Australia has always been an entrepreneurial nation, with small businesses as the backbone of the economy and the labour force. The Australian spirit of independence, a DIY attitude and the courage to give things a go are strongly demonstrated in the data. With lower trust in large corporations, and a rising generation with entrepreneurial ambition,…
Can you identify a tax scam? Well, new research reveals that almost a third of Australians fail to spot tax scams. CBA report that when multiple tax phishing scams were tested on Australians over the age of 18, only 69% could successfully identify all of them. Interestingly, nine out of ten believed they were confident…
Australia’s total credit card debt attracting interest charges has dropped for the first time in six months, as households finally start to reign in their burgeoning credit card debts. The latest RBA credit card statistics released for the month of May show Australia’s total credit card bill attracting interest charges is now $17.61 billion –…
The size of the average new owner-occupier mortgage in Australia has hit a record high, as borrowers sign up for bigger debts than ever before. ABS lending indicator data for the month of May, shows the average new owner-occupier mortgage clocked in at $626,055, the highest level in ABS records. This is despite the fact…
Life is an illusion. You transform the illusion of your life into reality through your thoughts. That illusion, or vision, is what nudges you to take actions that are consistent with the illusion. This ability to create an illusion is actually one of our greatest gifts or powers. All human beings have the innate power…
It’s quite common for one spouse to assume the primary responsibility for managing household finances. Naturally, if one partner possesses a natural inclination or proficiency in financial matters, it’s logical for them to take charge. While it may seem convenient for one spouse to handle these affairs, it remains crucial for the other spouse to…
What is your priority – health or wealth? Well, Aussies are putting their bank account ahead of their health and friendships, according to new research by Finder. The survey with 1,102 respondents revealed 2 in 5 (43%) have sacrificed something for more wealth and success. What have you sacrificed for a higher income/career success? Sleep…
Successful property investors, business people, and entrepreneurs share common traits. They also come from varied backgrounds and have achieved their success in different ways. But according to The Founder Institute, which tested more than 30,000 entrepreneurs to discover what qualities and priorities they had in common, it turns out that most successful people can be grouped…
Millions of Australians would prefer their inheritance to be distributed prior to their relative’s death, according to new research by Finder. A Finder survey of 1,062 respondents revealed more than 1 in 3 (36%) Australians – equivalent to 7.5 million people – expect to receive an inheritance over the coming decades. The research found 1…
If you want to change your life, you must change your habits. In my book, Effort-Less Wealth, I highlight which habits have the most impact on your financial life, and in my book Change Your Habits Change Your Life, I explain how to make habit change quick, painless, and permanent. Below I share some of the…
