Thread: My sig explained (finally..and it's a fricken' novel)

Originally Posted by R32 JUhl

OCTal 31 = DECimal 25

the attack on my debt is currently on hold

I am instead taking the money I would've paid (over and above the minimum payments) and dumping it into my "emergency fund."

It's at $1200 right now, and once it hits $3000 I will be finding a new job. What with the women problems and retardedly low salaries in Mississippi, the last straw for me with this job came today when my boss instructed me to take inventory of the thousands of CD's we have whilst he set up a new server. I didnt even know he was doing it until I went to the computer room to check on the CD's we have for the servers. The 2 other network guys in the bank (my boss and one other guy) are very protective of thier knowledge and, basically, refuse to teach me anything. I am suffering from brain rot.

I need that money to pay for a rental truck, deposits on apartment and utilities, and any other moving expenses. The hope is to double my salary and yet still live the way I live now--like I'm poor.

Dave says it is okay to put the debt attack on hold if you think a big expense is coming soon. I hope to have the $3k by the first of April and maybe move to Nashville or Atlanta. Just living in one of those cities (which I will not move to until I get a new job) will help me get an even better job later on down the road. Who would you rather hire as a computer consultant: a guy from Atlanta or a guy from a rural Mississippi town you've never hear of?

So, that's the current state of things. BTW, I have video of my credit cards being shredded that I will post at some point

cool. it's always good to see credit cards get what is coming to them

Originally Posted by wizardPC

Who would you rather hire as a computer consultant: a guy from Atlanta or a guy from a rural Mississippi town you've never hear of?

I'd want to hire the guy from a rural Mississippi town I've never heard of. As a corporate shill only interested in increasing my company's stock value by keeping costs low, I'd hire the cheapest labor I could find. <end sarcasm> Sincerely, SO many companies have embraced this "tripping over a dollar to save a dime" mentality that I don't know that your geographical background is a detriment. However, I would agree that there's more money to be made in the city and there are more opportunities... but the city also costs more (housing, insurance, fuel, etc.).

Post your resume before you post the shredding video. I've shredded credit cards myself and it's anti-climactic. There are a lot of Atlantans on here and one of us might be able to help you out. I'm attending a quazi-car show tonight, a carputer meet Saturday, and another quazi-car show next Friday and I'll spread the word. We don't have any need for your skill set in my office; and I'd recommend a better employer than mine, frankly. Well... in all honesty, I'd recommend ending your wage slavery, period. But that's the investor in me talking.

holy crap.

I just got off the phone with my mother, and I found out that they have nearly a half a million in debt. They have no savings, dad cashed out his 401k to put money down on a rental house in Arizona, and he thinks he's going to retire in 4 years.

I also found out that they took out a second mortgage, so the house that they have been making payments on for 10 years is worth less than what they what they owe.

Now, mom says that the second mortgage was $40,000 to pay for me and my sister to go to college. I was on scholarship for the first 2 years and took out $30,000 in loans for the last 3, so I know none of that money was for me. My sister is a junior at a state school and lives with a friend in a house that the freind's family owns--meaning no rent. My sister has a job and also took out some loans, so I know none (or very little) of that money went to her.

WTF was my dad spending that money on? There's also an $8000 car loan and ~$30,000 in credit card debt. My dad drives a company truck, so if he retires he's prolly gonna go out and buy a $40,000 Escalade SUV (his dream car that the company, for obvious reasons, won't buy him). They already had one bankruptcy about 15 years ago, I see history repeating.

again, holy crap.

The most empowering thing you can have is independance. There's a magic number I've heard in various circles - save up enough money to live for 4 months. Anyone can get a job in 4 months - even a capable out of work software programmer. Bring that in to work with you one day. You begin to laugh at the piddly things your boss asks you to do. Brush off the things the office suckup tells you that you are doing wrong. That's not to say I'm looking to get fired - it's just empowering to think that I could leave at a moments notice and walk around the office, pointing my finger and saying "**** you... **** you... you're cool... **** you... **** you..."

Originally Posted by wizardPC

holy crap.

I just got off the phone with my mother, and I found out that they have nearly a half a million in debt. They have no savings, dad cashed out his 401k to put money down on a rental house in Arizona, and he thinks he's going to retire in 4 years.

I also found out that they took out a second mortgage, so the house that they have been making payments on for 10 years is worth less than what they what they owe.

Now, mom says that the second mortgage was $40,000 to pay for me and my sister to go to college. I was on scholarship for the first 2 years and took out $30,000 in loans for the last 3, so I know none of that money was for me. My sister is a junior at a state school and lives with a friend in a house that the freind's family owns--meaning no rent. My sister has a job and also took out some loans, so I know none (or very little) of that money went to her.

WTF was my dad spending that money on? There's also an $8000 car loan and ~$30,000 in credit card debt. My dad drives a company truck, so if he retires he's prolly gonna go out and buy a $40,000 Escalade SUV (his dream car that the company, for obvious reasons, won't buy him). They already had one bankruptcy about 15 years ago, I see history repeating.

again, holy crap.

Dude, aren't you happy that you are figuring out how to properly deal with finances before you only have 4 years until retirement?

Originally Posted by wizardPC

holy crap.

I just got off the phone with my mother, and I found out that they have nearly a half a million in debt. They have no savings, dad cashed out his 401k to put money down on a rental house in Arizona, and he thinks he's going to retire in 4 years.

I also found out that they took out a second mortgage, so the house that they have been making payments on for 10 years is worth less than what they what they owe.

Now, mom says that the second mortgage was $40,000 to pay for me and my sister to go to college. I was on scholarship for the first 2 years and took out $30,000 in loans for the last 3, so I know none of that money was for me. My sister is a junior at a state school and lives with a friend in a house that the freind's family owns--meaning no rent. My sister has a job and also took out some loans, so I know none (or very little) of that money went to her.

WTF was my dad spending that money on? There's also an $8000 car loan and ~$30,000 in credit card debt. My dad drives a company truck, so if he retires he's prolly gonna go out and buy a $40,000 Escalade SUV (his dream car that the company, for obvious reasons, won't buy him). They already had one bankruptcy about 15 years ago, I see history repeating.

again, holy crap.

This could be the best thing they have told you. It shows you what NOT to do. The good thing is that you have realised that you can change your habits now so you don't get into the same mess as your parents. I know a few people that retire and have nothing to show after working for 50 years except for a large debt. Maybe you can teach them a thing or two about money management. It sounds like you have all the right ideas to get ahead in life.
One thing I have learnt from the conversations I have had with my work colleagues is that advice is free. You may not agree with everything that is said but listen anyway cause you might just pickup on something that helps you out.