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  • Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    And there all in their 30’s and 40’s?

    What about the 10 richest 20-somethings?

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    Do NOT take Iodine.

    Direct contact with skin can cause lesions, so it should be handled with care. Iodine vapor is very irritating to the eye and to mucous membranes. Concentration of iodine in the air should not exceed 1 mg/m³ (eight-hour time-weighted average).

    http://en.wikipedia.org/wiki/Iodine#Precautions

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    Dr.X:

    Well if the individual parts in the system can be carefully maintained or even replaced then why not?

    The biggest problem though is that once you pass breeding age the *protections* of millions of years of evolution apply less and less until your body may eventually fail from something that had no negative effect on your parents (grandparents and so on)
    ability to multiply whatsoever.

    If there’s a mutation in your blood line that makes your head fall of when you get to 150 no one will find out until they reach that golden age.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    When I was flatting and living on the student allowance, studying and seriously undercharging for PC support and not getting much work (back in about 2002) I would go to a place called “victory for life church” and get a box of food.

    It was quite good and you got a decent amount of food but you needed to eat it within about 2 days because it was all so close to the used-by-date. One or two of the items I decided not to eat but mostly it was a good mix of the good and often things that I wouldn’t normally buy.

    Of course they tried to convert you over to their church on each visit.

    It’s a good idea for supermarkets to make this stuff available to charities and the like and I believe there is legislation that saves them from facing liability if the food makes someone sick.

    Maybe there could even be afterhours “price reduced depos” where low income or people stuck in limbo between payments can stock up but I think the supermarkets are worried about weakening the market for their prime and fresh goods.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    Yeah,

    I’m a self-employed call out computer tech and am sick and tired of working from home and not having a decent office/workshop. At the same time I think commercial rents are slavery.

    I’m more than happy to work very hard as long as I know it going to end up with me (or me and a partner or partners) owning the building even if it takes about 10-20 or so years.

    I would also like to help other self-employed people do the same and setup their business properly so that they can franchise it.

    Please contact me if you want to discuss what I am talking about.

    thanks,

    Chris
    1300 722 146

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    Do you perhaps wonder how Steve and Dave would have gone if they took a different route to developing their property/income portfolio? If say instead of buying all those residential properties they franchised their accounting business and bought commercial properties for the franchises to rent from them. That way they are selling a license to use their business processes, trademarks, marketing and familiarity as well as renting out the commercial property to the franchisees.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    asdf:

    I don’t think it does. It puts you in a better bargaining position but that position is *way* overpriced and you can be so busy/stressed earning the money to pay your overheads that you may not have any time/money left to look for a girlfriend.

    I’ve actually had more girlfriends since I moved back in with my parents. It does look a bit stupid though so obviously I do need to get out of here soon. I really want the best of both worlds. My own place but not having to push myself to work so hard for it all the time.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    When I originally moved out I only did so because I believed it would be easier to get a girlfriend if I had my own place. That was my only motivation.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    Good advice.

    I applied for a job recently and in the description it said they were specifcially looking to hire call-out computer techs with “experience running their own business”

    They charge more per half hour than I charge per hour which is quite interesting.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    lifeX,

    Just out of interest, what franchise is that?

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    I actually work very hard doing what my customers ask me to (and 99% of them have no idea what servers are used for or what runs on them) and sometimes bigger projects (setting up Small Business Server, Virtual Private Networks etc) can be daunting if I have to personally sign a service level agreement and give a fixed quote beforehand if i’ve never actually done it before and don’t know how long it will take.

    Most customers can’t afford a server anyway and you need to offer finance.

    And without doubt while I’m planning/quoting/implementing it I’ll get a large batch of users calling up with emergencies with the desktop PCs and internet connections either wanting me to come out or wanting support over the phone. All this while I have to manage the books.

    I had a job interview recently.

    The problem is they wanted me to have a lot more exposure to servers than I currently have.

