Aug 6 • Business Tips
Same $331 a week. Two very different endings. 👇
Finance a $70k Hilux for 5 years and you'll pay ~$86k all up — $16k of that is straight interest.(rough numbers...)
Even after clawing back GST, depreciation and resale, you're left holding a ute that's worth less every year.
Drip that same $331/week into the S&P 500 instead? ~$111k.
That's a ~$46k gap. Same money out of your pocket every week.
"Buy a new ute to lower your tax" is the biggest trap for a new business. The ute doesn't save you tax — you spend a dollar to save 25 cents. Deductions make things cheaper, never free.
Buy the ute you NEED, not the one that flatters your tax return. Then invest the difference. 🔧📈
Worked this one out through my own financial education — not financial advice, just maths.
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Same $331 a week. Two very different endings. 👇
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Most tradies chase more staff and bigger jobs. I keep costs low and margins high. Low overhead means I can say no. That's called freedom.
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