Do you have a principal and interest home loan? Well if so, read on as this tip could save you a fortune over the years. It’s a method to best manage your home loan repayments in order to save not only interest but years on the life of a standard, variable-rate home loan. While most…
If you use your own car for work purposes, you could be eligible to claim a tax deduction for car expenses, whether you own your car outright, are leasing it or paying it off. The Australian Taxation Office explains that you can claim a deduction for car expenses if you use your car to: Perform…
There is no one perfect formula to achieve success, which is probably a disappointment for many people! Alas, too many people think they can simply follow one person’s individualised model of success and achieve the same stellar results. The issue with this idea is that everyone’s path can be very different because each person on…
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life, I like to begin my presentation by asking the same three questions: “How many want to be financially successful in life?” “How many think they will be financially successful in…
If you’re like me, you like reading motivational quotes. I’m particularly intrigued by those of successful investors. Here are a few great ones… George Soros: Good investing is boring “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.” Howard Marks: Investing is about more than selecting…
Whether you’re a home buyer or an investor, when you’re looking for a new property there are so many things to consider. Determining the best property to buy isn’t as easy as picking the nicest-looking house in your local area. From location to school zones, demographics, and even the number on the mailbox, there are…
Throughout the annals of property history, one constant facet of asset selection has often eluded beginning investors and that is – what really pushes up the price of some housing, while other pockets languish in the ‘medians’ or are below-par performers. Often, those new to the property game think it’s all pretty black and white…
If you’re anywhere near my age (I’m going to be 50 very soon), you know you need to be investing a sizeable portion of your income. Not should be. Need to be. There are plenty of reasons for this, not least of which is the uncertainty around how much money you’ll need when you’re done working. But there’s…
Want to know the number one secret that the wealthy use to become rich? I’ll share that in a minute, but first let me ask you…given a choice, which of the following would you prefer? One cent that doubles every day for 30 days, or $1,000,000 In my opinion, most people would likely choose $1,000,000….
Some like it hot, some like it iced, and some just don’t like it at all. Until recently, coffee was on the list of habits to break if you really wanted to be healthy. Coffee drinking is linked to a decreased risk of premature death, type 2 diabetes and some types of cancer. However, some…