Death is never an easy topic to talk about, but planning for it is one of the most important things you can do for your loved ones. A lot of Australians assume that everything will just “work itself out” when they’re gone—but unfortunately, that’s far from the truth. Without a valid Will in place, you…
A lot of people think that success is an event. One magical, transformational event. She or he was an overnight success. We’ve all read crap like that in the media over and over again. For budding entrepreneurs out there, the expectation that you can become an overnight success plays havoc with their psyche when that…
One day Warren Buffet was sitting in the cockpit of his plane with his pilot, Mike Flint. They were having a conversation. Flint asked Buffet what it takes to succeed. Buffet shared with him the following 3 Step Strategy for Success: STEP #1 Top 25 Goals Buffet had Flint write down his top 25 Goals. STEP #2…
Imagine being taxed on the value of your assets even if you haven’t sold them. Sounds like fiction? Well, it’s not. It could soon be policy. Australia’s federal government has proposed a controversial new tax—one that could see unrealised capital gains on superannuation balances above $3 million taxed at 30%. Now, at first glance, this…
Smart property investors use all the legal tax rules to minimize their cash flow leakage and maximise their deductions. The government encourages property investors to provide accommodation for those who need it by offering them a range of tax benefits. While most investors know about the typical tax deductions, such as interest on loans, repairs and management fees,…
Why is there only a small percentage of rich people? Why are so many people poor? The experts are quick to point the finger of blame at a variety of causes: low wages, America’s shrinking manufacturing base, U.S. companies moving overseas, China stealing our jobs, illegal immigrants stealing our jobs, poor education, the rich exploiting…
Let’s face it — managing money isn’t always intuitive. But the good news is, it doesn’t have to be complicated either. These seven simple yet powerful money lessons can shift the way you think about your finances and help set you on the path toward greater wealth and a more peaceful mind. So, let’s jump…
![Here are the 13 biggest differences between the rich and the poor [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2025/06/ChatGPT-Image-Jun-3-2025-02_15_37-PM-270x200.png)
What are the biggest differences between the rich and the poor? I don’t mean the fact that the rich have more money. There is a lot more to it than that. In fact, that’s why Michael Yardney wrote his international best selling book Rich Habits Poor Habits together with Tom Corley. Their aim was to…
Reason #1: Uncertain how to become rich In my five-year Rich Habits Study/Research, I learned something profound: There are 4 very specific paths to accumulating wealth: Saver/Investor Path – Save 20% or more of your income and consistently/prudently invest those savings. Big Company Climber Path – Working for a big company and climbing the ladder until…
Let’s start with a blunt truth: in 2025, Australian women are wealthier than ever, but they’re still significantly behind men. And that gap matters. Because wealth isn’t just about flashy lifestyles or living large — it’s about security, opportunity, choices, and resilience in the face of life’s inevitable challenges. And at the national level, it’s…
