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Welcome to Firstlinks Edition 555

Welcome to Firstlinks Edition 555

There are five ways to get very wealthy, so wealthy that you don’t have to worry about money for the rest of your life: a highly paid career, having equity in a business or businesses, family money, luck, or a combination of these. Let’s go through them: 1. A highly paid career This is the least likely to get you exceptionally rich. Sure, CEOs at ...
The challenges of retirement aren’t just financial

The challenges of retirement aren’t just financial

Graham Hand’s update last week, five months on from his cancer diagnosis, understandably struck a chord with readers. It wasn’t just his battle with brain cancer. It was also his revelations of struggling with not being able to work, and in some ways, of losing his personal identity. It brought home that in debates about retirement or semi-retirement, ...
The mixed fortunes of tax reform in Australia, part 1

The mixed fortunes of tax reform in Australia, part 1

This article is based on edited extracts from Paul Tilley’s book, Mixed Fortunes: A History of Tax Reform in Australia, published by MUP https://www.mup.com.au/books/mixed-fortunes-paperback-softback. ----- A country’s tax system has a quasi-constitutional character in that it establishes how a community shares the burden of funding government services ...
America, the world’s new energy superpower

America, the world’s new energy superpower

After having to import massive amounts of foreign energy for most of its modern history, the United States became energy independent in 2019, thanks to the fracking and shale revolution. In a paradigm-shifting development, the US has become the global energy superpower, combining production, technology and capital in a way never quite previously ...
How AI will transform the real estate sector

How AI will transform the real estate sector

The real estate industry, traditionally characterised by its cautious adoption of new technologies, is now at a pivotal juncture. The emergence of AI, with its open-ended and self-evolving nature, promises to fundamentally change the way we live, work and play. Investors, managers, and occupiers find themselves sitting atop mountains of data, ...
Charitable giving and tax deductions

Charitable giving and tax deductions

With the impending Stage 3 tax cuts incentivising taxpayers to bring forward future tax deductions while tax rates are higher, it’s a good time to explore a more strategic way to bolster your tax savings, and your community impact, through structured giving. Tax time in Australia is not just about crunching numbers; it's also an opportune moment to ...
Welcome to Firstlinks Edition 554

Welcome to Firstlinks Edition 554

Think back to when you were 10 years old – what were you like and what did you value? For me, my primary memory is of playing tennis. My life was consumed by the sport. During the school holidays, I played all day, every day at my local club. And I’d just started to play statewide tournaments. There wasn’t a lot else that got my attention, including ...
Redesigning retirement: The case for soft defaults

Redesigning retirement: The case for soft defaults

“The retirement phase of superannuation is underdeveloped and does not meet the risk management needs of many retirees.” Any guesses as to who said this and when? Could it have been in the Final report for the Retirement Income Review, released in November 2020? Or was it said by the Government when the Retirement Income Covenant was implemented in ...
Five months on from cancer diagnosis

Five months on from cancer diagnosis

Since the first sign of my brain cancer at the end of October 2023, life has been uncertain and changing constantly. The months pass in waves of treatment: chemotherapy, radiotherapy and numerous medications. Until the new year, I thought I would write about markets and products as I had in the past. That has not been possible yet. Life has radically ...
Tomorrow’s innovation, today’s investment opportunity

Tomorrow’s innovation, today’s investment opportunity

As share prices in some of the world’s biggest technology companies challenge their own highs in early 2024, many investors could justifiably be asking themselves if pricing might be getting overly exuberant? For the long-term investor however, they are perhaps asking themselves, ‘who has the runway for growth?’ As this century has shown, innovation ...

Welcome to Firstlinks Edition 555

Welcome to Firstlinks Edition 555
There are five ways to get very wealthy, so wealthy that you don’t have to worry about money for the rest of your life: a highly paid career, having equity in a business or businesses, family money, luck, or a combination of these. Let’s go through them: 1. A highly paid career This is the least likely to get you exceptionally rich. Sure, CEOs at ...

The challenges of retirement aren’t just financial

The challenges of retirement aren’t just financial
Graham Hand’s update last week, five months on from his cancer diagnosis, understandably struck a chord with readers. It wasn’t just his battle with brain cancer. It was also his revelations of struggling with not being able to work, and in some ways, of losing his personal identity. It brought home that in debates about retirement or semi-retirement, ...

The mixed fortunes of tax reform in Australia, part 1

The mixed fortunes of tax reform in Australia, part 1
This article is based on edited extracts from Paul Tilley’s book, Mixed Fortunes: A History of Tax Reform in Australia, published by MUP https://www.mup.com.au/books/mixed-fortunes-paperback-softback. ----- A country’s tax system has a quasi-constitutional character in that it establishes how a community shares the burden of funding government services ...

America, the world’s new energy superpower

America, the world’s new energy superpower
After having to import massive amounts of foreign energy for most of its modern history, the United States became energy independent in 2019, thanks to the fracking and shale revolution. In a paradigm-shifting development, the US has become the global energy superpower, combining production, technology and capital in a way never quite previously ...

How AI will transform the real estate sector

How AI will transform the real estate sector
The real estate industry, traditionally characterised by its cautious adoption of new technologies, is now at a pivotal juncture. The emergence of AI, with its open-ended and self-evolving nature, promises to fundamentally change the way we live, work and play. Investors, managers, and occupiers find themselves sitting atop mountains of data, ...

Charitable giving and tax deductions

Charitable giving and tax deductions
With the impending Stage 3 tax cuts incentivising taxpayers to bring forward future tax deductions while tax rates are higher, it’s a good time to explore a more strategic way to bolster your tax savings, and your community impact, through structured giving. Tax time in Australia is not just about crunching numbers; it's also an opportune moment to ...

Welcome to Firstlinks Edition 554

Welcome to Firstlinks Edition 554
Think back to when you were 10 years old – what were you like and what did you value? For me, my primary memory is of playing tennis. My life was consumed by the sport. During the school holidays, I played all day, every day at my local club. And I’d just started to play statewide tournaments. There wasn’t a lot else that got my attention, including ...

Redesigning retirement: The case for soft defaults

Redesigning retirement: The case for soft defaults
“The retirement phase of superannuation is underdeveloped and does not meet the risk management needs of many retirees.” Any guesses as to who said this and when? Could it have been in the Final report for the Retirement Income Review, released in November 2020? Or was it said by the Government when the Retirement Income Covenant was implemented in ...

Five months on from cancer diagnosis

Five months on from cancer diagnosis
Since the first sign of my brain cancer at the end of October 2023, life has been uncertain and changing constantly. The months pass in waves of treatment: chemotherapy, radiotherapy and numerous medications. Until the new year, I thought I would write about markets and products as I had in the past. That has not been possible yet. Life has radically ...

Tomorrow’s innovation, today’s investment opportunity

Tomorrow’s innovation, today’s investment opportunity
As share prices in some of the world’s biggest technology companies challenge their own highs in early 2024, many investors could justifiably be asking themselves if pricing might be getting overly exuberant? For the long-term investor however, they are perhaps asking themselves, ‘who has the runway for growth?’ As this century has shown, innovation ...