hehe- yeah, we’re all so noble. [biggrin] Why is it today that I feel like it’s all about the moolah? But to make money from something one loves, is a good thing! I doubt I’d do it if I didn’t make money from it- I love cars too, but I only have one, because they are such a dud investment.

Hey Gats- when are you coming to sydney?

kay henry

sis,

Unfortunately, my experience in what you’ve stated is different. I am in the educational field, and have seen many students do a TAFe course, in Business, for example, get advanced standing/exemptions for 1 year of uni, then go to uni and fail all their second year subjects- because Accounting (for example) is taught at a very different…[Read more]

techhowse,

Most major newspapers havbe had and continue to have special PAYG Taxation sections at the moment because it’s almost tax time. Check out the money section in newspapers over the past few weeks and look up “maximise tax deductions” in google.com There’s heaps of stuff written at the moment.

It shouldn’t matter whether your accountant…[Read more]

Heya Patrick- welcome here and thanks

kay henry

Rob said:

“In any case, parents tend to earn less as they start to approach retirement age. Your mother should be winding down and relaxing more…”

Rob, the lad is only 20- his mum might be not yet 40 (I’m 39) Don’t write her off as as a retiree yet! 40 is the new 30, after all.

Loungeact, I have no knowledge of the legality, but perhaps had…[Read more]

resi,

I pasted a couple of links in the WB thread elsewhere if ya wanna take a look at a couple of (old) articles about his seminars.

kay henry

Yep, along with others, I have a love of property- an inherited love of it (not inherited money from property- just an inherited love of property).

I also really enjoy economics, and I am a bit of a compulsive reader about demographics and trends. All in all, property interests me- academically, and practically. Also, because I am committed to…[Read more]

bartap,

It might be better if you identify yourself a bit more. On here, most people are anonymous, but a reporter for the WSJ is a big call, so people might want to know you are who you say you are, before they give you their time.

So, who are ya? Here’s a deal for you: you tell, and I’ll google [biggrin]

kay henry

Wayne,

I’ve been interested in Greenspan’s thoughts on IO loans, and the commentary following his words. Apparently, IO loans are relatively new to the USA, and in the past, people used to go for certain equity (pay the loan down),rather than gambling on future equity (IO loan with hopeful capital gain).

I know that IO loans in Australia have…[Read more]

as41,

Congrats on your purchase! I reckon you’re in a good situation. You could give the FHOG back, enjoy your new rent-free home on the farm, and you now have excellent tenants on your place- which can now be your deductible IP. Would you also have to give back some stamp duty exemption for FHB’s?

Not a bad dilemma

kay henry

abugslife,

If reading about the state of the market depresses you, then don’t read it. People were happy to read about the boom and how their IP’s were doubling, but seem to not want a reality check in 2005- go figure.

As for me, I am happy to read everything I can get my hands on about markets and economics- I like keeping abreast of what’s…[Read more]

Sorry Dazzling- the last property I bought was about 14 months ago and I’m currently paying the debt down. I can, however, tell you some yarns about the office if you like [biggrin]

kay henry

I don’t htink foundation, or anyone else needs to document their “successes” to be able to analyse economics and discuss the state of the market- I for one, appreciate the ongoing perspectives.

Just a thought on properties doubling… perhaps an exit plan might be to SELL when a property doubles from purchase price (or increases by 60% or 120% or…[Read more]

Grreg,

Bummer that the landlord didn’t have the manners to inform you him or herself, without the builder telling you about it- no wonder landlords have a bad name [angry2] I would have thought the landlord might have spoken to you and made you an offer of reduced rent and a conciliatory discussion to empathise with your situation.

One thought…[Read more]

This looks like an ad to me- like most of Red’s posts. Mods?

kay henry

A piece of string must be at least 4 inches long- or it’s a piece of thread.

kay henry

Colin said:

“Most of my working life I have worked over 80 hrs a week and often over 100 hrs.
Today I consider myself a very small success.
I will not waste any resources I have especially the most valuable one time.”

Colin- I kind of consider working for 100 hours a week to be an … umm… waste of time. Whatever happened to a work/life…[Read more]

Interesting article on bankrupts in a recent SMH:

http://smh.com.au/news/Business/ASIC-sniffs-out-bankrupts-who-keep-at-the-books/2005/05/09/1115584909522.html

kay henry

Your parents own their own house- good for them- there’s a lot of older people who do not own their own homes. I bet they worked hard to get to that situation.

I know you want advice, Jack- but here’s some advice for your parents- Mr and Mrs Hu: “Get yourselves a good lawyer!”

kay henry

Calm down, bruham- no need to be so personal.

kay henry