Creating successful financial futures for Australia’s hardest workers
For ‘Fly In Fly Out’ workers who want their hard-earned money to grow long term wealth
FIFO Workers Wealth Building Strategies Specialist
Here at NIA, we know FIFO people are busy and find it hard to make the time for investing in a better future. Investing wisely in property and choosing the best tax strategy is what NIA does for you. NIA is there with you for your entire journey until you reach your goals. MATT BOWER - Founding Director, National Investment Advisory
I’d always known I should be a lot smarter with all the money I’ve been earning, especially seeing half of my yearly salary and bonus go to the tax office, but working the FIFO life leaves me little time and energy to focus on finances. Then I was introduced to NIA… Matt and his team are FIFO gurus.
JAMES HEARN QUEENSLAND MINING WORKER
INTRODUCTION
HOW NIA HELPS FIFO PROFESSIONALS BUILD PROPERTY WEALTH... IN FAST & SIMPLE STEPS.
Where are you now?
Wherever you work in the FIFO landscape - miner, truck driver, engineer, equipment operator, project manager, administration manager or office worker – the very nature of your job means that achieving your true potential in terms of building wealth is tricky. The simple reality is that you just don’t have the time, energy or head space to give your money management the focus it needs to grow at the fastest rate.
Managing and growing your property portfolio. Fixing financial inefficiencies. Reducing your debt. Minimising the tax you pay. Getting all these things right takes time that you don’t have.
So at NIA, it’s our mission to have your back when it comes to building wealth. Guiding and empowering you to set clear financial goals, ensuring you achieve them with proven, effective strategies that are tailored to work perfectly within your professional FIFO circumstances.
Put simply, you are not alone on your journey to financial freedom.
And we’re here to make sure you get there.
Where do you want to be?
More than 500 professionals helped & counting S
At NIA, we’ve spent years building a brilliant team of highly skilled property wealth strategists and financial partners who specialise in building wealth for FIFO professionals.
So whatever your ideal financial future looks like, whatever shape you want your lifestyle to take, we know all you need to know about setting the goals required get there - unrivalled industry expertise which means you can attain solid, long term wealth effortlessly in the background while you focus on your work.
How we help you
Smarter debt & finance strategies
With debt reduction, advanced property finance & mortgage solutions
Optimising your superannuation returns
With intelligent asset management and SMSF property expertise
Increasing your net income
With proactive accounting & maximised tax savings
Growing your property portfolio
With best practice advanced research & acquisitions, portfolio planning
Controlling
your finances
With smart money & budget management techniques
Diversified Property Planning
With tailored strategies to build a $2m+ investment portfolio.
ABOUT NIA
Meet the people who’ve done all the hard work for you
BUILD YOUR PROPERTY & INVESTMENT WEALTH, FAST.
When you engage NIA to help build your wealth, you’ll be working with a team of dedicated Property & Wealth Strategists who specialise in assisting beginner and established investors, on a mission to boost your capital growth and cash flow – quickly.
Getting to know you, how you work and how you want to live is the first step to ensuring your financial success, because we know building wealth needs the foundation of a lasting relationship. Knowing you enables us to support you, educating you throughout your entire property and financial journey.
Put simply, together we’re better… with the know-how to ensure you achieve financial goals and open the door to the life you really want.
Meet our
founder, Matt Bower,
who’s committed to helping everyday Australians secure a financial future they deserve with integrity, expertise
& strategy
MATT BOWER
Matt purchased his first property for $86,000 in his early 20s, at an interest rate of 17%.
This was the instigator for Matt’s life-long love of property investment and finance. He has built a multi-million-dollar property portfolio using strategies such as off the plan, renovation, buy and hold, house and land packages, vacant land and small developments across Victoria, New South Wales and Queensland.
Matt has previously held executive roles within property investment advice, mortgage finance and business lending, national property research and acquisitions, senior personal lending banking and business development with one of the major banks, and an executive role with an ASX-listed property development company.
This experience taught Matt how the wealthy utilise investment and financial strategies to leverage assets, cash flow and capital growth to significantly increase their returns.
