Author Topic: Overheard at Work  (Read 7593672 times)

LennStar

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Re: Overheard at Work
« Reply #19350 on: November 28, 2017, 06:09:09 AM »
Net Neutrality is a bad thing. Imagine if Google decided to build a 50000 person office in your town. Imagine they refused to pay for the new roads that had to be built all around it to cover the enhanced load. Imagine they refused to cover the expense the hydro company had to incur to provide power to the place. Imagine they wouldnít listen to the water company instructions (ex. have 50 onsite sewage tanks, only pump sewage into the mainline during late evening and early hours).

Thatís basically what Netflix, Google, and Amazon have done. They want the ISPs to act like a utility, they donít want to treat them like utilities (where they have to pay for any undo burden), and they want to never be treated like a utility (see the whole episode with Google denying domain name registry).

ISPs ARE a utility - yours. You pay them after all, to provide YOU with whatever traffic YOU want.
What is on the other side does not has to interest them. In best case the ISP don't even know or can find out.
If "google" builds a big office (aka webpresence) they still have to pay to be connected to the backbone. That does not change without Net Neutrality. Or in gogles case they just build their own backbone I guess.

And the problem here are not the big companies, because a Google can easily pay a few hundred million way robbery fees. Its the small websites that can't do that. For example those that say that ISP X has shitty service. They for sure will have of that ISP slows them down to 64K.

You know, I had this NN thing here back in 2009 and following years. It upsets me that this is still on the table again and again, its like data rentention. Ruled unconstitutional? Then change it just that little bit that it could work.
We are in iteration 4 of that now.
« Last Edit: November 28, 2017, 06:11:00 AM by LennStar »

talltexan

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Re: Overheard at Work
« Reply #19351 on: November 28, 2017, 07:40:13 AM »
I suspect the rise of Fox News and Conservative talk radio is why the word "socialist" has become such an epithet today in the US.

I am fully aware of just how much farther to the right the US is than you other high-income countries. From my username, you probably think I'm one of the farthest right people in it ;-)

kayvent

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Re: Overheard at Work
« Reply #19352 on: November 28, 2017, 09:03:23 AM »
Net Neutrality is a bad thing. Imagine if Google decided to build a 50000 person office in your town. Imagine they refused to pay for the new roads that had to be built all around it to cover the enhanced load. Imagine they refused to cover the expense the hydro company had to incur to provide power to the place. Imagine they wouldnít listen to the water company instructions (ex. have 50 onsite sewage tanks, only pump sewage into the mainline during late evening and early hours).

Thatís basically what Netflix, Google, and Amazon have done. They want the ISPs to act like a utility, they donít want to treat them like utilities (where they have to pay for any undo burden), and they want to never be treated like a utility (see the whole episode with Google denying domain name registry).

ISPs ARE a utility - yours. You pay them after all, to provide YOU with whatever traffic YOU want.

What is on the other side does not has to interest them. In best case the ISP don't even know or can find out.
If "google" builds a big office (aka webpresence) they still have to pay to be connected to the backbone. That does not change without Net Neutrality. Or in gogles case they just build their own backbone I guess.

Part of this started because Netflix takes a plurality of internet traffic in the evening. Comcast wanted Netflix to pay to support the load. Netflix didn't want to.

Quote
And the problem here are not the big companies, because a Google can easily pay a few hundred million way robbery fees. Its the small websites that can't do that.

It is the opposite. Netflix, Google, Amazon, and the other big players don't want to pay for their out sized burden. They want their cost to be distributed onto everyone else.

It's like a rich guy that goes to the bar with two friends. His two friends each buy a cheap bud light, he buys two glasses of champagne. When the bill comes around, he says he'll pay half the bill since he had two glasses to their two.

In what other topic of life do you take the big, mega-Corp, multinational company's side thinking they are looking out for the little companies? They're looking out for themselves to the detriment of others.
« Last Edit: November 28, 2017, 09:08:20 AM by kayvent »

zolotiyeruki

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Re: Overheard at Work
« Reply #19353 on: November 28, 2017, 09:11:50 AM »
For those wishing to discuss Net Neutrality, there's a thread in the Off-topic subforum on the subject.

NoraLenderbee

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Re: Overheard at Work
« Reply #19354 on: November 28, 2017, 03:50:35 PM »
I suspect the rise of Fox News and Conservative talk radio is why the word "socialist" has become such an epithet today in the US.


"Socialism" has been a bogeyman here for a good 100 years. Remember how the US had to save the world from godless Soviet Communism?

