Author Topic: Overheard at Work  (Read 9230890 times)

Malaysia41

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Re: Overheard at Work
« Reply #7250 on: March 09, 2015, 06:26:48 PM »
I'm laughing at how much time and effort y'all are putting into arguing over mouse-nuts.  But I can't blame you.  Throw a bunch of financially literate engineering types a math problem and they can't help themselves!

Lord, I can't believe the CFO's comment about no one being able to retire before 62.  Surely that was tongue-in-cheek, no?

johnny847

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Re: Overheard at Work
« Reply #7251 on: March 09, 2015, 07:14:59 PM »
How is it very slightly bogus? And it's not even my pay scale. It's the federal government's.

Ha!  Still stuck in conflict mode, I see.

I meant the generic "you" not you in particular.   You, me, anyone with a biweekly check.  Your pay scale (our pay scales, any pay scales) are very slightly bogus because the annual dollar amount they claim to be paying you is based on a very long cycle of 26 pay periods in some years and 27 in others, and so they slightly underpay that amount in some years and slightly overpay in other years and you'd need to work many decades to have it all average out correctly with the leap years.

Ah gotcha.

I'm laughing at how much time and effort y'all are putting into arguing over mouse-nuts.  But I can't blame you.  Throw a bunch of financially literate engineering types a math problem and they can't help themselves!

Lord, I can't believe the CFO's comment about no one being able to retire before 62.  Surely that was tongue-in-cheek, no?

Haha I only brought it up because somebody, I've lost track of who now, claimed that a 26 paycheck cycle is better than a 24 paycheck cycle because you're getting paid more often and hence you can invest your money faster (time value of money). To which I countered that if you want to take into account this negligible increase, then you should also take into account the negligible increase in taxes over a 10-12 year cycle because of the occasional 27 paycheck year.

TheBuddha

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Re: Overheard at Work
« Reply #7252 on: March 09, 2015, 10:31:58 PM »
I'm laughing at how much time and effort y'all are putting into arguing over mouse-nuts.

+1

I've seen this same argument before on the forum, can't remember where. For all I know it could have been in this thread. It would be funny if this were a complete rehash of an argument a hundred pages back.

Cheddar Stacker

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Re: Overheard at Work
« Reply #7253 on: March 09, 2015, 11:32:41 PM »
Semimonthly is clearly better because stability and predictability are more important.

What? Regardless of if it is every 2 weeks or twice a month, the paycheck is stable and predictable, assuming your job is secure.

They are all just arguing about a very minute tax implication.

I was going for yearly stability.

Getting paid once/yr. on December 31 is also stable and predictable...  ;)

Stable and predictable sure, but suboptimal. You gotta frontload that shit man. Once/year on January 1 is the only way to go. Anything else is nonsense.

KodeBlue

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Re: Overheard at Work
« Reply #7254 on: March 10, 2015, 12:51:48 AM »
Weekly, biweekly pay checks... I don't think that even exists on our side of the Atlantic. At least I cannot think of anyone who isn't paid monthly for a regular job.... the US sure is a strange and wonderful land.


When I had my first little part time teen-aged job it was at a store (does anyone remember Woolco?) that paid us every Friday ....IN CASH! We'd get an envelope with our wages, including coins, in cash and tear off handwritten pay stub for tax returns. Only time I ever worked for a company that paid in cash. This was in 1975.
« Last Edit: March 10, 2015, 04:45:42 AM by KodeBlue »

LennStar

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Re: Overheard at Work
« Reply #7255 on: March 10, 2015, 05:04:15 AM »
I'm laughing at how much time and effort y'all are putting into arguing over mouse-nuts.  But I can't blame you.  Throw a bunch of financially literate engineering types a math problem and they can't help themselves!

Lord, I can't believe the CFO's comment about no one being able to retire before 62.  Surely that was tongue-in-cheek, no?
It certainly is a good problem for nerd sniping.

And I am quite sure it was already TWICE in this thread ^^

MishMash

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Re: Overheard at Work
« Reply #7256 on: March 10, 2015, 06:53:43 AM »
I'm laughing at how much time and effort y'all are putting into arguing over mouse-nuts.  But I can't blame you.  Throw a bunch of financially literate engineering types a math problem and they can't help themselves!