Having overseen thousands of property transactions with a value of more than $1 billion, Matt wants to share with you a formula for success and teach you the mindset needed to help you achieve financial freedom.
Matt is a qualified Mortgage Broker, Property Investment Advisor and fully licensed Real Estate Buyers Agent in Victoria, NSW & Queensland.
Real Estate and Buyers Agent
Licences – VIC #082572L, NSW #20228833, QLD #4289734
AS A FIFO PROFESSIONAL, YOU’RE SMART, BUT YOU’RE BUSY. THERE ARE THINGS YOU JUST DON’T HAVE TIME TO FOCUS ON.
Building wealth for an early, well-funded retirement
Getting back into the black by eliminating your debt
Maximise tax deductions to increase your income
Afford your ideal lifestyle
Comfortably affording quality education for your children
Creating lucrative multiple income streams
ASK NIA TO HELP MANAGE YOUR MONEY. GET FIFO SPECIALISTS IN YOUR FIELD BY YOUR SIDE.
Financial goal analysis
Property wealth planning
Smart tax optimisation
Wealth strategy creation
Better retirement strategy
Build your super funds
Best available mortgages
Multiple property strategies
WHY TAX ADVANTAGES ARE YOUR FRIEND
HOW SMART FIFO WORKERS USE PROPERTY INVESTMENT TO MINIMISE TAX.
Through strategic property investment, you can discover just how significantly it can reduce your tax liabilities, especially with an informed focus utilising depreciation to your (big) benefit. Depreciation is one of the most powerful tools in a FIFO property investor’s tool kit for simultaneously safeguarding optimised wealth creation and minimising tax obligations.
Depreciation, which is essentially the reduction in value of a property over time, plays a pivotal role in the wealth creation you’ll achieve with NIA by your side. By strategically claiming depreciation deductions for the building structure and its fixtures and fittings, as your property matures you can legally offset a significant portion of your taxable income based on its estimated depreciation.
DEPRECIATION & THE
‘GREAT
PROPERTY
DEBATE’:
OLD VS. NEW (TIP: There’s a clear winner!)
Investors of second-hand properties will be disadvantaged compared to investors of new properties following the 2017-18 Federal Budget announcement proposing tighter restrictions on depreciation claims relating to plant and equipment deductions.
According to tax depreciation specialists, BMT, under the changes, investors who exchange contracts on a secondhand residential property after 7:30pm on 9th May 2017 are no longer able to claim depreciation on plant and equipment assets installed at the time of settlement.
Investors who purchase a new property will be able to continue to claim these items as they were previously.
“Investors are able to depreciate the plant and equipment assets within a brand-new property as they have been previously which is a clear advantage over second-hand property,” said BMT Tax Depreciation Chief Executive Officer, Bradley Beer.
Plant and equipment assets are the easily removable or mechanical assets found within an investment property, such as air conditioners, hot water systems, smoke alarms, garbage bins, blinds and curtains.
“This is extremely positive news for all property investors of brand-new dwellings with a buy and hold strategy, and represents a key benefit for buying new property over old,” said National Apartments Manager, William Mitchell.
As the example from BMT demonstrates, the difference between the depreciation claimable for second-hand versus new properties is substantial; representing potentially thousands of dollars worth of depreciation entitlements each year.
Depreciation scenario – purchasing before and after 9th May 2017
Source: BMT Tax Depreciation
PROPERTY PURCHASE PRICE $650,000
The depreciation deductions in this example have been calculated using the diminishing value method. According to BMT, investors are still eligible to claim capital works deductions on the structure of the building on properties that commenced after 16th September 1987.
It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep your wealth for.
Robert Kiyosaki AUTHOR RICH DAD POOR DAD
BUILDING WEALTH: WHY THE SYSTEM IS AGAINST YOU
FIFO PROFESSIONALS ARE AMONG THE HARDEST WORKING AUSTRALIANS, BUT THE MONEY SYSTEM IS NOT YOUR FRIEND.
