Author Topic: Overheard at Work  (Read 4929487 times)

onlykelsey

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Re: Overheard at Work
« Reply #16050 on: December 01, 2016, 03:13:42 PM »
I keep thinking I'm gonna post this and maybe I have, but I have to be sure.

CW: Thanks for all being here to wish me well as I retire for the second time. As you all know, I had to go back into fed service for 2 years because we decided to buy a second ~$400K house without selling the first one, mere months after moving in and deciding we didn't like it, and got stuck with two mortgages for over a year before selling at a huge loss.*

Boss: Have fun in retirement. I wish I could retire but I screwed myself by procreating 16 years ago.

Boss: I just traded my 2-month-old Tahoe for a Land Rover because it was too big.

Boss: I've discovered if you trade often enough, you never have to make payments. Just keep rolling that negative equity!

*I've heard this story before and shuddered, but I had no idea it was the only reason he was working here... house #1 just sold a few months ago.

Wow.  Whenever I'm ashamed of how low my savings rate is, this thread always makes me feel better about myself.
Having a non-negative savings rate is already better than a lot of people. And the average (US) savings rate is 10%, but I doubt the median is close to that.

Edit:
Scratch that. It's only around 5.7% now (http://www.tradingeconomics.com/united-states/personal-savings)

I'd be interested in how they track that.  My own personal savings rate is hard to calculate and depends a lot on judgement (i.e., does my savings account which doubles as an emergency fund and a capital purchases slush fund count as savings?  Does my daughter's 529?  How about my Dependent Care account?  Employee Stock Purchase Plan?)  I don't see how you'd do it on the whole for the general population.

It looks like that page keys to the bureau of economic analysis: http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm  So their definition is income minus (value of the goods and services purchased by, or on the behalf of, “persons” who reside in the United States) minus (personal interest payment) minus (personal current transfer payments) minus (personal taxes).

All of them are defined terms you can see in that link, but it looks like anything you're not spending on goods or services or taxes is savings.  So it seems pretty generous.

Uturn

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Re: Overheard at Work
« Reply #16051 on: December 01, 2016, 06:45:54 PM »
One of my clients today: We are looking for a new house because ours is 7 years old and things are going to start breaking. 
It's not about money, it's about mindset

Miss Piggy

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Re: Overheard at Work
« Reply #16052 on: December 01, 2016, 06:59:42 PM »
One of my clients today: We are looking for a new house because ours is 7 years old and things are going to start breaking.

Part of me says "Oh my..."

The other part of me says "Well, the way they're building houses so cheaply today, your clients are probably right..."

Ralph2

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Re: Overheard at Work
« Reply #16053 on: December 01, 2016, 07:47:48 PM »

Ha yes, I second this. Obviously with exceptions - I mean, people need to be treated fairly in the workplace-  but yeah. I have seen the situation many times where bosses have asked staff to do stuff and staff have decided that means the beginning of a 6-month debate about whether or not they 'agree' to do it. Just FFFFing do it. It's your job!! If you're not being told to work longer hours for the same pay, or do something outside your payscale, then just DO IT *in the style of Shia Labeouf*

We have recently had our job descriptions changed to a menial under direct supervision duties one without consultation or our knowledge which is against our employment agreement.
The work we actually do is now rated as 2 or 3 pay grades above what we are being paid.
Regrade without competition (backdated)is being asked for, otherwise legal action will be taken.

gimp

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Re: Overheard at Work
« Reply #16054 on: December 01, 2016, 08:33:22 PM »
One of my clients today: We are looking for a new house because ours is 7 years old and things are going to start breaking.

Holy shit. Wow. They treat houses 3x more disposable than I treat cars. (If not worse.)

I assume they're not living in a slapped together prefab, right?

Miss Piggy

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Re: Overheard at Work
« Reply #16055 on: December 01, 2016, 09:00:02 PM »
One of my clients today: We are looking for a new house because ours is 7 years old and things are going to start breaking.

Holy shit. Wow. They treat houses 3x more disposable than I treat cars. (If not worse.)

I assume they're not living in a slapped together prefab, right?

Seems like that's all they're building anymore in my area, even at $500,000 and up. Just for kicks, some friends and I toured a $600,000 brand new home recently. I was shocked at the shitty quality and builder-grade "amenities" (which will be replaced within the first year because they're cheap crap). Makes me all that much happier to live in my paid-for 1960s home.

Ramblin' Ma'am

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Re: Overheard at Work
« Reply #16056 on: December 02, 2016, 07:08:01 AM »
Overheard in my office building's elevator last night.

