Who has got a well paid job? Looking for ideas for us cheapskates to really live it up like money doesn't matter.

LRealtightarse on 04/02/2014 - 23:59

Hi Oz bargainers. I have hit the age of 41yrs old (live in VIC) and in a costing management job earning $70,000 per year. I am getting to the point in my life that i want to earn a bit more to retire in comfort ,(and buy a massive house/ great car and live life like i was a millionaire, who wouldn't), and i only have 24 years left too retirement. I would of loved to be a chiropractor but feel this path is a bit too hard with the 5 year double diploma and i probably wouldn't even be accepted as i only have completed yr 11 back in 1990. (would also have to do a course B4 i'm even considered. My chiro charges $57 for about 5 minutes hands on work and has a line of people waiting to get in, he has some serious cash)

So my question is, and i hope this helps other OZbargain Job seekers, who can suggest jobs that pay over 100 grand? what jobs are easy without a doctors degree? and any other money making schemes. Feel free to let it all out, as we are a very small and exclusive club.

Any jobs with out the back breaking work? or much training?
Anyone in health and safety in mines? (sounds like a easy job, but i could be wrong)
Feel free to tell us your wages if you have a great job, we are all kinda anonymous here.

Thanks in advance , and happy Bargaining.

p.s going to buy my 50% off Feeneys irish creme tomorrow (thanx brokenxsmile).

Financial

Comments

  • [Deactivated] on 06/02/2014 - 14:01
    +3

    When I was starting out in life, I worked for a successful entrepreneur. When he was starting out he worked five menial jobs at once. He told me that people used to ridicule him because at the age of 20, he was delivering papers, cleaning toilets washing dishes etc. but he continued to work those five jobs until he saved enough to buy his first business. He never borrowed a cent from anyone to finance his venture.

    His business was a success so he opened up his second, third and fourth. He then dabbled in importing/exporting which was also a success. At the age of 40 he was living in a two storey mansion type home in a ritzy Melbourne suburb and owned two luxury cars and could easily have retired. This was back in the 80's when life was a little easier but the theory still applies today.

    I'm now in my mid 50's and work a full time job and a small home business. I'm not wealthy but the extra income makes life comfortable. I always remember the words he spoke to me when I asked him how he got to where he was. "You'll never make a million working 40 hours a week."

    What I'm saying is that instead of looking for a higher paying job in a very competitive employment market, you might want to consider taking on a second or even third job. Of course you'll have to give up much of your spare time but the extra income will outweigh the negatives.

    • dylanando on 06/02/2014 - 17:07
      +2

      tax is far too high to bother with 2..3…4 jobs..

      • mousie on 06/02/2014 - 18:46
        +3

        Find more deductions to bring it down

      • [Deactivated] on 07/02/2014 - 05:50
        +2

        And unfortunately for most people, this is the thinking that stops them getting ahead.

        • mini2 on 07/02/2014 - 16:06
          +1

          Exactly…your 2nd, 3rd and 4th job ARE NOT TAXED AT 48.5%…

          Your tax bracket is calculated based on the aggregate of ALL your income.

    • nevbuster on 07/02/2014 - 21:05
      +4

      When I was 20 I was getting pissed every weekend, spending days on the beach and rooting every girl I could. Money can't but that, no regrets.

  • brilliances on 06/02/2014 - 14:31
    +2

    I was just telling a friend yesterday that you almost always get bigger pay rises jumping to another company. So try looking for the same job or one level up with another company but ask for 20%+ more pay.

    I imagine this would be much easier and less risky than taking up a whole new career path. Reason being you've been doing it for a while, know the ins & outs, etc., etc.,

    The second part of the puzzle is that you'd have to be damn lucky to get rich quick so try as many different incomes streams as possible.

    eg.

