Search results

Hehe.....It's only partly true actually. One's left, the other's still here, but what I meant is that they aren't a financial responsibility anymore, as the one that's still here is an adult now & although still at home pays her own way.

Thanks Rick. I feel a big part of us pulling through that whole mess was that not only did we have a bit of funds in place to help us through, because looking back now, there wasn't really a whole lot there, but we also immediately went into what I call 'survival mode', others might call it...

It is now 10 years on from that horrific time & 5 years from the last update. Kids have left home, we've bought a new PPOR and paid it off, bought more properties & hubby is able to retire. We're now selling some properties & putting the funds into offsets, so that there's money available...

The original post was supposed to be a word of caution that problems can arise when you are least expecting it. If you don't have a little something in place (preferably more than a little) you can find yourself in a lot of hot water, especially if there is job loss, and as an investor you are...

Hi there Forum Lurker. No, we never did recover anything back from the employer. After seeking legal action it was explained that it could cost us more than what was owed to pursue it and even then there would be no guarantees that we would receive anything. She was very good at NOT paying...

Penny, in our situation there was no super, as he was working as a subcontractor.

Geoff & Bargain Hunter, you two are incorrigable.

Who in their right mind would want to purchase a teenager in full tantrum mode? :eek:

We finished the reno the week after we came back from our trip, & put it on the market immediately. BTW it still hasn't sold, so it is on the rental market now. I really urge you to work on that. You really don't know when something is going to come along to upset the applecart. We only...

Yes, we are undertaking legal action at the moment.

Thanks for your thoughts. We actually don't need to do this, although it will be a stretch. I would prefer to just wait as it will be 6 weeks pay. This extra 2 weeks will form the start of the next "buffer" to be put aside once more. I am quite good at surviving on very little money if the...

Hey Petal, you know the saying about things coming threes. We had so much happening all at once I'm surprised I didn't end up in the loony bin. The neighbour was the least of our problems but the only one that I could rant & rave about at the time. During all this, we ended up with a...

He did. Problem was in the fact that it was monthly pay & the end of the month fell while we were away. He had to wait untill he got back to supposedly sort out the paperwork. When payment still wasn't forthcomming, he left.

I think so too. Best of luck for the New Year.

The IPs that are in our personal names ARE self sufficient. No drama there. We have quite a few in a Discretionary Trust, 4 of which we bought this year. The 4 recent ones are all -CF, which was not a problem when we bought them. In fact 2 of them settled in late August, just before all this...

This is a long post, so be warned. I have kept a bit of a journal of the events of the past few months, detailing how important it is to be prepared for the unexpected. This was a very trying time for us & we have now come out the other side (I hope) unscathed, but it would have been easy to...