I lurk here - I spend some time away.....then get frustrated at my lack of action come back and read my little heart out then repeat.....been doing so for 10 years.
Done all the reading Rich Dad series, Jan Somers stuff and heaps more. I consider myself fairly well versed in the theory of IP investing.
I understand some of the key topics, equity, cross security, tax and using tax variations for cash flow etc. etc.
I have email alerts coming to me daily with regular good deals IMO.....
I have a good stable job about $80 to $90k, a wife and two kids. Wife doesn't work and has no plans to (which is our preference -family choice)
PPOR approx $320k value with $237 owing. Have a few K in the bank. No consumer debt at all. Live and want to invest in the outer north of Adelaide.
I hesitate on affordability, I don't want to put the family into a tight spot with private school fees coming and living expenses climbing.
But I also can't stand the idea that I know all this stuff but can't or won't act. I want the financial security IP can offer and would choose to leave work as soon as I could if the portfolio allowed.
I have the somersoft investing software and various other spreadsheets to show me the numbers. I think deep down I don't trust the numbers and am concerned about over committment.
Thanks for reading.
Done all the reading Rich Dad series, Jan Somers stuff and heaps more. I consider myself fairly well versed in the theory of IP investing.
I understand some of the key topics, equity, cross security, tax and using tax variations for cash flow etc. etc.
I have email alerts coming to me daily with regular good deals IMO.....
I have a good stable job about $80 to $90k, a wife and two kids. Wife doesn't work and has no plans to (which is our preference -family choice)
PPOR approx $320k value with $237 owing. Have a few K in the bank. No consumer debt at all. Live and want to invest in the outer north of Adelaide.
I hesitate on affordability, I don't want to put the family into a tight spot with private school fees coming and living expenses climbing.
But I also can't stand the idea that I know all this stuff but can't or won't act. I want the financial security IP can offer and would choose to leave work as soon as I could if the portfolio allowed.
I have the somersoft investing software and various other spreadsheets to show me the numbers. I think deep down I don't trust the numbers and am concerned about over committment.
Thanks for reading.
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