    • shares
    • currency trading
    • run an online shop
    • online affiliate marketing
    • etc, etc

    Each of these may not make you rich on its own but can give some nice spare pocket money on the side. Eg. This post I made last year has had the side benefit of minting me some nice referral bonus' and all I did was spend a few minutes typing it up. https://www.ozbargain.com.au/node/104041

  • SydStrand on 06/02/2014 - 16:03

    If you're 41, it might be a bit late to study another field. I doubt there's going to be any job that's 'easy' and earns you $100k+ a year or everyone else would be doing it. If by 'easy' you mean unskilled then there are plenty of jobs that earn serious dough without even a bachelor's degree like mining. Might be better to invest what money you have in stocks, property or collectibles to make it stretch further and manage your spending.

  • OzBLover on 06/02/2014 - 16:45
    +2

    I'm in software development earning $100K + super. Workload is ridiculous but that's what you have to do when working for a small business. 41 is not too late but you obviously do not have a lot of time left and $70K is not bad if the workload is reasonable.

    I know a lot of allied health professionals (chiropractors, physios and the like) who are struggling. Not all of them are earning good money.

  • edgar28 on 06/02/2014 - 17:24

    real estate agent?

  • T1OOO on 06/02/2014 - 18:33
    +1

    97.5k in sa 20k bonuses. 31. Developer from adelaide.

    It's ok money. Shit job though.

  • spammingb on 06/02/2014 - 18:41
    +1

    Actuary. Don't even have to go back to uni. Just pass 3 exams set by the Institute of Actuaries of Australia and earn 200k+. Just the first 2 exams can get 100 - 150. Hard work but worth it.

    • tohara on 06/02/2014 - 20:31
      +1

      If he didn't finish school he's never going to make it as an Actuary

    • peach on 06/02/2014 - 21:48

      lol it's A LOT more than 3 exams - in fact it is 11 to 15 exams, depending on the level you're aiming for. The last four with a pass rate of 20-30%. Also, $100-150k is with all exams completed. Tough wanting to be an actuary these days!

      • spammingb on 08/02/2014 - 17:10

        Indeed. To clarify, I was referring to the 3 parts of the Australian actuary education program.

    • Astro551 on 07/02/2014 - 23:18

      "Just pass 3 exams set by the Institute of Actuaries of Australia". Lol do you know the passing rates of these exams? For some of them they are less than 50%. Some of the maths is ridiculous. Also it's not even a great time to getting into Actuary, they used to earn much more but now jobs are being offshored and most actuaries despite being FIAA go into other finance related jobs

    • ankor on 08/02/2014 - 20:39

      Is that how you did it? ;)

  • mousie on 06/02/2014 - 18:51

    I'd suggest that you make a list of your natural competencies and work out what your competitive edge is before just thinking of what job will earn you the most money.

    I'm 30 without a degree and have an executive job with degree qualified folk around me in supply chain. It's a stressful job but my skills add value and earning 105k consistently and don't need to show off in a fancy car or suit to show it.

  • akula on 06/02/2014 - 20:20

    Chriro, homeo acupuncture etc…is good way of cheating vulnerable people. There is no science in it. You may well learn cold reading and start your own "clinic" and charge 100 for 5 minutes.

    • srhardy on 09/02/2014 - 21:59

      …my chiro is now deregisted (his own choice as he is over 70 and was sick of the wasted expence) but now does 'spinal ajustment' and charges the same but now its all cash and no healthcare fund rebate for clients.

      Its a scam but when im in pain it works… He does electric massage or you get a (non sexual, no creditation) massage for cash with a lady that comes in for thoes that pay cash for it too.

      Add the heated weatpack on the back for 10-15 and the relaxing music with incence and you have some idea of why people come all over for a session with clayton@palmwoods

      Charges are reasonable and anyone who can ajust a neck can do this AFTER YOU SIGN A RELEASE FORM!

  • MATTDAMON on 06/02/2014 - 20:23

    26 here, im a standard issue truck driver, specifically dangerous goods (fuel) and some general freight. Been driving professionally since 16, also have my diesel mechanic trade. Been earning over 100k since i was 18, these days i average around the 130-140k which is about normal for an east coast dangerous goods driver. Dont have to live out of a truck if i dont want to either which is nice (ie home every night in my own bed)

    Thinking about doing FIFO driving at Pt hedland, which is $71 an hour + super, a 4 on 1 off is worth around 180k a year give or take, driving quad road trains in and around the area.