    One thing I did offer is that I could forward my 1300 number to their line so that the receptionist answers (informs the customer that my business has been aquired an that standard commercial rates are now applicable) and fishes the work out to me. As I get exposed to servers more (both Windows and Linux) and complete my MCSE they can gradually give me more responsibility.

    The guy kept a complete poker face while I was explaining this to him so I have no idea what is going to happen. He said they were interviewing other people as well which doesn’t sound good.

    I told him I was definately interested in moving to fulltime employment because it would be much easier to manage than running the business and doing everything as I am now.

    There’s huge fortune to be made buying out technician-run companies like mine, setting them up properly (by developing all the processes and giving people jobs!), franchising them and using the franchise to build a commercial real estate empire.

    If I was financially independent I could focus on such things instead of running around to make my next buck and feed my ever rumbleing stomach.

    You may notice I haven’t been bored and posting here as much as I have been flat out since the beginning of August.

    I’m saving up as much as I can. Even eating canned tuna and pasta instead of getting subway! Well actually that not entirely true but I had 4 oranges and left over chicken instead of getting red rooster for lunch today.

    The means of becomming financially independent I’m investigating at the moment is every six months taking out another margin loan for an unlisted property trust. Making the repayments and saving up my next deposit out of my own earnings until I get the dividends. I need to do much more research.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    I hoon around in a ’82 Datsun Stanza. I paid $1300 for it about 3 years ago and it was in mint condition.

    Since then its been hit 3 times in the left rear passenger door. None of those times were my fault. I’ve also had a truck smack into the back of me and dent my rear bumper.

    I’ve also had the master brake cynder replaced and keep it regularly serviced.

    Its done: 207,724 and I spend about $190-220 a month on ULP + additive.

    I found that you can get horizontal in it if you put the front passenger seat right down and don’t have a baby seat behind it ;)

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    Becareful they aren’t foolishly leaping into the drugs and alcohol at that age though. The IP could become a big party.

    The house I’m living it at the moment backs straight onto the swan river and has nice jetty. Its owned by my parents and they are the cost of basic new car from paying it off.
    I hear it goes up about 50k a year but if its gets rezoned to R40 its going to go up much more than that.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    Thank you. I’m still learning after all.

    Sounds like a bit of a heist though. Does the LMI company charge you interest on the money if they have to chase you up?

    I’d rather put the money aside into a managed property trust (that pays you dividends) and that you can sell if things go pear shaped but I guess lenders call the shots.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    I’m in Ascot, Perth.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    The idea of the insurance is to mitigate the risk of a situation arising in which you can’t make the repayments.
    For instance if a tenant suddenly goes insolvent without warning and can’t pay the rent.

    Surely if your insurance mitigates certain risks then your loan should be seen as less risky and you should be able to command a higher LVR.

    I got the idea because a bloke I spoke to on the slashdot meet said he was able to pay 5% deposit on his first home instead of 20% as he paid for $3000 in mortgage insurance.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    Here is their website:

    http://www.bbjapanpropertytrust.com/

    Looks like they invest in office and retail. I haven’t looked into it any further. I am suspicious as to why they would need to list on the ASX to get investment funds when interest rates there are so low. Just for the deposits perhaps?

    As always only invest once you make an informed decision after doing your research.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58
    Originally posted by Terryw:

    Yes, I can’t understand why people just don’t buy. Many probably ndon’t want to commit to a long loan.

    Are you going to have a crack at it yourself?

    Another thing cheap here is cigarettes. pack of Malbrow costs about $4! And kids can buy them on the streets from vending machines.

    Now that’s progress!

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    Go back and have another look. Try commerical, try remote areas with mining booms, try bulk flats/villas/townhouses.

    Profile photo of castoncaston
    Participant
    @caston
    Join Date: 2005
    Post Count: 58

    Regrow:

    Just wondering if you could describe the duties of your job. What does a Roustabout do during those 3 weeks on?

    regards,

    Chris

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