The ATO is on a Mission! 223 SMSFs Trustees Banned!
If you would like to listen to this blog post in audio format, please click here.  Oops… it looks like there are a few SMSF trustees that screwed up. That’s because the ATO disqualified a whopping 223 SMSF trustees in the September quarter. To be honest, that is a lot. There’s more. Because recently we have […]
The ATO Aren’t Stupid…. So Don’t be Stupid Either
When it comes to the ATO, people think they can get away with it. Over the years, I think I have pretty much heard almost every conceivable trick to try to get a tax deduction. I always say this when it comes to taxes. Be reasonable. If you act reasonably, then the ATO will act […]
Forget Loud Budgeting …. It Won’t Last
If you would like to listen to this blog post in audio format, please click here. Have you heard of loud budgeting? It’s something that the TikTok generation has picked up. And like every young generation, they think they are geniuses without realising that what they think is mind-blowingly brilliant has been going on for […]
What’s the Next Step?
If you would like to listen to this blog post in audio format, please click here.  As you all know, my wife thinks I am an imbecile. Except over the last few weeks, she also thinks I should now nominate myself for the madman of the year award. Come to think of it, there may […]
Was it a Backflip? It sure was.
If you have ever read one of my budget updates, you know that I am very skeptical of anything that they say will happen in the future. That’s because it rarely happens. And that’s because Governments are basically useless. That’s because they can never agree on anything and have no idea what is going to […]
Passive Income – As Easy as it Sounds?
You have heard me or constantly read about passive income from me. In fact, it is step 8 of our 9 steps to working less, earning more and generating wealth. So, you could say we know a bit about passive income. In many ways, earning passive income is almost too good to be true. Think […]
Follow Ikigai…..
When people find out I am a business advisor, I often get asked what business they should consider opening. When I get that question, I am reminded of a conversation I once had with a GP. He told me that as soon as people found out at dinner parties that he was a GP, everyone […]
Cyber Security – Cut Costs At Your Peril!
I know how it feels when cash flow is under pressure. We tend to cut expenses, and we go for the ones: we think are unnecessary others cannot obviously see that, so it seems business as usual. It is, therefore, not surprising that many businesses are reducing the costs relating to Cyber security. In […]
The Secrets to Build Wealth
People think there is a magic formula or a special thing that you need to do to become wealthy. As far as I know, there isn’t one. I do, however, know a formula that is tried and tested and works. In Australia, there’s a huge gap between the wealth levels of the richest households and […]
Your Kids Mind – But Your Money!
I recently went on a course for accountants. This inevitably leaves you with visions of boring grey people hunched over tables, all keeping themselves to themselves. Except this one wasn’t quite like that. It was quite engaging, partly because there were some good key speakers. One of them was a brain expert talking specifically about […]
