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54% of Aussies passed this quiz – Can you?

@EQUITYMATES|20 June, 2023

At Equity Mates Media, we’ve got two podcasts designed to help new investors and those who are yet to get started. Here’s what we’re chatting about this week…

Get Started Investing

54% of Aussies passed this quiz.
Can you…?

Canstar published Test My Money IQ and claimed that only 54% of Australians could pass! We put our team to the challenge in a Hot Seat-inspired episode.

Here’s the first question:

Redraw and offset are exactly the same thing? True or False?

Easy? Hard? You don’t know? Quick! Get into your Get Started Investing podcast feed, download the episode now, and play along with the team! (Spoiler warning:)Send us a message if you do better than our team as well – we’d love to meet someone with a perfect score.

Listen to the Podcast

What we’re chatting about this week…

Tax time can be a bit of a headache, but we’ve got your back.
Here’s a checklist of 4 things you should think about before July arrives.

Get those docs in order

Collect all the important things you need for tax filing. Income statements, expense receipts, shares sold, stocks bought, charitable contributions! A great tip is to take a photo of any pesky paper receipts and make a folder on your notes app or photos album, so you’ve a digital copy.

Organise your finances

If you’ve been putting budgeting on the back-burner, this is your EOFY resolution. It’s the perfect time to commit to a budget (check out Bryce’s template here) & categorise your income and expenses, because that’ll help you find this more easily in the year to come. Visit the ATO website and read through the categories and see if you there’s any deductions you’re not aware of!

Top up your super

Pending on your income bracket, there are a number of perks that you might be able to take advantage of by contributing to your super. For example, the government may make additional contributions to your super fund if you meet certain criteria. Just beware, this is very individual – so make sure you do your own research OR…

Consider professional help!

While there’s nothing stopping you completing your return on your own, taxes can still be tricky and time consuming. Finding a qualified tax professional who can walk you through the process can be an investment in your own peace of mind.

Explore our Tax Episodes here

This is an excerpt from our Get Started Investing Newsletter email. Once a week, for those , we’re featuring some of the most interesting content we’ve come across in this weekly email. No spam, we guarantee.

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54% of Aussies passed this quiz – Can you?

@EQUITYMATES|20 June, 2023

It’s a game of Equity Mates HotSeat! CanStar have released a quiz that they claim that only 54% of Australians could pass. To test it out – we tested it with our Equity Mates HQ team. Play along at home here with the link here: https://testmymoneyiq.canstar.com.au/

Who are you backing for the win? How did you go playing along? Let us know by getting in contact here. 

PS. We’ve got two special offers on atm.

First the Rask + Equity Mates courses! Take a free course or become part of the highly-rated Value Investor Program, and get $100 off with the Promo Code: MATES

And if you’re currently sorting your EOY Tax – remember Sharesight makes the whole tracking process super straightforward and is the best product we have come across in the market to track your investment portfolio. It has the ability to track the price, performance and dividends from 240,000+ global stocks, crypto, ETFs and funds.

If you join now via Equity Mates, you’ll save 4 months when you purchase an annual premium plan. If you purchase by 30 June, you may even be able to claim it as a tax deduction (just check with your accountant). You must follow our link here to claim this discount: sharesight.com/au/equitymates/

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In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

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Get Started Investing is a product of Equity Mates Media. 

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. 

Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. 

Equity Mates Media operates under Australian Financial Services Licence 540697.

Get Started Investing is part of the Acast Creator Network.

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