Author Topic: Overheard at Work  (Read 6262774 times)

lpep

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Re: Overheard at Work
« Reply #4050 on: September 03, 2014, 05:25:09 AM »
My dad used to commute to DC from our Annapolis suburb in the early eighties.  But... he carpooled with 3 other people. They all took turns and they became great friends.  One of his carpool buddies was Dorothea.  She was a lawyer.  She was one of 2 women in her graduating class from law school in the early forties.  She became a family fixture and had a profound effect on me and my siblings growing up.  Her favorite phrase was, "Don't give me that shit!"  I loved her. 

Unexpectedly good things can come from frugal solutions.

I LOVE this!

This woman sounds like an SNL character, in the best of ways.

CU Tiger

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Re: Overheard at Work
« Reply #4051 on: September 03, 2014, 05:59:04 AM »
Woman co-worker, aged somewhere in her late thirties, hates her job. Loudly and at every opportunity tells me that she begs her husband to "let her quit." He says they cannot afford that.

Ignoring the fact that her relationship with her husband sounds like a horrorshow, It makes me nuts, because she and her husband fly to Vegas twice a year for a week of shows and gambling. Since we in Maryland legalized table games, they also go to local casinos a couple of times a month.

She said "If he would let me quit work, I would not need to go gambling. But I have to do something I enjoy to make up for working here." At which point my head imploded and I walked away mumbling to myself and weeping softly.
There are two ways to get enough: one is to continue to accumulate more and more. The other is to desire less. - G.K. Chesterton

RWD

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Re: Overheard at Work
« Reply #4052 on: September 03, 2014, 08:48:40 AM »
I knew a guy at work who commuted from Los Banos to San Jose everyday.

That's 85 miles and 2 hours each way.  I just didn't get it.

A decent 3-bedroom house can be had for under 150k. A similar house in or near SJ costs, what, 700k? A cool million?

So he essentially picked up a part time job of commuting. In return, his house is 5x cheaper. The ~600k difference or so in price may well be worth the commute. According to fed rates of 56 cents a mile, that's about $25k a year plus sanity... you do the math, ~600k vs ~25k a year.

Assuming $600k more mortgage at 4% works out to $24k extra in interest for a year. So the commuting costs $1k more per year plus 1,000 hours spent in a car per year... I'll take the expensive, closer house, thank you.

But 600k in Los Banos probably gets you a 4 bedroom house on a big lot while 600k in San Jose gets you a 2 or 3 bedroom condo in maybe a decent part of town.  I don't advocate the commute but it's more than just comparing dollar cost.

The initial premise was equivalent houses. $750k in San Jose, $150k in Los Banos.

Keeping the amount spent on a house the same is a different argument. In that case you can just ask yourself if the $25k plus 1,000 hours of your time per year is worth the bigger house. Of course, if you're considering a $600k house in Los Banos, you could afford a $1.2 million house in San Jose for the same amount once you factor in the cost of commuting.

Alternatively, you could look for a job in Los Banos and get the cheaper house and short commute...

zataks

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Re: Overheard at Work
« Reply #4053 on: September 03, 2014, 10:14:43 AM »

Assuming $600k more mortgage at 4% works out to $24k extra in interest for a year. So the commuting costs $1k more per year plus 1,000 hours spent in a car per year... I'll take the expensive, closer house, thank you.

But 600k in Los Banos probably gets you a 4 bedroom house on a big lot while 600k in San Jose gets you a 2 or 3 bedroom condo in maybe a decent part of town.  I don't advocate the commute but it's more than just comparing dollar cost.
[/quote]

The initial premise was equivalent houses. $750k in San Jose, $150k in Los Banos.

Keeping the amount spent on a house the same is a different argument. In that case you can just ask yourself if the $25k plus 1,000 hours of your time per year is worth the bigger house. Of course, if you're considering a $600k house in Los Banos, you could afford a $1.2 million house in San Jose for the same amount once you factor in the cost of commuting.

Alternatively, you could look for a job in Los Banos and get the cheaper house and short commute...
[/quote]

So if you're talking about a $600k cost disparity, you can't look at the cost of interest alone, right?  Because you're getting an equivalent house for ($600kcheaper+interest)-(commute hours+commute costs).  Again, I don't disagree that commuting is silly, but the cost is not $1000/year+4 hours/daily difference. 

