Your first Business Activity Statement (BAS) is due for lodgment on 11 November 2000. Following are 10 things you must remember to do in relation to its preparation. 1. Record Keeping The Commissioner has advised that everyone who lodges... read more
Poor cash flow is the number one reason why businesses fail. Cash flow is the balance between your income and your expenditure. When these get out of balance, or your timing is wrong, your business is drained of its... read more
A Balance Sheet includes: Assets Assets are the positive items that a business owns. Assets include mainly Cash in the Bank, Monies owing from customers (Debtors), Motor Vehicles, Plant & Equipment, and Office Equipment. Assets can be broken up... read more
The Science of getting and being poor requires a lot of steady destructive work. Step 1: Cut all power and communication lines you have with powerful people, if possible bad-mouth them to others and get agreement that they are... read more
You’ve done your reading, you’ve heard the presentations, you’ve listened to the advice and now you’re ready to get in the game. It’s time to purchase that real estate. The most effective way to go about this is to... read more
While Australian’s are becoming more comfortable with the idea of having a stake in commercial buildings very few really understand the rules of investing in commercial real estate. According to international real estate investor Dolf de Roos, people make... read more
For a number of years now, mortgage interest rates have been at historical lows in much of the Western world, in some cases at 40-year lows. The general consensus is that low rates mean low mortgage interest payments, and... read more
My rich dad said financial IQ was very important for your success in the real world and financial IQ entails more than just earning or creating money, which is what most people focus on. You have to learn to... read more
On my last tour of Australia many people were keen to discuss the stock market. They were anxious about the reliability of information available on the business channels – especially the information provided by market analysts. Understanding analysts I... read more
In an excerpt from his new book Rich Kid Smart Kid™, Robert Kiyosaki shares more of the inspiring and practical financial knowledge passed on from his Rich Dad. Education is more important today than at any other time in... read more
True financial independence is achieved through the consistent implementation of well-understood financial principles and rules, and not by the ‘magic’ of quick-fix feel-good secret formulas. You can create all the wealth you desire for yourself and your family by... read more
Each of us resides in at least one of the four quadrants of the CASHFLOW Quadrant. Where we are is determined by where our main source of income comes from. Many of us rely on pay cheques and are... read more
