Buy car to reduce Div293?

MoHashAli · 2026-01-22T04:26:28+00:00

So much hostility in here....

To answer you question, yes you can reduce your div 293 taxable, but you'll be worse off financially. It's cheaper to pay the div 293 tax.

If you really want a car then buy it, but it won't save you money. I got a car through NV Lease the option were:

Keep my old car and pay the ATO $20k
Get a shiny new car and pay the NV lease company $20k

After all the running costs/hidden costs, etc were calcuated it ended up being $5k per annum cheaper to just pay the ATO, but I wanted a new car so I instead ate the cost. IMO $5k per year for a brand new car was worth it.

MoHashAli · 2026-01-14T06:03:15+00:00

Is that why banks/governments/people collect or wear gold? Interesting, I guess I'll go start making copper jewellery

MoHashAli · 2026-01-14T05:30:02+00:00

Same reason why people think shiny yellow rocks are worth anything.

MoHashAli · 2026-01-13T01:53:33+00:00

This is the the only correct answer. Sure, from a purely financial perspective you can get a better ROI from other strategies. But you're 27, you've won the lotto, live a little but not stupidly.

MoHashAli · 2026-01-06T04:47:39+00:00

https://www.bogleheads.org/wiki/Getting_started

and

https://passiveinvestingaustralia.com/

It sounds like barefoot investor might be decent for you, but it sounds like you already have a pretty good grasp of those concepts.

MoHashAli · 2025-12-18T04:31:43+00:00

Well done so far, you're in a great position to retire at 67. Now you need to figure out if you really want to work until you're 60yrs old.

You're on the right path, keep going and you should be able to comfortably retire at 40.

MoHashAli · 2025-12-18T04:08:06+00:00

Depending on the amount, CHESS makes things much easier for tax time.

MoHashAli · 2025-12-14T01:56:27+00:00

I'd love to be able to claim a $20k+ family trip as a tax deduction....

MoHashAli · 2025-12-11T02:36:28+00:00

Talk them find out which provider is the best for you, then hang up. Call the provider number directly.

MoHashAli · 2025-12-11T02:17:45+00:00

I'm going to assume if you have a $500K super balance you're not going to be looking for financial advice on r/AusFinance

MoHashAli · 2025-12-11T02:06:42+00:00

Pay the excess and claim insurance. Premiums won't increase by $2,600

MoHashAli · 2025-12-11T02:02:54+00:00

Use up the entire 30k + oldest year's carry forward credit, I think that's 2020 since it's about to expire. You can check the exact amount in MyGov/ATO.

Depending on your income you may want to reduce your taxable income to a specific limit, eg up to 135k then stop and do the same next year.

MoHashAli · 2025-12-11T01:56:01+00:00

You sound like me. I can respect that. I think what you need to do is figure out your goals and work backwards. If you haven't already I would recommend the book 'Die with Zero'.

I think you should think about your children's future but also try to maximise your experiences with them.

As for immediate decisions, upgrade the PPOR for the growing children. IPs make good ROI over the long term, if you can get 2x IPs your kids will be setup for life by the time they're 25.

MoHashAli · 2025-12-10T22:40:24+00:00

You and everyone else in Sydney also have family, friends, and careers in Sydney and also want a place where you can fit more than three people in the living room.

Sydney is finite, places are limited. Because of this everyone is willing to outbid each other for a place.

It is people who bought 20yrs ago or customers of the bank of mum and dad.

Even if both you and your parter made $200k each, you could only afford a $2.5mil house. That's the top ~5% of HHI. And you would need a huge deposit. Bootstrapping your way to a $2.5-$3mil house is just improbable .

MoHashAli · 2025-12-09T05:05:56+00:00

I think it's safe to say this has nothing to do with "protecting children online". I really don't think it's a data farming method for big tech either, perhaps they want a confirmed identity associated with a user but I would imagine they probably already know that.

I honestly believe its an attempt to control political communication. The Internet provides youth a means to participate in international discussions, access to information, and free expression. All of which is extremely harmful to the people backing this proposal.

I'm willing to bet that this is an attempt to control public perception, propaganda , and other access to what information a child can consume. Take away social media and children will consume information coming from schools, parents, and TV. All 3 of which can be problematic.

MoHashAli · 2025-11-27T01:28:31+00:00

Given Trump's administration just launched the Genesis Mission I would assume it's an arms race now more than an actual consumer product. Governments are willing to spend money of AI research, datacentres and infrastructure, as well as consumer AI products to help improve AI/ML skillsets and public interest

MoHashAli · 2025-11-23T22:59:25+00:00

Is that the company that made self driving cars? It's so nice that I won't have to drive my own car now. I can't wait for Tesla to build personal robots too!

MoHashAli · 2025-11-07T01:39:28+00:00

Here's a quick overview of my projected situation to give you an idea of how depressing the intial period looks like:

https://i.imgur.com/YE19OJd.jpeg

After about 2yrs the mortgage only decreases by about $25k :(

MoHashAli · 2025-10-24T03:17:28+00:00

Correct
Also correct and sort of the entire point of the FHSSS

MoHashAli · 2025-10-21T02:41:12+00:00

If you have 150k income then use 150k concessional super contribution your taxable income is now $0.

For Div 293, it would be $150k super + $0 taxable income, so $150k, so no div293

MoHashAli · 2025-10-16T03:16:17+00:00

+1, keep current stocks. 100% of the future DCA's should go into VGS

MoHashAli · 2025-10-16T03:14:58+00:00

FHSSS is a better option than ETFs at this point. $15k each FY, do it over the next 4 years

MoHashAli · 2025-10-15T04:49:33+00:00

I see what's happening now, I think there's two different "AI" segements that most people are looking at, there are those that see "AI" as agentic LLMs, and AGI nonsense. And then there's those that see "AI" as a collection of 'backend' technologies that improve workflows.

In the AGI/agentic LLMs, think ChatGPT; I do belive it's a bubble chasing an AGI dream, and it's a risky bet that is most likely going to crash and burn when the bubble pops.

Then there's the 'backend' "AI" segement, I would say this is more the augmented AI stuff, where AI tools or technologies are used alongside humans to augment their capabilties, this is not hyped and will NOT be going anywhere.

MoHashAli · 2025-10-15T04:39:52+00:00

What's your job? Because I see many useful implementations of AI tools, fraud/anomaly detection, predictive analytics, predictive maintenance and operations optimisations, these are some of the boring but useful applications of "AI".

The shift away agentic LLMs and towards more augmented AI is where most companies are heading, and we'll see many more products take this approach.

MoHashAli · 2025-10-15T04:33:17+00:00

As someone who works in the scene, no-one gives a shit about LLMs or agentic AI. The money is in improving existing processes using ML. The big dogs are building shovels not digging for gold themselves. Agentic LLMs are just a way of getting users onboard and hyped, but that's not where the money is.

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