They cop a walloping and I am guilty of it but it would appear that they are showing a lot more balls than we did in order to keep their retirement age 7 years below ours.
Vive Le France!
Not sure if you remember the french rogue trader who lost his bank $7bn
www.thedailymash.co.uk/news/business/french-trader-was-forced-to-work-30-hours-a-week-20080125680
FRIENDS of rogue trader Jerome Kerviel last night blamed his $7 billion losses on unbearable levels of stress brought on by a punishing 30 hour week.
Kerviel hid his November losses in a batch of wonderfully fresh croissant
Kerviel was known to start work as early as nine in the morning and still be at his desk at five or even five-thirty, often with just an hour and a half for lunch.
One colleague said: "He was, how you say, une workaholique. I have a family and a mistress so I would leave the office at around 2pm at the latest, if I wasn't on strike.
"But Jerome was tied to that desk. One day I came back to the office at 3pm because I had forgotten my stupid little hat, and there he was, fast asleep on the photocopier.
"At first I assumed he had been having sex with it, but then I remembered he'd been working for almost six hours."
As the losses mounted, Kerviel tried to conceal his bad trades by covering them with an intense red wine sauce, later switching to delicate pastry horns.
At one point he managed to dispose of dozens of transactions by hiding them inside vol-au-vent cases and staging a fake reception.
Last night a spokesman for S?c??t? G?n?r?l? denied that Kerviel was overworked, insisting he lost the money after betting that the French were about to stop being rude, lazy, arrogant bastards.
NEWSFLASH - you can retire anytime you want! If your waiting till your 65 or what ever till you retire just so you can get a pension or your super payout then thats a life wasted . The key here is to get educated about money and cashflow , get some power back and do what ever you want.!
This french news story is F'ing weird too.
(cut and pasted from yahoo)
'Devil' fear sparks French defenestrationAAP
October 24, 2010, 1:43 am 116 Comments
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Eleven people were injured when they jumped out of a second-storey window near Paris early on Saturday, thinking a naked man tending his crying baby in the night was the devil, the local prosecutor said.
"Thirteen people were in an apartment on the second floor when, around 3am, one of the occupants heard his child crying," the deputy prosecutor in Versailles, Odile Faivre, said.
"The man in question of African origin, who was completely naked, got up to feed his child, at which point the other occupants took him for the devil," said Faivre.
"He was seriously wounded in the hand after being stabbed with a knife before he was thrown out of the apartment, via the door."
The naked man then tried to get back into the flat in the town of La Verriere west of Paris, population 6000.
"That's when the other occupants tried to escape by jumping out of the window, panicked by a fear of the devil," said Faivre.
Police have questioned the would-be devil, aged 30, and another man who jumped from the window with a two-year-old girl in his arms.
Seven of those injured were taken to hospital for emergency treatment.
Investigators are trying to clarify a number of issues surrounding the case, including whether everyone jumped voluntarily or if some were forced to do so, Faivre said.
No problem with Cashflow.
I just need to find my missing F.
Kearnsey ...teach us master please!!!
Here are some words to get to know and learn about...
Passive income ,
Investing,
Future,
Tax system,
Get them in place , and its all down hill from there with a bit of common sense.
The biggest thing that gets in the way for most people is thier relationship to big numbers. There is also alot of attachment to fear. You dont need to be making alot of money from your job , only save 10% every pay FIRST before ANYTHING and NEVER TOUCH IT. This will soon compound and give you borrowing power and if you put the borrowed amount in the right place with the correct strategy in place with minimum risk your home and hosed. Time is the key!!!
I refuse to assume that my super will be there when I retire , given the global issues that are upon us these days. The only option is to simply choose , educate yourself and take ACTION , and keep taking RESPONSIBLE ACTION.
Alot of people are lazy with thier finances , have a perception that they can never be wealthy in terms of $$$- this is the problem.
Its all a big game to me , and you gotta play the game to win 
Eventually it gets too painful so i just look at some nice tatas instead.
