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Slow Motion posted:If I accepted a significant pay cut (think salaried at 60k) though I would not have to be out of work for more than a couple weeks. I'd get this idea out of your head pretty quick. Everyone thinks this, and it rarely happens as easily as that.
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Jan 29, 2014 00:08
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Slow Motion posted:200 aint gonna happen Hearing that wake up call yet? Maybe 10 hour days aren't sustainable, why can't you just target 8 hours a day like most working people? Is your firm so cutthroat that only working 40 hours a week isn't enough? Maybe you'd be happier in a career with less pressure, it sounds exhausting. All this work stress contributes directly towards your desire to baller it up constantly, because you feel that you've earned it by working so hard. You need to re-evaluate your life. You've convinced yourself that you have your poo poo together and that you're on your way to being CEO, but honestly you sound deeply unhappy and depressed. Have you had an actual relationship with anyone since your ex-wife or have they all been one night stands or brief flings? Is there anyone in your life who's looking out for your wellbeing besides yourself? WampaLord fucked around with this message at 00:20 on Jan 29, 2014 |
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Jan 29, 2014 00:18
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Rudager posted:I'd get this idea out of your head pretty quick. He probably has recruiters calling him all the time. Most people that work in this industry could easily have a job by the time the ink dries on his pink slip. But, emergency fund is still important in case he gets hit by some hipster darting his fixie on and off the sidewalk and can't work for a few months. E: 10 billable hour days are totally doable for long periods of time. You don't have a wife to nag you for not coming home until late, bang those 10 billables out, kid. Bloody Queef fucked around with this message at 00:20 on Jan 29, 2014 |
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Jan 29, 2014 00:18
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Slow Motion posted:Edit - I forgot that I don't have this weekend to bill this month. 200 aint gonna happen Whoopsie. Don't forget that February is a slightly shorter month when thinking about next month's billables. This is why things like reality rather than just random lofty goals are good to keep in mind when coming up with your numbers.
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Jan 29, 2014 00:40
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Slow Motion posted:I would like an emergency fund. That was actually my number one concern with taking out the 401k loan; it reduces my available 'poo poo-hit-the-fan' money. Besides that my emergency management plan is temporarily reliant on credit (above the 3k I try to keep under my checking account at all times). This is why we keep harping on you about the apartment. If poo poo hit the fan and you had an apartment at half the rent, you are way better off with whatever emergency fund you hopefully have.
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Jan 29, 2014 00:44
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He was never going to get to 200 hours this month. Only worked one weekend and averages 7.5 hours per working day (18 days so far not counting weekends this month with 135 hours total). Which means 30 more hours this week fora total of 165 hours. Very respectable and will put him on a path out of debt and to one of not getting fired. Next month 200 is unlikely as well. 20 working days instead of 22 and the first weekend is seahawks. So based on the trend for January he will hit 150 hours. A solid month and I would say a solid minimum goal.
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Jan 29, 2014 00:46
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WampaLord posted:Hearing that wake up call yet? Maybe 10 hour days aren't sustainable, why can't you just target 8 hours a day like most working people? Is your firm so cutthroat that only working 40 hours a week isn't enough? You need to pay more attention instead of just chiming in like you have something important to contribute. 8 billable hours are different than 8 hours at work. This has been answered multiple times and anyone that blows anything about finance understands this. Go back to your amazon shopping and leave your inane comments to yourself. You are not being helpful and are casting yourself in a very negative way.
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Jan 29, 2014 00:57
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No one spends their 40 hour work week working for 40 hours. I mean, we all most in this thread, no?
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Jan 29, 2014 01:02
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^yup, at work ten hours a day. Maybe actually work 8 with lunch, breaks, and BSing. As long as I get my work done no one cares.something clever posted:You need to pay more attention instead of just chiming in like you have something important to contribute. 8 billable hours are different than 8 hours at work. This has been answered multiple times and anyone that blows anything about finance understands this. I thought we ask just skim read his posts to see if he bought more cookware or weed. spwrozek fucked around with this message at 01:05 on Jan 29, 2014 |
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Jan 29, 2014 01:03
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Besides, didn't SloMo say he was targeting 7 billable hours, but would shoot higher for 10? Hell, I'm just proud he worked hours over the weekend. Keep going, SloMo!
