How to have more money for punting

[JohnJones]

Some people may not have heard this quote but I find it to be quite true:

"Money is not the source of evil, but money simply amplifies your true personality."

In this case, people who are greedy often can't budget very well. Some can earn up to $3k/week tax free and instead of stashing the money somewhere safe they spend it all on pointless luxuries that depreciates in value the older they get.

I can't say that I'm as good as an angel but I am in my best human behaviour possible. And I don't care if people hurl insults at me for being on my "high horse", that's just them projecting their own insecurities onto others. Besides, my ancestors were Eastern European steppe nomads and they do like being on their high horses lol.

My point is, if you want more money to punt or to even afford fancy dinners, you have to lay off many bad habits around money. Pokie machines, Star casino night outs, Uber eats etc.

I started out life with nothing much but only $1k in savings accumulated during high school. My family were not good with finances, and one time they were broke and jobless that I had to sacrifice uni to find a full-time job to put food on their table. After that ordeal I finally managed to go back to uni and finish off my degree. I was working in retail for 2 years after graduation before I finally landed a job that's related to my studies. I have picked up habits of visiting brothels since women here in Sydney are super cold and play hard to get (especially ABCs). By calculating how much spare cash I have after paying for necessities I decided that I would have a goal of saving up and only punting once or twice a month.

Slowly as I get my savings account up to five digits I saw my life changing for the better. I bought my car & bike 100% cash (no loans), paid off my HECS debt and started learning about investing. Within my first 10 years after graduation my net worth was around $50k. It could've been higher but I was helping out my family who were hopeless with finances.

I'm not super rich yet but it's nice to keep on seeing my savings balance and investments continue growing. And of course with the extra cash I would prefer spending a little more on better quality WLs, however with the Scarlet Blue reviews I still don't think they're worth the $500++ per hour.

If anyone had watched the old Netflix series Marco Polo, you would've remembered clearly the harem scenes where Khubilai Khan is in bed with his Queen and 10 other consorts. And for these consorts to stay in the royal harem, they have to pass many tests and have the Queen's approval otherwise they'd be sold off as slaves in the markets. That's how I view WLs in terms of quality and value for money - have good shape, gives out effort in bed and doesn't have a foul mouth.

That's that for my tips in having more money to do whatever you want including punting. You don't really need a six-figure income, just need to be smart with how you manage your finances. By the way, my first 10 years my annual income was between $40k - $60k before tax doing retail jobs and junior roles in my current career.

[rjdin]

Interesting post. Any tips for investing? I'm just building on my ETFs and individual shares so they have the same balance and to split the risk. I've thought about putting money into a side hustle but time is a big constraint.

[syd_azn_guy]

Interesting post. Any tips for investing? I'm just building on my ETFs and individual shares so they have the same balance and to split the risk. I've thought about putting money into a side hustle but time is a big constraint.

Exactly by investing, ifyou hapoen to buy the Oil ETF back in 2020 which was around $4, now its abiut $9. You ill bw doing ok plus the dividends, or buy tesla which is cheaper right now

[dotcumdotinyou]

There's a reason why Tesla is cheap and would not be a good long term investment. The rest of the worlds' car manufacturers are catching up.

[GoldfishMan]

In any type of investment, learning how to spot the bottom of a price cycle is an invaluable skill. Like that example about the oil ETF @ $4. It correlates with the price of crude bottoming out. How do you spot that?

And Tesla being "cheap". I personally do not think it is cheap yet.

I'll put it this way: the total global passenger car market value in 2020 was USD$1.32 trillion, and was expected to grow to USD$1.45 trillion in 2021. The market cap of Tesla, IE. The company value based on number of Tesla shares on issue X price per share, is today USD$866 billion, or USD$0.866 trillion. Back in Jan 2022, it was valued at USD$1.24 trillion.

So think about it. Based on the current MC, the market is saying Tesla has about 60% of the global passenger car market share. Or based on the Jan peak, 86% of market share.

There is no way they have that now or even will ever in the future.

[rjdin]

Is anyone holding onto any long investments now? If so, how long?

[JohnJones]

My instinct tells me that if somebody say to you he or she can time the market making money by buying low and selling high, don’t entrust a single dollar to him or her for investment, it is just a scam. Everybody in the investment management industry knows that no one is able to time the market correctly every time, not even the legends in the industry, it is just luck.

Instead of figuring how to make more money by investing short term (ie trading in shares, FX, commodities etc) to punt more, better be more pragmatic and spend your punting budget on “value for money punts” than “average punts” which will give you more satisfaction or marginal utilities.

Spot on. Never trusted investment gurus especially those offering advice in Motley Fool.

