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There's an expression in high-finance, consulting, and i-banking called "gently caress you" money. As in, work the soul-sucking super high paying job for 10 years and save up all my money so I can buzz off at the end and go do a (low paid) fun job like being a forest ranger, climbing guide, school bus driver or goat farmer or something. This "financial independence" movement popularized online recently seems like sort of a more extreme version of that.
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# ¿ Jul 19, 2013 19:45 |
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# ¿ Apr 28, 2024 17:11 |
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gvibes posted:Food for thought (I assume it's talking about the same article) - http://andrewgelman.com/2013/01/22/that-claim-that-students-whose-parents-pay-for-more-of-college-get-wors-grades/ That's interesting, and survivorship bias is also the reason why top tier hedge funds have these ludicrous returns over their lifespan (because if they had a bad stroke of luck, they're out of business and out of the study) I work with a guy who pays for his kids' tuition in arrears conditional on performance. The student has to beg/borrow/steal/take loans to secure their own financing. If they maintain a 3.0 each semester, he'll pay off the loan entirely. I like that system. It gives the student incentive to perform well, because if they goof off they know they're on the hook for a full semester of tuition.
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# ¿ Aug 1, 2013 17:53 |
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TLG James posted:Instead of keeping the money "hidden" why not invest it? Then it's totally out of sight out of mind. Just give her access to the investment account. Be aware though that some people don't have the stones for watching an investment account either. It's either "We have $200,000 in the account! Can't we use that now?" or "We've lost $30,000 in the account SELL IT NOW BEFORE IT GETS WORSE!"
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# ¿ Oct 29, 2013 17:29 |
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I've always been happy with steamed veggies from the microwave.
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# ¿ May 29, 2014 16:43 |
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Keetron posted:Buy some wd40 and dont be a cheapskate. WD40 is way overused (never use it on a gun or anything with bearings!), but rust is the right place to use WD40. Looking forward to the eventual post about having to call a friend to come unlock your bike with a drill and angle grinder because it finally rusted shut.
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# ¿ Jul 25, 2014 17:00 |
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Devian666 posted:Complaining about specialisation is pretty stupid. It's the one thing that adds a lot of economic efficiency and decent income for specialists. Sure you can grow your own food if you feel it's worth your own time, or fix your own car but it's probably wasting time, money and opportunity cost of lost earnings. It's incredibly stupid, especially when you talk high skill or special equipment. The reason for doing DIY things should not be "to save a little money" but should also be "... and because I enjoy doing it." There are exceptions on extremes, like spending $15 and 20 minutes to replace your own rear view mirror rather than spend $90 to have the dealership do it. I work in finance. I could do my taxes by hand. But because I work in finance, I understand opportunity cost. The opportunity cost of me spending a few hours doing it when I could instead be doing something I enjoy in my leisure time makes me happy to pay the $30 or whatever to have TurboTax do it's thing and file for me electronically. I was surprised to hear in my undergraduate courses that most of my finance professors didn't own individual stocks or actively manage their own portfolio. These are PhDs who publish research on markets. They all say that they own mostly passive investments, because even though they have the knowledge, they aren't willing to trade their leisure time for the time it takes to be successful as a trader.
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# ¿ Nov 20, 2014 00:22 |
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poopinmymouth posted:Don't get me started on baby stuff. I have bought nearly everything from the Icelandic craigslist equivalent, saving a fortune. We got all the clothes he needs for his entire first year for about 100 dollars. I'm talking designer stuff, some with tags on it, adidas toddler suits, 66 north (expensive Icelandic brand), a bag of socks, of shoes, hats, gloves, everything. Add on an outdoor onesie also purchased used, and we were set. I also got a jogging stroller for 40 bux used. Man, it's tough to find a deal though. 90% of the listings are either garbage that should just be thrown away (faded, stained clothes) or not realistically discounted for the level of use (stroller used for 3 kids over the course of 5 years at 20% off retail) That's just craigslist.txt but y'know
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# ¿ Feb 12, 2015 01:39 |
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Cicero posted:Good news, there's a startup for that! My wife used to work for an orthodontist. The ortho did Invisalign, which is the expensive orthodontist version of this. In the early days of Invisalign, orthodontists ran the show and you had to go there to get it done. There was a default treatment plan based on the impressions, that the orthodontists would tweak and customize to meet the treatment goals they determined. Now? Any dentist can do it. They just take impressions, send it in the mail, and the company does the rest of the work for you. Dentists have no training or expertise on how to run ortho treatment. Orthodontists are the top-tier dental school graduates who want to keep going and become orthodontists. This at-home kit for impressions and having the company do it for you is really no different from going to a dentist for Invisalign, because in every case, the presence of the dentist is doing nothing for you but adding cost.
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# ¿ Feb 21, 2015 04:33 |
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I work in a job that most people would assume, looking in from the outside, is a soul-sucking corporate drone job. But I actually love it. I like the people I work with, and I get to work in a really exciting field and have a real impact on important things at a multi-gazillion dollar company. So, when someone assumes that everyone hates their job and hates their boss, they're probably saying a lot about their own job.
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# ¿ Mar 3, 2015 07:37 |
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MJBuddy posted:Man we should shift this to the bad with money thread because protesting and voting are both horrible with money. Ask a game theorist about voting in political elections. They'll tell you its pointless, but you should do it anyway.
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# ¿ Mar 4, 2015 18:04 |
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# ¿ Apr 28, 2024 17:11 |
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That's the other econ/finance joke I know. (efficient market hypothesis jokes ITT) A finance professor and a student are walking down a busy sidewalk. A student spies a $100 bill plainly visible, wedged in a crack. The student leans down to pick it up and the professor says "Don't bother. If it was a real $100 bill, someone else would have picked it up already".
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# ¿ Mar 5, 2015 21:06 |