Leon Trotsky 2012 posted:

We had somebody quit today because they were moving in a couple of months with their husband.

Why did they quit now instead of in a couple months when they move?

Because they have been here for 9 years and 10 months. You become vested in the pension plan at 10 years (50% of your average salary for your 3 highest earning years of service until death, starting at age 62 unless you do at least 20 years) and if you quit before you become vested you get your pension contributions back with no interest.

She took a payout of about $8,000 instead of the pension and even had the HR Office and Pension Office repeatedly try to tell her not to quit just for this reason.

If she lives to be 80, then she got that 8k in exchange for 270k over 18 years.

Cloks posted:

What the gently caress.

lostleaf posted:

I'm one of those people that took a year off. I did it lifting myself up by my bootstraps by just plain hard work and gumption. I attribute it all to how amazing I am and how much of a ayn randian superhero. ME ME ME.

Just kidding, my parents paid for it(and my education).

(USER WAS PUT ON PROBATION FOR THIS POST)

pig slut lisa posted:

Therefore, without further ado, here are the BWM thread guidelines:

Things that could get you probated
This list includes actions that could get you probated. I say could because, as always, funny/informative/interesting posts are always welcome in BFC. However, the following types of posts usually don't add enough value relative to the trouble they cause:

• Talking about yourself
  BFC boasts a wealth of threads for talking about yourself. Have a basic personal finance question? The newbie thread is what you're looking for. More specific questions? Check out the long-term investing thread, the credit card thread, the house-buying thread, the...you get the picture. Want to brag on yourself for a financial achievement? Tell us all about it in the Goons Getting Ahead thread, or challenge yourself to track your financial goals over the course of the year. Just have something small or cool or interesting to share that doesn't fit into another category? Pop in to the general discussion thread. And if none of these threads work for you, I love love love seeing new threads in BFC! You might even get a sticky out of it if your OP is interesting
  
  With so many places to tell us about how good or bad you are with money, there's no need to clutter up this thread with it. We all want to hear about your incredibly opulent/exceedingly frugal wedding, I swear, but not in this thread please! This also goes for asking for advice. Stories about family, friends, and coworkers where you play a bit role are fine, but stories about you belong elsewhere. Of the ~25 people who responded to my call for feedback, ~20 suggested a rule like this. Let's see which one of the 20 breaks it first
  

potatoducks posted:

Did everyone forget about this rule? It's only been 14 pages. Come on people.

Jingleheimer posted:

Last year when I went to Vegas I got drunk and sat down at a pai gow table in the Bellagio. I was betting stupid and eventually got to the point where I was betting a hundred bucks a hand, and I lost a bunch of hands in a row. Even the dealer told me to stop being stupid and walk away, but I wasn't satisfied until I had lost a thousand dollars. I still love the game, but god drat do I hate myself for being such a dumbass that one night.

quote:

Has anyone gained then subsequently lost FI? Stories please.

quote:

Happened to friends of ours. They weren't necessarily living the "FIRE" lifestyle (retired to a farm, built a nice custom house, had animals which required expensive upkeep, etc.) but they were fully retired and living their dream life in their mid-50s. Then they freaked out during the initial dot-com bust and sold all their stocks at just about the worst possible time. Lost about half of their savings, but still had enough to make retirement work if they scrimped a little.

Then came 2008, and they had put their money in the hands of a "trusted advisor" after the original fiasco... that guy was shady as gently caress, and had put them into all kinds of high-risk schemes (plus high management fees) which all fell to poo poo during the 2008-2009 crash. They AGAIN panicked and sold everything, and were down to about 10-15% of their original savings.

Sold the farm, gave away the animals, and now they're in their early 70s... living in a run-down rental built in 1910 without proper air conditioning in the deep south. He's working at Tractor Supply, and she's selling junk at the local flea markets on weekends to help pay the bills. Oh, and testicular cancer on top of all of that.

Their story is literally like 90% of what keeps me pushing for FI. It is my absolute nightmare to be in their position.

Weatherman posted:

Leon Trotsky 2012 posted:

We had an "Employee Appreciation Day" last week. It is for employees at a government agency, so all funds have to be raised from the employees themselves; no public money or office money for anything.

To "make up" for the fact that the employees have to pay for their own appreciation event, the Managers give out awards to hourly employees and give the winner in each section a free day of PTO.

