By Duncan Barber and Maria Dyson. AirBnB can create extra income for you and your family, however this can cause some adverse tax consequences. Firstly, the income will need to be included in your tax return each year that you earn income from your property. However, a big potential down side is that if you use your principa Read More

According to the Reserve Bank of Australia, the average Australian earns $1,164 per week or $60,528 per year. Then, the average Australian saves 4.70% of their income or $2,844 per annum. Not much. You do not create wealth by saving money. Yet, I see many people hesitant to invest in their own financial future because it ‘costs’ them money. Read More