Smart Money Weekly; no receipt deductions, $100k passive income, saving for kids, & how much money gets you into the top 1%
Hey team,
Check out our top money tips of the week here.?
Tax hack of the week
Claiming $300 without receipts: When you do your tax return you can claim tax deductions without keeping receipts, but there are some strings attached.
Investing hack of the week
How to invest $10/day to create a $100k passive income: How you can invest with compound interest to create a passive income from investing of $100k pa with just $10 per day.
Saving tip of the week
How to save money to invest for your kids: How to find extra cash and get started investing for children through the current cost of living crisis.
Property tip of the week
How to make your mortgage tax deductible: Debt recycling can turn your mortgage payments into tax deductions that can save you thousands every year, money you can then save, invest or spend on your lifestyle today.
Client story of the week
If your savings and investments aren’t set up the right way, you’re probably not maximising your money and could be leaving thousands on the table how to invest smart money
Money hack of the week
How much you need to be in Australia’s wealthiest 1%: How much wealth you meed to have to be part of the top1% of the richest people in Australia wealth goals to go through this *magical* time with limited financial blowback.
Upcoming events
Free online money education to help you invest smarter and create a life not limited by money:
Podcast drop
Learn the tips, hacks, and strategies to help you level up your money game. Pods released last week:
In the News
A leading finance expert has revealed why now is a better time than any time to boost your superannuation fund and reap the rewards.
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.
5. The Mo Money Podcast: Free money education delivered weekly on what’s happening in markets and the things you need to know to make smarter money moves. Listen on Apple | Spotify | Stitcher | Podbean
6. Free money education on our socials: We put out daily content to help you level up your money game, get around it on TikTok | Linkedin | Youtube | Facebook | Instagram
Disclaimer: The information in this note is not personal advice, a guaranteed pathway to that elusive beach bod, or the lost script of Edna St. Vincent Millay's Pulitzer Prize-winning?Conversation at Midnight. This is just a bulk communication pushed out into the internet, and it doesn't even have your name on it. Your personal situation, needs & objectives, and financial situation have not been considered in putting this together - nor have we considered your dietary preferences, the way you like your hair cut, or your favourite travel destination - but we have spent a lot of time thinking about the future of urban society, whether there is other intelligent life in the solar system, and the pervasion of soy and linseed bread in Australian metropolitan hubs. You should consider the appropriateness of any general advice in relation to your own objectives, financial situation and needs and seek advice before taking any action. You should also consider using a variety of eau de toilette fragrances to keep your partner interested and colleagues on side, not using plastic straws, and minimising your screen time. Where information relates to a financial product, you should read and understand the relevant product disclosure statement. Where information relates to your own potential for awesomeness, you should consider backing yourself totally and completely. Past performance is definitely not an indicator of future performance when it comes to investments and financial products, as well as the likelihood of your children sitting still and quiet for an hour being satisfied playing with a used piece of wrapping paper.?Financial services guide.