Yes you are right & What the financial commentators are saying ?
Yes we are where Peter from Bell Potter says we are in the cycle.
Peter showed us on a template during his lunchtime address on Tuesday that we are in the ‘year of volatility’ that is normal.
So it is normal to be down by 13% during the 2nd year after governments bails out the banks.
Peter expects at least 2 of the PIIGS to default as ‘Europe is sad & bad’.
However if PIG do fall then at most 3% of Europe wealth.
He commented that OECD government bonds are greater that the OECD net wealth & that it takes 5 to 14 years for government deficits to be reduced to sustainable levels.
Peter is optimistic about China prospects as 36 million more units & infrastructure is being built in Tier 2, 3 cities.
In Australia rates will go up to 5.75% in a year’s time & hence exchange rates will stay above parity for longer.
He observed that overseas fund managers consider the government ‘ hopeless’ & hence are repatriating their funds out.
This is another reason why equity markets have weakened.
Thanks again ‘poll dancers’.
After August 2012 Peter suggests as Peter from Sky Business says it is ‘off to the races’ with a gain of 40%.
Then we have Porter from The USA forecasting ‘the end of America’.
He is particularly negative. We have been following him for 3 years & he has made the big calls correctly. He particularly blames big government & their causes of most of the volatility.
He suggests this is caused by paper money, the explosion of debt, the military & where losses e.g. GFC are socialised but the profits are private.Porter is placing all his core shares on hold & has some ‘shorts’ on financials & even more trouble on the US real estate market.
He calls this 'the Great Correction’.
Then we have Steve who have subscribed to for 4 years.
Although he would prefer to be optimistic he comments that ‘the trend is down’ & markets are ‘wobbly’.
Hence again his core stocks are on hold & he is only adding gold at present as are the above two. Where else do the big players park their money?
Then we read this morning from Doug who summarises it all with ‘we are not out of the woods yet’.
It all depends on the US reporting season & if negative then ‘it will in effect serve as a great low-risk buying opportunity when the dust settles’.
So you are right as ‘Australian retail cash deposits are at a record high of $560 billion, an 8.9% increase for the year to March and 1.5% increase for the quarter to March, according to the latest CoreData Australian Cash report.
Credit unions, interestingly enough, have been growing at an above system rate of 10.1% for the year to March and 1.6% for the quarter to March 201’.
What the commentators say doesn’t necessarily help you.
Leaving funds in cash forever doesn’t achieve that 1,000,000 very fast.
We all have the challenges of wanting or needing to be independent of government as at present they are all broke or on the path to being so.
The Common thread of all this is ‘Sovereign risk’ & with 500+billion in government bonds Australia is on the slippery slope.
We have the challenges of becoming a millionaire with a million in capital outside the house, less taxx & less debt.
It also means good health & from what we have observed recently some better estate planning.
Here to help you & welcome to call on 07 3848 1088 or email
John McAuliffe
Yes you are right & what the seers are saying
Yes you are right & What the financial commentators are saying ?
Yes we are where Peter from Bell Potter says we are in the cycle.
Peter showed us on a template during his lunchtime address on Tuesday that we are in the ‘year of volatility’ that is normal.
So it is normal to be down by 13% during the 2nd year after governments bails out the banks.
Peter expects at least 2 of the PIIGS to default as ‘Europe is sad & bad’.
However if PIG do fall then at most 3% of Europe wealth.
He commented that OECD government bonds are greater that the OECD net wealth & that it takes 5 to 14 years for government deficits to be reduced to sustainable levels.
Peter is optimistic about China prospects as 36 million more units & infrastructure is being built in Tier 2, 3 cities.
In Australia rates will go up to 5.75% in a year’s time & hence exchange rates will stay above parity for longer.
He observed that overseas fund managers consider the government ‘ hopeless’ & hence are repatriating their funds out.
This is another reason why equity markets have weakened.
Thanks again ‘poll dancers’.
