Forum Replies Created
How dare anyone assume they know that something is either fact or fiction, when they know less than one six-billionth of all the information there is to know in this world. The arrogance of man (and woman) is breathtaking.
The most successful people in the world (in any area) realise that they can’t possibly know everything, and this is why they are successful.
Steven Covey said it best,
“It shows, first of all, how powerfully conditioning affects our perceptions, our paradigms. If ten seconds can have that kind of impact on the way we see things, what about the conditioning of a lifetime?”C ya
RedTim (22 posts too many)
I’ve just heard that Derren Hinch has been sacked by Kellogg’s because he’s giving people the s**ts.
Article speaks for itself:
Article speaks for itself:
No hard feelings, it’s just that some people do make money from seminars, and of course some don’t.
Do whatever works, I don’t care, it’s only money.
Now where did I put my “SMSF For Dummies” book…..
I was in this retaurant the other day with a few friends. It was pretty fancy, they served mainly Mediteranean dishes. I didn’t really know what I wanted, and the menu didn’t help me much. There were all these rediculous names for things and I had no idea. When the waiter came to our table he took everyone’s order and then he got to me. He was quite the sophisticated waiter, and had a bit of an accent. He asked me what I wanted. I really love some types of seafood, and I saw this woman on the table next to us with this fantastic plate of food. I wasn’t exactly sure what it was, so I asked the waiter,
“Do you serve prawns here?”
To which he pompously replied,
“We serve anyone.”
So if someone wants to learn what Jamie (and you) do, where do they go?
Personally, I think anyone who wants to be an investor (not those who don’t want to be) would learn more from Jamie, than from ASIC. And would learn more from ASIC, than this forum.
By the way, which parts of his two 30 hour seminars didn’t you like? And what did you think of his new internet seminar? Have you had any trouble using his mortgage brokers, or accountants? Did you find his free DVD overpriced? You’ve obviously had some serious issues with his companies considering the way you slander him?
And what advice do you have for someone wanting to retire this century? My super is negatively geared, it’s costing more than it’s making. And how’s everyone going with all their positive-cash-flow houses? 130 yet?
I’m willing to learn ANYTHING.
Originally posted by Dr.X:When are people going to wake up, start questioning instead of accepting all recieved information and start thinking for themselves?
A: Never. Ever read “The Richest Man in Babylon”? People have known how to create wealth for 8,000 years, why are we going to start listening now? And if you think TV is bad, what about anonymous forum posts? I can defame whoever I like and never have to prove anything, and then all of a sudden disappear into cyberspace. I can’t really see Peter Hitchener (or Derren Hinch) doing the same thing…
R
Originally posted by Cata:I have a friend who lost $5k in a scam set up by Jamie.
(Cata, I hope you contacted your solicitor before posting this comment.)
Thanks Nat R, you help keep things in balance. The more people that develop your mindset the better.
Think about it for a second…
What if everyone owned rental properties? What if only 10% of the population owned just 10 properties each (or 130 for than matter)?
(This is the answer as to why so few people get more than about two or three properties, there simply aren’t enough)
What if everyone beat the market average in the sharemarket? Sorry, can’t happen!
Why do 80% of businesses fail (then another 80% of those later on)? Because each and every person only has a certain amount of money to spend on stuff. I can only shop at one supermarket at a time, not ten.
Nat R, the other great thing about your mindset is that it’s true. You simply can’t do what Jamie teaches. The stuff he talks about is too good to be true. But it’s interesting to note that nothing is ever too bad to be true, is it? ASIC has never been too bad to be true? But Jamie might be too good to be true…Like I said Nat R, you can’t do what Jamie teaches, doesn’t mean someone else can’t. The truth is different for everyone.
So thankyou once again Nat R, Cata, pelican and all the others who vituperate ‘gurus’ in this forum. A special thankyou also goes to Neil Jenman.
Want some advice for investing in property? The general consensus here seems to be that property is currently well overpriced. Well I suggest you wait ten years and then start buying property…
Red
Tim“If you think I’m the problem, then you have to change me. If you realise that you’re the problem, then you can change yourself, learn something and grow wiser.”
