Author Topic: Overheard at Work 2  (Read 341194 times)

pab88

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Re: Overheard at Work 2
« Reply #1150 on: July 27, 2019, 06:47:39 PM »
Context: I work in a medium-pay frontline service job in a HCOL city.

I have a colleague in his mid-30s who frequently complains of the cost of living in Sydney and how impossible it is to buy a house. Recently he was buoyed by the news of a government scheme to allow first home buyers to get a mortgage with a 5% deposit, instead of the usual 10-20% required in the wake of changes in lending standards a couple of years ago. The scheme comes into effect at the beginning of next year.

Anyway he had a minor car accident in his 10 year old car (they are a one car family) and had a new courtesy vehicle to drive around in. So now he's talking about how nice the new car is and how much time he'd save if they had two cars (wouldn't have to drop the partner at work or something like that) whether he should maybe upgrade to something similar, i.e., a 20K+ new car purchase. I gently tried to suggest that if they felt they needed a second car a 'cheapie' might be a good idea.

Gail2000

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Re: Overheard at Work 2
« Reply #1151 on: July 29, 2019, 01:21:16 AM »
My 5 year old already complains she hates chores. Yup even taking things out of her bag. Hoping to show her the value of work so she can be a lady of leisure with her own means but it’s a rocky start.

A Fella from Stella

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Re: Overheard at Work 2
« Reply #1152 on: July 29, 2019, 07:03:51 AM »
Context: I work in a medium-pay frontline service job in a HCOL city.

I have a colleague in his mid-30s who frequently complains of the cost of living in Sydney and how impossible it is to buy a house. Recently he was buoyed by the news of a government scheme to allow first home buyers to get a mortgage with a 5% deposit, instead of the usual 10-20% required in the wake of changes in lending standards a couple of years ago. The scheme comes into effect at the beginning of next year.

Anyway he had a minor car accident in his 10 year old car (they are a one car family) and had a new courtesy vehicle to drive around in. So now he's talking about how nice the new car is and how much time he'd save if they had two cars (wouldn't have to drop the partner at work or something like that) whether he should maybe upgrade to something similar, i.e., a 20K+ new car purchase. I gently tried to suggest that if they felt they needed a second car a 'cheapie' might be a good idea.

That's the trap. Add in how much easier it is to get $100k in credit on an array of cards compared to a mortgage, and people wind up going the wrong way really fast.

zolotiyeruki

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Re: Overheard at Work 2
« Reply #1153 on: July 29, 2019, 08:24:56 AM »
My 5 year old already complains she hates chores. Yup even taking things out of her bag. Hoping to show her the value of work so she can be a lady of leisure with her own means but it’s a rocky start.
*sigh* Our almost-5-year-old is similar.  It's also harder with her because she's the youngest, and DW and I have recognized that because there isn't a more-needy younger sibling, we haven't placed the same expectations on her as we have on her older siblings.  We're working to correct that.

A Fella from Stella

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Re: Overheard at Work 2
« Reply #1154 on: July 29, 2019, 09:03:16 AM »
My 5 year old already complains she hates chores. Yup even taking things out of her bag. Hoping to show her the value of work so she can be a lady of leisure with her own means but it’s a rocky start.
*sigh* Our almost-5-year-old is similar.  It's also harder with her because she's the youngest, and DW and I have recognized that because there isn't a more-needy younger sibling, we haven't placed the same expectations on her as we have on her older siblings.  We're working to correct that.

My 8 year old gripes about having to do a math page each day. She's the youngest, too.

I find with my youngest I have to dig down deep to have some semblance of the energetic parent I once was.

ysette9

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Re: Overheard at Work 2
« Reply #1155 on: July 29, 2019, 12:10:24 PM »
My oldest is 5 and she has taken to griping about how hard life is and how she always has to do everything. Le Sigh...

I reminder that no, actually she doesn’t do everything, just wait until she becomes a mother.

ScreamingHeadGuy

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Re: Overheard at Work 2
« Reply #1156 on: July 29, 2019, 03:01:20 PM »
Wife and I are having many conversations with the girl, also 5, now that she understands the whole “Israelites were slaves in Egypt and had to make bricks” part of Exodus.  I think we are getting through the difference between household chores and slavery.  🙂

Christof

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Re: Overheard at Work 2
« Reply #1157 on: July 29, 2019, 03:20:49 PM »
Our six-year-old is still trying the old “all of my friends are allowed to” or “none of my friends has to” game. He doesn’t yet realize how much parents talk about their kids on private channels such as WhatsApp.

