Our Wish for You in 2011
May peace break into your house and may thieves come to steal your debts.
May the pockets of your jeans become a magnet of $100 bills.
May love stick to your face like Vaseline and may laughter assault your lips!
May your clothes smell of success and may happiness slap you across the face and may your tears be those of joy.
May the problems you had forget your home address! In simple words .............
May 2011 be the best year of your life!!!
This was one of the many emails that we & maybe yourselves received over the last week.
But we also received this one.
Hi John,
Spreadsheet as discussed.
Thank you so very much for your positivity............. feel a little weight off my shoulders already, looking forward to meeting you soon.
Kind Regards,
and then later
Very excited Chris was fantastic, explained things well.............so cant wait to get the ball rolling and get rid of this mortgage!!!
Speak to you tomorrow as just about to head back outside.
Kirsty
Yes it is time to make those new year resolutions. How many did you make last year & how many did you achieve?
"so cant wait to get the ball rolling & get rid of the this mortgage could be one of your objectives."
But we suggest that maybe that was one of them from last year & hence the old way isn't good enough. Of course you could do what the Builder from 9 or Wayne Duck suggests & head down to the 5th pillar.
Good luck because you will be given the same type of P & I loan at maybe a lower rate. Remember that a P & I loan is designed to be longer that most marriages i.e 25 years. How about saving years off that 25 year financial noose.
Surely that is a better way. Those who were enticed into a first home owners grant maybe regretting that now.
We read today of the IPOD generation ie Insecure, Pressured,Over taxxed and Debt burdened. If you want more than an Ipod toy then actioning the resolution needs coaching.
The Red Queen might say 'off with their heads' but we didn't hear of a similar call for Justin who coaches the seriously burnt or ashen Aussie No 1 cricket team.
If you are one of those in such a position & want & need some financial coaching then we invite you for a free meal here. You can check out our menu also.
Of course you maybe in the happy position to not have had a mortgage 'forced' onto you by Mum or society or have paid off.
Then as we were discussing with Kerryn today there are other options to invest. Of course they all come with degrees of risk.
However we suggest that those with debt in Bundaberg or Condamine or elsewhere in QLD are really in serious financial risk as their debt hasn't reduced but maybe their 'asset' -no their house 'asset' is now a bigger risk. What is the bank going to say??
So we suggested to Kerryn five other markets& other asset classes outside Aussie that have well exceeded the flat returns here over 2010.
If it is a good time for Aussie travelers to travel abroad then maybe it is a good time to invest abroad. If the 'low hanging' or easy pickings have been picked over here then maybe elsewhere has a case. But where. Some are very close to our door & all can be accessed through specialist fund managers. Of course your low mysuper or industry fund won't provide these specific options. There is a cost to NOT having these options.
Lets recall that you need to have 1,000,000 in capital outside your house to maybe not rely on government later. And government today is being suggested to to include the home in pension tests.
Kerryn can enjoy the beach today.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time.
Check out our menu whilst we discuss your wholestic needs.
It won’t cost you anything but the effort to call us on 3848 1088 or email us
John McAuliffe
Anecdotal comment this week
Anecdotal comment this week
We had an anecdotal comment from the CEO, OGJ, of a possibly global business headquartered here in the West End.
Some points he made was
• A Real Estate office closing last week & it had 11 staff.
• The law firm which does his work his relocating & downsizing as it now does 3-4 conveyancing deals per week rather than the 30 – 40 deals that it used to do.
• One of the 4 banking pillars will accept ~1.4 million as mortgagee in possession rather than the original 2.38m on a penthouse.
• The same pillar will similarly accept 480,000 on a 680,000 unit.
• Another real estate agent that he was talking to suggested ‘batten down the hatches’ & ‘you will be able to steal it in 12 months’
• Another agent who for 30 years has sold at least 1 property a month for the first time did not sell a property.
What does this all mean? We have asked our major real estate agent clients ‘how’s things? & only HMC admitted that it’s not the prices that concern him it’s the number of transactions.
Just maybe the so called investor has done some sums & worked out that the income or rent from an ‘investment property’ doesn’t compare with the alternatives.
What are the alternatives? As licensed financial coaches we are unable to prescribe to you anything until we have your risk profile at least & we must use only from our dealer approved list APL for everyone’s protection. We are very aware that the only asset we have is our name & wont don’t want to lose it. We are as wary of you if we don’t know you as you are of us.
However some ideas we have used lately from an annuity paying 6.75% which is relevant for the circumstances of our client.
Or maybe China could be an idea when you read about ‘senior official warns of threat to China's grain self-sufficiency’. We do have a well regarded China fund on our dealer approved list which has done 130% over 5 years or ~17% p.a. compound which includes the GFC = Good for China.
We have recently used for ourselves a direct Self managed account SMA which has, as all want, -style:italic;">full transparency on every transaction, with a total investment & administration cost of 0.4613% or 0.5125% which will hands down beat the cost of any SMSF. It does have limits using only the top 20-25 ASX funds but it is ideal for a little of our own portfolios as we don’t have the systems or skill set to do our own. Especially selling.
We also used for some of our own portfolio another Tech fund on our APL when we read ‘We're all running around buying iPads, smart phones, and all manner of other mobile technologies so we can keep up with... each other? And again
‘ So I'm long Microsoft and Intel, both of which have triple-A balance sheets, gush mountains of free cash flow every year, and lord it over 90% and 80% of their respective markets. Raising dividends 25%-30% a year doesn't hurt, either. At those dividend growth rates, you can buy Microsoft and Intel today and you'll be earning a double-digit yield over your original cost in about five years.’
We have used before the analogy that ‘dentists don’t pull their own teeth’. I.e. it is promoted by everyone else that investing is easy. ‘Yeah right’.
It was extremely interesting to hear from a dentist yesterday that he had the amalgams pulled from his teeth in 1990. He admitted that dentists don’t want to admit the facts on Hg = mercury & some are still doing it.
Why did we use this analogy? Very simply the big boys lie & now they are being found out. What was Wiki leaks all about & will Julian from Townsville be up for a Nobel peace price? How many governments will stay away?
Maybe the NAB is just having IT issues or maybe it’s the symptom of the fact that it doesn’t have the funds as it has lent them all out. Why is there a limit from the Banks & the shops on how much you can withdraw? What if you have the funds & can’t withdraw?
The property bubble may well be at least deflating & just maybe we maybe able to ‘steal’ them in a year’s time’.
We were comfortable today when Patrick decided to postpone buying a house for a year. After all it doesn’t make sense borrowing 90% of the house value when renting would be cheaper. It would make sense if the property market prices continue up but we wouldn’t bet the house on it. Of course the bank is quite prepared to capitalise the mortgage insurance required which means Patrick would pay another multiple back to the bank. The bank wants the mortgage insurance as it is very aware the values can deflate.
Clients of our have had their taxx returns completed & have had taxx refunds of up to 15K. They are now seeing the benefits of our active wealth strategy of paying down “bad debt’ & are now building their portfolios outside the constraints of super.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time. Check out our menu whilst we discuss your wholestic needs. Maybe just drop in for Ann’s Christmas cake.
It won’t cost you anything but the effort to call us on 3848 1088 or email us on info@wealthcoach.net.au
John McAuliffe
We had an anecdotal comment from the CEO, OGJ, of a possibly global business headquartered here in the West End.
Some points he made was
• A Real Estate office closing last week & it had 11 staff.
• The law firm which does his work his relocating & downsizing as it now does 3-4 conveyancing deals per week rather than the 30 – 40 deals that it used to do.
• One of the 4 banking pillars will accept ~1.4 million as mortgagee in possession rather than the original 2.38m on a penthouse.
• The same pillar will similarly accept 480,000 on a 680,000 unit.
• Another real estate agent that he was talking to suggested ‘batten down the hatches’ & ‘you will be able to steal it in 12 months’
• Another agent who for 30 years has sold at least 1 property a month for the first time did not sell a property.
What does this all mean? We have asked our major real estate agent clients ‘how’s things? & only HMC admitted that it’s not the prices that concern him it’s the number of transactions.
Just maybe the so called investor has done some sums & worked out that the income or rent from an ‘investment property’ doesn’t compare with the alternatives.
What are the alternatives? As licensed financial coaches we are unable to prescribe to you anything until we have your risk profile at least & we must use only from our dealer approved list APL for everyone’s protection. We are very aware that the only asset we have is our name & wont don’t want to lose it. We are as wary of you if we don’t know you as you are of us.
However some ideas we have used lately from an annuity paying 6.75% which is relevant for the circumstances of our client.
Or maybe China could be an idea when you read about ‘senior official warns of threat to China's grain self-sufficiency’. We do have a well regarded China fund on our dealer approved list which has done 130% over 5 years or ~17% p.a. compound which includes the GFC = Good for China.
We have recently used for ourselves a direct Self managed account SMA which has, as all want, -style:italic;">full transparency on every transaction, with a total investment & administration cost of 0.4613% or 0.5125% which will hands down beat the cost of any SMSF. It does have limits using only the top 20-25 ASX funds but it is ideal for a little of our own portfolios as we don’t have the systems or skill set to do our own. Especially selling.
We also used for some of our own portfolio another Tech fund on our APL when we read ‘We're all running around buying iPads, smart phones, and all manner of other mobile technologies so we can keep up with... each other? And again
‘ So I'm long Microsoft and Intel, both of which have triple-A balance sheets, gush mountains of free cash flow every year, and lord it over 90% and 80% of their respective markets. Raising dividends 25%-30% a year doesn't hurt, either. At those dividend growth rates, you can buy Microsoft and Intel today and you'll be earning a double-digit yield over your original cost in about five years.’
We have used before the analogy that ‘dentists don’t pull their own teeth’. I.e. it is promoted by everyone else that investing is easy. ‘Yeah right’.
It was extremely interesting to hear from a dentist yesterday that he had the amalgams pulled from his teeth in 1990. He admitted that dentists don’t want to admit the facts on Hg = mercury & some are still doing it.
Why did we use this analogy? Very simply the big boys lie & now they are being found out. What was Wiki leaks all about & will Julian from Townsville be up for a Nobel peace price? How many governments will stay away?
Maybe the NAB is just having IT issues or maybe it’s the symptom of the fact that it doesn’t have the funds as it has lent them all out. Why is there a limit from the Banks & the shops on how much you can withdraw? What if you have the funds & can’t withdraw?
The property bubble may well be at least deflating & just maybe we maybe able to ‘steal’ them in a year’s time’.
We were comfortable today when Patrick decided to postpone buying a house for a year. After all it doesn’t make sense borrowing 90% of the house value when renting would be cheaper. It would make sense if the property market prices continue up but we wouldn’t bet the house on it. Of course the bank is quite prepared to capitalise the mortgage insurance required which means Patrick would pay another multiple back to the bank. The bank wants the mortgage insurance as it is very aware the values can deflate.
Clients of our have had their taxx returns completed & have had taxx refunds of up to 15K. They are now seeing the benefits of our active wealth strategy of paying down “bad debt’ & are now building their portfolios outside the constraints of super.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time. Check out our menu whilst we discuss your wholestic needs. Maybe just drop in for Ann’s Christmas cake.
It won’t cost you anything but the effort to call us on 3848 1088 or email us on info@wealthcoach.net.au
John McAuliffe
“The government beast in your home country feeds on debt and taxes,
“The government beast in your home country feeds on debt and taxes, and the best way to win is for bright, productive people to move away with their ideas, labor, and assets. This effectively starves the beast and accelerates its collapse. Then, when the smoke clears, you can move back and help rebuild a free society.
I'd really like to know what you think-- which is the right thing to do, stay or leave? What are you planning to do?”
This is a paragraph from one of the online services that helps provide us with an alternative view of the world.
Let’s answer what we do if we stay. I.e. do you stay & fight.
Those with mortgages make up about 35% of all households & it is they, the ‘mortgage belt’ who receive all the attention when elections happen or when interest rates rise. What can they do if they are ‘to win’? They won’t ‘win’ if they keep doing what they have done in the past. As any small business knows if it keeps doing the same it will keep achieving the same.
Let’s remind ourselves of the basics for a family.
They earn say 100,000+
They pay taxx say 25,000+
They pay say a 350,000 mortgage = DEBT @ say 7.5% interest only or ~26,000
I.e. they have 50,000 left to live on which is <1000 per week.
That’s the real world for this 35% which is a real struggle for Mum & Dad. When finances are tight relationships fray & children may lose.
As our client HMC today was earning 150k+ then the story is the same struggle
I.e. Taxx say 42,000 in taxx
The mortgage is bigger say 500,000 @7.5% = 38,000
So HMC has 70,000 left to live on which will also be a struggle because he has private school preferences which many do.
As the voters have shown recently they toss a coin whether they vote blue or red. They know that it is all wasted & they know they need this taxx money more themselves but ‘the beast’ gets in there first for its 25%-37% share. And as they say there is more. It does want need your TFN so as to know where all your money is. You need to provide it to your super fund so it doesn’t charge the maximum taxx rate.
Maybe the beast will do as Hungary did & demand your private super into its coffers as it did this week. How many government pension & health care promises are unfunded?
In case you are not aware you are only the beneficiary of your super fund as super is a trust structure. Also be aware that your non dependent elder children could pay up to 15% taxx on your super on your demise.
No wonder the struggling Aussie is disinterested in their super because they consider it a taxx.
We attempt to action what the late Don Chipp stated “keep the Beast honest”. It wants the poacher to become gamekeeper. This is why the ‘beast’ wants us to be regulated taxx agents so as we do its work. Its ATO just surrendered on that iconic Aussi Paul.
We would also suggest that as the NAB showed this week & as the global system was a blink away from in October 2008 the only cash you could have is the money in your wallet. Do you have two months income say 10,000 as cash = $ in a PVC pipe in the garden as the HMC suggested today? Do you have the B & B & B or “beans, bullets & baked beans” that online literature suggests?
As Kerryn suggested this week ‘On finances, I think I should be buying some gold before it goes up any more?
Is this going to extreme? Well watch if the Euro is a functioning currency within a timeframe. The US dollar is gradually being usurped by the Yuan in China’s sphere of influence.
Then there is the 350,000+ debt that strangles a family. There is commentary that it is government borrowings that pushes up the interest rates & whilst it might be convenient to blame the banks it is simply supply & demand. Globally governments are borrowing to support both their political promises & sovereign defaults are on the horizon.
We were discussing martial arts with our neighbour this week & although we know nothing about these we understand that you have the opponent somehow helping you.
Thus let’s have the ‘beast’ or the taxx man subsidise your personal debt. This allows the 35% to effectively reduce the two mouths who feed at the family table first i.e. the taxx man & the bank. Both are playing a game of bluff & there is our active wealth strategy that may help you not ‘keeps doing the same it will keep achieving the same’.
We read today that Aussies financially befuddled.
Of course if you belong in the 65% who don’t have debt then some foresight could also save you from the ‘beast’.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time.
It won’t cost you anything but the effort to call us on 3848 1088 or email us on info@wealthcoach.net.au
John McAuliffe
I'd really like to know what you think-- which is the right thing to do, stay or leave? What are you planning to do?”
This is a paragraph from one of the online services that helps provide us with an alternative view of the world.
Let’s answer what we do if we stay. I.e. do you stay & fight.
Those with mortgages make up about 35% of all households & it is they, the ‘mortgage belt’ who receive all the attention when elections happen or when interest rates rise. What can they do if they are ‘to win’? They won’t ‘win’ if they keep doing what they have done in the past. As any small business knows if it keeps doing the same it will keep achieving the same.
Let’s remind ourselves of the basics for a family.
