“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
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