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i am a single female battling to get ahead. I have always worked a few jobs at one time and up until recently i had 2 units. I decided to sell one when i couldnt afford it anymore and am having a break now and just working one job and enjoying myself for a while.
The breaking point for me after all the reading etc regarding investing was when i received my tax return and realised that i would get back a much smaller percentage of what i put in because it is based on your tax bracket!!!
This i did not realise and so fell very short in being able to put back what i thought i would be able to. Luckily i sold for a profit which although i didnt profit on paper, i came out with
enough money to pay back a 2nd loan i had borrowed on my equity to buy the 2nd property but have actually kept this for now.
I hope this helps others and if there is anything anyone may have to offer for when i try it again let me know. I actually work as a property manager but this doesnt help on the investing side.