For ALL young people to watch!

Discussion in 'Investment Strategy' started by Sackie, 1st Nov, 2017.

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  1. Sackie

    Sackie Well-Known Member

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    Last edited: 1st Nov, 2017
    Sackie, 1st Nov, 2017
    #1
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  2. Tom Rivera

    Tom Rivera Property Manager Business Member

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    Love this, great share!
     
    Tom Rivera, 2nd Nov, 2017
    #2
  3. Sackie

    Sackie Well-Known Member

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    Would love my future daughter to turn out with even half her brains and resolve.
     
    Sackie, 2nd Nov, 2017
    #3
  4. BKRinvesting

    BKRinvesting Well-Known Member

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    Haven’t watched the video - but I bought my first place at 21, so do I win?
     
    BKRinvesting, 2nd Nov, 2017
    #4
  5. Sackie

    Sackie Well-Known Member

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    my my aren't we competitive...:p :D
     
    Sackie, 2nd Nov, 2017
    #5
  6. Angel

    Angel Well-Known Member

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    Sorry BK, I was 20.
     
    Angel, 2nd Nov, 2017
    #6
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  7. BKRinvesting

    BKRinvesting Well-Known Member

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    ;)
    It reminds me of that other thread - the untold parts of the stories:
    Headline “i bought my first place at 21”,
    Reality: “ FHBG, 95% +LMI loan, 2 bed townhouse in low socioeconomic area” ;)
     
    BKRinvesting, 2nd Nov, 2017
    #7
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  8. Sackie

    Sackie Well-Known Member

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    Nothing controversial about that, we all gotta start somewhere. :)

    My first place i was just a little short for the deposit so my parents asked me to put a proposal forward to them for the loan of the remaining deposit. I paid them back their money plus with interest!
     
    Sackie, 2nd Nov, 2017
    #8
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  9. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    "I Iearnt a lot through this process"

    There in lies her success, she made a start and followed the process.

    Starting out on the journey (saving a deposit) is the key to the front door.
     
    Colin Rice, 2nd Nov, 2017
    #9
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  10. datto

    datto Well-Known Member

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    Very informative video. It really made sense.

    All of a sudden I feel like watching some pole dancing.
     
    datto, 2nd Nov, 2017
    #10
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  11. Sackie

    Sackie Well-Known Member

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    Problem is your pole never stops dancing. :p
     
    Sackie, 3rd Nov, 2017
    #11
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  12. larrylarry

    larrylarry Well-Known Member

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    CD67DEA5-2370-4D96-8B40-F589CD33002B.jpeg

    People lining up for iPhone X. Some queued for days. WHY?
     
    larrylarry, 3rd Nov, 2017
    #12
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  13. Ouchmyknees

    Ouchmyknees Well-Known Member

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    Bless her parents for instilling good values on her from a young age, and letting her stay in the house. They definitely contributed to her success to a large extent.
     
    Ouchmyknees, 3rd Nov, 2017
    #13
  14. splatters

    splatters Well-Known Member

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    This is great, I’ve shared it with my son. He’s only 10yo but is adamant that he wants to buy an apartment with me in his teens. He even asks to read investment books and YPI magazine as bedtime reading together!
     
    splatters, 3rd Nov, 2017
    #14
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  15. Sackie

    Sackie Well-Known Member

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    Woah... this is interesting. What spurred his interest at age 10 (or earlier) in wanting to buy an apartment? YIP for bedtime reading? My curiosity is truly piqued! How did he get this way? :) Do tell!
     
    Sackie, 3rd Nov, 2017
    #15
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  16. Sackie

    Sackie Well-Known Member

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    For the phone of course! What else they gonna do! :p
     
    Sackie, 3rd Nov, 2017
    #16
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  17. larrylarry

    larrylarry Well-Known Member

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    That's fantastic. My 9yo is always keen to hear investment stories and numbers behind it (guess maths come easy for him)... he appreciates what his parents have been doing to buffer the future.
     
    larrylarry, 3rd Nov, 2017
    #17
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  18. larrylarry

    larrylarry Well-Known Member

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    I guess most of them don't work or took leave to queue for days. I just cannot understand why...queueing for vacant lots i can understand.
     
    larrylarry, 3rd Nov, 2017
    #18
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  19. Lions4Eva

    Lions4Eva Well-Known Member

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    Thot yet to be patrolled.
     
    Lions4Eva, 3rd Nov, 2017
    #19
  20. splatters

    splatters Well-Known Member

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    he has always been a maths whiz and loves anything about money. I only started my property investing last year, but he is fascinated by the numbers and the concept of passive income. I involve him a lot, talk about the loans, the costs, and the rent that is paid. also earlier this year my hubby-to-be bought the board game "Cash Flow" and for a few months my son was obsessed with it. he even plays it on his own, choosing good shares and properties to buy. for his 10th birthday I gave him presents, but also $100 cash that he had to invest. he has one Microsoft share that has gone up about 12% in value and has paid dividends twice, and some healthscope shares that have dropped a lot, but that just made him buy more!!

    so I mentioned casually about 6 months ago that maybe he could save up and we could buy a property together when he is a teenager, and he has been talking about it ever since. even invests his pocketmoney in acorns.
     
    splatters, 3rd Nov, 2017
    #20
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