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Jan 29, 2014 01:04
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I'm looking forward to the January report. A bunch of immediate stressors were removed, SloMo had a chance to cast some of his future achievements in terms of New Year's goals, he had some solid one-month goals to achieve, and now he gets to create some new goals based on that. He has a new chunk of 401k loan money coming soon, so when we get around to Thursday, February 6, he'll probably be able to tell us how much he plans to spend that weekend in addition to demonstrating how the loan reduced his interest payments. I'd even give good odds related to a graph showing his expected debt payoff period and total monies lost to interest, relative to his weekly average billable hours.
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Jan 29, 2014 01:05
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spwrozek posted:Next month 200 is unlikely as well. 20 working days instead of 22 and the first weekend is seahawks. So based on the trend for January he will hit 150 hours. A solid month and I would say a solid minimum goal. Just out of curiosity, where are you getting your benchmark from and the idea that 150 hours is a "solid month"? I'm not familiar with the finance industry so I can't say for sure, but I know that 150-160 hours per month will leave you at between 1800 - 2000 hours billed for the year, which in some billable industries would be considered quite poor, as 2000 is usually a minimum benchmark for the year. Again, I'm not familiar with what the average finance professional bills so if that is a high number for the industry, okay, I just know that in many billable fields, it would not be considered solid. HooKars fucked around with this message at 01:15 on Jan 29, 2014 |
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Jan 29, 2014 01:12
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I'm also looking forward to the photoshoot with kitchenware.
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Jan 29, 2014 01:13
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i like nice words
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WampaLord posted:Have you had an actual relationship with anyone since your ex-wife or have they all been one night stands or brief flings? Is there anyone in your life who's looking out for your wellbeing besides yourself? Having people who care about you is good, but by no means should he be in a serious relationship right now. He's only been separated a few months. Hell, he's only been divorced for a week.
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Jan 29, 2014 01:27
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HooKars posted:Just out of curiosity, where are you getting your benchmark from and the idea that 150 hours is a "solid month"? I'm not familiar with the finance industry so I can't say for sure, but I know that 150-160 hours per month will leave you at between 1800 - 2000 hours billed for the year, which in some billable industries would be considered quite poor, as 2000 is usually a minimum benchmark for the year. Again, I'm not familiar with what the average finance professional bills so if that is a high number for the industry, okay, I just know that in many billable fields, it would not be considered solid. I think it depends on the firm but it sounds like at his place he can only bill productive hours. If you consider a year of work 2080 hours, 4 weeks vacation (160 hours), 7 holidays (56 hours), you end up at 1864 hours to bill. Most places I have worked (engineering not finance) shoot for a 90% utilization rate for the plebs doing the work. Which leaves you with 1678 hours to bill. That means you would need to bill 7.2 hours a day to reach that goal. Slow mo minimum is 108 a month or 1296 a year. So he only has to bill 5.5 hours a day to meet the min with no bonus. What does he need to do to not get fired I don't know. February is a short month (2 days less than the 22 working day average typically used) so 150 vs 165. Which I would think is OK, but it might be considered terrible. 7.5 hour days is 1750 billable hours if you use 233 working days a year. It seems like a good pace but ultimately it depends on the firm and how the bosses are. For reference the firm I was at during the recession was at 63% utilization for most of 2009-10 (luckily I had plenty of work). E: 90% utilization came from the fact we had staff meetings, training, non billable client meetings etc. Unless you just crunch numbers all day 100% utilization is hard (unless you are expected to work 9 or 10 hour days) spwrozek fucked around with this message at 01:38 on Jan 29, 2014 |
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Jan 29, 2014 01:32