Timodeus

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Re: Overheard at Work
« Reply #19355 on: November 29, 2017, 09:25:39 AM »
It's like a rich guy that goes to the bar with two friends. His two friends each buy a cheap bud light, he buys two glasses of champagne. When the bill comes around, he says he'll pay half the bill since he had two glasses to their two.

In what other topic of life do you take the big, mega-Corp, multinational company's side thinking they are looking out for the little companies? They're looking out for themselves to the detriment of others.

Taking away net neutrality allows for the following scenario:

It's like a rich guy that goes to the bar with two friends. The rich guy orders an expensive of champagne which arrives almost immediately and tastes great. His two friends don't have enough money to get the same type of champagne, they order a bud light which takes forever to arrive and frankly sucks. But hey, at least they don't have to pay for part of that champagne right?


sherr

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Re: Overheard at Work
« Reply #19356 on: November 29, 2017, 10:01:31 AM »
It's like a rich guy that goes to the bar with two friends. His two friends each buy a cheap bud light, he buys two glasses of champagne. When the bill comes around, he says he'll pay half the bill since he had two glasses to their two.

In what other topic of life do you take the big, mega-Corp, multinational company's side thinking they are looking out for the little companies? They're looking out for themselves to the detriment of others.

Taking away net neutrality allows for the following scenario:

It's like a rich guy that goes to the bar with two friends. The rich guy orders an expensive of champagne which arrives almost immediately and tastes great. His two friends don't have enough money to get the same type of champagne, they order a bud light which takes forever to arrive and frankly sucks. But hey, at least they don't have to pay for part of that champagne right?

But that's not analogous to the situation of the internet. It's more like:

A three friends go to a bar. The bartender is offering a subscription service of two beers per hour for a set price. They all sign up. Two friends only happen to drink one beer per hour, while the third actually drinks both. The bartender complains that that's unfair that he should actually have to live up to the terms of his agreement and wants to limit the two-per-hour drinker to only having bud light available.

ISPs can already charge champaign drinkers more than beer drinkers. It's called different rate plans. What they can't do, and shouldn't be allowed to do, is decide for you what you are allowed to do with your bandwidth that you've paid for.

shelivesthedream

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Re: Overheard at Work
« Reply #19357 on: November 29, 2017, 10:41:14 AM »
For those wishing to discuss Net Neutrality, there's a thread in the Off-topic subforum on the subject.
[/size]

Just Joe

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Re: Overheard at Work
« Reply #19358 on: November 29, 2017, 12:48:36 PM »
We bought a used car some time ago.

Coworker apparently liked it so they are talking today about buying a new car of a different brand but based on what they liked about our car.

Huh?

And why does it need to be new? They are hard on their cars inside and out. It won't look new within a week.

The logic here is hurting my brain.

Not my circus. Not my circus. Not my circus.
« Last Edit: November 29, 2017, 12:51:04 PM by Just Joe »

Miss Piggy

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Re: Overheard at Work
« Reply #19359 on: December 01, 2017, 06:55:39 AM »
Not my circus. Not my circus. Not my circus.

I was glad to read this at the end of your post. Your slight concern about the situation had me slightly concerned, and I was thinking "Guess whose problem this isn't? Yours." You beat me to it. :)

BuffaloStache

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Re: Overheard at Work
« Reply #19360 on: December 01, 2017, 10:09:18 AM »
We bought a used car some time ago.

Coworker apparently liked it so they are talking today about buying a new car of a different brand but based on what they liked about our car.

Huh?

And why does it need to be new? They are hard on their cars inside and out. It won't look new within a week.

The logic here is hurting my brain.

Not my circus. Not my circus. Not my circus.

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trollwithamustache

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Re: Overheard at Work
« Reply #19361 on: December 01, 2017, 03:56:56 PM »
For those wishing to discuss Net Neutrality, there's a thread in the Off-topic subforum on the subject.
[/size]

But all the millennials at work are talking about right now is Net Neutrality!
:)

shelivesthedream

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Re: Overheard at Work
« Reply #19362 on: December 01, 2017, 04:52:40 PM »
For those wishing to discuss Net Neutrality, there's a thread in the Off-topic subforum on the subject.
[/size]

But all the millennials at work are talking about right now is Net Neutrality!
:)

But all the millennials at my work, home and in my wider social circle are talking about are other things! :)

Just Joe

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Re: Overheard at Work
« Reply #19363 on: December 02, 2017, 02:04:18 PM »
Not my circus. Not my circus. Not my circus.

