Author Topic: Epic FU money stories  (Read 1840519 times)

markbike528CBX

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Re: Epic FU money stories
« Reply #3550 on: December 11, 2020, 04:12:21 PM »


My new title? Section Head, Dragon and Pixiedust Wrangling.

That is hilarious.... The sad part is that most people are so burned out on buzzwords and business speak that they will assume it's just an obscure code or new phrase and will not question it as they don't want to appear out of the loop....

I bet people assume it is a variation on "agile" , I mean if you can have a scrum leader, the idea of Dragons dropping Pixiedust isn't that farfetched.

snowball

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Re: Epic FU money stories
« Reply #3551 on: December 11, 2020, 05:52:04 PM »


My new title? Section Head, Dragon and Pixiedust Wrangling.

That is hilarious.... The sad part is that most people are so burned out on buzzwords and business speak that they will assume it's just an obscure code or new phrase and will not question it as they don't want to appear out of the loop....

I bet people assume it is a variation on "agile" , I mean if you can have a scrum leader, the idea of Dragons dropping Pixiedust isn't that farfetched.

Lol, this is not that sort of workplace.  Pretty conservative, too.  If this came to the attention of the powers that be, I would definitely be told to take it down...though I don't think I'd be fired.  (But if I were?  Awesome epic FU story I'd be telling for the rest of my life!  So, not a deterrent.)

LennStar

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Re: Epic FU money stories
« Reply #3552 on: December 12, 2020, 06:30:48 AM »
My new title? Section Head, Dragon and Pixiedust Wrangling.
Sound cool to me! You certainly don't want to be without one when a Dragon turns up spraying Pixiedust everywhere.

Did you get that from a book or so? I am quite sure I read (very similar) that before somewhere. Sounds like something Terry Pratchett would put onto his door when he was still PR guy for an atomic power plant. But I don't think it's from there.

Since I always correct the commas of my boss, maybe I should rename myself Senior Advisor for Arcane Epistemological Grammatical Correctness.

You guys know what? I open a thread. https://forum.mrmoneymustache.com/welcome-to-the-forum/your-fu-job-title/
« Last Edit: December 12, 2020, 06:38:46 AM by LennStar »

Zaga

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Re: Epic FU money stories
« Reply #3553 on: December 12, 2020, 07:25:14 AM »
One time someone gave my husband the nametag maker at his job at the movie theater.  So for awhile he was "Thagar, Destroyer of Worlds, Taker of Tickets".

His boss thought it was funny so he got to keep it.

Mr. Green

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Re: Epic FU money stories
« Reply #3554 on: December 13, 2020, 04:52:47 PM »
So far no one's noticed the change except a few people I pointed it out to, who found it hilarious.  I bet I can go literally years without anyone noticing on their own, especially since I retained the first couple of words from my official title.  You'd have to keep reading to notice, and who does that?  (I guess I will find out!)

My new title? Section Head, Dragon and Pixiedust Wrangling.
This jogged a memory from a dark time in my career.

In my early 20's I worked a tech job in a fairly toxic environment where a lot of money was being thrown around. I changed the nameplate on the wall of my cubicle to say "BOLO" (be on the lookout). Below that I had the quote "Status is buying things you can't afford to impress people you don't even like." I was pretty bitter. Lol

No one ever said anything.

NorCal

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Re: Epic FU money stories
« Reply #3555 on: December 14, 2020, 07:20:32 AM »
So far no one's noticed the change except a few people I pointed it out to, who found it hilarious.  I bet I can go literally years without anyone noticing on their own, especially since I retained the first couple of words from my official title.  You'd have to keep reading to notice, and who does that?  (I guess I will find out!)

My new title? Section Head, Dragon and Pixiedust Wrangling.
This jogged a memory from a dark time in my career.

In my early 20's I worked a tech job in a fairly toxic environment where a lot of money was being thrown around. I changed the nameplate on the wall of my cubicle to say "BOLO" (be on the lookout). Below that I had the quote "Status is buying things you can't afford to impress people you don't even like." I was pretty bitter. Lol

No one ever said anything.

I love these petty forms of subversion.

Mine was my second deployment to Iraq, and I was DONE with the whole thing. 

One of my jobs was keeping track of all 750 of our people.  I had to know who was in country, who was on leave, who was in the hospital, etc.  I would stand up in our morning meetings and brief the commander on what had changed in the prior day.  Everyone listened to me drone on, no one cared, but I had to do it anyway.

One day, the Good Idea Fairy decides to put this whole briefing in PowerPoint and have the whole presentation loop 24 hours a day to make the TOC (tactical operations center) look high-tech out of a movie.  Since no one cared about my in-person briefing, I knew they could care less about my PowerPoint slides.

I updated the slides for about three days.  Then I decided to see how long I could go without updating the slides before someone noticed.

Those slides were not updated for the remaining 8 months of the deployment.  Even as I briefed different numbers every single day.

LennStar

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Re: Epic FU money stories
« Reply #3556 on: December 14, 2020, 08:56:11 AM »
Did the slides include a date?

BicycleB

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Re: Epic FU money stories
« Reply #3557 on: December 14, 2020, 09:30:47 AM »
I once attended an accounting class by a guy who used to run a bank. He started out in tech support, more or less, during the early computer days when the "computer department" generated reports because no one else had computers.

