Ten years ago I did a study into ageing and wealth. At the time, I called the study “old poor and lonely” – given this more or less summed up the picture for the typical retiree. Surely, a decade later on, things have much improved? It depends on where you sit. Only a third of…
If there’s one thing I’ve learned in my many years of business, it’s that change is the one constant. Just when you think things are settled, something will happen to upset the apple cart. Investors and entrepreneurs may think this is only happening to them, and that it’s their bad luck. It’s not. It’s the…
According to A well-known study, conducted in 2013 by PEW Charitable Trusts, 70% of those born and raised in poverty, remain poor as adults. And this “cycle of poverty” continues generation after generation. Why? Inferior education, absentee parents, toxic stress, poor nutrition, few, if any mentors and a lack of opportunities are all blights inflicted upon…
Most Australians know they pay a lot of tax. What most don’t realise is just how dramatically the system has shifted over the past century, and how that shift is quietly eating away at the wealth of ordinary working Australians, especially investors. Here’s something worth thinking about as you head into tax time…Australia’s top marginal…
Most people assume success in property comes down to timing the market or picking the right suburb, but in reality, your results are largely determined by the decisions you make along the way. And those decisions are driven by how you think. In today’s environment, with higher interest rates, constant media noise and mixed messages…
If you want to succeed in life, you absolutely must surround yourself with other successful people. Successful people are successful because they have expert knowledge and skills in very specific niches. Unsuccessful people lack expertise in any one niche. Successful people surround themselves with other success-minded people who are also experts in their field. They…
Money takes away your problems, or so the saying goes. But what does that really mean? Can money really solve all of our problems? While it’s true that money can’t buy us happiness, it can certainly make life a lot easier. With enough money, we can pay someone else to take care of may of…
I began my study of rich and successful people well over 40 years ago Of course, not all rich people are successful, and not all successful people are rich but remember I was much younger and more naïve then and wanted it all. I tried to understand why some people were rich while others kept…
Australia has never had a death tax. We’ve long prided ourselves on that, and many Australians have structured their estates carefully, knowing their wealth could pass to the next generation without the government taking a cut simply because they died. But buried in Treasurer Jim Chalmers’ 2026-27 Budget are changes that estate planning lawyers and…
Australia remains one of the most prosperous nations in the world. We enjoy a stable political system, abundant natural resources, a relatively strong labour market and living standards many countries would envy. Yet beneath the surface, something important is shifting. The latest findings from the Australian Bureau of Statistics’ General Social Survey reveal a growing…
