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It all depends on your circumstance. Personally I think it is actually good to buy properties with strong capital growth potential early and then focus more on cashflow later. 4x cashflow positive properties for the money will be extremely regionals with little growth prospect. At the start for...

Who says they will be paying all the outgoings? You may end up having to pay those to get someone in there. Also you cant claim the whole rent on tax. It's got nothing to do with how it is zoned. Unlikely the tax office could or would check but that would be the ruling. As i also said, this...

More graphs than a hobojoe post!

That sounds like it would be a ***** to rent out. Most people with that kind of money to spend would probably have their own place already. Also how many people really want to live where they work? Can't you just rent them separate?

Dude is single for the first time in three decades. He needs to come down to Sydney, get a bag of blow, a bottle of Jack and hit the strip clubs! :cool:

Invested in rurals. Sleeping on positive cash like a baby. :D

You need to get a massive line of credit, withdraw all the cash, lay it all out on your living room floor and then roll in it like you are making chicken schnitzel. Great feeling.

Hey macca, I feel sorry for you mate. Can't imagine the pain you must be in at the moment. I'm in no position to advise you but the best I can offer from witnessing other people go through losing a partner to divorce or death is that time will heal you. I wouldn't rush into anything if I...

Time to get off mums tit.

Sure, a good business will beat anything. How many business's fail though? How many just plod along and don't do that well? For every successful business there are hundred and thousands that never really make it. If you have a specialised degree though, even as a plodder it's not going to be...

With all that you would still be considered crazy over there if you did not go to college. Go look at what a trade earns over there compared to here. Those are the jobs for the Mexicans. They get paid about $3 an hour. Back to Australia. Here is something interesting for you...

Something interesting to also consider. The thinking you can get ahead without a degree is kind of unique to this country. I think it is because we have for a long time had a strong economy so business has been able to grow and our trades are paid extremely well. Ask this question on an...

Yep, all true. My wife is university educated, some of the people she works with are extremely average but have stuck at it and are now on very good money, over 130k easy. If they didn't have a degree and were average they wouldn't be in a position to be on anywhere near that. I have first...

True but it benefits of a university education is not for graduates. Places that require that qualification wont let you in the door if you don't have it. If you're not in the door you're not climbing the ladder. You start to see the real benefits in your late 20's and early 30's.

I didn't go to uni but I reckon your views are a bit silly. It's better to be a go getter above anything else but it is much better to be a go getter with that piece of paper in your hand than without. You read too many story books. Plenty of demand out there for university educated folks...

I would have a hard time trusting anyone who's surname is the colloquial term for drooping boobs.

Think carefully. Majority of the people you know, do their offspring end up a lot different to them? Do they have totally different values to what they were brought up with?

I work for myself. Not in a dominant paradigm as you put it. Not that there is anything wrong with having a good paying job either. You say you won't sit on the couch and do nothing when you retire but what will you do? Golf? Shop? Save people in some far off 3rd world country? Those are all...