Lord, I can't believe the CFO's comment about no one being able to retire before 62.  Surely that was tongue-in-cheek, no?
It certainly is a good problem for nerd sniping.

And I am quite sure it was already TWICE in this thread ^^

I think you greatly underestimate the overgrown men children I work with, and the amount of scratch your head stupidity I see on a daily basis.  Just about every day something happens that makes me scratch my head and think I fell down the rabbit hole into an alternate reality.  You think it's people screwing with me, I can ASSURE you, beyond all realms of possibility that these people are THAT big of idiots most of the time, it's not a game, or being coy, they are just financial morons.

I didn't think people could be this stupid either, particularly people with financial backgrounds.  But we are talking about the same man who bought his wife a ridiculously expensive luxury car (complete with a 300 dollar bow) for Christmas and is now routinely complaining about being able to afford the payments, I assume part of this is because his house is about a 2.5 mill plus property in DC.   Oh, and our company has been so far in the red for 5 years that I'm surprised the doors are still open (he's only been here 2 of those years in all fairness). 

frugalnacho

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Re: Overheard at Work
« Reply #7257 on: March 10, 2015, 07:28:21 AM »
How is it very slightly bogus? And it's not even my pay scale. It's the federal government's.

Ha!  Still stuck in conflict mode, I see.

I meant the generic "you" not you in particular.   You, me, anyone with a biweekly check.  Your pay scale (our pay scales, any pay scales) are very slightly bogus because the annual dollar amount they claim to be paying you is based on a very long cycle of 26 pay periods in some years and 27 in others, and so they slightly underpay that amount in some years and slightly overpay in other years and you'd need to work many decades to have it all average out correctly with the leap years.

Are your salaries actually stated in annual terms?  The companies i've worked for have always defined in either hourly, or as salary but defined as biweekly.   So if you make $40k/yr your employment contract doesn't state $40k/yr, it would state $1,600 biweekly based on 80 hours.

EDIT: math error

arebelspy

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Re: Overheard at Work
« Reply #7258 on: March 10, 2015, 07:59:57 AM »
I'm 98% sure mine is in annual terms, but I also sign a one-year contract.
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rocksinmyhead

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Re: Overheard at Work
« Reply #7259 on: March 10, 2015, 08:02:14 AM »
How is it very slightly bogus? And it's not even my pay scale. It's the federal government's.

Ha!  Still stuck in conflict mode, I see.

I meant the generic "you" not you in particular.   You, me, anyone with a biweekly check.  Your pay scale (our pay scales, any pay scales) are very slightly bogus because the annual dollar amount they claim to be paying you is based on a very long cycle of 26 pay periods in some years and 27 in others, and so they slightly underpay that amount in some years and slightly overpay in other years and you'd need to work many decades to have it all average out correctly with the leap years.

Are your salaries actually stated in annual terms?  The companies i've worked for have always defined in either hourly, or as salary but defined as biweekly.   So if you make $40k/yr your employment contract doesn't state $40k/yr, it would state $1,600 biweekly based on 80 hours.

EDIT: math error

mine is stated annually. this is my first real adult job ever though so n=1

johnny847

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Re: Overheard at Work
« Reply #7260 on: March 10, 2015, 08:03:50 AM »
How is it very slightly bogus? And it's not even my pay scale. It's the federal government's.

Ha!  Still stuck in conflict mode, I see.

I meant the generic "you" not you in particular.   You, me, anyone with a biweekly check.  Your pay scale (our pay scales, any pay scales) are very slightly bogus because the annual dollar amount they claim to be paying you is based on a very long cycle of 26 pay periods in some years and 27 in others, and so they slightly underpay that amount in some years and slightly overpay in other years and you'd need to work many decades to have it all average out correctly with the leap years.

Are your salaries actually stated in annual terms?  The companies i've worked for have always defined in either hourly, or as salary but defined as biweekly.   So if you make $40k/yr your employment contract doesn't state $40k/yr, it would state $1,600 biweekly based on 80 hours.

EDIT: math error

The link I pulled the figure from cites salary in annual terms

Pooperman

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Re: Overheard at Work
« Reply #7261 on: March 10, 2015, 08:04:12 AM »
How is it very slightly bogus? And it's not even my pay scale. It's the federal government's.

Ha!  Still stuck in conflict mode, I see.

