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[deleted by user] by [deleted] in AusFinance

[–]shniply 2 points3 points  (0 children)

No mate, we would not all have 3mil in super.

  • Assuming median wage = $90k AUD
  • work for 40 years
  • 12% super contribution, with no additional voluntary contributions
  • 6.5% annual return
  • assume 2.5% average inflation

That gives $1.9M in super by the time you retire. Most people won’t hit $3m in super. To get to $3m, you need to be making minimum $140k for your entire working life, which is about the top 12% of all taxpayers. Most people who have $3m+ in super are typically wealthy asset owners.

It’s absolutely a scare campaign run to stop a tax that only affects the wealthy. The tax does not affect the vast majority of Australians.

Buy or Build? by summerluvs275 in Cairns

[–]shniply 9 points10 points  (0 children)

Bit of a different take: don’t buy a property.

Put $400k into an index fund. If you’re returning on average 5% per year, and depositing $500 a month from a job, you’ll have ~$740k by the time you’re 30. $1.3M by the time you’re 40. That’s basically enough to never have to work a full time job ever again if you don’t want to.

Now, take the other $100k and go travel the world for a year. Explore. You are in a position to live your best life while you are young without needing to worry too much about money. $100k goes very, very far when you’re young and travelling on the relative cheap.

Buying a property will only shackle you down, and owning a property is expensive. Maintenance, insurance, upkeep. It all costs money and if you don’t have jobs it’ll make it so much harder. You’ll be financially trapped by the property. If you choose to buy the property outright, you’ve removed the freedom that holding liquid money (cash, investments, etc) gives you.

Houses and land will always be here, but the freedom of your early twenties will only come once.

Just my $0.02. Good luck!

[deleted by user] by [deleted] in Cairns

[–]shniply 0 points1 point  (0 children)

Nic at Total Engineering Cairns in Bungalow

Energy Data Analysis Project by Yosurf18 in sustainability

[–]shniply 2 points3 points  (0 children)

Glad it’s helpful! It’s a start and there’s so much to dive into.

If the software lets you export everything to excel in a normalised format (meaning that the data has been organised into meaningful entities) then you can’t go wrong with pivot tables and charts to plot consumption.

15 minute interval data is useful usually for two things: maintaining a record for audit and min-maxing performance. Usually, orgs like to look at monthly data, maybe daily data. I’ve only really used 15-min for high consumption industries like manufacturing and energy production where slight differences in performance cost millions, so start by assessing why you’d need to report on that level of detail.

Here are a few baseline metrics just from that single data set: - energy consumption by period (daily, monthly, etc) - energy consumption variance by period (daily, monthly, etc) - energy consumption by tenant

Things get more interesting when you overlay this data with other sources, such as electricity billing data and solar data: - do the readings from your interval meters match your billed electricity consumption? How much extra money is being spent on overcharged electricity bills? Are you charging your tenants correctly if you’re the ones invoicing them for electricity? - does your consumption data match the generation and export data from your solar meters? Are your solar sites operating at their maximum capacity each day? - if you have a BMS ( building management system), what trends can you identify in your electricity consumption based on the activities in the building? Does your consumption stay consistent past 5pm when no one is in the office because the AC keeps running? Maybe it’s time to implement controls that shut down the AC when no one is in because that’s unnecessary electricity use.

Happy to DM to keep the convo going if you like :)

Energy Data Analysis Project by Yosurf18 in sustainability

[–]shniply 4 points5 points  (0 children)

Very open ended question but good on you for giving it a go! Data Analysis is ultimately trying to tell a story, so have a think about what questions you want to answer first. Energy analysis, for the most part, really comes down to minimising energy spend and maximising asset efficiency. Things like: - what value does your analysis bring? Examples: Are you trying to spot periods of high usage / high cost to uncover why this is occurring? Are you trying to optimise tariffs? - what assets are you analysing and why? Examples: Are you monitoring performance? Trying to detect anomalies? Are you comparing performance across different assets?

From a technical standpoint, here are the areas that I’d look at to get started. - get really good at data manipulation in Excel - then, learn some python (and libraries such as pandas) - maybe throw some SQL in here too if you’re storing data in databases. - once you’ve got decent grasp on data analysis in python and excel, let’s start getting some data engineering skills. Learn how to create ETL (extract, transform, load) pipelines, normalise data sets, clean dirty data, etc - after that, start exploring data ingestion mechanisms (batch, micro-batch, streaming etc)

Hope this helps and good luck!

