Strategies for Your Stage 3 Tax Cut Cash

Jason · 00:00Welcome to episode 187 of The Numbers Game. I'm Jase. I'm back with Nick and Marty. How you going, fellas?

Marty · 00:07I feel great. I feel great, Jase. You're back. I didn't know where you went. Found out you went to conference, but luckily our producer Tommy Jackett jumped in. For three wonderful episodes. But, uh, geez, it's great to hear your dulcet tones, uh, opening the show.

Marty · 00:21I'm good, mate. I'm good. Where did you go? Where did you go?

Jason · 00:24I was in lawn, lawn for nearly a week, but it's just kind of time for one of our recording sessions. And lucky we've got such a great producer, Tommy, to jump in. Um, there was a poll that I saw went out on socials, um, Do we want Tommy in full time over Jace and I was a bit worried about the results there, but I'm glad you guys got me back.

Jason · 00:42Um, yeah, great, great to be here. And yeah, the, the episodes you did while I was gone were great. Just revisiting some of the amazing conversations that we've had. It seems, you know, Aussies, uh, mate, they are hot on the topic of things like tax cuts and where their taxes go. Don't get Nick started on payroll tax, but

Jason · 01:00yeah, we, we're here just to kind of have these conversations and empower everyday Aussies to make better decisions.

Jason · 01:04So. Bring it on.

Marty · 01:06How are you Nick? How are you going, mate?

Nick · 01:08I'm good. Yeah, refreshed. It's a Monday, the day we're recording this, so yeah, just coming off a pretty relaxing weekend. Um, yeah, ready and open to chat about payroll tax whenever you guys are, which is, it's actually been a while, so maybe we'll revisit it.

Nick · 01:25We can't, we can't let these things just go. Before we go

Marty · 01:27into tax. Um, you've bought it, you've imported some lovely honey, uh, on Friday and it was, um, prestige honey. And Nick was talking it up all Friday to the boys in the office and the ladies. Where are we going with this? And, um, yeah, this was probably the best honey you could ever have.

Marty · 01:45And by the end of the day, all the honey had left the premise and Nick had bought it as a gift. I knew, I

Nick · 01:51knew you'd bring this up.

Marty · 01:54Unbelievable.

Nick · 01:55I can't say too much, but I came across a guy who's.

Nick · 02:00Uh, has a business that he's, that he's going to launch and it's, um, it's, I guess, honey with health benefits.

Nick · 02:06And, you know, he brought in six, um, samples, I guess, for me to try, uh, and try on family, friends and stuff around pain, uh, reduction and stuff. We might talk about it one day, but can't at the moment. So I was showing everyone this honey and, um, in a rush on Friday, I, I left a good chunk of it, actually all of it in the kitchen.

Nick · 02:28Um, in bags and I came in Monday and it's all gone. So yeah, I think the fact that it was in the kitchen and I, I shouldn't have left it, I was in a hurry and put it down and then didn't pick it back up, but everyone just thought it was there. So I've spent the morning trying to, uh, locate the honey, um, which I have all but one jar at the moment, um, spoken for.

Nick · 02:53So yeah, fair to say it was. Some disappointed people in the office who thought they'd scored this

Nick · 03:00really cool honey, which you actually can't buy It's it's illegal to buy here. You can buy it in India and you can buy it in the States. You cannot buy it here Yes

Marty · 03:11Winnie the Pooh type brokers are looking very So if you've got Nick's Honey out there, our brokers listening, please just give it back.

Marty · 03:21We just, you know, we want it back.

Nick · 03:23Yeah. And you know, the, I think the key learning for me is that the kitchen table in here is a free for all. So, uh, anything you leave on the kitchen table is fair game. So, you know, I'll learn, I'll be better next time. And I'll make sure that if I, if I do forget it, I'll leave it somewhere else.

Nick · 03:39By

Marty · 03:39the way, while we're on this, if, if anyone's got my charger, you know, For goodness sake, give it back. I'm on 2%. So just, just, if it's, if it's someone else's, don't take it for goodness sake. Jase, what have you got for us? Bring us back to Saturday and, uh, take us along the path you're going to take.

Jason · 03:56Well, given, you know, at time of recording we're around end of

Jason · 04:00financial year, uh, 2024 in case somebody in the future is revisiting our archives, it's, uh, June 24, end of financial year has been madness.

