Author Topic: Overheard at Work  (Read 10604464 times)

gimp

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Re: Overheard at Work
« Reply #15600 on: November 08, 2016, 10:47:27 PM »
Sounds like you should think a little more before you speak. An obvious change in phrasing would have served you well.

Ralph2

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Re: Overheard at Work
« Reply #15601 on: November 09, 2016, 04:36:07 AM »
Sounds like you should think a little more before you speak. An obvious change in phrasing would have served you well.

Change the phrasing, maybe. Others said worse than me.
We were on our fifth or so useless lecture in two weeks, work piling up and complaints coming in we were not meeting our targets. Most did not want to be there.
Most lost two whole days attending compulsory fun activities that week alone and there is team leader/building trips coming up in a week or so where most will be away for 2 - 3 days.

Add in a safety day that had nearly nothing to do with safety or what we do.

But we all got paid for a full week.

merula

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Re: Overheard at Work
« Reply #15602 on: November 09, 2016, 07:35:24 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!

MrRealEstate

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Re: Overheard at Work
« Reply #15603 on: November 09, 2016, 07:45:21 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

MgoSam

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Re: Overheard at Work
« Reply #15604 on: November 09, 2016, 08:15:57 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.

Or it sounds like a game of one-ups-manship. Like this scene in Deadpool (NSFW)

https://www.youtube.com/watch?v=87gPFUfvIsQ

BDWW

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Re: Overheard at Work
« Reply #15605 on: November 09, 2016, 09:12:02 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.

Well the trouble for a lot (most?) of these people is that they want to commit to these things and make no actual plan or adjustments to do it. Working til 90 to pay for tuition makes sense if you accept that you're not actually going to save anything beforehand. But you're committed, so you take out loans and somehow try to work paying them and the rest of your life out of working cashflow.


Chris22

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Re: Overheard at Work
« Reply #15606 on: November 09, 2016, 09:34:11 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.


I'm pretty sure 50%+ of the anti-mustachian forum is based off of mustachians taking flippant, throw-away comments from non-mustachians as serious, thought-out plans. 

TheGrimSqueaker

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Re: Overheard at Work
« Reply #15607 on: November 09, 2016, 10:22:46 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.


I'm pretty sure 50%+ of the anti-mustachian forum is based off of mustachians taking flippant, throw-away comments from non-mustachians as serious, thought-out plans.

And, 76% of all statistics are made up on the spot.

LeRainDrop

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Re: Overheard at Work
« Reply #15608 on: November 09, 2016, 10:24:49 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.


I'm pretty sure 50%+ of the anti-mustachian forum is based off of mustachians taking flippant, throw-away comments from non-mustachians as serious, thought-out plans.

And, 76% of all statistics are made up on the spot.

I heard it was more like 88%.

kayvent

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Re: Overheard at Work
« Reply #15609 on: November 09, 2016, 11:18:09 AM »
I heard it was more like 88%.
A boy at my daughter's daycare is always telling the other kids about crazy things he heard on the internet. Often borderline conspiracy theories. I explained to her that most of the stuff on the internet is wrong.

A few days after that I started a conversation "I was reading an article on the internet that said-". She glares at me. She then asks me to re-evaluate what I was going to say and decide whether I should say it or not.

LeRainDrop

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Re: Overheard at Work
« Reply #15610 on: November 09, 2016, 11:31:14 AM »
Love it, kayvent!

Chris22

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Re: Overheard at Work
« Reply #15611 on: November 09, 2016, 11:33:23 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.


I'm pretty sure 50%+ of the anti-mustachian forum is based off of mustachians taking flippant, throw-away comments from non-mustachians as serious, thought-out plans.

And, 76% of all statistics are made up on the spot.

The statistic is a throwaway, but tell me the sentiment is wrong.

frugalnacho

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Re: Overheard at Work
« Reply #15612 on: November 09, 2016, 11:50:07 AM »
I inadvertently got into a conversation about retirement dates at work yesterday.

Late 50s guy: I'm not going to be able to retire before 70.

