Author Topic: Overheard at Work  (Read 10595709 times)

mm1970

  • Walrus Stache
  • *******
  • Posts: 8631
Re: Overheard at Work
« Reply #14750 on: September 06, 2016, 09:40:15 AM »
One friend was in her 40s and Chinese.  Each year, she and her husband and daughter would make homemade potstickers.  Then my Mexican friend would bring tamales or enchiladas (that his mom made).

I told the single guys to bring chips, soda, cookies, or ice cream. 

One year, my other single friend (early 30's) - well, she went to Costco, bought a bag of meatballs, bought sauce, and put it all in a crockpot in the morning.  My Chinese friend, who had spent 3 hours making potstickers...well, that was the last time she made potstickers for the potluck.

If one of my coworkers had told me at a potluck, as a "single guy" to just bring cheap crap to a potluck I would have been rather annoyed.

And I don't understand your lament of the person bringing meatballs/sauce and a crockpot. Crockpots are nearly perfect for work potlucks.

Yeah, that seems super sexist to be mad at the woman for bringing pre-made meatballs, but only expecting single men to bring bring pre-made crap.  By extension, presumably the married men are expected to press their wives to make stuff for a potluck they won't even attend?

I think you're missing the point--he was expecting the woman to bring chips or similar. Instead she brought something that required no effort and one-upped the potstickers.

That is how I interpretted it, anyways.
*I* wasn't lamenting the meatballs.
*Potsticker woman* was lamenting the meatballs. 

nobody123

  • Pencil Stache
  • ****
  • Posts: 519
Re: Overheard at Work
« Reply #14751 on: September 06, 2016, 10:04:35 AM »
In any event, time went on and eventually, the potluck became "everyone picking something up  at Costco".  Now, I love Costco, but a potluck of 100% Costco isn't really fun.

Because my company is cheap For some reason, my boss thinks potlucks are a great idea for holiday departmental lunches.  He throws a fit when a bunch of us just pitch in to buy something like a sandwich tray or pizzas.  It turns out when half of the department is hosting family at said holiday a day or two later, nobody wants to cook yet another item and have to lug it back and forth to work.  For some reason he doesn't have an issue with the 74 bags of chips or store bought cookies that the young folks bring in.

BFGirl

  • Pencil Stache
  • ****
  • Posts: 730
Re: Overheard at Work
« Reply #14752 on: September 06, 2016, 10:27:39 AM »

I think with guffaw there is an openness that you can't have at work.  The laugh is contained and reined in. 

How about Guff-arble?  guffarble?  And possibly guffarble-quake?

I compel you to search for the video 'giggle loop' from the show Coupling. (I'm at work so can't search and link).

I was about to suggest "giggle loop"!!

nobody123

  • Pencil Stache
  • ****
  • Posts: 519
Re: Overheard at Work
« Reply #14753 on: September 06, 2016, 10:46:34 AM »
So, a group of neighbors were shooting the breeze this weekend.  One couple is in the process of getting an in-ground pool put in.  Good for them, if that's how they want to spend their money.  They're obviously excited about it, and everyone was being neighborly and saying how awesome it will be once it's done, asking about how they were going to decorate the yard around it, making jokes about who will pee in it first, etc.

However, the wife half of a couple who has been openly pining for a pool for the 4+ years they've lived in the neighborhood, says she can't even be happy for them because she's pissed that she doesn't have her pool yet.  Then, her husband then proceeds to publicly declare that he cashed out his state government pension & retirement savings from his last job when they moved here for his dream job.  He needed the money to put the down payment on their house and supplement his income (she doesn't work) because he took a significant pay cut to take the job, and then he tells us what he makes per year in his federal job.  He was lamenting that it reset the timer on when he can get a pension, so he's got another 16 years or so to hit the 20 necessary for his new government pension.  His wife then tells the group that he's got around $70K in his retirement account and she wants him to borrow against it to pay for a pool.  He very seriously tells her to go get a f-ing job.  Luckily, one of the neighbors quickly changed the subject.

So, when we get home, I tell the wife how I'm shocked at that whole conversation not only because it took place, but also because I would be freaking out if I only had $70K in our retirement accounts at that age (he's a few years older than us).  I also used the opportunity to point out how lucky she is to be married to me, because I have manners and have us in a much better financial position. ;)  She then tells me that the husband had approached the pool builder husband earlier in the day to ask how much they were spending on it because he was sick of the wife nagging him about it and he needed to shut her up.  For a little context, this couple does a poor job of maintaining their existing yard and house, so I can only assume that they can't really afford to maintain a pool, let alone the construction of one.  Nevertheless, I am willing to bet that next spring there will be a pool going into their yard...

firelight

  • Handlebar Stache
  • *****
  • Posts: 1062
Re: Overheard at Work
« Reply #14754 on: September 06, 2016, 12:44:45 PM »
So, a group of neighbors were shooting the breeze this weekend.  One couple is in the process of getting an in-ground pool put in.  Good for them, if that's how they want to spend their money.  They're obviously excited about it, and everyone was being neighborly and saying how awesome it will be once it's done, asking about how they were going to decorate the yard around it, making jokes about who will pee in it first, etc.

