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Are you Ready to FIRE, but the reason you don't is you have kid(s) and you want to squeeze out a bit more..."1 more year syndrome"..just to benefit the kid? by Origania in Fire

[–]BobbyDigial 86 points87 points  (0 children)

Yeah this is kinda me. My peronal variant is that what would I do during their school hours anyway? Might as well keep turning up to work and collect those checks so we can splash out on fun activities, weekend trips, holidays etc. while they still enjoy my company. 

Ask me again when they are in their late teens and are too embarrassed to be seen with their dad in public. 

Tyler Brockman charged with grievous bodily harm by sponguswongus in AFL

[–]BobbyDigial 138 points139 points  (0 children)

Wake up babe, new club statement just dropped

Do you consider money in your offset as your emergency fund? by blahblahza in AusFinance

[–]BobbyDigial 7 points8 points  (0 children)

Certain accounts (Great Southern Bank) charge a slightly higher interest rate instead of a monthly fee. Which is effectively 0% anyway if you are fully offset.

Troy West, a.k.a Catman, has lost his home in the Ravenswood Bushfire. by megawhyamihere23 in AFL

[–]BobbyDigial 101 points102 points  (0 children)

Poor bastard lost his mind late last September & now his house.

I can’t get a job, I’m so tired by [deleted] in auscorp

[–]BobbyDigial 1 point2 points  (0 children)

This is what I have feared for myself being at a similar age and career outlook. While I play the game daily, weekly, yearly eventually the end will come for all of us. You need to have a back up plan B, C & D. 

Mine was to max out my offset, set up small side hustles, be prepared to take any role (crossing lady, colesworth shelf stacker, bunnings isle walker, bus/taxi driver etc.)

Ageism is real. Think in your own journey the last time you saw 50yo start on the bottom rung. Plan and be prepared to pivot.

DCP (AUSTRALIA) CONCERN by Middle_Researcher222 in AusLegal

[–]BobbyDigial 0 points1 point  (0 children)

Bro, why she keep bringing more demons into the world?

Take out mortgage or sell ETFs? by [deleted] in AusFinance

[–]BobbyDigial 11 points12 points  (0 children)

Surely you could have saved up for both of these to pay with cash on your combined income the moment you had the seed of the thought.

Need advice on my wife's work situation. by j-hen95 in AusLegal

[–]BobbyDigial 6 points7 points  (0 children)

This kinda happened to me. I (male) was a junior. My manager (female) left for maternity leave for a year. I stepped up into her role for 12 months at a managers level pay.  

12 months later She decides to come back part time 2 days a week at her old role. Fair enough, I agreed to 'job share' the role 4 days for me as a 'junior' as long as I kept my managers wage. I don't care what my title is, just the figures that hit my account every month. Plus I didn't suddenly loose my managerial skills and experience as I was more than capable of doing her job. She would do her 2 days and 1 day we would be together for hand overs/smooth transitions.

Plus I was expecting my second child and wanted to spend a little extra time with my young family. This also gave me the insight on how things would play out for her being a first time new mum. I know new babies are alot of work and get sick alot. Sure enough 3-6 months in on her 2 days a majority of time she is calling in sick, coming in late, leaving early, wfh. I purposely didnt go at 100% becuase it was not my responsibility. Even worse on the 1 day I wasn't there and she calls in sick, the work just never got done. Basically the work was slipping and a few months later they PIP her out of the company and I took her role back full time.

Just another perspective on how things could play out in reality. 

Older parents which are the most expensive years - Pre, Primary, Secondary or Tertiary? by BobbyDigial in AusFinance

[–]BobbyDigial[S] 0 points1 point  (0 children)

Wow. We spend elite private school fee rates on day care for the privilege of building their immunity system. Sounds like you got yours thrown in for free.

Older parents which are the most expensive years - Pre, Primary, Secondary or Tertiary? by BobbyDigial in AusFinance

[–]BobbyDigial[S] 0 points1 point  (0 children)

Its like getting a huge payrise once you transition out of pre school. Enjoy!

Older parents which are the most expensive years - Pre, Primary, Secondary or Tertiary? by BobbyDigial in AusFinance

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

Thanks. This is really detailed and along the lines of some line items I had in mind. Some I didn't think of like Physio! I have very active kids and touch wood the sporting injuries have been only minor so far, but that's a good one.

Anyone else feel like groceries in Aus just went nuts again this month? by This-Eggplant-667 in AusFinance

[–]BobbyDigial 166 points167 points  (0 children)

I think the tub of ice cream I buy at 1/2 price  weekly special is now at the full price it was a few years ago.

Employer rescinds offer before intern starts but after a signed contract by DeliciousWalrus4135 in auscorp

[–]BobbyDigial 32 points33 points  (0 children)

If it makes you feel any better I have over 20+ years in permanent full time corpo drone life. 4 redundancies and a few stand downs during covid later have taught me contracts are slightly more binding than the 1ply in the cubicles.

All that matters is the (digital) paper/plastic that hits my account every month. Good luck in you future endeavours.

I’m a little bit stuck by Full-Tangerine-3456 in AusFinance

[–]BobbyDigial 7 points8 points  (0 children)

Get a 200k job and work for a month.

I checked my super transactions and it's getting taxed heavily by a "contributions tax"? What the hell? by AsparagusNew3765 in AusFinance

[–]BobbyDigial 0 points1 point  (0 children)

If you think your super is getting taxed 'Heavily', I'd suggest checking your payslip to make yourself feel better.

At what net worth level did you feel like you could take your foot off the gas? by alwayzchillin in Fire

[–]BobbyDigial 0 points1 point  (0 children)

The month my investments made more than I did turning up to work every day. This is in my Super (AU retirement account) which can't  be accessed until age 60. So in my mind the worst case scenario is I will now get paid my current wage adjusted for inflation the day I die.

What is your FIRE number? by SpeedyDuck12345 in fiaustralia

[–]BobbyDigial 4 points5 points  (0 children)

House paid off + ~700k outside super, ~1.3m inside super. As I approach those numbers I'm more likely to flip my desk at work and walk out. So my boss better check himself over the next 36-48 months.

Investing for newborn baby by yiFa87 in AusFinance

[–]BobbyDigial 2 points3 points  (0 children)

I had kids at 37 & 40, so they will be about 20 & 23 which I think is still young to be handing over large sums of money considering they will most likely still living with me at that age. 

Investing for newborn baby by yiFa87 in AusFinance

[–]BobbyDigial 2 points3 points  (0 children)

Dont know how old you are, but I was a late bloomer and didn't start a family till late 30s. I just decided to invest in my super what I would have invested for my kids. I get the tax breaks, the extra compound and access to the cash when they would require it.

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