Why is it.................?

[LG17]

Originally Posted by Itsme

Never trust banks, and in my opinion close your mortgage, you really don't need it, plus you now have an asset that will cover any type of loan including a mortgage, if the needs arises again.

Should the unthinkable happen and I need to re-mortgage then it won't cost me anything to do it.

[Itsme]

Originally Posted by LG17

Should the unthinkable happen and I need to re-mortgage then it won't cost me anything to do it.

Just remember your property title is still in their hands (mortgaged), not cleared to you, something to think about against a modest loan fee.
I was thinking the same as you but decided to get the title back under our name & cleared from the Bank.

[prktkljokr]

Depending on how much you would need to borrow, the fact that you own your home any bank will throw money at you without the home as security, you have already proven yourself by paying it off, the only time you would need the mortgage again is if you were borrowing to buy another house/s.

[Citroënbender]

I’d be interested to hear PeterB-CV8’s take on this.

[Peter B - CV8]

It's the age old dilemma.... My personal feeling is to get the Bank to register their Discharge of Mortgage - so that your Title deed is clear. It's a great feeling to know that a Bank isn't part of your life anymore :-) Yes, it will cost you a couple of hundred dollars - but it's a worthwhile expense just for the peace of mind.

[Citroënbender]

What about the obligation angle; borrowers are generally supposed to inform lenders of changes to their personal situation that credit was originally predicated upon? Surely it would make redrawing difficult if one was honest about retirement…

[Peter B - CV8]

Just because the Bank might already hold a property as security doesn't mean that they don't have to carry out a complete credit assessment when you ask them for a loan.
Sometimes it can be a good idea to pay the loan balance right down, but keep it open & with access to loan redraw, if you are unsure if you'll meet the Bank's credit assessment criteria. Obviously you'd also need to know that you can meet loan repayments etc.

[FTE217]

Originally Posted by Peter B - CV8

It's the age old dilemma.... My personal feeling is to get the Bank to register their Discharge of Mortgage - so that your Title deed is clear. It's a great feeling to know that a Bank isn't part of your life anymore :-) Yes, it will cost you a couple of hundred dollars - but it's a worthwhile expense just for the peace of mind.

yep here here, I actually told my wife over the years lets keep the mortgage open for the ease of borrowing or investing or whatever - in time she said I'd like to finally have OUR title for ourselves its our badge of honour and I got to agree its a wonderful feeling.
I really don't see what gain there is keeping the acc open ?
Your cashed up, no debt, easy as **** if I like to open another loan with ease.

[Interceptor]

Why is it......

That owners management of long established businesses think its acceptable to say "We've been doing this for xx years, we know better than you" when an employee identifies issues & raises concerns?

That management will accept what at best is mediocre performance from employees, overload the few employees they have that are actually fighting to keep the place afloat, then complain about poor performance?

[FTE217]

Originally Posted by Interceptor

Why is it......

That owners management of long established businesses think its acceptable to say "We've been doing this for xx years, we know better than you" when an employee identifies issues & raises concerns?

That management will accept what at best is mediocre performance from employees, overload the few employees they have that are actually fighting to keep the place afloat, then complain about poor performance?

I suspect what type of company your applying this to ?
Public or private, so many factors come into this but I know what you mean.
Like the ol term, my way or the highway as well.
I'm not listenning, well that all comes down what style of appraoch and outlook the fish's head has.
IF you don't value good employees input it just recycle and rinse outlook.

[DFB FGXR6]

Originally Posted by Interceptor

Why is it......

That owners management of long established businesses think its acceptable to say "We've been doing this for xx years, we know better than you" when an employee identifies issues & raises concerns?

That management will accept what at best is mediocre performance from employees, overload the few employees they have that are actually fighting to keep the place afloat, then complain about poor performance?

I'm currently observing this at the moment. A recent crackdown on the productivity of a few select employees, completely at odds to managements lack of productivity. Remember, just because you show up and stay on the premises longer every day, that doesn't necessarily mean you are working harder or more efficiently than others.

And guess who is the overloaded in this scenario? And guess who has to listen to the complaints so and so isn't working hard enough, then wanting to highlight the subject of daily chit chat at the counter over coffee every morning is a waste of 45 - 60 minutes. Or doing trivial jobs over more pressing concerns. I could go on and on but................

[AMB]

Originally Posted by DFB FGXR6

.... completely at odds to managements lack of productivity. Remember, just because you show up and stay on the premises longer every day,..................

Seen many managers like that over the years. Yeah they work long hours, because they spend half the day on the phone, then have to catch up on the real work.

