Author Topic: Overheard at Work  (Read 6415105 times)

mustachepungoeshere

  • Handlebar Stache
  • *****
  • Posts: 1891
  • Location: Sydney, Oz
Re: Overheard at Work
« Reply #17900 on: June 18, 2017, 02:25:16 AM »


(Because their advice is the problem, not the fact that she spends less than she earns.)

If THAT'S the problem, I would probably be offended as well.



Mea culpa!

Spends more than she earns.

paddedhat

  • Handlebar Stache
  • *****
  • Posts: 2238
Re: Overheard at Work
« Reply #17901 on: June 18, 2017, 07:59:00 AM »
Buy the BMW with the biggest number you can afford, to show how far you've made it.

Well you don't want your friends and neighbors to think you're poor, do you? Better make yourself poor to make sure they don't think you are!

The DW and I FIREd on a sweet income stream, with a pile of Vanguard Cheddar that would cause most of our friends and relatives to shit a brick, if they knew the truth. We drive a base model CRV with painted steel rims, decorated with a green patina of pollen and a few bird shit accents. The interior features random bits of wood chips, a set of jumper cables and floor mats that frequently feature a light glaze of horse poop. I love it. It's the ultimate stealth. I look at the neighbors who can barely afford the five series bimmer and the $35K VW, and I just smile. I hope they look at us and wonder if we are just squeaking by in retirement, LOL.

BuffaloStache

  • Pencil Stache
  • ****
  • Posts: 547
  • Location: Colorado
Re: Overheard at Work
« Reply #17902 on: June 18, 2017, 01:25:53 PM »
Not overheard but more of an observation: Our parking lot has a half dozen or so leased BMW 3-series.  All of them bought leased soley for impressing co-workers.  No *ucks given by me as I rolled in past them on my bike.

At my work there are a LOT of Tesla's in the parking lot most of these are owned by people with a pretty high income.

Even one of the guys who cycles almost every day owns a Tesla.

I would give a Tesla driver more credit than these people.  They bought these cars for one thing: the BMW badge.  Yes, I get that there are some BMW drivers who actually appreciate the car for what it is but these people are not them.  A 3-series with low end engine and auto tranny is strictly for posers trying to impress others.

Tesla owners are showing off image at least as much as BMW owners just in different ways; Tesla owners are either virtue signaling (environment, etc) or are driving the most conspicuous trendy "startup gadget" there is. 

Don't get me wrong, they're cool cars and I'd love to have one, but you're silly if you think a Tesla Model S isn't the BMW 5-series status symbol of the modern day.  It completely is.

This. A Tesla-badge exists just like a BMW-badge, even if they are a completely different color.
"As a cure for worrying, work is better than whisky." -Thomas Edison

My Log | Take surveys as a side-hustle! Use my referral link

tyort1

  • Handlebar Stache
  • *****
  • Posts: 1681
  • Age: 45
  • Location: Denver, Colorado
Re: Overheard at Work
« Reply #17903 on: June 18, 2017, 03:33:29 PM »
I should add that here in Norway electrical cars are heavily sponsored by the government.

aka, your neighbors are all subsidizing your decision to own one. Not sure how I'd feel about that..

Probably the same way that you feel about all government subsidies, I would imagine.
Frugalite in training.

nouveauRiche

  • Bristles
  • ***
  • Posts: 308
  • Location: HCOL - USA
Re: Overheard at Work
« Reply #17904 on: June 19, 2017, 10:01:01 AM »
I figured I'd try Mustachianism for a few years on the basis that I could always spend money I had already saved but couldn't save money I had already spent.

New MMM motto?

MgoSam

  • Magnum Stache
  • ******
  • Posts: 3502
  • Location: Minnesota
Re: Overheard at Work
« Reply #17905 on: June 19, 2017, 10:38:43 AM »

Numbers like this were a huge sell on Mustachianism for me.....
 I figured I'd try Mustachianism for a few years on the basis that I could always spend money I had already saved but couldn't save money I had already spent.

Yup, same here! Over the weekend I had a ton of family in town and was talking to my cousin's wife. That cousin is more like a brother to me than my actual brother and we are quite close but man is he a spender. He's finishing up his residency so he'll have the income and he has said that he plans to live within it, but his wife was curious when I told her that I plan to retire in 10 years.

She was asking (out of curiosity, not to create doubt) about what I would do if I didn't have enough. "I would keep earning more until I did," and then I added, "the way I see it, if I'd rather have the money saved up than not."

At this cousin's bachelor party 2 years ago (we rented a cabin up north and just boozed for a weekend) he did ask how much I have saved up and when I told him he nearly spat out his coffee and had a huge smile on his face and told me, "I'm so proud of me!"

infogoon

  • Pencil Stache
  • ****
  • Posts: 833
Re: Overheard at Work
« Reply #17906 on: June 19, 2017, 10:58:17 AM »
O look another person throwing out terms like "nanny state" instead of deciding to have a more meaningful discussion. This is just what I LOVE about the internet. /s

A (Facebook) friend of mine responds to all financial columns with, "Another old white guy telling me what to do with my money. *rolls eyes*"

I don't remember the exact context -- I think it was one of the "avocado toast" episodes -- but a younger friend of mine told me that he doesn't know anyone who trusts the financial sector any more. I told him that investing in index funds is basically just betting that the greedheads on Wall Street will find a way to keep making money, and doesn't that seem likely?

Dave1442397

  • Pencil Stache
  • ****
  • Posts: 596
  • Location: NJ
Re: Overheard at Work
« Reply #17907 on: June 19, 2017, 11:23:36 AM »
O look another person throwing out terms like "nanny state" instead of deciding to have a more meaningful discussion. This is just what I LOVE about the internet. /s

A (Facebook) friend of mine responds to all financial columns with, "Another old white guy telling me what to do with my money. *rolls eyes*"

I don't remember the exact context -- I think it was one of the "avocado toast" episodes -- but a younger friend of mine told me that he doesn't know anyone who trusts the financial sector any more. I told him that investing in index funds is basically just betting that the greedheads on Wall Street will find a way to keep making money, and doesn't that seem likely?

