Baby Boomers, who predominantly make up the current generation of grandparents, are having significant impacts on the economic landscape, showcasing their pivotal role in wealth transfers as they actively contribute to and shape the financial dynamics over the years ahead. The proportion of national population to proportion of national wealth across the generations highlights a…
Turn on the news and you’ll see plenty of people in hot water over mistakes they’ve made. There are some pretty powerful people out there, I’m sure you’ll agree, who make expensive and damaging errors every day. Now, I’m not saying that’s OK or that they shouldn’t take responsibility for what’s happened. But my point…
Successful people seem to be obsessed with success quotes. They love to throw them around wherever and whenever they can. Successful speakers love to use quotes as do successful authors. Success and quotes go together like beer and pretzels. So, I thought I’d share some of the quotes I’ve accumulated from interviewing self-made millionaires, from…
Australia, along with the rest of the world, is on the cusp of the largest intergenerational wealth transfer in history. Termed as the “great wealth transfer,” we’re looking at an eye-watering US$68 trillion (A$100.2 trillion) moving hands globally over the next 20-30 years. This shift, predominantly from the baby boomer generation, is not just significant…
Money in the bank from households has fallen for the first time in a year, recording a sizable $11.5 billion drop in just one month. This is just the second drop in household deposits since the start of the rate hikes, according to the latest APRA monthly banking statistics for June 2024. That said, money…
A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures…
![These 5 biases could be standing in your way of investment success [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/05/45437255_l-270x200.jpg)
What is standing between you and property investing success? It could be YOU! Maybe you’re too biased to be a successful property investor. What do I mean by that? Well…did you know that as property investors we can sometimes be our own worst enemy? It’s not because of the decisions we make, the opportunities we…
TV Preacher Mike Murdoch came out with a corker of a quote. He said that he wants you to have a debt-free home. Not one that you humbly downplay and meekly present. But “one your enemies can’t stop taking pictures of!” Negative experiences and negative people, tend to avoid at all costs. Personally in my…
We’ve all heard about to-do lists. The best to-do lists incorporate daily activities that help move you forward in life towards accomplishing your goals and realizing your dreams. But you probably never heard of a to-don’t list. A to-don’t list is equally as important as a to-do list. A to-don’t list includes things you should never…
I was 24 when I took my first flight on a plane. Growing up poor didn’t give me much opportunity to travel. In fact, it wasn’t until I started my career as a CPA that I realized how much I had missed out on. At Arthur Anderson, I flew for the first time to Chicago….
