I like to think that I am mostly an optimistic person. I tend to believe things will work out. Impartial scientific analysis of the world over the last 5,000 years tends to support this thesis. I also believe that to be a good investor you have to be optimistic – you have to have an…
If there’s one question I’m asked almost as much as which property should I buy, it’s this one: How long before I become rich? It’s human nature to want to discover the secrets of other people’s success. It’s also human nature to wonder, in the midst of all the hard work, how much longer you’ve got…
The halfway mark of a calendar year is a good time to take stock of what’s happened during the first six months of the year. Learning from the past is a key habit in helping us to navigate the financial challenges we’ll certainly face in the future. It’s only by internalising these lessons that the…
![[Podcast] “Habits that Shape Success: Decoding Steven Covey’s 7 Wonders”– with Mark Creedon](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/07/MY-podcast-486-MC-02-270x200.jpg)
One of the most influential books I read in the 1990’s was Stephen Covey’s ‘The Seven Habits of Highly Effective People.” It’s a classic and a classic for a reason. The seven habits are really powerful things to build into your life. In a way, they’re just common sense. Like “begin with the end in…
![Financial Management – The 5 Jar Method [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/02/Housing-finance-270x200.jpg)
How well we manage our money is more important for our financial well-being than the size of our income. You see…the default for most of us is to pay for whatever we need to pay for and then “save” the rest. This is not a sound financial plan. Most Australians live paycheque to paycheque. While…
I’d like to share some of my thoughts about the inner game of wealth. Have you ever heard someone say that a lack of money was their problem? You know…they might say: “I can’t buy a new car because I don’t have the money.” Or “I can’t buy a house because I don’t have the…
Darren Hardy was the publisher of SUCCESS magazine and a disciple of one of my mentors, the late Jim Rohn. Here are a group of his great success quotes 1. “There is a one thing that 99 percent of “failures” and “successful” folks have in common — they all hate doing the same things. The difference is…
![[Podcast] Has the RBA won its fight against inflation? Big Picture Podcast with Pete Wargent](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/07/MY-podcast-487-Pete_Wargent-07-270x200.jpg)
In these regular Big Picture podcasts, Pete Wargent and I discuss the macroeconomic factors affecting your economy and our property markets, and a lot has happened since our last show a month ago. As one of Australia’s most respected financial analysts and commentators, Pete brings his invaluable expertise to help us navigate the ever-changing landscape…
The Consumer Price Index (CPI) rose 0.8 per cent in the June 2023 quarter and 6.0 per cent annually, according to the latest data from the Australian Bureau of Statistics (ABS). Michelle Marquardt, ABS head of prices statistics, said: “CPI inflation slowed in the June quarter, with the quarterly rise being the lowest since September…
![[Podcast] Why was RBA Governor Philip Lowe “sacked”? With Dr. Andrew Wilson](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/07/MichaelAndrew-podcast_image-05-270x200.jpg)
There were some significant changes regarding the RBA recently. Philip Lowe’s term as Reserve Bank governor was not renewed which means he’s been effectively sacked as Reserve Bank governor’s current Deputy Governor; Michele Bullock will become Governor starting 18 September. Regular listeners would know that I record a weekly video with Dr. Andrew Wilson, and…