Just Joe

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Re: Overheard at Work 2
« Reply #1158 on: July 29, 2019, 06:53:39 PM »
Absolutely! We tell our kids it is our job to raise responsible adults. And they can't learn everything they need to know 2 weeks before moving out so they better start now. For some reason the 9 year old is convinced that having to help make HIS OWN SANDWICH is a terrible punishment and no kid anywhere else ever has to do this.

I overhear a lot of conversation regarding kids at work and try to add those useful ideas into our home.

...Or unloading the dishwasher!!! Heavens!

I made my kid start taking his laundry to the laundromat when he was 12. I did the laundry at the laundromat and gave it to him to put away and it just ended up on the floor for me to wash the following week. Fast forward 25 years - he now does the laundry for himself, his wife, his daughter, his MIL and GrandMIL because he thinks he does it best.

Then there is hope after all!!!! ;)

Hate to say it but sometimes these kid gripes last into their teen years... No relief.
« Last Edit: July 29, 2019, 06:55:53 PM by Just Joe »

Gail2000

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Re: Overheard at Work 2
« Reply #1159 on: July 29, 2019, 07:43:29 PM »
My 5 year old already complains she hates chores. Yup even taking things out of her bag. Hoping to show her the value of work so she can be a lady of leisure with her own means but it’s a rocky start.
*sigh* Our almost-5-year-old is similar.  It's also harder with her because she's the youngest, and DW and I have recognized that because there isn't a more-needy younger sibling, we haven't placed the same expectations on her as we have on her older siblings.  We're working to correct that.

My 8 year old gripes about having to do a math page each day. She's the youngest, too.

I find with my youngest I have to dig down deep to have some semblance of the energetic parent I once was.

Crud. Mine is an only child! She’s six in September so some things need to start. But not without a debate it seems. She has a point of view and an independent mind that I cherish (I promise).

happypigday

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Re: Overheard at Work 2
« Reply #1160 on: July 29, 2019, 10:17:23 PM »
Quote
I've seen this as well and cannot figure out the end-game for the parents.  What do they expect to happen once they are no longer around?

I think after all that lift early on in their lives (free education, free early childcare, significant help with housing), the kids are usually pretty well set and they just breeze along.  If they went into low-paying fields, they just keep asking when they need something they can't afford and if they went into high-paying fields, they just build.  Somewhere in their 30s or 40s, their highly-educated grandparents who had kids later in life (for that generation) pass away and leave all of the grandchildren (and their own children) money.  The parents usually have enough -- even after all that -- to meet their own needs and eventually everything gets passed down.

Nice work if you can get it!  I don't begrudge my middle class values but it's hard to be working twice as hard in order to have half as much compared to the people I personally know. Of course, I could get different friends but these are usually nice people who just happen to have been born with upper middle class + grandparents and parents.

happypigday

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Re: Overheard at Work 2
« Reply #1161 on: July 29, 2019, 10:35:11 PM »
The coworker I was talking to was also trying to lose weight, and she mentioned once she hit her target she was going to get her eyebrows microbladed. Have you guys heard of this? I had to Google it after she left, but prices range from $200 to $1000 for the initial treatment, and up to $100/mo for touch ups. Just looked at a local shop - $400 for the initial treatment, $50 touch up 6-8 weeks out. AND they offer 0% financing for six months! What a deal!

Uh ... I think that belongs in the "get a side gig" thread!  That's pretty good money!

happypigday

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Re: Overheard at Work 2
« Reply #1162 on: July 29, 2019, 10:47:19 PM »
I had the opposite experience this week with an admittedly spendy colleague who always complains about how he will never be able to buy a house.

Migrant family, parents on the pension, and I figured money had always been tight.

Nope, his parents won more than $1 million in a lottery about 15 years ago, and spent and gambled the lot.

This explains the note of resentment he has when he talks about his parents and money. I would be seething.

Apparently, it's very common for lottery millionaires to lost almost all of that money fairly quickly.  They get targeted by scammers, give in to wants vs. needs, everyone they know asks them for money.  In some communities, you share something good when you get it.  Everyone is going to need to rely on someone else at some point so there isn't the same sense of "This is mine and that is yours and if you run into trouble that is your problem" that middle class families have.  If you happen to get a windfall, you celebrate and invite everyone to celebrate with you, because saving enough to make a difference does not seem possible and you might as well enjoy something when you can because hardship will come soon enough. 

