Having a job in year 11 and 12? (3 Viewers)

[spiderfan44]

thank you! I mean if I quit this job, it would quite the bummer considering i got this job at 16 years old when hospital jobs are always 18+ and pays more than any of my friends. Also we're quite short staffed so if any of y'all are looking for a job in NSW healthshare hmu. I do want to do really well in both prelims and HSC, I really need to find a better study routine.

def keep the job during year 11. you may want to reconsider once you reach year 12 since studying does take up more time, but the majority of people are able to have a job during year 12 and study at the same time as long as they manage their time well

 

[axe]

I was thinking I could still balance a job and sport with school in year 11 by only working on Sundays and maybe 1 weekday a week.
Or is the study such a big step up from year 10 that there’s not enough time to work?

i would not bother with a job now, there barely is any point of one if you care about your grades and study

 

[e8zks]

yeah its good i have a lot of money saved up since i get paid more than double the minimum wage. It will do me good for uni fees and if i move out.

consider stocks if u r willing to look into it

 

[Test-king12]

consider stocks if u r willing to look into it

mate you have to have starting capital to make returns with stocks buddy.

 

[Test-king12]

On the other hand, having money once you graduate is a big plus
i would have loved to have started working at 14 or 15 or 16, i would have had a lot of money by now

what do you have parents for buddy just ask them

 

[wollongong warrior]

mate you have to have starting capital to make returns with stocks buddy.

Unless they mean daytrading ( ), investing in ETFs aren't a bad idea as a retirement fund
but tbf at that point, just put money into a super since it's tax advantaged

 

[spiderfan44]

Unless they mean daytrading ( ), investing in ETFs aren't a bad idea as a retirement fund
but tbf at that point, just put money into a super since it's tax advantaged

yea i have a portion of my savings from work in the sp 500. i used to have a pretty small amount in the sp 500, but then the stock market dipped during early august and i put a lot of my savings into the sp 500 during that dip. ive made 500 from that, but im going to just leave those shares until i need to put a downpayment for a house

 

[Test-king12]

Unless they mean daytrading ( ), investing in ETFs aren't a bad idea as a retirement fund
but tbf at that point, just put money into a super since it's tax advantaged

i dont think anyone at this stage is making enough money from a part time job to make a reasonable return in ETF,

yea i have a portion of my savings from work in the sp 500. i used to have a pretty small amount in the sp 500, but then the stock market dipped during early august and i put a lot of my savings into the sp 500 during that dip. ive made 500 from that, but im going to just leave those shares until i need to put a downpayment for a house

bro thinks around $6500 will compound enough to be a home downpayment

 

[spiderfan44]

i dont think anyone at this stage is making enough money from a part time job to make a reasonable return in ETF,

bro thinks around $6500 will compound enough to be a home downpayment

ofc it wont. ill add money when i get a job again, i quit working for yr 12 so im not making money, hence im not adding anymore money into the sp500 rn

 

[carrotsss]

Unless they mean daytrading ( ), investing in ETFs aren't a bad idea as a retirement fund
but tbf at that point, just put money into a super since it's tax advantaged

HISA (ubank, ing, boq etc) -> short term, no risk, lower returns (interest rates are pretty high atm so not too bad returns)
ETFs -> medium term, medium risk, higher returns IF you invest very diversified
Individual stocks/small etfs/daytrading ->
Super -> highest returns because of tax advantages but you’re forced to put it in for very long term

putting money into super is not a bad idea but it’s a bit excessive to be doing it when ur this young tbh, like just keep the money from high school work in a hisa or an etf if you really want to, you might end up wanting the money for exchange or moving out or that sort of thing, saving up for retirement at 17 is a bit excessive lol

 

[wollongong warrior]

HISA (ubank, ing, boq etc) -> short term, no risk, lower returns (interest rates are pretty high atm so not too bad returns)
ETFs -> medium term, medium risk, higher returns IF you invest very diversified
Individual stocks/small etfs/daytrading ->
Super -> highest returns because of tax advantages but you’re forced to put it in for very long term

putting money into super is not a bad idea but it’s a bit excessive to be doing it when ur this young tbh, like just keep the money from high school work in a hisa or an etf if you really want to, you might end up wanting the money for exchange or moving out or that sort of thing, saving up for retirement at 17 is a bit excessive lol

It's good to be mindful of the future especially if you want an early retirement
Besides, it's not like your super balance is locked until you're 65 or something; if you exceed the balance cap which is currently like 1.7mil, you can withdraw any excess from earnings as a lump sum and you can also pull money out to buy a first home

 

[Lauren Downey]

yeah I feel like people underestimate how much soft skills from work make a difference especially with stuff like retail

I do agree that my confidence has gone up since having a job and talking to patients for three hours. But it is the same thing over and over again so I feel like it's just my confidence that has changed.