how can i make $400 a week from $100k cash?

[dex]

The casino offers odds of 49% that either red or black will double your money. That also means the odds of losing are 51%.

It would be great if the odds were that high but it depends if you're playing American or European roulette. An American roulette wheel has a zero, a double-zero and 36 regular numbers so the probability of red or black coming up is 46.37% because all outside bets are lost if zero or double-zero come up. European roulette doesn't have a "00" so the probability of hitting red or black is increased to 48.6%.

 

[DEC]

What I find even more irresponsible in my opinion is the so called Financial Planning Industry charging fees and/or trailing commissions in return for so called advice, when some so called Financial Planners are still having to work themselves for income to live.

The question that really needs asking is, if they are so good a Financial Planner in the first instance why are they still working for income to maintain a living for themselves.

<snip>here's my best tip for any newbies just setting out down the path to creating wealth and for that matter anyone else - I prefer to take advice & bounce ideas off someone who has already attained what I was also wanting to achieve for myself/family, than entertain the so called advice of some inept and/or incompetent advisor who does not have any real wealth of their own.

In other words, someone who?s walked the talk as opposed to someone who purely just talks the talk.

I hope this helps.

Works for me

 

[imbi3]

Then, even if you sell after 10 years and just get your 260K + stamp duty + legals back.... in otherwords, even if you get next to $0 growth - which is very unlikely but lets humour the cynics- you've got all your 100K capital back, have not had the joy of paying CGT, yet you've still generated over 300K of tax free $$$ ( ie a 30% + return ) for 10 years.

I believe, if at the end of 10 years and you sell the property at purchase price $260k, you will still be liable for some CGT as you have reduced your cost based by deducting the building depreciation over 10 years period @ 50% discount as you would have hold the asset more than 12 months. Something to take into consideration I suppose

 

[10in10years]

bit of a long shot and may seem like a strange question, but if you had 100k in cash and needed to generate an income of 400 a week net how would you do it?,

I have been looking at businesses, but 100k doesn't buy you much except more work

if I can pull it off then I can retire, in fact if you can come up with a clever way to do it for 90k I might send you 10k as a thankyou

Granny flat