paid for by a company and now you don't, you don't really have a fair reference to point to -- you were just unaware of the costs of that insurance. 



 


Healthcare discussion now has its own thread.

Ralph2

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Re: Overheard at Work
« Reply #15662 on: November 08, 2016, 10:44:32 PM »
I personally hate this shit and hate anyone thinks there automatically has to be gender roles.. At a previous job I was bored one night and baked cookies, mostly because I wanted them. Since I had extras and knew that if I kept them they would be promptly consumed by me, I brought them into work. I can't tell you how many snide comments were said about how "women bake cookies," as if I was any less of a man for baking. Very few people said thank you, and as a result I stopped bringing them in. Each time I baked them, I would share them with my friends, people that would at least have the decency to show some appreciation.

We had a series of white ribbon (campaign to end violence against women) activities at work, it went on for over a week and culminated in a cake bakeoff and a beach BBQ/sports day.
Sitting in a hot stuffy room waiting for our lectures to begin one afternoon we were asked if we had all baked our cakes for the cake off the next day. My wife and daughter will not let me cook anything more complicated than sausage, egg and onion sangas. That is a job for the females at home, but the boys were allowed to cook and two became bit chefs in different restaurants and pubs etc.
Please don't hate my wife.

I simply said that's a girls job at my place, never got the "at my place" out, or the explanation that my wife said if they want you to fool around and spend a day eating cake and playing games we can do that at home, work is a place to work.

Do we have a problem with violence, sexism, racism etc at work? Not that I know of, but we are spending increasing time on compulsory various social awareness programs each year to the point that it is affecting production.

Large government department that is going through staffing issues and currently wants to downsize numbers.

gimp

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Re: Overheard at Work
« Reply #15663 on: November 08, 2016, 10:47:27 PM »
Sounds like you should think a little more before you speak. An obvious change in phrasing would have served you well.

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Re: Overheard at Work
« Reply #15664 on: November 09, 2016, 04:36:07 AM »
Sounds like you should think a little more before you speak. An obvious change in phrasing would have served you well.

Change the phrasing, maybe. Others said worse than me.
We were on our fifth or so useless lecture in two weeks, work piling up and complaints coming in we were not meeting our targets. Most did not want to be there.
Most lost two whole days attending compulsory fun activities that week alone and there is team leader/building trips coming up in a week or so where most will be away for 2 - 3 days.

Add in a safety day that had nearly nothing to do with safety or what we do.

But we all got paid for a full week.

merula

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Re: Overheard at Work
« Reply #15665 on: November 09, 2016, 07:35:24 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!

MrRealEstate

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Re: Overheard at Work
« Reply #15666 on: November 09, 2016, 07:45:21 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

marcela

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Re: Overheard at Work
« Reply #15667 on: November 09, 2016, 08:06:27 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.

MgoSam

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Re: Overheard at Work
« Reply #15668 on: November 09, 2016, 08:15:57 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.

Or it sounds like a game of one-ups-manship. Like this scene in Deadpool (NSFW)

https://www.youtube.com/watch?v=87gPFUfvIsQ

BDWW

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Re: Overheard at Work
« Reply #15669 on: November 09, 2016, 09:12:02 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.

Well the trouble for a lot (most?) of these people is that they want to commit to these things and make no actual plan or adjustments to do it. Working til 90 to pay for tuition makes sense if you accept that you're not actually going to save anything beforehand. But you're committed, so you take out loans and somehow try to work paying them and the rest of your life out of working cashflow.


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Re: Overheard at Work
« Reply #15670 on: November 09, 2016, 09:34:11 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.


I'm pretty sure 50%+ of the anti-mustachian forum is based off of mustachians taking flippant, throw-away comments from non-mustachians as serious, thought-out plans. 
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Re: Overheard at Work
« Reply #15671 on: November 09, 2016, 10:22:46 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.


I'm pretty sure 50%+ of the anti-mustachian forum is based off of mustachians taking flippant, throw-away comments from non-mustachians as serious, thought-out plans.

And, 76% of all statistics are made up on the spot.
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LeRainDrop

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Re: Overheard at Work
« Reply #15672 on: November 09, 2016, 10:24:49 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.