[DFB FGXR6]

Originally Posted by AMB

Seen many managers like that over the years. Yeah they work long hours, because they spend half the day on the phone, then have to catch up on the real work.

..............or staring out the window critiquing others, running round in circles all day, taking personal calls during work hours, making small talk with family members, over complicating simple tasks....................

[marty351]

.....

[onemanempire]

Office Space... My favorite all time movie.. Lumberg fusked her..

Peter..... Whaaaats happenin

Classic lines.



One Man

[marty351]

Originally Posted by onemanempire

Office Space... My favorite all time movie.. Lumberg fusked her..

Peter..... Whaaaats happenin

Classic lines.



One Man

And who could forget Milton.

[DFB FGXR6]

Originally Posted by marty351

.....

Well, I haven't had a weekend off since I last took annual leave back in January.

[MITCHAY]

Originally Posted by DFB FGXR6

Well, I haven't had a weekend off since I last took annual leave back in January.

Not healthy mate. Sometimes you just have to say **** them and do it.

[MITCHAY]

I have one. Why is it I have enough money in my super to pay off my mortgage with change but can't do it?

If I were to die tomorrow my mum would be down a son and have a fully paid off house and more that she does not need, but today I could tell the banks to get ****ed!

I only bring this up because the people at work are doing the sums for the mic drop. A bit older than me but just seems stupid

[DFB FGXR6]

Originally Posted by MITCHAY

Not healthy mate. Sometimes you just have to say **** them and do it.

I know. I do defer days off into weekdays, but that doesn't always work and means I miss out on family things, events like car shows/concerts ect.

I'm actually gearing up for 3-months long service leave, I've been at the company since 2003 and have yet to take anything other than the usual 2-weeks annual leave.

Of course, this leave falling in spring (peak selling period) has me feeling guilty, but I've been waiting two years for the catalyst to this leave (a new car), if not now, then when?

[Tonz]

DFB FGXR6, gonna be blunt mate. About time you started thinking about your own self and not them as a business. Family business loyalty yes I get that but if their own family members are more concerned about themselves than the business then why should you.

I was in your position 40 years ago and walked because they gave me no option. They had the position filled within 48 hours and nothing changed. EXCEPT for the betterment of my health and mental well being.
Dont think your indespensible. Yes your talents and abilities are, true. But they will fill your spot, abit not the same talents. These days most clients dont care who serves them only they get served NOW.

Inform them you ARE taking long service leave. State the dates and stick with it. Dont budge. IF!!! they really care about you, they will work with you. Again If they start going off like stuck pigs 'we cant let you, we need you'. then you have won the battle.
If on the other hand they dont care then what are you really to them? Just a comodity, part of the furniture.

So much more I could say. But you owe them nothing, with your talents, capabilities, gifts you could hand pick a job anywhere.
They owe you for your loyalty, commitment, dedication.

Go tiger be the owner and director of your own destiny

[MITCHAY]

A bloke at work had a heart attack the other day and I'm certain in part due to the BS of work if not completely. It aint worth it mate. In fact 2/3 devs have had one, I'm next cab off the rank and I have to change things.

[onemanempire]

Originally Posted by Tonz

If on the other hand they dont care then what are you really to them? Just a comodity, part of the furniture.

Got me thinking of a chat with an ex mine worker yesterday. I asked her why she no longer works in the mining scene, she said, "You have no life", and "your just a "cash cow".

After reading what you said DFB, sounds to me like it could well be the same in your case. Sure, I don't know the whole story, and sorry to come across sounding callous and all, but don't really want to know. Not my bees wax.

Anyways...

I used to think I was irreplaceable.. meaning NO ONE could do it better than ME. I am correct by saying that, as I give 110%, 110% of the time I am working for "Da Man".. or "Da Woman".

Funny thing is, after I burnt myself out, I was replaced by a dark skinned, non ozzie speaking chap, that was shite.. Yes, he COULD, do the job, just not as well as me. The key words here are "He could do the job".

Boss didn't care how it was done, or how long it took to do... he just wanted someone to DO THE job, as he was NOT the one paying wages... he was the logistics manager, not the owner. A pleb if you like.

So I say (for what it's worth), take your leave and rest you soul, be kind to yourself. No point wearing your self down to a frazzle just for the sake of someone else's bank balance. Your doing nothing wrong. If they wanna get their back up about it, then I say: I can see a job change on the horizon for you Mr.

One Man

[Itsme]

DFB FGXR6, I just clocked up 30 years with my company, the way they presented my 30-year recognition award was one big fn joke, I'm very close to retirement and I'm still treated like a clock card number.
Not many companies treat their workers with respect these days, watch out & look after yourself cause no one else will.