5 New Year’s investment resolutions you can start today

5 New Year’s investment resolutions you can start today

New Year’s resolutions.  We all make them one way or another, and most of us go in guns blazing, desperate for change.  Sometimes we follow through, but quite often we lose patience and give up.

Yet as we gladly slam the door on an unforgiving 2020, it’s time to boldly enter into the promising year ahead.   And while the usual physical health goals are important, 2021 is calling for a much bigger shift.  It’s a prime opportunity to work on your financial health.  After all, the past 12 months have certainly knocked the wind out of our cashflow sails.

So, if you’re ready to overhaul your lifestyle, you’re going to need a solid, sustainable plan of attack.

The good news is, we’ve mapped it all out for you.  Here are 5 simple but effective intentions you can start setting now for a brighter financial future.


1.  Work out what you want

Why are you investing?  What do you want to achieve?  You may have short-term and long-term objectives.  Is it saving enough for your dream vacation?  Or is it funding your child’s education?  The first step is figuring out what you need the money for. This provides the incentive to drive your investment decisions.


2.  Set your path

Now that you know how you want to spend your money, let’s look at the best way to get it.  If you’re thinking long-term, then you may consider a slower-growth, high-dividend investment.  If you need to access your funds sooner; a safer, fast-growth option is best.  Do some research to your give yourself a clear road ahead.


3.  Start asap

You don’t need to wait until you have millions to get started.  So, don’t let lack of funds hold you back. Use what you have now (ask us how!).  You can always add to it over time.  Every small step counts.


4.  Review your investments

Take stock of how your investments are performing.  Are they still aligned with your goals?  Are you achieving the right growth?  Perhaps there are better alternatives.  The trick is to review your portfolio every 6-12 months to stay on track.  Factor this into your plan now.


5.  Contribute to your nest egg

If you can, start putting a little extra aside for retirement.  Whatever you can afford. Not only is this helping your future self; it’s also an excellent way to invest pre-tax money, lowering your taxable income.


The even better news is – GSA has a strategy that covers all 5 of these bases.  It’s called property syndication.  You can increase your passive income and significantly boost your super.  With 5-year investment periods, you’re not locked in should you need access to your money sooner.  But you also have the option to reinvest for longer-term goals.  Plus, it’s a low-risk, high-yielding way to use savings, equity, or superannuation.  Talk to us about how to get started.

Here’s to a good year!

Extra, extra. Read all about it!

Extra, extra. Read all about it!

Let’s ponder the term “added extras” for a moment.

Sometimes it refers to cool stuff like pre-installed steaming services on your tv, or heated seating for your car.

But it can also spell trouble when it comes to things like real estate investment.

Did you realise just how much additional cost you’re up against when purchasing a property?

Take a look at the following upfront expenses:

  1. Agent fee
  2. Mortgage application fee
  3. Title transfer fee
  4. Legal/conveyancing fees
  5. Inspection fees
  6. Stamp duty

With added extras like these – who needs that family holiday, anyway!

The truth is – you’ll be needing a whole lot more than just your deposit.  That is if you go it alone.

But wouldn’t you rather spend all that hard-earned cash on other things?

Well, you can!

Because now you have the option to forego all those “hidden” costs.  Plus, the opportunity to make more money on your investment using less equity.

This is how property syndication works.  We take care of all the extra expenses, while you sit back and let your investment funds do the talking.

Of course, what this means is – now you really can get those heated seats for your car!  And let’s face it, if you live in Melbourne, your body will thank you.

So, if you’re ready to kick the usual investment strategies to the curb for some serious profit power, give us a call.

Our GSA consultants go the extra mile to help you find a prosperous future.

Back to the future

Back to the future

Many a retired Aussie once dreamt of the day they could finally hang their hat and relax.  After years of long hours and arduous working weeks, they finally landed the opportunity to enjoy their freedom.  And there would be no looking back.

Or would there?

It seems that older Australians are living much longer than their predecessors, which means more time on their hands.  Ultimately, this sees a greater desire for extra money and revived activities.  A 65-year old can expect, on average, 20 more years of life.  That’s a fair wicket.  It’s no wonder retirees are getting a little restless.

With the years stretching out before them, golden agers may have a hankering to boost a dwindling nest egg, beat the boredom, or rekindle a career.

The solution?  Return to the workforce.  A growing number of seniors are seeking employment years after they stopped “for good”.  They’re figuratively stepping back in time to better their future.

But when a retiree starts earning money again, it’s not exactly a joy ride in some pimped-up DeLorean.  The reality is, there can be low-lying tax, pension, and superannuation issues afoot.



Beware the tax threshold.  A single person of pension age can earn up to $33,000 per year – tax-free.  Start earning any more than that, and they may end up in a bit of a tax pickle.



The pension income test allows seniors to earn $174 per fortnight and still be eligible for the full pension.  Once they become ineligible, however, they would then need to reapply.



Many retirees do the smart thing by switching their super to a tax-free account.  The problem is – they can no longer deposit new funds.  They would need to open an accumulation account to accept ongoing contributions – or start paying tax again.  They have till age 74 to make personal contributions.  After that, they can only receive money from their employers.

It’s certainly a balancing act.  One must first stop and ask if there’s value in working?  Is it worth their time and financial effort to jump through all the hoops?

Of course, there’s a less taxing way (both financially and timewise) to boost your super.  And it can be done way ahead of time to ensure your nest egg will generously see you through an extra 20 years.  It’s called property syndication.

