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overdesigned posted:Had a sorta-BWM pop up recently. The US military is changing its pension system starting next year, and the majority of people already in are being offered the option to stay in the old system or take the new system, so there's been a lot of financials talk lately, which is good! But that's how I got this story. My boss did exactly the same thing. Been in the gov probably 15ish years in total, stuck his money in the G fund because "someone told him to". His eyes bugged out when I showed him the numbers on the G compared to even the F. Don't think he intends to change it though.
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May 4, 2017 00:56
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$1,000 for a pair of pants that keep my legs warm and covers my genitalia just like the $30 one boggles my mind.
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May 6, 2017 23:44
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I've got content! So, I work in a small FedGov office. My boss and I are the only permanent staff, but we hire 2-3 seasonals every year during the summer. They're decent seasonal positions, GS-4 or 5 ($15ish/hr) with cheap govt housing available and at least 150-200 hrs of OT. So a reasonable seasonal position. The issue is we're in a remote location, and hiring tends to be difficult because no one wants to come work for a summer in the middle of nowhere. So we kind of take what we can get. Another employee in a nearby office had a niece who lived in Nebraska or somesuch who was interested in working for us. So we have her apply and she calls us and we answer all her questions, hit it off pretty well. The job itself is a pretty easy gig, so the interpersonal stuff is most important. Both my boss and I think she would be a great fit. We would still have to do the interview and everything, but we both agreed that she would be a good hire. Posting closes, we pull the applicant list. No one is on it. Not even Nebraska lady. We call her up and ask her what happened. She hemmed and hawwed, and said she was going to, but thought about it and decided she wanted something not seasonal and for more money. Which is quite tough to come by with no qualifications or post-secondary education. But, whatever. We wish her well and that was that. Not necessarily BWM. The BWM comes in when we chatted with the other employee a few days later. Turns out her niece was going to take our job, quit her previous ($9/hr) job to take our job (even though it didn't start until June) , and then didn't take ours. So now she has no job. And we have no seasonals. The government is now going to have to pay more so our short staff can cover the hours that we need to cover. So BWM all around.
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May 10, 2017 06:25
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Simple BWM: New coworkers (seasonal employees just came on) complaining about not being able to buy groceries until their first paycheck comes in. Then, not 10 minutes later, making reservations at a local dive to have dinner. I fear that all the money they make this summer will vanish into terrible food and expensive alcohol.
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Jun 3, 2017 05:14
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curufinor posted:hosed up attitudes towards food in silicon valley: I'm a bit confused by this. Do rich people not eat oranges?
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Jun 4, 2017 03:37
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Would a weed based ETF be BWM or GWM? e: it actually exists, wow
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Jun 18, 2017 03:33
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Isn't that how the whole bounty hunting industry in the US works? I always thought it was the bondsman bringing back absconders so they could get their capital back. Bounty Hunting GWM?
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Jun 25, 2017 06:06
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Ixian posted:Wait a seasonal employee with a guaranteed pension? This dude already won one of life's smaller lotteries. Seasonal employment with full time benefits is not uncommon in some federal agencies. I'd imagine their state analogues might have the same setup.
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Jul 18, 2017 20:37
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If its the case, it isnt working. China is building much more advanced weapons in 1/10th of the time on 1/3rd of the budget.
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Aug 2, 2017 00:56
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$80 per diem is awful.
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Sep 7, 2017 16:07
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Working is BWM, indeed.
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Oct 8, 2017 16:55
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If he really liked driving a forklift and had good money, wouldn't he buy a forklift (rough terrain) for his own personal enjoyment at home?
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Oct 9, 2017 07:47
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Content: my boss sold his house before moving for a new job. He asked me for advice on what to do with the equity that came out when he sold, about 30k. We came up with a plan to eliminate his credit card debt and knock a big chunk out of his student loans. I was genuinely happy for him that he would be on a better financial path. The next week he comes into work with a brand new fully loaded truck to replace his functional financed vehicle. He put the equity down, and was ecstatic that his payment only went up by 15 dollars. 
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Nov 15, 2017 08:12
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Stop spending money on eels. No
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Nov 29, 2017 19:36
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Moderation and nuance isn't very entertaining.
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Dec 26, 2017 04:25
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So I'm paying a premium to get Giardiasis?
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Dec 31, 2017 20:33
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I wonder how much he lost on those investments. Hard to believe he lost a ton in one of the largest bull markets in history.
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Jan 12, 2018 03:23
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If you're not actively budgeting, how exactly do you manage a bank account? Make sure there is a nonzero number of dollars on the account?
