Author Topic: Overheard at Work  (Read 4928173 times)

NykkiC

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Re: Overheard at Work
« Reply #7850 on: April 15, 2015, 06:23:45 PM »
it could maybe be an opportunity cost. but nothing more.

But that's the key.

If you have $10 that you've earned, and a mortgage, you could put that $10 towards the mortgage, saving you the 4% interest on it.

Or you could go to the movies.  By going to the movies, you're choosing to pay 4% on the $10.  Thus, in essence, your mortgage is financing that movie expenditure.

It may or may not be 100% accurate, but it's one valid way of looking at it.

i dont agree on how you are using opportunity cost

you either pay 10 on your mortgage or you pay 10 to go to the movies. if you pay 10 on the mortgage now,  it means no movie. if you pay for the movie now,   it means that later you have to pay 10 plus 4% for the mortgage.  you changed the timeline

I  argue that if you saw a movie later, it probably will increase in price, as well

i think we can both agree that the rate or inflation for the movie isnt the same as the APR for the mortgage but the 4% represents the opportunity to buy a house now. you didnt have the cash,  and you didnt want to wait and save up.


Why would the price go up? Sure, DVDs usually cost more than the price of a movie ticket but its an apples to oranges comparison. Yes, they are both fruit (or getting to view the movie) but buying it means that you get to watch it as many times as you want (barring wear and tear on discs) for the same price, unlike cinemas where you have to pay over and over.

A better comparison would be renting it. If you get it from a library or equivalent (my prefered method) it can be virtually free to completely free. For renting from a video store, the price should still be cheaper if you keep an eye on specials and borrow once its out of the new releases.

TL;DR The cost per viewing should go down, not up.

arebelspy

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Re: Overheard at Work
« Reply #7851 on: April 15, 2015, 09:52:34 PM »
Viewing the same movie now, but in the future, the price should go down (deflation).

Viewing a new release in the future, the price should go up (inflation).
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Re: Overheard at Work
« Reply #7852 on: April 16, 2015, 11:06:25 AM »
When you start nursing school the government gives you these things they call low-anes or something.  Whatever they call it, it's a big pile of free money you get when you say you'll go get more schooling.  So it's like a bonus, you can go buy a new car, or buy a new macbook air, take a vacation, eat at a fancy restaurant, get your hair and nails done up, or anything else you've always wanted but never had the cash for.  It doesn't even matter if you go to class!

^^At least that's what I imagine is going through her head.
Is it common for people to use student loans for fun shit?
Is that a dumb question?
I never had any loans (combination of luck and doing the right things, I guess) but I literally never conceived of being able to, or wanting to, use them for anything other than actual school expenses. Maybe that's why I felt like the only broke-ass, with my ROTC scholarship and just enough hours cleaning dorm bathrooms to pay rent. I wish I could say I'd taken advantage of that massive headstart by vaulting ahead of the rest right out the gate, but I was still broke a full decade later because of dumb shit I did.
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For real, never thought it was even possible to commit such dumbassery with student loans, even if you wanted to.
What seems to be the default now is that you file FAFSA, and get qualified for a certain amount of student loans (and other aid). They'll pay the school their share and anything left over is automatically sent to you as a check. That happened where I got my Masters and the community college DH was going to part time.

Which brings me to a "Dumb shit my friends say" moment. One of my younger friends and her bf were in community college for about a year. I was talking to them not long after they dropped out. Bf said "The one thing I miss about school is those checks they send you every quarter" (CC here does quarters instead of semesters). I didn't want to dig further but I'm really not sure they understood that these were loans that not only will they have to pay back but will have to start paying back soon since you only get a six month grace period after you stop being a full time student.

bb11

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Re: Overheard at Work
« Reply #7853 on: April 16, 2015, 02:50:04 PM »
Co-worker just bought an expensive house, but has to pay final rent check on old apartment at the same time as the first mortgage payment is due.

"So they expect us to pay rent and a mortgage, like double. I don't get how they can expect that. Maybe we'll just run it up on a credit card or something".

Yikes.

MgoSam

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Re: Overheard at Work
« Reply #7854 on: April 16, 2015, 02:54:40 PM »
it could maybe be an opportunity cost. but nothing more.

But that's the key.

If you have $10 that you've earned, and a mortgage, you could put that $10 towards the mortgage, saving you the 4% interest on it.

