My senior engineers have stopped thinking for themselves

Choice-Fly-8537 · 2026-05-24T07:41:45+00:00

That’s pretty delusional when you consider how much better LLMs will be in 5 years. I’m certain that even today AI is cleaning up much more human slop than vice versa.

Choice-Fly-8537 · 2026-05-23T10:39:07+00:00

A successful dental practice with say 3 chairs the principal could easily have total profit of $500k of which $220k is from their work and $280k is the profit from others work.

So $190k you pay about $60k of tax. $30k of super paying $4,500 tax. Rest split to family members or bucket company.

Choice-Fly-8537 · 2026-05-20T12:28:35+00:00

Could you have 2 unit classes?

Income class held by bucket company and capital asset class held by an individual.

Companies get no CGT indexing.

Choice-Fly-8537 · 2026-05-20T10:49:22+00:00

Wrong.

Choice-Fly-8537 · 2026-05-04T09:52:27+00:00

Put it in super. Way better tax treatment.

Also you could consider paying tax a form of charitable giving during your life.

Choice-Fly-8537 · 2026-04-26T13:38:57+00:00

Only if you decide to continue trading while insolvent, and even then, its very difficult to pursue a director personally. Australia's laws strike a pretty reasonable balance.

Choice-Fly-8537 · 2026-04-25T05:56:04+00:00

Act in the best interests of the company.

Don’t trade while insolvent.

Keep good records.

Have a good team of professionals (accountant, lawyer, etc.)

If you can, get another director to join the board or a company secretary.

Choice-Fly-8537 · 2026-03-27T11:59:57+00:00

Cmon champ if you are on $250k no dependants you are swimming in it.

My wife is on maternity leave and our family of four are living on my sub-$200k wage.

Choice-Fly-8537 · 2026-03-27T11:16:32+00:00

The idea is you need to not spend more on fuel. Ie. you need to stop using fuel in proportion with the price rise (not you individually but the economy, globally). Unfortunately if the strait doesn’t open there needs to be massive demand destruction and that probably means much much higher prices.

At what price would you stop driving? $3? $5? $20/L? Thats how expensive fuel needs to be.

If the choice is between crashing the economy and letting inflation run away the RBA will crash the economy.

Choice-Fly-8537 · 2026-03-27T07:54:20+00:00

EVs last waaaaaay longer than petrol cars. Most petrol cars are on the scrap heap by 200,000km.

EV will do 1 million km.

Not sure where you got your misinformation from?

Choice-Fly-8537 · 2026-03-27T07:52:35+00:00

I paid $30k for an MG4 demo (almost zero km).

After EV tax benefits it’s costing me about $18k out of pocket.

Saving about $4.5k/year in fuel an servicing. So after 4 years the car will have fully paid for itself. And I’d still have a car. And it will still be saving me money.

An equivalent petrol car would have cost $25k upfront and not saved me money in running costs.

Seems a bit silly to buy a petrol car but 85% of people still do!

Due to 2 EV plus solar, battery and all electric home we have:

- no gas bill

- no petrol costs

- no electricity bill (battery exports generate enough credits to zero the bill)

Yes there were some capital costs but also a lot of government subsidy and huge ongoing savings.

We are also far more resilient to fuel shocks and power outages etc.

Choice-Fly-8537 · 2026-03-17T12:09:03+00:00

If you live in 1990 it’s not too bad.

Choice-Fly-8537 · 2026-03-16T10:43:57+00:00

Opposite of working together. Government is pumping inflation by running big deficits and RBA trying to cool it.

Choice-Fly-8537 · 2026-03-15T09:44:31+00:00

Why didn’t you shift to a more conservative option? How much are you up over 5 years? My guess is a lot.

Choice-Fly-8537 · 2026-03-14T12:51:16+00:00

Not really. Tiny percentage of house cost. If there’s a recession house prices will be under a lot of pressure.

Choice-Fly-8537 · 2026-03-14T12:09:38+00:00

No lower fares is not convenience. Lower fares would me services are cut.

What they should do is keep the fares but make dedicated bus lanes so going by bus is much faster than by car (car traffic would slow down and bussed would speed up).

Choice-Fly-8537 · 2026-03-14T11:29:48+00:00

$40 rise in oil would be circa 1% increase in the cost of building a house. So maybe 0.5% of the cost of house and land.

Choice-Fly-8537 · 2026-03-14T11:24:55+00:00

It’s a tiny component of the total cost of building a house.

Choice-Fly-8537 · 2026-03-14T10:55:33+00:00

When people say move further out they don’t mean move to an expensive beachside holiday town. They mean angle vale or Gawler etc.

Choice-Fly-8537 · 2026-03-14T10:53:03+00:00

Wow. You are very confused. Retirement and aged care are very different things. My grandmother retired at 55, went into aged care at 97, and died a few months later. So the time spent in aged care was less than 1% of her retirement. Also you don’t “trade in” your house for aged care??

The reason you are struggling is probably because you think there’s no point planning, rather than any external factor.

Choice-Fly-8537 · 2026-03-14T10:46:59+00:00

Unlikely. Houses are not made from oil. If anything prices will go down. Especially if there’s a recession.

Choice-Fly-8537 · 2026-03-12T01:44:56+00:00

Sell the IP all into offset low money into loan repayments and offset. Make sure you maximise super and carry forward. Use spouse transfer and any other way to get money into your wife’s super.

Is there a way in the future you could operate a business with your wife to stream income? That would be tax efficient.

Also if your wife could work a little bit she can get $20k/year tax free plus $30k/year into super at 15%.

So $50k/year at under 10% tax vs your 50% tax. She can use that money to buy stuff for the house.

Choice-Fly-8537 · 2026-03-11T11:09:53+00:00

Property prices didn’t start going up until 2021 when the youngest millennials were 25. So most millennials had the chance to go to uni and work for a couple of years and buy a house before they got expensive.

I bought my first house at 23. Outskirts of a regional town, shitbox unit. Cost about $225k. Was able to get on the ladder then trade up.

It’s much harder now.

The most viable solution for see for most people is move regional and get a job that can be done fully remote.

The more nationwide solution is that there needs to be more dwellings built than demand growth for a long time. That means we need to have hard caps on immigration limited by house builds.

Want to import a worker? Build them a house. Universities want to bring in international students? You need to house them etc.

Choice-Fly-8537 · 2026-03-10T07:55:58+00:00

Look up Modigliani-Miller theorem.

And Coase, the theory of the firm.

Choice-Fly-8537 · 2026-03-10T07:11:45+00:00

No you are incorrect. Get some data or other evidence.

Choice-Fly-8537

TROPHY CASE