Mo Money

Division 296 is live. From 1 July, earnings on the part of your super balance above $3 million get taxed at 30%, and above $10 million the rate is 40%. The narrative is that this is a tax on rich retirees. Ben takes a 38-year-old on $400k with $600k in super, doing nothing more exotic than the standard concessional contribution, and shows them crossing $3 million at 57, three years before they can...

The AFR reckons rentvesting is dead now that negative gearing has been wound back. Jack Henderson reckons the AFR has it backwards, and he's paying $3,700 a week in rent while he says it. This one moves fast. Jack explains the valuation method most property investors have never heard of, where a property with two incomes on one title gets valued on its rent instead of on what the neighbours sold f...

On 12 May the budget killed the bucket company. A 30% minimum tax on trust income was the headline, but the real damage was underneath it, because that tax came with no credit when the money moved on to a company. Stack the two together and business owners were looking at an effective rate over 60% on profit they had already been taxed on once. On 3 September the government released draft legislat...

Every second call at the moment ends the same way. The budget has tightened the screws, the pay rise didn't move the needle, so what if we just moved to Singapore? Or Dubai. Or Hong Kong. Ben and Siobhan ran the numbers, and the first thing they found is that Australia is a lower tax country than the UK, Canada, New Zealand and most of Europe. The catch is where we collect it. Almost 43% of every...

Hugh Robertson reckons the world changed for Aussie investors on 12 May. For years the playbook was simple. Earn well, borrow, negatively gear into residential property and let the market do the rest. The budget took a fair chunk of that off the table, and now a lot of people with money to put to work are asking the same question. What's the play now? Hugh runs Centaur Financial Services, sits on...

Maddy and James are both senior, both earning well, and last year they opened a tax bill with six figures on it and no idea how they were going to pay it. The problem was never income. It was employer equity. Every vest built the paper wealth and the tax liability at the same time, and they'd been covering it by selling shares and draining savings, three times over. Then they upgraded the house, s...

There are more than 70,000 kids' investment accounts sitting on one Australian platform, and it's the fastest growing part of the business. Craig Keary is the new CEO of Raiz, and before that he spent thirty years across HSBC, CBA, Westpac and AMP Capital, plus a stint running Selfwealth. Craig shares what he's seeing across 350,000 active accounts, including what people actually did with their mo...

Matt Lakajev dropped out of school, got kicked out of home more than once, and worked 25 different jobs before having a breakdown at 27 that sent him back to his parents' place. He then googled how to make the most money without a degree, found sales, and built an audience of more than 100,000 people on the platform everyone claims to hate. This one's for anyone in a senior role who knows their ne...

Nada and Adrian came to Pivot with one property and a plan to buy another. Adrian also had a list of his own: refinance the house, buy the second property, buy a $130,000 car, then take a holiday. His words for how that would have gone are not repeatable in a description. Three months in, the plan looks nothing like that. Two weeks after their strategy session the federal budget landed and changed...

Same money, same returns, same twenty years. One fund charges 0.2%, the other charges 1%. The difference is more than fifty thousand dollars, and Shani Jayamanne ran the numbers before she walked into the studio. Shani is an Investment Specialist at Morningstar, co-host of Investing Compass and co-author of Invest Your Way. Morningstar runs a study twice a year comparing what funds return against...

Everyone's calling it a crash. Louis Christopher runs SQM Research, one of Australia's biggest property data houses, and he says that word is wrong. What we're in is the largest downturn in 10 to 15 years, but the one ingredient every genuine housing crash has ever needed is missing here. Louis breaks down where the market actually is, which cities are falling hardest, and which pockets are barely...

This episode of the Mo Money Podcast is a money diary session with a client of ours, Amanda. Amanda talks about her money journey and how she's done reverse rent vesting, essentially sold her home so that she could rent and invest at the same time, and how she's used that strategy to acquire multiple investment properties and build a share portfolio and start making passive income and a transition...

