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What does everyone do for a living!

Discussion in 'Investing Strategies' started by Triu, 13th Aug, 2007.

  1. Triu

    Triu Well-Known Member

    Joined:
    1st Sep, 2006
    Posts:
    161
    Location:
    WA
    Hi everyone just want to ask you all what you are currently doing in your jobs if not in business.

    While building your portfolios?

    are you a) Working full time in a ok JOB

    b) Investing full time

    c) Running own Business

    Thanks for the input!
     
  2. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
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    932
    Location:
    Sydney, NSW
    I'm in group a) - I'm a network engineer in a financial transactions (eftpos/epayments etc) company.
     
  3. Mark Laszczuk

    Mark Laszczuk Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    793
    Location:
    Brisbane
    Paraplanner.

    Mark
     
  4. TheCamel

    TheCamel Active Member

    Joined:
    13th Aug, 2007
    Posts:
    30
    Location:
    Canberra
    working full time, infrastructure support/operations administration.

    IT stuff.
     
  5. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart
    IT stuff, but without the certification.
    doing IT helpdesk (including remote desktop support, and application support for Hummingbird) for a multinational, supporting Australian clients.
     
  6. Dr Lobster

    Dr Lobster Well-Known Member

    Joined:
    12th Jun, 2006
    Posts:
    95
    Location:
    sydney nsw
    fight boredom.
     
  7. transit

    transit Well-Known Member

    Joined:
    1st Jan, 2006
    Posts:
    58
    a combination of b) & c)

    how about you triu?
     
  8. pjb89

    pjb89 Active Member

    Joined:
    1st Sep, 2005
    Posts:
    29
    Location:
    Abu Dhabi
    I work in the construction industry - project manangement
     
  9. Simon

    Simon Well-Known Member

    Joined:
    17th Sep, 2005
    Posts:
    520
    Location:
    Newcastle
    I help people get what they want.
     
  10. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    I think I am in group B.
     
  11. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
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    Location:
    Sydney, Australia
    I was A until earlier this year, but now I am C (self employed).

    If you can earn a good salary from full time work, I think this is the best way to build your investment portfolio - especially via real estate, since the banks will generally throw money at you if you work for a large "stable" organisation and have a good income.
     
  12. Triu

    Triu Well-Known Member

    Joined:
    1st Sep, 2006
    Posts:
    161
    Location:
    WA
    I am in A category trying to get into B & C fulltime but need more equity!

    Am currently studying for Cert 4 Mortgage Broking and Diploma of Lending.

    consistently learning and educating myself about investing. Want to have financial freedom when i am about 60.

    Can anyone give me the Lotto numbers? hehhehee....
     
  13. johnnyb

    johnnyb Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    190
    Location:
    Hobart
    Your option a) is too restrictive. If you'd left out the word 'ok', or better yet, substitue 'ok' with 'boring', then it would appy to me :(

    John.
     
  14. Triu

    Triu Well-Known Member

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    1st Sep, 2006
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    Location:
    WA
    Yeah your right the Johnny point A) should of been boring but stable job!!!!
     
  15. Leandro

    Leandro Well-Known Member

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    8th Dec, 2005
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    Location:
    Sydney
    Hey Sim,

    Has been self employed made things harder with lending at the banks now?
     
  16. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Location:
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    I haven't tried yet - but my broker always advised me not to quit my job (I didn't - I was made redundant!) because my servicability with the banks would disappear completely until I had a couple of years worth of other sources of income to convince the banks that I could borrow more.

    I could of course go lo/no-doc, but the lower LVRs (and the fact that I was previously borrowing to 90%) means that I now have to wait for quite a bit more growth from my properties to make refinancing worthwhile.

    This is why I love margin loans :D
     
  17. Leandro

    Leandro Well-Known Member

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    8th Dec, 2005
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    Location:
    Sydney
    That mentality by banks is quite annoying isn't it, because really a job working for someone else is no more secure than you working for yourself. As was proven in your case.
     
  18. smeggett

    smeggett Member

    Joined:
    20th Jun, 2007
    Posts:
    12
    Location:
    SA
    well I guess it an A here in answer to the original question, however the job is better than OK - its actually quite fun yet challenging!! Give me money and watch me make things appear - it almost sounds too simple (but trust me - it isn't!)

    smeggett
     
  19. Tzaki

    Tzaki Well-Known Member

    Joined:
    20th Sep, 2005
    Posts:
    72
    Location:
    Canberra
    I am in B but my wife still works part time as she enjoys what she does.:D
     
  20. Meggsy

    Meggsy Well-Known Member

    Joined:
    15th Feb, 2007
    Posts:
    61
    Location:
    Brisbane, QLD
    Student (BCommerce/BInfTech) at UQ and I work on an ITHelpdesk casually to fund my investing or pay for fuel hehe.