Reply With QuoteAmazon Flex is also a good option, FYI.Drive an Uber shift, punt, repeat.
Damn, do you run any seminars or courses on how to do this?Originally Posted by Footballpunter
I’ve been active in the Stockmarket for almost as long as I’ve been punting, 25 yrs. And for the past 18 months I haven’t made enough for a single handjob.
Amazon Flex is also a good option, FYI.Drive an Uber shift, punt, repeat.
*not financial advise* The stock market has been a total disaster since 2021. S&P500 down 20+% last year and so is nasdaq. However, there are still ways to make money in it. To start, you have to pick a company with good underlying fundamentals. This is also called fundamental analysis.
Here is an example of many you can do. Take a look at a company's financial report, look for their free cash flow, if they are cash flow positive, then pit it against their total debt. The question you are asking here is do they have the availability to pay off their debt. If yes, then that's good. If not, then ask how long can they last until they run out of money? Let's say for a shitty company like Nikola, they only have enough cash to stay afloat for 6 more month. Then you know that within these 6 month, you would have to 1, do a stock offering that will dilute their shares, meaning stock going down, or 2, borrow more debt, which will put pressure on the bottom line with extra interest payments. So just by doing this simple and quick analysis, you know that this stock is gonna tank. And guess what, they just recently announce they will do a stock offering that will double the current shares outstanding, or in simple terms, a $2 stock will turn into $1 stock afterwards. When you have this kind of knowledge, then you probably won't invest in it and lose money.
*again, not financial advise, don't sue bro*
Out of interest, so you play with futures? Or just straight up buy/hold and sell?
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.
Looks like I better start saving!
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.
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.
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
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.
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.
you got that right, focusing on financial freedom is more important.
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.
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?
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?
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.
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”
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