Late 40s woman: 70 would be great! It's going to be 85 for me because my daughter wants to go to a private, out-of-state school for the arts.

Mid-30s guy: I'll be working until I'm 90. Law school debt isn't going away any time soon.

I sometimes feel behind the times since I didn't find MMM until I was 29, and most likely will be at least 40 by the time I retire. But hey, it sure beats 90!


Working 20 more years so she can pay for her daughters tuition? I sure hope that'd hyperbole.

Maybe they're buying her a million dollar house to stay in while she attends...

I feel like most people haven't actually run the numbers when they say stuff like this and they are just basing it off some crazy number in their head.


I'm pretty sure 50%+ of the anti-mustachian forum is based off of mustachians taking flippant, throw-away comments from non-mustachians as serious, thought-out plans.

And, 76% of all statistics are made up on the spot.

84% of people know that.

BuffaloStache

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Re: Overheard at Work
« Reply #15613 on: November 09, 2016, 10:04:32 PM »
Pretty sure that sentiment is spot on. heh

Maverick44

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Re: Overheard at Work
« Reply #15614 on: November 10, 2016, 07:55:07 AM »
Long Time lurker, first time posting. Finished all 320+ pages!

I have a coworker/friend whom I keep trying to reign in a bit on her spending but, she bought a brand new Camaro a couple of years ago and has added about $3,000 worth of upgrades since then.  In the end, that's fine if that's what she wants to spend her $ on but, she's always complaining that she has no $ while going out to lunch everyday, buying new clothes, TVs and car upgrades regularly.  I've shown her the math of what bringing her lunch can save her.  She said it sounded great but, hasn't changed anything about her habits...

On the positive side, she just paid off her student loans!! I told her congrats and got the following response over our work instant messenger:
"I want to buy something fancy or expensive. Retail therapy makes me feel better. Especially now that I no longer have student loans."

Went from happy for her to sad for her extremely quickly.

Donovan

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Re: Overheard at Work
« Reply #15615 on: November 10, 2016, 08:43:05 AM »

On the positive side, she just paid off her student loans!! I told her congrats and got the following response over our work instant messenger:
"I want to buy something fancy or expensive. Retail therapy makes me feel better. Especially now that I no longer have student loans."

Went from happy for her to sad for her extremely quickly.

Meh, I am absolutely doing this some day when we finish paying off my wife's massive loans. After years of pumping ~$3000/month into them, we've agreed that once they are dead we both get to use one of the next two months worth of 'payments' to buy whatever the hell we want. After years of this struggle, I'm sure it's gonna feel niiice.

Now, if the ups her spending every month to make up for the 'new' money, that is a different and much sadder story. Hopefully she doesn't.

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Re: Overheard at Work
« Reply #15616 on: November 10, 2016, 10:34:06 AM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

MgoSam

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Re: Overheard at Work
« Reply #15617 on: November 10, 2016, 12:32:14 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

TexasRunner

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Re: Overheard at Work
« Reply #15618 on: November 10, 2016, 12:47:33 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

Quote
For a windfall over $5000, you may get yourself one gourmet coffee or a Chipotle Burrito, but thatís about it.

http://www.mrmoneymustache.com/2013/09/20/wealth-advice-that-should-be-obvious/

MgoSam

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Re: Overheard at Work
« Reply #15619 on: November 10, 2016, 12:48:31 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

Quote
For a windfall over $5000, you may get yourself one gourmet coffee or a Chipotle Burrito, but thatís about it.

http://www.mrmoneymustache.com/2013/09/20/wealth-advice-that-should-be-obvious/

Nice I like it! I remember hearing something along these lines.

Kitsune

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Re: Overheard at Work
« Reply #15620 on: November 10, 2016, 12:51:37 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

Quote
For a windfall over $5000, you may get yourself one gourmet coffee or a Chipotle Burrito, but thatís about it.

http://www.mrmoneymustache.com/2013/09/20/wealth-advice-that-should-be-obvious/

Nice I like it! I remember hearing something along these lines.

I was gonna say that I thought that was really restrictive... but, realistically, if someone handed me 5K right now, I'd get the novel I've been wanting to read and stash the rest in savings. So... yeah.

