What do you do?
- Thread starter Alkorin
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Khane
Got something right about marriage
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Oh you guys. My father owns a clean energy company. He specializes in mostly solar and geothermal technologies. He's really knowledgeable in the field and makes a lot of good choices on product and installation practices, etc. But he's a numbskull at handling his customers. He extended a lot of credit to two "major" customers and they aren't paying him now. He's been in business for 10 years, I may never see my money again, but my parents have spent far more on me growing up and all the shit they've done for me up to and into college.
I don't know where Noodle got 200k. My living expenses are not 100k a year lol. I'm not Lamar Odom. The only debt I have is my mortgage and more than half of that is covered by my tenants, and my only other living expenses are utilities, food and occasional entertainment.
I don't know where Noodle got 200k. My living expenses are not 100k a year lol. I'm not Lamar Odom. The only debt I have is my mortgage and more than half of that is covered by my tenants, and my only other living expenses are utilities, food and occasional entertainment.
Noodleface
A Mod Real Quick
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You implied you had two years of salary stashed away and then gave it to your parents. Hence Noodle saying 200k.
Eomer
Trakanon Raider
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General rule of thumb is to have a rainy day fund of 2-3 months expenses that you do not touch, ever. But probably 90% of people don't do that. Most people will become financially stressed by a single missed pay check. Which is totally fucked if they're actually making a decent, high 5 or low six figure income. I mean it's understandable to be living check to check if you're only making 40k a year. But if you're making 100k a year and you don't have more than a couple grand in the bank, you really need to take a look at your finances and make some changes.
Index funds are liquid, but they can decline by 30-40% in the blink of an eye. And generally that kind of decline would correlate with job losses. A rainy day fund should probably only be in a savings account, cashable GIC, or a very short term bond fund that can't decline by more than a few percent. You're not trying to make money on that stash, but protecting it from inflation isn't a bad idea.Cad_sl said:
That's pretty fucked up if they aren't legally required to. In Alberta an employer has to pay out owed vacation time, severance and the like within something like 3 business days, no matter what.Cad_sl said:
Haast
Lord Nagafen Raider
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This is such a head scratcher to me. Is this true, guys? Do you have a plan for living if you lost income for several months? How about retirement or long term financial planning?
If not, it sounds like we need to have a Rerolled night school for financial literacy.
Probably should have this discussion in another thread, but if you look at the statistics it's 76% living paycheck to paycheck. Insane to me as I've always had extra money from when I worked at minimum wage all the way to now, and that is not living some insane super frugal lifestyle...
76% of Americans are living paycheck-to-paycheck - Jun. 24, 2013
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Depends on the state. I worked for a company in Vermont, which required vacation payout, but they were headquartered in North Carolina, which doesn't require vacation payout. So, I told them I'm quitting a week earlier than I had intended and just went on vacation.
Seems way too often that competition between states is just a race to bottom.
On the topic of reserves, I try to keep 6 months in savings(I'm paranoid, been laid off a few times already in my career) and I happen to have much more than that. Wife started a home daycare recently, so been cautious about investing it.
The definition of "paycheck-to-paycheck" in that article is extremely misleading.
Haast
Lord Nagafen Raider
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Sort of. They further explain that 76% have less than 6 months of expenses saved, which is the rule-of-thumb amount needed to safeguard job loss or other emergency. But 50% had less than 3 months of expenses saved and 27% had nothing saved. If less than 3 months would break you, you are essentially paycheck to paycheck.
And this grim fucking quote:
Noodleface
A Mod Real Quick
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I've been there before, but nowadays we try to keep at least 6 months of living expenses banked. The child definitely made us take a big hit on it.
stupidmonkey
Not Smrt
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Heylel
Trakanon Raider
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A month into the new job, and the CEO sent out a notification about cutbacks this Monday. No word where or how yet. I'm reasonably confident that I'm safe, given that I'm in the only sector of the company that is growing and doing especially well, and in the cutting edge segment of it. People in the assessments division are rightfully concerned, and I think many have already been expecting the ax since we lost Texas assessments contracting.
I've expressed concern to other members of my team, especially given how recently i came on board, but they all seem to think we should come out of this alright. Gonna be a spooky holiday.
I've expressed concern to other members of my team, especially given how recently i came on board, but they all seem to think we should come out of this alright. Gonna be a spooky holiday.
BrotherWu
MAGA
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I've vacationed there a few times and I like it. At one point I was actually looking in that area. I've spent most of my career in embedded software with only a little experience managing and developing desktop tools but I was looking at embedded.
Are you with Axosoft by any chance? We use OnTime.
stupidmonkey
Not Smrt
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We don't do any embedded system stuff ourselves but I am right up the street from them. I know lots of recruiters and people in industry around here. If you are interested let me know.
Quineloe
Ahn'Qiraj Raider
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how many days of PTO do you actually take?
A mail from the CEO to the entire company is not the first step, it's one of the last ones. They probably already know who'll be fired anyways.
Unless the company is Dilbert-level mismanaged, you wouldn't have been hired in the first place. There's probably been a hiring stop for a longer time for the other departments. Can you tell from intranet entries who was hired where in the last 6 months? My guess is that you're the only new hire for a while.
Noodleface
A Mod Real Quick
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At my old job I took every single day afforded to me during the year - since I was new it was 2 weeks vacation, a week of sick time, 3 floating holidays, and also I got a month of paid paternity leave that I took.
Here it's weird because we have unlimited time off. I feel like I may take less time off.. two weeks in and it's already hitting me that the culture here is WORK OH MY GOD THINGS ARE EXPLODING.
Edit: I agree with Quineloe, they budget for new hires way in advance - that's what happened here with me. Numbers are down, but I was still worked into the budget. The people they usually get rid of are those they feel are expendable (although a lot of times consultants/contractors are the first to go).
Here it's weird because we have unlimited time off. I feel like I may take less time off.. two weeks in and it's already hitting me that the culture here is WORK OH MY GOD THINGS ARE EXPLODING.
Edit: I agree with Quineloe, they budget for new hires way in advance - that's what happened here with me. Numbers are down, but I was still worked into the budget. The people they usually get rid of are those they feel are expendable (although a lot of times consultants/contractors are the first to go).
At this place they actually sent out an email announcing a new hire that came through to a guys phone while he was getting laid off. I would say this place is dilbert level though.