As a FIFO worker, you are among the hardest working individuals in Australia, but that doesn’t leave you enough time to research, analyse and identify strategies around your finances, as you plan for a fulfilling life and a healthy retirement. And what’s more, when it comes to building your wealth, Australia is not always the land of the ‘fair go’.
High income earners in FIFO professions can be lulled into a false sense of security that their income builds wealth and that the harder they work, the more money they make. This is the wrong mindset.
You pay too much tax each year. Did you know that if your taxable income is averaging around $180,000+ per year, you pay more than $65,000 in tax every year?
If you’re earning around $300,000 you can expect to pay over $100,000 in tax each year (And that’s before the ATO also takes 50% of your bonuses, every single year!)
If you don’t secure an income increase, deductions or other savings, then over the next 10 years you’ll pay between $650,000 to $1m in tax. What’s your return on that taxed money? ZERO.
The system is not on your side and doesn’t want you to be financially independent. The longer you’re in a job, the more tax they can squeeze out of you.
No matter how talented or knowledgeable you are, your career earnings are solely dependent on you. That means working longer and harder, instead of making your money do the work
The truth is, building wealth with property is nothing more than a game the rich know how to play. We want to show you how to play it too.
THE RIGHT WAY TO INVEST IN YOUR SUPERANNUATION FUND
HOW FIFO PROFESSIONALS BUILD PROPERTY WEALTH
If you have a Self-Managed Superannuation Fund (SMSF), it can be a valuable tool for FIFO workers when it comes to property investment strategy, but there are important considerations to keep in mind.
Obtaining specific investment advice for your Self-Managed Super Fund you need to consult a licensed financial expert for personalised guidance. We can outline some key advantages and disadvantages to help you make an informed decision before discussing it further with your accountant, financial planner and SMSF expert.
Why do property with your super?
Property investments have a track record of being a reliable wealth-building vehicle, and utilizing your SMSF can enable you to acquire additional properties.
There are also attractive tax benefits associated with property investments through your SMSF. You’ll generally only pay 15% tax on profits, significantly less than personal property ownership. If you hold the property for over 12 months before selling, your capital gains tax rate drops to just 10% .
Additionally, recent changes allow you to borrow money for residential property investments within your SMSF. Unlike the previous requirement of having $600,000 or more in cash to buy a $600,000 property, you can now typically borrow up to 75% of the purchase price.
This means you’ll need only 25% plus associated costs, such as legal fees, setup costs and stamp duty. For example, purchasing a $600,000 property would require around $150,000 plus not much more than $35,000 in additional expenses, totalling $185,000. This opens up incredible new opportunities for property investment within your SMSF, especially with your FIFO superannuation contributions and earnings in the mix.
Taking control of my superannuation through property investment has given me the financial freedom I’ve always dreamed of.
SARAH JOHNSON FIFO WORKER
YOUR LEAP ROADMAP TO FINANCIAL SUCCESS
WE’VE HELPED MORE THAN 500 PEOPLE JUST LIKE YOU LIVE LIFE BY BREAKING DOWN BARRIERS TO A STRONG FINANCIAL FUTURE.
Wherever you are in your investing journey, from first-time property buyers to those planning retirement, our LEAP Roadmap is proven to ensure you live a financially secure, truly abundant life.
Here’s how it works, in 6 simple steps.
STEP 1: EMBRACE YOUR LEVERAGE
In essence, leverage means achieving more with less. In financial terms, leverage means borrowing money to invest in assets that produce a return.
Realistically, most people borrow money and spend it on items that don’t provide any return on investment, and that results in bad debt. And too much debt is a heavy burden.
If you have an ever-increasing debt burden, it is impossible to get ahead and leverage your assets to produce growth and a recurring passive cash flow.
When you engage NIA, our priority is to teach you how to pay yourself first. This means your money will have a purpose. Because when cash doesn’t have a purpose, it disappears quicker than it’s made.
We want to help you to escape this curse!
That’s why we’ll help you restructure your finances. We can find you a better deal for your home loan and consolidate all your bad debts (like credit cards, personal loans and car financing).
