Author Topic: Overheard at Work  (Read 5468970 times)

Timmmy

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Re: Overheard at Work
« Reply #6650 on: January 30, 2015, 07:29:03 AM »
I do not understand what this "sports" hair salon thing is. Is it just a hair salon with a bunch of sports memorabilia and TVs with sports games being shown? Are there men yelling "FOOTBALL" while giving or receiving hair cuts?

These are all the rage around here.  I can think of 4 or 5 within a couple of miles.  They give you beer when you walk in, there are sports on TVs all over the place, pictures of scantily clad women and cars on the walls, scantily clad women do the hair cutting.  There's even one that has a pool table. 

One of my clients owns one so my haircuts are free except the tip.

Mechanix? :) they just put one in a strip mall by me, FWIW they are offering $10 haircuts which is pretty cheap compared to other options.
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zhelud

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Re: Overheard at Work
« Reply #6651 on: January 30, 2015, 07:56:31 AM »
Every time I go on holidays, now, people at work say, "You're not going to try to just take carry-on luggage are you? Don't do it!"

I cannot work out what they're trying to save me from.

I don't even carry it on! I switched to carry-on size because I'm usually carting art with me in my hand luggage and need to be able to change bags around if there's a security/luggage space issue. Now I love it because you can pick things up and run. Travelling alone, too, I wouldn't do it with a larger bag because who will mind it when you have to go to the bathroom?

For three days of my trip to the States last year I was able to leave most of my luggage with a friend and travel with just a little (fashion) backpack, and it was WONDERFUL. I could go to museums and hop on and off trains...

I have to brag, because I am the queen of packing.  Our family of 4 just went on a 2-week vacation with just 3 backpacks (the kind you would bring to school, not the kind for camping) and 2 small duffel bags (20 inches.) And we even brought our snorkeling gear.
For work, I have traveled to Moscow in the winter for a week with just a 20-inch carryon.
I am constantly amazed at the amount of stuff that people travel with.

arebelspy

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Re: Overheard at Work
« Reply #6652 on: January 30, 2015, 08:36:51 AM »
at least the orange black box foam was entertaining... this is just boring... my carryon is smaller than yours... who cares

And a comment like this adds what?

People will ignore it and post what they want, the side conversation either way will peter out, and it'll get back on track.
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dycker1978

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Re: Overheard at Work
« Reply #6653 on: January 30, 2015, 08:45:33 AM »
at least the orange black box foam was entertaining... this is just boring... my carryon is smaller than yours... who cares

And a comment like this adds what?

People will ignore it and post what they want, the side conversation either way will peter out, and it'll get back on track.
Yeah because I am the only one to ever speak their mind on here...

My god can some people be ignorant on here!

arebelspy

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Re: Overheard at Work
« Reply #6654 on: January 30, 2015, 09:35:50 AM »
at least the orange black box foam was entertaining... this is just boring... my carryon is smaller than yours... who cares

And a comment like this adds what?

People will ignore it and post what they want, the side conversation either way will peter out, and it'll get back on track.
Yeah because I am the only one to ever speak their mind on here...

My god can some people be ignorant on here!

You're more than welcome to not participate then, but if you do, please try to add value or at least not be a *.  Even if some of us are ignorant.  Thanks.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
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SantaFeSteve

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Re: Overheard at Work
« Reply #6655 on: January 30, 2015, 09:41:00 AM »
One of my co-workers who lives in a fairly new 5000+ sq. ft. house was telling me that he and his wife will only be able to use half of the house because of some work that needs to be done downstairs. The furniture has been moved upstairs into the media room and now they must live constrained in a mere 2500 sq ft or so. He describes it as a sort of hellish situation that has been visited upon them. How will they manage to survive in less than 5000 sq ft?

A good friend just bought a ~4,200 sf home and they were bemoaning all of the new furniture they would need to fill the giant space. And it IS giant! they have 3 children.

On the Anti-Anti-mustachian side my best friend is raising his 5 children in a 1,200 sf home.  The giant home trend is truly baffling to me. 

dragoncar

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Re: Overheard at Work
« Reply #6656 on: January 30, 2015, 11:15:28 AM »
at least the orange black box foam was entertaining... this is just boring... my carryon is smaller than yours... who cares

And a comment like this adds what?

People will ignore it and post what they want, the side conversation either way will peter out, and it'll get back on track.
Yeah because I am the only one to ever speak their mind on here...

My god can some people be ignorant on here!

Hey! What do you mean "some people?"

mtn

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Re: Overheard at Work
« Reply #6657 on: January 30, 2015, 11:57:57 AM »
One of my co-workers who lives in a fairly new 5000+ sq. ft. house was telling me that he and his wife will only be able to use half of the house because of some work that needs to be done downstairs. The furniture has been moved upstairs into the media room and now they must live constrained in a mere 2500 sq ft or so. He describes it as a sort of hellish situation that has been visited upon them. How will they manage to survive in less than 5000 sq ft?

A good friend just bought a ~4,200 sf home and they were bemoaning all of the new furniture they would need to fill the giant space. And it IS giant! they have 3 children.

On the Anti-Anti-mustachian side my best friend is raising his 5 children in a 1,200 sf home.  The giant home trend is truly baffling to me.

Not to me. But Ihave a few things that make a giant (well, maybe just big) house a want for me.

