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Making the Move
Topic Started: 8 May 2012, 07:00 PM (2,869 Views)
PERTHBULL
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I brought a home last year @ 20 years old.

I feel sick at the moment.

If you don't take risks you will get no where in life..
Edited by PERTHBULL, 8 May 2012, 09:20 PM.
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Jacks money
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So gazing into the future, you see wealth ....
cool
how do you get to that position ??
put some of your money aside each week for the future ...
once you have some bucks, invest, marry some rich thing and there you go.

no really the advice on invest in your education / job / self is probably the best .... the lucky country still has more options for skilled workers then lucky ones
It’s not getting any smarter out there. You have to come to terms with stupidity, and make it work for you - Frank Zappa
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raveswei
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Future
8 May 2012, 07:00 PM
Hi guys,

I'm Future and I guess I'm going to be the youngest on this forum. But every young Aussie's got to take control of his life and I'm one of those. My goal is to move into my first rental property as soon as possible. I expect to be able to retire by 40 with the banks and the workers paying my way.

It's so great to be Aussie and young.
you are clearly a sock puppet but anyway:

If you think easy property scheme will make you and other young uneducated people rich by 40 by you should check you assumptions and calculations twice. Because of thinking like yours, when you turn 40 this country will unfortunately be economically depressed land of old asset rich and cash poor people in desperate need to convert these assets nobody needs into cash needed for food and medicine. You will discover by than, that what you call investments are actually loss making liabilities and you will not be able to find any fool willing to take it for significantly lower price.

Every single case when somebody or something promised easy richness to large number of people with no or little work ended in tears, desperation, violence and/or suicide attempts.

There are only two ways to be rich enough not to work : being born rich or being extremely lucky. Both options are very unlikely so if you really want that start playing lotto early
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

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nipa hut
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Strindberg
8 May 2012, 08:36 PM
Best way to get rich in life is to marry into it.

Better yet, marry someone who is clearly destined for (non-inherited) wealth; it's easier to avoid a pre-nup that way, and you may well gain considerable credit for the overall result, in a closely supportive role.
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BubbleBoy
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nipa hut
8 May 2012, 09:45 PM
Better yet, marry someone who is clearly destined for (non-inherited) wealth; it's easier to avoid a pre-nup that way, and you may well gain considerable credit for the overall result, in a closely supportive role.
Given that men are (statistically) more likely to accumulate large amounts of wealth, this is much easier to do if you're female. Especially a hottie.
My name is based on a Seinfeld character, not on a belief of a housing bubble.
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hoofarted
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PERTHBULL
8 May 2012, 09:16 PM
I brought a home last year @ 20 years old.

I feel sick at the moment.

If you don't take risks you will get no where in life..
So you really have no choice but to be a bull then. Regardless of what your head tells you...
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nipa hut
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BubbleBoy
8 May 2012, 09:52 PM
Given that men are (statistically) more likely to accumulate large amounts of wealth, this is much easier to do if you're female. Especially a hottie.
Traditionally yes--ask my sister, for example--but we are also now living in an era where gay partners of wealthy individuals can also acquire considerable wealth as a result of divorce or inheritance.
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earthsta
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Future
8 May 2012, 07:00 PM
Hi guys,

I'm Future and I guess I'm going to be the youngest on this forum. But every young Aussie's got to take control of his life and I'm one of those. My goal is to move into my first rental property as soon as possible. I expect to be able to retire by 40 with the banks and the workers paying my way.

It's so great to be Aussie and young.
Party, get laid, do some travel.

You're too young and naive to know anything about investing.
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Future
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earthsta
8 May 2012, 11:20 PM
Future
8 May 2012, 07:00 PM
Hi guys,

I'm Future and I guess I'm going to be the youngest on this forum. But every young Aussie's got to take control of his life and I'm one of those. My goal is to move into my first rental property as soon as possible. I expect to be able to retire by 40 with the banks and the workers paying my way.

It's so great to be Aussie and young.
Party, get laid, do some travel.

You're too young and naive to know anything about investing.
Partying, shagging, and building property empires. Sounds like fun. Life is pretty damn good for us.
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Sweetdish
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Strindberg
8 May 2012, 08:36 PM
Best way to get rich in life is to marry into it.

Failing that, next best approach is to focus on what will be a highly paid career. Forget all about investment other than your own career. Most of your cash should be devoted to furthering your career in the early years.

Spend any spare cash on getting kicks and life lessons. If you're like I was you'll also need a bit of cash to pay the fines (and perhaps maintenance payments) as they arise from enjoying yourself.
A highly paid career?

Thats a very hard way to get rich.
Maybe as a hedge fund manager.

Most careers plateu at about 150 - 200K per year.
Hardly enough to get rich on.
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