Eventually it gets too painful so i just look at some nice tatas instead.
Well GF , if your genuinly interested in making a difference in your finances here are a few things to think about.....
The school system is BS if you ask me . They drill us to study hard , get the best grades so we can get in to University , then spend another 4 or 5 years there doing more learning , then at the end of it we're 23 with no job , a massive Hex debt and all we know how to do is work for some one else????
Not once do they ever teach us about cashflow , how to generate it, invest it or even how to spend it wisely.
Lets say that we work 40 hrs a week? Would you be willing to spend 1/40th of that time every week educating ur self about what your going to do with that 40hr pay check? Start paying attention to whats going on around the country in terms of where the money is going. Read the money section in every weekends paper. Start reading money magazines , talk to people , ,,,. How many hours do you spend on seabreeze forums a week??? You could always sacrifice that amount (just a little) and split your time up a bit???.
Personaly I wouldnt take any financial advice of the Internet , and no I dont have any good links . Start reading books , educate ur self rather than take some financial advisor's BS spin on how to make money.
There are hundreds of financial books out there . One that might be of interest to you and one of the first ones I read which suprisingly made a real difference was called "Rich Dad , Poor Dad" by Robert Kiyosaki . oh look you can actually download it here- A good read and true story! www.hugedomains.com/domain_profile.cfm?d=middleastpost&e=com
Good luck
.- A good read and true story! www.hugedomains.com/domain_profile.cfm?d=middleastpost&e=com
Viva le France......and now Italy too. Impressive shows standing up for your rights!!
Police hurt in clashes over Italy garbage dump
Published on 23 October 2010 - 11:50am
Clashes between police and protestors against plans for a huge garbage tip near an Italian town left five officers hurt, police said Saturday, as the EU warned of legal action if Rome failed to resolve its waste problem.
Two policemen and three carabinieri suffered slight injuries in a face-off lasting several hours with residents of Terzigno near Naples hurling stones and fireworks at them, local authorities said.
The police responded with tear gas and baton charges in the latest incidents in a week of protests that have seen local people block all access to the town's existing waste dump.
The blockade has caused 2,400 tonnes of rubbish to pile up in the streets of Naples, the official responsible for the city's hygiene, Paolo Giacomelli, said.
He appealed to citizens not to burn the waste, after dozens of piles and containers of garbage were set ablaze on Friday night, saying it increased the environmental and health hazard.
The new dump, the biggest in Europe, would be 800 metres (875 yards) from the edge of Terzigno in the Vesuvius National Park, some 135 square kilometres (52 square miles) of outstanding natural beauty in the Bay of Naples.
link:- http://www.rnw.nl/international-justice/bulletin/police-hurt-clashes-over-italy-garbage-dump
.- A good read and true story! www.hugedomains.com/domain_profile.cfm?d=middleastpost&e=com
, but spend a bit of time searching for other forums that focus on financial planning and investment. You will get the same cross section of worth you do here, but overall it should help.
Just to further explain - many people mistake Robert Kyosaki's book to mean that normal education and working for others prevents you from becoming rich. This is not the case and unfortunately many people shun education to go and "become rich". Sometimes to sucess, usually to poor outcomes.
The point is that "just" mainstream education can be a distraction or a diversion of focus, but is certainly still a primary goal (all knowledge is power), however it must be married by sound wealth creation principles.
Some quotes from the book:
"Education is the foundation of success, Robert said. Just as scholastic skills are vitally important, so are financial skills and communication skills"
...the threat of "If you don't get good grades, you won't get a good job" had little effect. He already knew his career path was to own corporations, not to work for them. In fact, if it had not been for a wise and persistent high school guidance counselor, Robert might not have gone on to college. He admits that. He was eager to start building his assets, but finally agreed that the college education would also be a benefit to him."
