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UPDATE: As of 5:43pm PST, I have been officially let go from the company
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Feb 20, 2016 16:12
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Tigntink posted:A few of us were giving our 23 year old coworker some "how to handle your credit card" advice and I was giving him the age old "just buy your groceries on it and pay it off in full every month for a few years" and then my coworker popped in with the "leave 10% on at all time!" and I was just like "dude don't give him myths like that" Letting one credit card report between a 2-9% utilization balance is good for your credit score. The way to do this is to let your statement generate with the balance you want, and then pay it immediately after. No interest accrues and your CC will report to the bureaus the statement balance. The reason for this is because the FICO model awards points for credit usage, and also awards points for low utilization. After a lot of testing by a lot of people the sweet spot was discovered at the rate above. All these rules are out the window if you have collections and such, because that affects your score significantly more than utilization. The only time this matters is when you are applying for credit, for example, if you are buying a house, a few points can matter in interest tiering, but in most situations it's not worth the hassle, so just pay it off.
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Feb 20, 2016 16:36
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"I moved to the SF bay area for a call center job at $19k a year, and it has been a surprisingly bad idea!"
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Feb 20, 2016 16:39
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oxsnard posted:This is amazing you guys Yeah that's why we came back to Cleveland. I lived single and poor in boston, and then with wife and kid poor in SF, and I made a non-insignificant living. We couldn't hack it as a single income family who enjoys going out to dinner from time to time. So gently caress it, I make the same money here and we have twice as much spending money. Weather is worse but we can take trips to SF if we want to 
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Feb 20, 2016 16:43
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hanales posted:Letting one credit card report between a 2-9% utilization balance is good for your credit score. Yeah he's 23, still lives with his mom, and still blows his whole paycheck on bullshit every month. The guy needs to start easy and he sure as hell aint buying a house in the Seattle area any time soon.
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Feb 20, 2016 17:21
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canyoneer posted:"I moved to the SF bay area for a call center job at $19k a year, and it has been a surprisingly bad idea!" "Also, stop giving your employees free and healthy snacks!" For Content, a friend of a friend mentioned getting into Forex, but it's not just forex! it has an MLM/Ponzi element as well. You pay $300/month for access to a "trading platform (lets you know when a technical indicator has been triggered)" but if you get people to subscribe under you, you get a piece of their fees. If you get enough people under you the "CEO" will even trade forex for you and give you a whopping 70% of your account value! 
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Feb 20, 2016 18:45
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Nitrox posted:UPDATE: As of 5:43pm PST, I have been officially let go from the company The Something Awful Forums > Discussion > Ask / Tell > Business, Finance, and Careers > Bad With Money: As of 5:43pm PST, I have been officially let go from the company
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Feb 20, 2016 18:58
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If you read a few of those comments, there seems to be more people defending the author from negative comments then there are negative comments. And a number of them say they donated, so maybe GWM? I wonder what the legal ramifications are for a 31 year old, financially secure man pretending to be a poor, down on her luck, mid-20s girl and accepting donations.
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Feb 20, 2016 19:02
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Millennials are starting to piss me off. Your 20's are supposed to suck. Maybe Baby Boomers got lucky, but every generation since has dealt with the same poo poo. I didn't get laid for 3 years because I was working two jobs and going to night school. Being poor and miserable until age 27 is a rite of passage.
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Feb 20, 2016 19:08
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Krispy Kareem posted:Millennials are starting to piss me off. Your 20's are supposed to suck. Maybe Baby Boomers got lucky, but every generation since has dealt with the same poo poo. I didn't get laid for 3 years because I was working two jobs and going to night school. Being poor and miserable until age 27 is a rite of passage. Yes, everything sucks and that is how it should be.
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Feb 20, 2016 19:12
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Krispy Kareem posted:Millennials are starting to piss me off. Your 20's are supposed to suck. Maybe Baby Boomers got lucky, but every generation since has dealt with the same poo poo. I didn't get laid for 3 years because I was working two jobs and going to night school. Being poor and miserable until age 27 is a rite of passage. Yeah but how would they know that? They've been told all their lives that they're special and they should do great things. The boomers had everything handed to them, raised idiot children with no concept of the real world because they themselves had no concept of it, and their idiot children then told all their kids to go to college and they could be anything they wanted to be. Tadaaa: millennials.
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Feb 20, 2016 19:17
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Krispy Kareem posted:Millennials are starting to piss me off. Your 20's are supposed to suck. Maybe Baby Boomers got lucky, but every generation since has dealt with the same poo poo. I didn't get laid for 3 years because I was working two jobs and going to night school. Being poor and miserable until age 27 is a rite of passage. NancyPants posted:Yeah but how would they know that? They've been told all their lives that they're special and they should do great things. The boomers had everything handed to them, raised idiot children with no concept of the real world because they themselves had no concept of it, and their idiot children then told all their kids to go to college and they could be anything they wanted to be. Tadaaa: millennials. Source your quotes.
