Author Topic: Mustachian People Problems (just for fun)  (Read 3745821 times)

ixtap

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Re: Mustachian People Problems (just for fun)
« Reply #8950 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 #8951 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.

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Re: Mustachian People Problems (just for fun)
« Reply #8952 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 #8953 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 #8954 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 #8955 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 #8956 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 #8957 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 #8958 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 #8959 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 #8960 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 #8961 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 #8962 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!

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Re: Mustachian People Problems (just for fun)
« Reply #8963 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 #8964 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 #8965 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 #8966 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 #8967 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 #8968 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 #8969 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 #8970 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 #8971 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 #8972 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.

frugalnacho

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Re: Mustachian People Problems (just for fun)
« Reply #8973 on: November 16, 2021, 09:08:39 AM »
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.

I contacted BoA via online chat and they refused to refund the overpayment to my checking.  They said I have to call in and it can't be done online.  The account is in my wife's name so I can't call and impersonate her over the phone, so she'll have to do it.  So I guess we are just waiting the 6 months for them to automatically do it because that will probably happen before I can get her to call in.

MagneticNorth

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Re: Mustachian People Problems (just for fun)
« Reply #8974 on: November 16, 2021, 09:35:52 AM »
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.

I contacted BoA via online chat and they refused to refund the overpayment to my checking.  They said I have to call in and it can't be done online.  The account is in my wife's name so I can't call and impersonate her over the phone, so she'll have to do it.  So I guess we are just waiting the 6 months for them to automatically do it because that will probably happen before I can get her to call in.

>> The account is in my wife's name so I can't call and impersonate her over the phone, so she'll have to do it. 

You'd be surprised! I took over payments on an account for my opposite-gendered parent, and when I was told they had to call themselves, I just called back and confidently claimed to be them. They did ask about my pronouns, but weren't willing to tell me I had an exceptionally feminine voice for a person named Paul.

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Re: Mustachian People Problems (just for fun)
« Reply #8975 on: November 16, 2021, 09:44:39 AM »
I just make the call and at the appropriate point, hand the phone to my wife, who identifies herself and tells the operator to deal with me.  Works every time.

shelivesthedream

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Re: Mustachian People Problems (just for fun)
« Reply #8976 on: November 16, 2021, 09:53:14 AM »
I just make the call and at the appropriate point, hand the phone to my wife, who identifies herself and tells the operator to deal with me.  Works every time.

I do this too, and have sometimes been able to get myself down as a named "authorised person" for Mr SLTD's accounts so he doesn't even have to be there after the first time. It's REALLY handy. He's down as a named authorised person for me at the GP too, I think, so he can make appointments for me and deal with prescriptions. Rarely used, but really worth doing.

Plina

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Re: Mustachian People Problems (just for fun)
« Reply #8977 on: November 16, 2021, 11:34:54 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.

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.
I am not US based so from a tax perspective it doesnít matter more then that we have to file the taxed for our third. The house is in an area were the prices are low and my parents built the house.



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.

In this case it would be easier because there are only one house on the property. I think you are a lot more happy to sue people in US compared to Sweden. Every coowner can force a sale of a property through the court so you donít actually need to sue anybody. When the time comes I will probably give my third to my siblings because I donít want to deal with the hassle of co-ownership. And I am the lawyer in the family.

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #8978 on: November 16, 2021, 12:11:02 PM »


>> The account is in my wife's name so I can't call and impersonate her over the phone, so she'll have to do it. 

You'd be surprised! I took over payments on an account for my opposite-gendered parent, and when I was told they had to call themselves, I just called back and confidently claimed to be them. They did ask about my pronouns, but weren't willing to tell me I had an exceptionally feminine voice for a person named Paul.

I never did it but I always figured it was a viable way in an emergency.  Iím in CA so large companies are probably wary of discrimination based on gender identity.  At some point banks just have to give up subjective sound of your voice as a security measure (although fidelity uses AI voice analysis to compare you to previous calls)

That said, my wife has a gender neutral nickname so depending on how the account is set up itís super easy for me to handle stuff.

Mighty Eyebrows

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Re: Mustachian People Problems (just for fun)
« Reply #8979 on: November 16, 2021, 10:34:55 PM »
There's no quicker way to destroy a family than to jointly own property with them.

Your story is painful. I have had a taste of this, but not to the same degree. Good (financial) fences make good neighbours.

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Re: Mustachian People Problems (just for fun)
« Reply #8980 on: November 17, 2021, 04:51:58 AM »
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.

I contacted BoA via online chat and they refused to refund the overpayment to my checking.  They said I have to call in and it can't be done online.  The account is in my wife's name so I can't call and impersonate her over the phone, so she'll have to do it.  So I guess we are just waiting the 6 months for them to automatically do it because that will probably happen before I can get her to call in.

>> The account is in my wife's name so I can't call and impersonate her over the phone, so she'll have to do it. 

You'd be surprised! I took over payments on an account for my opposite-gendered parent, and when I was told they had to call themselves, I just called back and confidently claimed to be them. They did ask about my pronouns, but weren't willing to tell me I had an exceptionally feminine voice for a person named Paul.

I deal with this frequently for a different reason: bank bonus churning. I'll sign up for bank accounts to earn the bonuses under both my and my wife's names (she's aware of this). After a specific period of time, I close the accounts so that I can earn the bonus again in the future. Some banks make it easy to close the account online, but some make you call them to close the account. I'll make my voice as feminine as possible when I'm trying to close her accounts. I've still been called "sir" occasionally, but they've never questioned whether or not I'm who I claim to be.

