Author Topic: Overheard at Work  (Read 5459462 times)

marielle

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Re: Overheard at Work
« Reply #18150 on: July 11, 2017, 10:07:38 AM »
That's kinda what these threads are for. If you bought it with cash, kudos to you! That's great. If you had to get a loan and didn't have the cash outright, then sorry but you simply got more car than you could afford. Sure it turned out fine for you and most other people, but there are also thousands who have screwed themselves because they bought a depreciating asset on credit then lost their jobs or couldn't afford the payments.

Also, pretty much every engineer I am referring to here already had a car. Some of them have three cars and keep all of them. One guy has FIVE running cars.

I thought this was all a given considering the forum we are on...

I think pets are stupid.  They are a depreciating asset and do nothing but lengthen your time to retirement.  Let's mock everyone who owns a pet!  Especially folks that have more than one!

I have pets for mental health reasons. But yes they could cost a good bit. I would not suggest someone to get one without having an adequate emergency fund and everything else that goes along with pet ownership.

Inaya

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Re: Overheard at Work
« Reply #18151 on: July 11, 2017, 10:17:15 AM »
That's kinda what these threads are for. If you bought it with cash, kudos to you! That's great. If you had to get a loan and didn't have the cash outright, then sorry but you simply got more car than you could afford. Sure it turned out fine for you and most other people, but there are also thousands who have screwed themselves because they bought a depreciating asset on credit then lost their jobs or couldn't afford the payments.

Also, pretty much every engineer I am referring to here already had a car. Some of them have three cars and keep all of them. One guy has FIVE running cars.

I thought this was all a given considering the forum we are on...

I think pets are stupid.  They are a depreciating asset and do nothing but lengthen your time to retirement.  Let's mock everyone who owns a pet!  Especially folks that have more than one!


I believe there have been multiple posts on this thread (or one of the other "Overheard" threads at least) about people buying pets on credit. They were mocked accordingly.
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Re: Overheard at Work
« Reply #18152 on: July 11, 2017, 10:25:30 AM »
These folks might not be directly asking you for a loan, but what will happen when they get too old to work and they're retirement doesn't pencil out? They'll become a burden to society.

And secondly, it's perfectly fair to judge other people's choices. It might not be your business to force them to make different choices, but you can weigh the merits of their decisions.

Everyone is a burden to society to some extent.  If you have the ability to see 40 years into the future and know which particular folks are doomed to be a greater than average burden, more power to you.

I can't predict everyone who will be greater than average burden on the rest of us, but I can point to certain people and say "The odds are overwhelming that this person will be one of them."

I'm no genius, it's just not that hard to recognize someone who is that bad with finances.

RyanAtTanagra

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Re: Overheard at Work
« Reply #18153 on: July 11, 2017, 11:02:26 AM »
I think pets are stupid.  They are a depreciating asset and do nothing but lengthen your time to retirement.  Let's mock everyone who owns a pet!  Especially folks that have more than one!

If a pet rock was an equivalent substitute for a dog the way a 5 year old car is pretty much the exact same thing as a brand new car, that analogy might work :-)

Cromacster

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Re: Overheard at Work
« Reply #18154 on: July 11, 2017, 11:09:47 AM »
To play THE SIMS?!?!?! Wow. My old junk laptop played it just fine.

This. Even my old machine can run the newest versions of it.
It was 12 years ago and the newest Sims game at that time (2?3? I don't know, I think it's boring.)

I actually came across The Sims and all the expansion packs for 50p each in a charity shop (except Making Magic, my favourite) and plunked down 2 for a few hours of nostalgia. Sat down and realised... It is really boring! NOTHING happens! Even with all the pets and extra items and everything. I used to spend hours playing. I can't imagine why. I think I would still enjoy The Sims 2, though, because it does go somewhere (giant genetic experiment!) but the first one was a big disappointment, especially how much I enjoyed other games I've re-played lately.

Well, obviously you are playing it incorrectly.  The right way to play The Sims is to use cheat codes to get infinite money, then carefully craft ridiculous houses and populate them with characters you design to look exactly like your friends and family.  Right?  Right?  That's not just me, right?

Stick sims that melt down into a 1x1 enclosed space until they become urns. Sell the urn for a profit.

I think you would enjoy RollerCoaster Tycoon.

The old Euthanasia Coaster or the what-angle-launches-people-the-farthest coaster. Sadly, I never played that game since Civ 3 grabbed my attention around that point.

http://imgur.com/gallery/Wxzbl

BAHAHA! as a Roller Coaster tycoon fan in my younger days this is absolutely brilliant and delightfully sinister.
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Vindicated

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Re: Overheard at Work
« Reply #18155 on: July 11, 2017, 11:25:52 AM »

http://imgur.com/gallery/Wxzbl

BAHAHA! as a Roller Coaster tycoon fan in my younger days this is absolutely brilliant and delightfully sinister.

This makes me want to pick up Roller coaster Tycoon now.  Amazing.
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Fuerchtegott

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Re: Overheard at Work
« Reply #18156 on: July 11, 2017, 12:58:02 PM »
Yesterday i had a conversation with a co-Worker:
CW: "Boy, i have problem with my landlord. I am searching a flat for me and me girl-friend (also a co-worker). But i will have trouble to get my security deposit of 800 Euro.
Me: "Why? 800 Euro is not that much..."
CW: " Yeah, but i can't save anything.."
ME: "Why? We get the same payment (gouverment payment) .. i am living on my own and can save 40 % ... what are you doing..?!"
CW: "I go out everyday.... i nearly buy some Cocktail to go on happy hour for only 5 Euro when i walk with the dog... and i don't cook, it is just easier to get order or go out for dinner...i have nothing left at the end of the month"
Me: ....

Today i met a best friend to the above CW girlfriend:
BF: [other discussion then] Yeah, CW girlfriend never buys food, they always go out for eating ... and the did some sightseeing in Milano and went shopping the whole time and bought food...
ME: "What!? Never cooking at home?"
BF {she is frugal due to second study here in Germany}: "Nope, i can't understand that spending behavoir because she always complain of lacking money..."
Me: "..."