Jason · 04:07Like in accounting land, we describe it as what retail is for Christmas in December. That's the end of financial year for accountants around May and June, especially in the tax industry. Um, but I came across a few articles that I thought was worthwhile sharing before we roll over into the new financial year, basically based around the stage three tax cuts.

Jason · 04:27Now, so many things also get announced in our country when it comes to tax law changes, legislation, you know, amounts you can put into super, um, you know, payroll tax rates, different thresholds. And one of the big ones that came out kind of towards the end of last year was, or that has been talked about for a long time, sorry, was the stage three tax cuts.

Jason · 04:47Now there was talks about, you know, the high income earners getting too much of a benefit. Um, and You know, what were these stage three tax cuts really going to achieve now, beyond all of the

Jason · 05:00politician bullshit, I just wanted to bring this back into something that was really neat and simple and easy to understand for everybody listening.

Jason · 05:06And what that is, is when you end up with extra money in your pocket. Quite often, if you don't make a plan for it, it's very easy to spend, especially when we're talking, you know, the, the average saving for everybody next year. Now this is spread out across everyone. You're going to have close to 2, 000 more in your pocket next year spread out over the year.

Jason · 05:26Now the actual average is 1, 889, which I think that works out to be around 36 a week. Let me do the math on that. Can we, can we make sure I'm not, so yeah, 36 a week. Got it in my pre notes. Now that doesn't sound like a lot. So, you know, Jase, you bring up stage three tax cuts and benefits for Australians.

Jason · 05:44You know, what, what, what kind of great impacts can we have with 36 a week? Now. The red thing I was if you don't make a plan, you're just going to absorb that 36 a week, a hundred dollars a week, 50 a week, depending on how much cuts you're up for. You're just going to spend that. You're going to

Jason · 06:00find a way to spend it.

Jason · 06:00You're going to buy the extra t shirt, the extra pair of shoes when Nick goes to store and not online to buy his things, you know, spend some extra money on coffees. And you're going to get to the end of the 24, 25 year, and you're going to have maybe the same amount of credit card debt. You might not have chipped away at the extra repayments on the home loan, and maybe you're still battling a help debt.

Jason · 06:19So what I wanted to talk about today was what are the options and how much of a benefit does it have to utilize these Stage 3 tax cuts to have a bigger impact than what, you know, 36 a week kind of sounds like it's not going to have a big impact. What do you guys think? Have you guys heard much about Stage 3 tax cuts?

Jason · 06:38Have anyone kind of mentioned what they're planning on doing with the extra money they're going to have in their pocket?

Nick · 06:42I would just say no, well, apart from the stage 3 tax cuts, I probably know, well, less than you because you're an accountant, I'd hope, but, um, I love what you're doing here because if I look at, well, not just in our business as financial planners, but, you know, we've spoken about this a

Nick · 07:00lot on the show.

Nick · 07:01particularly, um, Marty, you know, the power of compounding and how little bits or little things make a significant difference over the long term. Um, at the end of the day, we've been living the way we've been living and we've been getting by. Well, most people have anyway. So anything extra in your pocket, obviously what the government is trying to do is, is stimulate the economy.

Nick · 07:22So they want you to put that back into the economy, which I think most people will, but if you've, if you've got the, um, discipline to continue living the way you have been, um, I'll look at the things that we do with financial planning. So you're either putting that money into debt, uh, you're, you're investing that money on a regular basis.

Nick · 07:41Uh, you're putting that money away for your kid's education. You're putting that money into your super fund, whatever it might be. Um, but. If you've got the discipline to, to keep living the way you have been and use that money for something else, it can have a significant impact. So I really like where you're going to go with this, Jase.

Jason · 08:00Yeah, for sure.

Marty · 08:00Marty? Yeah. And the immediate thing I did was like Nick was talking about, 36 bucks a week compounded at 8 percent over 10 years is gee, 27, 197. So you've got your regular deposits of 18, 720 and interest of 8, 441. So that's, I mean, that's just over 10 years on 8%. So it shows you how those little, little amounts can really incrementally, uh, jump up over time.

Marty · 08:33And while you're chatting, Chase, I'll look at the impact of what that is in a mortgage as well in a moment. Yeah, for sure. So carry on.

Jason · 08:39And they're definitely the things to consider. And again, I'm, my brain's wired this way too, that if I don't think about it in advance, I find a way to, to, to make cash disappear pretty quick.