To be fair: I'm 6 months pregnant and my husband just learn that he's getting laid off in 2 months, so I may be more savings-prone than usual. We'll be fine, but that doesn't mean it's time to throw money out the window.

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Re: Overheard at Work
« Reply #15621 on: November 10, 2016, 01:25:35 PM »
I'm a bit behind in this thread, so sorry if this OhaW story doesn't contribute to whatever the hell the current foam is.

I was hanging around playing poker with my boss and some co-workers before a training exercise one evening.  The discussion turned somehow turned into my boss razzing me about being such a cheapass for some of my behaviors (biking to work, older phone with no data, I drive an old car, all this even though my wife and I are DINKS, etc). 

"You probably have a massive pile of cash or something."
I didn't want to sound like a dick and just confirm as it was all in good fun, so I said, "Nah, I just blow it all on hookers and, of course, my massive gambling addiction."

Fast forward to some time later, I was sitting around with said boss and some of the same co-workers. This was during one of those times where the lottery was massive so everyone was playing (except for me... tightass).  To the one, they were all in agreement that if they won, they would immediately quit and walk out the door.  They came to the conclusion that $1MM would be enough.  I was the brunt of the joke that I would be the only one left running the office because I hadn't participated in the lottery with them (they went in together with the intent of sharing the winnings if anyone won).

I smiled to myself because, at the time, our stash was just shy of the magical $1MM they were throwing around as the freedom floor.

It was all in jest because we all had a good working relationship, but a bit sad that they knew the solution to freedom but basically wouldn't degrade themselves with not having the latest, shiniest stuff.  Oh well, all you can do is lead by example and let the chips fall where they may.  We all have our priorities.

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Re: Overheard at Work
« Reply #15622 on: November 10, 2016, 01:45:00 PM »
I'm a bit behind in this thread, so sorry if this OhaW story doesn't contribute to whatever the hell the current foam is.

I was hanging around playing poker with my boss and some co-workers before a training exercise one evening.  The discussion turned somehow turned into my boss razzing me about being such a cheapass for some of my behaviors (biking to work, older phone with no data, I drive an old car, all this even though my wife and I are DINKS, etc). 

"You probably have a massive pile of cash or something."
I didn't want to sound like a dick and just confirm as it was all in good fun, so I said, "Nah, I just blow it all on hookers and, of course, my massive gambling addiction."

Fast forward to some time later, I was sitting around with said boss and some of the same co-workers. This was during one of those times where the lottery was massive so everyone was playing (except for me... tightass).  To the one, they were all in agreement that if they won, they would immediately quit and walk out the door.  They came to the conclusion that $1MM would be enough.  I was the brunt of the joke that I would be the only one left running the office because I hadn't participated in the lottery with them (they went in together with the intent of sharing the winnings if anyone won).

I smiled to myself because, at the time, our stash was just shy of the magical $1MM they were throwing around as the freedom floor.

It was all in jest because we all had a good working relationship, but a bit sad that they knew the solution to freedom but basically wouldn't degrade themselves with not having the latest, shiniest stuff.  Oh well, all you can do is lead by example and let the chips fall where they may.  We all have our priorities.

I highly doubt I would have been able to show the same level of restraint... :)  "Ohhh, it only takes a million bucks?  I guess I'm out next month boss! [Silently Smirk]"

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Re: Overheard at Work
« Reply #15623 on: November 10, 2016, 02:24:37 PM »
I have a coworker who's constantly having money troubles. She and her husband are not high earners, and from what I gather they don't budget or communicate well about money, nor do they have joint accounts. She used to shop at Walmart once a day, to pick up anything she needed or just cheap stuff she wanted. Now her husband has been out of a job for a while so she has had to quit that habit. One day she told me she was depressed because her checking account only had $10 in it.

The latest problem, however, is medical bills. She made the mistake of not checking whether her spinal injections were in network or not, and they weren't. So now she owes just shy of $10,000 that she really can't afford. She's hoping to refinance her mortgage and roll that debt into it. I've tried giving helpful advice before, like suggesting areas they could cut expenses, but she has a reason why she can't make a sacrifice for any scenario.