I was glad to read this at the end of your post. Your slight concern about the situation had me slightly concerned, and I was thinking "Guess whose problem this isn't? Yours." You beat me to it. :)

I work so closely with a small team of people so when a certain coworker does make bad decisions all we get to hear about for weeks or months is the details of their decision or consumer remorse. Thus my selfish concern about this purchase and the possibility that it will sink their family's budget. They make much less money than my family so their choice to emulate anything we do needs to be carefully decided.

The easy solution is to ban certain topics but I'm not in charge of anyone but me. This coworker likes to visit so they start out the day telling me the "news" and then repeat each time another coworker comes into our work area. I make myself scarce if possible to avoid hearing these stories repeat all morning.

Funny thing is I can tell when coworker is mulling a big purchase by the way they open and steer conversations. ;)

Next story from same coworker. Spouse misplaced 2000 dollars recently.

BuffaloStache

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Re: Overheard at Work
« Reply #19364 on: December 02, 2017, 03:20:51 PM »
...
Next story from same coworker. Spouse misplaced 2000 dollars recently.

I understand some people are loose with money... but $2k! That's ridiculous. I hope the spouse used it to buy your CW a very nice holiday gift.
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zolotiyeruki

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Re: Overheard at Work
« Reply #19365 on: December 02, 2017, 05:42:16 PM »
...
Next story from same coworker. Spouse misplaced 2000 dollars recently.

I understand some people are loose with money... but $2k! That's ridiculous. I hope the spouse used it to buy your CW a very nice holiday gift.
Sadly, it *can* happen.  I was secretly saving up cash to get something nice (Lasik) for DW.  It was a very discreet hiding spot.  Discreet enough that when she found the container with cash, she assumed it was trash, and threw it away.  That was a disturbing day for us...

ketchup

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Re: Overheard at Work
« Reply #19366 on: December 03, 2017, 06:50:42 AM »
...
Next story from same coworker. Spouse misplaced 2000 dollars recently.

I understand some people are loose with money... but $2k! That's ridiculous. I hope the spouse used it to buy your CW a very nice holiday gift.
Sadly, it *can* happen.  I was secretly saving up cash to get something nice (Lasik) for DW.  It was a very discreet hiding spot.  Discreet enough that when she found the container with cash, she assumed it was trash, and threw it away.  That was a disturbing day for us...
My girlfriend nearly threw away a grocery bag with 4x $500 VGCs in it that I left in our living room... that was at least 60% on me but it was pretty scary.

With This Herring

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Re: Overheard at Work
« Reply #19367 on: December 03, 2017, 07:38:16 PM »
...
Next story from same coworker. Spouse misplaced 2000 dollars recently.

I understand some people are loose with money... but $2k! That's ridiculous. I hope the spouse used it to buy your CW a very nice holiday gift.
Sadly, it *can* happen.  I was secretly saving up cash to get something nice (Lasik) for DW.  It was a very discreet hiding spot.  Discreet enough that when she found the container with cash, she assumed it was trash, and threw it away.  That was a disturbing day for us...
My girlfriend nearly threw away a grocery bag with 4x $500 VGCs in it that I left in our living room... that was at least 60% on me but it was pretty scary.
Ugh, yes.  Years ago, DBF lost most of his paycheck.  Every other time he deposited it (tiny ER didn't offer direct deposit), but this time he cashed it for a wedding gift and for cash on hand for travel to said wedding.  Somewhere on the road it fell out of his pocket.  We never found it.

In more amusing history, my family had a dentist and his wife as friends.  The wife used to get exasperated with her husband because the cash payments he received ended up scattered about their house in his jacket pockets, random bags, etc.  She never knew when she'd find a few thousand dollars in some odd place.
Go soak your beans.  You know you keep forgetting.

tallen

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Re: Overheard at Work
« Reply #19368 on: December 03, 2017, 07:42:38 PM »
I mentioned to a coworker friday that my paychecks are a lot bigger now that I've maxed out my 401k for the year. He replies by saying "Wow, and thought I put a lot in. I thought I put more in than anyone else here." Impressed, and happy to have another big saver at work I asked him how much he puts in. "9%" I'm still dumbfounded that someone only putting 9% into the 401k can think they are the biggest contributor!

Linda_Norway

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Re: Overheard at Work
« Reply #19369 on: December 04, 2017, 12:34:08 AM »
I mentioned to a coworker friday that my paychecks are a lot bigger now that I've maxed out my 401k for the year. He replies by saying "Wow, and thought I put a lot in. I thought I put more in than anyone else here." Impressed, and happy to have another big saver at work I asked him how much he puts in. "9%" I'm still dumbfounded that someone only putting 9% into the 401k can think they are the biggest contributor!

