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If you spend $5000 on kitty chemo and you aren't already rich you should probably spend it on mental healthcare for yourself instead. If pet healthcare is more than $500 guess what, that pet just died. Pets cost enough without going ridiculously over the top with things like kitty chemo.
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Dec 27, 2016 18:55
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It's surprising how easy it is to spend thousands on non-terminal pet problems though. And the usually come in consecutive $500-1000 bills. Rarely does it end up being a big monolithic bill. Like, cancer in animals is pretty much a death sentence. The prognosis is usually absymal, and it often occurs when the pet is elderly. Our cat though decided to get pancreatitis at middle age. Our "friend" we asked to watch him while we were on vacation decided that feeding him wasn't really that important, and the stress caused the pancreatitis and a relapse of feline diabetes. I was ready to put him down. However the vet was like "yeah if you spend $3-4k on intensive care for the next few days, then tube feed him through the neck for six weeks, he's got like a 90℅ chance of being back to normal". Guess what we did. And he really did go back to normal, and I don't regret spending the money. But I had planned on pet medical expenses and also had more than ample emergency savings. It was entirely a luxury though, and if he was older or we weren't as well prepared, it would have gone differently. But people seem to go nuts over dogs (and cats) and don't really understand what ownership entails. For most people, unless they're on a farm, avid hunters, or need a service animal, they should probably think twice before going down the dog route. There are much simpler and cheaper paths to animal companionship. Like meat rabbits.
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Dec 27, 2016 19:28
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Step one of this thing should probably be figuring out what you really want. As this came up multiple times in the thread already, there are many definitions of "wealthy". I like Chris Rock's way of putting it: Shaq is rich, the guy who signs his paycheck is wealthy. Don't think just about the money, think of assets, reputation, network, influence, etc. Yeah, if you make >$100k anywhere on earth you shouldn't have any real problems, but that's not the same thing. My dad used to be in this category (not $100k, but by local standards at the time), but after years of depression and spotty employment, has nothing. His former boss now owns several companies, bought his wife a Cayenne so she could drive around town without asking their chauffeur, etc. Becoming affluent or even rich shouldn't be too hard if you pick the right field and work your rear end off for a few years. Becoming wealthy is entirely different thing and you're not gonna get there by euthanizing your cat.
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Dec 27, 2016 21:29
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mobby_6kl posted:Becoming affluent or even rich shouldn't be too hard if you pick the right field and work your rear end off for a few years. Becoming wealthy is entirely different thing and you're not gonna get there by euthanizing your cat.
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Dec 27, 2016 22:58
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Maybe I'm naive, but I'm extremely skeptical that $5k can be leveraged into a couple hundred in the bank and a few vacation homes. Maybe in a few edge cases, but I'd imagine the vast majority of people would fail, regardless of how hard they work. Edit: I guess maybe the question should be what steps to take that give a decent chance of becoming wealthy. Otherwise going all in on a $5k coffee cart or buying a ton of lottery tickets are perfectly valid answers DeadlyMuffin fucked around with this message at 00:33 on Dec 28, 2016 |
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Dec 28, 2016 00:20
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To my recollection, most successful small businesses start with $0 and grow from there. Businesses that start with loans and seed money are much more likely to fail. With $0, you need to make money from day 1. With $100k in seed money, you can bleed money for a long time, and never learn how to make it. IMHO, you're more likely to make a successful life for yourself with $5k than with $100k.
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Dec 28, 2016 00:43
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photomikey posted:To my recollection, most successful small businesses start with $0 and grow from there. Businesses that start with loans and seed money are much more likely to fail. With $0, you need to make money from day 1. With $100k in seed money, you can bleed money for a long time, and never learn how to make it. That's really quite a claim, I'd love to see any data you have that would back it up.
