From: http://www.abc.net.au/tv/guide/netw/200403/highlights/226733.htm

Program summary

Reality Bites: Selling Success!
Brad Sugars: Building Billionaires
8:00pm Tuesday, 30 March

Success seminars have become one of the 21st century’s growth industries. Many Australians now feel that a much better life could be just a seminar away – and they are willing to pay big money to be put on the fast track to success. It is estimated that more than 250,000 Australians have attended wealth creation events alone.

Selling Success! introduces four gurus, Brad Sugars, Rick Otton, Brendan Nichols and Ian Hutchinson, each with a distinctly different system for success. As well as meeting these gurus and taking a look at the seminars, each episode follows the progress of some of the students to see how much they actually achieve in the year following the seminars.

In episode one Brad Sugars: Building Billionaires, Brad Sugars says he’s worth around $100,000,000. He lives in a very big house in Brisbane he designed himself and has $3,000,000 worth of vehicles in his nine-car garage. He is sure he will be a billionaire one day – it’s just a question of when, after all, he’s still only in his early 30s.

Attending one of Brad’s week long workshops sets participants back around $10,000. As well as looking at the usual ways to wealth – real estate, the share market and buying and selling businesses, Brad has much to say about the role of personal habits in personal success.

The event is run like a military boot camp, with Brad the absolute authority. Coffee, tea, alcohol and meat are out for the week. Even going to the toilet during a seminar session can cost participants $100. As well, students can expect just a handful of hours sleeping time over the week, as very late nights and very early mornings are standard. There’s even a volleyball competition – the winners of which can take home more than one hundred thousand dollars cash…

Production Details
A Puzzle Media production. Producer/director/writer Nigel Traill, Executive Producer for ABC TV Dasha Ross.
Subtitles
Rating:    PG 
Subject: Documentary

kay henry

Aside of her property investing method, I have to say that, the lady has 5 kids and has written 5 books and has 10 IP’s. I reckon that is some achievement!!

kay henry

Thanks for that explanation, Steve…

I think the interpretive decision suggests wrappers *will* be paying CGT.

kay henry

Seapking of OTP’s, there’s a new 1-bed unit at southbank for 199k advertised on realestate.com.au. That’s pretty cheap for a new 1-bedder, I would have thought. I was reading today that docklands will maintain values far more than southbank. I think southbank has some “social problems” (hoods in cars and fights and stuff occurring when I was in melby).

I thought that IP was interesting though. Decent bargain.

kay henry

I bought myself an IP last year for my birthday in August, and one for xmas!! [xmas]

I’d like to do the same this year. Can’t see myself messing around too much now that I’m back into it after a few years absence. My ex told me last year she wanted to buy an IP each year and I thought she was crazy. She bought 3 last year, so obviously, she isn’t! We live and learn- I learned I CAN buy an IP each year, or at least I can this year before the moolah runs out [oink]

kay henry

FALCON,

If you’re entering into a defacto relationship, you will be subject to relevant State law (Federal Law relates to married couples).

From this site:

http://www.wattsmccray.com.au/papers/best_interests_of_the_child17

While the majority of people are able to come to an agreement about the division of property upon the end of a relationship those who cannot agree will need to apply to Courts.

Property settlement from a defacto relationship

The whole process of arranging a property settlement from a defacto relationship is different to that of a marital relationship. Whether the law will apply to the relationship will depend on a number of factors: the nature of the relationship, duration of relationship, date of separation and whether any substantial financial or non-financial contributions have been made to the relationship including those made to the home and care of children. Unfortunately, any contribution as homemaker or parent will be given less weight in a defacto relationship than in a marriage.

Whilst the Family Court will consider any future needs of the parties to a marriage the defacto law does not, thus making it more difficult, particularly for partner who has the care of the children and who has made considerable time and career sacrifices to care for the children and the home.

A claim must be made to the Court within 2 years after the date of separation. The Court in which the claim is made will depend on the amount of the claim. If the claim is less than $20,000 the matter is heard in the Local Court. If the claim is less than $250,000 it is heard in the District Court. Any claim above $250,000 is heard in the Supreme Court. Defacto property matters are not heard in the Family Court.

What then is a defacto relationship? The law considers a person is in a defacto relationship if two people over the age of 18 who are not siblings or a parent or child of the other live together as a couple. This definition includes same sex couples. This will not automatically mean that the Court considers the persons are in a defacto relationship. Other relevant factors such as the length and nature of the relationship, whether the persons finances are intertwined, whether others see the persons as being in a defacto relationship and whether the relationship was intended to be permanent.

To wed … or not to wed?

As always the decision will be a personal one. No one ever thinks about the end of a relationship when they are consumed with its romantic beginnings. It is now possible for couples who are intending to get married or continue in a defacto relationship to make a binding financial agreement (commonly called a prenuptial or cohabitation agreement) detailing how they expect their financial affairs are to be treated upon the unfortunate event of the end of their relationship. If you have any queries in relation to anything mentioned in this article you should talk to an Accredited Family Lawyer.

kay henry

holdencommodore :o)

I agree with some of the comments others have made about the possibility of entering the market on an average income. It’s just not possible to do that in many cities of Australia now, and rental return in regionals/towns is *generally* higher than in cities Buying regional is a viable option post-boom.

Check your fundamentals though about population stability/decline, any industry in the area and will it remain, is it a flood area etc etc. Think about 2004- not 1999- about possibilities of capital gain. It’s a thought to find areas that are still “undervalued” as in, didn’t freak out/doubled/tripled in price over the last few years, because you’ll be pricing yourself out of the market.

Most media articles and experts (residex, commsec, REI’s etc) have expected prices to flatten somewhat. So you might really be looking to achieve max rental gain, and get your properties paid off by the tenant/tax dude, rather than expecting CG in the near future, although I am not sure the boom is over YET :o))

taz, I know the country is lovely but there’s also realities borne out by the ABS and others- people are moving to cities and out of rural areas. This has been happening for at least a decade as young people move away to find empoloyment and training opportunities. Baby oomers/retirees are more likely to move to the coast rather than a <5000 rural town. People demand services these days- particularly older people- hospitals, doctors, community centres etc.

holdencommodore, I think many regional towns (however one defines them- I’d probably think it was easily above 25,000) have far fewer CF+ since the boom. I reckon you’ll have to go to small towns to find them. Even places like geraldton have mostly fringe areas that have decent rental returns these days.

Best of luck with it!! Regional areas are great to get your foot in the door!!

kay henry