When he became department head, there were 150 reports generated for the company. His first act was to stop sending them. His plan was to permanently cancel any report that no one requested during the next 90 days. Half of the reports died.

He didn't have to leave his job to say FU to unnecessary work!

markbike528CBX

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Re: Epic FU money stories
« Reply #3558 on: December 14, 2020, 12:18:13 PM »
I once attended an accounting class by a guy who used to run a bank. He started out in tech support, more or less, during the early computer days when the "computer department" generated reports because no one else had computers.

When he became department head, there were 150 reports generated for the company. His first act was to stop sending them. His plan was to permanently cancel any report that no one requested during the next 90 days. Half of the reports died.

He didn't have to leave his job to say FU to unnecessary work!
Wow, real life TPS reports.

dandarc

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Re: Epic FU money stories
« Reply #3559 on: December 14, 2020, 02:18:55 PM »
I once attended an accounting class by a guy who used to run a bank. He started out in tech support, more or less, during the early computer days when the "computer department" generated reports because no one else had computers.

When he became department head, there were 150 reports generated for the company. His first act was to stop sending them. His plan was to permanently cancel any report that no one requested during the next 90 days. Half of the reports died.

He didn't have to leave his job to say FU to unnecessary work!
Wow, real life TPS reports.
Ours was called "Project Tracking System" - PTS - at large mutual insurance company I worked for out of college. My direct boss back then had a striking resemblance to Milton.

ysette9

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Re: Epic FU money stories
« Reply #3560 on: December 15, 2020, 08:42:14 PM »
Oh god, the meaningless reports.

I took a manager position at a test laboratory and I got this stack of reports delivered to my desk on weekly metrics. You can imagine that with a department of engineers and a lot of repetitive tests you can generate an almost unlimited number of reports. I had the guy in charge sit down and explain them all to me and realized that most were legacy things for an odd-duck manager who had been retired for years but had ruled with such an iron first that a lot of his nonsense policies were still in place. I took pleasure in first axing the dead tree weekly ritual and then working with my counterpart leading a sister lab to pare down the reports to only those that were actually meaningful.

It feels sacrilegious  as an engineer to say no to more data and graphs but there really is a thing as too much.

Same company, different job, my name plate was under a small section of the cubicle farm titled ďEntropy StudiesĒ.

BicycleB

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Re: Epic FU money stories
« Reply #3561 on: December 15, 2020, 09:13:11 PM »
Really titled "Entropy Studies"? And you had to cut down the reports that were continuing by momentum? LOL

SwordGuy

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Re: Epic FU money stories
« Reply #3562 on: December 15, 2020, 09:15:05 PM »
Oh god, the meaningless reports.

I took a manager position at a test laboratory and I got this stack of reports delivered to my desk on weekly metrics. You can imagine that with a department of engineers and a lot of repetitive tests you can generate an almost unlimited number of reports. I had the guy in charge sit down and explain them all to me and realized that most were legacy things for an odd-duck manager who had been retired for years but had ruled with such an iron first that a lot of his nonsense policies were still in place. I took pleasure in first axing the dead tree weekly ritual and then working with my counterpart leading a sister lab to pare down the reports to only those that were actually meaningful.

It feels sacrilegious  as an engineer to say no to more data and graphs but there really is a thing as too much.

Same company, different job, my name plate was under a small section of the cubicle farm titled ďEntropy StudiesĒ.

I used to work for a Dutch multi-national shipping firm.    One of the megacorporation companies had a business deal where they prepared a report, then went thru a manual ritual to confirm that their printed report matched their business partner's printed report.   It gets better.   The business partner company was purchased by the megacorporation and then they were migrated to work off the exact same database.

And, you guessed it, they still met to manually confirm that their printed reports matched!   Took them years before someone figured it out!

Alternatepriorities

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Re: Epic FU money stories
« Reply #3563 on: December 16, 2020, 12:12:31 AM »

I used to work for a Dutch multi-national shipping firm.    One of the megacorporation companies had a business deal where they prepared a report, then went thru a manual ritual to confirm that their printed report matched their business partner's printed report.   It gets better.   The business partner company was purchased by the megacorporation and then they were migrated to work off the exact same database.

And, you guessed it, they still met to manually confirm that their printed reports matched!   Took them years before someone figured it out!

They werenít meeting to review that report in Aruba by any chance?

SwordGuy

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Re: Epic FU money stories
« Reply #3564 on: December 16, 2020, 06:52:29 AM »
Nope.  Rotterdam.  Even the Dutch didn't like Rotterdam. :)

snowball

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Re: Epic FU money stories
« Reply #3565 on: December 16, 2020, 06:09:08 PM »
My new title? Section Head, Dragon and Pixiedust Wrangling.
Did you get that from a book or so? I am quite sure I read (very similar) that before somewhere. Sounds like something Terry Pratchett would put onto his door when he was still PR guy for an atomic power plant. But I don't think it's from there.

Possibly I did?  I don't think so, but I've read a LOT of books in my life, lol.  Things do pile up in your subconscious.

Hmm.  Now that I think on it, it may have been partially inspired by the Head Bug Wrangler title that Kareen Koudelka snags instead of lab assistant in A Civil Campaign...