How much do you put in then?

aceyou

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Re: Overheard at Work
« Reply #19370 on: December 04, 2017, 03:37:41 AM »
I mentioned to a coworker friday that my paychecks are a lot bigger now that I've maxed out my 401k for the year. He replies by saying "Wow, and thought I put a lot in. I thought I put more in than anyone else here." Impressed, and happy to have another big saver at work I asked him how much he puts in. "9%" I'm still dumbfounded that someone only putting 9% into the 401k can think they are the biggest contributor!

Well, he probably is one of the very biggest contributors:)

Dabnasty

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Re: Overheard at Work
« Reply #19371 on: December 04, 2017, 08:42:44 AM »
I mentioned to a coworker friday that my paychecks are a lot bigger now that I've maxed out my 401k for the year. He replies by saying "Wow, and thought I put a lot in. I thought I put more in than anyone else here." Impressed, and happy to have another big saver at work I asked him how much he puts in. "9%" I'm still dumbfounded that someone only putting 9% into the 401k can think they are the biggest contributor!

Well, he probably is one of the very biggest contributors:)

Ya, I just assume most people put in enough for the match or less. For someone who is unaware that there are loopholes to get money out before you retire at 65 I would imagine they aren't interested in contributing much to a 401k.

GnomeErcy

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Re: Overheard at Work
« Reply #19372 on: December 04, 2017, 09:18:23 AM »
I mentioned to a coworker friday that my paychecks are a lot bigger now that I've maxed out my 401k for the year. He replies by saying "Wow, and thought I put a lot in. I thought I put more in than anyone else here." Impressed, and happy to have another big saver at work I asked him how much he puts in. "9%" I'm still dumbfounded that someone only putting 9% into the 401k can think they are the biggest contributor!

How does your matching work (if you have any)? Are you leaving money on the table by maxing before your final paycheck of the year (if that's the case) or nah?

Also I assume he doesn't make $200k haha. Most people at my old job only did 4% to get the employer match.

MrMoogle

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Re: Overheard at Work
« Reply #19373 on: December 04, 2017, 11:31:14 AM »
I mentioned to a coworker friday that my paychecks are a lot bigger now that I've maxed out my 401k for the year. He replies by saying "Wow, and thought I put a lot in. I thought I put more in than anyone else here." Impressed, and happy to have another big saver at work I asked him how much he puts in. "9%" I'm still dumbfounded that someone only putting 9% into the 401k can think they are the biggest contributor!

This is a little old, but here's my 401k contribution story.  Between 401k and ESOP, our company contributes 10% of our salary (even if you put nothing in), so it's pretty good.  At the beginning of last year, they switched 401k providers.  If you were already contributing to your 401k, they kept your rate alone, but if you were not, they automatically enrolled you into it at 5%. 

They sent out a pamphlet talking about all this, and I read it, since you know, it's about my money.  Then the first paycheck of the year, I made sure my contribution rate was what it was before, and it was. 

6 weeks later, our department head makes a comment in one of our meetings, because he just figured out where his money was going.  He was auto-enrolled, and no one told him!!  We all should check ours to see if we were auto-enrolled too, and to fix it if it wasn't what we wanted.  Then about half the people in the meeting get upset and go set their percentage back to 0 after the meeting.  They both never read the pamphlet or changed to back to 0%.  I'm guessing some of the rest had read it and already changed it.

I'm guessing 9% is above the median here.

Goldielocks

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Re: Overheard at Work
« Reply #19374 on: December 04, 2017, 01:47:34 PM »
I mentioned to a coworker friday that my paychecks are a lot bigger now that I've maxed out my 401k for the year. He replies by saying "Wow, and thought I put a lot in. I thought I put more in than anyone else here." Impressed, and happy to have another big saver at work I asked him how much he puts in. "9%" I'm still dumbfounded that someone only putting 9% into the 401k can think they are the biggest contributor!

This is a little old, but here's my 401k contribution story.  Between 401k and ESOP, our company contributes 10% of our salary (even if you put nothing in), so it's pretty good.  At the beginning of last year, they switched 401k providers.  If you were already contributing to your 401k, they kept your rate alone, but if you were not, they automatically enrolled you into it at 5%. 

They sent out a pamphlet talking about all this, and I read it, since you know, it's about my money.  Then the first paycheck of the year, I made sure my contribution rate was what it was before, and it was. 