I'm pretty sure 50%+ of the anti-mustachian forum is based off of mustachians taking flippant, throw-away comments from non-mustachians as serious, thought-out plans.

And, 76% of all statistics are made up on the spot.

I heard it was more like 88%.

kayvent

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Re: Overheard at Work
« Reply #15673 on: November 09, 2016, 11:18:09 AM »
I heard it was more like 88%.
A boy at my daughter's daycare is always telling the other kids about crazy things he heard on the internet. Often borderline conspiracy theories. I explained to her that most of the stuff on the internet is wrong.

A few days after that I started a conversation "I was reading an article on the internet that said-". She glares at me. She then asks me to re-evaluate what I was going to say and decide whether I should say it or not.

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Re: Overheard at Work
« Reply #15674 on: November 09, 2016, 11:31:14 AM »
Love it, kayvent!

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Re: Overheard at Work
« Reply #15675 on: November 09, 2016, 11:33:23 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.


I'm pretty sure 50%+ of the anti-mustachian forum is based off of mustachians taking flippant, throw-away comments from non-mustachians as serious, thought-out plans.

And, 76% of all statistics are made up on the spot.

The statistic is a throwaway, but tell me the sentiment is wrong.
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frugalnacho

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Re: Overheard at Work
« Reply #15676 on: November 09, 2016, 11:50:07 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.


I'm pretty sure 50%+ of the anti-mustachian forum is based off of mustachians taking flippant, throw-away comments from non-mustachians as serious, thought-out plans.

And, 76% of all statistics are made up on the spot.

84% of people know that.

BuffaloStache

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Re: Overheard at Work
« Reply #15677 on: November 09, 2016, 10:04:32 PM »
Pretty sure that sentiment is spot on. heh
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Maverick44

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Re: Overheard at Work
« Reply #15678 on: November 10, 2016, 07:55:07 AM »
Long Time lurker, first time posting. Finished all 320+ pages!

I have a coworker/friend whom I keep trying to reign in a bit on her spending but, she bought a brand new Camaro a couple of years ago and has added about $3,000 worth of upgrades since then.  In the end, that's fine if that's what she wants to spend her $ on but, she's always complaining that she has no $ while going out to lunch everyday, buying new clothes, TVs and car upgrades regularly.  I've shown her the math of what bringing her lunch can save her.  She said it sounded great but, hasn't changed anything about her habits...

On the positive side, she just paid off her student loans!! I told her congrats and got the following response over our work instant messenger:
"I want to buy something fancy or expensive. Retail therapy makes me feel better. Especially now that I no longer have student loans."

Went from happy for her to sad for her extremely quickly.

Donovan

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Re: Overheard at Work
« Reply #15679 on: November 10, 2016, 08:43:05 AM »

On the positive side, she just paid off her student loans!! I told her congrats and got the following response over our work instant messenger:
"I want to buy something fancy or expensive. Retail therapy makes me feel better. Especially now that I no longer have student loans."

Went from happy for her to sad for her extremely quickly.

Meh, I am absolutely doing this some day when we finish paying off my wife's massive loans. After years of pumping ~$3000/month into them, we've agreed that once they are dead we both get to use one of the next two months worth of 'payments' to buy whatever the hell we want. After years of this struggle, I'm sure it's gonna feel niiice.

Now, if the ups her spending every month to make up for the 'new' money, that is a different and much sadder story. Hopefully she doesn't.
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marcela

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Re: Overheard at Work
« Reply #15680 on: November 10, 2016, 08:54:55 AM »

On the positive side, she just paid off her student loans!! I told her congrats and got the following response over our work instant messenger:
"I want to buy something fancy or expensive. Retail therapy makes me feel better. Especially now that I no longer have student loans."

Went from happy for her to sad for her extremely quickly.

Meh, I am absolutely doing this some day when we finish paying off my wife's massive loans. After years of pumping ~$3000/month into them, we've agreed that once they are dead we both get to use one of the next two months worth of 'payments' to buy whatever the hell we want. After years of this struggle, I'm sure it's gonna feel niiice.

