in my experience though – earning a salary will not make you too wealthy even if you save. being an investor and getting an inheritance are the best ways to become financially indepandant.
what also works for me is not wanting much – you become wealthy alot quicker that way
ref china – i agree housesonly. bare in mind however that the huge players are already there and in a big way. the likes of BHP, rio tinto,
MIM etc etc
China has kept the raw commodity market in shape while the USA and Eurpoe have floundered.
play mostly blues/folk so i like everything from
jack johnson, cruel sea, billy bragg, luka bloom, christy moore and some of the oldies like bb king, muddy waters, woody guthries etc etc
dont mind pop for a bit of escapism
favourite authors
tom robbins, tim winton, kurt vonnegut, joseph hellar
great to hear everyone and there interests. makes this forum all the more human (rather than just realestate)
cremin – wish i was at reading also
mc deyess – go bombers tnite
– playing guitar and listening to music
(fav ron sexsmith, beck and kiss)
– travelling (most of seasia and the subcontinent)
(fav place nepal)
– sport (tennis, football, water skiing)
– loving
– laughing
– crying
– furniture making
– thinking
– praying
– practising making babies (not kidding)
– reading
– arguing
– being forgiven
– making up
didnt really take notice of my finances until a few years ago. have learnt alot recently, made some investments and happy with the way things are going…..
sure the boom will probably continue for a while – why wouldnt it. i noticed however he never said there would not be a bust!
if the market levels out for say 5 years, to me that is the same as a 30 pct bust in yr 1 and then average grwoth fro 4 years.
especially when yr getting level or no real returns when other nvestors mught be getting 10-20 pct. Just like if you had shares now instead of property.
lets see anyway. in truth i have exposure in a few markets (property, equities, gold etc).