Over the past couple of years there have been many changes that have dramatically reduced your borrowing capacity. The Financial Services Royal Commission, government has put pressure on the banks to reduce investment lending and a directive to tighten lending standards just to name a few. If you are unable to borrow then your only …
Over the last few weeks we have been working closely with our advisory clients assisting them with end of financial year tactics. I provide a list below of some of the tactics that we have been implementing. It is worth taking a couple of minutes now to see if you can benefit from any of …
For many, starting a business is a dream and a step towards financial independence. With making the leap into starting your own enterprise, the decisions made within the business’s inception can have drastic implications down the track including asset protection, capital gains tax (CGT), income tax, estate and succession planning. Here are 5 things you …
The Productivity Commission released its draft report this week into the efficiency of the Australian superannuation system. Its findings are concerning, and all Australians must take an active role in choosing the most appropriate superannuation fund for them. If you don’t, the Productivity Commission suggests it could cost you between $61k and $407k, depending on …
Over the past few weeks my new book (Investopoly) has attracted a bit of media attention and I wanted to share this with you. I have been discussing the framework that I have been using for over 20 years to help people invest successfully. The truth is that investing successfully is easy. All you need …
I recently asked my blog subscribers to share their financial life hacks. This includes any ideas, strategies, products, business or apps that you use to help you save money, organise your financial arrangement or just make life easier. I have provided an edited list below (removed repeat entries and any investment advice). I would like …
As the Federal Election looms, the 2018-19 Federal Budget brings positive news to taxpayers and investors with a promise to return to surplus by 2019-20. The Budget focused on the recovery of taxes from the black economy while introducing a potential $13.4 billion in personal income tax reductions. The below provides a summary of the …
I know. You have probably seen lots of news about the Royal Commission and the financial advice horror stories. I don’t plan to rehash anything that’s already been said. The only thing I will say is that the publication of these horror stories is a very positive thing. At a minimum, it encourages people to …
Your loan structure can have a big impact on your success as an investor. It can influence interest rates, borrowing capacity, cash flow, taxation liabilities and so on. Four years ago I wrote this blog which included 7 loan structuring tips and I wanted to update you on a few matters. Funding a property owned …
I am a big believer in having balance when it comes to managing money. That is, it makes no sense saving ever dollar and always “going without”. After all, none of us know how much longer was have on this planet so we must make the most of every day. However, by the same token, …
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