Attire Irony posted:

Re: mathchat- I got kicked out of military aviation and it all started with a check pilot refusing to believe that I could figure out 90% of 200 in <10 seconds.

Bwm for me because it was a 50% raise if I’d passed, BWM for the taxpayer after $2.5m worth of training

E: babby’s first snipe

Alan Smithee posted:

I'm gonna need more context

Attire Irony posted:

It’s exactly as insane as it sounds. On a radial approaching an arc, airspeed of ~200 kts. Taught to use 10% of airspeed to determine turn point (100%-10% of 200kt = 1.8nm). Turned at 1.8 dme and got chewed out. “I always just turn at 1 nm and make it work”
Shortly thereafter I almost got an academic misconduct charge for doing more mental math. I figured out 2/3 of 800 seconds, and in the same lesson figured that an AC at 10 dme was >3 miles away from another AC at 10dme because it was 60 radials different (if not familiar with the math, it’s a 10 mile difference - no precision needed). Instructor was convinced that someone had fed me the numbers since neither of those maths are humanly possible and I was either guessing or cheating

I would blow Dane Cook posted:

Alan Smithee posted:

undoubtedly a shitpost but

quote:

Tim Akers, or "Tim" as I knew him, is one of those one of a kind professionals you come across. If he isn't wowing clients with tales of his Real Tennis career, he is showing you various clips and articles about Real Tennis, a game that he claims exists. I would only recommend Tim if you were looking for someone in a role that was at least tangentially related to the game Real Tennis. 3 Stars

quote:

Tremendous young man. Strong, and can keep a secret. He can keep a secret as long as he lives, and he will. I know he will, and he knows the consequences if he doesn't. Great with Microsoft Office

Animal posted:

This week I'm working with a baby boomer who's lost one million dollars over the last three years to his side business, a trucking company he formed with three old semi trucks from 2003 that keep breaking down. He told me that in 2019 he shoved so much money from his regular job pay into the side business that he and his wife were left with just $18,000 net income to live for the whole year. I suspect he's not even contributing to his 401k because he evaded that question, and we have a generous match. This is a guy who makes over $150,000 a year as an airline pilot. I asked him why he hasn't given up on this alarmingly bad business that he doesn't need at all, and he says that if he perseveres he expects the trucking business to be self sufficient at some point and before he retires (in 5 years) it should be producing at least $3,000 net a month for him to live and that's his retirement plan. I explained to him that if he had put all that money into the S&P 500 and kept maxing out all his tax advantaged retirement accounts he would have way more than $3,000 a month during retirement. This seems to have pissed him off as if I was being insolent, and he tried to explain to me like I'm a child how once you put that much money into a business you'd be crazy to just walk away. I was gonna explain the sunk cost fallacy to him but decided to change the subject so that we can keep a working relationship for the next week.

Edit: he also told me that I should stop putting so much money into my 401k and IRA and buy rental properties. That's the ticket. That's what he should have done.

quote:

Tremendous young man. Strong, and can keep a secret. He can keep a secret as long as he lives, and he will. I know he will, and he knows the consequences if he doesn't. Great with Microsoft Office

paternity suitor posted:

I have a friend who started making about a quarter mil a year a few years back, and received a giant chunk of money from his family, and him and his wife decided to start a VERY capital intensive side business instead of plowing it all into the stock market. It makes me sad. Like...you could be set for life. For better or worse, there's always going to be this pull to create a business for some people. It's the only way they can envision "success". When presented with straightforward path to living a low stress, great life that 99.99% of the world couldn't dream of, they say Not Today.

KYOON GRIFFEY JR posted:

how do you lose a million dollars in trucking, just, how. drivers run you 80k/year grossed up with decent benefits package. three brand new class 8s is at most half a million bucks and they got a warranty and everythign

i get taking an op loss in the business, margins are tight and poo poo happens, but how do you lose $300k/year consistently?

Animal posted:

Yes, this is it, I think for him and a lot of people the image of success can only apply to successful business owners. Retired airline pilot with millions in the bank? Pfft, loser. Trucking company owner netting $3,000 a month?

Animal posted:

Yes, this is it, I think for him and a lot of people the image of success can only apply to successful business owners. Retired airline pilot with millions in the bank? Pfft, loser. Trucking company owner netting $3,000 a month?

paternity suitor posted:

I know I'm a weirdo because I think the idea of being a regular person with a regular job, but being completely set financially, is cool as hell. I love when someone is a retired teacher but has two paid off houses, a pile of money, and sick pension. That's way cooler to me than someone who opened a jetski rental place or some stupid poo poo.

Animal posted:

He says the biggest loss is payroll, followed by the tucks breaking down and needing expensive repairs (he bought old trucks), I don’t know what else and he probably is not entirely sure either. His wife is doing all the accounting.

Cyrano4747 posted:

New small business owner? Even money that he bought used trucks for way more than they were worth and in much worse condition than he thought.

quote:

I [46M] promised my son [18M] that his mother and I would match whatever he saved for a car upon his high school graduation. He ended up with a lot more than we could have predicted, and now we don’t know what to do.

When he turned 16 and got his license, we allowed him to use an old car from a relative. At that time, my son had around $5k in savings. We made him a promise saying that we’d match whatever he ended up with at graduation. Reasonably, we thought he’d maybe double that to $10k through jobs and we’d match for a reasonable $20k car.

He now has $35k to use for a car. He said he did have a little over $10k but that he bought smart stock options in April and now will have around $35k after tax (personally I don’t think he did anything besides get stupid lucky).

He is insisting that we follow through with our promise and match that. Financially, it’s not a huge dent for us since he also surprised us with a nice merit scholarship (that he did earn). The problem arises in that we really don’t want to break the promise we made to him, but we also strongly believe that an 18 year old driving around in a SEVENTY THOUSAND DOLLAR car is a very bad idea. He can’t even take it to school until his sophomore year, and the insurance on that will be a nightmare.

What I am asking is, would the better course of action be to break the promise, and likely face resentment? Or keep it and cough up the money?

Thanks in advance for the advice.

Leon Trotsky 2012 posted:

https://www.reddit.com/r/relationship_advice/comments/gswmw3/i_46m_promised_my_son_18m_that_his_mother_and_i/

Bird in a Blender posted:

Who the hell is teaching kids about this poo poo?

paternity suitor posted:

He’s 18, his brain isn’t fully done yet

Hoodwinker posted:

Yeah, the tantrum he might throw is mild compared to the lesson he learns blowing so much on a goddamn car that young. Try to explain to him why he shouldn't do it and if he flips out just ground him, because he is still literally a child.

Sundae posted:

Agreed. Still, put that money into an account for him, just not for a car. That feels like the ideal compromise there; you don't renege on the deal to match his money, but you definitely stop him from buying a $70K car.

Leon Trotsky 2012 posted:

https://www.reddit.com/r/relationship_advice/comments/gswmw3/i_46m_promised_my_son_18m_that_his_mother_and_i/