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Funky See Funky Do posted:I really wouldn't spend too much time worrying about your financial position 30 years in the future. Better worrying about it now when you can do something about it imo.
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Mar 18, 2024 02:44
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^^ it's this hey I have 40k in hecs debt that I've been throwing money into a high interest savings account for and was planning to pay a big chunk off of this eofy. But now I'm wondering if I should put the money into my super instead. Mr bee says "hecs is a debt no one is coming after you for so why worry about it". But I've been paying it off since 2018 and have only knocked it down by $12k in that time even though I've been paying extra on it each year. I should probably talk to a financial advisor 
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Mar 18, 2024 02:57
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bee posted:Was looking at this ABC article about how much money I'll apparently need in retirement and it looks like I'm way, way behind where I need to be. Hooray for leaving the workforce to have a kid I guess Chuck whatever you do have into the high growth option, you'll probably catch up. Also if you own your own house in retirement you can get by on gently caress all super, the minimum drawdown plus the age pension ends up being pretty decent when you have limited outgoings. Renters are hosed though, you'd be better off using your super to buy a small unit as soon as you can access it rather than paying rent.
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Mar 18, 2024 03:00
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bee posted:^^ it's this hey Yeah don't bother paying off your HECS imo I'd invest it either in super or a portfolio outside of super depending on how soon you think you might need the money. You pay less tax on earnings in super so it grows faster but you can't access it until you're old af. Outside of super you pay tax on earnings at your marginal rate but in an emergency you can sell some down to get some cash.
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Mar 18, 2024 03:06
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i am 40 grand off, is that good? do i just die?
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Mar 18, 2024 03:38
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Alternatively, consider loving the hecs off as soon as you can without breaking our own back about it. When I was in a similar position, the advice I was given by various people was "get rid of your debt as fast as possible." Biggest pay bump I ever had outside of flipping into a contract role was when I finished paying my hecs debt out. Of course, this advice varies based on your income, savings, any other debts etc so the best thing you can do is talk to an expert
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Mar 18, 2024 03:42
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Non Compos Mentis posted:i am 40 grand off, is that good? do i just die? Try crime first.
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Mar 18, 2024 03:48
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Retirement plan: Hope I get hit by a bus and get a huge pay out
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Mar 18, 2024 03:50
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Apparently I'm ahead by 5-10 years on my super so that's something I guess. I struggle to see not having a mortgage by retirement time though. Maybe we should leave Sydney..
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Mar 18, 2024 04:23
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it's way more achievable to live in some suburb out in the middle of nowhere when you're retired and living that far out doesn't mean a two hour daily commute i mean your quality of life would take a huge nosedive but as far as "can afford to buy a house and live in it"...
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Mar 18, 2024 04:34
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Jabor posted:it's way more achievable to live in some suburb out in the middle of nowhere when you're retired and living that far out doesn't mean a two hour daily commute The only real downside to moving a long way out when you hit retirement is the lack of services people tend to need a lot more as they get old and more prone to medical issues.
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Mar 18, 2024 04:36
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As I move rapidly through my 50s I think about super and retirement all the time. Urgh.
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Mar 18, 2024 04:53
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Funky See Funky Do posted:I really wouldn't spend too much time worrying about your financial position 30 years in the future. Infinitum posted:Retirement plan: Hope I get hit by a bus and get a huge pay out  I have looooow hopes for my future 
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Mar 18, 2024 06:27
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Source? I vaguely remember this
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Mar 18, 2024 07:06
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I think its from microsofts kids version of office in the 90s, like creative writer or something.
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Mar 18, 2024 07:09
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Infinitum posted:
I saw those balloons on my way to work at 7ish this morning. That's tragic and kind of terrifying, I like seeing balloons on cool, clear mornings
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Mar 18, 2024 07:18
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to the poor bastard who fell out of a hot air balloon this morning in Melbourne
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Lube Enthusiast posted:Source? I vaguely remember this Dunno but the purple dude on the left was also in 3D Movie Maker
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Mar 18, 2024 07:27
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hot air balloons feel like you're looking for trouble.
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Mar 18, 2024 07:31
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Infinitum posted:
sure, 'fell'.
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Mar 18, 2024 07:36
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Laserface posted:sure, 'fell'. He just happened to be checking his super balance shortly before it occurred.
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Mar 18, 2024 07:38
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Infinitum posted:
Probably overwhelmed by the gravity of the situation
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Mar 18, 2024 08:02
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If we had our time again we would have paid off HECS sooner. Money tied up in investments isn't bad, but a debt with repayments that goes up with your income sucks when you are busting your arse working and dying for better cash flow.
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Mar 18, 2024 08:05
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Pocket Billiards posted:If we had our time again we would have paid off HECS sooner. Money tied up in investments isn't bad, but a debt with repayments that goes up with your income sucks when you are busting your arse working and dying for better cash flow. If I had my time over I'd have done a trade.