GeeVee

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Re: Epic FU money stories
« Reply #3566 on: December 19, 2020, 09:34:30 AM »
Only a small story.. I am a senior manager at a small sized company and usually swan around in the office pretending to be a SWAMI. One day the company owner said to me ďDonít get me wrong, but you donít work over-timeĒ. I replied ďDonít get me wrong, but I have a lifeĒ.

I do a very specialized job at the firm and am a major fee earner for the company. The owner wanted to hire a guy from outside the industry to become the general manager to alleviate his work load.  Anyway, I laughed and said ďI will not accept a manager who is going to tell me how I will do my job. I will stick a note on my door stating ĎNo talk. No touch. No eye contactĒ.

General manager from outside the industry is hired and starts overseeing the entire company but me to his great annoyance. I report directly to the owner of the company when and if necessary, but usually am doing my own thing solving complex client problems and taking care of internal company issues. General manager tried to boss me around, but I shut him down immediately politely and professionally. Being a pretend SWAMI rocks..I will act for the good of the company only and disregard office politics. Just 3 years more of being pretend SWAMI..then I will be the real thing.
 
« Last Edit: December 19, 2020, 09:37:05 AM by GeeVee »

BicycleB

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Re: Epic FU money stories
« Reply #3567 on: December 19, 2020, 03:07:13 PM »
Only a small story.. I am a senior manager at a small sized company and usually swan around in the office pretending to be a SWAMI. One day the company owner said to me ďDonít get me wrong, but you donít work over-timeĒ. I replied ďDonít get me wrong, but I have a lifeĒ.

I do a very specialized job at the firm and am a major fee earner for the company. The owner wanted to hire a guy from outside the industry to become the general manager to alleviate his work load.  Anyway, I laughed and said ďI will not accept a manager who is going to tell me how I will do my job. I will stick a note on my door stating ĎNo talk. No touch. No eye contactĒ.

General manager from outside the industry is hired and starts overseeing the entire company but me to his great annoyance. I report directly to the owner of the company when and if necessary, but usually am doing my own thing solving complex client problems and taking care of internal company issues. General manager tried to boss me around, but I shut him down immediately politely and professionally. Being a pretend SWAMI rocks..I will act for the good of the company only and disregard office politics. Just 3 years more of being pretend SWAMI..then I will be the real thing.

A hard but good line you take there, much respect @GeeVee. Epic in that you act confidently while not actually FI. Epic!

GeeVee

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Re: Epic FU money stories
« Reply #3568 on: December 20, 2020, 04:44:26 AM »
Thank you, @BicycleB. Over the years, I have seen the ego inflating effect the title manager has on people and have found those people incredibly boring. As such, I am trying to be the manager which I would like have had myself, somebody who will stand up for what they believe is right and protect people who need protection regardless of the fall out. I also treat the owner of the company with kindness and take over work from him as well when he gets overwhelmed.

On the other hand, a coworker said that ďyou can try to mess with Geevee, but the last thing you want is Geevee messing with you.Ē  Kindness should not be taken as weakness. I have very firm boundaries.

Sandi_k

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Re: Epic FU money stories
« Reply #3569 on: December 20, 2020, 11:07:47 AM »

Hmm.  Now that I think on it, it may have been partially inspired by the Head Bug Wrangler title that Kareen Koudelka snags instead of lab assistant in A Civil Campaign...

Love the reference to LMB - my favorite SF series of all time. I <3 Miles.

Wolfpack Mustachian

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Re: Epic FU money stories
« Reply #3570 on: January 01, 2021, 06:53:49 PM »
FU money moment: One day before vacation, learn that I have a new "interim" boss in the monthly revolving door that is management. Then that afternoon, email says that new boss wishes to meet *later* that afternoon. Then in the evening, new boss texts me several more times to meet. Did not reply. The last thing I needed was some seed of concern planted in my mind right before vacation by my interim boss! Thx, FU money!

This is great! Avoiding nonsense like whatever "emergency" needs your attention by someone who doesn't even know anything that's going on because they're new to their own job right before you're going to be on vacation and not work on it is a wonderful FU money application!

Fru-Gal

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Re: Epic FU money stories
« Reply #3571 on: January 01, 2021, 07:52:15 PM »
Thx for getting it exactly, @Wolfpack Mustachian -- I proudly shared this with my mom & she did not get it at all LOL. Hmm maybe because I did not say anything about FU money? Regardless, does not 100% require FU money to do this, this is basic mental health preservation/boundary-setting.

NorthernMonkey

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Re: Epic FU money stories
« Reply #3572 on: January 02, 2021, 12:52:02 PM »
I used to work for a Dutch multi-national shipping firm.    One of the megacorporation companies had a business deal where they prepared a report, then went thru a manual ritual to confirm that their printed report matched their business partner's printed report.   It gets better.   The business partner company was purchased by the megacorporation and then they were migrated to work off the exact same database.

And, you guessed it, they still met to manually confirm that their printed reports matched!   Took them years before someone figured it out!

My first job in IT was in 1999, working on getting rid of anything without a 'year 2000 ok' sticker.
In the server room was this huge wardrobe sized machine with two dinner place sized tape reels, which every day recorded some critical production data, was then put in a big box, and overnight couriered to the largest customer. This data was Critical, with a capital C. This machine must be kept running.

