There are three ways to generate passive income; start a business, invest or speculate. The key word in that sentence is passive. Passive means you can generate economic benefits without the requirement of your personal exertion. Since it doesn’t require personal exertion, it frees up your time to spend it on activities or with the people you love.
Each of these three options have merit. But the important thing to note is that not all three will suit everyone. This point is very important to appreciate, and could save you a lot of time, stress and money!
A quick bit of theory firstLegendary author and prolific researcher, Jim Collins formulated a concept called the “Hedgehog Concept”. The Hedgehog Concept was based on the famous essay by Isaiah Berlin in which he refers to an ancient Greek story: “The fox knows many things, but the hedgehog knows one big thing.”
It was Collins’ thesis that successful companies are laser-focused on the Hedgehog Concept, which is the intersection of 3 important considerations or questions (i.e. the orange portion in the illustration below):1. what you are deeply passionate about,2. what you can be the best in the world at, and3. what best drives your economic or resource engine.
Successful companies focus on delivering products or services that they can be the best at and ignore all other opportunities.
(By the way, Jim Collins’ book, Good to Great is one of the best business books I have read.)
Let me share a quick story about meBefore I relate this theory to personal investment, let me share a story with you.
I have some friends that are successful property developers and make substantial six-figure profits. In the past, I have considered whether I should get involved in property development too, especially since I have the property, finance and taxation knowledge. However, many years ago, I decided to focus on my Hedgehog. Property development just isn’t for me.
Property developing takes a lot of time. So, I could either spend my time on developing property with the aim of generating a once-off profit. Alternatively, I could spend that time thinking about and helping my clients build wealth. Just one idea that helps a client creates a lot of value for them and me. That client will continue to do business with my firm and will likely refer their friends. And that will generate long term value for both of us.
I am deeply passionate about delivering the best independent financial advice. I am good at the work I do. And accumulating a number of happy ongoing clients generates stable economic returns. This is my Hedgehog and when I stick to it, my personal wealth grows. The reverse is true when I have deviated (which I did before I learnt this lesson).
One of my mentors, who has operated a successful business for more than 50 years and built significant personal wealth, advised me; “Every time I’ve done something outside of my core business, it has cost me time and money.”
Medico mortgage default rates are low if they stick to what they knowThe big 4 banks all have special divisions that target doctors (and have for many years) because it is widely accepted that mortgage default rates are substantially lower than the average. This stands to reason given few doctors are ever unemployed and their income is very stable and typically higher than the average.
This is true when lending to a doctor

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Despite the share market volatility as a result of Covid-19, all major industry super funds produced a positive investment return over the past financial year. Whilst that might seem entirely good news, there are some concerns for which industry super fund members should be aware of.
Let’s start with the good news firstI have compared the largest 8 Australian industry super funds. According to data collated by our research provider, Lonsec (SuperRatings), Cbus produced the best returns in the 2019/20 financial year. However, AustralianSuper produced the best long term (10 years) return, although there not a big difference between the top 3 funds (Hostplus, UniSuper and AustralianSuper). I have compared the investment options with similar levels of growth assets – but more on this below.
See table on blog (website)
Of course, longer term returns are what is most important. It is not always possible or even desirable to produce the best returns each and every year. Sometimes a fund has to take too much risk to do so.
Investment returns are important for marketingThere is no better marketing than achieving the highest investment return as it attracts a lot of new superannuation members.
I was very interested to read this article in the Australian Financial Review about Hostplus’ balanced option. For the financial year up until May 2020, it had lost 3.5%. However, as timing would have it, on 29 June 2020, the Fund decided to revalue its unlisted property 6.8% higher. This resulted in halving its its Balance options loss to -1.74% for the financial year. How convenient. I discuss my concerns with respect to transparency and accountability below.
There are a number of ways a super fund can window-dress its returns including revaluing unlisted assets and changing the asset allocation i.e. being more or less aggressive than the desired allocation of the investment option.
Fees vary substantially between fundsIf your super balance is relatively low, fees (and contributions) matter more than investment returns. However, as your balance grows (and certainly if your balance is above $250,000), investment returns become the most important factor.
Out of the selected funds, First State Super (FSS) charges the highest fees for its balanced option at 0.95%, whereas UniSuper is much cheaper at 0.53%. That is, UniSuper’s fees are nearly half as much as FSS, and that is likely to have a substantial impact on your balance over time.
Importantly, you do not have to pay higher fees in order to generate higher investment returns. You will note that UniSuper is the most inexpensive fund with close to the highest returns while for FSS, the reverse is true. The less you pay, the more you receive.