However, the wife half of a couple who has been openly pining for a pool for the 4+ years they've lived in the neighborhood, says she can't even be happy for them because she's pissed that she doesn't have her pool yet.  Then, her husband then proceeds to publicly declare that he cashed out his state government pension & retirement savings from his last job when they moved here for his dream job.  He needed the money to put the down payment on their house and supplement his income (she doesn't work) because he took a significant pay cut to take the job, and then he tells us what he makes per year in his federal job.  He was lamenting that it reset the timer on when he can get a pension, so he's got another 16 years or so to hit the 20 necessary for his new government pension.  His wife then tells the group that he's got around $70K in his retirement account and she wants him to borrow against it to pay for a pool.  He very seriously tells her to go get a f-ing job.  Luckily, one of the neighbors quickly changed the subject.

So, when we get home, I tell the wife how I'm shocked at that whole conversation not only because it took place, but also because I would be freaking out if I only had $70K in our retirement accounts at that age (he's a few years older than us).  I also used the opportunity to point out how lucky she is to be married to me, because I have manners and have us in a much better financial position. ;)  She then tells me that the husband had approached the pool builder husband earlier in the day to ask how much they were spending on it because he was sick of the wife nagging him about it and he needed to shut her up.  For a little context, this couple does a poor job of maintaining their existing yard and house, so I can only assume that they can't really afford to maintain a pool, let alone the construction of one.  Nevertheless, I am willing to bet that next spring there will be a pool going into their yard...
OMG!!!

kayvent

  • Pencil Stache
  • ****
  • Posts: 633
  • Location: Canada
Re: Overheard at Work
« Reply #14755 on: September 06, 2016, 02:08:02 PM »
One of my coworkers drives an older toyota camry,I want to say it's a late nineties, early 2000's model. She comes into my office and says she's thinking of switching her car.

CW:I think I need a new car.
Me: Why, is there something wrong with it?
CW: Well I drive donors to dinner or events sometimes and the car just doesn't look up to snuff.
Me: Just rent a car for a few hours. It'll be much cheaper with the contracted rate.
CW: No, that'll be too much. I should buy a new car.

I tried to point out that renting a car is eligible for reimbursement and her car payment (she doesn't have the cash to purchase outright) wouldn't be.

No new car yet, so maybe I got through to her.

If you don't mind the compliment, that was ingenious thinking on your behalf.

Kitsune

  • Handlebar Stache
  • *****
  • Posts: 1852
Re: Overheard at Work
« Reply #14756 on: September 06, 2016, 02:09:30 PM »
One of my coworkers drives an older toyota camry,I want to say it's a late nineties, early 2000's model. She comes into my office and says she's thinking of switching her car.

CW:I think I need a new car.
Me: Why, is there something wrong with it?
CW: Well I drive donors to dinner or events sometimes and the car just doesn't look up to snuff.
Me: Just rent a car for a few hours. It'll be much cheaper with the contracted rate.
CW: No, that'll be too much. I should buy a new car.

I tried to point out that renting a car is eligible for reimbursement and her car payment (she doesn't have the cash to purchase outright) wouldn't be.

No new car yet, so maybe I got through to her.

I went to a fancy dinner with a bunch of schmancy executive-type people last year, and wound up walking down with one of the directors of the bank we do business with and waiting for the valets to bring our cars.

Me: "I'm almost embarassed at my car right now... everyone is driving BMWs and Audis and the like."
Banker: "You like your car? It's paid off?"
Me: "Yeah, of course it's paid off. Runs great."
Banker: "Y'know, I manage the banking of a lot of people in that room. Let me just say: your car? Pretty damned special, in this crowd. I'd keep driving it if I were you."

Since then, I've also come down to earth and started to appreciate my car a hell of a lot more. No embarassment for me - I have a GREAT car!

(And if you need a nicer car for a few hours and you can get it reimbursed... WHY WOULD YOU BUY ONE FROM YOUR OWN FUNDS. Your point is excellent.)

Making Cookies

  • Handlebar Stache
  • *****
  • Posts: 1645
Re: Overheard at Work
« Reply #14757 on: September 06, 2016, 04:09:20 PM »
Well then she surely needs a luxury car to impress with... -eye roller-

zephyr911

  • Magnum Stache
  • ******
  • Posts: 3621
  • Age: 42
  • Location: Northern Alabama
  • I'm just happy to be here. \m/ ^_^ \m/
    • Pinhook Development LLC
Re: Overheard at Work
« Reply #14758 on: September 06, 2016, 06:22:22 PM »
Best potluck dish ever! I get asked for the recipe and requests to bring it. It tastes so much better than just 3 ingredients.

Cranberry Salad - aka super easy and special cranberry sauce.
2 cans whole berry cranberry
1 can mandarin oranges
1/2 cup toasted walnuts

A day or two before the potluck pour the cranberry in a large bowl and break it up. Stir in walnuts and then gently fold in mandarin oranges. Cover and put in fridge until mealtime.
Actually used this on Saturday. I just ate some of the leftovers. Love it!

bigalsmith101

  • Pencil Stache
  • ****
  • Posts: 520
  • Age: 34
  • Location: Lake Stevens, WA
  • Yes, that's really my face.
    • No Jobs, No Responsibilities, No Better Time then Now
Re: Overheard at Work
« Reply #14759 on: September 06, 2016, 09:16:18 PM »
I had posted earlier in the "Anti Anti-Mustachian" forum earlier about this situation, but the situation has since progressed to be better suited here.

My mid 50's coworker, with little to no retirement planned or saved, has just refinanced her townhouse. This, in itself, is awesome. She's dropped her interest rate from where it was at 5.5% down to 3.8%. Success!