Woman: *sigh* I can't wait to retire. Well, I'm 40, so...only 27 more years, I guess.

I wanted to turn around and say, "You know that YOU decide your retirement age, right?"

RWD

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Re: Overheard at Work
« Reply #16057 on: December 02, 2016, 07:45:50 AM »
Overheard in my office building's elevator last night.

Woman: *sigh* I can't wait to retire. Well, I'm 40, so...only 27 more years, I guess.

I wanted to turn around and say, "You know that YOU decide your retirement age, right?"
I hate that mentality that your future is being determined by others.

Debts_of_Despair

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Re: Overheard at Work
« Reply #16058 on: December 02, 2016, 07:53:45 AM »
Overheard in my office building's elevator last night.

Woman: *sigh* I can't wait to retire. Well, I'm 40, so...only 27 more years, I guess.

I wanted to turn around and say, "You know that YOU decide your retirement age, right?"

My employer has a defined benefit pension plan.  Most people can tell you "how much time they have left" down to the day before they reach their full benefit.  They don't understand that there are other ways to retire sooner.

LennStar

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Re: Overheard at Work
« Reply #16059 on: December 02, 2016, 08:02:33 AM »
One of my clients today: We are looking for a new house because ours is 7 years old and things are going to start breaking.

Part of me says "Oh my..."

The other part of me says "Well, the way they're building houses so cheaply today, your clients are probably right..."
LOL
Maybe they mean the colors are getting murky?
Tell them to get a passive house build.
Maybe hard to get one in the US though. WP says you have only 13 over there. Even in those expensive area where the extra costs would be single % - not to mention the savings in energy costs.

ducky19

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Re: Overheard at Work
« Reply #16060 on: December 02, 2016, 09:50:44 AM »
Overheard in my office building's elevator last night.

Woman: *sigh* I can't wait to retire. Well, I'm 40, so...only 27 more years, I guess.

I wanted to turn around and say, "You know that YOU decide your retirement age, right?"

Had a peer of mine who is five years my junior (I'm 42) state that she's got another 27 years until she retires. All I could think was "wtf???" as she makes low six figures in a LCOL area. I'm shooting for 10-15 (depending more on whether I'm enjoying work or not at that point). I can't imagine being here for 27 more years!

BFGirl

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Re: Overheard at Work
« Reply #16061 on: December 02, 2016, 10:23:49 AM »
Overheard in my office building's elevator last night.

Woman: *sigh* I can't wait to retire. Well, I'm 40, so...only 27 more years, I guess.

I wanted to turn around and say, "You know that YOU decide your retirement age, right?"

My employer has a defined benefit pension plan.  Most people can tell you "how much time they have left" down to the day before they reach their full benefit.  They don't understand that there are other ways to retire sooner.

I can tell you down to the day.  Four years and 29 days.  But I'll get a payment for life and healthcare and I'll only be 53.  Rest of my needs will be met by savings and doing work I want to do.

Chris22

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Re: Overheard at Work
« Reply #16062 on: December 02, 2016, 10:29:33 AM »
Yeah, a defined benefit pension and healthcare really puts a different spin on the whole FI/RE thing.  That's why people in the military usually either walk away after the first tour or so, or try to stick it out to 20; if you get 10 years in, it's hard to not think "halfway to never worrying about medical and getting a decent check just for waking up every day for the rest of my life." 

Corporate plans are not quite as dependable necessarily, but still.
"If I could get all the money back I ever spent on cars, I'd spend it on cars." - Nick Mason

Ramblin' Ma'am

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Re: Overheard at Work
« Reply #16063 on: December 02, 2016, 10:35:52 AM »
Overheard in my office building's elevator last night.

Woman: *sigh* I can't wait to retire. Well, I'm 40, so...only 27 more years, I guess.

I wanted to turn around and say, "You know that YOU decide your retirement age, right?"
I hate that mentality that your future is being determined by others.

It almost seems like people think you're not "allowed" to retire before Social Security age...even aside from the question of whether you can afford it. I mean, even if she waited until 59 and then accessed her 401(k) without any tax hassles, that would still be eight years earlier than the official age.

I know I'm not going to retire as early as many on this site, but it certainly won't be at 67!

mtn

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Re: Overheard at Work
« Reply #16064 on: December 02, 2016, 10:58:08 AM »
Overheard in my office building's elevator last night.

Woman: *sigh* I can't wait to retire. Well, I'm 40, so...only 27 more years, I guess.