Jason · 08:48And, um, also being in my position, Nick, as you talked about, I get to see this stuff, uh, all day, every day when it comes to people's tax brackets, people's taxable incomes. And I'll probably start straight off the bat

Jason · 09:00by saying one of the biggest things that is impacting everyday Australians right now is they helped it.

Jason · 09:06Now, Um, historically for the whole time I've had my career over 10 years of doing tax returns and looking after small business owners, um, help debt repayments have never been an issue. It's always just been, ah, the, you know, the, the taxes withheld on somebody's wage or salary. It makes a nominal repayment against a help debt that's going up by maybe 1 percent of indexation a year up until recently.

Jason · 09:30And you know, so people were in no rush to pay it back. I mean, if you've got a home loan, that's it. four, five, 6%. You're going to put more money on your home loan. If you can put money into super and earn more money on your super, you're going to do that. So you're in no rush to repay your help debt. Now, all of a sudden, the last two financial years, we have never had people more shocked and more worried about their help debt repayments than what we have now.

Jason · 09:53Um, what's generally happening is. And for those playing at home, if you have a help debt,

Jason · 10:00um, the repayments are calculated based on your taxable income. So as a hypothetical, if you earned a hundred thousand dollars, roughly 4% of your 4% of your taxable income is calculated for your help debt repayment.

Jason · 10:12So you would pay back $4,000 against your help debt for a particular year. Now, let's say hypothetically you had a 100, 000 help debt balance, which we're seeing more and more these really big help debt balances for people that have studied, you know, one or two degrees or a masters, um, uh, post masters afterwards.

Jason · 10:32This person knocked off 4, 000 off their help debt. It's just, it's their standard repayment, according to the government, whereas last year when indexing was applied, it was applied at 7. 1%. So the person's help debt went from a hundred thousand up to 107, 000 and then 4 percent was knocked back off. So four grand repayment.

Jason · 10:50So this person's now got a help set of 103, 000 and have not made any additional grounds towards knocking off their help debt. Now that's, that's obviously an extreme scenario,

Jason · 11:00but you see it across the board because even if you bring it back to somebody who's earning. 80, 000 with a 50, 000 help debt. The same numbers kind of apply that you're making a much smaller percentage repayment of your help debt and then indexing is being applied.

Jason · 11:15Now the budget back in May came out and said, Oh look, indexing at CPI, isn't going to be the way it's going to work moving forward. We'll take the lower of wage growth and CPI. So they're going to go back this year and, uh, it's going to be around 4%. Now, again, if we apply the same scenario as that a hundred thousand dollar earner who pays 4 percent off their help debt, but on the 1st of June, every year, it gets indexed up by 4%, we're kind of going nowhere.

Jason · 11:42So these everyday Australians are going to end up. Carrying this help debt ongoing for years and years and years to come, which obviously affects your borrowing capacity to buy a home and it affects your retirement income one day, too. Because if you carry that help debt all the way through to retirement, which I haven't seen too many of those cases at the

Jason · 12:00moment.

Jason · 12:00But that's because help debt has come in and HECS debt has come in at an age where the people who copped those loans, which they thought were going to help their future, and maybe some it did, and maybe some it hasn't, but they're going to cop this income all the way through their lives and continue to have to pay that back.

Jason · 12:15Um, so the big thing here I'm saying is. If you looking at these stage three tax cuts and you potentially have an extra, you know, average 36 a week, but you might be someone who's got 50 or 60 a week more. What I'm saying for you, if you have a help debt is you should focus on getting that money into a separate high interest savings account.

Jason · 12:34And before the 1st of June, 2025, you're going to take that whack of money. And you're going to put that against your help debt to help you get ahead. That's step one.

Marty · 12:44Is there anything stopping, if someone, you know, Obviously you can pay out that help debt at any time. If you've got enough equity, there's no sort of.

Marty · 12:53Uh, ramifications of doing that whenever a client wants to do that, Chase, from your understanding.

Jason · 12:59Yeah. No,

Jason · 13:00you can pay off your help debt at any point in time, as long as you can, um, grab, grab the cash. And I guess, look, if you, if you map the numbers with your advisory team, broking team to go, well, look, if I've got, Only 10 or 20 grand left on my help debt and it's going to go up between 4, 5, 6 percent every year with indexation.