Or you could go to the movies.  By going to the movies, you're choosing to pay 4% on the $10.  Thus, in essence, your mortgage is financing that movie expenditure.

It may or may not be 100% accurate, but it's one valid way of looking at it.

i dont agree on how you are using opportunity cost

you either pay 10 on your mortgage or you pay 10 to go to the movies. if you pay 10 on the mortgage now,  it means no movie. if you pay for the movie now,   it means that later you have to pay 10 plus 4% for the mortgage.  you changed the timeline

I  argue that if you saw a movie later, it probably will increase in price, as well

i think we can both agree that the rate or inflation for the movie isnt the same as the APR for the mortgage but the 4% represents the opportunity to buy a house now. you didnt have the cash,  and you didnt want to wait and save up.


Why would the price go up? Sure, DVDs usually cost more than the price of a movie ticket but its an apples to oranges comparison. Yes, they are both fruit (or getting to view the movie) but buying it means that you get to watch it as many times as you want (barring wear and tear on discs) for the same price, unlike cinemas where you have to pay over and over.

A better comparison would be renting it. If you get it from a library or equivalent (my prefered method) it can be virtually free to completely free. For renting from a video store, the price should still be cheaper if you keep an eye on specials and borrow once its out of the new releases.

TL;DR The cost per viewing should go down, not up.

I don't watch many movies more than once, so if it isn't good enough to watch in the theaters I would most likely get it from the library (free), rent it at the library (50 cents a day), rent it from Redbox (1.25/day) or borrow it from a friend (free), which is way cheapter than paying $10. Of course another option is going to a second-run theater, which would be around $3.

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Re: Overheard at Work
« Reply #7855 on: April 16, 2015, 05:17:51 PM »
Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

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Re: Overheard at Work
« Reply #7856 on: April 16, 2015, 07:16:21 PM »

Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

If only the ultra rich purchased these things the companies would go under. The Millionaire Next Door touched on this and noted the people that chase these possessions as the "aspirational rich" who never actually get there cause they spend so much on trying to appear like they are there already. But I agree holy fucking shit that is insane for a watch!!!!



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RunHappy

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Re: Overheard at Work
« Reply #7857 on: April 17, 2015, 02:20:57 AM »
it could maybe be an opportunity cost. but nothing more.

But that's the key.

If you have $10 that you've earned, and a mortgage, you could put that $10 towards the mortgage, saving you the 4% interest on it.

Or you could go to the movies.  By going to the movies, you're choosing to pay 4% on the $10.  Thus, in essence, your mortgage is financing that movie expenditure.

It may or may not be 100% accurate, but it's one valid way of looking at it.

i dont agree on how you are using opportunity cost

you either pay 10 on your mortgage or you pay 10 to go to the movies. if you pay 10 on the mortgage now,  it means no movie. if you pay for the movie now,   it means that later you have to pay 10 plus 4% for the mortgage.  you changed the timeline

I  argue that if you saw a movie later, it probably will increase in price, as well

i think we can both agree that the rate or inflation for the movie isnt the same as the APR for the mortgage but the 4% represents the opportunity to buy a house now. you didnt have the cash,  and you didnt want to wait and save up.


Why would the price go up? Sure, DVDs usually cost more than the price of a movie ticket but its an apples to oranges comparison. Yes, they are both fruit (or getting to view the movie) but buying it means that you get to watch it as many times as you want (barring wear and tear on discs) for the same price, unlike cinemas where you have to pay over and over.

A better comparison would be renting it. If you get it from a library or equivalent (my prefered method) it can be virtually free to completely free. For renting from a video store, the price should still be cheaper if you keep an eye on specials and borrow once its out of the new releases.

TL;DR The cost per viewing should go down, not up.

I don't watch many movies more than once, so if it isn't good enough to watch in the theaters I would most likely get it from the library (free), rent it at the library (50 cents a day), rent it from Redbox (1.25/day) or borrow it from a friend (free), which is way cheapter than paying $10. Of course another option is going to a second-run theater, which would be around $3.


I haven't paid for a movie ticket in a long time, but I just found out they are now $15 in some areas!  I thought that was absolutely crazy!  My company used to give everyone 4 passes before each summer (doesn't anymore), but when they stopped giving out passes I stopped going. 

We watch a lot of Netflix and Amazon Prime (no cable only Internet).  Sometimes will splurge on a movie from Amazon (~$4.99) if Redbox doesn't have it, but we limit those since we think Amazon Prime is already expensive enough.

