Podcast 7 – On going journey, keeping things going
Pod casting from Sydney, Australia – Welcome to Take Control and become the expert in YOUR finances, where You’ll discover sound principals and proven strategies to take your Financial Position to the next level, giving you Complete Control and Certainly in today’s turbulent economic conditions.
– Angela Dye!
On going journey, keeping things going
- Constant review of budgets, income goals
- What happens if… lost job, unexpected baby, family crisis or is life gets in the way.
- Learn when NOT to panic, Be secure, stick to the plan.
For More Information Visit: http://www.richmondresidential.com.au/
Here is a small sample of the Podcast content below:
Hi everyone. It’s Angela Dye. Welcome back. We’re getting close to the end of the podcasts now, so I hope you’ve been enjoying them all. This one’s based on what happens next after we have decided to buy the investment property.
Okay, great, Angela. So we’ve got our investment property that we have purchased and it’s almost ready to go for the tenants to move in. Are there any things that we need to have in place or be mindful of to really help us along the ongoing journey and keep things going?
One of the most important things here is recordkeeping. We need to make sure that you’ve set yourself up a folder, either on your computer or a hard copy, where you keep all of the paperwork that’s relevant to the purchase of the property and the ongoing costs associated with the property. Another important thing to do is make sure you’ve done your depreciation schedule, you’ve had that done for you, and you’ve given that to your accountant. And then your accountant should be looking at doing a tax variation for you.
So what does depreciation actually allow you to do, a depreciation schedule?