This will relieve your financial stress and reduce your cash flow inefficiencies, which are a big drain on your household income.
STEP 2: USE YOUR EQUITY
Equity is the total value of your assets, minus the debt you owe on them.
For example, let’s say you purchased a property for $700,000 with a loan and you’ve paid off $100,000. What you’ve paid back is your equity. The more you pay back, the more equity you have in your asset (in this example, your property).
Having under-utilised equity in your home or other property assets is a lost opportunity and will limit your ability to invest in future properties and build real wealth.
Your equity wealth may be sitting in your home, but it’s not producing income. We’ll show you how you can change that by investing your equity safely and securely, so that you can utilise it to produce great investment returns.
STEP 3: INCREASE YOUR EARNINGS
Earnings is your total income after you have paid tax, so the key to building wealth is maximising your cash flow as a priority.
We can help you to achieve this. Could you get a higher income from your day job, start a side line or online business, or create additional streams of income? If you have any such ideas or dreams, we can help make them happen.
The fact is, if you can make more money or create additional income opportunities, you’ll be able to leverage even more, building wealth faster.
STEP 4: MANAGE YOUR EMOTIONS
How many times have you been told to remove the emotion when buying or selling a property?
Well, it may be a cliché, but it’s good advice. Unchecked emotions, like getting too attached to an investment property, can prevent you from creating wealth and benefitting from our LEAP Roadmap.
That’s why we’ll provide you with the education and practical advice you need to clarify your purpose and solidify the pathway forward, allowing you to realise your financial goals, now and into the future.
We call this ‘switching to an investor mindset’. Once you do, you’ll be able to make smart, informed decisions about your finances, supported by a strategy that is free of the emotional pull from being in love with your investment property.
At NIA, we’re proven experts in helping you find the wealth building mindset.
STEP 5: TAKE ACCOUNTING SERIOUSLY
For most people, their accounting ability extends to filing a simple tax return, but you need to go further by maximising your tax deductions. This is a vital part of your investment journey.
While it’s reasonable to pay a certain amount of tax, for years governments have been trading off our inability to fully understand our tax requirements, which means many of us are paying far too much.
Through the effective use of proven tax strategies, we’ll empower you to take advantage of legitimate tax incentives in the system, so that you can avoid paying more than you need to. The truth is, tax is a game and the wealthy know how to play it really well - we want you to be just as good at it!
The more you invest, the less tax you will pay, and less tax equals more cash flow… which will enable you to drive down your debt and invest more seriously in your portfolio.
STEP 6: PORTFOLIO PLAN
A portfolio plan is a wide-ranging strategy that informs your long-term decisions on investing.
Planning your portfolio involves adhering to your investment goals and mitigates potential risks. We’ll work with you to ensure your portfolio plan meets your needs, is easy to follow, and will help you achieve financial freedom.
Ultimately, a portfolio plan is more than just a list of transactions. It’s a system that can be repeated every time you want to invest.
The NIA LEAP Roadmap has been proven to help FIFO professionals just like you overcome the greatest obstacle they face in building generational wealth: procrastination. Instead we’ll keep you moving in the right direction with a structured system across every part of your investment plan - ensuring you’ll transform income into capital and then capital into profits for future generations of your family.
THE ‘TOP 5’ MISTAKES FIFO PEOPLE MAKE
Choose NIA to help manage your money & you’ll successfully avoid these common pitfalls…
Many new clients of NIA are first time investors needing a trusted advisor with a simple and safe system to fast-track their wealth growth through a property portfolio. We often help people who have invested before, however they lost money to spruikers or by single-transaction motivated property marketers.
These are life-altering mistakes which cause a lot of pain and financial loss, not to mention loss of the valuable time needed to build wealth and retire early. Successful property investing doesn’t require an advanced degree or secret know-how, but it does mean having a plan, a proven system and the right team by your side.
By choosing NIA to help design your plan and fully manage the journey as your partner, you’ll successfully avoid these common pitfalls on your way to achieving the success you seek.
1. DON’T DEPEND ON A SINGLE INCOME!
Relying on a single source of income, even a really good one, simply means exchanging more hours to get more dollars. So you’re working for your money instead of your money working for you.
