Can't find a job, horrible work history

Certainly some or all of it was from a "deceased relative", which implies inheritance from someone to whom he was related, since that was part of the paragraph in which he mentioned his savings.

 

The guy has serious attitude problems. He need to go for some good courses to improve himself. That makes the ebst use of the money.

 

It was a monolithic consumer computing world with Steve Jobs controlling hardware, software, and it's use.

 

Agreed. His attitude is likely what got him fired from his jobs.

 

When I worked I was amazed at the number of people who would sit with a straight face and say their only problem was that they were smarter than everyone else.

One friend of mine stood up in the newsroom and told the managing editor he shouldn't write editorials because he couldn't write. She was shocked when she got fired.

 

Epic. Too many people with little competancy wanted to act snobbish. Stems from earlier failure in the culture we received since schools times-the value of personal opinion over the hard skills or proper communication skills (respect to others).

 

Read again:

 

Sorry, this guy is an idiot. He's 36 with an advanced degree, yet hasn't completed his CPA yet? That test can be done in a year of solid studying and is typically earned by age 23/24. Anyone with an accounting degree is foolish not to try for one. The financial sector in Boston is booming. There's a constant demand for new people. I'm still two years away from earning my degree and yet I've interviewed twice in the last week for part time work with Financial firms.

 

I think it stems for them believing that when their mother or their teacher or the guru said they were really, really, special it was true. That's what happened, in my opinion, to President Obama. He was pushed along because he such a sweet kid and he never actually had to perform and he began to believe he was special. Ruined him.

 

this letter which you have quoted has to be all sorts of nonsense - it's illogical to buy into this story.

sounds like a story on another forum where the guy claims its so hard for construction guys to get work because of the Mexicans and the home improvement center ... just to find out he doesn't do that type of work at all!​

Considering that minimum wage full time pays $290.00 a week and this SCHOOLED person wants to reopen an unemployment claim and get $302.00?

... and he is familiar with financial type book keeping?

So - IF THIS IS A REAL SITUATION ... ​

we are supposed to feel sorry for a slacker (with 300k cash) who does not care enough to do better on his own AND with an ADVANCED education? Why should people like me care? I don't have that much schooling to play with!

Why are so many people up there so hateful?

Hey ... that state is fairly hard core liberal! Liberals don't feel sorry for him? ​

 

Just to let people know, a Taiwan based company called Foxconn is supplier for a very large portion (probably 50%) of the world's computing hardware. They are probably the only supplier for Apple's Ipods/Ipads. And guess where Foxconn has their factories? Thats right, Mainland China... Each of Foxconn's sprawling manufacturing centers house and employ Hundreds of thousands of people. You may have heard of the term "Ipod/Ipad City". So a big part of the reason why Apple and Steve Jobs was able to implement their "Vision" was due to workers in Asia. Cutting costs and gives Apple a huge advantage against potential competitors. What you call "Vision" , I call smart business. Steve Jobs most likely didn't come up with all the great ideas that went into those consumer electronics.
Regardless of what anyone thinks of China, everyones sourcing their work there, China is even developing domestic Aerospace industry there, I still remember the time when Bill Gates hosted a visit from Hu Jintao.

 

I don't see what the difference is. Smart business, vision, it's all the same. Apparently, consumers are satisfied, and that's the job of the entrepreneur who risks his time and his capital (and convinces others to do the same) to bring his vision to market. Many people have ideas, and some of them are really good. I have a business helping people bring ideas to market and I get inundated with ideas all the time, many of them very good. Few people are willing to risk the time and effort required to monetize their ideas, and fewer still have any idea how to do so (which is where I come in.)

Even when someone does take the time and effort to make their idea into business reality, they frequently fail for lack of foresight about what the market wants. Improvement on a product or service can accomplish far greater success than original thought and being first to market.