RWD

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Re: Overheard at Work
« Reply #4054 on: September 03, 2014, 10:32:21 AM »
So if you're talking about a $600k cost disparity, you can't look at the cost of interest alone, right?  Because you're getting an equivalent house for ($600kcheaper+interest)-(commute hours+commute costs).  Again, I don't disagree that commuting is silly, but the cost is not $1000/year+4 hours/daily difference.

You would also need to consider property tax ($8k/yr extra?) and insurance ($3k/yr extra?) plus some other minor factors. I assume utilities and maintenance would be similar for similar sized houses. So taking that into account it would cost an additional $10k/year for the San Jose location. So your part time job of commuting would be earning you $10/hour.

I haven't actually gone and looked at housing costs in the two areas, I just went off the previous assumptions. Perhaps there is a third option which is a nicer compromise of commuting distance vs housing costs?

CheapskateWife

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Re: Overheard at Work
« Reply #4055 on: September 03, 2014, 10:32:32 AM »
Not at my work but DH's office.  He is a senior warrant officer working in a place where there are lots of federal employees; most of whom are themselves retired military working second careers.

He was in a conversation with a retired CW5 working in a DOD GS12/13 situation.  His wife is also a GS employee...so with the pension and both incomes, one could imagine that they are pulling in a combined $150K per year, easy.  But he has expensive hobbies...racing cars.  Built a Cobra kit, has a Hot Rod VW....built a shop last year and installed his own paint booth.  It has never been used.

Get this though.  DH is a motor head, but we don't have cable so don't watch races or anything like that.  He just loves fixing cars.  When co-worker told him it was time to join the rest of the 21st century and get cable, DH simply said that rather than watch cars go round in circles, he would rather watch his portfolio growth exceed his income.  Co-worker was absolutely floored. 

Poor guy couldn't even fathom the idea that if he and the missus just stopped spending, he could stop working.  Co-worker is easily 15 years older than my DH and has no plans to retire from his second career.  He is just that far underwater.

We have 5 years to FIRE....


gimp

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Re: Overheard at Work
« Reply #4056 on: September 03, 2014, 11:21:42 AM »
Perhaps there is a third option which is a nicer compromise of commuting distance vs housing costs?

It's all a fun spectrum of things you can do, and things people do. If you think of house prices like a heat map, you get a lot of choice into cost vs distance along the spectrum. In addition, this being the bay area, if you're in tech, you have a lot of options open to reduce the burden of commuting. For example, as people get more senior, many start to work from home some days - up to where they're only in the office two days a week. That right there cuts out 60% of the commute cost. Many companies offer buses; they could drive to Gilroy or Morgan Hill and take the bus; this doesn't save time, but it saves 25-50% of the commute cost. Then of course there's carpooling, which you can do anywhere, but makes much more sense 85 miles away than 10 miles away - where I live, carpooling would likely double or triple my commute time so it's a no-go. For them, it might add on an extra five or ten minutes but save half the gas cost, which may well be $20-30 a day. Let's see, now we move on to the realm of fun tricks I've seen: you could fly. Los Banos to Morgan Hill would take only about 20 minutes, though there is the time to get the plane on and off the runway. Or, here's a much simpler alternative: drive during off-peak hours; your two-hour commute turns into an hour fifteen, saving you a hell of a lot of sanity (3/8ths the time saved). And to save on cost, drive a car that doesn't eat 56 cents a mile; plenty are more in the 30 range.

In summary, there are a _lot_ of ways to make it work in such a way that you're not losing money. I won't comment on the loss of sanity...

If it was me in my current situation, it'd be a fairly trivial solution - I'd just drive in after traffic (getting to work around 11) and leave after traffic (10ish); since I love driving, and I know that particular drive is pretty nice when you're relaxed and not in traffic, I could do it. Downside would be less of a social life. I don't feel like doing that, hence, I rent.

I'm not saying it's the best solution, I'm saying that purely money-wise, you can make it work and come out ahead, if you're willing to pick up a part-time job of commuting to and from work in exchange for that money.

Elderwood17

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Re: Overheard at Work
« Reply #4057 on: September 03, 2014, 12:07:27 PM »
Woman co-worker, aged somewhere in her late thirties, hates her job. Loudly and at every opportunity tells me that she begs her husband to "let her quit." He says they cannot afford that.