1: I like a big unfinished basement--shoot hockey pucks, bows and arrows, storage for furniture (my parents currently have 2 sets of furniture for pretty much a whole house stored down there—all bought at estate sales. They’re waiting on their stuff to sell to move the new tuff up), storage for hockey gear (not something that you want in a living space, and not something you want to keep outside in the winter). You can’t have a big basement without a big footprint.

2: I like having a family room, a guitar room, a big kitchen, and laundry NOT in the basement.

3: I “need” a king sized bed, and the furniture that we have is pretty big too (sentimental—used to be my grandparents. Also very, very high quality). So while a big master is not a necessity, I get claustrophobic in a small bedroom with everything around me.

EDIT: I should note that I won't actually be in a "Big" house for at least 5 years or so, and even then it will likely "only" be about 2000 sqft depending on the amount of bedrooms.
« Last Edit: January 30, 2015, 12:17:29 PM by mtn »

Metta

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Re: Overheard at Work
« Reply #6658 on: January 30, 2015, 01:53:37 PM »
One of my co-workers who lives in a fairly new 5000+ sq. ft. house was telling me that he and his wife will only be able to use half of the house because of some work that needs to be done downstairs. The furniture has been moved upstairs into the media room and now they must live constrained in a mere 2500 sq ft or so. He describes it as a sort of hellish situation that has been visited upon them. How will they manage to survive in less than 5000 sq ft?

A good friend just bought a ~4,200 sf home and they were bemoaning all of the new furniture they would need to fill the giant space. And it IS giant! they have 3 children.

On the Anti-Anti-mustachian side my best friend is raising his 5 children in a 1,200 sf home.  The giant home trend is truly baffling to me.

Not to me. But Ihave a few things that make a giant (well, maybe just big) house a want for me.

1: I like a big unfinished basement--shoot hockey pucks, bows and arrows, storage for furniture (my parents currently have 2 sets of furniture for pretty much a whole house stored down there—all bought at estate sales. They’re waiting on their stuff to sell to move the new tuff up), storage for hockey gear (not something that you want in a living space, and not something you want to keep outside in the winter). You can’t have a big basement without a big footprint.

2: I like having a family room, a guitar room, a big kitchen, and laundry NOT in the basement.

3: I “need” a king sized bed, and the furniture that we have is pretty big too (sentimental—used to be my grandparents. Also very, very high quality). So while a big master is not a necessity, I get claustrophobic in a small bedroom with everything around me.

EDIT: I should note that I won't actually be in a "Big" house for at least 5 years or so, and even then it will likely "only" be about 2000 sqft depending on the amount of bedrooms.

See, that's the thing. I personally feel that my husband and I are rolling around in the lap of luxury in our enormous 2500 sq ft. house (we even have a room devoted entirely to yoga and meditation) for just the two of us. I frequently wonder out loud whether we should be moving more toward minimalism and planning to downsize into 1600 sq ft, which still seems like it would be pretty comfortable to me.

My co-worker and his wife (no children) will be living in slightly more space than my luxurious home while half his 5000+ square foot home is less usable for a week. I can barely wrap my mind around the idea of 5000+ sq ft devoted to just two people, but ok, different strokes and all that. But to moan about the hellish situation of living in only 2500 sq ft for two people for a week, that seems worthy of mockery to me.

galliver

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Re: Overheard at Work
« Reply #6659 on: January 30, 2015, 02:16:45 PM »
My co-worker and his wife (no children) will be living in slightly more space than my luxurious home while half his 5000+ square foot home is less usable for a week. I can barely wrap my mind around the idea of 5000+ sq ft devoted to just two people, but ok, different strokes and all that. But to moan about the hellish situation of living in only 2500 sq ft for two people for a week, that seems worthy of mockery to me.

Is it really a space issue or is it lack of access to the 60" TV or something? I would be irritated to be locked out of my kitchen for a week, whether I had 500SF or 5000... (though I doubt that's the issue for your coworker)

Metta

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Re: Overheard at Work
« Reply #6660 on: January 30, 2015, 02:32:56 PM »
My co-worker and his wife (no children) will be living in slightly more space than my luxurious home while half his 5000+ square foot home is less usable for a week. I can barely wrap my mind around the idea of 5000+ sq ft devoted to just two people, but ok, different strokes and all that. But to moan about the hellish situation of living in only 2500 sq ft for two people for a week, that seems worthy of mockery to me.

Is it really a space issue or is it lack of access to the 60" TV or something? I would be irritated to be locked out of my kitchen for a week, whether I had 500SF or 5000... (though I doubt that's the issue for your coworker)

I asked that question because they do have a TV that takes up almost an entire wall along with movie theater seats. But apparently they were careful to keep the TV area clear (this was a priority). They also have access to their kitchen but no furniture. So they can cook but must eat upstairs, I suppose. They are solving this problem by eating all meals out.

What I wonder (but am not asking) is whether there is some sort of marital issue that requires lots and lots of space to keep under control. But if that were the problem, wouldn't 2500 sq ft be enough? I can completely ignore my husband in my enormous house, if I want.

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Re: Overheard at Work
« Reply #6661 on: January 30, 2015, 02:49:02 PM »
I wish that if someone posts a "too foamy" type of complaint to this thread, he/she should feel obligated to also contribute a post about something else to pull it "back on track." And so. . . .

Former co-worker came by to visit briefly today and mentioned that her new job would be re-locating soon to a new suburban office campus, doubling the distance she would be away from her home. But she's actually looking forward to her hour-and-a-half toll-road commute to the new place "because it's so beautiful."

