Author Topic: Race from $2M to $4M...and Beyond!  (Read 796427 times)

arcturus

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Re: Race from $2M to $4M...and Beyond!
« Reply #5400 on: September 01, 2021, 05:55:00 PM »
LOL -- I think @Dicey is a budding novelist.  I got a kick out of reading that story, particularly the interaction with the Bank management team. 

Yes, my banking relationship I'm sure is a profound disappointment for Ch**e Bank, given it consists of a $325 savings balance and whatever I happen to have in my checking account at any moment.

We all worked out asses of getting to where we are and now the bankers want to "Help" us with our money.   We didn't win a lottery or some great uncle's inheritance.  We grew this.   I can't say it often enough how much I value this group.

Damn right, we did grow this....and then with a divorce several years back I did my best to lose a bunch of it....and then rebuild it. :-)

Good to hear from you @Bateaux , hope things are improving for you and you at least have line of sight to getting power back.

UnleashHell

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Re: Race from $2M to $4M...and Beyond!
« Reply #5401 on: September 01, 2021, 11:49:30 PM »
LOL -- I think @Dicey is a budding novelist.  I got a kick out of reading that story, particularly the interaction with the Bank management team. 

Yes, my banking relationship I'm sure is a profound disappointment for Ch**e Bank, given it consists of a $325 savings balance and whatever I happen to have in my checking account at any moment.

We all worked out asses of getting to where we are and now the bankers want to "Help" us with our money.   We didn't win a lottery or some great uncle's inheritance.  We grew this.   I can't say it often enough how much I value this group.

Damn right, we did grow this....and then with a divorce several years back I did my best to lose a bunch of it....and then rebuild it. :-)

Good to hear from you @Bateaux , hope things are improving for you and you at least have line of sight to getting power back.

yeah - divorce here a too which kept me in work instead of quitting!! I appreciate it even more now. I was laid off from work this ear and as part of the deal I got a free financial advisor. Did a good job of analysis on my portfolio but naturally wanted paying in order to go forward. The fees were clear but a 4 digit payment to tell me that I'm mostly doing ok??? Thanks but no thanks. I like my money and I'll keep it if you don't mind!! (at least he understood and brought up SORR!)

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #5402 on: September 02, 2021, 08:11:58 AM »
Somebody has to pay for those fancy lobbies in the banks.  I guess the idea is not to have you be that somebody.

couponvan

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Re: Race from $2M to $4M...and Beyond!
« Reply #5403 on: September 02, 2021, 08:25:12 AM »
Somebody has to pay for those fancy lobbies in the banks.  I guess the idea is not to have you be that somebody.
Remember when the bank used to be the place to be and be seen?  Or am I really dating myself?  I remember my dad bringing me to the bank for the free coffee and donuts, and to stand in line and deposit his checks and I swear he used to know everyone.  I used to love getting my passbook stamped as I put in my deposits, and then got the $ from the nice tellers along with a lollipop.  Ah, the good old days.  Now it's so impersonal, albeit convenient to just use the ATM and online bank.

2KidFIRE

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Re: Race from $2M to $4M...and Beyond!
« Reply #5404 on: September 02, 2021, 12:30:29 PM »
I remember my mom and dad taking me to First Interstate Bank (now Wells Fargo) back in 1993 when I was a kid to open up my first bank account.  It was so exciting to get that little bank book!  I remember writing out the deposit slips and then taking them to the teller with Christmas money, allowance, etc.  Balancing the deposits and withdrawals and watching my savings grow.  It was definitely a different feeling than now.

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #5405 on: September 03, 2021, 10:52:43 AM »
I remember my mom and dad taking me to First Interstate Bank (now Wells Fargo) back in 1993 when I was a kid to open up my first bank account.  It was so exciting to get that little bank book!  I remember writing out the deposit slips and then taking them to the teller with Christmas money, allowance, etc.  Balancing the deposits and withdrawals and watching my savings grow.  It was definitely a different feeling than now.
I loved my little passbooks. My passport reminds me of them. Both were tickets to new experiences, I suppose.

ixtap

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Re: Race from $2M to $4M...and Beyond!
« Reply #5406 on: September 03, 2021, 12:35:14 PM »
I remember my mom and dad taking me to First Interstate Bank (now Wells Fargo) back in 1993 when I was a kid to open up my first bank account.  It was so exciting to get that little bank book!  I remember writing out the deposit slips and then taking them to the teller with Christmas money, allowance, etc.  Balancing the deposits and withdrawals and watching my savings grow.  It was definitely a different feeling than now.
I loved my little passbooks. My passport reminds me of them. Both were tickets to new experiences, I suppose.

