Each one of the 233 millionaires in my five-year study of rich and poor people was lucky. Fifty-six (24%) were born into it and 177 (76%) created it. The type of luck those 24% received was random good luck. The type of luck those 76% received was self-made. Luck, whether random or self-made, is a common…
Years ago while dating, I encountered a particularly charming creature. He was absolutely fascinating, charming and charismatic. From the moment our eyes met across the crowded room, I was captivated. Things moved quickly, my friend. Over the next few days, he showered me with attention and affection that left me spinning. Finally, it seemed there…
In my five-year study of the habits of the rich and poor, I discovered that luck plays a critical role in determining success or failure. In fact, 87% of the rich in my study admitted that good luck, or unexpected good consequences, made it possible for them to amass their enormous wealth. Conversely, 54% of…
A new client recently came to see me. He was a little hesitant at first as he had been using an accountant, lawyer, and financial planner and was apprehensive about the value Metropole Wealth Advisory could give. He left my office almost in tears when he realised the cost of his poor previous advice. Given that…
How does money influence you? When does money go from being a positive to a negative force in our lives? When it becomes an obsession, and it’s one of the last things you think about before going to sleep, and the first thing you think of when you wake up. If you judge the integrity…
Cryptocurrencies and other digital assets have enjoyed an astonishing rise into mainstream consciousness in recent years. Despite all the hype – perhaps partly because of it – investing in them can still expose us to serious risks. Last year, Australians lost A$2.74 billion to scams. Investment scams topped the list of ways we were fleeced,…
Are you faced with a problem? Psychologist Rick Hanson, senior fellow of The Greater Good Science Center of UC, Berkeley has studied something called negativity bias for years. He found that our brains are all hardwired for negativity. Negativity Bias is the habit of focusing on worst-case scenarios when we are confronted with problems. Our…
As I get older and wiser, I think there is a real problem going on in the world today. I feel like so many people walk around with a general sense of entitlement and it’s so damaging. This truth might hurt, but the world doesn’t owe you anything. That might sound harsh, but accepting that…
We’ve all heard what it takes to live longer – exercise more, eat well and don’t smoke. But, did you know that the state of your relationships plays an essential role as well? Julianne Hold-Lunstad of Brigham Young University has revealed some startling facts. She found that people with active social networks and support were 50%…
You’ve probably heard that most wealthy people own nothing in their own names, but control everything through structures such as a trust. If Australia’s richest people use trusts, maybe it’s something you should consider also. Did you know that trusts have been around since the 12th Century? The Lord Chancellor at that time could decide…