I meant the generic "you" not you in particular.   You, me, anyone with a biweekly check.  Your pay scale (our pay scales, any pay scales) are very slightly bogus because the annual dollar amount they claim to be paying you is based on a very long cycle of 26 pay periods in some years and 27 in others, and so they slightly underpay that amount in some years and slightly overpay in other years and you'd need to work many decades to have it all average out correctly with the leap years.

Are your salaries actually stated in annual terms?  The companies i've worked for have always defined in either hourly, or as salary but defined as biweekly.   So if you make $40k/yr your employment contract doesn't state $40k/yr, it would state $1,600 biweekly based on 80 hours.

EDIT: math error

mine is stated annually. this is my first real adult job ever though so n=1
n=2 (semi-monthly paycycle)

ShoulderThingThatGoesUp

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Re: Overheard at Work
« Reply #7262 on: March 10, 2015, 08:06:30 AM »
Mine is stated monthly, but we're paid biweekly. Makes no sense.

Rural

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Re: Overheard at Work
« Reply #7263 on: March 10, 2015, 08:34:14 AM »
Mine's by academic year, August- May.

sol

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Re: Overheard at Work
« Reply #7264 on: March 10, 2015, 08:55:03 AM »
The link I pulled the figure from cites salary in annual terms

I'm a federal employee, so the link johnny pulled from the OPM website is actually pretty close to my situation.  Federal salaries are usually listed annually and paid biweekly.

rocksinmyhead

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Re: Overheard at Work
« Reply #7265 on: March 10, 2015, 09:11:08 AM »
Mine is stated monthly, but we're paid biweekly. Makes no sense.

haha that is really unnecessarily confusing!

Avidconsumer

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Re: Overheard at Work
« Reply #7266 on: March 10, 2015, 09:19:12 AM »
The Earth revolves around the sun in 365.242199 days (365 days, 5 hours, 48 minutes, 46 seconds). Every 100 years, there is no leap year?(should be 128 years) Tax implications please? I need to know!

I have created this spreadsheet to workout your exact tax implications based on what century you were born in....
« Last Edit: March 10, 2015, 09:24:36 AM by Avidconsumer »

johnny847

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Re: Overheard at Work
« Reply #7267 on: March 10, 2015, 09:26:45 AM »
The Earth revolves around the sun in 365.242199 days (365 days, 5 hours, 48 minutes, 46 seconds). Every 100 years, there is no leap year?(should be 128 years) Tax implications please? I need to know!

I have created this spreadsheet to workout your exact tax implications based on what century you were born in....

Haha for fun you should look up leap seconds.

Avidconsumer

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Re: Overheard at Work
« Reply #7268 on: March 10, 2015, 09:50:10 AM »
In addition, I have taken into account that fact that an earth day is getting longer by 1.7 milliseconds per century.

rocketpj

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Re: Overheard at Work
« Reply #7269 on: March 10, 2015, 10:14:44 AM »
I am on a biweekly pay schedule, my wife is on a bimonthly. 

I personally prefer the biweekly because whatever happens over an 11 year cycle, I work roughly the same amount over a two week cycle.  We have our mortgage payments coming out biweekly, on the day I get paid - which means I put exactly zero thought into covering the mortgage (aside from all the other benefits of biweekly mortgage payments).  I get paid every second Thursday, all my savings transfers, mortgage payments, bills etc. get paid automatically on payday.  It is always a business day, and there are never any wacky delays.

The bimonthly pay schedule is necessarily more randomized.  Often the 15th or 30th/31st/28th are on a weekend or long weekend, which means the pay goes in a day or two earlier than expected.  Sometimes the cheque is smaller because of the way her weeks work out, sometimes it is much bigger (e.g. in February her cheques are necessarily a bit smaller).  Less predictable in terms of dates, amounts and regularity.

Ultimately for someone who is a mustachian it doesn`t matter too much - one should have enough set aside that a few hundred dollars or a couple day variation in pay schedule won`t cause a problem.  However, we tend to save fairly aggressively and the variations mean that I can`t quite automate it all - I need to tweak the savings/mortgage reductions and other amounts up or down every couple of weeks based on whatever happens. 

