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Michael Thompson

πŸ‘€ Speaker
7469 total appearances
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Podcast Appearances

How Do They Afford That?
Property investing for passive income

Or are we talking here, when we're talking about passive income, it's more of a long game, right?

How Do They Afford That?
Property investing for passive income

So it's not, this is something that you need to kind of look, this is a future play.

How Do They Afford That?
Property investing for passive income

Is that, that's fair to say?

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

Oh, please.

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

I always welcome your comments.

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

What does it say about the shift in the balance of power then?

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

Yeah, exactly.

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

To the fact that these companies are just so big that they are actually bigger than a lot of countries themselves.

How Do They Afford That?
Property investing for passive income

All right.

How Do They Afford That?
Property investing for passive income

I think what I'm also trying to get at is that this is almost a mindset change, right?

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

Countries, yeah.

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

Right?

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

Yeah, yeah, yeah.

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

Now, I mentioned this at the top of the show, Sean.

How Do They Afford That?
Property investing for passive income

That this is not something that you are doing as a short-term strategy, but it is going to be something that you are going to reap the rewards of further down the track.

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

Iconic retailer Barbecue's Galore has collapsed.

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

After its main financier couldn't agree on trading terms and that left the group without funding.

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

The winding up process is scheduled to start next week and 62 stores will close while transitional arrangements will be put in place for the 27 franchisee owned and operated stores.

How Do They Afford That?
Property investing for passive income

Where is that tipping point between a property that has been essentially negatively geared or where you might be losing money on it because the amount that you're paying to the bank in interest is more than what you are bringing in in rent?

FEAR & GREED | Business News
NAB forecasts interest rates to fall; iconic retailer collapses; World Cup politics

This is according to the Financial Review.