6 weeks later, our department head makes a comment in one of our meetings, because he just figured out where his money was going.  He was auto-enrolled, and no one told him!!  We all should check ours to see if we were auto-enrolled too, and to fix it if it wasn't what we wanted.  Then about half the people in the meeting get upset and go set their percentage back to 0 after the meeting.  They both never read the pamphlet or changed to back to 0%.  I'm guessing some of the rest had read it and already changed it.

I'm guessing 9% is above the median here.
Hey,  maybe they are all financially secure and don't need anything more than 10% (or even the company 10% is excessive for them).

i know that I am FIRED now, and if I went back to work, it would be for immediate spending / vacations / car purchases / restaurant money, not for FIRE so I would want it all today.   I actually turned down a job 8 years ago for another one, because the first one had a "forced" 18% contribution rate to a pension that could not be touched until retirement, yet I was almost fully funded for FIRE and needed the salary money in the current year for kid related expenses.

tallen

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Re: Overheard at Work
« Reply #19375 on: December 04, 2017, 02:33:25 PM »
I mentioned to a coworker friday that my paychecks are a lot bigger now that I've maxed out my 401k for the year. He replies by saying "Wow, and thought I put a lot in. I thought I put more in than anyone else here." Impressed, and happy to have another big saver at work I asked him how much he puts in. "9%" I'm still dumbfounded that someone only putting 9% into the 401k can think they are the biggest contributor!

How much do you put in then?

I set it at 30%

tallen

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Re: Overheard at Work
« Reply #19376 on: December 04, 2017, 02:42:05 PM »
I mentioned to a coworker friday that my paychecks are a lot bigger now that I've maxed out my 401k for the year. He replies by saying "Wow, and thought I put a lot in. I thought I put more in than anyone else here." Impressed, and happy to have another big saver at work I asked him how much he puts in. "9%" I'm still dumbfounded that someone only putting 9% into the 401k can think they are the biggest contributor!

How does your matching work (if you have any)? Are you leaving money on the table by maxing before your final paycheck of the year (if that's the case) or nah?

Also I assume he doesn't make $200k haha. Most people at my old job only did 4% to get the employer match.

Not leaving anything on the table, they match 3% and put it in lump sum sometime during the 1st quarter of the following year. Definitely not making $200k, lol. Our base pay is right around $50k, but it's pretty easy to add another $10-20k of overtime pay to that during the year.

dragoncar

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Re: Overheard at Work
« Reply #19377 on: December 05, 2017, 01:58:49 AM »
I contribute 110% to my 401k, the same amount of effort I put in everyday at work

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Re: Overheard at Work
« Reply #19378 on: December 05, 2017, 11:48:04 AM »
I contribute 110% to my 401k, the same amount of effort I put in everyday at work

Ditto. Only have to remove the two leading ones for me.
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Re: Overheard at Work
« Reply #19379 on: December 05, 2017, 06:40:02 PM »
A security guard at my workplace was commenting on how she needed overtime hours because she just bought a $682 pair of shoes. 
This comment was made to a co-worker who I know for a fact is good with her money, because she is retiring in a few weeks.  I commented that amount of money was like over 2 months of my grocery bill which is my second highest monthly cost.  The thrifty co-worker one upped me by stating that was more like 5 or 6 months groceries for her. 

$680 is probably about what that girl grosses in a week, maybe more.  I can't imagine.  I won't spend $682 on shoes over the next two years.

RWD

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Re: Overheard at Work
« Reply #19380 on: December 05, 2017, 08:03:01 PM »
I won't spend $682 on shoes over the next two years.

That's more than we (two people) have spent on all our clothes, including shoes, annually. $682 would probably buy me at least a couple decades worth of shoes.

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Re: Overheard at Work
« Reply #19381 on: December 06, 2017, 07:26:46 AM »
Coworker I know is very much in debt and just did Financial Peace University this year....Bought a new 7.5' Christmas tree at Costco ($289) because she had a $120 rebate check to spend so it made it the same price as other not at nice trees not at Costco.  Her old tree was "shedding" and the light strands didn't all work. This one has both white and LED lights.  Sigh.  I love her, but the math does not add up. She's in IT, I'm in accounting.  I just listen vs. recommend now.  She's doing so much better in a lot of areas. We have a 12 year old tree from Costco that is missing lights in 2 spots.  She knew I was looking at trees too.  I will be buying my next tree AFTER Christmas, but I've been saying that for 2 years now.... 
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Re: Overheard at Work
« Reply #19382 on: December 06, 2017, 07:51:46 AM »
I prefer live trees but would be open to getting an artificial pre strung tree, and keeping it for at least 10 years for both the cost but mostly the convenience. But my kids insist on a live tree. Our tradition is to pick it out at a local non-for profit organization, it's around $60. Maybe this weekend. 

