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Residency Evil posted:The smugness I felt when I went to med school in 2008 while stepping over the corpses of my classmates who lost offers at Lehman/etc has managed to evaporate pretty quickly. I'm not on that level yet, it's the EM guys and now even the PGY5 fellows in this and that getting out. Only 22 more months insh'Allah
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Aug 17, 2016 14:43
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Boon posted:What the hell is GWM and BWM? Danknificent posted:I'd counter with
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Aug 17, 2016 15:15
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Wickerman posted:DINK = DUAL INCOME NO KIDS just in case you were wondering
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Aug 17, 2016 15:35
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Danknificent posted:I'd counter with Is "ICBM maintenance" really not transferrable? I always figured the aerospace field would love guys like that, but then again I grew up next to Cape Canaveral and my ideas of "normal, accessible careers" are correspondingly skewed.
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Aug 17, 2016 16:12
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Parallel Paraplegic posted:Is "ICBM maintenance" really not transferrable? I always figured the aerospace field would love guys like that, but then again I grew up next to Cape Canaveral and my ideas of "normal, accessible careers" are correspondingly skewed. Nuclear-specific stuff is difficult to transfer. For some reason. Not necessarily impossible, but it's lot easier if you're a cop or a photographer or a dentist. Or if you're really lucky, a contracting or acquisitions person. Then you got the civilian world actively trying to poach you and drown you in money at every turn. Another important intangible of military service with bearing on its GWM/BWM status is how you feel about the culture itself. The military isn't populated by the Mark Zuckerbergs of the world, and as such, it's not perfect. Some people click with it and love it, and others can't deal with the problems. X dollars can be GWM if you're enjoying yourself, but BWM if you have to be miserable to get it.
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Aug 17, 2016 16:20
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Danknificent posted:The military isn't populated by the Mark Zuckerbergs of the world, and as such, it's not perfect. One could argue that a place filled with Mark Zuckerbergs is also known as Hell.
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Aug 17, 2016 18:52
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DuckConference posted:BASIL wasn't a zaurg thing Honestly, I can't keep all the superstars straight at this point.
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Aug 17, 2016 22:42
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NancyPants posted:One could argue that a place filled with Mark Zuckerbergs is also known as Hell. That's fair. But in that hell everyone would be high IQ and motivated. The IQ part particularly is what I'm getting at.
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Aug 18, 2016 01:14
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Wickerman posted:BWM people should stay in the military, at least they will have the potential to get a pension if they make it 20 reddit posted:Just an FYI to anyone retiring soon. I have been out for 6 weeks and was just told that it will likely be another 16-18 weeks before income starts coming in. I was released when I became disabled and can't work so I have no hope of alternate income. that will be about 6 months with no income. Worse still, they told me this was the norm. Save your pennies folks. I had 25 years in and might have to live in a tent for a few months if they don't fix this poo poo show. Don't worry folks, it's still possible to gently caress a pension up too  e. yeah the system sucks sure but  if you're so broke after 2.5 decades of professional employment that your only option is to be homeless until someone gives you money.
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Aug 18, 2016 01:23
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Aug 18, 2016 02:10
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Danknificent posted:That's fair. But in that hell everyone would be high IQ and motivated. The IQ part particularly is what I'm getting at. Who gives a poo poo? I got a high IQ and consistently make stupid decisions. I'm far from the only one. Motivated is not necessarily a good thing. Sometimes people are motivated to be assholes.
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Aug 18, 2016 02:36
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Someone please sanity check and challenge me here. My parent's are not financially savvy and hosed up their retirement a bit and since then I've been advising (my undergrad was in Finance but I became a Naval Officer... and got out and now heading back for an MBA). The background is thus, after my parents went to an insurance agent (trusted - small town) for advice, who promptly swindled them by having a pension cashed out and placed into a State Farm account with high front-end loads and administrative expenses, I about lost my mind and got directly involved. I have since advised that they seek the advice of a financial specialist, they have done so. After reviewing the offer (Edward Jones), visiting with the agent to answer some of my own questions with my dad, I advised them to continue to seek advice from the agent but only so far as his help in determining what their retirement needs will be and to not sign a goddamn thing past that point. Then we we do the following: Review what he has to offer (I trust that he will provide a decent breakdown of their expenses and requirements in retirement, as I'm not able to really provide that analysis), and then promptly determine: - If an annuity will be required, if so how much. We'll pick one up but shop around for it first. - If not, then we'll invest into a Vanguard retirement portfolio. I'm outright rejecting any investments through Edward Jones that isn't an annuity (if it's the best offer available) as I place no real value in their availability of advising and advice in something as simple as a retirement fund. Your thoughts? Boon fucked around with this message at 04:15 on Aug 18, 2016 |
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Aug 18, 2016 04:08
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Caught this gem of a Dave Ramsey call-in on my way to the grocery store tonight: https://www.youtube.com/watch?v=SpAB7K4EIUE&t=4867s Long story short, Tyler from Orlando is calling in to ask how to deal with $7,000 in credit card debt on a $40,000 household income, totally burying the lede about the $73,000 he and his wife owe on two new vehicles 
pig slut lisa fucked around with this message at 04:14 on Aug 18, 2016 |
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Aug 18, 2016 04:11
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Boon posted:Someone please sanity check and challenge me here. My parent's are not financially savvy and hosed up their retirement a bit and since then I've been advising (my undergrad was in Finance but I became a Naval Officer... and got out and now heading back for an MBA). Sorry to hear that they got hosed over by that arsehole. I think what you are doing is reasonable. Annuities often work out in favour of the company issuing them but they do provide certainty of income which is something your parents need.
