Pharmacy Salary Decrease Has Begun?

[WVUPharm2007]

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They paid me $8/hr at my first intern job back in 2002.

Oh, wait, that was a decade ago.

God damn I'm old.

 

[All4MyDaughter]

For a pharmacy intern??? How is that possible to pay that low? I was started at 11.50 hourly at a hospital, then moved up to 13.00 with a 2 dollar increase on weekends.

It's weird. And it doesn't fit with normal VA pay scales. I'm guessing it's some sort of weird locality thing they got approved somehow. Plus, that job description is pharmacy TECHNICIAN work, so I'm not sure how they are going to avoid running afoul of their union, which could possibly complain about replacing a more highly paid tech with an intern being paid a pittance.

 

[browneyes021]

It's weird. And it doesn't fit with normal VA pay scales. I'm guessing it's some sort of weird locality thing they got approved somehow. Plus, that job description is pharmacy TECHNICIAN work, so I'm not sure how they are going to avoid running afoul of their union, which could possibly complain about replacing a more highly paid tech with an intern being paid a pittance.

That is so wrong to make someone work for that low of pay. At least give 10-12 an hour but 8 something? It makes me sad to hear about how low technicians are paid and all the crap they put up with working in a pharmacy.

 

[All4MyDaughter]

That is so wrong to make someone work for that low of pay. At least give 10-12 an hour but 8 something? It makes me sad to hear about how low technicians are paid and all the crap they put up with working in a pharmacy.

VA techs make a lot more than that. That's why I think this is suspect and will probably get them in trouble with the tech's union.

 

[browneyes021]

VA techs make a lot more than that. That's why I think this is suspect and will probably get them in trouble with the tech's union.

Oh ok. I didn't know that techs have a union

 

[xiphoid2010]

Dude, we were talking about going to the grocery, right? If you have live in child care, why is your wife even taking the baby to the store with her? Doesn't the baby stay home with the mother in law? And why is Granny in the back seat? Why not ride up front? Unless the grocery trip requires you, your wife, Granny AND the baby? 😕.

She barely speaks english and doesn't drive, so grocery shopping is about the only time she gets out. I have to go along to carry the baby and move the heavy stuff like bags of rice. (and to stop my wife from ever using 'you don't do xyz' excuse.)

 

[All4MyDaughter]

She barely speaks english and doesn't drive, so grocery shopping is about the only time she gets out. I have to go along to carry the baby and move the heavy stuff like bags of rice. (and to stop my wife from ever using 'you don't do xyz' excuse.)

This story just gets more and more interesting... neither your wife nor your MIL can lift the baby? Or are you telling me that the baby has to be carried at all times? That sounds fun... If that's true, I feel bad for you guys. How old is the baby? My son sits in the cart and flirts with all the women in the store.

 

[All4MyDaughter]

Oh ok. I didn't know that techs have a union

They do at the VA.

 

[SHC1984]

She barely speaks english and doesn't drive, so grocery shopping is about the only time she gets out. I have to go along to carry the baby and move the heavy stuff like bags of rice. (and to stop my wife from ever using 'you don't do xyz' excuse.)

This story just gets more and more interesting... neither your wife nor your MIL can lift the baby? Or are you telling me that the baby has to be carried at all times? That sounds fun... If that's true, I feel bad for you guys. How old is the baby? My son sits in the cart and flirts with all the women in the store.

OMG. Always leave babies and children at HOME when you go out. In fact it's best to go out alone.

I babysit my cousin's 3 yo son ONE time...I went to the mall with him...it was a NIGHTMARE COME TRUE! 😱

OMG. I have no idea taking a kid out in public will be that big of a disaster. And not to mention tiring as hell too. I didn't get any shopping done going out with him! 🙄

If you guys are smart you will always leave the kids at home or at your mother's house when you need to go out.

I am never taking kids out again after that nightmare experience.

 

[pharm B]

OMG. Always leave babies and children at HOME when you go out. In fact it's best to go out alone.

Do you plan on having children SHC? Honest question. Most people don't overly stress about the physical changes that come with child-bearing. I picture you as someone who would.

 

[All4MyDaughter]

OMG. Always leave babies and children at HOME when you go out. In fact it's best to go out alone.

