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Holy moly if you are measuring the purchase of a game console in terms of your net worth, and video games are "assets" which contribute to that net worth in any meaningful way.
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Nov 9, 2014 18:36
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that reddit thread posted:
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Nov 9, 2014 18:46
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They also wouldn't exist if they thought for about five minute about the consequences of any given decision but yeah, that's (unironically) a lot to ask of a lot of people.
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Nov 9, 2014 18:55
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Not a Children posted:It came from Reddit: Oh good God.  How the heck does someone change majors 5 times? Why would anyone want to go through that administrative headache more than twice?
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Nov 9, 2014 19:23
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District Selectman posted:Holy moly if you are measuring the purchase of a game console in terms of your net worth, and video games are "assets" which contribute to that net worth in any meaningful way. I assumed he/she was in high school, when i was in high school pretty much all my net worth was video games and lacrosse gear.
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Nov 9, 2014 19:24
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melon cat posted:Oh good God. I never changed first majors but I dropped a second major and added a new one with one email apiece. It helped that I started taking the classes I needed well in advance of sending the email and proved I knew what I was getting into.
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Nov 9, 2014 19:35
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ranbo das posted:I assumed he/she was in high school, when i was in high school pretty much all my net worth was video games and lacrosse gear. Same except replace lacrosse with musical instruments but if you're saying Halo is preventing you from shooting up a school, you probably need a therapist anyway.
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Nov 9, 2014 19:45
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Renegret posted:Same except replace lacrosse with musical instruments but if you're saying Halo is preventing you from shooting up a school, you probably need a therapist anyway. If your game console is your net worth you aren't getting a therapist.
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Nov 9, 2014 20:47
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VideoTapir posted:If your game console is your net worth you aren't getting a therapist. Depends on your parent's insurance as well, to be fair. If your game console is your net worth you probably haven't taken on adult responsibilities yet, and therefore probably under 26. I saw something a little unusual on the train the other day. A beggar got on the train and started doing his thing. What made this guy special is that he was incredibly young and well spoken. His story was that he was $60k in debt from his communication degree, and was homeless because he lost his job as a line cook when he was assaulted on a train and his hand broken in three places. Based off of his accent, I don't think he was around here. I wouldn't be surprised if he was chasing the American Dream and moved to New York with very little, hoping to land a job and pull his life together. The rear end in a top hat in me couldn't get by the sixty grand in student loan debt for a god drat Communication degree though. It explains why he was such a well spoken panhandler though. Renegret fucked around with this message at 21:13 on Nov 9, 2014 |
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Nov 9, 2014 21:05
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melon cat posted:Oh good God. A friend of mine changed majors twice in 3 years. A standard degree over here is only 3 years. She felt pretty bad about it as she saw all her friends finishing their degrees and she had done the first year of three different degrees. She switching to a nursing degree and stuck with it after that. Either poor performance or deciding that each major sucked led to this. However with that many changes in major there should be an idea in your head that maybe a degree isn't what you are after.
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Nov 9, 2014 21:28
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AA is for Quitters posted:Do you not read your paystubs? I always check mine to make sure the deductions are right, and i definitely would have noticed my $40/paycheck not going into my 401k. This. This poo poo right here. My coworker and I started about a couple weeks within each other. After 3 months something happened and his wife's insurance was denied. He researched it and found that he was never charged. When you're listed as not having insurance you get another $50 from the company. So now he owed back insurance pay as well as the extra $50 or some per paycheck. And he wasn't worried (fucker). BUT HOW DO YOU NOT KNOW THIS??? How in the gently caress do you NOT KNOW what's supposed to come out of your goddamn check?? It just "didn't occur to him". I don't even know!! Hey, I may not be the best at money, but I know what comes out and why and check at least every other paycheck. poo poo.
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Nov 9, 2014 21:32
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Plus you should be extra super double vigilant in examining your first couple paychecks at a new job, to make sure everything got set up correctly.
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Nov 9, 2014 21:49
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Devian666 posted:Either poor performance or deciding that each major sucked led to this. However with that many changes in major there should be an idea in your head that maybe a degree isn't what you are after. And not only is there financial cost to doing this weird dance of indecisiveness, but there's also a time cost. If you spend 2-3 years constantly making impulsive program decisions that you end up turning back on, that's 2-3 years of lost income from employment. melon cat fucked around with this message at 23:12 on Nov 9, 2014 |
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Nov 9, 2014 22:15
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Guinness posted:Plus you should be extra super double vigilant in examining your first couple paychecks at a new job, to make sure everything got set up correctly. Everyone I know that's worked hourly knows to always pay attention for clock-in discrepancies, too.
