People often ask me how I became successful in that six-year period of time while many of the people I knew did not. The answer is simple: The things I found to be easy to do, they found to be easy not to do. I found it easy to set the goals that could change my life….
Here is a good question to ask yourself … Where are you going? Ten years from now, you will surely arrive. The question is, where? We don’t want to kid ourselves about where; we don’t want to kid ourselves about the road we’re walking. At 25, shortly after meeting my mentor Earl Shoaff, I had…
When you set up a self-managed super fund (SMSF) you need to understand what it is, and also what it isn’t. Firstly, an SMSF is a trust and, like all trusts, it’s not a legal entity. Therefore the fund needs a trustee who makes decisions, opens up bank accounts, completes the tax return, and so…
I bet you made some New Year’s resolutions. Most of us did because resolve comes easily on December 31st. But give it a few weeks and many of the resolutions you made might already be in disarray, compromised, or abandoned. And the resolute determination to make this year the year that you stick to your…
Most people say wealth means a big salary with a lifestyle to match. Most people equate wealth to money, but that’s not how wealth works. You need a lot more than money to be truly wealthy. You need your health, your friends and family to share it with, you need personal growth, spirituality (this means…
Have you ever noticed how good we are at doing what doesn’t work? For some (OK, for me), it’s with our diet. For others, it’s relationships. For many Australians, it’s how they handle their finances. It’s interesting how otherwise intelligent people behave so foolishly and keep on doing what hasn’t worked for years. It’s like…
Money regrets – we all have some. We’ve all made financial decisions we would ‘undo’ given half a chance. It might be the under-performing property we wished we’d passed on or that great property we wish we had really chased. Given how important financial skills are to navigating life, and the fact that schools don’t…
It is virtually impossible to become successful with a negative mindset. Negativity puts the emotional centres of the brain in control while shutting down the logical/analytical centres of the brain. When you make decisions using the emotional centers of the brain, those decisions are always bad decisions. And decisions made out of Fear, are always…
Large companies paid the Australian government a record A$100 billion in tax in the last year, a 17% increase on the previous year. But, over the same period, there were still 31% of large companies, operating here but not paying any tax. The Australian Taxation Office’s annual corporate tax transparency report released last week includes…
Warren Buffett is arguably one of the best investors of all time and has an excellent track record of creating and maintaining his wealth dating back to his early entrepreneurial days starting at just five years old. You’d think that the hugely successful magnate and philanthropist would be too strapped for time to mentor as…
