HI everyone!
I’m a newbie here and have been reading and learning for a few months now and love hearing everyones’s advice. A question I have though is how has everyone learnt the intricacies and terms that are used? I’m currently at uni studying a medical related degree so basically i can understand any strange disease term you throw at me (within reason!!) but when it comes to investing words e.g trusts (you can tell i’m very new!!) I have no idea what they mean and this limits what i get out of reading the posts. Does anyone have any advice about how to build my knowledge base? I’ve read a few books and am getting a little better, is it just a matter of reading and reading and reading? Thanks for reading my ramblings!!
Cheers, Tracey [
]Tracey, maybe you could put up a list of terms your not familiar with and someone will explain, or you could search thru archives.
BC
[
] (periorbital ecchymosis)Hi happytrace,
where abouts are you studying? by any chance is your degree in Health Information Management?
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”I’m studying in Sydney, doing Postgrad Physiotherapy, and its keeping me well and truly occupied, don’t know why i’m taking on learning about investing too!? Guess I’m a sucker for that sort of thing! Are you studying at uni too?
TraceyBC- I’m writing a list now, thanks for the suggestion and LOL for the medical joke!
Hi Tracey,
is there any chance that your degree in sydney is at the Cumberland Campus?
Are you studying at uni too?lol.. well i was, but due to change of interest, ive sorta given the course a flick.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
Trace, if you are a physio, then you are probably studying investment because you know the burnout rates of physios at a young age, and the high rate of 1stMCP jt athritic destruction and hyperlaxity, rendering it impossible to do manual therapy.
Bruce
Mooloolaba, QldHi Bruce,
Yeh unfotunately its true, my thumbs are already hypermobile so i’m doomed from day 1!! Hence exploring other wealth creating options!
cheers
TraceyHey Everyone
I too am a newbie as you can see by my number of posts. This is actually my first one. And this is my first question of many…what does PPOR mean???
I have also been looking on the net and in the paper quite often to find positive cash flow properties but to no avail. I gather this is quite a rare way to find properties and there must be a better way. Would you guys suggest talking to real estate agents and getting them to tell you of the potential properties one of the best ways to go.
Thanks
Kev
Hi Kevinsbacon
My advice would be to get out there and show your face. Ringing agents and emailing them in my opinion is a waste of time as a newbie (well it was for me) but showing my face and showing I was keen really worked. Agents get hundreds of emails and phone calls from potential investors every day. A investor in the office mite just get the a property b4 it hits the advertising circuit as most of the good deals aren’t advertised.
I hope this helps?
Regards Bear
Hi Kevin
PPOR = Private Place Of Residence. In other words where you live.
Regards
S.I.S – yep thats where i am, and have been there for too long!
S.I.S – yep thats where i am, and have been there for too long!i go to the same uni as you do…[
][][], where abouts in the uni you hang out?cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
Mostly on the grass or tables near that Bite me cafe. But this semester I wasn’t around much, there’s not much spare time unfotunately. What course are you doing? Thats a real coincidence!
Hi HappyTrace,
Was studying, HIM – Health Information Management, though, ive deferred and quit the course now, but kept studying and attending exams up till last week or the week before.
Do you ever hang out much in the Bar at school in JDK cafe or whatever its called?
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Did spend a bit of time there in first year but now uni life is pretty hectic so i’m either ina lectrure, tute or rushing between the two!! Can i ask you how you learnt all you know about investment and even accounting sort of stuff?? What books do you recommend?
Thanks,
TraceHi HappyTrace,
I just did lots of reading, and asking questions, though, my mum is PI and a professional accountant, she didnt teach me, but i kinda fell into it, its like maybe heridarty, i dont know really, but i just really enjoy PI and it really just gets me going.
Not many books i can really suggest, really its just going out there and learning the lingo from experience. Though i quite enjoy reading Margaret Lomas’s books, her books are well designed, book one teaches ya, its more like a begineers guide, followed by book 2 which is like an intermediate level followed by book 3 and so on.
Personally i think books are good to give you knowledge and creative ideas, but going out there, and purchasing and going through each step, you learn much better from experience, than reading.
hope this helps
s.i.s
Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”S.I.S,
Still jump to the net after last night discussion.
Cool body.
I would agreed with you regarding M.Lomas books.
Kind regards
Chandara
[Keep going, you’re nearly reach the end of financial freedom]
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