It is a minor inconvenience, and really the kind of problem most people would love to have (DW is paid very well).  It just keeps me more involved in our monthly finances than I'd like to be (automated megasavings=good).  I guess that would be more of a 'mustachian people problems issue', but for the rest of the planet, two or three day variations in payday and amounts can be problematic - it was for me back in my 20s for sure.


Bigote

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Re: Overheard at Work
« Reply #7270 on: March 10, 2015, 10:31:20 AM »
When I had my first little part time teen-aged job it was at a store (does anyone remember Woolco?) that paid us every Friday ....IN CASH! We'd get an envelope with our wages, including coins, in cash and tear off handwritten pay stub for tax returns. Only time I ever worked for a company that paid in cash. This was in 1975.

I remember them!   And I worked for Kinney Shoes as my first job, which was owned by the same parent company (F.W. Woolworth).   We also got paid in cash every week.   The store was small enough that I got to see how it worked - the manager had a ledger where he multiplied people's hours by their rate, added in commission as appropriate.    All with pencil.   Then he paid us out of the drawer on Friday.    Back then there were enough cash purchases for it not to be an issue.  This was 1984-5.

johnny847

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Re: Overheard at Work
« Reply #7271 on: March 10, 2015, 10:37:38 AM »
I am on a biweekly pay schedule, my wife is on a bimonthly. 


You mean semi monthly. Bimonthly would mean your wife gets paid once every two months ;)

Cookie78

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Re: Overheard at Work
« Reply #7272 on: March 10, 2015, 10:39:13 AM »
When I had my first little part time teen-aged job it was at a store (does anyone remember Woolco?) that paid us every Friday ....IN CASH! We'd get an envelope with our wages, including coins, in cash and tear off handwritten pay stub for tax returns. Only time I ever worked for a company that paid in cash. This was in 1975.

I remember them!   And I worked for Kinney Shoes as my first job, which was owned by the same parent company (F.W. Woolworth).   We also got paid in cash every week.   The store was small enough that I got to see how it worked - the manager had a ledger where he multiplied people's hours by their rate, added in commission as appropriate.    All with pencil.   Then he paid us out of the drawer on Friday.    Back then there were enough cash purchases for it not to be an issue.  This was 1984-5.

I got paid weekly in cash once too, when I worked for a summer in Drumnadrochit, Scotland (touristy Lochness monster town). It was in 2002. We didn't get paid very much, but we got free room and board also.

Pooperman

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Re: Overheard at Work
« Reply #7273 on: March 10, 2015, 10:44:13 AM »
I am on a biweekly pay schedule, my wife is on a bimonthly. 


You mean semi monthly. Bimonthly would mean your wife gets paid once every two months ;)

This has already been discussed at length.

dycker1978

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Re: Overheard at Work
« Reply #7274 on: March 10, 2015, 10:44:41 AM »
I am on a biweekly pay schedule, my wife is on a bimonthly. 


You mean semi monthly. Bimonthly would mean your wife gets paid once every two months ;)

It means both, we have had this discussion once before ;)

http://www.oxforddictionaries.com/words/does-bimonthly-mean-twice-a-month-or-every-two-months

frugalnacho

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Re: Overheard at Work
« Reply #7275 on: March 10, 2015, 10:55:56 AM »
I am on a biweekly pay schedule, my wife is on a bimonthly. 


You mean semi monthly. Bimonthly would mean your wife gets paid once every two months ;)

It means both, we have had this discussion once before ;)

http://www.oxforddictionaries.com/words/does-bimonthly-mean-twice-a-month-or-every-two-months

I think we had that discussion in this thread.  I still think it's stupid.  I think it's especially confusing when the bi prefix is used to mean every 2 periods, and also twice per period, within the same sentence.

Pooperman

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Re: Overheard at Work
« Reply #7276 on: March 10, 2015, 10:58:34 AM »
I am on a biweekly pay schedule, my wife is on a bimonthly. 


You mean semi monthly. Bimonthly would mean your wife gets paid once every two months ;)

It means both, we have had this discussion once before ;)

http://www.oxforddictionaries.com/words/does-bimonthly-mean-twice-a-month-or-every-two-months

I think we had that discussion in this thread.  I still think it's stupid.  I think it's especially confusing when the bi prefix is used to mean every 2 periods, and also twice per period, within the same sentence.

Colloquially, they are identical. Semantically, semi means half, bi means 2, so they aren't. Again, like you nacho said, this has been discussed at length (2+ pages) in this thread.