We phoned up the IT team of the customer, and asked them about it. It turned out they had a similar machine, that was kept just because we kept sending them these tapes, but it would be much easier for them if we could email it over instead.


rpr

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Re: Epic FU money stories
« Reply #3573 on: January 02, 2021, 02:55:59 PM »
@NorthernMonkey -- that was funny. Thanks.

DrinkCoffeeAndStackMoney

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Re: Epic FU money stories
« Reply #3574 on: January 04, 2021, 10:42:38 AM »
A couple years ago my current employer tried to force me to cancel a vacation that I had planned ten months earlier so I could attend training in Denver. They stated that this shouldn't be an issue since they gave me five weeks notice. I told them it wasn't about the notice, it was about their request interfered with a vacation I had planned almost a year in advance. When they tried to push me harder to cancel I told them that I would not be cancelling my plans regardless of consequence, and if it was that big of an issue they could just have my last check ready the day I left for vacation. Needless to say they not only backed down and rescheduled the training, but I got a huge promotion a year later. That was the first time I realized the power of FU money.


Uturn

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Re: Epic FU money stories
« Reply #3575 on: January 04, 2021, 11:30:32 AM »
My company transferred me from TX to NC to be a Sr Security Engineer in our SOC.  I also agreed to be an escalation point for the NOC since I also have a ton of networking experience and years of experience in an older technology that the company makes a ton of money supporting. I was soon doing only NOC things and not security, and I let it go on far too long.  I finally had enough and last February, I set a meeting with my boss.  I told him that I was not transferred here to be a network engineer, I agreed to be a security engineer.  It's not like I am asking to do something the company does not need, nor am I asking to be moved to a position that I am not qualified for. He started to give me the needs of the company speech.  I replied with "I've been with this company for 5 years in 3 roles across two states, I have a lot of institutional knowledge about our company and our customers.  I also will do security engineering, you just need to decide if I do it for this company or another one." 

Suddenly, the needs of the company changed and I have been extremely happy in my security role.

SwordGuy

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Re: Epic FU money stories
« Reply #3576 on: January 04, 2021, 01:00:25 PM »
My company transferred me from TX to NC to be a Sr Security Engineer in our SOC.  I also agreed to be an escalation point for the NOC since I also have a ton of networking experience and years of experience in an older technology that the company makes a ton of money supporting. I was soon doing only NOC things and not security, and I let it go on far too long.  I finally had enough and last February, I set a meeting with my boss.  I told him that I was not transferred here to be a network engineer, I agreed to be a security engineer.  It's not like I am asking to do something the company does not need, nor am I asking to be moved to a position that I am not qualified for. He started to give me the needs of the company speech.  I replied with "I've been with this company for 5 years in 3 roles across two states, I have a lot of institutional knowledge about our company and our customers.  I also will do security engineering, you just need to decide if I do it for this company or another one." 

Suddenly, the needs of the company changed and I have been extremely happy in my security role.

Perfectly done.  I bow to your expertise in explaining your FU Money position.

BicycleB

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Re: Epic FU money stories
« Reply #3577 on: January 04, 2021, 02:04:14 PM »
My company transferred me from TX to NC to be a Sr Security Engineer in our SOC.  I also agreed to be an escalation point for the NOC since I also have a ton of networking experience and years of experience in an older technology that the company makes a ton of money supporting. I was soon doing only NOC things and not security, and I let it go on far too long.  I finally had enough and last February, I set a meeting with my boss.  I told him that I was not transferred here to be a network engineer, I agreed to be a security engineer.  It's not like I am asking to do something the company does not need, nor am I asking to be moved to a position that I am not qualified for. He started to give me the needs of the company speech.  I replied with "I've been with this company for 5 years in 3 roles across two states, I have a lot of institutional knowledge about our company and our customers.  I also will do security engineering, you just need to decide if I do it for this company or another one." 

Suddenly, the needs of the company changed and I have been extremely happy in my security role.

@Uturn made them do a Uturn!

zolotiyeruki

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Re: Epic FU money stories
« Reply #3578 on: January 04, 2021, 04:07:38 PM »
"you just need to decide if I do it for this company or another one." 
Wow, that's putting it rather pleasingly bluntly.  Did you say it in those words? :D

Ladychips

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Re: Epic FU money stories
« Reply #3579 on: January 04, 2021, 06:25:09 PM »
My company transferred me from TX to NC to be a Sr Security Engineer in our SOC.  I also agreed to be an escalation point for the NOC since I also have a ton of networking experience and years of experience in an older technology that the company makes a ton of money supporting. I was soon doing only NOC things and not security, and I let it go on far too long.  I finally had enough and last February, I set a meeting with my boss.  I told him that I was not transferred here to be a network engineer, I agreed to be a security engineer.  It's not like I am asking to do something the company does not need, nor am I asking to be moved to a position that I am not qualified for. He started to give me the needs of the company speech.  I replied with "I've been with this company for 5 years in 3 roles across two states, I have a lot of institutional knowledge about our company and our customers.  I also will do security engineering, you just need to decide if I do it for this company or another one." 

Suddenly, the needs of the company changed and I have been extremely happy in my security role.

Bravo!

Bloop Bloop Reloaded

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Re: Epic FU money stories
« Reply #3580 on: January 04, 2021, 08:54:32 PM »
then eventually the side gig became profitable enough that they quit their day jobs.