Now, if the ups her spending every month to make up for the 'new' money, that is a different and much sadder story. Hopefully she doesn't.

Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care. 

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Re: Overheard at Work
« Reply #15681 on: November 10, 2016, 10:34:06 AM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D
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Re: Overheard at Work
« Reply #15682 on: November 10, 2016, 12:32:14 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

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Re: Overheard at Work
« Reply #15683 on: November 10, 2016, 12:47:33 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

Quote
For a windfall over $5000, you may get yourself one gourmet coffee or a Chipotle Burrito, but thatís about it.

http://www.mrmoneymustache.com/2013/09/20/wealth-advice-that-should-be-obvious/
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MgoSam

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Re: Overheard at Work
« Reply #15684 on: November 10, 2016, 12:48:31 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

Quote
For a windfall over $5000, you may get yourself one gourmet coffee or a Chipotle Burrito, but thatís about it.

http://www.mrmoneymustache.com/2013/09/20/wealth-advice-that-should-be-obvious/

Nice I like it! I remember hearing something along these lines.

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Re: Overheard at Work
« Reply #15685 on: November 10, 2016, 12:51:37 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

Quote
For a windfall over $5000, you may get yourself one gourmet coffee or a Chipotle Burrito, but thatís about it.

http://www.mrmoneymustache.com/2013/09/20/wealth-advice-that-should-be-obvious/

Nice I like it! I remember hearing something along these lines.

I was gonna say that I thought that was really restrictive... but, realistically, if someone handed me 5K right now, I'd get the novel I've been wanting to read and stash the rest in savings. So... yeah.

To be fair: I'm 6 months pregnant and my husband just learn that he's getting laid off in 2 months, so I may be more savings-prone than usual. We'll be fine, but that doesn't mean it's time to throw money out the window.

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Re: Overheard at Work
« Reply #15686 on: November 10, 2016, 01:25:35 PM »
I'm a bit behind in this thread, so sorry if this OhaW story doesn't contribute to whatever the hell the current foam is.

I was hanging around playing poker with my boss and some co-workers before a training exercise one evening.  The discussion turned somehow turned into my boss razzing me about being such a cheapass for some of my behaviors (biking to work, older phone with no data, I drive an old car, all this even though my wife and I are DINKS, etc). 

"You probably have a massive pile of cash or something."
I didn't want to sound like a dick and just confirm as it was all in good fun, so I said, "Nah, I just blow it all on hookers and, of course, my massive gambling addiction."

Fast forward to some time later, I was sitting around with said boss and some of the same co-workers. This was during one of those times where the lottery was massive so everyone was playing (except for me... tightass).  To the one, they were all in agreement that if they won, they would immediately quit and walk out the door.  They came to the conclusion that $1MM would be enough.  I was the brunt of the joke that I would be the only one left running the office because I hadn't participated in the lottery with them (they went in together with the intent of sharing the winnings if anyone won).

I smiled to myself because, at the time, our stash was just shy of the magical $1MM they were throwing around as the freedom floor.

It was all in jest because we all had a good working relationship, but a bit sad that they knew the solution to freedom but basically wouldn't degrade themselves with not having the latest, shiniest stuff.  Oh well, all you can do is lead by example and let the chips fall where they may.  We all have our priorities.

TexasRunner

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Re: Overheard at Work
« Reply #15687 on: November 10, 2016, 01:45:00 PM »
I'm a bit behind in this thread, so sorry if this OhaW story doesn't contribute to whatever the hell the current foam is.

I was hanging around playing poker with my boss and some co-workers before a training exercise one evening.  The discussion turned somehow turned into my boss razzing me about being such a cheapass for some of my behaviors (biking to work, older phone with no data, I drive an old car, all this even though my wife and I are DINKS, etc). 

"You probably have a massive pile of cash or something."
I didn't want to sound like a dick and just confirm as it was all in good fun, so I said, "Nah, I just blow it all on hookers and, of course, my massive gambling addiction."

Fast forward to some time later, I was sitting around with said boss and some of the same co-workers. This was during one of those times where the lottery was massive so everyone was playing (except for me... tightass).  To the one, they were all in agreement that if they won, they would immediately quit and walk out the door.  They came to the conclusion that $1MM would be enough.  I was the brunt of the joke that I would be the only one left running the office because I hadn't participated in the lottery with them (they went in together with the intent of sharing the winnings if anyone won).

