Thread: The rich get richer.... Poor get...

Originally Posted by Eevo

Negative gearing should be removed. It encourages bad investment.

There are two reasons for negative gearing. The government is trying to encourage people to become self funded in retirement, as there can't be pensions in the future.

The second is that there is a shortage of rental housing, and if the private sector does not invest, the government would have to do it, which they don't want to, as we all know that governments aren't very good at managing things

This is why it is highly unlikely that negative gearing will be abolished

Originally Posted by BigJon

I know it is obvious, but you would be surprised as to how many people can't see the wood for the trees.

If you actually took it on board it would really help. Household budgeting is very simple economics, unfortunately it is a skill which is almost unknown, or so it seems.
I think that there should be a much higher emphasis placed on financial education at school. Most people learn about money from their parents and most peoples parents have poor money skills.
I realise that is a generalisation, but I think it is one that happens to be true.

I agree 100% with you on this one ,all through my schooldays , plus collage I like many others were never taught about any form of finance and its control , I have also advocated that schools should put at least basic financial education on the curriculum , as I feel It is an important life skill .!!..

Originally Posted by VladTepes

My story is similar but compared to me you are rich !

You might have had to work every dayof teh week but I had to invent a whole other day just toget enough work done ! An eight day working week !




Seriously though... wealth is purely relative. (and I wish I had some horribly wealthy sick elderly relatives!)

your lucky , you had it easy I had to work for a $1 a day ,then pay the boss $1.50 back because he was good enough to give me a job , but then my fortunes changed I found a $1 brought a scratchy and won $10 and brought a loto ticket and WON $25,000,000 so now I don't give him the $1.50 I work for nothing because I'm a good bloke !!..I've always been a ball****er ....

Originally Posted by jimr1

If this is true , don't you think she has left it a bit late , to make a coria change , and if so who is going to give an 85 year old a job , CV. will say experience cleaner all my life ,but I do have a degree !!..

Many people don't pursue higher education to enhance their career. Some just like to study. Some are professional students. I suspect the lady in this story wanted the life experience.

Originally Posted by Chucaro

I agree with some of the points in the previ want and ot evading tax in any way, shape or form. Of course, I am minimising my tax. Anybody in this country who does not minimise his tax wants his head read. I can tell you as a government that you are not spending it so well that we should be donating extra.
Kerry Packer

When you look back at Kerry Packer , his wealth didn't bring him good health ,far from it . Looking at his story I don't think It even brought him happiness . Did he ever get to see grandchildren ? life is a very preciouses gift , some people never learn how to appreciate it !!..

money cant buy happiness, but it can buy a yatcht big enough to park up next to it

Originally Posted by jimr1

When you look back at Kerry Packer , his wealth didn't bring him good health ,far from it . Looking at his story I don't think It even brought him happiness . Did he ever get to see grandchildren ? life is a very preciouses gift , some people never learn how to appreciate it !!..

I agree with you, money for me it is not important, health and clean conscience to be able to sleep in peace in wealth for me.
My wealth is to have a happy and healthy family and enjoy good quality time with them.
In the case of Packer wealth did not brought bad health, for sure if he was poor still will be sick.
When a person is sick it is nice to have enough money to be comfortable and have good medical attention.

I'll consider myself rich when i can finally get out of the casual, contract sector and into permanent [ full part or job share] work. I feel a certain amount of envy for those collecting benifits. At least they know where the next dollar is coming from and if smart budget accordingly. Lurching about from a bit here to a bit there is not a life or a future. Soon I will start considering the selling of my car as the costs are outweighing the income of late. But then hamstrung by the proviso of needing a car to be on the agency books. Time to call the agency again to let them know Im alive and another troll through seek. Living the dream