To be honest there's no single universal investment advice that works for everyone. Some got rich off Bitcoin, some through FX, some through ASX or commodities trading. And I very rarely make more than 50% investment net profit on any type of investments, especially short term. The most I made off Ethereum was 20% of my total investment, and it was a 3-6 months wait. Would love to make investing for profit as a full-time job but you'd have to be willing to invest at least $1m or more to make enough for a living. And if something like the Russia-Ukraine war happens overnight you'd better set up urgent alerts to sell otherwise most of it will go down the drain.

I focus more on my lifestyle. Clothes, sunglasses and shoes that looks stylish but sold in Kmart or Uniqlo is something I don't mind. My only expensive fashion choice is accessories like Swiss Automatic watches and 22K-24K gold jewelry. Yes, I don't like wearing local Aussie 18K gold, I used to buy all my jewelleries overseas. With the amount of money I save from having a simple lifestyle I can grow my bank account every year. And also punt whenever I want.

Just have a read on Warren Buffett's lifestyle. Being a billionaire he still drives a ute. No one needs to own a Lamborghini in a country that limits the speed to 110km/h, if you really want to experience driving sports cars you can always rent one for the week or so.

Also, pro tip for those who don't want to end up divorced with their partners claiming half your bank balances - get a job that pays about $10k lower than her. I was lucky to get out of a childless marriage while I was earning lower than the ex, and at that point she's much more worried that I'd go to court to claim half her property LOL

[stupidpunt]

Agree - this is solid advice!


Spot on. Never trusted investment gurus especially those offering advice in Motley Fool.

To be honest there's no single universal investment advice that works for everyone. Some got rich off Bitcoin, some through FX, some through ASX or commodities trading. And I very rarely make more than 50% investment net profit on any type of investments, especially short term. The most I made off Ethereum was 20% of my total investment, and it was a 3-6 months wait. Would love to make investing for profit as a full-time job but you'd have to be willing to invest at least $1m or more to make enough for a living. And if something like the Russia-Ukraine war happens overnight you'd better set up urgent alerts to sell otherwise most of it will go down the drain.

I focus more on my lifestyle. Clothes, sunglasses and shoes that looks stylish but sold in Kmart or Uniqlo is something I don't mind. My only expensive fashion choice is accessories like Swiss Automatic watches and 22K-24K gold jewelry. Yes, I don't like wearing local Aussie 18K gold, I used to buy all my jewelleries overseas. With the amount of money I save from having a simple lifestyle I can grow my bank account every year. And also punt whenever I want.

Just have a read on Warren Buffett's lifestyle. Being a billionaire he still drives a ute. No one needs to own a Lamborghini in a country that limits the speed to 110km/h, if you really want to experience driving sports cars you can always rent one for the week or so.

Also, pro tip for those who don't want to end up divorced with their partners claiming half your bank balances - get a job that pays about $10k lower than her. I was lucky to get out of a childless marriage while I was earning lower than the ex, and at that point she's much more worried that I'd go to court to claim half her property LOL

[cuteguy]

If guys are spending loads of cash on private WLs and then wondering why they have little left then who's to blame. If you can get diamond services under $300 at various shops why would you want to spend $500 or over to agencies or private girls? Use your money wisely. Tough times are ahead.

[JohnJones]

I once saw a blog written by an Aussie private WL based in Brissie. Can't remember her name. She blogged once about a bloke who rang to book her friend for an all day threesome so her friend asked her to join in. The bloke had a briefcase full of cash and was trying to get rid of the cash ASAP. Go figure.

You never see a decent person who saves up his hard earned money just to have a whole day threesome lol. And definitely do not be like the Indian doctor who stole money to fund a Korean WL's shopping spree. Sex feels good but it doesn't need to cost your life savings.

[Sibon]

If guys are spending loads of cash on private WLs and then wondering why they have little left then who's to blame. If you can get diamond services under $300 at various shops why would you want to spend $500 or over to agencies or private girls? Use your money wisely. Tough times are ahead.

2 months ago I had a war chest of $5000 for punting sitting in my top drawer. About $4000 were gone fast because I was careless. I have had 3 punts in a shop with 2 different MLs in an afternoon blowing away $550.

I have not been punting for weeks and I think I still have about $1200 punting cash left in the drawer. Fortunately for me many brick and mortar shops are going online. When they go online they need photos and that's where I come in. But good times are not a reason to waste hard-earned money.

There are good books to read, great music to listen to and great movies to watch beside punting.

I hope I could live up to what I've written today.

[JohnJones]

2 months ago I had a war chest of $5000 for punting sitting in my top drawer. About $4000 were gone fast because I was careless. I have had 3 punts in a shop with 2 different MLs in an afternoon blowing away $550.

I have not been punting for weeks and I think I still have about $1200 punting cash left in the drawer. Fortunately for me many brick and mortar shops are going online. When they go online they need photos and that's where I come in. But good times are not a reason to waste hard-earned money.

