All parents want to provide for their children and hopefully create wealth to leave to them and their children, too. These days, with higher property prices, many people also want to help their children financially so they can buy their first home or property investment. However, sometimes these desires outweigh practicalities, such as tax planning…
Why do we do the things that we do? What are the drivers behind our very existence? In 1943 American psychologist, Abraham Maslow threw a pebble in a pond by releasing his research paper titled A Theory of Human Motivation in Psychological Review. Commonly referred to as Maslow’s Hierarchy of Needs, his research paper theorized that there were five levels…
Money. I write about it a lot, don’t I? Yet there are many things in life that are far more important than how much money you have or the size of your investment portfolio. Sure money is important in those areas of life where money is important, but it’s not at all important in those…
The rich get richer. You’ve no doubt heard that soundbite many times. Is it true? The short answer is no. Still, those raised in wealthy households have a huge advantage over those raised in poverty. Advantages Better Education – Those raised in wealthy households generally live in wealthier neighbourhoods. These neighbourhoods typically have better school…
What if the government was doing everything it could to stop thieves making off with our money, except the one thing that could really work? That’s how it looks when it comes to scams, which are attempts to trick us out of our funds, usually by getting us to hand over our identities or bank…
Despite years of advocacy and progress, women in Australia continue to face significant hurdles when it comes to achieving equal pay. A new report by Finder, in collaboration with UN Women Australia, shines a spotlight on the challenges that persist and the attitudes that may be holding back progress. A nation divided: the gender pay…
![The Price of a Big Mac Across the World [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/04/save-money-270x200.jpg)
What can a Big Mac tell us about currency rates? As it turns out, quite a lot. The Big Mac Index, created by The Economist in 1986, started as a simple tool to make currency theory more digestible. Now, it’s a widely-known measure in popular economics to assess and compare currency valuations. In short, the Big…
I’ve been at this Rich Habits thing for 17 years now. I’ve written extensively about the habits parents need to instil in their children for them to grow up to be happy and successful in life. An easy measure of success is money, so you can’t dance around the reality that realising success also means,…
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…
