After I conducted thousands of appointments in personal practice as a financial planner, I founded Deduct Your Home  on the underlying principle that it’s wrong for you to give up your “power” to someone else, just because they specialise in something.

I say YOU must always be in control i.e. the one to “call the shots” and that knowledge and perhaps even more importantly, perspective, are the keys to intelligently and effectively wielding that power.’

By this I mean that of course you don’t have to know everything your advisers know about how to do their jobs and nor would you want to but as the “BOSS”, you do need to remember that everyone works for YOU and that’s why you need the vantage point of overall perspective, to ensure you always know what it takes to succeed at every turn and whether or not everyone on your team is doing their part as necessary!

Naturally in setting you up to save tax, build wealth, retire more comfortably, live a better lifestyle, enjoy a nice home in a better area and more, you won’t want anyone making strategic or procedural mistakes and so perhaps for the first time in your life and in a relevant manner of speaking, our system fairly and squarely puts you  in the driver’s seat!

Make It Good Debt!

Hello and welcome back!

Further to my last entry THE ATO REALLY SHOULD MAKE OUR PRIVATE RULING AND NOT COP OUT LIGHTLY!, last December, I managed to obtain a very warm inside referral from the manager of high net worth, private client wealth planning of one of the big four banks (hint it’s got three letters – well so do three of the four but that’s all I’ll say). It was later agreed to check us out in relation to our home-business Procedures etc. Having sent detailed presentation materials which clearly spell out very plausible possibilities for millions of clients and of which the bank could not currently understand how to accomplish absent my explanation (e.g. how to; save thousands every year in tax, save thousands every year in property expenses, build significant personal and business wealth, retire better off, live in a nicer home in a better area etc); I am bemused that my further emails and telephone calls remain unanswered. Perhaps it’s just my natural tendancy to want to be well-informed on breaking matters of paramount interest that would have me wanting to know as a major player in the Australian financial services landscape, just exactly what it is that some small-fry, smart alec like me thinks he knows (if anything)! I’m not taking it badly though as in this day and age, to have even obtained such a powerful opportunity to present is rare at best so on that front, some might say “I done good”. I wonder if I should make contact one more time (once I have that anticpated green light from the ATO in writing in about a week).  Hhmmnn???

Furthermore and over the last month or so, I’ve been dealing with another of Australia’s oldest and largest financial services organisations (definitely another three letter household name but strictly speaking, not just a bank), hoping to do a deal to roll out our Procedures en’ masse via a national network of nearly 1300 financial planners. Again I recently provided a detailed powerpoint presentation on the many merits of so doing etc however just this Thursday,  I received a call from my contact within, to explain that my offer to explain my IP in detail (under cover of our standard confidentiality deed), had been declined as the the conservative giant whale was just too afraid of being such a big target for the ATO (assuming there were unsettled tax issues). I briefly said they had it all wrong but to no avail.

These two cases alone illustrate that the larger the ship, the harder it is speak to the captain and to steer the damn thing – I’ve always known this but have lived in hope nonetheless.

It would also appear that there’s a distinct lack of desire amongst the heavyweight Australian financial corporates, to even want to know the nuts and bolts of  if and how all this “stuff” works before deciding that it’s not for them. I find it all very disenchanting when I think of the enormous databases of clients who may never get to learn of the amazing options that are now available to them.

Indeed I wonder if the “best interests” of clients of these oranisations ever really get a look-in as when the status-quo is one of continuing to earn record profits, what becomes apparent is  “if the wheel ain’t broke – don’t fix it”!

It’s a crap attitude I know so I’ll just keep on keeping on to help my fellow citizens; even if one at a time then.

Nothing wrong with that!

Make It Good Debt!