That might be the reason right there!

Holding someone back to force loyalty. Not really the person I would want to work for.

I used to think of this as salaried employees should be giving all their brain CPU cycles to the company.  Now that I have a life outside of my job, I no longer feel that way (for me), but I've seen enough people abuse their positions and "double dip" by doing outside work on company time that it still makes me leery.  And for a salaried employee, what exactly is "company time" vs. non-company time?  Most of my great ideas come to me at 4:30 am or in the shower in the morning. 

Then again, I just came to the conclusion that I've spent my entire life anxious about work --- even when I'm completely prepared and ready for anything, I'm still stressed and anxious. 

Anyway, FU money means I no longer care about this and people can do whatever they want.

I think it is enough if I give my 40 hours per week as average of my brainpower  to the company. That is what they pay me. Some weeks it is less and some weeks it is more. My brain is unfortunately sometimes unable to shut off and steals a bit more brainpower. Because I have flexible workhours I donít see it as as problem to do personal things during a workday, but I would not double dip.

I have never felt that I canít express my opinion at a workplace but I also realize I care less about company bs the more money I have.

When I was an employee I was only paid about 1/8 of what I billed so I figured it was only fair that I put in about 50% effort to the company (in fact, it should have been 12.5% effort but that low amount of effort would have gotten me fired). Otherwise I would take sick days, moonlight, do contract work for other clients (as long as there was no conflict) without telling my employer, etc

I wasn't paid enough to care. And the advantage of having, even at that time, a decent stash was that I wasn't afraid to be mercenary.

I still liked my work and my colleagues, for it wasn't their fault, but I was just indifferent to my employer as an entity.

I wouldn't expect any employee to care much, unless that employee was paid miraculously well, or was actually rather incompetent and therefore the job represented a bit of a charity drive.

BlueHouse

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Re: Epic FU money stories
« Reply #3581 on: January 06, 2021, 10:19:43 AM »
then eventually the side gig became profitable enough that they quit their day jobs.

That might be the reason right there!

Holding someone back to force loyalty. Not really the person I would want to work for.

I used to think of this as salaried employees should be giving all their brain CPU cycles to the company.  Now that I have a life outside of my job, I no longer feel that way (for me), but I've seen enough people abuse their positions and "double dip" by doing outside work on company time that it still makes me leery.  And for a salaried employee, what exactly is "company time" vs. non-company time?  Most of my great ideas come to me at 4:30 am or in the shower in the morning. 

Then again, I just came to the conclusion that I've spent my entire life anxious about work --- even when I'm completely prepared and ready for anything, I'm still stressed and anxious. 

Anyway, FU money means I no longer care about this and people can do whatever they want.

I think it is enough if I give my 40 hours per week as average of my brainpower  to the company. That is what they pay me. Some weeks it is less and some weeks it is more. My brain is unfortunately sometimes unable to shut off and steals a bit more brainpower. Because I have flexible workhours I donít see it as as problem to do personal things during a workday, but I would not double dip.

I have never felt that I canít express my opinion at a workplace but I also realize I care less about company bs the more money I have.

When I was an employee I was only paid about 1/8 of what I billed so I figured it was only fair that I put in about 50% effort to the company (in fact, it should have been 12.5% effort but that low amount of effort would have gotten me fired). Otherwise I would take sick days, moonlight, do contract work for other clients (as long as there was no conflict) without telling my employer, etc

I wasn't paid enough to care. And the advantage of having, even at that time, a decent stash was that I wasn't afraid to be mercenary.

I still liked my work and my colleagues, for it wasn't their fault, but I was just indifferent to my employer as an entity.

I wouldn't expect any employee to care much, unless that employee was paid miraculously well, or was actually rather incompetent and therefore the job represented a bit of a charity drive.
The difference between billing rate and salary should be understood well before acting out something like this.  There are people in the office whose work supports your efforts, but are considered indirect costs.  Your charge rate must cover their salaries.  It also has to cover the cost of equipment, facilities, fringe for all workers, etc. 
If you truly respected your colleagues, you wouldn't approach this as a transaction that can be understood unless you know the overhead rates of your company. 

RyanAtTanagra

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Re: Epic FU money stories
« Reply #3582 on: January 06, 2021, 10:42:13 AM »
The difference between billing rate and salary should be understood well before acting out something like this.  There are people in the office whose work supports your efforts, but are considered indirect costs.  Your charge rate must cover their salaries.  It also has to cover the cost of equipment, facilities, fringe for all workers, etc. 
If you truly respected your colleagues, you wouldn't approach this as a transaction that can be understood unless you know the overhead rates of your company.

This.  I hear people often who see the top line and think that's the bottom line.  'They charge X but it only costs Y to make', and don't realize how many other things there are in between.

markbike528CBX

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Re: Epic FU money stories
« Reply #3583 on: January 06, 2021, 01:28:57 PM »
The difference between billing rate and salary should be understood well before acting out something like this.  There are people in the office whose work supports your efforts, but are considered indirect costs.  Your charge rate must cover their salaries.  It also has to cover the cost of equipment, facilities, fringe for all workers, etc. 
If you truly respected your colleagues, you wouldn't approach this as a transaction that can be understood unless you know the overhead rates of your company.

