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I'll second that "yeahhhh"!!! And if I may add, that there are many benefits (aside from the obvious financial aspect) to working. One which stands out the most, is a sense of accomplishment in fulfilling even the simplest of tasks. I believe boredom is a very real problem in retirement...

LVR = 0% is this smart??? Steve, I have been trying to respond to each individual part of your post here, and each time I try to "submit" I keep getting told there are too many "smilies" ;) in my response (mind you, I didn't even include ANY!!) So I guess I will have to keep it brief...

Of course you will one day, and then you won't know what to do with yourself!! ;)

Perhaps. :) For those that don't, allow me to spell it out....I've worked my ass off to get to where I am; I've had good and bad luck with boom and bust cycles, I've lost a little, gained a little more, but mostly I've created a level of financial freedom for myself (and my children) that...

:o Awww shucks Rix :o I didn't disappear, just busy helping to mend some of society's battered and bruised. When you focus on others, your own war wounds don't seem anywhere near as bad. :cool: This forum is a rich and vibrant place in itself, one that gives so much and asks so little...

That's why my "let's pretend......" thread (I was fishing for ideas) ;)

Thanks Corsa, and yes you are right of course. In that respect, I am not really LOE but rather LOI (income derived from the equity). Although I do re-invest a great deal of my income back into funding new initiatives in order to expand my portfolio (like most sensible investors) an LVR of 0%...

You want ALL the nitty gritty details Simon??? Hell, I don't think I can give you each little bit (I could try but geez, I'd have to write a book). ;) Nonetheless, I'll try and sum it up as concisely as I can, so here goes: For starters, as a youth, I worked as many as THREE jobs at once...

Relax Simon, no one person in particular. What (rather than whom) I am referring to, is the ease with which we as individuals can (and often do) become complacent in our interpretation of other people's behaviours, that it is often tempting to get cocky and play the "he-man" or woman, beating...

Rubbish, what you see is what people are prepared to show you, and that is usually a fraction of the real deal. Sure it is easy enough to beat one's chest and grunt like some primitive caveman (or woman) "uggghhhh....me big risk taker, you big sissy"!!! :p But I have to laugh, because I have...

Aren't we forgetting "acts of God" you know lightning bolts, flash floodings and locus plagues???!!! Ever heard of "the one you just didn't see coming"??? :o I think taking risks is great (but, as with most things, in moderation) and more importantly is the power/value in accounting for...

I think Seech summed it up perfectly "IT DEPENDS". You cannot assume one (50% LVR of 2 mill or 70% of 10) to be a "safer" option just because your asset base is greater. Granted, on the surface it may appear the more feasible option, BUT if all the other pertinent factors (ie. serviceability...

Making it a very dicey predicament to get yourself into IF you don't take into account your ability to service such a loan. How often have people been burnt because of NO/LO-DOC loans??? Especially in an climate that so highly favours taking out more and more "equity mate"!!! :o...