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Nov 9, 2014 22:15
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melon cat posted:And not only is there financial cost to doing this weird dance of indecisiveness, but there's also a time cost. If you spend 2-3 years constantly making impulsive program decisions that you end up turning back on, that's 2-3 years of lost income from employment. That time cost is why I couldn't cope with doing any more than my masters degree. Although the masters degree is where I make 99% of my money at the moment. Even when I started first year I'd picked all of the papers necessary to maintain the maximum flexibility so I could change direction without taking any more time to complete either a science or engineering degree. Although the planning helps it's really sticking with your degree that counts for saving time. Of course I know people who quit university after their first or second year and it was the best decision they made. It does make me wonder how much the parents were an influence on poor decision making despite making him poor with student loans. Nothing like family putting on pressure to get a degree you never liked, or even if you never wanted the education.
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Nov 9, 2014 23:17
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Devian666 posted:
This right here is "parents, high school administrators and society being bad with other people's money". It's pushed so hard that you must go to college to succeed that a lot of kids, including those that know that they are in no way shape or form ready for college, wind up in massive student loan debt for unfinished degrees. Whereas if they had just gone off and done retail for a year or two while thinking about what they wanted to do for a living, maybe taking some CC courses in a bunch of different fields so they can find something they like now that it's removed from the slog and grind of HS busywork, they'd A) likely have some money saved up for school, and B) be way way more likely to finish their degree.
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Nov 9, 2014 23:37
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Haifisch posted:I wonder how many of these bad with money stories wouldn't exist if people would see a therapist. Therapy is BAD with money. Unless you make 70k+ a year and are debt free, seeing a therapist is fiscally irresponsible to the utmost degree. Even with great insurance, it's still probably going to cost you about a day (or 2) of earnings you will never be able to recover to talk with a person for an hour. Forget that people who could benefit from therapy likely have trouble maintaining/obtaining employment. I think people suggest therapy too freely with a lack of foresight, it's very expensive and could very well contribute to financial ruin.
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Nov 10, 2014 00:40
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AA is for Quitters posted:This right here is "parents, high school administrators and society being bad with other people's money". It's pushed so hard that you must go to college to succeed that a lot of kids, including those that know that they are in no way shape or form ready for college, wind up in massive student loan debt for unfinished degrees. Before going to university the push for degrees was there and because New Zealand was in a bad recession studying was a better option than having no job. Problem is that message has persisted and we have too many university graduates. The majority being in completely useless degrees as well, fortunately the loans are much smaller. As far as I can tell it seems to be far worse in the US and with much larger non-federal loans.
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Nov 10, 2014 00:50
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jarjarbinksfan621 posted:Therapy is BAD with money. Unless you make 70k+ a year and are debt free, seeing a therapist is fiscally irresponsible to the utmost degree. Even with great insurance, it's still probably going to cost you about a day (or 2) of earnings you will never be able to recover to talk with a person for an hour. Forget that people who could benefit from therapy likely have trouble maintaining/obtaining employment. I think people suggest therapy too freely with a lack of foresight, it's very expensive and could very well contribute to financial ruin. 
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Nov 10, 2014 02:48
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jarjarbinksfan621 posted:Therapy is BAD with money. Unless you make 70k+ a year and are debt free, seeing a therapist is fiscally irresponsible to the utmost degree. Even with great insurance, it's still probably going to cost you about a day (or 2) of earnings you will never be able to recover to talk with a person for an hour. Forget that people who could benefit from therapy likely have trouble maintaining/obtaining employment. I think people suggest therapy too freely with a lack of foresight, it's very expensive and could very well contribute to financial ruin. That argument can be applied or misapplied just as well to any medical treatment. But SA does seem to treat therapy like some kind of magic bullet for mental health. I think we use "talk to a therapist" idiomatically. We're really saying "find a way to improve your mental health."
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Nov 10, 2014 02:53
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jarjarbinksfan621 posted:Therapy is BAD with money. Unless you make 70k+ a year and are debt free, seeing a therapist is fiscally irresponsible to the utmost degree. Even with great insurance, it's still probably going to cost you about a day (or 2) of earnings you will never be able to recover to talk with a person for an hour. Forget that people who could benefit from therapy likely have trouble maintaining/obtaining employment. I think people suggest therapy too freely with a lack of foresight, it's very expensive and could very well contribute to financial ruin. Therapy by itself can be, but therapy with medication could save a lot of people with untreated mental illnesses that are causing them to gently caress off about work, bills, etc. Getting treatment for mental illness is not bad with money, it's like telling someone who has cancer that "chemo and radiation are expensive, even with good insurance, don't go!"