Ignoring the fact that her relationship with her husband sounds like a horrorshow, It makes me nuts, because she and her husband fly to Vegas twice a year for a week of shows and gambling. Since we in Maryland legalized table games, they also go to local casinos a couple of times a month.

She said "If he would let me quit work, I would not need to go gambling. But I have to do something I enjoy to make up for working here." At which point my head imploded and I walked away mumbling to myself and weeping softly.

That is sad.  I too hear a number of coworkers who don't want to work say their SO won't let them quit, and then they spend money like crazy elsewhere.  Sad.

No Name Guy

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Re: Overheard at Work
« Reply #4058 on: September 03, 2014, 01:36:21 PM »
Woman co-worker, aged somewhere in her late thirties, hates her job. Loudly and at every opportunity tells me that she begs her husband to "let her quit." He says they cannot afford that.

Ignoring the fact that her relationship with her husband sounds like a horrorshow, It makes me nuts, because she and her husband fly to Vegas twice a year for a week of shows and gambling. Since we in Maryland legalized table games, they also go to local casinos a couple of times a month.

She said "If he would let me quit work, I would not need to go gambling. But I have to do something I enjoy to make up for working here." At which point my head imploded and I walked away mumbling to myself and weeping softly.

That is sad.  I too hear a number of coworkers who don't want to work say their SO won't let them quit, and then they spend money like crazy elsewhere.  Sad.

I suspect a lot of people SAY that they wouldn't do "foolish thing X" with their money if only they weren't in such a crappy job / had to work / etc.  I believe however that the vast majority of them would - be it gambling, drinking to excess, eating out a lot because they "work too much to cook", "need the expensive vacation because I work so hard", etc, etc, etc.  Its just rationalizing behavior that they know subconsciously is self destructive.

gimp

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Re: Overheard at Work
« Reply #4059 on: September 03, 2014, 01:44:37 PM »
Relevant to my work... weirdos. Nobody even knows what's going to be announced.

http://www.dailytech.com/Quick+Note+NYC+Residents+Are+Already+Waiting+in+Line+for+Apples+Next+iPhone/article36500c.htm

dycker1978

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Re: Overheard at Work
« Reply #4060 on: September 03, 2014, 01:55:14 PM »
Relevant to my work... weirdos. Nobody even knows what's going to be announced.

http://www.dailytech.com/Quick+Note+NYC+Residents+Are+Already+Waiting+in+Line+for+Apples+Next+iPhone/article36500c.htm

I dont even know what to say... wait in line for two weeks, and pay 1250 for the spot in the front of the line.  They still have to pay for the phone...

slugline

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Re: Overheard at Work
« Reply #4061 on: September 03, 2014, 01:55:46 PM »

LennStar

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Re: Overheard at Work
« Reply #4062 on: September 03, 2014, 02:38:07 PM »
Relevant to my work... weirdos. Nobody even knows what's going to be announced.

http://www.dailytech.com/Quick+Note+NYC+Residents+Are+Already+Waiting+in+Line+for+Apples+Next+iPhone/article36500c.htm

I dont even know what to say... wait in line for two weeks, and pay 1250 for the spot in the front of the line.  They still have to pay for the phone...
Hm... 1250$ for 2 weeks non-work?
Sounds like a after-FIRE job to do for the interesting experience and things to learn (if you find tech geeks interesting) and a month of expenses :D

NoraLenderbee

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Re: Overheard at Work
« Reply #4063 on: September 03, 2014, 03:26:12 PM »


I'm not saying it's the best solution, I'm saying that purely money-wise, you can make it work and come out ahead, if you're willing to pick up a part-time job of commuting to and from work in exchange for that money.


Then it's a question of whether you'd take a second job of driving for four hours a day for $10/hr. I would rather chew my own leg off, but that's a sanity issue rather than a money issue.

lifeinhd

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Re: Overheard at Work
« Reply #4064 on: September 03, 2014, 08:15:48 PM »
Relevant to my work... weirdos. Nobody even knows what's going to be announced.

http://www.dailytech.com/Quick+Note+NYC+Residents+Are+Already+Waiting+in+Line+for+Apples+Next+iPhone/article36500c.htm

I dont even know what to say... wait in line for two weeks, and pay 1250 for the spot in the front of the line.  They still have to pay for the phone...
Hm... 1250$ for 2 weeks non-work?
Sounds like a after-FIRE job to do for the interesting experience and things to learn (if you find tech geeks interesting) and a month of expenses :D

Don't even need to wait 2 weeks. Next year, show up 3 weeks early, take the $1250, leave.

