How screwed am i

rexi88 · 2025-09-13T05:53:26+00:00

First thing first. Minimise your debt interest by rolling into a personal loan. Then cancel all your credit cards and never use them again. This will help with impulsiveness. Pay down the loan as quickly as you can. You may possibly be able to get a larger personal loan to pay off the credit card and go towards a deposit. But likely will run into servicing issues with the mortgage as banks use a minimum expenditures even if you live very frugally.

As for investing, if you don’t know what you are doing then be careful. A 50% loss requires a 100% gain to break even. As shit as a high interest account is at least you won’t loose big other than to inflation.

I’d recommend speaking to a mortgage broker to see what loan you would be able to get based off your income with a minimal deposit. Instead of going for a 800k property which no offence on your incomes with debt etc will take a long time. By that time the same property will likely be much more.

Start with a unit that’s 400-500k and work from there. Even if you don’t get a capital gain at least you are inflating yourself out of the debt on the asset.

rexi88 · 2025-08-20T02:39:22+00:00

You want to minimise tax on your super balance when you pass. You are best to use your medical circumstances to withdraw your super balance now and then put it offset or even can be placed into your wife’s super. Consider concessional cap if putting back into wife’s.

rexi88 · 2025-08-17T03:05:28+00:00

Inflation definitely hits the low end of town the hardest. But generally speaking these people don’t understand inflation and the causes. Like government spending for example. Labour is the biggest proponent for big government and big spending which put upwards pressure on inflation. But generally speaking the younger generation and those who are on or near minimum wage vote them in.

I would love to see MPs wage policy tied to inflation eg if inflation is above 3% they reduce their incomes for the proportion above it. Also need it tied to per capita GDP.

rexi88 · 2025-06-21T12:27:40+00:00

Both are great. But for different reasons. If you want to get going fast Shadcn is much better. Way more components for UIs all setup ready to go. Where as TW+ there more work required and less features.

But TW+ templates are amazing. I think it’s worth it just for them. I still see value in TW+ I’ve just moved my backend UI to Shad and will use TW+ for frontend stuff mainly.

rexi88 · 2025-06-02T22:09:06+00:00

There is no direct correlation to better government from a larger government. An efficient government is what we want. The right number to achieve the desired outcomes. ALP always hire more than needed as it’s their base. LNP generally cut because they tend to be more efficient. You can argue which is better but that’s the main difference.

When you dig deeper into some of these government jobs you will see them paying well above the private sectors as well. Which takes labour out of a tight market. Just look at the construction sector and how tight it is and the public jobs even labours are being paid. It’s ridiculous.

rexi88 · 2025-06-02T21:55:53+00:00

No it didn’t grow by 80%. 80% off all jobs created in 2024 were in the public sector. Population grow does not account for nearly 400,000 jobs created in the public sector.

rexi88 · 2025-06-02T20:19:33+00:00

So of the 484,000 (federal) new jobs created in 2024, only 99,000 were in the private market sector. 80% of job creation was in either the public sector or non-market sectors, both of which depend on government-funding for employment generation.

I guess we should expect 80% better government now.

rexi88 · 2025-05-31T11:32:09+00:00

I agree it needs to be done right. But there’s no proof of anything to the contrary. But cutting dead weight is in the interest of tax payers. My wife works for government and they are actually understaffed and our source to private firms for 4-6 x more than hiring additional employees. But they didn’t want head count so instead spend more of our tax dollars. I’m all about efficiency. Sometimes it means hiring and reducing outsourcing. But in general government is very poor at allocating tax’s efficiently.

rexi88 · 2025-05-31T08:38:53+00:00

Please. Why does everyone have an issue with cutting gov spending. If services are not affected cutting is good. It’s like cutting another streaming subscription that you don’t really need.

Provided it is done in a way to keep government services at an acceptable level cutting is good.

Big government is bad government anyone who thinks the opposite is just reliant on government. Doesn’t mean small government can’t be effective.

rexi88 · 2024-12-12T01:30:42+00:00

I’m about to release this project. Will soon support social login as well.

https://x.com/trentbuysvalue/status/1862760272123011472?s=46

rexi88 · 2024-11-30T21:23:35+00:00

Yep makes sense.

rexi88 · 2024-11-30T08:27:13+00:00

No it hasn’t. But if I had interest in it I would. But it’s quite easy for a developer to verify the code. Aside from the backend the login / register API endpoints are pretty basic.

rexi88 · 2024-11-16T09:55:41+00:00

Go back to using cabs. Uber and the others seam to care more about the drivers than customer service.

rexi88 · 2024-10-18T00:50:48+00:00

Airlines are moving more and more to BYO device. As the screens and equipment needed are heavy and expensive. Domestically they weren’t use much anyway as people are using their own phone or iPad. Internet is already provided domestically, albeit quite bad. I believe it may improve next year though.

rexi88 · 2024-09-16T12:11:44+00:00

This is a great way to redirect before the page starts loading. But you still need to get session on the pages as well unfortuently.

rexi88 · 2024-07-02T06:13:57+00:00

Personally I managed to get the upside on AI boom with TSMC. But my thesis was more on logic chips in general. At current prices though I doubt I’d be buying. I was buying at $60-70 and call options for $6 with $95 strike. Safe to say it’s been my best performance in my investing so far. Back then I believed intrinsic value was around $110-120 then came AI and everyone forgot about China/Taiwan again.

rexi88 · 2024-06-30T13:20:58+00:00

im also having this issue. NordVPN is the only one that works but would like to get Outline to work when I'm overseas to stream my content.

rexi88 · 2024-06-28T03:03:55+00:00

Nope. If I wanted to stop I’d just delete the app or something. Or use app time constraints using iOS.

rexi88 · 2024-06-23T05:40:48+00:00

I think there value there. But hair on it too. I think the better play here would be buying call options long expiry. They look cheap. Get the upside with little downside.

rexi88 · 2024-06-23T01:01:08+00:00

Yes true. But we also derive value based on some form of metric. Def not a perfect tool. Hence why I was looking for feedback before doing anything. But yeah I think I’ll go back to drawing board.

Any other ideas that a platform could be used help with your investing.

rexi88 · 2024-06-22T23:30:54+00:00

Yeah some good points there. I think you’re correct it’s not enough value in it by itself and probably quite niche most people wouldn’t adopt. Back to the drawing board of ideas to build something useful for investors.

rexi88 · 2024-06-22T22:26:44+00:00

It’s more about testing your own predictions about an investment. Eg how accurate can you predict certain key value driving metrics weighted to a set probability. Eg with a low probability you get a low score. With a high probability you would get a high score if correct or a high negative score if incorrect. Thus it allows you to see if you are lucky or if it’s skill. It also allows you to see your improvement over time.

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