Here are some interesting facts… The first car was invented in Germany in 1886 where there were no proper roads, no petrol stations, and it was against at the law. But Karl Benz launched it anyway. Amongst 50 of the greatest pieces of music ever created, six belong to Mozart, five are Beethoven’s, and three…
The interest rate hiking cycle might have peaked, but it’ll be some time until rates drop, borrowing capacity increases and Australia’s property market reopens to more first-home buyers. So it’s no wonder that housing affordability (or unaffordability) is such a popular topic at the moment. There’s no denying it has become a lot harder to…
As a CPA, I’ve been advising wealthy individuals on money matters for more than 30 years. Plus, I spent five years studying the money habits of the rich. In my CPA business and from my research, I’ve documented a few common money blunders even smart, wealthy individuals make. You would think they’d know better, but…
Australians tucked an additional $6.53 billion away in the bank in May as household deposits continued to hit record highs. The total amount saved in the bank from households is now $1.481 trillion – the 11th consecutive record high, according to the latest APRA monthly banking statistics. This means household deposits have risen by over…
In my five-year study of the daily habits of the rich and poor, I discovered that there are two extreme types of relationships: Helpful Relationships and Toxic Relationships Helpful Relationships help lift you up in life and are always happy, optimistic, grateful, enthusiastic, open-minded, life-long learner types who help elevate your chances for success. Toxic…
Recently the Australian Taxation Office sent around a bulletin busting 5 common tax myths. Did you believe any of them? Myth 1: Investors can claim travel expenses to visit their residential investment property. Since 1 July 2017, investors can’t claim travel expenses to check on their residential investment property. This includes long and short-term rentals,…
A well-known study, conducted in 2013 by PEW Charitable Trusts, found that 70% of those born and raised in poverty, remain poor as adults. This “cycle of poverty” continues generation after generation. This data flies in the face of the notion that, at least in America, anyone can become financially successful so long as they…
Becoming a successful entrepreneur is not easy. I spent five years studying 177 self-made millionaires and I have to say, the entrepreneurs in my study were among the most courageous, fearless individuals I have ever met. They put everything on the line. They took enormous risks in the pursuit of their dreams. If you want…
Wondering what the Oracle of Omaha has his money invested in? In this graphic, we illustrate Berkshire Hathaway’s portfolio holdings, as of Q1 2024. This data was released on May 15, 2024, and can be easily accessed via CNBC’s Berkshire Hathaway Portfolio Tracker. The value of each position listed in this graphic is based on market…
No matter what age or stage of life you’re in, it’s valuable to understand how much money is needed for retirement. Because when the time does come, we all want to ensure we have the opportunity to live the best life possible. Here’s a breakdown of the average retirement income in Australia, how much money…
