Forum Replies Created
- Originally posted by 3056:
I understand exactly what you are saying Simon and I take your comment as a compliment. I was just trying to make the point that the problem is the card owner, not the card.
Just like Guns don’t kill people – people kill people?
Point taken mate,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Westan is quite correct.
As a moderator I can check the IP address for each post.
The first two posts in this thread were written on the same computer.
Everyone needs to be careful of these sort of posts where people try to ramp up demand and sell info etc. I deleted the links to the products he was selling.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by voigtstr:It wouldnt be fair on my partner to dump my debt onto our mortgage.
Have a thionk through your partnership – it makes financial sense for you to pay IO on the mortgage and direct all effort into killing nondeductible debt.
As a partnership you will be financially better off doing so.
Perhaps it needs to be discussed?
All the best
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
3056 – that advice was clearly not intended for you. You are the worst of credit card clients from a lenders perspective!
Credit cards and store cards are the number one out of control debt for the people that I help with debt reduction. It is unbelievable how much consumer debt is given to people on very low incomes. They cannot get a 7% homeloan but are showered with 16%+ credit card offers in their mail each week.
I have a HC lady earning a family income of under $35K who is $80K+ in consumer debt. But we cannot get her a loan to buy a $112K home….. even without the debt!
She consolidated once before then within three months maxed out both credit cards and three store cards. I have almost given up helping her as she will not help herself.
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Seem Daz is having as much trouble with the posting buttons as the threas starter!
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Sounds like it is too good to be true.
Keep your $250.
Buy a couple of books.
Ring up a few of the members here that seem to know what they are doing and let them bang on for an hour – trust me they all love to talk about themselves – that’s why they post.
You can do this yourself. Most people can. Problem is most people don’t.
Hell even call me for a strategy in a nutshell – make it after 9pm when the kids are asleep and I will talk your leg off.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Who believes in Karma?
I have to go around one of my IPs tomorrow and deal with a wasp nest that is scaring my students.
[blink][blink][blink]
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I think you have a point.
It is much easier to apply a set of rules to someone elses strategy more so than your own. Esp if that person is receptive to your direction.
I know my clients finances are usually in better shape than my own arrangements [blush2] But I am fixing that atm!
The mechanics car is run down and the painters house a mess…..
Interesting post,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by Qlds007:And also don’t get pressured into being told that if finance is approved you have to proceed. It is finance on terms acceptable to you the purchaser.
As usual Richard is spot on and ably filling in my gaps…
Most solicitors will write the clause in such a way that it reads something like:
“Conditional upon finance approval satisfactory to the purchaser.”
This stops an unscrupulous vendor and agent forcing you to accept something like vendor finance at 20% rates etc.
I have never heard of this actually happening to someone I know but for the sake of a few words it is better to be safe than sorry.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Mate – we al lwere at that stage once.
Once you knock those debts over then start paying the same amount into your offset or redraw account. Very soon your equity will build to a point where there is a deposit just waiting for you to use.
Then you have two properties working for you plus your income. Next deposit is even easier.
I have a bit of a strategy for debt treduction – nothing startling and nothing new but if you are interested drop me an email. It is about time I got it down on paper and out to people. I am not selling anything nor do I want anything in return. Just like seeing people reduce non deductible debt.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Paul,
Just been through your last five posts and cannot see that you were ignored so I imagine you are complaining on behalf of someone else? Can you let me know whom and I will endeavour to rectify it. I hate the idea that a new user is being ignored.
Or are you just generalising?
As far as banning goes it rarely happens. I can only think of one occassion so far this year but there may have been two. Banning doesn’t happen lightly either. But I accept that, since abusive posts are quickly deleted, the average member doesn’t see exactly why someone has been banned. And that is not a bad thing. You are not here to read abuse, spamming from the US or Eastern Europe or sexually explicit posts etc.