In my DW family, if she happened to come into any money at all (allowance, babysitting), her parents would ask to borrow it and never pay it back.  You'd better believe she learned to spend that money on something she could consume / enjoy immediately real quick. 

When you're talking about big money, like winning the lottery, it's pretty obvious that this is a bad strategy.  But let's take something smaller, like a lottery ticket, which is statistically a really bad idea but which gives a lot of people a feeling of hope.  If someone refuses to buy one lottery ticket a week, he will have saved $52 at the end of the year.  It's good not to waste $50 but it's also not a transformative amount of money to save.  I can understand why someone without great options might choose to buy hope with that $50 even if I would personally never spend it.

TheGrimSqueaker

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Re: Overheard at Work 2
« Reply #1163 on: July 30, 2019, 12:01:59 AM »
Our six-year-old is still trying the old “all of my friends are allowed to” or “none of my friends has to” game. He doesn’t yet realize how much parents talk about their kids on private channels such as WhatsApp.

My teen did it too, until about age 17 when I perfected the fine art of saying: "Have their parents call me and explain how they do it and can afford it." I received zero explanatory calls, E-mails, or letters so I decided the "everyone" argument was bullshit.

gaja

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Re: Overheard at Work 2
« Reply #1164 on: July 30, 2019, 03:32:23 AM »
Our six-year-old is still trying the old “all of my friends are allowed to” or “none of my friends has to” game. He doesn’t yet realize how much parents talk about their kids on private channels such as WhatsApp.

My teen did it too, until about age 17 when I perfected the fine art of saying: "Have their parents call me and explain how they do it and can afford it." I received zero explanatory calls, E-mails, or letters so I decided the "everyone" argument was bullshit.

Ny kids gave up on that tactic a long time ago because they know it will trigger either
A) an hour long (or more) dialogue on cultural differences, rules and regulations, child development theories, ethics and moral (diverting into philosophy and theory of ethics), etc
Or if we don’t have time:
B) “that sounds unfair. Would you rather live with some of those folks?”

If it is a money issue, i’m very open to all good suggestions to alter the budget, as long as the argument is presented in a calm and coherent way, is good, and they can tell me where the money should come from.

M5

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Re: Overheard at Work 2
« Reply #1165 on: July 30, 2019, 12:03:12 PM »
My supervisor was excited to tell me this morning that he's buying a brand new truck.. a 2018 Dodge Ram 3500 with an MSRP of ~$70k. He's trading in a paid off 2012 Tundra with only 60k miles on it. Pretty much the only thing he uses a truck for is a putting a bed-mounted camper in it for weekend camping trips less than 15 times a year (he also bought the camper new for like 20k last year). But hey, it's a smoking deal since he's only paying $60k for the truck and getting $22k for his trade-in!! SMH

fuzzy math

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Re: Overheard at Work 2
« Reply #1166 on: July 30, 2019, 02:03:53 PM »
Oh, my, I misspoke.

I said 35 bookshelves.

I meant to say 35 book cases, each composed of many shelves.

I both revere and pity you.

Some people are book lovers, some are bibliophiles.  Me, I'm a book slut.

you're making me envision the episodes of hoarders where homes become structurally unsafe because they have 300,000 lbs of books in them...

Threshkin

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Re: Overheard at Work 2
« Reply #1167 on: July 30, 2019, 03:55:56 PM »
The coworker I was talking to was also trying to lose weight, and she mentioned once she hit her target she was going to get her eyebrows microbladed. Have you guys heard of this? I had to Google it after she left, but prices range from $200 to $1000 for the initial treatment, and up to $100/mo for touch ups. Just looked at a local shop - $400 for the initial treatment, $50 touch up 6-8 weeks out. AND they offer 0% financing for six months! What a deal!

I read this as microbraided and was trying to imagine braided eyebrows!

Gremlin

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Re: Overheard at Work 2
« Reply #1168 on: July 30, 2019, 04:36:48 PM »
Our six-year-old is still trying the old “all of my friends are allowed to” or “none of my friends has to” game. He doesn’t yet realize how much parents talk about their kids on private channels such as WhatsApp.

My teen did it too, until about age 17 when I perfected the fine art of saying: "Have their parents call me and explain how they do it and can afford it." I received zero explanatory calls, E-mails, or letters so I decided the "everyone" argument was bullshit.

