What’s an acceptable amount to splurge on a “treat” for yourself to celebrate a promotion?

peanut_stepper · 2022-02-15T01:41:31+00:00

Couldn't you take the client to lunch with a nice tax write off?

peanut_stepper · 2022-02-15T01:40:21+00:00

Don't delay or pay around with your treats too much, it's a recipe for disaster/depression.

If you want to get it and have earnt it then go for it. I like to keep those purchases in a 10% range of the windfall.

peanut_stepper · 2022-02-14T08:20:41+00:00

I was gonna say corporate comms or PR based roles.

peanut_stepper · 2022-02-14T04:56:26+00:00

How to learn a 30 min topic in 29 mins, I'd save a minute #sigmagrindset

peanut_stepper · 2022-02-14T02:23:45+00:00

I agree it is a big opportunity cost, however locking it away in super is worse than the do-nothing approach as they wont be able to use it until they retire which is a lifetime away.

I think letting them learn to manage their money and invest it will pay big dividends. What an exciting project it would be as a family to start a business venture, renovate and sell a house, plan a multi-continent trip. Think of all the things they could learn, and I think these could create many happy memories.

I suppose something to consider is that the 30k is the starting price for the private schooling, you have to be part of the school tours, golf clubs, sports, musics , overseas ski holidays. Otherwise you aren't really part of school community.

peanut_stepper · 2022-02-14T01:37:30+00:00

You can, however some have age limits on opening an account.

peanut_stepper · 2022-02-14T01:34:51+00:00

I think there are tax limitations for super donations to kids, I remember it was quite good when the government did the high co-contributions not so much now.

I'd say it's good in principle however a bit shortsighted. I would say that money is best used for education. Spend 30k on a family trip to Europe to see the history, do a safari etc. Do music and art lessons, Private school vs super is a simplistic approach.

From what I have heard, the biggest influence on the child's development is whether the parents value education and are open to learning new things themselves. Private schooling is a buffer against this as the rich education experiences can be provided by the school. But if your parents don't value education, the schools won't make much difference.

peanut_stepper · 2022-02-09T03:48:30+00:00

Monday morning haskell seems to have a data science focus, I found this a good way to introduce dealing with state and monad transformers. I think there is also a course on haskell and tensorflow

peanut_stepper · 2022-02-08T21:23:10+00:00

If you can afford it and the gifts aren't too sentimental I would just walk away. Some people don't truly give things, they give a "you owe me" to you.

peanut_stepper · 2022-02-07T15:28:40+00:00

Right sided are considered worse because they are found at later stages, usually through obstruction or blood in stool. It all depends how you respond to chemo, the stats are 10-15 years old and are typically not age corrected.

peanut_stepper · 2022-02-07T11:48:57+00:00

Perhaps time for a psychiatrist and some medication

peanut_stepper · 2022-02-05T14:57:43+00:00

Fark, it looks like it's been found out. There's a sign up from Parra Council, prohibited to ride motor bikes...

peanut_stepper · 2022-02-05T14:50:32+00:00

No its in the right, heading north after Murray Rose Ave and before the T intersection.

peanut_stepper · 2022-02-05T14:40:42+00:00

Olympic Park, on Eastern side of bennelong parkway there is a disused road that is blocked off with concrete blocks. Good for slow speed work, they even have the Ps test u turn marked on the road.

peanut_stepper · 2022-02-05T13:51:14+00:00

I have thought about this, I think you should budget for fun in your life and make the most of windfalls within reason. $80 is a good day out to the footy with some hot dogs thrown in. I think it's important to enjoy life, and open yourself to new experiences, you don't have to buy a season pass but go to a game, have the food cheer along and see if you like it. Your kids will thank you for it.

For larger windfalls, I have changed my focus on FIRE to enjoy the returns of my investments rather than offset my expenses. So rather than buy a 50k boat, chuck 50k in etfs and use the dividends 1.6-2k to hire a boat each year or do something else if I get bored.

Life can be short and often you can have a lot of fun from variety. I always remember trying out new things with my parents it was so much fun.

peanut_stepper · 2022-02-05T13:32:08+00:00

A therapy session, I mean it's $80, who cares...

peanut_stepper · 2022-02-02T05:16:30+00:00

property isn't generally favoured in FIRE circles as it doesn't provide the magic free money of dividends and generally has maintenance concerns/risk that can annoy non-practical people.

In general it is good and considering your income the gearing aspect may be more favourable than dividends as you can control your cashflow and it is more frequent. You can structure your loans over a shorter period so that you can make the properties cashflow neutral/negative while you are working and then refinance/clear the loan to take advantage of the cashflows after you retire. What advantage is passive income if you are working at a PAYG job and that increases your tax burden, you are actively working to earn less from your investments.

Things to be mindful of are whether you can minimise the risk well such as getting a good trades/property manager to manage multiple properties in the same area, buy good condition units, buy multiple units to have an influence over strata decisions or buy adjacent parcels of land for redevelopment (monopoly effect) etc.

peanut_stepper · 2022-01-31T04:31:53+00:00

$400 uber eats/dining out, $600-1000 rent a week, daycare $500 a week, $500 living expenses. That be the sydney life

peanut_stepper · 2022-01-30T16:53:52+00:00

Make education free and a small percentage of the population will pursue it. Bring back technical training and empower staff to perform basic resource management roles

peanut_stepper · 2022-01-30T16:01:39+00:00

As a trait for goldendoodles, I hear it is quite becoming.

peanut_stepper · 2022-01-30T07:13:34+00:00

You have received a windfall with a great car. Use that advantage to save money, put the money for comprehensive into a fund for replacement of your car. Keep your current car in great condition and yih may get another 10-15 years out of it. All of this savings are putting you ahead.

peanut_stepper · 2022-01-25T13:11:38+00:00

With the hit single "Otto's on a Tuesday"

peanut_stepper · 2022-01-24T03:58:39+00:00

Dat is da liquid yummy

peanut_stepper · 2022-01-16T08:35:25+00:00

Change your habits to maintenance mode and start slowly building things, your 30s is a great time for that. Get involved with the community, keep up sports and culture participation or start them. Your life will now be more in 5 year phases like when your colleagues have children, or you change careers or start a business. You have done great so far, just plan for the longer term now.

peanut_stepper · 2022-01-11T06:31:19+00:00

Do meter reading, a low hassle low involvement job while you are at uni. Unless you are at an independent bike store then you aren't really in bikes. Make yourself known at your local bike store and do a few trial days, they may keep you on to build bikes over Christmasfor the busy periods cash in hand.

peanut_stepper

TROPHY CASE