After August 2012 Peter suggests as Peter from Sky Business says it is ‘off to the races’ with a gain of 40%.
Then we have Porter from The USA forecasting ‘the end of America’.
He is particularly negative. We have been following him for 3 years & he has made the big calls correctly. He particularly blames big government & their causes of most of the volatility.
He suggests this is caused by paper money, the explosion of debt, the military & where losses e.g. GFC are socialised but the profits are private.Porter is placing all his core shares on hold & has some ‘shorts’ on financials & even more trouble on the US real estate market.
He calls this 'the Great Correction’.
Then we have Steve who have subscribed to for 4 years.
Although he would prefer to be optimistic he comments that ‘the trend is down’ & markets are ‘wobbly’.
Hence again his core stocks are on hold & he is only adding gold at present as are the above two. Where else do the big players park their money?
Then we read this morning from Doug who summarises it all with ‘we are not out of the woods yet’.
It all depends on the US reporting season & if negative then ‘it will in effect serve as a great low-risk buying opportunity when the dust settles’.
So you are right as ‘Australian retail cash deposits are at a record high of $560 billion, an 8.9% increase for the year to March and 1.5% increase for the quarter to March, according to the latest CoreData Australian Cash report.
Credit unions, interestingly enough, have been growing at an above system rate of 10.1% for the year to March and 1.6% for the quarter to March 201’.
What the commentators say doesn’t necessarily help you.
Leaving funds in cash forever doesn’t achieve that 1,000,000 very fast.
We all have the challenges of wanting or needing to be independent of government as at present they are all broke or on the path to being so.
The Common thread of all this is ‘Sovereign risk’ & with 500+billion in government bonds Australia is on the slippery slope.
We have the challenges of becoming a millionaire with a million in capital outside the house, less taxx & less debt.
It also means good health & from what we have observed recently some better estate planning.
Here to help you & welcome to call on 07 3848 1088 or email
John McAuliffe
Yes we are where Peter from Bell Potter says we are in the cycle.
Peter showed us on a template during his lunchtime address on Tuesday that we are in the ‘year of volatility’ that is normal.
So it is normal to be down by 13% during the 2nd year after governments bails out the banks.
Peter expects at least 2 of the PIIGS to default as ‘Europe is sad & bad’.
However if PIG do fall then at most 3% of Europe wealth.
He commented that OECD government bonds are greater that the OECD net wealth & that it takes 5 to 14 years for government deficits to be reduced to sustainable levels.
Peter is optimistic about China prospects as 36 million more units & infrastructure is being built in Tier 2, 3 cities.
In Australia rates will go up to 5.75% in a year’s time & hence exchange rates will stay above parity for longer.
He observed that overseas fund managers consider the government ‘ hopeless’ & hence are repatriating their funds out.
This is another reason why equity markets have weakened.
Thanks again ‘poll dancers’.
After August 2012 Peter suggests as Peter from Sky Business says it is ‘off to the races’ with a gain of 40%.
Then we have Porter from The USA forecasting ‘the end of America’.
He is particularly negative. We have been following him for 3 years & he has made the big calls correctly. He particularly blames big government & their causes of most of the volatility.
He suggests this is caused by paper money, the explosion of debt, the military & where losses e.g. GFC are socialised but the profits are private.Porter is placing all his core shares on hold & has some ‘shorts’ on financials & even more trouble on the US real estate market.
He calls this 'the Great Correction’.
Then we have Steve who have subscribed to for 4 years.
Although he would prefer to be optimistic he comments that ‘the trend is down’ & markets are ‘wobbly’.
Hence again his core stocks are on hold & he is only adding gold at present as are the above two. Where else do the big players park their money?
Then we read this morning from Doug who summarises it all with ‘we are not out of the woods yet’.
It all depends on the US reporting season & if negative then ‘it will in effect serve as a great low-risk buying opportunity when the dust settles’.
So you are right as ‘Australian retail cash deposits are at a record high of $560 billion, an 8.9% increase for the year to March and 1.5% increase for the quarter to March, according to the latest CoreData Australian Cash report.