That's awesome!  I hope you don't mind if I shamelessly plagiarise this...

formerlydivorcedmom

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Re: Overheard at Work 2
« Reply #1169 on: July 31, 2019, 10:05:21 AM »
I work at a mid-size corporation.  I was in a meeting yesterday with one of the Finance managers and an IT guy.  The Finance person said "my wife showed me an article yesterday about something called FIRE."  He explained a little about what that meant, and I helped him remember the words to the acronym.

Finance guy: "Can you BELIEVE that people think they can retire on only $1 million.  I'd need at least $10 million."
Me: "You need $400k per year to live on?"
Finance guy: "Oh no, 4% is way too risky.  You should really only be withdrawing 2%.  That would only give us $200k per year."
IT guy: "Yeah, that sounds a lot more reasonable."
Me: "There are a lot of people who can live quite well on $40k per year."
Finance guy: "They probably don't have their own private planes."
IT guy: "And I bet they don't take vacations, either.  Hey, fdm, didn't you just go on vacation?"
Me: "Yes, my husband and I went to a cabin in <town 90 miles away> to hike. No internet, no cell service, a little kitchen to cook in - it was great!"
Finance guy: "I love that town.  I fly my plane there all the time."

I gave up and started the meeting. 

DaMa

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Re: Overheard at Work 2
« Reply #1170 on: July 31, 2019, 10:12:29 AM »

When you're talking about big money, like winning the lottery, it's pretty obvious that this is a bad strategy.  But let's take something smaller, like a lottery ticket, which is statistically a really bad idea but which gives a lot of people a feeling of hope.  If someone refuses to buy one lottery ticket a week, he will have saved $52 at the end of the year.  It's good not to waste $50 but it's also not a transformative amount of money to save.  I can understand why someone without great options might choose to buy hope with that $50 even if I would personally never spend it.

I buy a lottery ticket once in a while (about 4 times per year).  I like the thrill of imagining what I'd do if I win.  But only ever buy 1 ticket.  I have always believed that the value of a 1 in 300 million chance may be worth $1, but a 2 in 300 million chance is certainly not worth an extra $1.  Sadly, most lottery players that I know are spending $10-$20 per week or more.

fuzzy math

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Re: Overheard at Work 2
« Reply #1171 on: July 31, 2019, 10:15:51 AM »
I work at a mid-size corporation.  I was in a meeting yesterday with one of the Finance managers and an IT guy.  The Finance person said "my wife showed me an article yesterday about something called FIRE."  He explained a little about what that meant, and I helped him remember the words to the acronym.

Finance guy: "Can you BELIEVE that people think they can retire on only $1 million.  I'd need at least $10 million."
Me: "You need $400k per year to live on?"
Finance guy: "Oh no, 4% is way too risky.  You should really only be withdrawing 2%.  That would only give us $200k per year."
IT guy: "Yeah, that sounds a lot more reasonable."
Me: "There are a lot of people who can live quite well on $40k per year."
Finance guy: "They probably don't have their own private planes."
IT guy: "And I bet they don't take vacations, either.  Hey, fdm, didn't you just go on vacation?"
Me: "Yes, my husband and I went to a cabin in <town 90 miles away> to hike. No internet, no cell service, a little kitchen to cook in - it was great!"
Finance guy: "I love that town.  I fly my plane there all the time."

I gave up and started the meeting.

LOLOL... I'm assuming they don't know you're a FIREee?

dragoncar

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Re: Overheard at Work 2
« Reply #1172 on: July 31, 2019, 10:47:32 AM »
I work at a mid-size corporation.  I was in a meeting yesterday with one of the Finance managers and an IT guy.  The Finance person said "my wife showed me an article yesterday about something called FIRE."  He explained a little about what that meant, and I helped him remember the words to the acronym.

Finance guy: "Can you BELIEVE that people think they can retire on only $1 million.  I'd need at least $10 million."
Me: "You need $400k per year to live on?"
Finance guy: "Oh no, 4% is way too risky.  You should really only be withdrawing 2%.  That would only give us $200k per year."
IT guy: "Yeah, that sounds a lot more reasonable."
Me: "There are a lot of people who can live quite well on $40k per year."
Finance guy: "They probably don't have their own private planes."
IT guy: "And I bet they don't take vacations, either.  Hey, fdm, didn't you just go on vacation?"
Me: "Yes, my husband and I went to a cabin in <town 90 miles away> to hike. No internet, no cell service, a little kitchen to cook in - it was great!"
Finance guy: "I love that town.  I fly my plane there all the time."

I gave up and started the meeting.

