Personal Finance Tips

 

There’s no better time than the present to get your personal finance in order.
Building wealth certainly doesn’t happen overnight and as much as property investment is key, this all begins with how you manage your money.
These articles offer the best advice from finance industry experts so you can learn how to benefit from long-term monetary strategies.

Interactive: how have your family’s fortunes changed? Use this drag-and-drop tool to find out
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Interactive: how have your family’s fortunes changed? Use this drag-and-drop tool to find out

Use our drag-and-drop interactive to find out how incomes, financial wellbeing, and housing stress has changed since 2001 for various ‘family types’, including singles or couples without children.  Do you feel that, overall, you’re “better off” than you were in the past? Or that things are getting worse, or have plateaued? We now have the data to get us…

As the Rich Get Richer, the Poor Get Richer [video]
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As the Rich Get Richer, the Poor Get Richer [video]

The rich are getting richer, and the poor are… also getting richer. There’s a lot written about how the rich are getting richer, about income inequality  and about how much wealth “the top 1 percent” own.  This typically examines wealth in the context of a single country. But when you consider a global perspective, you’re already in…

What does success look like?
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What does success look like?

What does success look like? It’s fair to say that we’re living in some interesting times. People are launching lucrative careers through video platforms, such as YouTube, and making money from the number of social media followers they have. Good luck to those who are doing it, of course, but in this celebrity-driven era it’s…

No presents, please: how gift cards initiate children into the world of ‘credit’
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No presents, please: how gift cards initiate children into the world of ‘credit’

Many children receive gift cards or even ask for them so they can choose their own presents. But are youngsters ready to handle the wiles of advertisers and the complexities of ‘credit’ on a card? Louise Grimmer, University of Tasmania and Martin Grimmer, University of Tasmania Western children have more toys, games and possessions than ever before. And Australia has one of the highest rates of average spending per child on toys. Faced with a glut…

How financially literate are you: take this quiz
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How financially literate are you: take this quiz

The Household, Income and Labour Dynamics in Australia (HILDA) Survey, out today, found women exhibiting much lower levels of financial literacy than men – how do you score? writes… Roger Wilkins, University of Melbourne The Household, Income and Labour Dynamics in Australia (HILDA) Survey tells the stories of the same group of Australians over the…

Are You Raising Your Child to Succeed or Fail in Life? Four Areas Where Parents Are Failing Their Kids
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Are You Raising Your Child to Succeed or Fail in Life? Four Areas Where Parents Are Failing Their Kids

Charles Koch is a multi-billionaire. Charles and his brother David took over their father’s business and transformed it into the largest privately held company in the world. He was recently asked in a Time Magazine interview about what he attributes his enormous success in life to.   Charles responded that if it were not for…

I want a Golden Goose – where do I get one
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I want a Golden Goose – where do I get one

You’ve heard the story about the goose that laid the golden eggs, haven’t you. I believe it was an Aesop’s fable. Well imagine that you can go to a store and say: “I’d like to buy a goose that lays an egg please. One that will pay me a 10% return on its purchase price.” Wouldn’t…

4 types of wealth (and how to balance them)
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4 types of wealth (and how to balance them)

Hanging in the balance History is littered with the names of billionaires and wildly wealthy individuals that suffered from sadness, personal tragedy, illness, or depression.  While it may be hard for most of us to emphathise with the super-wealthy, this alone is compelling evidence that success and happiness should be measured in more than solely…

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