LOL! Thankyou! Although I don't really think I'm all that special.Wow Skater, I knew you were awesome, and your story confirms it. Cheers
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LOL! Thankyou! Although I don't really think I'm all that special.Wow Skater, I knew you were awesome, and your story confirms it. Cheers
That statement gets chucked around here far too often from my experience.
If it was that easy to increase your income, everyone would be doing that.
Not saying it's impossible, more futile than anything...for many folks - especially in a reasonably short time frame.
Doing extra courses, extra hours etc is an option, but when families are involved in one's life - as is the case with many, then problems with your simple answer to the problem occur.
But it is not futile if you do it right. If you look for deals that don't cost you anything! And don't forget, that many people don't have the means to increase their income.
Telling people to go increase their income is a slap in the face. It says, "you're not as good as me, because I'm a big-wig earning twice what you make. Unless you can rise to my level, you are just not good enough". Well, I'll tell you what, I've seen many very high earners living pay cheque to paycheque. Just scraping by, by the seat of their pants, because they are so focussed on 'looking good', or buying toys, or trying to impress others, or just basically poor money management skills. I've also seen the reverse, with someone on a low income doing well for themselves, by living within their means and investing what they can.
It doesn't matter what you earn. It only matters what you do with it. Of course, the more you earn, the easier it SHOULD be, but that isn't always the case.
A little off topic, but somewhat related. There has been a shift in expectations over the past couple of decades in relation to the standard of living. You can see this attitude being expressed by people wanting to buy their first home in inner suburbs and not being willing to start with something of a lesser value (more affordable) further out. This leads to the notion of a housing affordability crisis, which really means 'I can't afford to pay 1.5 -2 mil for my first house in a suburb like Kew', so there really is a problem!
This is not an affordability crisis! It's a reality crisis!
Get real, problem solved!
This is not an affordability crisis! It's a reality crisis!
Get real, problem solved!
"you're not as good as me, because I'm a big-wig earning twice what you make. Unless you can rise to my level, you are just not good enough".
Although I value everyone's input on the forum, it's the successful low-income investors who really inspire me.
I always find this mindset somewhat intriguing. Its almost as if 'they' (those high income earners) are somehow different to the rest of 'us'.
I must point out, that I am one of 'them'. But having a higher salary doesn't make 'us' any different.
No offense meant to high income earners at all Blacky.
Lots of pats on the back to you too.
You can keep the mindset though. Not for me.
Wattle - no offence taken, I just find it interesting.
Why wouldn't you try to increase income along the way?
Earning more is not for you? why not?
I find it curious.
Blacky
I was wondering if a family on a single persons high wage, could then be defined as low income once dependants such as partner, children, child support for other children and negative gearing on investment properties, along with daily living costs in Australia were taken into consideration
It would seem possible to erode a single high income quickly to even fit the poll
Although I value everyone's input on the forum, it's the successful low-income investors who really inspire me. Seems there's a few around.
Why would you find it intriguing? I think it's more acceptable, in fact almost expected, in society, that a high income earner invests.I always find this mindset somewhat intriguing. Its almost as if 'they' (those high income earners) are somehow different to the rest of 'us'.
Well, yeah, it does! It is easier, because you've got more disposable income. However, in saying that, you still have to stand up and take control and actually DO something in order to make it happen.I must point out, that I am one of 'them'. But having a higher salary doesn't make 'us' any different.
Now this part is a bit simplistic. Not everyone can be a high income earner, no matter how hard they want it.In reality, anyone can be a high income earner. I work the same amount as anyone else, I just get paid more for my time. I certainly don't do anything different to anyone else. Im not overly qualified (ie - Im not a doctor or engineer) though I do have a degree in agri tucked away in my back pocket somewhere. Im not stupid (I don't think) but Im no genius either - I didn't bother completing year 11/12 so never sat my SAT's (or what ever they are called nowadays).
Success on ANY income is success.Success on a low income is still success.
I guess I should also point out that Im not 'successful' yet either though.
It shows that although it may be hard, it CAN be done.
Well, yeah, it does! It is easier, because you've got more disposable income. However, in saying that, you still have to stand up and take control and actually DO something in order to make it happen.
Success on ANY income is success.
And if we choose to work in a low-paying profession, well we are just losers.
Overnight success takes about 10years.Not everyone can become a high income earner overnight,
Hi Blacky, you come across on this forum as a lovely man.