Later today: Same CW:
CW: "Hey, you have a good saving number, but you have a side hustle..."
Me: "Right, same amount income as main job, but this goes completly to my FI stash. I don't spend this second income.
CW: " Yeah, but you are in the highest Tax (53 % in Germany, Tax Class Six). Why don't you work anyway for the gouverment when you can life from your second job and you would have more in your pocket if it was your main job...?!"
ME: "Why should i do that? for my side job i just need 3 hours per week and my first job is 39 hours, i got 30 days of paid vacation and overhours are noted and i will receive free time... and it is save... "
CW: "[No Respones because he smokes a cigarette... he somes one pack and has diabetes from birth and has to pay his medication of his own"

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MgoSam

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Re: Overheard at Work
« Reply #18157 on: July 11, 2017, 01:23:24 PM »
To play THE SIMS?!?!?! Wow. My old junk laptop played it just fine.

This. Even my old machine can run the newest versions of it.
It was 12 years ago and the newest Sims game at that time (2?3? I don't know, I think it's boring.)

I actually came across The Sims and all the expansion packs for 50p each in a charity shop (except Making Magic, my favourite) and plunked down 2 for a few hours of nostalgia. Sat down and realised... It is really boring! NOTHING happens! Even with all the pets and extra items and everything. I used to spend hours playing. I can't imagine why. I think I would still enjoy The Sims 2, though, because it does go somewhere (giant genetic experiment!) but the first one was a big disappointment, especially how much I enjoyed other games I've re-played lately.

Well, obviously you are playing it incorrectly.  The right way to play The Sims is to use cheat codes to get infinite money, then carefully craft ridiculous houses and populate them with characters you design to look exactly like your friends and family.  Right?  Right?  That's not just me, right?

Stick sims that melt down into a 1x1 enclosed space until they become urns. Sell the urn for a profit.

I think you would enjoy RollerCoaster Tycoon.

The old Euthanasia Coaster or the what-angle-launches-people-the-farthest coaster. Sadly, I never played that game since Civ 3 grabbed my attention around that point.

http://imgur.com/gallery/Wxzbl

BAHAHA! as a Roller Coaster tycoon fan in my younger days this is absolutely brilliant and delightfully sinister.

Never got into Roller Coaster tycoon but I do love that you can create a 'death pit' to put customers that complain about the park.

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Re: Overheard at Work
« Reply #18158 on: July 11, 2017, 07:17:25 PM »
That's kinda what these threads are for. If you bought it with cash, kudos to you! That's great. If you had to get a loan and didn't have the cash outright, then sorry but you simply got more car than you could afford. Sure it turned out fine for you and most other people, but there are also thousands who have screwed themselves because they bought a depreciating asset on credit then lost their jobs or couldn't afford the payments.

Also, pretty much every engineer I am referring to here already had a car. Some of them have three cars and keep all of them. One guy has FIVE running cars.

I thought this was all a given considering the forum we are on...

I think pets are stupid.  They are a depreciating asset and do nothing but lengthen your time to retirement.  Let's mock everyone who owns a pet!  Especially folks that have more than one!

Australia's peak body of super funds ran numbers on this recently.

http://thenewdaily.com.au/money/retirement/2017/07/05/dog-cat-costs/

Apparently a fish is the most mustachian pet.

dragoncar

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Re: Overheard at Work
« Reply #18159 on: July 11, 2017, 07:26:45 PM »
That's kinda what these threads are for. If you bought it with cash, kudos to you! That's great. If you had to get a loan and didn't have the cash outright, then sorry but you simply got more car than you could afford. Sure it turned out fine for you and most other people, but there are also thousands who have screwed themselves because they bought a depreciating asset on credit then lost their jobs or couldn't afford the payments.

Also, pretty much every engineer I am referring to here already had a car. Some of them have three cars and keep all of them. One guy has FIVE running cars.

I thought this was all a given considering the forum we are on...

I think pets are stupid.  They are a depreciating asset and do nothing but lengthen your time to retirement.  Let's mock everyone who owns a pet!  Especially folks that have more than one!

Australia's peak body of super funds ran numbers on this recently.

http://thenewdaily.com.au/money/retirement/2017/07/05/dog-cat-costs/

Apparently a fish is the most mustachian pet.

Some of those numbers are really WTF.  Fish is zero boarding and zero vet... because you just let it die and buy a new one for $10 once a year?

Dog costs $250/year to replace?  So if a dog lives 10 years you are spending $2500 on your dog?  Shit, why don't I just adopt a new dog for free once a year and save on boarding and vet fees?

In the end, though, I did come to a similar cost for having a dog... I figure $30k extra savings is well worth the companionship. 

marielle

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Re: Overheard at Work
« Reply #18160 on: July 12, 2017, 06:18:46 AM »
That's kinda what these threads are for. If you bought it with cash, kudos to you! That's great. If you had to get a loan and didn't have the cash outright, then sorry but you simply got more car than you could afford. Sure it turned out fine for you and most other people, but there are also thousands who have screwed themselves because they bought a depreciating asset on credit then lost their jobs or couldn't afford the payments.

Also, pretty much every engineer I am referring to here already had a car. Some of them have three cars and keep all of them. One guy has FIVE running cars.

I thought this was all a given considering the forum we are on...

I think pets are stupid.  They are a depreciating asset and do nothing but lengthen your time to retirement.  Let's mock everyone who owns a pet!  Especially folks that have more than one!

Australia's peak body of super funds ran numbers on this recently.

http://thenewdaily.com.au/money/retirement/2017/07/05/dog-cat-costs/

Apparently a fish is the most mustachian pet.

These numbers are ridiculous. Food is not that expensive for dogs or cats even if you buy the good stuff. And a cockatoo/budgie would be WAY more expensive than that unless you just let them eat the wrong food and die each year with no vet visits. $15 to adopt a cockatoo? That is insane. It's $400+ from a rescue, $1000+ from a breeder. But cockatoos live 80+ years so 80 x $15 = $1200, except then you're too old to get another so I don't really understand the "replace" costs. And then the cat/dog numbers make no sense if it's referring to a total adoption cost.

$0 boarding fees and grooming? Yeah...right. You can't take your bird with you to vacation. Nor can you leave it by itself, it's incredibly worse to leave a bird by itself than a dog or cat. Also, don't forget that you have to buy toys that they chew through monthly and groom their nails, beak, and feathers regularly. Plus they need to eat fresh fruit and vegetables on top of dry pellets (which aren't cheap). The cockatoo should be by far the most expensive on the list.

