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Becoming rich in Australia
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Is there any way to become rich in Australia? The cost of living is high because of all the government regulation, people are very entitled and everyone should pay their "fair share", income tax is 1/3 of your income, and it maxes out around 45-50%. Starting up a business is really hard and there are tons of laws and regulations. Unions make it worse.

So is it possible to become rich or should I just move to a republican state in America?
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>>1089769

Sell SHRIMP ON BARBIE
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>>1089769
do you think any rich person let the difficulty of becoming rich stop them?
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>>1089769

The cost of living is high because the cost of land is high
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>>1089769
any advice or suggestions
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>>1089769

Well the Chinese love our foodstuff. Find something that's expensive there but also light (for shipping).

I paid $4.80 for a litre of Devondale long life when I was in Chengdu in November; you can get 2 litres for $2 at Coles sometimes. Only $4.20 for a 750g Weet-Bix though (NZ packaging, but same thing).
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>>1089769
>So is it possible to become rich or should I just move to a republican state in America?
N-not really desu.
Perhaps pick up and move to a country which is still experiencing >5% annual growth.
Note that these countries are all shit, which is why there is so much room for growth there. In developed countries everything has been developed to a fairly satisfactory level; most people honestly couldn't think of a legitimate problem which could be improved. Developing countries on the other hand, have nothing but problems. People pay to have their problems solved.
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├Łou are already rich, you just do not know it.
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>>1089798

It's too damn high
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>>1089988
Pretty much this.

Every time i travel the world, it makes me realize more and more how Australia is the best place on Earth (namely Melbourne).

If you live in a house, have some spare cash in your wallet, have enough food to eat and have an education... then you are in the TOP 1% OF WEALTH IN THE WORLD.
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>>1090201
> then you are in the TOP 1% OF WEALTH IN THE WORLD.
far out aussies are delusional

mate our economy runs of minerals and soon more debt
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>>1090201
I can't even imagine living in a country with temperatures over 30 degrees.
By the way, is it true that in Australia it's not easy to find a wife? I heard there's a lack of women.
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>>1090236
If by women you mean people who aren't whore that have slept with hundreds of men, want to be homemakers, are obedient to their husbands and family oriented. Then yes they are scarce.
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>>1090201
> If you live in a house, have some spare cash in your wallet, have enough food to eat and have an education... then you are in the TOP 1% OF WEALTH IN THE WOR
You either part of the Socialist Alliance or Labor party? The kind of person who never saves, feels a strong sense of entitlement to other people's wealth aka give us your fair share and who is in their 30's without much to show for it.
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>>1090223
>actually believing minerals matter to the australian economy
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>>1090236
Shortage of ladies. No ladies here. Plenty of women (whores).
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>>1090351
>actually believing minerals aren't the only thing propping up our economy
We're as much a resource-dependent nation as Saudi Arabia, Canada etc.
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>>1090312
You sound like those MRA manginas.
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>>1090401
I live in Melbourne and I can confirm, he is right. Lots of fuckable girls, not many marryable ones.
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>>1090371
to the greentext i sort of agree

to the regular part of your post not at all, we are a long way away from oil countries that give the revenue to the people, we mostly used the royalties and taxes of the mining boom to lower personal and company tax and fund government spending that way

shits fucked though for aus, i'm frothing for the housing market to collapse right after the minerals capitulation and the credit bubble popping
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>>1090312
thats a problem with just about every western country not just australia
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who said it was hard to start a business in australia you cuck. you just need an ABN, thats all.

when you get close to 75 grand in earnings you need to register for GST

you dont even need to register a business name if you're a sole trader. btw if you wanna be rich just invest in a index fund or etf for your whole life. easy as fuck.
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>>1089769
>1/3 income tax
>In my country it's between 50%-60%
I am already planning on moving to some poor country with just enough infrastructure and almost no taxes
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>>1090401
lol I am in no way an MRA. I detest the entire MGTOW. I blame men for the state of women. Horny losers got too thirsty for the slutty women, and so the other who felt neglected decided to become whores. That and the Jewish education system and rise of secularism. Just because I lament about the women doesn't mean I don't want to get married and have kids by the time I am 23-25 years old. Just saying it how it is.
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>>1090236

Piece of cake to find a wife. Finding one that you would be happy to be seen with in public though?...