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Re: Overheard at Work
« Reply #4065 on: September 04, 2014, 06:44:36 AM »
My colleague is planning on spending more than 3k on his kid's first birthday party.  He spent 12k+ on vacation travel this year.

Last week he was saying how hard it is to put aside $500/month for retirement.
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Cheddar Stacker

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Re: Overheard at Work
« Reply #4066 on: September 04, 2014, 08:35:27 AM »
My colleague is planning on spending more than 3k on his kid's first birthday party.  He spent 12k+ on vacation travel this year.

Last week he was saying how hard it is to put aside $500/month for retirement.

Funny how those 2 things can't connect in some people's brains. $3K on a 1st b-day is insane. How is this even possible?
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Pooperman

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Re: Overheard at Work
« Reply #4067 on: September 04, 2014, 10:25:24 AM »
This one is pretty common, but:

Coworker comes over to me and asks if I want to join her and some other people out at sushi. I told her I already ate (I bring food every day). She told me that was good. I asked her now much it was when she went out for sushi. Her reply: "you don't want to know." Then she left with 4 other 20-somethings out to sushi.

She's been here longer than I have, but I can guess what she makes (70k or so per year). I also know that sushi is $15-20. She does this at least 3 days a week along with maybe 1/2 of the staff where I work. Only the management/owners/senior people tend to bring food. $3,500/year on lunch out at least. That's about 3 weeks take-home pay every year just to pay for lunch!

MsSindy

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Re: Overheard at Work
« Reply #4068 on: September 04, 2014, 10:38:19 AM »
I understand the lure of sushi (yum!), but damn it's expensive.  Can't see having it for a normal lunch, but maybe special occasion dinner.

Anyway, the only time I ever eat sushi is when it's on the company dime.....I've never actually paid for it - helps that hubby doesn't like fish, much less raw fish!

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Re: Overheard at Work
« Reply #4069 on: September 04, 2014, 10:41:11 AM »
When I was a 20-something at work fresh out of uni I used to eat out every day for lunch, what an idiot!:) Such a waste of money but my job was so boring I used food as a treat. The older people in the office all brought their lunch to work.

MgoSam

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Re: Overheard at Work
« Reply #4070 on: September 04, 2014, 11:13:32 AM »
Yeah I have a family member that spend an absolute load of money on each of her kids first birthday parties. Like inviting all work colleagues and having family fly in for it. It is nice in terms of a family gathering since we are all spread out throughout the country, and this is a couple that is earning more than enough money to provide for themselves and their kids, pay off their mortgage early, save for retirement, and invest in their kids education, but I shudder to think of parents that aren't earning quite so much.


abuzzyisawesome

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Re: Overheard at Work
« Reply #4071 on: September 04, 2014, 11:45:14 AM »
Overhead at coffee maker:
"Yeah, my girl's gymnastics and clothes comes out of my check, husband doesn't pay anything! It's $200 a month!"

Background: Her girl's are a 4 and 1; the baby sister could be wearing hand-me-downs! $200 a MONTH??

I got a Ralph Lauren shirt for $4 at Goodwill for small male child for picture day, and 2 pairs of Old Navy jeans for $2 a pair. Not trying to sound judgey, but wow.

ms

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Re: Overheard at Work
« Reply #4072 on: September 04, 2014, 01:52:54 PM »
By the time my daughter finished gymnastics, I was paying just under $600/month - training at 20 hours per week.  But thankfully she's now moved off to university and so she's quit gymnastics. 

Draggon

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Re: Overheard at Work
« Reply #4073 on: September 04, 2014, 03:25:01 PM »
By the time my daughter finished gymnastics, I was paying just under $600/month - training at 20 hours per week.  But thankfully she's now moved off to university and so she's quit gymnastics.

I can so relate, but with dance.  My daughter just started college, and I think it will be cheaper than her dance "career" from age 5 to 18.

tmac

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Re: Overheard at Work
« Reply #4074 on: September 04, 2014, 03:50:40 PM »
By the time my daughter finished gymnastics, I was paying just under $600/month - training at 20 hours per week.  But thankfully she's now moved off to university and so she's quit gymnastics.
I can so relate, but with dance.  My daughter just started college, and I think it will be cheaper than her dance "career" from age 5 to 18.