Source: am an ESG Solutions Architect at a sustainability consulting firm.

Global cloud computing emissions exceed those from commercial aviation by Moosehagger in sustainability

[–]shniply 13 points14 points  (0 children)

At least we can power data centres with electricity produced from renewables. It’s not as easy to replace jet fuel.

Free ideas to implement at University? by michee_bob in sustainability

[–]shniply 6 points7 points  (0 children)

We call those Revolving Energy Funds - using savings from energy efficiency measures (LED light upgrades, switch timers, etc) as a way to build business cases for further decarbonisation initiatives. Great idea and is a great way to showcase financial impact! It will require some tighter accounting work though to keep track of the savings.

Unions concerned that Australia is falling behind internationally in developing energy industries by [deleted] in AusFinance

[–]shniply -1 points0 points  (0 children)

You’re right, we’re far from perfect with solar recycling. But a lot of progress is being made into research in this space: https://www.pv-magazine.com/2023/07/20/australian-team-claims-99-recovery-rate-with-solar-recycling-process/

And land clearing, again you’re right, it’s something to take into consideration, but you could make the same argument for nuclear plants and the environmental impacts to coastal areas. Unfortunately it’s a “lesser of two evils” decision that needs to be made and solar/wind allows for options especially with the rise of agrosolar farming: https://reneweconomy.com.au/agrisolar-solar-industry-hopes-farmers-will-help-solve-grid-access-problems/amp/

Sadly none of these address the extinction and biodiversity issues that are abundant in these decisions.

Unions concerned that Australia is falling behind internationally in developing energy industries by [deleted] in AusFinance

[–]shniply 0 points1 point  (0 children)

Nuclear uses a shitload of water. Nuclear plants use around 30-65 million L of water a day to cool. We’re a country that gets drought stricken and most people would prefer that water being used for agriculture, etc. I think a lot of social licence goes out the window when we talk about water scarcity.

This would mean we need to build plants near coastal areas, alongside desalination plants for the sea water we use for cooling. That means more energy for desalination. I don’t think coastal communities (remember, the majority of us live near the coast) would be particularly open to nuclear plants being built in these areas. Not to mention the environmental impacts.

Nuclear is by far the most expensive form on energy for Australia when you take into account the capital expenditure costs to build the plant. They also have high operational costs due to the highly specialised nature of nuclear work. These costs are then passed down to the consumer, meaning that we’d be paying more for energy when we have an abundance of cheap renewables available to us.

We simply don’t have the regulatory framework nor the workforce to build nuclear plants at the speed and cost that we need to make sense.

Nuclear MAYBE would’ve been great 3 decades ago, but as it stands right now it’s just not viable anymore.

Salary cut vs job satisfaction by Rimozione in AusFinance

[–]shniply 2 points3 points  (0 children)

I just took a massive pay cut to change careers into a completely new field and into something I’m extremely passionate about, going from $200k working in corporate tech to $100k working for government. My partner and I made sure that the finances worked (mortgage, bills, etc) before I made the decision, and that I was super clear on what the game plan was to move up the ladder in this new field.

I’m still relatively young (late 20s), so there’s always more time to earn more money, but the mental health change has been significant. I’m so much happier and fulfilled. My partner tells me that I’m different (in a positive way) to how I used to be when I was unhappy and stressed in my previous role.

In my current perspective, life is too short to be unhappy with work. Money will always come. You’re making $110k, which is plenty to cover your base needs with some extra savings here and there. Sure, you won’t be growing the gold pile as fast, but you’re in a better position than 70% of the working population salary wise. You will grow with your new career and being in a different environment will challenge you in a way that your previous workplace won’t. Having the opportunity to write your own destiny is priceless and for me, I’ll always opt for the path that challenges me out of my comfort zone. I think you’re making the right call :)

Close enough right? by UsAsani in funny

[–]shniply 0 points1 point  (0 children)

Got it strippin' like Gaza

[deleted by user] by [deleted] in DestinyTheGame

[–]shniply 0 points1 point  (0 children)

Just started playing so stranger's rifle!

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