Comments by "Link Knight" (@OffGridInvestor) on "How Money Works" channel.

  1. I was at a place where they clained we should ALWAYS AND FOREVER be able increase speed in doing orders. And were we like "what, so we need to do 40 orders an hour to meet the KPI, and theoretically how fast is the highest rate". "Well unlimited." My samoan mate says "500 orders an hour?" "Yeah, eventually." Bro, until the fork isn't capable of going 40mph. They honestly said that tue more years you were there, you should be able to get to speeds where you were just a blur. Regardless that all forklifts were speed limited. My samoan mate got fired for dropping to much product in his rush, I left a week before the "big meeting" determining if they were going to keep me. Save myself the narcissism from some manager with no clue and just left.
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  2. Hiring managers can be ENTIRELY brainless too. I heard of a job for programming in a certain code, likely something to do with apps. They wanted 5 YEARS experience. The language was only developed 2 YEARS AGO. I saw an ad myself looking for something with 5 years experience MAKING SANDWICHES before you could get the lunchlady job.
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  3. Reinvestment has always been a good idea. It allows companies to become dominant, enough money to weather recessions, have the best product, swallow smaller competitors in buyouts, upgrade robots and equipment to get the fastest most efficient stuff to maintain that market dominance, be able to fix anything that screws up and maintain stuff to keep it in good condition. I never forget we had a forklift with a leaking radiator. The company? A radiator manufacturer...
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  4. Or like me, just getting handed more FOR NOTHING. While the lazy bastards who are hired for being friends of the boss get THE ONLY perks.
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  5. It's VERY true it takes a long time to train people. And the retention of people is very difficult if it's a disorganised hellhole or pays badly. I wasted so much time training people in my last job for them to leave in 2 weeks or less.
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  6.  @badluck5647  it's not a pay increase that is often the direct issue. But if you CAN'T RETAIN staff like where I last worked blowing DAYS training people for them to leave in 2 weeks because you're paying $30/hr when everyone else is paying $44/hr for the SAME JOB but better.... then it IS a real point to pay people PROPERLY instead of blowing money on consultants to work out WHY people are leaving. There's BRUTALLY obvious things going on in some companies with many managers. But office types have their heads in their own plastic bubble and often don't even KNOW the expected industry standards and what other companies offer.
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  7. I think you're right
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  8. So basically you come in to make changes and clean up lose ends, and then it's all "but my friend/sibling works there!". It reminds me of that guy (well known millionaire) who took over a railway wagon company. There were 40 floors of pen pushers ACHIEVING NOTHING as the place was going bankrupt. They only made a few financial statements and the new owner fired all 40 floors and sold the building which was MILES away from the manufacturing and maintenance yards. He had a few accountants take the place of 40 floors, located AT the main rail yards.
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  9. Every time a private equity company gets involved, it becomes a hellhole to work at. Watch as any new hires are unpaid interns or traineeships on peanuts like $5 an hour and I have heard of some places where there was fairly basic work involved, got taken over by private equity, and all the people there got a dramatic pay cut straight away and so left within 6 months, and all new hires were meth heads.
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  10. So technically we're all like 600 years old now?
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  11. I've heard of that before. Like adding more managers was going to make employees more productive. I have heard of another one in lower management wasting 3 hours a day of programmers time by having zoom meetings 2 or 3 times a day "checking up on what they're up to now". Just to justify their job.
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  12.  @jamesmurphy8052  no, it was more like release toxicities.
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  13. I found this. Fixing things, doing the stupid little jobs, the complicated cra that required a computer, and PARTICULARLY screwups by office staff and one particular salesman who was always trying to jump the queue just for HIS customers was what I would do. Trying to streamline things to make it better for the people under me to get on with the simple tasks they could do.
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  14. My thoughts exactly. The REAL crash is yet to come. This is like the first rumblings before the landslide.
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  15. This is the first rumblings of a recession. They're not "just here", it is a PROCESS of dramatic decline when the confidence wipes out amongst them ALL, probably over 6 months, then they hit the REAL bottom at the end of that total loss of confidence. Which is when you buy in.
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  16. Kinda LIKE THE GOVERNMENT. My sister is paying property taxes for the rest of the town to have a water connection but not her, NO bin service, NO roads fixed, and the local landfill BEING CLOSED so they have to go 30 miles... Australian local government in rural areas. Bet they have money for a teenage LGBT art class though.
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  17. They'll still be share trading with insider information. They ALREADY funnel money thru family.
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  18. I always report and it's DONE NOTHING to slow them up even on the same channels.
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  19. Jack Welch of GM. Best book cooker and twitcher of financial figures while slowly killing a company overloaded with suits and fewer and fewer workers with ABSOLUTELY JUNK high voltage products
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  20. That's technically because they're a REAL ESTATE company. The franchise operators make razor thin margins and that's because most of it goes TO RENT to McDonald's Corporation
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  21. ​ @Angry-Lynx it's been looming ever since the world economy got bad. This is the starting rumblings. The real drop is likely a few months off. Then when they are panicking and it's officially a recession, we will see it drop properly. Then when it's it's "hard days, even the rich are poor" it's going to be at the ACTUAL bottom. Which is when you buy. Or at least I do.
