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RE: [ProgSoc] SSH keys problem
> -----Original Message-----
> From: owner-progsoc@xxxxxxxxxxxxxxxxxx [mailto:owner-
> progsoc@xxxxxxxxxxxxxxxxxx] On Behalf Of Nigel Sheridan-Smith
> Sent: Saturday, 20 May 2006 12:47 PM
> To: progsoc@xxxxxxxxxxx
> Subject: RE: [ProgSoc] SSH keys problem
>
>
>
> > -----Original Message-----
> > From: owner-progsoc@xxxxxxxxxxxxxxxxxx [mailto:owner-
> > progsoc@xxxxxxxxxxxxxxxxxx] On Behalf Of jedd
> > Sent: Saturday, 20 May 2006 10:59 AM
> > To: progsoc@xxxxxxxxxxx
> > Subject: Re: [ProgSoc] SSH keys problem
> >
> >
> > I can explain neg-gearing, too, if you're interested. There are
> > better ways to make money from property, however (such as the
> > unsettlingly up-beat sounding 'positive gearing' approach).
> >
>
> Negative and positive gearing are easy... so I will save Jedd the trouble.
>
> Negative gearing is getting yourself in debt and losing money so you save
> on
> tax. The tax you save will only ever be a percentage of the money you
> lose,
> based on the income bracket you are in. As a result, the benefit of this
> approach really helps people on highly-taxed incomes ($100K+) more so then
> the people who usually end up doing it ($50K-). People are easily conned
> into it by these hundreds of property seminars, even though it may not be
> the best advice. IMNSHO 90% of people try this fail, because the people
> who
> benefit are the ones selling the properties off the plan.
>
> e.g. losses > profits
>
> Positive gearing is the property paying for itself - the money you earn
> from
> rent pays for the loan, maintenance, tax, etc, and you still take home a
> bit
> of money in your pocket. It can be very difficult (but not impossible,
> apparently) to find such properties. This approach doesn't mean buying a
> $500K+ property, but doing the appropriate homework and being a bit
> smarter.
> Not surprisingly, the people who follow this approach tend to have quite a
> few more properties under their belt. That's not hard to explain because
> the
> properties are paying for themselves rather than getting you into
> incredible
> levels of debt that you have to pay for out of your salary. Of course,
> this
> strategy benefits from less people doing it, since the more people doing
> it
> reduces the availability of +ve geared properties for the few who are
> capable of doing it. That would probably also explain why few people have
> heard of it.
>
> e.g. losses < profits
>
Whoops...
s/profits/income/g
profits = income - losses
Nigel
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