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I began my study of rich and successful people well over 40 years ago Of course, not all rich people are successful, and not all successful people are rich but remember I was much younger and more naïve then and wanted it all. I tried to understand why some people were rich while others kept…
There’s a troubling irony in the latest data on how Australians are feeling about their lives. We endured lockdowns, closed borders, business shutdowns, and genuine fear about a global pandemic, and apparently, we were happier then than we are right now. New research from the Australian National University found that life satisfaction has fallen to…
The rich are not necessarily happier than normal folk all the time, but I bet they are happier more often. That’s because money does make a difference in people’s lives. It removes a lot of our worries and allows us more time to spend with our families or on activities that make us happy. Likewise,…
Well, the RBA has now spoken, and for the first time this year borrowers received a little breathing space. At its June meeting, the Reserve Bank kept the cash rate on hold at 4.35%, following three rate rises earlier this year. That decision was widely expected, but it was not exactly a green light for…
When it comes to happiness, some things will make people happier than others. The same is true for success, which is unique to every individual. Some people will define success through business acumen and achievement, while others search for satisfying relationships on their path to a successful life. Likewise, happiness can be derived from a…
There is no doubt that our housing markets are facing challenges from all directions, but clearly, they have remained resilient. To better understand what’s happening, this monthly collection of charts from Cotality paints an interesting picture. Aspiring buyers looking to secure a median house in Brisbane must earn over $17,000 more in annual household income in…
Have you ever stopped to wonder if there was a better time to be alive than right now? It’s a fascinating thought experiment. Every era has had its golden moments and its dark chapters, and depending on when and where you were born, your experience of the world could be vastly different. Today, many people…
Every now and then, life hands us a reminder disguised as something ordinary. A friend recently told me a story about a hiking guide who would start every trek the same way. Before anyone took a single step up the mountain, he’d ask the group to place their backpacks on the ground. Then he’d say,…
There’s a saying in property circles that you make your money on a piece of real estate when you buy it. The gist of this is, that if you can negotiate really well and buy the property at the right time in the cycle, you’ll instantly manufacture some profits. This myth has caused people to…
Australia has won the geographic lottery. Few nations have been blessed with such an extraordinary combination of advantages. We have abundant natural resources, vast agricultural capacity, world-class cities, strong institutions, proximity to Asia’s growing economies, and a stable political system that continues to attract global capital. For decades these advantages have generated enormous wealth. We’ve ridden…