LennStar

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Re: Overheard at Work
« Reply #18161 on: July 12, 2017, 07:12:52 AM »
I always find it amusing when people think it is a binary option - you either sit at home and eat ramen noodles and scrimp and save every penny you can, or you spend with reckless abandon and YOLO all your money. There is no middle ground lol

If you think Ramen is a cheap food, you are not making it right.
Cup Ramen don't count here since they lack half the stuff.
This looks like a good Ramen
http://extras.mnginteractive.com/live/media/site569/2013/0225/20130225__130228eat-ramen.jpg

Quote
I think pets are stupid.  They are a depreciating asset and do nothing but lengthen your time to retirement.  Let's mock everyone who owns a pet!  Especially folks that have more than one!

Except if you are one of those people who are more happy and more healthy with a pet.

Quote
This makes me want to pick up Roller coaster Tycoon now.  Amazing.

Well you can do that. Or just get the better Theme Park for free ;)
YOu can also kill your visiters in the rollarcoaster there afaik
http://gamesnostalgia.com/en/game/theme-park

cavewoman

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Re: Overheard at Work
« Reply #18162 on: July 12, 2017, 08:06:34 AM »
After 300+ pages I would think people would understand that this thread is meant for mocking.  Yes, there are always details you might not know from overhearing, or there may be instances of other people doing similar things that aren't anti-mustachian.  But if you're here, we're here to mock!  Mock on, brothers and sisters!

JordanOfGilead

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Re: Overheard at Work
« Reply #18163 on: July 12, 2017, 08:14:27 AM »

http://imgur.com/gallery/Wxzbl

BAHAHA! as a Roller Coaster tycoon fan in my younger days this is absolutely brilliant and delightfully sinister.

This makes me want to pick up Roller coaster Tycoon now.  Amazing.
They have a free mobile version in the google play store.

Vindicated

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Re: Overheard at Work
« Reply #18164 on: July 12, 2017, 08:21:41 AM »

http://imgur.com/gallery/Wxzbl

BAHAHA! as a Roller Coaster tycoon fan in my younger days this is absolutely brilliant and delightfully sinister.

This makes me want to pick up Roller coaster Tycoon now.  Amazing.
They have a free mobile version in the google play store.

Thanks for the tip!  I'll have to check it out for a free nostalgia fix.
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Re: Overheard at Work
« Reply #18165 on: July 12, 2017, 10:51:22 AM »
If you think Ramen is a cheap food, you are not making it right.
Cup Ramen don't count here since they lack half the stuff.
This looks like a good Ramen
http://extras.mnginteractive.com/live/media/site569/2013/0225/20130225__130228eat-ramen.jpg
Damn that looks good. I've done my share of dressed-up noodle dishes over the years, but not as much lately since DW isn't a soup girl.
Makes me wanna get back to it though, maybe next time she travels solo...

Quote
Except if you are one of those people who are more happy and more healthy with a pet.

Yeah, I seriously credit my dogs with a huge positive fitness/health impact. A few years into adulthood, after a pet-free military career, I settled down and got a puppy, and my mom sent me one of Cesar Millan's books. He may be right about some things and wrong about others, but I'll defend his view on dog exercise till I die... because it's kept my dogs healthy and happy, and because it also meant I get out 2-3 times a day with virtually no exceptions for the past decade, maybe 20 minutes on a busy day but generally 30+ and often over an hour. Without dogs, my baseline activity level could easily have been more like "nothing" for much of that time, but knowing that their health and well-being depended on it was enough to get me out there. And even when I'm doing well and rocking a much more intensive fitness routine, it still adds some calorie burn and basic toning, and helps me form and maintain connections with neighbors that so many people are lacking in these times. I could say more, but I don't wanna drone on forever...
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nobody123

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Re: Overheard at Work
« Reply #18166 on: July 12, 2017, 11:38:33 AM »
After 300+ pages I would think people would understand that this thread is meant for mocking.  Yes, there are always details you might not know from overhearing, or there may be instances of other people doing similar things that aren't anti-mustachian.  But if you're here, we're here to mock!  Mock on, brothers and sisters!

I am all for mocking stupidity, like folks complaining about not being able to save money but eating a $15 restaurant lunch every day.  Or idiots not saving at least to the company match in their 401k.  Or folks that park their $50K camper / boat in their driveway for 51 weeks out of the year, and then spend more money to upgrade them every other year.  This thread is a great way to express our bewilderment because calling these folks out in real life would be socially awkward at best.

However, I draw the line at the holier-than-thou attitude that if you have a mortgage or car loan you are automatically a financial trainwreck waiting to happen.  Believe it or not, not everyone wants to retire at 28 on $20K/year and drive a 15 year old Civic.  I know it's shocking to the cult here, but some people actually enjoy driving a brand new car, or living in a bigger than necessary house.  Millions of people go to work and pay their bills, retire in their 60s, and are just fine.

MgoSam

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Re: Overheard at Work
« Reply #18167 on: July 12, 2017, 11:46:59 AM »

Quote
Except if you are one of those people who are more happy and more healthy with a pet.

Yeah, I seriously credit my dogs with a huge positive fitness/health impact.

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tikimama

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Re: Overheard at Work
« Reply #18168 on: July 12, 2017, 01:07:29 PM »
Was just gossiping with a cw about another cw who was planning to send her 4 year old kid to a local artsy fancy private school. We both knew it was expensive but I had never actually looked it up. It STARTS at $24,000 a year. FOR PRESCHOOL. I did the math and figured if your kid went through Pre-K to high school it would cost $400,200. And then...college?!

marielle

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Re: Overheard at Work
« Reply #18169 on: July 12, 2017, 01:10:43 PM »
Was just gossiping with a cw about another cw who was planning to send her 4 year old kid to a local artsy fancy private school. We both knew it was expensive but I had never actually looked it up. It STARTS at $24,000 a year. FOR PRESCHOOL. I did the math and figured if your kid went through Pre-K to high school it would cost $400,200. And then...college?!

People do like to say that it takes a $1 million to raise a kid. I tried to argue about this with the in-laws and regretted it. They claimed it takes a million to do it "right".

RyanAtTanagra

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Re: Overheard at Work
« Reply #18170 on: July 12, 2017, 01:13:04 PM »
Was just gossiping with a cw about another cw who was planning to send her 4 year old kid to a local artsy fancy private school. We both knew it was expensive but I had never actually looked it up. It STARTS at $24,000 a year. FOR PRESCHOOL. I did the math and figured if your kid went through Pre-K to high school it would cost $400,200. And then...college?!