Concern 1: Some funds invest more aggressively it appearsPre-mixed investment options allow you to invest your super in a way that is commensurate with your risk appetite. If you are conservative, then you must select a conservative investment option. However, if you are aggressive, then a ‘growth’ or ‘high growth’ investment option might suit you. And if you are in between, like most people, a ‘balanced’ investment option is the way to go.
However, most ‘balanced’ options are not really that balanced. Instead, their asset allocation is closer to growth. The reason for this is they are chasing higher investment returns, to make their fund appear more attractive.
You might be surprised

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You may have read commentary that the share market isn’t reflecting reality at the moment. For example, the share market can rise by 3% on the same day that we receive bad news in respect to the spread of the virus. Spectators are left thinking how can market values rise when global economic expectations are so negative? That is a fair question.
Then there’s stocks like Tesla in the US and Afterpay in Australia.
Electronic car manufacture, Tesla's share price has risen by 50% over the past couple of weeks. Its market value is now equal to the total value of Australia’s big 4 banks plus BHP combined. The difference is that the banks and BHP make total profit of $12 billion p.a. whereas Tesla loses money (and has never made money)!
These exuberant valuations are happening here too. Towards the end of March, Australian listed FinTech company Afterpay was trading just above $8 per share. Today, it is trading at circa $70 per share and is worth over $20 billion. It also doesn’t make a profit.
So, how do you navigate a market that doesn’t make a lot of sense?
The Robinhood effectOne of the contributors to this irrational exuberance is the influx of amateur investors – often first-time investors. Back in May, Australian regulator ASIC noted there had been a 340% increase in the opening of new share trading accounts. The US has also reported a record number of new account openings this year.
The theory is that people are becoming bored being locked in their homes. Sports betting and casinos are closed. So, people have turned their attention to “gambling” on the share market.
FinTec companies, particularly in the US have jumped onto this trend. US provider, Robinhood is best known for gamifying share trading. It offers free stock to anyone that opens a new account – and additional free stock if you refer friends. The screen turns green if your trade is in profit (and red if its not), sends you confetti when you buy and gives you your money straight away after you sell, so you can trade again (it takes 3 days in Australia). Many brokerages in the US now don’t charge commissions or fees – instead they hide their margin in the quoted share prices. All of these things are aimed at encouraging people to gamble, not invest.
Similarly, ASIC has noted its concern with Australian retail investors trading in pursuit of quick profits. Its data suggests most are unsuccessful and lose money. For example, per ASIC, in the week of 16-22 March 2020, retail clients’ net losses from trading CFDs were $234 million.
Of course, this behaviour is against everything we believe at ProSolution and is more akin to gambling than it is investing. But speculators (gamblers) can have a substantial impact on markets in the short term – Bitcoin is an excellent example of this.
Everything is popular until it’s not. This will end in tears
Well-respected stock market analyst, Rob Arnott highlighted in this interview that Amazon is currently valued on a price-earnings (PE) ratio of 120 times. Even if you believe that Amazon could grow its sales by 20% p.a. over the next 10 years (which would mean that in 10 years it would be larger than the entire retail marketplace globally – you’d have to be sce

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Melbourne’s Covid transmission outbreak has been widely publicised by the media. Melbourne’s daily positive test rate is relatively benign by world standards (i.e. 0.5-0.6% versus 7.5% in the USA). However, the reinstated 6-week lockdown of Melbourne is likely to have a negative impact on Australia’s economy. Melbourne is responsible for producing over 19% of Australia’s GDP.
Spending has bounced back strongly with Victoria laggingFirstly, let’s start with the good news. The good news is that according to ANZ Economics, spending has bounced back relatively strongly (see charts below - click to enlarge).



