All Topics / The Treasure Chest / Investing with Centrelink Income?

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  • Profile photo of KeYmAkErKeYmAkEr
    Member
    @keymaker
    Join Date: 2003
    Post Count: 2

    Hi,

    I just been to an HenryKaye property investment seminar down at the State theatre in Sydney as I am looking other investment opportunity’s aswell (Stocks,Property etc)…

    I’m currently on Centrelink payments (about $380 fortnightly) and was wondering if it’s possible at all to invest in property with quote “no equity/no money down”….

    Is this possible? Because I’m so tired of being scammed all the time!

    PLease Help this Newbie![B)][?][:O][:P]

    Profile photo of MiniMogulMiniMogul
    Participant
    @minimogul
    Join Date: 2002
    Post Count: 1,414

    I have been fortunate enough to have never come across Henry Kaye but I have certainly read a lot of posts that say he is a scammer. do a search on this forum. He’s even been exposed on telly I hear. Why don’t you spend 30 bucks and get Steve’s book. Or Dolf De Roos’s, to show I’m not just being sycophantic!!. It will give you the know-how to do the numbers on deals yourself so that you can figure out good deals from bad.

    John Burley’s book ‘money secrets of the rich’ decribes many different types of investor and one of them is the one that says things like ‘I’m bad with numbers. I leave it to the experts. we have a financial advisor and he/she’s a great guy/gal.”

    those are the kind of people that Henry Kaye preys on – the ones who would rather hand over responsibility to someone else – too hard/whatever to learn themselves. So much easier to bamboozle someone like that with bullsh#$%T.

    I think Steve and Dolf and Burley and Kiyosaki are all coming from the point of ‘teaching a man to fish’ so to speak, so that people can become responsible for their own wealth.

    I’m not saying there aren’t investment schemes that you can just stick a sum of money in and get a decent and guaranteed return. there are.
    But knowing the numbers and principles yourself will enable you to distinguish the wheat from the chaff.

    Profile photo of KeYmAkErKeYmAkEr
    Member
    @keymaker
    Join Date: 2003
    Post Count: 2

    Which books from Dolf De Roos as there are so many others by him?

    About Henry Kaye I’ll keep monitoring him and see what happens (not gonna pay for any investment services and try to do everything for free e.g library)

    I’ll be going to the library soon as I’m completly new to this investing thing and be probably getting these following books:

    -Thomas J. Stanely – “The Richest Man in Babylon” and the rest of the series of books from the authors if there available at the library..

    -Steve Mcnight of course..
    -John R Burley
    -Robert Kiyosaki
    -Margeret Thomas
    -Anita Bell
    -Jack Collis

    I feel as I am starting this investing thing all too late as I am 22 yrs old now…ohh well better late than never…lol[B)]

    Is there anyone or anything else you would recommend like courses that put all this info to practical use?

    And there should be a section in the forum for all the new investors or millionaire wannabies…hehe.[^]

    Thanks[xx(]

    Profile photo of MiniMogulMiniMogul
    Participant
    @minimogul
    Join Date: 2002
    Post Count: 1,414

    hi Keymaker!!

    Which books from Dolf De Roos as there are so many others by him?

    ‘real estate riches’ is fantastic. Quite simple, quite a good ‘first book’.

    >About Henry Kaye I’ll keep monitoring him and see what >happens (not gonna pay for any investment services and try >to do everything for free e.g library)

    cool! Did you find the thead about him, here??

    >I’ll be going to the library soon as I’m completly new to this >investing thing and be probably getting these following books:
    >-Thomas J. Stanely – “The Richest Man in Babylon”

    that one is awesome!!!

    >and the rest of the series of books from the authors if there >available at the library..
    >-Steve Mcnight of course..

    yep – that would be a good on to read after Dolf ‘real estate riches’ . If you are totally new to the subject, DOlf would be good to start with as it gets you used to the numbers which Steve’s book shows you in more detail – i.e. How to work out exactly how good the deal is!!

    >-John R Burley

    totally. I came quite late to finding Burley (Thanks Leigh!) and he’s soooo readable and sooo good!!

    >-Robert Kiyosaki
    Rich Dad Poor Dad started so many people’s financial ‘getting their sh*&^%t together’ process, so the guy really is saying the things in a way that appeals to people and they can really ‘get’
    without feeling preached at.

    >-Margeret Thomas
    Haven’t heard of her.

    >-Anita Bell
    personally I don’t really LOVE anita bell style. It reminds me of those two page articles in CLEO or other women’s magazines, ‘take control of your finances!’ written in a trying to be funny and cute but really not quite making it kinda way. (quoting)

    ‘how to house-train your credit card and get a credit rating better than some countries’.
    “there’s always been arguments for and against having a credit card – the decision comes down to personal choice.”

    ZZZZZZZZZ
    sorry can’t do Anita

    >-Jack Collis

    >I feel as I am starting this investing thing all too late as I am 22 >yrs old now…

    !!!!!!!!!!!!! I can’t believe you think that 22 is old! By what criteria!!!
    You are only three years past a teenager!!

    Even if you were 48 and starting out you could stoll be a millionaire by investing 10 percent of your income by the time you retired.

    see steve’s other site
    wealthtipsonline.com.au
    and click ‘personal’ and then ‘secrets’ to get the calculations on how that works!

    >ohh well better late than never…lol

    stop it about the ‘old’, ‘late’, and anything else

    >Is there anyone or anything else you would recommend like >courses that put all this info to practical use?

    yeah the books have it all going on. Start with Jon burley’money secrets of the rich’ or ‘rich dad poor dad’ or ‘richest man in babylon’ then go into the property books a la steve, dolf

    >And there should be a section in the forum for all the new >investors or millionaire wannabies…hehe.

    we’re all millionaire wannabies!!!!
    (or *enlightened* millionaire wannabies, as per the definition in ‘the one minute millionaire’ robert allen/mark hansen which is SUCH a must read, i am almost ready to put it up there with rich dad poor dad!!!)

    Profile photo of KeYmAkErKeYmAkEr
    Member
    @keymaker
    Join Date: 2003
    Post Count: 2

    Thanks for all that info and advice…now I got alot of reading to do…and I’ll become one those property millionaire guru’s in a year or so…lol because of all the helpful people like you…

    Thanks[:D]

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