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Re: Overheard at Work
« Reply #7858 on: April 17, 2015, 07:52:26 AM »
Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

Is it an Apple watch made of unobtainium and powered by uranium?
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Re: Overheard at Work
« Reply #7859 on: April 17, 2015, 08:08:42 AM »
Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

Is it an Apple watch made of unobtainium and powered by uranium?
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Re: Overheard at Work
« Reply #7860 on: April 17, 2015, 10:50:55 AM »

Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

If only the ultra rich purchased these things the companies would go under. The Millionaire Next Door touched on this and noted the people that chase these possessions as the "aspirational rich" who never actually get there cause they spend so much on trying to appear like they are there already. But I agree holy fucking shit that is insane for a watch!!!!


When questioned about this sort of thing most people respond with "But I deserve it." Whatever it is. It doesn't matter. They deserve it. "Rich people aren't better than me. I deserve to own one too." I don't know where this idea of "deserving" going into debt to buy a status symbol came from. Must be some really good marketing ads my brain didn't interpret correctly.

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Re: Overheard at Work
« Reply #7861 on: April 17, 2015, 10:56:43 AM »

Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

If only the ultra rich purchased these things the companies would go under. The Millionaire Next Door touched on this and noted the people that chase these possessions as the "aspirational rich" who never actually get there cause they spend so much on trying to appear like they are there already. But I agree holy fucking shit that is insane for a watch!!!!


When questioned about this sort of thing most people respond with "But I deserve it." Whatever it is. It doesn't matter. They deserve it. "Rich people aren't better than me. I deserve to own one too." I don't know where this idea of "deserving" going into debt to buy a status symbol came from. Must be some really good marketing ads my brain didn't interpret correctly.

One of the three times I was ever close to breaking up SWMBO was early in our relationship when she got an iPhone. She said that she had a shitty phone for so long, she deserved a nice one. I never understood that, and the sense of entitlement really upset me. Because you had something that wasn't that great, but didn't even exist 15 years prior, you deserve to pay more month over month for eternity to have a better version of that thing that we all got along fine without for so long?

I don't think she ever knew how much that bothered me, since I don't think I actually said anything about it (we hadn't been dating long enough for me to get involved in her finances). I watched her spending habits closely for the next few months (and years) and realized that she likes some nice things, but isn't spendthrift and in general doesn't have any entitlement issues, so I got over it.

Apples

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Re: Overheard at Work
« Reply #7862 on: April 17, 2015, 11:33:54 AM »

Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

If only the ultra rich purchased these things the companies would go under. The Millionaire Next Door touched on this and noted the people that chase these possessions as the "aspirational rich" who never actually get there cause they spend so much on trying to appear like they are there already. But I agree holy fucking shit that is insane for a watch!!!!


When questioned about this sort of thing most people respond with "But I deserve it." Whatever it is. It doesn't matter. They deserve it. "Rich people aren't better than me. I deserve to own one too." I don't know where this idea of "deserving" going into debt to buy a status symbol came from. Must be some really good marketing ads my brain didn't interpret correctly.

"But I deserve it." describes several relatives of mine to a T.  Never mind they're in working-class to lower-middle-class jobs.  Spending more than a few hours at an event with them makes my brain want to explode.

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Re: Overheard at Work
« Reply #7863 on: April 17, 2015, 11:40:21 AM »

Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

If only the ultra rich purchased these things the companies would go under. The Millionaire Next Door touched on this and noted the people that chase these possessions as the "aspirational rich" who never actually get there cause they spend so much on trying to appear like they are there already. But I agree holy fucking shit that is insane for a watch!!!!


When questioned about this sort of thing most people respond with "But I deserve it." Whatever it is. It doesn't matter. They deserve it. "Rich people aren't better than me. I deserve to own one too." I don't know where this idea of "deserving" going into debt to buy a status symbol came from. Must be some really good marketing ads my brain didn't interpret correctly.

mamagoose

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Re: Overheard at Work
« Reply #7864 on: April 17, 2015, 11:41:44 AM »
Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

You have a $150 watch? Even that's out of my league.
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Re: Overheard at Work
« Reply #7865 on: April 17, 2015, 11:54:37 AM »
2010 :Overhearing one of the boys at work saying that they have a hard time living on such small wages in such an expensive province (Alberta). He couldn't make his child support payment this month because of a drunk driving charge he received awhile back and how is current GF totalled his car and was charged with no insurance and no drivers licence... A few weeks later his GF bought him $2000 bucks in coke to help him relax for his birthday.

