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…
Over the last 50 years in property, I’ve seen this play out time and time again… The real fortunes in property aren’t made during the boom. They’re made before the main property boom by investors who recognise the signs, trust the process, and have the courage to act while everyone else is sitting on their…
Migration has always been part of Australia’s DNA, but right now it’s shaping our future more than almost any other force. In 2024, about 580,000 new residents arrived, while roughly 240,000 people left permanently, giving us a net migration gain of around 340,000. That’s significantly higher than our long-term average. And it’s got plenty of…
The age-old question of whether money can buy happiness has been hotly debated by philosophers, economists, and social scientists for decades. However, a study published a few years ago in the Proceedings of the National Academy of Sciences suggests that, for most people in the United States, the answer is yes. Daniel Kahneman, a Nobel…
I’ve often said that any problem money you have can solve, isn’t really a problem, and maybe this is true for business and investment matters. That said, there are still lots of things money can’t buy. You’ll never look back on your life and wish you’d spent more time at work, or reminisce about all…
Most property investors are wondering when the next rate cut is coming. Since the latest CPI figures came in slightly higher than most economists expected, our 4 major banks to revise their cash rate forecasts. Three banks expect just one more cut in the cycle. Westpac is now the outlier, still forecasting three further cash…
Bruce Lee showed us that strength isn’t determined by the size of the man; strength is determined by a man’s determination, dedication, motivation, and fearlessness. His lightning speed and strength amazed us and made him the most popular martial artist of all time. Bruce Lee’s words of wisdom made him larger than life. Here are…
For generations, Australians have proudly embraced the phrase “the lucky country.” It rolls off the tongue easily, evokes sunshine and freedom, and reassures us that somehow, no matter what happens, we’ll land on our feet. But when Donald Horne coined the phrase in 1964, he wasn’t congratulating us; he was warning us. He argued Australia’s…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from Cotality (formerly CoreLogic) paints an interesting picture. Australia’s property market has reached a new milestone, with the total value of residential real estate climbing to $11.8 trillion for the first time, increasing by $678 billion over the…
Property investment can be an exciting way to build your assets, grow wealth and increase cash flow. But while many investors start out with the best intentions, only a few will ever make it to the top of the property investment ladder. Why? Some make some wrong decisions, others take bad turns. To help…
