5 things that self-made millionaires do differently
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10 business lessons from a lemonade stand
There is an age old ‘Active versus Passive’ argument within the investment community about whether the extra fees you pay super fund managers – who trade your portfolio aggressively- are worth it. Compared with just putting your money in a fund that simply replicates a market index and charges a much lower fee, who… Read more »
There is a flood of online advice about absolutely anything. Cooking, cleaning, health, gardening, exercise, you name it. And money. When it comes to following financial advice online, please be careful. Nearly one in four Aussies are getting financial advice from social media according to new research from Compare the Market. Zoomers (Gen-Z) aged 18-26… Read more »
Aspiring home buyer’s borrowing capacity has been slashed by rising interest rates but could increase by up to $47,000, thanks to next week’s incoming stage 3 tax cuts. While this is great news for house hunter hopefuls, there may be some unintended consequences, including even higher property prices. These tax cuts have the potential to… Read more »
It’s the end of the financial year this weekend which means it’s now or never to make those last minute deductable adjustments to get this year’s tax right. Remember the stage 3 tax cuts start on Monday 1 July so it won’t impact this current return. Having said that, your deductions this year will give… Read more »
The Australian Taxation Office (ATO) is warning rental property owners that their tax returns are in the spotlight this tax time. That’s because the ATO has found the majority of rental property owners are making errors in their tax returns, despite 86 per cent using a registered tax agent. The most common mistake is not… Read more »
The power of interest rises on average Australian families is so much more devastating than it is in other countries. When our rates go up there is an immediate flow through to household budgets because the vast majority of home loans are variable. When official rates go up it immediately flows through to loans and… Read more »
I know there is always great local debate about changes in council zoning laws to allow construction of apartment complexes. Many people don’t want to see their suburb of traditional housing blocks changed into medium or high-density housing. But Ray White chief economist Nerida Conisbee makes a strong argument that we need to build more… Read more »
Over the last 40 years I reckon I’ve interviewed every Tax Commissioner at some stage. I’ve asked every single one of them what they think is the biggest mistake taxpayers make when it comes to challenging an ATO decision. The answer has always been the same: bad record keeping. The ATO doesn’t usually even have… Read more »
Leading into COVID we were on a world record-breaking run of consecutive quarters of positive economic growth. Since the lockdowns finished the Australian economy has been tough going. Economic growth figures out this week were ugly – up just 1 per cent for the quarter and just 1.1 per cent for the year. Remember, this… Read more »
Enough is enough. Insurance companies and banks must stop hiking premiums and prices for loyal customers, while offering better discounts for new customers. Last week, Insurance Australia Group (IAG) was hit with a class action which is alleging they’ve used computer algorithms to inflate premiums for existing loyal customers. They target customers who will most… Read more »
