Incomes What do you survive on

Going from self-employment to working stiff was real difficult for me. Gross pay was around half what I got before and therefore necessitated a change in lifestyle. On the other hand, having a regular income made up for that, and having paid holidays, oh joy :)

The other thing to think about is taking orders from the man :mad:

Here's an option:D

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Originally Posted by mittadisco

What an irrelevant self gratuitous question. You need to stop worrying about money and live each day as if it's your last. I'd think that most people reading this question as to how much you 'survive' on as being none of your business. And I'm not making any pontification as to what you should 'survive' on.

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Not at all, if you don't want to answer.........then don't;)

Depends on your situation, If you own your home, then you laughing, I'm on 110k plus O/T, my missus, works, probaly worth 30k, BUT, we live off her wage, I spend money I make wrecking Rover's on the shed and car's and my money goes on, nice things and pays for the house, we "COULD" easily drop to 60k combined and live much that way, But wouldn't be paying off my house at such a rapid rate:eek:

Company car's are fantastic things:)

I earn, she spends. 200k wouldn't be enough.
I have a couple of part time jobs, both pay more than my full time job. I just can't make the part time full time.
The other consideration is tax time:(:(You can't claim what you used to.:mad::mad:

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Originally Posted by Quiggers

Crikey! Where do I sign up?

GQ

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Don't know, but the work is associated with a new mine for Fortescue Minerals Group. They are living in single demountables about 150kms. from Karratha. He works 10 x 12 hour shifts, has 36 hours off, starts again on the other shift. He does this for 4 cycles and then has 10 days off. The employer flies him to Perth and thence to any capital city in Oz. and return for his 10 days off. He is not working directly for FMG but as a wages driver for a contractor. They apparently have a constant turnover of staff, owing to climate, isolation, domestic problems. He says the conditions are pretty rugged.

I'm in the service industry on a little under that and we have salepersons earning up to 200k however they are worst off than me.

Its not how much you earn as your debts are the bits that count.

Average income and low debt is way better that High income and high debt.

Why keep up with the Joneses?

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Originally Posted by disco2hse

The other thing to think about is taking orders from the man :mad:

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I'm looking at moving from self-employed to employed and that is certainly a consideration that it foremost in my mind. I like to do things my way!

Other comments are absolutely right. Low debt is the best thing and cash in the bank to call on at any time is a great comfort.

I probably could survive on 65k



But I like my liver and kidneys in my own body

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Originally Posted by UncleHo

"All Pensioners are well off" :eek::D:D:D:D


cheers

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Well, having worked at DSS, I can say this:- Any pensioner who receives a part DSS pension due to income or assets is comfortable. A pensioner whose sole income is the DSS pension is not. They are battling. DVA pensioners are generously treated, and, in comparison, quite well off, particularly TPI's who could almost be called rich. War widows and TPI's whose pensions predate 1985 are still entitled to receive a DSS pension also. This outrageous anomaly was stopped quite some time ago but those already double dipping were allowed to continue.

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Originally Posted by Brian Hjelm

Well, having worked at DSS, I can say this:- Any pensioner who receives a part DSS pension due to income or assets is comfortable. A pensioner whose sole income is the DSS pension is not. They are battling. DVA pensioners are generously treated, and, in comparison, quite well off, particularly TPI's who could almost be called rich. War widows and TPI's whose pensions predate 1985 are still entitled to receive a DSS pension also. This outrageous anomaly was stopped quite some time ago but those already double dipping were allowed to continue.

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Gee Brian,

I'm a TPI with a DFRDB super pension, and I would not say I'm rich :(

However I have far more spending money than I did as a WO1 in the Army :)

Tax went from $13,000 down to $4,000.
Wage compared to pensions was a lot higher, but the tax makes a huge difference.