This is where the success ends, and the poor decisions start. She's had a balance on a home equity line of credit to the tune of about $40k for quite a while now, along with a $5k credit card balance. Well, she used this refinance opportunity to consolidate her loans into one mortgage, dropping her total cumulative payments by $300/mo in the process. The poor decision? When she refinanced her mortgage that had 17yrs left on it to a 30yr mortgage, thus the ability to lower her monthly payments...

But it doesn't stop there. She also borrowed $10k to use towards buying a new car. You see, her perfectly capable 12yr old Hyundai Tiburon has been "nickel and diming" her for the past year or so. It's cost her $2k in the past year alone, and "dammit, she can't afford it". I tried to explain that if she decided to buy a new car, she would be easily paying $300/mo in car payments, plus an increase in insurance costs. A new car would cost her much more than her current car and she wouldn't have to take the hit of depreciation if she kept her current vehicle. I could tell she wasn't interested in keeping her old car, so I suggested that she look at a used car, or certified pre-owned as that would vastly decrease her costs. She agreed that that would be a good idea.

The next week, she's all excited about a certified pre-owned Hyundai Santa Fe 2.0T with all the bells and whistles. It's a lease return, with 36,000 miles, and it's priced at $25,000 before negotiating. It would come with the remainder of the 10yr, 100k mile warranty offered by Hyundai. It would cost her $270/mo after she paid $10k down, and it's pretty much exactly what she's looking for. She can't afford a new one, as they are nearly $40k, and she does NOT want to finance a car for the next 7-8 years to bring the payments low enough to afford.

A week goes by, and she tells me she's going back that weekend to check out the car again. She's got to choose between a white or a black one...

Monday rolls around, and there is a BRAND NEW Maroon Hyundai Santa Fe 2.0T (turbo), FULLY LOADED in the parking lot at work. I start thinking, "but there wasn't a maroon lease return at the dealer... She can't afford the financing terms on a new one... New ones cost $42k!... She'd have to pay almost $600/mo even if she gave them $10k upfront..."

And then I realized the brutal truth, "She must have leased it. Fuuuuuuuuuuck!"

I walk into the office and she immediately tells me that I HAVE to check out her new car. I don't pull any punches and I ask, "Did you lease it?" She says, "Yea, I really liked it, but they are really expensive. This thing is $42k with all the bells and whistles. I couldn't afford the nearly $600/mo payment to buy it new, so I thought I'd give the lease a try. If I don't like it, I can return it in three years. I had to give them the $10k up front, but my payment is only $270/mo which is totally affordable! I'm really excited, it's so nice! Plus, I have the option to buy it at the end of the lease, which would only be $22,800, which I can manage."

I ask her if she realizes that the $10k she paid up front is essentially to buy down the depreciation that the vehicle will incur in the next 3 years. That, when she's finished with her lease, she'll need to buy the car to make the lease worth it. Otherwise, she'll be paying almost $20k for a car for 3 years of use. She says, "Yea, I really like it. I'm pretty sure I'll definitely be buying it when the lease is up. I'm really happy with it."

I didn't mention that she's essentially financing $32k over 8yrs, AFTER paying down $10k. She's doing exactly what she didn't want to do in the first place, and has just signed on for $42k of debt that will be paid over the next 8 years. She's even decided to keep her older car, as she's never had the convenience of two cars before, and it doesn't cost her anything to keep it.

AAAAAAAGHAGAHAGAHAHGAGH!!!!

gooki

  • Handlebar Stache
  • *****
  • Posts: 2436
  • Location: NZ
Re: Overheard at Work
« Reply #14760 on: September 07, 2016, 01:07:30 AM »
That was awesome. In a very sad way.

kayvent

  • Pencil Stache
  • ****
  • Posts: 633
  • Location: Canada
Re: Overheard at Work
« Reply #14761 on: September 07, 2016, 02:54:25 AM »

But it doesn't stop there. She also borrowed $10k to use towards buying a new car.

....

"... I couldn't afford the nearly $600/mo payment to buy it new, so I thought I'd give the lease a try. If I don't like it, I can return it in three years. I had to give them the $10k up front, but my payment is only $270/mo which is totally affordable!"

Assuming the 10K loan is 0% and is a three-year loan, she does realize that she is effectively paying 600$/month or do you get the impression that she missed that transitive concept? Or put another way, does she understand that she has to pay back her loan and therefore the TCO of the car is more than just what the dealer says or thinks it is?
« Last Edit: September 07, 2016, 02:56:28 AM by kayvent »

bigalsmith101

  • Pencil Stache
  • ****
  • Posts: 520
  • Age: 34
  • Location: Lake Stevens, WA
  • Yes, that's really my face.
    • No Jobs, No Responsibilities, No Better Time then Now
Re: Overheard at Work
« Reply #14762 on: September 07, 2016, 07:35:57 AM »

But it doesn't stop there. She also borrowed $10k to use towards buying a new car.

....

"... I couldn't afford the nearly $600/mo payment to buy it new, so I thought I'd give the lease a try. If I don't like it, I can return it in three years. I had to give them the $10k up front, but my payment is only $270/mo which is totally affordable!"

Assuming the 10K loan is 0% and is a three-year loan, she does realize that she is effectively paying 600$/month or do you get the impression that she missed that transitive concept? Or put another way, does she understand that she has to pay back her loan and therefore the TCO of the car is more than just what the dealer says or thinks it is?

