Author Topic: Mustachian People Problems (just for fun)  (Read 4445683 times)

AerynLee

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Re: Mustachian People Problems (just for fun)
« Reply #8900 on: October 07, 2021, 04:51:22 PM »
I left my old job in September 2018. Once I knew my retirement account contributions from my last paycheck had been deposited I closed it out and transferred to my Vanguard IRA around January 2019. Then in April 2019 I received a paycheck for back pay for a union raise that was backdated to before I left. They withheld my old contribution rate and put it in my closed account (plus their generous match at least). Now I have $28 in a retirement account, but it costs $25 to get the money out, either as a direct rollover or as a straight withdrawal. Not worth the hassle to close out, but I'm annoyed at having the extra account

MudPuppy

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Re: Mustachian People Problems (just for fun)
« Reply #8901 on: October 07, 2021, 05:09:28 PM »
I had a more awkward load than usual to carry inside when my spouse got home from the store. Thatís because eggs were a penny cheaper by the individual dozen than they were by the 5 dozen box.

Morning Glory

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Re: Mustachian People Problems (just for fun)
« Reply #8902 on: October 07, 2021, 05:22:01 PM »
We are trying to use up stuff to move in a couple months but ran out of yeast. Our choices were 4 oz for $5 (Walmart) or 32 oz for 4.89 (Costco).  I ran the numbers on just buying bread for that amount of time and it doesn't work out.  Same for buying the little packets. We got the 32oz.

pasadenafr

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Re: Mustachian People Problems (just for fun)
« Reply #8903 on: October 07, 2021, 06:11:19 PM »
I'm sore from all the firewood I've been carrying from the common pile up the neighborhood to my home. I should really buy some sort of storage shelf (can't store it outside as my porch isn't protected).

Alternatively, I could un-mustache myself and turn the central heating on.

(Also a rant: why does pine / hemlock / fir wood burn SO DAMN FAST? Give me some oak, people!)

GuitarStv

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Re: Mustachian People Problems (just for fun)
« Reply #8904 on: October 08, 2021, 07:15:43 AM »
I'm sore from all the firewood I've been carrying from the common pile up the neighborhood to my home. I should really buy some sort of storage shelf (can't store it outside as my porch isn't protected).

You can store firewood outside and it should continue to dry out just fine as long as it's piled properly.  You want to put the bark side up like this to aid in the drying process:



When I was living in Northern Ontario, our house was heated by a wood stove.  Our woodshed wouldn't hold all the wood necessary to get through the winter, so we often had to pile it outside too.  If you live in a place with a ton of rain, you might want to put a tarp over the top half of the wood pile (but leave the bottom open so that moisture from the cut wood can continue to escape).

pasadenafr

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Re: Mustachian People Problems (just for fun)
« Reply #8905 on: October 08, 2021, 07:32:35 AM »
I'm sore from all the firewood I've been carrying from the common pile up the neighborhood to my home. I should really buy some sort of storage shelf (can't store it outside as my porch isn't protected).

You can store firewood outside and it should continue to dry out just fine as long as it's piled properly.  You want to put the bark side up like this to aid in the drying process:


When I was living in Northern Ontario, our house was heated by a wood stove.  Our woodshed wouldn't hold all the wood necessary to get through the winter, so we often had to pile it outside too.  If you live in a place with a ton of rain, you might want to put a tarp over the top half of the wood pile (but leave the bottom open so that moisture from the cut wood can continue to escape).

I'm in a townhome and my back porch is rather small and yes, I live in Seattle so rain is a problem. Besides, apparently the HOA doesn't allow us to pile too much wood where it's visible (*rolls eyes*). So I could, and use my BBQ's tarp on top, but it would only be a few days' worth. Might do it just so I don't have to buy a shelf.

That being said, I spoke with my neighbor (he's the one cutting the wood), and he showed me another pile that is closer to our houses. It's newer, which is why I didn't know about it, and the wood is a little more green, but dry enough for use this year. I tried it and it worked great. Dry enough to be easy to light up, not much more smoke, burns a little longer (still not long enough lol) and I enjoy all the crackling and the smell.

