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As Steve says "Dont spend it till you've made it". In which case bannkruptcy of course is never an option.. Not sure what your point is really.. allowing the LVR to get above 80% and then to blindly keep on spending it up to 98% is fanciful, a) the banks would never let it happen, b) only a...

Big defect in it.. but it only makes it better :) Fixed one below.. (cashflow positive rental now taken into account). Don't forget the spreadsheet only shows the LEAST effective way to implement the strategy, its a worse case scenario.. no use of lazy equity etc.

Well, if those figures WERE mine.. and if the crunch came at 70 (in 35 years time).. I'd be worth millions.. I'm not sure I'd be losing any sleep nor would I in my wildest dreams be contemplating going back to work.. Bill, can't you see the huge amount of fat built into this very realistic...

The spreadsheet wasn't an exercise in minutia :-) factor in your own individual circumstances.. :-) Or better yet! Pay Navra and his merry band to do it.

I'm happy to work again if I dont feel comfortable AT THAT TIME in spending money I havent made... Swings and Roundabouts Bill.. we're talking a 30 yr time frame.. to panic over a few periods of potential negative capital gains and to vehemently argue against the strategy is akin to someone...

Bill, You can add your own figures in, which is what I invited you to do. Go ahead Knock yourself out.. but apply the same test to your own structure.. you'll note even with some negative growth thrown in here and there, its still very stable. Over 30 yrs, the average growth in the off...

Hi Quiggles, This is just a mindset though, at the end of the day (at least for me) there are TWO things that are important to me: 1. Increasing my Net Worth. 2. Having money in my wallet to spend each day. As long as the strategy mix I invoke delivers BOTH of those outcomes, I dont...

Bill, Here's a rough spreadsheet for someone with $1.3M in equity.. good rental income, and is capable of living on about $70K a year, there's columns you can play with for Growth, Interest Rates, Equity Draw Down percentage.. there's a column for inflation (to index the rental income)...

I've never advocated kicking the process of at an effective LVR of 80%. I'm already well into the millions and I havent started the "new life" yet.. when I do start it.. my porfolio value will be even higher and I'll only be drawing down HALF of an inflationary rate of growth.. Bill, my...

I'm no stranger to holding opposing views on this forum.. :) But really, Bill appears to hold fears bording on irrationality (the entire population of the country suddenly start investing AND living off equity!?).. I take my hat off to your staid patience Steve, a quality I'm sorely lacking.

Who cares? If the finance isn't available.. sell something, its not the end of the world. Then you would have had 15 years of an absolutely charmed existence whilst most people your own age would have been slogging it out in the workforce. And then you have to sell some property? Big deal...

Despite being a wizard at Excel and putting vast numbers of scenarios together over the last few years I have no detailed financial plan of how to retire. So MY plan is just a loose assortment of strategies kicking around in my head. Central to which is the accumulation of growth assets. I'm...