"The key consideration in determining the in which an individual savings account is handled in a divorce case is when and how the money in the account was obtained. If the money in the account consists of wages earned by the spouse who opened the account during the course of the marriage, this money is considered marital property and is subject to division. However, if one of the spouses brought the money into the marriage and placed it in a segregated, individual account, the cash is not likely considered a marital asset and will be set aside for the spouse who earned the money before the start of the marriage."

Livestrong.com

Haha…

Thanks for the elaboration Engelo, and good on you for stepping out of your comfort zone to venture into another continent

Please keep us updated on how you progress with your adventure

Thanks for sharing your words of wisdom

Here is an audio file that Steve shared with us a few months ago:

The Strangest Secret, Earl Nightingale

I believe Silver is better than other traded commodities because of its unique properties that make it hard to substitute:

• Most reflective metal
• Greatest conductor of heat and electricity
• Strongly resists corrosion and oxidation
• Second most malleable and ductile metal
• Recently found to be an effective anti-microbial

These characteristics make Silver very difficult to substitute, and means Silver does not have the self correcting mechanism that other commodities have

Various sources seem to suggest that the amount of above ground available Silver is lower than Gold, due to industrial consumption of Silver and hoarding of gold over the past few decades.

Back in the 1950s there was 10 billion ounces of above ground available Silver and 1 billion ounces of gold, whereas today it is estimated there is less than 0.5 billion ounces of above ground available Silver, and over 7 billion ounces of gold

Next to Oil, silver is the most widely used commodity and has more than 10,000 uses, with more uses being discovered as technology advances. It is used in computers, cell phones, satellites, high tech weaponry, solar cells, jewelry, medicine, clothing, water purification etc… Demand for Silver for Solar energy is likely to increase drastically over the next decade.

Agree with you there. Although Silver could be on the verge of breaking out of the 200 day moving average, and resuming its bull run, the optimal time to have bought was about a month or two ago at the $26-$28 price range.

Good advice.

I strongly believe that physical metals should be a core component of any well balanced portfolio, and investors should consider holding at least 5-10% into Gold and Silver

Hi Possumpal,

What is your annual passive income goal, and how long before you are 40 years of age?

From what you've stated it seems that you still have plenty of time left, and a fair bit of equity to play around with

Finished school in 2003 at 18 years of age?  Now 27 years of age? With $200,000 equity? And 13 years left?

Seems like a pretty good position to be in

Have you considered setting up a business in a field you are passionate about?

My last preceptor mentioned that starting up his own business was one of the best decisions he has ever made, and he is getting +30% ROI

Imagine what your $200,000 would look like in 13 years if you could get those kind of returns (or even a fraction of those returns)

$200,000 x 1.3^13 = $6,057,502.132!

A more efficient way of opening up a new window is to hold onto 'CRTL' and the left click on the link you want to go to

For those just starting out, opening a 'First Home Saver Account' may be a good option to save up some money for their first home.

One of the best benefits of opening up a FHSA is the 17% Government contribution… i.e. if you contribute $5,000 (About $100/week) into the account for the financial year, the government will contribute $850 into the account

To find out more click here

Katrina Maes Sells a course on How to Stage a Property and sell your property faster and for more

Might be well worth the investment considering the costs (E.g. Marketing, Interest on loan) involved for having your property sit on the market for long periods of time

Sounds awesome Terry!

Can't wait to be able to sign up to your newsletter

Wow

Your daughter is quite talented for a 12yr old

You must be quite proud of her