    • minty on 07/02/2014 - 09:57

      Can you shed some light as how you went about getting into all this?

      • MATTDAMON on 07/02/2014 - 17:22
        +1

        Im a 3rd generation truck driver (my father and his father are both in the industry) so i got a leg up in that regards as i was always working in their yard of a weekend doing servicing, washing/polishing trucks, so i knew how to drive a truck from a very young age (<10 year old driving an old Louisville) from there did my diesel mechanics course when i was at school (did my first two years whilst in year 9-12) and completed my last 2 years whilst also working part time as a driver (would be in the workshop during the week and drive on weekends. Once i was 20 i got my multi combination license and been doing it ever since.

        To do dangerous goods you need a dangerous goods ticket (for obvious reasons although you can cart diesel now without one) AIP (allows you onsite to depots) then your usual inductions for various terminals. Most companies wont employ under 25 (insurance reasons) and DG drivers usually need to have several years experience before they look at you.

        But for its upsides it does have its downsides, its very difficult work, look at minimum 10-14 hour days, doing upwards of 1000km per day, your constantly having to deal with traffic (ie idiot car and truck drivers) and its that over regulated these days you only need to fart in the presence of RMS inspectors to cop a fine.

        But i love it, i cant imagine myself doing anything different.

    • redraoh on 07/02/2014 - 12:27

      Anyone who watched Four Corners the other night would think you guys made nothing.

      Are those figures net, i.e. after fuel, maintenance, etc. costs?

      • GameChanger on 07/02/2014 - 15:01

        Friend owns a truck company, lives in $15m house there is so much money in the mining business you just won't believe.

      • MATTDAMON on 07/02/2014 - 17:25

        It really depends, i dont own my truck, company owns it (meaning im a regular employee driver) so my figures is what i get at the end of every day, general freight on the east coast corridor along with round town work pays pretty poorly because of all the competition and everyone wanting the slice of the pie. Interstaters etc are on per km rates generally and you only earn decent scratch when your wheels are turning, hence the incentive to push the limits.

        Pay varies so much, i know plenty of round town guys making 18 bucks an hour flat rate, interstaters at 34-36c per km and they can struggle when there is little work around. But mining or anything mining related is where the big dollars are.

  • Sammy901 on 06/02/2014 - 20:30
    -6

    30 here, in the health profession, fortunate enough to be on around 700k a year. Chiro or physio won't get you much higher than 100k a year and the work is very physically demanding. The only way to make big dollars in the health profession is in one of the medical specialty fields or dental. The mines or offshore rigs are your best bet if you want to move or sales if you want to stay local.

    • tohara on 06/02/2014 - 20:38
      +5

      If you're not a surgeon i call bullshit

      • T1OOO on 06/02/2014 - 21:00
        +1

        He's dreaming ……

        Dr's with decades experience bring that coin in. This guy. Nope.

      • OzBLover on 06/02/2014 - 21:29

        comment removed by poster :)

      • cannedhams on 07/02/2014 - 00:28

        In fairness he's probably not the only one.

    • mousie on 06/02/2014 - 21:49
      +3

      What are you looking for on OzB your next island?

    • zeomega on 07/02/2014 - 01:07

      700k a year. Ozbargains. mmmm…kayyyy

    • [Deactivated] on 07/02/2014 - 10:04
      +2

      This guy have no idea how doctor 'grade' system works. There's remarkbly slim chance to become a consultant as 30yo. NIL chance for surgeon.

      Doctor is not as comfy job as you think.

    • Austin 316 on 07/02/2014 - 10:17
      +3

      Are you sure its not a typo. Did you meant 70K :P

      If you are earning 700K a year, you shouldn't even know OZbargain existed :)

    • 88SE on 07/02/2014 - 12:37

      I'm guessing you do a lot of locum work, particularly in rural areas?

  • Elppa8 on 06/02/2014 - 22:26
    +2

    I found the harder I worked the luckier I got. (Opportunities, promotions etc)

    Also found no matter how much I earned there was still not much left over at the end of the month. Your lifestyle seems to adjust.