I promise I'm not being judgy; I'm just trying to understand. When you were in the middle of the gymnastic and dancing, what was the end goal? What was the hoped for result that would make the expense and effort worthwhile?

gimp

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Re: Overheard at Work
« Reply #4075 on: September 04, 2014, 04:13:24 PM »
I'd assume pretty much the same end goal of any serious activity. Self-control, discipline, the urge for self-improvement and success, friends, physical fitness. A productive use of time, and hopefully a kid too tired to get into too much trouble afterwards.

Sure, you get that from any serious activity; some cost more than others. If you can afford it, it doesn't really matter, you can leave the choice of what to spend time on to the kid.


austin

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Re: Overheard at Work
« Reply #4076 on: September 04, 2014, 08:48:14 PM »
I am resigning my position in the Army, and there is literally an Act of Congress mandating that everyone leaving the service go through a battery of classes such as resume writing workshops, briefs on your Department of Veterans Affairs benefits, and how to conduct a professional interview. There is also a mandatory five hour personal finance class. From the material covered and the side conversations in the class it is clear that this is something that should be mandatory to all people upon entrance into the service.

MrsStubble

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Re: Overheard at Work
« Reply #4077 on: September 04, 2014, 09:51:52 PM »
My coworker told us he just bought a $550,000, 5000 sq ft house for him, wife, and 1 kid that is 90 minutes away from the office because he liked the town.  I literally choked on my water when he said it.  They are not planning on having more kids or rent the house out to troupes of traveling circus folk as far as I can gather my only other guess in 3000 sq ft indoor paintball field???
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EricL

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Re: Overheard at Work
« Reply #4078 on: September 05, 2014, 12:12:42 AM »
I am resigning my position in the Army, and there is literally an Act of Congress mandating that everyone leaving the service go through a battery of classes such as resume writing workshops, briefs on your Department of Veterans Affairs benefits, and how to conduct a professional interview. There is also a mandatory five hour personal finance class. From the material covered and the side conversations in the class it is clear that this is something that should be mandatory to all people upon entrance into the service.

Been there, done that, got the T-shirt. Uncle Sugar just wants to make sure none of his former troops wind up living on the street.  Yes the classes should be mandatory to everyone in the United States though in Uncle Sugar's defense they are at least available for the asking.  Just try to be patient. ACAP will end soon enough and there really are useful nuggets of information if you're wise enough to set it aside for a later date.
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Re: Overheard at Work
« Reply #4079 on: September 05, 2014, 05:05:53 AM »
By the time my daughter finished gymnastics, I was paying just under $600/month - training at 20 hours per week.  But thankfully she's now moved off to university and so she's quit gymnastics.
I can so relate, but with dance.  My daughter just started college, and I think it will be cheaper than her dance "career" from age 5 to 18.

I promise I'm not being judgy; I'm just trying to understand. When you were in the middle of the gymnastic and dancing, what was the end goal? What was the hoped for result that would make the expense and effort worthwhile?

Wrist tendinitis for life?  That was my end result.
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fallstoclimb

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Re: Overheard at Work
« Reply #4080 on: September 05, 2014, 07:45:48 AM »
By the time my daughter finished gymnastics, I was paying just under $600/month - training at 20 hours per week.  But thankfully she's now moved off to university and so she's quit gymnastics.
I can so relate, but with dance.  My daughter just started college, and I think it will be cheaper than her dance "career" from age 5 to 18.

I promise I'm not being judgy; I'm just trying to understand. When you were in the middle of the gymnastic and dancing, what was the end goal? What was the hoped for result that would make the expense and effort worthwhile?

You know, not to encourage the idea that parents have to shell out thousands and all their time for their kids to participate in some activity or another, but I grew up taking riding lessons (less expensive than gymnastics apparently!!), and it completely shaped who I am as a person.  I'm certainly not an accomplished equestrian, but I do think its good for kids to have a hobby to really embrace.  It taught me a lot about working hard and not giving up and conquering fear.  But that can be achieved in a lot of (probably more Mustachian) ways.