I'm not really posting this to shame her bad decisions, because when I see her, I see someone who's been given a tough break and doesn't have the education or intelligence to always make the right decisions. And I don't like our whole in-network/out-of-network system anyway. Hearing her talk about her problems makes me realize how lucky I am, even if it's just being lucky enough to have the ability to make good choices. Sometimes I think about what her reaction would be if I told her that my husband and I have an excess of about 3 to 4,000 dollars each month after our bills are paid (which right now we are using to pay off student loans and save for a car). She probably wouldn't look at me the same again.

MgoSam

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Re: Overheard at Work
« Reply #15624 on: November 10, 2016, 02:29:17 PM »
I was the brunt of the joke that I would be the only one left running the office because I hadn't participated in the lottery with them (they went in together with the intent of sharing the winnings if anyone won).


My response would be, "I guess that means I'm getting a raise and a corner office."

It's been a while but if anyone in the office wanted to do an office pool, I probably would contribute mostly for the sake of camaraderie. A dollar or two isn't something I'm going to miss and it's not like they buy them ever, it's been 2 years that I can recall anyone mentioning wanting to buy them, but then again there's only 5 other people here. 

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Re: Overheard at Work
« Reply #15625 on: November 10, 2016, 03:05:46 PM »
Not directly relevant, but incredibly frustrating, and I need to vent somewhere:
-I need to get a yes or no on a project, and I need a tentative answer before tomorrow so I can tell the people I will or won't cooperate with if we should spend anymore time on this.
-my closest boss supports the project, and has taken it to her boss
-my boss' boss wants to postpone the decision until next year
-my boss' boss' boss wants a decision to be made, and has put it on the list of stuff that will be presented for the board this month. I know this only because his secretary asked me to proofread the agenda. The agenda has now been posted on the company webpage.
-I have told my boss that the project is on the agenda, but I don't know if she has reached her boss and informed her.
-tonight I got a mail from boss'boss that I should tell my partners tomorrow that the decision has been postponed. But it is still on the online agenda, and boss'boss did not mention this issue. There are also politicians involved in this, and the case can not simply be pulled if they have taken an interest.

:gaaah:

WildJager

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Re: Overheard at Work
« Reply #15626 on: November 10, 2016, 03:07:54 PM »
I was the brunt of the joke that I would be the only one left running the office because I hadn't participated in the lottery with them (they went in together with the intent of sharing the winnings if anyone won).


My response would be, "I guess that means I'm getting a raise and a corner office."

It's been a while but if anyone in the office wanted to do an office pool, I probably would contribute mostly for the sake of camaraderie. A dollar or two isn't something I'm going to miss and it's not like they buy them ever, it's been 2 years that I can recall anyone mentioning wanting to buy them, but then again there's only 5 other people here.

I contributed a token amount the first day they wanted to do it.  But this was like the third day in a row during the fervor last year when no one was winning and the dollar amounts were getting crazy (US, national powerball or whatever it's called).   

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Re: Overheard at Work
« Reply #15627 on: November 10, 2016, 05:48:39 PM »
They came to the conclusion that $1MM would be enough.

I'm shocked.  Most people think 10MM wouldn't be enough.

I think 1MM is enough for 40k at a 4% WR.

But with their apparent spend levels, I don't think 1MM would be enough for them.
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Re: Overheard at Work
« Reply #15628 on: November 10, 2016, 06:19:11 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

Quote
For a windfall over $5000, you may get yourself one gourmet coffee or a Chipotle Burrito, but thatís about it.

http://www.mrmoneymustache.com/2013/09/20/wealth-advice-that-should-be-obvious/

Nice I like it! I remember hearing something along these lines.

Fine, but I'm getting centuple guac

dragoncar

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Re: Overheard at Work
« Reply #15629 on: November 10, 2016, 06:21:22 PM »
They came to the conclusion that $1MM would be enough.

I'm shocked.  Most people think 10MM wouldn't be enough.

I think 1MM is enough for 40k at a 4% WR.

