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True. There's so many ways to look at this. You can have an active young guy who's super talented beyond his years on how to make money, 400k/annum in fact, but can't seem to keep a hold of it and pretty much spends the lot on lifestyle. On the other hand, you could have say a high school...

That's a bit like saying a champion F1 driver driving a Hyundai Excel would beat a soccer mum driving an F1 car around a lap of Monte Carlo. Boot out the soccer mum and put in a weekend club driver and he'll blow the Champion driver away. It's a combination of the operator and the vehicle...

Yeah, but to get the assets, you first gotta get the income. That is, if you're starting from nothing and didn't inherit your bankroll.

Always agreed with this. There's been past posts on this forum about frugal living and how to save a dollar here and there, usually by inconvenient, time consuming and going without means. It's great to start off with that mindset when starting out, but it should not be a long term plan...

Simultaneous accumulation phase of assets for future growth. Negative gearing can still be neutral or even slightly positive cashflow after all deductions.

Yep, you can go afford to go "bankrupt" multiple times before you hit the jackpot.

So true. Extremely low risk play with unlimited potential reward.

Only exception being when operated in conjunction with a highly positive cashflow venture.

I owe a lot to the RK mindset, completely turned me around and now at the investor level where I can just sit back and collect cash many multiples of my previous full time working income. However, I believe his ideals on business are BS. It just won't work unless it's either completely...

I agree with this. The type of property investments I'd consider a business would be if you were to buy a hotel/motel and have it operate as a business with all relevant running costs, such as ongoing supplies, marketing and admin costs, etc. Or, developing property, etc. But simple buy and...

Real life example please, as these are quite rare in the true form.

I believe business success is a combination of profits earned vs time/capital invested. Everybody will have their own acceptable levels based on their own situations. e.g. If your business required your own time, would you rather work 80hrs a week and earn 1 million dollars, or work 40hrs a...

At a guess, 10% of our total income affords us a comfortable lifestyle. The rest all goes towards our investment funds.