If you have <$1M, the only investing advice you need is:
Learn how to make money not invest it.
Both are hard. But it’s easier to turn $100k into $2M actively than it is to turn $100k into $500k passively.
Besides, you don’t wanna save for 20 years only to realize inflation compounds too.
Your entire life changes the moment you realize you have main character armor.
You're going to make it through every hard, insane, surprising thing the movie of your life throws at you except for one: the end.
So you might as well dream big and shoot big because you're going to make it through, no matter what, except for the one time you don't.
And the moment that happens you don't have to watch the movie anymore.
You can get back at everyone whoever wronged you, wanted you to fail, or held you down by simply being happy.
There is nothing that makes an adversary feel more powerless than you just continuing to live your life as though they never affected it, because they never did.
What happens when you die:
They divide up your shit.
They summarize your life in 500-1000 words.
People who knew you less say sorry to people who knew you more.
Everyone eats, drives home, and wakes up the next day and goes to work.
Whatever you’re worried about won’t be in those 500 words.
You can dare greatly or not at all, but you’re gonna die either way.
Might as well squeeze every motherfucking drop out.
“Australian Immigration: Rule by Bureaucrat.
Australia is to bureaucratic administration what Russians are to chess. It was born a police state, evolved into a genteel British administocracy, and then following WWII and in line with the American New Deal, its bureaucracy exploded. Rule by committee has been an Australian specialty.
Abul Rizvi, who was Deputy Secretary of the Department of Immigration and managed Australia’s migration program from 1995 to 2007, is the perfect encapsulation of Australia’s Rule by Bureaucrat.
For Rizvi, migration is a technocratic puzzle to be solved, and he and his colleagues have the answer. Politicians are fickle dunderheads who need to be nudged towards it. The public are best kept out of it altogether. Australia’s immigration policy is on rails. It can be managed up or down, but you best not worry your pretty head over it — Rizvi’s caste of bureaucrats have their hand firmly on the wheel.
Rizvi’s remarkable admission goes like this.1 It turns out that Rizvi was the guy who persuaded former Prime Minister Howard and the Liberals to turn on the immigration gasket in 2001. This was done via subterfuge. A pact with universities. They would be handed control over international student numbers, from whom they profited (do you ask the barber if you need a haircut?). Their role would be to skill up migrants because there were insufficient skilled migrants to draw from. What happened was exactly what you’d expect: international student visas exploded. 108,827 student visas in 1998 grew to 786,891 in 2023, making it by far the highest percentage of international students in the world (almost 3x the runner-up’s per capita intake — the UK). Rizvi says Howard was afraid of losing control of migration via this scheme. And that is exactly what happened.
To Rizvi, all is going to plan. The number he is focused on optimising is population age. (We’re all hearing this for the first time.) Rizvi’s conception of his job seemed to be ‘pump immigration to slow down population aging because fertility is declining’. This has a name for it: managed decline. An indeterminate pessimist's view of the world. Which makes sense for a technocrat in a rudderless nation. Handling the levers of power to manage for a single number, denying any trade-offs,2 blithely unaware that he was presiding over one of the greatest policy and cultural experiments in Australian history.”
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This is a good article by Cam Murray, (link in comments) not just about immigration, but how bureaucrats run Australia.
The only point missing in the article is that Kevin Rudd poured fuel on Howards immigration recklessness by allowing foreign students to buy houses.
It’s true bureaucrats run rings around politicans because they are fickel dunderheads.
The major parties nuture these fickel dunderheads because they exclude anyone who is not afraid to call a spade a spade.
That is why we need a new political party that is run by the people and not party apparatchiks. I.e. yes men.
If you want to have a real say inside a political party that will listen to its members, please consider joining https://t.co/C2dQTDCG7w
We are setting up branches across the country with the goal of establishing a grassroots political party to implement change that will put Australians First.
Join me and millions of Australians tomorrow for cash-out day.
Withdraw some cash from an ATM and show the cashless society advocates that cash is still king.
Cash is safe. Cash is not hackable or trackable. Cash is immune to power and internet outages. Cash is bank fee free. Cash supports your local economy. Cash is freedom.
I crucified Him.
I didn’t drive the nails—but I may as well have.
I saw Him—bloodied, broken, skin torn—and I wept.
Because I knew the truth:
This wasn’t just history.
It was personal.
And yes…
You did it too.
🩸✝️
A THREAD 🧵👇🏻
1/10
In Australia I get taxed
- when I buy something
- when I earn money
- when I save
- when I invest & realise a profit
- when I employ people
- when I own land
- when I drive
- when I park
- when I drink alcohol
- when I own a dog
- when I give something to my staff
- when I use water
- when I turn on the lights
- when I start a business
- when I register a company
- when I buy a house
- when I visit a national park
- when I own a car & get permission to drive
- when I drive on a decent road
- when I want a public service department to do something
And still - wallowing in mismanagement & incompetence - all three levels of government are broke.
“Outgoing ABC managing director David Anderson will remain one of the country's highest earners for the rest of his life despite quitting his $1.15million job – all thanks to you.
Under the Commonwealth Superannuation Scheme, Mr Anderson, who first joined the public broadcaster as a bike courier in Adelaide in 1989 and enjoyed a 35-year career at the ABC, is entitled to an annual CPI-indexed pension of at least 37 per cent of his final salary.
That would put the outgoing ABC boss's total taxpayer-funded annual pension at almost $430,000 – more than four-and-a-half times the nation's average income.
However, sources within the ABC have hinted Mr Anderson may have negotiated an even higher pension package.”
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There is some confusion about a post I made the other day regarding means testing superannuation.
Just to clarify I am referring to defined benefit schemes such as the one above for bureaucrats excluding the military. Furthermore I am not referring to State schemes for teachers and nurses etc.
Defined benefits schemes are different to contribution schemes where the employer/employee pays circa 12% of their own wage into super.
Defined benefits are based on a percentage of a bureaucrats final salary and excludes what they themselves contributed. As you can see they are very generous. Paying out $400,000 a year for the next 30 years to a bureaucrat who was earning over a million a year just doesn’t pass the pub test.
Contribution schemes are different to defined benefits because the contributions are vested, unlike defined benefits which cost the taxpayer around $10 billion a year.
These gold plated defined benefit pensions is what needs to be means tested just like everyone else is means tested if they are to receive the age pension.
Quote from:
https://t.co/d6zk71rEAI
#auspol
I started work at 5am this morning, and just finished now.
Since I work harder than others, I earn a bit more.
In Communist Australia I am punished for this with a higher tax rate.
I subsidise champagne communists who choose to do infinite uni and work at cafes into their 40s.