Cheddar Stacker

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Re: Overheard at Work
« Reply #7277 on: March 10, 2015, 11:25:56 AM »
Is it ok to refer to bi-sexual as semi-sexual?

rocketpj

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Re: Overheard at Work
« Reply #7278 on: March 10, 2015, 11:36:41 AM »
I am on a biweekly pay schedule, my wife is on a bimonthly. 


You mean semi monthly. Bimonthly would mean your wife gets paid once every two months ;)

Seriously?  ~800 words and that is what you focus on?

KCM5

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Re: Overheard at Work
« Reply #7279 on: March 10, 2015, 11:42:27 AM »
When I had my first little part time teen-aged job it was at a store (does anyone remember Woolco?) that paid us every Friday ....IN CASH! We'd get an envelope with our wages, including coins, in cash and tear off handwritten pay stub for tax returns. Only time I ever worked for a company that paid in cash. This was in 1975.

I remember them!   And I worked for Kinney Shoes as my first job, which was owned by the same parent company (F.W. Woolworth).   We also got paid in cash every week.   The store was small enough that I got to see how it worked - the manager had a ledger where he multiplied people's hours by their rate, added in commission as appropriate.    All with pencil.   Then he paid us out of the drawer on Friday.    Back then there were enough cash purchases for it not to be an issue.  This was 1984-5.

I got paid weekly in cash once too, when I worked for a summer in Drumnadrochit, Scotland (touristy Lochness monster town). It was in 2002. We didn't get paid very much, but we got free room and board also.

I got paid weekly in cash in Scotland, too! It was so weird. It was not that long ago - 2008. It was exactly as described: a small manila envelope with cash and coins. This was a touristy pub in Edinburgh that only took cash, no cards or checks although I don't remember the check part ever being an issue.

johnny847

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Re: Overheard at Work
« Reply #7280 on: March 10, 2015, 12:54:14 PM »
I am on a biweekly pay schedule, my wife is on a bimonthly. 


You mean semi monthly. Bimonthly would mean your wife gets paid once every two months ;)

Seriously?  ~800 words and that is what you focus on?

Yup.



I'm with Pooperman on this one. As Cheddar Stacker noted, we don't say semi-sexual. Nor does semicircle mean two circles.

Colloquially, they are identical. Semantically, semi means half, bi means 2, so they aren't. Again, like you nacho said, this has been discussed at length (2+ pages) in this thread.

dycker1978

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Re: Overheard at Work
« Reply #7281 on: March 10, 2015, 01:13:45 PM »
I am on a biweekly pay schedule, my wife is on a bimonthly. 


You mean semi monthly. Bimonthly would mean your wife gets paid once every two months ;)

Seriously?  ~800 words and that is what you focus on?

Yup.



I'm with Pooperman on this one. As Cheddar Stacker noted, we don't say semi-sexual. Nor does semicircle mean two circles.

Colloquially, they are identical. Semantically, semi means half, bi means 2, so they aren't. Again, like you nacho said, this has been discussed at length (2+ pages) in this thread.

LOL this thread might be getting watered down.  Now we are having the same argument twice.

still lots of fun though

Cheddar Stacker

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Re: Overheard at Work
« Reply #7282 on: March 10, 2015, 01:23:08 PM »
As Cheddar Stacker noted, we don't say semi-sexual. Nor does semicircle mean two circles.

So you're saying it doesn't "go both ways". Got it.

Edit: fixed it for you johnny.
« Last Edit: March 10, 2015, 02:08:16 PM by Cheddar Stacker »

johnny847

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Re: Overheard at Work
« Reply #7283 on: March 10, 2015, 01:37:23 PM »
As Cheddar Stacker noted, we don't say semi-sexual. Nor does semicircle mean two circles.

So you're saying it doesn't "go both ways". Got it.

Looks like you edited the quotes incorrectly there.

MrMoogle

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Re: Overheard at Work
« Reply #7284 on: March 10, 2015, 02:31:45 PM »
The Earth revolves around the sun in 365.242199 days (365 days, 5 hours, 48 minutes, 46 seconds). Every 100 years, there is no leap year?(should be 128 years) Tax implications please? I need to know!

I have created this spreadsheet to workout your exact tax implications based on what century you were born in....

