Hey mate,

Shhhh… secret squirrel [wink4]

Seriously, glad you liked the look of it. It’s now due for release on 27/9 – two weeks tomorrow.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Great effort on finishing the book – especially if you’re not usually a bookworm.

Actually… I still DO use it, however have gone a few steps further in my analysis too.

Just wait a few more weeks and all will be revealed in Book #2… now due for release on 27/9/04.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
**********

Hi,

Actually – I have just arrived back on the mainland after a holiday on Brampton Island.

The second book actually went to print today and is due for release in late September.

Now – as for my view… it’s relatively simple… so long as the investor has a wealth creation plan, and that WC plan calls for buying a certain type of property, then what does it matter whether it is +ve or -ve cashflow so long as it helps achieve the said plan in the first place?

However, in my case (i.e. my plan and my goals), I favoured +ve cashflow because I wanted the income first to replace my salary.

The only problem I see is when people misapply a so-called wealth creation plan (tax savings) rather than looking to make money.

Ultimately we all need to be guided by our differing goals which is why i don’t think it is accurate to say that one is better or worse than the other.

Hope this helps and was worth the wait.

Bye,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Sorry to hear about the mishap.

Just a heads up on the topic though… the phrase actually comes from scripture. The full reference is:

Note it is the love of money rather than money by itself.

While we’re on the topic, here’s something else to consider:

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi Mel,

It’s accoutning talk mate.

Just that the amount of depreciation as shown for accounting purposes (i.e. financial statements) is not necessarily the same as what is an allowable deduction for tax purposes (i.e. tax return).

The reason for this is because of different rates being used.

For example, buildings are depreciated for accounting purposes but not for tax purposes. Also, sometimes the ATO allows adavnced depreciation (such as a 100% writeoff for low cost items), where as this is generally not allowed for accounting purposes.

I’ll grant you that it’s a little murky, but that’s they way things are!

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Point taken, but it IS nice to have the people who wrote the software we use for our forum tell us they think we did a great job.

I’ll take my cardigan off now [:o)]

Hi,

I was there at the start of John Burley’s discussion forum but lost interest after a disagreement re: editorial of the site.

Re: Somersoft – I think that it’s a good discussion forum in many ways. I regard the relationship between us and them as a bit of a Holden v. Ford argument. Some like one, some like the other, but the industry needs both.

Other forums (US based though) include:

http://www.creonline.com
http://www.richdad.com (kiyosaki)

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi,

Nice timing!

I’ve just finished the first draft of the manuscript however we need to wait for the MAP to finish in order to obtain the final tally of property purchased and profits made.

It’s due to be released in early October.

Cheers,

Steve McKnight

**********
Remember that success comes from doing things differently.
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