Overheard on Facebook

[tallen]

I don't even know what the #s mean.  I assume it has something to do with Twitter.

The "#" is what they call a "hashtag", it makes what's after it into a searchable link. I wouldn't mind it if it stayed online but I can't stand that it's made its way into offline advertising too, now you can't even listen to the radio without hearing "hashtag this and hashtag that".  However I do like to see peoples expressions when I say "Hashtag? Don't you mean pound sign?" ;)

[nobodyspecial]

However I do like to see peoples expressions when I say "Hashtag? Don't you mean pound sign?" ;)

octothorpe for the pedants amongst us

[zolotiyeruki]

However I do like to see peoples expressions when I say "Hashtag? Don't you mean pound sign?" ;)

octothorpe for the pedants amongst us

And for the linux guys, it's the "sh" part of "shbang" (#!)

[theadvicist]

No one is going to be like "those damn Virginians" if I walk up to someone and assume they speak english while I am in Denver.  If I am hungry I can pull out my phone and find a pannara, no crazy roaming or data charges and I can read the menu. 

FWIW I wasn't talking about locals complaining about visitors a la "those damn Virginians", I was commenting on Westerners getting annoyed at locals not speaking English. So I don't think you were the kind of tourist I was taking a shot at :)

If you don't like travel, you don't like it. Nothing wrong with that. Better to know you find it tiring to adjust to the locale and prefer to stay home, than go anyway, and rail against it.

[Pooperman]

I don't even know what the #s mean.  I assume it has something to do with Twitter.

The "#" is what they call a "hashtag", it makes what's after it into a searchable link. I wouldn't mind it if it stayed online but I can't stand that it's made its way into offline advertising too, now you can't even listen to the radio without hearing "hashtag this and hashtag that".  However I do like to see peoples expressions when I say "Hashtag? Don't you mean pound sign?" ;)

The # is a hash, meaning a table of sorts (computer terminology). The tag is the clickable link afterwards. Hashtag. Anyways, the # can also be the pound sign, or as a stand in for number. You can ever play tic-tax-toe on it.

[HairyUpperLip]

No foam in this thread? Let's discuss all the possible uses of hashtags and all share our general attitude towards them.

#sike

[Pooperman]

Saw something on facebook this morning that needs posting here. Background: person lives with parents, is perpetually broke, and is negative in the bank account most of the time due to overdrafts. Person posts video about being broke 3 days after pay day because of making it rain. Yeah...

[TheGrimSqueaker]

Saw something on facebook this morning that needs posting here. Background: person lives with parents, is perpetually broke, and is negative in the bank account most of the time due to overdrafts. Person posts video about being broke 3 days after pay day because of making it rain. Yeah...

I'm visualizing myself as a curmudgeonly parent: "You want to make it rain, son? Great: here's a watering can and a hose. Go water the garden and be useful. See now? You're making it rain for all those thirsty little onions."

How in the world did throwing large amounts of money into the air at a strip club ever enter the popular lexicon in the first place?

[RFAAOATB]

How in the world did throwing large amounts of money into the air at a strip club ever enter the popular lexicon in the first place?

Everybody wanna be baller.  As the average person gets a higher standard of living, Wanton luxury has to go to new heights to get noticed.

[MgoSam]

How in the world did throwing large amounts of money into the air at a strip club ever enter the popular lexicon in the first place?

Everybody wanna be baller.  As the average person gets a higher standard of living, Wanton luxury has to go to new heights to get noticed.

Though it isn't how I would spend my money, I can understand for someone with significant financial means that it might not be a huge amount of their personal wealth to "make it rain." What kills me is that things like this are somewhat prestigious among certain circles that I can imagine someone that is barely making ends meet might go out and do this if they suddenly got a windfall. Afterwards they would be back to where they started, or perhaps even worse off.

I know a few people that are living paycheck to paycheck, and as soon as they given some cash or a gift, they will go out and splurge it because they "deserve it."

[jinga nation]

Saw something on facebook this morning that needs posting here. Background: person lives with parents, is perpetually broke, and is negative in the bank account most of the time due to overdrafts. Person posts video about being broke 3 days after pay day because of making it rain. Yeah...

I'm visualizing myself as a curmudgeonly parent: "You want to make it rain, son? Great: here's a watering can and a hose. Go water the garden and be useful. See now? You're making it rain for all those thirsty little onions."

How in the world did throwing large amounts of money into the air at a strip club ever enter the popular lexicon in the first place?

It's raining tuition money, that's what she said.