I babysit my cousin's 3 yo son ONE time...I went to the mall with him...it was a NIGHTMARE COME TRUE! 😱

OMG. I have no idea taking a kid out in public will be that big of a disaster. And not to mention tiring as hell too. I didn't get any shopping done going out with him! 🙄

If you guys are smart you will always leave the kids at home or at your mother's house when you need to go out.

I am never taking kids out again after that nightmare experience.

No, that's the wrong approach. The key is to take the kids out everywhere starting when they are really little so they get used to it and know how to act. We took both of our kids shopping, to family friendly restaurants, etc. from the time they were babies and had no problems. It's the kids who are coddled, always stay at home with Grandma or a sitter, who have to be carried everywhere, who won't stay in the stroller, who are always given whatever they want, that turn into huge BRATS who don't know how to act in public.

That said, there are some limits. Very young children don't belong in fancy restaurants, in bars (outside of meal times if the bar has a restaurant) or in the movie theater unless it's a kids movie. And I wouldn't start taking a kid to the movies until at least age 2, when he or she can actually pay attention to the movie and enjoy it.

My son is great when we go out places. He is friendly and cute and loves to "talk" to people. People seem to find him cute and charming as well. Well except for the child-haters, but we ignore those people. Last night my husband and I took the baby to dinner with us at Q'doba. Afterwards, hubby went next door to get a haircut and the baby and I went to the grocery that's in the same shopping center. He sat in the cart and drank his water from his sippy cup and was just fine.

 

[Sparda29]

No, that's the wrong approach. The key is to take the kids out everywhere starting when they are really little so they get used to it and know how to act. We took both of our kids shopping, to family friendly restaurants, etc. from the time they were babies and had no problems. It's the kids who are coddled, always stay at home with Grandma or a sitter, who have to be carried everywhere, who won't stay in the stroller, who are always given whatever they want, that turn into huge BRATS who don't know how to act in public.

That said, there are some limits. Very young children don't belong in fancy restaurants, in bars (outside of meal times if the bar has a restaurant) or in the movie theater unless it's a kids movie. And I wouldn't start taking a kid to the movies until at least age 2, when he or she can actually pay attention to the movie and enjoy it.

My son is great when we go out places. He is friendly and cute and loves to "talk" to people. People seem to find him cute and charming as well. Well except for the child-haters, but we ignore those people. Last night my husband and I took the baby to dinner with us at Q'doba. Afterwards, hubby went next door to get a haircut and the baby and I went to the grocery that's in the same shopping center. He sat in the cart and drank his water from his sippy cup and was just fine.

Definitely agree with the movie thing, but I'd say more like age 4-5 for that. Some of the people who went to the Batman movie for the midnight screening in Aurora had no business bringing their kids with them.

I also don't like it when parents bring infants and toddlers on a plane. If they must, the law should be that the infant and toddler be sedated for the duration of the flight.

 

[pharm B]

Definitely agree with the movie thing, but I'd say more like age 4-5 for that.

See, you start off reasonable...

Some of the people who went to the Batman movie for the midnight screening in Aurora had no business bringing their kids with them.

But then you dial it up to eleven...

I also don't like it when parents bring infants and toddlers on a plane. If they must, the law should be that the infant and toddler be sedated for the duration of the flight.

And a half.

 

[SHC1984]

Do you plan on having children SHC? Honest question. Most people don't overly stress about the physical changes that come with child-bearing. I picture you as someone who would.

I kinda do...hehehe...Babies are cute (when they are GOOD)...maybe just one baby boy....will be so cute.😀

I'll try to exercise more...I hope it will work. haha..

No, that's the wrong approach. The key is to take the kids out everywhere starting when they are really little so they get used to it and know how to act. We took both of our kids shopping, to family friendly restaurants, etc. from the time they were babies and had no problems. It's the kids who are coddled, always stay at home with Grandma or a sitter, who have to be carried everywhere, who won't stay in the stroller, who are always given whatever they want, that turn into huge BRATS who don't know how to act in public.