GuitarStv

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Re: Mustachian People Problems (just for fun)
« Reply #8906 on: October 09, 2021, 02:42:52 PM »
burns a little longer (still not long enough lol) and I enjoy all the crackling and the smell.

As long as you're not getting out of bed three times a night to toss logs on to keep the house from freezing I figure it's burning long enough.  :P

pasadenafr

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Re: Mustachian People Problems (just for fun)
« Reply #8907 on: October 09, 2021, 09:43:55 PM »
burns a little longer (still not long enough lol) and I enjoy all the crackling and the smell.

As long as you're not getting out of bed three times a night to toss logs on to keep the house from freezing I figure it's burning long enough.  :P

Nah, I light it up when I get up in the morning, and feed it / restart it a few times. I find that even though it doesn't actually heat the place (as per my thermostat), it does take away the humidity and that's enough for me to be comfortable. Will be fine as long as the highs stay in the 50's. I've made improvements in my storage method and now I can stock up enough for a couple of days at a time. No need for a dedicated storage shelf anymore 😁 (ok it's not pretty but then I live alone and it's kinda hidden in a corner behind the fireplace).

ixtap

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Re: Mustachian People Problems (just for fun)
« Reply #8908 on: October 10, 2021, 01:18:27 PM »
Just upped MBR contributions to 50%. We also pay taxes (as one does) and contribute to ESPP. I guess the next few months are a trial run at cash flow management without a paycheck...

havregryn

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Re: Mustachian People Problems (just for fun)
« Reply #8909 on: October 14, 2021, 09:08:57 AM »
I think this is a Mustachian people problem -  I am preparing to go back to full time work after a long time at home (had a baby in December 2019 and stayed home all this time to make it easier for the family to weather the covid period) and we got completely used to living on one income and still saving. Now we are about to get the firehose of cash that is my (substantial) salary back into our budget so I wanted to "treat" myself and us and I don't know, buy something. But I don't know what to buy. There is absolutely nothing we want or need that I wouldn't buy otherwise and that wouldn't fit the budget without my income just fine.

Now, I know how this sounds but I am LITERALLY beginning to worry there is something wrong with me and I don't know how to live in capitalism.

I thought OK, I'll go get some new clothes but then I found prices of everything designer-ish ridiculous and everything basic felt unnecessary so I went and bought some "fancier" stuff on a second hand online shop (and spent a minuscule amount of money given that we live in one of the highest COL areas on the planet) so that didn't really register as any real spending on our already generous budget (very, very high COL here).

Kids are at school as we can't just go and travel (that's our only indulgent budget item), so I am all out of ideas.

I know I don't have to spend money for the sake of spending money to validate the fact I am earning it (lol) but I still feel weird about it (thank you, society).


Not Sure

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Re: Mustachian People Problems (just for fun)
« Reply #8910 on: October 14, 2021, 09:13:50 AM »
I know I don't have to spend money for the sake of spending money to validate the fact I am earning it (lol) but I still feel weird about it (thank you, society).

Awesome!  Celebrate by maxing another 401k?

ToTheMoon

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Re: Mustachian People Problems (just for fun)
« Reply #8911 on: October 14, 2021, 09:18:02 AM »
Is there a child/youth centre that could use some sprucing up? Donations/larger donations to charity?

I think you have the biggest mustachian people problem of all - too much money! :D

havregryn

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Re: Mustachian People Problems (just for fun)
« Reply #8912 on: October 14, 2021, 09:22:47 AM »
I know I don't have to spend money for the sake of spending money to validate the fact I am earning it (lol) but I still feel weird about it (thank you, society).

Awesome!  Celebrate by maxing another 401k?

We live in Europe (Luxembourg) so we don't have those, we have some vaguely similar things (with much lower limits) that we have maxed out ages ago. There is nothing for us to do now but to put everything I bring home into taxable investments (which we will eventually do after maybe sitting on it for too long wondering about potential upgrades to our housing situation) .
It's just...I don't know...it feels weird. I honestly thought I would have fun doing some mindless shopping just because and instead it filled me with existential angst.