I wanted to turn around and say, "You know that YOU decide your retirement age, right?"
I hate that mentality that your future is being determined by others.

It almost seems like people think you're not "allowed" to retire before Social Security age...even aside from the question of whether you can afford it. I mean, even if she waited until 59 and then accessed her 401(k) without any tax hassles, that would still be eight years earlier than the official age.

I know I'm not going to retire as early as many on this site, but it certainly won't be at 67!

Reminds me of a conversation my dad was having with some friends of his... "mtndad, what is your Retirement Age" (meaning Social Security) "I'm not sure--it should be 66 for all of us, right? But I'm not taking it until they force me, so I really have no clue"

It was met with a lot of... not quite shock, but maybe mild surprise. He is probably retiring in about a year or less, as soon as his company offers him a package which he thinks is coming. I think he could have retired long ago, but he is too conservative for that.

Frugal_is_Fab

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Re: Overheard at Work
« Reply #16065 on: December 02, 2016, 07:21:31 PM »
People will "stick" with the company or government set "retirement" and the calculators reinforce that.   I recently did a financial plan for my husband's and my retirement and I had a hell of a time getting the Social Security website to give me my estimated benefit at age 62 if I quit this year (I'm 56).  The assumption is work every year up to 62 with ever increasing pay.   Finally I had to calculate it out with my whole work record and assuming 0 pay for the next six years.   Turns out I'm giving up a whopping $100 per month with this plan vs working to 62.   Would have paid the government about another 100000 in FICA tax to gain $1200 per year.   I have to live about 80 more years to make that math work.  No wonder they want you to keep slaving away.

My husband retired last month at 60.  He has a pension and his coworkers were stunned he would leave because staying 5 more years would have gotten him another $500 per month.   Granted staying 5 more years at work isn't going to get him any more life?  Do they ever think of that?

BlueHouse

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Re: Overheard at Work
« Reply #16066 on: December 02, 2016, 08:41:23 PM »
The other day at work:

I: "You have a slow cooker, food processor, and blender, right?"



I have all of these, AND an instant pot (though I'm considering ditching my slow cooker).

I bought them all and use them all.

I love my appliances, what can I say. I also have a mixer and an immersion blender and a rice cooker and.... more things. LOL. But I love them and use them all.
OMG.  It just dawned on me that I had NONE of these things (except a blender) before I started reading MMM.  These forums are getting me to spend money on kitchen appliances.  I do like the rice from rice cooker.  And I do use my slow cooker at least 2x per month (making big giant batches), which I then freeze in mason jars (which I also bought based on advice from this forum).  Now I have an instant pot on order because....the forum says it's great.   wow.  I thought you guys were helping me! 
Sometimes nothing can be a real cool hand

MgoSam

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Re: Overheard at Work
« Reply #16067 on: December 02, 2016, 09:03:31 PM »
The other day at work:

I: "You have a slow cooker, food processor, and blender, right?"



I have all of these, AND an instant pot (though I'm considering ditching my slow cooker).

I bought them all and use them all.

I love my appliances, what can I say. I also have a mixer and an immersion blender and a rice cooker and.... more things. LOL. But I love them and use them all.
OMG.  It just dawned on me that I had NONE of these things (except a blender) before I started reading MMM.  These forums are getting me to spend money on kitchen appliances.  I do like the rice from rice cooker.  And I do use my slow cooker at least 2x per month (making big giant batches), which I then freeze in mason jars (which I also bought based on advice from this forum).  Now I have an instant pot on order because....the forum says it's great.   wow.  I thought you guys were helping me!

LOL. Well, the posters here only post information, what people do with it is up to them.

I don't know how you were in your pre-MMM days, but personally I have drastically cut down on eating out which is a positive change for both monetary and health reasons.

horsepoor

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Re: Overheard at Work
« Reply #16068 on: December 02, 2016, 10:44:50 PM »
The other day at work:

I: "You have a slow cooker, food processor, and blender, right?"



I have all of these, AND an instant pot (though I'm considering ditching my slow cooker).

I bought them all and use them all.

I love my appliances, what can I say. I also have a mixer and an immersion blender and a rice cooker and.... more things. LOL. But I love them and use them all.
OMG.  It just dawned on me that I had NONE of these things (except a blender) before I started reading MMM.  These forums are getting me to spend money on kitchen appliances.  I do like the rice from rice cooker.  And I do use my slow cooker at least 2x per month (making big giant batches), which I then freeze in mason jars (which I also bought based on advice from this forum).  Now I have an instant pot on order because....the forum says it's great.   wow.  I thought you guys were helping me!