[Taran Wanderer]

On a family vacation this summer, we played a new dice game.  8 people, $3 each in $1 bills.  I won.  The people and the game and the evening were so much fun, I tossed the $24 and it rained money for a couple of seconds.  It was great!  If you ever get a chance, I highly recommend it.  If you want to recover those dollars, I suggest doing it in the privacy of your own living room, though...

[Pooperman]

On a family vacation this summer, we played a new dice game.  8 people, $3 each in $1 bills.  I won.  The people and the game and the evening were so much fun, I tossed the $24 and it rained money for a couple of seconds.  It was great!  If you ever get a chance, I highly recommend it.  If you want to recover those dollars, I suggest doing it in the privacy of your own living room, though...

Wife and I did it after we got married. Took all the cash we got and made it rain haha. It can be satisfying if you're not wasting the money :).

[HairyUpperLip]

I'm visualizing myself as a curmudgeonly parent: "You want to make it rain, son? Great: here's a watering can and a hose. Go water the garden and be useful. See now? You're making it rain for all those thirsty little onions."

Before you do this, please leave some garden tools out -

Then you can say the following without being degrading -

" See now? You're making it rain for all those thirsty little hoes."

[dorothyc]

I'm visualizing myself as a curmudgeonly parent: "You want to make it rain, son? Great: here's a watering can and a hose. Go water the garden and be useful. See now? You're making it rain for all those thirsty little onions."

Before you do this, please leave some garden tools out -

Then you can say the following without being degrading -

" See now? You're making it rain for all those thirsty little hoes."

Reminds me of the Jeopardy clue, a long handled gardening tool that also means an immoral pleasure seeker. The question they were looking for was "What is a rake?"

[GuitarStv]

On a family vacation this summer, we played a new dice game.  8 people, $3 each in $1 bills.  I won.  The people and the game and the evening were so much fun, I tossed the $24 and it rained money for a couple of seconds.  It was great!  If you ever get a chance, I highly recommend it.  If you want to recover those dollars, I suggest doing it in the privacy of your own living room, though...

Wife and I did it after we got married. Took all the cash we got and made it rain haha. It can be satisfying if you're not wasting the money :).

I tried making it rain with twenty four dollars of Canadian 1$ coins once.  It was sort of painful and noisy.

[RetiredAt63]

Big heavy noisy gold rain drops.  Loons flying.  Fun. 

Do it with toonies and see polar bears fly  ;-)

I tried making it rain with twenty four dollars of Canadian 1$ coins once.  It was sort of painful and noisy.

[cerebus]

I'm visualizing myself as a curmudgeonly parent: "You want to make it rain, son? Great: here's a watering can and a hose. Go water the garden and be useful. See now? You're making it rain for all those thirsty little onions."

Before you do this, please leave some garden tools out -

Then you can say the following without being degrading -

" See now? You're making it rain for all those thirsty little hoes."

Reminds me of the Jeopardy clue, a long handled gardening tool that also means an immoral pleasure seeker. The question they were looking for was "What is a rake?"

ho ho ho ho ho...

[zephyr911]

I tried making it rain with twenty four dollars of Canadian 1$ coins once.  It was sort of painful and noisy.

We actually call that "making it hail". It can be hilarious in the right context....

[TheGrimSqueaker]

I tried making it rain with twenty four dollars of Canadian 1$ coins once.  It was sort of painful and noisy.

We actually call that "making it hail". It can be hilarious in the right context....

Most likely I'm critically out of touch with pop culture.

The first time I heard someone mention being out a lot of money due to "making it rain" in a strip club I thought he'd set a bottle of brandy on fire so that the sprinklers would go off, resulting in an instant wet T-shirt contest, if there were any T-shirts present which I doubt. Now that would be expensive.

I propose an experiment. Let's try to see if we can set a new standard in conspicuous attention seeking over-consumption: if there's enough of a buzz on social media I bet some idiot will do it.

[ms]

A high school friend recently passed the bar exam which she proudly posted on Facebook. She's turning 40 this year and so a few years back she quit her job and became a full time student in a city 5 hours away for law school. She's currently a single mom, living at home and going through a divorce. Saying that the financial situation is not that great is an understatement.

I met up with her for coffee and we were discussing her job prospects.

She said: Honestly, I'm not sure I even want to stay in this profession.

:/

Me: *** head spinning ***

[RFAAOATB]

I propose an experiment. Let's try to see if we can set a new standard in conspicuous attention seeking over-consumption: if there's enough of a buzz on social media I bet some idiot will do it.

