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partypooper 14th November 2006 02:30 AM

I remember reading a few years back that most Millionairs in Australia are SELF made Miliionaires, and that a large % had been bankrupt at least ONCE, B4 making the big time.........makes you think doesn't it........ i.e. you have to have the "SPIRIT" to make it!!!

Also I particularly like "Bondies" analogy, "all" partnerships are "SINKING" ships,.........

crash 14th November 2006 05:07 AM

Like most on paper millionaires. they never lifted a finger. It's called 'negative gearing'.

Like everything else, it has it's ying and yang. The yang bit is called a not-to-far-away recession, due to our artificial economy that's growth has been consumer led with a massive spending spree [of borrowed fake property value equity, called the ''debt semi-trailer'] led by the ying [negative gearing], put in place by Howard and co.
We have all been lulled into thinking everything is just peachy, while Howard's mates the property investors [they have all moved to Perth now thank God], get disgustingly rich!


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