Give us a call to find out more about this unique investment model and get back to planning your dream future.

3 super traps that will snare your savings

3 super traps that will snare your savings

If you’re like most Australians, you go to work and get paid, safe in the knowledge that your employer has your back.  That is, they’re taking an ample cut of your pay packet and plonking it into your chosen super fund.

And that’s where most people leave it.  They know their super is accumulating out there somewhere, but they don’t really give it another thought.  After all, they don’t need it right now.

But your poor super doesn’t like being left in the corner.  If you continue to ignore it, you could be slugged with a plethora of extra taxes and hidden fees.  And this means you’ll have way less than you bargained for when you eventually retire.

Recent rule changes to the super scheme have unearthed a series of savings sappers, putting you at risk of a whopping 90% tax hit.

So, here’s where you need to watch your feet:


Too much life insurance

It’s great to have enough life insurance up your sleeve, but many Aussies have more than they need.  Some funds are just wasting money that would see better growth elsewhere.  Check the level of your premium to determine if it’s working in your favour.


Excess contributions

It might sound like a good plan to keep topping up your super.  After all, the more you put in, the more you’ll have when you need it most.  But if you contribute more than the higher capped amount, you may have to pay up to 94% in tax!


Bad bosses

Some bosses ignore their super obligations, especially if they’re facing financial difficulty.  Protect yourself by checking your super fund transactions every six months.  Don’t simply rely on your pay slip as these are not always accurate.


And if you’re looking for a way to top up your retirement fund without all the added drama, then GSA’s property investment model is just the thing.

Give us a call today and set your savings free.


Fail safe is an oxymoron

Fail safe is an oxymoron

There’s no sugar-coating it.  Investment fails leave you feeling anything but safe.

Yet, many an inexperienced investor has gone in all guns blazing without having done their homework.  Unsurprisingly, they tend to accomplish little and lose big.

But someone has to do the hard yards so that others know what they should and shouldn’t do.  One such someone is Sydney’s savvy real estate investor, Lloyd Edge.

Lloyd went from low-paid freelance music teacher to multi-million-dollar real estate mogul in just over a decade.

So, when it comes to property investment, he knows a thing or two.  He knows it literally pays to do some solid due diligence, for one.  And he cites several common investor mistakes on their road to financial freedom.  Here are 3 of the top contenders:


1. Buying in the wrong location

There are a few key locational factors that can determine whether market values will increase.  Get this wrong, and it could mean your property is worth less than you thought in years to come.


2. Having the wrong financial structure

You don’t want to give the banks too much control by crossing collateral.  All loans should be stand-alone to prevent one property fall affecting another investment.


3. Using one bank for everything

Expanding your “empire” by putting all your financial eggs into one basket is a risky move.  Limiting yourself to a maximum of two properties with the same bank is a better way to go.


Lloyd has even written a book on this stuff.  If you want to hear more about his journey, you can find his works online.

If you want to hear more about premium, well-honed property investment opportunities, talk to us!  One of our senior consultants is standing by to take you through the steps and set you up with everything you need for financial abundance.

Think of us as your safety belt as you confidently venture into your prosperous future.

How rushing your taxes could slow down your cash flow

How rushing your taxes could slow down your cash flow

With all that’s going on in the world, it’s easy to see why people would want to get their hands on a bit of extra cash asap.

So now that the financial year has clocked over once again, it seems only natural for taxpayers to want some hard-earned dollars back.  After all, that mortgage isn’t going anywhere soon, let alone life’s daily expenses.

But the Australian Tax Office has buckled under the weight of thousands of Australians trying to file their tax return as soon as possible.  And it warns that rushing to complete forms could end up costing you.  It could leave you missing out on key deductions or making errors that may amount to fraud.

There seem to be several traps that could catch out some taxpayers this return season.  Here’s what to look out for:


1. Lodging as fast as possible does not guarantee you’ll receive your refund any sooner

While most will receive their refund within two weeks, the ATO still needs the relevant information from employers, banks, and private health insurers. Jumping the gun could hold you up.


2. Double-dipping work from home costs

You can use the ATO’s general “short cut method” of claiming 80c per hour for every hour you worked from home.  Or you can claim specific items like laptops and desks.  You can’t do both.


3. Outdated bank details

Your bank details don’t automatically update with the ATO if you make any changes with your bank.  They will only have what was on file from the previous year’s return.  Make sure you check this before lodging.


4. Claiming travel from home to work

You cannot claim the cost of driving or catching public transport to work.  You are only allowed to claim travel from one place of business to another.


5. Not having proof of expenses

While the ATO confirms that you don’t have to show receipts for claims of up to $300, you must have actually spent the money and be able to show how you worked out your claim, if requested.


6. Claiming expenses not directly related to work

Either confusion or deliberate rule breaking is responsible for making claims for the cost of private expenses.  Many taxpayers take liberties when it comes to these outlays, and they quickly present as red flags.


So, forget the mad dash to the finish line.  It’s bound to do little but knock the wind out of you.  Slow and steady always seems to win the race in the end.

It can literally pay to take your time and devise a well-planned strategy when it comes to managing your finances.  It’s not something you want to bungle on a whim.  Remember – rushing is not the same as expediting.

And, although any extra money in your pocket is a bonus, a few thousand dollars in tax deductions are unlikely to make a huge impact.  But a sophisticated investment strategy just might.

If you’d like a way to really pack a punch in the belly of your finances, give us a call asap.  It could be the rush you’re actually looking for.