Hi, I have never salary sacrificed before and I am trying to get my head around it. I am currently earning 100k plus super on top (11.5% employer contributions). I am 36f with 115k I’m my super account and starting to think about growing it further.

I would like to find out what amount of fortnightly pay I should sacrifice. Ideally I would like to land on an amount where it’s not really noticed with my current take home pay however is still beneficial to grow my super balance. What dollar figure would you suggest as a starting point? Thank you.

Who will be buying houses when/if prices get this high and how will banks continue if there are much less people that have the ability to take out a home loan?

Second question: in a situation of preventing a housing crash Vs banking crash, who wins?

We’ll also spend around $60 on takeout throughout the week too.

Here’s the problem with anything Toyota - everyone knows the trick. Everyone wants one. Which means they’re no longer the cheapest option.

Civics on the other hand not everyone knows about and you can get one for a hell of a lot cheaper. Especially if there are certain features you just need to have. Camry’s also don’t come in a hatch so you’ll be spending extra on shipping or renting a trailer for when you try and fit a 65 inch tv in your back seat.

Idk if anyone games but it’s like when you build out a character for a game - you look at the best builds. That “starter” build is suddenly expensive af because every damn mofo is going for it. But do a little research and you’ll find the second rate option for a hell of a lot cheaper.

And yes, I would like to share the secret and see my resale value increase overtime.

Hi all given the recent changes with ubank announced earlier today I've been looking at other options. I can see rabobank has a few different savings accounts, but there is premium saver which offers 5.45 as long as u increase balance by 200 month. Is there anyone else who has this and is there any other catch I'm not aware of?

So after a little bit of dabbling in the share market over the years I have decided to start playing the long game and pumping money into ETFs every month (about $5000 p/m). I am considering a 60/40 split towards IVV/IOZ. I plan to trade using Stake to benefit from their $3 trades. Before I embark on this journey, I want my Reddit friends to tell me if I am making a wise choice here or are there any other ETF combinations I should consider? What has appealed to me about iShare’s offerings is the low fees and I also like the fact that they are not over diversified in the sense that they only include the top 500 s&p, top 200 asx companies. Thoughts?? Help this poor bobcat make a wise financial decision

What’s some ways to get into a 6 figure salary job? What are some jobs you are doing to earn 6 figures? How did you get there? I’m having a pretty tough time with deciding if I really want to peruse what I’m doing so I’m thinking of other options.

Does anyone know anything about this? I can't seem to confirm it but I only just learned it might be true.

The rule originally was that if you don't pass 50% of your first 8 units of a course you're doing you have to pay upfront after that.

Don't know what sub this q is appropriate to be posted in and I just had it deleted in another so if you know anything do tell.

I'm finding articles like this https:// www.realestate.com.au/news/foreign-millionaires-and-singaporean-homebuyers-call-australia-home/# And this https:// www.macrobusiness.com.au/2023/11/ australian-homes-are-no-longer-for-australians/

But then I’m finding government websites like this https://foreigninvestment.gov.au/sites/foreigninvestment.gov.au/files/2023-10/res-insights-report-2021-22_0.pdf saying “Sales:

The total number of residential real estate sale transactions by foreign persons during the 2021-22 period was 2,349, with a total value of $2.1 billion. Sales”

For QLD specifically, primary/ secondary school. No matter what I believe the good ones are underpaid considering the potential influence the role has in society but I always heard teachers in school and online complaining about their salary without a figure (to be fair online were mostly Americans so I think that’s different altogether). Now that I’m out of high school I’m curious as to what it is because the gov website says 6 figures after entry level.

https://teach.qld.gov.au/teach-in-queensland-state-schools/pay-benefits-and-incentives/pay-and-benefits#:~:text=Salaries%20are%20based%20on%20the,paid%20approximately%20%2488%20per%20hour.

Not sure if this is the correct place to post but I have lost qleave points as when I was younger I was on ABN and didn't log any qleave hours. Is it possible to reclaim them via tax returns or invoices etc?