The Dependapotomus is not endemic to the US.
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>>1090560
I hear Eastern Europe is good. Albania, Estonia or what not. Something about Estonia just makes me feel depressed.

But where you from? Scandinavia?

In Australia its 1/3 if you earn 50k and after 70 it goes to 40% and then just rises.

The services are terrible. Education is bad and we have our horrible socialist teachers union going on strike even though every year we increase the education budget, terrible public transport (again nationalised so the public tax payer bears the cost), horrible gun laws/self defense laws, and our healthcare system is bloated.
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>>1090567
I imagine the US is far better than Europe where women were "liberated" decades ago. Australia is pretty bad.

At least Americans are somewhat Christian, and look by rich I mean upper-middle class.
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>>1090572

Can't speak for European women, but I imagine that there's a big difference between Western European and Eastern European women.

My brother just went overseas for the first time to Vietnam. Within 2 weeks of his departure I get a message "Bro, I can never date Australian women again". The woman he's with there took the day off work to look after him because he got the flu, which is something I can't even imagine an Australian woman doing.

It's getting more common now in Australia to see Australian men with Asian partners.
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>>1090570
I currently earn all my money in euro, no matter where I live.

Would you say Ethiopia is good for such an arrangement? I.e. purchasing power is bigger.
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>>1090236
They are all ugly fucks. Australians are also plain, unimaginative, self entitled and generally have a problem of not respecting others whilst expecting them to show respect to themselves. All ethnicities in Australia are mostly the bottom feeder groups of the countries they originally came from. The better women inhabit wealthy areas, or the really multicultural parts or are mixed from two ugly fuck parents whose flaws complimented into perfection.

Also Australians are bitchy as fuck. BITCHY. By the way did I mention plain and unimaginative? Or boring?

It's hard enough to find a pretty woman here it's even harder to find an interesting one.
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>>1090603
No!
I'm so upset. You're literally breaking my heart.
I just want a 8/10 blonde survivalist/competent and intelligent woman who also happens to have an Australian accent.
Not British. Those nasty mouthed fuckers...
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>>1090570
>In Australia its 1/3 if you earn 50k and after 70 it goes to 40% and then just rises.

https://www.ato.gov.au/rates/individual-income-tax-rates/

>mfw six figure income and pay around 26% tax

>>1090603
decades of public socialist education will do that
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>>1090603
and then you travel overseas and realise that australia has some good and some bad things but overall it's pretty decent 10/10 ign
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>>1090590
But it won't solve the issue. Since by the second generation those girls will be snobby like the Australians.

Its the hypersexaul society that we as men enable that creates this environment for women to become trash

Also a lot of WMAF are just betas. I can't think of anyone but betas settling for Asian women. I know 5 couples.

>>1090594
I knew of some Russian pilots in Africa (Uganda? not too sure) who make big bucks doing charter flights. But I personally wouldn't want to go to Africa unless I was doing missionary work.

>>1090603
> It's hard enough to find a pretty woman here it's even harder to find an interesting one.
As much as I agree you are complete fool if you think women got to be interesting. I am quite happy with her just being my wife who will give me kids, take care of me and my family and give me sex.

>>1090822
>mfw six figure income and pay around 26% tax
How please do tell?

> decades of public socialist education will do that
Amen to that
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>>1090505
> btw if you wanna be rich just invest in a index fund or etf for your whole life. easy as fuck.
Can you please give me more information regarding that?
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https://www.youtube.com/watch?v=LkKKTsJZ5kU
https://www.youtube.com/watch?v=Qc8hHUT_gU0

everything you need to know about australian life, women etc.
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>>1091458

>Its the hypersexaul society that we as men enable

You lost me there.
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>>1091476
lol How old are you and why aren't you married?
Are you a virgin or do you have girlfriends you sleep with and date?
Have you turned down women you knew were promiscuous?
Would you marry a non-virgin?

The responses dictate how women respond. Since if we haven normalised sex out of marriage we have assisted in the decline of womanhood. We allowed women to vote and so and so, and of course the Jewish socialist school system doesn't help but enabled it all by permitting and accepting it.
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>>1091458
>How please do tell?
maths time!

