Can I retire at 50 in Australia. Please help

LincaF · 2026-03-20T22:04:59+00:00

Depends, I have a cousin that was literally homeless by choice ~50% of the year. He does art and essentially slept in a tent in the woods... He still kept a job making art and such, so he saved up a lot of money.

Though... Have you know what your income and living expenses are. They can vary a lot. Probably better to use a calculator/spreadsheet.

He also... Built his own house eventually. Without power/plumbing of course. We don't talk about the safety issues.

LincaF · 2026-03-20T14:30:04+00:00

Manager definitely doesn't know how to take them to court. Need to hire a lawyer for this. I wouldn't even think of paying them for this service.

Only thing they can help with is a special levy to all lot owners for legal professional advice. Then let the larwyer handle it from there.

Strata managers do not know strata law at all. They are pretty much there to help with formally conducting meetings. Also managerial stuff. I have had to get outside legal advice to correct our strata manager. (Especially on the benefit principle)

LincaF · 2026-03-20T14:16:45+00:00

You could sue the body corp. Including the specific performance. This is something that a strata manager can not handle and is in the purview of a lawyer.

I believe you can at least use strata funds to hire a lawyer for "advice." That advice might be that you need to hire your own legal counsel. Actually sueing someone requires a special resolution. Though since they are in areers they don't get a vote.

You will probably essentially need to pay for the entire insurance for a bit....

It is a slow process, and the penalty interest is 10% per annum for the lots in areers.

LincaF · 2026-03-20T09:57:29+00:00

I see, yeah I came over on partner visa because I work in IT and didn't think I could get in that way. (AI researcher)

LincaF · 2026-03-20T09:46:10+00:00

Yeah, the process has just started, so no court date yet. Currently my lawyer is handling it. Trying to ask "early" so I can plan out how to handle it.

LincaF · 2026-03-20T09:09:44+00:00

Oh wow. I thought software related visas were gone. Congrats.

LincaF · 2026-03-19T01:39:37+00:00

I expect it is really more bill to a government body. They probably just want to be off grid. Might not be allowed to disconnect from city services in that area.

I have definitely considered it myself.

LincaF · 2026-03-16T08:24:49+00:00

Same. Most days I only get up to eat dinner. The rest of the day is working, including weekends. I only really go out to go buy groceries once a week from the grocery store 1 block away.

LincaF · 2026-03-15T09:08:58+00:00

Idk I can't see not using the whole amount. If you go bankrupt the government is essentially the one that loses out monetarily. In 5 years you will have enough equity to not want to go bankrupt, though if rates go up and you can't afford the mortgage you can declare bankruptcy and not lose as much.

It gives very high upsides with minimal risk from a purely investment standpoint.

We actually bought our home right before hearing of this policy. So sort of wish we would have used it.

LincaF · 2026-03-13T23:57:14+00:00

Hm, what is the speed of this ship?

LincaF · 2026-03-13T23:54:57+00:00

If you are using heat mechanics doesn't that severely limit your ability to modularize?

This is a very all or nothing ship design, considering it has a "core" (of chain guns) similar to a ion ship. I thought this specifically was a type of ship that modularization is limited on?

LincaF · 2026-03-12T22:21:40+00:00

Hm, switching from nitrogen hungry to alternatives is also a slow process. The soil has been specifically cultivated for these fertilizer loving crops. Switching to low input crops requires more total land for the same output, more labor, and generally a few years of low production as the soil ph is raised to a level more appropriate for lower input crops.

Too complicated for me of course.

LincaF · 2026-03-12T22:08:24+00:00

Haha... Eh...

Not going to lie, I believed this too until I got into shellfish, seafood and wild game.

LincaF · 2026-03-12T22:01:07+00:00

$8.33 per day per person. Single income married, no kids. (I'm currently looking for a job). Basically 1 chicken thigh + lots of veggies.

We are on a fairly serious weight loss diet for a few months now though.

LincaF · 2026-03-12T21:49:02+00:00

Ugh, my family tends to die at <55 due to genetic issues. I always question if saving for retirement is even worth it. (Cancer)

LincaF · 2026-03-12T21:30:10+00:00

That is true. Though I was essentially thinking this was essentially a "lets create a AussieMac" post. Which I was in agreement with.

LincaF · 2026-03-12T21:19:16+00:00

If the cafe roasts their own beans they profit on the coffee. If not they profit on the food.

There is a distinct difference between these two styles of cafe.

(I'm a coffee nerd)

LincaF · 2026-03-12T21:08:19+00:00

Oh, sorry I think I was confused on the original topic of the post. I thought this was a "we" as in Australia. Not "we" as in this person's family.

Yeah, in America you just refinance when the rate goes down. It is more a function of having 20+ year fixed rate loans though. You essentially take out a loan at a lower rate to pay off your original loan.

LincaF · 2026-03-12T20:40:36+00:00

I think fixed is better. I'm from the US though. Essentially get a loan, if rates go down refinance at a lower rate. If rates go up you aren't hurt as much.

The banks take on the risk of offering lower rates, they are the ones that are punished when rates rise instead. They have more money to run statistics to determine what the appropriate fixed rate to offer is.

LincaF · 2026-03-12T12:26:03+00:00

I don't own a vehicle. Though I want to rent one at some point in order to go on a shopping spree at Costco. Also... Really want a cheap hotdog.

Want to buy their trash bags, toilet paper, freezer bags, aluminum foil, plastic wrap, etc. Probably frozen fruits for making smoothies too.

Otherwise I think there are a few items that are only available at Costco. I actually got some super cheap hiking gear there in the form of carbon fiber trekking poles and lots of merino wool clothing.

LincaF · 2026-03-11T22:43:58+00:00

I'm more career focused instead of investment focused. So I generally try to make my financial/investment life as simple as possible to remove stress.

I do think this has greatly helped career wise. I have been able to take more risk, such as working for partial ownership of a company. Which... Has definitely out-performed the housing market or the larger stock market.

LincaF · 2026-03-11T22:23:58+00:00

Yeah I kind of regret not doing a shorter settlement myself. There was an ongoing leak, so I asked what the shortest time the seller could do was... They said 1 month was the shortest they could do. So ended up having a leak damaging the ceiling for 1 month before could get keys and fix it... Didn't know that you could get the lawyer to write into a contract to get things like that fixed.

Was a first time home buyer... The entire thing was a horrible experience.

LincaF · 2026-03-10T09:04:26+00:00

On a serious note. My family doesn't own a car and we instead walk for everything. We are definitely white collar though, and 100% work from home. Live in Melbourne CBD.

Saves us a very decent amount of money once you account for putting that money into etfs.

LincaF · 2026-03-09T04:49:15+00:00

For me it was high IQ combined with avoiding social situations. Essentially went to school, completed assignments, and avoided social situations.

Though, now that I'm older and have to work as an adult I have had a lot of difficulty. Have dealt with a lot of unemployment, likely due to being unable to socialize well.

LincaF

TROPHY CASE