6 ways to use your money?!

From: Nigel W


I recall a post where Steve Navra (or as Rolf likes to call him "Uncle Steve") in response to a post outlined the 6 ways he makes each dollar work for him to maximise his return.

BUT I now can't find the @#$! post! Damn that search engine!

I'm planning to go to Steve's seminar when he next comes to Sydney, but in the interim can anyone point me to the post?

Thanks
N.
 
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From: Terry W


Nigel

I saved a copy, Here it is:

From: "Steve Navra" <steve@navrainvest.com.au>

Alan,

Diversity is the way to go:
Most buy property for capital gain, others for the income; either way
it would be wasteful not to divert these dollars (The exact same
dollars)into another investment.

It is about using the same dollar many times over so:

Dollars into property for leverage, which provides income and capital
growth.

The income and capital growth into a cash fund, safely housed and
converted into an income stream for further serviceability.

Resulting income stream into shares for capital growth and dividend
income.

The returns from the shares into your LOC to reduce the property loans
and thus create opportunity to acquire more property.

A wonderful cycle of optimised use of the same dollar 6 times.

Home:
1) Capital growth
2) <Rental income> (Not paying rent to someone else)

Investment Property:
3) Capital growth
4) Rental income

Cashbond: for cashflow and extra serviceability

Shares:
5) Capital growth
6) Dividend income.

Anyway, this is how I do it.

Regards,

Steve


—-------------------

>>> listmanager@bne003w.webcentral.com.au 03/15/02 02:59pm >>>
From: "Nigel W" <nigel.ward@msj.com.au>

I recall a post where Steve Navra (or as Rolf likes to call him "Uncle
Steve") in response to a post outlined the 6 ways he makes each dollar
work for him to maximise his return.

BUT I now can't find the @#$! post! Damn that search engine!

I'm planning to go to Steve's seminar when he next comes to Sydney, but
in the interim can anyone point me to the post?

Thanks
N.



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