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  22. AMERICAN BANKRUPTCY is VERY different from the rest of the world NO CHAPTER 11 FOR US. Plus on credit ratings we ONLY HAVE the missed minor payments, NEVER the fact you successfully paid off a half million dollar mortgage.
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  23. There's a trick where they have to have a job advertised for like 3 or 6 months and then they can hire a HB1 foreigner visa. What they do is say nobody suitable came forward regardless of WHO applied. That's a BIG part of it that's not mentioned here.
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  24.  @MikeyBadabingBadaboom  that's A LOT of it. I have seen people stuck between LEGALLY required to pay staff while clients won't pay them.
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  25. You're meant to wait for the REAL drop.
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  26. You REALLY need to know the game before you start a business in something.
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  27. I used to find I was trying to sort out screwups from office staff and one salesman, in ALL CASES they ignored that proper procedures and made chaos by dropping stuff on us last minute. People who paid and ordered PROPERLY 3 DAYS ago still hadn't had their order filled over people who come in 5 minutes ago or orders made thru office staff 3 days ago we were NEVER TOLD ABOUT until the guy was there IN PERSON to pick it up with this SAME DAMN OFFICE GIRL telling them it was picked and ready and we DIDN'T EVEN KNOW about the order. To sometimes find we were OUT OF STOCK. That bish was somehow family if the state manager although there was a COMPANY WIDE policy of not employing family, and she would NEVER get in any REAL trouble for constant mistakes and 5 cigarette breaks in 5 hours.
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  28. Yeah well cramers picks are ABSOLUTELY HOPELESS. He has back EVERYTHING that turned out to be a scam, Theranos and FTX being among them, including Lehman Brothers TWO DAYS before they collapsed. Many believe he's actually scripted by some big banks trying to get their junk off their hands.
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  29. I think it's another 3 to more likely 6 months before the REAL bottom hits. It isn't the 1920s, the crash doesn't play out in 3 days, and EVEN BACK THEN it was a few months before the wheels completely fell off.
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  30. Yeah well these days with shell companies and trusts, BURNER PHONES that need no ID to connect and offshore accounts with internet banking, YOUR NUTS if you think it still doesn't happen.
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  31. Chrony Capitalism. And then they have 2 lobbyists or 2 groups of lobbyists, one for the Republicans, the other for the democrats
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  32. Since Bentley was boght by VW, they're become expensive nightmares. Like Bugatti always was. And the rolls rpyce parts COME FROM BMW because the damn things are a 760iL with different body and interior.
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  33. There's a company in Australia MUCH LIKE SEARS that pays a 10%-11% dividend. Founder bought out a competitor and had to close OVER HALF the stores because THEY WEREN'T profitable. He said it was a mistake. The founder was ALL ABOUT salesmanship but he died a few years ago with his son running it. I'd honestly give it LESS THAN 10 YEARS because they're overpriced as hell! Boomers go there because the sales team is GREAT at explaining how things work together and what they need. Never leave there clueless. But they're FAR more expensive. Too expensive for these days and compared to other competitors
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  34.  @sinofinance  luck is ALMOST NOTHING and you're SERIOUSLY stupid if you think that. You obviously know ZERO millionaires or business people
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  35. Printing services are ABSOLUTELY NOT consultants. Getting glossy booklets has nothing to do with consulting AT ALL.
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  36.  @William0271  it's NOT POLITICAL even if you think it's left wing talk. When a place is a dysfunctional mess, that's a big factor. When you're paying $30/hr for a job that people are getting $44/he for THAT causes REAL issues in retention. They all quit in 2 weeks or less after you've blown HOURS training them. And all the SCREWING AROUND wasting money on outside idiots WILL NEVER FIX the fact that a company pays BELOW the average. It's a REAL point that I've lived thru first hand as a warehouse supervisor, not just communist babble.
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  37. Same. But I'm in bed
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  38. The MURRAY DARLING system in Australia has turned into an ENRON STYLE casino of crap, destroying some of the best foodbowl areas in Australia.
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  39. What I learned with my business is HOW MUCH I DIDN'T know. What I learned from my brother-in-laws company was all the times as a business owner that you end up the meat in the sandwich while employees want to be paid MORE than they're MAKING for the company
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  40. Don't expect white collar guys to know the difference.
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  41. There's a trick where they have to have a job advertised for like 3 or 6 months and then they can hire a HB1 foreigner visa. What they do is say nobody suitable came forward regardless of WHO applied. That's a BIG part of it that's not mentioned here.
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  42. It's like being an uber driver and pretending you're a business owner.
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  43. Here in Australia you go to supermarket and get a fully cooked chicken for around US$7. My uncle used to go in in the 2000s at closing time and get one for like US$1.50
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  44. I knew a corporate lawyer who was on the company private jet regularly and worth a lot. He would buy pickups and keep them permanently, had 5 of variety ages. Very direct kind of guy but would see a property nearby worth over $100K and decide in a few days to buy it for his rentals portfolio. He had been divorced but was still wealthy. He was a flannel short and pickup kinda guy, still cutting his own firewood.
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  45. There's a trick where they have to have a job advertised for like 3 or 6 months and then they can hire a HB1 foreigner visa. What they do is say nobody suitable came forward regardless of WHO applied. That's a BIG part of it that's not mentioned here.
    1