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Nov 10, 2014 03:01
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jarjarbinksfan621 posted:Therapy is BAD with money. Unless you make 70k+ a year and are debt free, seeing a therapist is fiscally irresponsible to the utmost degree. Even with great insurance, it's still probably going to cost you about a day (or 2) of earnings you will never be able to recover to talk with a person for an hour. Forget that people who could benefit from therapy likely have trouble maintaining/obtaining employment. I think people suggest therapy too freely with a lack of foresight, it's very expensive and could very well contribute to financial ruin. I spent about $3000 on therapy over two years and without it I wouldn't even have applied to my current job, which came with a 5k raise. poo poo I'd probably have killed myself a while back. I'm not sure what the cost benefit analysis on that is.
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Nov 10, 2014 03:08
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FrozenVent posted:poo poo I'd probably have killed myself a while back. I'm not sure what the cost benefit analysis on that is. Thirty years of lost income and investment income. Potentially millions. It's never worth someone killing themselves.
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Nov 10, 2014 03:16
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FrozenVent posted:I spent about $3000 on therapy over two years and without it I wouldn't even have applied to my current job, which came with a 5k raise. Eh, I spent less but it got me nowhere. It was nice to have someone to talk to though. Not to get all E/N, but I get depressed because I'm lonely. A therapist isn't going to magically make me not lonely.
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Nov 10, 2014 03:31
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jarjarbinksfan621 posted:Therapy is BAD with money. Unless you make 70k+ a year and are debt free, seeing a therapist is fiscally irresponsible to the utmost degree. Even with great insurance, it's still probably going to cost you about a day (or 2) of earnings you will never be able to recover to talk with a person for an hour. Forget that people who could benefit from therapy likely have trouble maintaining/obtaining employment. I think people suggest therapy too freely with a lack of foresight, it's very expensive and could very well contribute to financial ruin. I don't know what experience you've had, but I pay less for a session of therapy than I make in an hour. And for that I get the chance to talk about my problems with an objective observer who can prescribe me helpful medication. Maybe I have great insurance; I think it's pretty average. Even if I didn't, though, I'd think it was worth at least a few exploratory visits to get my head on straight.
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Nov 10, 2014 04:04
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My wife is bad with money sometimes. I suggest going to Costco to get the huge cheap bottles of booze and she is like "no no, I don't want to have a huge bottle around". So she Is literally willing to spend 20%more for a smaller bottle because it "looks nicer" grrrraaaaaa! She does this on other stuff. Spend money on the more expensive thing because of some minor tangential detail be it looks or "we don't need two right away, so get the package of just one FOR THE SAME PRICE". Drives me up the wall. Of course I don't let her do this but left to her own devices I think she'd spend on average 15%more on stuff and have a lot less for it. This is probably something a lot of us may be guilty of. She'd rather buy something really important like...house paint or appliances or some such and skimp on price. More than once I find myself getting a higher quality replacement later increasing the total cost of the item or project. She's not terrible with money but....yeah she's kind of bad when it comes to spending. Great at saving and budgeting. Not good at spending.
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Nov 10, 2014 04:13
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jarjarbinksfan621 posted:Therapy is BAD with money. Unless you make 70k+ a year and are debt free, seeing a therapist is fiscally irresponsible to the utmost degree. Even with great insurance, it's still probably going to cost you about a day (or 2) of earnings you will never be able to recover to talk with a person for an hour. Forget that people who could benefit from therapy likely have trouble maintaining/obtaining employment. I think people suggest therapy too freely with a lack of foresight, it's very expensive and could very well contribute to financial ruin. What about seeking therapy to overcome a gambling addiction? I honestly don't think you've thought this through very much. Therapy and other wellness-type expenses are good with money, if they are working for you.
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Nov 10, 2014 04:24
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Sometimes it's cheaper to buy one, because either you'll consume less or you only need one. Buying anything in addition to what you were intending because "it's a deal!!!" is bad with money.
