Thank you, L.A. Aussie,

For staying on topic.

There is no doubt that kids coming out of school have no idea of the differences between an asset and a liability. Have no idea of the value of money. Have no idea how to avoid the debt trap (Having said that my daughter seems to have a great nack for not spending her own money and concentrating on…[Read more]

A few people mentioning Financial Literacy here; okay, so how do we get it? Is it something we just pick up as we go – the school of hard knocks? Or is it something that can be learned from a book?

What do you think the required knowledge – the roots of our mighty oak trees – we should be passing to the next generation is?

I’ll start:
1. The…[Read more]

Tiling over tiles will only work if the original tiles are sound. If the paint is peeling then tiling over the top may not be your best option.

If you have the time/inclination you could strip them off and give it a go yourself. Tiling isn’t that hard.

My wife painted some bathroom tiles white once and seems to remember the job was tedious and…[Read more]

Pretty heated reply there, Mini, but that’s okay I don’t mind being called names.

You make some good points and if you can make money from property in Tok good luck to you. I wouldn’t got there myself, that’s all.

Dave

This is pretty good but doesn’t show streets in smaller towns (just the town).

http://www.wises.co.nz/

Cheers,
Dave

Hello people,

It’s great to see so many of you Aussies falling in love with New Zealand. We know you’ve always wanted us and now you know too

Tok has always been at the lower socio-economic end of the scale. There’s just nothing there that’d take you there. Sure, the gang problems are gradually fading (this is true for all the ar…[Read more]

Using Tax as a form of compulsory savings is not a good idea; the Tax department doesn’t pay interest.

I think georgisj’s idea of using the money in an offset account is a better idea.

I remember someone else here saying that a give away for illegal extensions/garages/sheds etc is the gutter system.

If they’re not plumbed in they’re almost certainly illegal.

Sorry to whoever said that first.
Dave

There is one as part of the Due Diligence pack available for sale from this web site ( https://www.propertyinvesting.com/buyerbeware ). I received the pack a few days ago and I thought it was very well produced and if using the templates gets you out of a jam then well worth the money. 2 CD’s and a booklet.

I would just send the form to you but…[Read more]

Computer training in Sydney runs at an average of $600 per day and it’s generally accepted (in the circles I mix in, anyway) that if you pick up even one or two new things it’s been a pretty good course.

Given that training yourself to keep working for someone else isn’t ever really going to make you rich $1000 doesn’t seem too bad at…[Read more]

…I know that woman!

I got the impression from Steve’s book that he was fairly agressive in his buying and selling of properties. Again, my impression, it didn’t sound like he held for very long – mind you he’s only been doing the PI stuff for a few years himself!

I thought a lot of times he saw an opportunity, realised a profit then used that…[Read more]

Okay, thanks Elves.

That’s a load off.

Dave

Comsec offers a ‘Protected Portfolio Loan’ which allows you to borrow a whopping 100% of the value of a share parcel. It has other interesting bits like – and I’m quoting here – “you keep all of the capital gains but are not responsible for any losses”.

Sounds too good to be true?
http://www.comsec.com.au/Baseframeset.asp?b=SiteMessaging&iSeq=445

Hey Julia,

Thanks for that. My mail note to you was just rejected [] but I’d love a copy of the booklet if the offer’s still going.

Please either email it to [email protected] or post it to
PO Box N227
Grosvenor Place
Sydney NSW 1220

Which ever is more convenient for you is good for me.

Thanks again,
Dave

“Keep going, you’ve nearly reached your financial freedom”

Better.

Chan,

I preferred the ‘Tone’ of the first tag-line. Sure, the grammar wasn’t 100% but it had a nice, encouraging feel to it – I could feel you urging me on. “Keep going, your goal is just in front of you!” sort of thing.

The one you use now is better grammatically but lacks the urgency; that is, it’s a bit airy-fairy. “You’re on your way (you…[Read more]

SIS is only 21?! Wow! When I was 21 I couldn’t even dress myself!

For my part I’d like to thank SIS for candidly answering a question that was posed to him. I believe SIS answered in good faith and I have learned a lot from his replies. How I use that information is now up to me.

Tax is generally a sensitive issue for most people and you…[Read more]

Thanks to everyone for replying.

I suppose I’ve got a strong ‘Sam and Eric’ streak in me so questions like this one help me to get my head around the sort of information I should be gathering before moving.

Thank you Devo in particular for your reply and reinforcing a few points (and all the great music of course).

Call me dvane, call me Dave,…[Read more]

Well I must say, for me (a newbie), this has been a fascinating discussion and thanks to everyone for opening my eyes a little wider.

One question: how on earth do you claim alcohol as a tax deduction?? What’s the next logical step? Hookers? [?]

Dave

Hey James,

The only due diligence templates I’ve found on the site (and I’ve been looking for them too!) are the ones that you can purchase from:
https://www.propertyinvesting.com/buyerbeware

They are currently on back order, though.

Dave