I think I will go with the option to make a donation, but not here (this is literally a golden castle and a global tax haven, this place has some serious $$$ and poor people moved to surrounding countries long ago), my home country is poor and there are many causes there I want to support. What sucks with that and why I don't do more of this to begin with is that I find it hard to find truly trustworthy organisations over there. I did a lot of volunteering in my youth and I have seen things I can't unsee.

ixtap

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Re: Mustachian People Problems (just for fun)
« Reply #8913 on: October 14, 2021, 09:56:12 AM »
I went ahead and paid the dentist my portion for new braces. Picked up mail in the way home to find the new card with a bonus offer and a slightly better rate. Since we will use the new card for spending over the next couple of months, we will get the bonus, but lost out on nearly $18 in additional cash back :(

zolotiyeruki

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Re: Mustachian People Problems (just for fun)
« Reply #8914 on: October 14, 2021, 12:34:06 PM »
Now, I know how this sounds but I am LITERALLY beginning to worry there is something wrong with me and I don't know how to live in consumerism.
FTFY. 

Investing all that extra cash?  Great!  Do you realize that what you're "splurging on" is years of freedom from having to work?  That, to me, is one of the greatest luxuries of all--complete control over your own time.

sonofsven

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Re: Mustachian People Problems (just for fun)
« Reply #8915 on: October 14, 2021, 07:11:49 PM »
burns a little longer (still not long enough lol) and I enjoy all the crackling and the smell.

As long as you're not getting out of bed three times a night to toss logs on to keep the house from freezing I figure it's burning long enough.  :P

It's like you know me.

Passadenafr: sounds like you're burning wood that's a little wet; that's not ideal but it happens.
Just make sure to get your chimney cleaned regularly, wet wood will build up creosote faster, and if you ever do have a chimney fire you'll never want to have another.
Safety Sal, out.

My problem: I do the bank account bonus thing and on the last one it took US Bank  five weeks to post my $400 bonus!
« Last Edit: October 14, 2021, 07:16:09 PM by sonofsven »

Mighty Eyebrows

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Re: Mustachian People Problems (just for fun)
« Reply #8916 on: October 14, 2021, 11:32:11 PM »
But I don't know what to buy. There is absolutely nothing we want or need that I wouldn't buy otherwise and that wouldn't fit the budget without my income just fine.

I have this same problem. My frugality is so ingrained that it is hard to think of any material thing to "treat" myself. It is physically painful to buy anything I don't need.

However, you could treat your significant other to a trip and take some time away (if you can). If children are an issue, engage relatives or friends to make enough space.

Also, you could take up a new and creative hobby. Then buying a few necessary tools doesn't feel wasteful. Plus, you get to create something cool.

Siebrie

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Re: Mustachian People Problems (just for fun)
« Reply #8917 on: October 15, 2021, 04:08:06 AM »
My MPP: 'Free Roadside Assistance Insurance with [major gas station chain] for as long as you fill up your tank 40l/month!' I don't.....

Sugaree

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Re: Mustachian People Problems (just for fun)
« Reply #8918 on: October 21, 2021, 12:38:41 PM »
My MPP today is that I think I'm about to be offered a job that I really, really don't want and I'm not sure what the best way to turn it down will be without burning bridges that could affect the job I really do want in the future.

frugalnacho

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Re: Mustachian People Problems (just for fun)
« Reply #8919 on: October 21, 2021, 01:51:04 PM »
Doing some home renovations and charged about $4k on cc for building materials.  I wanted to balance my checking account and square everything away so I paid the bill early, but the auto payment ended up going through about 2 weeks later for the full amount.  Now my checking account balance is out of whack, and I have a -$4k balance on one of my cards.  Now I have to go specifically request they pay me instead of just leaving the balance.  Or just leaving it for like 6 months until they automatically do it.

merula

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Re: Mustachian People Problems (just for fun)
« Reply #8920 on: October 21, 2021, 03:07:47 PM »
My MPP today is that I think I'm about to be offered a job that I really, really don't want and I'm not sure what the best way to turn it down will be without burning bridges that could affect the job I really do want in the future.

I actually just went through this. My approach was (1) complete honesty with those involved who I could be totally honest with and (2) telling everyone else that I'm deeply committed to A, B and C, which makes the job focused on X, Y and Z a poor fit for me.