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Dec 28, 2016 00:46
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BarbarianElephant posted:Some people are not happy unless they have a pet. But many people seem to get a pet on a whim and don't really think about whether they want a pet or are just buying it as a lifestyle accessory. Pets also have their costs loaded into the end of the pet's life. When buying a kitten for $50 you don't think about how in 15 years time you will be under pressure to spend $5000 on kitty chemo or watch your beloved companion die. I've always been a little confused by people spending thousands of dollars to extend the life of an already-old pet. With humans it often makes sense because 1. they're humans and 2. an 80 y/o human could still have as many as 20 years left to live, but a 14 y/o dog (or whatever an equivalent cat age is) isn't going to live much longer just because you cure its immediate problem. Our dog recently had to be euthanized because his hip reached the point where he couldn't stand, and we never even considered trying to find some surgical solution because he was already pretty old and it seemed like a pretty selfish action to put him through so much suffering just so we could keep our companion a little longer. The same was apparently true for our last dog as well (I was at college when she was euthanized, but I think it was because of a kidney issue that would have cost thousands for a pretty low possibility of curing it), so it's not like I don't understand the mindset of a pet owner. photomikey posted:To my recollection, most successful small businesses start with $0 and grow from there. Businesses that start with loans and seed money are much more likely to fail. With $0, you need to make money from day 1. With $100k in seed money, you can bleed money for a long time, and never learn how to make it. This....seems really unlikely. edit: I tried looking up info on this, and while I couldn't find the exact statistic I was looking for I did find information on how starting capital is absolutely vital to a small business and that the only question is how you acquire it (either through loans or through your own capital). So basically if you don't have money to start with the only difference is you're going to have to take out loans and end up paying a little more due to interest rates (which will probably be higher if you have fewer assets to begin with). I can't find anything indicating that taking out a loan somehow gives a higher chance of success due to the psychological pressure of repaying the loan. Ytlaya fucked around with this message at 01:42 on Dec 28, 2016 |
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Dec 28, 2016 01:34
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I don't have anything to support it. I read it in passing somewhere. It probably stuck with me because it's my situation and there's a bit of confirmation bias at work.
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Dec 28, 2016 02:23
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Don't spend so much time in school, don't watch anime, stop playing video games.
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Dec 28, 2016 02:56
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Ytlaya posted:I've always been a little confused by people spending thousands of dollars to extend the life of an already-old pet. With humans it often makes sense because 1. they're humans and 2. an 80 y/o human could still have as many as 20 years left to live, but a 14 y/o dog (or whatever an equivalent cat age is) isn't going to live much longer just because you cure its immediate problem. Our dog recently had to be euthanized because his hip reached the point where he couldn't stand, and we never even considered trying to find some surgical solution because he was already pretty old and it seemed like a pretty selfish action to put him through so much suffering just so we could keep our companion a little longer. There are grey areas. With your dog, the decision was pretty clear-cut, nobody could fault you for putting down an animal that would never get better. But a lot of the time, the decision isn't so clear, sometimes the animal only needs $500-1000 in treatment and they'd be back to normal and live several more years. That's how people end up spending thousands keeping a pet alive. It's hard to put a pet down when the vet says they'll probably be fine after a treatment that isn't terribly expensive and you have the money.
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Dec 28, 2016 03:08
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photomikey posted:I don't have anything to support it. I read it in passing somewhere. It probably stuck with me because it's my situation and there's a bit of confirmation bias at work. Someone who made it from nothing and then expects everyone else to be able to do the same easily? Are you Adam Carolla? It would explain a lot about your posting.
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Dec 28, 2016 15:10
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mobby_6kl posted:Becoming affluent or even rich shouldn't be too hard if you pick the right field and work your rear end off for a few years. Becoming wealthy is entirely different thing and you're not gonna get there by euthanizing your cat. This is really semantic. People use "affluent", "wealthy" and "rich" interchangeably. This is like arguing about the difference between geeks and nerds. It's a lot easier to become financially comfortable than truly rich. And that's really what most people want. They want the second home somewhere nice, not the golden tower in NYC.
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Dec 28, 2016 17:57
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WampaLord posted:Someone who made it from nothing and then expects everyone else to be able to do the same easily?
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Dec 28, 2016 18:37
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BarbarianElephant posted:This is really semantic. People use "affluent", "wealthy" and "rich" interchangeably. This is like arguing about the difference between geeks and nerds. If it's about the former, I'd suggest going to BFC.
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Dec 28, 2016 21:23
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BarbarianElephant posted:Some people are not happy unless they have a pet. But many people seem to get a pet on a whim and don't really think about whether they want a pet or are just buying it as a lifestyle accessory. Many people do roughly the same thing with having children, doing it as soon as they have a decent long-term relationship (or worse, on the grossly misguided belief that it will stabilize a troubled relationship) without bothering to consider if that's actually where they want to go with their lives, or if they're reasonably ready for that responsibility. In fact, those who advocate thinking things through have been met with the criticism "there's no perfect time to have kids" as though that logically concludes with "there's no bad time to have kids" (it doesn't). mobby_6kl posted:Step one of this thing should probably be figuring out what you really want. As this came up multiple times in the thread already, there are many definitions of "wealthy". I like Chris Rock's way of putting it: Shaq is rich, the guy who signs his paycheck is wealthy. Don't think just about the money, think of assets, reputation, network, influence, etc. Yeah, if you make >$100k anywhere on earth you shouldn't have any real problems, but that's not the same thing. My dad used to be in this category (not $100k, but by local standards at the time), but after years of depression and spotty employment, has nothing. His former boss now owns several companies, bought his wife a Cayenne so she could drive around town without asking their chauffeur, etc. Conversely, early retirement as preached my Mr. Money Mustache (and numerous goons) can't exactly be counted as "freedom" if you can't afford to do what you want to do with your life. The important thing, as you say, is to consider what you actually want out of life and then figure out how best to achieve that goal. photomikey posted:To my recollection, most successful small businesses start with $0 and grow from there. Businesses that start with loans and seed money are much more likely to fail. With $0, you need to make money from day 1. With $100k in seed money, you can bleed money for a long time, and never learn how to make it. I was under the impression that "make money from day 1" was only feasible for a select few categories of business.