People do like to say that it takes a $1 million to raise a kid. I tried to argue about this with the in-laws and regretted it. They claimed it takes a million to do it "right".

So everyone below the income level that allows that are raising their kids wrong?  I would be pissed if someone tried to say that to me.

marielle

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Re: Overheard at Work
« Reply #18171 on: July 12, 2017, 01:19:15 PM »
Was just gossiping with a cw about another cw who was planning to send her 4 year old kid to a local artsy fancy private school. We both knew it was expensive but I had never actually looked it up. It STARTS at $24,000 a year. FOR PRESCHOOL. I did the math and figured if your kid went through Pre-K to high school it would cost $400,200. And then...college?!

People do like to say that it takes a $1 million to raise a kid. I tried to argue about this with the in-laws and regretted it. They claimed it takes a million to do it "right".

So everyone below the income level that allows that are raising their kids wrong?  I would be pissed if someone tried to say that to me.

Basically. I should have been more pissed because they implied that I wasn't raised "right". They sent their kids to private school, got them brand new cars at 16, paid for college, paid for all kinds of graduation parties, etc. They even said the houses they have bought were FOR the kids, which I get to a point, but one of the houses was ridiculously huge and they had to sell it because they couldn't afford it. My boyfriend said he never wanted the new car, the big house, or even the private school education.

Nangirl17

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Re: Overheard at Work
« Reply #18172 on: July 12, 2017, 01:38:50 PM »
We are a small business discussing going to direct deposit with our monthly paycheques.

At a meeting today, one of my co-workers objects because the paydate would be a few days after the beginning of the month (as opposed to the last day of the month), and since her mortgage is due on the first day of the month, she would be short. We discussed fronting half of the paycheque for a month, but she says she'll just be in the same predicament the next month. She lives "hand to mouth" on a >100K year.

I didn't know what to say because "you aren't managing your money very well" is rude, yet there it is.


tikimama

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Re: Overheard at Work
« Reply #18173 on: July 12, 2017, 01:43:01 PM »
It's funny because I come from a rich upbringing with all that stuff - fancy school, new cars, huge house, etc. etc (all the money was lost when I was 13 or so). Facebook assures me that the majority of people who shared this sort of "right" upbringing with me are completely basic and in no way amazing. Many of them seem completely stupid and most are broke (or deeply in debt I assume from the disconnect in their lifestyle purchases and their occupations). So I'm not sure what the "right" sort of upbringing did for them.

Nangirl17, the mind boggles! I hope you gave her A Look.
« Last Edit: July 12, 2017, 01:44:33 PM by tikimama »

Nangirl17

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Re: Overheard at Work
« Reply #18174 on: July 12, 2017, 02:31:14 PM »

Nangirl17, the mind boggles! I hope you gave her A Look.

I think the look I had was one of agape amazement - here is a very intelligent, highly respected, motivated and hardworking person who is very much "on top" of her job in every way... the incongruence amazes me.

MgoSam

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Re: Overheard at Work
« Reply #18175 on: July 12, 2017, 02:44:16 PM »
Was just gossiping with a cw about another cw who was planning to send her 4 year old kid to a local artsy fancy private school. We both knew it was expensive but I had never actually looked it up. It STARTS at $24,000 a year. FOR PRESCHOOL. I did the math and figured if your kid went through Pre-K to high school it would cost $400,200. And then...college?!

People do like to say that it takes a $1 million to raise a kid. I tried to argue about this with the in-laws and regretted it. They claimed it takes a million to do it "right".

My sister and her husband have a similar point of view. They are spending a ton of their kids, which whatever as it is their money and they earn enough to afford it while saving up for their college education and their retirement. What I find funny is that when I mention costs as one of the reasons why I don't plan on having a kid my sister gets all huffy about how "it doesn't cost all that much if you do it right!" Um, sis you were just talking about how spending ___ for ___ isn't a big deal.

shelivesthedream

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Re: Overheard at Work
« Reply #18176 on: July 12, 2017, 03:05:09 PM »
It's funny because I come from a rich upbringing with all that stuff - fancy school, new cars, huge house, etc. etc (all the money was lost when I was 13 or so). Facebook assures me that the majority of people who shared this sort of "right" upbringing with me are completely basic and in no way amazing. Many of them seem completely stupid and most are broke (or deeply in debt I assume from the disconnect in their lifestyle purchases and their occupations). So I'm not sure what the "right" sort of upbringing did for them.

This. I went to a fancy private school. The distribution of basic to amazing was pretty much the same as everywhere else in life. Sure, paying 10k a year plus means if your child is a bit thick they'll be hauled up to get mostly As instead of mostly Bs, but if you just ignore them outside school they'll still be a bit thick when they leave. It's a guilt complex for the parents, it's not for the children. You work too much to see/care about your children so you send them to an expensive school "for the children's benefit" so you work more to afford the school so you see them less. Then you wonder why they grow up with mental health problems. The case for a good half of my fellow pupils.

With This Herring

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Re: Overheard at Work
« Reply #18177 on: July 12, 2017, 10:34:11 PM »
Australia's peak body of super funds ran numbers on this recently.

http://thenewdaily.com.au/money/retirement/2017/07/05/dog-cat-costs/

Apparently a fish is the most mustachian pet.

These numbers are ridiculous. Food is not that expensive for dogs or cats even if you buy the good stuff. And a cockatoo/budgie would be WAY more expensive than that unless you just let them eat the wrong food and die each year with no vet visits. $15 to adopt a cockatoo? That is insane. It's $400+ from a rescue, $1000+ from a breeder. But cockatoos live 80+ years so 80 x $15 = $1200, except then you're too old to get another so I don't really understand the "replace" costs. And then the cat/dog numbers make no sense if it's referring to a total adoption cost.

$0 boarding fees and grooming? Yeah...right. You can't take your bird with you to vacation. Nor can you leave it by itself, it's incredibly worse to leave a bird by itself than a dog or cat. Also, don't forget that you have to buy toys that they chew through monthly and groom their nails, beak, and feathers regularly. Plus they need to eat fresh fruit and vegetables on top of dry pellets (which aren't cheap). The cockatoo should be by far the most expensive on the list.

