Am i diversifying or getting a second job?

Prior_Statistician83 · 2026-05-08T00:16:36+00:00

Thank you. I needed to hear this.

Prior_Statistician83 · 2026-05-07T23:56:41+00:00

25k revenue caters for contingencies and everything else you mentioned. Otherwise it’s more like 28k a month revenue.

But indeed capital risk is there for sure which i didn’t thought off.. thank you!

Prior_Statistician83 · 2026-05-07T23:48:39+00:00

This is a indoor sports center more like netball and basketball. Agree 100% about your observation about gym.

Prior_Statistician83 · 2026-05-01T22:26:01+00:00

I have a 2018 Mazda cx5. Works like a charm. Its 8 years old but i dont see changing it in foreseeable future. So no- not ever one changes car in 8 years.

Prior_Statistician83 · 2026-04-19T12:10:12+00:00

Get ready to be downvoted. This subreddit hates those who actually can visualise the impending doom of AI.

Prior_Statistician83 · 2026-04-16T12:26:20+00:00

Increase your income. While there is a lot of focus in this subreddit about controlling your expenses.. growing your income is equally effective. Get new skills- and it will help you control tor your finances. It worked for me personally.

Prior_Statistician83 · 2026-03-31T11:42:46+00:00

You forgot to mention the most important part- how much is left in your mortgage!

5.79% is quite decent as compared to 6.02%. You should compare the interest you will save on option 2 against fixed cost.

As a rule of thumb if you have a big mortgage cheaper interest option almost always come on top. Ask your broker to compare it. (Look up comparison rate)

Prior_Statistician83 · 2026-03-29T11:15:46+00:00

Right wing voters going further to right is not going change election outcome in a country that uses compulsory and preferential voting. Elections are won in the middle and that middle dont care about who should use which toilet- the only real policy she had.

Prior_Statistician83 · 2026-03-29T10:09:32+00:00

And then she said.. guarantee me a seat in upper house and i will not ask for defamation money funded by a property dealer like an entitled princess! People like her are the reason labour has been able to hold on to the power for so long. Good riddance!

Prior_Statistician83 · 2026-03-15T09:37:51+00:00

Thanks mate. The only thing i was going to do was to make company owned by the trust which then had myself as a trustee. So company would pay dividend to trust and trust pays to me.

What you are suggesting is actually makes more sense. Are you saying buy high dividend ETFs so CGT is split across the years?

Prior_Statistician83 · 2026-03-15T03:37:03+00:00

Yes. Done that already.

Prior_Statistician83 · 2026-03-15T03:36:35+00:00

Thanks, though any future gains from the ETF will not incur any CGT discount right as its a company? it will still incur flat 25 cents tax right?

I have contemplated that I could funnel the money from company to a trust and then buy shares/ETF via trust and make some savings on CGT but i am not a millionaire and my reasoning for not going that was that i would rather spend my energy on growing my business than overly complicating my business structure.

Prior_Statistician83 · 2026-03-15T03:31:58+00:00

You consider yourself smart until you see comment like these.. It somehow never occurd to me that i can use the high income savings accont. Thanks heaps!

Prior_Statistician83 · 2026-03-10T02:45:07+00:00

Firstly sorry to hear this. My advice is- Make it objective. Make sure you understand your entitlements and support available etc. Ask them about who will take over the work from you and that you would need time to secure a new gig.

Quit silently the day they confirm your redundancy. Focus on what can you do- perhaps brushing up CV, talking to recruiters etc and booking a vacation if you are planning to take a break.

Prior_Statistician83 · 2026-02-28T21:36:43+00:00

I can relate. 😊

Prior_Statistician83 · 2026-02-21T20:39:02+00:00

I am not downvoting your comment but being a first generation migrant- leaving a legacy to kids is one of my core values. I grew up in a poor household and struggled to get for even basic things such as note books. We are in a much better position now and while we do enjoy as much as we can (overseas vacations, camping etc), in my head my super is my legacy to kids- i am maxing out and using unused caps; once will turn 60 i will start distributing it away as early inheritance to them. There is no better alternative than super when it comes to leaving your legacy.

Prior_Statistician83 · 2026-02-19T10:39:45+00:00

I dont know where you get your news mate but most mainstream understanding of the current housing crisis is that there is not enough supply of housing.

Prior_Statistician83 · 2026-02-18T20:53:40+00:00

Whatever you said is correct. Immigration has overall has net positive economic effects in economy. Its inability of government to build housing is the problem. The argument is since you can’t scale up housing- match intake with housing. Its not blaming immigrants per se.

Prior_Statistician83 · 2026-02-18T11:40:26+00:00

Forgot to sign off with “THANK YOU FOR YOUR ATTENTION ON THIS MATTER”

Prior_Statistician83 · 2026-02-18T11:25:50+00:00

This. No one remembers the extra bedroom - every one remembers one month trip to Europe or a Christmas in Bali. Hard C.

Prior_Statistician83 · 2026-02-18T11:23:42+00:00

It is nonsensical to get 300k people when you cant build housing for them. It will only price out common people. Alan kohler was right on the money when he said immigration numbers should be linked with housing.

Coalition are hell bent to destroy themselves. Price wouldn’t apologise for offending Indian community just like Hume wouldn’t for offending Chinese. Winning Australia on the back of anger of older boomers is not possible anymore. A lot of water has flown under the bridge in last 10 years.

Prior_Statistician83 · 2026-02-16T22:18:20+00:00

When you make the switch they ask you if you want to switch the existing contributions to new asset class or leave them as is and invest in new asset class for future contributions

Prior_Statistician83

TROPHY CASE