That said, there are some limits. Very young children don't belong in fancy restaurants, in bars (outside of meal times if the bar has a restaurant) or in the movie theater unless it's a kids movie. And I wouldn't start taking a kid to the movies until at least age 2, when he or she can actually pay attention to the movie and enjoy it.

My son is great when we go out places. He is friendly and cute and loves to "talk" to people. People seem to find him cute and charming as well. Well except for the child-haters, but we ignore those people. Last night my husband and I took the baby to dinner with us at Q'doba. Afterwards, hubby went next door to get a haircut and the baby and I went to the grocery that's in the same shopping center. He sat in the cart and drank his water from his sippy cup and was just fine.

That's a good point. Never thought about that.

My cousin's son is very spoiled.

He will not stop running around the entire mall. He would go inside a toy store and grab a toy and refuse to let it go...then his mom would have to buy it for him or he will never leave the store! Same with candy and all other stuff.

He grab a toy when I was shopping with him. I bought the toy but my cousin paid me back afterwards. He would cry and SCREAM very loudly if you don't buy him what he wants. He owns soooooo MANY toys that he could open his own Toys R Us. LOL

He will also run around everywhere and refuse to listen to you. If he doesn't get what he wants he will scream and cry very LOUDLY and his mom and grandparents will always end up giving him whatever he wanted.

He is also pretty violent too...he likes to throw things around...he hit his grandparents (my aunt and uncle) with his toys all the time before...(hopfully getting better now)

Maybe the kid needs Adderall? 😕

 

[SHC1984]

Definitely agree with the movie thing, but I'd say more like age 4-5 for that. Some of the people who went to the Batman movie for the midnight screening in Aurora had no business bringing their kids with them.

I also don't like it when parents bring infants and toddlers on a plane. If they must, the law should be that the infant and toddler be sedated for the duration of the flight.

I agree with you. It's not fair to other people if they have to listen to your son scream on a 10+ hour flight or during a movie they paid $15 to go to.

 

[browneyes021]

I kinda do...hehehe...Babies are cute (when they are GOOD)...maybe just one baby boy....will be so cute.😀

I'll try to exercise more...I hope it will work. haha..




That's a good point. Never thought about that.

My cousin's son is very spoiled.

He will not stop running around the entire mall. He would go inside a toy store and grab a toy and refuse to let it go...then his mom would have to buy it for him or he will never leave the store! Same with candy and all other stuff.

He grab a toy when I was shopping with him. I bought the toy but my cousin paid me back afterwards. He would cry and SCREAM very loudly if you don't buy him what he wants.

He will also run around everywhere and refuse to listen to you.

He is also pretty violent too...he likes to throw things around...he hit his grandparents (my aunt and uncle) with his toys all the time before...(hopfully getting better now)

Maybe the kid needs Adderall? 😕

No, he needs an a**whooping with a belt or switch.

 

[All4MyDaughter]

Definitely agree with the movie thing, but I'd say more like age 4-5 for that. Some of the people who went to the Batman movie for the midnight screening in Aurora had no business bringing their kids with them.

I also don't like it when parents bring infants and toddlers on a plane. If they must, the law should be that the infant and toddler be sedated for the duration of the flight.

I already said little kids don't belong in adult movies, period. Especially not midnight showings. I took my daughter to kids movies starting when she was two and she did fine. I never took her to an adult movie in the theater. Why would I?

As far as your suggestion for sedation on airplanes... whatever. There are PLENTY of annoying asshat adults on airplanes too. Maybe we should sedate them as well.

 

[All4MyDaughter]

Maybe the kid needs Adderall? 😕

No, he needs an a**whooping with a belt or switch.

No, the kid just needs better parenting. At that age, children's behavioral problems are almost entirely caused by their parents.

 

[All4MyDaughter]

PharmB, do you REALLY think children belong in a midnight screening of a movie? I don't. certainly not young children. Although I'm not sure at what age it might begin to be appropriate. Not infants, not toddlers and not preschoolers/early elementary age. IMO.

 

[pharm B]

PharmB, do you REALLY think children belong in a midnight screening of a movie? I don't. certainly not young children. Although I'm not sure at what age it might begin to be appropriate. Not infants, not toddlers and not preschoolers/early elementary age. IMO.