One of our Managers gave an award to one employee for "staying until 7 pm almost every single day to make sure that we never fall behind."

There is currently a budget directive that bans anyone from authorizing overtime. The head of our agency pulled the manager aside and asked her why she had been approving overtime. She told him to not worry because she hadn't, she just never paid him for all the time he worked.

That is super illegal and they withdrew the award from that guy, gave him the day of PTO anyway, and paid him for 2 months of overtime.

They took the money from the general expense and office supply fund for that department and now the manager is telling everyone that they aren't getting new computers because "they had to pay out Jose."

BWM: Working for free.
Even more BWM: Giving an award for wage theft when the head of the Department of Labor and OMB is in attendance.

BEHOLD: MY CAPE posted:

I predict that at some point in the future one or more national economies will crash to a greater or lesser extent, and our understanding of the complex interwoven factors involved will be largely expressed in a swirling mixture of breathless post-hoc rationalization

Leon Trotsky 2012 posted:

BW(Parents')Money:

https://www.linkedin.com/pulse/valedictorian-university-maryland-drops-out-school-two-managadze

I was going to bold a bunch of passages in the letter he wrote, but just read it.

It's long, but holy poo poo this kid has a terminal combination of dumb and smug.

(My favorite part is when he asks his parents to not be mad at him for dropping out after they paid all of his tuition because he needs a place to live while he looks for investors for his startup.)

Make sure to click his Youtube link to a video of him rapping about entrepreneurship.

canyoneer posted:

Make it the mouseover text for the BFC subforum

ohgodwhat posted:

I know a theoretical physicist who clears over half a million a year in royalties from his textbooks. Clearly everyone should publish physics 101 textbooks. Very GWM.

BraveUlysses posted:

I'll never understand how so many people get the insane idea of starting their own restaurant but have absolutely no clue how to do it. Like it's a really big badge of honor to tell other people you have a restaurant ?

Tiny Brontosaurus posted:

In a shocking twist, an MLM is run by assholes: LuLaRoe losing consultants

quote:

“No, you’re stale. Your customers are stale. Get out and find new customers. If you bring a new customer in, then your inventory isn’t stale. The problem is, you try to sell to the same group of people day after day after day.” In a now-deleted video of LuLaRoe’s weekly webinar broadcast to some 80,000 consultants, CEO Mark Stidham did not mince words. Stidham blamed lagging sales and an uptick in consultant resignations on their own missteps, taking the focus off of both the product itself and the varied consumer complaints.

brugroffil posted:

Hope he gets the mental health help he needs

ranbo das posted:

Not inherently BWM buuuuut

quote:

I looked online and there is a lot of negative opinion on burberry watches. I just bought one for $280 off ebay and I like it a lot. I understand its a fashion watch, but what's so bad about that? It doesn't seem like its going to break down on me but is the quality of the materials really that bad? I like the style a lot. Thanks

Tiny Brontosaurus posted:

Hey, make fun all you want, but at least he's solved this problem:

KingSlime posted:

I thought you were being facetious because it is an empty and meaningless statement being used by John Smith to pat himself on the back for clearly possessing the skills of a great leader/being familiar with the core attributes of a good leader. His posting gimmick is literally "look at how much of a badass I am," we're all quite familiar with his physical abilities in this thread

John Smith posted:

Er... no? I am so smart that I know I shouldn't run a business. I am not a great leader because I am not good with people. I am good with numbers and finance.

But yes, I worked hard to achieve my current level of success and am extremely proud of myself. What of it?

Ashcans posted:

Yea, it doesn't sound like they are going to be leaving their kids much less in the way of assets, so making sure that they have life insurance for them sounds like the only decent choice they made. Of course they shot themselves in the foot with whole insurance, but its still better than buying another disney vacation.

pig slut lisa posted:

Things that could get you probated
This list includes actions that could get you probated. I say could because, as always, funny/informative/interesting posts are always welcome in BFC. However, the following types of posts usually don't add enough value relative to the trouble they cause:

• Talking about yourself
  BFC boasts a wealth of threads for talking about yourself. Have a basic personal finance question? The newbie thread is what you're looking for. More specific questions? Check out the long-term investing thread, the credit card thread, the house-buying thread, the...you get the picture. Want to brag on yourself for a financial achievement? Tell us all about it in the Goons Getting Ahead thread, or challenge yourself to track your financial goals over the course of the year. Just have something small or cool or interesting to share that doesn't fit into another category? Pop in to the general discussion thread. And if none of these threads work for you, I love love love seeing new threads in BFC! You might even get a sticky out of it if your OP is interesting
  