Sort of a double-edged sword:  if I was FIREd, I wouldn't need this Instant Pot.  But yeah, if it keeps us away from restaurants, it pays for itself pretty quickly.  Just made an Indian curry in mine tonight.  Yum.

Freedom Invested

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Re: Overheard at Work
« Reply #16069 on: December 03, 2016, 02:03:22 AM »
Reminds me of a conversation my dad was having with some friends of his... "mtndad, what is your Retirement Age" (meaning Social Security) "I'm not sure--it should be 66 for all of us, right? But I'm not taking it until they force me, so I really have no clue"

It was met with a lot of... not quite shock, but maybe mild surprise. He is probably retiring in about a year or less, as soon as his company offers him a package which he thinks is coming. I think he could have retired long ago, but he is too conservative for that.

This story makes me sad. My dad has been making 1/4 million+/yr for at least a decade (now 63yrs old). He has been saying for awhile that he wants to retire yet has no hobbies outside of work.

This should be a cautionary tale to us all to invest and to know how to do things other than work one job.
Compound interest, if understood and compounded with a quality education, would set us all free from debt and jobs we would rather quit.

zolotiyeruki

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Re: Overheard at Work
« Reply #16070 on: December 03, 2016, 06:50:24 AM »
This story makes me sad. My dad has been making 1/4 million+/yr for at least a decade (now 63yrs old). He has been saying for awhile that he wants to retire yet has no hobbies outside of work.

This should be a cautionary tale to us all to invest and to know how to do things other than work one job.
I have enough hobbies and interests that I could easily be occupied more than full time without a day job.  And I enjoy my job, too!

EfficiencyNerd

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Re: Overheard at Work
« Reply #16071 on: December 05, 2016, 02:52:40 PM »
Not really an overheard at work story, but I was recently looking into getting a new TV during the sales around Black Friday. I was looking into getting a super-duper huge-ass 48 inch TV. Don't care if it's smart, don't care if it's 4k because I won't sit 3 feet from it, and definitely don't want 3D. The absolute most I was going to pay was $300. I happened to be talking to my boss about it at work and he's like, "why don't you just go all-out and get a 65 inch one?"

I just kind of gawked at him for a minute before I realized my mouth was hanging open. I didn't say it, but my thought was, 48 inches is already insanely huge. The man who dies with the biggest and best toys... still dies. I'd rather enjoy life while I have it.

I know it's terribly anti-mustachian of me to be buying a brand-spanking-new TV, but this will probably be our family TV for at least a decade. It's replacing an old TV that I've replaced several parts inside already, which will move to our bedroom until it finally dies again. I would have bought a used one, but interestingly I found that most ads on Craigslist were asking more than retail. Interesting phenomenon with TV prices always dropping so rapidly....

RyanAtTanagra

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Re: Overheard at Work
« Reply #16072 on: December 05, 2016, 02:59:04 PM »
I didn't say it, but my thought was, 48 inches is already insanely huge.

Yea TV sizes have gotten ridiculous.  I have a 37" and it's plenty big but people keep telling me I should go bigger.  It's almost easier to just not have a tv at all than hear about how you should get a 'better' one.

I would have bought a used one, but interestingly I found that most ads on Craigslist were asking more than retail. Interesting phenomenon with TV prices always dropping so rapidly....

I've noticed that before too.  I think it's people not wanting to admit to themselves how fast prices have dropped since they bought it and how much money they're now out.

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Re: Overheard at Work
« Reply #16073 on: December 05, 2016, 03:26:51 PM »
I didn't say it, but my thought was, 48 inches is already insanely huge.

Yea TV sizes have gotten ridiculous.  I have a 37" and it's plenty big but people keep telling me I should go bigger.  It's almost easier to just not have a tv at all than hear about how you should get a 'better' one.

I would have bought a used one, but interestingly I found that most ads on Craigslist were asking more than retail. Interesting phenomenon with TV prices always dropping so rapidly....

I've noticed that before too.  I think it's people not wanting to admit to themselves how fast prices have dropped since they bought it and how much money they're now out.

Last year I received a 19 inch flat screen TV in a gift exchange (the kind where you're constantly trading until you get stuck).  I had no need for a second TV and right after Christmas looked to sell it on Craigslist.  The New Years Day sales undercut the price it was bought for before Christmas and the retail price for that model dropped almost 30% by the time I was able to sell it four months later.

dragoncar

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Re: Overheard at Work
« Reply #16074 on: December 05, 2016, 06:07:53 PM »
I didn't say it, but my thought was, 48 inches is already insanely huge.

