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Faced this weird behaviour from Optum recently. Gave interview for Data Scientist position. HR said feedback is positive. Asked for documents. It's been month now since I have shared the documents. I have no update on the offer. Today I called HR, she called me back saying the position is on hold due to recalibration in team, She has shared interview feedbacks to other teams and will get back to me in couple of days. I am clueless now. My last working day is approaching (In a month). Any Help??
Wanted to highlight Prudential Financial’s hiring practices. They rescinded my offer once I attempted to negotiate the salary. The official reason given was that I didn’t “sound excited enough”.
They then admittedly gave the offer to someone who was less qualified. There were other red flags throughout the job offer process that the HR team should overall be ashamed of.
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Paint a picture of the situation WHEN an emergency happens. Hit the emotion first. Then give information.
“How would it feel to foreclose on both properties if you bought the investment property?”
But honestly I’m not sure what you can do here or if he would respond to that. I would tell him I don’t invest money for kids. He needs to grow the fuck up and realize that it’s not about how much you make it’s about how much you save.
Maybe throw some statistics at him?
Not sure what doing well for his age is but have him put the money in a Roth and invest his cash. Do a backdoor Roth if he makes to much. Invest as conservative/aggressive as he is comfortable with. Get him to max fund that thing every year and use it as an “emergency fund”. Eventually he’ll make enough to have a brokerage account and you can make that the emergency fund. Worst case he uses the Roth money if something bad happens and it’s tax and penalty free
Only the growth. The basis can be withdrawn without penalty.
His parents are huge clients. He does relatively well for his age and he has ambition, which is great. However, right now that ambition is getting in the way of the advice I’m trying to get him to focus on. I’m trying to get him to focus on his emergency fund and his retirement at this moment. He has $5k in a savings account and it’s like it’s burning a hole in his pocket. He says he either wants to invest $2000 of that or look into a rental property later this year. He feels like his money is just sitting there not doing anything and I told him he is right but the emergency fund isn’t meant to provide anything but security in the event of a bad situation. I hate to be the bearer of bad news but I tried to explain to him that he’s asking for trouble by having so little in the bank. I told him that investing $2k at this point isn’t ideal when we don’t even have an emergency fund in place and that we will eventually get to a position where we have “play” money if we focus on the task at hand. I also told him that the purchase of another property (he lives in a condo he bought) REALLY makes me uncomfortable with no savings or capital. I frankly don’t even know if he’s get approved with so little liquid assets...any advice on what else to say to him? Please spare me the “take bigger clients” spill. Looking for some constructive feedback. Thank you!
This guy may be living in dreamland. Maybe he thinks that with such a large income he doesn’t need to have savings but you need to explain to him that he could lose his job. Or maybe he thinks that because his parents are wealthy and he has a big inheritance coming he doesn’t need to bother saving anything. You need to look at his income and expenses and find out why he isn’t saving any money. It’s probably due to poor self control. This is one situation where I’d say a whole life policy with forced savings actually makes sense. If he is unable to save because he doesn’t have the willpower he needs to be forced.