Apples

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Re: Overheard at Work
« Reply #4081 on: September 05, 2014, 09:06:08 AM »
I have a fairly new CW who wants to own his own shop someday to fix cars, and more specifically all types of race cars.  Based on his previous work this is not crazy.  But he makes $12/hr here and each year can basically plan to get a 3% raise, which is usually all this company does.  He then goes out to eat ALL THE TIME.  And not good food-all types of fast food and gas station food.  He plans to buy a four wheeler soon.  And then he says he'll "someday" have enough money to open this shop, but right now he doesn't have any money to save.  But on the bright side, he just used a 50% off coupon to buy $12,000 worth of good tools for only $6,000.  And he says the payment plan has a pretty low interest rate!  I really like this guy, but oh my goodness.

AlanStache

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Re: Overheard at Work
« Reply #4082 on: September 05, 2014, 10:18:43 AM »
I have a fairly new CW who wants to own his own shop someday to fix cars, and more specifically all types of race cars.  Based on his previous work this is not crazy.  But he makes $12/hr here and each year can basically plan to get a 3% raise, which is usually all this company does.  He then goes out to eat ALL THE TIME.  And not good food-all types of fast food and gas station food.  He plans to buy a four wheeler soon.  And then he says he'll "someday" have enough money to open this shop, but right now he doesn't have any money to save.  But on the bright side, he just used a 50% off coupon to buy $12,000 worth of good tools for only $6,000.  And he says the payment plan has a pretty low interest rate!  I really like this guy, but oh my goodness.

I hope these are tools for a side gig that will have some cash flow with minimal other expenses?  Any hope of this side gig organically growing to full time for him?
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Re: Overheard at Work
« Reply #4083 on: September 05, 2014, 11:43:12 AM »
My office is located in, shall we say, an urban area.  As a result many of the entry-level kids have been fully indoctrinated into the bling lifestyle and I routinely see people whom I know very well don't make much more than ten bucks an hour wearing shoes or carrying purses that cost more than my mortgage payment.  I know a girl who bought an $800 Coach bag ... in which to carry her dog.
« Last Edit: September 05, 2014, 11:57:13 AM by MandalayVA »
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Re: Overheard at Work
« Reply #4084 on: September 05, 2014, 11:56:52 AM »
I was talking to a coworker (and aspiring mustachian) today. She is pretty new to the company. She was saying that at her old work, a coworker told her that she "got high from:" (makes a credit card swiping motion). She thought it was absurd as I did, but there you go.

johnny847

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Re: Overheard at Work
« Reply #4085 on: September 05, 2014, 12:06:35 PM »
I was talking to a coworker (and aspiring mustachian) today. She is pretty new to the company. She was saying that at her old work, a coworker told her that she "got high from:" (makes a credit card swiping motion). She thought it was absurd as I did, but there you go.

Haha whats the coworker going to do when chip and pin becomes prevalent in the US? No more swiping!

Hunny156

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Re: Overheard at Work
« Reply #4086 on: September 05, 2014, 03:51:17 PM »
Two co-workers are headed to the corporate office for a few days, which is a 3 hour drive away.  The amount of planning going into this is INSANE, but I suspect that in their department, this ridiculous level of micro-management is their version of job security.

We are allowed to rent a car, drive our own car and get the per/mile rate, or if available, we can borrow a handful of pool cars here.  They are choosing the latter option.  Earlier today, they received notice of what vehicle has been made available for their trip.  They requested a towncar, and were horrified to learn that they had been assigned a 2006 FORD EXPLORER!!!  The female co-worker loudly exclaimed - that's way older than even my car!  She drives a pretty late model Honda Accord, and she's financed to the hilt.

I laughed to myself as I thought about my awesome, mint condition 01 Accord.  She must see me pull out of the parking lot and think I'm destitute.

I hope their trip to the corporate office is OK, seeing as how the company felt it acceptable to put them in an 8 year old SUV to make the three hour trip on paved roads.  Oh, the horror of it all!

marty998

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Re: Overheard at Work
« Reply #4087 on: September 05, 2014, 04:51:14 PM »
I was talking to a coworker (and aspiring mustachian) today. She is pretty new to the company. She was saying that at her old work, a coworker told her that she "got high from:" (makes a credit card swiping motion). She thought it was absurd as I did, but there you go.

