Education & Work How many hours a week do you "work"?

Discussion in 'Living Room' started by Steven Ryan, 9th Jul, 2015.

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How many hours a week do you work on average?

Poll closed 23rd Jan, 2020.
  1. 0

    14 vote(s)
    6.0%
  2. 1-10

    9 vote(s)
    3.8%
  3. 11-20

    10 vote(s)
    4.3%
  4. 21-30

    17 vote(s)
    7.2%
  5. 31-40

    59 vote(s)
    25.1%
  6. 41-50

    70 vote(s)
    29.8%
  7. 51-60

    28 vote(s)
    11.9%
  8. 61-70

    10 vote(s)
    4.3%
  9. 71-80

    6 vote(s)
    2.6%
  10. 80+

    12 vote(s)
    5.1%
  1. Xenia

    Xenia Well-Known Member

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    Great story MTR and well done to you and hubby for getting through this.
    The only people that have not lost money or have never made mistakes are the people who have never done anything.
     
    Last edited by a moderator: 28th Nov, 2015
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  2. Xenia

    Xenia Well-Known Member

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    BTW - I hate the word "retired"
    The only way I know how to make it work is to work by butt off and that is what I do.
     
    MTR likes this.
  3. Bran

    Bran Well-Known Member

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    Location:
    At work
    In some capacity, I work all of them (hours).
     
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  4. Xenia

    Xenia Well-Known Member

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    Why is it that this is a site for higher achievement and only a tiny section of people here work over 60 hours.

    People here are focused on "retiring" wtf

    Success = working hard, extra effort, dealing with losses and disappointments, working long hours and persisting - I loved MTRs story, to me she is a REAL person.

    Do people think they are working in a job now, and that is a bad thing and then they are going to buy a few properties then "retire" where on earth did this idea come from ???? Sorry correct me if I have not perceived this correctly!

    Even professional property investors, developers, renovators - work damn hard!

    My 85 year old client with over 40 properties who is still building - works hard still! He puts in many hours and is definitely not retired.

    Bob proctor - one of my mentors and a motivational speaker - works very hard, long hours, he is 80 and not retired.

    The general attitude here is - job = bad and retirement = good and properties = good. Full stop there is nothing else.

    I'm not sure where this is all coming from but I'm betting its from people who are just starting out.
     
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  5. D.T.

    D.T. Specialist Property Manager Business Member

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    Obviously in business the more you put in the more you get out, but there has to be an efficiency level there as well.

    Most people are in paye position and want to minimise their involvement in order to maximise their family or hobby time. Real life is important too. Property investment allows them to do that.
     
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  6. Xenia

    Xenia Well-Known Member

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    Property investing is not considered a business?
     
  7. dmb1978

    dmb1978 Well-Known Member

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    Location:
    ACT
    No real paid work at the moment as on maternity leave. Since kids I generally work 28 hr weeks. I love my job but I get paid the same no matter how hard I work. I have always had a fascination with trying to grow an income and constantly look for jobs I can do alongside my career to satisfy that. I think that's why property investing appeals to me.
     
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  8. Ed Barton

    Ed Barton Well-Known Member

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    Vanilla, buy hold and rent I would not consider a business. No more than share buy and hold is a business. Developing (even small scale like splitting blocks), major renovating to flip etc I would consider a business.
     
  9. D.T.

    D.T. Specialist Property Manager Business Member

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    Adelaide and Gold Coast
    I'm guessing some people wouldn't include this in their 'hours per week' answer though, unless they're doing it full time?
     
  10. teetotal

    teetotal Well-Known Member

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    7th Nov, 2015
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    Sydney
    Hi @Xenia
    I am one of those, wishing to retire.
    And DT is spot on about this, i want to retire when i dont need to spend half of the day working, when i have time to spend with wife, travel, pursue hobbies etc. Surely to keep my property investment alive i need to put in some hours but i dont intend to do more than 10-15hrs per week and i dont intend to work full years.
    Thats my idea to retire, but everyone has their on PoV.
    Cheers,
     
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  11. teetotal

    teetotal Well-Known Member

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    Sydney
    Back to the original post - i spend about 9-10hrs at work each day plus 1hr travel each side. So about 12hrs a day out of home.
    Sleep for 7-8hrs leaves only 4hrs to me for everything else.
     
  12. Ace in the Hole

    Ace in the Hole Well-Known Member

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    18th Jun, 2015
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    Location:
    Sydney
    I'm also one of these people who want to retire too, just don't want to work anymore.
    I have lots of things I want to do such as travel, further develop my physical/athletic abilities, fitness, health and more spirituality type learning I desire to do, which I just don't have enough time for while working.
    Not to mention spending as much time as possible with my little 7yo champion, nurturing and coaching her to be a success too.