Like many parents today when teaching their kids about Roth, mine didn't tell me that you could take money out again. If I wanted to save up for a toy or album, that was saved up before cash went to the bank. Similarly, didn't really understand that you could cash the checks that people gave you: they were just deposited. That's what happened with Daddy's paycheck and that's what happened when I babysat. Putting money into savings was just the done thing, it was more of a black hole than an accumulator of future experiences. Until I used it for study abroad, but that was a pretty sudden decision, rather than a long term goal. I don't think I even knew that Americans did that 6 months before I did it, just foreigners came to the US.

Maybe I had my nose buried a bit too deep in those books from the moment I could read...

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5407 on: September 05, 2021, 08:14:44 PM »
Ida update.  One week post storm, one week without power.  The world is starting to come back alive in our region.  Went into work part of the day yesterday and part of the day today.  Trying to appease some critical customers.  We lack the services to restart operations, but have enough power to run a few shipments from bulk storages.  Is Force Majeure coming?  Maybe.  We'll do our best to avoid it.  Power was just restored across th river from us an hour ago.  The last big disaster my side got it back first, I was beginning to enjoy the dark sky.  Our road is small and was barely passable .  It's a bit safer to drive now, but huge trees are still on the lines and many poles down.  I'm keeping fingers crossed for Tuesday, maybe.  Our generator isn't big enough to run the whole house, only portable air conditioners.  I've at least slept very cool in the bedroom.   The rest of the house is 84 degrees now, it was 86.  I used fans and a battery operated leaf blower to blow some of the days hear out.  The river has become stagnant and there is a fish kill.  I just finished power washing thee inches of mud mixed with dead fish off the boat docks.  The smell is indescribable.  I'm so ready to move to the Florida house.  Louisiana is a harsh place to live.  Even without the destruction of a 150 mph hurricane, it's just not comfortable.  Twenty more months and we can leave.  The stock market definitely wants us to go.  We're at another new high.  Up 50K since the storm.  I can't tell that to people here.  I have almost no damage and on my trip to work I can see into people's attic's it trees have sliced their house like butter.  I am giving myself, money and things.  I will do more, I have to take care of my own family at the moment.  I'm much stronger and healthier than a week before the storm.  I've dropped at least 10 pounds with hard sweaty labor.  I honestly feel young again.  I've trained for this kid if my life.  It's a challenge but we're winning.

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #5408 on: September 05, 2021, 08:40:50 PM »
Ida update.  One week post storm, one week without power.  The world is starting to come back alive in our region.  Went into work part of the day yesterday and part of the day today.  Trying to appease some critical customers.  We lack the services to restart operations, but have enough power to run a few shipments from bulk storages.  Is Force Majeure coming?  Maybe.  We'll do our best to avoid it.  Power was just restored across th river from us an hour ago.  The last big disaster my side got it back first, I was beginning to enjoy the dark sky.  Our road is small and was barely passable .  It's a bit safer to drive now, but huge trees are still on the lines and many poles down.  I'm keeping fingers crossed for Tuesday, maybe.  Our generator isn't big enough to run the whole house, only portable air conditioners.  I've at least slept very cool in the bedroom.   The rest of the house is 84 degrees now, it was 86.  I used fans and a battery operated leaf blower to blow some of the days hear out.  The river has become stagnant and there is a fish kill.  I just finished power washing thee inches of mud mixed with dead fish off the boat docks.  The smell is indescribable.  I'm so ready to move to the Florida house.  Louisiana is a harsh place to live.  Even without the destruction of a 150 mph hurricane, it's just not comfortable.  Twenty more months and we can leave.  The stock market definitely wants us to go.  We're at another new high.  Up 50K since the storm.  I can't tell that to people here.  I have almost no damage and on my trip to work I can see into people's attic's it trees have sliced their house like butter.  I am giving myself, money and things.  I will do more, I have to take care of my own family at the moment.  I'm much stronger and healthier than a week before the storm.  I've dropped at least 10 pounds with hard sweaty labor.  I honestly feel young again.  I've trained for this kid if my life.  It's a challenge but we're winning.