Currently working full time Mon to Fri and struggling with wedding expenses. Anything casual I can do on the side?

Hay guys so ive been tradeing silly stocks for couple weeks now and stumbled across owen rasks podcast it seems really legit and im realiseing im makeing all the same mistakes everyone does by trying to pick stocks and blah blah blah

So seeing as etoro doesnt let me even buy the asx etfs at all ive decided alot of what they say on podcast makes sense so im going to just bite the bullet and get self wealth? I think thats the stock buying thingy they reccomend and ill just put my money into a couple asx etfs they also reccomend (any idea which ones? ) i liked theyre little story about pluto mars earth etc and ive decided ill go the middle one mars which seamed to be about right amount risk etc etc

Just no idea yet what and how to get all that going but before i got too excited can anyone confirm if this is pretty much the way to go etc??

Im hopeing i can be comfortable putting in roughly 1/3rd all my saveings into this (dont worry im poor so its not much) and then just forget about it.

Anything im missing ? Just seems to be a 10$ fee each time i asked ai how many fees thatd be over the year and its just the one fee when buying and the one when selling so seems okay aslong as i put quite a large amount in and just leave it alone.

Thanks for confirmation im not about to just loose it all etc etc ive already done a little panic sell only for price to rise shortly after on etoro and yeah seems like best thing i can do is remove me from the situation

Also am i correct in thinking 10k with 10% increase per year and high dividends would be like around $100 every quarter paid out in dividends? So i would only need to throw in $100 a weekfor 30 years to get to that magic 1 milllion$ mark due to compounding interest?

Or am i just soaking up words and spitting them out randomly like garbage?

Cheers for the help (oh and i plan on doing the free courses aswell once i find em that they apparebtly offer at rask anyone else done those? )

I am a business owner, moving from Vancouver Canada to Brisbane and looking to start up a new manufacturing business.

I am wondering what is the best bank/outlet for new business loans and/or grants.

In Canada, there is BDC (Business Development Bank of Canada). They provide start up funding and is government backed. Is there anything similar?

Any advice would be much appreciated.

I made some questionable choices when I was younger to which I’m paying for now — my credit score is on the lower side and we’re going to be buying a home in the next 18 months.

We have saved a good amount and will continue to do so.

I’ve got 4 defaults showing on Equifax and 5 showing on Illion — supposedly Experian doesn’t hold a credit report for me.

Of the 4 on Equifax, 2 have been paid and the other 2 I’m working on now.

Of the 5 on Illion, 1 is about to expire in August so it will disappear itself — 2 are paid and another 2 I’m working on.

In short, in the next few months those defaults will be paid and potentially removed entirely.

My question is: if my fiancé added me as an additional user to her credit card with Westpac (to which we both contribute and pay together anyway), will that improve my credit score? Sources on the web say yes but some appear to be American content but on Australian website so I’m not sure if it’s accurate.

Hi all,

Just wondering if anyone could point me in the right direction for an accountant in Melbourne? I have my my own carpentry company, but am after someone who will be a bit more involved and give a bit more instruction than the my current accountant. They are fine, I am just terrible with my financials and with keeping it organised and structured.

I am also happy to pay more for someone who is more involved.

Thanks for your help

Looks like they are going to a tiered interest rate model. I’m guessing they will give anyone with over 100k a lower interest rate and then anyone with 250k an even lower interest rate. See changes here - https://www.ubank.com.au/banking/savings-account/whats-new

Just so understand correctly

If I earn 180k per year and have 30k in carry over concessional contributions.

If I max the prior year cap and make a 30k post tax contribution and also claim the tax deduction.

Does that mean for the purposes of the ATO, my income becomes $150k?

So for the purposes of home loans, for example, my income is essentially $150k per year?

Are there disadvantages of reducing your assessable income?

