FIFO is Tough
on Mental Health and Marriages.
Here’s How to Build Your “Exit Plan”
Without a Drop in Income.
There is no denying that Fly In, Fly Out work can take its toll on your mental health, and on your personal relationships.
Government-funded research, released by the Minister for Mental Health last year, found that one in three FIFO workers experiences high levels of psychological distress, which is TWICE that of the normal population.
3,000 FIFO workers, 400 of their partners and 300 former FIFO workers were surveyed, with the researchers also tracking the experiences of 200 FIFO workers over the duration of their work rosters.
As expected, it found FIFO workers were “clearly at risk” from mental health issues and 33 per cent of them experienced high or very high levels of psychological distress, twice as high as non-FIFO workers.
The report in particular highlighted:
- long rosters,
- working at night,
- unsupportive supervisors
- and exposure to bullying.
This has gotten so bad that the WA government has recently launched a code of practice to help promote and maintain mentally healthy workplaces for FIFO workers.
FIFO takes its toll on relationships too.
Many FIFO workers also report strained relationships with their spouses once they are back home (the divorce rate for FIFO workers is higher than the general population).
Many also regret missing out on important events with their kids.
and your “FIFO Exit Plan”
Unfortunately, many FIFO workers we speak to report feeling “trapped” in the industry.
Many plan to only spend a few years in the industry – work hard then get out.
But in reality this is rarely the case.
“A couple of years” can easily turn in 10-15 years, with most people having no real plan to escape.
Sure they have a good salary, but they lose 30-50% of their incomes to tax, then they have their mortgage payments, lifestyle costs, and other living expenses which makes it almost impossible to get ahead.
If you can relate, don’t worry – you’re not alone.
And it’s not your fault – this is an industry designed to suck people in and use them up.
But there is a way out.
How Ash, a FIFO worker from Beechboro, escaped FIFO on his terms.
Ash was working a 2:1 schedule; one week of day shifts, one week of night shifts, then one week off at home.
He was busting his backside for those two weeks and was so tired afterwards he basically spent his whole week off recovering.
The whole time his wife was essentially bringing up their two kids by herself.
Ash was missing his kid’s birthdays, sporting events and social activities with his friends.
On top of that, he was losing over $50,000 per year to the tax man.
Then Ash had a terrible realisation…
- I’m making decent money on paper, but…
- I’m actually making no dent in my mortgage…
- I’m losing more than a third of my income to the taxman…
- I’m missing out on seeing my kids grow up…
- I basically have no life – and for what?
- I need to be in a position to retire at some point, have my home paid off with enough money to live through my retirement years, plus be able to help my kids get a headstart in life should I want or need to.
Something has to give here…
That’s when Ash approached us here at Keypoint
Our experienced team showed him the faster, easier way to pay off his mortgage, reduce his tax, and build his wealth:
Investing in property.
He decided to take the plunge.
(It was an easy decision when he discovered how much tax he would save, and how much faster he would pay off his mortgage.)
And now just a few years and Ash’s progress has been incredible:
And most importantly…
Because Ash is in such a strong financial position, he has been able to leave the FIFO industry and work locally in Perth, giving him much more time to spend with his wife and kids.
According to Ash:
“If you are FIFO, I implore you to take a step back and look at what you could be doing differently. 1 year becomes 15 in this game – you have to make it worth your while.”
If you or your partner are FIFO's then you can do this too, using our simple, proven process…
The fact of the matter is, 19 out of 20 of the FIFO families we meet are paying WAY too much tax.
If you qualify, we can show you how to reduce your family’s tax bill and save you tens of thousands of dollars a year.
Plus we’ll show you how to redirect those savings to rapidly pay down your mortgage (many of our clients clear their mortgages in as little as 7 years)…
While also building a valuable investment portfolio that grows in value over time (and will provide you an income in retirement).
Our FIFO clients often use this opportunity to exit the FIFO lifestyle on their terms.
It’s simple and straightforward once you have a proven process and experts supporting you.
Keypoint has been operating for over 11 years and we have already helped 1600+ Aussies achieve this – now we’d like to show you how you can do it too.
Register for a complimentary “FIFO Property Plan” today to discover the following:
All our clients started from the same place you are in now
Let us show you how to leverage simple, effective property investment techniques to reduce your tax and escape from FIFO work on YOUR terms.
But spots are limited – we can only offer 3-5 of these sessions per week. So please complete the form below today while space are still available.
IMPORTANT: This offer is not suitable to everyone. You must be a FIFO worker (or your partner is) with a combined household income of least $100,000 per year, plus home equity of $150,000 to be able to use these strategies.
Believe it or not, most Australian families with a combined income of $100,000 or more pay tax at a higher rate than rich people like James Packer.
And although they work 5 (sometimes 6) days a week, they don’t keep any of the money they make before Wednesday lunchtime because it gets gobbled up by tax.
On the other hand, proactive investors have discovered 100% legal strategies to redirect wasted tax dollars into property investments that help them retire sooner and richer.
Keypoint Management Group has helped more than 1600 hard-working Aussies save millions in tax and build a property portfolio that enables them to retire sooner and richer.
Our process is simple and begins by helping you redirect wasted tax dollars to potentially…
Think this may be what you’ve been looking for? Get in touch today to explore if we are a good fit to work together.
“19 out of 20 people I meet are needlessly paying thousands too much in tax.
I help them redirect wasted tax dollars into property, so they can retire sooner and richer.”