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Can be used while eating potato chips and lounging on the lounge too. You don't have the cashflow to pay for your expenses so you could justify borrowing to pay. But seek your own tax advice on this.

Ok, so if you were to rent your PPOR out you would have another $35k coming in, less the $10k loss that would give you $25k pa to live on while 'travelling'. This is positive cash flow just like income. Rents less expenses. You could then supplement this with some rent money while using the...

Mr Money Moustache (sp?) a blog the op mentioned in first post. It is very interesting - be frugal and you can save more of your income and retire much much faster type philosophy. Another is Early Retirement Extreme. Worth a look.

Yes it would be hard to work out, especially with our made up figures. But if his properties are cashflow neutral and he is spending $30k pa then he would likely be drawing $30k pa off the LOC (to pay expenses). Interest on this would be about $1800 pa so not too much. Assuming no rent...

ok, but don't try this at home. based on the ops situation, roughly Current Assets: $2.31M (incl PPOR) Current Liabilities: $1.298M LVR: 56% Income required to cover annual expenses: $40k I assume living expenses really $30k because of the $10k negative cashflow with property Apply...

D Money, I am a fan of MMM too. If you want to travel you may be able to rent out your PPOR and that rent could greatly assist in your cashflow. You could also possibly buy some high yielding shares which pay fully franked dividends. Possibly from a LOC to speed things up. With the...