Smart Money Weekly; Tax on kids investments, how to emergency fund, & Victoria land tax

Smart Money Weekly; Tax on kids investments, how to emergency fund, & Victoria land tax

Hey team,

Happy Sunday.

Over the past little while we’ve been chatting to a bunch of people in our community about what they wanted from us in terms of content moving forward, and I’m pumped to be sharing the new format for the Smart Money Weekly newsletter with you.?

Moving forward we’ll be delivering practical, actionable tips in the areas that have the biggest impact on your money success.?Would love to hear what you think, please let us know by replying here.?

Check out our top money tips of the week here.?


Tax hack of the week

Tax on investments for your kids

How tax works when you invest for your kids, and the key rules you need to be across.?

Investing hack of the week

How to build a second income investmenting faster

Everyone knows investing more is the key to building another income stream and getting ahead faster, but most of us fall down when it comes to putting it into practice.

Saving tip of the week

How much savings to have in your emergency fund.?

How to calculate the ideal amount of cash savings to hold in your emergency fund to protect you from investment and lifestyle risk.

Property tip of the week

Victoria introduces new tax on all residential property investments:

The Victorian government have just announced new taxes as part of the state budget, increasing land tax and the cost for anyone with an investment property.

Client story of the week

Age 29, income $225k, saving $3k/m

Too many options and information overload is a common barrier to making smart investments and taking action. I unpack how this client pushed through to get more out of her money.?

Money hack of the week

Most common superannuation investment mistake. Your superannuation fund is one of your biggest #investments, but if you don’t know how to set up your super the right way it's easy to make mistakes that can cost you serious cash.?

If you want to chat about how we can help you get more out of your money, book a call with us here.?

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

Common money mistake that costs $492,000

It’s something that’s all too tempting to do when you’ve got money, but this mistake could be costing as much as $492,000.

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

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