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I haven't even heard of it

Well some generalisations just have to be made. Eg apples are good for you, well too much is not good too. Anyway what you said about how hard it is to get a job etc is not necesarilly true. The places that you say only take 10 graduates out of 1000, or maybe try 2 people out of 5000 which...

That's quite contradictory. On the one hand, you say that many parents from previous generations had it tougher and couldn't even afford food. Yet on the other hand, you finish your whole rant with a "But" families this generation will struggle even more (due to relatively higher house...

As said - all that education and advantage by birth etc just to end up in a 100k job is alright, but nothing to boast about. http://www.heraldsun.com.au/news/national/laundry-staff-can-earn-more-than-420k-a-year-on-offshore-construction-projects/story-e6frf7l6-1226027779689

Lol, he probably expected as much too.

What happens if it goes to 1000%? Or fall to -14%? Imagine the banks pay you interest for borrowing money off them

Not sure if $29k was considered high back then. But assuming it's middle of the road for corporate Australia, here's some food for thought: 15 Years Ago $170k price $29k salary 14% interest rates Now $600k price $62k salary 7% interest rates Grants

Gen Y makes me irk when they: - proclaim they're some sort of greenie, but are the first to demand a new car and take a loan in the process of doing so; - complain about how expensive and hard life is but then spend their weekends drinking, take gap years during university, travel to...

I didn't mean you were looking down on people - I was talking about whitewhatever. By the way, the splitting 2 bedrooms into 3 was in a magazine the other day - that wasn't you was it? By the way, interesting read (your post).

Not sure what there is to look down on... plenty of people here have had equal if not more success when they were young or in fact when they were 21: educationally, career-wise and just financially. Earning 6 digits today is also not as impressive as doing it when some of us did it when we...

When you find a truly laissez faire liberal society, let me know.

Not sure what the issue of meddling in the markets is... that's the way life and civilisations are. Least they're not riding knights into your city and scything your arms off

Oh - I heard you met someone I knew ... waste of skill/time in a sense (ie me). Between me and the guy you met, there's someone done and dusted and retired at 25 already. Not the smartest guy in the room, let's just say (though his creds weren't bad too).

Well I wouldn't too, if that's all there was to it.

Yea, though I do agree most are like that and it's probably a fair call. However, not all are like that.

Hey well said. I used to think like him too when I was 20. These days I just put my head down. I probably have a similar background to you and made more than him at 21, not to mention time value of money... but in hindsight it was so silly to think anything of it. Exchanging time for money in a...

Yea, well, when people say 6 figures you normally don't think of barely 6 figures I guess.

True... I guess if it's $100k you can't.

Not sure for you, but when I was around 21 and earning 6-figures, I'd save around $2k a week?

Not sure if you meant interest + repayment, but $600 a week in repayments = buying a $800k property or so. Won't be renting that for $200.