I ended up getting the job I really wanted, at a 20% raise too. Which creates the MPP that I'm now on a faster track to FIRE but in a job I could see myself as being a SWAMI in for the first time ever.

gaja

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Re: Mustachian People Problems (just for fun)
« Reply #8921 on: October 21, 2021, 03:43:35 PM »
My job had a merger in 2020, and changed for the worse. Now they are considering splitting up again. It will be decided in February. I've decided that if it doesn't happen, I'll quit and either barista-FIRE (could survive well e.g. working as a teacher a couple of days a week, or renting out cottages at the homestead) or find a new and better job closer to where the kids will attend school.

My MPP: I really, really want the business to split up again, as it will be the best for the society as a whole (governmental institution). But if they do, I would want to stay around at get it back on track, and have fun with my colleagues. And as time goes and the homestead improves, I get less and less inclined to spend too much time away from it and the family. So sometimes I catch myself in hoping for the merger to stick, so I can have an excuse to quit.

Steeze

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Re: Mustachian People Problems (just for fun)
« Reply #8922 on: October 21, 2021, 07:19:14 PM »
DW put her notice in at work... our household income is dropping by 40%,  healthcare costs will quadruple and now we can only invest $5k a month. Sad.

Adventine

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Re: Mustachian People Problems (just for fun)
« Reply #8923 on: October 22, 2021, 07:03:18 AM »
DW put her notice in at work... our household income is dropping by 40%,  healthcare costs will quadruple and now we can only invest $5k a month. Sad.
Oh, the tragedy! :P

ixtap

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Re: Mustachian People Problems (just for fun)
« Reply #8924 on: October 22, 2021, 01:08:31 PM »
Last year's open enrollment documents didn't mention the traditional "use the campus health center for an additional HSA bonus contribution," so we did higher than usual payroll deductions to the HSA. And did not readjust when we realized we were indeed getting those contributions. All the incentive bonuses seem to be coming by paycheck, but I am a little worried we may miss out on the last bit of seed money in December. And we just won't know until that paycheck comes two months from now because DH is not going to waste a single moment contacting anyone (his employment and his HSA, I just make recommendations), so why do I care so much?! I have made more than that in CC card bonuses this year.

Which brings me to another MPP: we have gotten informed delivery since we had our mail held for a month over the summer. Everything comes like clockwork on the day it is scanned. Except a CC bonus check. Three days after being scanned, it still hadn't arrived, so I did something I hate doing: I picked up the phone and called customer service. The rewards are to be redeposited in my account and the check canceled. Guess what finally showed up on the fourth day, clearly mangled and with codes handwritten all over it? Now I have to figure this all out all over again. Heaven forbid I use that card which only earns 1.5% just to be able to use the rewards as statement credit!

secondcor521

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Re: Mustachian People Problems (just for fun)
« Reply #8925 on: October 22, 2021, 04:04:03 PM »
Which brings me to another MPP: we have gotten informed delivery since we had our mail held for a month over the summer. Everything comes like clockwork on the day it is scanned. Except a CC bonus check. Three days after being scanned, it still hadn't arrived, so I did something I hate doing: I picked up the phone and called customer service. The rewards are to be redeposited in my account and the check canceled. Guess what finally showed up on the fourth day, clearly mangled and with codes handwritten all over it? Now I have to figure this all out all over again. Heaven forbid I use that card which only earns 1.5% just to be able to use the rewards as statement credit!

Bit of a hassle, and you may not want to do it with your mail troubles, but the CC company will send you the statement credit as a check for free.  I've even had a CC deposit the credit balance into my bank account once or twice, which is even slicker.

Taran Wanderer

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Re: Mustachian People Problems (just for fun)
« Reply #8926 on: October 22, 2021, 04:23:58 PM »
I looked back at our non-tax spending over the last several years. Itís been pretty consistent since we moved into the bigger house, but our income has doubled. Taxes are up, too, but the amount of surplus each month is a little astonishing even after maxing out employer and IRA retirement options. Itís tempting to spend on something, but we canít think of anything that would make our lives better. Alas, we will just keep investing the surplus.

ixtap

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Re: Mustachian People Problems (just for fun)
« Reply #8927 on: October 22, 2021, 04:29:37 PM »
Which brings me to another MPP: we have gotten informed delivery since we had our mail held for a month over the summer. Everything comes like clockwork on the day it is scanned. Except a CC bonus check. Three days after being scanned, it still hadn't arrived, so I did something I hate doing: I picked up the phone and called customer service. The rewards are to be redeposited in my account and the check canceled. Guess what finally showed up on the fourth day, clearly mangled and with codes handwritten all over it? Now I have to figure this all out all over again. Heaven forbid I use that card which only earns 1.5% just to be able to use the rewards as statement credit!