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Jan 2, 2017 05:18
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I'm still learning and failing so far but I'm only 27. Here's what I've learned: Business owners make the most money. Who had all the money from trump tower? The architect? The managers? The companies renting space? It's trump. Any business isn't about its products, it's about how well they market their products. Time and time again you see business' with superior products lose to places like Walmart. The scrapbooking industry in the US is an example of this. Local stores with better and more unique products have all died at the hands of Walmart, hobby lobby, and Micheal's. They couldent compete with the marketing even though they had better products. So learn to market really well or hire some one who can. Then sell the same pencils as everyone else at Walmart.
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Jan 7, 2017 17:02
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Marketing is important, but quality keeps people coming back. There are products that Wal-mart has stopped carrying because they were too unreliable and were hurting the company's reputation. A couple of months ago I know my old store in FL dropped a local vendor because his fruit was always unpresentable and went rancid too quickly. So, what I'm saying is, marketing is absolutely essential, like your thumb, but your reputation and your quality are like your wrist. This is pretty applicable to jobs too. I had a lovely resume for an embarrassingly long time, but my reputation with people who hired me as someone who gets their job done and plays well with others made that less of an issue. Another way to think of it is this; reputation is a kind of advertising, and one that is at least three times more effective than ad space on a website or a shiny resume. Come to think of it, can anyone recommend a good resume service? Getting a good position is a great first step on the road to wealth.
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Jan 7, 2017 18:41
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Veyrall posted:Marketing is important, but quality keeps people coming back. There are products that Wal-mart has stopped carrying because they were too unreliable and were hurting the company's reputation. A couple of months ago I know my old store in FL dropped a local vendor because his fruit was always unpresentable and went rancid too quickly. I dig that.
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Jan 7, 2017 20:01
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Veyrall posted:Marketing is important, but quality keeps people coming back. There are products that Wal-mart has stopped carrying because they were too unreliable and were hurting the company's reputation. A couple of months ago I know my old store in FL dropped a local vendor because his fruit was always unpresentable and went rancid too quickly. Walmart has a reputation beyond "Lowest Common Denominator"?
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Jan 8, 2017 03:26
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Orange Sunshine posted:Imagine reading a book called, "I Failed in the Restaurant Business, and You Can Too". There is a published book along these lines: What I Learned Losing a Million Dollars.
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Jan 8, 2017 04:29
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Sic Semper Goon posted:Walmart has a reputation beyond "Lowest Common Denominator"? Lowest common denominator that doesn't actively kill their customers, yeah. They sell cheap rear end poo poo but they have a large and active PR department and underestimating Bentonville is not a smart idea.
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Jan 8, 2017 05:37
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Sic Semper Goon posted:Walmart has a reputation beyond "Lowest Common Denominator"? My job involves a lot of regulation and quality assurance and Wal-Mart products have actual standards, believe it or not. Their specs are usually proprietary and a lot of manufacturers find them infuriating to work with because they're always slow to provide follow-up information and usually unreliable whenever they do, but it is possible to have a product lovely enough to not meet Wal-Mart's pass/fail criteria.
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Jan 8, 2017 06:26
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I'm going to be circumspect because if I gave details I'd out myself. The company I worked for a few years back had a perfectly functional widget that did its job properly and we felt quite well. It was sold at Sam's Club (Walmart Costco) for years with no issues. One day, papa Walton decided to either standardize pallet sizes or hold us to the existing standard, and we had to redesign our product so it fit within an x by y box. This was a huge loving deal because our widget was large by definition and a shitload of engineering went into turning one frame piece into two with the same structural rigidity. Walmart is the best and worst thing that can happen to a widget maker. If you make it onto Walmart shelves, you are loving golden for sales (if your widget is a piece of poo poo that wouldn't sell anyway, you didn't make it to this point). Once your company depends on Walmart sales to survive, you get bent over by Bentonville; make it cheaper, ship less of them this quarter (oops your manufacturing chain already has too many coming out, get hosed), or in our case reengineer the whole loving thing.
