In almost every area of our lives, we’re comfortable with the idea of paying an expert for their expertise. If you want fantastic photos at your wedding, you’ll pay a professional photographer rather than relying on your friends and relatives to capture the moment. And even if you’re handy around the house, you’re likely to…
If you could see one number that reliably predicts where property prices are heading next, would you want to know what it is? Well, today, you’re about to find out — and it’s not what you think. You see…most investors think population growth drives property prices… but today I’m joined by Stuart Wemyss, financial strategist…
Most people think the biggest threat to their financial future is a market downturn, higher interest rates, or choosing the wrong investment. They’re wrong. In my experience, long-term wealth isn’t destroyed by bad markets. It’s eroded by bad decisions – often sensible-looking ones made with confidence and good intentions. That’s what makes these mistakes so…
How we move through our cities is about much more than just getting from A to B. It impacts our health, our productivity, our environment — and yes, even our wealth. And with Australia’s capital cities continuing to grow, the way we commute is becoming a critical piece of the urban puzzle. Yet, for most…
When you look in the mirror are you proud of the person you see in that mirror? One of my old friends, who eventually became a deca-millionaire, told me that it was his mirror that told him he was on the wrong path in life. He said that when he used to look in the…
I came across this chart on X recently, comparing house price growth with money supply over the past decade in the USA. The idea is: when there’s more money circulating in the economy, it can push property prices higher because housing stock is relatively fixed. In short, supply of houses simply can’t keep up with the growth…
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 the Michael Yardney Podcast and while I don’t agree with…
OK…It’s easy to get offended by others and then build up anger and resentment. We have to forgive others and carry on with our life, so here are 15 quotes to start your week on the right note: 1. “Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only…
Most people say wealth means a big salary with a lifestyle to match. Most people equate wealth to money, but that’s not how wealth works. You need a lot more than money to be truly wealthy. You need your health, your friends and family to share it with, you need personal growth, spirituality (this means…
If there is one financial principle every investor should understand, it’s compounding. Albert Einstein supposedly called it the eighth wonder of the world, and for good reason. Compounding is your best friend as a property investor and is simply the process of earning returns on both your original investment and the returns you’ve already earned….