If there is some way that myself or the other mods can make your visit more positive please call me or email me and tell me. We are keen to make this a welcoming environment but wont do so by allowing the place to degenerate into anarchy.
Posting one line complaints that are not immediately justifiable doesn’t make it easy. The only person I know that can read minds is my wife and unfortunately she will not teach me – it will upset the balance of power in our household.
Have a prosperous day mate,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by Just Learning:Sometimes I just dash stuff of the top of my head because there is nothing worse than typing a long epistle only to find the thread locked.
So are you saying that when the keyboard engages, brain disengages ?
….and therein lies the problem for newbie posters like me…. experienced posters having little spats at each other over topics that newbies would start, because thats been the way it is and has been for the last 100 years…, but if an outsider dares to say something… at best they are ignored, at worst they are banned
regards,
Paul
Paul,
You make it sound like it happens a lot.
Please let me know where you were ignored and I will make a special effort to reply to each of your posts.
Most other new users seem pretty happy – many even email me to tell me so. But I will do what I can to make you feel better,
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I reckon between all the members here we must have resources to answer any question.
Who woulda guessed I would be learning heaps about bees today.
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Let me apologise for my tongue in cheek post earlier regarding spraying the bees.
I have done it to some effect on paper wasps with no problems. Except that usually I found the nest the hard way and those buggers hurt for ages.
As with all advice I give – Please consult a professional.
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by bkawz:Thanks for all your replies.
I will do a more detailed post later on, as i am busy now.
Flash: My brother and I have been playing poker for 2 years now, so we have saved up a bit. The money is sitting around, so Id like to invest it into something.Go and pay cash for a home.
Then borrow against it to buy IP’s.
Beauty of a home is that it is not very liquid – so when the cards run against you it is harder to dip into the funds for betting.
Anopther alternative is to find yourself a good financial advisor.
is one I use but there are lots more.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Whoever told you that is an idiot. If it is an agent then he is pressuring you and you should complain about him.
Ask your solicitor to amend the cotract with a suitable finance clause.
You will be fine then to pull out, stating finance was an issue, and your deposit will be returned.
He is probably telling you the deposit has to be 10% too?
It can be whatever is acceptable to the vendor and yourself. $10 is fine. Although most solicitors will insist on 10% that way if you do a runner they can still recover theirs and the agents fees [blush2]
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by Nat R:What I do find amazing is that people who don’t know what they are talking about won’t take advice of somebody who has a better than decent knowledge on how some of these “behind the scenes” things work……yet they all bang on and on about how they are on a learning experience and are keen for knowledge.
Natalie
Natalie,
Here’s a funny thing…
How can we respect your advice as coming from someone the calibre of yourself without knowing something about you?
Thanks for sharing a little of your background with us. It certainly explains what comes across as arrogance and condescension and I feel your frustration with us unwashed masses who are bumbling along learning and making mistakes in our financial lives.
Thanks for taking the time out from your jet setting lifestyle to drop little pearls upon us – sorry that we don’t always appreciate them. I will now be reading your posts with a much greater understanding now that I know you aren’t just Nat R who pops up every now and then to take an articulate swipe at other people. But you are Natalie the investment banker who stays in more expensive hotels and flies further towards the front of the plane than I usually do.
Would you share a little of your investing background with us as well?
What would be really great is if you offered us some positive advice on how you got there?
I mean someone like Dazzling, who also can show a little less sensitivity towards others at times, has been good enough to share in painstaking detail how he is building his portfolio. Noone can say they don’t know how to do it after reading what he posts – can just say that they didn’t have the courage or cojones to start a bit bigger than the $200K 3+1 in dullsville.
I know I would love to know more of the Natalie story. I am sure she is a whole lot more likeable than Nat R who condescends to telling us what we do wrong but never really gives us anything positive.
Just reread this and it sounds sarcastic – is not what I mean it to sound but I trust you are thick skinned enough not to let that worry you.
Look forward to some gems Natalie.