2. HARDER WORK DOES NOT GUARANTEE GREATER REWARDS!
FIFO professionals work harder and longer than most, with a physical and mental toll that cannot be understated. To enjoy the life you deserve with more “you time”, you need another income stream.
3. INVESTING IN A SINGLE PROPERTY IS NOT ENOUGH!
70% of Australian property investors do it once and never again, missing out on the “big” financial prize. Real wealth is achieved by investing in a repeat system that builds into a lucrative portfolio of assets.
4. STOP PAYING TOO MUCH TAX!
Australia’s tax rate is one of the highest in the world, which means most FIFO professionals pay way too much tax. It’s not your fault, you’re just too busy – that’s why NIA is here for you.
5. DON’T BE BOSSED BY ‘THE SYSTEM’!
You pay your mortgage from your after-tax dollars, right? Wrong! Throw this ridiculous notion aside and use NIA to help you intelligently leverage debt so that someone else pays it.
CASE STUDIES
FIFO Professionals Building Wealth With Property
CASE STUDY #1 SALARY $200,000
Name: Mark Thompson
Age: 38
Occupation: Senior Engineer, Mining & Resources
Annual Income: $200,000
Status: Married with two children
Life goals: Mark aims to build a diverse investment portfolio to secure long-term financial stability and create wealth for his family. He is interested in property investment as a means to generate passive income and achieve capital growth. Mark values his time and seeks efficient solutions that align with his highincome lifestyle.
What’s stopping Mark achieving his goals?
Lack of Time: Mark’s demanding job in the mining and resources sector leaves him with limited free time. He struggles to find the time and resources to research and navigate the complexities of property investment.
Taxation Challenges: Mark wants to minimize his tax liability and take advantage of tax benefits associated with property investment. However, he is uncertain about the intricacies of tax laws and how to optimize his tax position.
Limited Knowledge and Expertise: Despite his high income, Mark lacks the necessary knowledge and experience in property investment. He is unsure about which professionals to consult and feels overwhelmed by the amount of information available.
Difficulty in Identifying Reliable Resources: Mark is cautious about seeking advice and guidance from individuals or companies without a proven track record or specialized knowledge of the mining and resources sector. He wants to work with professionals who understand his specific needs and goals.
How NIA helped change Mark’s life
Building a property portfolio the right way has been a safe step by step journey to reaching my financial goals. Thanks to Matt and the team at NIA I have set up my kids futures. Having NIA do it all for me has been a game changer. We are now on track to pay off our home in less than 10 years, reduced our tax by half and about to secure our third investment property in 3 years.
CASE STUDIES FIFO Professionals Building Wealth With Property
CASE STUDY #2 SALARY $300,000
Name: Emma Anderson
Age: 35
Occupation: Civil Engineer, Mining & Resources
Annual Income: $300,000
Status: Single
Introduction: Emma Anderson, a 35-year-old Australian, embarked on a career as a FIFO (Fly-In-Fly-Out) worker in the mining industry five years ago. In this case study, we’ll explore Emma’s journey, her financial achievements, and how she effectively managed her income of $300,000.
Background: Emma began her FIFO career as a Civil Engineer in Western Australia’s iron ore mines. She was attracted to the industry due to its promising financial prospects and the opportunity to build a secure future for herself and her family.
Financial Scenario
Year 1 - Adjusting to FIFO Life (Annual Income: $300,000): In her first year, Emma earned an annual income of $300,000. She was diligent in budgeting and saving, focusing on building a strong financial foundation. Her key financial achievements during this period included:
• Paying off existing debts: Emma used a portion of her income to clear outstanding debts, which included credit card balances and a personal loan, totalling $40,000.
• Establishing an emergency fund: She created an emergency fund with roughly three months’ worth of living expenses, amounting to $19,000.
• Contributing to superannuation: Emma made regular extra contributions.