LOLOL... I'm assuming they don't know you're a FIREee?

Well fdm is probably a pleb without a private plane so she can retire on a paltry 1 million

FIRE@50

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Re: Overheard at Work 2
« Reply #1173 on: July 31, 2019, 11:12:52 AM »
Do you think Finance Guy really plans on working until he has $10MM saved? Also, do you think he has any plan to actually achieve that?

zolotiyeruki

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Re: Overheard at Work 2
« Reply #1174 on: July 31, 2019, 11:22:00 AM »
I work at a mid-size corporation.  I was in a meeting yesterday with one of the Finance managers and an IT guy.  The Finance person said "my wife showed me an article yesterday about something called FIRE."  He explained a little about what that meant, and I helped him remember the words to the acronym.

Finance guy: "Can you BELIEVE that people think they can retire on only $1 million.  I'd need at least $10 million."
Me: "You need $400k per year to live on?"
Finance guy: "Oh no, 4% is way too risky.  You should really only be withdrawing 2%.  That would only give us $200k per year."
IT guy: "Yeah, that sounds a lot more reasonable."
Me: "There are a lot of people who can live quite well on $40k per year."
Finance guy: "They probably don't have their own private planes."
IT guy: "And I bet they don't take vacations, either.  Hey, fdm, didn't you just go on vacation?"
Me: "Yes, my husband and I went to a cabin in <town 90 miles away> to hike. No internet, no cell service, a little kitchen to cook in - it was great!"
Finance guy: "I love that town.  I fly my plane there all the time."

I gave up and started the meeting.
The thing is, a plane doesn't have to cost you an additional $160k/year.  A used Cessna 172 can be had for $60-90k, the annual inspection is under $1500, hangar rental is a few hundred per month, insurance is a couple thousand per year.  The cost of fuel is highly dependent on the airplane and how you fly it, but let's say your fuel is $5/gal and you're burning 10 gallons per hour (on the generous side), so Finance Guy's cost is about $100 each time he flies to <that town>.

Yeah, you're going to have trouble retiring on $40k/year with an airplane, but if you want that airplane, those costs are pretty easy to calculate, and they're nowhere near $160k/year!

Just Joe

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Re: Overheard at Work 2
« Reply #1175 on: July 31, 2019, 02:03:03 PM »
And a person could buy into an airplane cooperative where there are multiple owners sharing the cost.

formerlydivorcedmom

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Re: Overheard at Work 2
« Reply #1176 on: August 01, 2019, 08:36:31 AM »
Finance guy's plan, from what little I can gather, is to work until he can't.  He'll likely have a 6-figure pension (which was closed to new employees before I started), but it won't reach $200k. 

They hadn't figured out that I'm on the FIRE path yet, although the look on my face should have given it away.   I am hoping that part of that was just teasing...

My dad built his own little plane when I was a kid.  He had all kinds of expensive hobbies (but only one at a time), and he still retired very comfortably by 55.   I hope my colleagues figure out that is possible for them, too.

Dave1442397

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Re: Overheard at Work 2
« Reply #1177 on: August 01, 2019, 09:18:09 AM »
My friend has a little Cessna, but it doesn't seem to cost too much to run. He also still has his first car, a 1990 Honda Prelude, so he hasn't been wasting money on cars over the years.

formerlydivorcedmom

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Re: Overheard at Work 2
« Reply #1178 on: August 01, 2019, 09:21:27 AM »
He also still has his first car, a 1990 Honda Prelude, so he hasn't been wasting money on cars over the years.

Those last forever.  My husband's first car was a Prelude, and he bought another one (an '85, maybe?) last summer because he missed it.

M5

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Re: Overheard at Work 2
« Reply #1179 on: August 01, 2019, 09:37:47 AM »
My supervisor was excited to tell me this morning that he's buying a brand new truck.. a 2018 Dodge Ram 3500 with an MSRP of ~$70k. He's trading in a paid off 2012 Tundra with only 60k miles on it. Pretty much the only thing he uses a truck for is a putting a bed-mounted camper in it for weekend camping trips less than 15 times a year (he also bought the camper new for like 20k last year). But hey, it's a smoking deal since he's only paying $60k for the truck and getting $22k for his trade-in!! SMH

Same guy, new story..