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Feb 20, 2016 19:21
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Terrorist Fistbump posted:Source your quotes. Neither of those things you quoted is a quote. Droo fucked around with this message at 19:33 on Feb 20, 2016 |
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Feb 20, 2016 19:31
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NancyPants posted:Yeah but how would they know that? They've been told all their lives that they're special and they should do great things. The boomers had everything handed to them, raised idiot children with no concept of the real world because they themselves had no concept of it, and their idiot children then told all their kids to go to college and they could be anything they wanted to be. Tadaaa: millennials. I dunno about doing great things, I think the lady just wanted to afford her rent with a college degree
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Feb 20, 2016 19:54
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BEHOLD: MY CAPE posted:I dunno about doing great things, I think the lady just wanted to afford her rent with a college degree You need a college degree to work in call centers now?
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Feb 20, 2016 20:11
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85% of take home pay goes to rent  what the gently caress
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Feb 20, 2016 20:29
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Is there a reason these SV unicorns stick their low paying jobs in high rent areas? Is it prestige? Yelp could build a call center anywhere and still have a fancy SanFran headquarters. Yelp BWM.
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Feb 20, 2016 20:34
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BEHOLD: MY CAPE posted:I dunno about doing great things, I think the lady just wanted to afford her rent with a college degree I agree wholeheartedly. As much as I, too, am annoyed by inexperienced people, this is not unique to millenials nor could I blame them if it were. But I am a pinko that thinks anyone working full time should be making a living wage adjusted for the cost of living in their area, and companies that pay this bullshit in places like SF should just stop taking their handouts and let the free market really decide. And this is getting to be another terribad derail already.
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Feb 20, 2016 21:04
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She said that she was tolerating call center bullshit because that's what Yelp offered her to claw her way up the corporate ladder into media/PR/bullshitting on twitter. That sort of logic worked in the past, but these days, even if an employer offered that to me, I wouldn't believe it for a second. edit: Also being hired same day as the interview is a massive red flag. She must be completely ignorant on how the world works. Tea.EarlGrey.Hot. fucked around with this message at 21:25 on Feb 20, 2016 |
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Feb 20, 2016 21:22
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Krispy Kareem posted:Is there a reason these SV unicorns stick their low paying jobs in high rent areas? Is it prestige? Yelp could build a call center anywhere and still have a fancy SanFran headquarters. I guess they're working on it https://twitter.com/jeremys/status/701094909072150528
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Feb 20, 2016 22:59
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Perhaps working at an online company like Yelp helped her realize "oh poo poo, we don't actually need people anymore at current levels to make the world work." That's the core problem. This issue is more complex than just moving a call center to a racist desert wasteland where people can only survive the temperatures if they're so old that there nerve endings no longer work. Related to the previous discussion-- negative population growth: bad for pensions and social security, but would be good in nearly every other way.
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Feb 21, 2016 00:46
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quote:UPDATE: As of 5:43pm PST, I have been officially let go from the company. This was entirely unplanned (but I guess not completely unexpected?) BraveUlysses posted:85% of take home pay goes to rent
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Feb 21, 2016 01:06
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I think the happiest moment for people who get promoted to director of a department in SF is when they realize they can afford to live alone. They've finally made it, everyone! *jumps and kicks heels together*
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Feb 21, 2016 01:28
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quote:majored in English literature quote:I didn’t want to become a cliche
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Feb 21, 2016 16:44
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Tea.EarlGrey.Hot. posted:She must be completely ignorant on how the world works. That's really what I got from it. I happen to think everyone should get a living wage, even her, but in the mean time maybe try and get a place to live that doesn't eat up 80% of your income. And under no circumstances should you ever complain about your free, all inclusive healthcare's $20 copays.
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Feb 21, 2016 21:17
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Puppy Galaxy posted:That's really what I got from it. I happen to think everyone should get a living wage, even her, but in the mean time maybe try and get a place to live that doesn't eat up 80% of your income. Yeah I think the problem is definitely that she just didn't look hard enough for a cheaper apartment in the bay area than $1200 with an 80 mile round trip commute
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Feb 21, 2016 21:34
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BEHOLD: MY CAPE posted:Yeah I think the problem is definitely that she just didn't look hard enough for a cheaper apartment in the bay area than $1200 with an 80 mile round trip commute Where the hell does she live? Pittsburg? Dublin? If it's Pittsburg she got ripped off, there are def scarier and cheaper apartments. Just get a shady roommate in Richmond. $400 a month if you're willing to be white and answer the door when the cops come. I had a client with a three bedroom apartment in San Pablo for $1250 for fucks sake and that's within the last year. Or rent a room in a safer part of Oakland or el Cerrito or something near the Bart station for $600-900 a month. The minimum wage life here sucks, but she made every single choice to make it suck more. Her health care copay is the same as mine as a government employee. Basically, kill and eat the rich.