They earn say 100,000+
They pay taxx say 25,000+
They pay say a 350,000 mortgage = DEBT @ say 7.5% interest only or ~26,000
I.e. they have 50,000 left to live on which is <1000 per week.
That’s the real world for this 35% which is a real struggle for Mum & Dad. When finances are tight relationships fray & children may lose.
As our client HMC today was earning 150k+ then the story is the same struggle
I.e. Taxx say 42,000 in taxx
The mortgage is bigger say 500,000 @7.5% = 38,000
So HMC has 70,000 left to live on which will also be a struggle because he has private school preferences which many do.
As the voters have shown recently they toss a coin whether they vote blue or red. They know that it is all wasted & they know they need this taxx money more themselves but ‘the beast’ gets in there first for its 25%-37% share. And as they say there is more. It does want need your TFN so as to know where all your money is. You need to provide it to your super fund so it doesn’t charge the maximum taxx rate.
Maybe the beast will do as Hungary did & demand your private super into its coffers as it did this week. How many government pension & health care promises are unfunded?
In case you are not aware you are only the beneficiary of your super fund as super is a trust structure. Also be aware that your non dependent elder children could pay up to 15% taxx on your super on your demise.
No wonder the struggling Aussie is disinterested in their super because they consider it a taxx.
We attempt to action what the late Don Chipp stated “keep the Beast honest”. It wants the poacher to become gamekeeper. This is why the ‘beast’ wants us to be regulated taxx agents so as we do its work. Its ATO just surrendered on that iconic Aussi Paul.
We would also suggest that as the NAB showed this week & as the global system was a blink away from in October 2008 the only cash you could have is the money in your wallet. Do you have two months income say 10,000 as cash = $ in a PVC pipe in the garden as the HMC suggested today? Do you have the B & B & B or “beans, bullets & baked beans” that online literature suggests?
As Kerryn suggested this week ‘On finances, I think I should be buying some gold before it goes up any more?
Is this going to extreme? Well watch if the Euro is a functioning currency within a timeframe. The US dollar is gradually being usurped by the Yuan in China’s sphere of influence.
Then there is the 350,000+ debt that strangles a family. There is commentary that it is government borrowings that pushes up the interest rates & whilst it might be convenient to blame the banks it is simply supply & demand. Globally governments are borrowing to support both their political promises & sovereign defaults are on the horizon.
We were discussing martial arts with our neighbour this week & although we know nothing about these we understand that you have the opponent somehow helping you.
Thus let’s have the ‘beast’ or the taxx man subsidise your personal debt. This allows the 35% to effectively reduce the two mouths who feed at the family table first i.e. the taxx man & the bank. Both are playing a game of bluff & there is our active wealth strategy that may help you not ‘keeps doing the same it will keep achieving the same’.
We read today that Aussies financially befuddled.
Of course if you belong in the 65% who don’t have debt then some foresight could also save you from the ‘beast’.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time.
It won’t cost you anything but the effort to call us on 3848 1088 or email us on info@wealthcoach.net.au
John McAuliffe
the opportunity to purchase Apartments at Zetland.
We are very pleased to be able to offer you the opportunity to purchase Apartments at Zetland.
These are located on Victoria Park Parade in Zetland, just a short distance from the Sydney CBD (5 kilometres), the Eastern Suburbs and beaches.
Each of the one, two and three bedroom apartments (total of just 70) feature timber floors in the living areas, stone bench-tops and quality European appliances.
Many apartments come with at least one security car space (there are City of Sydney Council restrictions on one bedroom apartments so these do not have car spaces unfortunately).
The development and design teams have a strong history in residential property projects. The developer, P & J Projects, has a long history of development in Sydney (think Yellow House, Potts Point) and has engaged the services of a professional team to deliver to prospective purchasers. Renowned architects Tzannes Associates and builders Hutchinson round out the impressive team.
Development Essentials;
· One bedroom apartments from $425,000
o Rental estimates $450 to $490 per week
· Two bedroom apartments with parking from $555,000
o Rental estimates $550 to $650 per week
The apartments feature
2.7m ceilings
Miele & SMEG appliances
Timber boards in living areas
Caesarstone bench-tops
You are welcome to contact us on 07 3848 1088 or email for the following documents for your perusal;
Sample floor plates (plans to come)
Architectural images
Schedule of Finishes
Due for completion around March 2012 Stella represents a great opportunity to purchase a quality apartment now with zero stamp duty for sub-$600,000 apartments.
If you are interested in this project please contact us directly via email or phone on 07 3848 1088 and we would be very pleased to assist.
The project is launching this weekend; you will be able to purchase an apartment as early as Saturday morning 13th November 2010 from 8:00am by appointment with our referral partner Barry Porter.
Kind regards
John McAuliffe
These are located on Victoria Park Parade in Zetland, just a short distance from the Sydney CBD (5 kilometres), the Eastern Suburbs and beaches.
Each of the one, two and three bedroom apartments (total of just 70) feature timber floors in the living areas, stone bench-tops and quality European appliances.
Many apartments come with at least one security car space (there are City of Sydney Council restrictions on one bedroom apartments so these do not have car spaces unfortunately).
The development and design teams have a strong history in residential property projects. The developer, P & J Projects, has a long history of development in Sydney (think Yellow House, Potts Point) and has engaged the services of a professional team to deliver to prospective purchasers. Renowned architects Tzannes Associates and builders Hutchinson round out the impressive team.
Development Essentials;
· One bedroom apartments from $425,000
o Rental estimates $450 to $490 per week
· Two bedroom apartments with parking from $555,000
o Rental estimates $550 to $650 per week
The apartments feature
2.7m ceilings
Miele & SMEG appliances
Timber boards in living areas
Caesarstone bench-tops
You are welcome to contact us on 07 3848 1088 or email for the following documents for your perusal;
Sample floor plates (plans to come)
Architectural images
Schedule of Finishes
Due for completion around March 2012 Stella represents a great opportunity to purchase a quality apartment now with zero stamp duty for sub-$600,000 apartments.
If you are interested in this project please contact us directly via email or phone on 07 3848 1088 and we would be very pleased to assist.
The project is launching this weekend; you will be able to purchase an apartment as early as Saturday morning 13th November 2010 from 8:00am by appointment with our referral partner Barry Porter.
Kind regards
John McAuliffe
Ryan, Pim & the Green Man
Ryan, Pim & the Green Man
We have just returned from a family business trip to Europe which had a number of family objectives in mind. We must say that due to the late night hours put in by our Young travel agent that the trip was described as ‘brilliant’ by the family. It proves the old adage that ‘plenty of preparation & perspiration produces a perfect performance’. Thank you to that Young travel agent who completed the many & complex details involved.
We commenced in London where Ryan guided us around various Harry Potter film locations & helped to turn those abstract ideas from the books into the concrete.
This could also be said with the family viewing those traditional tourist sites such as Big Ben which we had read about in Peter Pan with Wendy & Mr. Darling.
We visited the palaces such as Windsor & Buckingham & Hampton Court where a common feature was an audio tape describing the history & an insight into the site.
St Paul’s similarly provided the audio to fill out the details. We become comfortable with travel in London quickly with the bus & tube maps very helpful guides.
As Ryan had mentioned other Harry Potter film locations were in Oxford so we checked out the great hall at Christ Church College & the Cloisters at New College. It was here that we meet an old classmate who is now a professor at Oxford University. We discussed why our university & our class were so successful & concluded it was our parents & teachers & professors who had guided & mentored & coached us.
We flew to Ireland where brother Pim had provided a suggested itinerary. After a debate the family agreed on a ‘Never Lost’ or ‘Tom Tom’ or ‘Navman’ would be essential to navigate out of the cities & around the byways of a green Ireland. It would have been extremely stressful & maybe a breaking point if we had attempted our Ireland walkabout with out this guidance tool.
We flew into Amsterdam where Pim took over as our guide. Here we were introduced to the Green man at the pedestrian crossing. We were to move only when he appeared. Otherwise you could be mowed down by cars in one way streets or the Dutch Bike coming from either direction on a separate bikeway. It was noted that one bike stand had allegedly 40,000 bikes & close to zero cyclists wore helmets. What a comparison to over regulated Wonderland. Hence we were able to maximise the moment & the few days there to do the canal trips, study van Goff & train to Zandvoort. We didn’t check out the coffee shops as we were a family group.
Pim was also our guide to Paris. We would not have seen so much if we didn’t have his local knowledge. He attributed his French language skills to a particular teacher of French in his last term of grade 10.
It was during our flight home that we heard that the master coach Robbie Deans had the Wallabies producing a win after 10 consecutive losses to the All Blacks.
We returned to Wonderland where the standard answers to ‘what’s been happening?’ was ‘nothing’. Well we achieved more or maybe what we expected due to our planning & our guides. If it wasn’t for Ryan & Pim & our other mentors & coaches we also would have achieved ‘nothing’.
This week the RBA is punishing the mortgage holders & families are going to be under more financial stress. However the CBA decided that a 0.25% increase wasn’t sufficient & has increased their mortgage rate by nearly double that amount or 0.45%. Of course 6 billion in profits each is good for shareholders.
The Courier mail reports that the battlers on average have $18 left each week after basic costs. It is no surprise to us & iIf you are financially squeeced then our active wealth strategy to reduce debt & Taxx is worth contacting us.
If you imagine & dream that as most of our contempories do that you will want that big trip at 60 then it is cheaper to plan today than procrastinate until tomorrow. If you want to do that trip several times then in the bank account isn’t good enough.
If you want that ‘we saw the Kimberley Outback for $85K – definitely camping with a hint of luxury!!!’ For that active grey lap that Robyn was looking at then saving now is cheaper than a loan in the future.
Welcome to call on 3848 1088 or email us on info@wealthcoach.net.au. We all need guides & coaches to help us achieve our goals. It is no use reinventing the wheel & ‘dentists don’t pull their own teeth’.
The Red Queen used the word dialogue several times in one interview we heard today. She was out of the country & it was for an international audience. She certainly doesn’t do so here as it is all one way.
Let’s have a dialogue over a meal. We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your time. It won’t cost you anything but the effort.
John McAuliffe
We have just returned from a family business trip to Europe which had a number of family objectives in mind. We must say that due to the late night hours put in by our Young travel agent that the trip was described as ‘brilliant’ by the family. It proves the old adage that ‘plenty of preparation & perspiration produces a perfect performance’. Thank you to that Young travel agent who completed the many & complex details involved.
We commenced in London where Ryan guided us around various Harry Potter film locations & helped to turn those abstract ideas from the books into the concrete.
This could also be said with the family viewing those traditional tourist sites such as Big Ben which we had read about in Peter Pan with Wendy & Mr. Darling.
We visited the palaces such as Windsor & Buckingham & Hampton Court where a common feature was an audio tape describing the history & an insight into the site.
St Paul’s similarly provided the audio to fill out the details. We become comfortable with travel in London quickly with the bus & tube maps very helpful guides.
As Ryan had mentioned other Harry Potter film locations were in Oxford so we checked out the great hall at Christ Church College & the Cloisters at New College. It was here that we meet an old classmate who is now a professor at Oxford University. We discussed why our university & our class were so successful & concluded it was our parents & teachers & professors who had guided & mentored & coached us.
We flew to Ireland where brother Pim had provided a suggested itinerary. After a debate the family agreed on a ‘Never Lost’ or ‘Tom Tom’ or ‘Navman’ would be essential to navigate out of the cities & around the byways of a green Ireland. It would have been extremely stressful & maybe a breaking point if we had attempted our Ireland walkabout with out this guidance tool.
We flew into Amsterdam where Pim took over as our guide. Here we were introduced to the Green man at the pedestrian crossing. We were to move only when he appeared. Otherwise you could be mowed down by cars in one way streets or the Dutch Bike coming from either direction on a separate bikeway. It was noted that one bike stand had allegedly 40,000 bikes & close to zero cyclists wore helmets. What a comparison to over regulated Wonderland. Hence we were able to maximise the moment & the few days there to do the canal trips, study van Goff & train to Zandvoort. We didn’t check out the coffee shops as we were a family group.
Pim was also our guide to Paris. We would not have seen so much if we didn’t have his local knowledge. He attributed his French language skills to a particular teacher of French in his last term of grade 10.
It was during our flight home that we heard that the master coach Robbie Deans had the Wallabies producing a win after 10 consecutive losses to the All Blacks.
We returned to Wonderland where the standard answers to ‘what’s been happening?’ was ‘nothing’. Well we achieved more or maybe what we expected due to our planning & our guides. If it wasn’t for Ryan & Pim & our other mentors & coaches we also would have achieved ‘nothing’.
This week the RBA is punishing the mortgage holders & families are going to be under more financial stress. However the CBA decided that a 0.25% increase wasn’t sufficient & has increased their mortgage rate by nearly double that amount or 0.45%. Of course 6 billion in profits each is good for shareholders.
The Courier mail reports that the battlers on average have $18 left each week after basic costs. It is no surprise to us & iIf you are financially squeeced then our active wealth strategy to reduce debt & Taxx is worth contacting us.
If you imagine & dream that as most of our contempories do that you will want that big trip at 60 then it is cheaper to plan today than procrastinate until tomorrow. If you want to do that trip several times then in the bank account isn’t good enough.
If you want that ‘we saw the Kimberley Outback for $85K – definitely camping with a hint of luxury!!!’ For that active grey lap that Robyn was looking at then saving now is cheaper than a loan in the future.
Welcome to call on 3848 1088 or email us on info@wealthcoach.net.au. We all need guides & coaches to help us achieve our goals. It is no use reinventing the wheel & ‘dentists don’t pull their own teeth’.
The Red Queen used the word dialogue several times in one interview we heard today. She was out of the country & it was for an international audience. She certainly doesn’t do so here as it is all one way.
Let’s have a dialogue over a meal. We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your time. It won’t cost you anything but the effort.
John McAuliffe
Sustainable Investing - How you can make a difference
“ Sustainable Investing - How you can make a difference
You are invited to attend a special early evening briefing session on
Tuesday 12 October, 2010
starting at 6.00pm for light refreshments followed by a talk from Jo Hume
Learn about Sustainable Investing and how your investment choices
can make a difference.
Sustainable Investing has become a vital key in helping to reverse the trends posed by global warming and the generally unsustainable use of resources currently in place in both our own and emerging economies.
Since 2002 CVC, through CVC Renewable Energy Equity Fund and CVC Sustainable Investments has been a front runner in developing investment opportunities for investors that can make a difference.
The essential message is that there are real reasons for optimism in the rapidly growing sector of sustainable investing.
Your investment in the best range of Clean Tech companies can reduce carbon emissions, remove pollution and save our resources.
True Sustainable Investing
Your Speaker - Jo Hume
Jo Hume has had over 15 years experience in the energy and environmental sectors. Prior to her role as Investment Analyst for CVC Limited Jo was employed with AGL as a senior energy analyst (commercial) who managed development strategies and acquisitions of infrastructureprojects.
Jo was in charge of the NZ Business Council for Sustainable Development. Currently
she is also a Director of the Australia-NZ Climate Change and Business Centre. A Master of Engineering, Jo was awarded a Churchill Fellowship, the Premier’ s Award for environment and education and is a Queens Trust Forum participant
Venue: Riverbend Teahouse
193 Oxford Street, Bulimba, Brisbane.
Timings: Guests are asked to arrive around 6:00pm for a 6.30pm start. Event concludes by 8.00pm.
Attendance: Please confirm attendance or interest by return email to Tony McLennan,
If you wish to invite another guest or guests to attend with you please
call Tony (0419 483 096) who will make arrangements for your guest.
But please be quick as spaces are limited.
The session will be chaired by
Karen McLeod, Ethical Investment Advisers
John McAuliffe
You are invited to attend a special early evening briefing session on
Tuesday 12 October, 2010
starting at 6.00pm for light refreshments followed by a talk from Jo Hume
Learn about Sustainable Investing and how your investment choices
can make a difference.
