I hear this morning that Philip Lowe’s contract will not be renewed come September, and that a new governor will be announced later this week.  I’m not sure if it fills me with confidence just yet, but time will tell.  I imagine Mr Lowe will remain around until September anyway, occupying the Governor role for two more months.  After that, who kn…[Read more]

Ladies and gentlemen, introducing Judith Curry :-

https://www.youtube.com/watch?v=i4YUnZIKneY

This lady is a climatologist who has some very pertinent views to share.  I especially liked the part from about minute 26 where she mentions two useful alternatives to wind and solar.  One interesting point she made was this – if fossil fuels have l…[Read more]

Hi Toby,

An interesting question, and some good thought behind your words.

I feel like when the mainstream media harp on about something this much, there’s usually an agenda, and the opposite of what they’re saying is true.

Hehe, I wondered if your comment was too kind to the mainstream media – my thoughts re many of them is that they have no ide…[Read more]

Hi Toby,

You’ll be pleased to know that I’ve talked with Steve’s finance man, Chris, and he will be contacting you to discuss your situation.

In short, I gathered from Chris that what you want to do IS possible, just like Steve has said in the book, but that there are “rules and/or limits or ways to go” that Chris will advise of.  After that, I…[Read more]

Hi Toby,

You’ll be pleased to know that I’ve talked with Steve’s finance man, Chris, and he will be posting right here about this procedure, and also how to get in touch with him.  So watch for a further reply, and add the info in that to your toolkit.

In short, I gathered from Chris that what you want to do IS possible, just like Steve has…[Read more]

Hi Toby,

You’ll be pleased to know that I’ve talked with Steve’s finance man, Chris, and he will be posting right here about this procedure, and also how to get in touch with him.  So watch for a further reply, and add the info in that to your toolkit.

In short, I gathered from Chris that what you want to do IS possible, just like Steve has…[Read more]

Hi Charlie,

Thanks for that info.  And Toby, why not follow the book’s invite and check this all out with Steve’s Finance guy?  The book had a link that should still work.  If you have any issues, come back on here.

Benny

PS  I checked out the “Big Picture” topic and found a link that may hold a lot of useful info re Trusts – go her…[Read more]

Hi Charlie,

Thanks for that info.  And Toby, why not follow the book’s invite and check this all out with Steve’s Finance guy?  The book had a link that should still work.  If you have any issues, come back on here.

Benny

PS  I checked out the “Big Picture” topic (comes with your welcome PM) and found a link that may hold a lot of useful inf…[Read more]

Hi Charlie,

Thanks for that info.  And Toby, why not follow the book’s invite and check this all out with Steve’s Finance guy?  The book had a link that should still work.  If you have any issues, come back on here.

Benny

Hi Toby,

If you haven’t already, do devour pages 173 to 175 which lay out a lot of extra information re borrowing capacity.  One comment from Steve on p173 says this  –

“A personal guarantee is given by the director(s) to use personal funds to repay the loan if it goes bad.”  So Steve himself says such a guarantee is required.  The guarantee tho…[Read more]

The following cartoon had me splitting my sides – a golden pictorial comment from Brett Lethbridge, a well-known cartoonist.

https://content.api.news/v3/images/bin/000155924091cdcedf53ce7caf5b4ce2

And doesn’t it just “tell it like it is” !!

:)

The following cartoon had me splitting my sides – a golden pictorial comment from Brett Lethbridge.

https://content.api.news/v3/images/bin/000155924091cdcedf53ce7caf5b4ce2

And doesn’t it just “tell it like it is” !!

:)

A further 10% yesterday – when will it stop?  Or are we beholden to the rest of the world, and must keep our Rates high to keep those fires burning?  I hear more and more:-

– People living in cars (rental shortages and hiked rents forcing folks out of their accommodation)

– Businesses being hit with higher power costs along with mortgage i…[Read more]

Hi Ando,

We had a team meeting this morning and I brought up your post as one to discuss.  From that, Steve’s mortgage broker (Chris Berry) said he’d be happy to discuss things with you.  Though it is early days yet, he also mentioned an accountant with whom he has been interacting.   Once he knows they are open to new clients, he will likely put…[Read more]

All good Jezza.  There’s a lot to take in, and you won’t learn it overnight.  Allow yourself to grow into the role and keep learning.  Come on back with any questions that we can perhaps help with,

Benny

Hi Jezza,

Welcome aboard.  Property investing can be an exciting journey, but can also be risky, stressful, and even (for some) dangerous.  The best way to guard against all of the negatives is by educating yourself.  Here is a good place to start, but I would also suggest the following:-

1.  Don’t be in a hurry to buy “any old thing” (but of…[Read more]

Hi Jezza,

Welcome aboard.  Property investing can be an exciting journey, but can also be risky, stressful, and even (fro some) dangerous.  The best way to guard against all of the negatives is by educating yourself.  Here is a good place to start, but I would also suggest the following:-

1.  Don’t be in a hurry to buy “any old thing” (but of…[Read more]

Hi g4d,

  suggestion has been to pay into our Supers and maximise the 27,500 for the remaining 15yrs as the tax advantage is good.

On reading that, it sounds like a saving !!   Steve says often that saving to invest makes sense, but saving on its own won’t lead to wealth.  Many are trapped by the sound of “save Tax”, and end up in deals they per…[Read more]

Hi g4d,

  suggestion has been to pay into our Supers and maximise the 27,500 for the remaining 15yrs as the tax advantage is good.

On reading that, it sounds like a saving !!   Steve says often that saving to invest makes sense, but saving on its own won’t lead to wealth.  Many are trapped by the sound of “save Tax”, and end up in deals they per…[Read more]

Hi G4d,

Check your Private Messages…  ;)

Benny