Mid-life crisis

See, property investing doesn't have to be boring.

Haha!!  I am of the opinion there should be a meeting of the key players on pi.com.  It shall be conducted like a celebrity heads style game.  Yes.

If we had the meet up then it would have to be on an initial condition of anonymity.  Later in the evening we could have a competition to guess the pseudonym of each guest based on their psychological condition, with more drinks as the prize for correctly guessing a guests identity.  The main question is whether the location was in a CF+ or Negative Geared place. I am leaning towards a Negative Geared joint as they are easier to get to and wont involve a six hour drive.

So I will nominate Brisbane as the preferred location, then Melbourne(tax deductible trip down there to inspect my IP).  Sydney is no good, Perth, Adelaide, Hobart and Darwin don't count.

The other condition would be no firearms.

Hi Possumpal,

What is your annual passive income goal, and how long before you are 40 years of age?

From what you've stated it seems that you still have plenty of time left, and a fair bit of equity to play around with

Finished school in 2003 at 18 years of age?  Now 27 years of age? With $200,000 equity? And 13 years left?

Seems like a pretty good position to be in

Have you considered setting up a business in a field you are passionate about?

My last preceptor mentioned that starting up his own business was one of the best decisions he has ever made, and he is getting +30% ROI

Imagine what your $200,000 would look like in 13 years if you could get those kind of returns (or even a fraction of those returns)

$200,000 x 1.3^13 = $6,057,502.132!

Road trip would take tooooooooooooo long. Ever REA along the way would be another stop looking for the next deal.

You are not having a mid life crisis !

What is happening to you is you have woken up to the fact that working for a wage sucks.

You most likely if you are like me feeling that you are entitled to greater achievement in your financial life

This is what makes you different to most of the population !

You need to plan how to gain two properties a year over the next ten years.

KNOWLEDGE – makes a big difference. I am reading The art of the deal – by Donald Trump

I wish you all the best with the new business. Don't let $150k discourage you. Better to take a risk and fail then grow old and wonder what if.

I see an opportunity here Richard…..

A little pay back on the kids after years of early morning feeds, sleepless nights, changing dirty nappies and constantly picking up 'stuff' up off the floor! 

Just got to start stocking up on adult size nappies….

Jack

Could you explain what you mean by this?

You can’t be thinking about work at 3am? When do you sleep?