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Part of having a business for older people means having something to do - even if they're not doing much. I think of what my mum does on a daily basis: 10:00am: wake up go for a walk 11:00am: get back home, shower and get changed and try clothes 12:30pm: go to her office in CBD, speak to...

Well in that case maybe we'll just never retire - I can't envisaging selling everything and just sitting there and relaxing. Without comparing ourselves and by no means trying to compare ourselves with the Forrests or Palmers of this country, I guess you could say the same about them.

Nah - I think our portfolio of businesses all self operate now though every 3 months or so you'd have to attend to some small issue like senior management throwing tantrums or something like that. Usually the only person who goes there is me, and that's because I want to eat/use facilities...

Business is the best way to generate that sort of income. What yield you going to get on your property? I'll give you 10%... does that sound good? Someone mentioned shares. What yield you want on that? 10% franked? Need a fair bit of capital to yield anything remotely necessary for comfortable...

It doesn't cost that much even if you don't have a PPOR at all. We can always live in commission flats, draw Centrelink and eat $2 sandwiches for lunch I guess. Even if you upped the ante, you can always restrict your expenses to $5 per lunch quite easily - last I checked a McDonalds 6...