I wouldn't tend to trust any infographic where it seems "we don't know and couldn't be bothered to find out" categories were set as $0 and "health producst [sic]" are not clarified.  My guess is that the "buy/replace annual" is meant to be some sort of depreciation number.  Really, it seems that no research or proofreading was put into this picture.

Maybe the joke is with a cockatoo you won't dare to travel, and he won't let anyone but you do trimmings, so no boarding or grooming costs! (kidding)




Overheard from coworker:
Client forgot to take inventory at fiscal year-end of June 30 AGAIN.  Client has owned business for two decades; fiscal year end of this business has never changed. Coworker reminds Client WEEKLY leading up to June 30.  Client ran into Coworker at social function yesterday, says "Oh!  Didn't I need to do something for you?" and only then remembers inventory.  Well, Coworker says Client will probably actually get around to tallying inventory in a couple weeks.  *sigh*
Because your toaster got hacked because you tried to watch porn on your blender.

6-year CPA currently on hiatus.  Botched this.  Working again. 
Go soak your beans.  You know you keep forgetting.

Spawnstache

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Re: Overheard at Work
« Reply #18178 on: July 13, 2017, 01:22:18 AM »
Was just gossiping with a cw about another cw who was planning to send her 4 year old kid to a local artsy fancy private school. We both knew it was expensive but I had never actually looked it up. It STARTS at $24,000 a year. FOR PRESCHOOL. I did the math and figured if your kid went through Pre-K to high school it would cost $400,200. And then...college?!

People do like to say that it takes a $1 million to raise a kid. I tried to argue about this with the in-laws and regretted it. They claimed it takes a million to do it "right".

So everyone below the income level that allows that are raising their kids wrong?  I would be pissed if someone tried to say that to me.

Basically. I should have been more pissed because they implied that I wasn't raised "right". They sent their kids to private school, got them brand new cars at 16, paid for college, paid for all kinds of graduation parties, etc. They even said the houses they have bought were FOR the kids, which I get to a point, but one of the houses was ridiculously huge and they had to sell it because they couldn't afford it. My boyfriend said he never wanted the new car, the big house, or even the private school education.

On a side note we say the same thing about needing a million to raise a kid in Sweden. But using SEK instead of dollars, which roughly translates to $120k. Probably a round and even number high enough to sound intimitading. And yes, with swedish salaries and taxes even being a SEK millionaire has a certain ring to it.

Linda_Norway

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Re: Overheard at Work
« Reply #18179 on: July 13, 2017, 02:30:00 AM »
Was just gossiping with a cw about another cw who was planning to send her 4 year old kid to a local artsy fancy private school. We both knew it was expensive but I had never actually looked it up. It STARTS at $24,000 a year. FOR PRESCHOOL. I did the math and figured if your kid went through Pre-K to high school it would cost $400,200. And then...college?!

People do like to say that it takes a $1 million to raise a kid. I tried to argue about this with the in-laws and regretted it. They claimed it takes a million to do it "right".

So everyone below the income level that allows that are raising their kids wrong?  I would be pissed if someone tried to say that to me.

Basically. I should have been more pissed because they implied that I wasn't raised "right". They sent their kids to private school, got them brand new cars at 16, paid for college, paid for all kinds of graduation parties, etc. They even said the houses they have bought were FOR the kids, which I get to a point, but one of the houses was ridiculously huge and they had to sell it because they couldn't afford it. My boyfriend said he never wanted the new car, the big house, or even the private school education.

On a side note we say the same thing about needing a million to raise a kid in Sweden. But using SEK instead of dollars, which roughly translates to $120k. Probably a round and even number high enough to sound intimitading. And yes, with swedish salaries and taxes even being a SEK millionaire has a certain ring to it.

Also here in Norway we count 1 million NOK (also roughly $120 USD) for raising a child to the age of 18.

A million dollars cannot be true. That is a totally ridiculous amount of money for child. But maybe, if you hire an expensive nanny and later put the child into the most expensive schools, buy them the most expensive tools/cars/housing and pay for their study in the most expensive university then maybe it is possible?

former player

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Re: Overheard at Work
« Reply #18180 on: July 13, 2017, 03:43:54 AM »
It's funny because I come from a rich upbringing with all that stuff - fancy school, new cars, huge house, etc. etc (all the money was lost when I was 13 or so). Facebook assures me that the majority of people who shared this sort of "right" upbringing with me are completely basic and in no way amazing. Many of them seem completely stupid and most are broke (or deeply in debt I assume from the disconnect in their lifestyle purchases and their occupations). So I'm not sure what the "right" sort of upbringing did for them.

This. I went to a fancy private school. The distribution of basic to amazing was pretty much the same as everywhere else in life. Sure, paying 10k a year plus means if your child is a bit thick they'll be hauled up to get mostly As instead of mostly Bs, but if you just ignore them outside school they'll still be a bit thick when they leave. It's a guilt complex for the parents, it's not for the children. You work too much to see/care about your children so you send them to an expensive school "for the children's benefit" so you work more to afford the school so you see them less. Then you wonder why they grow up with mental health problems. The case for a good half of my fellow pupils.
The "bit thick" kid left to the mercies of half of the UK state school system will be struggling to get 5 A to C GSCEs at 16 and 3 A level equivalents at any grade.  That's the real difference that privilege makes, not whether its As or Bs at A level.

Although the difference is more probably that your fancy private school filtered out the "bit thick" kids before they even got there.
Be frugal and industrious, and you will be free (Ben Franklin)

Dave1442397

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Re: Overheard at Work
« Reply #18181 on: July 13, 2017, 07:10:00 AM »
Also here in Norway we count 1 million NOK (also roughly $120 USD) for raising a child to the age of 18.

A million dollars cannot be true. That is a totally ridiculous amount of money for child. But maybe, if you hire an expensive nanny and later put the child into the most expensive schools, buy them the most expensive tools/cars/housing and pay for their study in the most expensive university then maybe it is possible?

If you live in a HCOL area like Manhattan and get sucked into the lifestyle, it's quite easy. Here's a quote from The Spence School, a private school for Kindergarten thru 12th Grade (end of High School) - "For the 2017-18 academic year, tuition is $49,800 for all grades K-12."