2011: Another guy, who while not too horrible with his money (only has a 60K loan on an used Audi, living with mom & dad, no savings), also needed to somehow save up 10k to pay for his lawyer to fight his DUI charge. He really needs to drive; how else will you go out and spend 2k a night partying if you can't drive there?

Both were fired for being idiots at later dates .....

Yeah, I'm suprised the first wasn't fired sooner. We don't really care what our employees do during their free hours, but if they are talking about buying coke while at work, most places would fire them on the spot.

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Re: Overheard at Work
« Reply #7866 on: April 17, 2015, 11:56:44 AM »
2010 :Overhearing one of the boys at work saying that they have a hard time living on such small wages in such an expensive province (Alberta). He couldn't make his child support payment this month because of a drunk driving charge he received awhile back and how is current GF totalled his car and was charged with no insurance and no drivers licence... A few weeks later his GF bought him $2000 bucks in coke to help him relax for his birthday.

2011: Another guy, who while not too horrible with his money (only has a 60K loan on an used Audi, living with mom & dad, no savings), also needed to somehow save up 10k to pay for his lawyer to fight his DUI charge. He really needs to drive; how else will you go out and spend 2k a night partying if you can't drive there?

Both were fired for being idiots at later dates .....

Yeah, I'm suprised the first wasn't fired sooner. We don't really care what our employees do during their free hours, but if they are talking about buying coke while at work, most places would fire them on the spot.

Ah, a newcomer making his way through the thread. Good luck!

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Re: Overheard at Work
« Reply #7867 on: April 17, 2015, 12:05:09 PM »
Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

You have a $150 watch? Even that's out of my league.

Lol, I owed a decent watch but I would never remember to wear it so I ended up just selling it to a friend that liked it. Even on the occasions I did wear it, I would usually use my phone to check the time anyways.

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Re: Overheard at Work
« Reply #7868 on: April 17, 2015, 12:05:51 PM »
Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

Is it an Apple watch made of unobtainium and powered by uranium?
Naha,
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FWIW, some watches could be considered collector's items, and may appreciate in value in certain markets, although we all know that ultimately things are worth what others will pay for them. It's the same premise by which some paintings or sculptures are worth millions - it just takes an intimate knowledge of the market to identify what is considered "valuable".

I agree that $30k for a watch is Caligulan excess. This reminds me of a story that kinda fits here. Having read all 161 pages of this thread, I feel like it's time to contribute :-) My first contribution to this thread will be an "Overheard a few years ago in college" one, as my coworkers are surprisingly reasonable:

Imagine my surprise when I learned that one of my hallmates in my college dorm had 2 ~$35k Rolexes in his room - I was dumbstruck! But wait, it gets better:

...AND a ~$9k Tag Heuer watch that he never wore.

AND 3 Ferrari's.

AND a 7-series BMW.

AND a ~$100k Mercedes.

AND a Ford Expedition.

AND a BMW X5.

AND a house so big that a mutual friend of ours literally got lost and wound up in a DIFFERENT WING by mistake, in a high-COL area.

...

I could go on for days. The level of ridiculous consumption was/continues to be baffling. I know nothing about whether or not they could "afford" all of this, but that isn't really the point...
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Re: Overheard at Work
« Reply #7869 on: April 17, 2015, 12:16:13 PM »
Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

You have a $150 watch? Even that's out of my league.

Lol, I owed a decent watch but I would never remember to wear it so I ended up just selling it to a friend that liked it. Even on the occasions I did wear it, I would usually use my phone to check the time anyways.

I sold a watch my grandfather gave me (that he was going to throw out) for $800. I don't wear watches unless I'm going to be camping for an extended time... last time I did that I was in grade school.

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Re: Overheard at Work
« Reply #7870 on: April 17, 2015, 01:08:36 PM »
I sold a watch my grandfather gave me

Did it come to you via Chris Walken?
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Re: Overheard at Work
« Reply #7871 on: April 17, 2015, 01:14:11 PM »
Specifically the rectum thereof?

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Re: Overheard at Work
« Reply #7872 on: April 17, 2015, 01:38:39 PM »
I sold a watch my grandfather gave me

Did it come to you via Chris Walken?

Specifically the rectum thereof?

LOL, you guys.

