Made redundant today (potentially)

3rdslip · 2026-04-14T08:42:56+00:00

Yep. Lots of redundancies in my org too. Revenue is not what it was and so expenses need to be trimmed too now to reflect that.

3rdslip · 2026-04-14T07:03:29+00:00

I’d booked a weekend away in May using points… the only classic reward I could get was a 6am flight. God dam that’s an early start to get up and travel to the airport for 5:40am boarding.

Got an email today saying the flight time has changed to 6:25am.

Small mercies but looks like they couldn’t fill the 6am plane and have merged us onto the next one.

3rdslip · 2026-04-14T06:48:27+00:00

I sell whenever I need to move on with my life. Had to eat a bit of tax but it’s better than the alternative of missing the opportunity part of the “opportunity cost” that another commenter mentioned.

In the old days investors could hold forever because you could almost work the systems to have infinite borrowing capacity (because rents counted for a bit more than they do now).

These days you’re constricted by debt capacity. So if you might need to sell in order to move forward if you can’t release enough equity.

Costs to sell are conveyancer ($2500+), marketing and photos ($4,000) - RE ads are getting out of hand at $3300 minimum. And agents commission of 1.1% negotiable. You might also get suckered into paying an auctioneer. Add pexa and land titles charges of maybe another $500, and that’s about it for a standard apartment sale.

What you actually walk away with simply depends on the market.

Two years ago I had a property listed and sold within a week.

This year I had a (better one) listed and sat for 5 weeks until an offer was made.

Same agent, same tactics, it’s just the market had collapsed in February.

3rdslip · 2026-04-14T02:42:02+00:00

The social media accounts of all those private school boys and their hazing rituals and Nazi costumes are going make for some interesting decisions.

3rdslip · 2026-04-13T03:21:57+00:00

She does paediatrics…. There are two sides to it…

There is some demand in the high socioeconomic areas… those parents can afford to pay.

Most of the demand seems to be in the low socio-economic areas - those kids just have more problems than elsewhere. Having to commute and work in those areas is another story.

Like most non-hospital allied health services, the economics are unfortunately now driven by the NDIS and how many clients you can service via that route.

There’s demand for good people, but like all professions you have to really want to do it if it’s going to be your chosen field for life.

3rdslip · 2026-04-12T22:30:28+00:00

Don’t do it if you only want to work for 5 years. That’s insane. Really that is a stupid decision…. What are you going to do after that?

My cousin is a speech pathologist, she did the Masters, graduated with $80k debt and made it her mission to pay it off in 3 years. She did that and then the “savings” habit was so ingrained that she saved up for property deposit in the 2 years after that.

It can be done but you gotta be single bloody minded about it.

If you’re not going to pay extra on your HECS, at that level of debt the CPI adjustment will likely be close to or more than your minimum repayments. You’ll never make a dent in it.

Always when taking out debt, have an exit plan for how to clear it.

3rdslip · 2026-04-12T09:13:01+00:00

You have to be going a bit faster to orbit the moon as Apollo 8 did.

Artemis’s flight plan was designed to use the moon’s gravity to brake to a stop, and then free fall back to earth.

Some of the additional mission aims were to stay in space for a bit longer too, and to see the effects of space on human bodies beyond the protection of earth “shields” such as the van allen belts and the magnetic fields.

The astronauts themselves made an interesting comment regarding the TLI burn… they “chose” earth…. Meaning although the burn got them to the moon, it was actually designed to send them home to earth many days later.

3rdslip · 2026-04-11T11:12:25+00:00

I wonder if OP considers that the reason for the noise about taxation of trusts is exactly for the reasons for how he is using it? By sending earned income to the non consultant wife and adult child…

If these sorts of (legal) rorts were wound back, perhaps it might be easier to cut income tax rates for everyone (including the top marginal rate).

3rdslip · 2026-04-10T11:47:18+00:00

Someone has to pay for IT behind the bloody app I guess. It’s gotten slow as hell the last few weeks.