Sustainable Investing has become a vital key in helping to reverse the trends posed by global warming and the generally unsustainable use of resources currently in place in both our own and emerging economies.
Since 2002 CVC, through CVC Renewable Energy Equity Fund and CVC Sustainable Investments has been a front runner in developing investment opportunities for investors that can make a difference.
The essential message is that there are real reasons for optimism in the rapidly growing sector of sustainable investing.
Your investment in the best range of Clean Tech companies can reduce carbon emissions, remove pollution and save our resources.
True Sustainable Investing
Your Speaker - Jo Hume
Jo Hume has had over 15 years experience in the energy and environmental sectors. Prior to her role as Investment Analyst for CVC Limited Jo was employed with AGL as a senior energy analyst (commercial) who managed development strategies and acquisitions of infrastructureprojects.
Jo was in charge of the NZ Business Council for Sustainable Development. Currently
she is also a Director of the Australia-NZ Climate Change and Business Centre. A Master of Engineering, Jo was awarded a Churchill Fellowship, the Premier’ s Award for environment and education and is a Queens Trust Forum participant
Venue: Riverbend Teahouse
193 Oxford Street, Bulimba, Brisbane.
Timings: Guests are asked to arrive around 6:00pm for a 6.30pm start. Event concludes by 8.00pm.
Attendance: Please confirm attendance or interest by return email to Tony McLennan,
If you wish to invite another guest or guests to attend with you please
call Tony (0419 483 096) who will make arrangements for your guest.
But please be quick as spaces are limited.
The session will be chaired by
Karen McLeod, Ethical Investment Advisers
John McAuliffe
Certain, Likely, Impossible
Certain, likely or impossible were the choices when tutoring our grade 3 daughter in some maths recently. The other term introduced was outcome as in rolling a die.
We recently wrote on the likelihood of a shareholder having a major illness or TPD or death when there were two or three shareholders.
When there were 2 shareholders in a small company the likelihood was of such before age 65 was 57% depending on their ages.
When there were 3 shareholders the likely chance was 70%.
So what is the likelihood of such an event when there are 150 shareholders? Yes we mean the House of Representatives & the chances must be ‘almost certain’ that there will be such an event. I.e. it is ‘almost certain’ that we will have another bye election in the near term & the outcome could be very interesting. It may well produce the outcome of another general election with all it permutations & combinations.
At the moment we have the ‘beautiful ugliness’ that an ‘independent’ described would happen. It is likely that very little new law will be passed & hence we hope we may not be saddled with more law or taxx. Let’s enjoy a well hung parliament & may it continue. It certainly won’t be to reverse any taxxes or reverse any law as that is impossible.
We read of the Gnome from the RBA suggesting that it is likely to raise interest rates in either October or November. This will certainly make the mortgage battler struggle even more.
‘Amy’ called ‘help’ recently when she described her position. She has a mortgage of $444,000 with a $10,000 personal loan & wanting to start a family. This is fair enough & there are very many like her.
Her certain challenge is
A debt of 454,000 @ a possible 7.5% variable interest only means 34,000p.a after taxx before she starts to pay down any principal.
We know that most family’s need a minimum of 1000 per week for living expenses or 52,000p.a. They will need more if there is a car lease.
That’s at least a net after taxx income of $86,000 required.
Thus the family needs a gross $110,000 to achieve both a family & a house. How many families earn that?
That is certainly a struggle for all & we hope that it doesn’t end nastily in 10 years as many do.
So what is Amy or others to do? Maybe she could do what Michael Bloomberg does & own only 2 pairs of shoes. She certainly needs Dan to work from dawn to dusk as the family needs $110,000. She needs to keep working herself as long as is possible but she is likely, as others do, to have two children. Elizabeth found out teaching & with two children means a burn out.
Another option for Amy would be to sell the house as paying ‘rent’ to the bank means you are paying more than a renter & also paying for maintainence & utilities. However there is a 5% cost to selling & ideally all families deserve a home. It certainly means the great Australian dream could end up as a nightmare.
It is certain that Bob from the Senate doesn’t do these simple raw numbers for Amanda. He doesn’t see that Amy would be struggling financially forever. Bob is suggesting more taxxes including past the grave for maybe the greater good.
The Gnome doesn’t live in Amanda’s world but how many families do. Lets raise interest rates & money cost to you as I can. What chance has Amy & Dan of financially surviving when there maybe 5 rates rises to come. It’s scary how a few can rule & financially repress all of the country.
We had two well educated visitors comment recently.
David ‘in a heartbeat’ will be out of the country with his family to Shanghai if for no other reason the taxx rate is 5%. The Chinese were ‘gob smacked’ that you can pay up to 50% to any government.
Liza suggested that she would quit & go onto the dole if regulations become even sillier.
Amy & similar battlers burdened with debt need to act to reduce their taxxes & mortgages simultaneously with our active wealth strategy.
Call on 07 3848 1088 or email info@wealthcoach.net.au today
John McAuliffe
We recently wrote on the likelihood of a shareholder having a major illness or TPD or death when there were two or three shareholders.
When there were 2 shareholders in a small company the likelihood was of such before age 65 was 57% depending on their ages.
When there were 3 shareholders the likely chance was 70%.
So what is the likelihood of such an event when there are 150 shareholders? Yes we mean the House of Representatives & the chances must be ‘almost certain’ that there will be such an event. I.e. it is ‘almost certain’ that we will have another bye election in the near term & the outcome could be very interesting. It may well produce the outcome of another general election with all it permutations & combinations.
At the moment we have the ‘beautiful ugliness’ that an ‘independent’ described would happen. It is likely that very little new law will be passed & hence we hope we may not be saddled with more law or taxx. Let’s enjoy a well hung parliament & may it continue. It certainly won’t be to reverse any taxxes or reverse any law as that is impossible.
We read of the Gnome from the RBA suggesting that it is likely to raise interest rates in either October or November. This will certainly make the mortgage battler struggle even more.
‘Amy’ called ‘help’ recently when she described her position. She has a mortgage of $444,000 with a $10,000 personal loan & wanting to start a family. This is fair enough & there are very many like her.
Her certain challenge is
A debt of 454,000 @ a possible 7.5% variable interest only means 34,000p.a after taxx before she starts to pay down any principal.
We know that most family’s need a minimum of 1000 per week for living expenses or 52,000p.a. They will need more if there is a car lease.
That’s at least a net after taxx income of $86,000 required.
Thus the family needs a gross $110,000 to achieve both a family & a house. How many families earn that?
That is certainly a struggle for all & we hope that it doesn’t end nastily in 10 years as many do.
So what is Amy or others to do? Maybe she could do what Michael Bloomberg does & own only 2 pairs of shoes. She certainly needs Dan to work from dawn to dusk as the family needs $110,000. She needs to keep working herself as long as is possible but she is likely, as others do, to have two children. Elizabeth found out teaching & with two children means a burn out.
Another option for Amy would be to sell the house as paying ‘rent’ to the bank means you are paying more than a renter & also paying for maintainence & utilities. However there is a 5% cost to selling & ideally all families deserve a home. It certainly means the great Australian dream could end up as a nightmare.
It is certain that Bob from the Senate doesn’t do these simple raw numbers for Amanda. He doesn’t see that Amy would be struggling financially forever. Bob is suggesting more taxxes including past the grave for maybe the greater good.
The Gnome doesn’t live in Amanda’s world but how many families do. Lets raise interest rates & money cost to you as I can. What chance has Amy & Dan of financially surviving when there maybe 5 rates rises to come. It’s scary how a few can rule & financially repress all of the country.
We had two well educated visitors comment recently.
David ‘in a heartbeat’ will be out of the country with his family to Shanghai if for no other reason the taxx rate is 5%. The Chinese were ‘gob smacked’ that you can pay up to 50% to any government.
Liza suggested that she would quit & go onto the dole if regulations become even sillier.
Amy & similar battlers burdened with debt need to act to reduce their taxxes & mortgages simultaneously with our active wealth strategy.
Call on 07 3848 1088 or email info@wealthcoach.net.au today
John McAuliffe
But what if one of them dies?
But what if one of them dies?
Do you want to have as a future partner your ex business partner’s spouse’s solicitor?
Does your business have a ‘business’ will?
The chance of death, total and permanent disability (TPD) or critical illness (CI) among business partners is surprisingly high.
The chance of any individual business partner or key person dying, becoming totally and permanently disabled or suffering a critical illness before age 65 is
Eg 1 Yourself Male 40 Partner male 45
35% 33%
The chance that one of you will die, become totally and permanently disabled or suffering a critical illness before age 65 is 57%.
EG 2
The chance of any individual business partner or key person dying, becoming totally and permanently disabled or suffering a critical illness before age 65 is
Yourself Male 40 Partner male 45 Partner male 50
35% 33% 30%
The chance that one of you will die, become totally and permanently disabled or suffering a critical illness before age 65 is 70%.
No doubt you have insured your Car, Home & Contents.
Why not insure your most valuable asset.....you and your business partners!
Where does the $ = money come from?
The problem
While the business owners are alive, they can at least negotiate a buy-out amongst themselves, for example on an owner's retirement. But what if one of them dies?
The remaining owners must now negotiate with the deceased owner's legal personal representative, who may well be more concerned about the needs of the estate rather than the needs of the business.
Many business owners mistakenly believe that this contingency has been catered for in the business' constitutional documentation. Often there is no buy-out provision; or if there is, it's usually ineffectually drawn up and inadequately funded.
Where does the money come from?
What are the alternatives?
Do you remortgage the house?
do you sell the business?
Can you borrow the funds?
Will the bank lend to you?
Do you want another business partner?
How do you pay out the heirs?
Ownership Protection (Business Succession)
Ownership Protection helps the smooth succession of the business from one owner to another and provides security for employees through the continuity of employment.
People don't plan to fail, but they typically fail to plan.
This age-old truth has particular relevance to owners other than husband and wife business co-owners, where the death of an owner can result in the end of an otherwise viable business simply because of the lack of business succession planning.
The solution
Ownership Protection can provide the continuing owners, or their nominee, with sufficient cash for the transfer of the outgoing owner's equity to the continuing owners, if a business owner dies, is disabled or suffers a critical illness.
To find out more about Ownership Protection (Business Succession), get in touch with your financial adviser John McAuliffe on 07 3848 1088
Do you want to have as a future partner your ex business partner’s spouse’s solicitor?
Does your business have a ‘business’ will?
The chance of death, total and permanent disability (TPD) or critical illness (CI) among business partners is surprisingly high.
The chance of any individual business partner or key person dying, becoming totally and permanently disabled or suffering a critical illness before age 65 is
Eg 1 Yourself Male 40 Partner male 45
35% 33%
The chance that one of you will die, become totally and permanently disabled or suffering a critical illness before age 65 is 57%.
EG 2
The chance of any individual business partner or key person dying, becoming totally and permanently disabled or suffering a critical illness before age 65 is
Yourself Male 40 Partner male 45 Partner male 50
35% 33% 30%
The chance that one of you will die, become totally and permanently disabled or suffering a critical illness before age 65 is 70%.
No doubt you have insured your Car, Home & Contents.
Why not insure your most valuable asset.....you and your business partners!
Where does the $ = money come from?
The problem
While the business owners are alive, they can at least negotiate a buy-out amongst themselves, for example on an owner's retirement. But what if one of them dies?
The remaining owners must now negotiate with the deceased owner's legal personal representative, who may well be more concerned about the needs of the estate rather than the needs of the business.
Many business owners mistakenly believe that this contingency has been catered for in the business' constitutional documentation. Often there is no buy-out provision; or if there is, it's usually ineffectually drawn up and inadequately funded.
Where does the money come from?
What are the alternatives?
Do you remortgage the house?
do you sell the business?
Can you borrow the funds?
Will the bank lend to you?
Do you want another business partner?
How do you pay out the heirs?
Ownership Protection (Business Succession)
Ownership Protection helps the smooth succession of the business from one owner to another and provides security for employees through the continuity of employment.
People don't plan to fail, but they typically fail to plan.
This age-old truth has particular relevance to owners other than husband and wife business co-owners, where the death of an owner can result in the end of an otherwise viable business simply because of the lack of business succession planning.
The solution
Ownership Protection can provide the continuing owners, or their nominee, with sufficient cash for the transfer of the outgoing owner's equity to the continuing owners, if a business owner dies, is disabled or suffers a critical illness.
To find out more about Ownership Protection (Business Succession), get in touch with your financial adviser John McAuliffe on 07 3848 1088
How to save $2,000 or is it $4,000+
How to save $2,000 or is it $4,000+
Yes, would $2000 or is it $4,000+ be useful in your account. You could no doubt start with 10 fast answers on a better way to use it than big government.
It is simply that the proposed NBN will cost each person $2000 in taxx. The total cost which has been suggested without a business plan or costings & maybe requiring a compulsory take up is $43 Billion which divided by 21milion is $2,000 p.p. This means for a family unit the cost could be $4000+.
Let us face it the great majority need that $2,000 or $4,000 & certainly could use it better than big brother or is it big sister. The family certainly needs at first to pay off the credit card or to reduce their mortgage. We have all seen what that does to the term of a loan.
After that the family could certainly make that fast 10 list to an easy 50 list on where to invest that $4000. E.g. shoes or a laptop for other members of the family. Whoops did we say laptops which are usually wireless i.e. not Fibre & fixed.
As Terry McCrann wrote in a full & researched column in ‘Patchwork is cover enough’. He concludes that ‘the future will clearly be a mix of a fibre core & wireless’. Terry also concludes ‘it is both fiscal & technological insanity to dump the Telstra & Optus cables that can provide 100Mbps broadband virtually right now to perhaps 1/3 of Australian premises’.
Jennifer Hewett writes in ‘Broadband takes centre stage in debate on future’ and concludes ‘The implementation study declared this possible in the very long term -- 15 years minimum -- although at very low rates of return just over the government bond rate. But this requires a very high percentage of homes -- between 75 per cent to 90 per cent -- to pay to take the service. ‘That is a very big gamble, even dressed up as vision’.
The red queen ‘Gillard defers NBN questions’ when ‘it depends what you want,'' Ms Gillard said, adding the beauty of network was that it "super fast'.
Malcolm writes ‘Seven reasons why the NBN will fail’ will ‘the most expensive network in the world’.
Michael Stutchbury writes ‘Same old election-time pork barrel for broadband and rail’.
The other demand for your taxx dollar is on health. That is a black hole which will absorb every dollar created. Hence a paradigm shift is required & it starts with the individual not making a lifetime of bad health decisions. It starts at the bus stop where we see a stylised red girl advertising a big seller in the supermarket. However it has serious downsides with fructose & aspartame ingredients. It is sweet & toxic.
We read in the W/E Australian 14 August that the blue gang has promised 21.54B & the red gang 5.5B We don’t see where the 43B is defined but we will take the Australian any time than the other gang of 2 member who is elsewhere defined in ‘There will be blood, regardless of the result’.
As a wealth coach we must & do play by the rules of the game. However the rules are made by those who don’t play the game themselves. As John Weir wrote in a letter to W/E Australian ‘it is difficult to see why being unionised would help anyone but the unions. Perhaps to an old leftie this is a virtue in itself’.
The Pareto Principal suggests 80% will vote on tribal instincts which are an emotional decision. That is good enough when your team plays sport but it isn’t good enough when voting. The head should rule the heart & the above links have rationalized the arguments.
The other 20% may listen to Mark Latham who apparently suggests spoiling the ballot paper. It is known that the green gang advocates a larger mining taxx which doesn’t help anyone including you.
