What would you do to become debt free?
-
- Bluefin
- Joined: Wed Oct 01, 2014 4:21 pm
- Has liked: 72 times
- Likes received: 977 times
Re: What would you do to become debt free?
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]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.
Haha true nude up I know the feeling.
It’s a luxury, but one I wouldn’t go without
- Millzee
- Rank: Premium Member
- Joined: Mon May 29, 2017 9:15 pm
- Has liked: 42 times
- Likes received: 14 times
Re: What would you do to become debt free?
well I've got pretty good insurance on my wife...……………….. lol
-
- Bluefin
- Joined: Wed Oct 01, 2014 4:21 pm
- Has liked: 72 times
- Likes received: 977 times
-
- Rank: Premium Member
- Joined: Thu Dec 08, 2016 8:08 pm
- Location: The Ocean
- Has liked: 412 times
- Likes received: 609 times
Re: What would you do to become debt free?
:rofl:Millzee wrote:well I've got pretty good insurance on my wife...……………….. lol
-
- Rank: Flathead
- Joined: Wed May 04, 2011 11:19 am
- Has liked: 63 times
- Likes received: 40 times
Re: What would you do to become debt free?
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.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.
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.
- VooDoo
- Rank: Premium Member
- Joined: Sat Apr 28, 2012 4:42 pm
- Location: Rain Forest Over The Rainbow
- Has liked: 165 times
- Likes received: 192 times
Re: What would you do to become debt free?
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
___________________________
"VooDoo .... WhoDoo .... YouDoo .... VooDoo" The Bug (Bugatti) S.A. [2019]
"VooDoo .... WhoDoo .... YouDoo .... VooDoo" The Bug (Bugatti) S.A. [2019]
- Millzee
- Rank: Premium Member
- Joined: Mon May 29, 2017 9:15 pm
- Has liked: 42 times
- Likes received: 14 times
Re: What would you do to become debt free?
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:
-
- Rank: Premium Member
- Joined: Thu Apr 26, 2012 5:16 pm
- Has liked: 39 times
- Likes received: 356 times
Re: What would you do to become debt free?
Only pay land tax if the land is worth more then 250kpiscateur wrote: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.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.
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.