Doesn’t the calculation imply you need every cent of your current income to survive? ie, assumes you aren’t saving any of it
I could double my wealthscore by taking a job that paid half as much as my current one
i resorted to cheating [}] and found an answer at the bottom of this page;
But i don’t think that much has changed except public perception. ie. we are now more ‘scared’ than ever because of media hype. eg. society is probably not more violent but we are more aware of violence and therefore we are not as carefree as the good old days
That’s sorta what this book talks…[Read more]
I work in an insolvency firm so should be able to help you 
Your bankruptcy only applies to all personal debt as at the date of the trustee’s appointment. So, the only debts you need to worry about now are those incurred after the date of bankruptcy. (ie, you shouldn’t have any ‘past/unknown’ debts)
As for your credit rating, i am…[Read more]
Music is even more exciting then investing!
Everything has it’s place, but some of the best stuff ever comes from The Doors, Led Zeppelin, Pink Floyd, Metallica, Soundgarden (+ anything with Chris Cornell), Jeff Buckley, Jeff Beck, The White Stripes, Eric Clapton, Dream Theatre, Faith No More (+ all other Mike Patton stuff), Hendrix, Queen, Nick…[Read more]
Your course sounds like it has some interesting material.
One thing I don’t believe however is that it can teach a person to return 43% p.a without taking more risk. If you can consistently do this, then you will be the richest person in the world before too long.
You could manage a fund that pays out 30% a year. This would attract b…[Read more]
I think the book that everybody should read is Buffettology. If they have read it then they should read it again.
‘it’s the fundamental analysis part that i think is boring. Reading annual reports, and such.Having to have an encyclopaedic knowledge of the economy and always reading the financial section of the newspaper’
Buffettology will tel…[Read more]
I’ll have to disagree on your point that fundamental analysis does not work. Warren Buffett has done ok for himself. I think you have simplified fundamental analysis into the idea that stocks are merely bought and sold based on there ‘value’. Followers of fundamental analysis seek to buy the right shares at the right price. A stock being…[Read more]
I guess it is just part of the risk of property investing. Therefore effective risk management is the key – this might involve holding some cash reserves as a buffer.
Steve’s book talks about the importance of the tenants in property investing. I think his point is that the better the situation is for the tennant, the less likely they…[Read more]
I notice you have posted the same thing here at the Stockcentral forum;
clearly you are the affiliate? you don’t seem to mention that in your post.