Spending overall is up 5.5% year-on-year to 3 July 2020. Households are spending more on goods and groceries but substantially less on travel and entertainment.
Spending in Victoria is lagging compared to other States, due to the stricter lockdown rules.
Victoria’s lockdowns will give rise to higher unemployment and a prolonged recessionUp until a few weeks ago, I was firmly in the V-shape camp. That is, I expected the Australian economy would recover sharply after lockdown restrictions were lifted. I based this view on the assumption that there would be more targeted government stimulus post September. To date, economic data (similar to the spending data above) has been supportive of this view.
However, given Melbourne accounts for over 19% of Australia’s total GDP, Melbourne’s reinstated lockdown is likely to weigh heavily on the nation’s economic recovery.
It is my view that a second lockdown will substantially harm consumer and business confidence. A few weeks ago, restaurants and entertainment venues were contemplating reopening. Now they won’t be able to do that for at least another 6 weeks. There are not many (otherwise) viable businesses that could survive a 5-month closure. As a result, I fear that more businesses will not survive this period and as such, unemployment will rise and take much longer to recover.
Based on data from March & April, the following categories of expenditure will likely suffer the most: dining and takeaway, accommodation, entertainment and travel.
Impact of immigration, education and population growthBorder closures will have a negative impact on population growth due to reduced levels of overseas and interstate migration. And population growth drives economic activity and property values.
As discussed in my recent presentation (here), it is important to understand the migration statistics. Around 60% of Australia’s population growth is from net overseas migration. Anyone that lives in Australia for 12 out of the past 16 months is included in this statistic. Approximately 75% of immigrants are on temporary visas. Given temporary visas holders must sell any property within 3 months from leaving Australia, it is fair to assume that most of these people rent accommodation, rather than own it.
Net overseas migration (including both temporary and permanent) is typically represented by three main categories:§ 33% from the higher education sector – students aged between 18 and 22;§ 29% from skilled migration or working holiday makers. Typical age is between 22 and 37 and 85% go to the three Eastern States; and§ 21% from non-working visitors (these are all temporary visas holders of course).
Therefore, whilst overseas migrants de

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The price you pay for an investment property will only matter if you purchase the wrong asset. An investment grade asset will, in the long run, mask any purchase price errors that you may have made. That is why focusing on the quality of the asset is easily the most important thing you must do when investing in property. Simple math proves timing the market or buying below fair value is relatively meaningless.
Purchasing above or below intrinsic valueLet’s face it. We all want to get the best deal we can, and no one wants to pay any more for a property than they have to. It is my guess that the desire to buy well is driven mainly by two things; ego and misinformation.
Most people feel stupid if they subsequently realise that they overpaid for an asset - and none of us like feeling stupid.
The misinformation problem is that most people think the price they pay for an asset will have an impact on its performance. But that is not true for investment grade assets.
Show me the numbersAnyone that has followed my blogs for any length of time knows that I love to dive into the numbers. This topic is no different. My findings are summarised in the table below.



I compared the after-tax compounding returns resulting from investing in a $750,000 property, holding it for 20 years and then selling. I assumed that you borrowed the full cost of this acquisition (including stamp duty). The only cash you had to contribute to the investment is the holding costs i.e. the difference between the loan repayments and net rental income. I then calculated the internal rate of return - which essentially is your annual compounding investment return after tax.
I then varied two assumptions:§ Whether the price you paid for the asset was above or below intrinsic value; and§ The average capital growth rate over the 20-year holding period.
The reason the investment returns ranges (far right column) might seem high, particularly for higher growth scenarios, is because of the impact of gearing i.e. you achieve relatively large returns for minimal cash contributed towards the investment.
What did I find?If you purchase a property that has very low growth prospects e.g. 3% p.a. over 20 years, the price you pay for that asset will have a big impact on your investment return. For example, if you purchase the asset for a price 10% below its intrinsic value (i.e. buy well), you improve your return by 75%. Whereas if you overpay by 10%, you reduce your return by 77%. But the important point is that the return range is relatively low i.e. between 1% and 7.5% p.a.
However, if you buy a high-quality asset that will deliver say 9% p.a. of capital growth on average over the next 20 years, it doesn’t really matter if you overpay. For example, if you pay 10% too much, your return reduces by 8% - but you still achieve a compound annual return of over 21% p.a., which isn’t anything to sneeze at.
This data shows that the best way to mitigate risk is to level up on quality.
Great property for a fair priceAdapting a quote attributed to Warren Buffett, I assert that “I would much prefer to buy a great property for a fair price than a fair property for a great price”. That’s because a high growth asset will mask any purchase price mistakes.
Buying well (or not) will only impact your investment returns for one year (it’s a one-off event). However, the quality of your asset will impact investment returns each and every year. As such, you will remember (or be reminded of) an asset's quality long after you have f