Kindest regards,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Relax guys.
Nat is not good at showing humility – this is about as good as it gets I suspect. [wink]
No need for everyone to take things personally – I know I don’t and I have had my fair share at the wrong end of Nats attentions.
Lets keep it friendly or the thread gets locked.
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Forgive me Nat – it is uncharitable in the extreme for me to take any pleasure in you being on the receiving end.
An education in what others experience is quite true.
All the best
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
10 Simple rules for Dating my Daughter
Rating:
Quality: (Quality: Unrated)
10 simple rules for dating my daughter
RULE ONE:
If you pull into my driveway and honk you’d better hbe delivering a package because you’re sure as hell not picking anything up.RULE TWO:
You do not touch my daughter in front of me. You may glance at her, so long as you do not peer at anything below her neck. If you cannot keep your eyes or hands off of my daughter’s body, I will remove them.RULE THREE:
I am aware that it is considered fashionable for boys of your age to wear their trousers so loosely that they appear to be falling off their hips. Please don’t take this as an insult, but you and all of your friends are complete idiots. Still, I want to be fair and open minded about this issue, so I propose this compromise: You may come to the door with your underwear showing and your pants ten sizes too big, and I will not object. However, in order to ensure that your clothes do not, in fact, come off during the course of your date with my daughter, I will take my electric nail gun and fasten your trousers securely in place to your waist.RULE FOUR:
I’m sure you’ve been told that in today’s world, sex without utilizing a “Barrier method” of some kind can kill you. Let me elaborate, when it comes to sex, I am the barrrier, and I will kill you.RULE FIVE:
In order for us to get to know each other, you might think that we should talk about sports, politics, and other issues of the day. Please do not do this. The only information I require from you is an indication of when you expect to have my daughter safely back at my house, and the only word I need from you on this subject is “earlyâ€.RULE SIX:
I have no doubt you are a popular fellow, with many opportunities to date other girls. This is fine with me as long as it is okay with my daughter. Otherwise, once you have gone out with my little girl, you will continue to date no one but her until she is finished with you. If you make her cry, I will make you cry.RULE SEVEN:
As you stand in my front hallway, waiting for my daughter to appear, and more than an hour has gone by, do not sigh and fidget. If you want to be on time for a movie you should not be dating. My daughter is putting on her makeup, a process that can take longer than painting the Golden Gate Bridge. Instead of just standing there why don’t’ you do something useful, like change the oil in my car?RULE EIGHT:
The following places are not appropriate for a date with my daughter:
Places where there are beds, sofas, or anything softer than a wooden stool
Places where there are no parent’s, policemen, or nuns within eyesight.
Places where there is darkness.
Places where there is dancing, holding hands or happiness.
Places where the ambient temperature is warm enough to induce my daughter to wear shorts, tank tops, midriff T-shirts, or anything other than overalls, a sweater and a goose down parka zipped up to her throat.
Movies with a strong romantic or sexual theme are to be avoided; movies which feature chainsaws are ok.
Old folk homes are better.RULE NINE:
Do not lie to me. I may appear to be a pot-bellied, middle-aged, dim-witted has-been but on issues relating to my daughter, I am the all-knowoing, merciless god of your universe. If I ask you where you are going and with whom, you have one chance to tell me the truth, the whole truth and nothing but the truth. I have a shotgun, a shovel, and 5 acres behind the house. Do not trifle with me.RULE TEN:
Be afraid. Be very afraid. It takes very little for me to mistake the sound of your car in the driveway for a chopper coming in over a rice paddy outside of Saigon. Whem y agent orange starts acting up, the voices in my head frequently tell me to clean the guns as I wait for you to bring my daughter home. As soon as you pull into the driveway you should exit your car with both hands in plain sight. Speak the perimeter password, announce in a clear voice that you have brought my daughter home safely and early, then return to your car. There is no need for you to come inside. The camouflaged face at the window is mine.Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