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Re: Overheard at Work
« Reply #19383 on: December 06, 2017, 08:00:15 AM »
So....  someone blasted out a company-wide email this morning.  Text is posted below.
Even worst, they did it from a proxy account, apparently not wanting to put their own name on it (instead it says "Purchasing_Department@company.com"). 

"
If you have not heard of Bitcoin yet, they say it is the money of the future. Internet money. I was given this video to watch and it really opened my eyes to it. Since August my wife and I have gained 175% on our investment. Better then any banking institution can ever give you.
 
Do some research for yourself. At the starting of this year, Bitcoins were $759.64 each, now they are over $12887.01 each. They are expected to rise very quickly.

 
https://youtu.be/7Ua3H9J3ibE
 
https://www.bitcoin.com/
 
Thanks
"

[bolding emphasis the writer's]


Not trying to start a bitcoin / cryptocurrency debate...  but LOL!  Company wide.
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Dollar Slice

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Re: Overheard at Work
« Reply #19384 on: December 06, 2017, 08:17:02 AM »
Just hearing the phrase "internet money" makes me want to run away from that 'investment'.
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ketchup

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Re: Overheard at Work
« Reply #19385 on: December 06, 2017, 08:50:38 AM »
Just hearing the phrase "internet money" makes me want to run away from that 'investment'.
Yeah, that's a really awful way to try to drum up support for Bitcoin.  And I say that as someone bullish on Bitcoin and excited about the tech behind it.

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Re: Overheard at Work
« Reply #19386 on: December 06, 2017, 08:52:51 AM »
So....  someone blasted out a company-wide email this morning.  Text is posted below.
Even worst, they did it from a proxy account, apparently not wanting to put their own name on it (instead it says "Purchasing_Department@company.com"). 

<snipped for length... basically an investment endorsement>

Not trying to start a bitcoin / cryptocurrency debate...  but LOL!  Company wide.

Where I work, and in many other places as well, people can lose their jobs for spamming the company with a commercial message like that. It's considered a misuse of company resources and it's taken very seriously. It doesn't matter if you're hawking MLM products, the chocolates your kid is selling for his sport team's fund raiser, an investment opportunity, a betting pool, a hot new penny stock, or a timeshare offer. An E-mail like this is a blatant attempt to drive the price of bitcoins up for speculative purposes. The fact it was sent from a proxy account is evidence the person who sent it knew it was wrong to use the computer system that way, obviously. If I worked at that company I'd have the IT department track down the originator of that E-mail and start disciplinary proceedings.
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ketchup

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Re: Overheard at Work
« Reply #19387 on: December 06, 2017, 09:00:27 AM »
If I worked at that company I'd have the IT department track down the originator of that E-mail and start disciplinary proceedings.
As half of an IT department, I would love be in charge of hunting them down.  It probably wouldn't be hard.

Dollar Slice

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Re: Overheard at Work
« Reply #19388 on: December 06, 2017, 10:23:16 AM »
Just hearing the phrase "internet money" makes me want to run away from that 'investment'.
Yeah, that's a really awful way to try to drum up support for Bitcoin.  And I say that as someone bullish on Bitcoin and excited about the tech behind it.

It sounds like the sort of thing you'd say if you were trying to scam a little old lady into buying Bitcoins for all her grandkids for Christmas. (And then the "Bitcoins" turn out to be gift cards to BlTCOlN.com or something.)
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TexasRunner

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Re: Overheard at Work
« Reply #19389 on: December 06, 2017, 10:37:54 AM »
Ya, there were several follow up emails about internet policy, "things you need to know before investing in bitcoin" and the proxy email account guidelines.  I'm betting the person gets a pretty strict talking to but probably not terminable.

As a mustachian and investor, I get the idea behind bitcoin and diversification into new markets (albeit entering them conservatively), but this was just really really bad phrasing and method of sending it out.

