gee Usana – I wonder which company you are involved with… hehe.

Yep= way to lose friends and influence noone- see all as your potential downline- and those who say no are losers… The question is- do you want to come out of this “business venture” with any friends left at all?

I think MLM is about 30 years too late- noone falls for it…[Read more]

aussie,

It’s usually older properties that are CF+. Try finding an 80k new house with 160 bucks rent a week. If you can do that, then buy it. I don’t see any new houses around that are CF+, but if you do- then I’d say go for it

kay henry

The richest person I know has never ever mentioned money- she didn’t need to. She also spoke 5 languages, read a book every day, found an important gene as a molecular biologist (at the age of 24) and is now a Diplomat. I suppose she must be pitied for having a job- small poppy that she is.

I love this quote, Dr X:

“…or you know in my…[Read more]

dev,

I’m not a fan of the doorknocking approach- I reckon it just leads to disappointment- I’ve never met anyone who got a job in 2005 by walking business door to business door- sorry, crest- perhaps your experience is different. Same with just contacting one of the job broker companies- waste of time, in my opinion. when I say these approaches…[Read more]

Shawn- yes, indeedy! I reckon it’s still got a few more hundred k’s left it in yet- it’s only on 420,000 now- it’s still got the grunt (I think the orange colour makes it go longer). This is how i look when I’m driving it (it has a steering problem):

[thumbsupanim]

kay henry

voig,

I reckon keep the toys that make you happy, keep paying down the debts for them- that’ll keep you disciplined; and keep doing the savings that make you keep your feet on the ground.

Sell off the toys when and if you have to- if it all becomes overwhelming. 25k debt is not an extraordinary amount- it’s really about the cost of an average…[Read more]

pasandbec,

A second job will not be taxed at a higher level if your first job is poorly paid. All work is taxed at income levels- not on how many jobs you have. Add the incomes of both jobs together and then go to the ato.gov.au website to see what is the appropriate amount for you to be taxed at.

Yasmina, having a second job would NOT impact…[Read more]

redwing,

Thanks for the link- how do you find such stuff- it’s gold! [cap]

In Australia, one can’t use the term “University” unless it’s accredited. I always cringe when I see spruikers overseas call their seminars “Universities”. I also cringe when I see gurus here call their courses “Masters” courses. Graduation from any old thing is too easy…[Read more]

Amused- 180k in 1999, for a 1/2 b’room unit with ocean views, which is then sold for 189k in 2004. What’s the point here? Overpriced when first bought? Underpriced when last sold?

Really, we all have autonomy when making choices, and there is so much oversupply now, one can pretty much choose one’s own price. Perhaps the owner should have sold…[Read more]

Actually, pete, I think that many property investors are VERY anti-education- as in formal education. Many people in property forums adopt the Kiyosaki line that formal education is a waste of time- Jamie McIntyre has even made a video about it. If Kiyosaki had his way, children would only attend pre-school to sell each other counting…[Read more]

I also think it is about the kind of work one obtains. For example, what amount per hour one earns. Obvoiusly, one is going to have to work twice as hard (or as long) to get the same amount of income if one is earning $15 an hour : $30 an hour. I think a lot of people “fall into” a job without thinking about conditions and returns. Australians are…[Read more]

Chris (nice topic btw) and Eric

I hear what you’re saying, but there’s an alternative view. I think one can not have investments and live pretty well, or one can have investments and live pretty poorly, with the plan of living well in say, 10, 15 or 20 years. I think it’s a balance. In my workplace, about half the staff have investment…[Read more]

k3,

I wouldn’t be waiting for prices to return to pre-boom level- I am not sure that is going to happen.

By the way, equity IS net worth.

kay henry

For Aussies thinking of investing in NZ, or wondering about the current market, there’s a good article by Terry Ryder in this month’s (July’s) Australian Property Investing magazine.

kay henry

jspri,

I think one can do many things in life- work, study, buy property- in fact, I think they all go together. I have worked throughout my study, studied throughout my work, and see property as a means to an end. I can’t imagine not working, and will probably continue to study at some point- my history has tended to be study every 5 years- in…[Read more]

gafama- just a note on what you’ve said about never selling, a la:

“Firstly – I try to never sell for a couple of reasons. Every time you sell you deplete your asset base by
1. The costs of the sale (i.e. agent’s commissions, legals, etc)
2. The stamp duty to buy back into the market.
3. Any CGT or other taxes.”
________________

I think one neds…[Read more]

Originally posted by Liz2005:
and later,before settlement, put in my husbands name if that is the only way the bank will finance it

Liz2005

Are you sure this is legal, Liz? If your husband is going to be financed, then surely he is the purchaser. If the banks won’t let you be owner, then let him sign.

As for the “nominee” thing, I agree with…[Read more]

Here’s a great article…

http://www.thinkfn.com/artigo.php?id=107

If it walks like a ponzi, and quacks like a ponzi…

http://www.ssb.state.tx.us/press/pr6-6-05.html
______________

05-60 Is ‘PIPS’ (People in Profit System) a Pie in the Sky?

Thursday 17 March 2005

In recent weeks, the Australian Securities and Investments Commission (ASIC)…[Read more]

Godda love travis morien )

kay henry

sparky- if you go to ato.gov.au you will find all the tax rates for this year, last year, and future years. Just go to the “individual” page for the rates and specific amounts.

Remember, you only pay te % tax on amounts earned over certain $$- not on all of it. Just go the the ATO site and it will explain.

Keep all your receipts for…[Read more]