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Old 06-21-2015, 01:08 AM   #161
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Location: DFW Metroplex
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On the TV side. I will give Verizon a call tomorrow. I probably turn the tv on once a week if that. Apparently they don't have a customer retention department anymore. Looks like the two options for my complex are Verizon or U-Verse. U-Verse is more expensive with a slower plan and they charge extra for the wi-fi router.

I was stressed out for a while at work and ate daily at our cafeteria. Very easy to spend 10 bucks a day there. So $50/week * 4 weeks = $200. That's not including groceries or eating out.

My vacation has sucked, I didn't see any friends, have mostly been in the apartment by myself and father's day is tomorrow. One of my younger friends who makes over double what I do is vacationing in Florida with his bf and not long ago he was in Europe for work. He just bought brand new sports car and his bonus is more than what make in a whole year.

I have broken down a few times and made frivolous purchases to help fill a void. Maybe the car was one of them. I've tried to make friends in my 4 years here but not much luck. I try not to drink / eat out for health reasons and most of them are the opposite. My ex would go out 4 times a week and likes to drink...

Done meetup groups, made postings on craigslist, went to a bike rally thinking I'd find someone to talk to, tried to go to a bowling event by myself before anxiety kicked in. No one other than the guys I dated briefly have come to my apartment and I've been here 6 months. In some way I justified spending money I didn't have to on dates because I at least got some kind of attention. As far as friends, almost all of them earn more than I do by 50-100% or have a multi-income household so even if we do find a common ground place I take a bigger hit financially.

2 years ago my student loan was $39k now it's $17k. If I paid the minimum the loan would be closer to $30k but I'd have a lot more in savings. I now see how it's an absolute must to have a buffer.

As far as my current earnings. That's only been the case for the last 2 years. For 2012 I grossed ~$29k/yr. Half of 2011 with my move I had 0 income and only grossed about 14k for the year. Half of 2009 / 2010 I lacked ambition & worked a misleading part-time job before depleting 10k of savings to live then got a full time job making my total gross in 2010 about $17k and in 2009 I was jobless for 2 months before going into the pt time gig where I never made more than $500/mo. In 2008 I bought the car that I sold last year. So yeah I've been all over the place. I take full responsibility for my actions, no one forced me to quit a job after I emotionally felt broken and defeated...or work for a cheap multimillionaire CEO when I knew my talents / value wasn't being recognized. That was all my doing.

Raises / promotions are a possibility. I'm still trying to move up. Without going into too many details I'm at the lower end of the pay band for my position and have been doing the job of two people for a while. It's been a bit frustrating but I need to become vested while also eliminating these gaps on my resume. Over the long term I don't know if I can reach the level needed in this field to hit my earnings goals. A lot of what they've learned is from experience but the only way for me to get experience is to reach out to other people. However when I'm fighting to stay above water each day and they're bombarded with meetings...time for secondary projects isn't easy.

In closing. Yes I can and will do better. Comparing myself to others is kind of depressing so I try to avoid that when possible. I don't necessarily see everything that was involved to help get there where they are today. Not sure if I could personally handle their 60+ hour weeks. At that point I'd feel like a slave to a job. So I'm going to compare myself to where I was a day, week, month, year ago to see where I'm trending. I really do appreciate everyone's advice here. I don't post much because it seems like I'm so far behind. I want my results / actions to count more than what I type here.

Can't change the past but I have control over my present and future.
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Old 06-21-2015, 01:45 AM   #162
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I cannot believe that your FICO is so high.... higher than mine and I can guarantee I have more money and more income...

But, I do have a car note and a house note.... but low interest so do not want to pay them off....



As for comparing yourself to others that go out all the time, go to Europe etc. etc... that is a fools game... if you do not have their education, their salary etc. etc. there is no way you can keep up with them... it sounds like you wish you could and are getting depressed because of it... which leads you into making bad decisions....


The first thing you have to do is be happy with YOURSELF... it can be hard to do, but if you are not..... nothing in life will go well.... good luck...
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Old 06-21-2015, 07:49 AM   #163
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Wow, some of the last few posters are really dishing out the "tough love". You could change a few things but you are trying and thinking about where to go next. Given the example of your parents and the fact you are a young single guy, I think you are making a real effort.

Check your expenses for some places to cut back, don't make any extra payments on your student loans, put that money into an emergency fund. Get some clarity about what you spend on cars and you will keep making strides in the right direction. Also, don't think you have to make so many excuses for your past actions, just try to learn from them so you don't repeat them. Good Luck
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Old 06-21-2015, 09:02 AM   #164
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I know the OP said 'tough love'... but I do not see it that way... I see it as a different perspective that I assume nobody he knows is telling him...

He asked for opinions and I gave mine... he can take it or leave it as I have no skin in the game... nothing personal on whatever decision he makes...

