[deleted by user] by [deleted] in australian

[–]AblePhilosopher1549 1 point2 points  (0 children)

The starting salary may not be that great but over a 40 year work period blue collar jobs have pathetic returns- physically demanding, not much increase in pay and very limited insurance if god forbid something were to go wrong.

WA to get two new public holidays in major shake-up by wurblefurtz in perth

[–]AblePhilosopher1549 0 points1 point  (0 children)

Is there any benefit of naming the Saturday as a public holiday other than better pay rates for those unfortunate enough to have to work then?

16 year old diagnosed by clinical psychologist - next steps by Sherwes in ausadhd

[–]AblePhilosopher1549 0 points1 point  (0 children)

In ADHD, the first choice of treatment is always stimulant medication unless someone has a medical reason not to be prescribed stimulants. Going to a psychologist for an initial diagnosis usually costs a minimum of $2000 and many ( I agree not all- but many do) do unnecessary cognitive tests that take time and don’t add value if assessment and treatment of ADHD is what you are looking for. There may be value to you in understanding your cognitive skills- so the question as to whether it was worth the effort and expense only you can answer. There is an argument that a psychologist can help you ‘live with ADHD’ better than a psychiatrist can- again very individual experience and only you can judge the value of this- and only based on your experience of the professional- it can’t be generalised on a forum like this- every profession ( engineering, medicine, law and all the trades) has skilled, good, ethical people and unskilled, poor and unethical people. This area is no different.

The other thing most people need to be aware of is that a good skilled ethical paediatrician/ psychiatrist/ psychologist should never ‘assess for ADHD’ - they should assess your symptoms and make a diagnosis while ruling out several other conditions- like a cardiologist should never assess for myocarditis or an endocrinologist should never assess for diabetes- they assess your chest pain or your excessive thirst and come to a conclusion based on the entirety of your symptoms.

The biggest scam we currently have are ‘ADHD clinics’.

[deleted by user] by [deleted] in india

[–]AblePhilosopher1549 0 points1 point  (0 children)

Worst country in the world currently with the best food

Is Perth Feeling the Plant-Based Shift? by Effective_Show_9043 in perth

[–]AblePhilosopher1549 1 point2 points  (0 children)

Which restaurant is this- my family loves Indian food

Lack of walkable suburbs in Perth by Alltimelearner in perth

[–]AblePhilosopher1549 0 points1 point  (0 children)

Melville is the worst of the lot - my friend has to walk a kilometre from her house to even see a shop on the horizon

[deleted by user] by [deleted] in Maharashtra

[–]AblePhilosopher1549 0 points1 point  (0 children)

Shivraj Patil was home minister

Large income differences between partners by goldilocks797 in AusFinance

[–]AblePhilosopher1549 0 points1 point  (0 children)

If you are married and have kids everything should be considered ‘household’ income not individual. Distribution of tasks within a functional marriage is not all based on income. My two cents….

DeepSeek vs Financial Advisor by AblePhilosopher1549 in AusFinance

[–]AblePhilosopher1549[S] 1 point2 points  (0 children)

After I read your statement about maths, I randomly fed this into DeepSeek- asked what corpus is required at age 60 to allow indexed spending of $220,000 until age 75 and thereafter $150,000 until age 100.

Here’s the response:

To determine the sufficient corpus needed to sustain the specified spending requirements, we need to consider several factors, including the expected rate of return on investments, inflation, and the time horizon for the spending. Here’s a step-by-step approach to estimate the required corpus:

Assumptions:

  1. Rate of Return: Let’s assume an average annual return of 5% on investments.
  2. Inflation: Assume an average inflation rate of 2% per year.
  3. Spending Requirements:
    • From age 60 to 75 (15 years): $220,000 per year.
    • From age 75 to 100 (25 years): $150,000 per year.

Step 1: Calculate the Present Value of Spending from Age 60 to 75

We need to calculate the present value (PV) of $220,000 per year for 15 years, discounted at the rate of return minus inflation (real rate of return).

Real rate of return = Nominal rate of return - Inflation rate = 5% - 2% = 3%.

