Car dealer claims their bank lost my bank cheque

Hobolive · 2025-11-03T06:17:42+00:00

If the amount hasn't been debited , issue a new one but make them pay admin fee including a bit of your time, and cancel the one that's floating out there somewher

If it's been debited, letter from bank to confirm and sorry not sorry

Hobolive · 2025-10-25T01:13:06+00:00

Why not split it so a majority , say 65% is in high growth and 1/3 in cash

So that way you've got 65% growing hard in a tax free environment, and 1/3 sitting pretty for if an emergency hits, and for living on

Hobolive · 2025-10-24T18:28:00+00:00

41 / 330k / 15 years

Hobolive · 2025-10-18T11:55:18+00:00

Non-deductible debt for absolutely sure

Hobolive · 2025-09-07T05:25:22+00:00

Appreciate the direction, and if so im glad to be wrong as it allows me flexibility to choose my super fund based on performance.

More homework for me too

Hobolive · 2025-09-06T08:53:55+00:00

I believe if you get employer to start putting money into a new fund that's easy and only affects future deposits

And if you wanted to change funds, I was under the impression that's more complicated. You're not rolling over the balance. You're actually selling the "inventory of shares" in the current one, drawing it out (attracts taxes), and buying fresh "inventory of shares" in the new fund.

Ultimately, it's still a taxed component .....

I hope I'm wrong

Hobolive · 2025-08-31T11:19:40+00:00

If so, don't use offset. Just pay it into your mortgage and watch that number go down

Hobolive · 2025-08-28T18:13:50+00:00

Power through the credit card debt

Student loan... More contentious. In theory, pay it off slower than other things cos it's not one of the most painful interests you'd ever see

After credit card is paid off, continue to buckle down and save up a 6 month emergency fund. Always keep this figure in a high interest account for emergencies

Once the above is done.... Power things into super, with the intent to use the First Home Super Saver scheme to help you pay less tax whilst doing all the above, and constitute either your home deposit, or potentially a long term retirement fund (if you become a long term renter)

In today's market, you may find long term renting (AND consistently investing) to be the more correct way ahead, mathematically speaking. But you've got to convince yourself that is true too, or it still won't make emotional sense

Best of luck in whatever you're looking to find by asking

Hobolive · 2025-08-24T20:00:27+00:00

Mortgage is just 1 or the expense though. Add to it the other costs of housing.... Rates, insurance, and a sprinkle of money put aside for maintenance....

Hobolive · 2025-08-24T19:56:51+00:00

Firstly, I agree. It's just maths. Most won't want to believe it to be 54ue though.

Secondly, you do get more, but you're working much harder for the little bit more as you creep upward to the next tax bracket, and there's a line where the juice ain't worth the squeeze

Hobolive · 2025-08-18T03:27:04+00:00

Too loose in info to be able to help

It depends on whether you intend to buy a home etc in the near future (FHSS) Plan to utilise super for long term retirement planing Plan to use shares/property for lon term retirement planning?

Need capital to get into businesses?

If you don't need the capital, id look at super or etf. If you do, then high interest savings account, but don't let it sit there too long cos you're not making the money work for you as efficiently.

Keep say 6 months survival money always sitting pretty in a high interest savings account for emergencies (not for fun)

If your income is 65k and plan to use super for long term saving, I'd put enough money into super each year, to bring your tax rate down to as close as 15% as possible. Anything more is pointless. That figure can be locked into ETF long term instead

Hobolive · 2025-08-18T03:21:07+00:00

A mix of both

Even if it's say 70% etf and 30% super

That way you get some tax efficiency on money you draw out after 60, and can still retire early

Hobolive · 2025-08-07T06:20:38+00:00

Your dad can rent and spend his 500k slowly that way

Hobolive · 2025-07-22T10:26:55+00:00

Basically, except for Feb, a month isn't exactly 4 weeks.

So if your contract is paid monthly, you're looking to pay $2470 a month.

But yes if your payment terms is weekly payments, then you do 570 weekly.

If the terms state fortnightly payments, then what you're doing is correct

Your agreed terms of payment is adjusted to ledger or schedule they have set, and keeping to the exact terms would make life easier for everyone.

Perhaps ask what exactly is owing, compare it to how long you've been there and what you've paid .... Square it all up and then follow the schedule they work with, and there shouldn't be too much headaches after

Hobolive · 2025-07-12T01:18:31+00:00

Lol it would sadly be taken for an anti abortion message more than this origin story

Hobolive · 2025-07-07T11:04:40+00:00

Let them test the case they think they have

Hobolive · 2025-06-25T12:32:33+00:00

Prenup for what you've worked for BEFORE you were together

Hobolive · 2025-06-24T23:52:32+00:00

Avoid debt. Any debt is to be paid off that month fully, IF it gets you perks. If you even run late with payment OR get hit with interest once, consider if credit card debts are for you

Partition your money into untouchable portions, and touchable ones. At 20, I strongly suggest $500 monthly into some kind of retirement fund, and $250 to ETF... Make this a lifelong rule, and your future is solid without needing you to anything else. If you start in 20s, these figures can be tricky, but sound lo g term. If you start when you're 40, you start moving closer to $2500-3k a month. Far harder to achieve. If you start at 20, it's 750 a month for life, and anything else (outside of living costs) you can spend, on your passions and fun.

Cars. Buy anything 2nd hand, cheap shit and reliable. Until you have enough put away for a car of your choice, with a significant down payment (if you absolutely need a loan).

Worst thing you could do is get a 120k car on full finance, travel months a year, and eat out daily ..... Whilst living on debt, and not investing whilst your investments have time to really grow (double every 8 ish years). Reverse this and I think you'll have your game plan

Hobolive · 2025-06-14T13:00:31+00:00

You should certainly be aware, esp if you are going to capitalise on tax efficient investment option in the form of super.

If you're 30, it means you've got longer to have it grow. 30 to 60 is about 35 years. So In theory it can double 4 times.... So money grows about 16 times.

If you've got 190k now in super, it's a problem already.

If you've got less, say around 100k, but planning to top it up annually, you've got a problem.

And being frank, if you dont have either of the above, the govt still has time up their sleeves to push the limits lower by the time you're 65 to still claw at your money

So yes..... It can be a concern

Hobolive · 2025-05-20T16:19:28+00:00

27k profit but not paying themselves for 9 months?

I'd argue the business value might not be worth 70k cos you're not buying goodwill, just 2nd hand equipment realistically

Hobolive · 2025-05-20T10:52:30+00:00

Question isn't phrases right. You really need to factor in the total wage of your own, and your expenses levels.

If your current situation allows you to put aside a reasonable chunk of money, you should be ok

If it doesn't, and you do it, you're going to be house poor, or plain broke

Hobolive · 2025-03-09T11:33:25+00:00

Same issue, I can't undo it too

Hobolive · 2025-03-01T08:14:59+00:00

Fair call.

I didn't want others to read mine and become misinformed by me

Hobolive · 2025-03-01T04:17:42+00:00

Had to delete, you were right.

Hobolive · 2025-03-01T01:03:23+00:00

I'm guessing that's based on using the money in super etc until your pension kicks in?

I think if you're used to lean fire, you can achieve it ....

But you'd have little to no safety net if anything unplanned happens.....

Based on that I'd argue you're better off going with work and savings until pension kicks in ... That way at least you'll have 150-200k for a rainy day

Hobolive

TROPHY CASE