So that comes to $647,400, and that's before college. I'm sure you could add nanny/au pair costs to that too.

firelight

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Re: Overheard at Work
« Reply #18182 on: July 13, 2017, 08:57:04 AM »
Also here in Norway we count 1 million NOK (also roughly $120 USD) for raising a child to the age of 18.

A million dollars cannot be true. That is a totally ridiculous amount of money for child. But maybe, if you hire an expensive nanny and later put the child into the most expensive schools, buy them the most expensive tools/cars/housing and pay for their study in the most expensive university then maybe it is possible?

If you live in a HCOL area like Manhattan and get sucked into the lifestyle, it's quite easy. Here's a quote from The Spence School, a private school for Kindergarten thru 12th Grade (end of High School) - "For the 2017-18 academic year, tuition is $49,800 for all grades K-12."

So that comes to $647,400, and that's before college. I'm sure you could add nanny/au pair costs to that too.
+1 for HCOL screwing up numbers. In bay area, harker charges 30k for preschool (and higher for K-12). This is before before/after school care, activities, uniforms, etc. Would be easy to hit $1M when you add in college costs.

Lauran75

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Re: Overheard at Work
« Reply #18183 on: July 13, 2017, 10:04:36 AM »
About two weeks ago we had one of our departments moved to the same floor I am on. One of the people who work in that department has gotten delivery food for lunch *every* day. The first few times I had a delivery person come to my window, it threw me off a bit. But now when I see them, I just say, "For D?" and then point them in the right direction.

Thinking about the cost of food +delivery fee + tip is sad. What's doubly sad though is that the person ordering all this food is a *very* large man with diabetes.

tikimama

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Re: Overheard at Work
« Reply #18184 on: July 13, 2017, 10:17:47 AM »
The great advantage Scandinavian countries have on the US (as I understand it) is childcare, right? For a while I was paying $2500 a month for two kids under three in daycare.The it went down to $2000 and it was like, hooray! I now pay between $700 (school year) and $1200 (summer) for childcare.

Spawnstache

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Re: Overheard at Work
« Reply #18185 on: July 13, 2017, 03:18:55 PM »
That's so true. Childcare is max $120 per month. Less if the parents have low incomes.
And same for healthcare by the way. My ex husband had some serious health problems which required complicated surgery. Complications occured, he spent two months in ICU, seven more months at the hospital before discharge. We paid $12/day...

dogboyslim

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Re: Overheard at Work
« Reply #18186 on: July 13, 2017, 03:26:42 PM »
My kid expenses:

Daycare (until they get into school age 5ish): Averaged out to around $250 per week * 52 weeks (had to pay even if kid didn't go to keep our spot) * 3 kids * 4.5 years = $175,500.
Summer Care (wife is SAHM now so these were cut shorter): $250 per week * 16 weeks * (5 years for oldest, 3 years for middle kid, 1 year for youngest; 9 years) = $36,000
Difference in health care: $340/month vs. (29 + 34 - not adding the 34 due to wife going SAHM, but chioces were single and family) = $277 per month * 11 years so far, will be at least 17 if all kids are off health care by age 18: $59,832
Kid Activities: Swim lessons, piano lessons, soccer, football, dance, entertainment etc: about $345 a month ($115 each kid, 1st - 12th grade).  Started around the time youngest hit 1st grade, still going, so assume college it ends: $45,540
Assumed College Expenses: 100k each: $300k

Total for all three kids will be something like $616,872 not counting food/clothing, or $205,624 each.  I'm not claiming to be frugal with our kid expenses.  We spend a lot on experiential things like music and sports, but not much on clothing brands etc.

cheapass

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Re: Overheard at Work
« Reply #18187 on: July 13, 2017, 04:50:57 PM »
That's so true. Childcare is max $120 per month. Less if the parents have low incomes.
And same for healthcare by the way. My ex husband had some serious health problems which required complicated surgery. Complications occured, he spent two months in ICU, seven more months at the hospital before discharge. We paid $12/day...

So what's the actual cost for childcare when you account for the higher taxes you pay your entire working career? Sucks for those folks who choose not to have kids or to have fewer than the average.

prudent_one

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Re: Overheard at Work
« Reply #18188 on: July 13, 2017, 06:11:18 PM »
Colleague:  I thought I might save up some money while Im over here, but Im only going to be here for two years, so I think I should just travel and live it up.

Um...you get free accommodation and a good salary.  You can do both?  I certainly am.  (Travel and saving, I mean.  I dont know what exactly she means by living it up, but maybe that factor is the reason she cant save.)

Had a co-worker who was on a field assignment in a very HCOL east coast city for 8 years. During that time he had a company-paid apartment/cell/car. Plane tickets home every 3rd weekend if you wanted - if you wanted to fly somewhere else for the weekend, you only had to pay any extra cost. $60/day for other expenses (laundry, meals, etc. and if you didn't spend it all, it was yours to keep). Plus his full salary and a 20% bonus for field work.  Single. In the 2nd year of the assignment it became clear it was going to go on for many years, so he moved his "home" into a cheap apartment and sold his car (he rented one for the weekends he came back home). His out-of-pocket expenses were almost nothing - maybe 10% of his salary. It was common knowledge that long-term field assignments were pretty lucrative for the people who didn't have a lot of at-home cost.

After the 8 years he relocated back to the home office and I ran into him in the parking lot.

"So, Bob, you must have socked away a million dollars while you were on assignment. 8 years is a long time in the field but to be able to do that fairly early in your career had to give you a big leg up on savings."

"No, I spent it all."

I didn't believe it was even possible, but he really didn't save anything. He wasn't shy about telling people he lived it up like a boss the whole time.   From what others on field assignments have told me, without hardly trying you could put away $70K a year.

coconutindex

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Re: Overheard at Work
« Reply #18189 on: July 14, 2017, 01:24:21 AM »
That's so true. Childcare is max $120 per month. Less if the parents have low incomes.
And same for healthcare by the way. My ex husband had some serious health problems which required complicated surgery. Complications occured, he spent two months in ICU, seven more months at the hospital before discharge. We paid $12/day...

So what's the actual cost for childcare when you account for the higher taxes you pay your entire working career? Sucks for those folks who choose not to have kids or to have fewer than the average.

Interesting question, and the same could be said for health care.. A welfare state funded by high taxes will of course be most beneficial for people who actually are ill. But I think generally these things balance out. We have a high income, are very healthy and plan to have few kids so while we work we'll probably subsidize a few other families. But then again we got free education which enabled us to have those high incomes.. And statistically people like us tend to live long lives (=withdraw pensions for a long time).