The straight facts are that the $10k is coming from the cash out refinance on her home. Essentially, she's paying that $10k at 3.5% over the next 30 years. Both my coworker (a 50 year old male who's retired from one job, and holding out till 55 to be able to access his pension/401k fee free) tried to convince her not to use the refinance to access cash to buy a car, as she has excellent credit (800+) and qualified for 1.9% at the dealer. She didn't listen though. She does realize in the back of her mind, that she's paying off that 10k loan over the term of her mortgage, but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300. She knows this is because she took a 30yr mortgage, but she also believes that in the next 5-7 years, she'll sell her home and buy a smaller one, thus the 30 year mortgage is justified...

Both the mortgage lender and the car dealership finance people spouted out some nonsense that got her excited and she made the bad decisions in rapid fire succession.

First mistake? Telling the dealer, "I don't want my payments to be any higher than about $270/mo." What did she do? She agreed to have a dumbass alarm installed, adding $15/mo to her lease ($540 alarm...) totaling $285/mo, and doesn't consider the extra cost of insurance as an increase in her monthly payment...


mm1970

  • Walrus Stache
  • *******
  • Posts: 8631
Re: Overheard at Work
« Reply #14763 on: September 07, 2016, 09:46:51 AM »
Quote
And then I realized the brutal truth, "She must have leased it. Fuuuuuuuuuuck!"

I walk into the office and she immediately tells me that I HAVE to check out her new car. I don't pull any punches and I ask, "Did you lease it?" She says, "Yea, I really liked it, but they are really expensive. This thing is $42k with all the bells and whistles. I couldn't afford the nearly $600/mo payment to buy it new, so I thought I'd give the lease a try. If I don't like it, I can return it in three years. I had to give them the $10k up front, but my payment is only $270/mo which is totally affordable! I'm really excited, it's so nice! Plus, I have the option to buy it at the end of the lease, which would only be $22,800, which I can manage."

I ask her if she realizes that the $10k she paid up front is essentially to buy down the depreciation that the vehicle will incur in the next 3 years. That, when she's finished with her lease, she'll need to buy the car to make the lease worth it. Otherwise, she'll be paying almost $20k for a car for 3 years of use. She says, "Yea, I really like it. I'm pretty sure I'll definitely be buying it when the lease is up. I'm really happy with it."
That made my brain hurt.  People and cars.

RyanAtTanagra

  • Handlebar Stache
  • *****
  • Posts: 1191
  • Location: SF Bay, CA
Re: Overheard at Work
« Reply #14764 on: September 07, 2016, 10:28:26 AM »
...but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300.

This is a major problem I see in a lot of people.  They only think of money in the short term, i.e. monthly payments, and if they can afford it.  Then they complain about how it's impossible to build wealth in the long term nowadays...

infogoon

  • Pencil Stache
  • ****
  • Posts: 840
Re: Overheard at Work
« Reply #14765 on: September 07, 2016, 11:04:00 AM »
...but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300.

This is a major problem I see in a lot of people.  They only think of money in the short term, i.e. monthly payments, and if they can afford it.  Then they complain about how it's impossible to build wealth in the long term nowadays...

A friend of mine worked as a car salesman for a few years. He said that almost nobody -- way lower than 10% -- even ask about the total price of the car they're about to buy. It's all about that monthly payment.

TexasRunner

  • Pencil Stache
  • ****
  • Posts: 926
  • Age: 29
  • Location: Somewhere in Tejas
Re: Overheard at Work
« Reply #14766 on: September 07, 2016, 11:06:03 AM »
...but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300.

This is a major problem I see in a lot of people.  They only think of money in the short term, i.e. monthly payments, and if they can afford it.  Then they complain about how it's impossible to build wealth in the long term nowadays...

A friend of mine worked as a car salesman for a few years. He said that almost nobody -- way lower than 10% -- even ask about the total price of the car they're about to buy. It's all about that monthly payment.

My parents intentionally drive 1.25 hours one way to work with a dealer in a small town.  The reason?  He was the only dealer within 100 miles that would actually give a cash price over the phone and stick to it.  We have 8 (or more) massive dealers in town.  None of them would give a cash price.

MgoSam

  • Magnum Stache
  • ******
  • Posts: 3646
  • Location: Minnesota
Re: Overheard at Work
« Reply #14767 on: September 07, 2016, 11:14:04 AM »
...but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300.

This is a major problem I see in a lot of people.  They only think of money in the short term, i.e. monthly payments, and if they can afford it.  Then they complain about how it's impossible to build wealth in the long term nowadays...

A friend of mine worked as a car salesman for a few years. He said that almost nobody -- way lower than 10% -- even ask about the total price of the car they're about to buy. It's all about that monthly payment.

Ick that's really sad, but likely great for the salesmen. That percentage makes sense as cash sales are around 9% of all car purchases.

randymarsh

  • Handlebar Stache
  • *****
  • Posts: 1374
  • Location: Denver
Re: Overheard at Work
« Reply #14768 on: September 07, 2016, 11:38:43 AM »
She's even decided to keep her older car, as she's never had the convenience of two cars before, and it doesn't cost her anything to keep it.

Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient? The brand new lease shouldn't be breaking down anytime soon. The mental gymnastics these people play!

RyanAtTanagra

  • Handlebar Stache
  • *****
  • Posts: 1191
  • Location: SF Bay, CA
Re: Overheard at Work
« Reply #14769 on: September 07, 2016, 11:47:35 AM »
Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient?