Exactly, and when (if) Wall Street crashes, it's going to affect you whether you had stocks or not. Even if you kept your money in a mattress, you could end up in a situation like Germany in 1923, when the value of a one-mark gold piece was equivalent to a trillion paper marks.

craiglepaige

  • Pencil Stache
  • ****
  • Posts: 819
  • Location: Ohio
Re: Overheard at Work
« Reply #17908 on: June 19, 2017, 12:13:54 PM »

Exactly, and when (if) Wall Street crashes, it's going to affect you whether you had stocks or not. Even if you kept your money in a mattress, you could end up in a situation like Germany in 1923, when the value of a one-mark gold piece was equivalent to a trillion paper marks.

A coworker told me a few weeks ago that he doesn't trust the stock market but he's debating on whether to buy gold or not.  I was dumbfounded.

How can you trust a piece of metal that won't do anything but sit there looking shiny, but you can't trust companies which whole existence is to make a profit by any means necessary? Like, wtf is gold going to do for you if the market completely collapses? 

As I told people before, if the market goes under, like really goes completely under, then money/gold/silver won't mean a thing. At that point the only things to worry about is food, water and bullets.
-The conqueror will always become a slave to his conquest.

- Eres Un Esclavo Financiero
https://youtu.be/GO1Fsp4cUTQ

Alim Nassor

  • Stubble
  • **
  • Posts: 164
Re: Overheard at Work
« Reply #17909 on: June 19, 2017, 12:29:13 PM »

Exactly, and when (if) Wall Street crashes, it's going to affect you whether you had stocks or not. Even if you kept your money in a mattress, you could end up in a situation like Germany in 1923, when the value of a one-mark gold piece was equivalent to a trillion paper marks.


As I told people before, if the market goes under, like really goes completely under, then money/gold/silver won't mean a thing. At that point the only things to worry about is food, water and bullets.

Money and gold are not the same thing.

craiglepaige

  • Pencil Stache
  • ****
  • Posts: 819
  • Location: Ohio
Re: Overheard at Work
« Reply #17910 on: June 19, 2017, 12:37:17 PM »

Exactly, and when (if) Wall Street crashes, it's going to affect you whether you had stocks or not. Even if you kept your money in a mattress, you could end up in a situation like Germany in 1923, when the value of a one-mark gold piece was equivalent to a trillion paper marks.


As I told people before, if the market goes under, like really goes completely under, then money/gold/silver won't mean a thing. At that point the only things to worry about is food, water and bullets.

Money and gold are not the same thing.




I never said they were.
« Last Edit: June 19, 2017, 12:42:48 PM by craiglepaige »
-The conqueror will always become a slave to his conquest.

- Eres Un Esclavo Financiero
https://youtu.be/GO1Fsp4cUTQ

Kitsune

  • Handlebar Stache
  • *****
  • Posts: 1553
Re: Overheard at Work
« Reply #17911 on: June 19, 2017, 01:17:43 PM »

Exactly, and when (if) Wall Street crashes, it's going to affect you whether you had stocks or not. Even if you kept your money in a mattress, you could end up in a situation like Germany in 1923, when the value of a one-mark gold piece was equivalent to a trillion paper marks.

A coworker told me a few weeks ago that he doesn't trust the stock market but he's debating on whether to buy gold or not.  I was dumbfounded.

How can you trust a piece of metal that won't do anything but sit there looking shiny, but you can't trust companies which whole existence is to make a profit by any means necessary? Like, wtf is gold going to do for you if the market completely collapses? 

As I told people before, if the market goes under, like really goes completely under, then money/gold/silver won't mean a thing. At that point the only things to worry about is food, water and bullets.

I mean, I don't have a huge amount of faith in the market either? But it seems like a better way to ensure that you can still feed your family and acquire basic good would be to develop valuable skills that would be useful in whatever kind of scenario you're afraid of. Gold ain't gonna feed you, but plumbing knowledge or chickens in the backyard might help a wee bit more.

Alim Nassor

  • Stubble
  • **
  • Posts: 164
Re: Overheard at Work
« Reply #17912 on: June 19, 2017, 01:48:52 PM »

Exactly, and when (if) Wall Street crashes, it's going to affect you whether you had stocks or not. Even if you kept your money in a mattress, you could end up in a situation like Germany in 1923, when the value of a one-mark gold piece was equivalent to a trillion paper marks.


As I told people before, if the market goes under, like really goes completely under, then money/gold/silver won't mean a thing. At that point the only things to worry about is food, water and bullets.

Money and gold are not the same thing.




I never said they were.

I guess I misunderstood what you meant.

mm1970

  • Magnum Stache
  • ******
  • Posts: 4816
Re: Overheard at Work
« Reply #17913 on: June 19, 2017, 02:38:56 PM »

Exactly, and when (if) Wall Street crashes, it's going to affect you whether you had stocks or not. Even if you kept your money in a mattress, you could end up in a situation like Germany in 1923, when the value of a one-mark gold piece was equivalent to a trillion paper marks.

A coworker told me a few weeks ago that he doesn't trust the stock market but he's debating on whether to buy gold or not.  I was dumbfounded.

How can you trust a piece of metal that won't do anything but sit there looking shiny, but you can't trust companies which whole existence is to make a profit by any means necessary? Like, wtf is gold going to do for you if the market completely collapses? 

As I told people before, if the market goes under, like really goes completely under, then money/gold/silver won't mean a thing. At that point the only things to worry about is food, water and bullets.
Depends on the gold.  We really like using the five 9's in semiconductors...oh the days when I'd need to borrow some when we ran out, walking across a parking lot with $40,000 worth of gold in my pocket.

MinnieAG

  • 5 O'Clock Shadow
  • *
  • Posts: 19
  • Location: Minnesota
Re: Overheard at Work
« Reply #17914 on: June 19, 2017, 08:42:16 PM »
My coworker recently launched a "Go Fund Me" page -- she claims that she and her family will lose their house without help from fundraising.

This is the same lady who walks into the office a few times per week with Starbucks and eats fast food almost every day for lunch. She has her hair colored and cut at a premiere salon nearby... running at least $150 each visit. Worst of all?? They recently decided to have another child and are due this fall.

What????????

theadvicist

  • Handlebar Stache
  • *****
  • Posts: 1448
Re: Overheard at Work
« Reply #17915 on: June 20, 2017, 03:24:44 AM »
My coworker recently launched a "Go Fund Me" page -- she claims that she and her family will lose their house without help from fundraising.

