Smart Money Weekly; Average saving %, best performing suburbs, and buying your first home will make you poor
Hey,
Check out our top money tips of the week here.?
Tax hack of the week
How to get $20k investment income tax free Using the tax rules to your advantage, will accelerate how quickly you get ahead investing.
Investing hack of the week
How to start investing with $20 if you're 20 How to get started investing in your 20’s with as little as $20, and what different levels of investment mean for how your wealth with grow into the future.
Saving tip of the week
What percentage of income does the average Aussie save? How much money you save is a critical driver of how quickly you get ahead with your investing and wealth building, but data on the average rate of savings in Australia shows only a few of us are doing it well.
Property tip of the week
Best performing suburbs for property growth Data on the property suburbs that have delivered the most investment property value growth can give insights on how to invest with property the smart way if you want to build your wealth.
Client story of the week
Age 28, income $160, saving $1k/m, upside $250k+ How this client saved over $6k pa by tweaking her existing investments and savings and setting up investment bonds.
Money hack of the week
The longer you wait to buy your first home, the richer you'll be The accepted wisdom around buying your first home is WRONG and can cost you serious dollars in lost wealth building and investment growth.
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Podcast drop
Learn the tips, hacks, and strategies to help you level up your money game. Pods released last week:
In the News
Way to make $266,000 in a recession Many Aussies have pulled back from investing but downturns make millionaires and there is serious money to be made.
To your success,
Ben
PS – Whenever you’re ready, I want to help get more money in the best way for YOU. There are six ways we can do this together:
1. BOOK >> Replace Your Salary by Investing: Your start-to-finish game plan to save more, invest smarter, and maximise your money. Get it on Amazon | Booktopia
2. Smart Money Accelerator: Our money coaching and training service that helps you build a second income investing faster and unlock your financial potential. Join here
3. Personalised financial advice: If you want a customised plan to get more out of the money you have today AND the support to rapidly turn it into results, 1-1 advice might be for you. Book a call to learn how this can help you here.?
4. Live online events: We put on free money education events to help you level up your money. Upcoming events here.
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Disclaimer: I know you’re smarter than someone that would need me to write the words that come next, but our compliance peeps are real hard-asses so here we go... This information is not personal advice, secrets from the upside down, or lyrics to the lost Doors back catalogue. It may only be regarded as general advice, and arguably shouldn’t be considered advice at all given it’s just an email we sent to a bunch of people linking to a heap of TikTok videos. Your personal objectives, needs or financial situation have not been considered when preparing this, but I want you to know I have spent a lot of time thinking about how to get a two year old to eat her noodles without fussing, how to stop my cat from waking me in the middle of the night for a back rub, and whether the cone of silence from Get Smart is a venture with solid commercial prospects - if your interests align here please let me know because I’d love to compare notes. You should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs, and if necessary, seek advice before acting on it. You should also consider reducing your gluten intake, maintaining your mobility into your 30’s and beyond, and the fact George Street trams are deceptively quiet until they get close enough to scare the bejesus out of you with their horn. Where information relates to a financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product. Where the information relates to where you can find the spicy thai chilli sriracha, you should consider stocking up before the next supply shortage. Worth noting also that past performance is not a reliable indicator of future performance when it comes to investments, and definitely not when it comes to small children. Financial services guide