|
Jeffrey of YOSPOS posted:You've never teased out a personality characteristic that would make someone difficult to work with? Are you a pure technical interviewer or something? There is almost certainly someone interviewing someone trying to learn about their personality if you aren't, doubly so at a small company where an ego problem could be disastrous and they can afford to spend more time per candidate. Again, this is the most important thing to do in an interview (ie the interview process that a company does not an individual interview) so it's weird if no one screens for personality at all. There's a difference between small companies put together by people who know what they're doing and small companies that some dude just grew organically. There are plenty of the latter and they don't necessarily know poo poo about hiring.
|
#
?
Feb 18, 2015 16:02
|
|
|
|
| # ? Jun 4, 2024 02:00 |
|
|
Blackjack2000 posted:No. Can you give me an example of how you tease a personality characteristic out of someone when that person is focusing all of their efforts on being agreeable and likable? I've only interviewed about a dozen people in person, but I can remember 2 of them having weird personality flaws that would have made them a problem to work with. One of them was just generally creepy without anything funny enough to mention. The other guy proclaimed that he was the best programmer I would ever meet, and I was only lucky enough to be interviewing him because he had to live near the office location (about 45 minutes outside downtown) for some random reason I can't remember. I certainly wasn't trying to tease any secrets out of them. Lots of people are just really weird and don't try to hide it.
|
|
#
?
Feb 18, 2015 17:19
|
|
|
Back to bad with money talk: I was talking to my wife about Slow Motion's thread and told her about how he took out a loan against his 401k, to which she responded, "oh yeah, that's what my mom did to pay for my sister's college tuition".
|
|
#
?
Feb 18, 2015 17:34
|
|
|
The Mandingo posted:Back to bad with money talk: Years back my workplace wanted to discourage retirement loans unless it was for <emergency> or something. A lady that works here (social worker) got a loan against her retirement account because her sister wanted to buy a horse. Let that marinate for a bit.
|
|
#
?
Feb 18, 2015 18:07
|
|
|
The Mandingo posted:Back to bad with money talk: Taking out a loan that pays interest to yourself to pay for your child's education = bad with money
|
|
#
?
Feb 18, 2015 18:22
|
|
|
Radbot posted:Taking out a loan that pays interest to yourself to pay for your child's education = bad with money Yes, cashing out an investment that is earning a passive income and then "paying interest to yourself" is pretty stupid.
|
|
#
?
Feb 18, 2015 18:27
|
|
|
dreesemonkey posted:Years back my workplace wanted to discourage retirement loans unless it was for <emergency> or something. A lady that works here (social worker) got a loan against her retirement account because her sister wanted to buy a horse. Let that marinate for a bit. It could be an investment horse like California Chrome because that happens ALL the time.
|
|
#
?
Feb 18, 2015 18:32
|
|
|
Horse Equity.
|
|
#
?
Feb 18, 2015 18:38
|
|
|
Radbot posted:Taking out a loan that pays interest to yourself to pay for your child's education = bad with money I didn't mention it, but this child's education is taking place in Europe. We live in Texas. She travels between Europe and Texas 2-3 times per semester.
|
|
#
?
Feb 18, 2015 18:38
|
|
|
canyoneer posted:Yes, cashing out an investment that is earning a passive income and then "paying interest to yourself" is pretty stupid. Unless, you know, you're investing in your daughter's education with the money and not blowing it on truck equity. The last two pages have been insane. First apparently a dude shouldn't have gotten fired for disobeying two direct orders from his boss (or the interview process should have caught his personality defects???) and now paying for your child's college with money that you actually have is bad with money. The Mandingo posted:I didn't mention it, but this child's education is taking place in Europe. We live in Texas. She travels between Europe and Texas 2-3 times per semester. Oh ok carry on then
|
|
#
?
Feb 18, 2015 18:40
|
|
|
Spermy Smurf posted:Horse Equity. Dammit you beat me to it 
|
|
#
?
