Imagine being taxed on the value of your assets even if you haven’t sold them. Sounds like fiction? Well, it’s not. It could soon be policy. Australia’s federal government has proposed a controversial new tax—one that could see unrealised capital gains on superannuation balances above $3 million taxed at 30%. Now, at first glance, this…
Smart property investors use all the legal tax rules to minimize their cash flow leakage and maximise their deductions. The government encourages property investors to provide accommodation for those who need it by offering them a range of tax benefits. While most investors know about the typical tax deductions, such as interest on loans, repairs and management fees,…
Why is there only a small percentage of rich people? Why are so many people poor? The experts are quick to point the finger of blame at a variety of causes: low wages, America’s shrinking manufacturing base, U.S. companies moving overseas, China stealing our jobs, illegal immigrants stealing our jobs, poor education, the rich exploiting…
Let’s face it — managing money isn’t always intuitive. But the good news is, it doesn’t have to be complicated either. These seven simple yet powerful money lessons can shift the way you think about your finances and help set you on the path toward greater wealth and a more peaceful mind. So, let’s jump…
Reason #1: Uncertain how to become rich In my five-year Rich Habits Study/Research, I learned something profound: There are 4 very specific paths to accumulating wealth: Saver/Investor Path – Save 20% or more of your income and consistently/prudently invest those savings. Big Company Climber Path – Working for a big company and climbing the ladder until…
Let’s start with a blunt truth: in 2025, Australian women are wealthier than ever, but they’re still significantly behind men. And that gap matters. Because wealth isn’t just about flashy lifestyles or living large — it’s about security, opportunity, choices, and resilience in the face of life’s inevitable challenges. And at the national level, it’s…
We like to think we’re rational human beings. However a few days ago I shared with you the concept that we are in fact prone to a group of cognitive biases that cause us to think and act irrationally, and this affects many of our investment decisions. Even thinking we’re rational despite evidence of irrationality…
Ok – it’s time to review the goals and resolutions we made in January. What is that saying about the best-laid plans? Planning is one thing, but on its own is really pretty ineffective. If you think about it, I can plan to take a nice holiday but unless I get on the plane, the…
Rich Dad, Poor Dad was one of the first books I ever read on finances. I figured out about the book through a network marketing business I was involved with, though that didn’t really end well. I enjoyed the book. I felt like it changed my mindset – mostly the way I thought about money and college,…
If you’re confused about cryptocurrencies, like Bitcoin and Ethereum, as an investment, you’re not alone. What you’re about to read is a property expert’s take on crypto, so I’m not sure if it’s worth more than your hairdresser’s take on physical fitness. I don’t profess to be an expert, but let me give you some…
