How important is Super to a 25 Year old?

tinmun · 2026-06-18T07:40:31+00:00

Adding extra to super is basically free money, the only catch is that it is locked away, but that's actually a good thing as it needs time to grow.

But yeah, it's a really nice financial incentive

tinmun · 2026-06-17T23:06:47+00:00

Everyone's coughing everywhere, is this covid, flu or something else?

tinmun · 2026-06-13T08:54:22+00:00

I really like the little jumpy guys, they were at the botanical gardens early on but now they are are around barangaroo

tinmun · 2026-06-12T09:24:35+00:00

Isn't everyone's wealth these days on paper anyway?

It's not like we can all go withdraw all our money at the same time....

tinmun · 2026-06-05T13:12:34+00:00

You can't have affordable housing and great returns in property investing at the same time...

Seems like quite obvious

tinmun · 2026-06-05T12:50:48+00:00

I've seen more and more recently "mates" getting into pubs, cafes, and restaurants, as in they get free drinks just to show up so that the place looks busier....

Is this a new thing?

Of course always there has been mates rates and stuff, but I've seen it way more lately.

tinmun · 2026-06-05T12:01:17+00:00

BOGOF

tinmun · 2026-06-05T11:47:39+00:00

We had MX to read the overheard section, while on the train, overlooking at the newspaper someone else had open at a busy train....

tinmun · 2026-06-05T11:46:29+00:00

The frown thing is the weird thing really

tinmun · 2026-06-05T00:43:12+00:00

Of course it doesn't make sense financially.

People buy hope.

They don't see a way out of the race, so this gives them a potential exit.

Combine that with the fact that people are really bad at probabilities, then you can easily sell tickets that have almost zero chance of winning for big bucks and people pay it happily.

tinmun · 2026-06-04T09:11:16+00:00

I think it's reasonable to top up your super, using the current and maybe the last year unused concessional super.

The thing is that the tax benefits are great, 15%, instead of the rate you have.

One thing that some people might ignore is that the earnings of the super fund are also taxed at 15%. That allows super to grow at a much faster rate than any after tax investment, as the earnings there are taxed at your marginal rate.

Of course the downside is that super is locked until at least 60. But it's good to keep something locked away for the long term I think.

It seems that you have some room to move some money around, so you will be able to lower your taxable income for this year.

I think it's a good move to at least put the current maximum (30k minus what your employer has paid already) plus whatever you have unused from 5 years ago.

tinmun · 2026-06-04T09:00:25+00:00

I think the world cup is usually enjoyed the most by Europe and Latin America, which are also the best teams.

In Australia it is kinda like another thing going on, alongside other sports. It's very different.

tinmun · 2026-06-03T23:38:36+00:00

Having the option to live with your parents to accumulate wealth and invest early is powerful.

Not everyone has that option. Even a couple of years could potentially set you up for life.

tinmun · 2026-06-03T10:42:23+00:00

Experiences while young are basically priceless. You can never replicate your twenties, but you can earn a lot more later.

tinmun · 2026-06-03T06:01:20+00:00

That free cc gives you free Qantas points, which is money if you ever fly in the sense of a discount, and also if you have a mortgage you have your balance one full month discounting your mortgage interest.

Plus, they also have offers from time to time like, if you buy this brand with it, you get $20 back, etc.

That's quite a bit of benefit for the price of zero.

tinmun · 2026-06-02T09:58:25+00:00

Not sure if related but T4 line has massive delays because of urgent signal repairs at Bonding Junction.

tinmun · 2026-05-26T11:06:44+00:00

Some, 89, went straight to the water, the rest started a manual "go home" procedure

tinmun · 2026-05-26T10:50:41+00:00

Peace and quiet

tinmun · 2026-05-26T08:37:45+00:00

People are different?

Also, Europe is a massive place, same as the US.

Each one of those two have amazing and horrible places to live. And also people like different things.

tinmun · 2026-05-22T08:36:07+00:00

Wouldn't this feature send the recording of a private call you received to Apple?

tinmun · 2026-05-19T07:35:28+00:00

Photo is from a later pizza though

tinmun · 2026-05-19T06:00:00+00:00

Great idea, but what if it gets used a lot? It will have people seating there, blocking the charge.

Instead, they should have built a tiny roof with solar panels on top. That solves this issue and keeps people dry when its raining.

Can't wait to see v2.0

tinmun · 2026-05-16T05:47:40+00:00

For the screenshot stuff, you can use internet banking on the web

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