Yea TV sizes have gotten ridiculous.  I have a 37" and it's plenty big but people keep telling me I should go bigger.  It's almost easier to just not have a tv at all than hear about how you should get a 'better' one.

I would have bought a used one, but interestingly I found that most ads on Craigslist were asking more than retail. Interesting phenomenon with TV prices always dropping so rapidly....

I've noticed that before too.  I think it's people not wanting to admit to themselves how fast prices have dropped since they bought it and how much money they're now out.

Last year I received a 19 inch flat screen TV in a gift exchange (the kind where you're constantly trading until you get stuck).  I had no need for a second TV and right after Christmas looked to sell it on Craigslist.  The New Years Day sales undercut the price it was bought for before Christmas and the retail price for that model dropped almost 30% by the time I was able to sell it four months later.

Had a friend try to sell his 2-year-old hot tub for 20% off MSRP.  No takers, shocker.

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Re: Overheard at Work
« Reply #16075 on: December 05, 2016, 07:58:22 PM »
My tv lives in the closet and only comes out for movies on the weekends. It really confuses friends the first time they come over for dinner and can't understand it.

gimp

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Re: Overheard at Work
« Reply #16076 on: December 05, 2016, 10:02:58 PM »
Last year I received a 19 inch flat screen TV

You mean a really shitty resolution 19 inch monitor? :)

financialfreedomsloth

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Re: Overheard at Work
« Reply #16077 on: December 06, 2016, 01:31:36 AM »
I know it's terribly anti-mustachian of me to be buying a brand-spanking-new TV, but this will probably be our family TV for at least a decade. It's replacing an old TV that I've replaced several parts inside already, which will move to our bedroom until it finally dies again. I would have bought a used one, but interestingly I found that most ads on Craigslist were asking more than retail. Interesting phenomenon with TV prices always dropping so rapidly....
This is for electronics in general. The low to mid segment has become so good that it usually is better to just buy one of those (or last years model going on sale) than look for a second hand one. How in the hell are you going to beat a fire tablet at 50 USD? or a new Moto G at 200 USD? Or a new 48 inch flat screen at 300 USD? The biggest savings are done by looking up a good value for money buy and then not updating every year! Buying a Moto G and using it for 4 years at a cheap carrier means very big savings compared to upgrade to the new iphone every two years and never looking for a cheap phone plan and will move your retirement date. Getting that Moto G at 200 USD or 180 USD: not really. It's a 5 USD savings per year over the life of the phone which means your stash could be 125 usd lower when you retire... Last month I was able to lower my call plan from 20 EURO to 15 EURO a month: that's is 60 euro a year or a reduction in stash of 1500 euro and all it took was 1 call of 2 minutes.
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boarder42

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Re: Overheard at Work
« Reply #16078 on: December 06, 2016, 07:23:09 AM »
Not really an overheard at work story, but I was recently looking into getting a new TV during the sales around Black Friday. I was looking into getting a super-duper huge-ass 48 inch TV. Don't care if it's smart, don't care if it's 4k because I won't sit 3 feet from it, and definitely don't want 3D. The absolute most I was going to pay was $300. I happened to be talking to my boss about it at work and he's like, "why don't you just go all-out and get a 65 inch one?"

I just kind of gawked at him for a minute before I realized my mouth was hanging open. I didn't say it, but my thought was, 48 inches is already insanely huge. The man who dies with the biggest and best toys... still dies. I'd rather enjoy life while I have it.

I know it's terribly anti-mustachian of me to be buying a brand-spanking-new TV, but this will probably be our family TV for at least a decade. It's replacing an old TV that I've replaced several parts inside already, which will move to our bedroom until it finally dies again. I would have bought a used one, but interestingly I found that most ads on Craigslist were asking more than retail. Interesting phenomenon with TV prices always dropping so rapidly....

got a 65in tv LED Samsung 1080p shipped to my house and setup for 80 dollars. reviews have it as the best 1080p TV ever made.  its not about what you spend your money on as much as how you can stretch that dollar for something you're looking for.
PM me about how to save 6% on your annual grocery Bill!

There is a 35k starwood bonus right now as well. PM me for the info.

runningthroughFIRE

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Re: Overheard at Work
« Reply #16079 on: December 06, 2016, 08:22:16 AM »
Last year I received a 19 inch flat screen TV

You mean a really shitty resolution 19 inch monitor? :)
This is actually what I did with my parents' old TV lol.  The fanciest thing I own is the computer I built a few years ago, and I had two 22' monitors when my Dad asked me if I wanted their old 19' or so bedroom TV.  I told him I didn't need it because I don't have cable and my monitors are nicer anyways, but it was a case of either I take it or they throw it out, so I took it.  I think he was expecting me to get cable if I had an actual TV, but I just use it as a third monitor.