I have two watches--a cheapo black Casio I wear on weekends and a Citizen Eco-Drive I wear to work and when being dressy.  The Citizen retailed at the time for $350, but I bought it off eBay for $80.  It's a spiffy little watch.  Unlike Pooperman I feel naked without wearing a watch; with few exceptions I've worn a watch every day since the fourth grade.
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Re: Overheard at Work
« Reply #7873 on: April 17, 2015, 01:39:28 PM »
I sold a watch my grandfather gave me (that he was going to throw out) for $800. I don't wear watches unless I'm going to be camping for an extended time... last time I did that I was in grade school.

Why wear a watch camping? That's one of the few times I don't care what time it is. Setup camp 45 minutes before sundown or 3 fingers from the horizon.

I like Fossil watches, a good style can be classy or casual. Take your old one in and you can usually get 50% off your new one. Not that I trade in very often, got my first in 11th grade, second 5 years ago, and third 2 years ago... hmm, quality may be going down.
« Last Edit: April 17, 2015, 01:42:49 PM by zdravé »

Pooperman

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Re: Overheard at Work
« Reply #7874 on: April 17, 2015, 01:44:56 PM »
I sold a watch my grandfather gave me (that he was going to throw out) for $800. I don't wear watches unless I'm going to be camping for an extended time... last time I did that I was in grade school.

Why wear a watch camping? That's one of the few times I don't care what time it is. Setup camp 45 minutes before sundown or 3 fingers from the horizon.

Because you might be going somewhere while camping and not have access to electronics outside of your watch. Also helps with orienteering should you be doing something like that (a compass is better, but a watch is a substitute if you can math).

frugalnacho

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Re: Overheard at Work
« Reply #7875 on: April 17, 2015, 01:48:22 PM »
I sold a watch my grandfather gave me

Did it come to you via Chris Walken?

HAHAHA, thanks for reminding me of that skit.

mtn

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Re: Overheard at Work
« Reply #7876 on: April 17, 2015, 01:49:11 PM »

Because you might be going somewhere while camping and not have access to electronics outside of your watch. Also helps with orienteering should you be doing something like that (a compass is better, but a watch is a substitute if you can math).

How do you do that?

GuitarStv

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Re: Overheard at Work
« Reply #7877 on: April 17, 2015, 01:54:06 PM »

Because you might be going somewhere while camping and not have access to electronics outside of your watch. Also helps with orienteering should you be doing something like that (a compass is better, but a watch is a substitute if you can math).

How do you do that?

http://www.wikihow.com/Find-Direction-Using-a-Watch

BackyarBQ

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Re: Overheard at Work
« Reply #7878 on: April 17, 2015, 02:07:54 PM »
I sold a watch my grandfather gave me (that he was going to throw out) for $800. I don't wear watches unless I'm going to be camping for an extended time... last time I did that I was in grade school.

Why wear a watch camping? That's one of the few times I don't care what time it is. Setup camp 45 minutes before sundown or 3 fingers from the horizon.


Very true. I was just hoping it wasn't and for importance knowing the time on vacation.

Because you might be going somewhere while camping and not have access to electronics outside of your watch. Also helps with orienteering should you be doing something like that (a compass is better, but a watch is a substitute if you can math).
« Last Edit: April 17, 2015, 02:21:24 PM by zdravé »

frugalnacho

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Re: Overheard at Work
« Reply #7879 on: April 17, 2015, 02:08:06 PM »

Because you might be going somewhere while camping and not have access to electronics outside of your watch. Also helps with orienteering should you be doing something like that (a compass is better, but a watch is a substitute if you can math).

How do you do that?

What if my watch is digital?

http://www.wikihow.com/Find-Direction-Using-a-Watch

dragoncar

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Re: Overheard at Work
« Reply #7880 on: April 17, 2015, 04:34:03 PM »

Because you might be going somewhere while camping and not have access to electronics outside of your watch. Also helps with orienteering should you be doing something like that (a compass is better, but a watch is a substitute if you can math).

How do you do that?

What if my watch is digital?

http://www.wikihow.com/Find-Direction-Using-a-Watch

You can still use it to estimate how far you've gone,if you've boiled your water long enough, etc.

JLee

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Re: Overheard at Work
« Reply #7881 on: April 17, 2015, 04:58:38 PM »
"We owe $1500 on taxes, so now we're broke!"

Months after buying a brand new (2015?) Honda Accord to replace the previously-new 2014 Tacoma that was totalled about 2 months after they bought it...

