![]() |
![]() |
|
property investing and childrenbudgy [4 Posts] Hi, I think I will use this forum as a therapy session, but just got some negative comments, and needed some forumnites to cheer me up! Anyone out there with children and still being able to do the property investing business? Don69 [9 Posts] Hi there, Just to let you know your not the lone ranger and Yes it's doable to have a family and success. Not just in realestate but in whatever you are prepared to put your passion into. hallg [31 Posts] Hi Budgy, I was interested to read your post as one of my co-workers told me this week that she would like to start investing but can't do so until the (3) kids are off her hands. I didn't stop to try and convince her otherwise as I've come to the opinion that if you you want it enough, you will find a way. To make my point let's use me and my co-worker as an example. Similar age, both have 3 kids. We both earn about the same money. Her hubby workers full-time, my wife works 2 days per week. She says that at the end of every month, every cent they earn has been spent to either pay their morgage, bills or fund life style. Thankfully my situation is a little different. Our family can save an average $2000 per month, from the money we earn as employees. In addition to this, (using last financial years figures) we had investment income of $4,500 per month. Our outgoings (interest, land tax, repairs etc) to earn this$4,500 per month were $1750 per month. We only started investing 5 years ago. The 5 years prior to this we did everything we could to pay down the morgage on the house we built 10 years ago. I might add that all of our 3 children have been born in the last 10 years and my wife didn't work for a whole year following the birth of each. Our investments are a mix of property and managed funds. From my experience, yes it is possible. Then again, my co-worker may tell otherwise???? All the best Hallg |
User loginBest SellerIn The NewsAussie Dollar Booming Aussie dollar above US $0.98 after greenback softens. NAB Raises Interest Rates Why wait until Friday? The NAB has increased its home loan rate by 15 basis points to 9.61% CBA Rate Up Last week St George, today CBA raises home loan interest rates (14 basis points). Beware Friday arvos! Today's TipNothing down deals are common... but finding a nothing down deal that makes money
can be quite tricky <more> Active forum topicsnegative gearing review by Govt - what is the status?? Author: mixedup Investment Trust - Recommend a Bank Author: lbglen Who's Online |
|