I know a reasonably common Google search is “what is Michael Yardney’s net worth ?” In fact, a question I’m asked frequently is, “Michael, what’s your net worth?” And while I can understand that this may be of interest to some people, I’m sorry to disappoint you… I don’t answer this question with a definitive…
There is one thing that the rich and successful know that the average person does not understand. And if you want to become successful – whether it be in business, investing or just in your personal life, it’s very important for you to understand this concept, because it’s the reason these people are rich and…
Australia is poised for a period of significant transformation, and the latest Intergenerational Report gives us a glimpse into what the country might look like in 2063. As we consider the long-term future, it becomes clear that these projections are not merely theoretical—they have real implications for investors, business leaders, policymakers, and everyday Australians. Understanding…
Welcome to another monthly Big Picture episode of the Michael Yardney podcast. Each month, I get together with leading financial commentator Pete Wargent, who brings decades of perspective to his views. In this episode, we explore a range of topics from inflation and government spending to property investment strategies and market trends. The Reserve Bank…
I am a big fan of habits. Good ones that is. Of course, not all habits are productive ones. Some are bad for us, they stop us from succeeding, and they reinforce negative patterns that we’ve picked up from parents, friends or colleagues. No one is perfect, but I’ve found that the most successful people…
In today’s show, I chat with Ross Elliot, a prominent voice in the property market and urban development. Ross recently penned a thought-provoking article titled “The Housing Fix We Actually Can Do,” where he delves into the impact of taxes on property affordability and offers practical solutions to this pressing issue. We’ll discuss the current…
The Reserve Bank is set to keep the cash rate on hold at the end of its meeting on Tuesday, 24th September. This will mean Australia will have a cash rate of 4.35% for a full 12 months, with the next board meeting not until 4-5 November 2024. The market is, however, still divided on…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from CoreLogic paints an interesting picture. Their latest stats show how fragmented our property markets are, with almost 30% of the 3,655 suburbs analysed across Australia in decline. Melbourne (79.1%) and regional Victorian suburbs (73.8%) made up the…
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. I’ve…
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…