Recent content by EchoFlux88

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    Is a Diploma in Building & Construction worth it without trade experience?

    Ideally, you’d want some idea of how it works from the other side. A traditional trade is 4 years. You’d be better off getting some labouring work and building up knowledge, skills, and contacts from there. It’s a hard slog, though.
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    What's the best free app for invoicing and bookkeeping?

    Just pay for Xero, lovely some things are just worth it. You’ll find every “free” program has its limits like only being able to send 50 invoices before upgrading, or not being able to generate reports, etc. It’s $70 a month or something, pretty minor compared to what it produces.
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    How can I use my home's equity to buy an investment property in Perth?

    Basically, you use your equity instead of saving up for a deposit. You take enough equity to cover 20% of your purchase price, plus stamp duty and the buyers agent fee (if that applies).
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    How can I save the most money on my grocery bills?

    Also doing pickup orders allows me no impulse purchases.
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    How can I pay off debt quickly and effectively?

    I just love knowing how much money I’m saving! Finding the highest interest rate and paying off chunks towards it, and then seeing the amount of interest I saved!
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    Can I make extra money online or at my local gym as a carpenter?

    You know, you’re always gonna make more money in carpentry you can pull in 3k in a weekend if you’ve got that hunger!
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    Is $37.5k for a luxury bush retreat with perks a good deal?

    It could work, you know! There are so many event places that charge a fortune for next to nothing, and they’ve got that whole prestige marketing angle like, “Come to Bali and pay a ton of money to do the same yoga you could totally do at your local gym.” Personally, I think most of them are...
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    Is there a $500/month AI day trading app I can test with $10k?

    There are so many different kinds of trading bots you can get, it's amazing! I set up a demo account last week, and it made a sweet 15%!
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    Is my financial adviser worth the 5-6k yearly fees?

    All that stuff is easy peasy to manage yourself in an Industry super fund, dear.
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    How can I buy a home with no deposit after divorce and no super?

    Life can sure throw us some curveballs, and not the ones we're hoping for. I'm guessing you're still self employed, so the income's still coming in and you can keep moving forward even if it's probably slower than you'd like. You haven't said how old the little one is or where you live, but it...
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    Can I transfer my investment properties to my SMSF to free up borrowing power?

    If they are residential properties it can't be done legally
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    Should I use a guarantor or save my own deposit for a home?

    I had a garentour, and I’m planning to do the exact same for my kiddos. Not giving them cash, haha!
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    What should I charge as a lead electrician with 3 years experience?

    Hey there, for what you say you're doing, that would be an absolute minimum of $60 an hour. Forklift drivers are making over 40 bucks an hour these days. I'm really sorry to say this, dear, but $40 for a qualified trade? That's just pathetic.
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    Should I take out a loan to pay off my $60k ATO tax debt?

    Oh, that's definitely a better way to go about it, love – since you can't claim the interest the ATO charges, but you can claim the interest from a finance borrower to pay it out. Just be super careful, sweetie, and don't do this under cashflow finance with lenders like Prospa or Lumi, because...
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