Live Your Dream Competition!

[SLY R33]

i earn way under 50K haha im a bloody 2nd yr apprentice.

[Dohmar]

i earn way under 50K haha im a bloody 2nd yr apprentice.

I've historically earnt anywhere from $25-30k when I was younger, but now I have more experience I can command more. Nowadays I'm over $50k but only just. And back when I was running a business from home part time, my profits (after expenses and tax) were as low as $25k. So theres a big leeway.

I think even if I won lotto, I'd still work at my current job. By far its the most enjoyable job I've ever had and I'm very greatful for it. I had a nightmare job for 2 weeks early this year which reminded me how badly life can suck (and for $35k too, it was no wonder I quit within a fortnight. Assholes took 2 months to pay me the 2 weeks wages too, and even then withdrew 48% tax).

Working for yourself might seem like the dream job but it comes with so many headaches. I personally hated it. Sure the flexibility was nice but you had to work twice as hard just to get the business. And even then it was no guarantee you'd get repeat business or word of mouth from the same people. Granted this can vary from trade to trade, and in some cases working for yourself can be a huge bonus, but if you're not business oriented (like me, I'm a technical brain, $ i have no clue), have no idea about tax, insurance, 3rd party costs, accounting, invoicing, debt collection and administration and most importantly, operational details, then you have no chance.

Would be nice for the more business oriented blokes to give their 2c. As well as the accountant types who havent got a clue how to hold a screwdriver...and any of u guys out there doing it on your own; what is it, that makes a sole trader successful?

I know I love working for this company, even if I am a subcontractor. Its so much better than being a sole trader.

-D

[SLED]

Would be nice for the more business oriented blokes to give their 2c. As well as the accountant types who havent got a clue how to hold a screwdriver...and any of u guys out there doing it on your own; what is it, that makes a sole trader successful?

You're only an idea away from making your 1st million and once you've done that the 2nd million comes along alot easier........money begets money!

[NizmoNigga]

http://www.news.com.au/adelaidenow/story/0...97-2682,00.html

This is the part i love:

Farmer's Union owner National Foods spokesman Julian Caples said iced coffee was a clear market leader here with South Australians drinking 36 million litres of it every year. "South Australians drink 45 million litres of flavoured milk every year and we have 82 per cent of the market," he said. "We wish Coca Cola well."

Coca Cola shall fail miserably.

[Redback]

i started off with an traineeship.... crap 6 bucks an hour for a hole year... dint go up much more over $21k after then 32K yo years later at another job... then opened my eyes... quit my job then moved to melbourne... not earning 52k a yeah... but still over 50k... it would be good to get the money and keep working...

[bezender]

A lot of construction workers are easily on over 50k per year.

Steel framing for example you can quite comfortably pull in 70-80k.

Construction there is quite good money.

Maybe factory workers drink more ice coffee. :S

the thing about this is, steel framing for houses is not even a trade!!!! its just a course that takes a few weeks

if u do a proper trade you can earn lots more.... doctors and other professionals are well shitty about this, cos they dont really earn that much more after years of uni

in countries like germany, blue collar ppl get the same respect as white collar ppl. cos they recognise the skill and the need for both

/rant

[Nightcrawler]

also remember that to bring home $52k you actually have to have a wage in the order of $70k before tax. So looking at it in that light, it is a more decent prize.

[Madaz]

good point Andrew either Reuben has forgotten this or he can host the next SAU dinner :)

yeah im sick of being brown collar << that's how dirty i get in the factory

[RubyRS4]

I had a nightmare job for 2 weeks early this year which reminded me how badly life can suck (and for $35k too, it was no wonder I quit within a fortnight. Assholes took 2 months to pay me the 2 weeks wages too, and even then withdrew 48% tax).

48% tax? Were you paid on an Award rate? That sounds like the rate of GST withheld when an ABN is not supplied. Employees are not taxed at this rate, only suppliers with no supplied ABN. Even employee bonuses are taxed at 41.5% You do have a TFN right?

Hope you got it back come tax time.

good point Andrew either Reuben has forgotten this or he can host the next SAU dinner

Not forgotten.

Yes, thats after tax.

No, I'm not hosting dinner.

[SLED]

48% tax? Were you paid on an Award rate? That sounds like the rate of GST withheld when an ABN is not supplied. Employees are not taxed at this rate, only suppliers with no supplied ABN. Even employee bonuses are taxed at 41.5% You do have a TFN right?