Indexer

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Re: Overheard at Work
« Reply #7882 on: April 18, 2015, 02:09:53 PM »
JLee:  That is good.  It must be tax time because mine is very similar. 

CW:  "We owe $1800 in taxes, and there is no way we can pay that!"   (Recently bought a new Buick.)
Me:  "Well first and foremost you need to make sure you have another $150 taken from your paycheck each month so it doesn't happen again."
CW: "OMG!  I can't afford this, there is no way I can afford that!  I'm already in the red.  I can't have smaller paychecks!"
Me:  "Well if you don't then you are just going to owe a bunch of money again next year."

10 minutes later...
CW:  "I just bought tickets to go to a concert in [city 8 hours away].  However I'm not really sure how I'm going to afford the hotel room."

solon

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Re: Overheard at Work
« Reply #7883 on: April 18, 2015, 03:37:37 PM »
JLee:  That is good.  It must be tax time because mine is very similar. 

CW:  "We owe $1800 in taxes, and there is no way we can pay that!"   (Recently bought a new Buick.)
Me:  "Well first and foremost you need to make sure you have another $150 taken from your paycheck each month so it doesn't happen again."
CW: "OMG!  I can't afford this, there is no way I can afford that!  I'm already in the red.  I can't have smaller paychecks!"
Me:  "Well if you don't then you are just going to owe a bunch of money again next year."

10 minutes later...
CW:  "I just bought tickets to go to a concert in [city 8 hours away].  However I'm not really sure how I'm going to afford the hotel room."

Boggles the mind...

Taran Wanderer

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Re: Overheard at Work
« Reply #7884 on: April 18, 2015, 03:39:31 PM »
JLee:  That is good.  It must be tax time because mine is very similar. 

CW:  "We owe $1800 in taxes, and there is no way we can pay that!"   (Recently bought a new Buick.)
Me:  "Well first and foremost you need to make sure you have another $150 taken from your paycheck each month so it doesn't happen again."
CW: "OMG!  I can't afford this, there is no way I can afford that!  I'm already in the red.  I can't have smaller paychecks!"
Me:  "Well if you don't then you are just going to owe a bunch of money again next year."

10 minutes later...
CW:  "I just bought tickets to go to a concert in [city 8 hours away].  However I'm not really sure how I'm going to afford the hotel room."

Wow.  Just wow.

Hedge_87

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Re: Overheard at Work
« Reply #7885 on: April 18, 2015, 09:48:36 PM »
JLee:  That is good.  It must be tax time because mine is very similar. 

CW:  "We owe $1800 in taxes, and there is no way we can pay that!"   (Recently bought a new Buick.)
Me:  "Well first and foremost you need to make sure you have another $150 taken from your paycheck each month so it doesn't happen again."
CW: "OMG!  I can't afford this, there is no way I can afford that!  I'm already in the red.  I can't have smaller paychecks!"
Me:  "Well if you don't then you are just going to owe a bunch of money again next year."

10 minutes later...
CW:  "I just bought tickets to go to a concert in [city 8 hours away].  However I'm not really sure how I'm going to afford the hotel room."

Wow.  Just wow.
I really try and be sympathetic but it's just so damn hard with crap like this.
There are two types of people in this world. Those who think they can and those who think they can't. They are both right. - Henry ford

abuzzyisawesome

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Re: Overheard at Work
« Reply #7886 on: April 19, 2015, 08:30:41 AM »
Another gem from the office - coworker leased large Nissan SUV. She ended up buying it because she had but 70,000 miles on it in three years (to avoid mileage penalty I suppose). Then, she sold it at 74,000, to buy a new Chevy Equinox SUV. It has to be a large vehicle to hold her dog crate for her dog. :/ She has mentioned she will need to keep working beyond her retirement age (she is currently 60)  in order to keep making payments. 

NateC

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Re: Overheard at Work
« Reply #7887 on: April 19, 2015, 10:00:54 AM »
Co-worker is thinking about trading in his 2011 half-ton truck for a brand new model costing $41,000 before the trade-in of the 2011 for $17,000. At the end of the cost breakdown, he states "Out the door, it will only cost me $24,000 for a brand new truck that will be paid off in 4 years."

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Re: Overheard at Work
« Reply #7888 on: April 19, 2015, 11:48:48 AM »
Co-worker is thinking about trading in his 2011 half-ton truck for a brand new model costing $41,000 before the trade-in of the 2011 for $17,000. At the end of the cost breakdown, he states "Out the door, it will only cost me $24,000 for a brand new truck that will be paid off in 4 years."

