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Couldnt we just add these cliches to the bottom of every post so that everyones knows that its a GIVEN and so that we don't all have to go thru the same polite nodding, smiling group hugs when someone suggests taking time to smell the roses or whatever other tired cliche gets dragged out?

I remodelled my Spreadsheet to allow someone to continually re-employ Lazy Equity to purchase new Assets... Enter the LVR you're comfortable with Enter a few other figures like how much to allow for purchase costs, new rental income when buying, new ongoing costs when buying etc.. Enter...

Trust me Bill, if I will have been out of the workforce for TEN YEARS my Net Worth will just be huge.. Conversely, if I stayed IN the workforce for those TEN YEARS my Net Worth will still be large but I would have spent those 10 years in the Rat Race. Given that 10 yrs is going to be...

I've just put nearly $500K into buying a holiday home where I'm confident LOTS of Baby Boomers are going to want to spend a LOT of time.

NOOOOOO.. I love being guided through a thought process, asking someone to cut to a summary in a discussion is a sure fire way to leave 90% of the readers unclear on great swathes of Steve's approach.

5% of $20M is $1M.. did you mean $4M earning 5% Nett? or $20M earning 5% after costs?

Please! Burn the midnight oil, complete the next chapter! The first chapter was champagne reading!

Just a quick note.. the figures in the spreadsheet are not mine. Just an example.

Sailesh, It's hardly simple, in fact its an extremely difficult thing to "sell", I've tried explaining it to a few friends, all they see is the spiraling debt and loans.. it takes a LOT of hard work, a LOT of guidance to enable people to accept this idea has merit.. Having attended one of...

Steve, Thanks, tossed and turned all night after this thread, but your perspective was a welcome read this morning :)

Hi Keith, You make some good points, thanks for persisting with me. :-) Selling pains me.. maybe I'll get over it one day and use your idea of an each way bet.. it certainly has value.

Bill I've been buying property for nearly 10 years. Someone starting NOW and buying property for 10 years would be hard pressed to retire on equity.. I agree.

Bill, I dont deny the risks, I just say they are overstated, and can be succesfully mitigated, just like any other strategy.. I'm not married to the position, just seek to vigorously defend it as a means of demonstrating to myself that I've mastered the approach, the risk mitigation, the...

Keith, if you cant think of 4-5 ways off the top of your head on how to ensure this new interest is deductible then you need to do some more reading. Do your own spreadsheet, if you cant satisfy yourself as to your ability to ride out such a scenario, then don't do it. I'm confident. All...

Looking back over various threads, I can say with a high degree of comfort that Steve has more than successfully defended the strategy. But for my own peice of mind, I re-spreadsheeted a "Buy/Hold/Payoff/Live On Rent" approach and its was really quite horrendous.. another 10-12 yrs to reach a...