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Karen's Discussions
Pay off home or buy an investment property?
This is great advice from Nikki! And really, at the end of the day you can't go wrong with the right attitude and the willingness to educate yourself. So long as you don't get too far ahead of yours…
Replied Oct. 22, 2008
Can we get interest only loan from our own personal home mortgage?
Hey Ricky, if you have equity in your home is you can get an Equity Access Loan (also called a Line of Credit), which is interest only. As for a property coach, be careful that you don't end up shel…
Replied Oct. 19, 2008
21 Economic models explained with cows
hahahahaha - the Japanese one kills me!!
Tagged: economics
Replied Sep. 21, 2008
Realistic Medium Term Return Expectations
Hi Scott, Being realistic about investment returns is a must - otherwise people start doing crazy things in an attempt to boost returns and all they end up doing is losing the lot. For most of us in…
Tagged: projections, returns, investment, Realistic
Replied Sep. 1, 2008
Kids and the Value of Money
I realise that it's never too late, but I think my focus will be on me now that the kids have grown up and are out on their own. I'd try to teach them now, but given they're in a "not listening to th…
Replied Aug. 18, 2008
Kids and the Value of Money
Hi Melinda, your kids are lucky to have a Mum who is giving them a leg-up in the world. If only my kids had been so lucky...
Replied Aug. 17, 2008
Getting out of debt
OK, this is true - perhaps they don't need a planner/advisor, given they already are aware that there is an issue that needs fixing. Ellen, I think that one of the advantages of property is that the…
Replied Aug. 13, 2008
Karen's Page
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Most of this thread is old now - between March and August a lot of stuff has happened - when you see the RBA warning about raising interest rates they reckon the economy is on the mend.
There is no crystal ball with any of this stuff, still know pe…
Does the following announcement mean housing affortability just got better ?????
Average weekly earnings up 1.2 per cent to $1196
AAP
August 13, 2009 12:00pm
THE average weekly wage in Australia is now $1196.50, after surging by 6.1 per cent in t…
Well what are the thoughts on this question now.
Seems some confidence is starting to come back, both in the financial and property markets. It could be a short term rally and be overcome by a further downtrend.
I must admit I have interests in bo…
I have been reading these posts with baited breath, I have been on the verge of buying a new house. Now I am not so sure. My job is safe for now but what if it isn't and if property is going to fall then what!
Thanks so much for the posts it's real…
Spot on JeffK - and I actually feel for Marie and other FHB's out there - unemployment is about to rise in a big way and am waiting ( not with any joy) for the repossessions to happen around me - please God let me be wrong about this one - everythin…
Hi Marie, I think ff123 meant that it has articles now whereas it was jam-packed with ads before. Actually all the print publications are suffering big-time because of the property downturn, and I reckon it's going to get worse.
As for missing the…
Profile Information
- Age
- 45-60
- Sex
- Female
- What is your Money Confession? (Your biggest money win or stuff up)
- Didn't learn about money
- What is your financial goal?
- To learn a more disciplined approach to making (and keeping) money
Karen's Photos
Karen's Videos
Comment Wall (19 comments)
- At 11:54pm on January 22, 2010,
marc schwarz said…
- to really be comfortable at least 1.3 mill to 15 mill taking a conservative interest return of say 4-5 % will give a reasonable income
- At 5:16pm on September 23, 2008,
Susan MacDonald said… - Oh, that's total bad luck for me on FX. I already figure out NZ$ will fall but just have not got out in time, that's why I'm tied up in NZ$, so I pledged it against E$ to get a higher interest rate, just see how it goes, I'm still losing if I calculated it against US$, however, if I just treat it as NZ$, I'm still gaining. So I just pledged it against E$ again (not 8%, but over 11%, sometimes up to 15% per week). As I stay home and trade on internet, it's quite interesting and I can still have my time in the garden, cooking as well, I can even afford to go overseas!!! Just don't treat gain and loss too seriously and enjoy the beautiful life!
- At 2:32pm on September 22, 2008,
Bandwidth said…
- Great Goal Karen
The question I would ask is does it make you feel slightly uncomfortable, if not maybe set it higher :-)
Why not have a $200,000 portfolio with only $100,000 in borrowings
My current goals
Have a net worth of 3.5M by the time I am 55
Trading a 1M portfolio by the time I am 55
maintain my loan to valu ratio below 50%
Generate a minimum of 40% per annum in the share market with no more than a 18% drawdown
Mentor at least 10 people per year in the process of generating wealth
- At 7:19am on September 11, 2008,
Madeleine Bridges said… - Hi Karen, thank you so much for your kind words - yes it does hurt, one learns the hard way! That is mainly the reason that that I'm looking for
something to do from home. I have been looking but there are many thousands of scams out there, it's scary. I don't want to be involved in Internet marketing or Multi Level Marketing (MLM) but something I could do
on the Internet from home. Once again many thanks.
- At 3:20am on September 10, 2008,
marc schwarz said…
- Hi Karen
well i remember talking to financial planners some time ago , the answer is if you want to have say 50,000 income what is needed is approx1.300,000 yes 1.3 million well that is in the bank so thats what is needed in assets ,income producing assets with a conservative return of between 5 to 7 % And i am getting there and now if the share market could start back up again that would be great , what else would you like to know
- At 10:15pm on August 31, 2008,
Bruce said… - Hi Karen
A bit too far off i'm afraid.
- At 1:13am on August 12, 2008,
Bytta said… - Hi Karen,
Thanks for your comment.
It's hard to work on it (God knows what it takes to be motivated on day-to-day basis) but it's harder to do nothing.
Learning is not always easy, and it's even harder to un-learn what we already know.
All the best with our goals!! :)
- At 10:08pm on July 29, 2008,
Bandwidth said…
- Great goal well done
The next question that comes to mind is what do you intend to achieve with this new found knowledge :-)
- At 5:32pm on July 27, 2008,
Bandwidth said…
- I am even cuter then that now :-)
Thank you
I am working very hard at generating the required luck to achieve my goal :-)
Your confession is in part due to the education system, which was designed by large corporations, making money mgmt a taboo subject.
This way they can keep the masses as a captive work force:-)
You can change that now, if you choose.
BTW I noticed you have not listed a goal.
- At 6:50am on July 21, 2008,
Missy said… - Hi Karen,
Thank you
About
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Hi all,I am after some advice and ideas from everyone, professional advice thus far has been to declare bankrupt and get it over and done with.
This is my situation, I used to own a company that T/O was around $1M p/a. The business had a bad season…
Be aware that Fox Symes is more of a credit management company and might not be what you need. I would talk to the lease company first, explain your circumstances and try to renogotiate the lease terms, eg extending the term to make payments less...…
The Shire of Litchfield had a problem collecting about $250,000 from unimproved land holdings which were unmaintained and basically had no active ownership. This properties known as "dead man" leases were owned by estates that acquired them in the 1…
You should email this to Get-Up
Ever read "The richest man in Babylon"? Its got the most straight forward financial plan that applies to anyone.
In fact you can buy a series of books revealing Buffetts strategy. The ones I prefer are any authored by Mary Buffett but there are others as well
We'd love any advice or opinions on the following;
We've got 3 properties (2 investment properties and 1 principle residence). We lived in our principle residence for 2 years and have been renting it out for the past 5.5 years, the property is va…
Message to billionaire Aussie John from inside a rat infested squalid Indonesian jail. From Robert McNeice. John I am sorry I did not pay back your money but please I have suffered enough. I need your help to me get out of here, my health is not…
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