Hope you got it back come tax time.

goods & services is only 10%, I think you meant group tax which would be correct if no TFN was supplied or its a 2nd job.....either way its always adjusted end of financial.

really bugs me that if you're an employee these days, there's no incentive to do overtime due to tax bracket creep.......so in answer to an earlier question Ben, thats one of the good reasons to be self employed even if you get tied to your job like I've been lately (missing out on cruises & social gatherings )

[Madaz]

what sux is if you do over time like myself next year that's going hurt my child support payments cause i don't always annually earn that amount

[savage GTR]

I've historically earnt anywhere from $25-30k when I was younger, but now I have more experience I can command more. Nowadays I'm over $50k but only just. And back when I was running a business from home part time, my profits (after expenses and tax) were as low as $25k. So theres a big leeway.

I think even if I won lotto, I'd still work at my current job. By far its the most enjoyable job I've ever had and I'm very greatful for it. I had a nightmare job for 2 weeks early this year which reminded me how badly life can suck (and for $35k too, it was no wonder I quit within a fortnight. Assholes took 2 months to pay me the 2 weeks wages too, and even then withdrew 48% tax).Working for yourself might seem like the dream job but it comes with so many headaches. I personally hated it. Sure the flexibility was nice but you had to work twice as hard just to get the business. And even then it was no guarantee you'd get repeat business or word of mouth from the same people. Granted this can vary from trade to trade, and in some cases working for yourself can be a huge bonus, but if you're not business oriented (like me, I'm a technical brain, $ i have no clue), have no idea about tax, insurance, 3rd party costs, accounting, invoicing, debt collection and administration and most importantly, operational details, then you have no chance.

Would be nice for the more business oriented blokes to give their 2c. As well as the accountant types who havent got a clue how to hold a screwdriver...and any of u guys out there doing it on your own; what is it, that makes a sole trader successful?

I know I love working for this company, even if I am a subcontractor. Its so much better than being a sole trader.

-D

You should of given workplace relations a call while standing next to him. Would of given that computer bloke a thing or to to think about. Sounds ilegal to me if you were a casual employee.

Back on topic, WHO WOULD SAY NO TO ENOUGH MONEY THAT COULD BUY A 34GTR.

I wouldn't. LOL

My boss would love that two .(buy the way, I'm taking a year of mate because I won $52,000 . See ya in a year) LOL.

Edited June 29, 2008 by savage GTR

[RubyRS4]

48% tax? Were you paid on an Award rate? That sounds like the rate of GST withheld when an ABN is not supplied. Employees are not taxed at this rate, only suppliers with no supplied ABN. Even employee bonuses are taxed at 41.5% You do have a TFN right?

goods & services is only 10%, I think you meant group tax which would be correct if no TFN was supplied or its a 2nd job.....either way its always adjusted end of financial.

I did mean group tax, but I was comparing it (being so high) to the 48% withheld with no ABN.

Sounds like no TFN was given, or indeed it was a second job ... but 48% WTF!!!! Ouch.

Just sounds like the employer was ripping him off ... was a Group Certificate/PAYG Summary supplied to claim it all back!

[morbsy]

30k

HOMEHARDWARE FTW

haha

[skyhighR33]

hmmm 52k nah i am a second year apprentice and earn near that. i dont drink it though but do enjoy it every now and then. i know a bloke who buys 6 a day and even started buying them in crates from the milkies and he earns 2x 52k. but 52 to do sweet fa nice.

[Inline 6]

is classic strawberry milk a farmers union product? if so i need to change my vote and yes ive already received sh*t about drinking it.

much like when im at the clubs i make my drink selection to impress other men seems a lil gay to me. some might even say gayer than someone who drinks strawberry milk and refuses to drink beer but ofcourse i don't know anyone who does that

[scandyflick]

which reminds me, gotta upload that pic of you sucking down a strawberry shake at the charity cruise.

[Inline 6]

which reminds me, gotta upload that pic of you sucking down a strawberry shake at the charity cruise.

im sure that evidence was destroyed, no wait it never happened

i think there's been enough embarrasing pics of me (damn you cara) on this webpage ah well 1 more wont kill me, my cool status wont go much further below minus 5

Edited July 7, 2008 by Inline 6

[RubyRS4]

i think there's been enough embarrasing pics of me (damn you cara) on this webpage ah well 1 more wont kill me, my cool status wont go much further below minus 5

Wanna bet? Any bloke with anything pink (strawberry milk counts) and showing they enjoy it is severely going to destroy the 'cool' status