Jason · 13:18Am I better off knocking that out in advance and then paying it down in a different way? Because

Marty · 13:23that, that methodology is financial suicide. If you're, if you're only paying us that small portion back each year and your debt is compounding, that's exactly the total 360 to what I was talking about, about what you can compound that interest with.

Marty · 13:40And like I said, even, even if they're, yeah, a client does get to a point where they have equity and they can pay that help debt out. And here's an example on the mortgage, 36 per week on your mortgage at 600 grand a year. Okay. equates to an 80, 000 saving over the term of the loan.

Marty · 14:00So you can see like, look at the reverse of what I said before, when you're investing it to when you're deleveraging debt, that is really significant.

Marty · 14:08So for help debt to be actually going backwards with your repayment, it's no different to saying, Here's the minimum repayment on a credit card and you're, you're outstanding is going up all the time. That is ridiculous.

Jason · 14:23The other quick one I'll throw in there is the credit card. I mean, if you've got the credit card and you, you're not paying back the amount you need per month, or you're not knocking off the balance completely, and you're copying 20 percent interest on a credit card, these extra repayments, if your credit card statement comes out and says the minimum you need to pay is 200 for the month.

Jason · 14:42There is absolutely no way you should be making the minimum repayment heading into next year when you've got these stage three tax cuts, putting some extra money in your pocket. And I know there's cost of living pressures and everything else. But at the moment, if you've, if you've been getting by the last couple of months, making just the minimum repayment on your credit card, and you're

Jason · 15:00now going to have an extra 30, 40, 50 a week in your pocket that needs to go on the credit card.

Jason · 15:05You, you got to divert it so that, so the, where it's going to have the most and biggest impacts and that outside of help debt, outside of paying off the mortgage. If you've got one, it needs to be looking after your high interest debt, being a credit card as well. A

Marty · 15:18hundred percent. The highest interest debt needs to go.

Marty · 15:21If you haven't got a home, um, definitely get rid of the credit cards ASAP, um, and work your way down. If you've got a mortgage and you've got equity, consolidate it. And come up with an accelerated repayment based on the same amount of repayments that you would be, um, spending now or, or up for now. And you will accelerate that debt to come down, uh, more than you'd ever imagined.

Marty · 15:45So, yeah.

Jason · 15:45And I got, I got a bit of an example of where, around how superannuation as an additional tax deduction will work now to make sure. You don't touch this money. If you can't trust yourself, if you know, there's extra money per week, you can contact your employer and

Jason · 16:00say, you know what, I'm going to actually do a salary sacrifice into super.

Jason · 16:04And you could elect to have that extra 30 or 40 per week, direct debited out of your pay or taken from your pay and automatically paid to super, which would increase your retirement funds. So I would argue I'm not a financial advisor. So this is general from my point of view, but if you're towards the tail end of your career.

Jason · 16:21You know, forties, fifties, heading into sixties, that would be just an easy one to set up to boost your retirement savings and get that extra cash in there.

Nick · 16:28Yeah. I'll, I'll. Not challenge that but I would go a step further and say the younger people because if we go to Marty's example where He was talking about a saving and I assume you're talking over 30 years Marty.

Nick · 16:41So that was 10 years That was actually 10 years. Wow, if you've got your calculator mate

Marty · 16:48Let's look at that at 30. Well, let's say someone in

Nick · 16:50their early 30s who's not going to touch their super to their early 60s. Um, what does that return? And then the other thing that you've

Nick · 17:00got, depending on tax rates, is if they do it as a salary sacrifice, they'll also save, Tax.

Jason · 17:06Mm-Hmm. . So that was example there for you. And look, I'm, I'm going to the top end. A, a higher end of the scale here. You're on. Do you wanna know what it

Marty · 17:14is? Do you wanna know what it is? Over 30 years. Tell us. I love numbers. You know. So, 30 years it is that $36 a week is 212,000. 4 28 at what? That's 36. At what return?

Marty · 17:27At 8% Poor. I mean, that's, that's incredible when you look at it like that. And like Nick said, you know, if you're getting slug 30 cents in the dollar on tax, and all of a sudden you're getting 15 percent of that back because you're, uh, you're putting it into super, you've not only compounded that benefit, but, uh, you could tip in that little tax benefit back in.