Haha whats the coworker going to do when chip and pin becomes prevalent in the US? No more swiping!

Lol yeah, I was about to say who swipes anymore. Then I recalled, US banks are a long way behind the times, a result of having no cash to invest in tech.

Cards will disappear soon enough. In the not too distant future, payments through phone apps linked to your credit and debit cards will overtake regular credit card transactions in volume down here.

johnny847

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Re: Overheard at Work
« Reply #4088 on: September 05, 2014, 05:23:04 PM »
I was talking to a coworker (and aspiring mustachian) today. She is pretty new to the company. She was saying that at her old work, a coworker told her that she "got high from:" (makes a credit card swiping motion). She thought it was absurd as I did, but there you go.

Haha whats the coworker going to do when chip and pin becomes prevalent in the US? No more swiping!

Lol yeah, I was about to say who swipes anymore. Then I recalled, US banks are a long way behind the times, a result of having no cash to invest in tech.

Cards will disappear soon enough. In the not too distant future, payments through phone apps linked to your credit and debit cards will overtake regular credit card transactions in volume down here.

I'm pretty sure all the merchants would have to foot at least some of the bill to get the new chip and pin machines. And the banks have plenty of cash to invest in tech--some of them just don't want to spend the money.

Cheddar Stacker

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Re: Overheard at Work
« Reply #4089 on: September 05, 2014, 05:48:18 PM »
I was talking to a coworker (and aspiring mustachian) today. She is pretty new to the company. She was saying that at her old work, a coworker told her that she "got high from:" (makes a credit card swiping motion). She thought it was absurd as I did, but there you go.

Haha whats the coworker going to do when chip and pin becomes prevalent in the US? No more swiping!

Lol yeah, I was about to say who swipes anymore. Then I recalled, US banks are a long way behind the times, a result of having no cash to invest in tech.

Cards will disappear soon enough. In the not too distant future, payments through phone apps linked to your credit and debit cards will overtake regular credit card transactions in volume down here.

I'm pretty sure all the merchants would have to foot at least some of the bill to get the new chip and pin machines. And the banks have plenty of cash to invest in tech--some of them just don't want to spend the money.

Because they have to pay dividends to their investors, the mustachians.
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Re: Overheard at Work
« Reply #4090 on: September 05, 2014, 06:30:49 PM »
I was talking to a coworker (and aspiring mustachian) today. She is pretty new to the company. She was saying that at her old work, a coworker told her that she "got high from:" (makes a credit card swiping motion). She thought it was absurd as I did, but there you go.

Haha whats the coworker going to do when chip and pin becomes prevalent in the US? No more swiping!

Lol yeah, I was about to say who swipes anymore. Then I recalled, US banks are a long way behind the times, a result of having no cash to invest in tech.

Cards will disappear soon enough. In the not too distant future, payments through phone apps linked to your credit and debit cards will overtake regular credit card transactions in volume down here.

I'm pretty sure all the merchants would have to foot at least some of the bill to get the new chip and pin machines. And the banks have plenty of cash to invest in tech--some of them just don't want to spend the money.

Because they have to pay dividends to their investors, the mustachians.
Hmm, in a lot of places now I swipe my card on the PayPass card-reader. And the US still doesn't even have chips?

AlanStache

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Re: Overheard at Work
« Reply #4091 on: September 05, 2014, 07:32:19 PM »
I was talking to a coworker (and aspiring mustachian) today. She is pretty new to the company. She was saying that at her old work, a coworker told her that she "got high from:" (makes a credit card swiping motion). She thought it was absurd as I did, but there you go.

Haha whats the coworker going to do when chip and pin becomes prevalent in the US? No more swiping!

Lol yeah, I was about to say who swipes anymore. Then I recalled, US banks are a long way behind the times, a result of having no cash to invest in tech.

Cards will disappear soon enough. In the not too distant future, payments through phone apps linked to your credit and debit cards will overtake regular credit card transactions in volume down here.

I'm pretty sure all the merchants would have to foot at least some of the bill to get the new chip and pin machines. And the banks have plenty of cash to invest in tech--some of them just don't want to spend the money.

Because they have to pay dividends to their investors, the mustachians.
Hmm, in a lot of places now I swipe my card on the PayPass card-reader. And the US still doesn't even have chips?