Feb 18, 2015 18:41
|
|
|
Using a 401k loan instead of a student loan is not a good idea. This page outlines pretty much why: https://bigfuture.collegeboard.org/pay-for-college/paying-your-share/borrowing-from-your-401k The big one is that you're paying yourself back with post tax money, completely negating the tax savings of the account, and you may be in a higher tax bracket now than when you initially contributed. Also the lost passive income, lost compound interest, etc. Just take out a regular student loan, the interest rates aren't CC rates and it doesn't impact your retirement. Plus if you lose your job during the repayment you get nailed with the full income tax burden...
|
|
#
?
Feb 18, 2015 18:42
|
|
|
Equine Equity sounds much better
|
|
#
?
Feb 18, 2015 18:43
|
|
|
I'm buying a racehorse named Truck Equity.
|
|
#
?
Feb 18, 2015 18:46
|
|
|
Hashtag Banterzone posted:Equine Equity sounds much better Ticker symbol EQEQ, own a share of a company that owns a bunch of horses!
|
|
#
?
Feb 18, 2015 18:46
|
|
|
If it weren't for my horse, I wouldn't have spent that year in college.
|
|
#
?
Feb 18, 2015 18:48
|
|
|
xie posted:Using a 401k loan instead of a student loan is not a good idea. This page outlines pretty much why: https://bigfuture.collegeboard.org/pay-for-college/paying-your-share/borrowing-from-your-401k Point 1 is negated if you have a Roth 401(k). I don't understand point 2, though I've heard it brought up before. If you're at the point where you're getting a 401(k) loan, you're probably at the point where the additional cost of new loans will cause you to reduce your 401(k) contribution, thus negating point 2, right?
|
|
#
?
Feb 18, 2015 19:23
|
|
|
Radbot posted:Point 1 is negated if you have a Roth 401(k). I don't understand point 2, though I've heard it brought up before. If you're at the point where you're getting a 401(k) loan, you're probably at the point where the additional cost of new loans will cause you to reduce your 401(k) contribution, thus negating point 2, right?
|
|
#
?
Feb 18, 2015 19:48
|
|
|
Radbot posted:Point 1 is negated if you have a Roth 401(k). I don't understand point 2, though I've heard it brought up before. If you're at the point where you're getting a 401(k) loan, you're probably at the point where the additional cost of new loans will cause you to reduce your 401(k) contribution, thus negating point 2, right? If something happens to your job, you have to immediately pay that money back or declare it all as income, paying a further 10% penalty and income tax on the money. Which you almost certainly don't have except to take even more money out of your 401k. It is much harder to make back the money once you are 50+ in order to achieve your retirement goals. If you are paying for college with a 401k, it almost certainly means that it is the only money you have left (because if you had non-401k/IRA money, why wouldn't you use that first?). It probably also means that you haven't been maxing your retirement contributions (because if you are, then you can just stop contributing and that is already $18,000+ per parent per year). So, based on those two assumptions, people assume you basically can't afford to do it if you have to do it. I also think that the average 18 year old will make smarter decisions about what to major in, how much binge drinking to do etc, when they see the student loans piling up. A lot of parents want to pay for college for their kids without really communicating exactly what it is costing them to do so to the kid.
|
|
#
?
Feb 18, 2015 19:48
|
|
|
Radbot posted:Point 1 is negated if you have a Roth 401(k). I don't understand point 2, though I've heard it brought up before. If you're at the point where you're getting a 401(k) loan, you're probably at the point where the additional cost of new loans will cause you to reduce your 401(k) contribution, thus negating point 2, right? The interest is net post tax, but not the principle, so the true cost is the loss of the tax defferment on the 4% per year of the principle (or whatever the % is now)
|
|
#
?
Feb 18, 2015 19:50
|
|
|
Devor posted:If it weren't for my horse, I wouldn't have spent that year in college. 
|
|
#
?
Feb 18, 2015 20:21
|
|
|
"You're paying it back with post-tax dollars" is a red herring because a normal student loan also gets paid back after tax except for the interest deduction. It's mostly a wash.
|
|
#
?
Feb 18, 2015 20:35
|
|
|
Okay I kind of always suspected Dave Ramsey was a stupid rear end in a top hat who basically spouted the no poo poo guide to money (take in more than you spend also you're a bad person), but I never thought he was actually malicious, now I know better:Dave Ramsey posted:
http://www.daveramsey.com/blog/guide-joining-multilevel-marketing-company
|
|
#
?
