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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (10192)	4/7/1998 12:02:00 PM
From: seth thomas	Read Replies (3) \| Respond to of 14631

I didn't get a lot of complaints, and our retention rate was practically 100%. In fact, in the development team, other than one person we let go, we lost not one person in the past 12 months. I'm sorry to tell you that if you have a couple, where one person makes $90K, and the other makes say, $60K, you should be able to live pretty well on $150K/year. In fact, I know plenty of single people living reasonably well in the valley on $60K. I agree, it is expensive here, and it would be tough to make it on your own at $40K/year. Yes, if you want to eat out a lot at nice restaurants, go on expensive vacations, don't buy stuff at Costco, and buy a new car every 3 years, yes, it's tough. I was constantly amazed at the houses, cars, TVs, computers, etc. people would buy, and the vacations they would take, and I knew exactly how much they were making. You can go on a great vacation in Mexico for $1,500 total for two. I'd see people drop $5K. You can buy a really nice 3 year old BMW for $20K and then sell it in 2 years for $15K- but people would spend $30K on a new Saturn, and then wonder why it depreciated so much. and, a 27" $400 TV has the same shows on it that a $1,500 big screen does. People buy the expensive stuff in the supermarkets, instead of shopping a bit. There's this all-pervasive "I deserve this, and I deserve this now!" I knew a person, one year out of grad school, making $55K, who would buy a new hardcover book almost each week - say that's $1,500/year (about $2,200/year pre-tax). I asked her why she didn't get them out of the library, or get some other book out of the library and save all that money. She looked at my like I was insane. I see people spending $300/month to belong to a ritzy gym - the barbells and stairmaster at my $29/month gym look the same, and the sauna is the same temperature. I can't wait until all these 30 year olds turn 55 and realize they are screwed in retirement. Oops - please excuse my soapbox and the off-topic nature.