If you have to much to drink at the bar and get a ride home, you have a car to go get your car!

GuitarStv

  • Senior Mustachian
  • ********
  • Posts: 17209
  • Age: 39
  • Location: Toronto, Ontario, Canada
Re: Overheard at Work
« Reply #14770 on: September 07, 2016, 11:59:27 AM »
Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient?

If you have to much to drink at the bar and get a ride home, you have a car to go get your car!

If something breaks on the newer car you can just replace with parts from the older car!  That's how repairing cars works right?

bigalsmith101

  • Pencil Stache
  • ****
  • Posts: 520
  • Age: 34
  • Location: Lake Stevens, WA
  • Yes, that's really my face.
    • No Jobs, No Responsibilities, No Better Time then Now
Re: Overheard at Work
« Reply #14771 on: September 07, 2016, 12:57:56 PM »
She's even decided to keep her older car, as she's never had the convenience of two cars before, and it doesn't cost her anything to keep it.

Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient? The brand new lease shouldn't be breaking down anytime soon. The mental gymnastics these people play!

She has a two car garage. She's never owned two cars before, and liked the idea of having a second car for those times when her car may be in the shop. I guarantee that I don't see it at the office more than twice in a year. Plus, she bought the Hyundai Santa Fe because it's a mini SUV. She wanted the option of carrying around her golf clubs or massage table while still carrying a passenger. So, her old two door car can't even do what she wants to do with the new one. It's just dumb.

Drifterrider

  • Handlebar Stache
  • *****
  • Posts: 1118
Re: Overheard at Work
« Reply #14772 on: September 07, 2016, 01:08:40 PM »
Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient?

If you have to much to drink at the bar and get a ride home, you have a car to go get your car!

If you have too much to drink at a bar, use your towing insurance:)

merula

  • Handlebar Stache
  • *****
  • Posts: 1404
Re: Overheard at Work
« Reply #14773 on: September 07, 2016, 03:07:58 PM »
Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient?

If you have to much to drink at the bar and get a ride home, you have a car to go get your car!

If you have too much to drink at a bar, use your towing insurance:)

Sorry, but you're going to be disappointed when you get a $300 tow bill instead of paying $30 for a taxi. Insurance typically only covers towing if the vehicle isn't driveable. For example:

We will pay towing and labor costs incurred each time your covered auto is disabled, up to the amount shown in the Declarations as applicable to that vehicle.

MgoSam

  • Magnum Stache
  • ******
  • Posts: 3646
  • Location: Minnesota
Re: Overheard at Work
« Reply #14774 on: September 07, 2016, 03:10:33 PM »
Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient?

If you have to much to drink at the bar and get a ride home, you have a car to go get your car!

If you have too much to drink at a bar, use your towing insurance:)

Sorry, but you're going to be disappointed when you get a $300 tow bill instead of paying $30 for a taxi. Insurance typically only covers towing if the vehicle isn't driveable. For example:

We will pay towing and labor costs incurred each time your covered auto is disabled, up to the amount shown in the Declarations as applicable to that vehicle.

Doesn't aaa cover tow fees....depending on membership level and distance driven? I don't know if you could do this solely because you are drunk, but it is an amusing idea. I believe this was done in the show The League.

mtn

  • Handlebar Stache
  • *****
  • Posts: 1339
Re: Overheard at Work
« Reply #14775 on: September 07, 2016, 03:11:08 PM »
Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient?

If you have to much to drink at the bar and get a ride home, you have a car to go get your car!

If you have too much to drink at a bar, use your towing insurance:)

Sorry, but you're going to be disappointed when you get a $300 tow bill instead of paying $30 for a taxi. Insurance typically only covers towing if the vehicle isn't driveable. For example:

We will pay towing and labor costs incurred each time your covered auto is disabled, up to the amount shown in the Declarations as applicable to that vehicle.

Install a kill switch and not tell anyone about it. "Geeze, dang thing is turning over but it sure isn't starting. Must be bad fuel or something"

Of course, you usually can only use that tow 1-2 times a year, and an Uber is about $5-$15, so...

MgoSam

  • Magnum Stache
  • ******
  • Posts: 3646
  • Location: Minnesota
Re: Overheard at Work
« Reply #14776 on: September 07, 2016, 03:13:04 PM »
Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient?

If you have to much to drink at the bar and get a ride home, you have a car to go get your car!

If you have too much to drink at a bar, use your towing insurance:)

Sorry, but you're going to be disappointed when you get a $300 tow bill instead of paying $30 for a taxi. Insurance typically only covers towing if the vehicle isn't driveable. For example:

We will pay towing and labor costs incurred each time your covered auto is disabled, up to the amount shown in the Declarations as applicable to that vehicle.

Install a kill switch and not tell anyone about it. "Geeze, dang thing is turning over but it sure isn't starting. Must be bad fuel or something"

Of course, you usually can only use that tow 1-2 times a year, and an Uber is about $5-$15, so...

Yup. Plus Uber or cabbies tend to be fairly prompt whereas tows can take forever to come.

merula

  • Handlebar Stache
  • *****
  • Posts: 1404
Re: Overheard at Work
« Reply #14777 on: September 07, 2016, 03:13:37 PM »
This whole foamy suggestion has got to be the lamest insurance fraud scam ever.

mtn

  • Handlebar Stache
  • *****
  • Posts: 1339
Re: Overheard at Work
« Reply #14778 on: September 07, 2016, 03:18:29 PM »
This whole foamy suggestion has got to be the lamest insurance fraud scam ever.

related to the foam: In college, I used to go and ask the pizza places (in person) for a pizza for delivery, and also asked to be delivered home with the pizza. Cheaper than the cab, and I got food.