This morning I overheard a conversion he was having with another coworker about trucks/vehicles. His step-son is graduating from Air Force ROTC next year and he's advising him to go take out a loan on a brand new Tacoma once he gets his commission. Quite possibly the worst financial advice I've ever heard him give.

eav

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Re: Overheard at Work 2
« Reply #1180 on: August 01, 2019, 10:53:00 AM »
My supervisor was excited to tell me this morning that he's buying a brand new truck.. a 2018 Dodge Ram 3500 with an MSRP of ~$70k. He's trading in a paid off 2012 Tundra with only 60k miles on it. Pretty much the only thing he uses a truck for is a putting a bed-mounted camper in it for weekend camping trips less than 15 times a year (he also bought the camper new for like 20k last year). But hey, it's a smoking deal since he's only paying $60k for the truck and getting $22k for his trade-in!! SMH

Same guy, new story..

This morning I overheard a conversion he was having with another coworker about trucks/vehicles. His step-son is graduating from Air Force ROTC next year and he's advising him to go take out a loan on a brand new Tacoma once he gets his commission. Quite possibly the worst financial advice I've ever heard him give.

My coworker (24 y/o dude) just went from a Mitsubishi Outlander to a new Nissan Titan. This thing is huge, and he's just using it to roll around the suburbs. He's doing some light new home remodeling so I'm pretty sure that's how he justified it. He also told me he still had some remaining balance on the Outlander to pay off. I don't know why people think this is a good idea?

FIRE@50

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Re: Overheard at Work 2
« Reply #1181 on: August 01, 2019, 11:45:21 AM »
I wish I went camping 15 times a year. I need to be more organized about that.

A Fella from Stella

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Re: Overheard at Work 2
« Reply #1182 on: August 01, 2019, 12:38:16 PM »
My supervisor was excited to tell me this morning that he's buying a brand new truck.. a 2018 Dodge Ram 3500 with an MSRP of ~$70k. He's trading in a paid off 2012 Tundra with only 60k miles on it. Pretty much the only thing he uses a truck for is a putting a bed-mounted camper in it for weekend camping trips less than 15 times a year (he also bought the camper new for like 20k last year). But hey, it's a smoking deal since he's only paying $60k for the truck and getting $22k for his trade-in!! SMH

Same guy, new story..

This morning I overheard a conversion he was having with another coworker about trucks/vehicles. His step-son is graduating from Air Force ROTC next year and he's advising him to go take out a loan on a brand new Tacoma once he gets his commission. Quite possibly the worst financial advice I've ever heard him give.

Buddy of mine who was in ROTC said that every Ensign had a BMW Z3. If you needed a ride somewhere, they needed gas money.

Dogastrophe

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Re: Overheard at Work 2
« Reply #1183 on: August 01, 2019, 01:15:45 PM »
Former co-worker.  Always complaining that he wasn't making enough $$.  Told me that he stopped contributing to his RRSP because he couldn't keep up with his expenses.

3 years ago when I started he had just traded in his new (less than 1 yr old) Challenger and got a new Jeep.  6 months later it was traded for a new Charger.  A year after than he traded for a new Civic Type R.  All were financed, all under water - he kept rolling the old into the new loan.  He has since left company so not sure what he's driving now.

Just Joe

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Re: Overheard at Work 2
« Reply #1184 on: August 01, 2019, 04:06:18 PM »
Hey! Some good news. Heard one of the youngins say that once their pickup truck was repaired they were selling it and buying a little used four cylinder gas sipper. Tired of buying lots of gasoline and the payments. Something makes me believe that they are serious and that the idea will be followed by action.

jinga nation

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Re: Overheard at Work 2
« Reply #1185 on: August 02, 2019, 07:24:22 AM »
Hey! Some good news. Heard one of the youngins say that once their pickup truck was repaired they were selling it and buying a little used four cylinder gas sipper. Tired of buying lots of gasoline and the payments. Something makes me believe that they are serious and that the idea will be followed by action.
won't happen, 99% chance. youngin will succumb to peer pressure about getting a 4-pot ricer, the reputation hit, etc.
i've seen it all during 2007-2008.

Just Joe

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Re: Overheard at Work 2
« Reply #1186 on: August 02, 2019, 01:23:19 PM »
We'll see. Person in question had a four poi gas sipper before the truck and they speak wistfully about the economy of that car. We'll see.

A Fella from Stella

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Re: Overheard at Work 2
« Reply #1187 on: August 02, 2019, 01:57:27 PM »
Young guy in my office is set to get promoted (gov't job) and said "I don't know what I'd even do with $120,000 a year."

I said, "Are you maxing out your TSP?"

He said, "Ever since I started 15 year ago" when he only making $30,000.