Credit unions, interestingly enough, have been growing at an above system rate of 10.1% for the year to March and 1.6% for the quarter to March 201’.
What the commentators say doesn’t necessarily help you.
Leaving funds in cash forever doesn’t achieve that 1,000,000 very fast.
We all have the challenges of wanting or needing to be independent of government as at present they are all broke or on the path to being so.
The Common thread of all this is ‘Sovereign risk’ & with 500+billion in government bonds Australia is on the slippery slope.
We have the challenges of becoming a millionaire with a million in capital outside the house, less taxx & less debt.
It also means good health & from what we have observed recently some better estate planning.
Here to help you & welcome to call on 07 3848 1088 or email
John McAuliffe
The following three projects recently listed by our Melbourne Residential Projects Team.
Each project offers its own unique appeal, below is a brief description of each;
1. 587-589 Elizabeth Street, Melbourne VIC
a. Boutique development of 55 apartments close to Queen Victoria Market, the University of Melbourne and the Royal Melbourne Hospital
b. Developed by Austgroup Holdings and designed by Architects Eat
c. Project due for commencement in December 2011 (so significant stamp-duty savings available now) and due for completion 18 months thereafter
d. One bedroom apartments 45m2 internal to 60m2 internal ($380,000 to $435,000)
e. Two bedroom apartments 53m2 internal to 68m2 internal ($390,000 to $560,000)
2. 457 Lygon Street, Brunswick East VIC
a. Boutique development of only 40 apartments all with storage and at least one car parking space, Upper Lygon is just a stones throw from the famous Italian Quarter
b. Contemporary five story building, open plan living, stone bench tops, reverse cycle air-conditioning and stainless steel European appliances
c. Architect is D’Orio Architects
d. One bedroom apartments 49m2 internal to 63m2 internal ($390,000 to $480,000)
e. One bedroom + study apartments 53m2 internal to 65m2 internal ($425,000 to $560,000)
f. Two bedroom apartments 67m2 internal to 79m2 internal ($550,000 to $620,000)
3. 26-38 Merri Parade, Northcote VIC
a. Development consists of 79 apartments and 14 town houses. Majority of apartments come with one car parking space.
b. All forms of transportation are a stones throw away. Also, a very unique offering for Parade residents with a Go Get Share Car available with zero joining and monthly fees for the first twelve months.
c. One bedroom apartments 39m2 internal to 51m2 external ($350,000 to $430,000)
d. Two bedroom apartments 76m2 internal to 84m2 external ($570,000 to $650,000)
e. Townhouses 121m2 internal to 183m2 external ($850,000 to $950,000)
Townhouse come with minimum one car space, most have two.
If you may be interested in any of the above projects
please do not hesitate to contact us on 07 3848 1088 or email
We would be very pleased to assist.
Kind regards,
John McAuliffe
Each project offers its own unique appeal, below is a brief description of each;
1. 587-589 Elizabeth Street, Melbourne VIC
a. Boutique development of 55 apartments close to Queen Victoria Market, the University of Melbourne and the Royal Melbourne Hospital
b. Developed by Austgroup Holdings and designed by Architects Eat
c. Project due for commencement in December 2011 (so significant stamp-duty savings available now) and due for completion 18 months thereafter
d. One bedroom apartments 45m2 internal to 60m2 internal ($380,000 to $435,000)
e. Two bedroom apartments 53m2 internal to 68m2 internal ($390,000 to $560,000)
2. 457 Lygon Street, Brunswick East VIC
a. Boutique development of only 40 apartments all with storage and at least one car parking space, Upper Lygon is just a stones throw from the famous Italian Quarter
b. Contemporary five story building, open plan living, stone bench tops, reverse cycle air-conditioning and stainless steel European appliances
c. Architect is D’Orio Architects
d. One bedroom apartments 49m2 internal to 63m2 internal ($390,000 to $480,000)
e. One bedroom + study apartments 53m2 internal to 65m2 internal ($425,000 to $560,000)
f. Two bedroom apartments 67m2 internal to 79m2 internal ($550,000 to $620,000)
3. 26-38 Merri Parade, Northcote VIC
a. Development consists of 79 apartments and 14 town houses. Majority of apartments come with one car parking space.
