My favourite financial author is Morgan Housel. Here are nine of his best quotes for financial success: 1. More people wake up every morning wanting to solve problems than wake up looking to cause harm. But people who cause harm get the most attention. So slow progress amid a drumbeat of bad news is the…
Warren Buffett’s retirement as CEO of Berkshire Hathaway at the end of last year, at age 94, wasn’t just the end of an era for Wall Street; it was a moment for investors to pause and reflect on what truly matters when building enduring wealth. Most commentary focuses on his stock picks or the billions of…
Have you noticed that Australians seem to have become a little more short-tempered lately? You see it in the supermarket queue when someone takes their frustration out on a teenager behind the checkout. You hear about parents abusing teachers, nurses dealing with aggressive patients and relatives, and even junior football umpires needing escorts to protect…
Let me share something interesting with you. Roughly 70% of the people you run into in life are pessimistic. Only about 30% are genuinely optimistic. Now think about that for a moment. If most people tend to expect things to go wrong, to focus on the risks, the obstacles, the “what if it doesn’t work”……
It’s important to have rich children. There I said it. Now, before you tell me there are more important things in life, let me clarify what I mean. Rich children grow into adults who are wealthy, yes, but they’re also resilient, curious, independent and compassionate. In my mind, “being rich” is about wealth in all…
Australians are regularly told that inflation is running at a certain annual rate, yet many households look at their mortgage payments, rent, electricity bills, council rates, and insurance premiums and wonder whose cost of living the official figures really measure. Their experience feels very different because the headline Consumer Price Index is an average across…
What if I told you that almost none of the financial decisions you agonise over actually matter? Most investors worry about interest rates, the next hot suburb, tax changes, market timing, stock picking, and whether they should buy now or wait. But what if 95% of your financial future is shaped by just a handful…
Have you ever looked at the latest inflation figures and wondered whether economists are living in the same country as you? We’re told inflation is running at three or four per cent, yet electricity bills have surged, council rates keep climbing, insurance costs more, rents have risen sharply and mortgage holders are paying thousands of…
Cotality’s national Home Value Index fell 0.9% in August, marking a fifth consecutive month of decline and taking national home values 3.6% below the market peak recorded in March. The downturn is becoming more widespread, with 93% of capital city suburbs recording a value decline through winter. Every month, investors, homeowners, and would-be buyers turn…
Six months ago the conversation about Australian property was all about resilience, about how our markets kept climbing despite thirteen rate rises and a cost of living squeeze that refused to ease. That conversation has changed. Australia’s property downturn gathered sharp momentum in July, with Cotality’s national Home Value Index (HVI) falling 0.7% – the…