Planning on the back of a serviette….

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Jpcashflow
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@jpcashflow
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May 9, 2012 - 6:35 am
Engleo good work – Man cash flow i hate cash flow issues!!
You get a on a roll then the money starts to get dry,
Its tax time soon so i hope you have some dedecutions to help out
Jpcashflow | JP Financial Group
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Solomon10
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@solomon10
Join Date: 2010
Post Count: 135
May 9, 2012 - 4:30 pm
Definitely sounds like the deals are still out there for those looking hard enough, and the media doom and gloom hasn't encroached too far into the members of this forum. Good to hear!
EngeloRumora
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@engelorumora
Join Date: 2010
Post Count: 618
May 12, 2012 - 12:15 am
It takes time and effort to find them but they are definetly out there.
Solomon10 wrote:
Definitely sounds like the deals are still out there for those looking hard enough, and the media doom and gloom hasn't encroached too far into the members of this forum. Good to hear!
EngeloRumora | Ohio Cashflow
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F@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
Terryw
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May 12, 2012 - 3:32 am
Solomon10 wrote:
Yes, i know it sounds pessimistic but i always look for the worst outcome before what is the best outcome. More profit won't hurt, but less profit or no profit at all will definitely hurt the bottom line.
This is not pessimistic but smart. There are several 'what ifs' that you should ask yourself before any investment.
Besides the financial ones such as "what if I can't sell" etc there are legal ones:
1. What if I were to become incapacitated, eg. in a coma
2. What if I were to die
3. What if I were to go bankrupt
What would happen if one of these happened to you?
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Solomon10
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May 12, 2012 - 6:35 am
Most definitely, i think that is why a lot of mum and dad investors fall over, rushing into things because someone at a barby told them to. At the risk of getting analysis paralysis everything must be thought through and taken into account first. A good point to make Terry, i wonder how many people have a few IPs and no income protection insurance, what would happen if they are negative geared and find themselves injured or jobless?