Backyard Aquaponics
A place to discuss aquaponics

Well I dunno about anyone else, but I am not waiting to 65 to enjoy my retirement. Or for that matter, letting the government decide when I should be retiring.

If my own retirement/investment plan goes well, I would like to be retired by age 50. At least that's my aim anyway.

My original plan was 50 ,, a divorced and the draconion child support system soon KILLED that idea.

Don't want to be picky but if the world goes guts up.
I think your 5 acres of fish will be gone in no time when the ppl get hungry.
But good luck
Money aint everything...
There are many families that have been totally destroyed in the scam of money
Family is waaaay more important.

Thought I may just revisit this discussion.
Bloody share market ,, as you guys told me it's no good ROFLMAO.
LESS than 4 weeks since I suggested Comm bank westpac as good investments ..... UMMM anyone want to comment?

How about Comm bank UP over 20% in less than a month????

How about Westpac UP over 20% .....,

Gee it's hard being so right:) ,, Well as I said I get advice from experts and it's free.

The BEST news about this is most people's super will be looking a lot better in their next annual report.

P.S Don't expect growth like this to continue ,, the market cycles ,, you MUST look at the long term picture.

Just wanted to throw my unqualified 2 cents in the financial planning ring. To me, the priorities are to first to make your life as independent as possible. This would mean stuff like not having a mortgage payment that would necessitate income, having your own food supply (hello AP!) which again requires capital but not much ongoing income, and so on.

Once that's done, the need for income is rather low and our standard of living is rather high. For actual income, it's all about cashflow. Rental real estate is one way to do it. Personally, I follow the compound stock earnings system. It's a method of using options as cash generators on stocks you own. Like anything, there are pros and cons to it, but I'm quite happy with my 3% per month cash returns in the 30 minutes a day it takes me to manage.

As a note if anyone is interested, yes, the system does cost money to learn and maintain. No, I'm not selling anything, I gain nothing from anyone else's involvement.

Is that another full percent in ONEW morning ??
Still waiting for the neigh sayers:) I guess they are sleeping holding their $50 bills under the matress....LOL

Gees Chappo, for the amount of gloating going on here I figured YOU must have come up with something really intelligent, but you just repeated what someone else told you....

I think I'll just work on drinking and smoking myself to death, I think once the kids all leave home a scotch still should be all I need to live on, LOL!
by the time I reach retirement age it will be 147 years old!

Yep Joel ,, just get good advice from the correct people, regurgitate it and claim all the Kudos,,
Actually that is how most "great" people succeded,,, suround themselves with great advisors.

For me ,, probably no benefit in the long run ,, I'll most likely have joined Bentaz in smoking and drinking myself to death LONG before retirement ..... hope my kids enjoy the dollars.

Good old super. I've been paying 5% of my income into super since I started by second job at the age of 17. That was nearly 20 years ago. I never had the choice, being a public servant, so its not something I think too much about (having to pay the money in that is). I do however often think about the little nest egg that I'll have there when I retire, if I last that long - hopefully I'll be able to retire before the super becomes available at 65, and live off other saving, though this is less than certain since I have no savings at present .

I've also never had to be concerned with the market in terms of fluctuations to my super, because I am in a defined benefit scheme. This has now been phased out in Queensland and is not an option to new or returning public servants.

I agree with the views of those speaking of balance. Ideally I'd like to accumulate some real estate investments as well as having my super, but the cahnce of that seems slimmer and slimmer all the time with the cost of real estate. Of course one should just jump in and do it, but being the quite conservative (or am I just risk averse???) person I have never had the nuts to bite the bullet and suffer the lack of cash flow during the early days.

As for self sufficiency and AP being a capital intensive but low running cost item, I think we all need to work on making AP less energy hungry, because the way things are going, we won't be able to affor the electricity before long

Good points there Veggie ,, AHHHH are you in the CSS super ?? The one they closed off in the 80's because it waS TOO GOOD? ( I'm in that too) Nothing like looking forward to 50% of your wages adjusted for inflation for the rest of your life AND all your money back:) God bless .

Also agree about needing to reduce elect costs for ongoing AP ..... not sure about QLD ,, but NSW power prices went up 20% this year 20%%%%%%. in a year ,, Thats a joke . No use swapping suppliers , they ALL went up 20%.

Another area I think needs work is breeding fish that suit AP ,, just because a fish grows fast in a pond don't mean it's going to do the same in AP. There seems to be very few people selecting and breeding specifically for growth rate and hardiness in an AP system.

Power is a joke. The sub sellers offered contracts that were not that great and the CE didn't offer any contracts.
Do we have a breeding fish thread. I always thought trout were easy to breed or just the only ones I noticed on Youtube.

Chappo - not in CSS, just the basic Qld scheme. I've heard about that scheme being fantastic.

Problem with defined benefit super like I am in is that it becomes a real barrier to you making life changing decisions, ie leaving my job to try something different

I've got another 24 years before I can get my hands on my super (can get it at 60, not 65 as stated above), yet it still seems to act like some big carrot. Really sucks.

This thread has come alive again.

Well a carefully selected property will impose very small cash flow impact on you and in some case, after tax, you may get some dollars in your pocket.

One other thing about owning investment properties (i mention property because I know about it) is that you can vary your tax rate based on your projected losses for the year. Hence your company takes out less tax from your salary, hence you get the "losses" in your pocket upfront to offset your personal debts earlier, instead of waiting for the tax return time.
You still need to do a tax return when it is due.

Most important thing about investments which sadly many fail to see is knowledge. Read about it, don't just listen to hear-say. It is like AP, read about it from people who has done it, not people who are too afraid to do it or have failed doing it and pass it off as bad investment.

And no don't jump in and do it. Read up first, then steadily walk in and do it.

here is an interesting read if your in to super AND investment property
http://www.dealersgroup.com.au/kb/cf26--dba_butler_article-2008-06.pdf