What is your current net worth ?

[Maddhew]

I bought at 24.

Had I bought at 22/23 I would be no better off, likewise had I bought at 27/28 I would be no worse off.

It's not always about getting in as soon as you can, there are other factors in play.

To be fair you are giving a 4 year period as an example.

 

[Scotland]

I'm looking at 2007-2012. That's an inclusive period of 6 years.

Yes property is a long term investment but it stagnates/falls for periods regardless what RE agents have to say. I have no doubt there are people who rushed into buying as early as possible 'before it goes up again' that would've been better off holding off for a period.

 

[Phenotype]

18 Year Old student
$50,000 Term Deposit
$6,000 Shares
$1,200 Cash
Probably like $1,000 in electronic crap
$4,000 super

Lul

 

[The Dice Man]

No Debt + Leather couch = win

 

[Barkly St End]

When I take into account the long-term cost of raising children - barely keeping my head above water.

 

[Jordie_tackles]

18 Year Old student
$50,000 Term Deposit
$6,000 Shares
$1,200 Cash
Probably like $1,000 in electronic crap
$4,000 super

Lul

lucky bustard

 

[Smell The Glove]

When I take into account the long-term cost of raising children - barely keeping my head above water.

This is why I have no intention of having kids or getting married. As soon as a man shacks up with a wife and kids, he can consider himself a wage slave for the rest of his life.

No thanks.

 

[George Washington]

18 Year Old student
$50,000 Term Deposit
$6,000 Shares
$1,200 Cash
Probably like $1,000 in electronic crap
$4,000 super

Lul

Inherited?

 

[Phenotype]

Inherited?

2nd division tatts.

 

[Grundy2Kennedy]

I am 35
House - $675,000 - owe 140K
Investment Property (Unit Surfers) $ 140000 - ( renting out at 225 PW) Payed a lot less than the 2 contracts that were offered due to paying cash. Was a bank repo and sold for 210K 3 years earlier, hoping it is a good call.
Cash $ 35000
Car $ 20000

Looking at getting a 5 acre property about 10 minutes away from where i am now for 400K and renting out the home for 600 a week.

 

[cleveland]

This is why I have no intention of having kids or getting married. As soon as a man shacks up with a wife and kids, he can consider himself a wage slave for the rest of his life.

No thanks.

but you will end up dying a lonely old man. Best investment is your kids IMO

 

[Smell The Glove]

but you will end up dying a lonely old man. Best investment is your kids IMO

Until the missus gets bored and buggers off with them.

Nah, work hard, develop sound financial habits and don't shack up. That's how a man succeeds these days.

 

[Grundy2Kennedy]

Until the missus gets bored and buggers off with them.

Nah, work hard, develop sound financial habits and don't shack up. That's how a man succeeds these days.

This is why I have no intention of having kids or getting married. As soon as a man shacks up with a wife and kids, he can consider himself a wage slave for the rest of his life.

No thanks.

Unless she earns a bucket load more than you lol ,as for the kids thing i agree staying well away.

 

[cleveland]

I disagree my best investment are my kids. They give me the most enjoyment in life. You just gotta not pick a **** that will leave you for greener pastures.

 

[Smell The Glove]

I disagree my best investment are my kids. They give me the most enjoyment in life. You just gotta not pick a **** that will leave you for greener pastures.

That's the problem right there. Especially if you are in your 20's.

 

[cleveland]

That's the problem right there. Especially if you are in your 20's.

Yep plenty of slutty tramps around....I guess you just have to wait till u find a good girl. Plenty of them as we'll.

 

[Beerfish]

29 years old

Cash - $45,000
Car - $5,000
Superannuation - $50,000 or so. I try not to look at it as it makes me mad that I can't have it til I'm hell old.

I'm totally debt free though, which is quite liberating. I'm looking at taking the property plunge at some point, hence the cash. I'm just unsure if that property will be in Australia, the US or even a rising developing nation in Asia like Thailand or Philippines (which both have added risk, but strong potential and the knowledge that I'm not going to have to spend 450k for a one or two bedroom investment condo in a good area - I can just splash 75k for a 2 bed investment on a tropical island or in a good area of Bangkok).

I'd previously owned shares and sold out of them at the right time (through pure arse, I'll add). Just hoarding cash now, putting a decent amount of my savings into US dollars though, as I think its a good idea to hedge a bit against Australia's strong dollar.

I've heard the thing about buying property in Thailand is apparently if you are a foreigner you are required to have a Thai "business partner".

 

[Howard Littlejohn]

100 Hundred TRILLION DOLLARS










And 50c

Zimbabwean dollars?

 

[Howard Littlejohn]

18 Year Old student
$50,000 Term Deposit
$6,000 Shares
$1,200 Cash
Probably like $1,000 in electronic crap
$4,000 super

Lul

Wow. At 18 I was lucky if I could scrape together enough cash for the rent and beer. A "food day" was an awesome bonus.

 

[Jean Claude Vas Deferens]

Until the missus gets bored and buggers off with them.

Nah, work hard, develop sound financial habits and don't shack up. That's how a man succeeds these days.

Shouldn't you be in Angeles City with Manila_Playa87 ?

Been married for 23 years mate. I consider myself very successful. And I've worked hard, developed sound financial habits and guess what. I'm shacked up.
And my wife is yet to bugger off with the kids because she's bored. And if she does, 2 out of the 3 kids could drive her.

Financial success is one thing. And I have well and truly achieved it.
But trust me Glove. Family success shits all over it.

 

[Smell The Glove]

Shouldn't you be in Angeles City with Manila_Playa87 ?

Been married for 23 years mate. I consider myself very successful. And I've worked hard, developed sound financial habits and guess what. I'm shacked up.
And my wife is yet to bugger off with the kids because she's bored. And if she does, 2 out of the 3 kids could drive her.

Financial success is one thing. And I have well and truly achieved it.
But trust me Glove. Family success shits all over it.

Believe me, I'd rather have that. But women these days are far different. For them it appears to be about sleeping around in their 20's then holding their hand out in their 30's.

No thanks.

 

[Jean Claude Vas Deferens]

Fair enough mate. I'm glad I'm a few years older then. I missed that line of thought.

 

[The Dice Man]

A couple of 500 euro notes and half a dozen 200s... Im pretty poor. So poor I hide my money in books.

 

[rickyp]

Believe me, I'd rather have that. But women these days are far different. For them it appears to be about sleeping around in their 20's then holding their hand out in their 30's.

No thanks.

Sorry, that's a load of crap. Look harder.

 

[Smell The Glove]

Sorry, that's a load of crap. Look harder.

I wish it was mate, sadly its a cultural thing now. No chance to find a decent woman anymore.