Would Lawrence & John or you like an extra an extra $54,945 or even $208,388??

We have just viewed a very good webinar presented by Warren.

Amongst the very many good ideas we viewed was what Lawrence & John & maybe you could do in the next week. i.e. June 30 or EOFY

If they invested 100,000 over 10 years @ 10% net interest then this table was presented.

Taxx Bracket	Cookie Jar
46.5% no debt or Medicare levy	441,143
30% most are	672,749
15%  as it super	990,597
0 if overseas say & not in Greedy 20	1,378,584

Or as John has 20 years then

Taxx Bracket	Cookie Jar
46.5%	841,920
30%	1,618, 000
15%	2,925,766
0%	5,282,753

 *No doubt this doesn’t take into account any costs such as the 3,000p.a. to run a SMSF which we don’t like anyway or fund managers fees or other. It is an illustration of the 8^th wonder of the world compound interest.* we haven’t checked the numbers in the interest of you getting the point & maybe a taxx saving in next week.

 Now Lawrence & John  don’t have $100,000 sitting around.

But they both could invest 10,000  as they have been earning plenty in FWA & offshore that they have a spare 10,000. [F = Far.]

So they could put up to the allowable deductible or concessional 25,000 into their super in the next week if they act today.

This will increase to $30,000 or more depending on legislation passing around July 1^st. In fact we have clients putting much more in as non deductible amounts.

Lawrence has only had his SGC of $14,000 into It & John  being self employed & fixated with a house deposit has put in zero.

Which is more important at our age?

The $1 ,000, 000 house or the $50,000 p.a. from a 1,000,000 cookie jar?

As Rich Dad Poor Dad writes a house is not an asset as it doesn’t produce an income.

In fact as we have found over the last 3 weekends it is a liability as it costs time & money & enthusiasm & tools to paint just the steel beams.

This is also your opportunity NOW  to add to your cookie jar in the next week.

Many do have the means, be it redraw accounts or Warren mentioned  credit cards for a moment.

Of course if they  were to do  that extreme  then the interest is not deductible as the income goes back into their or your super.

The webinar had plenty of ideas but this week is the time to act.

As Warren said ‘Failure is following the Norm.’

‘If we were in your position what would we do so that you are better off in three years time.’

As Brad & Michael have done this week you are welcome to call us today  on 07 3848 1088 or email us or visit our websites

John McAuliffe