Marty · 17:50Just, just one

Nick · 17:51thing, just so, just in case someone really challenges on this, but you will get a 15 percent tax benefit. Tax on the contribution

Jason · 18:00in super, in super.

Nick · 18:02Okay. So, but I would suggest Jayce, you're probably the better person to answer this, but most people are paying more than 15 percent in tax. Oh yeah.

Nick · 18:09Yeah.

Jason · 18:11Average rate of tax. Yeah. Definitely closer to 30 cents to the dollar across the board. Um, and look, and that's what these stage three tax cuts have been about is trying to bring down everybody's average rate of tax. And that's now why we're seeing, you know, up to, you know, even somebody earning 250, 000 a year will have an extra 3, 295 in their pocket.

Jason · 18:33So that's what these stage three tax cuts are doing is going less income tax for the individuals. It means people keep more of their hard earned money. The example I was going to use for the person who's on that higher end, 190, 000, they're getting 2, 661 more in their pocket per year. If they elected to put that into a super at the end of the year and claim a tax deduction for that.

Jason · 18:55They'd get another thousand dollars back from the ATO or like almost a thousand dollars back from the ATO

Jason · 19:00on their refund when they do their tax return. So there's some serious benefits to go rather than letting these stage three tax cuts just get kind of grouped into all your normal income and it just becomes money in the bank account and it sits there doing nothing or you're not conscious about the decision making around how to use this money.

Jason · 19:18So far we've covered that if you have a help debt you should divert some additional help debt repayments. If you have a credit card debt. Check it on your credit card. If you haven't been topping up your super or if you've got an ambition to grow your retirement wealth and add some money to super, there's an option there.

Jason · 19:33And then also if you just prefer to get a bigger refund from the ATO at the end of the year, that's also where this extra money can go into super to help you boost your refund at tax time. So I think we've covered all those so far that aside, I mean, outside of that, all the other debt reduction strategies, we've got loans or anything else that's higher interest that you need to pay down.

Jason · 19:53But one of the other fun ones, I mean, we talked about this 36 a week being invested and having returns would be to

Jason · 20:00look at starting an ETF or a managed fund. Obviously, yeah, 36 a week, isn't probably potentially the ideal amount. You might have a A starting contribution where you might have saved five grand and you might start your managed fund with 5, 000 and then set up an automatically weekly transfer for whatever that is.

Jason · 20:18Your tax cut is, so it's 50 bucks a week. All of a sudden you've started the managed fund that you've always dreamt about having. You're going to have a share portfolio. Again, if you don't work with an advisor, I'd stress that you can seek some financial advice and talk to someone, but there are platforms out there that allow you to start this off.

Jason · 20:37Obviously with guys like Nick and Marty in the room, this is why I stress to speak to an advisor first, because you might just end up in a better portfolio than if you try and pick one yourself. And also it gets rid of, um, decision paralysis where people sit back and go, shit, okay, I'll listen to the numbers game.

Jason · 20:53I am going to have an extra 50 bucks a week in my pocket. I've always dreamt of the managed fund for my child's education, you know, 15,

Jason · 21:0020 years from now. And Marty said that if I screw it away for X amount of years, It's going to be worth 30, 40, 000. Well, what do I do? So if you can't make the decision yourself, this is where you lean on professionals like the team at innovate, um, who obviously help a lot of future advisories, clients, um, and a lot of other Australians out there, but starting that managed fund.

Jason · 21:21It's something you won't look back. You won't look back and go, should I made the wrong choice? Cause you're going to have a guaranteed savings platform that has the right compound earnings, dividend reinvestments, and dividends paying into it to grow your wealth.

Marty · 21:34Yeah. Nick, Nick has said it many a times like.

Marty · 21:37You know, you got to know your goals and there's a term where people say, you know, pay yourself first, but I like to add a word, pay your future self first. And so often people don't think about how are they setting themselves up in 10, 15 years and what's the strategy behind it. But I love that pay your future self first.

Marty · 21:56And you're making a conscious effort to support your family in 10 years

Marty · 22:00time, 15 years time and have your money work for you. Uh, so ultimately you don't have to work for money and I think that's, um, you know, using professional advice to get to these, these points are paramount because you can see how, you know, small habits can significantly change the need or if you've got the awareness of what to do with those small habits.

Marty · 22:22Um, so yeah. to get advice around it.