We viewed this week on the BBC a programme on the most famous soccer club = Man U being in debt for $1.23B. Their owners Glasson’s have 64 USA malls in negative equity. The Gunners are up for $700m & all the rest of the EPL are in similar circumstances. You can’t do much when you are in debt.
The USA is similar with 13 Trillion & comments suggest a 3rd world country. We note that when in debt one has less power & say.
Globally & nationally & individually we need less debt. It is no use borrowing to pay down existing debt as that is the same as using the credit card to pay the mortgage.
We comment because taxx is a dead weight on your budget & hence needs to be legitimately minimised. It is fundamental that you can look after yourself better than all knowing big government. Do you waste your money?
Hence we must conclude that this $2,000 or is it $4,000+ could be much better not spent by little sister but by you.
The Sunday mail editorial writes ‘Labor administration has squandered goodwill and Abbott Coalition deserves chance’.
It is time the $2,000 or $4,000+ buck stopped with you. The NBN is welfare for tech heads.
Welcome to call on 07 3848 1088 or email or visit our websites as others have & do.
Our active wealth strategy may help you.
John McAuliffe
Yes, would $2000 or is it $4,000+ be useful in your account. You could no doubt start with 10 fast answers on a better way to use it than big government.
It is simply that the proposed NBN will cost each person $2000 in taxx. The total cost which has been suggested without a business plan or costings & maybe requiring a compulsory take up is $43 Billion which divided by 21milion is $2,000 p.p. This means for a family unit the cost could be $4000+.
Let us face it the great majority need that $2,000 or $4,000 & certainly could use it better than big brother or is it big sister. The family certainly needs at first to pay off the credit card or to reduce their mortgage. We have all seen what that does to the term of a loan.
After that the family could certainly make that fast 10 list to an easy 50 list on where to invest that $4000. E.g. shoes or a laptop for other members of the family. Whoops did we say laptops which are usually wireless i.e. not Fibre & fixed.
As Terry McCrann wrote in a full & researched column in ‘Patchwork is cover enough’. He concludes that ‘the future will clearly be a mix of a fibre core & wireless’. Terry also concludes ‘it is both fiscal & technological insanity to dump the Telstra & Optus cables that can provide 100Mbps broadband virtually right now to perhaps 1/3 of Australian premises’.
Jennifer Hewett writes in ‘Broadband takes centre stage in debate on future’ and concludes ‘The implementation study declared this possible in the very long term -- 15 years minimum -- although at very low rates of return just over the government bond rate. But this requires a very high percentage of homes -- between 75 per cent to 90 per cent -- to pay to take the service. ‘That is a very big gamble, even dressed up as vision’.
The red queen ‘Gillard defers NBN questions’ when ‘it depends what you want,'' Ms Gillard said, adding the beauty of network was that it "super fast'.
Malcolm writes ‘Seven reasons why the NBN will fail’ will ‘the most expensive network in the world’.
Michael Stutchbury writes ‘Same old election-time pork barrel for broadband and rail’.
The other demand for your taxx dollar is on health. That is a black hole which will absorb every dollar created. Hence a paradigm shift is required & it starts with the individual not making a lifetime of bad health decisions. It starts at the bus stop where we see a stylised red girl advertising a big seller in the supermarket. However it has serious downsides with fructose & aspartame ingredients. It is sweet & toxic.
We read in the W/E Australian 14 August that the blue gang has promised 21.54B & the red gang 5.5B We don’t see where the 43B is defined but we will take the Australian any time than the other gang of 2 member who is elsewhere defined in ‘There will be blood, regardless of the result’.
As a wealth coach we must & do play by the rules of the game. However the rules are made by those who don’t play the game themselves. As John Weir wrote in a letter to W/E Australian ‘it is difficult to see why being unionised would help anyone but the unions. Perhaps to an old leftie this is a virtue in itself’.
The Pareto Principal suggests 80% will vote on tribal instincts which are an emotional decision. That is good enough when your team plays sport but it isn’t good enough when voting. The head should rule the heart & the above links have rationalized the arguments.
The other 20% may listen to Mark Latham who apparently suggests spoiling the ballot paper. It is known that the green gang advocates a larger mining taxx which doesn’t help anyone including you.
We viewed this week on the BBC a programme on the most famous soccer club = Man U being in debt for $1.23B. Their owners Glasson’s have 64 USA malls in negative equity. The Gunners are up for $700m & all the rest of the EPL are in similar circumstances. You can’t do much when you are in debt.
The USA is similar with 13 Trillion & comments suggest a 3rd world country. We note that when in debt one has less power & say.
Globally & nationally & individually we need less debt. It is no use borrowing to pay down existing debt as that is the same as using the credit card to pay the mortgage.
We comment because taxx is a dead weight on your budget & hence needs to be legitimately minimised. It is fundamental that you can look after yourself better than all knowing big government. Do you waste your money?
Hence we must conclude that this $2,000 or is it $4,000+ could be much better not spent by little sister but by you.
The Sunday mail editorial writes ‘Labor administration has squandered goodwill and Abbott Coalition deserves chance’.
It is time the $2,000 or $4,000+ buck stopped with you. The NBN is welfare for tech heads.
Welcome to call on 07 3848 1088 or email or visit our websites as others have & do.
Our active wealth strategy may help you.
John McAuliffe
Renovating the House
Renovating the House
Yes we have just renovated Parliament House or rather the ALP has found it won’t sell at the forthcoming election auction shortly & hence some renovating was required. The Lifestyle Channel has been very successful with its programmes on selling houses after a makeover. Will it work for the ALP?
The owner of a house up for auction or sale is always very aware of the cosmetics they have applied to improve the selling price. So too we very aware of the cosmetics the ALP has applied to win the next term.
The owner of a house up for sale is also very aware of the problems that still exist & which are frequently structural & too expensive to fix. In many cases the house owner is keen to move & accept a lower price. However the ALP is not keen to move so do we accept a lower price.
The cosmetics have not changed the fact that underneath nothing has changed. There is still the belief that big government can do better with your savings than you can. That is the core structural problem.
It is being recognised elsewhere that at some time you must life within your means e.g. UK where they have had to bring in austerity measures after finding the rot left by the previous Brown & Blair Labour governments.
Do we want to the ALP to continue & produce the same rot as the Euro zone & the PIIGS have done. They have completed a list of failures & flip flops & they hope that Kevin Who will take it with him as he moves to the backbench & that all will be forgotten & forgiven.
Thus the ALP needs to make some structural improvements. They have trotted out many times that they saved the country from recession & saved 200,000 jobs. Where did they find that number & did they save the sale.
The structural changes need to focus on both sides of the balance sheet. I.e. in reducing the government spending & government waste & downsizing big government. They tried the taxx increase e.g. RSPT to pay back the stimulus but business & mining & you & I said there is nothing left for you to take. Enough is enough. Hence the renovation was required.
Governments in any form must do what a family must do i.e. Increase the income & reduce expenditure so as to live within ones means. This is the structural & in fact philosophical change that needs to be done. We don’t believe it is in the ALP makeup or other parties to do so. They have tried & not necessarily given up on the increase to their income & taxx take.
It also came out this week that Tony has a 710K mortgage which for whatever reason he forgot to declare. Maybe the compliance from Big brother was too big for him. Welcome to the real world. Tony certainly needs our help & needs a structural change.
His interest only mortgage will cost him $60,000p.a. which means no principal reduction?
His taxx on say 200K is say $74,000
So he has $66,000 left to live on
That’s the same struggle which most families have.
He needs our help & a structural change. Yes Tony is well off as his business expenses & superannuation are paid by yes the government. However does he have enough time to pay off that large debt? Welcome to the club Tony where many have huge debts & will need their super to pay it off when they retire or are ‘chopped’ to the back bench. When this occurs they have less super & hence even more reliant on the pension.
We only recently have had cries for help from a 60 year old with a $450,000 mortgage. How many such mortgages are on banks asset ledgers & considered prime & low risk. At some time Tony & others will realise that the bank is a very expensive landlord & hence the awaited deflating of house prices. Rental investors in the 60 year club will realise the income from their renter is insufficient & sell & lower prices will occur.
Thus we will see the structural change that needs to occur.
We suggest that many families are paying too much in taxx & mortgage to the bank. There is a structural change that can be made & it costs not to make that change. It reminds us of the analogy of the frog in boiling water. If it is cooked slowly it isn’t aware that it is being cooked.
Let’s improve yours or Tony's lifestyle as our active wealth strategy does for others
Welcome to call on 3848 1088 or email or book via our websites. Tony our lines are open & Kevin Who we may help you with your redundancy package.
John McAuliffe
Yes we have just renovated Parliament House or rather the ALP has found it won’t sell at the forthcoming election auction shortly & hence some renovating was required. The Lifestyle Channel has been very successful with its programmes on selling houses after a makeover. Will it work for the ALP?
The owner of a house up for auction or sale is always very aware of the cosmetics they have applied to improve the selling price. So too we very aware of the cosmetics the ALP has applied to win the next term.
The owner of a house up for sale is also very aware of the problems that still exist & which are frequently structural & too expensive to fix. In many cases the house owner is keen to move & accept a lower price. However the ALP is not keen to move so do we accept a lower price.
The cosmetics have not changed the fact that underneath nothing has changed. There is still the belief that big government can do better with your savings than you can. That is the core structural problem.
It is being recognised elsewhere that at some time you must life within your means e.g. UK where they have had to bring in austerity measures after finding the rot left by the previous Brown & Blair Labour governments.
Do we want to the ALP to continue & produce the same rot as the Euro zone & the PIIGS have done. They have completed a list of failures & flip flops & they hope that Kevin Who will take it with him as he moves to the backbench & that all will be forgotten & forgiven.
Thus the ALP needs to make some structural improvements. They have trotted out many times that they saved the country from recession & saved 200,000 jobs. Where did they find that number & did they save the sale.
The structural changes need to focus on both sides of the balance sheet. I.e. in reducing the government spending & government waste & downsizing big government. They tried the taxx increase e.g. RSPT to pay back the stimulus but business & mining & you & I said there is nothing left for you to take. Enough is enough. Hence the renovation was required.
Governments in any form must do what a family must do i.e. Increase the income & reduce expenditure so as to live within ones means. This is the structural & in fact philosophical change that needs to be done. We don’t believe it is in the ALP makeup or other parties to do so. They have tried & not necessarily given up on the increase to their income & taxx take.
It also came out this week that Tony has a 710K mortgage which for whatever reason he forgot to declare. Maybe the compliance from Big brother was too big for him. Welcome to the real world. Tony certainly needs our help & needs a structural change.
His interest only mortgage will cost him $60,000p.a. which means no principal reduction?
His taxx on say 200K is say $74,000
So he has $66,000 left to live on
That’s the same struggle which most families have.
He needs our help & a structural change. Yes Tony is well off as his business expenses & superannuation are paid by yes the government. However does he have enough time to pay off that large debt? Welcome to the club Tony where many have huge debts & will need their super to pay it off when they retire or are ‘chopped’ to the back bench. When this occurs they have less super & hence even more reliant on the pension.
We only recently have had cries for help from a 60 year old with a $450,000 mortgage. How many such mortgages are on banks asset ledgers & considered prime & low risk. At some time Tony & others will realise that the bank is a very expensive landlord & hence the awaited deflating of house prices. Rental investors in the 60 year club will realise the income from their renter is insufficient & sell & lower prices will occur.
Thus we will see the structural change that needs to occur.
We suggest that many families are paying too much in taxx & mortgage to the bank. There is a structural change that can be made & it costs not to make that change. It reminds us of the analogy of the frog in boiling water. If it is cooked slowly it isn’t aware that it is being cooked.
Let’s improve yours or Tony's lifestyle as our active wealth strategy does for others
Welcome to call on 3848 1088 or email or book via our websites. Tony our lines are open & Kevin Who we may help you with your redundancy package.
John McAuliffe
It’s party time
It’s party time
Yes that’s why they are called parties. Life is a party if you are the pied piper of a political party. They are having a great time outdoing each other in showering the masses or is it the press gallery with gifts & snippets. It is the old game of ‘ours is bigger than yours’. They are also having a great time throwing mud at each other.
In fact with a sergeant at arms of a bikie gang on the cover of The Weekend Australian magazine recently there could be some similarities. Maybe these parties could be called gangs. We recall there was a so called ‘gang of four’. Could we have some state legislation to ban these gangs or parties from assembling in greater numbers than one? After all taxx is taken & allocated [wasted] in ways that you probably don’t agree with.
Hence we suggest to the ‘working family’ who needs to ‘move forward’ to read a recent email to us
Hey there John,
Anyways, yes, we have some small actions - I have asked my mother to move out of Mt Ridge, now I am doing a few odd jobs to fix the place up for renting - hopefully ready by end of Aug / Sept.
Am STILL working on my June BAS - naughty naughty - it was due 28/07, but our accountant tells me I have a week or so to get it to her.
We have put the feelers out to sell Tamborine with an agent, so fingers crossed.
Good to hear that Richard and Marilyn are going to catch up with you soon. I do hope you can work your magic with them.
By the way, it must have been a fluke, but the only way I found you, was Googling on the internet for life/income insurance way back when - now look what you are doing for us!!
Must be karma - everything happens for a reason I suppose.
Have a nice day - it's freezing here!
Jackie
We only read of today that Medibank will pay a special dividend of 300m to the government to pay for the government’s election promises. Surely Medibank policy holders would prefer a reduction in the premium of maybe 8% to fund their own requirements. Let’s remember that medical insurance premiums are another taxx as almost compulsory.
There was some good news this week with the RBA arbitrarily deciding the cost of money would be 4.5%. This means to the mortgage holder that they would only pay another 1.9% commission to their bank for their debt. Why is this commission allowed? I.e. the rate for a variable mortgage would be about 7.4%. Why did this decision occur? It is simply that everyone else, be it families or companies have been deleveraging & reducing their debt levels & not spending. We see this in weak retail figures or the low share prices of the Harvey Normans & Woolies. We also see this in the estimated 1.3 Trillion sitting in cash accounts.
Can we hope to see these parties reduce their promises & their spending? We doubt it as it goes back to ‘my ego is bigger than yours’ & we can do ‘better’ & ‘care more’ than you do. It’s called soliciting [for your vote].
On the ‘spend-o-meter’ of Weekend Australia 31/07/10 we see the red party has promised 2.53BILLION & the blue gang has promised 4.1BILLION to allocate from you to others. Ok the blue team indicates they will save 42B by scrapping NBN. The green gang promises a price on carbon, a carbon taxx. There is more nonsense than Alice in Wonderland.
Why did the central bank decide that the cost of money should be the same? It believes there is no inflation or no price increases. Well tell that to the ‘working family’ who would like to ‘move forward’ but is unable to due to the heavy price increases in everything except seasonal vegetables.
Let’s also not forget ‘Bracket creep to hit one million Australian workers' pay packets’. It’s why we spell it taxx.
We suggest that the pied pipers might read ‘Seven steps to getting the country back on track’ from w/e Australian. We accept that there is legitimate country funding requirements.
Welcome to call us on 07 3848 1088 or email us on info@wecoachwealth.com.au or book via our websites www.wecoachwealth.com.au
John McAuliffe
Yes that’s why they are called parties. Life is a party if you are the pied piper of a political party. They are having a great time outdoing each other in showering the masses or is it the press gallery with gifts & snippets. It is the old game of ‘ours is bigger than yours’. They are also having a great time throwing mud at each other.
In fact with a sergeant at arms of a bikie gang on the cover of The Weekend Australian magazine recently there could be some similarities. Maybe these parties could be called gangs. We recall there was a so called ‘gang of four’. Could we have some state legislation to ban these gangs or parties from assembling in greater numbers than one? After all taxx is taken & allocated [wasted] in ways that you probably don’t agree with.