    • cannedhams on 07/02/2014 - 00:31
      +11

      I earn 60k a year, the wife earns 35k, and we would save easily 50% of what we make, even with a kid.

      Drive a yaris that I bought at govt auctions. I find that at my age I don't get much enjoyment out of spending money unless it is a dead set bargain or I am going to get a lot out of it.

  • wkd on 07/02/2014 - 07:29

    open up a business at something you're good at.

  • Sammy901 on 07/02/2014 - 07:37
    -1

    You don't need to be a surgeon to pull that sort of coin in. A busy surgeon in the right field can pull in 2mil+ a year.

    And as has even mentioned, your lifestyle adjusts to any changes in income and then there's the ato

    • [Deactivated] on 07/02/2014 - 11:20

      Nop, $350k.

      http://www.theage.com.au/national/surgeons-make-the-cut-as-o…

      Fortune 100 company CEO salary is $3-$5mil per year. :P

      • mskeggs on 07/02/2014 - 13:51

        Those figures are average after tax.
        So a part time surgeon earning $30k brings down the average.
        And owning a couple of negatively geared blocks of flats brings down the taxable income.

  • Brianqpr on 07/02/2014 - 09:20
    +2

    Firstly sales. Anyone can do it but very few can do it really well. That's why those few people are worth a lot of money. You are either cut out for it or you are not and most are not. If you are not try something else because you will hate it and it probably won't make you much money.

    I had to laugh at the actuary suggestion. Do you know how ridiculously smart (particuarly at maths) you have to be to qualify? Out of the reach of 95% of people maybe more. If you have ever worked with actuaries you wil know they are a rare and 'special' breed! Also last I heard it was more like 8 years of study. I worked for a company that had several actuaries so this comes from colleagues who were thinking about moving into that area. I recall one girl who really fancied her chances giving it up after doscovering just how hard even the first exam was. Unless you are absolutely exceptional at maths don't even bother.

    Financial planning is one area where you can train relatively quickly. That will get you a foot in the door and the rest is up to you. I did it for a while before moving into the dispute resolution area/complaint handling side as I'm not a natural sales person. I earn about $113k and it's not that difficult if you have the technical knowledge and can negotiate with customers, solicitors, ombudsman etc. Very good financial planners can earn very big bucks but you basically need very strong technical knowledge combined with great people skills and genuine sales ability to do really well out of it. The majority of planners probably earn in the 80-120k range.

    • lord henry on 07/02/2014 - 12:32

      With the repeal of the FOFA act, financial planners just need to work out which product providers pay the highest secret commissions and just stick to recommending those products as part of 'free' advice ;)

      edit: A little bit jealous of some of the pay packets some ozbargainers are bringing in with relatively little training.
      I spent 6 years studying (law/finance at one of the better universities) and it will be quite a few years and a lot of hard work for me to reach those salaries.

      • Brianqpr on 07/02/2014 - 13:33
        +1

        FOFA was always going to be watered down if the Libs got in and so it proved. I spent about 5 years working with financial planners and can vouch for the fact that the vast majority work very hard and geniunely care about their clients.

        Don't believe the tabloid hype. The dodgy guys do (or mainly did) exist but in ever dwindling numbers because regulation etc will have forced them out, problably into completely unregulated sales and commission based roles such as real estate where you can happily tell anyone that borrowing large sums to buy any property is a sure fire winning investment and never worry about any comeback if the value collapses. No financial ombudsman to help you there.

        The papers don't help with their constant bashing to entertain today tonight viewers. It is very expensive and time consuming to produce compliant advice because of all the regulation, admin etc. Therefore for an advice business to be viable they have to charge a certain level of fee. You don't take up any of your accountant's or solicitor's time without expecting to pay for it yet there is a perception that a planner's time should not cost anything. It can take many hours of client meetings and document preparation to prepare a full financial plan for a client.

        20 years ago it might have been easy for a cowboy to make great money in planning. Not any more.

        • Brianqpr on 07/02/2014 - 13:34
          +1

          and there's no such thing as secret commission any more. Everything, and I mean everything, is disclosed. If you have a situation where you can show that did not happen go see the ombudsman (free), you will get your money back.