I do find it fascinating what some people say is normal.... from the court shows that I watch at time it does seem like an expensive phone plan with an Apple is 'required'... I saw one the other day where the person had to borrow $50 to start their plan and the monthly bill approached $500... for two phones... and these are POOR people... then was surprised that their friend did not pay their share....
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Old 06-21-2015, 08:54 PM   #165
Recycles dryer sheets
 
Join Date: May 2008
Location: DFW Metroplex
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I may have mis-estimated my earnings history for the last few years. Here is a more accurate summary:

2014 $55,334
2013 $48,247
2012 $29,685
2011 $15,528
2010 $17,615
2009 $29,884
2008 $35,799
2007 $29,129
2006 $25,550
2005 $18,450
2004 $14,614
2003 $11,439
2002 $12,923
2001 $6,365
2000 $7,297
1999 $1,924

I was in HS from 99-01, full time college student from 01-05 and in grad school from 05-07.

Update - I called Verizon and would have to pay a $180 early termination fee as my contract is in effect until December 14, 2016. Downgrading to internet only 50/50 would be 84.99, 25/25 would be 74.99. So getting rid of TV and doing internet-only would only save me like $5-10 per month. Actually more once you roll in taxes / miscellaneous fees. I didn't feel like arguing with them on the phone.

Thought about moving to a 3g/4g service like Clear. A friend used it for a month years ago and returned it due to extremely poor service. Yelpers agree, it sucks.
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Anon blogger - Since April 2012 I've been on a mission to rid myself of $45,159.35 of student loan debt. Down to $16,691 on 6/10/15. Plan to have loan paid off in 2016/7.
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Old 06-21-2015, 09:11 PM   #166
Recycles dryer sheets
 
Join Date: May 2008
Location: DFW Metroplex
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Quote:
Originally Posted by Texas Proud View Post
I know the OP said 'tough love'... but I do not see it that way... I see it as a different perspective that I assume nobody he knows is telling him...

He asked for opinions and I gave mine... he can take it or leave it as I have no skin in the game... nothing personal on whatever decision he makes...

I do find it fascinating what some people say is normal.... from the court shows that I watch at time it does seem like an expensive phone plan with an Apple is 'required'... I saw one the other day where the person had to borrow $50 to start their plan and the monthly bill approached $500... for two phones... and these are POOR people... then was surprised that their friend did not pay their share....
I agree with you on what is normal in this country. I'm sure some people making near minimum wage are going working and borrowing money just to have the latest phone. Not thinking long-term about their career or other aspects of life. $500/mo for a phone I'd do a $20 prepaid before I did that. I cosigned a phone for someone in 07 that was $500 and he was working as a cashier. Couldn't afford a car. Dating-wise he would go out with friends and never invite me anywhere. He said the phone was a gift to him and wouldn't give it back. I cut ties to him after that and fortunately only had to pay back a portion to the phone co.

My friend with a ton of credit card debt. He borrowed close to $30k on a car at close to 10% interest because of his credit. Then proceeded to drive almost 15k miles in 6 months. The car was worth about 10k less than he paid for it when he asked about turning it in. He moved closer to work, gave up his $1k+ luxury 2br apt to live in a room but still has the expensive car.

My takeaway is putting things into perspective. Many non ER folks don't think about the long term impact of their financial decision. They think short-term and falsely attach happiness to material things or experiences that often go on credit. Then time passes, the bill is still there and the item / experience that once brought joy is now a burden.

One of the things I overheard MMM speak about is studying happiness to help break the attachment with consumerism. He's spot on.
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Anon blogger - Since April 2012 I've been on a mission to rid myself of $45,159.35 of student loan debt. Down to $16,691 on 6/10/15. Plan to have loan paid off in 2016/7.
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Old 06-21-2015, 09:52 PM   #167
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,263
Quote:
Originally Posted by MBAVisionary View Post
I may have mis-estimated my earnings history for the last few years. Here is a more accurate summary:

2014 $55,334
2013 $48,247
2012 $29,685
2011 $15,528
2010 $17,615
2009 $29,884
2008 $35,799
2007 $29,129
2006 $25,550
2005 $18,450
2004 $14,614
2003 $11,439
2002 $12,923
2001 $6,365
2000 $7,297
1999 $1,924

I was in HS from 99-01, full time college student from 01-05 and in grad school from 05-07.

Update - I called Verizon and would have to pay a $180 early termination fee as my contract is in effect until December 14, 2016. Downgrading to internet only 50/50 would be 84.99, 25/25 would be 74.99. So getting rid of TV and doing internet-only would only save me like $5-10 per month. Actually more once you roll in taxes / miscellaneous fees. I didn't feel like arguing with them on the phone.

Thought about moving to a 3g/4g service like Clear. A friend used it for a month years ago and returned it due to extremely poor service. Yelpers agree, it sucks.
Well, it looks like you are now going in the right direction salary wise..... good for you...

Yep, it does not make sense to downgrade for $10 per month... internet is expensive in the US for some reason (well, I know... due to monopolies)... in Europe it is much cheaper... so are cell phones... I think we are moving in the right direction on cell phones but not internet...


Just another suggestion.... never put anybody on any kind of plan with monthly payments unless you can cancel at any time without a fee.. it is surprising how good some people are at getting people to do things for them... they will promise any and everything if you just do this for me.... but they have zero intention of doing so... they just move on to the next mark... It sounds like you have been learning some of these lessons as you age... most people go through this learning process...
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