"Maybe telling our children to strive to be good employees while also striving to own their own investment corporation is not such a bad idea."
a few tips for improving finances.
was spending $15 a day, over $100 per week on veggie takeaways,cut back to
around $40 per week, saving $60 per week. saving $3000 per year.
i try now to buy food in whole form[unprocessed],rice,fruit,vegetables,coconut oil,tea,coffee,oats, unheated honey,no tinned food/packaged food at all. i have reduced supermarket shopping from everyday to once/twice per week. this reduces amout of chocolate i buy.
having watched Bear Grylls i try to eat food in natural form as possible,this can
save plenty. example eat oats with water instead of processed cereal with milk.
hookers,was spending around.... per year, now spending.... saving around $3000 per year.
have turned gas hot water system down to low,no long showers anymore.
i try and reduce amount of kms i travel in car.
still broke but they did'nt follow thru with eviction notice for unpaid rent.
The richest man in town is he whose needs are least.
I think Kiyosaki's best book is "The Cashflow Quadrant".
Napoleon Hill's book is titled "THINK and Grow Rich", not "WORK and Grow Rich". That doesn't mean you don't have to work to grow rich.
The hardest work in the world is thinking and that is why so few people do it.
George S. Clason, "The Richest Man in Babylon", the Success Secrets of the Ancients. Just as relevant today as they were then.
The four ingredients of success in life:- Dedication, Determination, Discipline and the RIGHT Attitude. Many sub headings under those main headings.
Real Estate is like SEX. You should get as much of it as you possibly can while you are still young.
Ever heard of the Pyramid of Life, sometimes called the "1, 4, 5, 40, 50 Rule". Statistically of every 100 people born, 65 years later, One is Rich, Four are Independant, Five are still Working, Forty are Dead and Fifty are Dead Broke.
Check the figures on the Aust. Bur. Stats. site. You will find they are correct.
Where will you be at age 65??
We have identified the enemy and they is us.
I thought this thread was about poking fun at the cheese eating surrender monkeys, not financial advice.
Don't forget to bag the bad breath and stripy shirts.
Have downloaded the book (ta for the link) and am planning on buying out france and getting full swing production of Ozzy classic white and sparkling whites into the Frog Champagne district.
Points taken on dedication/evaluation/modification etc. Not my strong suits but better to develop them than a taste for cat food later in life.
Might have to make time for the occasional tata show tho.
^^^
I understand perfectly what he has said.
Try telling the people who lost a motsa on super recently to leave the pollies out of it, or all those folk in the states who invested in real estate.
Surely a citizen has the right to expect that their mandatory contributions toward a state pension should maintain value and be there for when they retire.
If everyone has to become a businessman in order to retire without fear of poverty then what exactly is the point in having state contributions in the first place?
The bottom line in our economic system, which is based on debt, is that there will always be those who get hung out to dry - it is inevitable. It leads to poverty and with poverty comes all of the problems that we all despise, like theft.
My super goes into a company fund run by the trustees, japie. If I don't like that fund, I'm entitled to move my money to another fund. No pollies involved.
BTW mine did lose a truckload during the GFC. My wife's fund (which happens to be a union run one) didn't lose a zac from what I saw. Didn't make much, but at least it didn't lose any!
Anyway, still no pollies involved.
I take your point! However think on it this way, if we all had our financial future invested in the same "fund" that our venerable leaders use no one would lose anything.
And their retirement deal is pretty juicy as well.
Just strikes me that there is a different set of rules.
Anyhow, it is all pretty much academic for myself. I live off the smell of an oily rag, take great pride in the fact that all of my posessions, including the dog, fit on the back of my $500 ute and leave room to spare.
I have done the corporate management thing, earned twice the average wage whilst doing it and read and bought all the Robert Kyosaki books. Actually bought copies for my kids way back when, something that makes me blush now.
A really good mate of mine retired from HSBC at the age of fifty. It runs him ragged keeping his investments safe. Over the last finacial year he profited $750k on his speculative earnings - which was a really great thing because it just covered the deficit on his bank retirement fund.
Me, I can do without the stress. As long as I can eat and have my health and my friends and family all is cool
