Hi Chris

I agree with all and especially Keira. Please don't take it if you are not eligible for it, it would not be worth it if you got in trouble for it. I wish you all the best in pursuing your investment goals,

Leilah

"Our wedding cost $20,000. Its the biggest moment in many young girls lives. I was happy to spend that on my wife.Im all for saving for your future but fair go. If you be too much of a cheap bastard you will be sitting in you mansion rich and ALONE becouse no one wants to live with a tight arse. Just my thoughts."

Ha, ha. That was a funny comment.

I am going to give you another perspective on this issue.

My husband and I got married 1.5 years ago. We spent $100,000 on the wedding of our dreams, including the honeymoon. $10,000 contribution from the parents (we are now 35 years old).

Amount owing on the wedding today?  Nothing.

Amount owing on our credit cards? Zilch.

Amount owing on my student loans after completing two masters and two undergraduate degrees? Nada.

We have two investment properties, total price paid $690,000, by 30 June we will have a minimum equity of $411,000 (not including increase in capital value over the last few years), i.e. a LVR of minimum 59.5%. In a couple of years time after that we will buy another house putting down a 20% deposit.

Yes, it was a lot of money and we could have bought more properties or contributed to paying off the debt. But as was mentioned before many women dream of having such a day and I have no regrets that we spent that money. It was the happiest day of my life and worth every penny. But I do agree that you can have just as wonderful a day having spent a lot less. We had the money for it and it was what we chose to do. I think what Steve says is important, "spend less than you earn", which is certainly what we did.

Leilah