Bit of a hassle, and you may not want to do it with your mail troubles, but the CC company will send you the statement credit as a check for free.  I've even had a CC deposit the credit balance into my bank account once or twice, which is even slicker.

That is what this check was supposed to be. They don't have a dd option, I would have started there!

DadJokes

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Re: Mustachian People Problems (just for fun)
« Reply #8928 on: October 23, 2021, 08:15:12 AM »
Because of the improved child tax credit, we are doing less pre-tax investing and more Roth investing.  As a result, our AGI is now going to be too high to get the retirement savings tax credit.

TrMama

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Re: Mustachian People Problems (just for fun)
« Reply #8929 on: October 26, 2021, 02:05:20 PM »
My latest problem is that apparently I only know how to shovel money into my accounts. I seem to suck at the mechanics of spending large amounts.

We had a heat pump installed in August that cost $20K. NBD I thought, we have plenty of cash in a savings account. I can either increase the credit limit on my cc (which is currently only $10K) or do an etransfer. Except that when I tried to increase my credit limit, the bank never picked up the phone and just left me as caller #3 on hold. No matter what time of day I called, or how long I waited, I was still always caller #3. Their online mechanism to request an increase had a similar outcome. It's been 2 months and I still haven't heard back about my online request.

That's fine I thought, I'll just send an etransfer for the entire amount. I know I've done those before for larger payments. Except apparently both banks we deal with now have a limit of only $3K/transfer/24h. That's a lot of transfers for a $20K invoice, and each one costs $1.

In the end I think I did something like 4 etransfers (from 2 different accounts) and then paid the balance on the cc.

The whole episode was kind of embarrassing and a massive PITA.

secondcor521

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Re: Mustachian People Problems (just for fun)
« Reply #8930 on: October 26, 2021, 04:50:19 PM »
That's fine I thought, I'll just send an etransfer for the entire amount. I know I've done those before for larger payments. Except apparently both banks we deal with now have a limit of only $3K/transfer/24h. That's a lot of transfers for a $20K invoice, and each one costs $1.

Sometimes banks will increase the transfer limit either temporarily or permanently if you call and ask.  Assuming you can get a hold of anyone.

Taran Wanderer

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Re: Mustachian People Problems (just for fun)
« Reply #8931 on: October 26, 2021, 05:46:08 PM »
You have to pay money to transfer money? Time to get a new bank. Iíve transferred $25,000 or $50,000 at a time and had zero issues or costs.

NorCal

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Re: Mustachian People Problems (just for fun)
« Reply #8932 on: October 26, 2021, 09:29:43 PM »
My latest problem is that apparently I only know how to shovel money into my accounts. I seem to suck at the mechanics of spending large amounts.

We had a heat pump installed in August that cost $20K. NBD I thought, we have plenty of cash in a savings account. I can either increase the credit limit on my cc (which is currently only $10K) or do an etransfer. Except that when I tried to increase my credit limit, the bank never picked up the phone and just left me as caller #3 on hold. No matter what time of day I called, or how long I waited, I was still always caller #3. Their online mechanism to request an increase had a similar outcome. It's been 2 months and I still haven't heard back about my online request.

That's fine I thought, I'll just send an etransfer for the entire amount. I know I've done those before for larger payments. Except apparently both banks we deal with now have a limit of only $3K/transfer/24h. That's a lot of transfers for a $20K invoice, and each one costs $1.

In the end I think I did something like 4 etransfers (from 2 different accounts) and then paid the balance on the cc.

The whole episode was kind of embarrassing and a massive PITA.

One thing to look into is whether the limits vary depending on which institution initiates the transfer.  ďPushĒ transfers often have different limits than ďPullĒ transfers.