Imagine if you had a $120k taxable income. You'd be paying $17547 for the first 80k and then 37% on the rest:
17547 + (0.37 * 40000)
= 17547 + 14800
= 32347

(32347 / 120000) * 100 = 26.96%

Then add a couple percent for the healthcare jew

More options open up to lower taxable income as you make more money:
>pay more to super
>investment losses from following advice here
>investment losses from negatively-geared rental property
>salary-sacrifice shit if your work offers it I guess
>discretionary trust to split some of it off to family members and pay low tax on it (but can't do in certain circumstances, fucking PSI rules reeeeeee)
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>>1091502
>investment losses from following advice here
>investment losses from negatively-geared rental property
Please elaborate more on these? But otherwise thanks for answering my first question
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>>1091504
protip: I'm not an accountant, but I sometimes read about this shit when I'm bored because anyone working full-time should have at least a basic understanding of how money works

when you realise a profit or less on an investment (ie: you sell some shares or your hoard of buttcoin or whatever) it's taxed as income

if it's a profit, it falls under capital gains tax rules (so if you owned shit longer than a year you get a 50% discount on the tax - only paying tax on half your profit)

if it's a loss, it reduces your taxable income

my understanding of the negative gearing game in property is something like this:
>buy house and rent it out at a loss (rent doesn't cover expenses like loan interest and maintenance)
>claim that loss against taxable income for a few years
>chill while house prices rise over a few years
>sell it once the capital gain will more than cover the years of losses
>pay tax on the capital gain with the 50% discount because you owned it long enough
>you've successfully jewed your way into a 50% tax discount

ever wonder why rents in big cities (especially melbourne) are cheaper than a mortgage payment on the same place?
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>>1091521
Thanks a lot man. I am 19 and work a part time job at Hungry Jacks (2 -3 shifts a week earning $14) and currently studying. Any financial advice or tips?
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>>1091521
>>1089769
This. Basically correct, although the negative gearing part is, to my understanding, just in reference to being able to count the interest you pay on your investment mortgage as a deduction to bring your property into loss making territory. Those losses are offset against your income and are not capital losses - capital gain/loss is only on profit from sales of assets such as shares, property etc.

Can't use capital losses against income, only against capital gains. Lots of people negative gear down like mafuckas to pay no PAYG to the government, but in reality, all they are doing is giving the money to the bank not the government, which is why people are getting their panties in a bunch (public monies vs private monies). >>1091504
What advice did you take from here to get a loss? There's a story in here for sure?
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>>1091526
>learn shit, especially about the magic of compounding interest
>start while you're young - time in the market matters more than timing the market as this shit is a long-term game
>avoid debt, interest payments are lining some other cunt's pocket instead of yours
>don't waste money on shit like fancy cars - it just holds you back from building more wealth now (and later they'll be pocket change anyway, so indulge then)
>come up with a rough plan and stick to it - if you're putting money into an index fund it'll have its good times and bad but over the long term it averages out
>build a solid core before going mad on risky shit so a bad share pick or forex trade isn't wiping out heaps of your net worth

If I was starting out at your age now I'd be all about a basic index fund like the vanguard asx300 fund (managed fund if you're on lower income, otherwise ETF for lower fees when you can buy big)

don't take this shit as gospel, there's tons of resources out there to learn for yourself but it's kind of a summary of what I've learned over the last 3 years
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>>1091552
It's not something I understand terribly well since I'm a buy-and-hold-etfs-forever guy. I'm down with the goyim giving their money to the banks because they keep the index fund dividends rolling though.

>What advice did you take from here to get a loss? There's a story in here for sure?
There's always coinshills here with their pump & dump schemes. I've never joined in though.
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>>1091577
I figured I missed out on not getting in on BTC mining back when it was viable, and have left it alone since.

This ASX thread seems to have more good nature to it than a lot of other threads on here, keep going guys.

Shout out to Spreadsheet guy if you're out there, OFX will bounce mate, I'm confident.
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>>1091597
Fuck Im getting mixed up, meant to say Australia thread - the other ASX thread has good peeps in it too.
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>>1089769
go into the mining industry since you live in auz, get a degree in earth sci/geology and become an exploration geologist or something.
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>>1090833
I was born overseas. Been to a few countries and have many foreign friends. Notice I never said Australia wasn't beautiful, comfortable and safe. Notice how I call people in Austrqlia self entitled. They don't know how lucky they are and still act like cunts.
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>>1091458
Some men are more emotional and intelligent, desiring more in a lover than a simple house wife. Couples break up often due to loss of passion. It's like how a man must be brave and dashing while being productive and stable.
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