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Jan 15, 2018 18:19
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Kind of sounds like they were talking gross profit instead of net. So taxes, transportation, and selling expenses may not have been included. Amazing how unprofitable these MLM schemes are even for the upper echelon of sellers.
sparkmaster fucked around with this message at 21:14 on Jan 20, 2018 |
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Jan 20, 2018 14:51
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Boy howdy I'm glad its tax time again. Good content, right in the vein.
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Jan 20, 2018 21:18
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If I recall, a lot of non corporate private aircraft flying involves essentially buying time on a jet rather than purchasing the jet outright. For a fairly wealthy person, the costs are reasonable (considering what you get).
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Feb 17, 2018 22:19
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Reddit posted:People say don't out all your eggs in one basket but I believed in the project so much that I did. I put everything I had in crypto investment (50% of my life savings) into nano near ATH. As the price started dropping, I put in the remaining 50% of my life savings to dollar cost average because I genuinely believed that with the rebranding, binance announcement, I would see a profit but the price kept dropping. https://www.reddit.com/r/CryptoCurrency/comments/7z8pks/financially_ruined_learn_from_my_mistakes/ So I'm not quite sure what he's saying (bitcoinspeak), but he lost his entire life savings. And his big regret? He has nothing left to invest in crypto.
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Feb 22, 2018 04:51
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Blinds are extremely BWM.
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Mar 1, 2018 04:56
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I don't get it. In what world is a vacation deductible as a business expense?
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Mar 6, 2018 03:45
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You can even take losses, reducing the amount of tax you pay! Being BWM is GWM.
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Mar 20, 2018 03:59
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If you're a govt employee in the US, generally your wages are public record. I know for the feds there is an online database where you can look up people's base wages. I've also seen it for some states as well. Knowing exactly what your co-worker, supervisor, and secretary make does add an interesting dynamic. Some people are either drastically under or overpaid.
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Apr 15, 2018 15:52
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But just think of the overhead, with having to hire kneecappers and all. Professionally done physical intimidation/violence can't be cheap.
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Jul 14, 2018 16:45
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Beware of consistantly neighgative returns.
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Aug 7, 2018 08:23
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Helicopters are extremely BWM. Like a horse that flies and is loud.
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Aug 26, 2018 07:41
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BWM from my old office. Guy works for the feds, permanent full time, GS-7. Makes 19.82/hr, plus probably 400hrs of OT on the low end. So a reasonably comfortable wage in a no-income tax, LCOL state. He has a truck (the horse of automobiles) he bought for about 60k a few years ago. Paid it down, then refinanced it to pull remaining equity out so his wife could buy a brand new jeep. They have a house, spend like cash is full of ebola, and are in debt up to their eyeballs. So pretty much the American Dream. Kinda BWM, but not unusually so. Broseph is probably going to get a GS-8 detail next year, and has a clear road to a GS-9 with the same OT. So in 2 years he's on track to gross $65k/yr in an easy job that he's good at and everyone likes him in. Not bad for a 23 yr old with no college education. The BWM part comes with what he wants to do in the future. He isn't unhappy in his present job, but he wants to go into a different branch of his profession. His vision for next year is leaving his present position and taking a GS-4 position thats, at best a 2/3rds year seasonal position. If he does this, there is no way he sniffs a GS-9 for another decade at least. He is leaving hundreds of thousands of dollars on the table to go play outside for two thirds of the year. I understand not wanting to get bogged down and to pursue dreams. But at what point does pursuing dreams and spiting a solidly middle class existence just become BWL?
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Aug 28, 2018 06:56
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long term emotional attachment to others is BWM
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Sep 16, 2018 03:22
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This thread just seems to be lumbering along now.
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Sep 23, 2018 00:43
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https://www.reddit.com/r/StudentLoans/comments/9tuco8/returning_to_school_questions_about_debt/ Oh boy. quote:I graduated from law school. Though I did really well at a high ranked school, I just despise (and frankly can't handle) the practice. It's not what I want to do. Given the amount of money in loans law school cost, fiscally it makes sense to just bite down and white knuckle it. Realistically, I'll eat a gun long before the bills are paid off (hah, only real way they'll get "discharged"...pun intended). So I have decided to return to school to focus on something that I actually want to do. What's tastier than a quarter million dollars of debt? More debt!
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Nov 4, 2018 00:38
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Alan Smithee posted:Eh, forget that one, there will be more extreme ones as time goes by but I don't want to turn this into Star Citizen chat I am so confused right now.
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Nov 26, 2018 16:16
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Saving up a for a bribe to make sure the guillotine is sharp, GWM?
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Jan 2, 2019 22:21
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