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Re: Overheard at Work
« Reply #16080 on: December 06, 2016, 08:23:42 AM »
One of my clients today: We are looking for a new house because ours is 7 years old and things are going to start breaking.

Maybe they are like some of the people on YouTube who treat their homes like a circus tent?

MgoSam

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Re: Overheard at Work
« Reply #16081 on: December 06, 2016, 08:28:00 AM »
I didn't say it, but my thought was, 48 inches is already insanely huge.

Yea TV sizes have gotten ridiculous.  I have a 37" and it's plenty big but people keep telling me I should go bigger.  It's almost easier to just not have a tv at all than hear about how you should get a 'better' one.

I would have bought a used one, but interestingly I found that most ads on Craigslist were asking more than retail. Interesting phenomenon with TV prices always dropping so rapidly....

I've noticed that before too.  I think it's people not wanting to admit to themselves how fast prices have dropped since they bought it and how much money they're now out.

Last year I received a 19 inch flat screen TV in a gift exchange (the kind where you're constantly trading until you get stuck).  I had no need for a second TV and right after Christmas looked to sell it on Craigslist.  The New Years Day sales undercut the price it was bought for before Christmas and the retail price for that model dropped almost 30% by the time I was able to sell it four months later.

Had a friend try to sell his 2-year-old hot tub for 20% off MSRP.  No takers, shocker.

I'd be impressed if he managed to sell it. He likely got a good ROI if he'd been able to use it for 2 years for only 20% MSRP.

EfficiencyNerd

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Re: Overheard at Work
« Reply #16082 on: December 06, 2016, 09:32:14 AM »
Last year I received a 19 inch flat screen TV

You mean a really shitty resolution 19 inch monitor? :)
This is actually what I did with my parents' old TV lol.  The fanciest thing I own is the computer I built a few years ago, and I had two 22' monitors when my Dad asked me if I wanted their old 19' or so bedroom TV.  I told him I didn't need it because I don't have cable and my monitors are nicer anyways, but it was a case of either I take it or they throw it out, so I took it.  I think he was expecting me to get cable if I had an actual TV, but I just use it as a third monitor.

HA, that's great. A dual or triple screen set up can be really handy. Much better use for a third screen than buying cable, IMHO.

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Re: Overheard at Work
« Reply #16083 on: December 06, 2016, 10:04:09 AM »
Reminds me of a conversation my dad was having with some friends of his... "mtndad, what is your Retirement Age" (meaning Social Security) "I'm not sure--it should be 66 for all of us, right? But I'm not taking it until they force me, so I really have no clue"

It was met with a lot of... not quite shock, but maybe mild surprise. He is probably retiring in about a year or less, as soon as his company offers him a package which he thinks is coming. I think he could have retired long ago, but he is too conservative for that.

This story makes me sad. My dad has been making 1/4 million+/yr for at least a decade (now 63yrs old). He has been saying for awhile that he wants to retire yet has no hobbies outside of work.

This should be a cautionary tale to us all to invest and to know how to do things other than work one job.

Just wanted to note that my dads point was he didn't need the Social Security, and he won't take it until the government forces him to at age 70. He will be retiring either in a couple months when he's laid off, or if he's not laid off, in about 1.5 years when he hits his original goal.

Freedom Invested

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Re: Overheard at Work
« Reply #16084 on: December 06, 2016, 11:18:23 AM »
Reminds me of a conversation my dad was having with some friends of his... "mtndad, what is your Retirement Age" (meaning Social Security) "I'm not sure--it should be 66 for all of us, right? But I'm not taking it until they force me, so I really have no clue"

It was met with a lot of... not quite shock, but maybe mild surprise. He is probably retiring in about a year or less, as soon as his company offers him a package which he thinks is coming. I think he could have retired long ago, but he is too conservative for that.

This story makes me sad. My dad has been making 1/4 million+/yr for at least a decade (now 63yrs old). He has been saying for awhile that he wants to retire yet has no hobbies outside of work.

This should be a cautionary tale to us all to invest and to know how to do things other than work one job.

Just wanted to note that my dads point was he didn't need the Social Security, and he won't take it until the government forces him to at age 70. He will be retiring either in a couple months when he's laid off, or if he's not laid off, in about 1.5 years when he hits his original goal.