        • lord henry on 07/02/2014 - 13:48

          I was just being cheeky.
          I haven't worked in financial services but I did have a very detailed look through FOFA.

          I'm sure that most financial planners are bona fide. Even with good intentions though, where the remuneration model is geared towards suboptimal advice trailing commissions, higher commission the more a product is geared, etc), you will get many suboptimal outcomes.

          One of the main aims of the laws were to push financial planning fees to be payable upfront, reducing reliance on commissions - which is good.
          One should be very wary of financial advice that is 'free' because the average cost of the advice (by way of commission) is generally much higher than when you do pay upfront.

  • ThisJustin on 07/02/2014 - 14:46
    -2

    Abandon all sense of morality, decency, kindness, sympathy, and empathy and you'll be a millionaire in no time. Or, ya know, be satisfied with a warm meal, a roof over your head and surrounded by people who love you.

  • peterpeterpumpkin on 07/02/2014 - 15:19

    As an anti-materialist at this stage of my life, my main concern for the future isn't making more money and living super-comfortably but rather it's finding out in the future that my anti-materialistic values have changed and becoming regretful of my earlier choices. I don't "drink, smoke or gamble" in the traditional sense - but I do gamble on life choices. Without knowing what Australia (or the world will be like for that matter) in 30 years time (in a socio-economic sense) it's hard to know what level of financial security in these years will be ultimately necessary in retirement.

    If you're someone that takes stress well and, more importantly, truly feel you can handle the same level of stress in your 50s, then by all means go for the aforementioned higher-paying jobs. A lot of people I've met though find their sleepless nights compromise their happiness in their later years.

    Personally, I prefer self-imposed stress as opposed to external stresses. Feeling victimised is never a good feeling and being shafted by a workplace after many years of loyalty can make you angry as well.

    I don't know where you live (or want to live) in Victoria but I suppose there are some places where a "modest" increase in salary of $50,000 can potentially make your "massive-house" dreams a reality in a reasonable time-frame. Where I live in Sydney
    $120,000 before tax won't get you near anything large if you have $0 in assets now. I honestly feel spending 85% of your income on accommodation is a ridiculous reality we are facing now.

  • zooter on 07/02/2014 - 16:10

    Having your own business is the best way to live a comfortable lifestyle. Start by reading books like "The Millionaire Next Door", "The Millionaire Mindset", "The Power of Full Engagement" — oh I could go on…

    There are tons of ways to earn money and tons of ways to live comfortably. The trick is understanding how much money you need to live comfortably

  • stemcell on 07/02/2014 - 16:47
    +6

    Just over $100,000 per annum, I'm involved in stem cell research which may one day save your life.

    Edit: I don't want the millionaire lifestyle as I'm very content with life as it is :).

  • John on 07/02/2014 - 19:39

    Join the mining industry in WA. If you're willing to sacrifice some years of your life working on site, you'll be able to save decent amount of cash. You can spend almost $0 working on site as everything is provided. You can get a job without qualifications.. there's a big demand for workforce currently.

    Otherwise, get into sales industry. My friend joined a real estate industry, with no sales background. 10 years later, he's a millionaire. He did have to work his butt off at start to gain trust though, knocking door to door, distributing flyers etc. With sales, you really have to work hard.. no easy shortcut there.

  • Tuesdaygal on 07/02/2014 - 20:06

    I know someone who is a tram driver, he works on average 6 days a week and makes around 90K per year. He is able to work the hours that he prefers (via swaps etc) and has 8 to 9 weeks of annual leave every year. He did not finish high school. He tells me that ticket inspectors make more money than tram drivers!

  • Risser on 07/02/2014 - 21:05
    +4

    50k gross, mortgage, 2x cars, wife and 6 kids. Paid for everything I considered important last year, even spent 4k on dining/eating out. Finished the year with 300 more than I started with. Happy? yes. Change anything? Don't think so.

    Live within your means and budget!

  • nevbuster on 07/02/2014 - 21:07
    +2

    It's not how much you make, but how you spent it that counts.

