Self-Managed Superannuation Funds or SMSFs provide another avenue for people to create and manage their wealth. Unfortunately, like many other highly regulated financial tools, they can be quite complex. In fact, there a number of common errors that people often make in SMSFs, which can be avoided with professional advice from the outset, of course….
Articles by Ken Raiss
Ken is director of Metropole Wealth Advisory and gives strategic expert advice to property investors, professionals and business owners. He is in a unique position to blend his skills of accounting, wealth advisory, property investing, financial planning and small business. View his articles
Property investment is one of best wealth creation strategies out there. In part because it has a long history of solid performance, so is therefore relatively low risk. It’s important to understand, however, that it is not completely without risk. That’s because every investment opportunity has an element of risk. The trick is to manage…
They say blood is thicker than water but when it comes to distributing your wealth, human instinct can take on a darker side because money is involved. People often feel vulnerable when contemplating their death, but this is no excuse to not have a Will. It’s vital that you receive legal advice when preparing your…
Why is it important to understand the difference between a repair or an improvement to your investment property? The property investor is often grappling with whether an expense is a repair or an improvement. This is critical because a repair can be written off immediately whereas an improvement must be written off over a longer…
Australia is becoming a more litigious society with more people considering suing and more lawyers opting to take on their cases for no upfront fee. While the number of law suits in Australia is growing, we’re still a fair way from the situation in the USA, where people have a 33 per cent change of…
There are a growing number of people in Australia wanting to create wealth by undertaking a small property development. Unfortunately, many people attempt it when they don’t have the knowledge or the know-how, and they end up financially worse off than they were before. Others, while clearly capable of managing the project, don’t set up…
Do you know the difference between productive and unproductive debt? In my experience, too many people have too much unproductive debt, and not enough debt that actually works for them productively to increase their wealth over time. The debt equation I had a conversation with someone recently who was considering paying off their home loan…
Australia is an entrepreneurial country of more than two million small businesses. Perhaps it’s our “give it a go” attitude that sees so many of us decide to take control of our financial futures. Of course, without small businesses, our economy wouldn’t exist given some 97 per cent of all businesses are classified as ones…
Debt sounds like such a bad word, doesn’t it? The thing is there is good debt and bad debt. Good debt makes you money – such as a mortgage on an investment property. You’re technically using other people’s money to create wealth through capital growth. On the other hand, bad debt costs you money –…
When the market seems a bit so-so, many investors start to consider how they can increase property values and their wealth independently. Sometimes, that involves renovating to boost its value and rental yield, and other times, after they have a few renovations under their belt, it involves developing a site. However, property development should never…
