• FIRE,  Life,  Work

    4 Paths to Accumulating Wealth

    Reading Time: 4 Minutes I wrote earlier this year about how “Being Rich Eliminates 67% of Life’s Problems” (link here). Well, following on from the study Tom Corley did… You know, Tom Corley? The guy who spent 12 years conducting a study by interviewing and researching millionaires, multi-millionaires, multi-multi-millionaires and a group designated… “poor”, to try and see what’s the difference between “rich” and “poor”. In short, it is habits, habits and habits. However in this, he also discerned 4 very different paths towards accumulating wealth. The Dreamer/Entrepreneur These are people who the phrase “love what you do” is coined. And it showed, with an average net worth of $7.4 million. But the path is…

  • FIRE,  Life

    Case Study – $1.1m to Invest, Now What? Part 2

    Reading Time: 4 Minutes Welcome back folks! Are you ready for part 2 of the case study? In which we answer a question MrsFrugalSamurai sent me: “Have $AU 1.1m to invest (recent inheritance) + $150k savings Current situation: Late 20’s income $100k, partner earns $100k No kids, no assets, no debt Aim is to be a homeowner and financially independent at some stage. How would others split it between: PPOR (principal place of residence, i.e. primary residence) buy outright or deposit + mortgage Investment property Low cost index/ETF/Super Others?” If you missed part 1, or want a refresher – don’t fret, have a quick read of it here. Actually… you…

  • Real Estate

    You Snooze You Lose – A Lost Property Opportunity

    Reading Time: 3 Minutes Hey everyone! Writing this on a crisp Sunday morning surrounded by a whole ragtag bunch of no-gooders I call my friends. What a whirlwind weekend we had – it was the joint birthday of a couple of the gang so we did the annual pilgrimage to a tree-change location a few hours outside of Sydney. Cue laughter and drinking amidst the poker sessions, board games and non-stop sports streaming… An AMAZING time. So amazing that I didn’t notice that the property deal I talked about last time (read here), was stolen right under my nose. You might remember I vaguely talked about a sub-division opportunity which…

  • Real Estate

    Land-To-Asset-Ratio and a Real Life Case Study

    Reading Time: 3 Minutes What’s up guys! Hope everyone’s having a great week. Up and down kinda week here at TheFrugalSamurai HQ… Up because PapaFrugalSamurai aka my Uncle’s brother has returned back from a 3 month soiree in the Motherland. Down because well, there’s still a few personal issues afoot. But enough about me – for today we are discussing: Land-To-Asset-Ratio I’ve actually only stumbled onto this concept recently and wished I had understood this when I first started my investment journey into real estate. What is it? The most basic explanation is the “land value” component for a property compared to its overall value. For example, if a property…

  • Real Estate

    My Magazine Article!

    Reading Time: 3 Minutes Hola everyone! How’s it goinnnnng? Brrrrrr, winter is coming for old Sydney town ain’t it? What better to do than rug up warm and catch another rendition of your favourite personal finance and development blogger. Today is a SPECIAL post, because it’s the first time yours truly made it onto a national publication… YAY! Wait, what post and what publication? Well, I’ve been a long-time reader of Your Investment Property Magazine, which is an… investment property magazine… for errr…you. “YIP” and the other publication “Australian Property Investors” were (and still is) two of my favourite past-time reads, both dedicated to property investment. There’s always a thing…