First up-- my structure
Formed company in 2006--- now I can hold shares or property for months years or days doesn't matter away's pay tax on the profits to claim tax credits on losses
Now as it's a company my expenses are claimed pa -internet,cellphone,Skytv,laptop,loan interest,travel,end of fin year party etc ......
Now I do borrow 150k funds for my company using equity from personal property(which is now debt free thanks to trading)
so currently my interest costs our set for the next year 4.49% ...my goal of course is to make much much higher returns than costs ...my target has always been 100% growth pa so aggressive trading ...to date I have done it twice.. (looking good for third time 17/18)
Now of course I still have a day job which I use to pay the ongoing expenses of the company ...running around 10-12k pa (which basically means I'm introducing more capital into the company's balance sheet ) this saves the hassle of bringing funds back from my AUD account
even though I am buying a small vending business which should cover all costs going forward 17/18+
My long term goal of course is to grow my company to a size where I can give up my hard labour seasonal job (fishing) to a lower paid lifestyle job while putting most of my time and efforts into the trading company to continue it's growth and income p.a past 100k pa on average
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