If you are paying taxes, you are directly supporting many causes that are definitely not cruelty free. The bombing of civilians in the Middle East, subsidies for compulsory vaccinations, meat and dairy industries, fossil fuel extraction, surveillance and control of citizens, big pharmaceutical corporation’s profits…
If you feel you can do better with your contributions to society, there are ways of optimising your tax burden so that you have the freedom to decide where your money goes.
Everyday Australians can manage their tax burden by for example channelling their wages or business incomes towards property investments. In other words, Wealth Pillar #1 and Pillar #2 can help you get Pillar #3.
Australia is one of the few countries in the world that allow for negative gearing i.e. you offset your property investment shortfall against your other types of income.
Here is a cashflow analysis for a person with an annual income of $80.000, purchasing a $509.000 investment property. The net cashflow effects for a 25 year Principal+Interest as well as a Interest-Only mortgage can be remarkable.
You pay $73 a week, or $3796 per year, for 25 years to own this property. So you pay less than $95.000 in total for half a million dollar property. And this property is likely to have doubled in value at least TWICE, giving you great capital gains and ongoing rental income.
If you are curious about how this can be applied to your specific situation, get started today for free, no obligations.