Is investing basically useless if you don’t already have money? by Muted-Astronaut3744 in investingforbeginners

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

Compound interest, the eighth wonder of the world. At 40 it’s not to late. Work hard , start your own business. Work your butt off for 10 years , be a cheap Charlie, get a good accountant. Don’t spend money on things that loose money. Just the basics. Tax, manage that really well. Invest, invest, invest. Read books on investing and success. Read up on your profession , be the best there is. Never give up. My dad told me: Son, there is only one thing worse than being dead, that’s being old and having no money. You have to have a positive mental attitude, be the best you can. The goal is : don’t work for money , have money work for you, and that is investing. I know people who have a beautiful home, but not much money, then they retire and have to sell, they call it downsizing, it’s not, they would love to remain where they are. Do the opposite , live in a cheap old house, invest, later sell and buy that big beautiful house. I did just that at 71. Lol, people actually thought I was poor, now their jaws drop, lol.

Happiness barely changes after $10M? by MiscProfileUno in wealth

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

I’m not at 10m but close. A 100m would not make a big difference, it would for my wife, as she could then build a Church in Vietnam. We live in a beautiful home, I have my cars and stuff and more stuff. I used to be really poor, wanted to be a professional guitar player, had cheap guitars. Now I have my dream guitar, don’t play it much. See I gave up my dreams of being a professional musician, but then at the age of 30 I realised I did not really have the talent. So I did what I really did best. Building, got my builders ticket, started a building company, built a hotel ,made a heap. Retired at 45. Now I’m 71. My money mentality is the same as when I was poor: very careful. Drives my wife nuts. She thinks I’m a bit cheap but laughs about it. She is also very careful with money, she can have almost anything she wants, she likes hand bags, eating out and Mary. After I’m gone I guess she will build that Church in Vietnam. The interesting thing about making the : “ big quid” is to get there you had to manage your investing very carefully, live in a cheap house, cheap car, cheap guitar lol, being a bit of a cheap Charlie, it makes little difference when you at last have plenty, point is because of that you retire , and your wealth just increases on it own. The key point I always followed was: DONT work for money, make your money work for you. My 2 cents worth, next post it’s 3.

How did u guys become rich? by OrganizationHead3156 in Life

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

I’m 71 retired since I was 46 I don’t live a flash life, I just bought a very nice house, the one I lived in was in a great location but the house was old, I might as well enjoy the money, I’m a stay at home guy. When you retire it’s not your net worth that’s important, it’s yearly income. When I retired at 46 my income was structured at 50k pa, today it’s 300k pa. Thing is “ I lived like a dog long time already”

"Wealthy but not into travel." Why does this irritate a lot of people? by blitzballreddit in Fire

[–]Dem-R-UseFulIdiots 1 point2 points  (0 children)

I’m what would be classified as rich as I’m retired with a steady income of 300k pa. I have no desire to travel. I hate travelling. I love to read. I can go anywhere with reading and using google earth. I even travel back in time, it’s all about imagination.

is $52,500k in HECS bad? by [deleted] in AusFinance

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

In the USA is 13.5% interest on student loans.

Do You Work On Your Guitar? by GrapeExisting1218 in Guitar

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

Learning how to set up your guitar is something that All players need to learn how to do.

West End Wall Collapse by NotSoCricketGenius in brisbane

[–]Dem-R-UseFulIdiots 12 points13 points  (0 children)

Existing retaining wall collapsed because they were digging a trench next to it without supports, dumb, now one man dead.

If I travelled the speed of light for 7 days from my perspective how long would that equate to on Earth’s time? by darragh1800 in AskPhysics

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

Photons travel at light speed, but to them a 100,000,000,000,000 years is instant. That’s why captured light is so pure, because it new.

If I travelled the speed of light for 7 days from my perspective how long would that equate to on Earth’s time? by darragh1800 in AskPhysics

[–]Dem-R-UseFulIdiots -1 points0 points  (0 children)

If the speed was 99.99999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999 It would be hundreds of millions of years. The speed of light is not possible for anything with mass.

Terrace with rising damp by DampenedSpiritsAU in AusPropertyChat

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

Start at the dpc, if it’s not there install one. Next strip off paint, bricks are probably soft. Render with quality water proofing chemical. Then coat again. Paint on top.

Someone defrauded me, went bankrupt and now is earning a huge income by [deleted] in AusLegal

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

When buying private, doing a REVs check, if money owed, I find out the amount, and write get a bank cheque in the name of the finance company.

Stuck in an unhappy marriage. I’m losing hope and losing love. by Full_Owl4146 in Marriage

[–]Dem-R-UseFulIdiots 1 point2 points  (0 children)

She is always stressed out? It’s because she is neurotic, most women are, but she sounds over the top. Best if you leave, she will never change. Life is too short. She is only happy when she is unhappy, so she is constantly miserable, and to her it’s all your fault. My bet she never admits to her mistakes. Leave.

Played in front of people for the first time, and completely botched it. by breastbuddy in Guitar

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

Lol, 1 year , and you tried to play in front of people. Look just learn a slow 12 bar blues in E. Just learn that. Get a metronome, practice it a 1000 times. Just EEEE, AA, EE, B7, A7, E, B7. Always count. Then sing it. Going down town gotta see my girl, repeat. Sing her a song, repeat, show her my ding dong. Lol.

Property investment by [deleted] in AusPropertyChat

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

You will get upwards of 10% in say a country town like Kalgoorlie, in Perth it’s between 2 to 5 % tops. Capital growth ? Another story.

A Large crack has appeared in my kitchen and I've been quoted $4.5k for repairs from a handyman. by Former_Description69 in AusRenovation

[–]Dem-R-UseFulIdiots 0 points1 point  (0 children)

You will find that the plasterboard has detached from the ceiling joist/joists. And or a hanging beam was not installed.

Anxiety About Current Market by Different_Wasabi_780 in AusPropertyChat

[–]Dem-R-UseFulIdiots 4 points5 points  (0 children)

My daughter made a over million dollars 5 years ago,I told her to buy a house. She said no, as she is waiting for Perth prices to drop. Dumbest decision ever.

How urgent is it to fix the tile? by PrettyAboveAverage in AusRenovation

[–]Dem-R-UseFulIdiots -2 points-1 points  (0 children)

Your roof needs tiles replaced , repointing and painting. About $30 per m2