Spawnstache

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Re: Overheard at Work
« Reply #18190 on: July 14, 2017, 01:48:27 AM »
That's so true. Childcare is max $120 per month. Less if the parents have low incomes.
And same for healthcare by the way. My ex husband had some serious health problems which required complicated surgery. Complications occured, he spent two months in ICU, seven more months at the hospital before discharge. We paid $12/day...

So what's the actual cost for childcare when you account for the higher taxes you pay your entire working career? Sucks for those folks who choose not to have kids or to have fewer than the average.

Yes, having no kids and being healthy makes you a loser in some ways. I guess you could beat the system with a really long college education (free), having loads of kids (preferrably sick ones) and then be really sick yourself but without dying so you can use the pension system a long time. Somehow I don't feel attracted to that kind of living.

But OVERHEARD AT WORK:
CW very happy about starting to work full time at new job because now they can buy a horse to daughter (11). Their neighbours have a horse which CW:s daughter can ride as much as she likes because their daughter (5) is to young to ride it. So basically a win-win, horse get exercise, CW:s daughter gets happy.
So why buy your own horse? Turns out daughter can't compete as much as she wants to. Right now competitions at least every other week, cost of at least $120 every time.

And by the way, new job increases commuting 1h/day.

Nope, I don't get it.


« Last Edit: July 14, 2017, 02:08:23 AM by Spawnstache »

shelivesthedream

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Re: Overheard at Work
« Reply #18191 on: July 14, 2017, 02:13:31 AM »
It's funny because I come from a rich upbringing with all that stuff - fancy school, new cars, huge house, etc. etc (all the money was lost when I was 13 or so). Facebook assures me that the majority of people who shared this sort of "right" upbringing with me are completely basic and in no way amazing. Many of them seem completely stupid and most are broke (or deeply in debt I assume from the disconnect in their lifestyle purchases and their occupations). So I'm not sure what the "right" sort of upbringing did for them.

This. I went to a fancy private school. The distribution of basic to amazing was pretty much the same as everywhere else in life. Sure, paying 10k a year plus means if your child is a bit thick they'll be hauled up to get mostly As instead of mostly Bs, but if you just ignore them outside school they'll still be a bit thick when they leave. It's a guilt complex for the parents, it's not for the children. You work too much to see/care about your children so you send them to an expensive school "for the children's benefit" so you work more to afford the school so you see them less. Then you wonder why they grow up with mental health problems. The case for a good half of my fellow pupils.
The "bit thick" kid left to the mercies of half of the UK state school system will be struggling to get 5 A to C GSCEs at 16 and 3 A level equivalents at any grade.  That's the real difference that privilege makes, not whether its As or Bs at A level.

Although the difference is more probably that your fancy private school filtered out the "bit thick" kids before they even got there.

The people I am describing (perhaps rather unkindly) are the people who really WOULD have got all Bs, but Mummy and Daddy wanted better for them. The children who are in the top 10% but not the top 1%. So they pay enough over the course of 18 years that they could have bought the child a house at 18 instead, or given them an investment account that would compound to fully support a traditional retirement.

The school hand-holds them up one level of attainment, maybe thy have tutors as well to hand-hold them further, it hand-holds them into a Russell Group university (because God forbid your child would do better at something that isn't a degree) - and then everyone lets go at once and the child is left much further out than they would have swum by themselves trying not to drown.

These are the children who would have done just fine because their parents are wealthy, well-educated and value achievement. The parents would be well able to help them with their homework or to develop a good career plan, but they would rather outsource it. So the parents choose to pay someone else to be involved with their children's lives instead, and are then surprised when they find out their children are anorexic or taking drugs. It is not a healthy way to parent your child and I do not think it offers value for money.

I know it's all "first world problems", you have too much money and little Timmy is sad that Mummy is too busy to play with him, but it fucks people up and is so unnecessary. But the parents believe they're doing it "for the kids", either because they're deluded or because they feel guilty.

ShoulderThingThatGoesUp

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Re: Overheard at Work
« Reply #18192 on: July 14, 2017, 04:38:37 AM »
Where I grew up, in Texas, private schools had a reputation for restricting where seniors could apply to college. You don't get to apply to the Ivies if you're not in the top few kids.

Texas also has a rule, or at least did, that if you're in the top ten percent of your graduating class, you automatically get into one of the flagship state universities, which are legitimately good schools. There's good and bad aspects to this, but it means that if you go to a "good" high school and don't make it into the top 10%, there's no room for you at UT-Austin or Texas A&M. So people spend bazillions to send their kid to a fancy private school, and then they get their college degree from UT-El Paso or similar.

(Nothing wrong with UTEP! But it's obviously not what those parents were after.)

Linda_Norway

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Re: Overheard at Work
« Reply #18193 on: July 14, 2017, 05:18:02 AM »
Today I told my boss that I really hoped we would get a paycheck in a couple of days, because I had spent all of my previous paycheck. Then I added that I had invested 5000 USD in stock last month. My boss just told me that she had children and therefore never can save anything.
My young colleague sitting beside me just asked what kind of stock I had invested in. I answered: just index funds. My boss concluded that I was saving well for a comfortable retirement at old age. Then I couldn't resist telling her that I intended to retire before the age of 67, not going into detail how long before that. She thought that sounded like a good idea, retiring at 62 (her conclusion). I hope to retire well before 50 (am now 44. :-)

MgoSam

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Re: Overheard at Work
« Reply #18194 on: July 14, 2017, 09:37:06 AM »
Where I grew up, in Texas, private schools had a reputation for restricting where seniors could apply to college. You don't get to apply to the Ivies if you're not in the top few kids.

Texas also has a rule, or at least did, that if you're in the top ten percent of your graduating class, you automatically get into one of the flagship state universities, which are legitimately good schools.

Yeah, I've heard of the 10% rule, and know someone who's parents switched him to public school after paying for private school all the way until he reached 9th grade for this reason.

