@WayDownSouth I was liberal when I was in my early 20s and broke.... ...now I've been in Management Consulting in the tech world for 10-yrs, and while I hate may tax rate... ...more liberal now. So, nice try - lot's of people with money are liberal. Obama won all the highest earning states :)
I'm confused by the sentiment that you didn't "earn" or "deserve" the stock options. The value of your labor to a company is always worth significantly more than what they pay you for it, this is especially true for people in white collar professions and as you work your way up the ladder. Basically whatever you were paid in benefits, salary and the options was definitely worth less than the value of your contribution. In my own experience where I'm in a situation where I actually have to justify the financial impact of my work on the company, the value of my contribution is HUGE compared to what I get paid, I mean I get paid very well, but still.... If anything, options are great as they spread the wealth around. Anyway, glad this worked out for you! Every time I've gotten options they wound up being worthless :( -M
Hi - Black guy here, see my picture? :) Also, I've been a consultant for over ten years.... So... 1) It's true, don't argue with executives in front of their minions. You can disagree but be VERY political about it, and aim to make it a business case type of disagreement. Now, on with my current client I can disagree with her in front of others, but, we're friends away from work. I've been to her house at functions where hardly anyone from the office was there. But again, be careful. 2) The racism is rough and yes, you needed to speak up. But I would've first talked to the person who also disagreed, made a strategy and then took it to the CEO separately. If it doesn't work, then you look for another job. Combining 1 & 2 - take racism out of the picture, go to basic business strategy, you could've lost your job for criticizing another issue just as well, because the person you're working for is petty. That's why you have to think carefully about the type of person you're dealing with, the issue, the audience and then make a strategy. I get it - in that situation it's hard no to want to speak up, BUT you have to be careful. Think of a strategy and then proceed. Again - I've built up relationships here where I can get away with a LOT, but I still know when and where to voice complaints, or hell, give someone else the ammo to handle it. In this situation you're not speaking up against injustices per se, you're speaking against someone's ego, someone who can hurt you. It's not about "letting it slide', it's about picking your spots and helping yourself first. I'd also not speak about this in public, as even people that agree with you 100% might be wary of you because you're airing interior dirty laundry. Case in point - I felt something that was done was a little un-PC, not outright "ist" of kinda not cool. But we're in a huge meeting and my standing up and saying: "WTF" isn't going to accomplish much but make someone want to stand up for themselves or feel stupid. So I talked to people outside of the meeting, "hey guys, we need to re-think *****", found others who agreed with me, yada, yada. Now it's all fixed. There is a way to do things. The "first they came" thing doesn't work because no one is listening and it actually works against you.
@missvancity I was once hired to write a guy's e-mails and reports to the executives, I'm actually serious. It was one of the highest paying gigs I've ever had.
The idea is heavily flawed, the Greater D.C. area was already one of the wealthiest in the country due to the availability of high income jobs. SO enticing people to move into an economically depressed part of the area instead of one of the more affluent ones wasn't as hard, since those people would have jobs and a way to earn a good living. Detroit is Detroit because there aren't any jobs, the whole area is economically depressed, so what exactly are people going to do after they arrive? Get shot? Where are these people going to work? The University of Michigan is 45 minutes from Detroit, Michigan State is about 90 minutes way. Both colleges produce a ton of smart, professional, young people who are moving out of state post graduation. Detroit needs industries to attract young people and make them staying worthwhile, the reason Gentrification worked in Brooklyn and D.C. was because the areas were already attractive.
@j a y for me it's just a mathematical fact, if I put $100/week into a saving's account I'll always have more liquidity than if I did a Tanda. Plus there is zero benefit to me in doing a Tanda vs. just saving. I don't get it. When it comes to money my brain is a spreadsheet, and when I run the numbers, zero benefit. -M
It's funny, I had an argument with a friend over this. One of those things that starts in a Facebook status and then you wind up apologizing or saying "it's cool bro" via text or e-mail. Personally..... ...I do a Tanda too for when I want to buy something, travel, etc. It's called divide the # of paychecks I'll get prior to when I want to save the money, and then put it aside in a savings account. :) It's different, it's new to us Westerners I guess, and I recall my Mom wanting to try it with our Laotian in-laws, but... ..my mathematical brain never saw the point other than appealing to the emotional side of one's finances "I'm going to get a bunch of money some day". If I put money aside every paycheck, I'll always have more liquidity than this and I figure if you can't master your own issues with money with respect to discipline and impulse control you'll never really get anywhere. *shrugs* I know, I know, I just shat on an approach various branches of multi-ethnic immigrant family swear by, but so be it. Just save your money, separate your emotions from money, it will all work out better in the end.
@Komura this is basically the talk I'm going to have with a young cousin. This is the talk I gave to some high school age kids, I talked through everything from budgeting, credit cards, taxes, mortgages, etc. When you finish high school you have to take financial responsibility for yourself, financial decisions not working out aren't the fault of everyone else but you. While I freely admit that not everyone has the knowledge to make the right decision, saying that people are incapable of making certain decisions says to me that maybe they shouldn't be in college.
A couple of thoughts: 1) Subsidized and unsubsidized student loans operate like a line of credit in a sense, you can ELECT to borrow up to the full amount OR you can just borrow what you need. 2) In many cases (or at least in mine) Subsidized more than covered what I needed, and the unsubsidized covered living expenses and then some. In fact I too out that loan because I had mismanaged what little money I had :( - and I wasn't the only one. It just seemed like free money to be honest. 3) BUT - even though I was 18-22 years old, I could count, so after Freshman year I started looking at the numbers and changing my ways. A lot of people did, I have classmates who ran up credit cards and then realized "I'm messing up" got jobs and paid them off before they graduated. At some point you just need to grow up and take charge of your life because no one else is going to do it for you. Harsh but true. 4) After college I had about $40k in school related debt (I'm in my mid 30s now) - it's almost all paid off despite the fact that I had some years where I didn't pay anything as I was laid off, back in school, etc. Still - my payment is only $100/month - I really should've just always paid something and I would be done already. Fail on my part. 5) So going back to the $40k - I racked that up working on an engineering double major, I then got jobs in the tech industry so the debt was never an issue. When I was in high school I was thinking of majoring in history or engineering, if I had picked the former I would've went to a state school (Mandated by my parents). So perhaps another part of this should be that high school kids need guidance as far as major choices vs. college choices. I read this essay and yes it sounds judgmental, but I don't take it personally because she discusses mistakes I made and I readily admit those mistakes. If I hadn't made those mistakes I wouldn't have an issue. I only see a problem with being judgmental if you're judging the innocent as if they're guilty.
@French Linton@twitter or that.... I just thought of that after I made my comment, my brokerage is linked to a cash management (with insurance up to $750k) so certain views show everything. Still my balance is nowhere near that much, I just set it up that way because there are zero ATM fees, better service, etc., I figure it's what rich folks do so why not set mine up that way if the brokerage isn't charging me any fees?