Forum Replies Created
You made some good points Rob. Also Steve,I thought your inclusion of keeping an ongoing monitored budget (allowing 10% for the unexpected) was an important point.
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
I’d like to add to this as I have been on work cover for a few months due to ‘a work place injury’. My payments reflect what I have been earning and I intend to return to my job when my doctor deems me fit to return. My pay (fortnightly) has been consistent with what I was earning prior to going on work cover. With the intention of going back once I’m off work cover, does this mean that lenders won’t even look at me currently, if I wanted to purchase a property now? I’d appreciate the advice of mortgage brokers/peoples similar experiences. Many thanks!
Kind regards,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Cheers Brent,
I often re edit my posts after I have submitted them due to spelling mistakes. Looks like I’ll bump into you next at Readings under the ‘Thesaurus section!’
Cheers mate,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
Hi Dr.X,
This is only my personal values on having a TV. I personally don’t own one, but I do have access to one if I wish to watch an SBS/ABC doco. As I’ve stated in one other previous post, I mentioned ‘watching commercial TV is akin to brushing black paint over your eye balls. It doesn’t teach you to think for yourselves.’I also don’t know how people can find the time to watch TV? This post also relates to your previous one actually. A couple I know view me as ‘time selfish’ because I choose to spend my time allocated to property/investing, reading, Indy cinema, etc.(and perhaps they are right?) Sometimes I’m guilty of not wanting to go around to see them, because it invariably ends up with the 3 of us having to remain quiet because they are focused on the TV. There’s no real communication between us occuring. When I once questioned why they choose to watch so much TV at the end of the day (as they are struggling financially) they told me it’s there way of ‘unwinding’. I realise I was being obnoxious, but suggested why not read a book (Wilde, Shakespeare, “Kiyosaki”, whatever?) or go see a movie, Indy documentary/film, etc? In other words I was perhaps rudely suggesting that they can choose to become more of an actor in life, rather than being a (passive) ‘reactor’ in life by living vicariously via the TV.
I’m also in agreeance as to TV’s negative aspects on children. However one thing I wish to mention is from hindsight. When I was 16 at school I went out with this (might I add gorgeous!) girlfriend. Her parents wouldn’t allow having a TV in their home (fairly progressive thinking upon her parent’s part for the time!). One thing I did pick up on though, was that many of our peer cultural conversations/jokes at school related from the medium of TV. As a result, my girlfriend often felt a little left out from her peers and slightly ‘socially isolated’ from our peer group ‘at the time.’ Ironically, I could imagine those very ‘peers today’ are IMHO the ones who are truly ‘socially’ isolated! Perhaps her parent’s wisdom in the long run, offset any social peer distance that she may have felt as an adolescent. Perhaps the answer may be in institutionalising the use TV in the house hold. I also realise that this may be a lot easier in theory than in practise. I guess it’s up to us as responsible adults, to try and find a sensible balance.As Othello said in Shakespeare;
‘It makes us, or it mars us, think on that.’Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
Hi Coops,
I’d love to submit my rental application for your 3 bedroom, double garage house for ‘$140 per week!’ Do you mind if I hold the lease in my name and rent the other 2 rooms out to a couple of friends?
Regards,
Gatsby! (‘bilingual dyslexic’- I can’t sequence words in ‘2’ different languages!)“Sometimes the hardest thing to do in life is often the best thing to do.”
Dr.X,
Great post BTW! I guess I’m fortunate really as I only get this problem very rarely (after all I started out with nothing and I still have most of it left!). But I do think these judgmental people border on the point of being rude. I mean what reply do some people expect? “Ok, I’ll swap property investing with what’s behind door number one?”
I mean, imagine if you’re at a party. The worst thing in the world is when someone says to you ‘what do you do for a living?’ If you’re a comedian (for eg) the next thing they ask you is ‘Cool! Tell me a joke.’ (Pretty unfair on their behalf don’t you think?). I mean, if I went to a party and someone told me they were an accountant, I wouldn’t reply with ‘Cool, can you do my tax?’