For restricting what schools you can apply to, I'm not a fan of the heavy handedness of it but I can understand it from the school's perspective. If 20 people in a class of 200 are applying to Yale and most aren't academically reasonable, it can hurt the chances of the 1 or 2 that might have a shot at getting in. I imagine it wouldn't be hard for schools to restrict where their students can apply as to apply you need recommendations from teachers, counselor, and transcripts which teachers can refuse or make other excuses as can administrators. Not saying this right, but I'm sure it happens. I know that when I was applying I had the grades and scores so my counselor and the teachers wrote my recommendations but I'm sure that there were fellow classmates that were encouraged to set their sights lower when applying, though I doubt they were refused the ability to apply to Harvard had they wanted to.

BTDretire

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Re: Overheard at Work
« Reply #18195 on: July 14, 2017, 10:11:45 AM »
If you think Ramen is a cheap food, you are not making it right.
Cup Ramen don't count here since they lack half the stuff.
This looks like a good Ramen
http://extras.mnginteractive.com/live/media/site569/2013/0225/20130225__130228eat-ramen.jpg
Damn that looks good. I've done my share of dressed-up noodle dishes over the years, but not as much lately since DW isn't a soup girl.
Makes me wanna get back to it though, maybe next time she travels solo...

Quote
Except if you are one of those people who are more happy and more healthy with a pet.

Yeah, I seriously credit my dogs with a huge positive fitness/health impact. A few years into adulthood, after a pet-free military career, I settled down and got a puppy, and my mom sent me one of Cesar Millan's books. He may be right about some things and wrong about others, but I'll defend his view on dog exercise till I die... because it's kept my dogs healthy and happy, and because it also meant I get out 2-3 times a day with virtually no exceptions for the past decade, maybe 20 minutes on a busy day but generally 30+ and often over an hour. Without dogs, my baseline activity level could easily have been more like "nothing" for much of that time, but knowing that their health and well-being depended on it was enough to get me out there. And even when I'm doing well and rocking a much more intensive fitness routine, it still adds some calorie burn and basic toning, and helps me form and maintain connections with neighbors that so many people are lacking in these times. I could say more, but I don't wanna drone on forever...

 I work in an area where I see people walking there dogs regularly. The sad thing I see are so many that have not trained there dog to walk on a leash. They have them on a leash and the dog never stops pulling on the leash. It can not be joyful to constantly having the the dog pulling on your arm. It can't be fun for the dog to have it collar constantly pulling on it's neck either.
Train your dogs for a joyful walk people!

By the River

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Re: Overheard at Work
« Reply #18196 on: July 14, 2017, 12:26:12 PM »
Where I grew up, in Texas, private schools had a reputation for restricting where seniors could apply to college. You don't get to apply to the Ivies if you're not in the top few kids.

Texas also has a rule, or at least did, that if you're in the top ten percent of your graduating class, you automatically get into one of the flagship state universities, which are legitimately good schools. There's good and bad aspects to this, but it means that if you go to a "good" high school and don't make it into the top 10%, there's no room for you at UT-Austin or Texas A&M. So people spend bazillions to send their kid to a fancy private school, and then they get their college degree from UT-El Paso or similar.

(Nothing wrong with UTEP! But it's obviously not what those parents were after.)

Of course people will game any system and this has been gamed as well.  I've heard of some people whose kids are in the 11-15% range at one of the very good suburban schools renting apartments in an area with lesser schools for their kid's senior year.  Then stay in the apartment a few nights and have auto acceptance at UT or A&M. 

boarder42

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Re: Overheard at Work
« Reply #18197 on: July 14, 2017, 12:52:39 PM »
My kid expenses:

Daycare (until they get into school age 5ish): Averaged out to around $250 per week * 52 weeks (had to pay even if kid didn't go to keep our spot) * 3 kids * 4.5 years = $175,500.
Summer Care (wife is SAHM now so these were cut shorter): $250 per week * 16 weeks * (5 years for oldest, 3 years for middle kid, 1 year for youngest; 9 years) = $36,000
Difference in health care: $340/month vs. (29 + 34 - not adding the 34 due to wife going SAHM, but chioces were single and family) = $277 per month * 11 years so far, will be at least 17 if all kids are off health care by age 18: $59,832
Kid Activities: Swim lessons, piano lessons, soccer, football, dance, entertainment etc: about $345 a month ($115 each kid, 1st - 12th grade).  Started around the time youngest hit 1st grade, still going, so assume college it ends: $45,540
Assumed College Expenses: 100k each: $300k

Total for all three kids will be something like $616,872 not counting food/clothing, or $205,624 each.  I'm not claiming to be frugal with our kid expenses.  We spend a lot on experiential things like music and sports, but not much on clothing brands etc.

yeah and you're throwin 100k in for college - which is a crazy high number for college IMO.   so half you kid expense is college cost. 
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.

cheapass

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Re: Overheard at Work
« Reply #18198 on: July 14, 2017, 12:56:54 PM »
Of course people will game any system and this has been gamed as well.  I've heard of some people whose kids are in the 11-15% range at one of the very good suburban schools renting apartments in an area with lesser schools for their kid's senior year.  Then stay in the apartment a few nights and have auto acceptance at UT or A&M.

A former coworker and I were discussing the business idea of developing a totally bare-bones, minimalist apartment building in a really good school district. I'm talking like 100 sq ft. apartments (or whatever is the minimum to meet city code) that are technically a residence but are realistically unliveable. They would be rented solely as a mailing address to get access to the good school districts without the hundreds of thousands of dollars in extra housing cost.

sw1tch

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Re: Overheard at Work
« Reply #18199 on: July 14, 2017, 01:42:36 PM »
Of course people will game any system and this has been gamed as well.  I've heard of some people whose kids are in the 11-15% range at one of the very good suburban schools renting apartments in an area with lesser schools for their kid's senior year.  Then stay in the apartment a few nights and have auto acceptance at UT or A&M.

A former coworker and I were discussing the business idea of developing a totally bare-bones, minimalist apartment building in a really good school district. I'm talking like 100 sq ft. apartments (or whatever is the minimum to meet city code) that are technically a residence but are realistically unliveable. They would be rented solely as a mailing address to get access to the good school districts without the hundreds of thousands of dollars in extra housing cost.

This got me thinking of Bender's room in Futurama (size of a closet).

Anyhow, my wife suggested something like this for nomads to have a legal address that's an actual residence for banking purposes (and can be inhabited when actually local).  I mean the square footage of tiny houses is right around the same size (100-400).  This idea could be applied to both concepts (TX sounds like a good location to get 2 birds with one stone - schools + no state income tax).
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