Sim
Administrator
Reply: 6.1.2.2
From: Sim' Hampel
Now hangon everyone... I think we are getting a little ahead of ourselves here.
Just because some (or many) of us here agree with the fundamentals promoted by the likes of Kiyosaki and Burley, does mean that this is right for everyone.
For example, buying a house to occupy yourself rather than renting and buying investment property. Just because it may make more financial "sense" to do so, doesn't mean that you should. There are many other factors to consider.
For example just because Kiyosaki and Burley implore you to never buy negatively geared property, doesn't mean that you will rot in hell if you buy a negatively geared property. Indeed the majority of property in Australia is almost impossible to purchase on 100% finance and be cashflow positive on the long term average interest rate of 10% (is easier on < 6% rates !).
For example, just because it may make more financial sense for someone to buy a second hand car than a new one, doesn't make it the best path for them. There are other factors to consider.
For example, just because some people consider their sole goal with their investments is to make as much money as they possibly can, doesn't mean that this is also the goal of everyone else.
I don't believe that this is the "get stupendously rich" discussion forum. I also don't believe that this is the "we do things the RIGHT way, and you don't so we're better than you" forum. This is not a criticism of other people's choices or their current strategies forum. This is a PROPERTY INVESTMENT discussion forum, where we share ideas about property.
I do not believe it is a question of maturity (and certainly I believe some responses here have been rather immature !), as maturity is not something that can be taught. It must be learned, and is learned only through experience. Critising someone's decisions at whatever age serves little purpose to anyone.
You can make suggestions that there may be a better way, but I think it would be better to respect their point of view and maybe take the humble approach in that YOU ARE NOT ALWAYS RIGHT - especially when it comes to what OTHER people should be doing.
One thing I have learned from one of the more respected members of this forum is in the way they handle discussions about other people's strategies.
It's never "oh, no... you shouldn't do that... that's just wrong... you have to do it this way...".
It's always "why do you want to do it that way", "do you think there might be a better way ?", perhaps even "can I make a suggestion ?", "at the end of the day, you have to make your own decisions and do what you feel is best".
I've found that to be a very refreshing and ego-less attitude, and one I wish some more people would adopt at times.
So I think we should all stop critising people ! (hmm... was that too critical of me ?)
Please note that this was just a general whinge and not directed at anyone in particular !
*This has been a friendly service from the forum conscience police*
;-)
From: Sim' Hampel
Now hangon everyone... I think we are getting a little ahead of ourselves here.
Just because some (or many) of us here agree with the fundamentals promoted by the likes of Kiyosaki and Burley, does mean that this is right for everyone.
For example, buying a house to occupy yourself rather than renting and buying investment property. Just because it may make more financial "sense" to do so, doesn't mean that you should. There are many other factors to consider.
For example just because Kiyosaki and Burley implore you to never buy negatively geared property, doesn't mean that you will rot in hell if you buy a negatively geared property. Indeed the majority of property in Australia is almost impossible to purchase on 100% finance and be cashflow positive on the long term average interest rate of 10% (is easier on < 6% rates !).
For example, just because it may make more financial sense for someone to buy a second hand car than a new one, doesn't make it the best path for them. There are other factors to consider.
For example, just because some people consider their sole goal with their investments is to make as much money as they possibly can, doesn't mean that this is also the goal of everyone else.
I don't believe that this is the "get stupendously rich" discussion forum. I also don't believe that this is the "we do things the RIGHT way, and you don't so we're better than you" forum. This is not a criticism of other people's choices or their current strategies forum. This is a PROPERTY INVESTMENT discussion forum, where we share ideas about property.
I do not believe it is a question of maturity (and certainly I believe some responses here have been rather immature !), as maturity is not something that can be taught. It must be learned, and is learned only through experience. Critising someone's decisions at whatever age serves little purpose to anyone.
You can make suggestions that there may be a better way, but I think it would be better to respect their point of view and maybe take the humble approach in that YOU ARE NOT ALWAYS RIGHT - especially when it comes to what OTHER people should be doing.
One thing I have learned from one of the more respected members of this forum is in the way they handle discussions about other people's strategies.
It's never "oh, no... you shouldn't do that... that's just wrong... you have to do it this way...".
It's always "why do you want to do it that way", "do you think there might be a better way ?", perhaps even "can I make a suggestion ?", "at the end of the day, you have to make your own decisions and do what you feel is best".
I've found that to be a very refreshing and ego-less attitude, and one I wish some more people would adopt at times.
So I think we should all stop critising people ! (hmm... was that too critical of me ?)
Please note that this was just a general whinge and not directed at anyone in particular !
*This has been a friendly service from the forum conscience police*
;-)
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