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Jan 8, 2017 06:38
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Veyrall posted:Marketing is important, but quality keeps people coming back. There are products that Wal-mart has stopped carrying because they were too unreliable and were hurting the company's reputation. A couple of months ago I know my old store in FL dropped a local vendor because his fruit was always unpresentable and went rancid too quickly. There was some great resume services here on SA if I remember. Lol
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Jan 8, 2017 06:44
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bitcoin bastard posted:I'm going to be circumspect because if I gave details I'd out myself. The company I worked for a few years back had a perfectly functional widget that did its job properly and we felt quite well. It was sold at Sam's Club (Walmart Costco) for years with no issues. One day, papa Walton decided to either standardize pallet sizes or hold us to the existing standard, and we had to redesign our product so it fit within an x by y box. This was a huge loving deal because our widget was large by definition and a shitload of engineering went into turning one frame piece into two with the same structural rigidity. Sounds about in line with my experiences. We're in different markets but several clients I've spoken to decided to vent to me about working with Walmart out of the blue and their stories sounded similar.
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Jan 8, 2017 06:50
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I'd not deal with bebtonville!
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Jan 8, 2017 06:52
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The Big Box/Automobile experience is a pretty common case set in MBA programs. Whether it is Walmart, Home Depot, Ford. Extreme Volume Growth = Extreme Revenue Growth =/= Extreme Profit growth or Freedom, for the reasons mentioned above
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Jan 8, 2017 16:49
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bitcoin bastard posted:I'm going to be circumspect because if I gave details I'd out myself. The company I worked for a few years back had a perfectly functional widget that did its job properly and we felt quite well. It was sold at Sam's Club (Walmart Costco) for years with no issues. One day, papa Walton decided to either standardize pallet sizes or hold us to the existing standard, and we had to redesign our product so it fit within an x by y box. This was a huge loving deal because our widget was large by definition and a shitload of engineering went into turning one frame piece into two with the same structural rigidity. Good thing you can fit pencils into a variety of palette sizes.
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Jan 8, 2017 23:14
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Oxxidation posted:Sounds about in line with my experiences. We're in different markets but several clients I've spoken to decided to vent to me about working with Walmart out of the blue and their stories sounded similar. I've heard of more than one company that just flat out refuse to put their products in Walmart for these reasons.
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Jan 11, 2017 21:29
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Take out a big loan in a bank through a shell company. Use that money to buy a bunch of shares in that bank. Repeat this a few times until you are basically giving yourself free money and write off as much of your debt to yourself as you can. Funnel any profits into hidden off shore accounts so when it all comes crashing down you will only lose a few million.
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Jan 12, 2017 05:20
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i am a STEM and the leaves are... my sheer rage at society
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Jan 12, 2017 11:49
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no wealth can inoculate you against smallpox of the soul.
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Jan 12, 2017 12:01
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Avshalom posted:no wealth can inoculate you against smallpox of the soul.
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Jan 12, 2017 18:47
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Avshalom posted:i am a STEM and the leaves are... my sheer rage at society what Avshalom posted:no wealth can inoculate you against smallpox of the soul. you need a girlfriend or something. Go and check the fitness forum.
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Jan 13, 2017 01:05
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i am unfathomably beautiful
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Jan 13, 2017 02:57
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Its really quite simple! 1. Don't get married 2. Don't have kids For the average goon it shouldn't be hard to achieve these 2 steps.
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Jan 15, 2017 15:03
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MrMidnight posted:Its really quite simple! Just don't spend a shitload on the wedding.
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Jan 15, 2017 20:49
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Doctor Party posted:5) After getting in, now you have to come to grips with the reality of studying your rear end off for years. Only to be getting your rear end kicked by people so smart you didn't think real people were that smart. Like you know those movies or shows like the big bang theory, where they have an exaggerated genius character like Sheldon Cooper. Those guys exist and in real life they go to medical school. For years I taught an intro physics course that I was told was mandatory for anyone wanting to go to med school and not a single one of the chucklefucks that I taught was anything like a Sheldon Cooper. There were a lot of try-hards who would argue that they should have gotten a 91 instead of an 89 on the most recent exam and who emphasized how much time they spent memorizing the formulae (which is pointless) Some of the theoretical physicists that I've met were definitely Cooper personalities, and I had a computational physicist as a professor who could have been Cooper's brother, but apparently the Cooper character is based on a guy who's actually a computer scientist
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Jan 15, 2017 22:50
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Thanatosian posted:You'll make a ton more money by being married, as long as you don't have kids. Housing, food, maintenance, insurance, transportation, etc. for two people together is waaaaaaaaaayyyyyyy less than twice as expensive as it is for one person alone. Even better if your wife/husband works! If you have kids though then you have to pay for daycare which is insanely expensive.
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Jan 16, 2017 02:12
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