But with their apparent spend levels, I don't think 1MM would be enough for them.

Yeah, I was confused how 1 MM would be enough, but they wouldn't be able to lower their spending to the point where they could save 1 MM.  Then I realized, they are really thinking about FU money -- quit work, spend it all in 5 years, and then reapply.

nnls

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Re: Overheard at Work
« Reply #15630 on: November 10, 2016, 07:44:28 PM »
At after work drinks the other night one of the apprentices was complaining how hard it is to save money, about five minutes later a food order arrived for him of burger and chips, which he told me he orders most nights.

This is made worse by the fact our work supplies us free breakfast, lunch and dinner on days we work, but he said he didnt like any of the free food on offer so would rather pay $14 every night.

Sdsailing

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Re: Overheard at Work
« Reply #15631 on: November 10, 2016, 10:20:36 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I think he recently bought a brand new car, so the terms of the rule have apparently changed.

mustachepungoeshere

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Re: Overheard at Work
« Reply #15632 on: November 10, 2016, 11:35:12 PM »
Yeah, my husband has a job lined after graduation in June and our income will go up 133%. While I'm not looking to go crazy, we are excited to make some splurges as a celebration for getting through all this. Maybe that's not very mustachian of us, but I really don't care.

My stance on windfalls/raises is somewhere above MMM's "one burrito" rule but generally well below the sucka standard. Live a little, but don't live all at once. :D

I'm unfamiliar with this "one burrito" rule, would you be so kind as to let me know what it is.

Quote
For a windfall over $5000, you may get yourself one gourmet coffee or a Chipotle Burrito, but thatís about it.

http://www.mrmoneymustache.com/2013/09/20/wealth-advice-that-should-be-obvious/

Nice I like it! I remember hearing something along these lines.

My income went up 25 per cent when I started a new job last month. We celebrated with dinner at home, just splurged a little on ingredients.

My husband was disappointed he didn't "get to take" me out, but I was content. The new job just strengthened my sense of being comfortable in my own skin, and that means a low-fuss celebration. It's freeing.

Torran

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Re: Overheard at Work
« Reply #15633 on: November 11, 2016, 08:59:47 AM »
At work today, colleague saw I'd been shopping in M&S and asked if I'd spent over £35, because then 'you get to buy the advent calendar'.

They have this beauty advent calendar, and you have the 'privilege' of buying it for £35, once you've spent £35. So they are just doubling your spend. They claim this calendar is worth £250 (has 24 x beauty products inside). I think that is definitely BS.

I 'fessed up that I'd only spent £30 and couldn't get the advent calendar 'because I can't afford it'. (True, but also, why would anyone buy that...)

She looked at me like I was crazy. 'But you only needed to spend another fiver'. Like I'd just wasted such an opportunity.

TexasRunner

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Re: Overheard at Work
« Reply #15634 on: November 11, 2016, 09:04:26 AM »
She looked at me like I was crazy. 'But you only needed to spend another fiver'. Like I'd just wasted such an opportunity.

Sunk cost fallacy sucks doesn't it.  Nice when you no longer drink that coolaid.  :)

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Re: Overheard at Work
« Reply #15635 on: November 11, 2016, 09:26:20 AM »
At work today, colleague saw I'd been shopping in M&S and asked if I'd spent over £35, because then 'you get to buy the advent calendar'.

They have this beauty advent calendar, and you have the 'privilege' of buying it for £35, once you've spent £35. So they are just doubling your spend. They claim this calendar is worth £250 (has 24 x beauty products inside). I think that is definitely BS.

I 'fessed up that I'd only spent £30 and couldn't get the advent calendar 'because I can't afford it'. (True, but also, why would anyone buy that...)

She looked at me like I was crazy. 'But you only needed to spend another fiver'. Like I'd just wasted such an opportunity.

Can't she add? It seems to me you'd have had to spend at least another forty: the £35 for the cost of the item, plus the five more to qualify for the purchase, plus whatever taxes apply.

frugalnacho

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Re: Overheard at Work
« Reply #15636 on: November 11, 2016, 09:27:57 AM »
At work today, colleague saw I'd been shopping in M&S and asked if I'd spent over £35, because then 'you get to buy the advent calendar'.

