Ravi Sharma · Personal Finance with Ravi Sharma | Australian Finance & Property Podcast · How To Actually Get Rich In Australia | 7 Rules!
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Pays for an accountant early in his investing journey to set up proper structures (company/trust) instead of DIY tax returns
“You can limit how much of your returns you lose at taxes through the art of what's called asset location, which is deciding which investments should go in which types of accounts.”
“I’d rather pay that ADHD tax up front instead of having to pay to fix something down the road”
“Investment bonds… are taxed within the structure each year at a maximum rate of 30%… and then there's no tax when you transfer later on”
“We started with captain owners, then smaller, then mid-sized, now mid- to large-sized companies with proper capital structures.”
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