FatCat's Money Confessions

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Russell Forlong
  • Male
  • Brisbane Queensland
  • Australia
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Age
45-60
Sex
Male
What is your Money Confession? (Your biggest money win or stuff up)
The person in line in front of me at the Newsagent won $200,000 on his scratchie. I had got a paper before going to the counter. One expensive Newspaper!
What is your financial goal?
To live securely through later years in life

Comment Wall (10 comments)

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At 12:40am on November 30, 2008, Tina said…
That's too much!!! For starters, she should get rid of some of the shoes - she couldn't possible wear all of them. I thought I had a lot, but compared to your wife I'm almost shoeless! (21 pairs).

I don't know why we all think we need to buy so many shoes. Some clever marketer has convinced us that we need to keep buying...
At 6:13am on September 22, 2008, Mike Robinson said…
My guess is that Fat Cat uses a server in the US.

If that's the case we'll never get local AUS time on our postings.
At 6:12am on September 22, 2008, Mike Robinson said…
My guess is that Fat Cat is using a server in the US, and we'll never get local AUS time.

I'm in IT and can understand the problem.
At 1:26am on September 19, 2008, Mike Robinson said…
The clock is wrong on this web site. I posted at 6.23pm, and the clock says I posted at 1.23am. Hmmmm.
At 1:23am on September 19, 2008, Mike Robinson said…
You probably would have spent it all on scratchies! Most people buy more scratchies with their winnings.
At 5:36pm on September 3, 2008, Russell Forlong said…
If you are interested its a Alfa 8C Competizione released in 2004. 336kw (450 bhp) 4961cc V8. 6 speed gearbox which is computerised through hand controls on steering wheel like racing cars. Run on 20" tyres 245/35 on front and 285/35 on back. They have to be specially imported at a cost of almost $500 per tyre. Manuel Fangio used to race a Competizione around 1950. This car was named after the 6C . Its certainly come a long way.
At 11:46pm on August 30, 2008, T Tokyo said…
Nice car to live securely through life with!
At 9:29pm on August 30, 2008, Warren said…
Hi Russell - nice car! I didn't know there was a new Alpha Romeo out. Looks like they're trying to compete with the latest Aston Martin, Jaguar & Audi - all beautiful beasts.
At 5:58pm on August 28, 2008, Tina said…
Hi Russell! Bummer about the scratchie - now you need to figure out another way to get $200k. Perhaps this can psyche you up to start a business, or get clever with your investments. Scratchies are not the way to get rich (except for the person in front of you!). No, seriously, they only give you a one-off amount - what you need is ongoing income, and you can get this from investments - or a business. I'm looking into a business myself now, because the wealthiest people I know all own their own business.
At 4:41pm on August 28, 2008, Kbot said…
That's gotta hurt!!! Jeez, it would want to have been a big news day... so what's your plan of attack to live securely through later life?
 
 

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Stuart added a discussion
Hi all,I am after some advice and ideas from everyone, professional advice thus far has been to declare bankrupt and get it over and done with. This is my situation, I used to own a company that T/O was around $1M p/a. The business had a bad season…
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March 6
Be aware that Fox Symes is more of a credit management company and might not be what you need. I would talk to the lease company first, explain your circumstances and try to renogotiate the lease terms, eg extending the term to make payments less...…
March 1
AJ added a discussion
The Shire of Litchfield had a problem collecting about $250,000 from unimproved land holdings which were unmaintained and basically had no active ownership. This properties known as "dead man" leases were owned by estates that acquired them in the 1…
March 1
You should email this to Get-Up
March 1
Ever read "The richest man in Babylon"? Its got the most straight forward financial plan that applies to anyone.
March 1
In fact you can buy a series of books revealing Buffetts strategy. The ones I prefer are any authored by Mary Buffett but there are others as well
March 1
AJ is now a member of FatCat's Money Confessions
February 28
J Pang added a discussion
We'd love any advice or opinions on the following;   We've got 3 properties (2 investment properties and 1 principle residence).  We lived in our principle residence for 2 years and have been renting it out for the past 5.5 years, the property is va…
February 27

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