Yes, $24,000 more than keeping the existing truck. Assuming he's making a habit out of trading in his trucks when they reach four years old then he's looking at about $6,000 per year in depreciation alone (also assumes his previous truck cost a similar amount when new)...

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Re: Overheard at Work
« Reply #7889 on: April 19, 2015, 11:53:01 AM »
Another guy at work traded in his 3 year old F-150 for a brand new $35,000 hybrid about 2 years ago. He is in the process of trading in the hybrid for another F-150 because he is "renovating" his house. I'm pretty sure he's doing trim, paint, and maybe some laminate flooring.

bzzzt

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Re: Overheard at Work
« Reply #7890 on: April 19, 2015, 01:38:09 PM »
Another guy at work traded in his 3 year old F-150 for a brand new $35,000 hybrid about 2 years ago. He is in the process of trading in the hybrid for another F-150 because he is "renovating" his house. I'm pretty sure he's doing trim, paint, and maybe some laminate flooring.

Yikes. I guess he never saw the truck out front of every big box Home store that says "Rent me for $35 for the first hour!"...

Most people plan renos like crap though and end up back at the store all the time. Even then, get a roof rack!

NateC

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Re: Overheard at Work
« Reply #7891 on: April 19, 2015, 01:42:59 PM »
Another guy at work traded in his 3 year old F-150 for a brand new $35,000 hybrid about 2 years ago. He is in the process of trading in the hybrid for another F-150 because he is "renovating" his house. I'm pretty sure he's doing trim, paint, and maybe some laminate flooring.

Yikes. I guess he never saw the truck out front of every big box Home store that says "Rent me for $35 for the first hour!"...

Most people plan renos like crap though and end up back at the store all the time. Even then, get a roof rack!

I brought up renting a truck, and he said it was too much of a hassel....

Zaga

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Re: Overheard at Work
« Reply #7892 on: April 19, 2015, 02:35:21 PM »
I sort of love people like that, that's who we play to buy a gently used truck from when DH's current vehicle dies!

bzzzt

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Re: Overheard at Work
« Reply #7893 on: April 19, 2015, 03:05:57 PM »
I brought up renting a truck, and he said it was too much of a hassle....

Haha. Sounds like my buddy who doesn't get why I own a 2WD pickup truck (that I actually use as a truck). He won't own a truck unless it's 4WD and he's usually just driving around town even though it's lifted on 35" tires.

When asked what I'd do if I get stuck: "Call you. I've always got a $200 in my wallet and the beer in my fridge is cold. If that fails, call for a wrecker service. $200 IF I get stuck is way cheaper than the price premium on 4WD trucks."

People don't understand opportunity cost...

Albert

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Re: Overheard at Work
« Reply #7894 on: April 19, 2015, 03:37:09 PM »
Overheard at work: $30,000 watch. My brain hurts :-( yes this persons household income is considerably higher than mine, but it would still be like me buying a 6k watch... wtf? My 12 year old $150 watch is still going strong... it felt like such a luxury at the time! I also tryed to convince people that luxury goods were for the ultra rich not cubicle jockeys like us. That we aren't  even the target market... the target market is the ultra rich, ceos, pop stars etc... don't  think anyone else agreed with me. But i have never seen myself as being in that realm :-S

I live close to an area famous for producing luxury watches. When I happen to be on the main shopping street downtown with some time to spear I like to look at those fancy watches in shop windows. I haven't seen one for 30,000 yet (some firms don't advertise prices), but 10-15k is quite ordinary. Salespersons are so bored though, because most of the time they are alone in those shops...

As for myself I also have 100-150$ watch which was a gift from my father long ago, but it's mostly gathering dust now. Cell phone which I always have with me is sufficient for my time keeping needs.

JLee

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Re: Overheard at Work
« Reply #7895 on: April 20, 2015, 01:00:30 PM »
I brought up renting a truck, and he said it was too much of a hassle....

Haha. Sounds like my buddy who doesn't get why I own a 2WD pickup truck (that I actually use as a truck). He won't own a truck unless it's 4WD and he's usually just driving around town even though it's lifted on 35" tires.

When asked what I'd do if I get stuck: "Call you. I've always got a $200 in my wallet and the beer in my fridge is cold. If that fails, call for a wrecker service. $200 IF I get stuck is way cheaper than the price premium on 4WD trucks."

