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At long last! After 4 days of only getting to the front home page, I finally managed to get into the forum and what peace it is to find that others have been having the same problem! Still having trouble getting back to the general discussion after posting a reply though!
Looking forward to the improvement Steve!
[8D][
]reggie,
do not become emotionally involved when looking for an IP. do the due diligence and if the area is stable, the rental outlook is bright and the numbers add up, then looking like a “dump” could be to your advantage. it also offers the prospect of improvement through renovations.
cheers
[8D][
]hi battz71
Rich Dad’s Prophecy to me – set in usa, super funds of individuals basically in share market, cash in shares to survive (like pension), but as more and more baby boomers dump shares to convert to money, share prices may go down, requiring more shares to be converted to cash and so the prices may tumble. Questions? Will their super funds see them out? What will their quality of life be? Who will buy the shares being converted if there are less and less in the younger age brackets (inverted pyramid of age groups).
Made me think, recommend you read on afternoon.
[8D][
]hi stoph
some towns also have their own website (local council/tourist bureau) if you do a google search on them. we checked out some towns this way and found some interesting information.
cheers
[8D][
]hi!
Late 40ish, think like a 25 year old. Owned PPOR 20 years ago and wondered what to do next! Wish we had the benefit of hindsight. Realised that pension may not exist for those of us born after late 50s and listened to parents having difficult time on pension. Bought first IP 6 years ago and have bought and traded some more since then. Our sons, (10 and 12), want to buy their first IP now with their paper round and pocket money!
Good Luck to everyone
[8D][
]hi galvie,
Good on you!
I’m also a teacher but work with primary age students in a public system that is outcomes not content focussed – very fortunate!
Our two sons are involved in every family business meeting and kept informed of what we are doing. Their input is valued. They started playing cashflow for kids several years ago, and now love playing cashflow 101.
My son’s college has an investment/stockmarket extra curricular activity once per week for those interested – sort of a game.
At school a few years ago, my year 2 class made a special book that they wanted to laminate. It was to cost $35 which we didn’t have, so we set about fundraising in our school of 300 students. For one week, a different group each day would make, bag and sell popcorn. Then they had to count the money, take out the float and prepare for the next group’s turn. We also had a one off sausage sizzle. At the end of the week, we prepared our balance sheet of income and expenditure, and of course profit. We raised in excess of $150 which paid for our laminating. The rest of the money we played with during maths lessons on money. None ever went missing – it was “their” money – unlike the plastic play money that always disappeared!
Eventually after much class discussion, we took our remaining profit and bought items of need for our class – dressup clothes from St Vinnies $1 day, games for our class – no doodads!
It was a valuable lesson for seven and eight year olds in how to get what you want. Yes, they are never too young if you explain it in terms that they can understand.
Our students definitely need more financial education – it starts with parents and then in partnership with teachers.
Keep up the good work
cheers
[8D]“Minds are like parachutes, they work best when open!”
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]hi simon,
with regards to a professional library, as a teacher i keep a list of all books purchased with yearly updates, and give it to my accountant to sort out. there is depreciation to be claimed, so check it out.
cheers
[8D]Hi everyone,
Next Cashflow 101 game is on Friday 12 September – all invited. 7pm Guide Hall, Stuart Tce, Alice Springs – see you there!! You too Sooshie!
[]Hi Mauricio and welcome to the forum,
What exactly do you mean? Could you give me a bit more to try to answer your question?
Cheers
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