  With so many places to tell us about how good or bad you are with money, there's no need to clutter up this thread with it. We all want to hear about your incredibly opulent/exceedingly frugal wedding, I swear, but not in this thread please! This also goes for asking for advice. Stories about family, friends, and coworkers where you play a bit role are fine, but stories about you belong elsewhere. Of the ~25 people who responded to my call for feedback, ~20 suggested a rule like this. Let's see which one of the 20 breaks it first
  

Krispy Kareem posted:

This probably doesn't count as a humblebrag because holy poo poo I got a large raise at my last job and it killed us in taxes. As in, I already had zero deductions and I ended up with a 6 digit tax bill because we moved up brackets. Marginal tax rates, sure. But if you get caught off guard and don't withhold enough the IRS eats your loving rear end in extra fees.

So that does happen. If an older person is talking about that then they probably lived through the inflationary 80's and watched any pay raised get slaughtered by the combination of higher prices and more taxes. It just takes one year like I had to make you forever paranoid.

(USER WAS PUT ON PROBATION FOR THIS POST)

Guest2553 posted:

Title says it all:

potatoducks posted:

Slipping this in while Tiny Brontosaurus is still on probation. Nice move.

DJCobol posted:

That's why it's been so nice in here lately!

Residency Evil posted:

I feel as if my life could be so much more.

John Smith posted:

Just to clarify, I 100% believe in victim blaming for rape and sky diving as well. Not joking.

Not for choice of clothing though. More for practical choices like placing yourself within an extreme risk environment and engaging in no protective measures. Rapists gonna rape, victims don't necessarily have to victim. I don't engage in risky behaviour, why are you entitled to engage in risky behaviour?

(USER WAS PUT ON PROBATION FOR THIS POST)

canyoneer posted:

From a gbs thread about weird customers


I literally can't imagine being rich enough where donating $250/day to the city's parking enforcement or spending $25 on orange juice wouldn't bother me.

Hoodwinker posted:

Zybourne Financial Services

pig slut lisa posted:

Please post about people being bad with money in the Bad With Money thread

Leon Trotsky 2012 posted:

Someone at work got in trouble for using the "ALL" email address to send this out to several hundred people.

I have never met this guy before.

Leon Trotsky 2012 posted:

Leon Trotsky 2012 posted:

Here's another good email I had saved from the office "Stock Guru" who was trying to help with my investments.

Note the date of the email.

Leon Trotsky 2012 posted:

This dude put 116k - his ENTIRE Roth IRA Balance - into RiteAid stock in advance of their merger with Walgreens.

Walgreens announced today that they are not going through with the Merger and RiteAid stock is down about 30%.

OctaviusBeaver posted:

Couple buys a car, then has a "personal and financial crisis" that they solve by abandoning the car at the airport and leaving the country. They called the dealership on their way and told them where to pick it up, assuming that would solve everything and they wouldn't owe any more money.

https://www.reddit.com/r/legaladvice/comments/6k8m4b/i_think_we_broke_the_auto_repossession_system/

Breetai posted:

John Smith watches the toddler approach the hot stove and smirks: the child is about to learn a valuable lesson. Two lessons, in fact, if it does not have the wherewithal and foresight to later apply an ointment to the burn to avoid infection setting in. He dispassionately watches the object lesson in self-actualisation unfold.

"WHAT IS THE PURPOSE OF THESE NOISES?" he asks the shrieking child.

Then he notices the tears.

"ALL THIS SERVES TO DO IS DEHYDRATE YOURSELF! WHY DO YOU NOT ACT IN AN OPTIMAL FASHION?"

monster on a stick posted:

Carry around the amount of student loans you think a rich person would carry

canyoneer posted:

The following states are non-recourse states for most residential mortgages:
Nevada (for most residential mortgages initiated from October 2009 onward)

Poldarn posted:

A Facebook acquaintance of mine announced he is retiring at the age of 38 after following the book Your Money or Your Life , and is telling everything to get the book, you can totally retire early too!. Now I assume this isn't some magic bullet to easy retirement They Don't Want You To Know, but does anyone know anything else about this book so I don't have to buy it to read it?