People don't understand opportunity cost...
If you just haul stuff around in a dry climate, I could see a 2wd truck. I grew up in NH and I go offroad in the desert out in AZ, so personally I wouldn't own a 2wd truck. Not multi-purpose enough for my intended purpose.

But...I don't drive a pavement queen on 35's. :P

I did manage to stuff a (free!) 42u four post server rack in the back of my SUV yesterday. It hung out the back and I had to lock the gate open for the ~2mi drive home, but it fit!

Hedge_87

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Re: Overheard at Work
« Reply #7896 on: April 20, 2015, 08:50:09 PM »
I brought up renting a truck, and he said it was too much of a hassle....

Haha. Sounds like my buddy who doesn't get why I own a 2WD pickup truck (that I actually use as a truck). He won't own a truck unless it's 4WD and he's usually just driving around town even though it's lifted on 35" tires.

When asked what I'd do if I get stuck: "Call you. I've always got a $200 in my wallet and the beer in my fridge is cold. If that fails, call for a wrecker service. $200 IF I get stuck is way cheaper than the price premium on 4WD trucks."

People don't understand opportunity cost...
If you just haul stuff around in a dry climate, I could see a 2wd truck. I grew up in NH and I go offroad in the desert out in AZ, so personally I wouldn't own a 2wd truck. Not multi-purpose enough for my intended purpose.

But...I don't drive a pavement queen on 35's. :P

I did manage to stuff a (free!) 42u four post server rack in the back of my SUV yesterday. It hung out the back and I had to lock the gate open for the ~2mi drive home, but it fit!
I'm kind of on the fence on the whole 4 wheel vs. 2 wheel thing. some times I think if I ever have to replace current truck I could go with a 2 wheel drive (less moving parts and cheaper purchase price). However I do use it enough that I feel it is a nice feature to have. sometime just knowing I have the option to use four wheel drive allows me to go places I might not in a two wheel drive. For example when cutting firewood I might pull down into a low spot that may or may not be wet. Chances are 2wd will get me out but in my experience things can go from everything going alright to stuck in a few seconds.
There are two types of people in this world. Those who think they can and those who think they can't. They are both right. - Henry ford

Chuck

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Re: Overheard at Work
« Reply #7897 on: April 20, 2015, 09:26:12 PM »
I talked to my coworkers about my grand plans for FIRE on Friday.

Not well received. First it was shock and ridicule, and then it quickly moved to angry outbursts from a couple of them. I kept cool and explained my plan, even broke down my current budget and how I expect to cover healthcare and a kid in the future.

After waaaay too long not doing work, I actually had tacit support from a couple and outright support from a couple more. Not bad. Today the guy in the cube next to me told me he was going through his credit card statements over the weekend to figure out where all of his money was going. I made him think! :D

bzzzt

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Re: Overheard at Work
« Reply #7898 on: April 20, 2015, 09:27:28 PM »
I'm kind of on the fence on the whole 4 wheel vs. 2 wheel thing.

I'm not against 4WD trucks if necessary, but we live in the suburbs of Chicago. The only way I'm getting off-road is if I start driving through someone's lawn...

This one goes back a long ways to high school, but fits here. Overheard from a cheerleader: "OMG, I'm so glad I drove my Dad's Cherokee today. It stops sooo much better with 4WD!"

Just... fuck you're stupid.
« Last Edit: April 20, 2015, 09:30:04 PM by bzzzt »

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Re: Overheard at Work
« Reply #7899 on: April 21, 2015, 08:08:16 AM »
I'm kind of on the fence on the whole 4 wheel vs. 2 wheel thing.

I'm not against 4WD trucks if necessary, but we live in the suburbs of Chicago. The only way I'm getting off-road is if I start driving through someone's lawn...

This one goes back a long ways to high school, but fits here. Overheard from a cheerleader: "OMG, I'm so glad I drove my Dad's Cherokee today. It stops sooo much better with 4WD!"

Just... fuck you're stupid.

Haha. Reminds me of the time one of our friends was complaining about her car riding rough in high school, so we asked her how long it had been since she changed the air in her tires. We actually convinced her to take it to a tire shop and request that they change the air, which they (for some reason?) actually did. She was convinced that it was riding much smoother afterwards.
“There is scarcely anything in the world that some man cannot make a little worse, and sell a little more cheaply. The person who buys on price alone is this man's lawful prey.” -John Ruskin

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