This.  I hear people often who see the top line and think that's the bottom line.  'They charge X but it only costs Y to make', and don't realize how many other things there are in between.

It does indicate what the market will bear.  My charge-out rate was a 4x what my gross salary was.  It was sort of irritating.   
I understand supporting needed people like admins/secretaries and the accountants, and to a lesser extent, salespersons* as I certainly don't want their jobs, and they make my work life far easier.   I've done some minor accounting stuff as a project manager and was forced to do admin stuff (time cards, word processing etc) and I didn't delight in those tasks.  I mostly objected to supporting upper management getting paid big for making my work life more difficult.

I've thought that a fair contractor charge rate was about 1/3 to 1/2 of my wage-earner chargeout rate.   I haven't been temped to verify this, as I'm happily FIRED

*However, hanging out with salespeople is hard on the liver due to excessive drinking.  Also I have a gift of telling the truth and not being believable, so I suck at sales.

Oh yeah, I forgot that even I was not billable some of the time, like when I was on the MMM forum at work :-).  My actual on-site work at the customers was basically about 2 months a year, with the rest of the year preparation for those two months.

Edit to note that I was sometimes "overhead" myself.
« Last Edit: January 07, 2021, 11:35:45 AM by markbike528CBX »

TomTX

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Re: Epic FU money stories
« Reply #3584 on: January 07, 2021, 10:52:01 AM »
The difference between billing rate and salary should be understood well before acting out something like this.  There are people in the office whose work supports your efforts, but are considered indirect costs.  Your charge rate must cover their salaries.  It also has to cover the cost of equipment, facilities, fringe for all workers, etc. 
If you truly respected your colleagues, you wouldn't approach this as a transaction that can be understood unless you know the overhead rates of your company.

An 8x "overhead rate" is insane.

Some overhead? Sure.

8x? No Freaking Way - and I have spent years overseeing consultant contracts where I know exactly what the worker is paid and what the charge rate is.

grantmeaname

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Re: Epic FU money stories
« Reply #3585 on: January 07, 2021, 11:08:46 AM »
100% of your time is client billable? In law and accounting firms it's more like 50%, and worse for more senior employees.

You take a 2.5-3.5x overhead rate and 50% billability, and 8x seems pretty reasonable.

Dreamer40

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Re: Epic FU money stories
« Reply #3586 on: January 07, 2021, 11:38:22 AM »
Hello inspirational lovelies! Iím a longtime lurker and MMM article reader. I feel like my introduction belongs in the epic FU money story thread.

Iím 40 years old, female, married, no kids. Iím a federal attorney who has mostly hated being an attorney since I became one at 27. Parts of it are ok and I'm good at it, but I fell into a litigator role and going to court has always completely stressed me out. But Iíve been sticking it out because I was interested in the subject matter and I could get the job done in 40 hours a week. Iíve been slowly creeping toward FIRE but also spent a lot on travel adventures in my 30s (which Iím now glad I did while I could pre-covid!).

For the past few years, the work environment has been slowly going downhill, and the quantity of work skyrocketing. The faster I work to keep up, the more bonus work Iím assigned because Iím ďefficient.Ē Iím now routinely up at night stressing about work with no improvements in sight. I started grumbling to my supervisors about burnout and retirement a few months ago. Yesterday I finally said I would consider not retiring soon if they would reassign my court appearances and give me more other work instead. A supervisor called my retirement comment ďcharming" and made no promises. So I put in my notice today. Iíll work another 2 months to finish up some pending assignments. My last day will be the day before a scheduled court appearance so theyíll have to find someone to cover it after all. My supervisor said she thought I was kidding about the retirement thing and all the big bosses asked if there was anything they could do to change my mind. Sounds like they'd now be happy to let me out of the court appearances. Nah, that's ok.

I was about 2 years away from the slightly-fat FIRE we wanted (not counting my deferred pension, which will just be bonus money when I can start collecting it in 22 years). But my husband is happy to work longer to get us there and heís truly interested in his career. He'll probably work quite a bit longer even after we reach the FI level we have in mind. Iím excited to handle our cooking and do things to make his life easier. I love cooking. I even  enjoy cleaning my house since I like my house and keeping my stuff nice. There are all kinds of jobs I might like to try someday after I recover from burnout. I miss having different temporary jobs where I worked with people who weren't lawyers. But for now, Iím going to wait for a covid vaccine and fulfill my spring gardening dreams. Iím going to build a bamboo trellis and grow peas this year!!!

Alternatepriorities

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Re: Epic FU money stories
« Reply #3587 on: January 07, 2021, 11:50:59 AM »
Well played Dreamer40! Congratulations on your early retirement.

AMandM

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Re: Epic FU money stories
« Reply #3588 on: January 07, 2021, 01:00:09 PM »
Congratulations Dreamer40!  Enjoy your garden and your house!

A supervisor called my retirement comment ďcharming" and made no promises.

In your shoes, that might have made me quit on the spot.

AO1FireTo

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Re: Epic FU money stories
« Reply #3589 on: January 07, 2021, 01:22:18 PM »
Hello inspirational lovelies! Iím a longtime lurker and MMM article reader. I feel like my introduction belongs in the epic FU money story thread.

