Reminds me of the “Rich Dad Poor Dad” story of the story about how Kiyosaki’s Rich Dad learnt wealth creation lessons from Monopoly about buying houses and hotels. Perhaps there are real lessons to be learnt in current games like SimCity which start to include such a huge amount of managable details to property. (Perhaps not as many valid lessons…[Read more]

Hi Cocopops,

I’m one of the ‘singles’ – a 23y.o recent University graduate. I know what you mean about not having a someone (partner) to bounce ideas off as couples do. I’m a big believer in having a good team behind you and personally Im quite fortunate enough to have some financially like-minded friends who I can talk to about finances and…[Read more]

Hi Kellie

Good luck with your property hope you manage to do well from it. Places like Rockingham definetly get the thumbs up in my book. It always amazes me driving around Mandurah how far that has come along and looking at all the very impressive houses along the canels. A friend of our family went down to Mandurah a few months ago to look at a…[Read more]

I would agree that the point Kiyosaki was trying to make was that making positive returns from property is a much better approach than making negative returns (as illustrated by the removal of negative gearing)

I couldn’t really see any government removing negative gearing here in Australia. Stamp duty is enough of a pain in the butt without…[Read more]

Yup I agree. Perhaps a good idea would be to make an inclusion in the ‘terms and conditions’ just mentioning that a good approach would be to search the forum first for posts relating to your query, and then if nothing is found or doesnt address the question enough, to create a new posting.

On a related issue, there are several posts now and then…[Read more]

quote:
G’day Brett,

Getting 6 IP’s in Sydney metro on average salaries over the last 5 years, I would say my secret was a great mortgage broker. This guy switched companies 3 times, and I always followed.
Last year I started a broking business with him and now we help people get into IP with a smile.
We specialise in people who want to be…

[Read more]

quote:
I would like to retire early on a passive income.

If this is really what you want, then the answer is simple – door No.2 []

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

Hi Jeanne,

I am actually the person that recommended Ken Tatam. He is the father of one of my best friends and is an absolute gun when it comes to accounting and taxation. He used to be in a large accounting firm beside heading out to start his own one which is in the Churchlands area. A very hard working and intelligent person (and very nice) he…[Read more]

Dont spend your time trying to ‘predict’ what is going to happen, spend it being ‘prepared’ for whatever happens.

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

Congratulations Susie its good to hear everything is going smoothly for you. []

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

quote:I have big plans and goals over the next 8-10 years, but I am not too sure how to get there

This seems like a good place to start [] Perhaps if you explain to us what your goals/plans over this time period, it would put us in a better position to help you achieve them.

Regards,
Brett []

“Even if you’re on the right track you’ll get run…[Read more]

Yes, the issue you need to look at is what were the circumstances surrounding his/her bankruptcy.

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

quote:How many of you are retired??
My guess is none! Prove me wrong

What is the purpose of this question?

My assumption is that you intend to highlight the fact that nobody on this forum has retired yet as a result of building up a cashflow positive investment portfolio with the aim of supporting your position that this is all a ‘sham’ as you…[Read more]

And your question is… what?

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

Breathe Susie, breath. []

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

Howdy folks,

1. “The Journey”

2. “Live The Life You Imagined”

3. “Home Sweet Home”

4. “Absolutely Positively”

5. “Property Porsche: From 0 to 130 properties in 3 years”

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

Howdy folks!

Looks great Steve and I am sure it will inspired those looking for something to kick start them on the path.

Couple of things:

Firstly, as an introduction to the book, when you ask “Should I buy this book” I would just naturally assume that if a person was reading the intro, then they had already purchased the book [] (though I…[Read more]

Welcome aboard GT []

At the risk of being a pain, I’g going to answer your question with a question of my own.

Your Q: If you were in my position where would you start?

My Q: Where would you like to finish?

Personally I’ve never been big on planning or setting goals, but if there is one thing I have learned so far, its that it is of VITAL…[Read more]

Something that might help you make a decision is this small fact:

McDonalads is the wealthiest land/property owner in the world.

As always though, your due diligence should be telling you wether or not you should or shouldn’t be buying.

Regards,
Brett []

“Even if you’re on the right track you’ll get run over if you just sit there.”

Hi folks,

Whilst I complete my University degree, I work part-time as an IT Support Officer at AMP’s West Perth offices. (I’m assuming everyone knows who AMP is) As someone who has taken a very active interest in their personal finances/creating wealth through investments etc. I’ve found this to be a great opportunity in this respect because I…[Read more]