/ (min cost $ 0 ) or signup to continue reading There's a celebratory vibe in the air in Australia post-June, when tax refunds start hitting bank accounts. With most taxpayers receiving a refund, you're probably more likely to shout a round or splurge on someone's birthday; everyone starts upgrading their cars and wardrobes; you start thinking that investing in a $5000 electric bike really does tick every box. But before you splurge on new wheels, heels, or a coffee machine that comes with everything short of a barista, it's worth considering whether you're into acting wealthy, or being wealthy.
Acting wealthy is often about appearances. It often involves living beyond your means and an illusion of wealth for social validation. Being wealthy means security and independence.
It involves considered decisions about your finances for the long-term, and getting real about what you can do differently today to bring you the best outcome overall. If you're convinced that being wealthy is the goal, here are 4 smart strategies for using this year's refund to kick start your plans for future wealth: This probably feels like the least exciting option for a refund you can think of. Whilst high interest loans, credit cards, and buy now pay- later plans may help you act wealthy, they don't contribute to your wealth in a practical or psychological sense.
This is our number one smart move. Along the same lines, it won't bring the glamour or the thrills, but if your mortgage interest rate is h.