For example, when I initiate a transfer from USAA to Schwab, thereís a $5k or $10k limit. However, if I initiate that same transfer from Schwab, there is no limit.  Try setting up your accounts from the other institution before you change firms.

ixtap

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Re: Mustachian People Problems (just for fun)
« Reply #8933 on: October 26, 2021, 09:47:56 PM »
Maybe this is more of a success than a problem...we are going to spend the very extended holidays with family. With the shipping delays of late and the thought "why would I buy that to just let it sit in the house while we are traveling??" We are evidently preceding our travels with a buy nothing and eat down your pantry month.

clarkfan1979

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Re: Mustachian People Problems (just for fun)
« Reply #8934 on: October 27, 2021, 09:20:44 AM »
Maybe this is more of a success than a problem...we are going to spend the very extended holidays with family. With the shipping delays of late and the thought "why would I buy that to just let it sit in the house while we are traveling??" We are evidently preceding our travels with a buy nothing and eat down your pantry month.

My wife and I shared a car when we lived in Hawaii. When we moved from Hawaii to Colorado in August 2019, we decided to get a 2nd car. My mom let me borrow her 3rd car while I looked for a 2nd car to purchase. My mom's 3rd car wasn't in great shape, but I didn't care. It bought me some time to find something that I really liked. I got my own car in January 2020. It was a 2007 Pontiac Vibe with 153,000 miles for $2750.

In October/November my uncle heard that I was driving my mom's 3rd car. He immediately assumed that I was broke and without options, so he kindly offered me the opportunity to buy one of his old car's for $5,000. I replied with, "no thanks". He was then really confused on why I wouldn't accept his kind gesture. 

TrMama

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Re: Mustachian People Problems (just for fun)
« Reply #8935 on: October 27, 2021, 09:29:09 AM »
My latest problem is that apparently I only know how to shovel money into my accounts. I seem to suck at the mechanics of spending large amounts.

We had a heat pump installed in August that cost $20K. NBD I thought, we have plenty of cash in a savings account. I can either increase the credit limit on my cc (which is currently only $10K) or do an etransfer. Except that when I tried to increase my credit limit, the bank never picked up the phone and just left me as caller #3 on hold. No matter what time of day I called, or how long I waited, I was still always caller #3. Their online mechanism to request an increase had a similar outcome. It's been 2 months and I still haven't heard back about my online request.

That's fine I thought, I'll just send an etransfer for the entire amount. I know I've done those before for larger payments. Except apparently both banks we deal with now have a limit of only $3K/transfer/24h. That's a lot of transfers for a $20K invoice, and each one costs $1.

In the end I think I did something like 4 etransfers (from 2 different accounts) and then paid the balance on the cc.

The whole episode was kind of embarrassing and a massive PITA.

One thing to look into is whether the limits vary depending on which institution initiates the transfer.  ďPushĒ transfers often have different limits than ďPullĒ transfers.

For example, when I initiate a transfer from USAA to Schwab, thereís a $5k or $10k limit. However, if I initiate that same transfer from Schwab, there is no limit.  Try setting up your accounts from the other institution before you change firms.

These were Canadian etransfers. They're pushed from my bank account to an email address. You include a security question and the recipient has to answer it correctly to access the money. Clearly enough people have been swindled this way that the banks decided to limit the damage.

What I should have done was call the HVAC company to get their bank account# so I could do a proper bank transfer as you described above.

NorthernIkigai

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Re: Mustachian People Problems (just for fun)
« Reply #8936 on: October 27, 2021, 09:51:33 AM »
My MPP is that Iíve never before heard of someone having a 3rd car. Well, yes, soccer stars collecting 19 sports cars and whatever, but not someoneís mom having one to lend.

ditheca

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Re: Mustachian People Problems (just for fun)
« Reply #8937 on: October 27, 2021, 10:05:23 AM »
My MPP is that Iíve never before heard of someone having a 3rd car. Well, yes, soccer stars collecting 19 sports cars and whatever, but not someoneís mom having one to lend.

My boss has three cars in case one of his children (who live in other States) need to borrow one...