Hence we suggest to the ‘working family’ who needs to ‘move forward’ to read a recent email to us
Hey there John,
Anyways, yes, we have some small actions - I have asked my mother to move out of Mt Ridge, now I am doing a few odd jobs to fix the place up for renting - hopefully ready by end of Aug / Sept.
Am STILL working on my June BAS - naughty naughty - it was due 28/07, but our accountant tells me I have a week or so to get it to her.
We have put the feelers out to sell Tamborine with an agent, so fingers crossed.
Good to hear that Richard and Marilyn are going to catch up with you soon. I do hope you can work your magic with them.
By the way, it must have been a fluke, but the only way I found you, was Googling on the internet for life/income insurance way back when - now look what you are doing for us!!
Must be karma - everything happens for a reason I suppose.
Have a nice day - it's freezing here!
Jackie
We only read of today that Medibank will pay a special dividend of 300m to the government to pay for the government’s election promises. Surely Medibank policy holders would prefer a reduction in the premium of maybe 8% to fund their own requirements. Let’s remember that medical insurance premiums are another taxx as almost compulsory.
There was some good news this week with the RBA arbitrarily deciding the cost of money would be 4.5%. This means to the mortgage holder that they would only pay another 1.9% commission to their bank for their debt. Why is this commission allowed? I.e. the rate for a variable mortgage would be about 7.4%. Why did this decision occur? It is simply that everyone else, be it families or companies have been deleveraging & reducing their debt levels & not spending. We see this in weak retail figures or the low share prices of the Harvey Normans & Woolies. We also see this in the estimated 1.3 Trillion sitting in cash accounts.
Can we hope to see these parties reduce their promises & their spending? We doubt it as it goes back to ‘my ego is bigger than yours’ & we can do ‘better’ & ‘care more’ than you do. It’s called soliciting [for your vote].
On the ‘spend-o-meter’ of Weekend Australia 31/07/10 we see the red party has promised 2.53BILLION & the blue gang has promised 4.1BILLION to allocate from you to others. Ok the blue team indicates they will save 42B by scrapping NBN. The green gang promises a price on carbon, a carbon taxx. There is more nonsense than Alice in Wonderland.
Why did the central bank decide that the cost of money should be the same? It believes there is no inflation or no price increases. Well tell that to the ‘working family’ who would like to ‘move forward’ but is unable to due to the heavy price increases in everything except seasonal vegetables.
Let’s also not forget ‘Bracket creep to hit one million Australian workers' pay packets’. It’s why we spell it taxx.
We suggest that the pied pipers might read ‘Seven steps to getting the country back on track’ from w/e Australian. We accept that there is legitimate country funding requirements.
Welcome to call us on 07 3848 1088 or email us on info@wecoachwealth.com.au or book via our websites www.wecoachwealth.com.au
John McAuliffe
Submerging or Emerging
Submerging or Emerging
Submerging or Emerging was the title of a speech by Jonathon Pain from www.thepainreport.com.au at a recent fund manager presentation. It was a very simple but powerful explanation of where the global economy is & where it is heading.
Traditionally the global economy has been defined as ‘the haves’ & ‘the have nots’. I.e. the so called developed countries such as USA, Japan, and Western Europe, UK making up say the G8. Is there a common thread in government with these countries? Then there have been the so called emerging countries such as the BRIC countries of Brazil, Russia, India & China.
Jonathon pointed out the now obvious, that these ‘haves’ now ‘have’ so much debt to GNP that they are submerging in debt. The ‘have nots’ now are much less debt & hence have the facility to grow faster.
Some key points that arose from Jonathan’s presentation were;
Ø ‘Submerging’ economies will spend less and save more whilst ‘emerging’ economies will spend more and save less
Ø Emerging economies will continue to grow due to the shift in demographics (more people working), labour (more people earning wages and hence spending) and capital (more money circulating to develop infrastructure
It is the savers that are now maximising their wallets & buying up big. We note that Australian companies are being bought up by overseas companies keen to lock in the future. Hence we have seen a Singapore company buy CSR; a Thai company picks up a coal company, Indian & Chinese companies everywhere.
Where is Australia ‘the lucky country’ on this matter? This really is the choice that the electorate have facing them on Election Day.
Let’s recall that the ‘working family’ is ‘moving forward’ by reducing their debt levels where they can. This is shown up by the slowdown in retail spending & ‘home loans’ at a nine year low. What’s good enough for the gander should be good enough for the goose.
The above presentation was all about where the gander should invest in the future. Do we invest in the submerging economies or do we invest in the emerging economies. Let’s think about it.
The other debate for the August 21st is taxx. Do we need to debate it as surely you could do much more with your pay packet than some government department which may have wasted a Billion of taxx payer funds?
We observe that NZ across the ditch has made some taxx changes. Ire reduced company taxx to 28%, the top income taxx rate reduced to 33% and increased the GST to 15%. This is all so as to be competitive & to survive. Perhaps we could learn from them apart from the rugby. Don’t mention the rugby.
Let’s remember that companies pay dividends after they have paid expenses which include taxx. So simply if companies pay less taxx then they have a greater ability to grow their profits & hence their dividends. Isn’t a lower company taxx rate better for your retirement superannuation jar? We don’t understand where an MRRT would be better for our super but maybe we are labouring the point.
So where & what column did Jonathon place Australia. He did place it in the emerging column if only because it was not submerging in government debt. The choice we make at Election Day is whether Australia continues to emerge or is submerged.
As a topic within his speech Jonathon did mention the Chinese very fast train & how it would & did help growth within China. This could be something that could help Australia remain competitive. Brisbane to Sydney in 3 hours is faster than leaving for & leaving the air terminal.
We imagine & hope to do a very fast train from Singapore to London sometime.
If you want to emerge from your current financial position & not submerge in debt & taxx & invest in emerging economies then our active wealth strategy maybe for you.
Welcome to call on 07 3848 1088, email info@wealthcoach.net.au or visit our websites www.wecoachwealth.com.au
John McAuliffe
Submerging or Emerging was the title of a speech by Jonathon Pain from www.thepainreport.com.au at a recent fund manager presentation. It was a very simple but powerful explanation of where the global economy is & where it is heading.
Traditionally the global economy has been defined as ‘the haves’ & ‘the have nots’. I.e. the so called developed countries such as USA, Japan, and Western Europe, UK making up say the G8. Is there a common thread in government with these countries? Then there have been the so called emerging countries such as the BRIC countries of Brazil, Russia, India & China.
Jonathon pointed out the now obvious, that these ‘haves’ now ‘have’ so much debt to GNP that they are submerging in debt. The ‘have nots’ now are much less debt & hence have the facility to grow faster.
Some key points that arose from Jonathan’s presentation were;
Ø ‘Submerging’ economies will spend less and save more whilst ‘emerging’ economies will spend more and save less
Ø Emerging economies will continue to grow due to the shift in demographics (more people working), labour (more people earning wages and hence spending) and capital (more money circulating to develop infrastructure
It is the savers that are now maximising their wallets & buying up big. We note that Australian companies are being bought up by overseas companies keen to lock in the future. Hence we have seen a Singapore company buy CSR; a Thai company picks up a coal company, Indian & Chinese companies everywhere.
Where is Australia ‘the lucky country’ on this matter? This really is the choice that the electorate have facing them on Election Day.
Let’s recall that the ‘working family’ is ‘moving forward’ by reducing their debt levels where they can. This is shown up by the slowdown in retail spending & ‘home loans’ at a nine year low. What’s good enough for the gander should be good enough for the goose.
The above presentation was all about where the gander should invest in the future. Do we invest in the submerging economies or do we invest in the emerging economies. Let’s think about it.
The other debate for the August 21st is taxx. Do we need to debate it as surely you could do much more with your pay packet than some government department which may have wasted a Billion of taxx payer funds?
We observe that NZ across the ditch has made some taxx changes. Ire reduced company taxx to 28%, the top income taxx rate reduced to 33% and increased the GST to 15%. This is all so as to be competitive & to survive. Perhaps we could learn from them apart from the rugby. Don’t mention the rugby.
Let’s remember that companies pay dividends after they have paid expenses which include taxx. So simply if companies pay less taxx then they have a greater ability to grow their profits & hence their dividends. Isn’t a lower company taxx rate better for your retirement superannuation jar? We don’t understand where an MRRT would be better for our super but maybe we are labouring the point.
So where & what column did Jonathon place Australia. He did place it in the emerging column if only because it was not submerging in government debt. The choice we make at Election Day is whether Australia continues to emerge or is submerged.
As a topic within his speech Jonathon did mention the Chinese very fast train & how it would & did help growth within China. This could be something that could help Australia remain competitive. Brisbane to Sydney in 3 hours is faster than leaving for & leaving the air terminal.
We imagine & hope to do a very fast train from Singapore to London sometime.
If you want to emerge from your current financial position & not submerge in debt & taxx & invest in emerging economies then our active wealth strategy maybe for you.
Welcome to call on 07 3848 1088, email info@wealthcoach.net.au or visit our websites www.wecoachwealth.com.au
John McAuliffe
Do you know what assume means
Do you know what assume means?
Do you know what assume means was a question a builder client asked us sometime ago?
We had to admit then that we didn’t know & so a brief translation was provided and starts off as ‘the mother of all’.
This has been the recurrent & comment mistake by government over recent times & something we never do with our spouse. I.e. we assume that all our taxx is well spent and the banks are as safe as houses & Kevin Flip flop is action what he spins a promise.
I.e. assume that property always goes up. Have we all forgotten all of that frozen funds in property trusts. Lets recall Centro which was the lead player before the GFC & was in fact in ‘the too big to fail’ category. Yes this is commercial property, such as retail office & offices. The banks are propping these funds up as otherwise the banks will need propping up. We have no expectations of residential prices doing other than a similar slide as elsewhere on the planet. Why else are we any different.
So we see from the Henry report the assumption that mining companies will pay a 40% super profits taxx RSPT as it will be good for your superannuation & infrastructure & whatever. That is a very big assumption as so far all super funds with any exposure to resources stocks have fallen 15%+. Thanks heaps. Ross Garnaut of Lihir & an economist was also questioning the treasury assumptions. One of them is China will continually grow & need our resources.
A big assumption is that this RSPT will kick in once companies earn over the risk free rate of 6 %. Risk free is benchmarked to government bond rate. We only need to read of ‘sovereign risk’ in Europe to be very aware that this risk has significantly increased. We attended a presentation by a fund manager recently that showed a slide of a Fosters bond being better priced i.e. less risk than that the Australian government bond in February this year.
We all assume that the health system which is a bottomless pit will look after us in our time of need. We are sorry but there are too many examples of a failing health system which takes a disproportionate share of everyone’s dollar. Yes there are some great emotional & success stories which we have commented on before such as road trauma & premature infants. In general there is a gap either in time or money that you have to find.
We only had this week an example with a client needing shoulder surgery. The estimated cost is 40k which Work Cover will pay. Work cover always needs serious convincing in such matters & it is even less likely for a major medical trauma. Hence you may need a solution for that & welcome to call us as we have two separate ideas on that. One of those is at a seminar in Brisbane on June 21st with a Collette Larsen who has an incredible health & income story. Welcome to call on 07 3848 1088 or email for free tickets.
As it is now June then it is time to act & do something on your taxx before June 30. We have made the above comments because you can safely assume that your taxx will be wasted. There is almost always something to be actioned before June 30.
If you find that more than too much of your money goes to Taxx you wouldn’t want the standard deduction the government wants to allow.
At some stage Australia could wake up & read what the new UK government read i.e. ‘sorry but no money left’.
At least A. Robb [an appropriate name] commented in the budget reply after Joe lopped 42B off that ‘we can’t afford it’. That’s a start with an attitude change although Tony the loose cannon could also be very loose with your taxx.
The other chunk of your after taxx income may go to your mortgage. Then of course it time to act as one client has this week.
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down to see you from Dalby for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
So if you need to reduce your taxx before June 30 or that mortgage is so big it is stressing you or you want to protect the downside then call on 3848 1088 or email as we have 26 years of happy clients. We have an elegant & simple strategy to achieve your goals.
Assuming all is good means you will end up as you are or maybe ‘the mother of all’.
John McAuliffe
Do you know what assume means was a question a builder client asked us sometime ago?
We had to admit then that we didn’t know & so a brief translation was provided and starts off as ‘the mother of all’.
This has been the recurrent & comment mistake by government over recent times & something we never do with our spouse. I.e. we assume that all our taxx is well spent and the banks are as safe as houses & Kevin Flip flop is action what he spins a promise.
I.e. assume that property always goes up. Have we all forgotten all of that frozen funds in property trusts. Lets recall Centro which was the lead player before the GFC & was in fact in ‘the too big to fail’ category. Yes this is commercial property, such as retail office & offices. The banks are propping these funds up as otherwise the banks will need propping up. We have no expectations of residential prices doing other than a similar slide as elsewhere on the planet. Why else are we any different.
So we see from the Henry report the assumption that mining companies will pay a 40% super profits taxx RSPT as it will be good for your superannuation & infrastructure & whatever. That is a very big assumption as so far all super funds with any exposure to resources stocks have fallen 15%+. Thanks heaps. Ross Garnaut of Lihir & an economist was also questioning the treasury assumptions. One of them is China will continually grow & need our resources.
A big assumption is that this RSPT will kick in once companies earn over the risk free rate of 6 %. Risk free is benchmarked to government bond rate. We only need to read of ‘sovereign risk’ in Europe to be very aware that this risk has significantly increased. We attended a presentation by a fund manager recently that showed a slide of a Fosters bond being better priced i.e. less risk than that the Australian government bond in February this year.
We all assume that the health system which is a bottomless pit will look after us in our time of need. We are sorry but there are too many examples of a failing health system which takes a disproportionate share of everyone’s dollar. Yes there are some great emotional & success stories which we have commented on before such as road trauma & premature infants. In general there is a gap either in time or money that you have to find.
We only had this week an example with a client needing shoulder surgery. The estimated cost is 40k which Work Cover will pay. Work cover always needs serious convincing in such matters & it is even less likely for a major medical trauma. Hence you may need a solution for that & welcome to call us as we have two separate ideas on that. One of those is at a seminar in Brisbane on June 21st with a Collette Larsen who has an incredible health & income story. Welcome to call on 07 3848 1088 or email for free tickets.
As it is now June then it is time to act & do something on your taxx before June 30. We have made the above comments because you can safely assume that your taxx will be wasted. There is almost always something to be actioned before June 30.
If you find that more than too much of your money goes to Taxx you wouldn’t want the standard deduction the government wants to allow.
At some stage Australia could wake up & read what the new UK government read i.e. ‘sorry but no money left’.
At least A. Robb [an appropriate name] commented in the budget reply after Joe lopped 42B off that ‘we can’t afford it’. That’s a start with an attitude change although Tony the loose cannon could also be very loose with your taxx.
The other chunk of your after taxx income may go to your mortgage. Then of course it time to act as one client has this week.
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down to see you from Dalby for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
So if you need to reduce your taxx before June 30 or that mortgage is so big it is stressing you or you want to protect the downside then call on 3848 1088 or email as we have 26 years of happy clients. We have an elegant & simple strategy to achieve your goals.
Assuming all is good means you will end up as you are or maybe ‘the mother of all’.
John McAuliffe
Mick and I would be keen to have you offer us advice on how to better structure our loans etc
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down seeing you for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
Why is this so?
In our discussions they commented that they ‘understood property’ & they ‘liked renovating them’ and ‘buying low’ meant that they should make capital gains. These are very good reasons but they haven’t done back of the envelope cash flows which is why to use Michael’s phrase ‘they are robbing Peter to pay Peter.’
