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Which may partly explain their wealth
Which may partly explain their wealth
Which may partly explain their wealth
ding ding ding… we have a winner…….
Australian millionaires and multi-millionaires are renowned for being very stringy in fact. Many have show homes and buy the furniture from Amart. I've known a number who just spend money unless they think they are getting a bargain or at least putting one over the seller, who would never spend money on anything but Y airfares, look for heavily discounted hotels all the time, some kept using dialup internet for years and refused to pay the extortionate amount of $15 pcm for wireless dongle and always hire cars from Rent-A-Bomb for $10 per day.It is not always possible to figure out some other persons wealth. When I was an accountant my wealthiest would drive a 5 year old car and dress in ordinary clothes without any luxury trimmings.
Dont forget medicare so the 32% bracket plus 2%. So its $8K tax free (they pay the FBT) or $5.2K nett plus 5 extra leave days?
How far do you want to travel? Ski holiday in NSW/Vic, QLD theme park for the kids or OS?
Edit: and congrats!
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Australian millionaires and multi-millionaires are renowned for being very stringy in fact. Many have show homes and buy the furniture from Amart. I've known a number who just spend money unless they think they are getting a bargain or at least putting one over the seller, who would never spend money on anything but Y airfares, look for heavily discounted hotels all the time, some kept using dialup internet for years and refused to pay the extortionate amount of $15 pcm for wireless dongle and always hire cars from Rent-A-Bomb for $10 per day.
Work has given me a conundrum. A choice of either $8k to spend on travel or $8k cash and 5 days annual leave. The travel choice is tax free but the cash will be taxed. My leave balance is about 15 days after just taking about 10 days, so healthy. Tax wise, I’m in the 37c bracket and not near any thresholds. 800k qff points to help out. Travel will have to be with the entire family (5, 3 under 10). Thoughts on what option you would take and how you would spend the travel component?
And the wealthiest patient I ever had came in looking destitute.Mrsdrron felt sorry for him and bulk billed him even though not on a pension.He did not even have a home phone.But he did say he rang his broker from a public phone.It is not always possible to figure out some other persons wealth. When I was an accountant my wealthiest would drive a 5 year old car and dress in ordinary clothes without any luxury trimmings.