Cressida

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Re: Overheard at Work
« Reply #6662 on: January 30, 2015, 04:40:41 PM »
  • Manager 1 [to other manager who has season tickets to the Seahawks]: Are you going to Arizona [i.e. for the Super Bowl]?
  • Manager 2: No.
  • Coworker 1: Hey, did you know Coworker 2 is there right now?
  • Manager 1: Oh, that's right. She doesn't have Super Bowl tickets, though - she's just there because she wanted to be in the same city as the game.
  • Me: [headdesk]

Nudelkopf

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Re: Overheard at Work
« Reply #6663 on: January 30, 2015, 06:41:03 PM »
Overheard at "work drinks"... The graduates at our work haven't been paid yet, because we get paid next week. One of the new girls: "I'm so poor! I owe so much debt to so many people, and I'm so far in overdraft, like, sooo bad".... drinking a cocktail....

BUT! Another girl next to me: "I'm so poor because I put all my money into my home loan". Fuck yeah.

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Re: Overheard at Work
« Reply #6664 on: January 30, 2015, 06:59:06 PM »
  • Manager 1 [to other manager who has season tickets to the Seahawks]: Are you going to Arizona [i.e. for the Super Bowl]?
  • Manager 2: No.
  • Coworker 1: Hey, did you know Coworker 2 is there right now?
  • Manager 1: Oh, that's right. She doesn't have Super Bowl tickets, though - she's just there because she wanted to be in the same city as the game.
  • Me: [headdesk]
I love me some football these days and I may have spent more than I should have seeing my team's bowl game this year, but I cannot fathom why you would travel across the country to not even go to the game.

Pooperman

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Re: Overheard at Work
« Reply #6665 on: January 30, 2015, 07:11:24 PM »
Anti-mustachian: bunch of coworkers talking about tax returns being large so they can save it (some of them anyways, others will spend it).

Anti-anti-mustachian: one coworker will reduce his withholding and up his automatic draw to savings proportionally so he gets little/no refund this year. He's also going to buy a ??-plex near where he used to live (upstate NY) while working remotely in the spring. He's using mint and working on cutting back expenses too. He'll do just fine :).

MikeBear

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Re: Overheard at Work
« Reply #6666 on: January 30, 2015, 10:50:41 PM »
Anti-mustachian: bunch of coworkers talking about tax returns being large so they can save it (some of them anyways, others will spend it).

Anti-anti-mustachian: one coworker will reduce his withholding and up his automatic draw to savings proportionally so he gets little/no refund this year. He's also going to buy a ??-plex near where he used to live (upstate NY) while working remotely in the spring. He's using mint and working on cutting back expenses too. He'll do just fine :).

You can go as high as a 4-plex, with a conventional mortgage. Any more units, and you must go with a commercial loan.

lemanfan

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Re: Overheard at Work
« Reply #6667 on: January 31, 2015, 01:45:02 AM »
OK, I get one.  Coworker and me discuss that we're both planning vacations in the US this year:

CW: So, how does your planning go? 
Me:  Well, still searching for a good deal on a hotel that seems not to run down
CW: Wow, we're different.  I'm trying to figure out how expensive hotel I can afford!

At least she consider what she can afford... :)

LennStar

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Re: Overheard at Work
« Reply #6668 on: January 31, 2015, 02:34:32 AM »
One of my co-workers who lives in a fairly new 5000+ sq. ft. house was telling me that he and his wife will only be able to use half of the house because of some work that needs to be done downstairs. The furniture has been moved upstairs into the media room and now they must live constrained in a mere 2500 sq ft or so. He describes it as a sort of hellish situation that has been visited upon them. How will they manage to survive in less than 5000 sq ft?

A good friend just bought a ~4,200 sf home and they were bemoaning all of the new furniture they would need to fill the giant space. And it IS giant! they have 3 children.

On the Anti-Anti-mustachian side my best friend is raising his 5 children in a 1,200 sf home.  The giant home trend is truly baffling to me.

If you think 4200 sf is gigantic, just compare it to one of Mitt Romeys houses! (hint: nearly as big as the ground floor)
http://www.washingtonpost.com/blogs/the-fix/wp/2015/01/28/how-big-is-mitt-romneys-california-house-here-compare-it-to-yours/

Pooperman

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Re: Overheard at Work
« Reply #6669 on: January 31, 2015, 04:21:01 AM »
Anti-mustachian: bunch of coworkers talking about tax returns being large so they can save it (some of them anyways, others will spend it).

Anti-anti-mustachian: one coworker will reduce his withholding and up his automatic draw to savings proportionally so he gets little/no refund this year. He's also going to buy a ??-plex near where he used to live (upstate NY) while working remotely in the spring. He's using mint and working on cutting back expenses too. He'll do just fine :).

You can go as high as a 4-plex, with a conventional mortgage. Any more units, and you must go with a commercial loan.

This I know (and he does as well). I'm just not sure what deal he'll end up finding. He intends to live in one of the units while renting out the rest. Not mustachian by any stretch, but he's very much on the FIRE path (with a lower income than mine!)

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Re: Overheard at Work
« Reply #6670 on: January 31, 2015, 05:23:02 AM »
Anti-mustachian: bunch of coworkers talking about tax returns being large so they can save it (some of them anyways, others will spend it).

Anti-anti-mustachian: one coworker will reduce his withholding and up his automatic draw to savings proportionally so he gets little/no refund this year. He's also going to buy a ??-plex near where he used to live (upstate NY) while working remotely in the spring. He's using mint and working on cutting back expenses too. He'll do just fine :).

