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My assets have an adequate value to generate income for my modest requirements. For me, my wealth goals are satisfied. There are important elements to my life - not financial - and I am now concentrating on them. As the asset base will grow in value faster than I draw on it, it will of itself...

Apologies, Mark. My thoughts were not clearly expressed. I totally agree about the value of somersoft. My comments were relating to when one has achieved financial goals and, as an individual, no longer requires somersoft for that part of one's life. One could cease participation and concentrate...

With all respect, Mark, I don't think it needs a thread. Financial freedom just tidies up one tiny, tiny part of your life and everything else is the rest of your life. If anything, a reason to stop somersoft altogether! regards,

I already don't know what do with myself. :) I imagine I will always have as high an LVR as possible; even if the actual debt on which I'm paying interest is a lowish LVR - say 30% to 40%. And there is a "shipload" of other funds undrawn. I've enough assets already and it will grow of...

Thanks for the insight, Monopoly This thread keeps getting better. You know, for me, I can't imagine a LVR of 0%. There are many ways; we are all different.

From House_Keeper, Or the ones who are truly LOE (not working) just aren't posting here. The ones working maybe choose to work; though maybe are yet to achieve fulltime LOE? regards,

another risk Not working :D

Reminds me of Kiwosaki's line something like "the difference between a successful investor and an unsuccessful investor is managing the risk". Simon seems to think very much like me. I think we have very similar approaches. For my part, I've learnt a lot about what I'm doing and I've...

Yes, amen, brother Simon! We're all different and there are many ways. This is very right for me now. It is life changing stuff.

I'll take the 70% of $10,000,000 every time. But I won't 'spend' all of it...

kph wrote I haven't all the figures on me - but basically the yields are modest. They are increasing a very little but certainly not in line with the recent very strong capital growth. However, the expenditure is comfortably less than the funds 'created' from equity. I'll always have debt...

Thanks, Rixter. I haven't grown too much; rather I'm wary of encouraging others to do the same.

caveat With regard to my post just above, and I pre-empted this with the last paragraph, I recommend no-one do as I have done - more or less in ignorance - WITHOUT getting either some expert advice or gaining some expert knowledge. So that one has the correct structure, use of equity, risk...

Living off equity still an option Rixter & kph, Work for me is in an engineering office. I'm employed on a contract basis. And, yes, this is after retiring last year. There is a desperate shortage of skilled people ATM and so I was rather easily lured back to doing work that I truly enjoy...

not yet ready Well, Simon, wish I could say I was living off equity; but I'm definitely not. Still working nearly all of the year. Basically, it is `only` the mental step to conquer. I know and understand that, am working through it at my own pace. Like I would so often be answered in...