Hey thanks learning guy. In an ideal situation, that’s exactly what I would do. For the last two years or so, I have been reading up and going to seminars about investing – property, options, sharemarket investing. Obviously I still do not know too much about it all yet, but my understanding is that is does take dedicated time to manage them. Due…[Read more]

Hey thanks foundation. I’ll look into that

My main aim in this is that even if the returns don’t “cancel out” my loan repayments, its still going to minimise those repayments, which is going to allow me to borrow more. Having that borrowing ability is going to allow me to get into the property market as well as run my business which is something that most 19 year olds haven’t even thought…[Read more]

Thanks ez-rent. Thats helpful. However, where can I find out more about specific managed funds and their providers? How can I find out which specific one is best suited for my needs and where to start investing in it?

Thanks Terry. I’ll talk it over some more with my mentors who know me personally as well. Thanks heaps for everyones help! I’ll let you know how I get on.

Tim.

I have no idea about Australia, but to my understanding, it is quite easy to get a personal loan in New Zealand. There are 4 or so big banks throughout the country and one in particular does up to $30k unsecured. I checked on one of their calculators on their website and I could easily get a $30k loan. I am on a high salary (NZD$34k/annum) for…[Read more]

Thanks for the replies!
I could save up and come back when i am 21, but I really do want to get into the market and start making my money (and other peoples money) work for me. 2 years is a long time and I’d rather work with the momentum I have now (and the freedom) to get property working for me. I want to be either financially independent or…[Read more]