This is the same lady who walks into the office a few times per week with Starbucks and eats fast food almost every day for lunch. She has her hair colored and cut at a premiere salon nearby... running at least $150 each visit. Worst of all?? They recently decided to have another child and are due this fall.

What????????

I read these stories and I honestly don't know how you people don't say something. Is it a cultural thing? If someone asked me for money to 'save their house' whilst drinking a takeaway coffee I would literally look them in the eye, blink, and say, "are you kidding me? You think you might lose your house, you have a kid on the way, and you can afford coffee?".

I am quite blunt. But (assuming you are in the States, just because of sheer numbers), we Brits are normally quite reserved about commenting on other people. Yet in the States recently on 10 day holiday TWO different strangers told me I was walking too slow*.

People there seemed (in my brief interactions) happy to tell off perfect strangers, which, in all my life, I've never come across here. Sure, I've rolled my eyes at people walking slowly, and I'm sure people have done it about me. But no-one has tapped me on the shoulder and actually *told* me I'm doing something wrong on the street.

Yet, with people I know, doing crazy things, I would definitely say something.

I don't know if this is an interesting social observation, or anecdata gone wrong. So strange to me that you don't all say "WTF?" to their face. Or do you?

*I'm pregnant with twins. I'm going as fast as I can! And I'm sticking to the very edge of buildings, so please, just go around me. I'm not waddling down the middle taking up the whole sidewalk, I'm deliberately trying to stay out of people's way. I know I'm slow, I'm in pain and it's annoying me too! /rant

paddedhat

  • Handlebar Stache
  • *****
  • Posts: 2238
Re: Overheard at Work
« Reply #17916 on: June 20, 2017, 05:33:36 AM »
I am quite blunt. But (assuming you are in the States, just because of sheer numbers), we Brits are normally quite reserved about commenting on other people. Yet in the States recently on 10 day holiday TWO different strangers told me I was walking too slow*.

People there seemed (in my brief interactions) happy to tell off perfect strangers, which, in all my life, I've never come across here. Sure, I've rolled my eyes at people walking slowly, and I'm sure people have done it about me. But no-one has tapped me on the shoulder and actually *told* me I'm doing something wrong on the street.

Yet, with people I know, doing crazy things, I would definitely say something.

I don't know if this is an interesting social observation, or anecdata gone wrong. So strange to me that you don't all say "WTF?" to their face. Or do you?

*I'm pregnant with twins. I'm going as fast as I can! And I'm sticking to the very edge of buildings, so please, just go around me. I'm not waddling down the middle taking up the whole sidewalk, I'm deliberately trying to stay out of people's way. I know I'm slow, I'm in pain and it's annoying me too! /rant

Being a self absorbed asshole is a regional thing here in the states. For example, my wife barely walks successfully, using a cane. She is totally paralysed on one side due to a stroke. In the two decades following the stroke, while living in an exurb of NYC.On at least four or five occasions, she was rammed with shopping carts while grocery shopping. One hit was even violent enough that she lost her balance and caught herself as she was falling.  OTOH, while grocery shopping in Asheville NC,  in one trip she had four different people offer to assist her with everything from pushing her cart to reaching items.

 We left the NYC area a few years back. As you can imagine I miss it like  somebody would miss a raging Herpes infection.

theadvicist

  • Handlebar Stache
  • *****
  • Posts: 1448
Re: Overheard at Work
« Reply #17917 on: June 20, 2017, 05:52:09 AM »
Confirmation bias being strong, paddedhat, your story has stoked my fire - I was in Philadelphia and NYC. I've spent a lot of time in the States, but never walking this slowly, so I can't really compare to other regions! Although (more confirmation bias) I did once lie down on a bench in an exhibit in Nashville TN (you can guess why... I was hungover) and within seconds about 4 people were asking if I was ok and needed assistance. I actually sat up because I was so embarrassed people were making a fuss of me. My husband had just wandered off to look at something else and was happy to leave me be!

I'm still intrigued as to whether people say anything to the people doing crazy things money-wise. I wonder if people are more restrained because it's 'overheard at WORK'? I guess I would be politer (but only marginally) with a co-worker than a friend or family member.

Vindicated

  • Handlebar Stache
  • *****
  • Posts: 1135
  • Age: 33
  • Location: Indianapolis
Re: Overheard at Work
« Reply #17918 on: June 20, 2017, 06:36:44 AM »
I read these stories and I honestly don't know how you people don't say something. Is it a cultural thing?

On several occasions, when a coworker told me about their extravagant night out at bars and casinos, I've responded, "Oh, do you want me to do the math to see how much that delayed your retirement?"

But this is a coworker that knows I'm frugal, and we give each other a hard time about each other's lifestyles in a friendly manner.

So, I think it really depends on the relationship you have with the person, and if you know they won't be insulted.  I wouldn't say the same thing to 95% of the other coworkers here.
My MMM Journal: https://forum.mrmoneymustache.com/journals/my-almost-perfect-life-experience/

"Remember that sometimes not getting what you want is a wonderful stroke of luck. - Dalai Lama

ingrownstudentloans

  • Stubble
  • **
  • Posts: 168
  • Age: 31
  • Location: Nashville, TN
Re: Overheard at Work
« Reply #17919 on: June 20, 2017, 06:48:18 AM »
CAlthough (more confirmation bias) I did once lie down on a bench in an exhibit in Nashville TN (you can guess why... I was hungover) and within seconds about 4 people were asking if I was ok and needed assistance.

Glad to hear you enjoyed yourself in my (adopted) town.  As a recovering Yankee who spent some time in South Florida, I can say, they people in Nashville are great  Y'all come back now!

MinnieAG

  • 5 O'Clock Shadow
  • *
  • Posts: 19
  • Location: Minnesota
Re: Overheard at Work
« Reply #17920 on: June 20, 2017, 06:51:13 AM »
My coworker recently launched a "Go Fund Me" page -- she claims that she and her family will lose their house without help from fundraising.

This is the same lady who walks into the office a few times per week with Starbucks and eats fast food almost every day for lunch. She has her hair colored and cut at a premiere salon nearby... running at least $150 each visit. Worst of all?? They recently decided to have another child and are due this fall.

What????????