I wasn't commenting on the time of the movie so much. I was referring to sparda's bringing the Aurora shooting into the conversation.

 

[Hope1974]

http://newyork.craigslist.org/que/hea/3225013137.html

I mean what the hell? This ******* is gonna ruin it for everyone by offering to volunteer pharmacist work.

Hell, I was ready ta volunteer when I couldnt find a job.

 

[spacecowgirl]

my baby is almost always an angel in public but the process of bringing her and all of the baby accouterments deters me from wanting to go out with her. The simplest of errands is just not at this point. It irks me when adults have adult expectations from children. People that drag their kids through the store when it is clearly the kid's nap or dinner time (no wonder the kid is crying!). People that take their kids to weddings or other events that are totally and completely boring when you're a tot. How do you expect them to act?

I do want to fly a couple of places with her but that would make me one of "those people" that I gave the side eye to when I would fly in my pre-child days!

 

[xiphoid2010]

This story just gets more and more interesting... neither your wife nor your MIL can lift the baby? Or are you telling me that the baby has to be carried at all times? That sounds fun... If that's true, I feel bad for you guys. How old is the baby? My son sits in the cart and flirts with all the women in the store.

My son is just over a year old. Started walking about 2 months ago. He won't stay in the stroller for more than 15-30 minutes before fighting and crying.. So while my wife and MIL go gaga on the shopping, I get to hold the baby (now it's more like chasing after him). Of course also when it comes to the rice bag, loading and off loading the car. You know, I the usual used and abused husband stuff.

 

[xiphoid2010]

Assuming you bring in $250k+ and spending $7k/mo, saving ~5k/mo is still very respectable. Yep, best time to save is when you have no kids or right after they leave the house. To raise a kid from 0-17 years, it has been estimated to cost around $300k.

At the very minimum, everyone should at least max their 401k/403b/tsp account. For pharmacists, that is saving 15% of your gross income to max 401k invested in low cost index fund. This action alone will give you a good chance of having ~$5M after 40 years.

yeah, the beauty of marrying another pharmacist is the high income. Even after maxing out 401k and back door Roth, paying student loan 1x annual income, a baby or two and a mortgage, there should still be thousands of $ left each month. But if the couple can hold off on having kids, and live like students for a few more years, they can invest close to $100k/yr on top of maxing out their 401k. An few years of big investment early on can generate much bigger gains than a bunch small ones over time.

 

[xiphoid2010]

my baby is almost always an angel in public but the process of bringing her and all of the baby accouterments deters me from wanting to go out with her. The simplest of errands is just not at this point. It irks me when adults have adult expectations from children. People that drag their kids through the store when it is clearly the kid's nap or dinner time (no wonder the kid is crying!). People that take their kids to weddings or other events that are totally and completely boring when you're a tot. How do you expect them to act?

I do want to fly a couple of places with her but that would make me one of "those people" that I gave the side eye to when I would fly in my pre-child days!

My son is a cute devil. ,o

He loves to go out. Would fetch his shoes and run to me every time I go towards the door. The problem is he is unrestrained and stubborn, go were he wants to, get into whatever he wants, and won't take no for an answer.

 

[All4MyDaughter]

My son is just over a year old. Started walking about 2 months ago. He won't stay in the stroller for more than 15-30 minutes before fighting and crying.. So while my wife and MIL go gaga on the shopping, I get to hold the baby (now it's more like chasing after him). Of course also when it comes to the rice bag, loading and off loading the car. You know, I the usual used and abused husband stuff.

My son is a cute devil. ,o

He loves to go out. Would fetch his shoes and run to me every time I go towards the door. The problem is he is unrestrained and stubborn, go were he wants to, get into whatever he wants, and won't take no for an answer.

Uh huh... Did you read SHC's post about the 3 year old in the mall? That's what you are in for if you don't start setting limits and enforcing them. My son is the same age and will stay in the cart no problem. When he walks, he stays with me and holds my hand. You are the parent and it's your job to teach appropriate behavior. Did your wife ever let you back in the bed or is she still sleeping with the baby?

