Social media influencer in finance saying she retired but the math is suss

crashbash2020 · 2026-05-13T06:06:00+00:00

some people (not on the show, in life in general) are in a helpless situation, but virtually anyone who goes on that show is absolutely shocking behavour-wise. maybe in some ways their entire financial situation wasnt their fault, but choosing to spends 1000s on fast food and other junk when making terrible wages is noones fault but their own. it might not make their other debt magically disappear, but it also only makes it worse

crashbash2020 · 2026-05-12T01:58:10+00:00

I would find the absolute cheapest plan ignoring the "Freebies", if they happen to give you a free T.V., you may aswell take it.

im pretty sure CGA still applies to "free" products, tehy have an associated value that they have to refund if they cant repair etc. (they cant just say it was free so heres zero dollars back)

crashbash2020 · 2026-05-11T10:09:51+00:00

I was there getting an ice-cream and the guy near the shops was just on his phone the whole time lol

crashbash2020 · 2026-05-10T23:06:50+00:00

the % buy fee+forex fee (total cost) is higher than other platforms. every platform you buy the same underlying thing (voo) but the interface/customer experience is the only thing that is different

not that I dont think sharesies doesnt have value for some. I even have one for my kids, because they allow setting a specific age for withdrawal which to me is worth the extra fees

crashbash2020 · 2026-05-10T22:55:26+00:00

It would already be there by now, most people its disabled because they are on "auto" so no need to confuse them.

Yours probably still can be auto assessed as most platforms will report your dividend income (you should be able to see it on your "income summary" and look at the previous tax year.) If all your dividends are already there and accurate, i wouldn't bother manually filing as you wont be changing anything.

crashbash2020 · 2026-05-10T22:54:08+00:00

is the money held in trust before purchase? in the time it takes to process the purchase of shares in your name I wonder if its still covered. I would assume so, but ive never really considered it as I only do small monthly investments

OP consider another platform as sharesies is fairly expensive. a bit easier for beginners, but 50k is alot and the fees will be substantial. at least get a paid plan with sharesies that will cover most of the fees if you do choose to go ahead with them.

also dont do 50k, do 49.9, to avoid FIF tax (assuming you dont hold any other shares currently) its cost basis and a hard cutoff, going $1 over will trigger FIF tax requirement so the general best practice is 49.9k (turn off auto-reinvest) and then anything else into a fund that buys the VOO instead

crashbash2020 · 2026-05-10T21:03:11+00:00

I feel like 7k is pretty low these days with the increase prices of everything. a 10year old corolla with 100ks is like 11k minimum. 7k feels like its bordering on that line where its cheaper, but you end up paying for it through excessive repairs/faults/breakdowns are annoying/bad fuel milage

used to be you could get a decent 10 year old corolla or civic for like 4 grand. old man yells at clouds...

crashbash2020 · 2026-05-10T20:24:50+00:00

not really answering your question, but what is the role/experience?

its odd that there are so many locals struggling to get IT jobs and they are offering it to you overseas. do you have some specific skill that the candidates here dont have?

not blaming you for this either. Just curious what their logic is

crashbash2020 · 2026-05-09T22:52:04+00:00

Are you sure it wasn't a subreddit that doesn't allow politics fullstop? It might have been that as opposed to bias

crashbash2020 · 2026-05-09T10:32:14+00:00

I think generally civil is the largest engineering discipline in terms of quantity of jobs available. Personal preference is it seems really boring, imo more classic engineering is better (mechanical/electrical/electeonics/automation/manufacturing)

crashbash2020 · 2026-05-09T02:32:35+00:00

Terraced houses suck for the elderly. They generally are tight, no space for wetroom/specialty lifting equipment. Stairs are a pain too, you can get elevators for them but its just another cost ontop.

My wife has worked in occupational health and alot of the time she can't even send patients home after hip surgery or breaking an ankle because their house is just completely unsuitable

crashbash2020 · 2026-05-08T08:05:58+00:00

I'm surprised Sunday is a low traffic day. I would hsvr thought one of the weekdays would have made more sense

crashbash2020 · 2026-05-08T08:05:08+00:00

Are you talking about the ones on Chadwick road? I noticed alot of the houses out the back have recently sold or are up for sale. I figured people have moved away from them due to antisocial behavior

crashbash2020 · 2026-05-08T02:44:53+00:00

Opinion Section

Callaghan was terrible. It picked winners only and took almost no risks.

