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Question? Looking like being unemployed
Topic Started: 26 Aug 2014, 04:40 PM (3,100 Views)
stinkbug
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Count du Monet
27 Aug 2014, 12:45 PM
Only the ppor option is the one that can see one eligible for the dole.

However unless you're really interested in the dole as a career option I think you're wasting your time. The dole will only gain you 13k a year and you would have to engage in compromises that might cost you much more various ways. You're better off remaining on your own resources as things stand.
I agree with this.

Philosophical arguments aside, you'd be better off investing your $500k into assets that suit your long term goals and find another job, even if it's less well paid. Mucking around with a decent asset base to access a small benefit (that comes with strings attached) just doesn't seem worth it to me.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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herbie
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stinkbug
27 Aug 2014, 01:05 PM
I agree with this.

Philosophical arguments aside, you'd be better off investing your $500k into assets that suit your long term goals and find another job, even if it's less well paid. Mucking around with a decent asset base to access a small benefit (that comes with strings attached) just doesn't seem worth it to me.
My personal thought is also to stay out of the welfare entitlement trap dude - If possible/For as long as you can.

Hey, if they should eventually truly succeed in tooling you over/breaking you; Then yep - Become a bludger like them.

But "Don't jump before you are pushed" is one of my more basic mottoes in life.

And at this point you have youth on your side; Liquid assets; Flexibility; Options - Good luck with it ...

PS: I would have just naturally included "disciplined savings habits" in that little list a while back - But that skill is no longer valued in our society. So good luck with it dude as I said, given that I no longer especially see any especially solid fundamentals in our society going forward.
Edited by herbie, 27 Aug 2014, 05:08 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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zaph
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Any redundancy payment will hugely effect when you can get the dole.
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jesusjones
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I would Invest 100k into a business where you would be self
Employed, keep you active and try to build a successful business..as I could never go on the
dole, be bored and end up
Drinking too much :) keep 400k in the bank and see what the property
Market does on next 6 months with all this bubble talk? Good luck..
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GloomBoomDoom
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zaph
27 Aug 2014, 06:18 PM
Any redundancy payment will hugely effect when you can get the dole.
This is why you're supposed to register for newstart as soon as you're out of work. I was put out of work once about 10 years ago and the whole process was demoralising to say the least. Not only did I have to deplete any payout I received but there was also a waiting period. They certainly didn't appear to want to help me find work. I found myself another job and was sitting at a new desk within 2 weeks.
It was actually hard to get myself off their system! They were going to start paying me a couple of months later and I had to tell them a few times I was already working again before it actually sunk in.
MSE
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Jimbo
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GloomBoomDoom
27 Aug 2014, 08:55 PM
This is why you're supposed to register for newstart as soon as you're out of work. I was put out of work once about 10 years ago and the whole process was demoralising to say the least. Not only did I have to deplete any payout I received but there was also a waiting period. They certainly didn't appear to want to help me find work. I found myself another job and was sitting at a new desk within 2 weeks.
It was actually hard to get myself off their system! They were going to start paying me a couple of months later and I had to tell them a few times I was already working again before it actually sunk in.
I had three months of self funded unemployment in the UK. I didn't consider it worthwhile to go and be cross examined by some prick in the dole office for a return of 50 quid a week. I had a few grand in the bank anyway.

Just after I started my new job, I got called in to the tax office to explain why I had not claimed the dole and to provide proof that I had not been working "on the side" for cash. I had to provide bank statements and an account of my daily living expenses to prove that I was funding myself from my own savings.

I spent more time trying to justify why I had not claimed dole than I would have spent actually claiming the dole.



Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Chris
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noob
26 Aug 2014, 04:40 PM
Hi all..
It's looking like I will be unemployed in about 6 months (mining boom winding up)..
Over my time in the mines, I've been able to save up about 500k (currently invested in shares and various things)..
The question is:
If I apply for the dole, will I be asked to sell my shares and use that money instead of receiving any benefit?

Same question, different scenario:
If my 500k was invested in NEUTRALY geared property instead of shares,
Would centerlink ask me to sell my properties, or hand over an allowance?

Cheers in advance
I call BS in your post, one Google search gives you the new start criteria, you had no need to post here.

Unless your a moron and if that's the case there are plenty of ppl to assist you invest that $500k and make it real easy for you to meet the new start criteria.
Edited by Chris, 27 Aug 2014, 11:10 PM.
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szokolay
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Jimbo
26 Aug 2014, 07:20 PM


I have been unemployed in the past but I have never set foot in a dole office in my life. I have supported myself with money I have put to one side.

It's a fucking safety net for fucks set.

What a dickhead.

It is a trap as well. If you begin to rely on others for your income you can lose the get up and go that employers like in staff. pretty soon you're sleeping in, taking days off from work seeking.
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Foxy
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Zero is coming...

noob
26 Aug 2014, 04:40 PM
Hi all..
It's looking like I will be unemployed in about 6 months (mining boom winding up)..
Over my time in the mines, I've been able to save up about 500k (currently invested in shares and various things)..
The question is:
If I apply for the dole, will I be asked to sell my shares and use that money instead of receiving any benefit?

Same question, different scenario:
If my 500k was invested in NEUTRALY geared property instead of shares,
Would centerlink ask me to sell my properties, or hand over an allowance?

Cheers in advance
Get a job.
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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cokatoo56
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noob
26 Aug 2014, 04:40 PM
Hi all..
It's looking like I will be unemployed in about 6 months (mining boom winding up)..
Over my time in the mines, I've been able to save up about 500k (currently invested in shares and various things)..
The question is:
If I apply for the dole, will I be asked to sell my shares and use that money instead of receiving any benefit?

Same question, different scenario:
If my 500k was invested in NEUTRALY geared property instead of shares,
Would centerlink ask me to sell my properties, or hand over an allowance?

Cheers in advance
Poor little boy. The mining boom is ending, the easy money no longer pours into the bank account. So the poor little boy with half a million dollar on his bank account expects other workers to keep sending him easy money he could make without any effort.

Unless you are disabled (which I doubt here), asking for centrelink is for losers and/or suckers.

You have a working brain and 2 working hands (and 2 balls I suppose).

Didnt you consider using them instead and do something you can be proud of ?
Why dont you consider taking classes to learn new skills instead, that you could apply in the real life and make money from ?
Wake up and do something instead of looking for cheat tricks to benefit from taxpayers money!!
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