The kid is a fucking rock star.

six-car-habit

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Re: Overheard at Work 2
« Reply #1188 on: August 02, 2019, 04:21:51 PM »
My supervisor was excited to tell me this morning that he's buying a brand new truck.. a 2018 Dodge Ram 3500 with an MSRP of ~$70k. He's trading in a paid off 2012 Tundra with only 60k miles on it. Pretty much the only thing he uses a truck for is a putting a bed-mounted camper in it for weekend camping trips less than 15 times a year (he also bought the camper new for like 20k last year). But hey, it's a smoking deal since he's only paying $60k for the truck and getting $22k for his trade-in!! SMH

 May be off base here, but when we looked for a "truck bed slide-in camper" we couldn't find one with an actual shower / decent toilet - that a Tundra could lug around [ not enough carrying capacity] - also in 10 years his Ram3500 Diesel will still probably be worth $45K .
  Ok, I'm gonna duck out before i get hit with a rotten home grown tomato...

M5

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Re: Overheard at Work 2
« Reply #1189 on: August 04, 2019, 11:25:33 AM »
My supervisor was excited to tell me this morning that he's buying a brand new truck.. a 2018 Dodge Ram 3500 with an MSRP of ~$70k. He's trading in a paid off 2012 Tundra with only 60k miles on it. Pretty much the only thing he uses a truck for is a putting a bed-mounted camper in it for weekend camping trips less than 15 times a year (he also bought the camper new for like 20k last year). But hey, it's a smoking deal since he's only paying $60k for the truck and getting $22k for his trade-in!! SMH

 May be off base here, but when we looked for a "truck bed slide-in camper" we couldn't find one with an actual shower / decent toilet - that a Tundra could lug around [ not enough carrying capacity] - also in 10 years his Ram3500 Diesel will still probably be worth $45K .
  Ok, I'm gonna duck out before i get hit with a rotten home grown tomato...

That truck will definitely not be worth $45k in ten years. A quick NADA search shows a 2009 Ram 3500 Laramie Quad Cab w/100k miles worth $27k clean retail..

My guess is the truck is a precursor to a fancy pants fifth wheel camper. I don't see any other reason you'd have a 1 ton truck for a 15 mile commute and a slide-in bed camper that already works fine in a 1/2 ton.

six-car-habit

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Re: Overheard at Work 2
« Reply #1190 on: August 04, 2019, 09:18:49 PM »
 Edmunds says a 2009 Ram3500 Laramie had a $45,700 MSRP.     
 $27,000 is 59% of the value retained with 100k miles driven

 My example is a $70K truck retaining 64% of its value. Being that he likely used his Tundra for more than just camping trips and put approx 9K miles a year on it, then your co-worker should be putting less miles on a vehicle you say he'll use less than 15 times a year -- therefore way less than 100K miles in 10 years.

 I suppose your calculator and anecdotes can be more accurate than mine - the point is a "low" mileage dodge diesel truck holds its value - way better than a typical car or SUV.....

TVRodriguez

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Re: Overheard at Work 2
« Reply #1191 on: August 05, 2019, 09:21:31 AM »
Young guy in my office is set to get promoted (gov't job) and said "I don't know what I'd even do with $120,000 a year."

I said, "Are you maxing out your TSP?"

He said, "Ever since I started 15 year ago" when he only making $30,000.

The kid is a fucking rock star.

That's awesome.

zolotiyeruki

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Re: Overheard at Work 2
« Reply #1192 on: August 05, 2019, 11:15:35 AM »
Young guy in my office is set to get promoted (gov't job) and said "I don't know what I'd even do with $120,000 a year."

I said, "Are you maxing out your TSP?"

He said, "Ever since I started 15 year ago" when he only making $30,000.

The kid is a fucking rock star.
That's an awesome story, but in the wrong thread! :)  The thread you want is the Overheard at Work: Anti-antimustachian edition.

J.R. Ewing

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Re: Overheard at Work 2
« Reply #1193 on: August 08, 2019, 10:13:44 AM »
I'm and engineer and work with other engineers who tend to be rather sensible.  Except for one guy.  Guy just told us that he owns over "200 pairs of limited editions sneakers".  Guy decided to be frugal and ONLY get the $95 dollar/week detailing package for his new Tesla.  Guy also admitted he hasn't cooked dinner in months.  Why cook when you can get food delivered from Door Dash from trendy restaurants?

