HOOLEY DOOLEY!! What an introduction to this forum!! This is my first time at this site and I am most certainly being educated… about many things!! At the risk of taking up valuable investor education space, i would like to add a couple of points in reply to what has been noted on the previous 5 pages (and 1/2 hour of my precious time!!) In no particular order:
On dads (and occasionally mums) being slugged or slapped with or however you wish to term child support, how about a shift in attidtude here. There is no doubt payments can seem inequitable. I dont wish to be drawn into a 3 page debate on that, I simply have this comment. Imagine looking your children in the eye and telling them with the same “passion” as you tell other people that you are being “slugged” with a payment for their existance? Can you picture the devastation in their eyes?
Perhaps we should should slip into our vocabularty something like “I proudly pay child support for the welfare of my children, but it impacts me more financially than if my children lived with me.” Both statements indicate that there is (often) a greater financial cost to supporting children living away from you than with you. Which statemnent would you be proud to say to your child?
On people choosing to live rich or poor:
Someone mentioned that it is the choices people make which make them poor rather than choosing to be poor. Both are correct. Some people choose poor because they have victim and welfare mentatlity (through a multidue of life experiences). Many, most I suspect, don’t know they have resources available to persue any other option. Whether reading this from an ivory tower or a middle class brick house, you are reading this because you know (or like me) are learning the answers to the squillions of questions about creating financial (and time) freedom. And here is the clincher…asking questions.
So many people dont know what questions to ask. They dont know the subject to ask questions about.Generations of people (I suggest lower socio-economic) through lack of education (at school, home and socially), lack of experience and, quite significantly, a lack of living, breathing examples in their own lives have no idea that they can make decicions which will lead them into a more prosperous life. Its not just about wanting to help themselves. The big challenge is even knowing that they can.
They dont know that they can inch their way to a life of freedom of choice.Instant gratification is certainly wrapped up in that.
For those who give it a go (saving) or at least not spending, if their life has been one of I want it, I buy it, it is very difficult to keep on track. Any of you cynics ever tried a diet? Still skinny are you? So you see even when we do know whats good for us, we find it difficult to keep going.
On taxes:
Again the fact that we are here on this forum means we have made the decision to improve our financial circumstances. We can bitch all we like about taxes, but we wont get them changed. I hope that by going to these forums, and seeking out like minded investors, I will learn ways to minimise tax today because I dont plan on drawing on it in 20 years time as a pension.
I could go on, but my 10 hour a week job, which is playing a small but steady part in my time and financial freedom plan, beckons.
To go back to real estate investing, I am yet to sign on the dotted line. I’m reading heaps, asking questions of the very few people ( well none really) in my life who have any idea of what Im talking about. I grill anyone I meet who uses the word investment, or real estate or Kiyosaki, Somers, Mcknight, cash flow, gearing etc etc. ( A little hazardous though as I nearly got a long lesson on how to re-build a gear box!!)I do hope to visit this site and others many more times as I have barely skimmed the surface of information available here. I have so many question to ask and so many more things to learn about before I can even devise more questions TO ask. Hope that makes sense!
Cheers
freedom seeker
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