They have this beauty advent calendar, and you have the 'privilege' of buying it for £35, once you've spent £35. So they are just doubling your spend. They claim this calendar is worth £250 (has 24 x beauty products inside). I think that is definitely BS.

I 'fessed up that I'd only spent £30 and couldn't get the advent calendar 'because I can't afford it'. (True, but also, why would anyone buy that...)

She looked at me like I was crazy. 'But you only needed to spend another fiver'. Like I'd just wasted such an opportunity.

Can't she add? It seems to me you'd have had to spend at least another forty: the £35 for the cost of the item, plus the five more to qualify for the purchase, plus whatever taxes apply.

Pff, if you are a total pleb and can be satisfied with only one.

TheGrimSqueaker

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Re: Overheard at Work
« Reply #15637 on: November 11, 2016, 09:34:32 AM »
At work today, colleague saw I'd been shopping in M&S and asked if I'd spent over £35, because then 'you get to buy the advent calendar'.

They have this beauty advent calendar, and you have the 'privilege' of buying it for £35, once you've spent £35. So they are just doubling your spend. They claim this calendar is worth £250 (has 24 x beauty products inside). I think that is definitely BS.

I 'fessed up that I'd only spent £30 and couldn't get the advent calendar 'because I can't afford it'. (True, but also, why would anyone buy that...)

She looked at me like I was crazy. 'But you only needed to spend another fiver'. Like I'd just wasted such an opportunity.

Can't she add? It seems to me you'd have had to spend at least another forty: the £35 for the cost of the item, plus the five more to qualify for the purchase, plus whatever taxes apply.

Pff, if you are a total pleb and can be satisfied with only one.

Which is why it's "at least" another forty.

KodeBlue

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Re: Overheard at Work
« Reply #15638 on: November 11, 2016, 10:39:21 AM »
The latest problem, however, is medical bills. She made the mistake of not checking whether her spinal injections were in network or not, and they weren't. So now she owes just shy of $10,000 that she really can't afford. She's hoping to refinance her mortgage and roll that debt into it. I've tried giving helpful advice before, like suggesting areas they could cut expenses, but she has a reason why she can't make a sacrifice for any scenario.
i work in a hospital and I see this so often. Pt's come in and don't know which hospitals thier insurance does and doesn't cover, what procedures they need pre-approval for etc.
Always make sure you are using in network providers and check if you need pre-approval for procedures or surgery.

Dollar Slice

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Re: Overheard at Work
« Reply #15639 on: November 11, 2016, 11:02:47 AM »
The latest problem, however, is medical bills. She made the mistake of not checking whether her spinal injections were in network or not, and they weren't. So now she owes just shy of $10,000 that she really can't afford. She's hoping to refinance her mortgage and roll that debt into it. I've tried giving helpful advice before, like suggesting areas they could cut expenses, but she has a reason why she can't make a sacrifice for any scenario.
i work in a hospital and I see this so often. Pt's come in and don't know which hospitals thier insurance does and doesn't cover, what procedures they need pre-approval for etc.
Always make sure you are using in network providers and check if you need pre-approval for procedures or surgery.

It sounds so easy when you say it like that, but the insurance companies make it difficult to figure out who is in network on purpose, knowing that if you screw up, they saved money. And then when they reject your claims, you don't know if you screwed up the difficult process or if they are just lying.

My insurance co's website lists thousands of doctors as "in network" that they won't pay for. They use different terminology to indicate which doctors are actually covered, and "in network" means something else. Don't tell me they didn't make that confusing on purpose! Almost everyone in my office has ended up with medical bills because the first time they needed some kind of urgent care they didn't realize "in network" meant "not really covered."