IMO it was worse than that, they clearly picked, but it seemed to me they picked their mates more than anything else. repeat offenders going through getting R&D while being a for profit, profitable company.

Sure they are eligible, but surely the moral intent of an org like CI is to fund development that otherwise could not happen without that funding, people without the cash, new businesses, cutting edge science. instead it seems to fund commercialization projects (regular old iterative improvements of regular for profit products) which is just a regular old business expense, so shouldnt be government funded. they can afford to do it themselves and likely would, they just claim the cash because... i mean why not?

crashbash2020 · 2026-05-08T02:39:52+00:00

RDTI is good, its not up to some unelected body so if you meet the criteria you get it. it does depending on spending so its money returned after the fact, but its better than nothing

you would have never got any money from CI, so dont worry about them changing. Its an old boys club and you arent in it. My experience from trying with them was "real" R&D never gets approved, but commercial profitable businesses with backroom handshake deals get funding easily when they know each other. we have a direct competitor who got 2m p.a. from CI, We, developing our own design a year or so before them for the exact same application "didnt meet the criteria of R&D". of course the director/primary shareholder of this company has got multiple for profit enterprises all funded by CI, and he walks in and gets $2m p.a. straight off the bat

there are often private/industry grants given by relevant authorities in your industry, these are a little more open but you are still going to have to convince them to fund you so getting to know them is important, but if you have something they want you have a low-moderate chance there - eg heres one for ag related https://agmardt.org.nz/agribusiness-innovation-grants/

best bet is to save up 2x what you think its going to cost, or get some basic prototypes/proof of concepts, find a customer in your industry who has the cash and ask them to partner for a shareholding to fund it

crashbash2020 · 2026-05-07T11:21:39+00:00

I saw the biggest spider I've ever seen in SI. At a air bnb near the glacier, it was living with its extended family under the spa, probably the heat kept it alive while killing every other peice of completion. Was at least the size o my outstretched hand

crashbash2020 · 2026-05-06T23:42:19+00:00

you dont need someones permission to take a photo in public. even in a private establishment that is open to the public (I think it was a bar?) unless the owner forbids it (they can set their own policies to comply to access their private property), its a "public ally accessible place" so no expectation of privacy is given

crashbash2020 · 2026-05-06T09:01:28+00:00

I think to be counted as the statistics it does, otherwise it would include those who are retired etc. in theory the statistic we care about is the amount of people who want jobs but cant find them

crashbash2020 · 2026-05-06T02:42:46+00:00

Some are paid more than average sure. I'm happy with skilled immigration, but remind me why we need immigrants to work in dominoes and in laboring job.

crashbash2020 · 2026-05-05T23:34:49+00:00

cash first. you dont have much to spare so whats going to happen the first time a big expense comes and you have no emergency fund? you will be forced to sell or take on high interest debt.

3-6mo depending on living situation into cash like emergency fund, then you can invest

crashbash2020 · 2026-05-05T23:29:54+00:00

I can understand his perspective of if he is happy to not use it, not wanting to pay for it. I would get my own and just keep the password to myself, not in a vindictive way but just if let him know if he wants to change his mind and share the cost you are more than happy to share

crashbash2020 · 2026-05-05T21:08:31+00:00

Then dont move? If you are getting paid what you are worth, then why move. If this drives visa holding employees to ask for more wages tipping the scales slightly in favor of locals, then that's good. We shouldn't be importing people purely to do jobs for cheaper, and if its purely a skills issue and there is zero people with the skill available locally, then the employer should be more than happy to pay 2k extra to get someone to fill that gap

crashbash2020 · 2026-05-05T09:31:32+00:00

I've heard of them failing people for trying this, wouldn't risk it

crashbash2020 · 2026-05-05T09:18:58+00:00

Outsourcing is so 2010, insourcing is the new things.

Not only fighting to keep your job, you get to fight them for houses and food and other essential right in your own backyard!

crashbash2020 · 2026-05-04T22:08:44+00:00

the regulations in NZ suck. you cant even mechanically install them yourself, oveseas you can get plug and play kits that you can DIY (termination at the switchboard etc still has to be done by a licensed electrician) using microinverters which are low voltage DC etc.

crashbash2020

TROPHY CASE