Years divisible by 100 don't  have leap years except if they are divisible by 400, then they do:
http://en.wikipedia.org/wiki/Leap_year
This gets you to 365.2425.  Now we're only 0.0003 days off.

Sibley

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Re: Overheard at Work
« Reply #7285 on: March 10, 2015, 02:37:18 PM »
Thanks for the laughs about pay frequency.

Back on topic:

CW1: We're buying a new house! It's a the top of the budget, but [husband] says its fine.
CW2: that's great, what's it like?
CW1: [blah blah], and it news a new roof, there's water damage in the attic.
CW2: Oh, are you going to get the price reduced for it?
CW1: No, why?

I'm wincing.

dragoncar

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Re: Overheard at Work
« Reply #7286 on: March 10, 2015, 05:19:12 PM »

Colloquially, they are identical. Semantically, semi means half, bi means 2, so they aren't.

Intrinsically, semi means half.  But inherently, bi means 2.

Travis

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Re: Overheard at Work
« Reply #7287 on: March 10, 2015, 05:32:58 PM »

Colloquially, they are identical. Semantically, semi means half, bi means 2, so they aren't.

Intrinsically, semi means half.  But inherently, bi means 2.

Are we starting an adverb war now?

Bigote

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Re: Overheard at Work
« Reply #7288 on: March 10, 2015, 05:51:32 PM »
Again, like you nacho said, this has been discussed at length (2+ pages) in this thread.

You mean we had a bi-page discussion about it?

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Re: Overheard at Work
« Reply #7289 on: March 10, 2015, 06:34:37 PM »
The Earth revolves around the sun in 365.242199 days (365 days, 5 hours, 48 minutes, 46 seconds). Every 100 years, there is no leap year?(should be 128 years) Tax implications please? I need to know!

I have created this spreadsheet to workout your exact tax implications based on what century you were born in....

Bi weekly pay periods occasionally have a year of 27 pay periods. This could disqualify people from needs tested programs or screw up deductions if the employer isn't on it.


civil

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Re: Overheard at Work
« Reply #7290 on: March 10, 2015, 06:40:03 PM »
CW bought a house!
This is the best I can remember:

CW: we were supposed to get the house this week, but the loan guy says we need to bring 13 thousand dollars to closing. That's ridiculous!!!
me: that doesn't sound too bad. Your house is about the same price as mine was.
CW: how much did you have to give them in closing?
me: 11 grand.
CW: see? 13 is crazy!
me: it seems ballpark right. And remember, my loan was smaller than yours.
CW: no, our house is less than yours [his is 284k, mine was 292k]
me: but your loan is larger [he is putting 0% down] and I'm not totally sure, but I think some of the closing costs are based on the loan size. like, you're supposed to estimate closing costs as a percentage of the loan.
CW: no, our house is less than yours.
me: but you are putting less down. I put 25 thousand down, so I actually showed up to closing with a cashier's check for 36 thousand dollars, and I got a loan for 267 thousand. If you don't have a down payment, your loan will be larger.
CW: we did have a down payment! We gave them 5 thousand so we got first dibs on the house.
me: that sounds more like earnest money? A down payment makes your loan smaller, because you're giving the seller some of the price directly so you don't have to borrow as much from the bank.
CW: that's not how down payments work. They don't affect the amount of the loan.
me: um...
CW: oh, and they're saying we have to bring more now because of taking my name off the loan [his credit wasn't great]
me: well, yeah, it's not a VA loan anymore.
CW: the VA loan doesn't have anything to do with it!
me: ...ok.
CW: did you really have to pay 36 thousand?? how do you get that much money?!!
me: I saved it for a down payment! You know, if you don't have enough money to close on the house, your real estate agent can probably find a way out for you, it's not the end of the world.
CW: we'll get it from [wife's] parents, they always have money. Don't use this loan company, they're ridiculous.


He called me four times last week to have this same conversation. I am just waiting for the day CW uses an online amortization calculator, doesn't understand that the calculator shows only his P+I, and thinks the loan servicer is fleecing him with the escrow payments.

dragoncar

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Re: Overheard at Work
« Reply #7291 on: March 10, 2015, 06:50:29 PM »
Again, like you nacho said, this has been discussed at length (2+ pages) in this thread.