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
Hi RTC,
I know this doesn’t answer your question directly.
However, in an indirect reply, do you have other equity in the form of a sizeable amount of superannuation, etc for example that could be used in your favour?
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
There used to be an old saying,
‘Never mention religion and politics.’ Today I think it more apt to change that to,
‘Never mention property and politics.’
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
I would recommend seeing Dale Gatherum Goss who is in Kilsyth. I don’t use him as my accountant, however I went to see him last year about asset protection and found him very informative and helpful. I think your first appointment is free (as mine was last year, however this may have changed?).
Good luck!
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Like Simon suggested, put it on the market somehow. The only way of finding out what something is worth is when someone is prepared to buy it (ie the market)
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
I would have thought that the local council would be a way of finding previous sales data?
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Hi Allan,
my sympathies and prayers go out to you with the enormous pain and stress you must be going through now. I don’t know what to say in regards to any legal advice but can only empathise with you in your pain. Three weeks ago I lost my brother in law who was like my own brother. He was financially very successful and took his own life. This caused a lot of anger, guilt and loss to a lot of his family and friends (ie he lost probably over $100,000 to people who bled him dry up until he suicided and then they literally left him for dead). I realise this isn’t exactly the same as what you are going through and possibly not what you want to hear at this point in time. All I can say is that I pray for you to find the strength for what you are going through to know you are not alone, no matter how hard things may seem.
Kind regards,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Hi jaja,
I attended the PPPW seminar yesterday. It was truly a ‘hands on’ seminar in every sense of the word. What I took away from the day was how investors, or those looking at investing can become better armed with simple, but often overlooked steps when buying, from not only the buyer’s needs, but also from the needs of the vendor. Steve gave a great example by simply demonstrating what to ask (and more importantly, why) when making that first phone call after viewing an advertised property. Steve ‘literally’ demonstrated why one shouldn’t be put off, even when the agent doesn’t answer the phone! Other main themes that were explained covered why crunching the numbers is so paramount, why people can’t ‘seem’ to find deals and why. What I personally found interesting was looking at successful property negotiating not just from the vendor’s point of view, but even more astonishingly from the banks, when understanding why approved finance is not always what it appears to be?
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
Obiwan,
I am afraid I agree with you. I know it’s been my choice (re:degrees) but I’m more qualified than my managers are and I don’t wish to become a manager in my field due to the politics and I still won’t be able to apply what I learned. I think the thing about Uni education is that the real benefit is that it teaches you to think lateraly in life. I think any benefit I’ve gained from Uni has been ‘outside of employment’ more than anything.
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Collie,
Congratualtions!!!!
Feel proud of what you have achieved!
Regards,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
Hi RichLee,
Simon and TMA points are very valid. Personally for me though, my comfort zone for investing wouldn’t be in investing O/S, although many people have made great returns in doing so (eg. NZ, US, etc). If I was buying interstate my personal choice would be to still fly there and double check on my due dilligence.
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
My plan is to recruit a platoon of mercenary ‘Army Ants’, have them disguised as ‘rice’ and rob a chain of Chinese restaurants!!.
Then I’m going to make a low budget independent movie about the escapade and entitle it,……….”RESERVOIR ANTS!”
Cheers,
Mr Gatsby!
(or is it Mr Pink, or Mr Brown?)“Sometimes the hardest thing to do in life is often the best thing to do.”
Hi Patrick,
for a comprehensive, full, wound up review for all of today’s current property/economic climate, feel free to pm me. Now it’s back over to Rob and Dmichie for tonight’s weather.
Cheers,
Gatsby.“Sometimes the hardest thing to do in life is often the best thing to do.”
Calvin,
I may have to meet you sooner than you think! This other torch doesn’t come with batteries either!! Hang on while I find the light switch………….THUMP!
Gatsby! (OUCH!!!!!)“Sometimes the hardest thing to do in life is often the best thing to do.”
Yeah, but it didn’t stop me going back to buy another torch?
Gatsby?“Sometimes the hardest thing to do in life is often the best thing to do.”