 

If every job on the planet suddenly came to the U.S., I still wouldn't hire this nitwit. The problem isn't jobs. It's him. It's like someone else who constantly says it's George Bush's fault, or it's Congress's fault, or it's the Republican's fault, or it's American's fault, or it's the fault of those horrible people in Washington. Neither of these two will ever get around to accepting any responsibility.

 

"I have some money from a deceased relative. My savings is about $300,000 and I can probably reopen an unemployment claim and get $302 a week for the next 20 weeks.
"I am 36 years old. I have no friends because of the Scarlet letter of U from being unemployed. Yes, in this part of the country (Boston MA USA) you are seen as a moron if you are not working (especially if you are white and have a college and advanced degree). Even career coaches tell me I am a lost cause and that the only way I will ever get a a job ever again is out of sure luck."


I don't believe this is a real thing. Looks like a prank OP, to see how many people he can trick into falling for this ludicrous scenario. Gee, I've only got $300,000 and I can only get $302/week. Yeah right. If this were true, the guy could open up a titty bar, buy a house, and do just about anything he wanted to. For friends, he'd have plenty of dancers from the bar to keep him company on those cold MA nights. False alarm.

 

I don't care where you live. $7,000 a month in living expenses is not being conservative. Mine are perhaps 1800 to 2200 a month for myself and my wife, and I live in the Seattle area. This guy's an idiot.

If he is having trouble getting a job, he needs to lower his expectations and/or try a new field.

 

He's a troll.
His claimed rent is $1,620 and claims an additional $5,380 in monthly expenses totalling
$7,000 a month.

No wife, no kids, no "friends" apparently. What are his additional expenses?
Car note, student loans, living expenses...that won't total $5K unless he's eating caviar every night washed down
with a vintage bottle of cognac.

Where's the 5K + going every month?
Drugs?

The post is a troll, and the story is bogus.

 

Maybe he buys a new Mercedes every six months.

 

If that's the case he deserves his predicament.

 

Yep.

Let's see, if he has $300,000 and invests it in an average mutual fund he'll get 6% interest. Living off of that, he would get $18,000 dollars a year in free money which he doesn't have to work for. That's $1500 a month with no work done. That is enough to rent a 1 bedroom apartment and live a normal life for as long as you wanted.

Boy, life is hard.

 

Where I live, $1,500 a month will get you a nice 2 bedroom in a nice neighborhood, covered parking. You can get a roommate to offset some the costs.
Granted Boston has a higher cost of living, but I still smell a rat.

If by chance this fable is true, for a guy with a "Finance" graduate degree, his home economic skills are pathetic.

 

Maybe he's a politician.

 

I'm assuming when you say "interest" you mean returns or dividend yield?

I'd like to know of a mutual fund that paid 6 percent dividends. Especially an "average" one. Unless you meant capital gains? That could happen but then you'd have to pay capital gains taxes as well as management fees. Then you have to consider the front/back end load costs. Also, no one gets a consistent 6% every year. A fund may have a 10 year average return of 6%...but it may be +30% one year and -15% the next. Then when you add in inflation considerations, your devaluing your money by taking away all the capital gains and not reinvesting dividends.

 

I live in the same area as this guy. My 1/2 of the rent for a modest apartment with a roommate is $1100. On top of that food, fuel, insurance, and taxes are all a lot higher here than the majority of America. I'm not saying this guy is being fiscally responsible, I'm just saying the Boston area is by no means representative of the country.

 

You can find corporate and even some civic bonds that earn 6% or even a little more. The civic ones can even be tax-free. Either way, a person earning $18,000 annually will pay virtually no income tax - and if you don't pay income tax you don't pay capital gains taxes either, so either way almost every dime of that income will be tax-free.

It may not be living large, but it is certainly enough to get by on if you are careful.

 

The 30 year government YTM is 3.75%. Average yield to maturity rates for Investment grade corporate bonds right now are in the same neighborhood. You have to get into junk bonds to find anything with a coupon rate close to 6%.