Get a parade/protest permit for Times Square.  Fence off the streets from the sidewalk.  Have builders move ornate furniture in the middle of the street so you and your crew can recline in the middle of the world and chill while everyone else has to change plans for the day.  Bonus if you can get some kicked out of Brooklyn via gentrification bums to serve you drinks.

Basically shut down a good part of the city just so they can notice how sweet it is you got that cash.

Just had that idea today.  How much would that cost?

[justajane]

A high school friend recently passed the bar exam which she proudly posted on Facebook. She's turning 40 this year and so a few years back she quit her job and became a full time student in a city 5 hours away for law school. She's currently a single mom, living at home and going through a divorce. Saying that the financial situation is not that great is an understatement.

I met up with her for coffee and we were discussing her job prospects.

She said: Honestly, I'm not sure I even want to stay in this profession.

:/

Me: *** head spinning ***

What's the average debt for law school these days? 100K? The cavalier attitude people displays towards more and more student loan debt, even on here sometimes, is mind boggling to me.

[DeepEllumStache]

A high school friend recently passed the bar exam which she proudly posted on Facebook. She's turning 40 this year and so a few years back she quit her job and became a full time student in a city 5 hours away for law school. She's currently a single mom, living at home and going through a divorce. Saying that the financial situation is not that great is an understatement.

I met up with her for coffee and we were discussing her job prospects.

She said: Honestly, I'm not sure I even want to stay in this profession.

:/

Me: *** head spinning ***

What's the average debt for law school these days? 100K? The cavalier attitude people displays towards more and more student loan debt, even on here sometimes, is mind boggling to me.

A person with $250K in student debt and a job paying under 6 figures proudly told me, "Well it's the safest debt to take on, they can never repossess my degree."

If you try hard enough, you can justify anything.

[LeRainDrop]

A high school friend recently passed the bar exam which she proudly posted on Facebook. She's turning 40 this year and so a few years back she quit her job and became a full time student in a city 5 hours away for law school. She's currently a single mom, living at home and going through a divorce. Saying that the financial situation is not that great is an understatement.

I met up with her for coffee and we were discussing her job prospects.

She said: Honestly, I'm not sure I even want to stay in this profession.

:/

Me: *** head spinning ***

What's the average debt for law school these days? 100K? The cavalier attitude people displays towards more and more student loan debt, even on here sometimes, is mind boggling to me.

Egads!  http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-law-schools/grad-debt-rankings

[Grigory]

#‎ThatMoment‬ when you spend over $500 between Costco and Walmart on groceries n thangs and you gotta ride back to the house with yo Husband.... ‪#‎DontSayAnything‬ ‪#‎BeSubmissive‬ #‪#‎AintPlayingNoMusic‬ ‪#‎DearLordWeAreGatheredHereToday‬ ‪#‎ThankYouJesus‬ ‪#‎Scurred‬#‎IBettaCookThe‬%@$!OuttaTheseGroceries

I don't know which is more horrifying--the amount spent (which is basically my grocery budget for the MONTH), that this was written by a white woman in her mid-thirties, or that people actually thought this was funny.

I'm horrified that your food budget for the month is 150% higher than mine! :-P

[MandalayVA]

I'm horrified that your food budget for the month is 150% higher than mine! :-P

I'm working on it, dammit!  :D

[justajane]

A high school friend recently passed the bar exam which she proudly posted on Facebook. She's turning 40 this year and so a few years back she quit her job and became a full time student in a city 5 hours away for law school. She's currently a single mom, living at home and going through a divorce. Saying that the financial situation is not that great is an understatement.

I met up with her for coffee and we were discussing her job prospects.

She said: Honestly, I'm not sure I even want to stay in this profession.

:/

Me: *** head spinning ***

What's the average debt for law school these days? 100K? The cavalier attitude people displays towards more and more student loan debt, even on here sometimes, is mind boggling to me.

Egads!  http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-law-schools/grad-debt-rankings

What's even worse is that this ranking of most school debt in no way correlates with the top ranked schools. In other words, people who come out of the Florida Coastal School of Law aren't guaranteed the future salary of, say, a Yale School of Law graduate. I don't know if this is still the case, but in the 90s I met a girl at Yale Law who said that, if they didn't get a corporate job paying 300K or something insane, Yale would forgive or pay off their loans. I don't imagine this would apply if you were just pissing around, but the intent was to reward those who went into less lucrative law careers in the public sector.

[dragoncar]

A high school friend recently passed the bar exam which she proudly posted on Facebook. She's turning 40 this year and so a few years back she quit her job and became a full time student in a city 5 hours away for law school. She's currently a single mom, living at home and going through a divorce. Saying that the financial situation is not that great is an understatement.