You can go as high as a 4-plex, with a conventional mortgage. Any more units, and you must go with a commercial loan.

This I know (and he does as well). I'm just not sure what deal he'll end up finding. He intends to live in one of the units while renting out the rest. Not mustachian by any stretch, but he's very much on the FIRE path (with a lower income than mine!)

Not Mustachian by any stretch? You mean, other than all you told us about him. From what I read, he looks to know a lot about managing money! And living in one of the unit IS badass since most intend to live the big life outside of their plex
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Re: Overheard at Work
« Reply #6671 on: February 02, 2015, 08:24:51 AM »
Saw this on FB:  Husband bought wife one of those fancy, wearable exercise gadgets for Christmas (about $120).  Forgot he bought it and just found it a week ago, did an LOL and and "OOPSIE".

I had to just shake my head because they are constantly running out of money every month and don't know why.  I couldn't imagine buying something that cost that much and then just forgetting about it.

I wanted to respond "THIS IS WHY YOU ARE ALWAYS OUT OF MONEY", but instead just checked my Net Worth and my FI goal.

pancakes

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Re: Overheard at Work
« Reply #6672 on: February 02, 2015, 08:44:25 AM »
One of my co-workers is always complaining about how she thinks her husband has a shopping addiction because he is always buying things just because they are on sale.

She confided in me a little while ago the extent of their credit card debt and then today I overheard her showing people her new dining chairs, they were a bargain at wholesale price - just $150 each, so how could she pass up a set of 8?

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Re: Overheard at Work
« Reply #6673 on: February 02, 2015, 11:29:51 AM »
Back on OT:

My DH works with a guy going through a divorce, last year he made over $200,000 and he owns a busy construction company flipping houses and selling them and his crew is kept busy on other projects, like a new roof or inside work.

He is quitting and has to quit by a specific date so he can take a loan out on his 401k to pay for his divorce, now his divorce lawyer is quite expensive, but he has nothing to show for his excellent income, nothing, last year was really good to him but he has made well over 100k for at least 4 years, they have no children. It is just so sad that he hasn't saved anything, he told my DH that if they liquidated everything they could both just walk away, they have no equity in any of the homes, not enough to cover the debt anyway. It blows my mind.

And for most of those years she was working also.
You know, my second marriage somehow brought out the worst in both of us financially. We were both handling ourselves just fine before we met but somehow we lost our shit together and we were pretty broke when we split. Maybe this will be good for him. Sometimes disastrous events like a ruinous divorce can be the trigger to bring out our inner badass.
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zephyr911

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Re: Overheard at Work
« Reply #6674 on: February 02, 2015, 11:36:45 AM »
See, that's the thing. I personally feel that my husband and I are rolling around in the lap of luxury in our enormous 2500 sq ft. house (we even have a room devoted entirely to yoga and meditation) for just the two of us. I frequently wonder out loud whether we should be moving more toward minimalism and planning to downsize into 1600 sq ft, which still seems like it would be pretty comfortable to me.

My co-worker and his wife (no children) will be living in slightly more space than my luxurious home while half his 5000+ square foot home is less usable for a week. I can barely wrap my mind around the idea of 5000+ sq ft devoted to just two people, but ok, different strokes and all that. But to moan about the hellish situation of living in only 2500 sq ft for two people for a week, that seems worthy of mockery to me.
I had 1900sf and two adult roommates whom I kicked out when my wife finished grad school and moved home, and all that space just felt empty and sad to me thereafter. It got to be too much, so we downsized to about 1100.

Here's the funny part: I now find myself wondering what the 3rd bedroom is for. It's going to be my office eventually when I quit the government and go self-employed, with a guest bed for visitors, but it still seems funny when I realize that I barely ever set foot in there. The actual area we use has shrunk by more than half, to about 800, without ever feeling crowded.

Childless co-workers here seem to prefer 3-4000sf with media rooms and home gyms, etc... it just sounds so much like work to me that I can't fathom the enjoyment of it.
« Last Edit: February 02, 2015, 11:53:43 AM by zephyr911 »
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eyePod

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Re: Overheard at Work
« Reply #6675 on: February 02, 2015, 11:51:44 AM »
Former co-worker came by to visit briefly today and mentioned that her new job would be re-locating soon to a new suburban office campus, doubling the distance she would be away from her home. But she's actually looking forward to her hour-and-a-half toll-road commute to the new place "because it's so beautiful."

Cause that won't get old...
« Last Edit: February 02, 2015, 11:56:33 AM by eyePod »
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Beaker

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Re: Overheard at Work
« Reply #6676 on: February 02, 2015, 12:29:44 PM »
Not at work, just a friend of ours. In one conversation (monologue, almost) he mentioned that...

