Smart money weekly; tax cuts incoming, making your mortgage deductible, & does an investment property make sense @10% interest rates
Hey,
Happy Sunday.
Check out our top money tips of the week here.?
Tax hack of the week
Stage three income tax cuts: Personal income tax cuts are coming up in Australia and give investors a big opportunity to save tax through investing to grow their wealth faster
Investing hack of the week
Investing for beginners: My take on investing for beginners and how to get started investing
Saving tip of the week
Making your mortgage tax deductible: With the increases in mortgage interest rates a heap of people are struggling to keep up. I unpack how the average home owner can save ~$10k on their property costs to ease the cashflow crunch through the current cost of living and inflation crisis
Property tip of the week
How high do interest rates need to go before buying an investment property won’t make you money?
Client story of the week
Age 36, income $250k, saving $3k,/m, assets $960k: How to create wealth uplift of $55k in 12 months by diversifying investments and using and investment property
Money hack of the week
Australia's worst superannuation funds revealed. The worst performing and highest fee superannuation funds in Australia have been revealed in new data, showing that millions of members are trusting their retirement to the wrong providers
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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
Smart tax trick to make $180,000: Paying off debt is seen as the best financial decision but a financial adviser has done the numbers and there’s another answer to the problem of debt.
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.