As parents, we strive to arm our children with the necessary skills and knowledge that will guide them through life. A critical yet often overlooked part of this toolkit is financial literacy. Grasping money management from an early age can have a profoundly positive impact on a child’s life, setting the foundation for a lifetime…
Success is no accident. The most successful people in life – whether in business, family life, music, or on the sports field – may not always seem like they have much in common. How are The Beatles similar to Steve Jobs? Or Warren Buffett and Shane Warne? But when their traits, habits, and work ethics…
You’d think that after 13 interest rate rises, the Australian consumer would be on the ropes, gasping for breath. But here we are, watching Aussies continue to spend like they’re in the ring with a featherweight, not a heavyweight. What gives? It’s a fascinating scenario that has defied all the economic forecasters who predicted an…
If you’re feeling the pinch of the cost of living crisis, you’re not alone. New analysis reveals that the average Australian now needs to earn $107,730 a year just to maintain the same standard of living they had a few years ago. This is a significant jump from the $90,000 salary that was once considered…
Almost every day I get a call from someone, somewhere and the first thing they say is, “I know you’re very busy.” I always find my inner voice saying, “I’m not too busy, actually.” But I also know what’s next. It’s typically some request for my time: a free speaking engagement, a podcast interview, a…
Money isn’t important! REALLY? I mean, really? On my Facebook page recently we had a top discussion about the meaning of money and how to shift your mindset. One chap piped up to say: “I hate money. I never have enough of it. I’m sick of trying to get it to stretch. If it wasn’t…
Conor McGregor, one week after receiving $30 million in winnings from his very lucrative loss to Floyd Mayweather, bought a super yacht reportedly worth $12 million. That’s on top of the multiple Lamborghinis, BMWs, Rolls-Royces and Range Rovers he owns. I’m not done. He also owns a 12,000-square-foot home in Las Vegas worth $20 million…
We keep hearing that the rich are getting richer, don’t we? And it seems that the gap is only getting wider. Forbes reports that it’s been an outstanding year for the planet’s billionaires, whose fortunes continue to swell as global stock markets shrug off war, political unrest and lingering inflation. There are now more billionaires…
Australia is among the strongest global performers in terms of income mobility between the generations, according to a new Productivity Commission report. The country’s long-term economic growth has led to each generation earning more than the last, on average. Our report finds 67% of the so-called “Xennial” generation – those born in 1976–1982, on the…
Starting a family is one of the most significant financial commitments you’ll ever make, especially in today’s climate where the cost of living continues to rise, causing many Australians to tighten their budgets. According to a July 2024 survey by Canstar Blue, which gathered insights from 2,356 Australian parents, the average monthly cost of raising…
