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Retire comfortably within 10 years, no tricks, completely legal, on a sustainable income. |
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Written by Rodney Fiddaman
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Tuesday, 05 February 2008 |
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 Here's your key to the future.
Property investing is going to make me a millionaire? I'll be able to retire comfortably within 10 years? And it's legal? Sounds like typical marketing hype, doesn't it? I thought so too, until someone showed me the process. Does it work? Yes. How do I know that? Because I'm doing it. I started down this path in 1999 and I intend to retire in 2010, not necessarily because I want to, but mostly because I can. And I encourage you to join me on this journey of wealth creation. Remember, an ordinary working person can make this happen just as easily as I did. Real estate in Australian terms has always meant buying your own home. When you move, you sell it. Why? Because that's the way our parents did it. My father retired on an old age pension. After that, he never really had much spending money. He lived frugally, because he had no choice. He had followed that same path and had always owned his own home. When he moved, he sold it and bought another one. Why? Because that's the way he knew. And I was heading down exactly the same path, until I came across The Investors Club. Did I want to do things a little differently, without having to join an MLM or sell anything? Sure! When they laid out their process, I could see that there were no holes in the argument. It would work. For more details, register and check it out. |
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Last Updated ( Tuesday, 29 April 2008 )
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House prices expected to rise by 40% |
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Written by AussieRodney
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Monday, 31 March 2008 |
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Australia's housing affordability crisis is expected to dramatically worsen during the next five years, with property prices forecast to rise by as much as 40 per cent. Economic forecaster BIS Shrapnel says housing affordability, already at record lows, will decline even further in the years ahead as demand continues to outstrip supply. BIS Shrapnel director and chief economist Frank Gelber said an annual construction shortfall of 30,000 dwellings was set to double to 60,000 by June this year and rise to 129,000 by June 2009. The shortfall in supply will put further upward pressure on rents and house prices, further exacerbating the affordability problem caused by the house price boom of 2002-03. At that time, official interest rates were at 4.25 per cent but have since risen to a 12-year high of 7.25 per cent. Mr Gelber says the current environment of rising interest rates has compounded the problem, with people choosing to wait before buying or building property. This also meant that when interest rates stopped rising or eventually started to fall, there would likely be a surge in demand for housing which could result in another price explosion. "We've got rising interest rates suppressing any upswing in demand for housing ... and we need to wait now before that demand comes through," Mr Gelber said. "But when it does, it will be very strong." |
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Last Updated ( Sunday, 13 April 2008 )
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Written by AussieRodney
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Wednesday, 20 February 2008 |
OK, so I want to retire, sooner rather than later. Hey, how about we put some of that workplace training into effect here? If it’s good enough to run multi-million dollar projects for the company (not that I did any of those), then it’s good enough to use towards planning for retirement. Come to think of it, given that I’d like to retire on somewhere my current income, let’s say $100k in rough terms, and I need the income to keep up with inflation, I’m going to need a slush fund of somewhere around 2 million dollars to do it. Huh? Did you just say $2M? Uh, yeah, I did! I’m told that in the English language, two negatives usually make a positive, but two positives never make a negative. Hmm, how about, “Yeah, right!” So, what was all that management stuff again? Oh yeah, planning, targets, goals, … Alright, let’s start with a goal. Is it in fact the $2m in the bank, or it is access to $100k indexed to inflation? Which is easier to achieve? About 9 years ago, someone told me that I could retire in 10 years if I went about it the right way. I told them to prove it. Fortunately, they did. “10 properties in 10 years, and retire by borrowing against the capital growth”, they said. Huh? Let’s just analyse that one for a moment. Where you have capital growth, you have as good as, or better than, the inflation rate. Aha! Indexed to inflation. Maybe we don’t need the $2M after all. For more on that, you’ll need to register. |
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Last Updated ( Monday, 03 March 2008 )
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