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Nov 10, 2014 08:21
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So we talk a lot about "if only we could educate the children" but what do you guys think about this article? http://www.economist.com/blogs/freeexchange/2014/07/financial-literacy "Jump$tart Coalition for Personal Financial Literacy, an American non-profit organisation, has surveyed high-school seniors every other year since 2000. These surveys consistently show that students who have taken a full-semester course in personal finance do no better on a standard financial literacy test than those who have not taken such a course. Similarly, a study by Tzu-Chin Martina Peng and her co-authors found that having taken a personal finance course in school is unrelated to investment knowledge."
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Nov 10, 2014 08:28
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Jastiger posted:My wife is bad with money sometimes. I suggest going to Costco to get the huge cheap bottles of booze and she is like "no no, I don't want to have a huge bottle around". Helpful tip! Keep the smaller bottles, and from then on buy huge cheap bottles as refills. My partner and I stick our huge cheap bottles of things at the bottom of our kitchen pantry and it works really well. Caveats: this works best for things like cooking oil, dishwashing liquid, and other mundane things you will not be tempted to overuse just because you have a lot of it.
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Nov 10, 2014 09:32
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Chocolate Milk posted:Helpful tip! Keep the smaller bottles, and from then on buy huge cheap bottles as refills. My partner and I stick our huge cheap bottles of things at the bottom of our kitchen pantry and it works really well. Yeah, that's what I do. Yesterday I emptied the last of a 5lb drum of protein powder into the old 2lb jar I use to keep it in the kitchen. The five pounder wouldn't really even fit in my pantry due to its height (and even if it did, it'd take up more than half a shelf), so it lives in my closet until it's time to refill.
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Nov 10, 2014 12:15
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Chocolate Milk posted:Helpful tip! Keep the smaller bottles, and from then on buy huge cheap bottles as refills. My partner and I stick our huge cheap bottles of things at the bottom of our kitchen pantry and it works really well. Yeah exactly what I do. She still flips out about it "but we don't neeed that much stuff that never expires and we use a few times a month. Let's pay .30 more a liter because it's smaller!"And to the other poster, paying the same amount for more is bad with money how?
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Nov 10, 2014 14:32
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Switchback posted:So we talk a lot about "if only we could educate the children" but what do you guys think about this article? To me, that's not an argument against teaching personal finance, but more that one semester isn't enough. I would like to see what happens with two semesters of finance classes, or even tacking it into some mathematics curriculums or something so that kids are fairly regularly exposed to finance. It may turn out that there's no amount of personal finance classes someone can take and people are just bad with money, but we certainly shouldn't just give up and let the credit card companies win.
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Nov 10, 2014 14:35
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Chocolate Milk posted:Helpful tip! Keep the smaller bottles, and from then on buy huge cheap bottles as refills. My partner and I stick our huge cheap bottles of things at the bottom of our kitchen pantry and it works really well. As a bartender, I used to do this all the time, but was told it was highly illegal for some reason.
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Nov 10, 2014 14:49
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LorneReams posted:As a bartender, I used to do this all the time, but was told it was highly illegal for some reason. I was told at my job in CA that these laws are to prevent dilution.
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Nov 10, 2014 15:18
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Devian666 posted:Thirty years of lost income and investment income. Potentially millions. It's never worth someone killing themselves. but think of the cost savings!
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Nov 10, 2014 15:26
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Switchback posted:So we talk a lot about "if only we could educate the children" but what do you guys think about this article? They state right above that quote that the two countries where the ministry of education is responsible got financial education perform better on the test. The bigger question is if it actually helps later in life as they quote a study that says it doesn't. I can't say I'm surprised as good financial decisions are the exact opposite of instant gratification and people in general are terrible at looking long term.
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Nov 10, 2014 15:27
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Switchback posted:"Jump$tart Coalition for Personal Financial Literacy, an American non-profit organisation, has surveyed high-school seniors every other year since 2000. These surveys consistently show that students who have taken a full-semester course in personal finance do no better on a standard financial literacy test than those who have not taken such a course. Similarly, a study by Tzu-Chin Martina Peng and her co-authors found that having taken a personal finance course in school is unrelated to investment knowledge."
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Nov 10, 2014 15:47
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LorneReams posted:As a bartender, I used to do this all the time, but was told it was highly illegal for some reason. Uh, yeah, you can't do this with the bar's liquor that you sell. You can do this with your dish soap/cooking oil/etc or your home booze.
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Nov 10, 2014 15:58
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I'm not surprised at that last part "Similarly, a study by Tzu-Chin Martina Peng and her co-authors found that having taken a personal finance course in school is unrelated to investment knowledge." High school teachers most likely have no business giving investment advice short of "buy index funds".
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Nov 10, 2014 16:02
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