Feb 18, 2015 20:52
|
|
|
Jesus, what an idiot. . . . Although that's all good advice he's giving there, the problem is if you actually follow it there is literally no MLM in the world that you would join!
|
|
#
?
Feb 18, 2015 20:58
|
|
|
I don't think this is particularly new, back when I listened to him ~8 years ago he mentioned knowing some successful people in MLMs.
|
|
#
?
Feb 18, 2015 21:01
|
|
|
I guess he failed to notice that they rose to riches on the blood sweat and tears of the less fortunate
|
|
#
?
Feb 18, 2015 21:02
|
|
|
I'm trying to think of a good reason to take a 401(k) loan, and the only one I can think of is if you owe money to the mafia and they are going to break your legs otherwise. Maybe if the loan was super short-term, like sub 6 months?
|
|
#
?
Feb 18, 2015 21:04
|
|
|
if you think your 401k portfolio is gonna go down it might work out, not quite sure of the mechanics of the loan
|
|
#
?
Feb 18, 2015 21:07
|
|
|
My friend's wife has gotten swept up in MLMish stuff recently, reselling jewelry mostly. Some of her friends were doing it, and said they were doing well enough, so she jumped in with a referral link or something. Real nice lady looking to make some extra cash, but it's been a little awkward when she brings pamphlets to hand out to everyone. After a few months she wrote it off, and sold the stock she had on hand to family at a loss "just to get rid of it," and bought a bunch more from a different company. She's getting to the same point with that one too, and asking if we want some charm bracelets for free (no one does.) She's working with a third one now, which I think is basically a drop shipping company for jewelry. She has a "store" on their website with jewelry she has "curated." I'm pretty sure she hasn't been forced to buy any "stock" for them, which I suppose is better than the other two. Inverse Icarus fucked around with this message at 21:12 on Feb 18, 2015 |
|
#
?
Feb 18, 2015 21:09
|
|
|
Jeffrey of YOSPOS posted:if you think your 401k portfolio is gonna go down it might work out, not quite sure of the mechanics of the loan That portion of the portfolio can't gain or lose value until the loan is repaid so it does work in your favor if the market goes down, but because "The Market Always Goes Up" more often than not it hurts you(especially the longer the term is).
|
|
#
?
Feb 18, 2015 21:12
|
|
|
I'll listen to Ramsey's radio show occasionally on my commute. Guy comes across as tone deaf on any subject that isn't personal finance 101.
|
|
#
?
Feb 18, 2015 21:24
|
|
|
Inverse Icarus posted:Ticker symbol EQEQ, own a share of a company that owns a bunch of horses! It's an ETF.
|
|
#
?
Feb 18, 2015 21:28
|
|
|
pathetic little tramp posted:Okay I kind of always suspected Dave Ramsey was a stupid rear end in a top hat who basically spouted the no poo poo guide to money (take in more than you spend also you're a bad person), but I never thought he was actually malicious, now I know better: I guess technically he's right in a way, it takes a certain kind of person to do well in an MLM. Unfortunately, to do well in an MLM, you have to walk all over other people, and that's morally reprehensible. The average person who gets sucked up into that thinking that they're responsible for "selling" or "helping others" is not the kind of person who will do well. I know two people have have done extremely well for themselves by joining an MLM, and truthfully I never had any doubt that they would make it. But that's because I knew they'd be aiming for the top and were less interested in selling the product over gaining power. They basically threw away any chance they had at being decent human beings in the process and I no longer talk to them. Every so often I'll get an errant text message from one trying to recruit me which I ignore. That's where they succeeded over the average person who gets sucked in. They don't try to sell me the product, they try to recruit me to be the sucker to be taken advantage of. Renegret fucked around with this message at 21:33 on Feb 18, 2015 |
|
#
?
Feb 18, 2015 21:31
|
|
|
Gorman Thomas posted:I'll listen to Ramsey's radio show occasionally on my commute. Guy comes across as tone deaf on any subject that isn't personal finance 101. That's his whole schtick, though. Dave Ramsey is for people who need remedial personal finance education with simple, definitive rules to follow. If you've been living paycheck to paycheck your whole life and have mountains of debt, then most of his advice is reasonably sound. But like most things, once you master the basics the real world has a lot more shades of grey to it.
|
|
#
?
