Education & Work Employee, Self-employed, Business Owner, Investor?

Discussion in 'Living Room' started by Steven Ryan, 20th Aug, 2015.

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What best describes you?

  1. Employee

    32 vote(s)
    58.2%

  2. Self-employed

    11 vote(s)
    20.0%

  3. Business owner

    15 vote(s)
    27.3%

  4. Multi-business owner

    5 vote(s)
    9.1%

  5. Investor

    20 vote(s)
    36.4%

  6. Other (specify)

    4 vote(s)
    7.3%
Multiple votes are allowed.
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  1. Steven Ryan

    Steven Ryan Well-Known Member

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    Posts:
    2,656
    This question's based on a concept I was introduced to on Somersoft many moons ago. The "Cashflow Quadrant".

    I've expanded a little to satiate my curiosity.

    So what best describes you; which of these is your main source of income?

    You can select multiple options but please elaborate if you wish e.g. if you're content where you are, if/when you transitioned from one to another etc.
     
    Steven Ryan, 20th Aug, 2015
    #1
  2. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    Well

    To the ATO I am an employee as I get PAYG from the company I am director of. To lenders I am self employed and a business owner. And I invest. So I guess all?

    How about you Steve?
     
    DaveM, 20th Aug, 2015
    #2
    158 and Brian84 like this.
  3. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    Winging it.
     
    Biz, 20th Aug, 2015
    #3
  4. Azazel

    Azazel Well-Known Member

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    8,091
    Location:
    Brisbane
    Employee, but following a plan that will release me from the shackles in the not too distant future.
     
    Azazel, 20th Aug, 2015
    #4
  5. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Same here.
     
    larrylarry, 20th Aug, 2015
    #5
  6. Ace in the Hole

    Ace in the Hole Well-Known Member

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    Location:
    Sydney
    I would have to say business has been the best and most consistent income/cashflow generator for us over the past 10 years.
    However, now that the property portfolio is built up, an average years CG will generate more equity than our earned income.
    No problem though, all this pent up equity will create quite a nice passive cashflow soon enough.
     
    Ace in the Hole, 20th Aug, 2015
    #6
  7. Brian84

    Brian84 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,156
    Location:
    Sydney
    I'm the same as Dave M
     
    Brian84, 20th Aug, 2015
    #7
    158 likes this.
  8. Ace in the Hole

    Ace in the Hole Well-Known Member

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    18th Jun, 2015
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    Location:
    Sydney
    Me too, but I'd never say I was the same as Dave M:eek:
     
    Ace in the Hole, 20th Aug, 2015
    #8
    Coota9, Brian84 and 158 like this.
  9. Brian84

    Brian84 Well-Known Member

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    Location:
    Sydney
    Touché
     
    Brian84, 20th Aug, 2015
    #9
  10. Brian84

    Brian84 Well-Known Member

    Joined:
    18th Jun, 2015
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    Location:
    Sydney
    I'm actually multi business owner but one is yet to start trading although it is registered.
     
    Brian84, 20th Aug, 2015
    #10
  11. Ace in the Hole

    Ace in the Hole Well-Known Member

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    Location:
    Sydney
    I'd be interested to know some stats on the 33% of people who say their mains source of income is from investing.
    Is that net income you're counting as?
    We'd have to be playing at Nathan Birch levels to come close to making property the main income source, and that's not happening any time soon.
     
    Ace in the Hole, 20th Aug, 2015
    #11
  12. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    4,144
    Location:
    Inside your device
    When I go on tv game shows, I describe myself as the CEO of a multi-National Company.:cool:






    But seriously;

    I own a business
    I therefore am self-employed, I guess
    I pay myself a wage from that business
    I also invest in r/e
     
    Last edited: 22nd Aug, 2015
    Bayview, 22nd Aug, 2015
    #12
    larrylarry likes this.
  13. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,626
    Location:
    At work
    I am all of those options except multi-business, but at this stage predominantly an employee.
     
    Bran, 22nd Aug, 2015
    #13
  14. wombat777

    wombat777 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,565
    Location:
    On a Capital and Income Growth Safari
    Employee for the last 26 years, 20 of those with my current employer.

    A property investor for 3 months ( 5 months if I include the initial due diligence phase ).
     
    wombat777, 22nd Aug, 2015
    #14
  15. Rixter

    Rixter Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    573
    Location:
    Portfolio Perth Brisbane Sydney Melbourne
    Follically challenged?
     
    Rixter, 22nd Aug, 2015
    #15
  16. Brian84

    Brian84 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,156
    Location:
    Sydney
    Something like that
     
    Brian84, 22nd Aug, 2015
    #16
  17. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    employee / investor
     
    WattleIdo, 22nd Aug, 2015
    #17
  18. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    Ace is far worse than me :p
     
    DaveM, 23rd Aug, 2015
    #18
    Brian84 likes this.
  19. Gockie

    Gockie Life is good ☺️ Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    14,781
    Location:
    Sydney
    Employee with a few side jobs (Airbnb hosting and volleyball venue manager and referree)
     
    Gockie, 23rd Aug, 2015
    #19
  20. Beelzebub

    Beelzebub Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    822
    Location:
    Lost
    what's 'cash-flow quadrant'?
     
    Beelzebub, 23rd Aug, 2015
    #20
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