Goals for 2016

Discussion in 'Investment Strategy' started by Brian84, 21st Nov, 2015.

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  1. MTR

    MTR Well-Known Member

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    MTR, 1st Dec, 2015
    #101
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  2. D.T.

    D.T. Specialist Property Manager Business Member

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    "Procrastination is like a credit card, it's lots of fun until you get the bill"
     
    D.T., 1st Dec, 2015
    #102
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  3. jins13

    jins13 Well-Known Member

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    Goals for me in 2016 is to be happy, spend more time with family and friend, keep my job (sorry not in a position to walk away yet) and 1 IP to add hopefully.
     
    jins13, 4th Dec, 2015
    #103
  4. larrylarry

    larrylarry Well-Known Member

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    Get finance sorted and you'll be ready to fire.
     
    larrylarry, 4th Dec, 2015
    #104
  5. Dwalsh

    Dwalsh Well-Known Member

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    2016 goals would have to be increase my cashflow, etc put up rents. Payrise, And buy three more ip's if banks will allow me to haha. Sort out the most effective way to buy my ppor in 3 years time.
     
    Dwalsh, 16th Dec, 2015
    #105
  6. chindonly

    chindonly Well-Known Member

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    That's a lot of splitters! Are you posting details on PC anywhere?
     
    chindonly, 16th Dec, 2015
    #106
  7. Inov8ive

    Inov8ive Well-Known Member

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    Most importantly I can't wait to meet my second child due in July, a lot of focus will be here. I also hope to get 2 IP's early next year. Looking in Gold Coast and Adelaide. Have two reno's to do as well, one in Sydney and one in Brisbane. I want to leave my extremely demanding job by the end of year to start my own business. Been saying this for too long now! I need to do it!
     
    Inov8ive, 16th Dec, 2015
    #107
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  8. Tifoso

    Tifoso Well-Known Member

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    Hey mate splitters are pretty boring. I put a small post on the recent deals thread.

    Cheers!
     
    Tifoso, 16th Dec, 2015
    #108
  9. chindonly

    chindonly Well-Known Member

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    I don't care about boring - as long as it makes good money! Just interested in the numbers as part way through a process myseld that has hit a few hurdles.
     
    chindonly, 17th Dec, 2015
    #109
  10. Tifoso

    Tifoso Well-Known Member

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    I haven't put anything in detail really. I could do a detailed post of one of the current projects if there was interest. I'd be surprised if too many would see value in it.
     
    Tifoso, 17th Dec, 2015
    #110
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  11. pdp

    pdp Member

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    - do minor renovations to increase equity in exisiting IP's
    - increase rent
    - buy another IP at the end of the year in 2016
    - go on a holiday
    - be happy always :)
     
    pdp, 17th Dec, 2015
    #111
  12. RetireRich101

    RetireRich101 Well-Known Member

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    WilliamB there is lack of development post to finer details esp in QLD. Maybe even a share an experience of your recent or past project that you took the fruit would be helpful. Many thanks
     
    RetireRich101, 17th Dec, 2015
    #112
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  13. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Mine are simple and in this order:

    1) Health restoration
    2) Wealth creation (9.5 year plan)
    3) Live every day with my wife as if it is my last, really appreciate all life has to offer
     
    Dan Donoghue, 17th Dec, 2015
    #113
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  14. willair

    willair Well-Known Member Premium Member

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    Go too the movies more..
     
    willair, 17th Dec, 2015
    #114
  15. flightcrank

    flightcrank Active Member

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    finish paying off current home loan, and buy first IP.
     
    flightcrank, 17th Dec, 2015
    #115
  16. Gockie

    Gockie Life is good ☺️ Premium Member

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    Question for you to think about..... ok property prices arent red hot but why pay off current home loan first?
     
    Gockie, 17th Dec, 2015
    #116
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  17. flightcrank

    flightcrank Active Member

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    No need for me to think about that question, as I asked myself it years in advance and know what works me, and my investor/risk profile.

    there are many reasons, its just part of my strategy. but i will share one reason. in 2011 i set myself a goal..
    • to purchase a ppor under 250k and have it paid off in 7 years.
    I will have achieved and bettered that goal in in 3 months time, having spent 229k and paid it off in 5 years.

    With a general consensus in the community that boom times are over, and having kept upto date in the areas I am willing to invest in. I’m in no rush to buy the first thing that comes along, and will buy when I'm ready which should be any time after march 2016.
     
    Last edited: 17th Dec, 2015
    flightcrank, 17th Dec, 2015
    #117
  18. Cascades

    Cascades Member

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    2016 Goals:

    Save 17% amount for my deposit
    Car paid off
    Hit my goal for my emergency fund
    Hit my goal for my everyday account expenses
    Have a huge wealth of knowledge to better prepare myself

    Hopefully by 2017 I'll be well and truly ready to buy my first IP in 2017.
     
    Cascades, 18th Dec, 2015
    #118
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  19. JDP1

    JDP1 Well-Known Member

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    JDP1, 18th Dec, 2015
    #119
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  20. Sackie

    Sackie Well-Known Member

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    Well I would definitely be interested and I'm sure others would be too!

    Cheers
     
    Sackie, 18th Dec, 2015
    #120
    legallyblonde likes this.
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