As the end of financial year (EOFY) approaches, it’s easy to fall into the trap of deduction-driven spending—but is it really saving you money? In today’s Wealth Coffee Chat, Daniel McPherson unpacks “deduction-itis,” the dangerous mindset that leads investors and business owners to waste cash under the guise of tax savings. From flashy car purchases to overpriced tech, we explore real-life examples, smarter strategies, and how to keep your wealth on track. Discover EOFY tax tips, compliance pitfalls, and why your cash flow matters more than deductions.