Not a day goes by without a headline about a victim being scammed and losing money. We are constantly warned about new scams and staying safe from cybercriminals. Scamwatch has no shortage of resources, too. So why are people still getting scammed, and sometimes spectacularly so? Scammers use sophisticated psychological techniques. They exploit our deepest…
Who makes better property investors – women or men? Up till now, the answer may have depended on who you asked (or what gender they were) but neuroscientists have uncovered evidence suggesting that, when the pressure is on, women bring unique strengths to decision-making and make less risky decisions under high-stress situations. Quoting separate neuroscience…
Australia is now in the same league as Lithuania, Estonia and Hungary when it comes to cutting real pay, according to a new OECD report. These are the only countries where cuts in real pay – pay adjusted for inflation – have been more severe for low-paid workers than those on higher salaries. The OECD’s…
Over the past decade, many Australians have invested in property via their superannuation funds. One of the reasons they do this is because they want to have control over the performance of the funds in their super. Another is it allows them to buy an investment property when perhaps they could not have otherwise. However,…
Do you have to be naturally smart in order to strike it rich? Is intelligence a prerequisite for success? In my five-year study of the daily habits of 233 self-made millionaires and 128 individuals at or near poverty (Rich Habits Study – Background on Methodology), I uncovered the answer to these and many other questions….
In today’s show, Ken Raiss and I will discuss inheritance strategies to help make your children richer. Whether you’ve already built substantial wealth or are just starting your financial journey, it’s never too early or too late to start thinking about how to pass on your wealth to the next generation. Today Ken shares his…
The circumstances of your life are a mirror of your habits, beliefs, emotions, and your thinking. You see this mirror effect at work all the time. Someone walks into a room, smiling, happy, and upbeat. Their very presence affects everyone in the room, in a positive way. You also see the mirror effect at work…
As a Mentor, I’ve come across a large number of people in a huge variety of fields who have been very successful. My fascination with the topic of success has led me to study countless more peak performers. One thing I know for sure. Almost every man or woman who rose to power and attained…
Millions of Australians are hiding money away in bank accounts unknown to their family or partner, according to new research by Finder. The survey of 1,012 respondents revealed more than 1 in 10 (12%) – equivalent to 2.5 million people – currently have, or have had, a secret savings account. The research found 8% –…
Do you believe in luck? Interestingly many of those who have been unsuccessful in life believe that wealthy successful property investors “got lucky”. You know…they entered the market when prices were cheaper, or finance was easier, or maybe the market did all the hard work for them. I guess that’s because it makes them feel…