In this episode of the Mo Money Podcast, we have a Money Diary session with Nikki, where she unpacks some of the big shifts that she's made with her money over the last little bit, what it was like making some really big decisions about an employer share plan for a company that had just listed on the stock exchange, how she made decisions around creating or replacing her work salary with investmen...

In this episode of the Mo Money Podcast, we chat about debt recycling post the budget, what it is as a bit of a refresher, but importantly, how the budget changes or lack of changes around share investing and negative gearing for shares has made debt recycling one of the last real bastions, I suppose, of tax deductions for really any investors moving forward. So, we get into some of the mechanics,...

On this episode of the Mo Money Podcast, we unpack the budget changes and what it means for your money and investing. We talk about you know the issues and the challenges that have come from the budget, as well as the opportunities that are out there for investors today.  We unpack these newly announced changes to SMSF borrowing and what that actually means for property investors, as well as how t...

In this episode of the Mo Money Podcast, we chat to Chris Bates from Alcove. He's a mortgage broker that's helped thousands of Aussies buy homes and invest through the property market. We talk through his take on what's going on in the post-budget world for property, what smart property buyers should be thinking about today, and some of the mistakes to look out for if you're wanting to get ahead a...

In this episode of the Mo Money Podcast, we chat to Damien Cooley, who's a founder at Cooley Auctions. He's auctioned over 75,000 - in fact, over 80,000 properties, he mentioned - and he talks about the lessons from that, how you can not overpay for property, some of the auction bidding strategies to secure a property at a decent price, as well as what's going on in the property market today in th...

This episode of the Mo Money Podcast is a money diary session with John and Greta. There are business owners that have been on a journey trying to get more out of the money that they already have. So we chat about how they've set up their finances to be automated, so that they can focus more on their business, how they've aligned as a couple with very different perspectives and approaches and inte...

This episode of the Mo Money Podcast is a Money Diary session with a Pivot Wealth client, Tristan, where he shares his journey over the last four years in getting towards buying his first home, which he thought was way out of reach, and the stepping stones that he's used to actually make that happen.  He talks about the shift from being almost embarrassed about his finances to a position where he...

This episode of the Mo Money Podcast is a money diary session with one of our clients, Toni. Toni talks about what it was like to set up her financial plan for the first time, coming from a generation where it was drilled into her that saving money in cash and only buying property was the only way that you could actually get ahead.  She talks about what she did to cut tax on her income, as well as...

This episode of the Mo Money Podcast is a recording of a live event we did on how to cut your tax bill. In the session, we get into the top tax strategies that you can use to reduce your annual ATO donation, as well as some of the mistakes that people make when it comes to trying to save tax so that you can avoid them. This episode is perfect for anyone that doesn't want to pay any more tax than t...

This episode of the podcast is a recording with Jessica Brady, money expert and financial coach, where we chat pretty deep about how to get in touch with your money beliefs and values, and why that's actually important when it comes to your saving and investing.  We get into some of the money systems that can hold people back, and particularly talking about women around finance and financial manag...

This episode of the Mo Money Podcast is a conversation with Jack Henderson, property expert and buyer's agent, where we dive deep into commercial property. We talk about what it is, how it works, who it suits and who it doesn't, as well as some of the mistakes to look out for, how commercial property is valued, some of the big flags to look out for if you're going down this path, as well as his ad...

On today's episode of the Mo Money podcast, you will understand exactly what separates a strategic mortgage from just getting the cheapest rate, the mistakes that are quietly costing high income earners serious money, and what to do about it in the current rate environment. I unpack the stories with Malcolm and Matt on what you should be doing, how to think ahead, and there's a lot of things that...

In this episode of the Mo Money podcast, we talked to Deanna Messina, who's the Deputy Chief Economist at AMP. She's got a bunch of experience with financial markets, and spends most of her days crunching data on inflation, interest rates, what's going on in the property market and the share market as well.  So we get Diana to get her crystal ball out some predictions around what's happening in th...