No free lunch when it comes to investing or borrowing
When investing or borrowing, the promise of crazy returns or interest rates significantly lower than the competition is most likely a lie.
The promise of crazy returns will often result in the loss of your investment and exceptionally low-interest rates usually come with hidden fees. There is no free lunch.
Implementation and cost
Stay away from ‘get rich quick’ schemes or loans with interest rates that seem too good to be true.
Visit ASIC to learn what to check before choosing a lender or investing.
Similar posts you may like
- Consistency is key to exceptional business results
The key to exceptional business results is consistency. If you do nothing else, be consistent. Consistency doesn’t mean being the best at something or Read more
- Tax planning vs. tax avoidance: why the difference matters
When it comes to helping clients minimise tax, the difference between tax planning and tax avoidance isn’t just technical—it’s about ethics, intent, and Read more
- Insights from fast growing businesses
Nobody accidentally finds themselves on top of the mountain. You only get there by having a goal, working to a plan, and working hard Read more
- Tax Planning Sin 4: Failing to Gather Client Information and Data
Just as financial planners need to know their clients when preparing a financial plan, so too do accountants need to know their clients when Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2