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Edit^^^^ We don't measure this 'utilization' at all. It's hours billed directly to clients and then the profits split with the firm. There's a little tom-foolery about getting pre-tax benefits and a consistent salary but it evens out to me being pretty much hourly with a project by project reimbursement. HooKars posted:Just out of curiosity, where are you getting your benchmark from and the idea that 150 hours is a "solid month"? I'm not familiar with the finance industry so I can't say for sure, but I know that 150-160 hours per month will leave you at between 1800 - 2000 hours billed for the year, which in some billable industries would be considered quite poor, as 2000 is usually a minimum benchmark for the year. Again, I'm not familiar with what the average finance professional bills so if that is a high number for the industry, okay, I just know that in many billable fields, it would not be considered solid. Which fields are you familiar with? I've worked in finance and law and maintain friendships throughout. 2000 is considered a successful year outside of a few law firms. And those firms associates have a reputation for outright lying about hours. Anne Whateley posted:I'm also looking forward to the photoshoot with kitchenware. Alright. I'm on it. I have no Le Creuset, just the All-Clad sauce pan and Wusthof that somebody told Wampa to buy. I like them pretty well. Slow Motion fucked around with this message at 01:43 on Jan 29, 2014 |
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Jan 29, 2014 01:40
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spwrozek posted:I thought we just skim read his posts to see if he bought more cookware or weed. No more weed, but I did buy a few small cookware items. Came in exactly at my budget for the month! Inept posted:Having people who care about you is good, but by no means should he be in a serious relationship right now. He's only been separated a few months. Hell, he's only been divorced for a week. That's a good point, but all the one-night stands are probably contributing to his depression a bit. It's important to look for a deeper connection, or at least be open to the possibility. something clever posted:You need to pay more attention instead of just chiming in like you have something important to contribute. 8 billable hours are different than 8 hours at work. This has been answered multiple times and anyone that blows anything about finance understands this. If you don't care for my posts, feel free to ignore them. I'm not talking to you anyway. Slow Motion posted:Alright. I'm on it. I have no Le Creuset, just the All-Clad sauce pan and Wusthof that somebody told Wampa to buy. I like them pretty well. What exactly do you like about the All-Clad compared to a more "normal" sauce pan? I'm honestly curious.
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Jan 29, 2014 01:50
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spwrozek posted:I think it depends on the firm but it sounds like at his place he can only bill productive hours. I'm aware of this. Slow Motion posted:Which fields are you familiar with? I've worked in finance and law and maintain friendships throughout. 2000 is considered a successful year outside of a few law firms. And those firms associates have a reputation for outright lying about hours. Large law firms where 1800-1900 billed hours is considered the absolute minimum and 2000 is considered "target" but would often not be stand out enough to allow you to continue up the ranks to partner, for example). Obviously, it depends on the firm and industry, which is why I was curious as to whether 1800 would be considered solid in comparison to your peers and other people who work for your firm, or if there are even those types of minimums/targets in your profession that are used as a basis for continued employment or promotions. HooKars fucked around with this message at 02:02 on Jan 29, 2014 |
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Jan 29, 2014 01:53
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WampaLord posted:
It is totally reasonable to expect you to you know, read the thread before you post.
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Jan 29, 2014 02:32
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HooKars posted:Just out of curiosity, where are you getting your benchmark from and the idea that 150 hours is a "solid month"? I'm not familiar with the finance industry so I can't say for sure, but I know that 150-160 hours per month will leave you at between 1800 - 2000 hours billed for the year, which in some billable industries would be considered quite poor, as 2000 is usually a minimum benchmark for the year. Again, I'm not familiar with what the average finance professional bills so if that is a high number for the industry, okay, I just know that in many billable fields, it would not be considered solid. In financial consulting, the industry standard is 1700 - 1800 minimum billable hours for a staff level. A lot of client work is non billable. This generally reflects a 50-60 hour work week on average. You lose a lot of hours between trainings, meetings, client prospecting, etc.
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Jan 29, 2014 02:34
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HooKars posted:I'm aware of this. Sorry I wasn't trying to imply otherwise. Just telling you how it worked at the engineering firms I worked at.
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Jan 29, 2014 02:36
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WampaLord posted:No more weed, but I did buy a few small cookware items. Came in exactly at my budget for the month! "Guys, I know this is SloMo's thread, but can we please just talk about me?" Slomo, I agree that you're not in a good place for a romantic relationship right now, but what about other relationships? Do you have friends you can hang out with and genuinely confide in, or is it all just baller partying stuff?