Ah, I see your point now and why they were surprised. Thanks, I guess I was so fixated on the age of working that I missed the context. :) Definitely won't be working for that long myself.
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MgoSam

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Re: Overheard at Work
« Reply #16085 on: December 06, 2016, 11:57:02 AM »
Reminds me of a conversation my dad was having with some friends of his... "mtndad, what is your Retirement Age" (meaning Social Security) "I'm not sure--it should be 66 for all of us, right? But I'm not taking it until they force me, so I really have no clue"

It was met with a lot of... not quite shock, but maybe mild surprise. He is probably retiring in about a year or less, as soon as his company offers him a package which he thinks is coming. I think he could have retired long ago, but he is too conservative for that.

This story makes me sad. My dad has been making 1/4 million+/yr for at least a decade (now 63yrs old). He has been saying for awhile that he wants to retire yet has no hobbies outside of work.

This should be a cautionary tale to us all to invest and to know how to do things other than work one job.

Just wanted to note that my dads point was he didn't need the Social Security, and he won't take it until the government forces him to at age 70. He will be retiring either in a couple months when he's laid off, or if he's not laid off, in about 1.5 years when he hits his original goal.

Ah, I see your point now and why they were surprised. Thanks, I guess I was so fixated on the age of working that I missed the context. :) Definitely won't be working for that long myself.

Yeah this is a concern for my dad as well. He has enough to easily retire but he has no outside hobbies and few real friends.

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Re: Overheard at Work
« Reply #16086 on: December 06, 2016, 02:22:11 PM »
Last year I received a 19 inch flat screen TV

You mean a really shitty resolution 19 inch monitor? :)

Nope, this was an actual bona fide television, not a computer monitor.  I assume it's the kind people put on their kitchen counter or something like that.  The guy who finally bought it from me does some kind of cable repair service and was going to use it as an in-home test/demo kit.

Chris22

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Re: Overheard at Work
« Reply #16087 on: December 06, 2016, 02:37:53 PM »
Last year I received a 19 inch flat screen TV

You mean a really shitty resolution 19 inch monitor? :)

Nope, this was an actual bona fide television, not a computer monitor.  I assume it's the kind people put on their kitchen counter or something like that.  The guy who finally bought it from me does some kind of cable repair service and was going to use it as an in-home test/demo kit.

Yeah, I have a 19" TV in my kitchen.  Have a switch behind it to toggle between the feed from the living room TV or the basement TV.  Mostly use it for watching sports or the news while cooking or cleaning up meals.  My wife got it to use in her dorm room like 12 years ago.  Works great.
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mustachepungoeshere

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Re: Overheard at Work
« Reply #16088 on: December 07, 2016, 02:37:06 AM »
Team discussing power bills...

Dude A: I hate paying my power bill; it's usually $500/quarter.

Dude B: Mine's $1500.

Dude A: That seems high...

Dude B: I keep the AC on all the time. It's easier than opening and closing windows.

(For comparison, mine is about $200.)

zolotiyeruki

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Re: Overheard at Work
« Reply #16089 on: December 07, 2016, 08:35:28 AM »
Team discussing power bills...

Dude A: I hate paying my power bill; it's usually $500/quarter.

Dude B: Mine's $1500.

Dude A: That seems high...

Dude B: I keep the AC on all the time. It's easier than opening and closing windows.

(For comparison, mine is about $200.)
Wow, he's paying $10/day so that he doesn't have to open and close windows!?

Kitsune

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Re: Overheard at Work
« Reply #16090 on: December 07, 2016, 08:41:35 AM »
Team discussing power bills...

Dude A: I hate paying my power bill; it's usually $500/quarter.

Dude B: Mine's $1500.

Dude A: That seems high...

Dude B: I keep the AC on all the time. It's easier than opening and closing windows.

(For comparison, mine is about $200.)
Wow, he's paying $10/day so that he doesn't have to open and close windows!?


Dude. DUDE. That's more than I pay for power YEARLY, and I'm including electricity and wood heat for Quebec winters in that number. Like, DUDE. Shape up.

powersuitrecall

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Re: Overheard at Work
« Reply #16091 on: December 07, 2016, 10:08:04 AM »
The Christmas present buying orgy had begun around my workplace. 

Most people are reasonable, but there's this one guy ... he's building one kid adult child a $5K desktop computer, and the other is getting a karaoke machine.  He's buying himself a VR headset and some software to go with it.  His wife is getting an iPad with accessories. 

