Have you ever wondered what it would be like to manage your own financial future? Take a deeper look into the world of Self-Managed Super Funds and see if they're right for you!

Get ready to dive deep into the world of SMSFs with our guest speakers, Joe and Luke from Obsidian Advisory. They'll tackle everything you need to know about SMSFs, from the basics of what they are and how to create one, to traps and pitfalls, different tax timing choices, and even how property investing comes into play. Joe and Luke will also share their valuable advice, personal anecdotes, and expert insights so you’ll be able to make better decisions for your own financial property investments. 

Making wise decisions can result in lucrative rewards - Whether you're a first-time investor or just interested in learning more about SMSFs, this episode has got you covered.

Take control of your finances today with this exciting way of rising above ordinary investments!

Don't forget to like, share, rate, and subscribe for more insider tips and expert insights. See you in the next episode!

Episode Highlights:

• Welcome to InvestorKit Podcast [00:00]
• Don't Fall Into These Property Investing Traps! [1:11] 
• What is a Self-Managed Super Fund? [3:24] 
• South Korea Vacation: A Strange North Korean Story with a Valuable Lesson [6:14] 
• The Bare Trust: What It Is And How It Works [8:03] 
• SMSF Minimum Balance: How Much Do You Need to Start? [12:14] 
• What to Look Out For and How An Advisory Firm Can Help?  [13:45]
• Why is property investing such a popular option in SMSFs? [16:56]
• Understanding the Tax Implications of SMSF Property Investing [20:17] 
• Setting Up an SMSF: A Step-by-Step Guide to Compliance and Terms [22:56]

About Our Guests:

Joe Hart is a Chartered Accountant with over 13 years of experience in public practice. He holds a master's in taxation from UNSW. His skills have been learned over this time from multiple roles including time qualifying through Ernst & Young where he worked as a manager for a number of years. At EY Joe was a key member of their team helping fortune 500 companies as well as ASX-listed companies.

Luke Moylan is a Chartered Accountant with experience in public practice and commercial accounting roles. He has 10 years of full-time work experience in different accounting and finance roles from very small businesses to the big 4 banks and everything in between. He has worked with a start-up that went from a valuation of $0 – $300 million in 5 years. In business, he believes there is no such thing as a mistake, just a new problem to solve each day.

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Connect with Joe and Luke:

Website: https://obsidianadvisory.com.au/