All Topics / General Property / WealthScore…. How Did You Go?

Viewing 20 posts - 41 through 60 (of 141 total)
  • Profile photo of ValleyGValleyG
    Member
    @valleyg
    Join Date: 2007
    Post Count: 2

    A useful tool, scored 2643 can't quite afford to retire at 28. Will be interested to re-evaluate over the next couple of years and track my progress.

    Profile photo of simplesimple
    Participant
    @simple
    Join Date: 2006
    Post Count: 237

     -33, hm, we better start investing !
    On the other hand, i do not think I will ever retire unless due to sickness ….
     

    Profile photo of the_maddogthe_maddog
    Member
    @the_maddog
    Join Date: 2005
    Post Count: 16

    Thanks for the feedback Steve. I wasn't too concerned with my score at -820, as it needs to be put in context of your goals and timeline. My goal 18 months ago was to be able to afford a family home without saving for a deposit. Using the FHOG and $10,000 loan my partner and I purchased a townhouse which we renovated and sold for $60K profit which enabled us to buy our dream home without paying LMI. Next step is to generate more income which will hopefully happen as I am about to start my own business.

    P.S. the business will be designing websites (low cost, fast turn around), so if anyone is looking to update/improve their website, then please drop me an email ([email protected])

    Profile photo of DaviddanaeDaviddanae
    Member
    @daviddanae
    Join Date: 2005
    Post Count: 64
    Profile photo of Dipsylala2Dipsylala2
    Member
    @dipsylala2
    Join Date: 2003
    Post Count: 2

    Scored 4741. Can survive till 2020. Looks like i can't retire yet.

    Will keep working on it though.

    Tracy

    Profile photo of dannadsdannads
    Member
    @dannads
    Join Date: 2003
    Post Count: 37

    900 for me, got some more work to do!

    Profile photo of kaz101kaz101
    Participant
    @kaz101
    Join Date: 2005
    Post Count: 45

    2817 here, which means we can last until 22nd May 2015 (my husbands 55th birthday!)

    It is thought provoking…. Need to up that score though so that we can stop the 9-5.

    Profile photo of vmellivmelli
    Member
    @vmelli
    Join Date: 2005
    Post Count: 1

    Hi,

    My score was 2169 – only the start. 

    regards,
    Vicki

    Profile photo of The SnorklerThe Snorkler
    Member
    @the-snorkler
    Join Date: 2007
    Post Count: 5

    ca. 800

    I need to lift my game for sure. But approach was a little simplistic since Im on highish salary in London but manage to blow it all on lifestyle :-D as you do in Londontown.

    Profile photo of dmvdmv
    Member
    @dmv
    Join Date: 2004
    Post Count: 7

    I got 1092,

    Not sure how accurate it is as I had to adjust our income to our living expenses as we live on about a third of what we actually earn….. Then it was difficult to determine the value of our business and also the value of some assets we hold that are not easily liquidated but will eventually return an income……. And I truly have no idea how much we have in super as it is not an investment vehicle that I put much faith in…… So I guess I still have alot of work to do to make sure that when it comes down to it we truly do have financial security.

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    I got 893 although I put an annual salary of $60,000 as I do not have an annual salary of  60,000 due to looking after my two kids so I can't work full time or invest / develop full time.
     
    The Bad news is I will lose my tenant this month ..

    The good news is I will be able to charge the market rent now for the future new tenant and pay off my investment loan faster as the rental demand has gone crazy lately.

    Profile photo of ffc1883_1996ffc1883_1996
    Member
    @ffc1883_1996
    Join Date: 2007
    Post Count: 24

    Hi Steve,

    I appreciate your idea and hard work but I'd be interested if you could work on the "WealthScore Mark II". This is because the current version of Wealthscore assumes that you spend all of your income on your personal life. This is not the case for those who, like me, are in the negative gearing camp (sorry Steve but there are still a few of us out there).

    There's also the likelihood (as posted above) that even if you liquidate all of your assets, you're unlikely to stuff the cash under your mattress. Many savings accounts provide returns that are higher than inflation – even if you need access to the cash almost immediately.

    Regards – Ben

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    According to my score i would be able to survive until 2026 (At which time i will be retired again and living off Super and investments anyway) however there was no allowance to factor in "wife shopping" as an expenditure item which might cut it back by around 10 years.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    0-40 Properties in a decade with an unencumbered value of over $35M. Email for a copy of my API article

    Profile photo of amandasimpsonamandasimpson
    Participant
    @amandasimpson
    Join Date: 2007
    Post Count: 3

    Wealth Score what a brilliant tool I received a score of -251 and this shall be useful to monitor for better scores in the future.

    Profile photo of Simon CSimon C
    Participant
    @simon-c
    Join Date: 2004
    Post Count: 52

    Well not bad 813, we know we are well on the way to where we want to be. Excellent little tool to give you another perspective. We've always keep a portfolio spreadsheet on our net worth as a way of measuring our success, and update this as things change. Obviously like the wealthscore you want it to be getting larger not smaller!

    Cheers
    Simon

    Profile photo of cyclistcyclist
    Member
    @cyclist
    Join Date: 2005
    Post Count: 55

    I have got 666.  This is combined withmy wife though.  I'd still love to give up my daytime job though.

    Profile photo of madeinitalymadeinitaly
    Member
    @madeinitaly
    Join Date: 2007
    Post Count: 47

    I just got 442, bugger! I thought it would be more
    Andy

    Profile photo of debra anne pacedebra anne pace
    Member
    @debra-anne-pace
    Join Date: 2007
    Post Count: 2

     I got 3436, I guess that is good. 

    Profile photo of debra anne pacedebra anne pace
    Member
    @debra-anne-pace
    Join Date: 2007
    Post Count: 2

    How do I find a property Banker – I want to sell a property – but to a lng term invester – As I then want to reinvest the profit.?
    Deb

    Profile photo of m.pulleym.pulley
    Member
    @m.pulley
    Join Date: 2006
    Post Count: 45

    I think the wealth score assesment page needs changing.
    It even says well done when your score is -1480.
    It should say OOOOPS! but if I change my PPOR to investment then I geuss things would be different.

    Yep just as I thought,

    score is now 904..

    Whew.

Viewing 20 posts - 41 through 60 (of 141 total)

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