b. All forms of transportation are a stones throw away. Also, a very unique offering for Parade residents with a Go Get Share Car available with zero joining and monthly fees for the first twelve months.
c. One bedroom apartments 39m2 internal to 51m2 external ($350,000 to $430,000)
d. Two bedroom apartments 76m2 internal to 84m2 external ($570,000 to $650,000)
e. Townhouses 121m2 internal to 183m2 external ($850,000 to $950,000)
Townhouse come with minimum one car space, most have two.
If you may be interested in any of the above projects
please do not hesitate to contact us on 07 3848 1088 or email
We would be very pleased to assist.
Kind regards,
John McAuliffe
Could this be you?
Could this be you?
Good afternoon John,
Well we have had our tax assessment come back from the accountant for the 2010 financials and we have an estimated bill of around $35k combined.
We aren't happy with the service we are getting from this accountant, and seemingly have to continue to pay ridiculous amounts of tax all the time. One needs to wonder why we are working so hard to continue to get slapped in the face by the tax man.
We have asked her on a number of occasions to give us guidance / advice on how to 'divert' our money from the ATO, but never get anything from her.
Before we sign off these assessments, we were hoping to have another accountant review our figures to see what they can come up with.
Do you know of any 'creative accountants' that could help us?
Thanks,
‘Ann’
Yes that to could be your challenge.
However accountants who are generally ‘compliant book keepers’ are very limited & are not creative in their advice. Buying cars or houses is frequently their safe option although they are now warming to super. Their suggestion of SMSF is frequently glib & you need a sizable amount to be considered.
However super has government risk & most people now want no advice with their super.
Very simply if you are earning a gross 100K then Taxx [‘Ann’ spells it differently] is 25,000.
Then if you have an average mortgage say 350,000K @ 7.2% interest only you pay another 25,000 without reducing your debt levels.
AND that leaves 50K to live on and you can’t.
No wonder house prices are falling& most know this by now. It is called a weak market by sellers & RE agents.
Of course as the workers are feeling the pinch then they are all going out to strike as they need more to live on.
It’s a vicious circle as we then have wages pushing up prices which suggests inflation later which means the gnomes in Martin place, the RBA, increases rates. Increasing rates pushes house prices down.
It also pushes share prices down which lowers the value of your retirement funds. Therefore you work longer and live on less.
Thanks heaps to the marginal voter & the ‘fence sitters’ in the House.
If you are a similar position as “Ann’ with 1 or more rental properties then are you any better off?
‘Ann’ earns say 150,000
Her negative cashflow from 3 ‘rental properties’ is say 30,000++
Hence taxable income is 120,000-
Her taxx = 32,351
Hence a net 87,649
Her mortgage is 460,000 & larger because her income is larger.
Hence interest only is 33,120 which feeds the bank but doesn’t reduce her home debt.
Which leaves 54,529 to live on which is 1049 per week.
We all need MORE that to live on as you know.
‘Ann’ can see that her lifestyle is no better off with 3 rental properties than a person on 100K with no rental properties.
However ‘Ann’ may not want to sell in this weak market & the 4% costs in doing so.
This shows that you need to be earning close to 150,000 if you have a rental property & to live.
If you are not earning this then what do you do.
Ann needs to let the taxx man subsidise her own home mortgage out west of here.
That reduces the total take that the taxx man & the bank take from her.
How do you qualify for such a solution?
If you have a LVR less than 70%, you can save $10 per day or 3k p.a. and don’t want to be subsidising the pension with your super and have a ‘positive’ risk profile.
then you are welcome to call 07 3848 1088 or email or visit our websites.