MgoSam

  • Magnum Stache
  • ******
  • Posts: 3646
  • Location: Minnesota
Re: Overheard at Work
« Reply #14779 on: September 07, 2016, 03:27:16 PM »
This whole foamy suggestion has got to be the lamest insurance fraud scam ever.

related to the foam: In college, I used to go and ask the pizza places (in person) for a pizza for delivery, and also asked to be delivered home with the pizza. Cheaper than the cab, and I got food.

Lol, good memories of pizza delivery guys during college. I remember one time walking back from a friend's dorm in the middle of winter as a pizza delivery guy just finished making a delivery. I asked if he would be willing to give me a ride and his response, "Man, I don't give rides to dudes," and so I nodded and started to walk and he yelled, "I'm just kidding," with a huge smile on his face and drove me to back to my dorm. Nice guy, wouldn't accept some money for the ride. A year later when I moved into my fraternity he delivered a pizza and remembered me!

Then there was another guy we knew that was a dealer, who also delivered pizzas on the side. It was annoying because couldn't get a hold of him when he was working but when he could he would bring us a pizza when he made a delivery.

dragoncar

  • Walrus Stache
  • *******
  • Posts: 9406
  • Registered member
Re: Overheard at Work
« Reply #14780 on: September 07, 2016, 04:25:59 PM »
Maybe it's because I drive 5000 miles or less per year but how are 2 sedans for one person convenient?

If you have to much to drink at the bar and get a ride home, you have a car to go get your car!

If you have too much to drink at a bar, use your towing insurance:)

Sorry, but you're going to be disappointed when you get a $300 tow bill instead of paying $30 for a taxi. Insurance typically only covers towing if the vehicle isn't driveable. For example:

We will pay towing and labor costs incurred each time your covered auto is disabled, up to the amount shown in the Declarations as applicable to that vehicle.

In some parts of the world, your auto insurance includes transportation home if you've been drinking.  As in, your premium includes them delivering a driver to your drinking establishment and he drives you home in your own car.  I guess it reduces their liability in the end because you aren't driving drunk -- would be good in the US too.

Zx

  • Bristles
  • ***
  • Posts: 447
Re: Overheard at Work
« Reply #14781 on: September 07, 2016, 07:39:08 PM »
I work in a union shop. What everyone makes is open knowledge because of the contract.

We have 5 people in my department.

The guy I'm thinking of is desperate to work 12 to 14 hours per day, 6 days per week and sometimes 7. He's making 50 bucks an hour on straight time. He showed me his take home for two weeks on one check, it was $5000.34. That check went to a huge house on the hill that he lives in by himself. The mortgage is nearly 5k per month.

He says that the OT is killing him, he doesn't know how much longer he can do it, etc etc. He's shopping for a new SUV, preferably a Lexus or BMW or Audi.

He puts 8k into 401k each year to get the matching 6k. He needs a new roof, new paint on the house, some outside work, his hot water tank just rusted out. It just keeps coming. His daughter declared she won't take the car he drives now for her first car when he buys his new one.

She must have a new car. She's 16 and has an image to protect.

I told him to sell that house, buy a camper and live at work. Shower in the locker room. Put 10k per month into 401k. Do that for 5 years and you are through.

He said no way he's selling that house. And he's got to keep working to pay for that roof, outside paint job, and the new vehicle he's soon to buy.

It hurts to watch!

sonjak

  • Stubble
  • **
  • Posts: 234
  • Location: Portland, OR
Re: Overheard at Work
« Reply #14782 on: September 07, 2016, 07:57:55 PM »
I work in a union shop. What everyone makes is open knowledge because of the contract.

We have 5 people in my department.

The guy I'm thinking of is desperate to work 12 to 14 hours per day, 6 days per week and sometimes 7. He's making 50 bucks an hour on straight time. He showed me his take home for two weeks on one check, it was $5000.34. That check went to a huge house on the hill that he lives in by himself. The mortgage is nearly 5k per month.

He says that the OT is killing him, he doesn't know how much longer he can do it, etc etc. He's shopping for a new SUV, preferably a Lexus or BMW or Audi.

He puts 8k into 401k each year to get the matching 6k. He needs a new roof, new paint on the house, some outside work, his hot water tank just rusted out. It just keeps coming. His daughter declared she won't take the car he drives now for her first car when he buys his new one.

She must have a new car. She's 16 and has an image to protect.

I told him to sell that house, buy a camper and live at work. Shower in the locker room. Put 10k per month into 401k. Do that for 5 years and you are through.

He said no way he's selling that house. And he's got to keep working to pay for that roof, outside paint job, and the new vehicle he's soon to buy.

It hurts to watch!
It hurt to read!

nobodyspecial

  • Handlebar Stache
  • *****
  • Posts: 1468
  • Location: Land above the land of the free
Re: Overheard at Work
« Reply #14783 on: September 07, 2016, 08:46:08 PM »
Quote from: randymarsh link=topic=2540.msg
but how are 2 sedans for one person convenient?
Obviously so you can use the hov lane, the one with the picture of an owner of 2 cars

RWD

  • Magnum Stache
  • ******
  • Posts: 4350
  • Location: Mississippi
Re: Overheard at Work
« Reply #14784 on: September 07, 2016, 09:31:00 PM »
Put 10k per month into 401k. Do that for 5 years and you are through.
I like the idea, but he'd hit the federal limit on pre-tax 401k contributions for the year in month two...

