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 –…
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
Capital Gains Tax or CGT is never far from the headlines when there is a Federal Election looming. And this year is no different. So, it seems perfect timing to dive deeper into CGT so everyone has a better understanding of what it is and how you can minimise its impact on your wealth creation…
More and more Australians are trying to protect their financial future by setting us their own Self Managed Super Funds (SMSF). However, there are some interesting rules governing and who is legally allowed to run them. But very few of us understand them. Did you know that a “disqualified person” is not permitted to be…
Australian Tax Office (ATO) data shows that only 9% per cent of investors own three or more properties. So, if property was such a good investment, why do many stop at one? Unfortunately, most people simply buy the wrong property, buy emotively, sell quickly and never buy again, or stubbornly hold onto it hoping things…
Like baking a soufflé, successful property investing requires three important elements: a well-proven recipe, good ingredients and technique. Successful property investors know only too well that shortcuts or lack of research are sure to cause financial distress. They also know that given the level of expertise and knowledge required to make the right decision it…
Wealth creation has become a primary target for most people and many are finding property investment as an effective way to hit this target. While there are just over 2 million property investors in Australia, less than a quarter of these have more than one property investment – in other words they will never develop…
Family trusts can be a powerful tool for a variety of wealth creation and protection reasons. These include building wealth, protecting assets, generating improved cash flows, managing distributions to family members, creating flexibility as well as assisting with estate planning. But like all good things, there can be a downside, too. Unfortunately, if incorrectly used,…
The strength of Australia’s economy is due to its small and medium businesses. In fact, there are more than two million of them in Australia, who collectively employ a huge number of people. So, clearly, their importance to the overall health of our national economy cannot be overstated. However, one of the issues that small…
Did you know that as at 30 June 2017, there were more than 6.2 million lost superannuation accounts and the Australian Taxation Office held super accounts to a total value of $17.5 billion? That is a lot of money that could be better utilised to grow your wealth or to pass on to your family….
A new client recently came to see me. He was a little hesitant at first as he had been using an accountant, lawyer and financial planner and was apprehensive about the value Metropole Wealth Advisory could give. He left my office almost in tears when he realised the cost of his poor previous advice. Given that…
