What opportunities do you think this poses for the saavy investor?

Dan Lewis

I remember hearing Rene speak at the World Masters of Business conference a few years ago. I never knew much about him but he sure made alot of sense (and money) and was a very smart man.

I know Rene Rivkin wasn’t perfect, but who is?

I can’t imagine the heartache and loneliness that one must go through to decide to end it all. It makes you…[Read more]

Hi Scotty3,

I have 9 accounts with ING Direct Savings Maximizer and find it great. Did you know ING’s rate changed recently to 5.40% (Variable)?

Dan Lewis

Hi mkc,

Have you investigated the needs of the seller in VIC? There might still be a win/win situation.

“Understand the needs of the seller and tailor your strategy to that need.” – Steve McKnight.

You might not need a deposit bond if you can cater to his situation. You might consider paying a bit extra for the property on the basis that you…[Read more]

Hi Nehal,

Brahms is right. You’d probably do well to work as much time as you can and save as much as you can every week.

But as Steve McKnight said at the Sydney Masterclass, “there are usually 101 different ways to do anything.”

Could you convince your parents to get the loan for you? Would they go guarantor for you? Do you really have to…[Read more]

Hi Alan,

Taken from the notes for Sydneys Masterclass…

“Tax is calculated by ((Sales Price – Net Purchase Price – Sales costs) x 50%) x 48.5%)”

– 50% is for the CGT discount as you have had it for over 12 months.
– 48.5% is the Highest Marginal tax rate.

Dan Lewis

Hi Dave,

I’m not sure whil you’re looking for Capital gains in Sydney given the current market conditions but Residex may have what you’re after. However they’ll want some money from you.

See: http://www.residex.com.au/index.php?content=top100&PHPSESSID=82c127e3e681969ee0451dbed5acef3b

For the record, I’d also like to know if anyone knows where…[Read more]

To All,

Loving all these stories, they’re all so inspiring. Keep them coming! I could learn so much from you guys thanks.

Still in school, you blow me away. Let no one say it can’t be done huh?

CrownOfGold you’re sound like you’ve got your head screwed on. Thats so awesome… congratulations on getting married.

Perhaps some of you guys could…[Read more]

Hi JJ&Jo,

I imagine it is just becuase being flexible on both causes you to easily loose sight of your investment strategy. As an investor, your primary focus should be on your investing system. You should have a strategy and hold fast to it during negotiations.

Dan Lewis

Is time really that scarce? 90% of the fun is doing it yourself against the odds. [blush2]

Dan Lewis

Hi,

The new Wealth Guardian is now out and would be great resource to help you with setting up your trust. Have you considered buying that?

Dan Lewis

Hey Destined for Millions,

I love your name… I believe it! I take it you used the First Home Owners Grant for that one. If you don’d me asking, did your parents give you any financial assistance to help you get started? What area did you buy in?

Dan Lewis

Hi Matt,

Thanks heaps for your reply. Do you know if the taxes there are exit taxes like in NSW?

Thanks again,

Dan Lewis

Hi Terrabyte,

When was the best time to invest? Yesterday.

When is the next best time? Today.

“Whoever watches the wind will not plant; whoever looks at the clouds will not reap.” – King Solomon

Dan Lewis

Or this…

http://www.firsthome.gov.au/

Dan Lewis

Hi Marvin,

This link may be of assistance to you.

http://www.osr.qld.gov.au/gas/fhog/index.htm

Dan Lewis

‘sup loanwolf,

One of the biggest mistakes people make in their journey to financial freedom is increasing their lifestyle expenses as their investment income increases. ie. – new car, holiday or whatever.

But it’s not all bad, just a matter of personal choice.

A holiday would be great. Have you considered setting yourself a benchmark allowance…[Read more]

Hey Wilko,

This link might help http://www.infochoice.com.au/banking/atcallsavings/compare/tables/savings/fees/QLD.asp

http://www.Infochoice.com.au is a great resource to find all sorts of rates and fees associated with many different banks.

Dan Lewis
daniel@lewis.id.au

Hi dunnyboy,

Firstly I want to applaude you on your ‘get out there and do it’ attitude. I’m 26, and am kicking myself that I hadn’t made a move earlier with regards to investing. I’ve come close to investing a few times but I got ‘anaysis paralysis’ because I was too afraid of making a mistake.

I have 2 recommendations for you:
1. Listen to…[Read more]