Hi,I was waiting for the BRW rich list to come out in regards to property, It was an interesting read especially the backgrounds and how they achieved it, I was a little surprised by some of the names, but if we gave it an overview business would be number 1.Sometimes these things are snapshops  in time, I remember reading an article last year on…[Read more]

Hi,Thanks for all the valuable information and insights and for everyone that posted back.Personally i thought tony b gave a real indpeth view of what it like to own ip's and the costs involved, people dont think of the basics.Heres my 2 cents worth for the sake of it, I think its worthwhile to think about the question is property the real answer…[Read more]

If anyone is interested in playing please let me know, as I want to organise a game for next weekend, pm me or email.Thanks

Hi Guys,What a response, thanks for your comments and ideas.My thoughts are that there are some very well educated and people that will impact society in this forum, I think its good to shake and rattle the cage a bit, maybe even play devils advocate in regards to property and wealth creation.There will be heaps of opportunities that will come…[Read more]

Will email you

Interesting, thanks for the info and discussionThis is my thoughts anyway, (this might upset people), if you have to live there why buy?, its overpriced and unless you buy undervalued your probably better off investing your money somewhere else, often buying a house is an "emotional" decision not driven by logic.The mortgage will be high and…[Read more]

Hi MarkI would be interested, have you progressed this any further?

Hi,

I have a friend of mine that went, well him and his wife, they said its great for personal development but little substance overall, probably not worth the five grand based on there comments overall.

Invest in a systemised business so you can get enough passive income to invest in property.

simon, business and investments

He is very systematic in the way he approaches things, however I find his thinking the most amazing thing, its on another level to be quite honest.

Hopefully I can learn some things from him to get to my goals quicker

simon a mix of income streams

The simple answer is no it isnt, read cashflow quadrant by RK
Get passive income from business then invest in property, shares, its too hard to just using job income.

Property should be used as one stream of income, not the only one, its quite slow esp in the current market but is good for the long term and to create stability in your portfolio.

sounds good, lets have a game when you get back

Hey Sg,

Thanks for the reply

No not network marketing sorry your incorrect, our business model has business partners (franshiees) like normal retail stores, but differs slightly .

Just wanted to clear up assumptions that you may of had

Fear controls a lot of people

People need to get over themselves, what happens if you go to a seminar and find out something that you didnt know was possible or you learn something new, if its free, why the hell not?, its not a waste of time if you learn something new, think outside the box and be open minded.

I have no idea about what that…[Read more]

Hi HB,
Sorry I am not in here that often so its hard write back , I applogise for that, just email me or pm and ill write back to you. I just got back from Fiji on monday so I have been a little snowed under.

Here goes this is what I did:
1. I was very very open minded and teachable, I dont blow off things because of perceptions of what I or…[Read more]

Well I am trained as a scietist, but theres no money in that (do you know any one thats rich in science, they do it for passion, not the money, but I like I said dig the well before you need it), so part time I set up a business with some cluded up people, that were free and already successful business people, I learnt for a long time from my…[Read more]

Yes I have a job, no the 40 K is passive, its not income from my job.

Gross, you are correct, but how about doing it without investing the all that money and not selling books?

So what about having pasive income without the investment in cash terms, would this be better than having all the money invested, cashflow is king, and it doesnt matter how you get the passive income as long as you get because at some point…[Read more]

wow, so many intresting comments, personally like I said I belive if you can replace your job income with passive income then you have options then you choose what you work on and how much time you want to use doing that activity, eg this is a stupid example, but many teachers I know love teaching, love kids etc when they start teaching they love…[Read more]