    Thankfully all the hard work spent working in the past decade has paid off financially so that lack of money will never ever be a barrier for us.

    I never want to work for money again, if it comes it comes, and pretty sure it will happen automatically anyway.
     
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  13. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    28th Jun, 2015
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    858
    Location:
    Darlinghurst Sydney
    You get paid for 9 hours or 8 hours?
     
  14. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    28th Jun, 2015
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    858
    Location:
    Darlinghurst Sydney
    In my job even though i work for a Govt Dept i still see people (actually only two) who come into work 2 or 3 hours earlier to start work unpaid and go home last.

    One of them is a eledrly woman with no family, but surely she could find a hobby or something ?
     
  15. geoffw

    geoffw Moderator Staff Member

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    I did eight years working in my business, 7 days a week, 52 weeks a year. I lost time with my family, my relationship with my wife suffered. The family went on holidays, I stayed behind and worked. I did well financially when I sold, but I missed out on so much with my family.

    I could not go through that again and I wouldn't recommend it for anybody. Some things go are nor eimportant than money, despite what some people say.
     
  16. Xenia

    Xenia Well-Known Member

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    I'm old enough to have been around the block a few times now.
    I was financially independent through property investing at age 33 and was doing full time property investing for several years before starting a business - I also used the term "retired" but it's not a term I would use now because even in that time I worked hard.

    I run a promotions business (not very active now since I spend more time in my real estate agency) but I bought to Australia lots of speakers who advocate wealth creations through real estate.

    They don't work for other people - most were financially independent but worked damn hard - I know this because they would answer calls late at night. Not 9-5 these people work 80 hours plus.

    Nice thought of a self made millionaire who travels and sits on the beach all day and works 10 hours a week, I have managed hundreds of properties for people over the last 10 years. There were a few who held property portfolios who did not do much but they were not as wealthy as the self made multi millionaires who work 80 hours plus per week.

    To me - a self made millionaire who does nothing all day is not a reality - I have not seen it personally but that does not mean that it does not exist.

    For me personally success = hard work and long hours.
     
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  17. teetotal

    teetotal Well-Known Member

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    Sydney
    Its a salary role so get paid regardless of hours. Job pays well so I don't complain but surely don't want to continue this for long.
     
  18. Xenia

    Xenia Well-Known Member

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    16th Oct, 2015
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    To me money is directly proportional to value, to service, to growth and to creativity.

    It is value driven and purpose driven.

    I love creating and contributing

    Not making money, not working hard and not growing does not make other things more important.

    If that was the case than all the people in low socioeconomic areas who are on government benefits would have the best relationships with their spouses and children.

    Family values would be higher in those that earn less money.

    Just like the concept of self made multimillionaires that are retired and lay on the beach and travel - a lack of money getting you closer to your family is something I don't see as s reality!
     
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  19. Blacky

    Blacky Well-Known Member

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    Xenia
    I understand what you are saying and make the following points.
    In some cases I think where some of the mis-alignment comes from is in the personal definitions of things like "retirement".
    In addition everyones goals differ - not everyone wants to be multimillionairs and sit on the beach. Some people would be happy with just enough to survive and not have to work (jump over to MMM to see real examples).

    In the poll I voted 40hrs/week. But in some ways I cheated as I averaged my hours over a year.
    In reality I work 80hrs/week - 6months of the year. The remainder I travel (though rarely sit on the beach).
    But the number of hours worked will depend, to an extent, on the stage that you are at. Agree that if a 20year old comes in, says Im going to work 40hrs a week and stop working at 25, might be kidding themselves a little bit. Other members who, too, have 'been around the block a few times', are more likely to be scaling back their input.
    Ive been on 'the wheel' for about 13years now. Sometimes working upwards of 80hour weeks. At times leaving the office as other people are coming into work - getting a couple of hours sleep - and heading back to join them for another 12-14hr day.
    Sometimes working multiple jobs to make ends meet.
    Sometimes finishing work, heading home and studying till early morning, getting 4-5hrs sleep and heading back into the office.

    Like GeoffW - I miss a lot of family time. My son took his first steps the other day... while I was in the office. Things like that hurt more than I care to admit.
    I am very close to being at a point where we will be able to, financially, not require my income. At this point I see no added value in working to make 'more'. Working in oil there is one thing you learn very quickly... "more is not enough".

    So by learning from the likes of Steve Ryan, and managing my relationship to money, Im able to define success in other measures outside of the mighty $$. Be it $10 or $100mil Im working to not measure my success (or failures) on it.

    Blacky
     
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  20. MTR

    MTR Well-Known Member

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    .

    Great post Blacky
    Learning a lot from Steven and you, both very wise young men:)
     
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