I met up with her for coffee and we were discussing her job prospects.

She said: Honestly, I'm not sure I even want to stay in this profession.

:/

Me: *** head spinning ***

What's the average debt for law school these days? 100K? The cavalier attitude people displays towards more and more student loan debt, even on here sometimes, is mind boggling to me.

Egads!  http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-law-schools/grad-debt-rankings

What's even worse is that this ranking of most school debt in no way correlates with the top ranked schools. In other words, people who come out of the Florida Coastal School of Law aren't guaranteed the future salary of, say, a Yale School of Law graduate. I don't know if this is still the case, but in the 90s I met a girl at Yale Law who said that, if they didn't get a corporate job paying 300K or something insane, Yale would forgive or pay off their loans. I don't imagine this would apply if you were just pissing around, but the intent was to reward those who went into less lucrative law careers in the public sector.

Most schools offer in-house loan repayment programs for non-profit work.  The federal government will also forgive your debt after 10 years of public service.

[TheGrimSqueaker]

A high school friend recently passed the bar exam which she proudly posted on Facebook. She's turning 40 this year and so a few years back she quit her job and became a full time student in a city 5 hours away for law school. She's currently a single mom, living at home and going through a divorce. Saying that the financial situation is not that great is an understatement.

I met up with her for coffee and we were discussing her job prospects.

She said: Honestly, I'm not sure I even want to stay in this profession.

:/

Me: *** head spinning ***

What's the average debt for law school these days? 100K? The cavalier attitude people displays towards more and more student loan debt, even on here sometimes, is mind boggling to me.

Egads!  http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-law-schools/grad-debt-rankings

What's even worse is that this ranking of most school debt in no way correlates with the top ranked schools. In other words, people who come out of the Florida Coastal School of Law aren't guaranteed the future salary of, say, a Yale School of Law graduate. I don't know if this is still the case, but in the 90s I met a girl at Yale Law who said that, if they didn't get a corporate job paying 300K or something insane, Yale would forgive or pay off their loans. I don't imagine this would apply if you were just pissing around, but the intent was to reward those who went into less lucrative law careers in the public sector.

Most schools offer in-house loan repayment programs for non-profit work.  The federal government will also forgive your debt after 10 years of public service.

There's also Teach For America, a program that forgives student loan debt in exchange for trying to teach in have-not schools. I have a friend who came through that system, but by the time she completed the TFA requirement to have her tuition forgiven she was the most senior teacher or administrator in the entire school. The turnover was so high because of the brutal working conditions that few people completed the program at her location.

[NorCal]

I have a former co-worker I'm connected with on Facebook.  This guy works in finance and is married to a doctor, so they do well on the income front.  Here's a few of his ongoing Facebook sagas:

1.  He decides to invest in three investment properties within 6 months in Reno.  His thesis is that the new Tesla factory will cause prices to skyrocket there.  He immediately takes out mortgages that cost as much as he will earn in rent.  (I don't know the exact financial details, I actually assume he'll do okay here but he's taking on a lot of risk).
2.  While in the middle of this process, he up and decides to sell his house and move to a more expensive city.  Old house is sized fine for his family, but is in a hilly area, and under the SFO flightline.  He's been in the house a while, so given the SF housing market, he's surely done well.  However, the new house is at least 20-30% more expensive, and is in a city built on a landfill that is slowly sinking into the SF bay.  I read the disclosures on new homes being built there a few years back, and they warn that these home might sink as much as 4ft over the next 50 years.
3.  Guy has no liquidity to his name during this process.  He literally posted a screenshot of his bank accounts showing less than $1 in combined liquidity for his family.  This was ~1 week ago.
4.  Just today he posts that his Volvo XC60 is getting too small for his family (wife and one kid), and is looking for recommendations between SUV's like the Honda Pilot, Escalade or Audi Q7.