-Rich DadI’ve just never seen a forum with so much advertising, that’s all. Nothing cryptic.
We live in the best country in the world, and it was just my tongue-in-cheek way of saying to people we need to be more appreciative of how good we really have it. Even without investing we live better quality lives than billions of people around the world.
There would be many people that wish they could have property investing problems. Because there are so many worse problems to have.R
TI’m just throwing up an idea, that’s all, and I thought this would be the best place to do it. In fact I didn’t want to do it here because it’s quite unfortunate what gets posted forums like these (Okay, I am guilty of one tongue-in-cheek post). We’re supposed to be talking about “property investing” and bouncing ideas and thoughts around.
Unfortunately for everyone, I don’t believe that the very many successful investors have any need or desire to post stuff in forums, and actually keep away from them (I have met a few successful investors, but never managed to find them in forums).
I’m not an expert, I’m hardly a novice (has anyone checked my profile, it’s fairly plain for a reason, and I’m flattered when someone suggests that I might be involved with selling something somewhere to someone). But I educate myself thoroughly on areas of investing. I understand the concepts, and I can see why some people do very well, and others don’t (and I believe that it’s got very little to do with money).
I recently saw a few potential investments (available to anyone on the internet) and they were quite expensive. But the numbers on these things were great. I thought if only I had the money I would buy it. And there are probably another dozen or so people saying the same thing (“I can’t afford it”). So I thought what if we got some people together? (“Investing is a team sport”)
Maybe set up a unit-trust (the investment mentioned would need approx ten investors), and everyone would contribute the same amount of capital, go to a bank and say let’s do this. Obviously there’s some paper work required, but what’s the alternative? (my super fund made 13% last year, but with fees it actually made a loss)
I honestly don’t know, I may be way off track, but I’m sure someone somewhere is doing this. And with no offence intended, I don’t think they’re sitting in front of a computer posting two and half thousand posts.Red
TimNo I haven’t, like I said I saw this place (and several others) on the net, and rather than giving up and simply saying that it’s out of my price range (which it is for me and most people), I thought that there might be a way for people like me to get their hands on these deals (I challenge anyone to find a traditional single family home with these numbers). I use smaller numbers because very large numbers don’t fit into most people’s context. But what’s the difference? If there were ten properties on the net all returning this amount, people would buy them. But what if ten different people all put their money together to get these same returns on one property? To me it’s the same thing. And it beats going overseas (US, NZ etc) to get these kind of numbers.
Think outside the box (’cause the money certain ain’t in the box).Red
Tim“An ad?”
All I did was see a few properties on the net, and they looked really good, and wondered if people get together to buy these things? (or just leave ’em for the mega rich?)“Most of my posts?”
I’m up to about 8 now, in about a year. A long way off 2794 (that’s a lot of time). I’d love to know what I’m advertising because I don’t have a thing (I’ve got an old bike if anyone’s interested)!Red
TimPurchase price: $300,000
70% Mortgage: $210,000
Deposit Required: $90,000
Cost/year: $15,000 ($210,000 x 7%)
Income/year: $29,000 ($560 x 52)
Positive cashflow: $14,000
Return on Investment: 15.5% (14/91)
(Not including depreciation and capital growth in Brisbane suburb)Any complaints? Even if you borrowed the whole deposit from another property, it would still provide $8,000 pa (still around a 9% return on this OPM)
Surely there are people out there doing this?
Welcome to the dark side Pelican. [evil] Have you any idea how much this guy is worth (and where it came from)? I’d post the figures here but he’d probably sue the pants off me [dead2] because like most smart investors (and Western Australian businessmen) he probably lives in personal poverty (and would debate any figures posted) but has very rich trusts. Learn from him, and remember that we need guys like him, he makes investing easier and more fun for us.
I can’t help it notice some similarities with Neil Jenman and Chancellor Palpadine from Star Wars.
If you look long enough and hard enough, there are some disturbing discoveries!