Zx

  • Bristles
  • ***
  • Posts: 447
Re: Overheard at Work
« Reply #14785 on: September 07, 2016, 09:36:53 PM »
Put 10k per month into 401k. Do that for 5 years and you are through.
I like the idea, but he'd hit the federal limit on pre-tax 401k contributions for the year in month two...

He obviously wouldn't put 120k per year into 401k then. Nice catch.

JAYSLOL

  • Handlebar Stache
  • *****
  • Posts: 1406
Re: Overheard at Work
« Reply #14786 on: September 07, 2016, 11:58:52 PM »
Today at work a guy pulls up next to our job site in a pickup truck, and I mention that we are going to be running some equipment very close to where he parked his truck and it might get dust/debris on it.  He says "no worries, it's my bush-truck"...   Um, his "bush-truck" was a <3 year old 4-door F350 Super Duty that looked absolutely brand new.
I hate to think how much he would spend on a "show truck"

MrRealEstate

  • 5 O'Clock Shadow
  • *
  • Posts: 82
  • Age: 29
  • Location: Modesto, CA
Re: Overheard at Work
« Reply #14787 on: September 08, 2016, 03:26:23 AM »
Put 10k per month into 401k. Do that for 5 years and you are through.
I like the idea, but he'd hit the federal limit on pre-tax 401k contributions for the year in month two...

He obviously wouldn't put 120k per year into 401k then. Nice catch.

Unless he's self employed. 53k under 50 years old, 59k over 50 yo as long as thats not more than 20% of the business' earnings.

MustachianAccountant

  • Bristles
  • ***
  • Posts: 433
  • Age: 42
Re: Overheard at Work
« Reply #14788 on: September 08, 2016, 04:28:32 AM »
related to the foam: In college, I used to go and ask the pizza places (in person) for a pizza for delivery, and also asked to be delivered home with the pizza. Cheaper than the cab, and I got food.

I used to deliver pizzas, and if you asked any of our drivers to take you home with your pizza, I'm pretty sure you'd just get funny looks.*
That is, if the manager didn't overhear it, because it was against company policy to drive ANYONE around with you when delivering. Liability and whatnot.


*Unless you were a hot female, in which case it might work, if you did it behind the manager's back.

Making Cookies

  • Handlebar Stache
  • *****
  • Posts: 1645
Re: Overheard at Work
« Reply #14789 on: September 08, 2016, 09:11:20 AM »
...but she's not looking at the larger picture. She knows that her monthly payments have decreased by ~$300.

This is a major problem I see in a lot of people.  They only think of money in the short term, i.e. monthly payments, and if they can afford it.  Then they complain about how it's impossible to build wealth in the long term nowadays...

Maybe that's a big part of what's different between now and 50 years ago. Creative financing that helps the customer get the stuff they want but costs them for far longer than they will have the stuff i.e. compound interest and opportunity costs.

Of course the average person doesn't want to figure this out. They just want a low monthly payment. And the money people are happy to help...

Proud Foot

  • Handlebar Stache
  • *****
  • Posts: 1110
Re: Overheard at Work
« Reply #14790 on: September 08, 2016, 09:19:15 AM »
Put 10k per month into 401k. Do that for 5 years and you are through.
I like the idea, but he'd hit the federal limit on pre-tax 401k contributions for the year in month two...

He obviously wouldn't put 120k per year into 401k then. Nice catch.

Unless he's self employed. 53k under 50 years old, 59k over 50 yo as long as thats not more than 20% of the business' earnings.

I thought the catch-up provision only applied to the standard contribution limit and the total contribution max was the same no matter what age.

antarestar

  • 5 O'Clock Shadow
  • *
  • Posts: 59
Re: Overheard at Work
« Reply #14791 on: September 08, 2016, 02:22:59 PM »
Best potluck dish ever! I get asked for the recipe and requests to bring it. It tastes so much better than just 3 ingredients.

Cranberry Salad - aka super easy and special cranberry sauce.
2 cans whole berry cranberry
1 can mandarin oranges
1/2 cup toasted walnuts

A day or two before the potluck pour the cranberry in a large bowl and break it up. Stir in walnuts and then gently fold in mandarin oranges. Cover and put in fridge until mealtime.
Actually used this on Saturday. I just ate some of the leftovers. Love it!

Awesome!

Zx

  • Bristles
  • ***
  • Posts: 447
Re: Overheard at Work
« Reply #14792 on: September 08, 2016, 04:57:36 PM »
Put 10k per month into 401k. Do that for 5 years and you are through.
I like the idea, but he'd hit the federal limit on pre-tax 401k contributions for the year in month two...

He obviously wouldn't put 120k per year into 401k then. Nice catch.

Unless he's self employed. 53k under 50 years old, 59k over 50 yo as long as thats not more than 20% of the business' earnings.

I thought the catch-up provision only applied to the standard contribution limit and the total contribution max was the same no matter what age.