[3okirb]

I have a former co-worker I'm connected with on Facebook.  This guy works in finance and is married to a doctor, so they do well on the income front.  Here's a few of his ongoing Facebook sagas:

1.  He decides to invest in three investment properties within 6 months in Reno.  His thesis is that the new Tesla factory will cause prices to skyrocket there.  He immediately takes out mortgages that cost as much as he will earn in rent.  (I don't know the exact financial details, I actually assume he'll do okay here but he's taking on a lot of risk).
2.  While in the middle of this process, he up and decides to sell his house and move to a more expensive city.  Old house is sized fine for his family, but is in a hilly area, and under the SFO flightline.  He's been in the house a while, so given the SF housing market, he's surely done well.  However, the new house is at least 20-30% more expensive, and is in a city built on a landfill that is slowly sinking into the SF bay.  I read the disclosures on new homes being built there a few years back, and they warn that these home might sink as much as 4ft over the next 50 years.
3.  Guy has no liquidity to his name during this process.  He literally posted a screenshot of his bank accounts showing less than $1 in combined liquidity for his family.  This was ~1 week ago.
4.  Just today he posts that his Volvo XC60 is getting too small for his family (wife and one kid), and is looking for recommendations between SUV's like the Honda Pilot, Escalade or Audi Q7.

I know he's not the Dr. in this situation, but I can tell you that in my experience, doctors are some of the worst money managers (there are exceptions) of any profession I've had the privilege of working with.

[jinga nation]

I have a former co-worker I'm connected with on Facebook.  This guy works in finance and is married to a doctor, so they do well on the income front.  Here's a few of his ongoing Facebook sagas:

1.  He decides to invest in three investment properties within 6 months in Reno.  His thesis is that the new Tesla factory will cause prices to skyrocket there.  He immediately takes out mortgages that cost as much as he will earn in rent.  (I don't know the exact financial details, I actually assume he'll do okay here but he's taking on a lot of risk).
2.  While in the middle of this process, he up and decides to sell his house and move to a more expensive city.  Old house is sized fine for his family, but is in a hilly area, and under the SFO flightline.  He's been in the house a while, so given the SF housing market, he's surely done well.  However, the new house is at least 20-30% more expensive, and is in a city built on a landfill that is slowly sinking into the SF bay.  I read the disclosures on new homes being built there a few years back, and they warn that these home might sink as much as 4ft over the next 50 years.
3.  Guy has no liquidity to his name during this process.  He literally posted a screenshot of his bank accounts showing less than $1 in combined liquidity for his family.  This was ~1 week ago.
4.  Just today he posts that his Volvo XC60 is getting too small for his family (wife and one kid), and is looking for recommendations between SUV's like the Honda Pilot, Escalade or Audi Q7.

I know he's not the Dr. in this situation, but I can tell you that in my experience, doctors are some of the worst money managers (there are exceptions) of any profession I've had the privilege of working with.

+1. Anecdotal but based on my direct experience, people in medicine and finance make some of the dumbest money decisions.

[zephyr911]

I know he's not the Dr. in this situation, but I can tell you that in my experience, doctors are some of the worst money managers (there are exceptions) of any profession I've had the privilege of working with.

People in finance are also the subject of many lulz stories in this forum.

[Squirrel away]

3.  Guy has no liquidity to his name during this process.  He literally posted a screenshot of his bank accounts showing less than $1 in combined liquidity for his family.  This was ~1 week ago.

OMG!

[jinga nation]

3.  Guy has no liquidity to his name during this process.  He literally posted a screenshot of his bank accounts showing less than $1 in combined liquidity for his family.  This was ~1 week ago.

Is that a humblebrag or stupidbrag or douchebrag?

[RysChristensen]

4.  Just today he posts that his Volvo XC60 is getting too small for his family (wife and one kid), and is looking for recommendations between SUV's like the Honda Pilot, Escalade or Audi Q7.

Awww, man! Who threw the Volvo through a hot water wash and stuck it in the dryer on high again?? I hate when that happens!

[Beaker]

...they warn that these home might sink as much as 4ft over the next 50 years.

Wait, so they expect them to sink an inch per year? How can that even work? Wouldn't that result in your sewer flowing backwards almost immediately?

[NorCal]

Oh, I forgot to mention, they HAD to buy a brand new boat when they bought the house because you don't buy a house on a lagoon without buying a boat, right?

...they warn that these home might sink as much as 4ft over the next 50 years.

Wait, so they expect them to sink an inch per year? How can that even work? Wouldn't that result in your sewer flowing backwards almost immediately?

I honestly don't know the real risks.  Being an "as much as" number, I'm sure that's the worst case scenario.  It's also in an earthquake liquefaction zone, so they might be assuming most of it happens all at once.

I did work in a big office building in that city with very deep pilings, built sometime in the 1980's.  The sidewalk by the road is now maybe 6-12 inches lower than the base of the building.  I assume it was flat when they built it.

[gimp]

I propose an experiment. Let's try to see if we can set a new standard in conspicuous attention seeking over-consumption: if there's enough of a buzz on social media I bet some idiot will do it.

