[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 14, 2004 - 12:36 am

Don’t wait till you are wealthy or dead..

I spent some time with a wealthy, single, lonely old man in London in 2000 (friend of my Dad). He spends the year travelling the world on those expensive cruise ships trying to alleviate his loneliness.

His money is not working to bring him much happiness, you are lonely whether you are in England or in Mexico. I can’t help but think his attitude to life is partly responsible, you tend to get back what you give out in life I think.

We spent a lot of time walking around his local park, it’s a beautiful park which is huge and free to enjoy for all. It’s the sort of park which brings much joy to many people, and you can spend a lot of time just looking at the beautiful young nannies the wealthy families hire to look after their kids …(don’t get distracted)… Anyway.. He mentioned that he was leaving the park some money in his will he enjoyed it so much. I asked “Why not leave them some money now?” He didn’t seem to like that suggestion.

If you are waiting to accumulate x$ before you contribute to society then what makes you think your attitude will change then? Don’t wait, contribute now.

I made a post on Somersoft http://www.somersoft.com/forums/showthread.php?t=17110&highlight=utility
which I think has some relevance. $100 to you might mean you can have a nice meal at a restaraunt, $100 to another person might mean they can buy their child schoolbooks for the term. Huge difference in the happiness that $100 brings to the world.

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 13, 2004 - 11:56 pm

Oh, and I look nothing like my avatar.

I park that in “stealth mode” so as not to disturb the locals of this weird planet.

Cheers,
WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 13, 2004 - 11:55 pm

I will bring my name tag just in case (business card in a plastic holder).

The only other seminar/event I went to I found that the organiser of the “afters” was somewhat let down by people changing plans and having to go and do other things. I wouldn’t worry about making anything to formal with bookings, but just have a drink afterwoods and take it from there.

Cheers,
WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 13, 2004 - 11:52 pm

Originally posted by Stuart Wemyss:

The St George Portfolio isn’t bad so long as you don’t change anything too often.

Cons
– All properties a cross-secured (i.e. one big loan with sub accounts secured by all properties).
– Break fees of $1,000 for the first 3 years.
– Fees if you add another sub-account. E.g purchasing another property would cost $100 (new sub-account) + $395 (increase) + $205 (val) = $700
– Additional monthly fees for each sub-account ($12 p/mth). I.e. 3 sub-account would cost $12 * 3 * 12 = $432 p.a.

Pros
– Interest rate discount of 0.70% (if borrowing over $500k in NSW & ACT or $250k in other States).
– Very user friendly

It sounds like other professional packages like ANZ/CBA/NAB might be better now and into the future.

Fixed rates might be ok but just realise that you’ll probably be financially worse off. It’s like paying insurance. See http://www.prosolution.com.au/articles/fixed.pdf

That’s my 2 cents!

Cheers

Stu

Stuart,

I’m refinancing with St George and one of the big plusses is that I’m uncrossing my properties, which should give me greater options in the future.

So far they seem to be offering an excellent package, I will let the forum know of my experience a few months down the track though.

Cheers,
WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 12, 2004 - 12:52 pm

I will be there, and staying for a drink afterwoods and dinner if anyone is going.

Cheers,
WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 12, 2004 - 11:30 am

Hmmm, That was meant for the cashflow evening thread:)

BIG is great Come along to that as well!

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 12, 2004 - 11:28 am

I remember playing my first game of CashFlow only for Sunstone to escape the rat-race in record time..

Funny thing is he made a killing in the share market…

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 5, 2004 - 11:11 am

Originally posted by richmond:

oh, good point, I’m clearly an absent minded fool hehehe…

okay then, so I can save some face… what about Bondy when he appeared “mentally ill” at his trials? I guess at least Bondy stayed and went to prison though, so maybe that redeems him slightly… mind you, he’s flying again these days and is making millions again…

cheers
r

If you read Paul Barry’s books about Bondy you might not have this view. Bond is an even bigger crook than Skase and there is nothing at all redeeming in any of his actions I have seen. This notion that he gallantly served his time for the crime is misplaced.

Bond served a day for each million he stole from ordinary investors I understand.

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 4, 2004 - 12:16 pm

I went to a seminar last weekend that cost me $770. A year ago I wouldn’t have even considered spending that much on my own “education”. Now I have a much finer appreciation that quality education has a very high monetary value, and it indeed might be worthwile spending a fortune on yourself if you are seeking to make a larger fortune. Such education expenses aren’t limited to attending seminars, they also include books, mentoring, employing professionals in various fields to help you etc etc.

When does the amount a presenter charges cross over from honest reward to greed? How many seminar participants must you have in the room before you are just looking for the $$$ and not the maximum return for your participants. I’m not sure.

I think it’s a very individual thing whether a seminar if worth the money to you, and how much you should spend. Your answer will be based very much on your own personal goals. If you don’t have goals and you are looking for the next get rich quack scheme then you are likely to be disapointed.

WaySolid

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 4, 2004 - 11:54 am

Would you walk into a shop and make fun of the salesperson? (Even though you generally respect them)

Perhaps the right attitude is not to be intimidated or to make fun of them, but somewhere in the middle.

How about treating them like somebody who deserves respect, even if they might appear hopeless at their job. Tends to work well with most people.

WaySolid

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 1, 2004 - 1:17 pm

I like the cover.

It will be a definite purchase for me when it hits the shelves.

Now I’m taking out my trusty calculator and comparing the 1 million in 1 year claim (McKnight) vs the 10 million in 10 year claim (Spann). All other variables being equal then Steve’s claim is by far the more ambitious considering CPI and compounding.

WaySolid

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

April 17, 2004 - 4:43 am

I just learnt that you should wear your seatbelt ($105) when passing a police car, never wear thongs with no grip on a wet pavement, and make sure your car tyres don’t become bald ($75). Today has not been my best day