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.
We teach our kids how to behave in public, how to have manners and the importance of working hard at school. But why don’t more of us teach our kids how to invest? We spend our lives investing. We invest in our homes, in our businesses and in our relationships with others. Almost everything we…
At some stage in our lives most of us will experience the various highs and lows that go hand in hand with home ownership. Undeniably today the biggest pressure associated with realising the dream of having a place to call our own, is keeping up with the mortgage repayments. For those who buy their home…
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…
Did you know that there are now more than 600,000 Self-Managed Superannuation Funds (SMSF) in Australia? Plus the average fund balance is more than $1 million? SMSFs have soared in popularity over the past decade, especially because funds can purchase certain types of property to help grow their retirement wealth position. However, as outlined in…
I was having a yarn on Twitter this week with some smart finance types & recounted a Charlie Munger quote about there being only 3 ways to go broke: ‘Ladies, liquor, & leverage’. Sidekick Warren Buffett quipped that Munger only added the first two because they begin with ‘L’, implying that that the only way…
If you’re like many Australians you’ve got quite a debt on your credit card. The problem is for many people the money runs out before the month does and they borrow on their credit cars thinking the money in their limit is theirs. And it isn’t — they pay for the privilege of using it. Finder.com.au’s…
The goal for most investors is to accumulate enough wealth so your investment assets generate sufficient passive income to meet living expenses. If this happens, it is no longer necessary for you to work for an income and you then have complete discretion over what you do with your time. Wouldn’t that be wonderful! However,…
I love challenges. Especially when there is seemingly no reason to start them. That’s exactly what my wife and I just did. A challenge. The challenge? To not spend money for 30 days. No reason, really. Just for fun. And yes, believe it or not, it actually was fun. Here are the results… The Terms…
Self-Managed Superannuation Funds or SMSFs provide another avenue for people to create and manage their wealth. Unfortunately, like many other highly regulated financial tools, they can be quite complex. In fact, there a number of common errors that people often make in SMSFs, which can be avoided with professional advice from the outset, of course….
The rich think differently to the average person according to Steve Siebold, the author of How Rich People Think. If you’ve been reading my blogs you’ll know I’ve often said successful property investors think differently to the average investor. Anyway… in an article in Business Insider Sieblod recently explained the differences between how rich and average…
Copyright © Michael Yardney's Property Investment Update | Important Information