Get a parade/protest permit for Times Square.  Fence off the streets from the sidewalk.  Have builders move ornate furniture in the middle of the street so you and your crew can recline in the middle of the world and chill while everyone else has to change plans for the day.  Bonus if you can get some kicked out of Brooklyn via gentrification bums to serve you drinks.

Basically shut down a good part of the city just so they can notice how sweet it is you got that cash.

Just had that idea today.  How much would that cost?

https://www.youtube.com/watch?v=zXvJqiyiMqQ

1000% relevant.

[AlanStache]

...

https://www.youtube.com/watch?v=zXvJqiyiMqQ

1000% relevant.

300$?!?!?!?  With open containers, that might be happening!  Bet you could get a clown for 100$ too. That is value pricing compared to Vegas. 

[flamingo25]

Someone on my local mom's FB group asked who was interested in joining a healthy slow cooker recipe group. I'm about to have a baby and would love some easy recipes so I said sure, sign me up. Turns out it's just a shill for MLM beachbody stuff and not that many recipes. Deceptive and disappointing.

[Kashmani]

I have a former co-worker I'm connected with on Facebook.  This guy works in finance and is married to a doctor, so they do well on the income front.  Here's a few of his ongoing Facebook sagas:

1.  He decides to invest in three investment properties within 6 months in Reno.  His thesis is that the new Tesla factory will cause prices to skyrocket there.  He immediately takes out mortgages that cost as much as he will earn in rent.  (I don't know the exact financial details, I actually assume he'll do okay here but he's taking on a lot of risk).
2.  While in the middle of this process, he up and decides to sell his house and move to a more expensive city.  Old house is sized fine for his family, but is in a hilly area, and under the SFO flightline.  He's been in the house a while, so given the SF housing market, he's surely done well.  However, the new house is at least 20-30% more expensive, and is in a city built on a landfill that is slowly sinking into the SF bay.  I read the disclosures on new homes being built there a few years back, and they warn that these home might sink as much as 4ft over the next 50 years.
3.  Guy has no liquidity to his name during this process.  He literally posted a screenshot of his bank accounts showing less than $1 in combined liquidity for his family.  This was ~1 week ago.
4.  Just today he posts that his Volvo XC60 is getting too small for his family (wife and one kid), and is looking for recommendations between SUV's like the Honda Pilot, Escalade or Audi Q7.

I know he's not the Dr. in this situation, but I can tell you that in my experience, doctors are some of the worst money managers (there are exceptions) of any profession I've had the privilege of working with.

Out of curiosity, how do lawyers compare? I am one, and I am always surprised when I hear that professionals are such bad money managers. It is usually much easier to keep it than to earn it.

[justajane]

I have a former co-worker I'm connected with on Facebook.  This guy works in finance and is married to a doctor, so they do well on the income front.  Here's a few of his ongoing Facebook sagas:

1.  He decides to invest in three investment properties within 6 months in Reno.  His thesis is that the new Tesla factory will cause prices to skyrocket there.  He immediately takes out mortgages that cost as much as he will earn in rent.  (I don't know the exact financial details, I actually assume he'll do okay here but he's taking on a lot of risk).
2.  While in the middle of this process, he up and decides to sell his house and move to a more expensive city.  Old house is sized fine for his family, but is in a hilly area, and under the SFO flightline.  He's been in the house a while, so given the SF housing market, he's surely done well.  However, the new house is at least 20-30% more expensive, and is in a city built on a landfill that is slowly sinking into the SF bay.  I read the disclosures on new homes being built there a few years back, and they warn that these home might sink as much as 4ft over the next 50 years.
3.  Guy has no liquidity to his name during this process.  He literally posted a screenshot of his bank accounts showing less than $1 in combined liquidity for his family.  This was ~1 week ago.
4.  Just today he posts that his Volvo XC60 is getting too small for his family (wife and one kid), and is looking for recommendations between SUV's like the Honda Pilot, Escalade or Audi Q7.

I know he's not the Dr. in this situation, but I can tell you that in my experience, doctors are some of the worst money managers (there are exceptions) of any profession I've had the privilege of working with.

Out of curiosity, how do lawyers compare? I am one, and I am always surprised when I hear that professionals are such bad money managers. It is usually much easier to keep it than to earn it.

A lot of people actually don't agree that's it is easier to keep it than to earn more because that actually requires discipline and self-control. They'd rather spend their time trying to earn more so that they don't have to give up their precious luxuries, which they likely feel like they "need" because they are on the employment treadmill. And on and on it goes. Of course, the ideal is to keep it and earn more.

