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Yeah I agree. I've done 1 and 2 as well and they will kill you (slowly). My day job is in between 2 and 3. For me its by far the easiest money I can find and its just 9-5 with no super super major stresses. Its relatively easy work in a nice office without getting my hands dirty. I would like...

I do, most of them are just leased up and attached to businesses or bankers day to day cash flow incomes. Nobody ever "owns" it, well maybe 3% :)

VW Golf R AWD turbo. I LOVE IT. Bought for 50k but the original owner paid $76k 10 months prior. No accidents, perfect condition, immaculate. 19" black alloys! PS Putting APR Stage I ECU upgrade on next week, there goes another $1500 but its going to really pull! No more mods after that...

Yep. I had 2 pairs of grandparents - one rich and one poor. The poor ones always saved every penny and held back from spending on anything. Ummm they funnily enough always still stayed poor! :) hahaha. But they were actually the best (most loving) grand parents. The rich ones worked their...

Agree and agree Graemsay... One of the main reasons why I have kind of taken this path is that I have noticed that we really seem to be in a massively low inflation and low yielding period! I held property assets right through the big booms and wow its like I made hundreds of thousands in...

I love this attitude as well and yes you are very financially smart, but you just have to not take it to the extreme, i.e. when the first asset yields, don't get caught up into just using all the income to just go and buy more assets. I mean that's the way to get rich, but hey you will never get...

Spot on Graemsay. Like I've said before, many somersofters just want to die with $5m in the bank while they've driven a 1981 Mitsubishi Sigma all their life. Stuff living that life!!! I'm 32 driving around in a nice car and living in a lovely house in a good suburb, but hey I'm working for...

Yep totally. I took 2 years off my full time employment just to "build" my side/dream business and even after that it still makes peanuts and I'm back in a job. Business is tough! It's worth more as an asset that I'm hoping to sell off one day rather than for actual cash flow.

I agree. My car only cost me $50k and its on a novated lease. So compared to my salary, its not that much really and I can comfortably afford it. But its the most expensive car I've ever owned and I still constantly think "shesh that's a lot of money for a car". But I love it. The guy I bought...

Its pretty tough in business. I built what I thought was a super intelligent business platform that would really thrive. I was amazed at how much of a slog it was. I've seen my business model proven elsewhere and was completely convinced. Well I don't know, but hmm, be prepared to WORK for years...

Some very good points in here MIW... thanks. I would like to invest "part" of my income like Delta does. I agree that I should be doing this and am actively trying to come up with a plan. Talking about unexpected things, at age 31 and in what I thought was perfect health, I randomly went blind...

I got in early and got some good equity in the housing market when I was younger and worked my **** off both in the corporate world and stuffing around trying to start entrepreneurial companies and so on. But I realised that I would basically have to invent something like facebook to end up...