Quick story. My wife and I were in Vegas. We decided play slots for fun. We set parameters of when our 200$ was gone so we’re we. If we got up to 100$ we were also done. On the last pull ( down 200$) we won 300$ hitting our cap. The casino guy was shocked when we walked away and cashed out! Rules are important as you note.
Great article as always! I'm currently trying to convince my friend not to buy a Condo in Chicago due to him having a 3 year plan to move out - so I am going to share this article with him. Thanks.
Thanks for the good read. We are in our mid 30s and watching (and waiting) for the market to improve. We are hoping to be first time homebuyers in the next three years.
One thing I've found with rentals in Australia is when your "quality" tenant wants to leave, they don't necessarily tell you (the landlord) but just give the keys to a relative or friend and walk out!! They consider the 6-month or 12-month lease they signed is still being paid for so it's alright. Very frustrating! The new non-vetted tenants pay the rent for a while but it usually doesn't last. Then you have the eviction process to go through, plus necessary renovations and repairs. Capital gains over time is the thing that makes rentals worthwhile, so these points made by Graham are critical to your success.
Quick story. My wife and I were in Vegas. We decided play slots for fun. We set parameters of when our 200$ was gone so we’re we. If we got up to 100$ we were also done. On the last pull ( down 200$) we won 300$ hitting our cap. The casino guy was shocked when we walked away and cashed out! Rules are important as you note.
Amazing. That's some incredible self control :)
Great article as always! I'm currently trying to convince my friend not to buy a Condo in Chicago due to him having a 3 year plan to move out - so I am going to share this article with him. Thanks.
Ran some 1.100 coin fans st Martin gangbito
Thanks for the good read. We are in our mid 30s and watching (and waiting) for the market to improve. We are hoping to be first time homebuyers in the next three years.
One thing I've found with rentals in Australia is when your "quality" tenant wants to leave, they don't necessarily tell you (the landlord) but just give the keys to a relative or friend and walk out!! They consider the 6-month or 12-month lease they signed is still being paid for so it's alright. Very frustrating! The new non-vetted tenants pay the rent for a while but it usually doesn't last. Then you have the eviction process to go through, plus necessary renovations and repairs. Capital gains over time is the thing that makes rentals worthwhile, so these points made by Graham are critical to your success.
Thanks for the insights.