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Mar 18, 2024 08:11
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if i had my time over again id try being born rich
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Mar 18, 2024 08:21
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gay picnic defence posted:If I had my time over I'd have done a trade. so glad my school made everyone attend a big assembly in yr10 to say that leaving school to do a trade was financial suicide and you will never earn more than 50k a year (in 2000s money) if you become a tradie.
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Mar 18, 2024 08:36
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I'd go for superpowers and become a villain and never have to worry about paying taxes again.
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Mar 18, 2024 08:40
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Laserface posted:so glad my school made everyone attend a big assembly in yr10 to say that leaving school to do a trade was financial suicide and you will never earn more than 50k a year (in 2000s money) if you become a tradie. I lost count of the number of tax returns I did for tradies on 6 figgies, while I wondered why I bothered racking up the HECS on a masters. It's not all trades but if you do a fitter & turner apprenticeship and grab a few additional tickets (confined spaces, working at heights, high voltage etc) you'll always be in high demand.
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Mar 18, 2024 08:43
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Megillah Gorilla posted:I'd go for superpowers and become a villain and never have to worry about paying taxes again. Even the Joker refused to gently caress with the IRS and paid his taxes on time.
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Mar 18, 2024 08:44
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Laserface posted:so glad my school made everyone attend a big assembly in yr10 to say that leaving school to do a trade was financial suicide and you will never earn more than 50k a year (in 2000s money) if you become a tradie. In my high school my year level was the trial run for a targeted split Uni or TAFE or 'Workforce ready' pathway thing. TAFE and Workforce ready weren't aiming at trades though. Non Compos Mentis posted:if i had my time over again id try being born rich Croccers fucked around with this message at 08:50 on Mar 18, 2024 |
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Mar 18, 2024 08:47
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Croccers posted:What was with high schools and actively discouraging trades? Doing their part to gut and kill TAFE.
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Mar 18, 2024 08:51
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I would have been the worst tradie, also I don't want to work in uncomfortable and/or dangerous situations all day. So if I had my time over I would have tried harder in school so I could get into medicine or health researchv science type stuff.
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Mar 18, 2024 08:52
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Pocket Billiards posted:If we had our time again we would have paid off HECS sooner. Money tied up in investments isn't bad, but a debt with repayments that goes up with your income sucks when you are busting your arse working and dying for better cash flow. HECS didn't used to be indexed so tightly. It went up but at a very low rate, so it wasn't particularly worth paying it off aggressively. Also the increase in repayments is only about 0.5% per $10,000 salary.
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Mar 18, 2024 09:06
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Croccers posted:What was with high schools and actively discouraging trades? at a guess i would say public school funding is/was based on head counts so if you had a bunch of kids leave in yr 10 to go off and do trades then they didnt get as much money from the gov.
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Mar 18, 2024 09:38
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Lube Enthusiast posted:Source? I vaguely remember this That's McZee from Creative Writer & Fine Artist Also I dunno why the gently caress this exists, but it's one of the first results when you reverse image search them https://sexypedia.fandom.com/wiki/McZee McZee is bringing zexy back Croccers posted:I have looooow hopes for my future  retirement plan = [Redacted] buddy
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Mar 18, 2024 10:12
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Laserface posted:so glad my school made everyone attend a big assembly in yr10 to say that leaving school to do a trade was financial suicide and you will never earn more than 50k a year (in 2000s money) if you become a tradie. Yeah, you’re telling me. I went into IT, then the IT industry took off in India plus offshoring everything else to save a buck and my previously guaranteed high salary was now dirt pay. Meanwhile tradies who get up to running their own businesses are rolling in cash and have more jobs than time. Go be a chippy, sparky or a plumber, even now with the desperate need for housing, you’ll have jobs forever until your back gives out entirely (then become a super or manager).
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Mar 18, 2024 10:22
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I definitely caught a bit of that, but had enough other poo poo going on that I'm happy to have finished year 12 tbh Deffo felt lied to about the value of manual labour in our society.
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Mar 18, 2024 13:17
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Oh for sure, I barely passed year 12, would have been better to have gone to TAFE instead. The whole point they would hammer into is us was that you NEED to do Yr12 to go to Uni, as if mature aged students or bridging course isn't a thing. Also you have to because otherwise you won't get a good job and have a good life etc etc Lumping that much pressure onto a 17 year old is just insane.
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Mar 18, 2024 22:34
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I actually think it’s bullshit that the QLD government wants to spend billions of dollars on sports facilities for the Olympics whilst cost of living and the unhoused continue to be major issues.
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Mar 18, 2024 22:54
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You're saying some very hurtful things about how much the economy is going to be boosted 8 years from now in one part of the country. Did you even consider it'd be a PRETTY stadium? (And that someone is getting a kickback?) No you didn't. Dickhead.
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Mar 19, 2024 00:36
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Yeah I want to see track and field at an unrenovated QE2 that would be funny as gently caress.
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Mar 19, 2024 00:37
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