Want to become better with your finances? Well, you could do a lot worse than learning from my favourite author, Morgan Housel author of the Psychology of Money and whose blogs regularly appear on the Collaborative Fund. Over the next three days I’m going to share some of his best thoughts with you, so let’s…
Today I’d like to discuss a few things that never change in a world that never stops changing. And that’s because the things that never change are the most important things to pay attention to. However, change gets the most attention because it’s exciting, it’s surprising, it’s something that the media can comment on. I…
If you want to change your life, you must change your habits. Below I share some of the key habits to adopt for the new year along with some of the strategies to make habit change easier. Pick the ones you want and focus on them for one year. 1. I will pursue a dream…
So what will 2025 bring? According to Canstar, millions of Australians could see financial relief in 2025 with changes afoot aimed at easing cost of living pressures. S0 let’s look at 8 ways you may be better off financially in this new year 1. Rate cuts: While RBA cash rate cuts are not guaranteed, they…
Do you feel richer? There is no doubt that many Australians are suffering from a cost-of-living crisis but overall, Australia’s household wealth has reached new heights, with the average household net worth climbing to an impressive $1.58 million. This milestone secures Australia’s position as one of the top five wealthiest nations globally in terms of…
Imagine you’re part of a group of cavemen, walking through the tall grass in the Savanna on the hunt for your next meal. Suddenly, a member of your group catches a glimpse of a lion out of the corner of their eye. The member motions to the other members of the group. In a split…
One of the difficulties we face in our industrialized age is the fact we’ve lost our sense of seasons. Unlike the farmer whose priorities change with the seasons, we have become impervious to the natural rhythm of life. As a result, we have our priorities out of balance. Let me illustrate what I mean: For a farmer, springtime is…
Life is expensive. The cost of living seems to be increasing almost as swiftly as Sydney’s house prices, and it can be a struggle to keep your head above water financially, let alone prosper. But do you want to know the truth? Deep down, there’s usually a reason why you’re broke… and it’s often because you…
I just finished reading an article complaining about the rich. The author was upset at the fact that 1% controlled 82% of the wealth in the world. In the author’s mind, there was something inherently unfair about this. The author, like many who are not in the 1%, felt that the wealth the 1% created…
Without always knowing it, property investors are pre-programmed with a range of biases that may cause them to interpret information incorrectly and thus undertake sub-optimal investment decisions. Let’s discuss 9 of the key biases that Australian property investors must overcome… 1. Hindsight bias How many know-it-all commentators now confidently proclaim that the financial crisis and…
