Making Money While You Sleep

Property is the product. The plan is the Key - To get rich you should be making money in your sleep

How can One do this? Just imagine that you are a landlord of one or more rental properties that are returning 4% with the added benefit of capital growth of 7% to 10% per annum. If you have an investment property worth $600,000 it will be worth over $1 million in ten years. If you think that is not possible I can show you the stats to prove that this has occurred over the past 100 years in Melbourne. This is how you make money while you sleep! The sad fact is most people would like to do this, but don’t. Why? While many property investors know they want their properties to replace their income, I’ve found most don’t think about...

The Fundamentals of Maintaining Successful Business Partnerships

Business relations come in all shapes and sizes. They can range from your relationship with your supplier to relations with government officials who could be concerned with your business. These relationships are unavoidable and are usually easier to manage than business partnerships. Business partnerships are nearly akin to marriages as far as commitment and self-interest go. However managing the expectations of each other is quite a different ball game where profits and livelihoods are concerned. It should come as no surprise that nearly 80% of business partnerships fail. However, while it’s always great to be a sole owner, it could limit the possibilities of expansion in the nascent stages of your business. So here’s our little input on taking into account some fundamentals that can lead to an effective and long lasting business partnership:
  • Define your...

August – 2017 Practice Update

August – 2017 Practice Update covers following points
  • ATO warning regarding work-related expense claims for 2017
  • GST applies to services or digital products bought from overseas
  • Imposition of GST on 'low-value' foreign supplies
  • New threshold for capital gains withholding
  • Action to address super guarantee non-compliance
  • Change to travel expenses for truck drivers
  • Car depreciation limit for 2017/18
  • Div.7A benchmark interest rate
Click here for: August – 2017 Practice Update...
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