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Im a 56 Aboriginal woman and Im now working three jobs. Contract type work. One pays $60 ph 3 days per week (I work from home), the other $40 ph 1 day per week and the other $50 ph 1 day per week. I also have my own consultancy and I did a few short term projects (2 -3 mths) early this year. I like this arrangement as its diverse work, keeps life interesting and I get to use and develop new skills including gaining new traction and networks in different sectors which helps my consultancy as well. I keep busy but I want to make a little more money before I retire. I consider myself very lucky to be honest.
Love that, obviously a hard worker! I like variety with my work too, keeps it interesting for sure. And all those skills will keep compounding over time
I totally agree working extra shifts or a second average paying job is the lazy way out. Yes it pays more than you had but you lose your time that you never get back and the opportunity cost is the biggest. You lose more opportunities when you work longer hours
Love hearing that Greg, thanks for watching ps. there's more business/marketing content on our company's new Instagram account we've just fired up instagram.com/groeau/
You dont mention higher taxes when investing in property. Its classed as income. Unless you're heavily negative geared. The best property investment is to be positively geared. And dont forget higher interest rates, land tax etc.. investing in property is quickly becoming a worthless financial exercise in Australia. Im in Melbourne. And right now, hordes of investors are selling because of ridiculous high land taxes now.
Tax are part of life and outside of my control. More taxes doesn’t help but I’ll still be investing in property for the foreseeable future, likely spread over more states now though to reduce land tax costs. I don’t believe ‘hordes’ are selling due to that, I think the impact is small
@@raycorc they are selling in Victoria one of my family members alone is going to sell three of his properties for this reason. The land tax in Victoria now is ridiculous on investment properties. It is not worth having anymore because the rent doesn't even cover it. Let alone the mortgage
Follow me on Instagram for more low quality content 👉 instagram.com/raycorc/
Book a call with me 👉 calendly.com/raycorc/youtube
Join our free personal finance FB group 👉 facebook.com/groups/personalfi/
Im a 56 Aboriginal woman and Im now working three jobs. Contract type work. One pays $60 ph 3 days per week (I work from home), the other $40 ph 1 day per week and the other $50 ph 1 day per week. I also have my own consultancy and I did a few short term projects (2 -3 mths) early this year. I like this arrangement as its diverse work, keeps life interesting and I get to use and develop new skills including gaining new traction and networks in different sectors which helps my consultancy as well. I keep busy but I want to make a little more money before I retire. I consider myself very lucky to be honest.
Love that, obviously a hard worker! I like variety with my work too, keeps it interesting for sure. And all those skills will keep compounding over time
I totally agree working extra shifts or a second average paying job is the lazy way out. Yes it pays more than you had but you lose your time that you never get back and the opportunity cost is the biggest. You lose more opportunities when you work longer hours
Exactly, I used to do this a lot but then I realised I'm actually focussing too short term
Thanks Ray. I'm a small business owner and you given me some great ideas for the year. Have already started implementing.
Love hearing that Greg, thanks for watching
ps. there's more business/marketing content on our company's new Instagram account we've just fired up
instagram.com/groeau/
Solid advice
thank you mate
Your reading my mind with this topic.
Ha, good to hear - hopefully lots of people think like this
Great advice, Straight to the point with no fluff
thanks mate, that’s what we try to do here!
OMG! Working harder ( my go-to ) equals lazy. This is a paradigm shift. 🙏
yep it’s the obvious option but not always the best thing for you!
You dont mention higher taxes when investing in property. Its classed as income. Unless you're heavily negative geared. The best property investment is to be positively geared. And dont forget higher interest rates, land tax etc.. investing in property is quickly becoming a worthless financial exercise in Australia. Im in Melbourne. And right now, hordes of investors are selling because of ridiculous high land taxes now.
Tax are part of life and outside of my control. More taxes doesn’t help but I’ll still be investing in property for the foreseeable future, likely spread over more states now though to reduce land tax costs. I don’t believe ‘hordes’ are selling due to that, I think the impact is small
@@raycorc they are selling in Victoria one of my family members alone is going to sell three of his properties for this reason. The land tax in Victoria now is ridiculous on investment properties. It is not worth having anymore because the rent doesn't even cover it. Let alone the mortgage