Hi Bill

you can use this formula
A = P(1+i)^n
P = beginning amount,
i = interest (annual rate of increase)
n = years invested
A = end amount

So working backwards

2,000,000 = P (1+0.104)^15

2,000,000 = P (1.104)^15

2,000,000 = P(4.410990281)

2,000,000 / 4.410990281= P

P = 453412.92

Good on you guys hopefully many here will take your example and be more understanding of others

and rofl mean rolling on the floor laughing but I dont know about the other one.

an hour with a wise man is worth 100 books

Cam.

Hi investorxdrawdinair

Quote:(I was told to never tell children “We can’t afford it” as it creates the pauper mentality; whereas the explanation given develops responsible financial planning.)end Quote

Thank you that is good advise.

I always try to talk to my 2 sons as if they are much older and include them in the family disscussions.

Cam.

Ah the Goodies I loved that show, I remember running home from school to watch it. I would love it to return so my sons can watch it too.

I also liked the “Young ones” and Doctor Who.

Oh and I took it away becasue you never can tell with some people I once sent a “net send” the screen that pops up on your monitor that the guy had virus a and would start melting his hard drive in 20 seconds. He started to delete everything to try to get rid of it []

oh well thank goodness for backups []

Hi Amit

It was me who posted the Amit’s Boss thing but after I posted it I thought that I better not []

Cam.

Hi vluu I think that you have answered the question yourself as you said

“you should build a business relationship with the tenant”

a business relatonship is different to a friendly relationship as it is probably based more on mutual respect and understanding which would be ideal.

The tenant is to my mind a business partner and in any business its best that all partners are happy they pay rent and you maintain the property.

remember in Steve’s book he is always striving for the win win situation.

Rudyard Kipling, Nobel Prize winning author said :

‘If you do not get what you want it is a
sign that you did not seriously want it.’

and Eric Hoffer said :

‘It seems that intense desire
creates not only its opportunities but it’s own talents.’

An experienced lumberjack walked past one of the new recruits. The new recruit viciously chopped away at the large tree but only managed to bruise the bark. Seeing the hard work and wasted effort, the experienced lumberjack said, “Hey, why don’t you sharpen your ax? It will make you much more efficient.”

The new recruit answered, “No. I can’t take the time to sharpen my ax. I’m busy trying to cut down this tree.”

Many people suffer from the “dull ax” syndrome. They set goals, work hard, but never reach the success they desire. Why? Because they never took the time to sharpen their “ax” by learning new, effective skills. These people waste effort, waste resources, and waste their careers. If only they would take a little time away from their frenzied futility to learn the skills that would serve them for a lifetime.

ntan0502

I am not saying that this is correct but you have so far made 4 posts 3 in this thread.

I think you are already a member and are trying to “feel” the market here.

a better place to post this would be on an MLM site I think.

I applaud you for trying though

just a thought.

Well Arty now all you have to do is act crazy cut off an ear or something then get paid $2000 a week to stand in a gallery []

Cam.