You might do so before June 30th although our options are limited by the time frame.
Give us time & we will [may] have a solution for you.
John McAuliffe
Good afternoon John,
Well we have had our tax assessment come back from the accountant for the 2010 financials and we have an estimated bill of around $35k combined.
We aren't happy with the service we are getting from this accountant, and seemingly have to continue to pay ridiculous amounts of tax all the time. One needs to wonder why we are working so hard to continue to get slapped in the face by the tax man.
We have asked her on a number of occasions to give us guidance / advice on how to 'divert' our money from the ATO, but never get anything from her.
Before we sign off these assessments, we were hoping to have another accountant review our figures to see what they can come up with.
Do you know of any 'creative accountants' that could help us?
Thanks,
‘Ann’
Yes that to could be your challenge.
However accountants who are generally ‘compliant book keepers’ are very limited & are not creative in their advice. Buying cars or houses is frequently their safe option although they are now warming to super. Their suggestion of SMSF is frequently glib & you need a sizable amount to be considered.
However super has government risk & most people now want no advice with their super.
Very simply if you are earning a gross 100K then Taxx [‘Ann’ spells it differently] is 25,000.
Then if you have an average mortgage say 350,000K @ 7.2% interest only you pay another 25,000 without reducing your debt levels.
AND that leaves 50K to live on and you can’t.
No wonder house prices are falling& most know this by now. It is called a weak market by sellers & RE agents.
Of course as the workers are feeling the pinch then they are all going out to strike as they need more to live on.
It’s a vicious circle as we then have wages pushing up prices which suggests inflation later which means the gnomes in Martin place, the RBA, increases rates. Increasing rates pushes house prices down.
It also pushes share prices down which lowers the value of your retirement funds. Therefore you work longer and live on less.
Thanks heaps to the marginal voter & the ‘fence sitters’ in the House.
If you are a similar position as “Ann’ with 1 or more rental properties then are you any better off?
‘Ann’ earns say 150,000
Her negative cashflow from 3 ‘rental properties’ is say 30,000++
Hence taxable income is 120,000-
Her taxx = 32,351
Hence a net 87,649
Her mortgage is 460,000 & larger because her income is larger.
Hence interest only is 33,120 which feeds the bank but doesn’t reduce her home debt.
Which leaves 54,529 to live on which is 1049 per week.
We all need MORE that to live on as you know.
‘Ann’ can see that her lifestyle is no better off with 3 rental properties than a person on 100K with no rental properties.
However ‘Ann’ may not want to sell in this weak market & the 4% costs in doing so.
This shows that you need to be earning close to 150,000 if you have a rental property & to live.
If you are not earning this then what do you do.
Ann needs to let the taxx man subsidise her own home mortgage out west of here.
That reduces the total take that the taxx man & the bank take from her.
How do you qualify for such a solution?
If you have a LVR less than 70%, you can save $10 per day or 3k p.a. and don’t want to be subsidising the pension with your super and have a ‘positive’ risk profile.
then you are welcome to call 07 3848 1088 or email or visit our websites.
You might do so before June 30th although our options are limited by the time frame.
Give us time & we will [may] have a solution for you.
John McAuliffe
Money Flow Workshop (Cashflow 101) (Sat 18/6/11)
Money Flow Workshop (Cashflow 101) (Sat 18/6/11)
Valued at $97, The famous Cashflow 101 board game by Robert Kiyosaki is used to create learning outcomes that make a difference to the financial mindset of participants.
Of course, there is the opportunity to network with like minded people!
Whether you are a novice or an experienced player or a successful business owner, there is someone for you to meet and a lesson to be learnt.
Meet business owners, entrepreneurs and investors.
TEENAGERS Welcome! Let's start them thinking right young.
Benefits of attending:
• Walk Away With Deep Distinctions on HOW Money Flows!
• Get the 4 Steps to Money Flow as a Framework to take Action
• Network with like minded people and form connections.
