Non Fungible Tokens (NFT’s) are digital assets (commonly but not restricted to images such as PNG’s or JPEG’s) that are minted on the blockchain. In other words, they are stamped as the original digital asset. Anyone can copy an image, but the NFT will always be the original and can therefore be assigned value. The…
Subscription-based services have become the financial model of the decade for a reason. Why give ownership to a customer for a one-time fee when the same customer can pay you every month for life on a subscription. How much are you spending on subscriptions each year? If you don’t know the answer to this…
Cryptocurrencies, non-Fungible tokens (NFT’s) and crypto domains are all products of the skyrocketing blockchain industry. The amount of money moving through the blockchain community is incredible and draws a crowd of hopeful goldrushes. Thousands are leaving their jobs in Hong Kong and the US to create start-ups dedicated to creating and selling NFT’s. High profile…
Good money habits are small and boring but make a big difference over time. First, figure out what you want. Are you trying to: Buy a house? Clear debt? Save for a life event such as a wedding? Create an emergency fund? Pay off your mortgage? Once you know your goal(s) and your timeline, use…
Whether you love or hate Christmas shopping, most of us are obligated to spend thousands each year on what ultimately leads to billions of tons of landfill the following year. And it’s not just Christmas. It’s the birthday of every kid in your child’s class. Easter, Halloween, Valentines, the list goes on. Endless consumption of…
A testamentary trust (sometimes referred to as a will trust or trust under the will) is a trust which arises upon the death of the trustor, and which is specified in his or her will. The three parties involved in a testamentary trust are: The trustor – Person who specifies that the trust is created and…
It’s easy to overspend in the holiday season and further distance yourself from your financial goals. We have spending pressures from every angle; gifts, dinners, parties and of course travel and accommodation. After the holidays, when the financial hangover becomes apparent, we look back and wonder where it all went wrong. Stop overspending in the…
A new strain of COVID-19, Omicron, first detected by virologists in South Africa threatens to derail the fight against the pandemic around the world and potentially the ASX and other financial markets. Will Omicron cause the ASX to crash? If Omicron proves to evade our current vaccines and is anything close to as deadly as…
Bitcoin and other cryptocurrencies differ from traditional electronic payment systems in that they do not require a third-party intermediary such as a bank. Rather, cryptocurrencies operate through a decentralised peer-to-peer blockchain network with participants communicating directly with each other. The peer-to-peer network of participants takes the place of the third-party intermediary. Like it or not,…
British working holiday visa holders in Australia have been forced to pay a flat rate tax higher than Australian residents without the tax-free threshold. The tax has been overturned as an English backpacker took Australia to court and won the favour of our High Court. The high court made the decision because the international…
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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2