Recent content by Breadzilla

If you generate multiple seven figures in revenue, you likely don't qualify for the small business CGT concession's $2m revenue test unless your net assets are under $6m. If you qualify for either test, you may be eligible for a 50% CGT exemption. Even if you pay 100% CGT and your business is...

Start grassroots. You will face cashflow problems, clients delaying payments, RTWSA obligations, and tax demands. Start from the bottom and learn the business. There is no point going into debt for a business built on manual labour and goodwill until you have established yourself.

You have to pay to play. If you pay tax, it means you make money. Reduced investors due to CGT will cause people to hold investments longer. That reduces stock availability and increases home values. If negative gearing is removed, owners will raise rents to make properties positively geared...

Everyone will be anonymous. 35 years old. $95k in hospital finance (easy job). I would aim higher and go for a better paying job. But I am already extremely well off with no debt and a paid off house. I like the idea of this post if people are honest about their earnings. It is a great way to...

Financially, it will benefit you. But do you want constant in law input into your relationship, your child's upbringing, and all that comes with it?

Get clear on your actual numbers before spending on coaching or programs. Know your income, expenses, and what's left. Everything else builds from that. Happy to chat if useful.

Stop paying extra down on your mortgage. Put that money into an investment property. An investment property will grow in value far quicker than you can pay down your loan by adding extra money each week. Sell the investment property in a few years. Use the proceeds to pay down your mortgage...

I'm on 6% rate with LVR of about 50%

Ask for a rate review. They won't do servicing unless you change the loan type. Get a good broker who can handle this. Many have 50+ options. Let me know if you get stuck.

What’s the interest rate on a new Camry

I suggest you rent out your place and rent somewhere together. Keep your property at arm’s length from her. This is how many men lose their assets.

Rates are not the best. Unless you also got the extra 0.25%, they are okay but still high. This may be because you were in mortgage‑insurance territory when you obtained them. Rates are usually higher there. Consider separating the two properties and using two different banks if keeping...

I negotiated the bill and paid at closing. You cannot dispute anything now. They sent the check proof of payment.

I've dealt with similar companies. They often advise stopping all debt payments to push accounts into collections. They fail to mention that credit card companies may sue. Your credit report will be damaged for seven years until those entries are removed.

You're right. Many have tried this but failed because they didn't change the behavior that caused their debt. They simply fell back into it. Start with a clear test: build a strict budget, cut expenses, order debts from smallest to largest, and use the snowball method. If you can't commit to...