[Julia could use the same phrase with the MRRT and SPRT]
Let’s look at a rental property scenario with a house value say 400K
Debt on it of say 75% i.e. 300K @ 7.4% interest only means -22,000
Costs as rates + insurance + RE fees + 1%-2% maintainence at least = - 8,000
Rent which always should be higher say 350pw +17,500
I.e. a gross negative cashflow of 12,500
How much is this over 5 years = $62,500 which must be made up.
Good luck as the real estate agent is ~3% = 12K+ & the government wants its share 50% of the nominal gain. Michael & Jackie & all others are hoping for a sizable gain to have a residual capital gain left for them. It isn’t worth the risk or the reduced lifestyle now.
What if the rental was empty for a long period? How much does that cost & where does the cashflow come from? What if 2 properties were not rented for a period?
Mick & Jackie need to restructure their debts using our active wealth strategy.
We had other discussions this week.
Noel wanted some 800,000 life insurance & so we ran off the top 18 company rates for his age of 48. In our discussions he asked ‘did we have a strategy so that he could retire his current income’. That’s a challenge when he has 2 children & still a debt of 180K. This is a very common problem out there. He at least knows his position & doesn’t like the outlook. Our active wealth strategy may help if he has a positive risk profile & doesn’t want to be ‘the frog in the jug’.
Of course the regulators in their wisdom want him to rely on them. Does he?
We had Will call us after being referred by another happy client. Will has a 245K mortgage & was also aged 48. However he had 16K on credit cards & very concerned that he would be in the same financial position & debt when he retired. A different solution is required & we need to maximise the second income with some discipline.
We had Tony comment after 6 weeks in Turkey enjoying hot air ballooning & holidaying. He admitted that 3 years ago he came to the conclusion that would never own another house in his lifetime. He couldn’t afford to buy the $1m+ house which his lifestyle wanted. However he could afford to rent it. Any landlord is going to be better than a bank as a landlord. What Tony is doing is saving all those extra costs of house ownership such as rates & maintainence & using our active wealth strategy.
I.e. let’s revisit if we need a house.
We had from Lianne today after emailing her monthly HW.
‘Back from our walkabout – it was fantastic’ and ‘we did 3 week trip including Lake Eyre and Uluru and other sites along the way – tenting it!
Come back to make sure we can go again for longer and’ Also did a crossing of the Simpson Desert west to east’.
Lianne can do this as they have reduced their large mortgage over time to a nominal 34k bad debt today. They are so happy with us they wanted off the satin drugs they were on for our active health prevention strategy which also everyone needs.
As these are not uncommon scenarios then we invite you to call on 07 3848 1088 or email us or visit our websites. Our active wealth strategy may be worth lunching over.
John McAuliffe
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down seeing you for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
Why is this so?
In our discussions they commented that they ‘understood property’ & they ‘liked renovating them’ and ‘buying low’ meant that they should make capital gains. These are very good reasons but they haven’t done back of the envelope cash flows which is why to use Michael’s phrase ‘they are robbing Peter to pay Peter.’
[Julia could use the same phrase with the MRRT and SPRT]
Let’s look at a rental property scenario with a house value say 400K
Debt on it of say 75% i.e. 300K @ 7.4% interest only means -22,000
Costs as rates + insurance + RE fees + 1%-2% maintainence at least = - 8,000
Rent which always should be higher say 350pw +17,500
I.e. a gross negative cashflow of 12,500
How much is this over 5 years = $62,500 which must be made up.
Good luck as the real estate agent is ~3% = 12K+ & the government wants its share 50% of the nominal gain. Michael & Jackie & all others are hoping for a sizable gain to have a residual capital gain left for them. It isn’t worth the risk or the reduced lifestyle now.
What if the rental was empty for a long period? How much does that cost & where does the cashflow come from? What if 2 properties were not rented for a period?
Mick & Jackie need to restructure their debts using our active wealth strategy.
We had other discussions this week.
Noel wanted some 800,000 life insurance & so we ran off the top 18 company rates for his age of 48. In our discussions he asked ‘did we have a strategy so that he could retire his current income’. That’s a challenge when he has 2 children & still a debt of 180K. This is a very common problem out there. He at least knows his position & doesn’t like the outlook. Our active wealth strategy may help if he has a positive risk profile & doesn’t want to be ‘the frog in the jug’.
Of course the regulators in their wisdom want him to rely on them. Does he?
We had Will call us after being referred by another happy client. Will has a 245K mortgage & was also aged 48. However he had 16K on credit cards & very concerned that he would be in the same financial position & debt when he retired. A different solution is required & we need to maximise the second income with some discipline.
We had Tony comment after 6 weeks in Turkey enjoying hot air ballooning & holidaying. He admitted that 3 years ago he came to the conclusion that would never own another house in his lifetime. He couldn’t afford to buy the $1m+ house which his lifestyle wanted. However he could afford to rent it. Any landlord is going to be better than a bank as a landlord. What Tony is doing is saving all those extra costs of house ownership such as rates & maintainence & using our active wealth strategy.
I.e. let’s revisit if we need a house.
We had from Lianne today after emailing her monthly HW.
‘Back from our walkabout – it was fantastic’ and ‘we did 3 week trip including Lake Eyre and Uluru and other sites along the way – tenting it!
Come back to make sure we can go again for longer and’ Also did a crossing of the Simpson Desert west to east’.
Lianne can do this as they have reduced their large mortgage over time to a nominal 34k bad debt today. They are so happy with us they wanted off the satin drugs they were on for our active health prevention strategy which also everyone needs.
As these are not uncommon scenarios then we invite you to call on 07 3848 1088 or email us or visit our websites. Our active wealth strategy may be worth lunching over.
John McAuliffe
Do you know what assume means?
Do you know what assume means?
Do you know what assume means was a question a builder client asked us sometime ago?
We had to admit then that we didn’t know & so a brief translation was provided and starts off as ‘the mother of all’.
This has been the recurrent & comment mistake by government over recent times & something we never do with our spouse. I.e. we assume that all our taxx is well spent and the banks are as safe as houses & Kevin Flip flop is action what he spins a promise.
I.e. assume that property always goes up. Have we all forgotten all of that frozen funds in property trusts. Lets recall Centro which was the lead player before the GFC & was in fact in ‘the too big to fail’ category. Yes this is commercial property, such as retail office & offices. The banks are propping these funds up as otherwise the banks will need propping up. We have no expectations of residential prices doing other than a similar slide as elsewhere on the planet. Why else are we any different.
So we see from the Henry report the assumption that mining companies will pay a 40% super profits taxx RSPT as it will be good for your superannuation & infrastructure & whatever. That is a very big assumption as so far all super funds with any exposure to resources stocks have fallen 15%+. Thanks heaps. Ross Garnaut of Lihir & an economist was also questioning the treasury assumptions. One of them is China will continually grow & need our resources.
A big assumption is that this RSPT will kick in once companies earn over the risk free rate of 6 %. Risk free is benchmarked to government bond rate. We only need to read of ‘sovereign risk’ in Europe to be very aware that this risk has significantly increased. We attended a presentation by a fund manager recently that showed a slide of a Fosters bond being better priced i.e. less risk than that the Australian government bond in February this year.
We all assume that the health system which is a bottomless pit will look after us in our time of need. We are sorry but there are too many examples of a failing health system which takes a disproportionate share of everyone’s dollar. Yes there are some great emotional & success stories which we have commented on before such as road trauma & premature infants. In general there is a gap either in time or money that you have to find.
We only had this week an example with a client needing shoulder surgery. The estimated cost is 40k which Work Cover will pay. Work cover always needs serious convincing in such matters & it is even less likely for a major medical trauma. Hence you may need a solution for that & welcome to call us as we have two separate ideas on that. One of those is at a seminar in Brisbane on June 21st with a Collette Larsen who has an incredible health & income story. Welcome to call on 07 3848 1088 or email for free tickets.
As it is now June then it is time to act & do something on your taxx before June 30. We have made the above comments because you can safely assume that your taxx will be wasted. There is almost always something to be actioned before June 30.
If you find that more than too much of your money goes to Taxx you wouldn’t want the standard deduction the government wants to allow.
At some stage Australia could wake up & read what the new UK government read i.e. ‘sorry but no money lef’.
At least A. Robb [an appropriate name] commented in the budget reply after Joe lopped 42B off that ‘we can’t afford it’. That’s a start with an attitude change although Tony the loose cannon could also be very loose with your taxx.
The other chunk of your after taxx income may go to your mortgage. Then of course it time to act as one client has this week.
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down to see you from Dalby for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
So if you need to reduce your taxx before June 30 or that mortgage is so big it is stressing you or you want to protect the downside then call on 3848 1088 or email as we have 26 years of happy clients. We have an elegant & simple strategy to achieve your goals.
Assuming all is good means you will end up as you are or maybe ‘the mother of all’.
John McAuliffe
Do you know what assume means was a question a builder client asked us sometime ago?
We had to admit then that we didn’t know & so a brief translation was provided and starts off as ‘the mother of all’.
This has been the recurrent & comment mistake by government over recent times & something we never do with our spouse. I.e. we assume that all our taxx is well spent and the banks are as safe as houses & Kevin Flip flop is action what he spins a promise.
I.e. assume that property always goes up. Have we all forgotten all of that frozen funds in property trusts. Lets recall Centro which was the lead player before the GFC & was in fact in ‘the too big to fail’ category. Yes this is commercial property, such as retail office & offices. The banks are propping these funds up as otherwise the banks will need propping up. We have no expectations of residential prices doing other than a similar slide as elsewhere on the planet. Why else are we any different.
So we see from the Henry report the assumption that mining companies will pay a 40% super profits taxx RSPT as it will be good for your superannuation & infrastructure & whatever. That is a very big assumption as so far all super funds with any exposure to resources stocks have fallen 15%+. Thanks heaps. Ross Garnaut of Lihir & an economist was also questioning the treasury assumptions. One of them is China will continually grow & need our resources.
A big assumption is that this RSPT will kick in once companies earn over the risk free rate of 6 %. Risk free is benchmarked to government bond rate. We only need to read of ‘sovereign risk’ in Europe to be very aware that this risk has significantly increased. We attended a presentation by a fund manager recently that showed a slide of a Fosters bond being better priced i.e. less risk than that the Australian government bond in February this year.
We all assume that the health system which is a bottomless pit will look after us in our time of need. We are sorry but there are too many examples of a failing health system which takes a disproportionate share of everyone’s dollar. Yes there are some great emotional & success stories which we have commented on before such as road trauma & premature infants. In general there is a gap either in time or money that you have to find.
We only had this week an example with a client needing shoulder surgery. The estimated cost is 40k which Work Cover will pay. Work cover always needs serious convincing in such matters & it is even less likely for a major medical trauma. Hence you may need a solution for that & welcome to call us as we have two separate ideas on that. One of those is at a seminar in Brisbane on June 21st with a Collette Larsen who has an incredible health & income story. Welcome to call on 07 3848 1088 or email for free tickets.
As it is now June then it is time to act & do something on your taxx before June 30. We have made the above comments because you can safely assume that your taxx will be wasted. There is almost always something to be actioned before June 30.
If you find that more than too much of your money goes to Taxx you wouldn’t want the standard deduction the government wants to allow.
At some stage Australia could wake up & read what the new UK government read i.e. ‘sorry but no money lef’.
At least A. Robb [an appropriate name] commented in the budget reply after Joe lopped 42B off that ‘we can’t afford it’. That’s a start with an attitude change although Tony the loose cannon could also be very loose with your taxx.
The other chunk of your after taxx income may go to your mortgage. Then of course it time to act as one client has this week.
“Hi John,
Jackie here......Mick and I would be keen to have you offer us advice on how to better structure our loans etc.
Firstly, we want to make sure our loans etc are working to the best of the ability, and secondly, we are not happy with our BOQ service. Our latest home loan is with CBA and we also have a mortgage with Macquarie.
It is difficult for us to get down to see you from Dalby for the hours / days we work. I thought it might be possible to get the ball rolling over email - if you could let me know if this is OK, and what you would need to look at (Mortgage statements, rates etc).
I could either email or mail a package of everything you need for you to review and then hopefully we can get down to see you personally to wrap up.
How does that sound?
Thanks in advance for your assistance,
Jackie”
So if you need to reduce your taxx before June 30 or that mortgage is so big it is stressing you or you want to protect the downside then call on 3848 1088 or email as we have 26 years of happy clients. We have an elegant & simple strategy to achieve your goals.
Assuming all is good means you will end up as you are or maybe ‘the mother of all’.
John McAuliffe
What did Barnaby say? What have we learnt as we turn 60?
What did Barnaby say?
What have we learnt as we turn 60?
We had to check ourselves when last weekend we heard Barnaby say ‘They have got lovers’ fingers, every thing they touch smells’. We could never have imagined an accountant with we believe three daughters make such an earthy comment on the ‘Henry report’.
When it was followed up with a similar earthy comment from another commentator on PM agenda that ‘the others on the Henry report must have felt they had had a one night stand & must feel slightly used’ then there is a general & genuine feeling of mistrust with all big we know better governments.
There is the unholy Trinity with Kevin Flip Flop bringing out that rent resources super taxx on the miners. It is a taxx on super profits. A super profit apparently occurs when one exceeds the long term = 10 year risk free government bond rate.
Let’s listen to Kevin Flip Flop as he explains it.
Lets all put our money in government bonds because at the rate of government borrowing we are all going to have to so as to sustain big brother government largess to the masses. Greece & Europe & US & UK here we come. There is no reason at all for anyone to risk their money in any investment or activity if there is no incentive. Who said government bonds are risk free & hence we have sovereign risk to add to market volatility.
And what perfect timing so as to whack the values of everyone’s retirement nest egg.
Here is one email we received this week & Jean is not a client.
Hi John
I really do need your advice now as I have managed funds with Colonial First State in Global Resources which is in the mining sector and with the government’s introduction of 40% of the profits to be taken to fund the increase in Super I am concerned about what I need to do.
My phone number is XXX
Thanks
Jean
And today’s client email
Hi John,
I'll be away from 12 May - 27 June so I'd be glad to catch up sometime in mid- July.
I've attached April homework.
Thanks for your advice this year. It's been very predictive of what has happened. It looks like the PIIGS can't fly. Hope the euro stays down but not the market.
Regards
Kerry
Why would anyone in their right mind contribute any more money into superannuation when its going to be destroyed as it has in the last week? They are only going to because they have to. Therefore it’s a taxx because you can’t spend it & you have the choice of government with their proposed low cost low return fund or if they had their way an industry fund. If you don’t vote Labour then why are you in an industry fund? They are not a charity & who pays for all their advertising. You certainly wouldn’t want their advice. However we remember Don Chipp phrase & it’s why they want us out.
We have also been given the next blow to the family budget by the RBA who increased the cash rate to 4.5% & hence your mortgage rate to close to 7 %. Where is a family going to find that extra $50pw? Hence they are closer to mortgage stress as are 90,000 others. The banks don’t want that because that means selling & hence down go house prices. This is what has happened everywhere else globally.
Of course the banks had their semiannual results which gave Kevin Flip Flop the opportunity to pass the heat off him & onto the banks. It was so predictable. Then there was the suggestion that maybe the banks should be also super taxed. This could be argued as they have been ‘gouging’ on the back of the government guarantee. Where again does your super invest in & what is that going to do to your retirement values.
Then we read that customers are unhappy with their banks. Well it is always possible to change banks & we do offer better rates through our preferred partner. Give us a call on 07 3848 1088 or an email.