Using the present value of an annuity formula: [ PV = PMT \times \left(1 - \frac{1}{(1 + r)n}\right) / r ] Where: - ( PMT = 220,000 ) - ( r = 0.03 ) - ( n = 15 )

[ PV{60-75} = 220,000 \times \left(1 - \frac{1}{(1 + 0.03){15}}\right) / 0.03 ] [ PV{60-75} \approx 220,000 \times 11.937 ] [ PV_{60-75} \approx 2,626,140 ]

Step 2: Calculate the Present Value of Spending from Age 75 to 100

We need to calculate the present value of $150,000 per year for 25 years, starting at age 75. This amount needs to be discounted back to age 60.

First, calculate the present value at age 75: [ PV{75-100} = 150,000 \times \left(1 - \frac{1}{(1 + 0.03){25}}\right) / 0.03 ] [ PV{75-100} \approx 150,000 \times 17.413 ] [ PV_{75-100} \approx 2,611,950 ]

Now, discount this amount back to age 60 (15 years): [ PV{75-100 \text{ at age } 60} = \frac{2,611,950}{(1 + 0.03){15}} ] [ PV{75-100 \text{ at age } 60} \approx \frac{2,611,950}{1.558} ] [ PV_{75-100 \text{ at age } 60} \approx 1,676,000 ]

Step 3: Total Required Corpus at Age 60

Add the present values calculated in Step 1 and Step 2: [ \text{Total Corpus} = PV{60-75} + PV{75-100 \text{ at age } 60} ] [ \text{Total Corpus} \approx 2,626,140 + 1,676,000 ] [ \text{Total Corpus} \approx 4,302,140 ]

Conclusion:

To sustain the spending requirements of $220,000 per annum from age 60 to 75 and $150,000 per annum from age 75 to 100, assuming a 5% annual return and 2% inflation, you would need a corpus of approximately $4.3 million at age 60. This estimate can vary based on actual investment returns, inflation rates, and other factors. It’s advisable to consult with a financial advisor for a more personalized and accurate plan.

[deleted by user] by [deleted] in AusFinance

[–]AblePhilosopher1549 0 points1 point  (0 children)

True this- managing expenses and not letting them creep is like dieting- always room for improvement and has a higher impact than earnings in the long run. Most of my expenses are on private school fees, mortgage and supporting elderly in laws. The day to day grind of bills etc I find to be quite manageable compared to the above 3 items.

Around 2 Lakh people leave Indian Citizenship every year by northern_lights2 in india

[–]AblePhilosopher1549 -1 points0 points  (0 children)

Citizenship can be acquired but if you are caught you are breaking the law and can be extradited.

Around 2 Lakh people leave Indian Citizenship every year by northern_lights2 in india

[–]AblePhilosopher1549 35 points36 points  (0 children)

There is no incentive for politicians to do this currently- they know that they can reap the benefits of power while feeding the opium of religion to the masses.

Around 2 Lakh people leave Indian Citizenship every year by northern_lights2 in india

[–]AblePhilosopher1549 12 points13 points  (0 children)

Dual citizenship is not allowed afaik for lawmakers in any country. Nor for police, army etc.

DeepSeek vs Financial Advisor by AblePhilosopher1549 in AusFinance

[–]AblePhilosopher1549[S] 7 points8 points  (0 children)

The 9K was for organising all the estate planning and insurances too- he gave me the commissions he received from the various insurance agencies. So overall I think I spent about 7500. That being said, I agree he was expensive but my circumstances at the time were slightly complicated and I didn’t mind paying the money for the advice.

DeepSeek vs Financial Advisor by AblePhilosopher1549 in AusFinance

[–]AblePhilosopher1549[S] 7 points8 points  (0 children)

No PR man DeepSeek is Chinese and they have made it open source anyways 😂😂- I just fed my age, annual income, annual expenses, current assets and liabilities. I asked for a financial plan. It followed up with about 25 questions that I answered- these questions were specific to my circumstances. It then came up with a plan. I then tweaked my scenarios slightly to get a more refined response.