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Orks, the formula for success in what ever path you so choose = 80% mindset x 20% strategy. In other words how you think is four times more important than how you intend to doing it! With this in mind I dont hold much confidence in your business succeeding with your current scarcity...

Yep thats it Orks..making money and attaining financial freedom from investing is simple but it's not easy. The process is not complicated its just people who tend to complicate it. Anyway from your perspective, what have you done in the investment world? Are you financially independent...

Only if they are business real or commercial properties. No residential investment properties currently owned by a member or related party may be transferred into an SMSF. Residential investment properties may not be rented to a member or related party either.

ATO's Sole Purpose Test

If someone is suing and you personally are trustee for the trust and have assets in your own name then you are exposed to losing them. If a $2 shelf company is trustee then there is nothing to go after.

I'd reckon he's off enjoying a well deserved lifestyle he has created for himself. Snap......... :D

I'd reckon he's off enjoying a well deserved lifestyle he has created for himself.

Thanks for sharing Keith... one thing to come out of recent events for you is that you've road tested your investment structure and know you can ride through these type situations and still come out the other side. Once again thanks for sharing.