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #8981 on: November 21, 2021, 06:40:12 AM »
I think I am in middle of the mother of all MPPs: It's Black Friday &Co and I could safe so much money if I could just find something I wanted to buy, but there is nothing. What a bummer.

Well, my mouse just broke (why does this always happen on Friday evening??), but those things are so cheap (at least the ones I use) that it doesn't make a difference even if they were on sale. The big 10 button gaming mice (or mouses in that case?) would be different, but I don't need those to browse the internet. sigh

TomTX

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Re: Mustachian People Problems (just for fun)
« Reply #8982 on: November 21, 2021, 07:32:20 AM »
Well, buy yourself some I-bonds. They're "on sale" - current yield is 7.12%

magus

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Re: Mustachian People Problems (just for fun)
« Reply #8983 on: November 21, 2021, 07:49:20 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.

Old boss of mine (was CFO at the time, later became the CEO) built a custom home with a 12 car garage and still didn't have enough bays. He was probably making about a mil a year at the time on average pre tax, or $550k after tax. 3rd car for 1-2 people isn't very common but not unheard of either. Insurance and property tax on an old paid off beater is pretty cheap if you want as a backup vehicle.

Morning Glory

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Re: Mustachian People Problems (just for fun)
« Reply #8984 on: November 21, 2021, 07:52:49 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.

Old boss of mine (was CFO at the time, later became the CEO) built a custom home with a 12 car garage and still didn't have enough bays. He was probably making about a mil a year at the time on average pre tax, or $550k after tax. 3rd car for 1-2 people isn't very common but not unheard of either. Insurance and property tax on an old paid off beater is pretty cheap if you want as a backup vehicle.

When I had a rural property we had an old pickup that was just used for chores, plus two other vehicles. They were all old and had liability only insurance,  and husband did the maintenance himself,  so not too expensive.  The maintenance got to be time consuming though.

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #8985 on: November 21, 2021, 09:26:46 AM »
Well, buy yourself some I-bonds. They're "on sale" - current yield is 7.12%
I am a German, and we are ranting here about 4% - or just about the wanted number of 2%/year on a 2 year average. (Not to mention that it was way under 2% for the last decade.)

And speaking about investment money, I would go for battery and Lithium. It's already late to the game (most of the stocks have already tripled this year) but not too late I think. As long as nobody figures out how to make a battery without lithium, sales will only increase.

TomTX

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Re: Mustachian People Problems (just for fun)
« Reply #8986 on: November 23, 2021, 08:31:33 AM »
Well, buy yourself some I-bonds. They're "on sale" - current yield is 7.12%
I am a German, and we are ranting here about 4% - or just about the wanted number of 2%/year on a 2 year average. (Not to mention that it was way under 2% for the last decade.)

And speaking about investment money, I would go for battery and Lithium. It's already late to the game (most of the stocks have already tripled this year) but not too late I think. As long as nobody figures out how to make a battery without lithium, sales will only increase.

https://electrek.co/2021/07/29/catl-introduces-first-gen-sodium-ion-battery-and-ab-lithium-sodium-pack/

CATL has really been pushing lower-cost cell chemistries for years. They've been greatly increasing energy density of LFP (Lithium Iron Phosphate) cells, which eliminate most of the expensive metals in the higher density "high nickel" lithium chemistries. Lithium cost wasn't much compared to (say) Cobalt - but it's very high compared to iron. This makes lithium more of a target for elimination.

They're far enough along that all the shorter range Tesla packs are LFP in the newer factories, and Fremont will be rolling them out as well.

Lyngi

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Re: Mustachian People Problems (just for fun)
« Reply #8987 on: November 26, 2021, 09:33:21 PM »
I got a letter from my employer stating I had
 a $1300 check from June 2020 that hadn't been cashed.  I have direct deposit and live checks are rare.  Now I have to go find a notary and send back the form to get money I hadn't missed

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #8988 on: November 27, 2021, 12:53:22 AM »
I got a letter from my employer stating I had
 a $1300 check from June 2020 that hadn't been cashed.  I have direct deposit and live checks are rare.  Now I have to go find a notary and send back the form to get money I hadn't missed

Thatís annoying.  They know you didnít cash the check.  Why do you need a notary?  To promise you wonít cash the check just in case you find it later?

Adventine

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Re: Mustachian People Problems (just for fun)
« Reply #8989 on: November 27, 2021, 09:47:58 AM »
I got a letter from my employer stating I had
 a $1300 check from June 2020 that hadn't been cashed.  I have direct deposit and live checks are rare.  Now I have to go find a notary and send back the form to get money I hadn't missed

Thatís annoying.  They know you didnít cash the check.  Why do you need a notary?  To promise you wonít cash the check just in case you find it later?


I know that checks are usually good for 6 months and after that, banks can refuse to honor them. But I don't get either why a notary is required in this situation.

Dicey

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Re: Mustachian People Problems (just for fun)
« Reply #8990 on: November 27, 2021, 10:09:38 AM »
I got a letter from my employer stating I had
 a $1300 check from June 2020 that hadn't been cashed.  I have direct deposit and live checks are rare.  Now I have to go find a notary and send back the form to get money I hadn't missed
Seriously, I would push back. Why did you send a check when I have Direct Deposit? Where did you send it? What was it for? And finally, "You want me to do what?". Asking you to notarize a document to correct their error is nuts.