I read these stories and I honestly don't know how you people don't say something. Is it a cultural thing? If someone asked me for money to 'save their house' whilst drinking a takeaway coffee I would literally look them in the eye, blink, and say, "are you kidding me? You think you might lose your house, you have a kid on the way, and you can afford coffee?".

I am quite blunt. But (assuming you are in the States, just because of sheer numbers), we Brits are normally quite reserved about commenting on other people. Yet in the States recently on 10 day holiday TWO different strangers told me I was walking too slow*.

People there seemed (in my brief interactions) happy to tell off perfect strangers, which, in all my life, I've never come across here. Sure, I've rolled my eyes at people walking slowly, and I'm sure people have done it about me. But no-one has tapped me on the shoulder and actually *told* me I'm doing something wrong on the street.

Yet, with people I know, doing crazy things, I would definitely say something.

I don't know if this is an interesting social observation, or anecdata gone wrong. So strange to me that you don't all say "WTF?" to their face. Or do you?

*I'm pregnant with twins. I'm going as fast as I can! And I'm sticking to the very edge of buildings, so please, just go around me. I'm not waddling down the middle taking up the whole sidewalk, I'm deliberately trying to stay out of people's way. I know I'm slow, I'm in pain and it's annoying me too! /rant

I'm from Minnesota, and generally I would say that most people here fit the "Minnesota Nice" stereotype. I would NEVER say something to her face, even if she was a close friend. However, I'll complain about in on MMM and laugh about it with my husband! :)

theadvicist

  • Handlebar Stache
  • *****
  • Posts: 1448
Re: Overheard at Work
« Reply #17921 on: June 20, 2017, 06:55:05 AM »

I'm from Minnesota, and generally I would say that most people here fit the "Minnesota Nice" stereotype. I would NEVER say something to her face, even if she was a close friend. However, I'll complain about in on MMM and laugh about it with my husband! :)

Ha ha, obviously I'm very glad you share them here! And I am in awe of your restraint (and lolling at Minnesota Nice).

merula

  • Pencil Stache
  • ****
  • Posts: 850
Re: Overheard at Work
« Reply #17922 on: June 20, 2017, 08:16:22 AM »

I'm from Minnesota, and generally I would say that most people here fit the "Minnesota Nice" stereotype. I would NEVER say something to her face, even if she was a close friend. However, I'll complain about in on MMM and laugh about it with my husband! :)

Ha ha, obviously I'm very glad you share them here! And I am in awe of your restraint (and lolling at Minnesota Nice).

To clarify, from another Minnesotan, "Minnesota Nice" is NOT NICE. Sure, it means that you won't say mean things directly to people's faces, but it always includes the talking about the thing behind someone's back. (In MinneAG's example, that's the MMM/husband part.)

Also note, if someone from Minnesota tells you "Oh, that's...interesting", the thing is not interesting, it's stupid. This is often misunderstood, like when people from outside the South think "Bless his heart" is a nice thing to say.

MgoSam

  • Magnum Stache
  • ******
  • Posts: 3502
  • Location: Minnesota
Re: Overheard at Work
« Reply #17923 on: June 20, 2017, 08:28:16 AM »

I'm from Minnesota, and generally I would say that most people here fit the "Minnesota Nice" stereotype. I would NEVER say something to her face, even if she was a close friend. However, I'll complain about in on MMM and laugh about it with my husband! :)

Ha ha, obviously I'm very glad you share them here! And I am in awe of your restraint (and lolling at Minnesota Nice).

To clarify, from another Minnesotan, "Minnesota Nice" is NOT NICE. Sure, it means that you won't say mean things directly to people's faces, but it always includes the talking about the thing behind someone's back. (In MinneAG's example, that's the MMM/husband part.)

Also note, if someone from Minnesota tells you "Oh, that's...interesting", the thing is not interesting, it's stupid. This is often misunderstood, like when people from outside the South think "Bless his heart" is a nice thing to say.

Another Minnesotan chiming in, another phrase I'll hear from time to time is, "Well that's different," which translates to meaning, "It SUCKS!" I personally don't like the MN Nice as it is way too passive aggressive for my taste.

craiglepaige

  • Pencil Stache
  • ****
  • Posts: 819
  • Location: Ohio
Re: Overheard at Work
« Reply #17924 on: June 20, 2017, 08:38:13 AM »
My 27yo co-worker, who I consider a good friend, called me over to help him with his 401k - yay. He's on pace to make $65k+ in a LCOL area - double yay.

Well so far, due to his payment system (salary plus commission) and the fact he's only contributing the minimum, he has put $1400 into his plan for the whole year. Even sadder was that he thought he was doing great.  He has about $7k in it and has been making over $45k a year for the past 5-6yrs with only a 6.6% return in one of the predetermined options.

He has no idea how 401k's work. How the stock market works (I'm not an expert but I try to learn) nor how much it will help him in the long run to put in as much as possible. I tried to get him to go from the 4% he's at, to at least a 7% and then continue to up it in 2-3% increments. He laughed his ass off and said that wasn't going to happen since he was thinking of buying a motorcycle since he just sold his old one.

I smiled and punched him on the arm and told him not to bother me with financial shit until he was ready and went back to work.
-The conqueror will always become a slave to his conquest.

- Eres Un Esclavo Financiero
https://youtu.be/GO1Fsp4cUTQ

cheapass

  • Pencil Stache
  • ****
  • Posts: 503
  • Location: Dallas, Texas
  • On track for FIRE @ 40
Re: Overheard at Work
« Reply #17925 on: June 20, 2017, 08:54:08 AM »
My 27yo co-worker, who I consider a good friend, called me over to help him with his 401k - yay. He's on pace to make $65k+ in a LCOL area - double yay.

Well so far, due to his payment system (salary plus commission) and the fact he's only contributing the minimum, he has put $1400 into his plan for the whole year. Even sadder was that he thought he was doing great.  He has about $7k in it and has been making over $45k a year for the past 5-6yrs with only a 6.6% return in one of the predetermined options.

He has no idea how 401k's work. How the stock market works (I'm not an expert but I try to learn) nor how much it will help him in the long run to put in as much as possible. I tried to get him to go from the 4% he's at, to at least a 7% and then continue to up it in 2-3% increments. He laughed his ass off and said that wasn't going to happen since he was thinking of buying a motorcycle since he just sold his old one.