  • He's really annoyed about all his creditors calling all the time to ask for their money, because...
  • ...he's already paying a debt consolidation company to talk to them! And besides they really need to negotiate the amount down. (Apparently paying off only a fraction of your debt in some kind of right?)
  • But they better negotiate it, because he hates his job so he's going to quit, and the new job he lined up pays less and is further away, so...
  • ... he really needs to call the consolidator and make sure they'll take a smaller monthly payment. (Why would you ask about that beforehand?)
  • He'll be giving notice while the boss is out of town on training. Which he's really mad he didn't get invited to, even though he couldn't go anyway because he's already prepaid $3500 for a trip to Vegas at the same time.
  • So the boss can't just let him right away because there's nobody in the office (including my friend. The logic here escapes me.) But when she gets back he'll probably get let and then have a week long (probably unpaid) vacation!
  • But they won't have health insurance for 90 days. So better not get sick, haha! (I tried to interject that he should look into the ACA requirements and maybe subsidies, but he talked over me. Guess he'll find out about that if/when they fine him for not having coverage. Didn't even get around to asking about what happens if the new job doesn't work out.)
  • Both he and his wife are on daily meds for chronic conditions, which they already can't afford to pay out of pocket, so guess we better get a new 90-day supply before quitting day! (Didn't get a chance to point out that a 90-day supply ordered before quitting cannot possibly last until new insurance kicks in 90 days after new job starts.)

Then the conversation ended because he wanted to go get some fast food before we headed out to the (not free) activity for the evening. He turned down the freezer burritos and other stuff we had on hand.

Somewhere in there he also mentioned that they couldn't use home equity to pay off the other debts because they'd refi'd ~3 times in the last 10 years and were probably upside down. Which is going to be a problem, since they might have to get a new place so an aging parent can move in. And also his doctor keeps telling him that he needs a double joint replacement sometime soon. And he spent about $6k funding Kickstarter projects last year.

I really wish I was making this up. He's a nice enough guy, but it's depressing to listen to the way he runs his finances.

Timmmy

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Re: Overheard at Work
« Reply #6677 on: February 02, 2015, 12:49:00 PM »
See, that's the thing. I personally feel that my husband and I are rolling around in the lap of luxury in our enormous 2500 sq ft. house (we even have a room devoted entirely to yoga and meditation) for just the two of us. I frequently wonder out loud whether we should be moving more toward minimalism and planning to downsize into 1600 sq ft, which still seems like it would be pretty comfortable to me.

My co-worker and his wife (no children) will be living in slightly more space than my luxurious home while half his 5000+ square foot home is less usable for a week. I can barely wrap my mind around the idea of 5000+ sq ft devoted to just two people, but ok, different strokes and all that. But to moan about the hellish situation of living in only 2500 sq ft for two people for a week, that seems worthy of mockery to me.
I had 1900sf and two adult roommates whom I kicked out when my wife finished grad school and moved home, and all that space just felt empty and sad to me thereafter. It got to be too much, so we downsized to about 1100.

Here's the funny part: I now find myself wondering what the 3rd bedroom is for. It's going to be my office eventually when I quit the government and go self-employed, with a guest bed for visitors, but it still seems funny when I realize that I barely ever set foot in there. The actual area we use has shrunk by more than half, to about 800, without ever feeling crowded.

Childless co-workers here seem to prefer 3-4000sf with media rooms and home gyms, etc... it just sounds so much like work to me that I can't fathom the enjoyment of it.

DW and I lived with a roommate and 3 dogs in our 900sf house for about 3 years.  When the roommate left, we converted that room in to an office.  It rarely gets used and I think we could go even smaller without any inconvenience.  I'm not sure what I would put in an extra 1000sf. 

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Re: Overheard at Work
« Reply #6678 on: February 02, 2015, 01:28:56 PM »
DW and I lived with a roommate and 3 dogs in our 900sf house for about 3 years.  When the roommate left, we converted that room in to an office.  It rarely gets used and I think we could go even smaller without any inconvenience.  I'm not sure what I would put in an extra 1000sf.
We never even really filled that one up. There was an entire second living area upstairs that never got furnished... #2 and #3 bedrooms were a guest room and her office, but were also mostly empty space. To be fair, I pretty much conceived that home as an investment property from the get-go, and only moved in temporarily because it was cheaper to use residential financing.
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Re: Overheard at Work
« Reply #6679 on: February 02, 2015, 02:34:00 PM »
Not at work, just a friend of ours. In one conversation (monologue, almost) he mentioned that...

  • He's really annoyed about all his creditors calling all the time to ask for their money, because...
  • ...he's already paying a debt consolidation company to talk to them! And besides they really need to negotiate the amount down. (Apparently paying off only a fraction of your debt in some kind of right?)
  • But they better negotiate it, because he hates his job so he's going to quit, and the new job he lined up pays less and is further away, so...
  • ... he really needs to call the consolidator and make sure they'll take a smaller monthly payment. (Why would you ask about that beforehand?)
  • He'll be giving notice while the boss is out of town on training. Which he's really mad he didn't get invited to, even though he couldn't go anyway because he's already prepaid $3500 for a trip to Vegas at the same time.
  • So the boss can't just let him right away because there's nobody in the office (including my friend. The logic here escapes me.) But when she gets back he'll probably get let and then have a week long (probably unpaid) vacation!
  • But they won't have health insurance for 90 days. So better not get sick, haha! (I tried to interject that he should look into the ACA requirements and maybe subsidies, but he talked over me. Guess he'll find out about that if/when they fine him for not having coverage. Didn't even get around to asking about what happens if the new job doesn't work out.)
  • Both he and his wife are on daily meds for chronic conditions, which they already can't afford to pay out of pocket, so guess we better get a new 90-day supply before quitting day! (Didn't get a chance to point out that a 90-day supply ordered before quitting cannot possibly last until new insurance kicks in 90 days after new job starts.)

Then the conversation ended because he wanted to go get some fast food before we headed out to the (not free) activity for the evening. He turned down the freezer burritos and other stuff we had on hand.

