Search results

Got baited into an argument with the communist crew

No CGT at all since asset hasnt sold. Whether the interest on 375k is tax deductable or not depends entirely on the purpose of the expenditure. Buy investments with it and its deductible, buy other stuff and its not. You dont pay any income tax on the 125k if thats what you're asking...

So LOD (living on dividends) is the trend now? If someone had set themselves into an LOE structure would they now be screwed due to Geoff's remarks about reduced bank willingness? They'd just have to come up with another exit plan since presumably they'd have equity, right? (Similar to LL's)

So its been a couple of years, anyone doing this now that wasnt during this thread's days? By 'this', I mean utilising a LOE model.

Then I'm certain it's time to don your author hat, Mr Dazz.

The solution to your problem, 'Want2bewealthy' is to find more hobbies. If I had the resources to retire today I'd do so in a heartbeat (I'm 28).