Let’s see…just about to made 1300% on a company I’ve been Angelling who’s IPOing next month. If the company goes above list price & is successful, that will be a fair bit more.

Nothing much exciting on the property side in the last few months, just slow steady growth – but we’re not focusing there at present, just maintaining the curve.

Cheers,

Aceyducey

I think this whole discussion gets down to a single word.

FREEDOM

The key with Financial Freedom is that you’re FREE. Your time is your own, you can pick and choose your commitments and choose when and if you work, who you work for and what you do.

You have the freedom to help charities without having to find cash to put food on the table.

You can work at the endeavours you enjoy.

I can understand why many people who are financially tied to their job take up the ‘sour grapes’ philosophy.

They ‘love’ their job in the same way that stockholm syndrome can make captives identify and ‘love’ their captors.

The only time you can really be sure that you love what you are doing is if you can walk away from it at ANY time without financial stress.

At that point you can be completely honest with yourself that you are in that role because you do love it.

BTW: Kay you’re completely correct that historically people who are unemployed are more likely to be ill. After all they are stressed – financially on the ropes – adrift in a society that has taught them that they are nothing if they don’t have work. Brainwashed and outcast.

Equally historically retired people also suffered from ill health.

After all the primary reason people leave work is due to being too old or due to ill health. Naturally most retirees from the rat race only have a few years left in their bodies before health issues set in.

If you are financially free you’re not part of these groups. You can do the things you most want to do at a time of life when you are physically able to do them.

You have no financial stress. You can define your own meaning. Of course small people always try to pull you down and say ‘if you’re not working you’re unemployed – valueless’…But that reflects THEIR brainwashing. They are the captives of the system.

Anyone who wants to work until they die in a job they claim to love but cannot afford to leave is welcome to do so. We do need people like this in the world.

It allows those of us who are or seek to be financially free to see what we could have been if we didn’t put our energies into choosing our lives and goals, rather than having society & employers choose them for us.

Cheers,

Aceyducey

Yup Mel I made a mistake – that’s what happens when I scan too quickly

Cheers,

Aceyducey

Gee wow! A good looking layout.

Unfortunately the site is poorly conceived in most other ways.

Bad name – has too many negative connotations.

Poor grammar – shows that owner doesn’t care enough about the business

Too much rhetoric – not enough solid, plain english, content

Cheers,

Aceyducey

Milly,

Often female REAs are better at their jobs than male ones.

Frankly you might find it easier to negotiate a better deal with a male agent than a female!

And my partner does a lot of dealing with REAs (does most of our frontline negotiating, I’m the back-up). She also finds it easier to negotiate hard with male REAs.

Don’t challenge it if you can make it work in your favour!!!

Cheers,

Aceyducey

Unit Trust is a good solution as well – with a corporate trustee owned 50/50 by the two of you.

It makes it easy to make changes & to manage tax & liability effectively.

Cheers,

Aceyducey

Step one: Drop your BIG FOUR accountant – and NEVER use one of these companies to advise on property investing again.

Look up Dale Gatherum-Goss. He’s an excellent investment accountant. Tomy Commisso is good, but can be a bit too aggressive for some peoples’ taste

Cheers,

Aceyducey

Finder,

Do LOTS of research and make sure that what you are doing is absolutely legal!!!!!!!

There are too many people happy to call themselves spotters without real estate licenses in Australia.

I’d look into professional indemnity insurance as well.

Cheers,

Aceyducey

JenD,

Check with the FIRB as to whether you qualify to purchase the property.

Generally foreign citizens are only allowed to buy NEW dwellings in Australia. Dunno if your status as a ‘Resident for Tax Purposes’ will help you.

Frankly given your situation & time of life I think you’ve got much better ways to spend your money right now than in property

You don’t even know if you’ll be staying in Australia long-term….and no matter how steady your boyfriend, it sounds like you’re taking a bigger risk than you might think.

Enjoy your MBA – and make sure you back it up with plenty of real-life practical business experience….I’ve seen a lot of MBA graduates out in the workforce, and have not been impressed with most of their common sense (usually absent) or business acumen (ditto).

Cheers,

Aceyducey

Martin is, I believe, one of Neil Jenman’s agents.

Seen him before on other forums

I like the comment in Neil’s article:

Well damn – kill that ambition for everyone…..we all may as well sell all our properties and go live in caves…

Perhaps it would be better to say it is not possible for MOST average Australians…..

Perhaps the people he tramples down as ‘average Australians’ are not capable of their own financial success and need to be protected by a wealthy and financially independent real estate agent and property guru such as Neil Jenman who constantly promotes his franchise chain.

Then again, perhaps not!

Cheers,

Aceyducey