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Jan 29, 2014 02:44
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None of this is helping Slomo or relevant to the conversation. Please make your own thread
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Jan 29, 2014 02:53
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WampaLord posted:What exactly do you like about the All-Clad compared to a more "normal" sauce pan? I'm honestly curious. All-clads are clad 18/10 stainless steel, which by virtue of the material is pretty much the gold standard for pans. They gain heat quickly, lose it slowly, and distribute it fairly evenly across whatever you're cooking. Also you can just shove 'em into the oven or dishwasher. All-clad in particular makes really nice pans with sturdy riveted construction and lifetime warranty and poo poo. That said, they're like three times the price of a Tramontina or twice the price of a Cusinart, and not really significantly better than either from what I've heard.
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Jan 29, 2014 03:00
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SloMo - What's the avg billed hours by your peers? I forget, I think you said it before but I forget... You've had a really solid month compared to your past recent months.Reiterpallasch posted:All-clads are clad 18/10 stainless steel, which by virtue of the material is pretty much the gold standard for pans. They gain heat quickly, lose it slowly, and distribute it fairly evenly across whatever you're cooking. Also you can just shove 'em into the oven or dishwasher. All-clad in particular makes really nice pans with sturdy riveted construction and lifetime warranty and poo poo. BTW, AllClad > *. I'm a poor so I have Kitchen Aid and Ikea. Nice enough, but not AllClad. Thankfully they solve my desire for AllClad too!
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Jan 29, 2014 03:19
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Just cook everything in an iron skillet. $20 and you're set for life.
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Jan 29, 2014 03:38
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I like All-Clad for the sturdiness and the heat distribution. I eat a lot of eggs. Trying to fry proper eggs on my current electric range sucks fat dicks with most pans. The copper core All-Clad is hand and fist above every other pan I've tried for that task in particular. Friend chat: I have several close friends and confidants. My best friend did just run away to China to teach English at the beginning of December. I don't think I've been depressed since the few months at the beginning of the year leading up to divorce.
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Jan 29, 2014 04:31
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$2k a month doesn't even get you a gas range? Ouch. Cooking on electric is so terrible.
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Jan 29, 2014 04:49
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Yeah it's one of those silly ceramic top ranges so popular with new apartments these days.Anne Whateley posted:I'm also looking forward to the photoshoot with kitchenware. Slow Motion Delivers.  WampaLord I'm not going to respond to anything you post until match my photo.
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Jan 29, 2014 04:57
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HooKars posted:I'm aware of this. S&O at deloitte is 85-90% for staff. That is 1768 to 1872 hours. Vomik fucked around with this message at 05:06 on Jan 29, 2014 |
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Jan 29, 2014 05:01
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Welp. We'll always have that, Slomo. We'll always have that.
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Jan 29, 2014 05:05
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Here I thought only Neanderthals had enlarged brain pans.
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Jan 29, 2014 05:23
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I was told there'd be Wusthof  Do you really make your eggs in a saucepan?
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Jan 29, 2014 05:45
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Anne Whateley posted:I was told there'd be Wusthof I use a fry pan for eggs. But a fry pan on my head would just look silly. Wusthof in my mouth.
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Jan 29, 2014 05:51
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Slow Motion posted:Yeah it's one of those silly ceramic top ranges so popular with new apartments these days. Shirtless pic in every post~~
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Jan 29, 2014 05:57
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If it's not sunny-side, it's scrambled. And if it's scrambled it'd drat well better be made in a saucepan to be done properly.
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Jan 29, 2014 06:29
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Oh dear God no. I've seen too many threads derailed by egg discussions. HITLER HITLER HITLER. Eggs are like assholes. Everybody has an opinion about what to put in them.
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Jan 29, 2014 06:40
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spwrozek posted:$2k a month doesn't even get you a gas range? Ouch. Cooking on electric is so terrible. Old Fart posted:Oh dear God no. I've seen too many threads derailed by egg discussions. HITLER HITLER HITLER. 
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Jan 29, 2014 07:01
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Haifisch posted:Electric isn't the worst once you're used to it, but gas is much better. It seems rather rare in most apartments I've looked at, though. (Although I'm not looking at baller apartments) I'm a fan of chili with beans and noodles. Delicious. I use air quotes when calling it chili though.
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Jan 29, 2014 07:13
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Slow Motion posted:Yeah it's one of those silly ceramic top ranges so popular with new apartments these days. You're in pretty good shape, bro. Congrats.
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