[MgoSam]

I have a former co-worker I'm connected with on Facebook.  This guy works in finance and is married to a doctor, so they do well on the income front.  Here's a few of his ongoing Facebook sagas:

1.  He decides to invest in three investment properties within 6 months in Reno.  His thesis is that the new Tesla factory will cause prices to skyrocket there.  He immediately takes out mortgages that cost as much as he will earn in rent.  (I don't know the exact financial details, I actually assume he'll do okay here but he's taking on a lot of risk).
2.  While in the middle of this process, he up and decides to sell his house and move to a more expensive city.  Old house is sized fine for his family, but is in a hilly area, and under the SFO flightline.  He's been in the house a while, so given the SF housing market, he's surely done well.  However, the new house is at least 20-30% more expensive, and is in a city built on a landfill that is slowly sinking into the SF bay.  I read the disclosures on new homes being built there a few years back, and they warn that these home might sink as much as 4ft over the next 50 years.
3.  Guy has no liquidity to his name during this process.  He literally posted a screenshot of his bank accounts showing less than $1 in combined liquidity for his family.  This was ~1 week ago.
4.  Just today he posts that his Volvo XC60 is getting too small for his family (wife and one kid), and is looking for recommendations between SUV's like the Honda Pilot, Escalade or Audi Q7.

I know he's not the Dr. in this situation, but I can tell you that in my experience, doctors are some of the worst money managers (there are exceptions) of any profession I've had the privilege of working with.

Out of curiosity, how do lawyers compare? I am one, and I am always surprised when I hear that professionals are such bad money managers. It is usually much easier to keep it than to earn it.

A lot of people actually don't agree that's it is easier to keep it than to earn more because that actually requires discipline and self-control. They'd rather spend their time trying to earn more so that they don't have to give up their precious luxuries, which they likely feel like they "need" because they are on the employment treadmill. And on and on it goes. Of course, the ideal is to keep it and earn more.

Another thing about doctors and lawyers is that they had to spend a lot of time and money in school and residency (or being at the bottom of their law firm) before making the big bucks, so for some that can encourage them to spend now that they have it. Also, I suspect that some of the same impulses that lead people to high consumption are also what lead them towards these fields.

[mm1970]

Someone on my local mom's FB group asked who was interested in joining a healthy slow cooker recipe group. I'm about to have a baby and would love some easy recipes so I said sure, sign me up. Turns out it's just a shill for MLM beachbody stuff and not that many recipes. Deceptive and disappointing.

That's too bad.  I'm a fan of beachbody, but I've been invited to groups where the purpose of the group was not what they said.  And that sucks.  "Join my group!!"  Turns out they are trying to sell me makeup.  Um, no thanks!

[jinga nation]

I have a former co-worker I'm connected with on Facebook.  This guy works in finance and is married to a doctor, so they do well on the income front.  Here's a few of his ongoing Facebook sagas:

1.  He decides to invest in three investment properties within 6 months in Reno.  His thesis is that the new Tesla factory will cause prices to skyrocket there.  He immediately takes out mortgages that cost as much as he will earn in rent.  (I don't know the exact financial details, I actually assume he'll do okay here but he's taking on a lot of risk).
2.  While in the middle of this process, he up and decides to sell his house and move to a more expensive city.  Old house is sized fine for his family, but is in a hilly area, and under the SFO flightline.  He's been in the house a while, so given the SF housing market, he's surely done well.  However, the new house is at least 20-30% more expensive, and is in a city built on a landfill that is slowly sinking into the SF bay.  I read the disclosures on new homes being built there a few years back, and they warn that these home might sink as much as 4ft over the next 50 years.
3.  Guy has no liquidity to his name during this process.  He literally posted a screenshot of his bank accounts showing less than $1 in combined liquidity for his family.  This was ~1 week ago.
4.  Just today he posts that his Volvo XC60 is getting too small for his family (wife and one kid), and is looking for recommendations between SUV's like the Honda Pilot, Escalade or Audi Q7.

I know he's not the Dr. in this situation, but I can tell you that in my experience, doctors are some of the worst money managers (there are exceptions) of any profession I've had the privilege of working with.

Out of curiosity, how do lawyers compare? I am one, and I am always surprised when I hear that professionals are such bad money managers. It is usually much easier to keep it than to earn it.

A lot of people actually don't agree that's it is easier to keep it than to earn more because that actually requires discipline and self-control. They'd rather spend their time trying to earn more so that they don't have to give up their precious luxuries, which they likely feel like they "need" because they are on the employment treadmill. And on and on it goes. Of course, the ideal is to keep it and earn more.