I don't blame anyone for making this kind of mistake. It just plain sucks that we have to pit ourselves against giant insurance companies and their lawyers and shareholders when we are desperate, hurting and sick.

frugalnacho

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Re: Overheard at Work
« Reply #15640 on: November 11, 2016, 11:22:09 AM »
The latest problem, however, is medical bills. She made the mistake of not checking whether her spinal injections were in network or not, and they weren't. So now she owes just shy of $10,000 that she really can't afford. She's hoping to refinance her mortgage and roll that debt into it. I've tried giving helpful advice before, like suggesting areas they could cut expenses, but she has a reason why she can't make a sacrifice for any scenario.
i work in a hospital and I see this so often. Pt's come in and don't know which hospitals thier insurance does and doesn't cover, what procedures they need pre-approval for etc.
Always make sure you are using in network providers and check if you need pre-approval for procedures or surgery.

It sounds so easy when you say it like that, but the insurance companies make it difficult to figure out who is in network on purpose, knowing that if you screw up, they saved money. And then when they reject your claims, you don't know if you screwed up the difficult process or if they are just lying.

My insurance co's website lists thousands of doctors as "in network" that they won't pay for. They use different terminology to indicate which doctors are actually covered, and "in network" means something else. Don't tell me they didn't make that confusing on purpose! Almost everyone in my office has ended up with medical bills because the first time they needed some kind of urgent care they didn't realize "in network" meant "not really covered."

I don't blame anyone for making this kind of mistake. It just plain sucks that we have to pit ourselves against giant insurance companies and their lawyers and shareholders when we are desperate, hurting and sick.

My wife recently had some dental work done, and we went round and round with the dentist office and the insurance company.  You would think it should be crystal clear exactly what is covered and under what circumstances it is covered, because after all they are just going to fill out the bill with medical codes and send it to the insurance company.  Some person at the insurance company is not going to get our bill, review the codes, and then just decide on a whim which ones are covered or not.  Granted I don't have any idea how the insurance industry actually works on a detailed level, but I cannot imagine they don't have it clearly defined which codes are covered and which codes are not for our particular plan. 

In the end the answer given to us was just have the procedures done and have the dentist submit the bill.  That was literally the only way to find out what portion the insurance company would cover.  They could not check without the actual bill being mailed to them after the procedure was done.  This was not an emergency surgery, so we spent several weeks trying to figure it out. 

Thankfully we are mustachian and have piles of cash saved up in the event they are needed for dental work or something similar, but it's frustrating as hell to deal with an insurance company and their incompetence.

UKMustache

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Re: Overheard at Work
« Reply #15641 on: November 11, 2016, 11:32:45 AM »
At work today, colleague saw I'd been shopping in M&S and asked if I'd spent over £35, because then 'you get to buy the advent calendar'.

They have this beauty advent calendar, and you have the 'privilege' of buying it for £35, once you've spent £35. So they are just doubling your spend. They claim this calendar is worth £250 (has 24 x beauty products inside). I think that is definitely BS.

I 'fessed up that I'd only spent £30 and couldn't get the advent calendar 'because I can't afford it'. (True, but also, why would anyone buy that...)

She looked at me like I was crazy. 'But you only needed to spend another fiver'. Like I'd just wasted such an opportunity.

Can't she add? It seems to me you'd have had to spend at least another forty: the £35 for the cost of the item, plus the five more to qualify for the purchase, plus whatever taxes apply.

To be fair it's not exactly mustachian but she's not being as much of a moron as you think. 
Those promotional advent deals can be a bargain but there's a marketing angle to it (my wife is works in purchasing in the cosmetics industry).

It has become fairly common practice in the last few years to sell those advent calendars with small jars of creams and lotions at near cost price in the run up to Christmas, the hope being that the customer likes the products and goes on to either
a) Treat themselves to full size products, because Christmas
b) Thinks of the full size products when family / friends ask them what they would like for Christmas

I can't remember the exact percentage but my wife did tell me that by selling a limited number last year they increased like for like sales of the full size products by a significant amount.

Torran

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Re: Overheard at Work
« Reply #15642 on: November 11, 2016, 12:39:33 PM »
At work today, colleague saw I'd been shopping in M&S and asked if I'd spent over £35, because then 'you get to buy the advent calendar'.

They have this beauty advent calendar, and you have the 'privilege' of buying it for £35, once you've spent £35. So they are just doubling your spend. They claim this calendar is worth £250 (has 24 x beauty products inside). I think that is definitely BS.