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Aug 18, 2016 05:28
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pig slut lisa posted:Caught this gem of a Dave Ramsey call-in on my way to the grocery store tonight: https://www.youtube.com/watch?v=SpAB7K4EIUE&t=4867s I had never heard Dave Ramsey before...he does not sound like I imagined. Kinda like a financially savvy Boomhauer from King of the Hill. You got that dang 'ol debt man. You gotta go nucular. Also, the silence on the line when he says "you gotta sell those cars" is priceless.
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Aug 18, 2016 05:36
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kaishek posted:Also, the silence on the line when he says "you gotta sell those cars" is priceless. I was surprised at the length of the silence. He was probably thinking "gently caress we just bought those".
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Aug 18, 2016 05:38
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Devian666 posted:Sorry to hear that they got hosed over by that arsehole. I think what you are doing is reasonable. Annuities often work out in favour of the company issuing them but they do provide certainty of income which is something your parents need. Thanks for the feedback man. And yes, that guy is an utter rear end in a top hat, though after meeting him I realized he's just a dumb rear end in a top hat, not a malicious one.
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Aug 18, 2016 05:43
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Devian666 posted:I was surprised at the length of the silence. He was probably thinking "gently caress we just bought those". I've never listened to Ramsay because I was under the impression he was all about snowballing debt at the expense of everything else, but I kind of like him.
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Aug 18, 2016 12:42
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kaishek posted:I had never heard Dave Ramsey before...he does not sound like I imagined. Kinda like a financially savvy Boomhauer from King of the Hill. You got that dang 'ol debt man. You gotta go nucular. I'd never actually heard him either. I kind of dig it. Tyler in Orlando is so hosed though.
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Aug 18, 2016 12:53
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Love him or hate him, his show is a goldmine for BWM people
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Aug 18, 2016 13:17
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DuckConference posted:Simultaneous gwm and bwm: http://www.cbc.ca/beta/news/business/house-investment-wealth-1.3716641 There has been a recent follow-up about this couple from CBC. Apparently the couple is drawing a lot of heat. Even their financial advisor is throwing them under the bus: quote:Turner, their adviser, praised the couple's commitment to generating a $1 million portfolio in his blog. But he also finds them "nauseating," referring to them as "tireless self-promoters and reasonably irritating juvenile 1%-ers." It's really amusing to watch this whole thing unfold. On one hand, they're obviously patting themselves on the back and promoting themselves in way that's reminiscent of a multi-level marketing/pyramid scheme ("Join the revolution! Stop being a slave!"). But on the other hand, parts of their budgeting advice have merit ("Don't blow your savings on a house you can't afford")  kaishek posted:Also, the silence on the line when he says "you gotta sell those cars" is priceless. People are strange. melon cat fucked around with this message at 15:36 on Aug 18, 2016 |
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Aug 18, 2016 15:07
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The biggest problem I have with Ramsey is him pushing investments that aren't that great (probably because he's getting paid to sell it). Other than that, he's got good babby's first financial advice, like budgeting and attacking your debt. Also, goldmine BMW stories.
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Aug 18, 2016 15:15
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The Mandingo posted:The biggest problem I have with Ramsey is him pushing investments that aren't that great (probably because he's getting paid to sell it). Isn't he super Christian and will refuse to let people cut out their 10% tithing for budgetary reasons? Or am I thinking of someone else?
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Aug 18, 2016 15:18
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WampaLord posted:Isn't he super Christian and will refuse to let people cut out their 10% tithing for budgetary reasons? Or am I thinking of someone else? It's complicated? http://www.daveramsey.com/blog/daves-advice-on-tithing-and-giving/
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Aug 18, 2016 15:28
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Dave Ramsey is methadone. Life saving tool for people with severe issues, but if you're financially healthy there's no point in getting involved with him.
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Aug 18, 2016 15:38
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The Mandingo posted:The biggest problem I have with Ramsey is him pushing investments that aren't that great (probably because he's getting paid to sell it). Yeah pretty much. Once you have no consumer debt and have freed up cash flow to begin seriously saving and investing, you have exited the Ramsaysphere. Some of his tax suggestions are a little wrongheaded too.