  • j5ive on 08/02/2014 - 00:15
    +1

    Have not see these posted here-

    Come up with an APP. Don't just think mainstream, something small for a niche market can make you a good whack of cash. A mate recently did an app for a chain of fastfood restaurants to help stock control and then continued to sell the app to each store in Australia. You don't need programming skills, outsource that work to Asia.

    Invent something brilliant and simple. Crowd source with kickstarter. Some very simple products have been funded with millions of dollars.

    Plan or hold an event. Think triathlon, concert, festival, fishing comp, home show, camping show, markets. Big rewards with entry fees and sponsorship.

    Hire business. Got a collection of trailers? tools? vehicles? Hire them out. People will pay good money to hire and the big stores are painful to deal with. Also plenty of people making money with a Dingo, bobcat, post hole diggers or small piece of machinery, dry or wet hire.

    Sell basic websites or facebook pages to small local business. Again, you can outsource the work. Small owner operator businesses don't have the time to shop around for websites. If someone comes to them with a simple, cost effective solution for a website. The will buy. Or just run and manage their facebook page. Imagine having 10-20 business that you go to daily/weekly and see whats new or interesting to post on fb for them. Do this all for a monthly fee.

    Collect scrap. Not glamourous. But an old car is worth a few bucks in scrap. Better yet, aluminium, copper etc. Advertise online for free pickup. Go to small local business and ask what they do with their scrap. Offer beer in exchange. There is an english show about professional scrapping. You can make money.

    Flip. Flip anything, from cars to computers. If you know enough about a product and follow the market. You can make a good extra income flipping. Buy bargains, clean them up. Sell high.

    Or failing all that.

    Start a business doing what you love. Work your arse off and you will get somewhere. I have a retail store now in its second year. At a time when retail is dying, this was a huge risk! However, with this risk comes reward- My income this year will exceed the previous ten years combined. (most of its gone back into the business though!).

  • tio on 08/02/2014 - 00:56
    +1

    my 2cent, 28 this year, for the last 3 years, I've been on approx 150K/yr as a mechanical designer (which mostly requires experience, no formal qualification really needed) for a mining construction company. Though when I was fresh out of uni with a Mechatronic engineering degree, I spent 9mths as a project engineer for a smaller fish in the same industry on 40K/yr. When the 9mths finished, I was head hunted and the pay got nearly quadruple. I could've earned more if I went to site but I'm quite content with what I'm doing: nice perks, working civilised hours in metro area. Sure I'm not what my degree dictates, but I've used a lot of what I learned to help with my job.

    IMO, with your cost managing background, if you really want to make a decent pay without having to break your back, cost controllers for mining or oil and gas companies could be something you want to look at. Big companies (Rio Tinto, BHP, FMG etc.) are all trying to reduce their operating cost at the moment. The order of preference would be oil and gas company > iron ore company > other mining (coal, gold, nickel etc.)

  • dishak on 08/02/2014 - 08:25

    Firstly I would like to let you know you are getting ripped off with your chiro for a 5 minute appointment and paying that sort of money, I would probably be looking around for another chiro.

    I currently work with Chiro's doing medical imaging and most of them are like sales people that just talk rubbish and just want your money, but in saying that yes they do make a lot of money but what they practice is actual fiction and there is not much actual benefit in chiro especially if they go wrong. Watch this episode of ABC catalyst (http://www.youtube.com/watch?v=F7g93V6tw_g) if you have time.

    As I am a radiographer i make about 110K, but you will need to do a bachelor degree which can be done by distance.
    its a good monday to friday job 8-4pm and pretty relaxed.

    hope you find something good.

    • ankor on 08/02/2014 - 20:49
      +1

      Yeah, 18months to move my neck 1.5mm forward, which will then be pulled back by tight tendons, bad habits and tight fascia.

      :|

      I did it for about 2.5 months and was out by a fair bit of coin. The last time I went, the crack went wrong and I felt dizzy and nauseous. Never went back. In retrospect, I shouldn't have gotten back into a car and should have walked back in and sat down or something.