The over 50 crowd can put 24k yearly into 401k. He's making about 200k annually with the OT so I don't know what other tax shelter he could use. Is there anything else?

sirdoug007

  • Pencil Stache
  • ****
  • Posts: 587
  • Age: 40
  • Location: Houston, TX
Re: Overheard at Work
« Reply #14793 on: September 08, 2016, 07:12:13 PM »
I'm sure he thinks he is getting a great tax break on the interest on that $5000/mo mortgage payment!


Sent from my iPhone using Tapatalk

kayvent

  • Pencil Stache
  • ****
  • Posts: 633
  • Location: Canada
Re: Overheard at Work
« Reply #14794 on: September 08, 2016, 07:37:04 PM »
I'm sure he thinks he is getting a great tax break on the interest on that $5000/mo mortgage payment!


Sent from my iPhone using Tapatalk

Only if he itemizes. Most people don't.

dragoncar

  • Walrus Stache
  • *******
  • Posts: 9406
  • Registered member
Re: Overheard at Work
« Reply #14795 on: September 08, 2016, 10:23:53 PM »
I'm sure he thinks he is getting a great tax break on the interest on that $5000/mo mortgage payment!


Sent from my iPhone using Tapatalk

Only if he itemizes. Most people don't.

Everyone with a $5k mortgage does though. 

mtn

  • Handlebar Stache
  • *****
  • Posts: 1339
Re: Overheard at Work
« Reply #14796 on: September 09, 2016, 05:47:25 AM »
related to the foam: In college, I used to go and ask the pizza places (in person) for a pizza for delivery, and also asked to be delivered home with the pizza. Cheaper than the cab, and I got food.

I used to deliver pizzas, and if you asked any of our drivers to take you home with your pizza, I'm pretty sure you'd just get funny looks.*
That is, if the manager didn't overhear it, because it was against company policy to drive ANYONE around with you when delivering. Liability and whatnot.


*Unless you were a hot female, in which case it might work, if you did it behind the manager's back.

If you know the pizza place though, you're pretty good. And if you hand the driver a nice $10 bill and a slice of pizza.

MustachianAccountant

  • Bristles
  • ***
  • Posts: 433
  • Age: 42
Re: Overheard at Work
« Reply #14797 on: September 09, 2016, 07:49:27 AM »
related to the foam: In college, I used to go and ask the pizza places (in person) for a pizza for delivery, and also asked to be delivered home with the pizza. Cheaper than the cab, and I got food.

I used to deliver pizzas, and if you asked any of our drivers to take you home with your pizza, I'm pretty sure you'd just get funny looks.*
That is, if the manager didn't overhear it, because it was against company policy to drive ANYONE around with you when delivering. Liability and whatnot.


*Unless you were a hot female, in which case it might work, if you did it behind the manager's back.

If you know the pizza place though, you're pretty good. And if you hand the driver a nice $10 bill and a slice of pizza.

$10 would most likely get you in someone's car. I wouldn't care about the slice of pizza. Most people who work at pizza places get more than enough of that. Still would have to do it behind the manager's back. (Talking about a national chain. I suppose a local chain might be different)

Proud Foot

  • Handlebar Stache
  • *****
  • Posts: 1110
Re: Overheard at Work
« Reply #14798 on: September 09, 2016, 08:00:04 AM »
Put 10k per month into 401k. Do that for 5 years and you are through.
I like the idea, but he'd hit the federal limit on pre-tax 401k contributions for the year in month two...

He obviously wouldn't put 120k per year into 401k then. Nice catch.

Unless he's self employed. 53k under 50 years old, 59k over 50 yo as long as thats not more than 20% of the business' earnings.

I thought the catch-up provision only applied to the standard contribution limit and the total contribution max was the same no matter what age.

The over 50 crowd can put 24k yearly into 401k. He's making about 200k annually with the OT so I don't know what other tax shelter he could use. Is there anything else?

MrRealEstate, you are correct.  I looked it up to answer dagiffy1's question.

Dagiffy1, from the IRS website on retirement topics there are two limits, the limit on elective deferrals and the total contributions.

Quote
Total annual contributions (annual additions) to all of your accounts in plans maintained by one employer (and any related employer) are limited. The limit applies to the total of:
elective deferrals
employer matching contributions
employer nonelective contributions
allocations of forfeitures

The annual additions paid to a participantís account cannot exceed the lesser of:
100% of the participant's compensation, or

$53,000 ($59,000 including catch-up contributions) for 2015 and 2016.

I personally have never been part of a plan that allowed the nonelective deferrals, but there are several members who have said their plan does allow them.

Moonwaves

  • Handlebar Stache
  • *****
  • Posts: 1511
  • Location: Germany
    • My blog
Re: Overheard at Work
« Reply #14799 on: September 09, 2016, 12:33:57 PM »
Good: I heard a coworker talking about how he will save up long term for a certain financial goal.
Not so good: The current financial goal is a $2,000 puppy. I really wanted to ask more questions about why a $2k dog and not a pound puppy, but it wasn't a good setting to do so.
My boss was asking me the other day if I like dogs as she and her boyfriend are thinking of getting one she might occasionally need to bring it into the office (if boyfriend were away, otherwise he'd be able to be home regularly to take care of it and make sure it wasn't on its own too much) and she wanted to make sure I wouldn't mind. The question of buying purebred vs. getting a puppy from an animal shelter came up and she said that for a cat she would definitely get a rescue but for a dog, she'd be too nervous about potential behavioural problems either from uncertain breeding or whatever potentially traumatic situation the dog may have been rescued for. I'm not sure I agree with her on those points but that was her reasoning anyway.