I smiled and punched him on the arm and told him not to bother me with financial shit until he was ready and went back to work.

If you really want to help him, help him understand the concept of opportunity cost. i.e. if I invest an extra $X/month that's Y years I don't have to work on the back-end of my career when I'm old and tired... or, maybe it's better to think about it in terms of "if I spend $X/month on stupid shit that's an extra Y years I'll have to work to pay for it..."
« Last Edit: June 20, 2017, 08:56:16 AM by cheapass »
Every single decision you make with money either shortens or lengthens your working career.

Vindicated

  • Handlebar Stache
  • *****
  • Posts: 1135
  • Age: 33
  • Location: Indianapolis
Re: Overheard at Work
« Reply #17926 on: June 20, 2017, 09:04:03 AM »
I use the Pretirement App posted about in another thread.  It shows how any spending decision will affect your retirement date.

https://forum.mrmoneymustache.com/share-your-badassity/'pretirement'-app-instantly-converts-spending-to-fi-date-delta/
My MMM Journal: https://forum.mrmoneymustache.com/journals/my-almost-perfect-life-experience/

"Remember that sometimes not getting what you want is a wonderful stroke of luck. - Dalai Lama

cheapass

  • Pencil Stache
  • ****
  • Posts: 503
  • Location: Dallas, Texas
  • On track for FIRE @ 40
Re: Overheard at Work
« Reply #17927 on: June 20, 2017, 09:09:30 AM »
I use the Pretirement App posted about in another thread.  It shows how any spending decision will affect your retirement date.

https://forum.mrmoneymustache.com/share-your-badassity/'pretirement'-app-instantly-converts-spending-to-fi-date-delta/

I love that app! I use it all the time on my wife - "THAT'S ANOTHER WEEK IN THE CUBICLE!!"
Every single decision you make with money either shortens or lengthens your working career.

mm1970

  • Magnum Stache
  • ******
  • Posts: 4816
Re: Overheard at Work
« Reply #17928 on: June 20, 2017, 10:41:07 AM »

I'm from Minnesota, and generally I would say that most people here fit the "Minnesota Nice" stereotype. I would NEVER say something to her face, even if she was a close friend. However, I'll complain about in on MMM and laugh about it with my husband! :)

Ha ha, obviously I'm very glad you share them here! And I am in awe of your restraint (and lolling at Minnesota Nice).

To clarify, from another Minnesotan, "Minnesota Nice" is NOT NICE. Sure, it means that you won't say mean things directly to people's faces, but it always includes the talking about the thing behind someone's back. (In MinneAG's example, that's the MMM/husband part.)

Also note, if someone from Minnesota tells you "Oh, that's...interesting", the thing is not interesting, it's stupid. This is often misunderstood, like when people from outside the South think "Bless his heart" is a nice thing to say.

Another Minnesotan chiming in, another phrase I'll hear from time to time is, "Well that's different," which translates to meaning, "It SUCKS!" I personally don't like the MN Nice as it is way too passive aggressive for my taste.
Bless your heart.

MinnieAG

  • 5 O'Clock Shadow
  • *
  • Posts: 19
  • Location: Minnesota
Re: Overheard at Work
« Reply #17929 on: June 20, 2017, 10:47:42 AM »

I'm from Minnesota, and generally I would say that most people here fit the "Minnesota Nice" stereotype. I would NEVER say something to her face, even if she was a close friend. However, I'll complain about in on MMM and laugh about it with my husband! :)

Ha ha, obviously I'm very glad you share them here! And I am in awe of your restraint (and lolling at Minnesota Nice).

To clarify, from another Minnesotan, "Minnesota Nice" is NOT NICE. Sure, it means that you won't say mean things directly to people's faces, but it always includes the talking about the thing behind someone's back. (In MinneAG's example, that's the MMM/husband part.)

Also note, if someone from Minnesota tells you "Oh, that's...interesting", the thing is not interesting, it's stupid. This is often misunderstood, like when people from outside the South think "Bless his heart" is a nice thing to say.

Another Minnesotan chiming in, another phrase I'll hear from time to time is, "Well that's different," which translates to meaning, "It SUCKS!" I personally don't like the MN Nice as it is way too passive aggressive for my taste.
Bless your heart.

Ha!! Loving all my fellow Minnesotans chiming in!! Cheers, friends!

Vindicated

  • Handlebar Stache
  • *****
  • Posts: 1135
  • Age: 33
  • Location: Indianapolis
Re: Overheard at Work
« Reply #17930 on: June 20, 2017, 11:26:01 AM »

I'm from Minnesota, and generally I would say that most people here fit the "Minnesota Nice" stereotype. I would NEVER say something to her face, even if she was a close friend. However, I'll complain about in on MMM and laugh about it with my husband! :)

Ha ha, obviously I'm very glad you share them here! And I am in awe of your restraint (and lolling at Minnesota Nice).

To clarify, from another Minnesotan, "Minnesota Nice" is NOT NICE. Sure, it means that you won't say mean things directly to people's faces, but it always includes the talking about the thing behind someone's back. (In MinneAG's example, that's the MMM/husband part.)

Also note, if someone from Minnesota tells you "Oh, that's...interesting", the thing is not interesting, it's stupid. This is often misunderstood, like when people from outside the South think "Bless his heart" is a nice thing to say.

Another Minnesotan chiming in, another phrase I'll hear from time to time is, "Well that's different," which translates to meaning, "It SUCKS!" I personally don't like the MN Nice as it is way too passive aggressive for my taste.
Bless your heart.

Ha!! Loving all my fellow Minnesotans chiming in!! Cheers, friends!

This is all very interesting... ;)
My MMM Journal: https://forum.mrmoneymustache.com/journals/my-almost-perfect-life-experience/

"Remember that sometimes not getting what you want is a wonderful stroke of luck. - Dalai Lama

RidetheRain

  • Bristles
  • ***
  • Posts: 308
  • Age: 25
Re: Overheard at Work
« Reply #17931 on: June 20, 2017, 03:08:29 PM »
I love my coworkers and they are generally very nice, balanced, non-crazy people. But one just broadcast the most alarming series of decisions to the office:

Week 1: I want a big dog to go hiking with.
-Awesome, if you can afford it then you should!

Week 2: Look here's the dog I want. He's free from the local shelter.
-Great, save a life.

