Ever wondered who in Australia is really taking home the big bucks? Well, the Australian Taxation Office (ATO) has just released its latest income statistics, and the numbers might surprise you, as reported by Yahoo Finance. While most Australians are feeling the pinch of rising costs of living, some professions are earning more in a…
Let me introduce you to a group of 100 everyday Aussies. They come from all walks of life; teachers, tradies, nurses, small business owners, retirees, professionals, and investors. Some rent, some own their homes outright, and a few have one or two investment properties. Some are just starting their careers, and others are planning for…
Let’s be honest, money and love have always been strange bedfellows. But new research suggests that for millions of Australians, the two are now deeply, perhaps uncomfortably, intertwined. According to a new Finder survey, almost 1 in 5 Australians (17%), that’s about 3.6 million people, admit to pursuing a romantic relationship for financial reasons. In…
I learned the rich don’t rely on one paycheck. They rely on multiple pay checks by building multiple streams of income. In my Rich Habits research, I studied 233 wealthy people for five years and found 65% maintain three or more income sources. Only 5% of the poor do this. I learned from the poor…
We’ve all become comfortable clicking, tapping, and swiping our way through purchases. From household items to birthday gifts, most of us now jump online without a second thought. But behind the glossy ads and tempting discounts lurks a growing threat that far too many Australians are still underestimating. According to the NAB, Australians lost $9.8…
Australians are now paying the highest average rate of income tax in more than two decades, raising concerns too much of the tax burden may be falling on Australian workers in their prime. That’s according to the latest annual report from the Household, Income and Labour Dynamics in Australia (HILDA) survey, released today. I am…
Trusts have long been one of the most powerful tools available to property investors. Used properly, they can protect your assets, help with estate planning, and provide flexibility in managing your growing wealth. But used poorly – or set up for the wrong reasons – they can quickly turn into financial handcuffs rather than a…
You’re probably reading this blog because you want to become rich. But how much money do you need? A lot of research has gone into whether money does truly make you happy and it has been found that, in general, humans are never satisfied. We always think that if we had a little bit more…
“What do you want your retirement to look like?” Most people pause when I ask that. Then they give vague answers: I want to travel more” or “spend time with the grandkids.” Nice ideas. But vague answers don’t lead to meaningful action. At Metropole, we’ve learned that the best way to help our clients build…
We often talk about Australia’s retirement system being one of the best in the world, underpinned by compulsory superannuation, the age pension, and voluntary savings. But the latest HILDA survey reminds us that the real wealth divide in retirement isn’t about how much super you’ve got – it’s about whether you own your home. The…
