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  • Originally posted by Blue View Post

    In normal financial conditions , its just a good thing to live off income to regulate yourself. Modest income , modest life. Spending down cash can be done towards the end.
    I completely disagree. What would be the point in hanging onto your 2 million dollars capital and only living off income you can generate from it until you're say 70? Firstly, by investing it you're putting it at risk, and secondly you may not make 70.

    Screw investment. Bank it, spend it down at $60k per year, and relax.

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    • Originally posted by Arthur Daley View Post
      I completely disagree. What would be the point in hanging onto your 2 million dollars capital and only living off income you can generate from it until you're say 70? Firstly, by investing it you're putting it at risk, and secondly you may not make 70.

      Screw investment. Bank it, spend it down at $60k per year, and relax.
      i was thinking more like 30- $35,000 per year. I like low overhead. Focus on value. I have some nice stuff but its all paid for. I just know im not spending that even now.

      .

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      • Arthur, I was reading NZ Hansard and came across new legislation that is increasing the amount of time you have to be living in NZ before eligilble to receive their govt pension. It's currently 10 years but it will be doubled to 20 years. This means Ergenbergensmurgen will no longer be able to slink back into the country when he retires an old man & expect a free handout from the hard working people of NZ

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        • I recall that NZ has a non contributions based system but it requires a period of residency in later life to qualify. The UK doesn't have such a requirement, and as of this year I'm fully paid up. I doubt I'll ever be reliant on that pension though. It's a contingency plan.


          It wouldn't surprise me if he plans to slink back into NZ during his late 50s or early 60s to again parasite off the place (having been educated by it then fleeing shortly afterwards) even though he's never contributed to its economy. Hopefully they'll change the rules before then.

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          • Originally posted by Mr Tinkles View Post
            Arthur, I was reading NZ Hansard and came across new legislation that is increasing the amount of time you have to be living in NZ before eligilble to receive their govt pension. It's currently 10 years but it will be doubled to 20 years. This means Ergenbergensmurgen will no longer be able to slink back into the country when he retires an old man & expect a free handout from the hard working people of NZ
            I read that...



            24/7.

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            • interesting. Looks like a parasite crackdown is coming.

              nz.jpg

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              • ^ Yes thats the one. I believe it was to stop the likes of Chinese and Indian immigrants bringing their retired parents over. The retired parents live in the country for 10 years and then become entitiled to a govt pension even though they have contributed nothing to the country

                Ergenbergens case would be classified as 'colateral damage' however I believe it is fair he's treated the same as he was nothing but a drain on the country till his departure to South East Asia. Assuming he is 50 years of age I think he is now screwed - a 17 year wait!
                Last edited by Mr Tinkles; 08-24-2021, 03:19 PM.

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                • Originally posted by Mr Tinkles View Post
                  ^ Yes thats the one. I believe it was to stop the likes of Chinese and Indian immigrants bringing their retired parents over. The retired parents live in the country for 10 years and then become entitiled to a govt pension even though they have contributed nothing to the country
                  Ergenbergens case would be classified as 'colateral damage' however I believe it is fair he's treated the same as he was nothing but a drain on the country till his departure to South East Asia. Assuming he is 50 years of age I think he is now screwed - a 17 year wait!
                  It's fair enough. The UK uses a contributions-based system from age 16 which requires 35 years for a full pension. It's possible to pay in voluntarily at a reduced rate even if working abroad, which I took advantage of at the time.

                  The NZ system being based on 10 years residency meant that kiwis in their mid 20s could flee the place then come crawling back age 60 and expect a full pension shortly afterwards. Now that's being reduced to age 50 by increasing the residency requirement to 20 years it means they'll have to reintegrate into the economy long before leeching off it. Tiny is late 40s so rapidly running out of time to get some PacknSave job applications in .

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                  • Originally posted by Mr Tinkles View Post
                    ^ Yes thats the one. I believe it was to stop the likes of Chinese and Indian immigrants bringing their retired parents over. The retired parents live in the country for 10 years and then become entitiled to a govt pension even though they have contributed nothing to the country

                    Ergenbergens case would be classified as 'colateral damage' however I believe it is fair he's treated the same as he was nothing but a drain on the country till his departure to South East Asia. Assuming he is 50 years of age I think he is now screwed - a 17 year wait!
                    Getting retirement / financial 'advice' from a kiwifruit-picking sex pest / tourist / trafficker lonely drunken bitch who grovels to a pathological liar and spends his days obsessing about me will never not be awesome.

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                    • The ignorance shown on the last few pages of this thread is shocking
                      Keep your friends close and your enemies closer

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                      • Originally posted by Ergenburgensmurgen View Post

                        Getting retirement / financial 'advice'

                        You're being laughed at, you rancid piece of shit. Only an entitled jackarse narcissist would delude himself that he's being advised.

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                        • Originally posted by Arthur Daley View Post
                          .
                          The keys are to:

                          Not be a breeder. Trees, insects, bacteria, they can all reproduce. Only humans can choose not to, so why throw away that amazing gift? Donate to sperm banks when young to get paid for sowing your seed.

                          Work smart not hard. Take jobs which have inherent additional opportunities, like being able to set up your own business from what you learn from them. Then sell the business for £xxx,xxx

                          Make hay when the sun shines. Be sure to have at least double coming in as is going out during your working periods

                          Write. I'm still earning from stuff I wrote in the noughties. I'm slowly working on something new which should be a massive seller when self-published next year. It's only a hobby though and I'm not financially reliant on it.

                          Sue people and know how to win. Don't be a sad wanker that vexatiously threatens to sue people in order to win a forum shitfest. Sue wealthy targets that you can beat, preferably via a long drawn out battle. In the late 90s I won enough to put down a deposit on a house and travel for 2 years, in 2019 I won six £ figures after an almost three year battle, and my third attempt is looking likely to be the biggest payout yet.
                          Post of the week!

                          Some members could do well and take this information on board. Especially angry ones from Chiang Mai

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                          • Keep your friends close and your enemies closer

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                            • Originally posted by Mr Tinkles View Post

                              Post of the week!

                              Some members could do well and take this information on board. Especially angry ones from Chiang Mai
                              Friday and the drunk lonely butt-sniffing bitch clocks-in for her shift.

                              Comment


                              • Originally posted by Mr Tinkles View Post

                                Some members could do well and take this information on board. Especially angry ones from Chiang Mai
                                Anger caused by spending 10 million baht on school fees for something free in your native country, then having to go crawling back there soon before hitting 50 to earn the state pension you're reliant on

                                Comment

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