What would you do to become debt free?

Everything that has nothing to do with fishing.
rb85
Rank: Gummy Shark
Rank: Gummy Shark
Posts: 1618
Joined: Thu Dec 08, 2016 8:08 pm
Location: The Ocean

Re: What would you do to become debt free?

Postby rb85 » Wed Jun 13, 2018 9:20 pm

smile0784 wrote:
rb85 wrote:
smile0784 wrote:
rb85 wrote:
smile0784 wrote:i run at a 2000 loss over the year but get it back at tax time dure to negative gearing the benifite is the property is going up but 20 grand a year in property value so even if i couldnt negative gear tenically im still beter off by 16k a year in gross profit when selling.


Congratualations on where your at truely wish you all the best.
Alternatively to investing in a house in Melbourne if an individual used compounding to grow their wealth without borrowing how would the returns compare?


What do you mean?
How to biuld wealth with property with out borrowing money?


The congratulations was genuine wish everyone here all the best.
Investing in not necessarily property but without borrowing money using compounding to grow your wealth investing in good companies some who invest in property but without having to go into debt to do so.


I wasnt douting your sincerity

I want sure what you were meaning about investing.


Investing comes down to what an individual wants to do.
If you go the sea change hopefully its all you want it to be mate.



Remove these ads.

Lightningx
Rank: Mako Shark
Rank: Mako Shark
Posts: 8030
Joined: Wed Oct 01, 2014 4:21 pm

Re: What would you do to become debt free?

Postby Lightningx » Wed Jun 13, 2018 9:24 pm

What an entertaining thread this ones turned into be :rofl:

rb85
Rank: Gummy Shark
Rank: Gummy Shark
Posts: 1618
Joined: Thu Dec 08, 2016 8:08 pm
Location: The Ocean

Re: What would you do to become debt free?

Postby rb85 » Wed Jun 13, 2018 9:31 pm

Lightningx wrote:What an entertaining thread this ones turned into be :rofl:


:thumbsup: it’s still got legs.

smile0784
Rank: Premium Member
Rank: Premium Member
Posts: 6376
Joined: Thu Apr 26, 2012 5:16 pm

Re: What would you do to become debt free?

Postby smile0784 » Wed Jun 13, 2018 9:36 pm

Thanks.
I think after 18 years of nights i need a change for a while and to do that i need to lower my outings and create financial secrity for the family with no debt for if anythingwas to happen to me.

smile0784
Rank: Premium Member
Rank: Premium Member
Posts: 6376
Joined: Thu Apr 26, 2012 5:16 pm

Re: What would you do to become debt free?

Postby smile0784 » Wed Jun 13, 2018 9:38 pm

Lightningx wrote:What an entertaining thread this ones turned into be :rofl:


Yep few strong opinions coming out

Lightningx
Rank: Mako Shark
Rank: Mako Shark
Posts: 8030
Joined: Wed Oct 01, 2014 4:21 pm

Re: What would you do to become debt free?

Postby Lightningx » Wed Jun 13, 2018 9:43 pm

smile0784 wrote:Thanks.
I think after 18 years of nights i need a change for a while and to do that i need to lower my outings and create financial secrity for the family with no debt for if anythingwas to happen to me.

Sounds like a plan mate :thumbsup:



Remove these ads.

Nude up
Rank: Kingfish
Rank: Kingfish
Posts: 5038
Joined: Thu Aug 08, 2013 5:08 pm
Location: out west

Re: What would you do to become debt free?

Postby Nude up » Thu Jun 14, 2018 12:08 am

I have worked for the same company now for 31 years I work 4 days on 4 days off 12 hr shifts if I counted the hours of overtime I have done in the last 30 years I should have retired 10 years ago. It’s called hard work if you want things in life no one will give it to you. I have made a great life for my family since emigrating from England but only by doing the hard yards .

smile0784
Rank: Premium Member
Rank: Premium Member
Posts: 6376
Joined: Thu Apr 26, 2012 5:16 pm

Re: What would you do to become debt free?

Postby smile0784 » Thu Jun 14, 2018 12:16 am

Nude up wrote:I have worked for the same company now for 31 years I work 4 days on 4 days off 12 hr shifts if I counted the hours of overtime I have done in the last 30 years I should have retired 10 years ago. It’s called hard work if you want things in life no one will give it to you. I have made a great life for my family since emigrating from England but only by doing the hard yards .


Soyou thinking imtaking the easy way out ?

Nude up
Rank: Kingfish
Rank: Kingfish
Posts: 5038
Joined: Thu Aug 08, 2013 5:08 pm
Location: out west

Re: What would you do to become debt free?

Postby Nude up » Thu Jun 14, 2018 12:34 am

No not at all life is what you make of it, I have a great job in a very limited industry it comes with a good salary and a great lifestyle but you compromise due to shift work with family and friends. Not everybody is in the same boat. I know people who have given it up for family and no shift work there is no right or wrong you have to make that decision for You and your family. I know for me it has been the best decision of my life to emigrate to Australia the opportunities and experiences I have had I don’t believe I would have got in the UK.
What you have to consider is can you still provide for your family if you move to say lakes entrance. It’s ok having no morgatage but you can not live on the dole. Remember you have to consider your kids will they find work will they get the education you want for them.

Lightningx
Rank: Mako Shark
Rank: Mako Shark
Posts: 8030
Joined: Wed Oct 01, 2014 4:21 pm

Re: What would you do to become debt free?

Postby Lightningx » Thu Jun 14, 2018 8:30 am

100% agree with life being what you make of it :thumbsup:



Remove these ads.


Return to “Off Topic Forum”

Who is online

Users browsing this forum: No registered users and 5 guests