Ep.127: Building a $50 Million Dollar Super Portfolio, with Manoj Abichandani

In this week’s episode of the Geared for Growth podcast, host Mike Mortlock sits down with Self-Managed Super Fund (SMSF) expert Manoj Abichandani to explore the role of super funds in building intergenerational wealth.

Manoj brings a wealth of experience from his extensive career in the SMSF sector, having worked as an Accountant, SMSF auditor, and IT entrepreneur. As the Principal Architect of Abichandani and Associates, Manoj specialises in guiding high-net-worth families in wealth creation through intergenerational trust structures. In this episode, he shares his deep knowledge of how property investing can be leveraged within super funds to build lasting wealth.

Originally from India, Manoj migrated to Australia from Zimbabwe in 1988. Like many migrants, he initially struggled to find employment in his field of accounting, taking on various jobs such as waiting tables and washing dishes. After 12 months, he secured a position in Sydney but had to attend night school to earn a recognised Bachelor of Business. His strong work ethic eventually led him to establish his own tax practice in 1995, well before SMSFs became popular.

Over his career, Manoj has witnessed numerous changes and the highs and lows of the SMSF sector. He has accumulated valuable experience building his own portfolio as well as those of his clients. In this episode, he discusses the growth of super funds over the years and shares his views on negative gearing, second-tier lenders, and more. Manoj also offers detailed comparisons of negatively versus positively geared portfolios and addresses the common challenges Australians face in growing their super funds. He emphasises the importance of overcoming these obstacles and offers practical advice on how to navigate them successfully.

This episode is a masterclass in using an often-underestimated financial vehicle to build intergenerational wealth and is the first part of a two-part series. If you are serious about advancing your financial future and securing a legacy for your loved ones, this episode is a must-listen.

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In this week’s episode of the Geared for Growth podcast, host Mike Mortlock sits down with Self-Managed Super Fund (SMSF) expert Manoj Abichandani to explore the role of super funds in building intergenerational wealth.

• Manoj’s background and how he started in self-managed super funds
• The motivation for the relaxation in super fund borrowing rules
• Manoj’s thoughts on borrowing from second tier lenders
• Structuring loans for super funds
• Using your super fund to build inter-generational wealth
• Questions to ask your Accountant and Financial Planner
• The reason people can’t get ahead with their super funds and what to do about it

“Not many people had money in super, we’re talking about 2007 maybe we had 300,000-400,000 in super funds, by the way now we have about 625,000 super funds. Another factor was that compulsory super, the employer super was very low at that time, you’re talking about four or 5% contributions and now it’s 11.5%” 8:12

“I always lend the money myself to my super fund, so that’s very easy to do because if you have money you can lend to your super fund … your super fund can borrow from anyone” 9:49

“The worst thing I will ever recommend anybody is negative gearing and that fundamentally is so wrong that it stops you from buying the 2nd and the 3rd property and the fourth property: 14:37

“A lot of people are not able to contribute to their super and the reason they’re not able to contribute to the Super is because there is no money, all the money is going into paying off your home loan” 19:09

“By the time he retires depending on how his super is going he might end up with only half a million maybe 60,65, if he loses his job then he’s on Centrelink and that’s the problem in this country. You don’t have the money because you’re paying your money to the bank you’re not keeping it for yourself, you’re not keeping it for your retirement” 21:05

“Having a good life at the right age is very very very important” 23:37

“In a self-managed super fund if you had three investment properties you can add your kids into your self managed super fund so they can inherit these properties which you bought without paying any stamp duty and they can continue holding these properties forever” 26:03

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