The INs and OUTs

WEALTH CREATION

Budgeting software, the best I’ve ever seen

Today, we can carry our budget planner and tracker in our pocket, and can see at a glance a complete picture of our financial standing. It’s very powerful, especially when you consider that a budget is the foundation of wealth creation. The market is overflowing with budget software, so let’s simplify it into five of

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RETIREMENT

Do you know about Australia’s hidden ‘death tax’?

The official death tax was abolished over 30 years ago, but estates are still subject to other death-related taxes – and they’ll hit the ones you love the hardest. Here’s what you can do now to minimise the taxes – and frustrations – of super payout to your beneficiaries. What’s the death tax in Australia?

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TAXATION CONTROL

5 Ways to Win-Win: Pay less tax and pay off your mortgage

Almost half of Australian homeowners are going into retirement with a mortgage today. Having high debt for a lifetime is becoming as inevitable as taxes – but what if you could win-win? What if you could consistently pay less tax, and pay off your mortgage faster? What if you didn’t have to be one of

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MORTGAGE REDUCTION

5 powerful ways to use money saved on your mortgage

You’ve found yourself with extra cash at the end of your mortgage month. Maybe the interest rate dropped, or you’ve been a savvy money mogul who made higher repayments. The question is, what’s the smartest way to use the extra cash? Without question, throwing your extra dollars into your mortgage is a powerful financial strategy

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PROPERTY INVESTING

Why SCOMO loves South-East Queensland

There’s a lot of things to love about Queensland’s south-east corner, but why exactly is our Prime Minister so keen on it? Stretching from the Gold Coast to Sunshine Coast, and as far west as Toowoomba, South East Queensland is a nucleus of fun and entertainment, thriving industry, and vast countryside. It’s also a major

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tax day secrets
TAXATION CONTROL

Tax secrets you may not know about

How are the rich and famous dodging $960m in tax bills? What do they know, that you don’t? The ATO released some interesting data recently about a $960m tax bill deficit in 2016-17 that came from one specific group – the high wealth private groups (individuals, and their businesses). Meaning that, some of the rich

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MORTGAGE REDUCTION

Debt Consolidation and Investment: kill two birds with one stone

Did you know debt consolidation isn’t just a neat way to tidy up your finances, it’s a potent strategy that can boost your long-term property investment power? Here’s how. First, let’s unpack debt consolidation. How does it work? Different loan types (for example car loans, student loans, credit card etc) attract different interest rates. Some

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MORTGAGE REDUCTION

Have a love affair with property, but cheat on your mortgage

Property, especially your own home, is love at first sight – but there’s no love lost on that nasty mortgage. Here’s how you can swindle your way out of thousands of dollars on your mortgage with a few trusty tricks. How Sarah cheated her lender out of more than $200K Let’s follow the illustrative life

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RETIREMENT

The Coming Retirement Crisis

Founder and CEO of Real Vision, Raoul Pal on behalf of Global Macro Investor, his research business (Raoul Pal – The Coming Retirement Crisis – YouTube) Retirement is all some people ever think about, especially the 50-million-plus Americans set to retire in the next few years and the 439,000 Australians that are set to retire

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RETIREMENT

Australians retiring into hardship and relative poverty.

Last night I was speaking with Jack [not his real name] and I asked him what his plans were for his future retirement needs. Jack said, “I’m pretty right actually”. But was he? Let’s take a look. Jack who is a 55year old single dad and has$1.6 million in assets principally made up of his

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GEARING

Will Australian residential property continue to rise in value?

If your analysis of your track to financial independence suggests buying an investment property might be an essential part of your long-term solution, what confidence can you have that property will continue to grow in value over the coming 10-30 years? Well, the answer will almost definitely be determined by the degree of demand that we will

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MORTGAGE REDUCTION

Some numbers around Negative Gearing

Negative gearing explained? In simple terms when related to property, it’s a tax offset that closes the gap between how much an investment costs an owner and how much money they are able to make from it. According to the Australian Tax Office, an investment property is said to be negatively geared when the property

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TAXATION CONTROL

Take Control of Your Money

Do you have a household budget? Almost 80% of Australians don’t have a budget and go ‘week to week’ not having any idea where their money goes. Australians who want to take control of their money and have financial diligence will need a budget. Some families have more money going out than coming in and

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At Colonial Pacific we provide solutions to educate you in taking control of your financial future. Learn more how you can take the plunge today!
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