Upon hearing that, other 2 engineers in the conversation just sat there stunned for a bit.  No one knew what to say. 

dragoncar

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Re: Overheard at Work 2
« Reply #1194 on: August 08, 2019, 11:10:05 AM »
I'm and engineer and work with other engineers who tend to be rather sensible.  Except for one guy.  Guy just told us that he owns over "200 pairs of limited editions sneakers".  Guy decided to be frugal and ONLY get the $95 dollar/week detailing package for his new Tesla.  Guy also admitted he hasn't cooked dinner in months.  Why cook when you can get food delivered from Door Dash from trendy restaurants?

Upon hearing that, other 2 engineers in the conversation just sat there stunned for a bit.  No one knew what to say.

Holy shit the detailing package is like half as much as the car payment!

insufFIcientfunds

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Re: Overheard at Work 2
« Reply #1195 on: August 08, 2019, 11:17:57 AM »
I'm and engineer and work with other engineers who tend to be rather sensible.  Except for one guy.  Guy just told us that he owns over "200 pairs of limited editions sneakers".  Guy decided to be frugal and ONLY get the $95 dollar/week detailing package for his new Tesla.  Guy also admitted he hasn't cooked dinner in months.  Why cook when you can get food delivered from Door Dash from trendy restaurants?

Upon hearing that, other 2 engineers in the conversation just sat there stunned for a bit.  No one knew what to say.

Holy shit the detailing package is like half as much as the car payment!

That's insane. I heard the other day "As soon as the Benz is paid off I am concentrating on student loans." Also eats out most lunches and dinners.....

J.R. Ewing

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Re: Overheard at Work 2
« Reply #1196 on: August 08, 2019, 11:40:33 AM »
Another story about Guy and his wife.  She bought a brand new Acura sedan.  They weren't able to put their car seat in the back middle seat in the new sedan.  She liked having the car seat in the middle, so she could reach back and occasionally hold her toddler's hand.  So what do they do?  They trade in their Acura (only about 2000 miles on it) for a brand new luxury SUV.  Got be able to hold that hand for a few seconds before the light changes at intersections...  I can't imagine how much they lost on it. 

jps

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Re: Overheard at Work 2
« Reply #1197 on: August 08, 2019, 11:57:38 AM »
I'm and engineer and work with other engineers who tend to be rather sensible.  Except for one guy.  Guy just told us that he owns over "200 pairs of limited editions sneakers".  Guy decided to be frugal and ONLY get the $95 dollar/week detailing package for his new Tesla.  Guy also admitted he hasn't cooked dinner in months.  Why cook when you can get food delivered from Door Dash from trendy restaurants?

Upon hearing that, other 2 engineers in the conversation just sat there stunned for a bit.  No one knew what to say.

Holy shit the detailing package is like half as much as the car payment!

Does this mean that the guy gets his car detailed every single week? What sort of mess could possibly accumulate regularly in his car such that it needs a whole detailing?

OtherJen

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Re: Overheard at Work 2
« Reply #1198 on: August 08, 2019, 12:14:02 PM »
I'm and engineer and work with other engineers who tend to be rather sensible.  Except for one guy.  Guy just told us that he owns over "200 pairs of limited editions sneakers".  Guy decided to be frugal and ONLY get the $95 dollar/week detailing package for his new Tesla.  Guy also admitted he hasn't cooked dinner in months.  Why cook when you can get food delivered from Door Dash from trendy restaurants?

Upon hearing that, other 2 engineers in the conversation just sat there stunned for a bit.  No one knew what to say.

Holy shit the detailing package is like half as much as the car payment!

Does this mean that the guy gets his car detailed every single week? What sort of mess could possibly accumulate regularly in his car such that it needs a whole detailing?

Fast food breakfast and lunch garbage and crumbs would be my guess.

turketron

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Re: Overheard at Work 2
« Reply #1199 on: August 08, 2019, 12:28:49 PM »
In November of last year, a coworker posted in our internal craigslist-esque marketplace that he was selling a brand new Galaxy Note 9 (for $950) that he ended up not wanting to keep (but missed the return window) because he was "very firmly rooted in the Apple ecosystem... I will soon have a new iPad... I've been using an iPhone for the past few years, and have bought a pile of apps... Also, iMessage is just too good of a messaging platform and most of his friends are on iOS."  I don't believe he found a buyer, at least on our work board.

...he just posted today that he's planning on selling his latest model iPhone for $950 because he's planning on getting the new Galaxy Note 10 when it's released in a couple weeks.