There are good books to read, great music to listen to and great movies to watch beside punting.

I hope I could live up to what I've written today.

I used up my bonus pay once on punting alone. After taste testing several WLs with positive ARs I was tempted to dig into my savings just to continue punting in the same week. I stopped myself and decided that I didn't want that kind of life where I'd easily pay for sex. Abstaining for a week or two is probably the best and the stamina that I didn't lose from punting enabled me to do a lot of productive and fun stuff.

I started learning about ecological conservation and how we can improve things like air, water and soil quality around us. As I live in an area that has lots of nature there's heaps of garden waste accumulated in my backyard, so I learned how to make charcoal out of them to use as many things - BBQ briquettes, water filtration, CO2 adsorption, dehumidifier and composting. If I had a farm I would've been able to make it large scale and turn it into a business but at the moment it's saving me money as I don't need to spend much money on buying household necessities. And I like doing most of my cooking outdoors, not that many expensive restaurants can give me the experience that outdoor cooking brings, plus it's wayyy cheaper to live this way.

[BennyB]

Warren Buffet owns a Cadillac. Has owned them for years. Also owned a half share in a Rolls Royce in his youth and travels in his private jet.

[krnboy]

Is anyone holding onto any long investments now? If so, how long?

Yeah, a few properties. Don't intend to sell at all as rental income is is great for cash flow. They have been appreciating ever since I first bought in 2011

[juscruisin58]

Is anyone holding onto any long investments now? If so, how long?

Yes, 4 investment properties on the Central Coast.
Purchased over time, first one in 2014, that property is now valued at 3x what I payed for it.
The last property purchased in 2018 has increased in value by 38%

The rental stream off all 4 is my living money minus overheads. Rentals range from $490 - $720 per week.

Owning all 4 inbestment properties and the family home outright makes a significant difference.

[JohnJones]

Yes, 4 investment properties on the Central Coast.
Purchased over time, first one in 2014, that property is now valued at 3x what I payed for it.
The last property purchased in 2018 has increased in value by 38%

The rental stream off all 4 is my living money minus overheads. Rentals range from $490 - $720 per week.

Owning all 4 inbestment properties and the family home outright makes a significant difference.

Hopefully not in Byron Bay/Ballina area... Those areas have been disastrous since last year's storm. I would still invest in areas right before Newcastle like West Gosford and the like.

Real estate is good investment if you bought them early. I think these days it's not too good of an investment if you're buying it at current market price. I'm investing in overseas real estate, doesn't cost as much as houses here in Australia and you can make back your capital investment within 10-15 years just from rent alone. Plus it's so cheap you can probably buy 10 properties for the price of a single property in the North Shore.

[xse3n3rgy]

I think with urban sprawl and the ridiculous amount of development going on, you can still buy a decent place for pretty cheap. You would have to go interstate though. Had a couple of investments in Brisbane just before the annoucmennt of the olympic games and it really helped jack the prices up. I sorta feel if you have a mil or so to invest somehow probably best to buy several properties rather than just one high cost property. Diversify and all.

[juscruisin58]

Hopefully not in Byron Bay/Ballina area... Those areas have been disastrous since last year's storm. I would still invest in areas right before Newcastle like West Gosford and the like.

Real estate is good investment if you bought them early. I think these days it's not too good of an investment if you're buying it at current market price. I'm investing in overseas real estate, doesn't cost as much as houses here in Australia and you can make back your capital investment within 10-15 years just from rent alone. Plus it's so cheap you can probably buy 10 properties for the price of a single property in the North Shore.

Not being a smartass, but Byron/Ballina is definitely not the Central Coast, they are the far North Coast.

And Gosford is not right before Newcastle, its a good hour and twenty minutes from Gosford to Newcastle.
Yes I am referring to the Central Coast, the area from Gosford to the bottom half of Lake Macquarie.
It is obvious you have no grip on the Australian Real Estate market.
Plus your sending Australian $$$$ overseas

[OLD SNAKE]

A lot of people live wage to wage, especially with inflation at its highest in a long time,
and its true you need to set up passive income for your long term retirement,
but saying this you still need to live and enjoy life and build memories, so when you are lying on your death bed you have no regrets.

[dotcumdotinyou]

I've held my BHP, Woolies, Wesfarmers, Comm bank shares for over 30 years now. Ramsey, CSL, Woodside for over 20 years. I recently got out of AGL, Transurban, Syd airports which I've held for a long time. And if they don't improve with oil over USD100 I'll get rid of Woodside in the next couple of months.

[kingqxxx]

Excellent topic.

Nice to see people bragging about what good investment they have and smart decision they made in the past. That aside, if you have to crunch the numbers and asking whether something is worth the money. It is already too much for you.