Iím 40 years old, female, married, no kids. Iím a federal attorney who has mostly hated being an attorney since I became one at 27. Parts of it are ok and I'm good at it, but I fell into a litigator role and going to court has always completely stressed me out. But Iíve been sticking it out because I was interested in the subject matter and I could get the job done in 40 hours a week. Iíve been slowly creeping toward FIRE but also spent a lot on travel adventures in my 30s (which Iím now glad I did while I could pre-covid!).

For the past few years, the work environment has been slowly going downhill, and the quantity of work skyrocketing. The faster I work to keep up, the more bonus work Iím assigned because Iím ďefficient.Ē Iím now routinely up at night stressing about work with no improvements in sight. I started grumbling to my supervisors about burnout and retirement a few months ago. Yesterday I finally said I would consider not retiring soon if they would reassign my court appearances and give me more other work instead. A supervisor called my retirement comment ďcharming" and made no promises. So I put in my notice today. Iíll work another 2 months to finish up some pending assignments. My last day will be the day before a scheduled court appearance so theyíll have to find someone to cover it after all. My supervisor said she thought I was kidding about the retirement thing and all the big bosses asked if there was anything they could do to change my mind. Sounds like they'd now be happy to let me out of the court appearances. Nah, that's ok.

I was about 2 years away from the slightly-fat FIRE we wanted (not counting my deferred pension, which will just be bonus money when I can start collecting it in 22 years). But my husband is happy to work longer to get us there and heís truly interested in his career. He'll probably work quite a bit longer even after we reach the FI level we have in mind. Iím excited to handle our cooking and do things to make his life easier. I love cooking. I even  enjoy cleaning my house since I like my house and keeping my stuff nice. There are all kinds of jobs I might like to try someday after I recover from burnout. I miss having different temporary jobs where I worked with people who weren't lawyers. But for now, Iím going to wait for a covid vaccine and fulfill my spring gardening dreams. Iím going to build a bamboo trellis and grow peas this year!!!

Being a lawyer, you certainly have a skill set that could lead to a variety of interesting careers if you wanted.  Take the parts of the law you enjoy and design a new job.

Abe Froman

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Re: Epic FU money stories
« Reply #3590 on: January 07, 2021, 01:30:52 PM »
Well played Dreamer40! Congratulations on your early retirement.

Charming even.

goat_music_generator

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Re: Epic FU money stories
« Reply #3591 on: January 07, 2021, 02:42:51 PM »
Hello inspirational lovelies! Iím a longtime lurker and MMM article reader. I feel like my introduction belongs in the epic FU money story thread.

Iím 40 years old, female, married, no kids. Iím a federal attorney who has mostly hated being an attorney since I became one at 27. Parts of it are ok and I'm good at it, but I fell into a litigator role and going to court has always completely stressed me out. But Iíve been sticking it out because I was interested in the subject matter and I could get the job done in 40 hours a week. Iíve been slowly creeping toward FIRE but also spent a lot on travel adventures in my 30s (which Iím now glad I did while I could pre-covid!).

For the past few years, the work environment has been slowly going downhill, and the quantity of work skyrocketing. The faster I work to keep up, the more bonus work Iím assigned because Iím ďefficient.Ē Iím now routinely up at night stressing about work with no improvements in sight. I started grumbling to my supervisors about burnout and retirement a few months ago. Yesterday I finally said I would consider not retiring soon if they would reassign my court appearances and give me more other work instead. A supervisor called my retirement comment ďcharming" and made no promises. So I put in my notice today. Iíll work another 2 months to finish up some pending assignments. My last day will be the day before a scheduled court appearance so theyíll have to find someone to cover it after all. My supervisor said she thought I was kidding about the retirement thing and all the big bosses asked if there was anything they could do to change my mind. Sounds like they'd now be happy to let me out of the court appearances. Nah, that's ok.

I was about 2 years away from the slightly-fat FIRE we wanted (not counting my deferred pension, which will just be bonus money when I can start collecting it in 22 years). But my husband is happy to work longer to get us there and heís truly interested in his career. He'll probably work quite a bit longer even after we reach the FI level we have in mind. Iím excited to handle our cooking and do things to make his life easier. I love cooking. I even  enjoy cleaning my house since I like my house and keeping my stuff nice. There are all kinds of jobs I might like to try someday after I recover from burnout. I miss having different temporary jobs where I worked with people who weren't lawyers. But for now, Iím going to wait for a covid vaccine and fulfill my spring gardening dreams. Iím going to build a bamboo trellis and grow peas this year!!!

Woot, congrats! Similar garden dreams here -- I'm planning on snow peas :-)

Trifele

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Re: Epic FU money stories
« Reply #3592 on: January 07, 2021, 02:45:39 PM »
Congratulations Dreamer40!  Enjoy your garden and your house!

A supervisor called my retirement comment ďcharming" and made no promises.

In your shoes, that might have made me quit on the spot.

+1.   REing is the next sweetest revenge.  :)

@Dreamer40 have you checked out the 2021 FIRE Cohort?  Nice group.  https://forum.mrmoneymustache.com/welcome-to-the-forum/2021-fire-cohort/700/?topicseen

AlanStache

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Re: Epic FU money stories
« Reply #3593 on: January 07, 2021, 02:50:45 PM »
100% of your time is client billable? In law and accounting firms it's more like 50%, and worse for more senior employees.

