This video explains the basics of money and then provides 9 actionable steps to manage your personal finances!
It covers pay slips, income tax, superannuation, earning income, reducing expenses, investing in assets and the dangers of liabilities.
It's targeted towards young people new to the workplace, or adults who may need support with financial literacy.
Resources:
Completing your tax return: www.ato.gov.au/individuals-an...
Superannuation: www.ato.gov.au/individuals-an...
Claiming the tax-free threshold: www.ato.gov.au/forms-and-inst...
Statement by supplier for not having an ABN (charging for a hobby or recreational pursuit) www.ato.gov.au/forms-and-inst...
Support for debt consolidation and financial hardship: www.financialcounsellingaustr...
Many of my knowledge comes from the Barefoot Investor - Scott Pape makes money easy to understand! www.barefootinvestor.com
If you found this video of value, a small donation is appreciated if you are in the position to do so. Either through a 'RU-vid Super Thanks' or a paypal donation: www.paypal.com/paypalme/PianoPP
Otherwise please consider free ways to support through a like, share and/or comment. Please consider subscribing for future contemporary piano lessons :) Thanks for supporting the channel!
00:00 About this video
00:56 Income, Expenses, Assets and Liabilities
01:46 Pay Slips
02:28 Income Tax
04:27 Superannuation
04:53 Assets and Liabilities (Interest Rates)
06:10 Investing
07:30 Liabilities
08:06 9 Ways to manage your money
22 июл 2024