Discussion – Superannuation contribution
Recently I have been in discussions about superannuation contributions. And I think some information needs to be spread out to help you in building a stable retirement. Tl; dr; Employer must contribute super for their employees, minimum of 9.5% of the gross salary per annum. The amount of contribution is taxed inside super account at […]
Discussion – Cost of home ownership
As someone who used to live in my own house, I gathered a bit of information about the associated cost of home ownership. For this post, I would like to share my experience of the matter. Tl; dr; Cost of home ownerships can come in many ways. Closing cost (when purchasing the house) Moving cost […]
Discussion – Why am I renting?
Owning a home is the ultimate dream of many people. Some even say it is the biggest investment of one’s life. After almost a year of renting, I now have a better view at renting versus living in my own house. Tl; dr; Rent when: you are not ready to settle down; you have debts […]
Investing – my thoughts on comparison rates
So I recently completed a refinance. It took me over 3 months from contacting the broker to the day the account is created. I just want to share some thoughts on the difference between interest rate and comparison rate. And when one is more beneficial than the other. Tl; dr; Interest rate is the pure […]
Discussion – My goals for 2020
Setting goals is a good way to start the new year. Here are the outline of what I plan for my life in 2020. Tl; dr; Straighten my finance. Purchase at least 1 more property. Grow emergency fund to 3 months living expense. Write at least 52 blog posts. “Challenge” gather a good deal to […]
Discussion – What is Luxury Car Tax?
Luxury Car Tax or simply LCT is a tax collected by the Australian Taxation Office (ATO) on cars with a GST-inclusive value above the LCT threshold. The tax is paid by businesses that sell or import luxury cars (dealers), and also by individuals who import luxury cars, imposed at the rate of 33% on the […]
Discussion – What is GST?
Also known as the “Goods and Services Tax,” GST as Investopedia would define it is a “value-added tax levied on most goods and services sold for domestic consumption.” The tax is ultimately paid by consumers, which is then remitted to the government by the businesses selling the goods and services. As a result, GST provides […]
Discussion – Peer to peer lending platforms
Peer-to-peer (P2P) lending platforms is now growing in popularity. They are online investing platforms that match people or companies looking to lend and borrow allowing them to make direct arrangements between one another. Providing intermediary services, these platforms perform the relevant due diligence risk assessments and credit checks that often include with fee charges for […]