Sounds pretty miserable.  Good you are doing OK and have a path out of there.

I had this thought about  Force Majeure.  We used to put that in as a standard clause as we wrote contracts.  I was told it was "acts of God."  It usually meant bad weather (like hurricanes), an earthquake or some similar thing.  I just wonder whether this weather is fully God caused any more.  Scientists seem to have other ideas.

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5409 on: September 05, 2021, 09:28:53 PM »
I had this thought about  Force Majeure.  We used to put that in as a standard clause as we wrote contracts.  I was told it was "acts of God."  It usually meant bad weather (like hurricanes), an earthquake or some similar thing.  I just wonder whether this weather is fully God caused any more.  Scientists seem to have other ideas.

You tell a Louisiana jury that they can get the insurance to fix their house if they rule that human-caused climate change is responsible and not an act of God and we might get a few more believers in science all of a sudden.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5410 on: September 05, 2021, 09:55:04 PM »
Dang.  Should have proof read that post.  Tired fingers.

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Re: Race from $2M to $4M...and Beyond!
« Reply #5411 on: September 16, 2021, 08:51:59 AM »
Quite here lately.

Just got to my new office.  It’s been interesting just talking briefly to people from a money standpoint.  Those of us who are older and not necessarily planning to stay in the Bay Area (or in my case at least as close into the city as I currently am so I can have a decent commute) are renting and content with it.  Those of us who are younger are buying lower end for the Bay Area houses out in places like Clayton because they don’t want to throw money away on rent.  I think the difference maybe that many of us “older folks” had issues selling in 2008 when we had to transfer (and these younger folks will have to transfer).  Also I know in the first 5-6 years you aren’t really paying down principal on a loan so yeah I’m “throwing away” 3k on rent but really it’s less than $1k that goes to principal on a $500k loan and I don’t have to fix a roof or anything like that.  I’d rather let my down payment money “pay me” about $5k/year while it sits in its investment account.

ysette9

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Re: Race from $2M to $4M...and Beyond!
« Reply #5412 on: September 16, 2021, 10:54:17 AM »
I remember my mom and dad taking me to First Interstate Bank (now Wells Fargo) back in 1993 when I was a kid to open up my first bank account.  It was so exciting to get that little bank book!  I remember writing out the deposit slips and then taking them to the teller with Christmas money, allowance, etc.  Balancing the deposits and withdrawals and watching my savings grow.  It was definitely a different feeling than now.
I loved my little passbooks. My passport reminds me of them. Both were tickets to new experiences, I suppose.
I remember the experience of going to the bank and setting up a kiddie savings account with my birthday money. I remember it as a sad day. One moment I had birthday money and the next I had nothing. It took me many more years to mature sufficiently to understand delayed gratification and savings.

Car Jack

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Re: Race from $2M to $4M...and Beyond!
« Reply #5413 on: September 16, 2021, 11:18:54 AM »
I had this thought about  Force Majeure.  We used to put that in as a standard clause as we wrote contracts.  I was told it was "acts of God."  It usually meant bad weather (like hurricanes), an earthquake or some similar thing.  I just wonder whether this weather is fully God caused any more.  Scientists seem to have other ideas.

Our customers (as in the customers of my employer) used Force Majeure en masse during covid.  It's why we all but shut down the fabs.  People were put on RTO (rotating time off without pay) which, of course had many of these well trained people on the market finding better full time work.  Now, many of the companies who invoked this are crying in their soup that they're line down.  Well yah, stupid.  You were short sighted and pulled the FM clause and stopped shipments made especially for you.  Too bad....you're at the back of the line now.  The auto industry was one of the big segments pulling this crap.  They are low margin business, so when things turned around and we had all fabs 24/7 again and orders to TSMC at max, their orders for low margin stuff became far less of an emergency for us. 