Nick · 22:25I do like what you said about decision paralysis because the amount of people, um, I always refer back to the Barefoot Investor book, fantastic book, and it's got some great, um, some bright, great baseline learnings on, you know, how to put money away for your future and how to just be better financially.

Nick · 22:44But the amount of people that come into our office who have read that book. But haven't taken action, um, either because it's too complicated or, you know, I know I have to do it, but I don't know how, or I just didn't get around to it. So I think the key

Nick · 23:00difference with having a financial planner is number one, the decisions are made for you.

Nick · 23:04And number two, the implementation is done. And then number three, we can show you long term benefits and what to do. Challenge, or what, what the initiatives you're doing will actually mean for yourself 20, 30 years in the future. And that's probably where we get the most buy in. When people see that and then they start to check in on an annual basis or buy annual depending on the client and they see the gains that are being made and they see the, the the debt they're putting in their debt or, you know, the money that they're creating for their future retirement, that's when you get buying and then people start to ramp it up.

Nick · 23:40So, decision paralysis is definitely a thing, um, and that's why most people start too late. You know, they start in their late 40s or early 50s when they start to think about this stuff instead of doing it. And I

Marty · 23:50think the other thing, Jase, too, that I pick up on is that, you know, a lot of people think they have to make a lot of money to make money.

Marty · 23:57And again, it, it sort of squashes that

Marty · 24:00it's just great behaviors, uh, consistently done over time can really put you in a fantastic position. Um, like I said, when I think about that, I think about my son, 20 a week. Yeah, do your chores, invest wisely, you know, it's like, it, it doesn't have to be a lot. And like I said, a lot of people out there will get these tax benefits and just blow it away.

Marty · 24:22And just, that'll be the end of it. And there'll be the same circumstances, or they can make a decision to say, no, not this time, I'm going to set this up for the future and do it now, because really they haven't had any extra money to this point. So it's like, they'll be in a new habit, great time to do it.

Marty · 24:39If they can afford to do it, of course, you know, some people really need that money anyway.

Jason · 24:43100%. And look, I don't want to be the complete fund police. A lot of that stuff there has been talking about paying down debts and putting money in super, um, starting an ETF or a managed fund. The other side of it is even if you go to something really simple, like create a new savings account, high interest saver, start to move that money across

Jason · 25:00there and build yourself up a bit of a buffer You might not have been able to attain last year or two with everything that's going on.

Jason · 25:06But if you're going to have some more money in your pocket, uh, when your payday comes through, because look this time of year as well, a lot of employers do their annual salary increase. So that not only are you going to have the annual salary increase, but also your tax cuts. Have a look at that. It might be reintroducing some small luxuries to treat yourself.

Jason · 25:23Um, uh, We, as part of putting that money into a high interest saver, you might then set some long term goals like planning that future holiday that hasn't been attainable over the last couple of years, because there has been stresses with the, with the mortgage or with credit card debt. So beyond all of the, you know, help debts and everything else, maybe it is.

Jason · 25:42Putting aside money for that future holiday or some small luxuries back into your life, like, you know, a monthly dinner with your partner where you can celebrate the small wins. So yeah, that's it. With that in mind, guys, I hope you have enjoyed a bit of a run through of how to make the Stage 3 tax cuts work for you.

Jason · 25:59Um, if you have

Jason · 26:00got any friends or family that you know are struggling, you know, with some credit card debt or they're talking about their help debt being out of control, make sure you share this episode with them. We'd love to share the knowledge and the wisdom. And also if you do want to have that, uh, financial advisor chat, this is your opportunity to touch base with Innovate, get on their website and fill out one of the contact forms, I N O V A Y T.

Jason · 26:20com. au. Um, I know that all of our clients at Future Advisory that work with, um, Nick, Marty, Luke, and the team there, they're making these financial decisions, feeling empowered because they've got multiple decision makers that they can bounce ideas off. Um, so you know, you know, you don't have to do it alone, and that definitely helps when you've got a team working around you.

Marty · 26:41Start now. Some people say it's never too late but sometimes it is too late. So start now, draw a line in the sand and make your money work for you. Game over.

Jason · 26:51This podcast is for educational and informational purposes only. The conversations are of a general nature and do not qualify as financial or tax advice.

Jason · 26:59We

Jason · 27:00recommend before you make any financial decisions, you consult a licensed professional. Individuals on the podcast may hold positions in the companies discussed. ---