Greatest hack for wealth creation.
Seems obvious but is very hard for people to do. The temptation to spend more when you make a bit more money is high.
Avoid this and your wealth will grow exponentially over time if you’re investing in the right assets.
Wouldn’t it be great to have an Irish school in Sydney.
Similar to how Australian schools operate in Hong Kong and Singapore.
Both the Australian International Schoool (AIS) in Singapore and the Australian International School Hong Kong (AISHK) operate under the NSW curriculum and roughly follow the Australian school calendar.
Both those schools are very popular and sought after with around 4000 students between them.
Considering there are millions of Australians with Irish heritage and tens of thousands of us who were born in Ireland but now call Australia home, a dedicated school to preserve and celebrate our Irish culture and language would be great.
There is already a model for this in Sydney with the French school, Lycée Condorcet de Sydney (LCS). They follow the European circulum and calander, meaning summer holidays in July/August.
As with LCS and other international schools, they follow a bilingual immersion environment of different types, varying from certain subjects in different languages or day on day off with either language.
Would be interesting to see the demand for this kind of bilingual Irish speaking school that would follow the European holidays🤔
The investment decisions you make today will determine your family’s quality of life 10 years from now.
Income tax payable:
Below is a range of salary amounts, along with income tax paid at in those ranges (including Medicare and DIV 293) and also at what date in a year do you stop working just to pay tax.
✅ $200,000 income
~ Tax Paid: $60,138
~ You work until April 20 just to pay tax.
✅ $300,000 income
~ Tax Paid: $111,638
~ You work until May 16 just to pay tax.
✅ $400,000 income
~ Tax Paid: $158,638
~ You work until May 25 just to pay tax.
✅ $500,000 income
~ Tax Paid: $205,638
~ You work until May 31 just to pay tax.
✅ $600,000 income
~ Tax Paid: $252,638
~ You work until June 3 just to pay tax.
✅ $700,000 income
~ Tax Paid: $299,638
~ You work until June 6 just to pay tax.
✅ $800,000 income
~ Tax Paid: $346,638
~ You work until June 8 just to pay tax.
✅ $900,000 income
~ Tax Paid: $393,638
~ You work until June 9 just to pay tax.
✅ $1,000,000 income
~ Tax Paid: $440,638
~ You work until June 10 just to pay tax.
This information is just estimates and may vary at the margins. Every measure has been taking to ensure accuracy but we cannot guarantee the figures are 100% accurate and you should refer to the ATO website and your accountant for tax information.
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