It could be but nonetheless it’s a good topic. It’s important to discuss supplements that can help us keep on top of our game. Property investing is not that easy.
I personally have been taking garlic pills for the last 3 years and since then haven’t gotten a cold or flue. Must be doing something.
Andrew
that’s awesome… there are people out there that get sick all the time so you’re doing well… i’m guessing like someone else posted that you also eat well and possibly live a fairly active life… supplements alone won’t keep you healthy :)
what about brain boosting supplements and nootropics or even stress relief supplements? do any of you use such things to be more productive or anything like that? i’ve heard of people using narcolepsy drugs as nootropics to be more productive… although i imagine natural supplements would be a better option if you are going to go down that route?
fWord – thanks for the great tips… I get paid on the 15th with my first pay check and have already drawn up a budget, opened a savings account, and am ready to roll will be back here to ask more questions and share my progress… oh and started a “to read” list!
mattsta – not sure exactly what my credit file looks like, so am ordering one when I get paid on the 15th… then the broker will let me know what’s going on… i managed to open an electricity account an account with telstra for cable internet… so hope that helps
Danny F – tomorrow is the end of my first week back at work and loving it… so should have the stable income covered as I don’t plan to leave that job anytime soon… it’s great to see so much support and feedback from the community here that if I didn’t save and invest i’d feel like i’m letting you all down! now just myself
lawsjs – i have never invested in property before let alone anywhere, so i thought a syndicated approach would be ideal for me to get my toes wet into investing… especially in overseas residential property… i like this idea, and if the returns are more than the bank then why not
Nigel – OK… so the email I received was from Dusko Ruzic This could be the man behind it all?
The response I got back is below…
There is no membership fee. $500 is the minimum initial investment in each property. We will be updating the website shortly with a demo video that will give you an introduction of how our online platform can help you invest in the US.
A brief typical scenario is below:
1. Once you open an account and deposit at least $500. You are able to allocate that accross properties that we have available in the US in a number of different states.
2. Your initial investment (e.g. $500) is pooled with other investors from around Australia. When the property is 100% financed, it is purchased and put on the market to be rented out.
3. You will receive a rental return in direct proportion to your investment (e.g. if you $500 represents 5% percentage share, you will receive 5% of the rent) each month.
4. Once the property is sold, you will receive a share of the profit. (e.g. if the property value doubles in 2 years, your investment would double)
Jamie M and Eddy123 – thanks for the tip, i will get in touch with James as recommended I just received my new phone in the post today… cost me bugger all and looks real nice and works real nice… now just need top up and start calling all the right people
id love to subscribe to their service but a little out of my price range, i attended webinar, was really time saving if you are purchasing very frequently..
well if we have enough people who want it… we could do a group buy and share the login details ??
JacM – nice point, i will be saving half, and investing half… so that i am always moving forward… i decided my first $500 investment will be a PAMM forex account… the other half will be in my high interest savings account
Qlds007 – thanks, it sounds like you know what you’re talking about and i will email you as soon as I get my veda report which i will be ordering this week… by the way… by the way, know of any good accounts in Melbourne?
Cintaku – you make a lot of sense and i had to re-read it a few times to make sure i understood properly… and in terms of looking at numbers, it took me a while but now I see why percentages are so important, so from here on in I will make sure I calculate profit and losses and everything else that can be quantified in a percentage… I’d probably have a better idea of where things are going right or wrong
NHG – we all make mistakes… some people say it’s the only way we learn… i think it’s just one way lol… financial stability backed by wealth and time freedom are my goals at this present time… but before that it is to systematically start saving a portion of my income… i should start getting my pay cheque mid next month and have already set my budget (now just need to follow it)!
blairedavis – thank you for pointing that article out… i will be saving and investing at the same time.
Razz – wow so for a $200,000 property I need at least $30,000 to get in the game… now I see why there are many advocates on the forum encouraging me to not only save, but invest as well… I have started looking into property investment strategies and it seems there is a way to combine vendor financed and positive cashflow properties to get in the game with no money down… back to the books i go
crusty – thanks for that advice… i just hear that many people go to the investors club… but after the responses I am getting here and the support… i feel that this forum will probably become my “club” when dealing with property investments.
Karen and June – i was actually referencing a particular property investment club that helps people acquire investment properties… but what you have mentioned definitely sounds like a good idea.
peiranyu – that’s encouraging news and i have already started my progress by getting a job that I start training for tomorrow… it is commission only sales position for “Aussie Farmers Direct”… so time to roll those sleeves up and get going forward.
NHG – so continuing from my comment above… if i start by putting 20% of my weekly income into my etrade account and then invest $1,000 at a time… that would be a good place to start? i did have some success and failures with small cap stocks… would you recommend that since I literally have nothing to lose and everything to gain to get back into small cap stocks? or blue chips? or something all together different? and how easy is it to use those investments to get more money to invest into further investments such as property? if i was to get back into shares I would probably buy a subscription to one of their newsletters and follow their advice whilst also conducting my own due diligence… some of the publications they offer are: * AUSTRALIAN SMALL-CAP INVESTIGATOR * DIGGERS AND DRILLERS * AUSTRALIAN WEALTH GAMEPLAN * SLIPSTREAM TRADER * SOUND MONEY SOUND INVESTMENTS.
Qlds007 – Ah yes… have heard of Veda and will be ordering my credit report once I get my first paycheck either this or next thursday. Thanks for reminding me… and if it isn’t so good… is it true that there are people or companies out there that can help fix it? And in terms of mortgage brokers… since I am in Melbourne… is it best to find a local broker or use someone like yourself?
grimnar – yes it does seem that i do need to get money smart and life smart before worrying about bigger investments i am set to make things work from here on in and will find a proper accountant and do my tax every year (going to try find one on this forum in Melbourne)… i have an account with ing direct that i can start using again… would you recommend smartypig over ingdirect? and in terms of fixed income investment types and corporate bonds… i think i need to do more research as a quick glance in google confused me a little lol
xdrew – one step at a time… so much great advice from all of you with most of it overlapping and making great sense… my first steps of a steady income and a steady savings plan seem to resonate with all… and then to build build build in every way possible thanks for the advice and I will keep you all updated and with my commitment and your support I am making things happen as we speak!!
Also…as I said i will be looking for development opportunities, however I will not be able to do EVERY project I find so JV partners / Syndication partners are welcome to have a look at what I find as well.
What do I need to do to become a JV or Syndicate partner? I am keen to start investing in property and would see JV or Syndicates the best way to get my feet wet so to speak. Looking forward to your prompt response… and I think Linc Energy is in Chinchilla?