Hi friends, and welcome to your July newsletter.

With End-Of-Financial-Year behind us, now is the time to optimise your past years tax returns and pro-actively plan for the next one.

To help with the first, we suggest property investors work closely with your accountants... plus we emailed out the link to the ATO Guide for Rental Property Owners which can be found here if you missed it.

Also, many ‘work from home’ deductions may be available this year if you have been affected by the ‘work at home’ arrangements that many companies have implemented. Now, to pro-actively plan for the next one, let’s get serious.

We live in very interesting times. Particularly financially.

Whilst things are starting to feel more ‘normal’ (except in Victoria), I’ll remind you that so did the Titanic AFTER it hit the iceberg... for a while... until it was too late. Remember, the ‘experts’ and captain thought their ship unsinkable.

Over the past 2 weeks I’ve sent you plenty of educational emails about the Australian banking system, bail-in laws, un-payable US government debt, shut down global economies and more, and I hope you are taking note of the warning signs. Because we’ve already hit the iceberg.

Remember too, back in 2008, the Chief Economist of the US Federal Reserve wrote that, ‘there are people who say that the housing market will explode, and there will be a debt problem. We have 1,000 of the smartest PhDs in economics in the world. And we know it’s not going to happen. Who are these fools who say that this debt problem and housing problem will explode?’

Indeed, who were the fools? – All those PhD’s. The sub-prime crisis turned into a GFC and property prices in the US fell... hard. Very hard.

It’s time to evaluate every piece of property you own and decide if it is strategically important to you. If it’s a marginal, negatively-geared property that you’re hoping and praying for some upside capital growth in the future, you may well decide to off-load it.

My recent conversations with agents and renovators reveal housing stock for sale on-market is tight, and so, lower-to-median priced houses are getting strong sales prices at present.

This could well continue into spring, and this could be a perfect opportunity to get out well on certain properties. What happens when JobKeeper payments and other stimulus finish up after spring this year is anyone’s guess.

Of course, some strategically-significant, low or no debt, very well located, well-tenanted, positive cashflow or even rurally-located, or food-producing property, you may plan to keep forever, regardless what happens.

For years, I’ve suggested that you protect some portion of your wealth with precious metals. Gold has just broken above USD $1,800 this week. (The Aussie dollar has bounced back to over 69 cents in the last 2 weeks helping your buy-in price if you wish).

No one’s telling you this, but in the US there is a massive exodus of Americans migrating from the big cities to suburban and country areas by the millions.

They’re fed up with the increasing danger and civil disorder, violent police, densely populated disease spreading risks, and corrupt city officials, and are seeking a safer, more meaningful and peaceful life in the country. I’ve got no figures to prove it, but I’m certain it’s happening here in Australia right now too.

So, in the wake of all the evidence piling up, what are you going to do?

  ➠ If you take no actions, you could get lucky and be fine, or you could get wiped out.

  ➠ If you take wrong actions, you’ll certainly be worse off and you could get wiped out.

  ➠ If you take right actions, you could protect what you have, and you could make a fortune.

I’d rather be in the third category and that’s why I’m strongly advocating you seriously consider taking action on this month’s Gift of the Month below – it’s with world-class educator Sean Allison, who I am presenting a new Livestream with next Wednesday, 15th July.

Also below, is four highly recommended Success Tip Videos from our experts – kicking off with my video where I talk about the importance of environment on quality of life... then we have a brand new Crypto insider video from Aden Michielsen who discusses ‘Stable Coins’... James Dawson reveals his tips on how to avoid the common pitfalls of commercial property investing... and Matt & Liz Raad share insights into why many of their students are seeing explosive results right now in 2020.

I hope you enjoy this month’s newsletter and I wish you every success in the second half of 2020, the new financial year, and beyond.

To Your Success, and Get Educated Now.