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melbear
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@melbear
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March 23, 2004 - 1:55 am
Oh Muppet, that’s so sad []
I’m up to 750 on my laptop…
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Mel
melbear
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March 23, 2004 - 1:47 am
Hey Prop
Is that any link, anywhere?
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Mel
melbear
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March 23, 2004 - 1:29 am
Originally posted by Still in School:
yikes… have to keep posing… [ohno]
Yes, SIS, you are a definite poser!! Glad you realised it[comp]
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Mel
melbear
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March 23, 2004 - 1:27 am
Rugby, love it.[]
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Mel
melbear
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March 23, 2004 - 1:23 am
aussieeeeeeeeeeeeee, we need some clues………..
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Mel
melbear
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March 23, 2004 - 1:18 am
Oh well, thanks for looking. Congrats on 2000 post.
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Mel
melbear
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March 20, 2004 - 3:18 am
Lisa, I heard Ed Burton’s ‘sales tape’ and from it I think that he’s much into investing in real estate too – but he will cover the other aspects like tax, asset protection etc. etc.
When he talks about offshore investing, he also was talking about buying properties oversead (I think)
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Mel
melbear
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March 20, 2004 - 3:15 am
Yes Chan, I do believe you, but I think turning off my firewall may really defeat the purpose of having one installed!!
[medieval]
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Mel
melbear
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March 20, 2004 - 3:13 am
Well done PG!!
Now you’ve got lovely shiny red stars as well[suave]
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Mel
melbear
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March 19, 2004 - 12:27 pm
Well done Kay. Super work![specs]
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Mel
melbear
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March 19, 2004 - 1:04 am
Either Saturday or Sunday is good for me.
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Mel
melbear
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March 18, 2004 - 1:57 pm
Craig, welcome.
Firstly, I would like to say that you have done very well for someone so young (I can say that cos you’re two years younger than me[exhappy])
You are in a good position to use some of your equity to start your portfolio. Remember that there will be some tax benefits involved, so you may be able to start off with a neutrally geared property (or slightly negative) pre tax, and end up with money in your pocket afterwards.
Your plan sounds very conservative, but is a really great starting point. Once you get into it, you will probably ‘get the bug’ and realise that 25 years is way too long away, and will look at ways to move ahead quicker. But to start with, just look for that first property, as close to neutral as possible, with hopefully some growth prospects. At your age, you can probably afford to do some negative gearing with growth properties, which can propel your wealth a whole lot quicker than your $100K CF+, no growth places.
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Mel
melbear
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March 18, 2004 - 1:41 pm
spi, the library is definitely a good option.
the other one would be to get a group of friends who are all interested in learning, and each buy a book – then swap them with each other, creating your own library. That way you can all meet up and discuss what you’ve read, and learn more that way.
For a list of books to read, find Leigh’s post – it’s a sticky in one of the forums, and has some reviews by forum members also.
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Mel
melbear
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March 18, 2004 - 1:35 pm
Check out the library too.
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Mel
melbear
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March 18, 2004 - 1:29 pm
Where’s the auto login feature?
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Mel
melbear
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March 18, 2004 - 1:26 pm
I like the fact it’s a small number for the workshop. that will mean more learning, and presumably some group get togethers?
It looks like you get a 12 month program as well?
A bit concerned that he built his wealth in the last 4. Anybody that bought property 4 years ago (and as much as they could) would really be sitting pretty right now.
That said, he probably has learnt a lot along the way (like Steve) and can teach you what to look for.
Would be very interested in your feedback once you have attended the workshop.
I’ll be doing the ‘Relay for Life’ here in Canberra – hope it’s not too cold![biggrin]
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Mel
melbear
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March 18, 2004 - 1:17 pm
I’ve generally paid for them with credit card, and then paid that off when I get the bill.
When I did Tony Robbins events, luckily my partner had a spare $36K in the bank that we used for him, me and his daughter. I still owe him that money [ohno2].
With the Henry Kaye ones I had an interest free for the first one, and now I am actually paying interest on the later ones.
If any of them have payments plans I tend to jump on them, even if you pay a little extra. It’s a lot easier to juggle a monthly fee for say 6 months than $3K up front.
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Mel
melbear
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March 18, 2004 - 1:02 pm
I think you’ll find the ‘gurus’ were the real estate/development companies that jumped on the Jan Somers (among others) bandwagon and made their money by selling their properties to you – with fantastic tax breaks, and flights to QLD, and overpriced properties.
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Mel
melbear
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March 18, 2004 - 1:00 pm
It depends on what you will be putting through the account. If you’ll have reasonable amounts of money sitting in there at most times, then have a cash management type one that gives good interest. If you get a friendly business banking person they should be able to tell you the fees/charges based on what your expectations are.
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Mel
melbear
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March 18, 2004 - 12:58 pm
Never heard of him Dan.
What does he teach, how long is the workshop, and what’s it cost?
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Mel