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hi there..

Discussion in 'Introductions' started by TheCamel, 13th Aug, 2007.

  1. TheCamel

    TheCamel Active Member

    Joined:
    13th Aug, 2007
    Posts:
    30
    Location:
    Canberra
    Hello... I'm Andy. I'm from somersoft. I already recognise a few names, just in this section.. :)

    I'm (almost) 26, married, from Canberra.
    I work for a large Fed. Govt Department that you'd know about, playing with network and server infrastructure. It's fun.


    I currently have 1 IP, an LOC on the way, and am looking around to see what else I can learn, as well as find things to spend other people's money on...


    Ideally, i'd like to be able to jump off the full time roundabout within 15 years or so.. and work a contract for 3 months here and there that interests me, so that I can have heaps of time to spend with the kids that I want to have.
     
  2. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, NSW
    Hey dude, welcome across :)

    Like you, I'm also trying to make it by 40 (I'm 30). Was looking pretty good until a month ago :eek:
     
  3. TheCamel

    TheCamel Active Member

    Joined:
    13th Aug, 2007
    Posts:
    30
    Location:
    Canberra
    let me guess.. you got engaged, or married ? :p
     
  4. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, NSW
    Nah, two things occured:

    a) Pre-paid a years worth of interest (about $45k)

    b) The sharemarket dropped 7%. When you're 60% leveraged, that's like a 15% drop.

    So my net worth spreadsheet is looking worse for wear at the moment. :eek:

    I got married a couple of years back. Fortunately for me my wife is cashflow positive ;)
     
  5. Nigel Ward

    Nigel Ward Team InvestEd

    Joined:
    10th Jun, 2005
    Posts:
    1,172
    Those are pretty rare so I hear! :D
     
  6. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart
    My wife appears to be cash flow positive as well. Earns about the same as me, is aiming to have her credit card paid off by the end of the year, is putting her money into managed funds with me, and agrees with buying the Whittley 2800 cruiser in about 7 years (goals like a nice boat to buy certainly help keep spending in check now).
     
  7. Simon

    Simon Well-Known Member

    Joined:
    17th Sep, 2005
    Posts:
    520
    Location:
    Newcastle
    Like all good investments my wife has been cashflow negative for some time but with a bit of a tart up has become positive finally.

    :D :D :D
     
  8. Leandro

    Leandro Well-Known Member

    Joined:
    8th Dec, 2005
    Posts:
    228
    Location:
    Sydney
    Wouldn't our wives be so happy to hear us talking about them as investments :D
     
  9. katariana

    katariana New Member

    Joined:
    29th Aug, 2007
    Posts:
    4
    Location:
    Philippines
    Hi andy, I'm katarina! I have just recently signed up in this forum, as I found it very interesting!
     
  10. TheCamel

    TheCamel Active Member

    Joined:
    13th Aug, 2007
    Posts:
    30
    Location:
    Canberra
    Hi Katarina,

    Welcome.. make a thread and tell us about yourself.
    There's no silly questions :)
     
  11. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    She may be cash flow positive, but unfortunately this deal smells like one of those shares equity schemes.

    Bank is entitled to 40% of the house equity, but you pay for 80% of the interest!

    In your situation, you pay 50%, she is entitled to 75%! Sounds like a bad plan to me!
     
  12. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart
    what do you mean, the bank is entitled to 40% of the equity?

    4 more pays and my bike is paid off!
     
  13. Rod_WA

    Rod_WA Well-Known Member

    Joined:
    18th May, 2007
    Posts:
    324
    Location:
    Inglewood, WA
    Works the other way around at my place - my wife commented on my physical state the other day, suggesting I was a little 'sub-prime'.:eek:
     
  14. Leandro

    Leandro Well-Known Member

    Joined:
    8th Dec, 2005
    Posts:
    228
    Location:
    Sydney
    Hey Rod,

    Seems that your wife knows a little about the current world economy has a good sense of humour!
     
  15. Cherry Pro

    Cherry Pro Active Member

    Joined:
    18th Jul, 2007
    Posts:
    44
    Location:
    Sydney, NSW
    hey - you guys are a cheeky bunch !