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Aug 18, 2016 15:39
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The Mandingo posted:It's complicated? quote:If you cannot live off 90% of your income, then you cannot live off 100%. It does not require a miracle for you to get through the month. I think that if you sit down and look at your budget, you will see that you can make it while giving at least 10%. Read the Bible and take from it what you will, and if you tithe, do it out of love for God, not guilt. I see what he's getting at here, but having 10% more to put towards paying down your debts or just to make your budget more comfortable/livable would be a huge difference for a lot of people.
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Aug 18, 2016 15:48
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melon cat posted:People are weirdly-attached to their heavily-financed vehicles. They're often willing to borrow more for a new pick-up truck than they are for their post-secondary education. And when poo poo hits the fan, they're willing to sell their furniture before they sell their vehicle. And if you dare suggest that they buy something that's used and less expensive, they'll laugh at the idea and scoff at you as if you're being the dummy. ...all while ignoring that 99% of the "buy a used econobox" posts are responding to people wanting to finance something they can't really afford. People get really defensive when you question their status symbols.
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Aug 18, 2016 15:57
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Haifisch posted:You'll even see that pop up in /r/personalfinance sometimes, where "hey guys, how much car can I afford?" threads get derailed with "pfft, everyone here will just tell you to buy a used econobox. Clearly they are the weird ones, and could never understand treating yourself to a nice vehicle" posts. To be fair there is still a litany of "buy a used econobox" responses even when people have their financial house well in order.
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Aug 18, 2016 16:02
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"People buy things they don't need, with money they don't have, to impress people they don't like" - Not Dave Ramsey, originally
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Aug 18, 2016 16:07
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melon cat posted:People are weirdly-attached to their heavily-financed vehicles. They're often willing to borrow more for a new pick-up truck than they are for their post-secondary education. And when poo poo hits the fan, they're willing to sell their furniture before they sell their vehicle. And if you dare suggest that they buy something that's used and less expensive, they'll laugh at the idea and scoff at you as if you're being the dummy. Cars are a necessity for most people, but for a lot of people they're the closest thing to a status symbol that they'll be able to afford. It's uncomfortable to roll up to your job in a Geo Tracker when you've been driving a Mercedes.
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Aug 18, 2016 16:22
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Emanuel Collective posted:Cars are a necessity for most people, but for a lot of people they're the closest thing to a status symbol that they'll be able to afford. It's uncomfortable to roll up to your job in a Geo Tracker when you've been driving a Mercedes. I understand cars as a necessity, but not as a luxury. And don't get me wrong- if you can afford more, go for it. But most people simply can't afford the luxury/fully-loaded vehicles that they're often sitting in. Besides, I'd bet that it's a whole lot more embarassing to lose your house and end up washing your laundry in the office sink than it is to show up to work in a Geo. Heck, maybe they'll "just" get the car repo'ed overnight, and have to explain to everyone why they're suddenly taking the bus to work. That would be a lot more embarassing than showing up to work in an econobox. melon cat fucked around with this message at 16:51 on Aug 18, 2016 |
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Aug 18, 2016 16:47
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A lot of people get more concerned with keeping up appearances. Life: Why do people love me, but hate you? Death: Because you are a beautiful lie and I a painful truth.
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Aug 18, 2016 16:59
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melon cat posted:referring to them as "tireless self-promoters How else are you going to get a popular blog to supplement your income? They're trying to get in on some of those fat MMM stacks.
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Aug 18, 2016 17:44
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Yeah that million isn't going to last if they don't get those sweet advertising dollars to supplement it.
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Aug 18, 2016 18:35
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Even when they get to SS age, their social security payout will be a pittance with only 8 meaningful years in the workforce.
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Aug 18, 2016 18:43
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WampaLord posted:I see what he's getting at here, but having 10% more to put towards paying down your debts or just to make your budget more comfortable/livable would be a huge difference for a lot of people.
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Aug 18, 2016 18:44
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Moneyball posted:"People buy things they don't need, with money they don't have, to impress people they don't like" - Not Dave Ramsey, originally also, GoGoGadgetChris posted:Dave Ramsey is methadone. Life saving tool for people with severe issues, but if you're financially healthy there's no point in getting involved with him.
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Aug 18, 2016 18:46
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Nail Rat posted:Even when they get to SS age, their social security payout will be a pittance with only 8 meaningful years in the workforce. They're Canadian, iirc Canada's version of social security only cares about how long you've lived in the country, not your time working.
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Aug 18, 2016 19:02
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moana posted:I actually went looking for the origin of that quote a while back because I thought there was no way it was from Fight Club but there's no really solid source for the original quote that I could find. This is apparently the source, which would make sense. https://en.wikipedia.org/wiki/Keeping_Up_with_the_Joneses_(comics)
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Aug 18, 2016 19:03
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