We could attempt to list the other big government knows better stimulus spending failures. Those that come to mind are the rort of the insulation & the Julia’s BER schools programme, the flip flop on the ETS, the destroying of TLS share price with the 42B +/-NBN which only 30% may subscribe to, 100m on swine flu …. It’s your money that is wasted.
Taxx kills growth & hence you have lost wealth, taxxes won’t reduce & interest rates will continue up by another 0.5%.
The other side is no different as the coalition spent 93% of it revenues. All government can’t help themselves & the Western model of government promises is breaking down as it is a Ponzi scheme.
We are more comfortable with the Norwegian model where the taxxes on oil goes into a separate ‘Future Fund’ & away from big government hands. The Swiss also have an idea where the new migrants only pay 10% flat taxx but have no entitlement to health or social security.
We understand that Kevin Flip speaks Mandarin & hence he might understand why China is in the position it is. Simply it saves. E.g. A huge % of new property is bought with no borrowing. However a China bubble is due to burst.
Our thoughts on turning 60 today is that daughters fib but the big boys lie & don’t ever confuse wants with needs.
Other events today are Naplan & we ask Julia why it will take months before our daughter’s results are known. Julia & the teachers flip flopped this week also. We have swan bumps in anticipation of Wayne’s platitudes.
We must play as the coach Robbie Deans says. ‘Play what’s in front of you’. Your taxx is not going to be any smaller & nor is your mortgage rate. Hence we offer our active wealth strategy which reduces both as you need to play the game. Of course you can always leave the country which many contemplate & sometime act.
Welcome to call, email or visit our websites if you are unhappy with your current financial progress.
There is always some financial tuning possible before June 30.
John McAuliffe
What have we learnt as we turn 60?
We had to check ourselves when last weekend we heard Barnaby say ‘They have got lovers’ fingers, every thing they touch smells’. We could never have imagined an accountant with we believe three daughters make such an earthy comment on the ‘Henry report’.
When it was followed up with a similar earthy comment from another commentator on PM agenda that ‘the others on the Henry report must have felt they had had a one night stand & must feel slightly used’ then there is a general & genuine feeling of mistrust with all big we know better governments.
There is the unholy Trinity with Kevin Flip Flop bringing out that rent resources super taxx on the miners. It is a taxx on super profits. A super profit apparently occurs when one exceeds the long term = 10 year risk free government bond rate.
Let’s listen to Kevin Flip Flop as he explains it.
Lets all put our money in government bonds because at the rate of government borrowing we are all going to have to so as to sustain big brother government largess to the masses. Greece & Europe & US & UK here we come. There is no reason at all for anyone to risk their money in any investment or activity if there is no incentive. Who said government bonds are risk free & hence we have sovereign risk to add to market volatility.
And what perfect timing so as to whack the values of everyone’s retirement nest egg.
Here is one email we received this week & Jean is not a client.
Hi John
I really do need your advice now as I have managed funds with Colonial First State in Global Resources which is in the mining sector and with the government’s introduction of 40% of the profits to be taken to fund the increase in Super I am concerned about what I need to do.
My phone number is XXX
Thanks
Jean
And today’s client email
Hi John,
I'll be away from 12 May - 27 June so I'd be glad to catch up sometime in mid- July.
I've attached April homework.
Thanks for your advice this year. It's been very predictive of what has happened. It looks like the PIIGS can't fly. Hope the euro stays down but not the market.
Regards
Kerry
Why would anyone in their right mind contribute any more money into superannuation when its going to be destroyed as it has in the last week? They are only going to because they have to. Therefore it’s a taxx because you can’t spend it & you have the choice of government with their proposed low cost low return fund or if they had their way an industry fund. If you don’t vote Labour then why are you in an industry fund? They are not a charity & who pays for all their advertising. You certainly wouldn’t want their advice. However we remember Don Chipp phrase & it’s why they want us out.
We have also been given the next blow to the family budget by the RBA who increased the cash rate to 4.5% & hence your mortgage rate to close to 7 %. Where is a family going to find that extra $50pw? Hence they are closer to mortgage stress as are 90,000 others. The banks don’t want that because that means selling & hence down go house prices. This is what has happened everywhere else globally.
Of course the banks had their semiannual results which gave Kevin Flip Flop the opportunity to pass the heat off him & onto the banks. It was so predictable. Then there was the suggestion that maybe the banks should be also super taxed. This could be argued as they have been ‘gouging’ on the back of the government guarantee. Where again does your super invest in & what is that going to do to your retirement values.
Then we read that customers are unhappy with their banks. Well it is always possible to change banks & we do offer better rates through our preferred partner. Give us a call on 07 3848 1088 or an email.
We could attempt to list the other big government knows better stimulus spending failures. Those that come to mind are the rort of the insulation & the Julia’s BER schools programme, the flip flop on the ETS, the destroying of TLS share price with the 42B +/-NBN which only 30% may subscribe to, 100m on swine flu …. It’s your money that is wasted.
Taxx kills growth & hence you have lost wealth, taxxes won’t reduce & interest rates will continue up by another 0.5%.
The other side is no different as the coalition spent 93% of it revenues. All government can’t help themselves & the Western model of government promises is breaking down as it is a Ponzi scheme.
We are more comfortable with the Norwegian model where the taxxes on oil goes into a separate ‘Future Fund’ & away from big government hands. The Swiss also have an idea where the new migrants only pay 10% flat taxx but have no entitlement to health or social security.
We understand that Kevin Flip speaks Mandarin & hence he might understand why China is in the position it is. Simply it saves. E.g. A huge % of new property is bought with no borrowing. However a China bubble is due to burst.
Our thoughts on turning 60 today is that daughters fib but the big boys lie & don’t ever confuse wants with needs.
Other events today are Naplan & we ask Julia why it will take months before our daughter’s results are known. Julia & the teachers flip flopped this week also. We have swan bumps in anticipation of Wayne’s platitudes.
We must play as the coach Robbie Deans says. ‘Play what’s in front of you’. Your taxx is not going to be any smaller & nor is your mortgage rate. Hence we offer our active wealth strategy which reduces both as you need to play the game. Of course you can always leave the country which many contemplate & sometime act.
Welcome to call, email or visit our websites if you are unhappy with your current financial progress.
There is always some financial tuning possible before June 30.
John McAuliffe
You can now team up with the Global leader in Real Estate
You can now team up with the Global leader in Real Estate
Australia could well be in a sweet spot with China helping us boom & hence that other great Australian dream of a rental property could be right.
Australians living in prosperous times, says CommSec
Hence after a national search you have the opportunity to team up with a global leader in real estate.
CB Richard Ellis
• Listed on NYSE
• 300 offices & 33,000 employees
• 264 Billion in global transactions in 2007.
• $5.1 billion in revenue in 2008
• Leadership position in virtually all of the world’s key business centres.
• ….
Hence CBRE can provide you an opportunity for Sydney & Australian premium residential properties.
• An alternative for you other than your local area & agent.
• This ensures the right outcome is achieved for your long term objectives.
• They comment that whilst Brisbane’s residential vacancy rates is increasing this is not so in Sydney & Melbourne where it remains tight.
• Strong underlying demand for housing in 2010+.
• Rising house prices will support demand for rental accommodation.
• The popularity of central city markets to remain high.
• Over 50% of rental properties are bought within a 7km radius of the family home. Is that diversification?
• Internationally investment can be sourced for you.
They have selected reputable partners for your conveyancing, property management with fees @5.5%, depreciation schedules @$300 and property information reports.
These all provide you with extremely competitive fees.
Current & upcoming projects for you are apartment developments 5-10km from city.
They are landmark projects designed to suit their geographical location with a strong market movement towards mixed use developments.
You would be enthused with the property on the original site of the Dee Why hotel. 1 bedroom units are from 415K to 490K & 2 bedrooms are from 545K to 640K. I.e. commercial has 6,000 sqm & retail has11, 000 sqm.
Another option for you is on the Pentridge Goal site which when completed will be worth 1 billion and many apartments have city & district views. It has an EDS focus with 1 bedrooms from 225K to 342K. 2 bedrooms are from 315K to 585K.
As you can imagine this is a smattering of what is available through a global leader in Real estate. As you would expect we can provide all the tools & research you require.
If you are looking for landmark property either for your own home or as rental property then here is an opportunity. You will be provided an end to end solution.
As these is only as suggestions on what is available from us & to discuss what is available for you in more detail then welcome to call on 07 3848 1088, email or visit our website.
John McAuliffe
Australia could well be in a sweet spot with China helping us boom & hence that other great Australian dream of a rental property could be right.
Australians living in prosperous times, says CommSec
Hence after a national search you have the opportunity to team up with a global leader in real estate.
CB Richard Ellis
• Listed on NYSE
• 300 offices & 33,000 employees
• 264 Billion in global transactions in 2007.
• $5.1 billion in revenue in 2008
• Leadership position in virtually all of the world’s key business centres.
• ….
Hence CBRE can provide you an opportunity for Sydney & Australian premium residential properties.
• An alternative for you other than your local area & agent.
• This ensures the right outcome is achieved for your long term objectives.
• They comment that whilst Brisbane’s residential vacancy rates is increasing this is not so in Sydney & Melbourne where it remains tight.
• Strong underlying demand for housing in 2010+.
• Rising house prices will support demand for rental accommodation.
• The popularity of central city markets to remain high.
• Over 50% of rental properties are bought within a 7km radius of the family home. Is that diversification?
• Internationally investment can be sourced for you.
They have selected reputable partners for your conveyancing, property management with fees @5.5%, depreciation schedules @$300 and property information reports.
These all provide you with extremely competitive fees.
Current & upcoming projects for you are apartment developments 5-10km from city.
They are landmark projects designed to suit their geographical location with a strong market movement towards mixed use developments.
You would be enthused with the property on the original site of the Dee Why hotel. 1 bedroom units are from 415K to 490K & 2 bedrooms are from 545K to 640K. I.e. commercial has 6,000 sqm & retail has11, 000 sqm.
Another option for you is on the Pentridge Goal site which when completed will be worth 1 billion and many apartments have city & district views. It has an EDS focus with 1 bedrooms from 225K to 342K. 2 bedrooms are from 315K to 585K.
As you can imagine this is a smattering of what is available through a global leader in Real estate. As you would expect we can provide all the tools & research you require.
If you are looking for landmark property either for your own home or as rental property then here is an opportunity. You will be provided an end to end solution.
As these is only as suggestions on what is available from us & to discuss what is available for you in more detail then welcome to call on 07 3848 1088, email or visit our website.
John McAuliffe
“If we can't improve your current home loan situation, we'll give you $100 for your time.”
“If we can't improve your current home loan situation, we'll give you $100 for your time.”
“If we can't improve your current home loan situation, we'll give you $100 for your time.”
After a national wide search this is what our newly appointed loan partner & mortgage provider offers.
We recently compared rates for a major client. The banks rates were 0.3% higher than our new partner. What would that mean to you per month?
They have been the Money magazine winner 3 years in a row with the lowest home loan rates in Australia.
But they offer more than that
• They are independent with no alignment to any other financial institution.
• They are multi award winning
• They consistently offer product innovation & competitive pricing
• They tell you what others don’t want you to know
• They were founded in 1998.
• They have access to banks, non banks & wholesale funders.
• They provide home buyers with loan packages to better suit their needs
• Unique products such as a fixed rate mortgage with the full flexibility of converting between fixed or variable [whichever is lower at the time with no cost]
• Credit cards at home loan rates [how does this compare to WBC]
• An additional 10K on top of their mortgage not calculated in the LVR e.g. 80% + 10K potentially saving thousands of dollars in lenders mortgage insurance.
• In house approvals that as mortgage manager control the whole process.
• Access to a credit relationship manager.
• A full range of loans for your situation.
Points of differentiation
• Interest only up to 15 years
• Telephone & internet access
• 100% offset account
• Additional payments allowed
• Weekly or fortnightly or monthly payment options
• No monthly or annual fees
• Free withdraw & free switching
• No loan mortgage insurance.
We could embellish further but could your situation be improved with 1 call.
All with 1 application & 1 credit check
Remember we recently compared for a major client. The banks rates were 0.3% higher. What would that mean to you per month?
Welcome to call on 07 3848 1088 or email or visit our websites.
John McAuliffe
“If we can't improve your current home loan situation, we'll give you $100 for your time.”
After a national wide search this is what our newly appointed loan partner & mortgage provider offers.
We recently compared rates for a major client. The banks rates were 0.3% higher than our new partner. What would that mean to you per month?
They have been the Money magazine winner 3 years in a row with the lowest home loan rates in Australia.
But they offer more than that
• They are independent with no alignment to any other financial institution.
• They are multi award winning
• They consistently offer product innovation & competitive pricing
• They tell you what others don’t want you to know
• They were founded in 1998.
• They have access to banks, non banks & wholesale funders.
• They provide home buyers with loan packages to better suit their needs
• Unique products such as a fixed rate mortgage with the full flexibility of converting between fixed or variable [whichever is lower at the time with no cost]
• Credit cards at home loan rates [how does this compare to WBC]
• An additional 10K on top of their mortgage not calculated in the LVR e.g. 80% + 10K potentially saving thousands of dollars in lenders mortgage insurance.
• In house approvals that as mortgage manager control the whole process.
• Access to a credit relationship manager.
• A full range of loans for your situation.
Points of differentiation
• Interest only up to 15 years
• Telephone & internet access
• 100% offset account
• Additional payments allowed
• Weekly or fortnightly or monthly payment options
• No monthly or annual fees
• Free withdraw & free switching
• No loan mortgage insurance.
We could embellish further but could your situation be improved with 1 call.
All with 1 application & 1 credit check
Remember we recently compared for a major client. The banks rates were 0.3% higher. What would that mean to you per month?
Welcome to call on 07 3848 1088 or email or visit our websites.
John McAuliffe
Why not Zero taxx on your Super? Taxx is your biggest fee on your super.
Why not Zero taxx on your Super?
Taxx is your biggest fee on your super.
Why not a zero contribution taxx on your super? This is a question that you should ask all politicians who are so good at doling out your money.
We have also asked this other question before of Beasley 11 years before he had to be wheeled to the White House. Why not remove the 15% taxx on the earnings of a super fund. Yes we didn’t get an answer then but we live in hope. Why should we propose again this simple & elegant solution?
Simply as last week end the Australian headlined “the Great super delusion”. Telling us what we all know that we will have an insufficient amount in capital to retire on & hence baked beans & bourbon for our last chapters.
W/E Australian.13-14/03/2010,
“Despite compulsory superannuation, most Australians don’t have anywhere enough cover & the government so far lacks an answer.”
Or again
“The vast majority of Australians are going to retire on less money than they can live on”
There are 3, yes only 3 reports into superannuation & we hold our breath.
“Superannuation minister Chris Bowen says the governments response will be guided by 4 principles i.e. simplicity, efficiency, equity & adequacy.”
We suggest that removing the 15% contribution taxx & the 15% taxx on the earnings on your super satisfies these 4 principals easily & doesn’t need another committee to report on the report
It is certainly simple
It is efficient
It is your money
& it maybe be adequate if given time to compound
Of course the government throws all sorts of political & red herrings which require other articles to answer. To do so would distract from the solution to your superannuation shortfall.
Why do most not contribute to the maximum allowed under the current i.e. today’s caps.
Simply they don’t have any spare funds if they earn less than 90k+ per family. The average family is struggling under debt which sucks 25% of their income. The government sucks a similar amount. Then there are the indirect taxes such as rates, Medicare levy, medical insurance premiums, utilities costs, fines and others. Not much left. They also don’t trust any government who can manipulate super. What is your TFN for?
If the government didn’t taxx your super for someone’s pension or health or schooling then you could look after yourself. Isn’t that simple? After all if you can’t invest or spend your super then it is another taxx.
