What would you do to become debt free?

Everything that has nothing to do with fishing.
smile0784
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Re: What would you do to become debt free?

Postby smile0784 » Thu Jun 14, 2018 10:06 pm

Cant put a price on enjoyment amd fun



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Lightningx
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Re: What would you do to become debt free?

Postby Lightningx » Thu Jun 14, 2018 10:23 pm

Nude up wrote:I'll tell you one of the worst investments I ever made regarding return, owning a bloody boat !.
But you cant put a price on enjoyment I suppose. :-D


Luckily I have never put a price on my boat and fishing gear I probably could retire now if I had invested that money.[/quote]
Haha true nude up I know the feeling.
It’s a luxury, but one I wouldn’t go without :)

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Millzee
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Re: What would you do to become debt free?

Postby Millzee » Thu Jun 14, 2018 11:37 pm

well I've got pretty good insurance on my wife...……………….. lol

Lightningx
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Re: What would you do to become debt free?

Postby Lightningx » Fri Jun 15, 2018 4:01 am

:rofl:

smile0784
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Re: What would you do to become debt free?

Postby smile0784 » Fri Jun 15, 2018 4:56 am

Are you planning something we dont know about lol

rb85
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Re: What would you do to become debt free?

Postby rb85 » Fri Jun 15, 2018 6:57 am

Millzee wrote:well I've got pretty good insurance on my wife...……………….. lol


:rofl:



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piscateur
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Re: What would you do to become debt free?

Postby piscateur » Fri Jun 15, 2018 11:01 am

4liters wrote:One thing that irks me is property investors saying how hard they worked for it without giving credit to the taxpayer funded handjob they’ve been getting over the last 20 years in the form of negative gearing and the CGT discount. Like sure, they probably worked full time plus a bit of overtime, but let’s not pretend the system isn’t weighted heavily in their favour.


Can't agree with this. This Gov will look at every opportunity to tax you. Negative gearing only exist because the Gov wanted to tax the earnings, so to say its a Taxpayer funded handjob is completely off track. People working hard in life to get ahead shouldn't "irk" you.

Let's look at it this way if you have a positively geared property, you've pay your Deposit, Stamp Duty, your 20% equity,and your loan repayments with post taxed $$, your income from the property is taxed, and when you sell it at a profit there's CGT. you also have to pay a yearly land tax for rental properties. The system is heavily weighted against earning more.
It will be the people that have have sufficient investments that won't be draining the pension at the end either.

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Re: What would you do to become debt free?

Postby VooDoo » Fri Jun 15, 2018 2:28 pm

Millzee wrote:well I've got pretty good insurance on my wife...……………….. lol



Hmmm .. better watch your back Millzee!!!

you sure your better half hasn't insured you for double the payout amount already??????

but at least there will definitely be a winner (and debt free) in your household :)
-------------------------------------------------
Born To Fish .. Forced To Work

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Millzee
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Re: What would you do to become debt free?

Postby Millzee » Fri Jun 15, 2018 11:52 pm

VooDoo wrote:
Millzee wrote:well I've got pretty good insurance on my wife...……………….. lol



Hmmm .. better watch your back Millzee!!!

you sure your better half hasn't insured you for double the payout amount already??????

but at least there will definitely be a winner (and debt free) in your household :)



I'm sure she might have, lol. Keeps allowing me to go away fishing so she can get used to being alone :rofl:

smile0784
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Re: What would you do to become debt free?

Postby smile0784 » Sat Jun 16, 2018 1:48 am

piscateur wrote:
4liters wrote:One thing that irks me is property investors saying how hard they worked for it without giving credit to the taxpayer funded handjob they’ve been getting over the last 20 years in the form of negative gearing and the CGT discount. Like sure, they probably worked full time plus a bit of overtime, but let’s not pretend the system isn’t weighted heavily in their favour.


Can't agree with this. This Gov will look at every opportunity to tax you. Negative gearing only exist because the Gov wanted to tax the earnings, so to say its a Taxpayer funded handjob is completely off track. People working hard in life to get ahead shouldn't "irk" you.

Let's look at it this way if you have a positively geared property, you've pay your Deposit, Stamp Duty, your 20% equity,and your loan repayments with post taxed $$, your income from the property is taxed, and when you sell it at a profit there's CGT. you also have to pay a yearly land tax for rental properties. The system is heavily weighted against earning more.
It will be the people that have have sufficient investments that won't be draining the pension at the end either.


Only pay land tax if the land is worth more then 250k



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