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Don't be strapped for cash, scrap for cash

Posted by Chris Collard on 31 August 2016
Don't be strapped for cash, scrap for cash
Money for nothing, how depreciation can add value. Renovating investment properties is becoming a popular way for investors to increase the potential rental returns on their properties in a market where rents have failed to increase like property prices have. An article from BMT Tax Depreciation explains what assets in the renovation can be claimed and how much return you can get on them. If you're thinking about renovating, be sure to speak to a Quantity Surveyor before you st...
Posted in:InvestmentDepreciationRenovatingBuilding WealthUpgrade My Home  

Why the bank knocks you back if you're self employed

Posted by Mark Attard on 30 August 2016
Why the bank knocks you back if you're self employed
Here's why many lenders make it hard for self employed. Plus, how (and where) to get help. If you're self employed, meeting the strict lending criteria of many banks can be tough. What's more, each bank has it's own lending policies making it even harder to know exactly where you stand. When all of your time is focused on running your business (as it should be), it can be difficult to do the leg work to find out things like: Do you need bank statements or pay sl...
Posted in:Small BusinessesSelf employedself employed home loan  

Hard times loom for too many boomers

Posted by Chris Collard on 30 August 2016
Hard times loom for too many boomers
If you're born in the two decades to 1964, you'll want to read this. Now that the last of the baby boomers have turned 50s, there's a push towards preparing for retirement. This means, there's no better time to understand and overcome the financial challenges so that you can enjoy the retirement of your dreams. This article explains many of the hurdles today's baby boomers face, things like:
Not having saved enough money for retirement;
Having to wait for yo...
Posted in:Baby boomersFinancial planningRetirement  

Scared to invest in property? These 5 tips will help

Posted by Mark Attard on 30 August 2016
Scared to invest in property? These 5 tips will help
Learn how to overcome your fear of investing. If you're reading this blog, chances are you're giving some serious consideration to investing in property to help build your wealth and improve your financial security. After all, you've probably heard about the advantages of owning an investment property such as the tax deductions, having a tenant pay off the mortgage for you, and the fact that property values in Australia double on average every seven to 10 years. But...
Posted in:Property InvestmentSmart Money ManagementBuilding Wealth  

Personal loan or credit card - which is better?

Posted by Chris Collard on 30 August 2016
Personal loan or credit card - which is better?
Top considerations for lending (and spending) in Australia. It's no secret that Australians love to spend money. In fact, we owe about $100 billion in credit card and personal loan debt, according to the Australian Prudential and Regulation Authority. So, you are definitely not alone in wanting to know whether you're better off with a personal loan or a credit card. Firstly, there's no doubt credit cards are convenient and allow for immediate spending, but with an a...
Posted in:Property InvestmentCredit cardPersonal loanSmart Money ManagementReducing Debt