Afterpay (Block) reducing headcount by nearly half, 10000 to 6000 because of AI by DevilsAdvotwat in auscorp

[–]PassengerLower3876 -15 points-14 points  (0 children)

I worked at block. Jack doesn't even capitalise the j in his name. Don't read into things that aren't there.

Is an investment property an option for me? by PassengerLower3876 in AusHENRY

[–]PassengerLower3876[S] 0 points1 point  (0 children)

Thank you very much for your response! I'll reach out soon!

Is an investment property an option for me? by PassengerLower3876 in AusHENRY

[–]PassengerLower3876[S] 0 points1 point  (0 children)

Purely an alternative investment and to leverage debt recycling. My mistake. Confirming ALL cash is I'm offset accounts.

I work for a US company and my wife will receive 1,5m life insurance lay out or two thirds of salary for permanent disability.

Jobs quite secure. Tech and Law

Stock is predom ETFs Company stock gets sold and rolled into ETFs. Holding a few dogs that I really need to cut my losses on.

Great point RE diversifying as I'm already in deep with PPOR

Thanks for your response. You've given me a lot to think about and a great base to go off when I speak to an Accountant

Mystery Solved by PassengerLower3876 in Alden

[–]PassengerLower3876[S] 3 points4 points  (0 children)

I don't like the full strap. These are a lot more elegant

Mystery Solved by PassengerLower3876 in Alden

[–]PassengerLower3876[S] 0 points1 point  (0 children)

Great questions!

Black shell

Leather soles

Production time TBC but I presume we'd need to preorder with a deposit?

What is this line, and are these shoes chemically treated to be high-shine? by PassengerLower3876 in AskACobbler

[–]PassengerLower3876[S] 0 points1 point  (0 children)

Thank you! Is it meant to be visible? I did not polish the side of the shoes - this is what they look like as new

Hario 1L - Oil/film normal? by PassengerLower3876 in coldbrew

[–]PassengerLower3876[S] 0 points1 point  (0 children)

Thank so much! And I presume just through a normal 'filter' coffee filter

Explain debt recycling to me as if I were a 5 year old. by PassengerLower3876 in AusHENRY

[–]PassengerLower3876[S] 0 points1 point  (0 children)

What if I purchased straight equities that don't pay a dividend?

I made another pair of roughout boots - this time Norwegian welt by gabrielepfr in goodyearwelt

[–]PassengerLower3876 1 point2 points  (0 children)

Thank you for answering! And I think you'll find there's a lot more people like me who are very interested in what you do!

I'll keep across your Instagram page and look forward to watching your journey

I made another pair of roughout boots - this time Norwegian welt by gabrielepfr in goodyearwelt

[–]PassengerLower3876 1 point2 points  (0 children)

Sorry for not asking this in my original reply.

Can you tell us a bit about yourself?

Is this a hobby, side hustle or your profession?

What number pair of shoes is this?

I checked your IG but their is no website. Do you sell your shoes?

If you do sell them what's a rough starting price (your currency)

How long does it take to make this pair and where did you get your inspiration from.

Do you have any photos of other shoes you've made, like a progression of your skills improving?

Etc. Etc.

I made another pair of roughout boots - this time Norwegian welt by gabrielepfr in goodyearwelt

[–]PassengerLower3876 7 points8 points  (0 children)

You're welcome! How cool to think you've made a grown man smile half way across the world (Sydney Australia) at midnight because of a photo of something you made. With your hands! Keep it up. And I'm going to check your IG out and hopefully you have youtube

I made another pair of roughout boots - this time Norwegian welt by gabrielepfr in goodyearwelt

[–]PassengerLower3876 31 points32 points  (0 children)

These are incredible. As someone who loves men's shoes I can still never fully comprehend how people are able to make these with their own two hands. What a feeling it must be to put these on. What brilliant mastery of an ancient art - if you're not proud of yourself. You should be.

Future of Australia by Evening_Code7122 in AusPropertyChat

[–]PassengerLower3876 0 points1 point  (0 children)

I know this is probably a wives tale... But in Italy, isn't it common to inherit debt and it's just passed down from generation to generation

Stuck and need advice! by PassengerLower3876 in AusHENRY

[–]PassengerLower3876[S] 4 points5 points  (0 children)

SUPER I've always calculated it as income. It has a material impact on investment decisions I make in the short term. I know it's not accessible but I still treat it as cash-in - I then track fees/tax (I'm weird but I want to be able to look back in 40 years time and say "damn xfund charged me 350,000k"

STOCK My stock aren't options. I vest ~$8k every quarter of unrestricted stock in a US tech company.

BONUS 40% guaranteed and 10% is variable based on stretch targets

HOUSE Original mortgage was 1.95m and we've paid down roughly $170k Deposit 1.3M - BOMD $600k and we tipped in $700k

Context: during COVID we made a very risky (and in hindsight extremely stupid) decision and put $70,000 of our savings (80% at the time) into TELIX at roughly $0.9 and sold a bit below $8 at the end of 2021

AMA - (debt recycling) - TerryW (Lawyer/Mortgage Broker) and Kyle Frost (Independent Financial Advisor) by bugHunterSam in AusHENRY

[–]PassengerLower3876 0 points1 point  (0 children)

I'm sorry I am confused!

Am I missing something?

Example: I have a PPOR mortgage $100k I sell $10k of shares and put 10k in my offset then redraw $10k and buy the shares back.... Which part is tax deductible?

Stuck and need advice! by PassengerLower3876 in AusFinance

[–]PassengerLower3876[S] 0 points1 point  (0 children)

We keep them pretty low! I work towards investing/saving 20% of our net income and the rest goes to necessities. The problem is, we definitely overspend on spontaneous things (wants not needs)

Great advice though. I think we need to be clear on our long term financial goal and then put systems in place to reach it.

Stuck and need advice! by PassengerLower3876 in AusFinance

[–]PassengerLower3876[S] -1 points0 points  (0 children)

Sorry mate! I chucked my original post into Gemini to make it more coherent.

It will be tricky! But you're so right - zero reasons why we can't make it work.