This family has got it worked out.
They have "optimised" their expenses which has enabled them to focus on their priorities and be able to spend 4 days per week at home with their family.
IMO all that other "stuff" doesnt really matter eg
- brand name expensive clothes
- keeping up with...
Thank you Terri
If I were to physically distribute the funds can that beneficiary legally give the funds back to me so I can pay off my ppor? Is that kosher?
Hi All,
I wish to sell shares purchased within a family trust and use the proceeds to pay down my PPOR. I would obviously like to minimise CGT!
For round numbers lets say that I have a portfolio worth $300k with $100k profit.
I have approx $100k Profit (CGT) to minimise and could...
I have read the Tim ferris 4hr work week. the two things I liked out of it was the idea of an automated "product" type business ( as opposed to a service business model that requires a lot of your time) as well as testing the market before you invest.
Sorry correction, I have re-checked the maths as it did not look right. The missus and I would need to work an average of 1 whole day per week (not 2) to cover the $40k pa expenses! :D
cheers
Thanks All for your feedback and suggestions!
PT Bear you have put forward some strong views re the disadvantages of LOE, mainly around securing finance with low servicability (even though equity might be ok) once the $560k runs. Thanks for your views. Is it still your view that Cashbonds wont...
Yes I am probably a mixture of brave and dumb but these attributes are currently outweighing my dislike of a J.O.B.
Would be good to as a minimum take a year off and see what happens.
Can you show me an example of a strategy of how I could do better with shares, ie sustainably support $40k...
Hi Terry,
I definitely wont be sitting on the lounge all 9 years!, would plan to generate some income somewhere (If not I could ask the wife to go back to work and support us while I stay at home :D)
Yes super should kick in about 28 years to pay off some loans and then maybe live off rent...