RIP, Wallet

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Originally Posted by Footballpunter

I only do stocks and options. Currently, interest yields are also pretty good too in certain brokerage accounts. If you can earn 4.5% just on brokerage cash, then 40000 x 4.5% = 1800. And if each punt cost $300, your $1800 can allow you to do it 6 times.

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Looks like I better start saving!

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Originally Posted by Footballpunter

I only do stocks and options. Currently, interest yields are also pretty good too in certain brokerage accounts. If you can earn 4.5% just on brokerage cash, then 40000 x 4.5% = 1800. And if each punt cost $300, your $1800 can allow you to do it 6 times.

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BHP is 8.55% Woodside even higher 9.63% then add all the banks every year I get a nice payment from the tax office for franking credits and then twice a year dividends. Beats putting your money in the bank.

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Originally Posted by JSteel96

BHP is 8.55% Woodside even higher 9.63% then add all the banks every year I get a nice payment from the tax office for franking credits and then twice a year dividends. Beats putting your money in the bank.

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Yea, if you are going long with dividend stocks then you get to enjoy their handsome dividend yields. Instead of reinvesting the dividends, you can cash out once awhile to build your punting funds. Right on.

Set yourself some rules when you're on a budget. If you can, make sure to leave your phone at home/car and take cash with you especially when you're doing MLs as it's hard to control yourself when the extras unexpectedly pile up. I try to set myself to 10% of weekly income. I like to purposely restrict myself so that I can focus on goals to obtain more financial freedom to pursue this hobby further.

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Originally Posted by GoldfishMan

I'm fucked, like literally. Family going away on a months long holiday to see family and friends. I'm stuck with only my cat keeping tabs on me. Essentially a single guy again for a few months!

Lord help me, I can only imagine how much damage this is going to inflict on my bank account.

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Good luck to you…


I’m already pretty bad going 3-4 times a week..

Good thing these shops don’t accept credit cards… if they did: id increase my credit limit and go everyday for a year. I’d be like Leo in The wolf of Wall Street spending his Amex card on “EJ Entertainment” and his dad yells at him about it.


https://youtu.be/rC9uDbq6WWE

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Originally Posted by TheOtherI

Looks like I better start saving!

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Yea, these things take time to build. It never happens over night. But also never too late to start.

I remember when I was young and single, I would try saving up to 70% of every pay check and try to live on the other 30%. It was very very uncomfortable, but doable. Another thing that is helpful in building wealth is invest in yourself, especially when you are young. Spend the time and money to take a course or earn some kind of license. Then suddenly you can provide way more value and get better jobs/earn more.

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Originally Posted by NightShift

Good luck to you…


I’m already pretty bad going 3-4 times a week..

Good thing these shops don’t accept credit cards… if they did: id increase my credit limit and go everyday for a year. I’d be like Leo in The wolf of Wall Street spending his Amex card on “EJ Entertainment” and his dad yells at him about it.


https://youtu.be/rC9uDbq6WWE

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I thought they do accept cards, but it comes with a hefty surcharge, like 5%-10%. 3-4 times a week on a regular basis in pretty insane tho haha.

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Originally Posted by Blaec

Set yourself some rules when you're on a budget. If you can, make sure to leave your phone at home/car and take cash with you especially when you're doing MLs as it's hard to control yourself when the extras unexpectedly pile up. I try to set myself to 10% of weekly income. I like to purposely restrict myself so that I can focus on goals to obtain more financial freedom to pursue this hobby further.

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you got that right, focusing on financial freedom is more important.

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Originally Posted by Footballpunter

I thought they do accept cards, but it comes with a hefty surcharge, like 5%-10%. 3-4 times a week on a regular basis in pretty insane tho haha.

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They do accept credit cards? But with a surcharge?! Oh F that! Nope.

Yeah. 3-4 times a week lately. BUT I do live within my means and I do the 50/20/30 rule. I still save money with every paycheque and I go see girls with the 30% wants money.

I highly recommend 50/20/30 rule.

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Originally Posted by NightShift

Good luck to you…


I’m already pretty bad going 3-4 times a week..

Good thing these shops don’t accept credit cards… if they did: id increase my credit limit and go everyday for a year. I’d be like Leo in The wolf of Wall Street spending his Amex card on “EJ Entertainment” and his dad yells at him about it.


https://youtu.be/rC9uDbq6WWE

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Would you even want to use your credit card in one of those shops? I would be worried the card got skimmed. Also not a good idea to use a CC in a shop if your in a relationship or married. 3-4 times a week wow do you got any of your take home pay left after that?

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Originally Posted by Footballpunter

Yea, if you are going long with dividend stocks then you get to enjoy their handsome dividend yields. Instead of reinvesting the dividends, you can cash out once awhile to build your punting funds. Right on.

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Exactly right I take a portion of my dividends payments which are kept aside for punting and the SB and use all the franking credits to and the rest is reinvested. Also buy safe asx stocks lower and sell for a profit plus do my own online selling so I got financial freedom. I don't know how the guys on here with a regular job and no investments, punting 3 to 4 times a week are having any money left each week?

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Originally Posted by JSteel96

Exactly right I take a portion of my dividends payments which are kept aside for punting and the SB and use all the franking credits to and the rest is reinvested. Also buy safe asx stocks lower and sell for a profit plus do my own online selling so I got financial freedom. I don't know how the guys on here with a regular job and no investments, punting 3 to 4 times a week are having any money left each week?

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Don't know how other people do it. Investing money is truly a way to reach financial freedom for hobbies, especially when we have an expensive one. To me, it's actually better than picking up an extra shift of work, because it requires less time.

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Originally Posted by Footballpunter

Don't know how other people do it. Investing money is truly a way to reach financial freedom for hobbies, especially when we have an expensive one. To me, it's actually better than picking up an extra shift of work, because it requires less time.

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I've been working for myself more than a decade it beats a paid job and makes it much easier with the investing to afford punting and my regular sb. Working jobs that are low pay is just to hard with this hobby.

Yup. Saving money every fortnight and then investing it into something = wonderful passive income $$$$ to go out and have some fun with girls.

50/20/30 rule:

Each paycheque:

50% = Needs (bills, rent, food etc)

30% = Wants (iPhone 14 Pro, new shoes, fun with girls!)

20% = Save! (I usually save more than 20%, I also save all the money I didn’t use from the last paycheque.)

Plus: all the money I have invested, I take the interest I made from it and I use it as my extra money to “have fun with girls”