 

[xiphoid2010]

Uh huh... Did you read SHC's post about the 3 year old in the mall? That's what you are in for if you don't start setting limits and enforcing them. My son is the same age and will stay in the cart no problem. When he walks, he stays with me and holds my hand. You are the parent and it's your job to teach appropriate behavior. Did your wife ever let you back in the bed or is she still sleeping with the baby?

I am a believer of harsh discipline, but my wife and MIL do not share that desire or concerns. Besides, I have less time after work with the baby than they do, nor am I in a position to tell 2 women how to raise kids.

Honestly, I'm somewhat concerned, but I don't really know what to think. Every baby is different, and what we were as kids don't always translate into adulthood. My parents say I was tossed out of 5 day cares because they couldn't handle me, but I grew up to be someone who follow rules. So I hope that's just a little piece of me in him.

P.S my wife and I are back on our beds now, he's in the crib. Our son wake up crying from having nightmares once a while and need to sleep with us, but mostly we don't.

 

[SHC1984]

I am a believer of harsh discipline, but my wife and MIL do not share that desire or concerns. Besides, I have less time after work with the baby than they do, nor am I in a position to tell 2 women how to raise kids.

Honestly, I'm somewhat concerned, but I don't really know what to think. Every baby is different, and what we were as kids don't always translate into adulthood. My parents say I was tossed out of 5 day cares because they couldn't handle me, but I grew up to be someone who follow rules. So I hope that's just a little piece of me in him.

P.S my wife and I are back on our beds now, he's in the crib. Our son wake up crying from having nightmares once a while and need to sleep with us, but mostly we don't.

I hope your son doesn't turn to be the same as my cousin's son.

The kid is SUPER CUTE....big eyes etc...but MEAN.

If he doesn't get what he wants....HOT TEMPER, SCREAMS and CRIES...until his mom and grandma give in...they ALWAYS give in.

That kid gets whatever he wants...he can walk into a store and grab a $300 toy and refuse to let go and it will be his. If you don't buy it he will SCREAM!

If he doesn't get what he wants to eat (ice cream) he will SCREAM.

He also likes to throw things at his grandmother (who spoils him rotten).

I hope I don't end up with a son like that. 😱

 

[SHC1984]

But I can't deny...babies are soooo CUTE. 😀

 

[SHC1984]

Uh huh... Did you read SHC's post about the 3 year old in the mall? That's what you are in for if you don't start setting limits and enforcing them. My son is the same age and will stay in the cart no problem. When he walks, he stays with me and holds my hand. You are the parent and it's your job to teach appropriate behavior. Did your wife ever let you back in the bed or is she still sleeping with the baby?

Awww....sounds like a perfect angel...You need to come teach my cousin's son. LOL...

But I think it's too late for him. 🙄

 

[Pharmacy Kid]

If there's one thing I am willing to splurge on it, it's vacations. Went to Cancun and will be going to Japan soon. Next up is Europe, Australia, and eventually Antarctica! The only big expense I've had besides trips is my car. But I was able to haggle down to $3000 under Edmunds TMV so it was a good decision for me. My previous car was an 1988 Taurus which was crapping out

 

[Sparda29]

If there's one thing I am willing to splurge on it, it's vacations. Went to Cancun and will be going to Japan soon. Next up is Europe, Australia, and eventually Antarctica! The only big expense I've had besides trips is my car. But I was able to haggle down to $3000 under Edmunds TMV so it was a good decision for me. My previous car was an 1988 Taurus which was crapping out

That's the thing with me and cars. I don't see them as a status symbol or simply as a means to get from A to B, but as something to enjoy and have fun with. That's what a lot of people fail to understand about motorheads/gearheads/petrolheads like me. I can honestly say that, if someone came to me with a choice between:

A - Being able to have sex with any woman I want any time I want.
B - Being able to have and drive any car I want at any time I want.

I'd choose the cars.

 

[smercer]

I can honestly say that, if someone came to me with a choice between:

A - Being able to have sex with any woman I want any time I want.
B - Being able to have and drive any car I want at any time I want.

I'd choose the cars.

Just tell us the truth. It's really because the cars don't ask you to cuddle afterwards.

 

[Sparda29]

Just tell us the truth. It's really because the cars don't ask you to cuddle afterwards.