Year 3 - Investment in Property (Annual Income: $300,000): In the third year of her FIFO career, Emma decided to invest in new property. She purchased a newly built four-bedroom house using her cash savings and bonuses. Key financial developments during this period included:
• Property investment: Emma invested $100,000 as a deposit and cost contribution for a new property, which cost $650,000. The rental income from the property contributed $32,760 annually to her overall cash flow.
• Savings growth: Emma’s disciplined saving habits by using the LEAP Roadmap allowed her to further grow her emergency fund, which now stood at $30,000.
Year 5 - Continued Success (Annual Income: $300,000):
By her fifth year as a FIFO worker, Emma’s financial situation had improved significantly. Key financial highlights included:
• Investment diversification: Emma expanded her investment portfolio by a further two investment properties with a balance of capital growth and high rental yields.
• Retirement planning: Emma continued to make voluntary superannuation contributions, securing her retirement with a projected balance of over $1m using diversified shares and property inside a SMSF.
Conclusion: Emma Anderson’s journey as a FIFO worker showcases the financial achievements and stability that can be attained through prudent financial management. With an annual income of $300,000, she successfully eliminated debt, reduced her tax bill by 40% and invested in a diversified property portfolio, all while ensuring a secure retirement. Emma’s story serves as an inspiring example of how strategic property planning can lead to a prosperous future in the world of FIFO work in Australia.
MEET SOME FIFO PROFESSIONALS
WE’VE HELPED
Don’t take our word for it, see what people we’ve helped say about NIA.
Thank you Matt, you were so patient, helpful with ideas and advice for our situation. We truly appreciate your professionalism.
James & Vanessa
Very happy with the NIA strategy and the team. The client’s success is their top priority. They made it simple and safe to invest.
Tony & Geraldine
I have been dealing with NIA for a few years now and are confident they are acting in our best interest with their advice and investment strategies.
Adrian
NIA is everything you need in a property mentor we have been so pleased and impressed with Matt and NIA. Making a Dual Purchase strategy was the best decision we ever made. Highly recommend NIA for anyone looking for Property and Finance experts.
Danny & Lisa
Superstars all around!
Have had an amazing experience with NIA! Ben has been an absolute superstar throughout this process. He has guided us through what was an unknown, scary investing journey and made it an absolute breeze that we now have such a great understanding of. This is the first of many more property purchases made with NIA by our side.
David & Melissa
Read more at mynia.com.au
!!! BREAKING NEWS: 8 REASONS FOR FIFO WORKERS TO ACT NOW !!!
THE WORLD HAS CHANGED. SEE WHY PROPERTY IS STILL YOUR BEST BET FOR SUCCESS.
The world we live in is more uncertain than ever, but research confirms that property is still by far the most reliable, successful way to build wealth.
The BIGGEST property opportunity is happening now.
What’s more, there’s 8 compelling reasons to get started right now.
The property market is bouncing back due to low supply & record immigration
Capital growth is king & will always be better than job income
The property market is safe with proven consistent returns
Tax benefits are incredible putting more cash flow in your pocket
Leverages other people’s money like the bank, the ATO & your tenants
Game-changing freedom thanks to recurring passive income for life
Unrelenting property demand as population & infrastructure grows fast
Delivers solid long-term wealth without having to work so hard
WHEN YOU’RE READY TO START BUILDING YOUR WEALTH
IF YOU’RE READY TO PROTECT YOUR FUTURE & START LIVING LIFE, HERE’S WHAT TO DO NEXT.
Don’t leave your future to chance, like so many other FIFO professionals who don’t realise their mistakes until it’s too late.
We have the roadmap to build your wealth, reduce your debt, invest in property and enable you to retire early.
If you’re ready to secure your financial future, we’re ready to help. NIA is just a phone call away.
T 1300 565 888
E contact@mynia com au W mynia . com . au
For years I spent my hard-earned salary on the finer things in life, cars, boats, 5-star travel, designer clothes, you name it. And I still enjoy those things, the difference since I engaged NIA to help me invest in property is that now now it’s my passive income paying for the lifestylewhich makes it all extra special.
CONNOR LEWIS ELECTRICIAN FIFO WORKER