      • srhardy on 11/02/2014 - 08:45

        Ive had chiro for years now since it was the only thing thats helped and i was desperate but ive had a neck adjustment go wrong (he did a second adjustment trying to catch me unawares) with the same consequences; It didnt kill me but dam was i sick! Neve happened again after i told him to never do that again and not so hard - remember your in charge!

        A good chiro these days should do little manual manipulation with use a modern electric activator and simple movements to unlock the muscle groups with gentle massage - and yes its a LOT of money for 5 min but your lucky to ver see 10 let alone longer!

  • drexxx on 08/02/2014 - 23:14

    If you want fast money and control (and thus actual control of risk) then you have to build your own business(es).

    But there's a certain criteria for which way you should go. Explained in the following book.

    This book changed my life: The Millionaire Fastlane by MJ DeMarco

    http://www.amazon.com/The-Millionaire-Fastlane-Wealth-Lifeti…

    485 Reviews with Overall rating of 4.7/5 Stars

    Cannot recommend it enough for anyone :)

    If someone does read it and it helps them, please reach out to me! I love interacting with fellow fastlaners (or soon to be ones haha).

    Cheers

    • [Deactivated] on 10/02/2014 - 08:57
      +1

      "The real law of wealth: Leverage this and wealth has no choice but to be magnetized to you."

      The book may in fact be great, but I am always being put off by these self-help notions that you just need the right attitude/knowledge, and things will just magically fall into place.

      The ability to be ruthlessly objective when interpreting events and the ability to persist in spite of repeated failure are probably the best indicators of success in many fields. Funny how the books never mention it — because there's no shortcut or comfortable way to get your balls repeatedly stamped upon by the vicissitudes of life.

  • dannyhc on 10/02/2014 - 09:38
    -7

    To all those earning the "Big Bucks", how does it feel knowing that the system will take an effective 60% back in Taxes.

    I am amazed the Australian Government don't have Bill Boards plastered up all over Australia bragging about their amazing achievement, it beats any heist ever committed in human history.

    Here are some I am going to pitch to senior Government figures of which I am finding it difficult to setup meetings with, many are on international 'study tours', or in presidential suite hotel rooms with scantly clad women entering.

    YOU DO ALL THE WORK TAKE ALL THE RISK WE TAKE OVER 60% BECAUSE YOUR GOVERNMENT LOVES YOU

    YOUR UTMOST FOR OUR GLORY

    SPEED KILLS DON'T DIE ON OUR ROADS WE MISS OUT ON TOO MUCH PROFIT WHILE WE TRAIN ANOTHER TAX PAYER TO TAKE YOUR PLACE

    GOT OIL? WE'RE COMING TO TAKE IT, YOU SAVAGES DON'T NEED IT ANYWAY - THANKS

    ALL PAY RISES ARE JUST A PRINTING PRESS AWAY

    DEATH TAX - WHEN YOU DO GO MAKE SURE YOU PAY US FOR OLD TIMES SAKE

    FUEL - I EXCISE YOU AND RAISE YOU ONE MORE

    So much bragging rights with so little public recognition.

    • mskeggs on 10/02/2014 - 09:55
      +3

      What are you talking about? Why are you yelling?
      The tax rate on income you earn over $180,000 is 45%, less for lower incomes:
      http://www.ato.gov.au/Rates/Individual-income-tax-rates/
      It is true there is an extra 1.5% medicare levy to cover GP billing (hospitals and other medical is budgeted out of the general tax)

      For this you get access to free health care, education, roads, law and order etc. Plus if you are ever unlucky enough to need help, you will have access to social security, old age pensions etc.
      It's a pretty good bargain.

    • 00 on 10/02/2014 - 10:57
      +3

      Individuals income taxation constitutes less than half of government revenue. Source

      Where does it go?

      • Social security and welfare
      • Health
      • Education
      • Defence
      • General public services
      • Other purposes & functions

      Source: WhereDoMyTaxesGo.com.au

      Petroleum excise, sales taxes (GST), company and resource rent taxes, customs duty as well as other taxes make up the balance.

      Also see:
      List of countries by tax rates (wikipedia)
      Where would you rather move to?