I 'fessed up that I'd only spent £30 and couldn't get the advent calendar 'because I can't afford it'. (True, but also, why would anyone buy that...)

She looked at me like I was crazy. 'But you only needed to spend another fiver'. Like I'd just wasted such an opportunity.

Can't she add? It seems to me you'd have had to spend at least another forty: the £35 for the cost of the item, plus the five more to qualify for the purchase, plus whatever taxes apply.

To be fair it's not exactly mustachian but she's not being as much of a moron as you think. 
Those promotional advent deals can be a bargain but there's a marketing angle to it (my wife is works in purchasing in the cosmetics industry).

It has become fairly common practice in the last few years to sell those advent calendars with small jars of creams and lotions at near cost price in the run up to Christmas, the hope being that the customer likes the products and goes on to either
a) Treat themselves to full size products, because Christmas
b) Thinks of the full size products when family / friends ask them what they would like for Christmas

I can't remember the exact percentage but my wife did tell me that by selling a limited number last year they increased like for like sales of the full size products by a significant amount.

Gotta say, from the point of view of the sellers, the beauty advent calendar is a clever idea. They are everywhere this year. They cost so much money and people seem to be going wild for them. Interesting you say that - hadn't thought of the increased sales elsewhere that they get from it. In terms of marketing, it's so savvy.

But yeah, she did seem to think it was only an extra fiver to get the 'chance' to buy the calendar - I think she was definitely considering the £35 spend on the calendar as somehow void or non-existent in her head. I mean, I used to drink the koolaid and I would probably have done the same about 4 years ago :)

dragoncar

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Re: Overheard at Work
« Reply #15643 on: November 11, 2016, 02:12:04 PM »
I saw a beer advent calendar at costco.  Now that is brilliant.

4alpacas

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Re: Overheard at Work
« Reply #15644 on: November 11, 2016, 03:01:26 PM »
I saw a beer advent calendar at costco.  Now that is brilliant.
I want one!

frugalnacho

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Re: Overheard at Work
« Reply #15645 on: November 11, 2016, 03:15:15 PM »
I saw a beer advent calendar at costco.  Now that is brilliant.
I want one!

only one? The mustachianism is strong in this one.

Linea_Norway

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Re: Overheard at Work
« Reply #15646 on: November 11, 2016, 03:27:05 PM »
Oh dear, colleague. I once had a young colleague who was telling us she had bought a car. It was quite a nice car and much more expensive than the cheapest option. She got a loan for the entire amount with only 2 percent rent. She felt great about it. This girl also still had debth from her study.

This same girl paid a lot for her fitness club. And spent a lot on other stuff. But sometimes had trouble having enough money to pay for her food.

She was also sharing her housing cost 50/50 with her boyfriend who earned a lot more than her. When I was young and my HB and I were not married and still had separate bank accounts, we used to share the cost based on our incomes. He paid 50% more than I did.

kayvent

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Re: Overheard at Work
« Reply #15647 on: November 11, 2016, 03:50:11 PM »
Oh dear, colleague. I once had a young colleague who was telling us she had bought a car. It was quite a nice car and much more expensive than the cheapest option. She got a loan for the entire amount with only 2 percent rent. She felt great about it. This girl also still had debth from her study.

This same girl paid a lot for her fitness club. And spent a lot on other stuff. But sometimes had trouble having enough money to pay for her food.

She was also sharing her housing cost 50/50 with her boyfriend who earned a lot more than her. When I was young and my HB and I were not married and still had separate bank accounts, we used to share the cost based on our incomes. He paid 50% more than I did.

This is why I hate men. The guy gets convenient sex and cheap housing along with other benefits I'm sure.

gimp

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Re: Overheard at Work
« Reply #15648 on: November 11, 2016, 04:38:25 PM »
Can't tell if you're trying to be funny.

Taran Wanderer

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Re: Overheard at Work
« Reply #15649 on: November 11, 2016, 06:27:59 PM »
Maybe she gets the benefits, if you know what I mean.