You mean we had a bi-page discussion about it?

This thread is giving me a semi.

ender

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Re: Overheard at Work
« Reply #7292 on: March 10, 2015, 08:34:33 PM »
CW bought a house!
This is the best I can remember:

...

He called me four times last week to have this same conversation. I am just waiting for the day CW uses an online amortization calculator, doesn't understand that the calculator shows only his P+I, and thinks the loan servicer is fleecing him with the escrow payments.

This made me first laugh, then cry a little. DW and I have somewhat seriously talked about buying our first home in cash - I'm sure I'd end up with only a few golden work conversations for this thread if I did that haha.

civil

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Re: Overheard at Work
« Reply #7293 on: March 11, 2015, 05:53:16 AM »
CW bought a house!
This is the best I can remember:

...

He called me four times last week to have this same conversation. I am just waiting for the day CW uses an online amortization calculator, doesn't understand that the calculator shows only his P+I, and thinks the loan servicer is fleecing him with the escrow payments.

This made me first laugh, then cry a little. DW and I have somewhat seriously talked about buying our first home in cash - I'm sure I'd end up with only a few golden work conversations for this thread if I did that haha.

Oh, and he is PISSED that his monthly payment will be higher than mine. On a larger loan, in a county with higher taxes. D'oh!

I'm a red panda

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Re: Overheard at Work
« Reply #7294 on: March 11, 2015, 06:54:23 AM »

Are your salaries actually stated in annual terms?  The companies i've worked for have always defined in either hourly, or as salary but defined as biweekly.   So if you make $40k/yr your employment contract doesn't state $40k/yr, it would state $1,600 biweekly based on 80 hours.

EDIT: math error

Mine is stated yearly. 

I looked it up, I get paid twice a month, not biweekly.

rocksinmyhead

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Re: Overheard at Work
« Reply #7295 on: March 11, 2015, 07:22:57 AM »
CW bought a house!
This is the best I can remember:

...

He called me four times last week to have this same conversation. I am just waiting for the day CW uses an online amortization calculator, doesn't understand that the calculator shows only his P+I, and thinks the loan servicer is fleecing him with the escrow payments.

This made me first laugh, then cry a little. DW and I have somewhat seriously talked about buying our first home in cash - I'm sure I'd end up with only a few golden work conversations for this thread if I did that haha.

Oh, and he is PISSED that his monthly payment will be higher than mine. On a larger loan, in a county with higher taxes. D'oh!

oh my god. that conversation... I don't even know how to react. can you believe they seriously give loans of hundreds of thousands of dollars to people whose lack of understanding is SO complete?!?

dude

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Re: Overheard at Work
« Reply #7296 on: March 11, 2015, 08:12:25 AM »
How is it very slightly bogus? And it's not even my pay scale. It's the federal government's.

Ha!  Still stuck in conflict mode, I see.

I meant the generic "you" not you in particular.   You, me, anyone with a biweekly check.  Your pay scale (our pay scales, any pay scales) are very slightly bogus because the annual dollar amount they claim to be paying you is based on a very long cycle of 26 pay periods in some years and 27 in others, and so they slightly underpay that amount in some years and slightly overpay in other years and you'd need to work many decades to have it all average out correctly with the leap years.

Hmm, I never knew why it was the case that I've never actually made what my Fed salary says I make in any given year!  Now I get it.  The bastards . . .

Psychstache

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Re: Overheard at Work
« Reply #7297 on: March 11, 2015, 08:37:14 AM »
Again, like you nacho said, this has been discussed at length (2+ pages) in this thread.

You mean we had a bi-page discussion about it?

If a plane had a bi-black box, would it be black and orange?

Grimm

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Re: Overheard at Work
« Reply #7298 on: March 11, 2015, 09:06:46 AM »
Is it ok to refer to bi-sexual as semi-sexual?

After they are married for a few years -
both of these posts didn't get nearly enough love

Adventine

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Re: Overheard at Work
« Reply #7299 on: March 11, 2015, 09:24:02 AM »
Again, like you nacho said, this has been discussed at length (2+ pages) in this thread.

You mean we had a bi-page discussion about it?

If a plane had a bi-black box, would it be black and orange?

You've got it all wrong. The box is semi-black and semi-blue. No, I mean, it's bi-white and bi-gold!