Household finance data released by the Reserve Bank (RBA) each quarter looks at the ratios of household debts and assets to disposable income. The latest RBA update shows that while households debt is growing, asset wealth is simultaneously increasing. According to the RBA, the ratio of household debt to disposable income was recorded at 193.7%…
How are you likely to react if you suddenly made a huge windfall profit? Or, (perish the thought), a larger than expected loss? From a neurological perspective, we have some neurons in our brain called Mirror Neurons. When we look at a sport or listen to someone else’s experiences, these nifty little neurons fire off…
At a recent breakfast, a friend shared the process he and his wife use in place of traditional budgeting. It takes them less than 15 minutes a month, and after the first month, it’s already had a massive impact on the way they use money. Think of this as a little case study, one that…
Treasurer Scott Morrison recently asserted that an increase in profits is a prerequisite for wages growth – but is his position supported by data? Writes… Saul Eslake, University of Tasmania Do higher profits necessarily lead to higher wages? The answer, as borne out by the data below, might surprise you. In fact, wages growth is more…
Many years ago I learned about the Law of Belief from Brian Tracy which states that, “Whatever you believe, with emotion, becomes your reality.” The Law of Belief says that you do not necessarily believe what you see, but you see what you have already decided to believe. Your beliefs control your realities. You always…