It probably wouldn't have been a big deal at all if (1) they had asked first and (2) they had made the email an invite to a lunch-and-learn or something similar and less like a spam-bot.  lol

Either way, goes to show how imbalanced (not sure if thats quite the right word) people are about investing, and the fact that I'm probably one of three people here who has anything even closely resembling an investment strategy.
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mm1970

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Re: Overheard at Work
« Reply #19390 on: December 06, 2017, 01:14:08 PM »
Coworker I know is very much in debt and just did Financial Peace University this year....Bought a new 7.5' Christmas tree at Costco ($289) because she had a $120 rebate check to spend so it made it the same price as other not at nice trees not at Costco.  Her old tree was "shedding" and the light strands didn't all work. This one has both white and LED lights.  Sigh.  I love her, but the math does not add up. She's in IT, I'm in accounting.  I just listen vs. recommend now.  She's doing so much better in a lot of areas. We have a 12 year old tree from Costco that is missing lights in 2 spots.  She knew I was looking at trees too.  I will be buying my next tree AFTER Christmas, but I've been saying that for 2 years now....
I paid $99 for my fake tree in 1994.  Every year, it sheds.  Every year, I think this is the last year. 

Still going strong.  No lights on it or anything.

RidetheRain

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Re: Overheard at Work
« Reply #19391 on: December 06, 2017, 01:49:00 PM »
Coworker I know is very much in debt and just did Financial Peace University this year....Bought a new 7.5' Christmas tree at Costco ($289) because she had a $120 rebate check to spend so it made it the same price as other not at nice trees not at Costco.  Her old tree was "shedding" and the light strands didn't all work. This one has both white and LED lights.  Sigh.  I love her, but the math does not add up. She's in IT, I'm in accounting.  I just listen vs. recommend now.  She's doing so much better in a lot of areas. We have a 12 year old tree from Costco that is missing lights in 2 spots.  She knew I was looking at trees too.  I will be buying my next tree AFTER Christmas, but I've been saying that for 2 years now....
I paid $99 for my fake tree in 1994.  Every year, it sheds.  Every year, I think this is the last year. 

Still going strong.  No lights on it or anything.

My tree is $65 and I'm really excited for a long distance move that will justify tossing it and getting a fresh $65 tree!
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MgoSam

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Re: Overheard at Work
« Reply #19392 on: December 06, 2017, 02:46:01 PM »
Coworker I know is very much in debt and just did Financial Peace University this year....Bought a new 7.5' Christmas tree at Costco ($289) because she had a $120 rebate check to spend so it made it the same price as other not at nice trees not at Costco.  Her old tree was "shedding" and the light strands didn't all work. This one has both white and LED lights.  Sigh.  I love her, but the math does not add up. She's in IT, I'm in accounting.  I just listen vs. recommend now.  She's doing so much better in a lot of areas. We have a 12 year old tree from Costco that is missing lights in 2 spots.  She knew I was looking at trees too.  I will be buying my next tree AFTER Christmas, but I've been saying that for 2 years now....
I paid $99 for my fake tree in 1994.  Every year, it sheds.  Every year, I think this is the last year. 

Still going strong.  No lights on it or anything.

My tree is $65 and I'm really excited for a long distance move that will justify tossing it and getting a fresh $65 tree!

I don't care for a tree in my house but I did enjoy setting up the fake tree we had each year with my siblings. My mom would just buy a tree every few years after Christmas.  I know shocking......., I bet no one on MMM ever thought to do that ;-).

Apple_Tango

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Re: Overheard at Work
« Reply #19393 on: December 06, 2017, 04:32:31 PM »
I drive around a lot for work, and a new worker was shadowing me one day. I usually listen to podcasts, and I happened to be listening to Dave Ramsey that day. So he goes off on his debt-free spiel, and the coworker (who is at least a decade older than me, with a few kids) said "oh no, that's ridiculous. No one can be debt free!" I low key asked her about her investment strategy and she said that she doesn't invest. Not even in the 401k. I felt really bad for her but didn't want to overload her with info so I didn't say too much beyond recommending that she look into the 401k program. 
It's a lateral freeze down during the melt up.  Soon to be followed by the transverse falling bounce and the transient index inversion short, both of which are also strong sell signals in this buyer's market.

RidetheRain

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Re: Overheard at Work
« Reply #19394 on: December 06, 2017, 05:47:27 PM »
I drive around a lot for work, and a new worker was shadowing me one day. I usually listen to podcasts, and I happened to be listening to Dave Ramsey that day. So he goes off on his debt-free spiel, and the coworker (who is at least a decade older than me, with a few kids) said "oh no, that's ridiculous. No one can be debt free!" I low key asked her about her investment strategy and she said that she doesn't invest. Not even in the 401k. I felt really bad for her but didn't want to overload her with info so I didn't say too much beyond recommending that she look into the 401k program.