Somewhere in there he also mentioned that they couldn't use home equity to pay off the other debts because they'd refi'd ~3 times in the last 10 years and were probably upside down. Which is going to be a problem, since they might have to get a new place so an aging parent can move in. And also his doctor keeps telling him that he needs a double joint replacement sometime soon. And he spent about $6k funding Kickstarter projects last year.

I really wish I was making this up. He's a nice enough guy, but it's depressing to listen to the way he runs his finances.

That is sickening.  I cannot imagine being in that situation and am thankful that I'm not even close.
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Re: Overheard at Work
« Reply #6680 on: February 02, 2015, 02:48:41 PM »
Just a comment - if she has been a student, and then moving around, she may be getting mail (including banking mail) sent to her parents for consistency.  These days most of the young ones do everything on line.  How do I know?  Because I still get a lot of DD's mail - think of me as a post box.  Once she plans to actually stay in the same place for a second year she will do a change of address.  Its not a big deal for me, if something looks important I will get it to her and 98% of it is not important except for a paper trail.

One of the down sides of retirement is that I have nothing god-awful to contribute to this thread. 


I have a friend in similar situation, but the receiver end, will call her 'A'. A is 29, has a useless college degree in terms of defining a clear career path. Mommy and daddy: buy her clothes; paid for college; pay for 98% of her HORSE expenses; bought her a brand new Prius; and just recently basically told her that if she wanted to quit her current (sucky) job, they'd pay her living expenses and pay for more education if she wanted to. Until I started encouraging her to basically act like a grown up, she allowed her dad to handle all her finances. He still does at least 50% of it. She doesn't even get most of the bank statements - they all go to her parent's house.

If I didn't see evidence of progress, I'd be completely disgusted with her. Moral of story: people, please act like responsible parents. They came close to ruining this girl, and they don't seem to even see it.

I wish that was the case! No, she's not an independent adult yet. If something happened to her father, both she and her mother would be in serious trouble just because they're financially uneducated. The mother is incapable of caring for herself physically even, and is firmly in the camp of "must have a man to take care of you". 

freznow

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Re: Overheard at Work
« Reply #6681 on: February 02, 2015, 03:39:31 PM »

  • But they won't have health insurance for 90 days. So better not get sick, haha! (I tried to interject that he should look into the ACA requirements and maybe subsidies, but he talked over me. Guess he'll find out about that if/when they fine him for not having coverage. Didn't even get around to asking about what happens if the new job doesn't work out.)


FYI, you don't have to pay the ACA fine if you have less than 3 consecutive months being uninsured. So assuming that the 90 days is his only break in coverage, he won't have to pay penalties. If the new job doesn't work out, then he will.

He sure sounds like a mess, though. It's lucky for him that the ACA has exemptions for situations like those.

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Re: Overheard at Work
« Reply #6682 on: February 02, 2015, 04:34:04 PM »
Coworker who is in her early forties mentioned today that she and her husband had less than 10K in retirement because they had too much debt to be able to save money. A few minutes later she said that when her husband received a raise this year, they planned to buy a bigger house.

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Re: Overheard at Work
« Reply #6683 on: February 02, 2015, 05:56:40 PM »
Coworker who is in her early forties mentioned today that she and her husband had less than 10K in retirement because they had too much debt to be able to save money. A few minutes later she said that when her husband received a raise this year, they planned to buy a bigger house.

I'm not sure why but it just hit me how little $10,000 is for anyone who's been working for decades. I'm half her age and have 10K in cash and retirement accounts. :-0
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Re: Overheard at Work
« Reply #6684 on: February 02, 2015, 06:26:22 PM »
Coworker who is in her early forties mentioned today that she and her husband had less than 10K in retirement because they had too much debt to be able to save money. A few minutes later she said that when her husband received a raise this year, they planned to buy a bigger house.

I'm not sure why but it just hit me how little $10,000 is for anyone who's been working for decades. I'm half her age and have 10K in cash and retirement accounts. :-0
Heck $10k is less than some people's emergency funds.

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Re: Overheard at Work
« Reply #6685 on: February 02, 2015, 08:03:57 PM »
Coworker who is in her early forties mentioned today that she and her husband had less than 10K in retirement because they had too much debt to be able to save money. A few minutes later she said that when her husband received a raise this year, they planned to buy a bigger house.

I'm not sure why but it just hit me how little $10,000 is for anyone who's been working for decades. I'm half her age and have 10K in cash and retirement accounts. :-0
Heck $10k is less than some people's emergency funds.

$10k is less than *my* emergency fund, and I'm only 25 and not very mustachian.

Full disclosure, my current emergency fund also includes my down-payment savings, but still.

