Smart Money Weekly; How trusts save tax, investing w. $5, average savings balance, forced property sales
Hey,
Check out our top money tips of the week here.
Tax hack of the week
How trusts and tax saving investment structures work A family trust along with other tax structures like investment companies and investment bonds can save you thousands in tax every year, if you know how to use them to your advantage.
Investing hack of the week
How to start investing with $5 Investing can seem complicated and confusing, but there;s a simple formula that actually works to make money when you invest, I unpack how to get started the right way.
Saving tip of the week
Average savings balance in Australia by age How does your savings balance compare? New data is out on the average cash balances based on age in Australia from Westpac.
Property tip of the week
Home owners forced to sell with rising interest rates New data shows hundreds of thousands of Aussie homeowners are thinking they will be forced to sell their property because of recent RBA interest rate rises - disaster or opportunity?
Client story of the week
Age 37, income $380k, saving $7.5k/m, assets $1.1m, $34k tax saving How to use debt recycling to make your mortgage tax deductible and pay off your debt and get ahead faster.
Money hack of the week
Average Aussie debt levels How much the average Aussie owes the bank for credit card, mortgage, and personal debt
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Podcast drop
Learn the tips, hacks, and strategies to help you level up your money game. Pods released last week:
In the News
‘Never get rich’: Brutal Aussie money truth It’s something countless Aussies automatically do without thinking – but it could end up costing you hundreds of thousands of dollars.
To your success,
Ben
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