I think chip readers on the cc will be required in 2015 some time, but yes we dont have chips now.  Here merchants are required to buy the cc scaner and there are about 1000 different companies that operate between the cc 'swipe' and applying it to your account (only one handles a given transaction but is messy).  Not sure if our chipped cards will be compatible with the rest of the worlds chipped cards, would be nice.

US coworker went to Europe recently and did not get any cash because his card had a chip in it so he planned on only using that, well it was not compatible with the local readers.  Ended up having to barrow cash.
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Cheddar Stacker

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Re: Overheard at Work
« Reply #4092 on: September 05, 2014, 07:40:08 PM »
FYI folks, 6 months ago after another big fraud (target I think) made a few companies go the chip route. I have a chase card with a chip. I still have 2 swipe it everywhere except walmart which invested in the chip reader.
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Re: Overheard at Work
« Reply #4093 on: September 05, 2014, 08:16:42 PM »
I've never been anywhere in Europe where they couldn't swipe the card or enter the number by hand.  It's inconvenient not to have a chip, but not impossible to find places to use your card.

Malaysia41

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Re: Overheard at Work
« Reply #4094 on: September 05, 2014, 09:54:05 PM »
By the time my daughter finished gymnastics, I was paying just under $600/month - training at 20 hours per week.  But thankfully she's now moved off to university and so she's quit gymnastics.
I can so relate, but with dance.  My daughter just started college, and I think it will be cheaper than her dance "career" from age 5 to 18.

I promise I'm not being judgy; I'm just trying to understand. When you were in the middle of the gymnastic and dancing, what was the end goal? What was the hoped for result that would make the expense and effort worthwhile?

Wrist tendinitis for life?  That was my end result.

But it appears those gymnastics lessons created absolute beauty for the people watching these pros:

http://sfglobe.com/?id=2530
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resy

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Re: Overheard at Work
« Reply #4095 on: September 05, 2014, 10:01:15 PM »
Wanted to tell him that there's a problem spending all of your life earning a living if you never get around to actually living, but I thought better.

But what is "actually living", anyway?  Why is whatever you do when you're not working more "living" than what you do when working? 

Certainly some of the things people have suggested as alternative uses for their time, like full-time travel or spending lots of time with kids, would bore the crap out of me.

Not to judge too strongly, but if spending time with your kids bore you, perhaps you should not have bred in the first place. ;)
Thats judging strongly lol i have a kid, adore him and spend lots of time with him but there comes a point where enough is enough. In fairness though I am a closet introvert and need quiet periods throughout my day or evening to keep me sane

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Re: Overheard at Work
« Reply #4096 on: September 06, 2014, 01:17:48 AM »
My first post!  My coworker was telling me how she was shopping for new makeup at Ulta and when the cashier was done totaling up her purchases it was around $800.  She was a little shocked at the price, but paid it anyways.  She told herself it was good makeup and she would use it all.  When she saw my shocked face she explained that it wasn't just makeup, but really good makeup brushes also. 
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Re: Overheard at Work
« Reply #4097 on: September 06, 2014, 01:42:40 AM »
US coworker went to Europe recently and did not get any cash because his card had a chip in it so he planned on only using that, well it was not compatible with the local readers.  Ended up having to barrow cash.

Inexperienced traveler. Whenever you travel abroad for any serious length of time take a couple hundred dollars or euros with you in addition to several cards. You don't have to spend it, but just in case...

Albert

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Re: Overheard at Work
« Reply #4098 on: September 06, 2014, 01:44:57 AM »
I've never been anywhere in Europe where they couldn't swipe the card or enter the number by hand.  It's inconvenient not to have a chip, but not impossible to find places to use your card.

True, but I think you'd have trouble buying train tickets here without a proper card or cash. Most stations only have ticket machines and no human operators around.

AlanStache

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Re: Overheard at Work
« Reply #4099 on: September 06, 2014, 05:47:33 AM »
I've never been anywhere in Europe where they couldn't swipe the card or enter the number by hand.  It's inconvenient not to have a chip, but not impossible to find places to use your card.

True, but I think you'd have trouble buying train tickets here without a proper card or cash. Most stations only have ticket machines and no human operators around.

I never fly without ~300$ worth of local currency in my pocket when I board the plane.  Big hotels, gas stations near the airport and the like will take US cards but not the local grocery store or Subway sandwich shop. 
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