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Re: Overheard at Work
« Reply #6686 on: February 02, 2015, 08:28:22 PM »
Not at work, just a friend of ours. In one conversation (monologue, almost) he mentioned that.

horrifying shit show


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Re: Overheard at Work
« Reply #6687 on: February 03, 2015, 06:42:54 AM »
Coworker who is in her early forties mentioned today that she and her husband had less than 10K in retirement because they had too much debt to be able to save money. A few minutes later she said that when her husband received a raise this year, they planned to buy a bigger house.
I wouldn't even know where to start with someone who can't grasp addition and subtraction.... :/
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Re: Overheard at Work
« Reply #6688 on: February 03, 2015, 07:18:15 AM »
Coworker who is in her early forties mentioned today that she and her husband had less than 10K in retirement because they had too much debt to be able to save money. A few minutes later she said that when her husband received a raise this year, they planned to buy a bigger house.
I wouldn't even know where to start with someone who can't grasp addition and subtraction.... :/

She is a sweet person, and they are working hard to get out of debt right now which is why she mentioned the retirement thing in the first place.  I did suggest that they stay in their house so they could start saving towards retirement when their debt is paid off.  She has mentioned before that they owe almost as much as they paid for their current house which they bought 12 or so years ago because they had cashed out the equity a couple of years back so they won't even have a big down payment if they buy another house.
« Last Edit: February 03, 2015, 02:42:33 PM by crispy »

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Re: Overheard at Work
« Reply #6689 on: February 03, 2015, 07:33:17 AM »
Every time I go on holidays, now, people at work say, "You're not going to try to just take carry-on luggage are you? Don't do it!"

I cannot work out what they're trying to save me from.



Since our credit card gives us each a free checked bag, we've stopped using carry on luggage.
My reasons:
1) At our small airport everything bigger than a purse or small backpack has to be gate checked, and it is a giant PITA to wait in the cold (or hot, it never seems to be comfortable)  jetway waiting for them to unload your bag.  Especially if you have a tight connection!
2) If you don't have group 1 boarding, even if you don't gate check, you have to fight for overhead space because too many people carry on stuff.
3) Airports seem to make their bathrooms with the idea that no one will have luggage. 
4) Running to catch a plane is so much easier without a bag.


So, I've now gone to either checked only or carry on only- but I won't do both in the same trip.  If carry on, I try to use a backpack instead of a rolling bag when I can.

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Re: Overheard at Work
« Reply #6690 on: February 03, 2015, 09:09:30 AM »
Every time I go on holidays, now, people at work say, "You're not going to try to just take carry-on luggage are you? Don't do it!"

I cannot work out what they're trying to save me from.



Since our credit card gives us each a free checked bag, we've stopped using carry on luggage.
My reasons:
1) At our small airport everything bigger than a purse or small backpack has to be gate checked, and it is a giant PITA to wait in the cold (or hot, it never seems to be comfortable)  jetway waiting for them to unload your bag.  Especially if you have a tight connection!
2) If you don't have group 1 boarding, even if you don't gate check, you have to fight for overhead space because too many people carry on stuff.
3) Airports seem to make their bathrooms with the idea that no one will have luggage. 
4) Running to catch a plane is so much easier without a bag.


So, I've now gone to either checked only or carry on only- but I won't do both in the same trip.  If carry on, I try to use a backpack instead of a rolling bag when I can.

THIS is exactly why I hate carryons. We used to have a Delta Amex and only ever flew Delta or Southwest. Haven't flown yet since I got rid of the card but I am dreading it :P

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Re: Overheard at Work
« Reply #6691 on: February 03, 2015, 09:37:56 AM »
1) At our small airport everything bigger than a purse or small backpack has to be gate checked, and it is a giant PITA to wait in the cold (or hot, it never seems to be comfortable)  jetway waiting for them to unload your bag.  Especially if you have a tight connection!
2) If you don't have group 1 boarding, even if you don't gate check, you have to fight for overhead space because too many people carry on stuff.
3) Airports seem to make their bathrooms with the idea that no one will have luggage. 
4) Running to catch a plane is so much easier without a bag.
Most of these things only seem relevant if you assume you're maxing out the quota of carry-ons. I normally travel with a backpack that fits under the seat in front of me. No gate-check, no PITA, no overhead space, no bathroom issues, and I can run pretty well with it.
This is slightly easier in warmer seasons with less winter clothing to haul, but I've pulled it off year-round for a week or more, even internationally.
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Re: Overheard at Work
« Reply #6692 on: February 03, 2015, 09:41:25 AM »
Quote
Most of these things only seem relevant if you assume you're maxing out the quota of carry-ons.

I can't pack for a week of work (suits with jackets required, which means I also need to bring at least 2 pairs of shoes, so I can have appropriate shoes for work, and then regular shoes for after work.), along with my laptop in a backpack.  So I have to have a rolling bag, and they have to be gate checked or put above the seat.

If I'm not going for work, a backpack usually goes under my seat.  But if I'm not going for work, I usually drive, or we have scuba gear, so we are checking bags anyway- and I find that preferable to carrying on anything.  Going carry on free is so wonderful.

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Re: Overheard at Work
« Reply #6693 on: February 03, 2015, 10:58:19 AM »
I work for the province and there is a strong possibility that we will be losing our superannuation benefit. However, if it is handled the same way as the Feds we would be paid out any monies that we would have been eligible for up until this point. There would be no further payouts and no more earning a superannuation, it would just be gone.

So we were discussing this in the office yesterday, one coworker had no idea what our superannuation was or that it even existed and she wasn't the worst. My other coworker, who would be 55+, commented that when his wife got her payout from the Feds they spent it, "why would you save it when you're going to get a pension anyway?" and "who knows how long you'll live you might want to enjoy it now". I didn't comment, I think I was in shock.

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Re: Overheard at Work
« Reply #6694 on: February 03, 2015, 12:15:47 PM »
UGH!  So, I have a coworker that just put in her notice at work.  The new place offered her a pretty good package, 15k a year more (so around 130k), a 25% annual bonus if goals are met, a 5% 401k match etc (she doesn't save in our existing 401k just an FYI).  We are talking yesterday and she was saying how the bump would be nice since her and her husband can now start building a savings account (which they are pulling in 240k a year combined now and apparently have no savings).  Sitting here just now she calls her husband and says she's "found her dream home" and it's ONLY 895k so our mortgage would only go up "a little bit" and they HAVE to go look and put in an offer this weekend. 

