Life is expensive. The cost of living seems to be increasing almost as swiftly as Sydney’s house prices, and it can be a struggle to keep your head above water financially, let alone prosper. But do you want to know the truth? Deep down, there’s usually a reason why you’re broke… and it’s often because you…
I just finished reading an article complaining about the rich. The author was upset at the fact that 1% controlled 82% of the wealth in the world. In the author’s mind, there was something inherently unfair about this. The author, like many who are not in the 1%, felt that the wealth the 1% created…
Without always knowing it, property investors are pre-programmed with a range of biases that may cause them to interpret information incorrectly and thus undertake sub-optimal investment decisions. Let’s discuss 9 of the key biases that Australian property investors must overcome… 1. Hindsight bias How many know-it-all commentators now confidently proclaim that the financial crisis and…
Australia’s economic growth remains in the slow lane, at only 0.3% for the September quarter, keeping Australia close to recession territory. However, the national accounts data released on Wednesday by the Australian Bureau of Statistics (ABS) puts growth slightly higher than the snailish 0.2% recorded the previous quarter. Although growth is painfully slow, this could…
Genes are Apps that can be clicked on or off. The mind drives the body, and the body’s response to your thoughts switches genes on or off. Examples When you are exposed to something in your environment that poses some threat to your well-being, the autonomic nervous system sends out a “time to worry” distress…
In my Rich Habits Study, I had the fortunate opportunity to peer into the lives of 128 individuals who struggled financially in life. My goal was to figure out the underlying causes of their financial struggles. I learned many things. For instance, I learned that those who struggled financially had habits that, in many instances,…
Ever sat and really thought about the traits, values and differences between successful and unsuccessful people? It may seem obvious – successful people are, well, successful! They’re often confident, polished and assertive, with the warmth and charm to influence others. However, when you study what really makes successful people successful, there are a few simple…
Want to know how to become a millionaire? Well…Jaime Tardy interviewed more than 120 millionaires to learn the “secrets” of how to become a millionaire and published her findings in a book, The Eventual Millionaire, which explains the most important insights from those interviews. Today I’d like to share 5 of the many ‘secrets’ she…
Warren Buffett is known for many things: his reading habits, his philanthropy, his dedication to teaching the importance of money to kids, his business acumen, his wealth, and especially his investing style. He is also known for giving out priceless wisdom that has stood the test of time over the years. After all, who wouldn’t…
Have you noticed how some Australians seem to be tightening their belts while others continue spending with little restraint? The latest CommBank iQ Cost of Living Insights Report highlights an emerging disparity between younger and older Australians in their financial habits, painting a vivid picture of the economic challenges and opportunities shaping the nation. According…