My parents are disappointed that my new house doesn't have any guest rooms. If every relative on both sides of the family visit at the same time, the empty bedrooms at my parents' and grandparents' houses might be inadequate.

zolotiyeruki

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Re: Mustachian People Problems (just for fun)
« Reply #8938 on: October 27, 2021, 12:53:46 PM »
My MPP is that Iíve never before heard of someone having a 3rd car. Well, yes, soccer stars collecting 19 sports cars and whatever, but not someoneís mom having one to lend.
Around me, in many families, one parent drives to work, the kids drive a second car to school or activities, and the other parent either drives to work or is running errands.  Heck, even our family is finally succumbing to the convenience of having three cars.  Now, before you strip me of my Mustache Card, you have to realize that both of our current vehicles have over 200,000 miles, and the car we are likely to acquire also has over 200,000 miles and we are getting it for very little money, and will likely only see 2000-3000 miles per year.

Now, if it's just one person owning three cars, then yeah, that seems facepunch-worthy.

honeybbq

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Re: Mustachian People Problems (just for fun)
« Reply #8939 on: October 27, 2021, 12:58:01 PM »
My MPP is that Iíve never before heard of someone having a 3rd car. Well, yes, soccer stars collecting 19 sports cars and whatever, but not someoneís mom having one to lend.

My father had 7 cars when he passed away in the 80's. He was a "car guy" and he liked fixing them up and they were his hobby. 2 of the cars could be attributed to family members. One to pull the trailer. The rest... for fun!

Sugaree

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Re: Mustachian People Problems (just for fun)
« Reply #8940 on: October 27, 2021, 01:01:03 PM »
My MPP today is that I think I'm about to be offered a job that I really, really don't want and I'm not sure what the best way to turn it down will be without burning bridges that could affect the job I really do want in the future.

I actually just went through this. My approach was (1) complete honesty with those involved who I could be totally honest with and (2) telling everyone else that I'm deeply committed to A, B and C, which makes the job focused on X, Y and Z a poor fit for me.

I ended up getting the job I really wanted, at a 20% raise too. Which creates the MPP that I'm now on a faster track to FIRE but in a job I could see myself as being a SWAMI in for the first time ever.

Turning it down ended up being just a couple of clicks.  If anyone contacts me about it then I'll explain that I'm happy where I'm at.  I probably shouldn't mention than I'd rather gouge my own eyeballs out with a rusty spoon than do what this job entailed. 

oneday

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Re: Mustachian People Problems (just for fun)
« Reply #8941 on: October 27, 2021, 04:07:59 PM »
My MPP is that Iíve never before heard of someone having a 3rd car. Well, yes, soccer stars collecting 19 sports cars and whatever, but not someoneís mom having one to lend.

My father had 7 cars when he passed away in the 80's. He was a "car guy" and he liked fixing them up and they were his hobby. 2 of the cars could be attributed to family members. One to pull the trailer. The rest... for fun!

My dad was also a car guy. He justified his process of buying any car he could score for a deal and fixing it up by loaning them to teenagers (we had a glut of them when I was in high school) in the extended family or anyone who had a car in the shop. These were not typical "fun" or "glamorous" cars. I remember a Gremlin and a Caprice. But it was fun for him!

Mighty Eyebrows

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Re: Mustachian People Problems (just for fun)
« Reply #8942 on: October 28, 2021, 12:22:01 AM »
These were Canadian etransfers. They're pushed from my bank account to an email address. You include a security question and the recipient has to answer it correctly to access the money. Clearly enough people have been swindled this way that the banks decided to limit the damage.

What I should have done was call the HVAC company to get their bank account# so I could do a proper bank transfer as you described above.

If it is any consolation, even business accounts have dollar limits for online transfers. Our corporate account at RBC had to request a code-generating Fob so as to transfer more than 10k at a time.

For larger amounts I am close enough to a branch to walk in with ID + account numbers and initiate a transfer. I haven't tried this between different banks, though.

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #8943 on: October 28, 2021, 04:38:19 AM »
That's fine I thought, I'll just send an etransfer for the entire amount. I know I've done those before for larger payments. Except apparently both banks we deal with now have a limit of only $3K/transfer/24h. That's a lot of transfers for a $20K invoice, and each one costs $1.

