Regular readers of this blog would be aware of my unwavering commitment to adopting a long-term perspective when it comes to making financial decisions. While I firmly believe in this approach, I also recognise that there are occasions when short-term decision-making can offer advantages. Nevertheless, it’s important to note that such instances are infrequent and…
In 2017, Griffith University estimated Australians would pass on a staggering $3.5 trillion in wealth over the next two decades. It is estimated that around $10 billion is inherited every month in Australia, and the numbers are steadily increasing. Given these projections, it’s highly probable that many of you reading this blog will receive an…
Moving to Australia may seem like an easy task, but you need insider info to tackle obstacles all on your own. In today’s article, we’ll explore 5 expert tips that will help you move to Australia and find your new home in the down under. You may even decide to not move to Australia, depending…
Purchasing your first home is an important decision with far-reaching implications. You’ll be significantly better off financially if you make the right choice. However, if you mess it up and buy the wrong property, you could be worse off both financially and from a lifestyle perspective. Many parents have learnt a lot from their experiences,…
In recent weeks, state governments have been sending out land tax notices to property investors. The noticeable increase in land tax receipts over the past few years has prompted more investors to reassess their property investments. Furthermore, the surge in land taxes is anticipated to exacerbate the rental crisis. Property investors are likely to pass…
The price of Bitcoin has risen 64% in 2024 so far. That’s after rising 156% in 2023! Last week, a client brought to my attention that the CEO of the largest asset manager in the world, Blackrock, suggested that crypto is a good long-term store of value. He likened it to digital gold. This might all seem like…
Upgrading your home is a very important lifestyle decision that will have a significant impact on your standard of living. However, it is also a very important financial decision. Making wise choices can greatly improve your financial position, but mistakes can be very costly and impair your ability to build wealth. (1) Approach the decision…
The government projects that scams cost Australians $3.1 billion per year. Given that more of our life is becoming digitalised, especially with banking and financial services, we are more susceptible to scams. It’s critical that you take active steps to protect your money. Most common scams are… According to the National Anti-Scam Centre, scams are…
A key financial goal for most people is to eventually repay their home loan. Last year I outlined 3 questions you must ask yourself to determine whether repaying your home loan is your top priority – see here. The internet is filled with countless ideas on how to repay your home loan faster. However, many of…
I was motivated to write this blog for two main reasons. Firstly, I observed several buyers’ agents on social media proudly advertising short-term capital gains. One instance caught my attention, where a buyers’ agent claimed to have purchased a property for a client 18 months ago for $435,000, asserting its current value at $510,000, implying…
