Originally posted by wayneL:
[brTypically delusional MLM garbage…not that you can’t make money….but the reality is entirely different to the propaganda.

Interesting.
Yet if you qualify the above as garbage, you must not limit it to Network Marketing since the principles I comment on from time to time, far from being an invention of the NM…[Read more]

Thank you MLV, but I don’t think getting out of NSW is the answer.
Anyway, have a nice Christmas you all.

May God prosper you always.[biggrin]
Marc

Some good points there honky.

Perhaps the thing that most people who have negative points against NM find hard to overcome, is the fact that their business success equates to their upline’s / sponsor’s success. This, that should be the biggest attraction is in fact the biggest deterrent.

People quickly work out how for each $100 turn over,…[Read more]

Articles in a newspaper have one single solitary purpuse, and it is: sell the paper.

Again I ask, why would people write articles that weren’t of interest to anyone? Of course they want to sell the paper.]

Perhaps I was a bit criptic, let see if I can rephrase.
What is the purpuse of a newspaper or a TV station for that matter?
Answer: make…[Read more]

Originally posted by richmond:
“So even if Australians don’t consider themselves greedy, on some measures we are. Particularly if we define greed as taking more than our fair share. In 1998 the United Nations Development Program estimated a child born in Australia would consume the same as 30-50 children born in developing countries.” – I think…[Read more]

Originally posted by MichaelWhyte:
Its official. According the SMH today we’re a greedy bunch and getting greedier, and what’s more this is a good thing!

You thrifty types better get out there and spend up big over Christmas like all those good people contributing to our economic growth. Forecasts say we’ll spend on average $1650 for every…[Read more]

Originally posted by waprincess:

Okay so we know that some baby boomers will be looking for lifestyle and some investors believe that they’ll be able to cash in on that. But how do all of the retirement villages that have been popping up up and down the coast here in WA fit into this.
In my neighbourhood you can’t buy a decent house for under…[Read more]

Originally posted by aussierogue:
‘i say bring in a flat rate personal income tax’…

Marc (or should i say Mr Burns) – another balanced pearl of wisdom…keep up the interesting work.

My dearest Aussie, my point is this:
Land tax is supposed to tax…well LAND.

So, If I own a property that is valued by the Jolly Men In The Forest at say…[Read more]

Originally posted by wayneL:
Hehe, I knew that’d wind you up.

Wayne, so are you going to put the rent up, of are you going to be a good Samaritan?

May God prosper you always.[biggrin]
Marc

Originally posted by showmethemoney:
All

Landtax what a rip off! This year our land tax bill reached over $10,000. This is due to the exponential increase in rate as the number and hence aggregate value of all properties held increases.
We cannot afford to hold any longer and so are forced to sell down. Sure the capital values have increased but…[Read more]

But I’m wondering why you would not be satisfied with the ludicrous leveraged capital gains and favourable tax treatment of your investments.

Perhaps you fail to see property investment as for what it is, a business, like 95% of the rest of investors who are amateurs, and buy a second property for tax purposes.
Any other business would be up in…[Read more]

Originally posted by wayneL:
What if the market will not tolerate a rent increase?
Ya know? Supply and demand?

Ignoring the sarcasm…[baaa]…….It is my opinion that the rental market, as it is dominated by a vast majority of landlords that only hold one property, it is far too sheepish to take aggressive action to protect the income level…[Read more]

Originally posted by Junkers:
I just recently received this email from my accountant explaining the land tax.
Hope this is of some help to anyone confused about the land tax payable on their investment properties.

It is essentially a tax on the value of land held as at 31 December each year
The office of state revenue determine the value of land…[Read more]

Land tax is calculated on the combined value of all taxable land, owned.
Less than 400k = 0.4 cent for each dollar EVERY YEAR
Less than 500k = $1600 PLUS 0.6c per dollar above 400k
More than $500k = $2200 + 1.4 cent above $500k

Of course the form says that you can “claim for an exemption for your own home” (how generous) and Mr Carr may just…[Read more]

Of course you could try the Seinfield approach:

– Look, I am in the middle of something, could you give me your home phone so that I can call you at your home later?

– No I don’t give my home phone out, I dont get business calls at home.

– Ah you don’t? Now you know how I feel!!

May God prosper you always.[biggrin]
Marc

I know the terms “lineal” income the one you get by exchanging hours for dollar, and “residual “income, the one that comes from investment or royalties that is independent from what you do.
Passive I supose refers to residual and active to lineal.

I am pursuing activley residual income, in order to make passive my lineal income…[biggrin]

May…[Read more]

I had no loss since the bond covered it, yet if anything else would need repair, there would be no bond left and I would have to claim to the insurance.
I have a comprehensive landlord insurance with CGU and found out that the damage by animals that the policy covers is from “other” animals like the next door neighbour’s pet, but NOT my tenant’s…[Read more]

Originally posted by resiwealth:

Thread title: “Get Rich Quickly or Get Rich Slowly”

Some people get to where they want to be earlier than others so why is that do you think. I mean some are lucky through good timing – some are born into it – some do it accidently – some follow a regimented set of strategies etc etc

Some make it big then 5…[Read more]

I like LifeX answer and some of the others too.

I personally think that “get rich quick” has got a bad rap, and that one must be able to discriminate from “get conned quick” plans.

Providing you do your homework and ask the RIGHT people, I think that the worst you can do is ask your neighbor or his financial adviser for an opinion on something…[Read more]

All of the above plus:

Say you borrow money from the bank to buy your property. Say you borrow a lot of money. Say you borrowed 95%
And there is a drop in prices of 15%.

Your property is now worth 85% of the original value paid, yet you owe the bank 95%.

If you think that is not a problem, think again.

May God prosper you always.[biggrin]
Marc