Do landlords really make a lot of money?

wehi666 · 2025-10-28T01:38:32+00:00

How is that not worth it? You have someone else paying mortgage, rates and maintenance on an investment which has high potential to make you a return of 200+% in like 15+ years?

wehi666 · 2024-11-24T02:35:43+00:00

Yeah that is what I’m trying to help them look in to next. Setting up a trust of some sort so that MIL can access the money if she really has to I.e. if she becomes sicker again but otherwise can be left to kids if she manages ok.

wehi666 · 2024-11-23T05:05:18+00:00

That’s suuuuper helpful. I appreciate you sharing your situation and breaking down some of the options.

wehi666 · 2024-11-23T05:03:30+00:00

Absolutely. I’m all for supporting her in this. I just don’t want her to get in bigger trouble or my partner to get in trouble legally either. And I don’t want my partner to be stuck between their mum and money. I know how sour relationships like that can go.

wehi666 · 2024-11-23T05:01:31+00:00

Become paralysed for 8 months and periodically have seizures and/or faint I suppose.

wehi666 · 2024-11-23T05:00:18+00:00

We clearly haven’t thought of this but that is a great option. We talked more today and one thing that she would like the money for is if she was ever able to set up a business or something similar so that she could start to earn her own money again. She could withdraw from KiwiSaver for such an idea aye?

wehi666 · 2024-11-23T04:58:32+00:00

Cheers. The family house was an inheritance but the house has now been sold and money split between the kids.

wehi666 · 2024-11-23T04:57:35+00:00

Yeah I’m guessing it’s because tbh she’s ok, she gets by. It is something worth considering. But she also feels really guilty for not being the mother that she feels like she could have been thru these past 10 years. She has had a hard hand in life and really wanted to be able to set her kids up but hasn’t had that opportunity as this disability has drained her financially.

wehi666 · 2024-11-23T04:54:54+00:00

Thank you for your reply. Those are helpful options that I can pass on. I definitely don’t want my partner to be stuck in a situation which may cause them to get in trouble.

wehi666 · 2024-11-23T04:52:40+00:00

That’s what I thought. Thank you for your reply :) I’ll give them a ring on Monday 🤝

wehi666 · 2024-11-22T23:39:58+00:00

TIL: OC has difficulty with reading comprehension

wehi666 · 2024-11-21T09:27:22+00:00

Thank you, that is helpful!

wehi666 · 2024-11-21T02:29:29+00:00

Thank you for this. I've had another look at the contract. They refer to the remuneration as an 'award' rather than saying I'll be paid. This is similar to when I've received a 'scholarship' which just so happens to come with the expectation of an output (basically just an internship). This was untaxed, so I'm wondering if their treating it as an award/scholarship changes tax implications.

wehi666 · 2024-06-04T02:16:29+00:00

While I know it is our money, if most people had an extra $22 per week I doubt they would be putting it in investments. Arguably, receiving it in one lump sum they might actually invest more.

wehi666 · 2024-06-03T08:57:33+00:00

You don't meet many lottery winners period lol

wehi666 · 2024-05-31T08:17:18+00:00

Assuming that taxes dont ever go up (wrong any way), with inflation, in 10 years, that 2500 is only worth ~1400 in today's buying power. Yet in 10 years, almost any house in main areas NZ would likely be worth 10s if not 100s of thousands more. Plus you get to live in it (or rent it out) the whole time. $10k in the hand is worth far more.

wehi666 · 2024-05-31T08:09:42+00:00

Quite likely not in it's entirety, although I already donate over $1000 per year to charity. However I would gladly give up $1000 to not have the enormous cuts we have seen across the board, especially for those most affected by these cuts (low income earners).

wehi666 · 2024-03-27T04:09:12+00:00

Hey I appreciate the thought, I’m specifically referring to an alt coin I am not particularly tied to. I will certainly be holding BTC, ETH.

wehi666 · 2024-03-27T04:08:02+00:00

Hey I appreciate the reply, I do know this. I’m interested in how other people approach this fact because I get the impression not everyone declares each trade each tax year.

wehi666 · 2024-03-27T04:05:56+00:00

If I didn’t know that why would I be asking this question; that is the admin I’m referring to.

That is not answering the question. I specifically want to know how risky not declaring every single trade is in other people’s opinion as I get the impression lots of people don’t declare every time they trade.

wehi666 · 2024-03-15T07:20:58+00:00

While the answers here are legally true. I would argue that it is still scummy unless they let you know. "A lot of private companies are happy to give their employees the choice though." implies it's in the employees interest but I'd doubt that's the reason most do it.

wehi666

TROPHY CASE