I reckon it would be great if you could get them playing RK’s Cashlow game together. Learning a lot of the realities about money early in life would be the best advantage any kid could have.
Cheers, Leigh.
P.S – I think it’s great what you’re doing.
“If you can count your money, you don’t have a billion dollars”
J. Paul Getty
I think you’ve actually got a fast ball here, and it’s not aimed over the plate…!
I believe we should all take responsibilty for our own actions. Declaring bankruptcy is not taking responsibilty, rather shifting it onto the shoulders of others. The shoulders of people like property investors who at the end of the day pay for *John…[Read more]
Well done on your achieving financial freedom, a product of lots of hard work and focus. Two things that I battle with everyday!
‘DIAMOND_GUS’… would I be right in assuming network marketing? I have a close mate who has just got involved and is hopeing to do really well out of it (I think everyone does!). Although it is not my piece of…[Read more]
I think Steve’s ability of obtaining ‘unlimited’ finance comes from his knowledge of the banking industry, legal structures and the real estate market. Know what each bank is looking for and only present them with deals which fit within their criterion. Being able to think outside of the square and get creative will also go a long…[Read more]
At the end of the day if you purchase another personal property you will have access to 80% of your money for property investing. However, although you may actually buy the property for cash (upto $400k) you will still be making repayments if you refinance to fund your investing. If the properties you are purchasing are positive cashflow…[Read more]
I believe that retirement is having the option to work or not.
Other than travelling to England with my parents when I was barely old enough to remember it I’ve never been overseas. I’ve never been to America, Ireland, Fiji, Bali, Greece, Italy, Canada, or New Zealand, other than Footscray ([]) I’ve never experienced another culture, never seen…[Read more]
Would it be realistic to look at the trends of say the US to gauge an indication of the long term direction of property in Australia?
What i mean by this is that because the US housing market has been around for a lot longer than Australia (obviously!) then what’s happened over the years in the US might be a good indication of what might happen…[Read more]
A couple of creative suggestions that might be useful to you richmond.
1. You could try approaching the vendor to retain an equity in the property.
i.e – Vendor leaves 15% in the property and you obtain 90% finance through the bank. Most likely to achieve this when offering the vendor a premium price for their property for doing so.
quote:As for investing ten thousand dollars to re-coup a net of twenty dollars a week, Mini you could earn that in one hour driving a taxi and keeping your ten thou. for a decent investment.
Bless you my child!!!!! Never mind you’ll learn
one day
Hi bbruham, have you gotten into property investment to retire early on a passive income or to buy a…[Read more]
quote:i bought 2000 shares in CSL on the float 7 years ago for 2.40 each. sold them 3 months later for about the same price when i decided to buy a family home and neaded the deposit. chose the wrong shares because they they recently reached $50 a share could have made 100K,
I sold a parcel of shares i had in a company by the name of Virotec to…[Read more]