Feb 18, 2015 21:38
|
|
|
The problem with every MLM scheme that I've ever come across is that it takes the people that sells for them and makes them evaluate every person they interact with as a sales mark instead of a friend or family. I have no patience for that kind of behavior. No I don't want to buy your loving Advocare spark and I certainly don't want to sign up as a distributor underneath you, Grandma.
|
|
#
?
Feb 18, 2015 21:40
|
|
|
Excuse me I traded my horse for a truck and got a 400% ROI* *my money is horsepower birches
|
|
#
?
Feb 18, 2015 22:21
|
|
|
Gorman Thomas posted:I'll listen to Ramsey's radio show occasionally on my commute. Guy comes across as tone deaf on any subject that isn't personal finance 101. I stopped listening for a couple years but started up again because he's gotten more unhinged, which I find entertaining. He's got this thing going with the Bogleheads forum now where they'll post a thread that Ramsey's expected 12% annual rate of returns on mutual funds is ridiculous, and then a day or two later he'll go off on a rant about how the "financial goobers" of the internet think they know better than a multi-millionaire (him). Also he'll occasionally read financial articles aloud on the radio and completely misunderstand basic math, etc. For content: My nextdoor neighbor is really outgoing and the kind of person who gets to know everyone in the neighborhood. A few times now this older retired couple who lives a few buildings away from us has left her notes begging for money because they can't afford the payments on their new Mustang. Only problem is they seem to forget which apartment is hers about half the time and leave them inside our screen door instead. This morning I got a new one saying that they're still trying to pay off the Christmas gifts they got for their kids and grandkids, and can't make the car payment again this month. They'll take anything but $500 would "really save them right now." My neighbor says she's never given them a penny so I'm not sure why they keep asking. It's another example of family gifts taking precedence over monthly bills, not that they can afford the car in the first place.
|
|
#
?
Feb 18, 2015 22:50
|
|
|
Dave Ramsey is really big with the Evangelical crowd. A guy I work with recently closed on a house he's been trying to sell for a few years that was underwater. They had to come forward with like 10 grand at closing and he said it "wiped out" their savings, and since they don't have credit cards their credit rating will now start tanking since the mortgage was their one and only line of credit. They are basically starting at 0, nearing 40 with 2 young kids. We got on the topic of teaching our kids responsible use of money and I floated the idea of setting up a mock savings account (for my 8 year old) and reward him with not spending money but earning interest so he can see the balance grow. Guy responded "well we are going to do something like that, by teaching them how to budget, but not worry about stuff like interest. First thing is to take 10% off the top - that goes to the church - then move on to..." and I kind of zoned out after that.
|
|
#
?
Feb 18, 2015 22:53
|
|
|
I'm not gonna rag on people for teaching their kids to budget charitable donations
|
|
#
?
Feb 18, 2015 23:36
|
|
|
|
| # ? Jun 4, 2024 02:00 |
|
|
at the date posted:I'm not gonna rag on people for teaching their kids to budget charitable donations Yes but it's a church and this is the internet Someone asked me to be part of their MLM scheme (which is always the reason why someone you haven't talked to in 10 years contacts you on facebook). It was for a company called Lifevantage, which sells vitamins. They even sell vitamins for your dog! For fun, I looked at the literature. Surprisingly, they showed the % of associates that are at different tiers, but used some deceptive filtering to make it look like it was easy to be a high roller. A careful reading of their own chart shows that less than 3% of "active distributors" (who have made a sale in the last 3 months) earn more than $100/month. Should be a red flag to the careful reader. Since they're a public company, I looked up their SEC filings compared to their literature of how much everyone makes. Last year, they paid out $104M in commissions, across 200,000 active distributors. So, yeah, sign up and you'll make a mean salary of $500/year. Or, more likely, 300 people are splitting $80M and the other 199,700 chumps are "buying inventory", "building clientele" and splitting the other $24M. MLM is so horrible, because the people who are genuine badasses at it and making real money could be making way more selling anything else and be more honest while they are at it.
|
|
#
?
Feb 18, 2015 23:52
|
|