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5414 on: September 17, 2021, 12:26:07 PM »
I had this thought about  Force Majeure.  We used to put that in as a standard clause as we wrote contracts.  I was told it was "acts of God."  It usually meant bad weather (like hurricanes), an earthquake or some similar thing.  I just wonder whether this weather is fully God caused any more.  Scientists seem to have other ideas.

Our customers (as in the customers of my employer) used Force Majeure en masse during covid.  It's why we all but shut down the fabs.  People were put on RTO (rotating time off without pay) which, of course had many of these well trained people on the market finding better full time work.  Now, many of the companies who invoked this are crying in their soup that they're line down.  Well yah, stupid.  You were short sighted and pulled the FM clause and stopped shipments made especially for you.  Too bad....you're at the back of the line now.  The auto industry was one of the big segments pulling this crap.  They are low margin business, so when things turned around and we had all fabs 24/7 again and orders to TSMC at max, their orders for low margin stuff became far less of an emergency for us.

We're back up and running again.  Not 100 percent yet, but most of the snags are working out.  Customers are more likely impressed that materials flow is reestablished  this rapidly.   The low automotive output due to the ongoing chip crisis is also a player. 

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #5415 on: September 18, 2021, 12:25:49 PM »
I remember my mom and dad taking me to First Interstate Bank (now Wells Fargo) back in 1993 when I was a kid to open up my first bank account.  It was so exciting to get that little bank book!  I remember writing out the deposit slips and then taking them to the teller with Christmas money, allowance, etc.  Balancing the deposits and withdrawals and watching my savings grow.  It was definitely a different feeling than now.
I loved my little passbooks. My passport reminds me of them. Both were tickets to new experiences, I suppose.
I remember the experience of going to the bank and setting up a kiddie savings account with my birthday money. I remember it as a sad day. One moment I had birthday money and the next I had nothing. It took me many more years to mature sufficiently to understand delayed gratification and savings.
And how'd that turn out? ;-)

I freaking loved my passbook. Having something official with my name and an account number in it was so stinking grown-up!

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #5416 on: September 18, 2021, 12:27:36 PM »
I had this thought about  Force Majeure.  We used to put that in as a standard clause as we wrote contracts.  I was told it was "acts of God."  It usually meant bad weather (like hurricanes), an earthquake or some similar thing.  I just wonder whether this weather is fully God caused any more.  Scientists seem to have other ideas.

Our customers (as in the customers of my employer) used Force Majeure en masse during covid.  It's why we all but shut down the fabs.  People were put on RTO (rotating time off without pay) which, of course had many of these well trained people on the market finding better full time work.  Now, many of the companies who invoked this are crying in their soup that they're line down.  Well yah, stupid.  You were short sighted and pulled the FM clause and stopped shipments made especially for you.  Too bad....you're at the back of the line now.  The auto industry was one of the big segments pulling this crap.  They are low margin business, so when things turned around and we had all fabs 24/7 again and orders to TSMC at max, their orders for low margin stuff became far less of an emergency for us.

We're back up and running again.  Not 100 percent yet, but most of the snags are working out.  Customers are more likely impressed that materials flow is reestablished  this rapidly.   The low automotive output due to the ongoing chip crisis is also a player.
Glad to hear this! I fear it's not the same for many in your area, but it's nice to see rays of hope.

ysette9

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Re: Race from $2M to $4M...and Beyond!
« Reply #5417 on: September 18, 2021, 01:00:24 PM »
I remember my mom and dad taking me to First Interstate Bank (now Wells Fargo) back in 1993 when I was a kid to open up my first bank account.  It was so exciting to get that little bank book!  I remember writing out the deposit slips and then taking them to the teller with Christmas money, allowance, etc.  Balancing the deposits and withdrawals and watching my savings grow.  It was definitely a different feeling than now.
I loved my little passbooks. My passport reminds me of them. Both were tickets to new experiences, I suppose.
I remember the experience of going to the bank and setting up a kiddie savings account with my birthday money. I remember it as a sad day. One moment I had birthday money and the next I had nothing. It took me many more years to mature sufficiently to understand delayed gratification and savings.
And how'd that turn out? ;-)

I freaking loved my passbook. Having something official with my name and an account number in it was so stinking grown-up!
Haha.
It may have turned out lucratively.