Another thing about doctors and lawyers is that they had to spend a lot of time and money in school and residency (or being at the bottom of their law firm) before making the big bucks, so for some that can encourage them to spend now that they have it. Also, I suspect that some of the same impulses that lead people to high consumption are also what lead them towards these fields.

The medical and law professions are huge in 'Keeping up with the Jones'". I know that since I have family members in these fields who resist the urge to comply. You come out of medical school, you are expected to drive a luxury vehicle, wear nice clothes, watches, etc. Meanwhile the savvy one is trying to save up to start a solo practice or buy into a group. Because getting business loans when you have medical school loans comes with high interest rates.

[eljefe-speaks]

I see this with retired Brits who travel the world. They hate the idea of all immigrants here, but they expect that they should be welcomed the world over.

Funny, for a while I thought that this was just how everyone viewed us Americans. But I see that sillyness expands beyond our national boundaries.

http://www.theweathernetwork.com/news/articles/tourists-disrupt-turtle-nesting-grounds-in-costa-rica/57292/

No one is going to be like "those damn Virginians"

Try being from Ohio! Universally hated as travelers in the US. Well, the South anyway.

[MgoSam]

I have a former co-worker I'm connected with on Facebook.  This guy works in finance and is married to a doctor, so they do well on the income front.  Here's a few of his ongoing Facebook sagas:

1.  He decides to invest in three investment properties within 6 months in Reno.  His thesis is that the new Tesla factory will cause prices to skyrocket there.  He immediately takes out mortgages that cost as much as he will earn in rent.  (I don't know the exact financial details, I actually assume he'll do okay here but he's taking on a lot of risk).
2.  While in the middle of this process, he up and decides to sell his house and move to a more expensive city.  Old house is sized fine for his family, but is in a hilly area, and under the SFO flightline.  He's been in the house a while, so given the SF housing market, he's surely done well.  However, the new house is at least 20-30% more expensive, and is in a city built on a landfill that is slowly sinking into the SF bay.  I read the disclosures on new homes being built there a few years back, and they warn that these home might sink as much as 4ft over the next 50 years.
3.  Guy has no liquidity to his name during this process.  He literally posted a screenshot of his bank accounts showing less than $1 in combined liquidity for his family.  This was ~1 week ago.
4.  Just today he posts that his Volvo XC60 is getting too small for his family (wife and one kid), and is looking for recommendations between SUV's like the Honda Pilot, Escalade or Audi Q7.

I know he's not the Dr. in this situation, but I can tell you that in my experience, doctors are some of the worst money managers (there are exceptions) of any profession I've had the privilege of working with.

Out of curiosity, how do lawyers compare? I am one, and I am always surprised when I hear that professionals are such bad money managers. It is usually much easier to keep it than to earn it.

A lot of people actually don't agree that's it is easier to keep it than to earn more because that actually requires discipline and self-control. They'd rather spend their time trying to earn more so that they don't have to give up their precious luxuries, which they likely feel like they "need" because they are on the employment treadmill. And on and on it goes. Of course, the ideal is to keep it and earn more.

Another thing about doctors and lawyers is that they had to spend a lot of time and money in school and residency (or being at the bottom of their law firm) before making the big bucks, so for some that can encourage them to spend now that they have it. Also, I suspect that some of the same impulses that lead people to high consumption are also what lead them towards these fields.

The medical and law professions are huge in 'Keeping up with the Jones'". I know that since I have family members in these fields who resist the urge to comply. You come out of medical school, you are expected to drive a luxury vehicle, wear nice clothes, watches, etc. Meanwhile the savvy one is trying to save up to start a solo practice or buy into a group. Because getting business loans when you have medical school loans comes with high interest rates.

Yeah I can see that. I have a ton of doctors in my family and it is amazing how much they spent. Provided most of them are very well-enough and can afford it, but I know a few that talk about how they couldn't possibly retire even though they are in their 60's. I know one that is still paying for two of his adult children, one is a lawyer and another that's a doctor. The middle child is largely self-sufficient, but I imagine he does still spend a lot as well. He's a cousin that told me I would be stupid to consider retiring unless I had at least $2M.

[gimp]

Try being from Ohio! Universally hated as travelers in the US. Well, the South anyway.

I mean, I don't hate ohio tourists, but y'all tend to be fat, loud, and overly impressed by things. Also, I've met too many of you whose idea of seeing a national park is driving on the asphalt, getting out at a couple overlooks for a few minutes, then leaving.