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  1. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    Hard to believe we are 8 years down the track from that old post. I still see the odd kudos coming through for it. Glad to see it is still being read, shame I didn't pop out more of them :-)
  2. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    Why don't you post it here? There are a great many financially literate people on here - many that are much smarterer than myself! Keep it anonymous and stick to generalisations and you should be fine. Without knowing the nature of your issue it is difficult to sugest someone to help...
  3. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    My eldest is 13 and we talk about all sorts of things over dinner and in the car etc. The other night during the news she was asking all about the sharemarket - it was a great time to tell her about what shares are and why they are great to own. We have IPs and are selling our home to build...
  4. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    Wish I had been able to have written it 20 years ago :( :( :( Hope it helps someone down the track. :o
  5. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    Sometimes when I wonder why I left the Army life gives me little reminders....
  6. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    A number of you have said they were going to pass my article onto some people who might benefit from the message. How was it received? Sometimes the most needy are the least happy to read this stuff and I am curious as to people's reactions? Have had a few lovely emails from folks as...
  7. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    Can you come tomorrow? I want to have a sail but Jen can't make it and I need someone to help me..... Anyone available Sun afternoon?
  8. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    Might raise his morale?
  9. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    Does he think it will attract clients in? I reckon I need to upgrade my sailboat for the same reason - just run it past my wife.....
  10. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    And I have no problems with him doing so. I wonder, in ten years time, when he has a 10 yr old Audi that costs a fortune in maintenance (someone posted an auto transmission as costing $19K I recall) whether he will be wishing he'd spent that $80K in a blue chip investment that should have at...
  11. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    I deliberately left detailed numbers out of this model. I didn't want to estrange people on lower incomes nor make it seem possible to do this in a quick or slow timeframe. No figures will be universal so I just left it at concepts. Your assumptions are correct - I assumed that the...
  12. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    I think this was the story for all of us - certainly my generation. I remember my Grandpop cursing me for having an ATM card at 22 yrs of age - he didn't realise they weren't credit cards. Save up for it and then buy it was the mantra. But these folks generally retired with just their home...
  13. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    The new car yes. The wedding - on occassion ;)
  14. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    When I was 19 all successful people I knew were older. I was talking about my belief here - not yours :cool:
  15. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    Not in the slightest. I think it unwise for a young person to take out expensive, non deductible finance for a new car. Especially considering the opportunity cost of getting a start in investing. I was brought up to believe that new cars were for older, successful people who earned them...
  16. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    It is the debt used to buy these things that is my main problem...
  17. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    How come every thread comes back to our bomb cars? I had Mum's 83 Sigma for two years when I got back to Australia then replaced it with a 10 year old Commodore when a piston broke (not that old joke Geoff...). Only ever owned one new car bought for cash after I was first wed to my sweet...
  18. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    These are not the clients I want James - if I never have another one I will be happy! What I really need are wealthy couples with heaps of income and equity buying really expensive property..... Someone like yourself?
  19. Simon

    Taming the Debt Monster - Attitudes to debt for young players

    By all means print this out for them.
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