Forum Replies Created
Welcome to the property investing game, isnt it interesting, one minute its a boom next theres doom, then the interest rates, then we get the stock market gurus, then Dolf de Roos goes commersial and dumps residential, one area goes bad while another some where else goes mad, oh heck I need a pill –
You need two bits of ingredient in life, good luck and good timing. The more informed you are the better the decission you can make – times are great even Harry from Meriton is turning up the heat because he thinks the market is improving, and he is the best in Australia at it !!! so he should know.
You can only make profits if you are investing, come on you young blokes get into debt and see whats its really like.[biggrin]
Sonny Jim, my question to you is why ????
If you had a caculator and knew how to use it do the maths on the yield at 5% – 6% – 7% – 8% – 9% – 10% and so on.
This is called the basics mate [blush2]
The lack of money creates people to do evil things … Phil
If only you could get that through to 95% of the population … phil
Jenman.com.au has some very good points about ESC
Peter is a wonderful public speaker, actually in my opinion better than wonderful.
Peter was also an earlier pioneer to wealth creation and awareness that Steve and Dave, his stratagies are different but the result is to become free from the Rat Race, same as Steve and Dave.Isn’t that what its all about – tell your boss to get stuffed and be in control of your own destiny ???
The more EQUITY the safer you will be, also equity will give you leverage for further investments … but … cashflow is king … good luck.
You also have a wonderful family so don’t blow it, make them proud and grow that wealth then teach … Phil[biggrin]
Hi mate Marina Berths located in the right development are wonderful investments go for it.
Education; Finish school so you can tell you kids you are not an idiot, get qualifications in oter ares so you can understand money better.
There is no GET RICH QUICK solutions, however you will get rich quicker if you are SMART, you only get paid from your results.
Property investment is a science and only 3% of people in Australia will survive to live a comfortable life style you must learn the facts, the rest are opinions.
To Derek [grad](school teacher) teach kids about finance and how to save. Teachers have the worst record for savings and wealth creation so look carefully in the mirror mate. We have a 27 billion dollar credit card problem, why, lack of education, kids lease cars, why, bad education, first home owners now are going to use their parents equity to secure their first home, why, because we are not teaching our kids how to save, soon we will be having 100 year home loans like in Japan, how much more do you want Derek …
Teach the rule of 72 … teach compounding interest … teach how to save @20 per week … teach financial basics … teach the effects of interest free store accounts … teach how to read a contract … teach how not to get scamed … teach how to survive without a credit card and a mobile phone until they have income.
I cannot believe that people who want to get RICH and HAPPY are falling for the debt traps, you don’t need to be a scollar to work out the numbers but why is it that 97% of Aussies are going back wards ????[upsidedown]
Hey Fullout how would you like it if you produced a 3 day seminar and found out it was being copied and sold – how low are you mate???
Miserable people get miserable results !!![angry2]
Hi PropGuRu, well as a moderator why don’t you test the theory of the book … one thing i look at on this forum is hits v’s replys, this is also dependant to the post question of course.
I had a business that had 60 sales consultants and i can tell you that 20% of them did 80% of the work/results, in fact after reading this first book i fired 30 people and doubled my sales – go figure?
Sort of like Amway distributers YACK ?? hey what if this site is a front for … ??????
New book out “101 ways to get RICH quicker” by Phil Sigglekow (Dymicks)
Hi Lukis – you want to what – how old are you ????
What is poor and what is charity, two words that are thrown around too easily in my view, same as RICH, most people don’t even know what RICH is.
People who give to charity are gutless, people who work in and support charity should be admired. Before you shoot me for that comment how many gurus brag about donating money, its like oh ok here have some money now leave me alone until next year, oh by the way tell a few people about what I did – give me a break !!
Once again if you want to get Rich or become financially independant go and get Wallace De Wattles book (1904) The Little Green Book and have a read.
This post has attracted 2000 hits and only two people have come close to a sensible answer, what a shame – remember 95% of people retiring in Australia will retire worse off than when they were working, and its getting worse !!
Let me help you – you don’t need to acquire 100 properties so don’t feel like a failure if you end up with one or two paid off by the time you are 60 or so.
Statistics tell us that if the average Aussie (any nationally) ends up owning their house and one quality investment property plus a little super and other savings that they will be in the top 5% at retirement or;$1.5 million dollars of assets not including the value of the family home now;
Its YOUR choice just how rich and happy YOU become but all you really neeeeeeed to know is what the miminum standard is as a personal target, oh if you don’t believe me go ask 50 65year olds or go visit a retirement village and do some surveys.[baaa]
Put an add in the paper ??
Don’t worry AliG you are always welcome at my place if you like Italian cookin !! and a few bottles of my father in laws home made wine – not .. he he
To generate a $2,000.00 income per week at 5% you need a cryitical mass of $4,000.000.00 dollars.
any comment ?
One day your day will come when this has more meaning, some people get there quickly and other people are still trying to work out what the fuss is about, but one day your day will come.
Heed the roar of the distant drums !!!
There are TWO areas here for mention 1. when you don’t have a $1mil you have theories 2. When you do have a $1mil you have realities.
Not including your house or principle place of residence.
As i have said many times before when you have money offers come to you and your view is changed when you lend it. Read again the Richest Man in Babylon and you will understand.
I want to make money so i don’t invest unless i am GUARANTEED of at least 15% per annum upwards, and then compound it.
Hi Ali, here i go short and sweet.
Over the years after doing many seminars etc and talking to pesimists family/friends alike i now ask one simple question.
HOW MUCH ARE YOU WORTH – and then i say, shit its no wonder you have an attitude to attracting wealth like that – NOT !!!!!!!!
[thumbsupanim]
I got into a discussion on this over a BBQ last Saturday with a friend of mine who is a tax barrister and others.
We also need to add in here that Australians on average are spending far too much – our debt to equity levels are highest ever – credit card debt is 27 billion dollars and getting worse – generation x and y have high unrealistic expectations – how many people reading on this site remember 17 and 19% interest rates – etc etc
People now have a mindset of spending v’s saving – look at the stats on interest free store accounts v’s layby – if you are a payg with a car lease you are a looser in deniel, why?, do the numbers – mum and dad are expected to use their equity to get the kids a house, why didn’t they teach them how to save for one instead.
Heed the roar of the distant drums !! (any one know who said that??)