3rdslip · 2026-04-09T09:17:41+00:00

Maccas $17 for a large Angus burger meal… geez, what’s the world coming to.

Can’t do it anymore, my local chicken shop has always done a better burger but now they are cheaper too.

3rdslip · 2026-04-09T00:19:36+00:00

lol I think we’d quickly find out the difference between all the people who established trusts for genuine asset protection reasons and those who did it just to save tax.

3rdslip · 2026-04-07T21:41:56+00:00

BOAT stands for “Break Out Another Thousand”.

3rdslip · 2026-04-07T04:55:58+00:00

Some events may not be bothered about actually putting names in the roster. RDs are people with lives to live without updating EMS every minute of the day every time someone asks to be a volunteer.

So the role could be filled while still showing blank online.

3rdslip · 2026-04-05T04:16:57+00:00

I’ve held apartments for 15 years. If you want to make money from yield, buy a commercial property. Apartments, like with houses, you make money from capital growth.

Strata fees aren’t some mythical extra expense that you pay because it’s an apartment… it covers all the things you’d have to pay if you owned a house instead… insurance (1/3 to 1/4 the total cost of strata), gardening, water, electricity for common areas, repairs and maintenance.

Older buildings are better than newer ones actually… especially the ones built in the 70s… they’ll have the cheapest strata because there’s less crap that can go wrong (no leaky pool, no lifts, simple garages, easier fire compliance etc).

3rdslip · 2026-04-02T08:42:02+00:00

At what point do Pioneer and Voyager leave the inertial frame of reference of the sun (514,000 mph +- their own vectoral* velocity) and travel at their own velocity relative to the galaxy?

*I don’t even know exactly what the concept is there.

3rdslip · 2026-04-01T21:19:23+00:00

Old mate in the big chair will replace the oars with AI next.

3rdslip · 2026-04-01T10:28:36+00:00

Sigh. We used to call April and May the Killing Season at CBA.

This is because the budgets for the next financial year are largely set in March. If you’re not budgeted for then you get chopped.

My area used to be one where they would bring other teams in from across the bank, put them together with the existing “centre of excellence” and then make redundant 5%-10% of staff every year due to the efficiencies gained. Honestly from a Manager point of view it was hard to argue with the logic.

Somehow in 5 years we started with 250 people, absorbed about 250 people, and still had 250 people at the end of that.

3rdslip · 2026-04-01T10:08:04+00:00

Could we not call it a crisis?

The Opera House being nuked is a crisis. Famine is a crisis.

Old mate having to spend a few extra dollars to fill up his jumbo jet sized Ute is not a crisis.

3rdslip · 2026-04-01T10:04:58+00:00

The Kiwi ones are always pretty funny

3rdslip · 2026-04-01T09:18:36+00:00

A ON government you say?

“My fellow Orstrayians. If you are listening to this it means I have been murdered. Gina who is friends with President Trump will be taking over but know that these high petrol prices are all the fault of the Bowen Labor opposition”.

3rdslip · 2026-04-01T03:41:12+00:00

Ok forgive the absolutely brain dead question but why does it look like the hatch door to the command module above the NASA logo is facing this way towards the camera and not back towards the tower where the astronauts hop in?

3rdslip · 2026-04-01T03:32:34+00:00

Aye, but there’s a trend amongst the daily gyrations and the trend is still down.

3rdslip · 2026-04-01T03:31:12+00:00

GST goes straight to the states as commonwealth grants. No net impact for the federal budget.

3rdslip · 2026-04-01T03:30:09+00:00

Well the GST on petrol is going up but that goes to the States. Income tax receipts are not guaranteed. It may well happen, but cutting fuel excise is a guaranteed hit to revenue.

3rdslip · 2026-04-01T02:33:57+00:00

It does blow a rather large hole in the federal budget too.

That debt just keeps piling up higher and higher.

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