Well yeah the no cuddle afterwards is definitely true. Besides, if I roll up to some nightclub here in New York City in a Bugatti Veyron, I'm pretty sure I'd get laid.

 

[rxlea]

Well yeah the no cuddle afterwards is definitely true. Besides, if I roll up to some nightclub here in New York City in a Bugatti Veyron, I'm pretty sure I'd get laid.

sad women really fall for that rolling up to a club in a sports car crap.

Can't say I've never tried to impress a lady with fancy things though. Flowers, dinner at a high end restaurant, fancy bottle of wine, moonlit walk, listening to sexy music by the fire...

But the kind of women I've wooed aren't the ones that sit at a club and wait for Sparda to roll up. Just sayin'.... What if someone rolls up in a better car, better suit, etc.? Your lady friend might bail.

 

[SHC1984]

Well yeah the no cuddle afterwards is definitely true. Besides, if I roll up to some nightclub here in New York City in a Bugatti Veyron, I'm pretty sure I'd get laid.

A guy told me if he had the option of
A) Never smoke again and have sex with any woman he wants.
or
B) Never have sex again and smoke for the rest of his life.

He would pick B) 😱 I guess smoking feel really good...

sad women really fall for that rolling up to a club in a sports car crap.

Can't say I've never tried to impress a lady with fancy things though. Flowers, dinner at a high end restaurant, fancy bottle of wine, moonlit walk, listening to sexy music by the fire...

But the kind of women I've wooed aren't the ones that sit at a club and wait for Sparda to roll up. Just sayin'.... What if someone rolls up in a better car, better suit, etc.? Your lady friend might bail.

Well cars are nice of course but it's a POOR way to tell how much money a person is worth.

Anyone can borrow money and put themselves in HIGH DEBT to drive a nice car. That isn't rich at all.

My little sister worked at Bank of America before she started law school. She told me the bank account of 4 million dollars belong to a guy that drives a very old honda civic...he will always have tons of boxes in his car too. He will never dress up so if you see him he just looks like some average guy on the street.

She also remember a bank account of a guy driving a Porche being $200 too. 🙄 How rich is that?

Like I say...here in America people LOVE to borrow money and TONS of money....we all love debt so practically ANYONE can borrow money to buy a expensive ass car and have $10 in their bank account.

 

[Sparda29]

A guy told me if he had the option of
A) Never smoke again and have sex with any woman he wants.
or
B) Never have sex again and smoke for the rest of his life.

He would pick B) 😱 I guess smoking feel really good...



Well cars are nice of course but it's a POOR way to tell how much money a person is worth.

Anyone can borrow money and put themselves in HIGH DEBT to drive a nice car. That isn't rich at all.

My little sister worked at Bank of America before she started law school. She told me the bank account of 4 million dollars belong to a guy that drives a very old honda civic...he will always have tons of boxes in his car too. He will never dress up so if you see him he just looks like some average guy on the street.

She also remember a bank account of a guy driving a Porche being $200 too. 🙄 How rich is that?

Like I say...here in America people LOVE to borrow money and TONS of money....we all love debt so practically ANYONE can borrow money to buy a expensive ass car and have $10 in their bank account.

Actually I don't keep most of my money in a bank account. It's either in the safe deposit box or a fire-proof, flood-proof, high security safe in my house.

 

[Momus]

Actually I don't keep most of my money in a bank account. It's either in the safe deposit box or a fire-proof, flood-proof, high security safe in my house.

Time to find out where you live and send some really nice people to your house!

 

[SHC1984]

Actually I don't keep most of my money in a bank account. It's either in the safe deposit box or a fire-proof, flood-proof, high security safe in my house.

My mom told me I should do that! LOL...

But I want my money to EARN INTEREST. So I prefer to at least put it in a CD or if not invest it in something to MAKE more money.

Don't you want to make more money with your money?

 

[SHC1984]

Time to find out where you live and send some really nice people to your house!

I use to wait tables at my parents restaurant....I was told to put all my money under my bed...at one time I had 35K under my bed! 😱

 

[Sparda29]

Time to find out where you live and send some really nice people to your house!

The really nice people will likely be staring down the barrel of a 12 guage shotgun.

