An Epic Start

We're back! Episode 4 of Banking Basics or as we like to call it, Margaret Had a Brooch 🎉
The budget rudely interrupted us (and didn't do much for anyone while it was at it), but we're back on track with the lessons today.
If you're following along what are you thinking about investing in now the budget dust has settled? Drop it in the comments.
This is Epic Start - where we're learning the financial foundations young people actually need to get somewhere in life (Mother and Daughter - Bec and Paris Wilson). Come follow along. 👇

Lots of people have been asking “What about rent vesting?” - this was the only way onto the ladder for many city first homebuyers. What now after the budget?
🏡🙋‍♀️❓

So… what does the change to CGT actually mean for young people? Really!? 😳

What’s Capital Gains Tax?
And is the half price sale on investment profits gone?
Part 1/3

The old formulas for wealth building just got blown up. Now … there’s a new job to be done… 💥

A lot of people asked us “why?”
Follow along to learn the formula Paris is following next…

So it’s time to really dig into the options Paris has so we can set some realistic goals. And looking at them with her, we’ve had to have some hard conversations about what is sensible and achievable 😳

It’s tough to explore this stuff but it does show us the most sensible ways forward …

There's a few different ways to get on the property ladder for the first time. Each deserves some careful consideration. Here's the three big ones Paris is thinking through.

Note: these are typical scenarios but actual borrowing and eligibility varies and depends on your income, expenses and lender assessments - and all concessions vary across states