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Over the past decade, investors and large institutions have been deserting expensive active fund managers in return for using their cheaper index equivalents.
According to Morningstar, investors in the US withdrew $USD204 million from actively managed investments (net) in the 2019 calendar year. However, low cost index funds continued to grow in popularity receiving (net) $USD162 million of new money. The transition away from active management into low-cost index funds has been happening for over a decade.
Whilst it is true that traditional market cap indexing has outperformed many professional managers over long periods of time, it does have its shortcomings, particularly in markets other than bull markets.
It is my thesis that investors would be well advised to employ a selection of fundamentally sound indexing methodologies. Doing so can reduce a portfolios risk and potentially expose it to higher future returns.
What are the recent stats of index versus active?Index funds are popular for good reasons. As I have written about previously, index funds typically produce better returns over the long run and charge much lower fees.
For example, only 16% of active fund managers have produced better returns than the index over the past 15 years in Australia (and only 11% in the US). However, it is important to note that the same fund managers have beaten the market each and every year. In fact, active fund managers may only outperform for one or two years. Statistics show that their outperformance almost never persists for longer periods of time.
According to data published by S&P Dow Jones, 81 Australian fund managers where in the top quartile in terms of performance for the 2015 year. Only 11 out of 81 remained in the top quartile a year later i.e. 2016 calendar year. And only 5 out of 81 were able to string three good years together (i.e. were in top quartile in terms of performance for 2015, 2016 and 2017). It is clear that ‘picking’ an active manager that will outperform is a very difficult thing to do, as it is likely you will need to chop and change fund managers every 1-2 years.
Three types of index methodologiesIndexing strategies typically fall into three categories:1. Traditional market cap indexing – this is the type that you are probably most familiar with and has been popularised by Vanguard since the mid-1970’s. Market cap indexing spreads your investment across an index proportionately according to a company’s value (compared to the index’s aggregate value). For example, if you invest in the ASX200, 8.2% of your money will be invested in CSL, 7.6% in CBA and so forth.2. Factor-based indexing – factor-based index methodologies uses measures other than a company’s market value (which is linked to its share price) as a means of diversifying your investment. These methodologies seek to break the link with price. The thesis is that price does not always accurately reflect a company’s risk and future returns. Examples of these mythologies include fundamental indexing and Dimensional.3. Equal weight indexing – This is probably the most unsophisticated indexing approach. It invests an equal amount of your money in all companies that are included in an index. For example, if you invest in the ASX 200 index, then one

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If you have a couple of thousand dollars surplus cash each month, what is the most effective way to invest it?
You could invest in the share market, repay your mortgage(s) or invest in property.
But there’s another strategy that might be particularly more attractive, especially since mortgage interest rates are ridiculously low at the moment.
You may not want to repay debt or invest in shares or propertyIt certainly doesn’t cost a lot of cash flow to borrow to invest in a residential property at the moment. However, it is difficult to buy an investment-grade property for less than $600,000, which means you need to borrow a relatively large amount of money. If you already own some direct property, you may not feel comfortable borrowing this amount of money.
Repaying debt at the moment might only save you 3% p.a. in interest costs, which isn’t terrible, but it’s hardly a big return on your investment.
And of course, you could invest your cash flow in shares in your personal name or family trust. But if you are relatively close to retirement (within 10-15 years), investing inside super could be a lot more tax effective.
So, what about borrowing to fund additional contribute into super?
First, let me clarify how you can contribute money into super.
What is a non-concessional contribution?There are two types of super contributions being ‘concessional’ and ‘non-concessional’.
Concessional contributions are more commonly utilised because these contributions are made pre-tax i.e. you receive an income tax deduction for them. You can make concessional contributions via salary sacrifice or by making a personal contribution into your super account. These contributions are taxed inside super at a flat rate of 15%.
Non-concessional contributions are after-tax contributions i.e. they do not affect your income tax position (no tax deduction). As such, they do not attract any superannuation taxes either (no contribution tax).
If your super balance is less than $1.4 million at the beginning of the financial year, you can make non-concessional contributions of up to $100,000 per year. Alternatively, you can bring forward 3 years of contributions into one i.e. contribute $300,000 in one year and nil for the following 2 years.
This page on the ATO’s website provides more information.
Borrowing to make non-concessional contributions isn’t normally a good ideaIf you borrow to make a non-concessional contribution into super, the interest in respect to the loan is not tax deductible. This makes it an expensive strategy when interest rates are higher than they are today, and therefore rarely worthwhile.
However, with interest rates so low today, I thought I would consider whether borrowing to make non-concessional contributions is an attractive strategy.
My financial analysisAssuming an investor has a surplus cash flow of $2,000 per month, they could borrow $200,000 today and contribute the full amount into super (i.e. make a non-concessional contribution). They could then direct their monthly surplus cash flow of $2,000 towards repaying this loan. The loan would be fully repaid within 10 years.
As noted above, interest charged in respect to this loan will not be tax deductible.
I have assumed the investor fixes their interest rate for 5 years at 3% p.a. After the 5-