Week 3: Turns out I only want a dog because I want to break up with my live-in boyfriend.
-Not good. Do not buy a dog

Week 4: I have broken up with the boyfriend over the fact that I want a dog, but he's not moving out yet because I can't afford the apartment alone
-That's nice of him

Week 5 (now): I have purchased a tiny purse dog for $1100. Also, I'm quitting.
-!!!!!!
See my journal

BuffaloStache

  • Pencil Stache
  • ****
  • Posts: 547
  • Location: Colorado
Re: Overheard at Work
« Reply #17932 on: June 20, 2017, 03:42:56 PM »
...
Week 5 (now): I have purchased a tiny purse dog for $1100. Also, I'm quitting.
-!!!!!!

To that coworker I would say, "bless your heart". :-P
"As a cure for worrying, work is better than whisky." -Thomas Edison

My Log | Take surveys as a side-hustle! Use my referral link

Tigerpine

  • Stubble
  • **
  • Posts: 155
Re: Overheard at Work
« Reply #17933 on: June 20, 2017, 06:13:51 PM »
I love my coworkers and they are generally very nice, balanced, non-crazy people. But one just broadcast the most alarming series of decisions to the office:

Week 1: I want a big dog to go hiking with.
-Awesome, if you can afford it then you should!

Week 2: Look here's the dog I want. He's free from the local shelter.
-Great, save a life.

Week 3: Turns out I only want a dog because I want to break up with my live-in boyfriend.
-Not good. Do not buy a dog

Week 4: I have broken up with the boyfriend over the fact that I want a dog, but he's not moving out yet because I can't afford the apartment alone
-That's nice of him

Week 5 (now): I have purchased a tiny purse dog for $1100. Also, I'm quitting.
-!!!!!!
Well, that's different.

(I lived in Minnesota during the mid to late 90's.)

HairyUpperLip

  • Pencil Stache
  • ****
  • Posts: 894
Re: Overheard at Work
« Reply #17934 on: June 21, 2017, 08:49:02 AM »
Not overheard but more of an observation: Our parking lot has a half dozen or so leased BMW 3-series.  All of them bought leased soley for impressing co-workers.  No *ucks given by me as I rolled in past them on my bike.

At my work there are a LOT of Tesla's in the parking lot most of these are owned by people with a pretty high income.

Even one of the guys who cycles almost every day owns a Tesla.

I would give a Tesla driver more credit than these people.  They bought these cars for one thing: the BMW badge.  Yes, I get that there are some BMW drivers who actually appreciate the car for what it is but these people are not them.  A 3-series with low end engine and auto tranny is strictly for posers trying to impress others.

I agree. It is probably a lot full of 328s. lol - what a piece of garbage car.

marielle

  • Pencil Stache
  • ****
  • Posts: 825
  • Age: 24
  • Location: South Carolina
Re: Overheard at Work
« Reply #17935 on: June 21, 2017, 09:10:21 AM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I joked to a coworker that maybe he hates his wife, but the coworker said he doesn't... I haven't mentioned anything other than a quick joke, "What are you still doing here?" when I leave. I think it'd be rude to ask at this point...

I just hope it doesn't make me look bad because I'm also salary but stay the exact time I'm supposed to. I haven't had enough work to justify staying late yet. Almost been working here a year (a bit less than this guy), but now I'm doubting even asking for a raise at the one year mark. It'll just perpetuate the lazy entitled millennial stereotype right? We have completely different jobs (I have an engineering degree and the salary to go with it), but still. FWIW, there are very few office staff so it's not like any of this would be unnoticed with management.

Same guy still has a daughter that lives with him who is 27. I know he's also paying back a good bit of student loans for one of his daughters, over 20k. Maybe this is part of why he works so "hard"?

mtn

  • Handlebar Stache
  • *****
  • Posts: 1265
Re: Overheard at Work
« Reply #17936 on: June 21, 2017, 09:24:03 AM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I joked to a coworker that maybe he hates his wife, but the coworker said he doesn't... I haven't mentioned anything other than a quick joke, "What are you still doing here?" when I leave. I think it'd be rude to ask at this point...

I just hope it doesn't make me look bad because I'm also salary but stay the exact time I'm supposed to. I haven't had enough work to justify staying late yet. Almost been working here a year (a bit less than this guy), but now I'm doubting even asking for a raise at the one year mark. It'll just perpetuate the lazy entitled millennial stereotype right? We have completely different jobs (I have an engineering degree and the salary to go with it), but still. FWIW, there are very few office staff so it's not like any of this would be unnoticed with management.

Same guy still has a daughter that lives with him who is 27. I know he's also paying back a good bit of student loans for one of his daughters, over 20k. Maybe this is part of why he works so "hard"?

The student loans are probably a big part of it--its job security. Sounds like he's a nice guy and people like him; if it comes down to two people to lay off, it probably wouldn't be him.

o2bfree

  • Stubble
  • **
  • Posts: 201
  • Location: Pacific Northwest
Re: Overheard at Work
« Reply #17937 on: June 21, 2017, 09:48:50 AM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I joked to a coworker that maybe he hates his wife, but the coworker said he doesn't... I haven't mentioned anything other than a quick joke, "What are you still doing here?" when I leave. I think it'd be rude to ask at this point...

I just hope it doesn't make me look bad because I'm also salary but stay the exact time I'm supposed to. I haven't had enough work to justify staying late yet. Almost been working here a year (a bit less than this guy), but now I'm doubting even asking for a raise at the one year mark. It'll just perpetuate the lazy entitled millennial stereotype right? We have completely different jobs (I have an engineering degree and the salary to go with it), but still. FWIW, there are very few office staff so it's not like any of this would be unnoticed with management.

Same guy still has a daughter that lives with him who is 27. I know he's also paying back a good bit of student loans for one of his daughters, over 20k. Maybe this is part of why he works so "hard"?

The student loans are probably a big part of it--its job security. Sounds like he's a nice guy and people like him; if it comes down to two people to lay off, it probably wouldn't be him.

Maybe he just doesn't have anything else he'd rather do. Or maybe he's passive-aggressive and is playing the part of the martyr for his wife and daughters.

