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Employee, Self-employed, Business Owner, Investor?

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

?

What best describes you?

  1. Employee

    31 vote(s)
    57.4%
  2. Self-employed

    11 vote(s)
    20.4%
  3. Business owner

    15 vote(s)
    27.8%
  4. Multi-business owner

    5 vote(s)
    9.3%
  5. Investor

    20 vote(s)
    37.0%
  6. Other (specify)

    4 vote(s)
    7.4%
Multiple votes are allowed.
  1. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    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.
     
  2. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    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?
     
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  3. Biz

    Biz Well-Known Member

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    Winging it.
     
  4. Azazel

    Azazel Well-Known Member

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    Brisbane
    Employee, but following a plan that will release me from the shackles in the not too distant future.
     
  5. larrylarry

    larrylarry Well-Known Member

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    Same here.
     
  6. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    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.
     
  7. Brian84

    Brian84 Well-Known Member

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    Sydney
    I'm the same as Dave M
     
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  8. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Me too, but I'd never say I was the same as Dave M:eek:
     
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  9. Brian84

    Brian84 Well-Known Member

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    Sydney
    Touché
     
  10. Brian84

    Brian84 Well-Known Member

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    I'm actually multi business owner but one is yet to start trading although it is registered.
     
  11. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    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.
     
  12. Bayview

    Bayview Well-Known Member

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    Mornington Peninsula
    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
    larrylarry likes this.
  13. Bran

    Bran Well-Known Member

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    Location:
    At work
    I am all of those options except multi-business, but at this stage predominantly an employee.
     
  14. wombat777

    wombat777 Well-Known Member Premium Member

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    Location:
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    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 ).
     
  15. Rixter

    Rixter Well-Known Member

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    Location:
    Portfolio Perth Brisbane Sydney Melbourne
    Follically challenged?
     
  16. Brian84

    Brian84 Well-Known Member

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    Sydney
    Something like that
     
  17. WattleIdo

    WattleIdo renovating Premium Member

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    1,809
    Location:
    Central West NSW
    employee / investor
     
  18. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Location:
    Sydney & Adelaide
    Ace is far worse than me :p
     
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  19. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Employee with a few side jobs (Airbnb hosting and volleyball venue manager and referree)
     
  20. Beelzebub

    Beelzebub Well-Known Member

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    what's 'cash-flow quadrant'?