This applies to a $15 Bento Box, $500 WL session, your dream Ferreri or gulfstream G600. When your wallet grows your taste also changes but logic remains the same. So in short money is never enough. I think it is important to live within your means and be happy with yourself right at this moment.

To the OP, you won't find any $500+ session on Scarlett blue anymore. Try $750+ now

I am sure there is a price point out there for everyone to enjoy our common pastime :)

Happy punting to all

[JohnJones]

Not being a smartass, but Byron/Ballina is definitely not the Central Coast, they are the far North Coast.

And Gosford is not right before Newcastle, its a good hour and twenty minutes from Gosford to Newcastle.
Yes I am referring to the Central Coast, the area from Gosford to the bottom half of Lake Macquarie.
It is obvious you have no grip on the Australian Real Estate market.
Plus your sending Australian $$$$ overseas

Hahaha, what a beta!

No point in arguing with betas. A beta will always be a beta.

[JohnJones]

Excellent topic.

Nice to see people bragging about what good investment they have and smart decision they made in the past. That aside, if you have to crunch the numbers and asking whether something is worth the money. It is already too much for you.

This applies to a $15 Bento Box, $500 WL session, your dream Ferreri or gulfstream G600. When your wallet grows your taste also changes but logic remains the same. So in short money is never enough. I think it is important to live within your means and be happy with yourself right at this moment.

To the OP, you won't find any $500+ session on Scarlett blue anymore. Try $750+ now

I am sure there is a price point out there for everyone to enjoy our common pastime :)

Happy punting to all

$750++?! Woah!

That's 3 hours diamond service in major Sydney brothels lol.

My first brothel visit, $150/hr was already a lot of money. Gradually the price point doesn't feel too much as I increase my investments and net worth.

The point isn't about bragging about my net worth etc., but of course people have a way of calling the success of others as "bragging". For some it may have been their upbringing of being seen rich as "evil", others it could be jealousy and the impulse to bring others down.

My parents had been hopeless with finances since I was young. So many things they could've given to me and my siblings such as a brighter future but they only think of their own enjoyment. My dad owned a BMW 5 series but only gave me $2 a day to spend in school lunches. As I grow older both parents were made redundant, sold off everything and became poor. I had to defer uni to support them and my siblings for a whole year. And that's what motivated me to become much more financially savvy.

And hearing how some punters here are breaking the bank to punt and thinking that they can magically make huge profits in investments and gambling to continue punting is silly. Sharing my tips in having more money to do whatever I want is far from bragging. It's like you're saying that a person dropping 50¢ in front of a beggar in Town Hall is trying to brag in front of all the passer-bys. There's really nothing to brag if it's just 50¢, but to the beggar 50¢ is very valuable.

However, if you want to continue becoming poor from excessive punting and unnecessary spending then be my guest, just try not to justify and be proud of having no money at the end of the week because that is simply silly.

[kingqxxx]

$750++?! Woah!

That's 3 hours diamond service in major Sydney brothels lol.

My first brothel visit, $150/hr was already a lot of money. Gradually the price point doesn't feel too much as I increase my investments and net worth.

The point isn't about bragging about my net worth etc., but of course people have a way of calling the success of others as "bragging". For some it may have been their upbringing of being seen rich as "evil", others it could be jealousy and the impulse to bring others down.

My parents had been hopeless with finances since I was young. So many things they could've given to me and my siblings such as a brighter future but they only think of their own enjoyment. My dad owned a BMW 5 series but only gave me $2 a day to spend in school lunches. As I grow older both parents were made redundant, sold off everything and became poor. I had to defer uni to support them and my siblings for a whole year. And that's what motivated me to become much more financially savvy.

And hearing how some punters here are breaking the bank to punt and thinking that they can magically make huge profits in investments and gambling to continue punting is silly. Sharing my tips in having more money to do whatever I want is far from bragging. It's like you're saying that a person dropping 50¢ in front of a beggar in Town Hall is trying to brag in front of all the passer-bys. There's really nothing to brag if it's just 50¢, but to the beggar 50¢ is very valuable.

However, if you want to continue becoming poor from excessive punting and unnecessary spending then be my guest, just try not to justify and be proud of having no money at the end of the week because that is simply silly.

I think we are violently agreeing with each other here. The key is live within your means. There is no magically formula to financial freedom unless you are born that way (most of us are not)

[juscruisin58]

Hahaha, what a beta!

No point in arguing with betas. A beta will always be a beta.

Oh dear, poor Johnny, lucky I'm not an Alpha, I'd tell you what I'm really thinking.
You must be a sensitive little thing if a simple geography lesson sets you off

[krnboy]

I think we are violently agreeing with each other here. The key is live within your means. There is no magically formula to financial freedom unless you are born that way (most of us are not)

This is also solid advice. Simply, the more you earn, the more you would spend. Don't live above your means and you'll be alright