Everything goes on the HELOC, which he manages to keep pinned at around $450K.

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Re: Overheard at Work
« Reply #16092 on: December 07, 2016, 10:28:01 AM »
I have a follow up to a much earlier post of mine on how people refuse to drink the free coffee provided at work. Some people just prefer paying for starbucks or other brand instead of green mountain I guess.

As a stipulation of the free coffee, my company provides 12 oz cups for use, but really encourages people to buy and use reusable cups (of any size). There are a number of people that don't have reusable cups and I assume feel the 12 oz cups are too small. Note that you can get unlimited refills. These people instead walk to the other side of the cafe, grab a 20oz soft-drink cup, and pay $1.10.

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Re: Overheard at Work
« Reply #16093 on: December 07, 2016, 11:22:45 AM »
he's building one kid adult child a $5K desktop computer
What in the what?  I'm going pretty balls-to-the-walls with putting together a new desktop PC (that she actually needs for her work) for my GF after Kaby Lake and Z270 drop in January, and it'll wind up being like $2500 at the absolutely most...

powersuitrecall

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Re: Overheard at Work
« Reply #16094 on: December 07, 2016, 11:30:31 AM »
he's building one kid adult child a $5K desktop computer
What in the what?  I'm going pretty balls-to-the-walls with putting together a new desktop PC (that she actually needs for her work) for my GF after Kaby Lake and Z270 drop in January, and it'll wind up being like $2500 at the absolutely most...

It's a gaming computer so it needs to be super-duper.  He did the same thing 2-3 years ago - time for an upgrade!

MgoSam

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Re: Overheard at Work
« Reply #16095 on: December 07, 2016, 11:35:09 AM »
he's building one kid adult child a $5K desktop computer
What in the what?  I'm going pretty balls-to-the-walls with putting together a new desktop PC (that she actually needs for her work) for my GF after Kaby Lake and Z270 drop in January, and it'll wind up being like $2500 at the absolutely most...

It's a gaming computer so it needs to be super-duper.  He did the same thing 2-3 years ago - time for an upgrade!

Isn't the benefit of building a desktop computer that you can easily upgrade the parts in it, rather than needing to start from scratch?

arebelspy

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Re: Overheard at Work
« Reply #16096 on: December 07, 2016, 12:09:05 PM »
And a lot of the expense is monitors, which should still be good.
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MrMoogle

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Re: Overheard at Work
« Reply #16097 on: December 07, 2016, 12:10:53 PM »
he's building one kid adult child a $5K desktop computer
What in the what?  I'm going pretty balls-to-the-walls with putting together a new desktop PC (that she actually needs for her work) for my GF after Kaby Lake and Z270 drop in January, and it'll wind up being like $2500 at the absolutely most...

It's a gaming computer so it needs to be super-duper.  He did the same thing 2-3 years ago - time for an upgrade!

Isn't the benefit of building a desktop computer that you can easily upgrade the parts in it, rather than needing to start from scratch?
Here I was, feeling guilty about spending almost $1k on my gaming desktop.  I guess some people just need to view every game out in the highest setting possible, where I don't mind playing in the lowest setting.

mm1970

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Re: Overheard at Work
« Reply #16098 on: December 07, 2016, 12:13:06 PM »
The Christmas present buying orgy had begun around my workplace. 

Most people are reasonable, but there's this one guy ... he's building one kid adult child a $5K desktop computer, and the other is getting a karaoke machine.  He's buying himself a VR headset and some software to go with it.  His wife is getting an iPad with accessories. 

Everything goes on the HELOC, which he manages to keep pinned at around $450K.

I just dropped thirty large on my  husband for new bike lights that go on your spokes.  We bike in the dark 2x a week.  (That's obv 30 bucks)

LennStar

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Re: Overheard at Work
« Reply #16099 on: December 07, 2016, 12:15:53 PM »
he's building one kid adult child a $5K desktop computer
What in the what?  I'm going pretty balls-to-the-walls with putting together a new desktop PC (that she actually needs for her work) for my GF after Kaby Lake and Z270 drop in January, and it'll wind up being like $2500 at the absolutely most...
I am waiting for the Zen. Using it for the gaming machine (already got an RX470, more then fast enough for me). And for donating computing power to BOINC. Thats my rationalisation for the splurge ^^ Wont get more expensive then 1000€ all together I hope.

I have seen someone using several older blade servers as a heating. He has to heat with electricity anyway, so he figured he could use the things his firm no longer needs to heat the room and make some money out of it through Cryptocurrencies.