Search results

Diluting milk.... I'm glad Kathryn doesn't get to define what retirement is.... I'd rather work. :O

Not sure on the exact numbers, but a friend of mine worked 30 hours a week at PH whilst in uni, taking in 35k at 19 yrs old. At full rate and 38 hours that would be significantly above minimum wage. Whilst I was in uni I worked doing unskilled labour, working somewhere floating between 32-40...

I'd argue that most people beyond those with extreme circumstances (disability etc) with enough time and minimal education be able to expand their employment opportunities beyond the minimum wage of $30,600. Because even working at Pizza Hutt will pay you more! I'd argue it is better...

If they've got no family, no where else to live, one would assume they are renting currently. Where do they pull the 6 months rent you offered? on a $365/week place, that's just under 10k. Then furnishing the place, bond etc. All this effort, when it could be spent getting a job which pays...

Socialist was tongue in cheek ;) Now that's moving the goal posts again! So not only is the landlord going to accept a person who is renting for more than they make a week, AND accept three other boarders whilst not receiving the premium the first tenant is receiving, but they ALSO will let...

Kathryn's version of thriving on minimum wage: *Get paid 20% above what the actual minimum wage is. Minimum wage is $15.51 or $589.30 per week. * rent a property for more than you earn a week. (After tax is $528.77) * manage to get accepted for the property etc. Find three boarders who will...

Good work, but the problem is that whilst 45k is indeed not a lot of money, it is still $15,000 over the minimum wage, essentially what you managed to save over that entire year. Without those extra funds the bank would also look upon you (even) more poorly.

Well this just crashed and burned. As mentioned, the ability to save on such a small wage requires a large numbers of years to attain a deposit and in an upwards market you could potentially be constantly outgrown through CG. Meanwhile you'd have difficulty borrowing to buy. A good...