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With the financial year coming to a close, I thought it was timely to share some of the common strategies we consider when helping clients minimise their taxation liabilities.
Of course, none of the information below should be considered personal taxation advice. I don’t know your circumstances and everyone’s situation is different. Therefore, please don’t act solely on the information contained in this blog. It is best to check with an experienced and appropriately licensed professional.
New work from home deductionsTo accommodate the fact that the majority of people have been working from home during the Covid shutdown period, the ATO has provided a shortcut method for these related deductions. In simple terms, employees are able to claim a tax deduction equal to 80 cents for each hour they have worked from home between 1 March and 30 June 2020.
If more than one person has been working from home in your family, each person is entitled to the shortcut deduction.
If you use the shortcut method, you are not able to claim any additional work from home expenses.
If you do not use this shortcut method, please refer to this blog which it sets out an alternate method for calculating deductions.
When to make additional personal super contributionsAnyone that is 65 years or younger is able to contribute up to $25,000 into super and claim a personal income tax deduction. Included in this concessional contribution cap is any contributions made by your employer on your behalf. This is referred to as Superannuation Guarantee Charge or SGC i.e. the mandatory 9.5% p.a.
If you earn less than $250,000 per year, all contributions are taxed at a flat rate of 15%. This means you pay less tax overall. If you are on the top marginal tax rate, contributing into super saves 35% (47% versus 15%).
However, if you earn over $250,000 per year, contributions are taxed at a flat 30%. This is called Division 293 tax. In this situation, you are still able to reduce your tax by making super contributions, just to a lesser extent.
Finally, if your taxable income is expected to materially exceed $90,000 this financial year and you have sufficient savings, then making an additional contribution into super may be tax effective. The marginal tax rate on income between $90,001 and $180,000 is 39% so contributing into super saves you 24%.
If you expect that your taxable income is unusually high this yearIf you anticipate that your taxable income this financial year is likely to be higher than next financial year (e.g. due to receiving a bonus or crystallising a capital gain), then you might consider whether you are able to use the carry-forward rule.
The carry-forward rule allows you to access any unutilised concessional caps in previous financial years. This rule commenced on 1 July 2018. Therefore, if you did not fully utilise the $25,000 concessional cap last financial year (i.e. 2018/19), and your super balance was less than $500,000 as at 1 July 2019, then you can access the unused portion of the cap this financial year.
If you have a Self Managed Super Fund, you may also be able to contribute an additional year’s worth of contributions this year too. This is called ‘contribution reservi

