The totally off-topic thread

[Bindibuys]

I paid off my mortgage today - woohooo

Congrats Steady, it is a good feeling knowing that you own the roof over your head.
Next challenge - setting up financially for retirement.

 

[Bindibuys]

Or perhaps you should buy an investment property

Then you end up in my position.... getting the investment properties paid off so you can retire on the income stream.

 

[OATEK]

It really depends on your personal circumstances. I agree with cove, it can be good to keep a mortgage alive so you can redraw against it, but there are also costs with doing so depending on your product.

If not, there is something to be said for "saving" and "investing" what you would otherwise put into the mortgage. You will suddenly find you build up a good little investment portfolio and have some cash stashed away for a rainy day.


Naturally this post is not financial advice.

When I paid off the mortgages, I kept the line of credit account going. It just sits there costing me nothing unless I use it, but means I have the equivalent of a large overdraft if needed. Will give it up eventually, but a nice safety net at present.

 

[amaroo]

I paid off my mortgage today - woohooo

I've already lined up your next purchase

Italian medieval castle on sale for the first time in 650 years

http://www.domain.com.au/news/itali...-the-first-time-in-650-years-20160808-gqnca1/

 

[Flashback]

Can someone please tell me what the heck the Australian hockey teams are doing? 2 losses for the women, 2 for the men. Both lost to Team GB. What's going on!?

 

[Steady]

I've already lined up your next purchase



http://www.domain.com.au/news/itali...-the-first-time-in-650-years-20160808-gqnca1/

View attachment 76530

it would likely have somewhere to use as a cellar....

 

[GarrettM]

Can someone please tell me what the heck the Australian hockey teams are doing? 2 losses for the women, 2 for the men. Both lost to Team GB. What's going on!?

Just warming up I reckon. But they'll go through to the QFs because of how the competition is structured. As long as they win a game or two that is.
Wouldn't be confident of them winning medals based on their start though.

 

[TheRealTMA]

it would likely have somewhere to use as a cellar....

And as a rental, all your flights in F each 3 months to check the property are tax deductible. Turn it into an AFF hotel!

 

[JessicaTam]

it would likely have somewhere to use as a cellar....

At €31 million one would hope so. :shock:

 

[Steady]

At €31 million one would hope so. :shock:

I see the Aussie dollar is a bit stronger atm....

 

[Simo]

Census website not playing well... Surprise surprise

 

[JessicaTam]

Census discussion has been moved here: http://www.australianfrequentflyer.com.au/community/open-discussion/census-2016-a-77593.html

 

[cove]

Buying a property in a foreign land does give you some issues. In France 40% goes to the Government when you pass away so your remaining family do not get a free ride into the property.
We decided to pass on France as a family member is already on board.

 

[whatmeworry]

Buying a property in a foreign land does give you some issues. In France 40% goes to the Government when you pass away so your remaining family do not get a free ride into the property.
We decided to pass on France as a family member is already on board.

Some other Southern European Countries have better inheritance laws.

 

[cove]

It would not be hard to beat France on inheritance taxes.

 

[Mal]

It would not be hard to beat France on inheritance taxes.

Hello UK! https://www.gov.uk/inheritance-tax/overview

 

[cove]

Hello Australia....no death duties but we do have a Capital Gains Tax to keep our Federal Government running for a few micro seconds.

 

[penegal]

Is there a census thread?

What a joke.


Fortunately I was staying in a hotel so scribbled some garbage on the paper form, and handed it in to front desk this morning.

 

[anat0l]

Is there a census thread?

What a joke.

There is, indeed: http://www.australianfrequentflyer.com.au/community/open-discussion/census-2016-a-77593.html

It's even in Open Discussion rather than Playground (at least for now), so posts there count.

 

[amaroo]

Hello Australia....no death duties but we do have a Capital Gains Tax to keep our Federal Government running for a few micro seconds.

Watch out! Timmy wants your coins once you've gone all stiff & cold ... Call for death tax on 'super rich' families

About 100,000 'super rich' Australians would feel the burden of a new death tax, which could raise about $5 billion a year in federal revenue if introduced, according to Community Council for Australia chairman Tim Costello.

One wonders where your money could (allegedly) end up ... World Vision 'shocked' by Israel allegations Gaza manager diverted charity money to Hamas - ABC News (Australian Broadcasting Corporation)

World Vision Australia chief executive officer Tim Costello said Mr Halabi has worked with World Vision for 10 years, and that they have "no reason to believe" the allegations against their employee are true.