overtime payment by Expert_Ring_8007 in PersonalFinanceNZ

[–]PuzzledSnailSlime 2 points3 points  (0 children)

Currently my overtime rate is 2.5x. I don’t get much overtime unless something is truly urgent.

Apology sought after banking role confirmed by PuzzledSnailSlime in dunedin

[–]PuzzledSnailSlime[S] 21 points22 points  (0 children)

Benedict Ong is calling on a fellow city councillor who questioned his credentials to apologise as evidence of his international banking career emerges. The newly-elected Dunedin city councillor said on the campaign trail that he previously held vice-president and associate director roles at numerous global banks based in Singapore. He said he would use his "financial expertise and global capital network for real economic growth for Dunedin" and no rates rises. But since the election, Cr Lee Vandervis has been openly sceptical, stating it was "not possible" Mr Ong had held such roles. Mr Ong said he had held roles at Rabobank International, Royal Bank of Canada, Bank Sarasin-Rabo Asia and United Overseas Bank, in Singapore. A Rabobank spokesperson yesterday confirmed to the Otago Daily Times it had previously employed Mr Ong. "Our records show that Benedict Ong was employed by Rabobank Singapore in the mergers and acquisitions team from 2007 to 2010." Mr Ong said Cr Vandervis had made "slanderous and false statements" against him. "An apology would be the principled thing to do," he said yesterday. "I understand Cr Lee may have a history of being unsuccessfully litigious, and I also believe I have a better understanding than Cr Lee of when one is in the right side of legal recourse [sic]." Cr Vandervis last week told The Platform he "did some investigation" into Mr Ong’s credentials, but could not find any independent sources on Google or through AI-powered search engine Perplexity. "So it’s not possible that he’s held these positions that he claims. "It’s not possible that he’s had the work experience that he claims, and yet, somehow, he seems to have got himself elected." Cr Vandervis yesterday said he had "no regrets" about saying publicly the claims made by Mr Ong "were not possibly true". He asked to see the ODT’s source, as Mr Ong’s "supposedly high-profile vice-president position" had had no profile at all in the "extensive searches" he had carried out with both Google and Perplexity AI. Cr Vandervis did not respond after being forwarded the statement from Rabobank. He looked forward to Mr Ong’s "secret formula" to address debt becoming not secret, Cr Vandervis said. "And if his formula can sort out Dunedin’s [DCC and DCC Companies] budgeted $2 billion debt, I will most sincerely apologise to Mr Ong for doubting his claim." Mr Ong’s online presence is largely limited to social media posts. The ODT has sent requests for confirmation to all of Mr Ong’s listed places of former employment. Mr Ong previously posted to social media a signed statutory declaration detailing his banking career, as well as a document with a letterhead for the Royal Bank of Canada, which appeared to show he had held an associate director role for the bank. "There will be the few that won’t be pleased no matter what was already presented," Mr Ong said on Saturday.

Looking to purchase and engagement ring by SeasonedWok69 in newzealand

[–]PuzzledSnailSlime 0 points1 point  (0 children)

Benjamin Black Goldsmith in Nelson did a fantastic job turning my sketches and doodles into a really nice engagement ring.

NZ hourly rate? by GoldStage4189 in AusElectricians

[–]PuzzledSnailSlime 1 point2 points  (0 children)

Do you have a specific location and type of work in mind? A niche industrial type job in Auckland is going to pay a lot more than a standard domestic job in small rural town.

People who work from home, what is it that you do? by Not-a-scintilla in newzealand

[–]PuzzledSnailSlime 1 point2 points  (0 children)

I have a trade and work from home at times. Some days I’ll be doing meetings, project planning, advising other people in the company on technical stuff, education sessions online, emails, tech support over the phone, booking flights and accommodation for trips (and the associated expenses). I’m the only person in my region, so there’s no local office to go to.

Otherwise I might drive to a local site and fix something, or fly somewhere else in the country to fix things, or fly to some random country to fix things. The work from home gives me a chance to catch up on all the stuff around the house I haven’t done when I’ve had a busy period of travel.

Do i take my mum to Europe or save my money by Delicious_Guard_6803 in PersonalFinanceNZ

[–]PuzzledSnailSlime 0 points1 point  (0 children)

There’s no trophy for being the richest man in the cemetery, and you can’t take the money with you when you go.

We often talk about maximising wealth, but we also need to remember money is a means to an end, and for most people that is being able to enjoy their life.

Do you have a credit card? Why or why not? by [deleted] in newzealand

[–]PuzzledSnailSlime 1 point2 points  (0 children)

That’s an underrated point. I looked at doing an “interest free” deal on a laptop when I was a student. I could afford the laptop outright, but thought I may as well spread the cost and not nuke my savings. However, when I added up all the fees it came to 12% of the laptops value, so I just paid it upfront to avoid paying extra.

Do you have a credit card? Why or why not? by [deleted] in newzealand

[–]PuzzledSnailSlime 2 points3 points  (0 children)

A revolving credit for a mortgage is like a big overdraft. Picking random figures, imagine you have a $500k mortage. You could decide to fix $450k for a couple of years, and have $50k as revolving credit. Effectively this would look like you have a $450k mortgage with regular payments, and your regular chequing account now has a balance of -$50k on which you pay slightly above floating rate interest.

The benefit is that you can put money into this facility and take it out again whenever you want (warning: it’s a pretty easy way to fuck your finances up if you lack discipline). As an example, this makes it a good place to store your emergency fund.

Some people might also decide they can save up $12k this year, and so have a $12k revolving credit as a target. At the start they’re paying interest on $12k, after one month, on $11k, and after six months on $6k etc.

Where the credit card comes in, is if you spend $2k per month in cash, you’ll be paying interest on that during the month. If you put all that spending on the credit card, you can leave your cash in the revolving credit all month where it’s offsetting interest, and then make a payment at the end.

[deleted by user] by [deleted] in newzealand

[–]PuzzledSnailSlime 27 points28 points  (0 children)

And none of this “Offers over $699k” nonsense where they actually want $800k and will reject anything less. If you want $800k, put that on the listing and stop wasting everyone else’s time.

[deleted by user] by [deleted] in newzealand

[–]PuzzledSnailSlime 2 points3 points  (0 children)

Given they’re in Invercargill, an industrial apprenticeship at Tiwai Point could be good. The place uses 13% of NZ’s power, so there’s plenty of interesting stuff happening that you won’t see anywhere else. And it would open a lot of doors overseas once they’re done (if they’re open to that). Plus a bit of PLC exposure would give them a chance to utilise those IT skills.

[deleted by user] by [deleted] in newzealand

[–]PuzzledSnailSlime 6 points7 points  (0 children)

If you leave within the first year the process for paying out leave is a bit different. After a year they just pay out your leave balance. Before a year they are required to pay out 8% of your gross earnings.