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Feb 21, 2016 21:50
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Hip internet news services are picking this up and only viewing it at face value. This is going to get a lot more interesting when a real news agency looks into it and finds out more than just believing the post on medium.
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Feb 21, 2016 22:12
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I know nothing of San Francisco housing, but surely there is some situation where you can live for under 600/month and just have a wicked long commute or a ton of roommates, yeah? I live in Austin, it's expensive too, with bad traffic too, but I live really far away to be able to afford housing. I hate that I lose so much of my life to sitting in my car, but is that feasible in SF?
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Feb 21, 2016 22:48
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Hot Dog Day #91 posted:I know nothing of San Francisco housing, but surely there is some situation where you can live for under 600/month and just have a wicked long commute or a ton of roommates, yeah? I posted more in the shitshow that is the DnD thread but Mocking Bird's 100% correct and an hour commute + housemates should be totally doable for 600. 400, eh, might also be doable but you'd have a much longer commute/worse neighborhood. 800 and housemates would keep you even in the city (esp. If you're a woman because some women with open rooms only want to share with other women), you'd just have to take the bus a lot. (Your commute would probably still be 45 min or an hour.) I have no idea why she's 40 miles away from her work.
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Feb 21, 2016 23:03
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Horking Delight posted:I posted more in the shitshow that is the DnD thread but Mocking Bird's 100% correct and an hour commute + housemates should be totally doable for 600. Ah yes, the American dream of renting a bedroom and commuting an hour while working full time at a profitable multibillion dollar e commerce company. The real answer is to pay employees a living wage. PS: rent control directly makes this problem worse and is bad public policy
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Feb 21, 2016 23:57
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BEHOLD: MY CAPE posted:Ah yes, the American dream of renting a bedroom and commuting an hour while working full time at a profitable multibillion dollar e commerce company. The real answer is to pay employees a living wage. I'm not saying we shouldn't raise minimum wage (it'll take 2 more years to hit $15, because it has to be introduced gradually, and then be pegged to inflation after that). I'm just agreeing with other posters that have said that there were other living arrangements she could have made that were not 85% of her post-tax income.
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Feb 22, 2016 00:03
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http://www.seattletimes.com/business/high-tech-guy-struggles-with-student-loans-medical-debt/ Despite an above-average salary, his financial profile flashed a few warning signs. He had about $27,000 in debt, with little savings for retirement or emergencies. The 36-year-old bachelor earns about $90,000
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Feb 22, 2016 00:19
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The phrase "medical debt" shouldn't exist, it's barbaric.
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Feb 22, 2016 00:20
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Dreadite posted:http://www.seattletimes.com/business/high-tech-guy-struggles-with-student-loans-medical-debt/ Hey guys I'm having a hard time saving despite losing $300/month on a house I don't live in and have 20k equity in, also I have about 20k debt. IDK what to do, cut back on the starbucks?
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Feb 22, 2016 01:08
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BEHOLD: MY CAPE posted:Ah yes, the American dream of renting a bedroom and commuting an hour while working full time at a profitable multibillion dollar e commerce company. The real answer is to pay employees a living wage. Not everyone can achieve the American dream in their mid twenties with a liberal arts degree. People may have to work for some time before they reach a level of income commensurate with their dreams and aspirations. Since a college degree is now roughly what a high school diploma was 60 years ago, it shouldn't be surprising that entry level jobs suck.
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Feb 22, 2016 02:29
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Dreadite posted:http://www.seattletimes.com/business/high-tech-guy-struggles-with-student-loans-medical-debt/ quote:“My problem was overthinking it,” Thureen said. Coming up with a simple plan for paying down the debt made the challenge seem easier to achieve, he said.
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Feb 22, 2016 02:44
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Hot Dog Day #91 posted:Not everyone can achieve the American dream in their mid twenties with a liberal arts degree. People may have to work for some time before they reach a level of income commensurate with their dreams and aspirations. Since a college degree is now roughly what a high school diploma was 60 years ago, it shouldn't be surprising that entry level jobs suck. *US GDP increases 35 fold in 60 years, is the wealthiest country ever in the history of the world by a large margin* *paternal lecture from a baby boomer to a greedy entitled millennial making $8.15/hr* "Look, since a college degree is now roughly what a high school diploma was 60 years ago, it shouldn't be surprising that entry level jobs suck. Not everyone can achieve the American dream of affording rent on a full time income. Now go commute for an hour past hundreds of rent controlled apartments on the way back to your boarding house and think about the life choices you've made."
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Feb 22, 2016 02:54
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Forgot that I'm a baby boomer, not a millennial with a liberal arts degree committing an hour to the burbs with my 250k of student loan debt.
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Feb 22, 2016 02:57
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It's definitely harder financially to be a young person now than it was 30 years ago, but on the other hand it seems kind of reasonable to me that some places (e.g. Manhattan) will be unaffordable for a person making minimum wage.
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Feb 22, 2016 03:10
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