Please explain ! Medicine in oz is a Medicare funded $$$ gravy train.Many people aren't in the professions. There's only four true professions.
Medicine
Law
Engineering
Arms
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Please explain ! Medicine in oz is a Medicare funded $$$ gravy train.Many people aren't in the professions. There's only four true professions.
Medicine
Law
Engineering
Arms
I technically retired around 30. did nothing for 18 months and loved it at first, got a bit bored. did some developing. bought a business, worked hard in it (<40 hours week) for about a year. Now do a couple of hours. started a few more businesses , all systemised so that I don't work in them.
Some info on this postI'm intrigued, what sort of businesses.
Some info on this post
Im really looking forward to the next 8-9 years.. and my partner, well she wants to become a fulltime property investor before she's 35,
Imagine been one of these, getting winging tenents ringing you every day!!
Imagine been one of these, getting winging tenents ringing you every day!!
Daryl, I think a lot of forumites are fascinated by the fact that you were able to "retire" at age 30 using cashbond. I understand you started by doing up queenslanders etc., mind to say how many properties, net (or gross) worth etc to allow you to "retire" at 2003. And if you did not have a paye job, has it hindered you in building up your investment portfolio further (i.e. any difficulties in getting loans) ?I technically retired around 30.
A good portion of our society will work from about 20 – 65, perhaps even later than that. My Calculations say that that’s about 45 years. Lets say that we live until 80. That would mean that if we are in a miserable job til 65 we get to “enjoy” ourselves for 15 years before we die. This isn’t exactly the prime or our lives.
You mention working hard for 15 years in a profession that drives you nuts and is so tediously boring and then using this money to build up your portfolio on the sidelines. If you want to work in such a profession for 15 years go right ahead. My only question is surely this couldn’t be the only thing you’re good at doing and surely you couldn’t be saying that finding a more enjoyable profession is something that wouldn’t be worth pursuing.
My only question is surely this couldn’t be the only thing you’re good at doing and surely you couldn’t be saying that finding a more enjoyable profession is something that wouldn’t be worth pursuing.
Dazzling
I hope you reach your goal in the 15 year timeframe you suggest. Given that investing involves a degree of risk, God forbid that things don’t work out for you and you end up having to work for another 15 years in a profession you dislike.
Rents flowing in at 2 a year and capital growth conservatively at 5 a year....all passive with tenants who don't whinge and bleat.....the beast is on auto-pilot now.
What's wrong with enjoying yourself whilst you're working AND investing.Dazzling
A good portion of our society will work from about 20 – 65, perhaps even later than that. My Calculations say that that’s about 45 years. Lets say that we live until 80. That would mean that if we are in a miserable job til 65 we get to “enjoy” ourselves for 15 years before we die. This isn’t exactly the prime or our lives.
Nothing wrong with working AND investing, infact that's what we have chosen to do. Work hard, damn hard to get to where you want to go AND invest on the side!
I agree with Angelo in that you should have an element of enjoyment in what you are working in, this should be in all areas of your life, work, investing, friends etc.
I personally have no time for things that I don't like, I would not do a job that I didn't enjoy or waste time with people that are anchors! (hold you back). If people, circumstances, jobs are not to my level of satisfaction, I'm out of there!!!
What's wrong with enjoying yourself whilst you're working AND investing.