I smiled to myself because, at the time, our stash was just shy of the magical $1MM they were throwing around as the freedom floor.

It was all in jest because we all had a good working relationship, but a bit sad that they knew the solution to freedom but basically wouldn't degrade themselves with not having the latest, shiniest stuff.  Oh well, all you can do is lead by example and let the chips fall where they may.  We all have our priorities.

I highly doubt I would have been able to show the same level of restraint... :)  "Ohhh, it only takes a million bucks?  I guess I'm out next month boss! [Silently Smirk]"
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Archivist

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Re: Overheard at Work
« Reply #15688 on: November 10, 2016, 02:24:37 PM »
I have a coworker who's constantly having money troubles. She and her husband are not high earners, and from what I gather they don't budget or communicate well about money, nor do they have joint accounts. She used to shop at Walmart once a day, to pick up anything she needed or just cheap stuff she wanted. Now her husband has been out of a job for a while so she has had to quit that habit. One day she told me she was depressed because her checking account only had $10 in it.

The latest problem, however, is medical bills. She made the mistake of not checking whether her spinal injections were in network or not, and they weren't. So now she owes just shy of $10,000 that she really can't afford. She's hoping to refinance her mortgage and roll that debt into it. I've tried giving helpful advice before, like suggesting areas they could cut expenses, but she has a reason why she can't make a sacrifice for any scenario.

I'm not really posting this to shame her bad decisions, because when I see her, I see someone who's been given a tough break and doesn't have the education or intelligence to always make the right decisions. And I don't like our whole in-network/out-of-network system anyway. Hearing her talk about her problems makes me realize how lucky I am, even if it's just being lucky enough to have the ability to make good choices. Sometimes I think about what her reaction would be if I told her that my husband and I have an excess of about 3 to 4,000 dollars each month after our bills are paid (which right now we are using to pay off student loans and save for a car). She probably wouldn't look at me the same again.

MgoSam

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Re: Overheard at Work
« Reply #15689 on: November 10, 2016, 02:29:17 PM »
I was the brunt of the joke that I would be the only one left running the office because I hadn't participated in the lottery with them (they went in together with the intent of sharing the winnings if anyone won).


My response would be, "I guess that means I'm getting a raise and a corner office."

It's been a while but if anyone in the office wanted to do an office pool, I probably would contribute mostly for the sake of camaraderie. A dollar or two isn't something I'm going to miss and it's not like they buy them ever, it's been 2 years that I can recall anyone mentioning wanting to buy them, but then again there's only 5 other people here. 

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Re: Overheard at Work
« Reply #15690 on: November 10, 2016, 03:05:46 PM »
Not directly relevant, but incredibly frustrating, and I need to vent somewhere:
-I need to get a yes or no on a project, and I need a tentative answer before tomorrow so I can tell the people I will or won't cooperate with if we should spend anymore time on this.
-my closest boss supports the project, and has taken it to her boss
-my boss' boss wants to postpone the decision until next year
-my boss' boss' boss wants a decision to be made, and has put it on the list of stuff that will be presented for the board this month. I know this only because his secretary asked me to proofread the agenda. The agenda has now been posted on the company webpage.
-I have told my boss that the project is on the agenda, but I don't know if she has reached her boss and informed her.
-tonight I got a mail from boss'boss that I should tell my partners tomorrow that the decision has been postponed. But it is still on the online agenda, and boss'boss did not mention this issue. There are also politicians involved in this, and the case can not simply be pulled if they have taken an interest.

:gaaah:
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WildJager

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Re: Overheard at Work
« Reply #15691 on: November 10, 2016, 03:07:54 PM »
I was the brunt of the joke that I would be the only one left running the office because I hadn't participated in the lottery with them (they went in together with the intent of sharing the winnings if anyone won).


My response would be, "I guess that means I'm getting a raise and a corner office."

