Hi all,

One question I did omit to ask in my post was, when you say “retire a millionaire” are you saying with a NET worth of one million, or one million in liquid assets.

I would really appreciate some clarification here folks.

Cheers,

Jo

Well it’s not really PI stuff at all (shame, shame, shame) [blush2][blush2][blush2]it’s actually an autobiography.

Who’s you ask??????????

Billy Connolly; man what a story!!!

Ain’t gonna learn much about investing in that book you say?????….[blush2] I know, I know, but at least I will know more about (IMO) one of the world’s greatest…[Read more]

Don’t believe her……if you saw the difference between mine and hers, you’d wet yourselves (over my one)!!!!

Jo[blush2][blink][blush2]

Karl and Rita,

I take it back, forget about the post of mine, which you may or may not have seen, anyway!!!.

Lizzy just send me her AWESOME repayment calculator, and believe me, the girl has talent!!!!

I am sooooooooo ashamed, [blush2] mine looks like dog do-do in comparison [blush2][crying][eh] And to think I could have been sooooo stupid to…[Read more]

Hi Lizzy,

Thanks for your post. I originally posted to Karl and Rita’s question, stating that I too had devised an Excel spreadsheet, which albeit basic, was helpful as a guide. However, as I felt that the only thing lacking in my “masterpiece” [laugh4] was the P & I part of the calculation, I deleted my post (so as to avoid any…[Read more]

Hi Kay,

Thanks for posting that article. Interesting, but I guess not surprising. I often have a sticky at http://www.realestate.com.au, as well as flick through MPG and my local paper, only to be amazed at how far properties prices have actually come down. It is sad, but then, it has to rain sometime, doesn’t it?? Things will turn around again but…[Read more]

Marc,

To answer your question re these two people’s success in achieving “status”, IMO Mr X has not been successful, whereas the philanthropist, due to his good deeds in helping so many, definitely has. But that is only MY opinion; they themselves may feel otherwise. And at the end of the day, as long as they feel as though they have been heard;…[Read more]

Okay…..that’s cool.

As long as you are happy with what you have achieved, irrespective of whether it is on personal, financial or status level.

Cheers,

Jo

The definition of success???

IMO….

When you are can sit (or stand) back and look at what you have achieved and be proud of yourself; whether it be on a personal or financial level.

As the question is subjective, there cannot be a right or wrong answer; it will vary from person to person.

Either way, whatever you view success to be, wherever…[Read more]

Hi fjficm,

I haven’t invested in any of those areas, although I have heard/read somewhere that Werribee is on the upward climb (I haven’t seen this happen, but it is being tipped). It may not be a fast move, but apparently it’s increasing in popularity as it is still affordable for many FH buyers.

I would imagine REA such as Ray White and the…[Read more]

Thanks Rob,

I know what you’re saying, and the key word here, which can be easily overlooked is “risk”. It is not for everyone, and certainly not for the conservative investor such as myself.

Cheers,

Jo

Tinkerbell,

Let me share one “bad, tenant from hell story” with you. I was like you once, lost money with a “non paying tenant” so when I finally managed to get him out after failing to pay ANY rent for 8 months (by the time I went to the Tribunal) I decided that “the next time would be different”………so what did I do?????

Next tenant moved…[Read more]

Hi Marisa,

Oh okay…….well there are a few ways, without having to fit the whole house/unit with all the mod-cons, i.e. heating, cooling, built-in-robes, new hot water system, carpet, fresh coat of paint and so on. All of which cost money, but are tax deductible, add value and make great justification for an increase in the rent.

Check out…[Read more]

Originally posted by EGA2LRN:
So where are these positive cashflow properties. I am relatively new to all this. I have a tenant moving into our first IP in regional area of vic (purchased 2 weeks ago for $175k) Rent is $195 pw. We are intending to build 2 3brm units on back in the not to distant future.
Where are the areas of +ve cashflow in…[Read more]

Hi Marisa,

You need to decide which is more important; the money or the IP. I realise that you are emotionally attached to your IPs (I am the same) and if the potential for growth is continually increasing, then the decision becomes even more difficult. However if you need the cash, you sometimes have no choice.

Basically, it really boils down…[Read more]

Originally posted by redwing:
How to retire a millionaire

1. Save Regularly – Sounds simple and it is. All it takes is for you to save a regular amount each month and you will get to a million dollars. If you pay yourself first (ie save and not deviate from this you will do and remember the earlier in life you start the the quicker it will…[Read more]

Originally posted by kay henry:
Maybe Marc reminds you of a purple bath, aussierogue? [biggrin][blink][hair2][hmm]

Hey, there’s that purple bath again!!!!
What’s wrong with having a purple bath, as long as it holds water, it can’t be that bad, can it???? [blush2][blush2]
I keep tellin ya guys, if you find one, call me!!!!!…[Read more]

Originally posted by Brenda Irwin:
Took me a while to learn the ‘sum’ button was a backwards ‘E’ tho. Who designed this program?

I would imagine whoever it was the designed the program (not sure which program you are referring to but nevertheless, its designer) has obviously employed the “sum” button or as you call it the “backward E” symbol,…[Read more]

Awwwwwwww ………that’s sooooo sweet [blush2][blush2][blush2]

I remember you; I can’t remember your username at the time, but I know your posts, and the style you use…..that’s why I’m glad you didn’t take me seriously.

Tea and bickies, sounds yummy!!!!

As for the stars, no I had no idea, and is a refreshing thing to ponder in today’s…[Read more]

Originally posted by Salubrious:
But did you know that for every $100 earned in the pocket of an Aussie worker, we also borrow $130!!

Yes I know [blush2][blush2]……….it is both a sad thing, and a good thing too (for the sake of our economy).

Jo