We had a guy like that here. He worked for the company for 41 years and the only vacations he ever took was one or two days each year to go to the state fair. He'd joke that if he took time off his wife would just find things for him to do around the house. Don't know why he never took her on a nice vacation, he was in management and could certainly afford it. The company more or less forced him to retire at 70. Shortly after that, his wife divorced him, so it seems that even though he didn't really complain about her, things must not have been right between them. Heck of a nice guy though, at least at work.

cheapass

  • Pencil Stache
  • ****
  • Posts: 503
  • Location: Dallas, Texas
  • On track for FIRE @ 40
Re: Overheard at Work
« Reply #17938 on: June 21, 2017, 10:12:25 AM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I'll never understand this mindset. Like, there's nothing else you'd rather be doing besides sitting at work? Your life is seriously that boring?
Every single decision you make with money either shortens or lengthens your working career.

firelight

  • Handlebar Stache
  • *****
  • Posts: 1046
Re: Overheard at Work
« Reply #17939 on: June 21, 2017, 10:30:36 AM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I joked to a coworker that maybe he hates his wife, but the coworker said he doesn't... I haven't mentioned anything other than a quick joke, "What are you still doing here?" when I leave. I think it'd be rude to ask at this point...

I just hope it doesn't make me look bad because I'm also salary but stay the exact time I'm supposed to. I haven't had enough work to justify staying late yet. Almost been working here a year (a bit less than this guy), but now I'm doubting even asking for a raise at the one year mark. It'll just perpetuate the lazy entitled millennial stereotype right? We have completely different jobs (I have an engineering degree and the salary to go with it), but still. FWIW, there are very few office staff so it's not like any of this would be unnoticed with management.

Same guy still has a daughter that lives with him who is 27. I know he's also paying back a good bit of student loans for one of his daughters, over 20k. Maybe this is part of why he works so "hard"?

The student loans are probably a big part of it--its job security. Sounds like he's a nice guy and people like him; if it comes down to two people to lay off, it probably wouldn't be him.
This! I have a few co-workers that work more time and help with random projects just for job security. Me, I'd rather have more time than such job security. FU money FTW!!

Alim Nassor

  • Stubble
  • **
  • Posts: 164
Re: Overheard at Work
« Reply #17940 on: June 21, 2017, 11:20:13 AM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I'll never understand this mindset. Like, there's nothing else you'd rather be doing besides sitting at work? Your life is seriously that boring?

My boss hates his home life so much he's always looking for an excuse to be at work.   He has a new grandbaby at home, but hates being there.  WTF is wrong with someone like that?

marielle

  • Pencil Stache
  • ****
  • Posts: 825
  • Age: 24
  • Location: South Carolina
Re: Overheard at Work
« Reply #17941 on: June 21, 2017, 11:24:42 AM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I joked to a coworker that maybe he hates his wife, but the coworker said he doesn't... I haven't mentioned anything other than a quick joke, "What are you still doing here?" when I leave. I think it'd be rude to ask at this point...

I just hope it doesn't make me look bad because I'm also salary but stay the exact time I'm supposed to. I haven't had enough work to justify staying late yet. Almost been working here a year (a bit less than this guy), but now I'm doubting even asking for a raise at the one year mark. It'll just perpetuate the lazy entitled millennial stereotype right? We have completely different jobs (I have an engineering degree and the salary to go with it), but still. FWIW, there are very few office staff so it's not like any of this would be unnoticed with management.

Same guy still has a daughter that lives with him who is 27. I know he's also paying back a good bit of student loans for one of his daughters, over 20k. Maybe this is part of why he works so "hard"?

The student loans are probably a big part of it--its job security. Sounds like he's a nice guy and people like him; if it comes down to two people to lay off, it probably wouldn't be him.
This! I have a few co-workers that work more time and help with random projects just for job security. Me, I'd rather have more time than such job security. FU money FTW!!

I'm sure this is part of it. The other problem is that only four of us get paid salaried, and there are already so few office staff. Two salaried employees are the plant manager/VP who both work crazy hours and weekends. I feel like he's working these hours to fit in better with them. Except he doesn't directly benefit from the company doing well like they do. So I'm the only salaried employee that doesn't bust my butt. I wouldn't mind too working extra if occasionally something important was going on, but I usually have to kill time as it is.

Debts_of_Despair

  • Bristles
  • ***
  • Posts: 459
  • Location: NY
Re: Overheard at Work
« Reply #17942 on: June 21, 2017, 11:27:44 AM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I'll never understand this mindset. Like, there's nothing else you'd rather be doing besides sitting at work? Your life is seriously that boring?

We have loads of people that are eligible for a full pension retirement but are choosing to stay at work.  There are only two reasons I can come up with for this: a) they have no life outside of work or b) they can't​ afford to give up their full salary.  I think it's a pretty even mix of both type of people.

MgoSam

  • Magnum Stache
  • ******
  • Posts: 3502
  • Location: Minnesota
Re: Overheard at Work
« Reply #17943 on: June 21, 2017, 11:52:39 AM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I joked to a coworker that maybe he hates his wife, but

People like this exist. My company's sales manager retired a few years ago, when he was working here he was known for being at work 30 minutes earlier and staying late even if he didn't have any assignments. He would come in on the weekends 'just cause,' and would never take vacations or sick days. This was just his personality. He was salary so he wasn't paid any more for it.

Sibley

  • Handlebar Stache
  • *****
  • Posts: 2179
  • Age: 32
  • Location: Chicago, IL
Re: Overheard at Work
« Reply #17944 on: June 21, 2017, 12:18:24 PM »
Well, as an auditor, there's another potential side to that. If someone's running a fraud scheme, not being at work makes it much more likely that it'll be discovered by someone else. Which is why certain industries may have mandatory vacation requirements.

JordanOfGilead

  • Bristles
  • ***
  • Posts: 429
Re: Overheard at Work
« Reply #17945 on: June 21, 2017, 12:49:33 PM »
Not overheard but more of an observation: Our parking lot has a half dozen or so leased BMW 3-series.  All of them bought leased soley for impressing co-workers.  No *ucks given by me as I rolled in past them on my bike.

At my work there are a LOT of Tesla's in the parking lot most of these are owned by people with a pretty high income.

Even one of the guys who cycles almost every day owns a Tesla.

I would give a Tesla driver more credit than these people.  They bought these cars for one thing: the BMW badge.  Yes, I get that there are some BMW drivers who actually appreciate the car for what it is but these people are not them.  A 3-series with low end engine and auto tranny is strictly for posers trying to impress others.

