Why do accountants earn so much money?? I am just as qualified as them, albeit in another field and I only pocket $75 an hour!?!

If theres wealth management going on, its probably theirs!

This question seems like asking the Pope whether he likes what the Bible has to say..

Yea the forumla is simple, if you have less expenses than income, anything will generate a profit. VERY VERY SIMPLE STUFF!

Work out what expenses you will incur, work out what income you will generate, and then simply subtract one from the other, its not magic just commonsense ..

Ask an accountant. I believe structuring your investments to avoid loosing a support payment could be illegal, I would strongly advise seeking professional advice.

1. Ask an accountant.

2. If you wish to do something like that, you must actually distribute the funds, not just on paper. If you wish to loan the funds back to the trust, you would have to do so on a commercial basis, with a commercial interest rate. Ie you would need a loan contract between the two parties charged at market interest…[Read more]

It doesnt matter whether it fact or fallacy, the immportant thing is that it inspires you to change your way of thinking, to open up to a world of prosperity and abundance, rather than a world of limitations.

If the books change your mindset in this way, would it matter whether its fact or fiction, I think not.

Keep things in perspective people..

1. No one else can tell you what is an acceptable rate of return for you; only you can.

2. Create an investing strategy and write it down on paper. You need to detail your key investing tenets, eg goals, acceptable risk, area, exit strategy, capital growth or yield etc.

You and only you can decide these goals for yourself, and for anyone else…[Read more]

Sounds too good to be true, and what sounds to good to be true usually is. I would say BEWARE in capital letters and make sure you do your due dilligence and read the fine print.

So let me get this right, you have a broker that will lend to you to purchase shares at %95 LVR? Thats strange because most margin facilities will only lend up to %70 LVR.

Please let me know where you are sourcing such cheap funds then we will all be in for it.. are you sure you are not just using a home loan LOC to fund this purchase?

Depending on your personal circumstances, it may be advisable to purchase in a Trust. This all depends on how many properties you are going to hold, as the overhead of establishing and maintaining the trust is relatively high.

The trust will allow you to distribute income to beneficiaries as you see fit, ie to the lowest income earner to save…[Read more]

http://www.asic.gov.au/asic/asic_pub.nsf/byheadline/03-237+ASIC+obtains+undertakings+from+Henry+Kaye+and+others?openDocument

Just remember where the ‘financial advisor’ is making their profit. Most of the time they are looking to sell you a product or service, ie managed funds or some other type of ‘retail’ investment product that they will receive commission from recommending.

This is why the majority of ‘financial advisors’ will not advocate direct property…[Read more]

A fool and his money are soon partying, food for thought

PS, I believe the 11 second rule is used to not only calculate a cashflow positive property, but a cashflow positive property with a gross rental return in the viciinity of %10.4.

Obviously this assumes that the property fits into the assumptions built into the formulation of the 11 second rule..

This is worth noting as its not always just the…[Read more]

Why not just use the forumlas listed, as they work?

Scott please let me in on the secrets as well

Considering the fuss it caused in 1985, it would be political suicide for labor to promote such a policy, or even discuss it for that matter

Imagine the problems it will cause in the rental market as negatively geared investors start to drop out of the market in a big hurry. It could cause a large drop in prices just like what happened in the…[Read more]

Decent excuse anyhow..

PS, how certain are you that someone would even buy it at anything other than a fire sale?

The debts are just good old consumer credit and have not been used to purchase usefull assets.

I also have 2 car leases which are payed for with pre-tax income as part of my salary package.

I earn reasonable money as a software developer, and could potentially save $25,000 in 6 months if I really tried.

I’m a little worried about investing into…[Read more]