Search results

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...

Hi has this changed?, the Dale GG book Trust Magic 2009 talks about $2,666

Whoops! I forgot the 50% discount rule so I will only have $50k to minimise (not $100k).

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...

Hi mate. Great post and agree 1000% with your sentiments about freedom.

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.

Turning 38 this year, however have had the goal of escaping rat race for around 15 years.

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...

Ok totally got it now - thanks This is a tax minimisation strategy used only when I am earning an income from renting out my PPOR whilst travelling

Hi Virgo, thanks for the suggestions:

Hi Sheryn cheers

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...

Im a little bit lost....

Sorry to hear about your experience, were you properties all in Queensland? My properties in queensland declined /stagnated recently but others located elsewhere in other states have appreciated. I guess its good to diversify in different areas. regarding taking an extended break, I think it...

Hi CJay, could you show me a mathematical example of how I could borrow $560k at say 7% interest and then generate $40k pa to support my lifestyle via the Index Funds / LICs etc? thanks

Hi ok180, I guess it depends what cost of living your asking the half million dollars to support, ie its definitely not going to support a Hollywood superstar but it might support someone who needs just a bit of extra cash on the side. Note I have more equity than $500k but I am using this...

Hi Jingo. Yes I have considered working part time to fund my living costs and as mentioned will most likely earn some sort of income to fully or partly fund my living costs at some stage, however would as a minimum love to have a year off I have also considered investing in shares, however...