• Use Cashflow 101 interactively with people and have an amazing experience (as opposed to clicking a button)
o Cashflow 101 is an advanced board game better than Monopoly where you get to buy shares, property and businesses.
o You will learn the FLOW of MONEY because of it's interactive nature!
• Learn from each other's experiences and lock in your learning.
• WIN some great PRIZES.
• Light refreshments are provided.
• Networking Display Table
o Place your Business Cards/brochures to share your goods/services.• Please BRING: Pencil, Eraser & Calculator
testimonials can be found at:http://www.youtube.com/WealthCatalyst
e.g. http://www.youtube.com/watch?v=fTxD8t4gG84
Tickets are valued at $97 but only $30 when you register,
thanks to the sponsor John McAuliffe of WeCoachWealth
Sorry NO tickets at the door.
Group discounts are available and encouraged! Tell your friends, bring your team and invite newbies!
Start time: 1:30pm 100pm doors open Finish 4:30pm
There will be more instruction and familiarisation with the game and how to get out of the rat race.
We will go through the Opportunity Cards, the Worksheet, The bank account sheet and some basics of the game
Venue: Salisbury Bowles Club, 37 Ainsworth St, Salisbury
Cashflow 101 will be used to create learning outcomes that make a difference to the financial mindset of participants
More information or any Questions call John McAuliffe on 3848 1088
John McAuliffe of WeCoachWealth P / L
www.wecoachwealth.com.au http://wealthcoach.net.au
Valued at $97, The famous Cashflow 101 board game by Robert Kiyosaki is used to create learning outcomes that make a difference to the financial mindset of participants.
Of course, there is the opportunity to network with like minded people!
Whether you are a novice or an experienced player or a successful business owner, there is someone for you to meet and a lesson to be learnt.
Meet business owners, entrepreneurs and investors.
TEENAGERS Welcome! Let's start them thinking right young.
Benefits of attending:
• Walk Away With Deep Distinctions on HOW Money Flows!
• Get the 4 Steps to Money Flow as a Framework to take Action
• Network with like minded people and form connections.
• Use Cashflow 101 interactively with people and have an amazing experience (as opposed to clicking a button)
o Cashflow 101 is an advanced board game better than Monopoly where you get to buy shares, property and businesses.
o You will learn the FLOW of MONEY because of it's interactive nature!
• Learn from each other's experiences and lock in your learning.
• WIN some great PRIZES.
• Light refreshments are provided.
• Networking Display Table
o Place your Business Cards/brochures to share your goods/services.• Please BRING: Pencil, Eraser & Calculator
testimonials can be found at:http://www.youtube.com/WealthCatalyst
e.g. http://www.youtube.com/watch?v=fTxD8t4gG84
Tickets are valued at $97 but only $30 when you register,
thanks to the sponsor John McAuliffe of WeCoachWealth
Sorry NO tickets at the door.
Group discounts are available and encouraged! Tell your friends, bring your team and invite newbies!
Start time: 1:30pm 100pm doors open Finish 4:30pm
There will be more instruction and familiarisation with the game and how to get out of the rat race.
We will go through the Opportunity Cards, the Worksheet, The bank account sheet and some basics of the game
Venue: Salisbury Bowles Club, 37 Ainsworth St, Salisbury
Cashflow 101 will be used to create learning outcomes that make a difference to the financial mindset of participants
More information or any Questions call John McAuliffe on 3848 1088
John McAuliffe of WeCoachWealth P / L
www.wecoachwealth.com.au http://wealthcoach.net.au
Are you coming to learn the Cashflow 101 game
As ‘there is nothing as practical as a good theory’ then now maybe the time for you or the kids to learn this game.
It was created by ‘Rich Dad Poor Dad’ Robert Kiyosaki who wrote several books & all sold in the millions. There may be one in your family bookshelf.