I agree. It is probably a lot full of 328s. lol - what a piece of garbage car.
Better than the 318 ... or even the 325 for that matter.

JordanOfGilead

  • Bristles
  • ***
  • Posts: 429
Re: Overheard at Work
« Reply #17946 on: June 21, 2017, 12:59:44 PM »
There is an older gentleman that works in my office, well beyond traditional retirement age (maybe mid-late 70s?). Several of us younger folk joke that he must either love it here or hate it at home because he comes in at 6 (there is no strict start time to our day, but the general rule is "before 9") and stays until 4 or 5 every day, with a ONE HOUR COMMUTE each way.

I was chatting with somebody about retirement the other day with him in the room and he volunteered some information about himself. Apparently he was involved in a small business startup when he was young that flopped about fifteen years in, less ten before he planned on cashing in and retiring, and took his entire life savings with it. Then he hired on at one of the big 3 auto makers and worked for them up until the year before he was set to begin receiving a (relatively hefty) pension when the recession hit, the company got bailed out by the government, and all pensions disappeared. With that company having a traditionally comfortable pension plan, he hadn't planned any retirement savings on his own. 35 years into his career he was left with almost zero savings (and if I had to guess, probably a mortgage and a car payment). He then joined our company where he has worked for 20-odd years, throwing everything he can into his 401k and index funds.

Kind of a sad story that he had such bad luck, but he had a lot of really good advice for us younger employees and served as a good example of what happens when you don't plan properly for retirement.

mtn

  • Handlebar Stache
  • *****
  • Posts: 1265
Re: Overheard at Work
« Reply #17947 on: June 21, 2017, 01:09:14 PM »
Not overheard but more of an observation: Our parking lot has a half dozen or so leased BMW 3-series.  All of them bought leased soley for impressing co-workers.  No *ucks given by me as I rolled in past them on my bike.

At my work there are a LOT of Tesla's in the parking lot most of these are owned by people with a pretty high income.

Even one of the guys who cycles almost every day owns a Tesla.

I would give a Tesla driver more credit than these people.  They bought these cars for one thing: the BMW badge.  Yes, I get that there are some BMW drivers who actually appreciate the car for what it is but these people are not them.  A 3-series with low end engine and auto tranny is strictly for posers trying to impress others.

I agree. It is probably a lot full of 328s. lol - what a piece of garbage car.
Better than the 318 ... or even the 325 for that matter.

How old are we talking here? And I can't say I agree with any of you; in fact the only 3 series for which I have any... not disdain, maybe indifference... for is the 323. The 318 was a pretty stout engine--but the newest of them [in the US] are pretty old at this point.

Now, I'd take the 1 series above almost all of them, but the fact is it really has proven time and time again to be the best RWD compact car out there. Throwing out 2 seaters, the only things that give it a run for the money are the Camaro and Mustang, which are also awesome, but in a completely different way.

mtn

  • Handlebar Stache
  • *****
  • Posts: 1265
Re: Overheard at Work
« Reply #17948 on: June 21, 2017, 01:12:17 PM »
There is an older gentleman that works in my office, well beyond traditional retirement age (maybe mid-late 70s?). Several of us younger folk joke that he must either love it here or hate it at home because he comes in at 6 (there is no strict start time to our day, but the general rule is "before 9") and stays until 4 or 5 every day, with a ONE HOUR COMMUTE each way.

I was chatting with somebody about retirement the other day with him in the room and he volunteered some information about himself. Apparently he was involved in a small business startup when he was young that flopped about fifteen years in, less ten before he planned on cashing in and retiring, and took his entire life savings with it. Then he hired on at one of the big 3 auto makers and worked for them up until the year before he was set to begin receiving a (relatively hefty) pension when the recession hit, the company got bailed out by the government, and all pensions disappeared. With that company having a traditionally comfortable pension plan, he hadn't planned any retirement savings on his own. 35 years into his career he was left with almost zero savings (and if I had to guess, probably a mortgage and a car payment). He then joined our company where he has worked for 20-odd years, throwing everything he can into his 401k and index funds.

Kind of a sad story that he had such bad luck, but he had a lot of really good advice for us younger employees and served as a good example of what happens when you don't plan properly for retirement.

The worst part about this is that the first one, he took a risk, and it didn't pay off. I think we can all understand that, even if its not what we would have done. The second, people thought those pensions were the bees knees--they were commonly looked at as gravitational levels of reliability. He really didn't mis-manage it, he just got fucked.

JordanOfGilead

  • Bristles
  • ***
  • Posts: 429
Re: Overheard at Work
« Reply #17949 on: June 21, 2017, 01:15:35 PM »
There is an older gentleman that works in my office, well beyond traditional retirement age (maybe mid-late 70s?). Several of us younger folk joke that he must either love it here or hate it at home because he comes in at 6 (there is no strict start time to our day, but the general rule is "before 9") and stays until 4 or 5 every day, with a ONE HOUR COMMUTE each way.

I was chatting with somebody about retirement the other day with him in the room and he volunteered some information about himself. Apparently he was involved in a small business startup when he was young that flopped about fifteen years in, less ten before he planned on cashing in and retiring, and took his entire life savings with it. Then he hired on at one of the big 3 auto makers and worked for them up until the year before he was set to begin receiving a (relatively hefty) pension when the recession hit, the company got bailed out by the government, and all pensions disappeared. With that company having a traditionally comfortable pension plan, he hadn't planned any retirement savings on his own. 35 years into his career he was left with almost zero savings (and if I had to guess, probably a mortgage and a car payment). He then joined our company where he has worked for 20-odd years, throwing everything he can into his 401k and index funds.

Kind of a sad story that he had such bad luck, but he had a lot of really good advice for us younger employees and served as a good example of what happens when you don't plan properly for retirement.

The worst part about this is that the first one, he took a risk, and it didn't pay off. I think we can all understand that, even if its not what we would have done. The second, people thought those pensions were the bees knees--they were commonly looked at as gravitational levels of reliability. He really didn't mis-manage it, he just got fucked.

Yeah, that's why I said his bad luck was sort of sad. It was still valuable for a younger generation to learn that you can't necessarily rely on things like a start-up or a company funded pension to support you.