We all know that the rich keep getting richer, but the question is how can we learn from them? Sometimes it can seem as though rich people are born lucky with inevitable success ahead. But the reality is that anyone can become rich. It’s not like they have any special secrets. After all, even the…
One of the aims of my podcast is to help you become more financially successful and help you grow protect and pass on your wealth, and what we talk about in today’s show with Ken Raiss, who is widely regarded as Australia’s leading property tax strategist is asset protection. Now for people who don’t know,…
When Tom Corley embarked on his Rich Habits Study he was not content with identifying the Rich Habits of wealthy people. Success habits only get you halfway down the field. In order to get down the rest of the field and score, you also need to know what not to do. That is why he also studied…
Strategic property investors plan for the long term and therefore theoretically should be immune to the ups and downs of the property market. However, the grinding reminders of the economic challenges we are facing can be a harsh test of character for even the most experienced investor. There is continual news about rising inflation and…
The Covid-19 pandemic has changed the way we live our lives, forever. Not only is work-from-home the new norm, but there’s also been a sea- or tree-change migration away from our city centres to regional areas as people look for a home that offers the whole lifestyle package. At the same time, property prices have…
There are some must-read books on personal finances that will help you develop good saving and investing habits. One of them is Robert Kiyosaki’s Rich Dad, Poor Dad, a must-read if you want to learn about personal finance. Now I’ve interviewed Robert three times on this podcast and while I don’t agree with many of…
Housing loan approvals rebounded in May, but new borrowers have turned their backs on fixed-rate home loans, according to the latest ABS lending data. The proportion of fixed loans funded in the month of May was just 12 per cent, in seasonally adjusted terms, and comes as banks rapidly hike fixed rates. This includes both…
A 40-year high in inflation, rising interest rates, talk of our property markets crashing, and our economy falling into recession. Then there’s Russia’s war with Ukraine. A spike in energy prices, and a skyrocketing jump in the price of oil. Supply chain problems. Excessive government spending. Exploding government debt. A huge increase in the nation’s…
“Will I ever succeed?” That’s a question that we all have. No matter how far we’ve come, there’s always more to learn, more to invest, and more to achieve. Why do we even have such doubts? If we try harder, we’ll definitely succeed, no? Well, it’s not that easy. There’s another option to the coin:…
The great Australian dream of owning a home lives on. And ABS’s recent Housing Occupancy and Costs statistics give us a good snapshot of how many of us own a home and how many rent. Key statistics The latest stats show that in 2019–20 66% of Australian households owned their own home with or…