This game is suitable for those who wish to ‘escape the rat race’ and in particular
• Those with mortgages or
• Those who are starting out in their financial journey or
• Those who are struggling financially or
• Those who are concerned about their next financial step or
• Those who want to address their finances before June 30 or
• Those who want to understand cashflow or
‘six billion stories & counting’
Your opportunity to learn this game is on
Saturday June 11th @ 1.30pm to 4.15pm
@ Salisbury Bowls Club 37 Ainsworth St, Salisbury
Prizes will be awarded to the first 3 who ‘escape the rat race’
Your investment [$30]* & no tickets will be sold at the door
Contact John McAuliffe today on 3848 1088
Or email info@wealthcoach.net.au
*discounts for couples or pairs.
As ‘there is nothing as practical as a good theory’ then now maybe the time for you or the kids to learn this game.
It was created by ‘Rich Dad Poor Dad’ Robert Kiyosaki who wrote several books & all sold in the millions. There may be one in your family bookshelf.
This game is suitable for those who wish to ‘escape the rat race’ and in particular
• Those with mortgages or
• Those who are starting out in their financial journey or
• Those who are struggling financially or
• Those who are concerned about their next financial step or
• Those who want to address their finances before June 30 or
• Those who want to understand cashflow or
‘six billion stories & counting’
Your opportunity to learn this game is on
Saturday June 11th @ 1.30pm to 4.15pm
@ Salisbury Bowls Club 37 Ainsworth St, Salisbury
Prizes will be awarded to the first 3 who ‘escape the rat race’
Your investment [$30]* & no tickets will be sold at the door
Contact John McAuliffe today on 3848 1088
Or email info@wealthcoach.net.au
*discounts for couples or pairs.
Does your money bat for the other side?
Does your money bat for the other side?Yes you have 5 weeks to act & do something with your hard earned cash.
I.e. what are you doing before the end of the financial year to not pay out any more than you need to Black Duck & the ATO.
Yes it was suggested that maybe go out & get a new Ute & maybe collect a 5K rebate from the ATO.
It is often suggested to go out & prepay all your future deductible expenses or increase your vehicle costs & increase your novated lease.
You might want to prepay your ‘negative cashflow rental property’ loan but that can lock you in for another year.
We only heard on Wednesday from a fund manager who manages 3.5 Billion that they have a careful watch on such properties.
We heard this month from Jon who has been in Real Estate for 30 years that properties in his area are down 10-15%. Maybe you might want to sell now.
We have previously suggested that the baby boomers are retiring & find the 10K negative cashflow rental property’ a big negative on their relationship with the spouse.
But will these increase your capital for retirement?
Let’s face it the government is now suggesting that 500,000 is an objective for retirement capital which does suggest that you can survive on 25k or 500per week. Yes you might but it is survival only & you Have worked harder to deserve more than that.
True to form the government has yet to define when this 500,000 is to be benchmarked.
However the trade minister confirmed the view in Canberra that superannuation represented the budget's biggest single tax deduction.
It’s fairly simple why this is so. I.e. if you earn over 37,000 then paying 15% taxx on your super beats paying your marginal rate of 30% or more.
Of course if your spouse earns less than that then it makes no sense to pay into her super. However you could claim a spouse rebate which means no upfront 15% taxx or if you can split your supers.
It all depends where you are financially. If your debt is paid off then congratulations but now you have the challenge to fund the 1,000,00 that you need.
Will pouring 25,000 over the balance of your working live into your super achieve your retirement need. It will help & if you are over 50 then you have a year to salary sacrifice to 50,000.
The other side are all about that theirs is lower than yours. I.e. they are talking costs on their super funds. As a contemporary asked us last Wednesday
‘Where do they get the 18m to advertise?’ such lines.
It’s not often we say that lowest costs are best. Just check out your house or car or the diamond ring or the school your family goes to.?
Lets recall that you get what you pay for. When we talked to Adam on Thursday he believed his super was doing a good job.
He hadn’t looked at the website with its funds returns. We would suggest that there are many fund lemons out there not achieving what you hoped for.
It may be time to review your super & we are non-aligned as work for you. Have you looked at your bank fund returns closely?
