Smart Money Weekly; Invest tax free, high income won’t get you rich, property doesn’t double, and worst super funds revealed.?
Hey,
Check out our top money tips of the week here.?
Tax hack of the week
How to invest tax free and grow your wealth faster?
Investing hack of the week
How franked dividends can save you $10k+ p.a. in tax How investing into shares that pay franked dividends can save you thousands of dollars in tax every year?
Saving tip of the week
A high income won't get you rich High income earners often fall into the trap of thinking everything is going well enough, but the reality is that getting rich takes serious work, and a big income isn’t enough on it’s own to get you there. You need to invest, and leverage is also crucial if you want to retire young.
Property tip of the week
Property DOESN'T double every ten years THE ACCEPTED WISDOM IS WRONG - not all investment property doubles in value, so if you want this outcome you have to invest smarter than the herd.
Client story of the week
Age 34, income $260k, saving $4k/m, upside $40k How this client made over $40k from tweaking her strategy and using investment bonds to buy shares and save tax while she built a passive income?
Money hack of the week
Australia's worst superannuation funds revealed Australia’s worst superannuation have been revealed in the apra performance test designed to protect superfund members from dodgy investment performance.
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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
‘Debt trap’: Way to save $2931 in interest It’s a money trap that too many Aussies have fallen into but a financial adviser says there is a way to save thousands in interest.
To your success,
Ben
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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