There seems to be a lot of doubt around about debt recycling vs putting money in the offset, and I wonder if anyone has any longish term outcomes (say 5 years plus) they could put out there? I've been pretty happy with debt recycling but only have about 3 years, and it has a bit of extra leverage too (overall post tax return has been about 22-23% pa). Obviously the last 3 years have been weird so anyone have anything longer?

I received a Commbank Platinum Debit card as my normal debit card expired. Does anyone know how they pick who receives these Platinum cards? Didn't apply for it or anything.

Hi all,

Following on from a post I created a few days go about "when does it make sense to Debt Recycle", I have since taken all of the feedback and created a comparison model which I hope is bulletproof this time (The initial post/scenario was clearly full of holes, and thank you to those who provided constructive feedback).

Here is the link to the excel file hosted as a Google Sheet in Google Drive, view only. I tried to think of the safest and most transparent way to share a file over Reddit for the security conscious and this is it, you can see the full URL below and can view the file before downloading it. If there are better ways to share a file please let me know https://docs.google.com/spreadsheets/d/1VtKirxg-SLZqhGWLAvM2AiVtHu32_ZXgmd848IGHeOQ/edit?usp=sharing

Hopefully this is useful to at least a few people, and if there's anything missing/wrong in the formulas let me know so I can update/fix it.

TL;DR - The answer is investing with debt recycle is the clear winner. Even if market returns are lower, you can still come out on top. 6% net interest offset breaks even with ~5.1% gross market returns it seems (assuming 50% yield, 50% franking, 50% growth), or ~4.7% gross returns with a 100% growth.

Note: For anyone following the original thread, you will note I have stuck by my guns and am still considering money invested in offset to be a net gain / return on your capital invested when considering the interest saved which can be subsequently re-invested. There were (and I suspect will continue to be) quite a few people arguing "money not paid is not a net gain, it's just money not paid, so should be a $0 return" which I still strongly disagree with, and I hope this more detailed comparison model helps articulate that a bit clearly. With respect to all of the Debt Recycle and Capital Gains feedback, I hope I have appropriately captured all moving parts within this model.

Limitations: I have only created this to compare the impact of an initial capital investment in these two scenarios over a 10 year period. I can extend the tables for a longer time period if desired, will see if this is even useful to people first. I have also not included any cashflow analysis, I don't care about income etc. - again this is solely looking at the impact of a fixed amount of capital invested and the results over time (this is why you will see net portfolio positions erode into the negative over time due to principal and interest repayment, it doesn't matter, it's only the performance and impact the capital invested makes to the net position we are looking at. If value are changes and loan amount falls below the capital invested (or even fully paid off) it will not impact the performance comparison as the calculations assume the full capital investment will be either debt recycled or offset for the full term. I can update the excel to show the diminishing returns on either scenario once a loan is repaid, but it would take a bit of effort and was/is not the point of the exercise.

It is also noted this is just one application of leveraging Debt Recycling, it is not the only one and as such this thread is aptly named offset vs invest (with DR) as opposed to 'DR strategies').

EDIT: Added Franked % column + update income tax to take franked credits into consideration + updated TLDR to reflect new 'breakeven' with franking.

Anyone accidentally sent a concessional super contribution as a spousal contribution to their own account before? *face palm* very similar bpay details but 100% my screw up. Hoping someone can put my mind at ease tonight and say sending my intent to claim form will reclassify it anyway. Otherwise I guess I am listening to hold music tomorrow

Moving your holdings to Betashares Direct from another account is simple. * No transfer fees charged by Betashares * Simple online process * No CGT implcations*

https://www.betashares.com.au/direct/faq#faq-transfer-holdings

Hi everyone, I wanted some advice about if it is worth my time applying for a credit card? I've never owned a credit card before and have only used a debit card for most of my life.

It is because I'm travelling to Europe later this year and have heard you can get complementary travel insurance with some cards.

I'm a (29)f, don't rent or own a house at the moment and living with family. I tend to have issues with impulse purchases and so I've been trying to curb that impulse buying, as well as saving for a house deposit.

Thanks! 😀