Of course you could still have the average debt which frequently means you will have a debt on retirement. Then if you can access your super you use that to pay down your debt which means for you that you live on maybe a lot less.
This is certainly one risk i.e. government legislation which can easily change the rules.
We do have 13 different super strategies alone & you are welcome to contact us for the PDF file.
There is another way & it is our PCMS personal cashflow management strategy. This is particularly tailored for those with a high debt level & earning over 100K.
You are welcome here for an introduction to this strategy. May listened when we described the strategy ‘as the taxx man subsidising the debt’ & even more so when we added ‘ it was cashflow neutral’.
It’s action time & there are alternative strategies depending where you are financially.
We offer more than most & why not a free meal here to take the 1st step.
We promise not to waste your time as we hate waste as you have worked too hard for your money.
John McAuliffe
I.e. what are you doing before the end of the financial year to not pay out any more than you need to Black Duck & the ATO.
Yes it was suggested that maybe go out & get a new Ute & maybe collect a 5K rebate from the ATO.
It is often suggested to go out & prepay all your future deductible expenses or increase your vehicle costs & increase your novated lease.
You might want to prepay your ‘negative cashflow rental property’ loan but that can lock you in for another year.
We only heard on Wednesday from a fund manager who manages 3.5 Billion that they have a careful watch on such properties.
We heard this month from Jon who has been in Real Estate for 30 years that properties in his area are down 10-15%. Maybe you might want to sell now.
We have previously suggested that the baby boomers are retiring & find the 10K negative cashflow rental property’ a big negative on their relationship with the spouse.
But will these increase your capital for retirement?
Let’s face it the government is now suggesting that 500,000 is an objective for retirement capital which does suggest that you can survive on 25k or 500per week. Yes you might but it is survival only & you Have worked harder to deserve more than that.
True to form the government has yet to define when this 500,000 is to be benchmarked.
However the trade minister confirmed the view in Canberra that superannuation represented the budget's biggest single tax deduction.
It’s fairly simple why this is so. I.e. if you earn over 37,000 then paying 15% taxx on your super beats paying your marginal rate of 30% or more.
Of course if your spouse earns less than that then it makes no sense to pay into her super. However you could claim a spouse rebate which means no upfront 15% taxx or if you can split your supers.
It all depends where you are financially. If your debt is paid off then congratulations but now you have the challenge to fund the 1,000,00 that you need.
Will pouring 25,000 over the balance of your working live into your super achieve your retirement need. It will help & if you are over 50 then you have a year to salary sacrifice to 50,000.
The other side are all about that theirs is lower than yours. I.e. they are talking costs on their super funds. As a contemporary asked us last Wednesday
‘Where do they get the 18m to advertise?’ such lines.
It’s not often we say that lowest costs are best. Just check out your house or car or the diamond ring or the school your family goes to.?
Lets recall that you get what you pay for. When we talked to Adam on Thursday he believed his super was doing a good job.
He hadn’t looked at the website with its funds returns. We would suggest that there are many fund lemons out there not achieving what you hoped for.
It may be time to review your super & we are non-aligned as work for you. Have you looked at your bank fund returns closely?
Of course you could still have the average debt which frequently means you will have a debt on retirement. Then if you can access your super you use that to pay down your debt which means for you that you live on maybe a lot less.
This is certainly one risk i.e. government legislation which can easily change the rules.
We do have 13 different super strategies alone & you are welcome to contact us for the PDF file.
There is another way & it is our PCMS personal cashflow management strategy. This is particularly tailored for those with a high debt level & earning over 100K.
You are welcome here for an introduction to this strategy. May listened when we described the strategy ‘as the taxx man subsidising the debt’ & even more so when we added ‘ it was cashflow neutral’.
It’s action time & there are alternative strategies depending where you are financially.
We offer more than most & why not a free meal here to take the 1st step.
We promise not to waste your time as we hate waste as you have worked too hard for your money.
John McAuliffe