I have spend the vast majority of my 15 years with my current employer on direct charge numbers; overall I would guess I am near 95%.  There have been many years that were effetely 100%.  #EngineerLife

Dreamer40

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Re: Epic FU money stories
« Reply #3594 on: January 07, 2021, 02:51:52 PM »
Thanks, everyone! Boy was the supervisor who made the charming comment surprised... Worth it purely for the shock factor! She's also someone who has been retirement-eligible for awhile, was out for a long time after an injury, but came back and is still hanging onto the job. I don't think she can fathom anyone walking away.

Only 55 days till I officially separate. That's hardly enough time to plan what bottle of champagne I want to drink.

Yay for snow peas! My mother-in-law lives down the street from me and just sent over some beautiful landscaping books. She's excited, too.

I'll check out the 2021 cohort thread - thanks!

Mrs. Sloth

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Re: Epic FU money stories
« Reply #3595 on: January 07, 2021, 07:51:20 PM »

For the past few years, the work environment has been slowly going downhill, and the quantity of work skyrocketing. The faster I work to keep up, the more bonus work Iím assigned because Iím ďefficient.Ē

This has been my problem in my career. I am shit on with more work and more complex work because I have the capability to handle it but working for the government means I am only awarded with more work and stress w/o more in pay. Well, I am tired of it all and cant wait for FIRE myself!

Congrats on an EPIC exit to FIRE!!!

BuffaloStache

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Re: Epic FU money stories
« Reply #3596 on: January 08, 2021, 07:24:43 AM »
Echoing others- congrats and well done!


For the past few years, the work environment has been slowly going downhill, and the quantity of work skyrocketing. The faster I work to keep up, the more bonus work Iím assigned because Iím ďefficient.Ē

This has been my problem in my career. I am shit on with more work and more complex work because I have the capability to handle it but working for the government means I am only awarded with more work and stress w/o more in pay. Well, I am tired of it all and cant wait for FIRE myself!

Congrats on an EPIC exit to FIRE!!!

I was in the same boat, but then left the company that was "rewarding" me. It's odd, but I've definitely tempered expectations at the new job, and I'm getting promotions and raises like I never did at the old company. I don't understand it, but it's working...

WhiteTrashCash

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Re: Epic FU money stories
« Reply #3597 on: January 08, 2021, 08:07:05 AM »

For the past few years, the work environment has been slowly going downhill, and the quantity of work skyrocketing. The faster I work to keep up, the more bonus work Iím assigned because Iím ďefficient.Ē

This has been my problem in my career. I am shit on with more work and more complex work because I have the capability to handle it but working for the government means I am only awarded with more work and stress w/o more in pay. Well, I am tired of it all and cant wait for FIRE myself!

Congrats on an EPIC exit to FIRE!!!

Those kinds of work expectations and lack of reward are typical with jobs on Hillbilly Mountain, which is why people have learned not to work hard or try to advance themselves. It's a sad situation.

Alternatepriorities

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Re: Epic FU money stories
« Reply #3598 on: January 08, 2021, 01:21:48 PM »
Most of these stories are understandably work related but another thread reminded me of a time frugality gave me the money to flip the bird to a nonwork problem.

I'd been working full time for just over a year and as I was still living like I had in college I'd stashed a bit of cash. My mother was an alcoholic and my brother and I learned that her house was being foreclosed because she'd been missing payments. After looking at the numbers my brother suggested we combine our savings an buy it from her. Turned out she was too far removed from reality to sign the paperwork, but her small town bank worked with us foreclosing the house and selling it to us the same day. She lived there for the rest of her life and honestly I'm still not sure she understood why her house wasn't foreclosed. Our sisters were not left homeless and when our mother died ~18 months later the sale of the house covered the cost of her funeral, helping them move, and even gave us all a small inheritance. None of that would have been possible if my brother and I hadn't been so frugal before hand.

Plina

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Re: Epic FU money stories
« Reply #3599 on: January 08, 2021, 01:43:00 PM »

For the past few years, the work environment has been slowly going downhill, and the quantity of work skyrocketing. The faster I work to keep up, the more bonus work Iím assigned because Iím ďefficient.Ē

This has been my problem in my career. I am shit on with more work and more complex work because I have the capability to handle it but working for the government means I am only awarded with more work and stress w/o more in pay. Well, I am tired of it all and cant wait for FIRE myself!

Congrats on an EPIC exit to FIRE!!!

Those kinds of work expectations and lack of reward are typical with jobs on Hillbilly Mountain, which is why people have learned not to work hard or try to advance themselves. It's a sad situation.

I would say it fairly typical in many companies and government. I worked in consultancy and business was always good except in april-may when it was time for the salary talks. The cost was up and the market unstable.

I set the expectations in my current position of what I was interested in and not interested in. I am happy to pitch in more than 40 hours sometimes, but 40 hours are my baseline. I told the owner of the lawfirm that I donít want the job to become my life. I was offered to work parttime or fulltime based on my preference. As long as I deliver according to the agreed expectations I am having a lot of freedom. If you have to much, you have to say that and ask what the boss wants you to prioritize between. I have seen many colleagues burnout due to a bad combination of not saying no at work or in private life. I am not going to let that happen to me. No job is worth that.