My mom told me I should do that! LOL...

But I want my money to EARN INTEREST. So I prefer to at least put it in a CD or if not invest it in something to MAKE more money.

Don't you want to make more money with your money?

Yeah, my taxable income I'd put into the bank to grow interest. But the cash I get from working independents, hell no because there's a chance you can get audited.

 

[Momus]

My little sister worked at Bank of America before she started law school. She told me the bank account of 4 million dollars belong to a guy that drives a very old honda civic...he will always have tons of boxes in his car too. He will never dress up so if you see him he just looks like some average guy on the street.

She also remember a bank account of a guy driving a Porche being $200 too. 🙄 How rich is that?

Like I say...here in America people LOVE to borrow money and TONS of money....we all love debt so practically ANYONE can borrow money to buy a expensive ass car and have $10 in their bank account.

Probably one of the reason why Civic guy has $4M is because he is not the guy who drives a Porche. Millionaires tend to look really average. OTOH, the next guy who is all flashy will barely have anything... Read The Millionaire Next Door. Really good book you can get a used one for 0.01 cent + shipping.

People don't think about live style creep.

1. Get a new BMW/Porsche/Maserrati
2. Now you have to buy a nice clothes... can't let anyone know if you buy your clothes from Goodwill/Ross/Walmart/Target...
3. Gotta eat a high class restaurant
4. Gotta get a big house to compliment with the car
5. Gotta get $10k watches and latest Iphone/Ipad
6. Can't downgrade lifestyle now... what are people going to think of me? That I am in deep **** financially?
7. Repeat the cycle every 5 years... now you end up broke at 65 years old

Compare this to someone who looks average, he does not have to keep up with the Joneses and he will be able to tuck away more $$$.

 

[Sparda29]

Probably one of the reason why Civic guy has $4M is because he is not the guy who drives a Porche. Millionaires tend to look really average. OTOH, the next guy who is all flashy will barely have anything... Read The Millionaire Next Door. Really good book you can get a used one for 0.01 cent + shipping.

People don't think about live style creep.

1. Get a new BMW/Porsche/Maserrati
2. Now you have to buy a nice clothes... can't let anyone know if you buy your clothes from Goodwill/Ross/Walmart/Target...
3. Gotta eat a high class restaurant
4. Gotta get a big house to compliment with the car
5. Gotta get $10k watches and latest Iphone/Ipad
6. Can't downgrade lifestyle now... what are people going to think of me? That I am in deep **** financially?
7. Repeat the cycle every 5 years... now you end up broke at 65 years old

Compare this to someone who looks average, he does not have to keep up with the Joneses and he will be able to tuck away more $$$.

I mean, if you're just gonna save up all that money, what's the point? Just give it all away to your family when you die?

 

[Momus]

Yeah, my taxable income I'd put into the bank to grow interest. But the cash I get from working independents, hell no because there's a chance you can get audited.

Buy gold coins with that money to at least keep up with inflation if you can't deposit it

 

[Momus]

I mean, if you're just gonna save up all that money, what's the point? Just give it all away to your family when you die?

Buy experience not stuff...

 

[SHC1984]

Buy experience not stuff...

You are totally right about money. You are very good with it!

When I graduate I need to first get my 80K student debt paid off ASAP...then I will start saving and investing too.

My weakness however is clothes and shoes! haha...but I will try my best to not buy any till all my debt is paid off first!


What is your weakness? You spend a lot of money on vacations?

 

[SHC1984]

Yeah, my taxable income I'd put into the bank to grow interest. But the cash I get from working independents, hell no because there's a chance you can get audited.

When do a person get audited? When they feel you have too much money? lol

 

[cycloketocaine]

I think that I wanna see a SHC-Sparda hookup.

 

[SHC1984]

I think that I wanna see a SHC-Sparda hookup.

LOL...we are friends on Facebook!

Nice picture by the way! 🙂

 

[Sparda29]

When do a person get audited? When they feel you have too much money? lol

It could be random. With bank accounts, if you make a deposit more than $10K you have to explain it to the bank. But if you're making like $700 cash deposits every week in addition to the $2.5K+ checks from the hospital, it will be hard to explain.