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Thread ID: 138049	2014-09-28 20:41:00	NZ's Top Pay Packet	bk T (215)	PC World Chat

Post ID	Timestamp	Content	User
1384926	2014-09-29 21:12:00	You really think there's no use for more than $500k/year income, other than to sit in the bank? Think again ;) I don't have to think again, it's absolutely of no use. What are you going to do with it? At that stage, money is of no physical/practical value other than the number of zeros.	bk T (215)
1384927	2014-09-29 21:19:00	You really think there's no use for more than $500k/year income, other than to sit in the bank? Think again ;) Yup, when you are getting paid the salary many people tend to have the live style that goes with it and it's not necessarily a super flash lifestyle. It just means that your kids go to Auckland Grammar or St Kents instead of Avondale College. You can afford to take the family to Fiji for two weeks during the school holidays and go to Queenstown for two weeks skiing and you can shop at New World rather than Pak n Save and you can buy new cars off the show room floor rather than used cars - if you choose to. It also means that you have some spare cash to make additional investments in shares or an additional property if you want to. Ain't nothing wrong with being able to do all that :thumbs:	Webdevguy (17166)
1384928	2014-09-29 21:23:00	I don't have to think again, it's absolutely of no use. What are you going to do with it? At that stage, money is of no physical/practical value other than the number of zeros. Having more money may not mean more happiness but it does mean financial security. Money means you can live freehold instead of paying off a 25 year mortgage until you are 65-70. Having money means not having to scrimp and save any time you want to buy something or do something. More money means more financial freedom.	Webdevguy (17166)
1384929	2014-09-29 21:32:00	Yes, you're right to say that more money means more financial freedom. When it's up to a point where it has fulfilled all your needs, it has no more value. Just like, it is essential to own a car in NZ, and it's nice to own a second car or maybe a third car just to satisfy your ego needs; but I don't see the point to own 50 cars, other than telling the world that I can afford to own 50 cars!	bk T (215)
1384930	2014-09-29 21:47:00	Yes, you're right to say that more money means more financial freedom. When it's up to a point where it has fulfilled all your needs, it has no more value. Just like, it is essential to own a car in NZ, and it's nice to own a second car or maybe a third car just to satisfy your ego needs; but I don't see the point to own 50 cars, other than telling the world that I can afford to own 50 cars! There is that although if cars are your passion, or art, wine, travel, music or maybe shoes if you are a woman then they might be collectables which don't always come cheap. Having money means you get to enjoy or indulge in your passions and contribute to a family trust fund that you might have set up for your kids or maybe give some financial assistance to your family who may need it.	Webdevguy (17166)
1384931	2014-09-29 21:52:00	It just means that your kids go to Auckland Grammar I wouldn't send my kids there, not based on the behavior of my friend :p	pcuser42 (130)
1384932	2014-09-29 22:29:00	I wouldn't send my kids there, not based on the behavior of my friend :p I doubt that your dodgy friend is a good example. Considering it is one of the top most sought after schools for parents to send their kids to, I'd say they are doing something right :)	Webdevguy (17166)
1384933	2014-09-29 22:44:00	New Zealand is said to have had a more egalitarian society back before, say, the 1970s, and I think it was all the better for it. It was a nicer society to live in. Also more local manufacturing which meant more local jobs, but that is another story. Having people with excessive amounts of money distorts the "market values". Look at Auckland house prices, for instance.	rumpty (2863)
1384934	2014-09-29 23:03:00	There is that although if cars are your passion, or art, wine, travel, music or maybe shoes if you are a woman then they might be collectables which don't always come cheap. Having money means you get to enjoy or indulge in your passions and contribute to a family trust fund that you might have set up for your kids or maybe give some financial assistance to your family who may need it. I mentioned cars just for example. Yes, you are right, we all need money to fulfill our basic needs, luxury needs and many other needs, too; but it will come to a point where all those needs are fulfilled and the 'extra' money just accumulates in your bank account adding more zeros. I wonder how many of those high-income earners are using their money to help their friends / relatives(maybe?); of course, on the other hand, I have no doubts that they will help their immediate family members, though. If they are so generous to help their friends, why not just use their over-sized pay packet to help their co-workers who work so hard for him/her (indirectly)?	bk T (215)
1384935	2014-09-29 23:17:00	I mentioned cars just for example . Yes, you are right, we all need money to fulfill our basics needs and luxury needs and many other needs, too; but it will come to a point where all those needs are fulfilled and the 'extra' money just accumulates in your bank account adding more zeros . Having money accumulate in your bank account is not always a bad thing ;) for that matter neither are managed funds, shares, investment properties and family trusts that own all the shares and managed funds and which are taxed at 19% If you don't like the idea of having too much money you can always donate it to a charity of your choosing :) Although for most people the idea of having too much money is just a pipe dream . . .	Webdevguy (17166)
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