Posts by Success Tax Professionals
Invest long term for predictable high returns
The share market over the long term has a much higher return than bonds and cash. Do not panic sell during market crashes.
Read MoreUsing self-control to increase wealth
Self-control throughout our lives will also help us grow wealth and take control of our personal finances.
Read MoreCan you afford a rise in the cash rate?
When taking out a mortgage, we need to determine what we can afford in the worst-case scenario. Interest rates rose to 17.50 per cent in 1990.
Read MoreDebt servicing costs should not exceed 30 per cent of income
How much debt is too much? For the average Australian, debt servicing costs should not exceed 30 per cent of income.
Read MoreEat your leftovers
By simply reusing leftovers and reducing food waste to zero, we could be saving an average of $1,344 per year.
Read MoreNo interest loans
Individuals struggling with money can rack up huge interest debts when borrowing money that just can’t be paid back.
Read MoreSurround yourself with success
You are only as good as the people around you. Choose successful friends and circulate with high achievers to become successful.
Read MoreHave the money conversation with you partner
Have the money talk with your partner as early as possible. Talk to your partner about future expectations.
Read MoreKeep good records of your expenditure
Keeping good records is essential to building wealth. It is your responsibility to keep your receipts in good order and document your purchases.
Read MoreSave money before you get it
The ‘save money before you get it’ strategy helps those who find it difficult to meet their weekly or monthly savings goals.
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