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  • Profile photo of munjymunjy
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    Hi all,

    How does CGT apply in this case?

    Munjy

    Profile photo of munjymunjy
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    I purchased a property direct from the vendor and did not have to pay extra solicitor’s fees. But I do have a good relationship with my solicitor, so I do not know if that’s the norm.

    Wouldn’t it be mainly the vendor’s solicitor’s fees going up?

    Munjy

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    Dutchess,

    Sorry. All out of rich bachelors.

    DrX, the marrying into wealth is really only in jest.

    Munjy

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    Yeah, when you’re grey and old and don’t want to have to walk far to get to the toilet (esply when you need to go in a hurry!) 40sqm may seem plenty big.

    Profile photo of munjymunjy
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    GR,

    You’re absolutely right! Maybe my posts don’t count :P

    I’m sure some of them really shouldn’t anyway :)

    Munjy

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    Restart your internet browser? Or your computer?

    I’m no computer expert but these are always the first port of call for me.

    Sorry can’t help more

    Munjy

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    Is that how it happened to you?

    I still need to pass the Valued member stage. So i’m really just a rookie

    Munjy

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    I’m with Kay,

    They do a wierd musical routine. Kind of like a Bollywood movie, except… you’re in the middle of it. With as much info in it.

    I do find the angle with which Robbins looks at things occasionally insightful, but don’t find him too motivational. However, I’m sure he’d be entertaining to some and possibly life-changing for a few people. Perhaps the failing is mine, I do find that I’m hard to impress- maybe I’m just a wet blanket.

    Munjy

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    Originally posted by coastymike:

    I would ask your asset protection specialist what tertiary qualifications they have in either law or accounting or business admin.

    Even though it is clearly not a pre-requisite to become an asset protection specialist, what kind of benefits do you think they bring to the job? I only ask because a lot of people say to steer clear of solicitors or accountants for asset protection advice.

    As for a russian associate, they seem v. handy. Are they cost-effective? [ohno]

    Munjy

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    How come everything said above has to be mutually exclusive?

    Why can’t Steve be trying to make as much money as possible, yet at the same time, help others to make money? And at the same time get some more publicity? And at the same time be charitable? And… etc you get the idea… Maybe this is the kind of win/win deal he’s always looking for?

    Munjy

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    Whoa!

    Forgive me for thinking Stepford Wives.

    Munjy

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    Originally posted by hellman:

    So all you can really do is get the best lawyer you can.

    And the most expensive. What’s the difference if she/he is going to get half anyway?

    hmmm… am I being too cynical? …nah

    Munjy

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    Can’t wait until I turn blue.

    Munjy

    PS I only really replied to this thread so that I’d get one more notch. One more closer to that coveted veteran ranking!

    Profile photo of munjymunjy
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    After extensively reading John T’s website, I think people are concentrating on the word “cult” and missing the point.

    The main idea behind it is to highlight the inconsistencies in R.Kiyosaki’s stories and his supposed transformation from almost bankrupt to multi-millionaire. The “cult” is used to emphasise the way Kiyosaki gives his followers something to believe and blindly accept.

    Not sure if I agree with everything John T talks about on his website, just like I don’t agree with everything Kiyosaki talks about. However, John T’s site is a great read and for all the die-hard Kiyosaki fans a must!

    Munjy

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    Is it possible to find out what kind of expertise the mentors (other than Steve and Dave of course) have?

    How will they be matched up with the participants?

    Munjy

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    Dutchess,

    Anyway, I have talked to a solicitor about this, but it was at a pub and I’m sure she’d had a few drinks so not sure if this is totally true.

    Pre-nup (btw it’s called something else in Oz can’t remember -a financial agreement?) as others have suggested will protect what you bring to the marriage. After that it’s split according to the pre-nup. There is absolutely no way of protecting your assets from your spouse and to do so can cause all kinds of problems from the courts for trying to hide them. You must have full disclosure. And there are forensic accountants that can be hired! eek!

    If in defacto, you have to have everything recorded and make them pay rent, etc, so that it doesn’t look like financially you have a relationship.

    You could place your asset in a family member’s name, but that’s another kettle of fish. Not for everyone.

    I think that the answer to your problem Dutchess is to be interested in a richer man.

    Munjy

    PS I know someone who got divorced 2 times. He tells me that they even get a part of your super! Ouch.

    Profile photo of munjymunjy
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    Diggo,

    I have only briefly glanced over those websides Studiotraffic and Paidresponse. Correct me if I’m wrong, but do you basically make $2000/mth for surfing the web?

    How secure is this? Seems easy enough though! Just gotta leave my computer on before I head off to work :P What’s to lose?

    Munjy

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    Does Brendan have any qualifications besides having been mentored by Steve and Dave? What kind of real estate success/failures has he had in the past? What of the other 10 mentors?

    If he has made AND lost money, I’d be more interested in a mentor that has seen both sides of the coin. I’d be willing to learn off someone poorer than me, if they had the right experience.

    No criticisms from me so far, just want more info before spending my money!

    Munjy

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    Ubique,

    I hope others have better suggestions, as this is all I can think of.

    Rent the property out for a little while before listing again. Sometimes, if a property has been on the market for a long time, people will stay away from it thinking that there must be something wrong with it. Esply if you’ve dropped the asking price from 310k to 240k (is that right?). I know others who have used this tactic to varying success. At least when a prospective buyer asks, how long has this property been on the market, the agent doesn’t have to say, “over a year” (cringe!)

    Maybe spruce it up?

    Hopefully there are better ideas around.

    Munjy

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    Mkc,

    I’d like to echo everyone else’s congrats on your creativity, but also to say that it was also your perseverence and determination that allowed this to eventuate. Inspirational.

    Munjy

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