Forum Replies Created
just wanna show my avatar here.
Kind regards
Jet Dollars
[Retire Young, Retire Riches] [strum]I still haven’t done the depreciation schedule for 2 of my IPs. I tried to do it by 30 of June to no successful.
Oh well, I just have to do it slowly now…
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Jet Dollars
[Retire Young, Retire Riches] [strum]Because without Financial Freedom you will stuck here doing things you don’t want to do.
If I am financially free now I won’t be here learning, but rather relaxing on the beach of my choose, doing what I like, when I want, with whom I love.
Financial Freedom = Freedom
Kind regards
Jet Dollars
[Retire Young, Retire Riches] [strum]See u guys there. You will a big dollar ($) sign sticking to my forhead…lol
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Jet Dollars
[Retire Young, Retire Riches] [strum]A new nicotine replacement is called Microtab by Nicorette. I am using it right now. It’s much better than gum and lozenge lollies…
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Jet Dollars
[Retire Young, Retire Riches] [strum]Originally posted by Jaffasoft:Can I have his old tent? Since he’s upgrading to a more luxury liner (you’ll be stuck up now SIS with a poshe tent [happy3]).
Mine got snapped [weird] in half from the witched rains we had the other day!
You can’t have the old one because he is renting to me now. When I am ready to upgrade to tree house then you can have it if SIS approve.
Kind regards
Jet Dollars
[Retire Young, Retire Riches] [strum]Originally posted by yack:Not bad when you consider only $1k cash was invested as the equity from other properties was used to purchase. (Gotta be better than shares). It was a speculative purchase, as there was no deposit saved prior to purchase.
Now I am cashed up ready for better opportunities. Portfolio is now positive. I will sit tight for next 6-12 months.
‘I am trading options and made $39k just last week alone. I think shares (options) is better….J.J.’….Just Kidding Mate.
Great to hear some success story. I got nothing to add here at this stage. Hope will have something to show in the near future…
STUDY, STUDY, STUDY
DO, DO, DO
TEACH, TEACH, TEACHKind regards
Jet Dollars
[Retire Young, Retire Riches] [strum]Originally posted by The Mortgage Adviser:Maybe I should get a $600 bonus for smoking!!!!
Keep dreaming…[juggle]
Pay tax? who care…. if you don’t pay tax then Australia will become third world country. I don’t want to escape to another country. Three is enough for me.
Kind regards
Jet Dollars
[Retire Young, Retire Riches] [strum]Originally posted by d_dry:G’day, Thank you both for the replies, I think the main obstacle that i am trying to say is how do you obtain a positive cash flow property, even looking at the +CF caculator, it doesn’t seem as though you can create positive gearing realistically, as the (rent)-(loan repayments)-(yearly expenses)=negative gearing, property prices are just so high, i find it hard to grasp how a property can put money in your pocket! A property bought for 56,000 with the rent at 140 gives you less than 2 bucks a week, and the problem is house aren’t at 56K but are over 100K[eh]!!!
Cheers,
DamienI don’t know how you work it out to get $2pw +CF for $56k renting at $140pw unless you borrow more than you need.
?
Kind regards
Jet Dollars
[Retire Young, Retire Riches] [strum]SIS is my neighbour. His tent will be upgrade soon…lol
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Jet Dollars
[Retire Young, Retire Rich] [strum]tax should be calculate base on income – deduction. In your calculation it should be base on your $780.
Kind regards
Jet Dollars
[Retire Young, Retire Rich] [strum]Originally posted by Monopoly:For the same reason, as a tax payer, I have to pay for people who CHOOSE to smoke, or drink or gamble, or tell their bosses where to go and get sacked!!!!
Fair enough???
When did you pay for me who choose to smoke? If you can tell me then I will pay you back. 100% money back guarantee.
I don’t think what you said is fair. Re-read what you wrote til you get it.
Kind regards
Jet Dollars
[Retire Young, Retire Rich] [strum]Originally posted by yack:Why dont you get it JetDollars? We got it! Is it supposed to be means tested or not?
We just get our family tax benefit with our annual tax return.
It means tested, you got to earn $83k or less to get it.
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Jet Dollars
[Retire Young, Retire Rich] [strum]I got a 2 years old daughter, and I don’t get it. This government suck…..
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Jet Dollars
[Retire Young, Retire Rich] [strum]If AJ switch to Rugby then I just have to learn new things ie. to watch and learn rugby, but now I have to defer it.
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Jet Dollars
[Retire Young, Retire Rich] [strum]Better luck next time, Rugbyfan.
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Jet Dollars
[Retire Young, Retire Rich] [strum]Since start quitting I haven’t completely ciggies free, but I managed to cut it down to at least 50% everyday. Someday I don’t smoke at all which is quite an achivement for me. It’s quite hard, but anything that you try to give up on will be hard. So I will try my best to quit eventhoughly.
Thanks guys/gals for your support.
Kind regards
Jet Dollars
[Retire Young, Retire Rich] [strum]Originally posted by Miss Curiosity:But dosent the positive gearing method mean that the tax advantages are out the window?
If you want the tax advantages then you should look for Positive Cashflow Property which provide tax advantages as well as income.
The property that you should look for are those that make a loss on paper before tax and positive cashflow after tax due to high building depreciation write-off.
Kind regards
Jet Dollars
[Retire Young, Retire Rich] [strum]I want to be a serious investor and hope already am. If I buy more in the near future I feel that I will over committed so I stop at this stage and assess my situation and making new plan.
Kind regards
Jet Dollars
[Retire Young, Retire Rich] [strum]Time has come. Quitting process has begin. Base on Silkquit I just saved $0.01 to this second. I will update my progress here.
Kind regards
Jet Dollars
[Retire Young, Retire Rich] [strum]
