Mo Money

There is a heap of money to be made with Self Managed Super Funds or SMSF's, but sadly most of the time the money is made by the people that are either selling you the SMSF, or the people selling you the investments like off-the-plan property that goes in these funds. But they can be a really great way to grow your assets, when used in the right way.    In this piece I cover what an SMSF actually...

Everyone knows a good joke about accountants, and most people have an accountant that comes to mind when those jokes are told. But, the more money you earn, the more you get smashed with tax and need some sort of help to hold onto a fair amount of your hard earned 💰💰💰   In this episode I cover when you ACTUALLY need an accountant, where to look, and how to make smart moves with your tax and min...

For business owners, the difference between the right and wrong tax structuring and tax strategies is hundreds of thousands of dollars, if not well into the millions. But it's not easy. The rules are complex, there are lots of them, and making small mistakes can be costly.    In this session I cover some of the top strategies I've found to be super effective to save lots of tax for business owners...

Trusts aren't for everyone. But, in the right situation they can save you mountains of tax dollars.    But, a common issue I hear from clients is that they're getting advice to look at a trust from someone with a conflict of interest, and so they don't have confidence to take action.    In this post I chat through the key things you need to understand to establish whether even considering using a...

Given there are so many different things to get right when it comes to tax in Australia, it's no wonder most people don't get them all right. But some tax mistakes are more painful and costly than others, so you should know they are so you can make sure you avoid them.   In this post I cover the most common and painful tax mistakes I see so you can learn from the money mistakes other people have m...

A common area we're asked about is around the strategies you can use to save tax dollars. And there are a few strategies that can save you a packet, if you know how to use them to your advantage…   In this episode I dive deep into some of the tax saving and tax planning strategies you can use to cut your tax bill, reduce your assessable income, and hold onto more of your hard earned income.   Want...

How the Australian tax system works with different types of investments is an area I've found can cause a heap of confusion. Marginal tax rates, rental income tax, property tax, land tax, franking credits, division 293 tax, there are so many types of tax it can be overwhelming.    In this episode I cut through the financial jargon and help you understand the different types of tax that applies to...

In Australia we pay a lot of tax.    And tax is important, but you don't want your annual donation to the ATO to be any bigger than it needs to be. But understanding what to do to tackle your tax can be overwhelming.    In this post I cover the key things you can do to manage and reduce your tax (legally), and some of the common tax strategies we've used to save our clients in the 10's of thousand...

Over the last couple of days I've been posting about how financial advice works. I've had a few questions about what comes next, as in how do you actually get started.    In this post I cover the actual practical steps you need to take to start seeking out an adviser, and how to get started.   Want to keep making the right money moves with complete confidence?   Upcoming online training events: ht...

Any purchase is a value exchange. You need to get more value than you pay for any product or service.   But if you haven't used an adviser in the past, it's hard to know where the value will come from.    In this post, I go through the areas that value can come from in financial advice, and a case study of a recent client so you can learn from their experience.   Want to keep making the right mone...

With over 22,000 financial advisers in Australia, choosing the perfect one to help you isn't easy.   There's licensing, advice areas, service models, charging strategies, aligned, vertically and horizontally integrated, and that's before you even get to the technical stuff.    A pretty common question I get asked is how to get started actually choosing a good financial adviser. In this post I cove...

Consistently making the right money moves isn't easy.   And it doesn't come naturally.    In fact, our psychology often sets us up for failure when it comes to making our money moves.    In this post I cover some of the key money mistakes people make, and how you can avoid them.     Want to keep making the right money moves with complete confidence?   Upcoming online training events: https://bit.l...

While there is no one set of 'perfect' money choices that any person can follow to be successful with money, there are some key things that every person needs to get right.    In this post I cover the three top drivers of how to be successful with money, and you can put them into action.     Want to keep making the right money moves with complete confidence?   Upcoming online training events: http...

Your super fund isn't something that needs a lot of attention, but some simple tweaks can make a difference of hundreds of thousands of dollars by the time you eventually are able to access your super.    In this post I cover the things you need to get right to maximise your super investments and after tax return on your super.     Want to keep making the right money moves with complete confidence...

Employer share options plans or ESOP plans can be a pathway to that sweet pot of gold at the end of the rainbow that is sweet sweet startup millions.    But you need to know the rules or you can get it seriously wrong and end up being forced to make a much bigger donation to the ATO that you need to. In this post I cut some of the noise and go through the facts. I talk through the key rules that s...

Restricted Stock Unit or RSU plans are an epic way to grow your investments and assets.    But you need to know the rules, otherwise you end up blindsided with one surprise tax bill after another. I cut through the noise to go through the facts here. In this post I cover the key rules you need to know to maximise your restricted stock, and some of the tips and hacks that can help you cut through t...

The rules and legalese on employee share purchase plans (or ESPPs/ESSs) can be tricky to understand, but if you don't take the right approach you can end up leaving money on the table.    In this post I cover how employer share purchase plans work, the key rules you need to know to maximise your employer's share plan, and some of the tips and hacks that can help you cut through the noise and hype...

Employer share plans can be a way to rapidly accelerate your asset and investment building. But without the right strategy in place you can get blindsided by one tax bill after another, fall into some common investing mistakes, and miss the opportunity to create real financial security asap.    In this post I cover the key elements you need to be aware of to get the most out of your employer share...

This is definitely a first world problem, but one that's real, and valuable to solve. APPLE, Atlassian, Amazon, Google, Uber, All up around 100%, plus the dollar is weak. There is also a lot of uncertainty with where markets are going and what will happen as governments around the world wind back the huge amounts of artificial stimulus they've been pumping into the economy.    In this post I cover...

One good thing to keep in mind is that buying a property as an investment verse buying as an owner-occupier can have two completely different strategies.   There is no such thing as 'the right way'. Your financial path to buying property will be determined by your income, tax position, deposit and overall approach.    It is essential to take the time to decide what is the right choice for you and...

If you own property already, using the 'equity' can be a smart way to accelerate your asset building and wealth creation, and build another income stream through investing.   Only problem is it's super confusing, scary, and if you don't have a good risk management strategy you can make mistakes that cost you a bunch of money.     Want to keep making the right money moves with complete confidence?...

One of the first things I ask my clients is, 'why do you want to purchase a property?'    Buying a property is a big step. We all understand the decision to purchase a house, should not be made lightly.    Being clear on the reason why this purchase is important to you can help you make the right financial decision when it comes to negotiating the financials.     Want to keep making the right mone...

The classic question when you're looking at how to allocate money to investments, do you buy property or invest in shares instead?   Both have their merits, but choosing isn't as easy as it might seem. In this post I cover how to the benefits and disadvantages of property vs shares, and how to choose the best option for you.   Want to keep making the right money moves with complete confidence?   U...

One of the things that stops people from getting serious with their investing is the fear of f**king things up and losing a bunch of money.    But if you don't have a lot of experience investing, or have limited investment knowledge, it's hard to know how to reduce or eliminate risk when you invest.    In this post I cover the strategies you can use to reduce and manage investment risk, how to get...

Being a smart investor is one of the most effective ways to accelerate how quickly you grow an income stream outside of your employment income. But it's not easy to cut through the noise and figure out the best next investing move for you.    In this post I cover the the smart investment actions you can take today to drive real results, and how you can get started building your investment income....