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Global ratings agency, Fitch estimates that the value of Quantitative Easing (QE) implemented this year could reach $9 trillion! To put that in context, that is equal to more than half the cumulative total global QE that occurred between 2009 and 2018! The Federal Reserve in the US has alone pumped $4 trillion into the market over the past 11 weeks. This is absolutely unprecedented.
Should investors be worried about the long-term impact of all this money printing (QE)? What are the risks that we need to be aware of?
The role of central banksCentral banks around the world are in charge of monetary policy. The aim of monetary policy is to ensure a healthy economy and an inflation rate that is within the stated goal.
When the economic activity increases and the economy approaches fully capacity, inflation can begin to increase. In this situation, the central bank would normally increase interest rates (to reduce corporate profits and consumer spending) to cool economic demand. If the economy slows down, the central bank can cut rates to stimulate demand again.
Interest rates is a central bank’s primary tool.
But what can a central bank do when rates are at or close to zero? Of course, they can contemplate negative interest rates (e.g. in Germany, banks are paying borrowers to take out loans), but that is largely ineffective.
What is QE?
When interest rates stop being an effective monetary policy tool, central banks start to consider more unconventional mechanisms such as QE. QE is the process of a central bank buying assets such as bonds. They do that by issuing new currency i.e. increasing money supply (often referred to as money printing). The aim is to stimulate the economy as a whole through injecting more money into the economy.
The US Federal Reserve started buying Mortgage Backed Securities (MBS) in 2009 to help the US recover from the impact of the GFC. The idea is that lenders could sell MBS to the Fed Reserve to raise funds. In doing so, banks would then have more funds to lend to property investors and homeowners. In turn this should stimulate demand for housing and aid in the property market’s recovery. To a large degree, it worked.
QE is not limited to MBS, however. Central banks can buy other assets including corporate bonds and even equities, which Bank of Japan has done. Central banks can target certain sectors of the economy if they so choose.
What has happened this year?Most central banks around the globe have participated in QE, including Australia’s RBA, the US Fed Reserve, Bank of England, European Central Bank and Bank of Japan. For the most part, the QE programs have been much wider than what they were during the GFC. Central banks have been buying corporate bonds (the aim is to increase lending to the SME sector) and Exchange Traded Funds (some of which invest in non-investment-grade corporate bonds, which is seen as aggressive).
As noted in my opening paragraph, Fitch estimates that the total value of global QE in 2020 to be circa $9 trillion (AUD)!
The RBA has been providing money to Australian banks at a fixed rate of 0.25% for 3 years to promote lending to home owners and businesses. That is why fixed rates have been so attractive lately.
What impact will QE have on our investments?A study conducted by Wharton Business

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There have been a number of economists and commentators who have predicted that property values will fall anywhere between 10% and 32% this year. It seems like it’s almost become a competition for who can be the most bearish.
However, my view is a lot less bearish. I believe property values won’t fall by more than 10% and it’s quite possible that they might not fall at all.
You could be excused for thinking that I’m an unrealistic property optimist, but I promise that is not the case. Of course, all assets can fall in value and I have written about the four key drivers to watch out before here.
What is needed for property prices to fall by more than 10%The predictions of property value declines are usually premised on the assumption that there will be more sellers than buyers. And perhaps some of those sellers are financially distressed, need to sell quickly and as such will drop their price to secure the sale. The occurrence of forced selling tends to weigh on property sentiment and the negative spiral begins.
However, the fact is that people will fight hard to avoid having to sell their home. It is their ‘castle’ and it’s that last thing they want to do. At the moment, banks are allowing borrowers to pause their repayments for up to six months. This avoids the need to sell a property of you are in financial strife. However, these repayment pauses will expire around September. This is also when JobKeeper payments are expected to cease and many people are worried about the impact.
What happens after September?Firstly, we have to remind ourselves that most people haven’t been materially adversely impacted by the Covid shutdown. Our research (survey size of 451 people from various employment arrangements and ages) suggests that two thirds of people have experienced an income reduction of less than 15% - many haven’t been impacted at all.
WOf the people that have been impacted by Covid-19, almost two thirds of them expect to recover their income back to pre-Covid levels within the next 12 months.
hSome people will need more supportNotably, 8% of respondents said that they were not confident that they could successfully service their loan repayments after September 2020. It is this group of people that may need additional support from the government and banking sector.
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If a borrower is unable to resume making normal loan repayments the bank will have to assess how long it may take the borrower to recover their income. If the bank believes it will take less than say a year, then I expect it would be very willing to agree to alternative repayment terms, which may include a second (full or partial) repayment pause period. In fact, the banks might formulate policies targeting specifically industries e.g. additional support for people that work in hospitality and tourism.
Westpac recently announced last week that it will allow borrowers impacted by Covid to switch from principal and interest repayments to interest only repayments for up to 12 months – avoiding the normal credit approval processes. I expect other banks will follow suit.
Banks will only force a borrower to sell their property if they believe it’s the only way it can get its money back. Foreclosing is usually a banks last resort, particularly in a post Royal Commission environment.
And it is very likely that there will be more targeted stimulusThe gover

Our most popular free guides:

Over the years we've written hundreds of articles. These three bring our best thinking together on the topics that matter most right now: choosing a super fund, debt recycling, and navigating the new tax changes.

Download them here

My new book, Wealth by Design, is out now:

Buy online or in bookstores. The ebook is available now, audiobook coming soon.

Got a question for the podcast?

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Important

This podcast provides general information about finance, tax and credit. It doesn't take into account your specific objectives, financial situation or needs, so you need to assess whether it's relevant to your circumstances before acting on it. If you're not sure, speak to a licensed, trustworthy professional.