The unions’ suggestion for a 15% SGC or the super funds associations call for 12% is nonsense[ambient claim] & just a blatant grab for control of your money. Don’t tell me the unions & industry funds do it for nothing.
Thus to achieve the goal of a million in capital to look after your own responsibilities & to pay down that mortgage faster requires a simple & elegant solution i.e. our active wealth strategy. This address’s your taxx & mortgage challenge simultaneously. We have an answer to the government & another answer to your problem.
This is unless any government reduces the taxx on your super. After all this is your biggest fee on your super.
What has Henry said to Kevin?
Welcome to call or email or visit our websites.
John McAuliffe
Taxx is your biggest fee on your super.
Why not a zero contribution taxx on your super? This is a question that you should ask all politicians who are so good at doling out your money.
We have also asked this other question before of Beasley 11 years before he had to be wheeled to the White House. Why not remove the 15% taxx on the earnings of a super fund. Yes we didn’t get an answer then but we live in hope. Why should we propose again this simple & elegant solution?
Simply as last week end the Australian headlined “the Great super delusion”. Telling us what we all know that we will have an insufficient amount in capital to retire on & hence baked beans & bourbon for our last chapters.
W/E Australian.13-14/03/2010,
“Despite compulsory superannuation, most Australians don’t have anywhere enough cover & the government so far lacks an answer.”
Or again
“The vast majority of Australians are going to retire on less money than they can live on”
There are 3, yes only 3 reports into superannuation & we hold our breath.
“Superannuation minister Chris Bowen says the governments response will be guided by 4 principles i.e. simplicity, efficiency, equity & adequacy.”
We suggest that removing the 15% contribution taxx & the 15% taxx on the earnings on your super satisfies these 4 principals easily & doesn’t need another committee to report on the report
It is certainly simple
It is efficient
It is your money
& it maybe be adequate if given time to compound
Of course the government throws all sorts of political & red herrings which require other articles to answer. To do so would distract from the solution to your superannuation shortfall.
Why do most not contribute to the maximum allowed under the current i.e. today’s caps.
Simply they don’t have any spare funds if they earn less than 90k+ per family. The average family is struggling under debt which sucks 25% of their income. The government sucks a similar amount. Then there are the indirect taxes such as rates, Medicare levy, medical insurance premiums, utilities costs, fines and others. Not much left. They also don’t trust any government who can manipulate super. What is your TFN for?
If the government didn’t taxx your super for someone’s pension or health or schooling then you could look after yourself. Isn’t that simple? After all if you can’t invest or spend your super then it is another taxx.
The unions’ suggestion for a 15% SGC or the super funds associations call for 12% is nonsense[ambient claim] & just a blatant grab for control of your money. Don’t tell me the unions & industry funds do it for nothing.
Thus to achieve the goal of a million in capital to look after your own responsibilities & to pay down that mortgage faster requires a simple & elegant solution i.e. our active wealth strategy. This address’s your taxx & mortgage challenge simultaneously. We have an answer to the government & another answer to your problem.
This is unless any government reduces the taxx on your super. After all this is your biggest fee on your super.
What has Henry said to Kevin?
Welcome to call or email or visit our websites.
John McAuliffe
Follow the money - its new for us
Follow the money
We had a ‘Eureka moment’ last week attending another professional development course. ‘Eureka’ does it matter how we make money for clients as long as it is legal. Note vices have not had good returns as we smoke less & Fosters share price has been very poor. After 26 years in this financial services industry we are very cynical as we have heard plenty. But this was definitely what clients are looking for.
Yes, it is a magic pudding or more accurately a ‘black box’. We have heard over time that again Goldman Sachs [masters of the universe or other names] made huge profits from their momentum trading. This is not them but it is momentum trading & the track record is impressive.
What do they do? They follow the money trend.
Hence from their adviser only summary sheet we note
• An alternative investment strategy with low correlation to other asset classes over the longer term.
• The fund has a long track record of strong performance through bull & bear markets.
• The fund applies a systematic approach to capture price trends in both rising & falling markets across more than 100 global markets including equities, interest rates currencies, energy, agricultural commodities & metals.
• The fund is designed to increase risk adjusted returns of portfolios by providing returns with low correlation to other asset classes over the long term.
• The founders were early pioneer of the scientific application of systematic techniques to investment management.
• The fund invests heavily in the research driven evolution of its trading systems designed to maximise future returns.
• This fund is rated ‘highly recommended by Lonsec which is as high as it gets.
• From their graph, http://www.managedfutures.com/managed_futures_index.aspx the relevant index of managed futures with 10k invested in Dec 89 would be 100k in Dec.09. So 100k invested would be 1m.
Clients have been entrusting us with their funds since 1984. As a contemporary lady financial adviser said to us recently ‘we can look them in the eye & know we have given them the correct advice’.
Let’s recall that not too long ago we were in the midst of a 10 year drought. Now that is very hard to believe today when we have inland seas in South Queensland.
We also compare markets with personal relationships i.e. ‘they go up & down & we have to live with them’.
However that is very hard to reconcile with when we are talking about money. Hence because of the CFG & the volatility others are looking at other investments. They look at rental property as it is spruiked that property ‘doubles every 10 years. I.e. a compound rate p.a. of 7.2%. Well sorry but that is very disappointing & can be bettered. We could also refer you to a recent article that states that 25% of buyers of houses in Sydney have lost money if they bought & sold in the last 5 Years. In Brisbane it is suggested 15%.
We suggest that that this % is bigger because no data ever takes into account the costs of property. There are costs to property at the beginning & hence you have paid more for your property. Similarly you have paid costs on the selling such as stamp duty, conveyancy fees, real estate agents 2-3% commission and costs of moving & the new QLD land taxx. These reduce your profits we would argue by 5 %. You then generally trade up or on the same market. You also do some ‘renovating’ as you want to improve & profit but this cost is also not taken into account.
As examples we have been offered by property marketing agents a share of 25K for selling a new unit or house. Client of ours recently commented how aggravated he was with the real estate agent who made 25k & ‘didn’t want to know him after the house went unconditional’.
Hence we suggest you need to make 50K + before you sell to break even. We also suggest that ‘a house is like a spouse it requires money & maintainence’. It does mean on average you spend 1% to 2 % simply on maintaining the house. You don’t take into account your unpaid labour time on the guttering or the tree lopping or the bathroom painting.
Of course if you are negative gearing & a recent request for help was 9Kp.a cashflow negative. Where does that necessary 9K come from? Does your lifestyle suffer? Let me think about it.
We suggest you need 100k profits before you sell? Then & we almost forgot the ATO will want 50% X MTR of the real gains. Let me think about it!
If you wish to follow the money & your own house is enough property & you are aware that you need 1M in capital to retire on then you are welcome to call on 07 3848 1088, email us on info@wecoachwealth.com.au or visit our website www.wecoachwealth.com.au
We only yesterday attended another manager with 15% p.a. returns over 15 years. That is TWICE as good p.a. as the average property & means maybe EIGHT times more in 15 years with less cost.
John McAuliffe
We had a ‘Eureka moment’ last week attending another professional development course. ‘Eureka’ does it matter how we make money for clients as long as it is legal. Note vices have not had good returns as we smoke less & Fosters share price has been very poor. After 26 years in this financial services industry we are very cynical as we have heard plenty. But this was definitely what clients are looking for.
Yes, it is a magic pudding or more accurately a ‘black box’. We have heard over time that again Goldman Sachs [masters of the universe or other names] made huge profits from their momentum trading. This is not them but it is momentum trading & the track record is impressive.
What do they do? They follow the money trend.
Hence from their adviser only summary sheet we note
• An alternative investment strategy with low correlation to other asset classes over the longer term.
• The fund has a long track record of strong performance through bull & bear markets.
• The fund applies a systematic approach to capture price trends in both rising & falling markets across more than 100 global markets including equities, interest rates currencies, energy, agricultural commodities & metals.
• The fund is designed to increase risk adjusted returns of portfolios by providing returns with low correlation to other asset classes over the long term.
• The founders were early pioneer of the scientific application of systematic techniques to investment management.
• The fund invests heavily in the research driven evolution of its trading systems designed to maximise future returns.
• This fund is rated ‘highly recommended by Lonsec which is as high as it gets.
• From their graph, http://www.managedfutures.com/managed_futures_index.aspx the relevant index of managed futures with 10k invested in Dec 89 would be 100k in Dec.09. So 100k invested would be 1m.
Clients have been entrusting us with their funds since 1984. As a contemporary lady financial adviser said to us recently ‘we can look them in the eye & know we have given them the correct advice’.
Let’s recall that not too long ago we were in the midst of a 10 year drought. Now that is very hard to believe today when we have inland seas in South Queensland.
We also compare markets with personal relationships i.e. ‘they go up & down & we have to live with them’.
However that is very hard to reconcile with when we are talking about money. Hence because of the CFG & the volatility others are looking at other investments. They look at rental property as it is spruiked that property ‘doubles every 10 years. I.e. a compound rate p.a. of 7.2%. Well sorry but that is very disappointing & can be bettered. We could also refer you to a recent article that states that 25% of buyers of houses in Sydney have lost money if they bought & sold in the last 5 Years. In Brisbane it is suggested 15%.
We suggest that that this % is bigger because no data ever takes into account the costs of property. There are costs to property at the beginning & hence you have paid more for your property. Similarly you have paid costs on the selling such as stamp duty, conveyancy fees, real estate agents 2-3% commission and costs of moving & the new QLD land taxx. These reduce your profits we would argue by 5 %. You then generally trade up or on the same market. You also do some ‘renovating’ as you want to improve & profit but this cost is also not taken into account.
As examples we have been offered by property marketing agents a share of 25K for selling a new unit or house. Client of ours recently commented how aggravated he was with the real estate agent who made 25k & ‘didn’t want to know him after the house went unconditional’.
Hence we suggest you need to make 50K + before you sell to break even. We also suggest that ‘a house is like a spouse it requires money & maintainence’. It does mean on average you spend 1% to 2 % simply on maintaining the house. You don’t take into account your unpaid labour time on the guttering or the tree lopping or the bathroom painting.
Of course if you are negative gearing & a recent request for help was 9Kp.a cashflow negative. Where does that necessary 9K come from? Does your lifestyle suffer? Let me think about it.
We suggest you need 100k profits before you sell? Then & we almost forgot the ATO will want 50% X MTR of the real gains. Let me think about it!
If you wish to follow the money & your own house is enough property & you are aware that you need 1M in capital to retire on then you are welcome to call on 07 3848 1088, email us on info@wecoachwealth.com.au or visit our website www.wecoachwealth.com.au
We only yesterday attended another manager with 15% p.a. returns over 15 years. That is TWICE as good p.a. as the average property & means maybe EIGHT times more in 15 years with less cost.
John McAuliffe
Taxx, yes we have spelt it as a four letter word for 29 years
Taxx
Taxx, yes we have spelt it as a four letter word for 29 years. What else can you say after you examine your pay slip? You most certainly have something to say when you look at the year’s total taxx taken off you.
Are you happy that in someway you have paid for my health costs, or my pension or my daughter’s education, or my roof insulation or my solar panels, or my family allowance or the rebate on the 2 water tanks we have?
We could add many other ways the government thinks or believes or lies that it can do better with your money than you do.
Eg Conroy’s & Anna’s mate on 450K or junkets to Copenhagen for the well connected 120. Another is Anna’s recent announcement of 250k to help my daughter to read. There are examples every day as government makes up ~50% of GNP. Don’t wind us up on the vaccination rort.
We are fairly sure you aren’t that happy in contributing to any of the above ways that redistributes [others would use other words] your hard earned efforts & money. We only need to look within a family or a company to see who really ‘husbands’ the income & who is loose with the money. When it isn’t yours then you care less & maybe you are very care less with the money.
Yes we know all that you say. Well you can allow that taxx transfusion to continue or you can do something about it. We don’t mean a novated lease for an overpriced car because it will be worth ½ as much in 3 years. That isn’t smart but frequently suggested by taxx people or bankers as a taxx reduction strategy.
[We have a client who had such a lease & would have paid off his 350K mortgage in 16 years, now with no such lease he pays it off in 9years which means he could retire 7 years earlier]
If you look at your numbers then 25% + is taken by a government & the bank takes another 25%+ for your rent to them in the form of a mortgage.
E.g. Gross Income 90,000
Taxx say - 21,650 [we haven’t included your local rates, utilities & fines, Ambulance service, Medicare…]
Bank @ 6% -21,000 interest only & hence not reducing principal because with a P & I loan you don’t for 20+ years
You need to live say -50,000 & that’s tight as <1Kp.w.
Hence just maybe you are in credit card land with 2,650 in debt. Check you credit card & is it zero at the end of the month?
Is that fun? Thank you Mr. Taxx man who we read can without warrants arrive on your doorstep. We thought that happened only in Corsica or the Western Suburbs.
Hence there needs to be a rearrangement & restructuring of debt so that Mr. Taxx subsidises your mortgage over a period of time.
As we believe the health system is 180 degrees out & an oxymoron & My School is almost as much & we have our own allocated pension as past 55, then there is no need for you to contribute as much to us or others.
Welcome to call on 3848 1088, or email us or book on our websites before Mothers day.
Our active wealth strategy or other ideas may help you.
John McAuliffe
Taxx, yes we have spelt it as a four letter word for 29 years. What else can you say after you examine your pay slip? You most certainly have something to say when you look at the year’s total taxx taken off you.
Are you happy that in someway you have paid for my health costs, or my pension or my daughter’s education, or my roof insulation or my solar panels, or my family allowance or the rebate on the 2 water tanks we have?
We could add many other ways the government thinks or believes or lies that it can do better with your money than you do.
Eg Conroy’s & Anna’s mate on 450K or junkets to Copenhagen for the well connected 120. Another is Anna’s recent announcement of 250k to help my daughter to read. There are examples every day as government makes up ~50% of GNP. Don’t wind us up on the vaccination rort.
We are fairly sure you aren’t that happy in contributing to any of the above ways that redistributes [others would use other words] your hard earned efforts & money. We only need to look within a family or a company to see who really ‘husbands’ the income & who is loose with the money. When it isn’t yours then you care less & maybe you are very care less with the money.
Yes we know all that you say. Well you can allow that taxx transfusion to continue or you can do something about it. We don’t mean a novated lease for an overpriced car because it will be worth ½ as much in 3 years. That isn’t smart but frequently suggested by taxx people or bankers as a taxx reduction strategy.
[We have a client who had such a lease & would have paid off his 350K mortgage in 16 years, now with no such lease he pays it off in 9years which means he could retire 7 years earlier]
If you look at your numbers then 25% + is taken by a government & the bank takes another 25%+ for your rent to them in the form of a mortgage.
E.g. Gross Income 90,000
Taxx say - 21,650 [we haven’t included your local rates, utilities & fines, Ambulance service, Medicare…]
Bank @ 6% -21,000 interest only & hence not reducing principal because with a P & I loan you don’t for 20+ years
You need to live say -50,000 & that’s tight as <1Kp.w.
Hence just maybe you are in credit card land with 2,650 in debt. Check you credit card & is it zero at the end of the month?
Is that fun? Thank you Mr. Taxx man who we read can without warrants arrive on your doorstep. We thought that happened only in Corsica or the Western Suburbs.
Hence there needs to be a rearrangement & restructuring of debt so that Mr. Taxx subsidises your mortgage over a period of time.
As we believe the health system is 180 degrees out & an oxymoron & My School is almost as much & we have our own allocated pension as past 55, then there is no need for you to contribute as much to us or others.
Welcome to call on 3848 1088, or email us or book on our websites before Mothers day.
Our active wealth strategy or other ideas may help you.
John McAuliffe