“And one of the symptoms of cult membership is a refusal to acknowledge that what you are involved with may be considered a cult.”
hehe. So if I say I am not in a cult, that merans I am in a cult? So all I have to say is that I am in a cult, and then I would not be in a cult, right? Sorry, that kind of logic is like witch burnings. If…[Read more]
I was given a free ticket from a PI.com forum member, but discovered the seminar was *absolutely* not for me (I then gave the ticket to another forum member who enjoyed it more than I did. I did try to enjoy it… Upshot was I neither laughed nor cried, but just wanted to hear some info. I found all of the dancing people in matching tshirts to be…[Read more]
I am not a believer in sharing of finances. Every risk I take and buck I spend is MY worry, MY concern, MY loss, or MY profit. I don’t think a partner should be convinced or cajoled into investing with another.
I think you can invest your own money into your adventures and ventures. If you make money, then you can have time and money…[Read more]
Whilst I see where you’re coming from, I also think one is better off taking a little time and learning all one can about, for example, real estate, before jumping in and making too many mistakes. So, let’s look at it this way… your averasge person may be better off buying two properties over two years- but purchasing really well, than…[Read more]
I think you’re in a pretty good position, although you sound like it’s a bit tiring for you- and no wonder. Investing, working and raising 4 kids can be pretty tiring, no doubt.
You have $1 million assets, and 300k debt, so you have 700k equity- pretty good position to be in, I think. Your biggest assrt is your PPOR, but if you want money…[Read more]
It sounds like there were many holes in this purchase. The first thing you could have done was checkc who was tenanting the place and what date they would be vacating. It seems as if your lawyer was not communicating with their lawyer. Your lawyer sounds pretty slack. Thing is though, your lawyer is there to advise you, but you signed the…[Read more]
I think the point is that some people have to work. It wqould be bad if we went to the supermarket and noone worked there anymore- because they didn;t want a J-O-B and had become fulltime property investors. I guess it would be a bummer too, if we went to take our kids to school and the teachers had left ther J-O-B to invest. Some people actually…[Read more]
I usually run ideas by my family, my ex- who is also involved in property, and a couple of close friends. I like hearing the ideas of people who know me well. Those people are not merely interested in the numbers- they are also interested in *me*. If I ewanted mere affirmations, I would be able to find plenty of them- sure, why…[Read more]
Heya Gats [hair2] Funnily enough, I just read the following article, which says that 1 in 5 Aussies work 50 hours or more- to fund an increasinly consumer lifestly (and to pay for expensive mortgage costs, no doubt). Here’s the article below:
Things sound a bit tough, but not having a tenant is something we *always* risk when buying a vanilla residential property. Presumably, as others have said, just keep putting the rent down, and you’ll get a tenant- meanwhile, it’s wise to have reserves. Can you pay it off if you don’t get a tenant for a year?? It could happen.
So far as I can see, the upsell is to become an NLP practitioner/instructor etc. It’s a free weekend thing. I have tickets- dunno if I’ll go yet, but I quite like culty stuff Lots of people get hooked on NLP just as they get hooked on religion, etc. Anyone would be mad to go for the bigger upsell unless they intend to become one of those…[Read more]
One person’s conman is another person’s guru. sometimes, people are outraged at ripoffs; and at other times, people are abused for pulling down tall poppies, being negative naysayers, being jealous of another’s “success”… hehe. It all depends on which side of the guru one stands.
Thanks for the heads up, Techno, One can also read up on this…[Read more]
How do these companies “approach” people? How come I am not approached by wealth coaches as I walk along the streets? Is it because I look like this? [mad]or is it because when I see them coming, I do this? [curtain]
ahh well, at leat the company got some free advertising from this thread [gossip]
I think the thing to do would be to find out if anyone has ever done one. Gurus can market them and say how great they are, but in my reading, they are really not actualised. One can market anything, and people can even get tenants to buy into them, but how many actually come off, with the tenant actually buying the place?
” ASIC is after Jamie becoz he wont play by the rules thats all.”
Perry, people HAVE to follow the rules- laid down by the Corporations Act, the Trade Practices Act, etc etc. If you’re dealing with money and “advising” others about it, then you have to.
Anyone who blindly follows gurus is pretty gullible. I have no doubt that Henry…[Read more]