It's been a while but if anyone in the office wanted to do an office pool, I probably would contribute mostly for the sake of camaraderie. A dollar or two isn't something I'm going to miss and it's not like they buy them ever, it's been 2 years that I can recall anyone mentioning wanting to buy them, but then again there's only 5 other people here.

I contributed a token amount the first day they wanted to do it.  But this was like the third day in a row during the fervor last year when no one was winning and the dollar amounts were getting crazy (US, national powerball or whatever it's called).   

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Re: Overheard at Work
« Reply #15692 on: November 10, 2016, 05:48:39 PM »
They came to the conclusion that $1MM would be enough.

I'm shocked.  Most people think 10MM wouldn't be enough.

I think 1MM is enough for 40k at a 4% WR.

But with their apparent spend levels, I don't think 1MM would be enough for them.
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Re: Overheard at Work
« Reply #15693 on: November 10, 2016, 06:19:11 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

Quote
For a windfall over $5000, you may get yourself one gourmet coffee or a Chipotle Burrito, but thatís about it.

http://www.mrmoneymustache.com/2013/09/20/wealth-advice-that-should-be-obvious/

Nice I like it! I remember hearing something along these lines.

Fine, but I'm getting centuple guac

dragoncar

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Re: Overheard at Work
« Reply #15694 on: November 10, 2016, 06:21:22 PM »
They came to the conclusion that $1MM would be enough.

I'm shocked.  Most people think 10MM wouldn't be enough.

I think 1MM is enough for 40k at a 4% WR.

But with their apparent spend levels, I don't think 1MM would be enough for them.

Yeah, I was confused how 1 MM would be enough, but they wouldn't be able to lower their spending to the point where they could save 1 MM.  Then I realized, they are really thinking about FU money -- quit work, spend it all in 5 years, and then reapply.

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Re: Overheard at Work
« Reply #15695 on: November 10, 2016, 07:44:28 PM »
At after work drinks the other night one of the apprentices was complaining how hard it is to save money, about five minutes later a food order arrived for him of burger and chips, which he told me he orders most nights.

This is made worse by the fact our work supplies us free breakfast, lunch and dinner on days we work, but he said he didnt like any of the free food on offer so would rather pay $14 every night.

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Re: Overheard at Work
« Reply #15696 on: November 10, 2016, 10:20:36 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I think he recently bought a brand new car, so the terms of the rule have apparently changed.

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Re: Overheard at Work
« Reply #15697 on: November 10, 2016, 11:35:12 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

Quote
For a windfall over $5000, you may get yourself one gourmet coffee or a Chipotle Burrito, but thatís about it.

http://www.mrmoneymustache.com/2013/09/20/wealth-advice-that-should-be-obvious/

Nice I like it! I remember hearing something along these lines.

My income went up 25 per cent when I started a new job last month. We celebrated with dinner at home, just splurged a little on ingredients.

My husband was disappointed he didn't "get to take" me out, but I was content. The new job just strengthened my sense of being comfortable in my own skin, and that means a low-fuss celebration. It's freeing.

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Re: Overheard at Work
« Reply #15698 on: November 11, 2016, 08:52:32 AM »
We're thinking of taking the week between his graduation and the new job start date and spending it at an air bnb by the beach within driving distance. With his new job, he will only get 5 days vacation through the end of the year so we thought we would enjoy it while we could. Pricing it out, we're looking at under $1,000 and that's if we splurge on restaurants instead of cooking at the house or rent a longboard.

More than a burrito, but still well within a reasonable range. Not to mention way below what most mustachians have in their travel budget. ;)

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Re: Overheard at Work
« Reply #15699 on: November 11, 2016, 08:59:47 AM »
At work today, colleague saw I'd been shopping in M&S and asked if I'd spent over £35, because then 'you get to buy the advent calendar'.

They have this beauty advent calendar, and you have the 'privilege' of buying it for £35, once you've spent £35. So they are just doubling your spend. They claim this calendar is worth £250 (has 24 x beauty products inside). I think that is definitely BS.

I 'fessed up that I'd only spent £30 and couldn't get the advent calendar 'because I can't afford it'. (True, but also, why would anyone buy that...)

She looked at me like I was crazy. 'But you only needed to spend another fiver'. Like I'd just wasted such an opportunity.