  • dannyhc on 10/02/2014 - 11:14
    -7

    AUSTRALIA - LIVE THE DREAM FOR ONLY A 60/40 SPLIT

    http://www.economist.com/blogs/dailychart/2011/09/effective-…

    • 00 on 10/02/2014 - 11:20
      +2

      Are you considering to relocate to Russia or the UAE?

    • mskeggs on 10/02/2014 - 11:25
      +1

      Are you reading your link? It shows taxes on $100k under 30%.

    • one man clan on 10/02/2014 - 12:17
      +3

      You're delirious.

      Australia isn't near the top. It's certainly not a 60/40 split as you claim. We don't even make it on to this list: http://www.businessinsider.com.au/worlds-highest-effective-p…

      • dannyhc on 10/02/2014 - 13:38
        +1

        We are talking about high end income earners, once you factor in Alcohol, Luxury Car Tax, Cigarettes, Cigars, Prostitution costs, Council rates, Body Corporate etc etc it wouldn't surprise me if it's around 80%!
        It doesn't effect me personally because I am a member of SPED http://www.couriermail.com.au/news/queensland/sped-foundatio…

        • mskeggs on 10/02/2014 - 13:43
          +2

          Body corporate and prostitution costs are not taxes.
          If you spend all your nett income on cigarettes with duty at 40c per stick, I suppose you could conceivably end up paying high taxes, but your comment is garbage.
          You have no idea what you are talking about and you are embarrassing yourself.

        • dannyhc on 10/02/2014 - 13:47
          -4

          Yes thanks for psycho analyzing me, now that I can concede to only a 45% Tax Rate as you posted, I feel so much less outraged and can come back to the group think box we now live in. I promise never to critically think again.

          OzGov - SPENDING IT WELL SO THAT YOU CAN DONATE EXTRA

        • mskeggs on 10/02/2014 - 14:14
          +4

          45% applies only to the dollars you earn over $180,000.
          You actually pay zero tax on the first $18,200 you earn each year.
          It is called progressive taxation:
          http://en.wikipedia.org/wiki/Progressive_tax

          I am happy to take any extra money off your hands so that you can truthfully claim you only get to keep 40% of what you earn. If you are impacted by 45% tax rates because you earn over $180k, then that is at least $53,000. So 60% tax would be $108k, but you only currently pay $54,547. Not a misprint. You actually pay only half as much in tax as you think you do.
          Does diddums feel better now, that I just gave you a 50% tax cut?

        • StewBalls on 10/02/2014 - 19:06

          …prostitution costs are not taxes

          A lot of politicians & union leaders would beg to differ on that! ;)

        • srhardy on 11/02/2014 - 08:53

          so cool someone else worked out that churches & charity's are all scams and wanted to join in too, shame they lost IMO but from what i read the judgment only went against them becuase they never showed that did any actual charity work, nor published and not that what they tried to do was illegal. So maybe the next time they publish and donate a percentage of the interest on earnings to help others and they will then conply and live the good life free of taxes… seems it was only an admin mistake of being too greedy!

  • 00 on 10/02/2014 - 13:13

    How rich do you think you are when compared to the rest of the world?

    http://www.globalrichlist.com/

  • eyevan on 11/02/2014 - 17:17

    I'm 28, Mortgage broker $250-300k per year. Been in the industry for 10 years.

    With anything you choose to do, You need to be good at it which takes time and experience.

    • srhardy on 12/02/2014 - 10:11

      WHATS THE CAREER PATH/SHORTCUTS FOR MORTGAGE BROKER?

      • Holysmoke on 21/04/2014 - 17:09

        Any is it purely commission based earnings?

  • cashless on 12/02/2014 - 14:52

    I read recently (I think it was on ABC website) that train drivers on the iron ore lines in the NW of WA earn up to $200k per annum.
    Lonely job, but training isn't that bad and while you're working there's nothing to spend you cash on.
    So, when you come off shift, you can go crazy!

  • pdxevergreen on 20/05/2014 - 01:28

    So many ideas! Two sites worth looking at are http://easyappcreation.com and http://homeincomeseeker.com if you have any interest in working from home/working on the internet…….

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