Ouch. That hurts. I had a friend say something similar and I made a joke that 30-yr mortgages do seem like forever. They definitely looked at me like I was crazy. Apparently, mortgage debt wasn't the kind of debt they were thinking about... oops...
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Linda_Norway

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Re: Overheard at Work
« Reply #19395 on: December 08, 2017, 01:18:12 AM »
I drive around a lot for work, and a new worker was shadowing me one day. I usually listen to podcasts, and I happened to be listening to Dave Ramsey that day. So he goes off on his debt-free spiel, and the coworker (who is at least a decade older than me, with a few kids) said "oh no, that's ridiculous. No one can be debt free!" I low key asked her about her investment strategy and she said that she doesn't invest. Not even in the 401k. I felt really bad for her but didn't want to overload her with info so I didn't say too much beyond recommending that she look into the 401k program.

This sounds like a very good advise, to get her started somewhere.

But let's hope she prioritizes paying off her hair-burning debts first.

My DH has read a newspaper article that suggested that our society today is causing people to easily get in a difficult situation. If you start with consumer debt, and of course only pay the minimum amounts, the debt will grow enormously and it might seem impossible for people to come out of it.
There might be something to it. Back in time people didn't have credit cards and wouldn't be granted a loan for buying stuff they don't need. Nowadays those people get encouraged to get credit cards. You even get rewarded for it.

shelivesthedream

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Re: Overheard at Work
« Reply #19396 on: December 08, 2017, 01:33:21 AM »
I drive around a lot for work, and a new worker was shadowing me one day. I usually listen to podcasts, and I happened to be listening to Dave Ramsey that day. So he goes off on his debt-free spiel, and the coworker (who is at least a decade older than me, with a few kids) said "oh no, that's ridiculous. No one can be debt free!" I low key asked her about her investment strategy and she said that she doesn't invest. Not even in the 401k. I felt really bad for her but didn't want to overload her with info so I didn't say too much beyond recommending that she look into the 401k program.

This sounds like a very good advise, to get her started somewhere.

But let's hope she prioritizes paying off her hair-burning debts first.

My DH has read a newspaper article that suggested that our society today is causing people to easily get in a difficult situation. If you start with consumer debt, and of course only pay the minimum amounts, the debt will grow enormously and it might seem impossible for people to come out of it.
There might be something to it. Back in time people didn't have credit cards and wouldn't be granted a loan for buying stuff they don't need. Nowadays those people get encouraged to get credit cards. You even get rewarded for it.

I was talking to my husband about those awful high street rent-to-own furniture places and payday loan shops and how insidious they are, and jokingly wishing that all loans could be given out by real loan sharks who hang around on street corners and break your legs if you don't make your payments because at least then it would feel like you were getting a dodgy and inadvisable loan, rather than just buying furniture or getting a little advance.

Playing with Fire UK

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Re: Overheard at Work
« Reply #19397 on: December 08, 2017, 02:17:57 AM »
I was talking to my husband about those awful high street rent-to-own furniture places and payday loan shops and how insidious they are, and jokingly wishing that all loans could be given out by real loan sharks who hang around on street corners and break your legs if you don't make your payments because at least then it would feel like you were getting a dodgy and inadvisable loan, rather than just buying furniture or getting a little advance.

I would strongly support this. Maybe it could look similar to the fridge efficiency traffic-light charts, but instead of a deep red colour, it has a picture of a shark carrying a baseball bat.

Having said that: how messed up are the collective priorities when it is mandatory to have an incredibly intuitive sticker on a fridge, but not the eye-wateringly expensive rent-to-buy agreement to buy the fridge. When Mustachians come to power I will nominate @shelivesthedream as the Minister of Finance.

FrugalByChance

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Re: Overheard at Work
« Reply #19398 on: December 08, 2017, 02:51:14 AM »
In the Netherlands there are rules for ads that involve credit. The requirement is to include the credit warning "Watch out! Borrowing Money Costs Money" (Let op! Geld lenen kost geld) in any credit advertisement, other than those related to mortgages,

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Linda_Norway

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Re: Overheard at Work
« Reply #19399 on: December 08, 2017, 02:55:47 AM »
In the Netherlands there are rules for ads that involve credit. The requirement is to include the credit warning "Watch out! Borrowing Money Costs Money" (Let op! Geld lenen kost geld) in any credit advertisement, other than those related to mortgages,



Wow! Smart!

Een goede zaak.