Her current house is a 2 bed in the District that she bought for 450 during the recession on a 30 year FHA w/3% down...the new house is a 3 bed, 3 bath, it's them and a dog and no plan for having kids.  That new mortgage is going to be going up more then "a little bit" even taking into account the 20% increase in sale price they can realistically see..  I also broke the news to her that if she is changing jobs (no savings remember) then she will have a hard time getting a mortgage since she can't provide a consistent work history. 

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Re: Overheard at Work
« Reply #6695 on: February 03, 2015, 12:44:54 PM »
UGH!  So, I have a coworker that just put in her notice at work.  The new place offered her a pretty good package, 15k a year more (so around 130k), a 25% annual bonus if goals are met, a 5% 401k match etc (she doesn't save in our existing 401k just an FYI).  We are talking yesterday and she was saying how the bump would be nice since her and her husband can now start building a savings account (which they are pulling in 240k a year combined now and apparently have no savings).  Sitting here just now she calls her husband and says she's "found her dream home" and it's ONLY 895k so our mortgage would only go up "a little bit" and they HAVE to go look and put in an offer this weekend. 

Her current house is a 2 bed in the District that she bought for 450 during the recession on a 30 year FHA w/3% down...the new house is a 3 bed, 3 bath, it's them and a dog and no plan for having kids.  That new mortgage is going to be going up more then "a little bit" even taking into account the 20% increase in sale price they can realistically see.. I also broke the news to her that if she is changing jobs (no savings remember) then she will have a hard time getting a mortgage since she can't provide a consistent work history.

I've heard this a lot but I think part of the story is missing.  If you bounce from job to job, this may be true but I have been told by mortgage brokers that provided it's within the same field, it counts as continual employment.  Had only been at a new job a short while when I first got a mortgage but had been in the field over 4 years; changed jobs during a refinance in 2013 (again, to a better job in the same field) and had no issues with getting the refi.

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Re: Overheard at Work
« Reply #6696 on: February 03, 2015, 07:44:49 PM »
I work for the province and there is a strong possibility that we will be losing our superannuation benefit. However, if it is handled the same way as the Feds we would be paid out any monies that we would have been eligible for up until this point. There would be no further payouts and no more earning a superannuation, it would just be gone.

How is this not extremely illegal??

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Re: Overheard at Work
« Reply #6697 on: February 03, 2015, 09:53:20 PM »
I work for the province and there is a strong possibility that we will be losing our superannuation benefit. However, if it is handled the same way as the Feds we would be paid out any monies that we would have been eligible for up until this point. There would be no further payouts and no more earning a superannuation, it would just be gone.

How is this not extremely illegal??

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Re: Overheard at Work
« Reply #6698 on: February 04, 2015, 01:23:57 AM »
Saw this on FB:  Husband bought wife one of those fancy, wearable exercise gadgets for Christmas (about $120).  Forgot he bought it and just found it a week ago, did an LOL and and "OOPSIE".



Jeez, and I'm annoyed I can't find two tiny candles I bought as stocking fillers!

CW1 to me - looking forward to retiring in 5 weeks?
Me - yup, joining you (he only works 4 days a month)
CW2 - I'll be working till I'm 69 or 70
CW3 - me too!
CW1 - surely not - how much are you paying into our pension?
CW2 - nothing. I get letters about the bit the company pays and I can't understand it. Anyway, like I said, I'll be working till I'm 69 so what's the point?
CW1 - em, the point is to pay into a pension so you don't have to work till you're 69?
CW3 - I'm not paying in anything either, suppose I should really (he's 61!)
Me - that's crazy, you know you get 25% added to whatever you contribute?
CW2 & 3 - silence
CW2 - xxxx pays LOADS into her pension!!!!!
Me - yup, so does yyyyy. Can't see either of them working till they're 69.
CW2 - it's all right for some!!!!!
CW3 - yeah, I'll be working till I drop (which may not be too long as he's in poor health :( )

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Re: Overheard at Work
« Reply #6699 on: February 04, 2015, 07:45:46 AM »
Saw this on FB:  Husband bought wife one of those fancy, wearable exercise gadgets for Christmas (about $120).  Forgot he bought it and just found it a week ago, did an LOL and and "OOPSIE".



Jeez, and I'm annoyed I can't find two tiny candles I bought as stocking fillers!

CW1 to me - looking forward to retiring in 5 weeks?
Me - yup, joining you (he only works 4 days a month)
CW2 - I'll be working till I'm 69 or 70
CW3 - me too!
CW1 - surely not - how much are you paying into our pension?
CW2 - nothing. I get letters about the bit the company pays and I can't understand it. Anyway, like I said, I'll be working till I'm 69 so what's the point?
CW1 - em, the point is to pay into a pension so you don't have to work till you're 69?
CW3 - I'm not paying in anything either, suppose I should really (he's 61!)
Me - that's crazy, you know you get 25% added to whatever you contribute?
CW2 & 3 - silence
CW2 - xxxx pays LOADS into her pension!!!!!
Me - yup, so does yyyyy. Can't see either of them working till they're 69.
CW2 - it's all right for some!!!!!
CW3 - yeah, I'll be working till I drop (which may not be too long as he's in poor health :( )

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