Sometimes banks will increase the transfer limit either temporarily or permanently if you call and ask.  Assuming you can get a hold of anyone.
Here it takes about 10 minutes and annoying 3 SMS to get the limit to wherever you want it.

jinga nation

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Re: Mustachian People Problems (just for fun)
« Reply #8944 on: November 02, 2021, 12:42:06 PM »
My MPP: when I get a bill from the condo property manager, the value for the repair doesn't bother me. It irritates the heck out of my noggin that the work write-up is incomplete, doesn't state clearly the problem-cause-resolution. So I have to make a couple of calls to get the full picture. I hate wasting time chasing for info. (I'm a non-resident owner, aka landlord.)

ixtap

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Re: Mustachian People Problems (just for fun)
« Reply #8945 on: November 10, 2021, 01:18:04 PM »
DH wants to transfer shares to me and have me take advantage of a brokerage bonus. We got put on hold a LOT before we finally figured out how to transfer shares from his account to mine at the same institution, so that I can then transfer from my name to my name between institutions because the receiving institution says it just isn't possible to get shares from his main brokerage to my account at their firm. Over on bogleheads, people talk about gifting appreciated shares to adult children in lower tax brackets as being easy :(

Yes, that's it. It has taken us at least two hours of work, when you include time spent on hold, to get a brokerage bonus. Imma go hula hoop off the stress.

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #8946 on: November 10, 2021, 04:43:43 PM »
DH wants to transfer shares to me and have me take advantage of a brokerage bonus. We got put on hold a LOT before we finally figured out how to transfer shares from his account to mine at the same institution, so that I can then transfer from my name to my name between institutions because the receiving institution says it just isn't possible to get shares from his main brokerage to my account at their firm. Over on bogleheads, people talk about gifting appreciated shares to adult children in lower tax brackets as being easy :(

Yes, that's it. It has taken us at least two hours of work, when you include time spent on hold, to get a brokerage bonus. Imma go hula hoop off the stress.

Yeah, I think it really depends on the specific brokerage.  When I wanted to transfer shares to my wife I had to either get some forms notarized first, or the easy way which was to open a joint account, and transfer my shares to the joint account and then out to her account.  That way all transfers have at least one matching name on the account.  Even this approach wouldn't work with strict brokerages as transfers out of a joint account into an individual account technically mean removing one spouse from ownership.  Some brokerages will require exact name matches on both accounts or additional documentation.

Plina

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Re: Mustachian People Problems (just for fun)
« Reply #8947 on: November 15, 2021, 10:08:00 AM »
My parents had come up with the idea that they want to transfer their house to me and my siblings. I told them it would be a major pain in the ass for us to own a third of the house and thought they could keep the house in their name. Even if they pay everything I donít want to deal with a co-ownership earlier then necessary so I think I managed to talk them out of it.

Catbert

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Re: Mustachian People Problems (just for fun)
« Reply #8948 on: November 15, 2021, 12:38:26 PM »
My parents had come up with the idea that they want to transfer their house to me and my siblings. I told them it would be a major pain in the ass for us to own a third of the house and thought they could keep the house in their name. Even if they pay everything I donít want to deal with a co-ownership earlier then necessary so I think I managed to talk them out of it.

Assuming you're in the US this is also a bad idea from a tax perspective.  If they give it to you you get their presumably low cost basis so more capital gains tax will be owed when you eventually sell it.  If you inherit property the cost basis resets to its worth at the date of death.  And by "you" I mean either you individually or you the siblings. 

Some state have a transfer on death option for real estate.  That might work if you're in the right state.

NorCal

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Re: Mustachian People Problems (just for fun)
« Reply #8949 on: November 15, 2021, 06:14:54 PM »
My parents had come up with the idea that they want to transfer their house to me and my siblings. I told them it would be a major pain in the ass for us to own a third of the house and thought they could keep the house in their name. Even if they pay everything I donít want to deal with a co-ownership earlier then necessary so I think I managed to talk them out of it.

This is a bad idea for many different reasons.  My grandparents did this to my parents with the best of intentions.

To keep a long story short, today three siblings each own a third of each others houses (two of which include of cattle ranches).  We went from a very close and loving extended family to a family that sues each other and vows to never talk to each other again.  Yet they all still co-own the property that everyone lives in.  It will now be up to my generation to untangle this because my parents generation will never sit down and talk about it.

There's no quicker way to destroy a family than to jointly own property with them.