During my five years studying the rich and the poor I identified 10 hard truths about the wealth gap that no politician or member of the mainstream media would dare reveal. In those five years, I asked 361 rich and poor people 144 questions each. That’s 51,984 questions. I wanted to find out what each…
Australians have long prided themselves on enjoying the good life—sun-soaked holidays, sparkling new cars in the driveway, freshly renovated homes, and indulgent weekends out. But underneath this polished surface, a troubling financial reality is emerging. A recent report from Finder paints a worrying picture: over 6.3 million Australians are falling into debt just to keep…
Success leaves clues, and over my 50 years in the property investment game, I’ve noticed some patterns. Whether you’re climbing the ladder in real estate or just trying to create a more financially secure future, there are key lessons that successful people live by. They’re not complicated, but they are powerful. Let’s dive into five…
Sometimes children can cut right to the chase with the questions they ask. A few years ago, I remember that after a particularly nice win on the share market, I rewarded my little boy by getting him a new computer game. He ran around the house like the excited seven-year-old that he is, and swept…
If you use your own car for work purposes, you could be eligible to claim a tax deduction for car expenses, whether you own your car outright, are leasing it or paying it off. The Australian Taxation Office explains that you can claim a deduction for car expenses if you use your car to: Perform…
There is no one perfect formula to achieve success, which is probably a disappointment for many people! Alas, too many people think they can simply follow one person’s individualised model of success and achieve the same stellar results. The issue with this idea is that everyone’s path can be very different because each person on…
You’d think that after 13 interest rate rises, the Australian consumer would be on the ropes, gasping for breath. But here we are, watching Aussies continue to spend like they’re in the ring with a featherweight, not a heavyweight. What gives? It’s a fascinating scenario that has defied all the economic forecasters who predicted an…
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life, I like to begin my presentation by asking the same three questions: “How many want to be financially successful in life?” “How many think they will be financially successful in…
If you’re like me, you like reading motivational quotes. I’m particularly intrigued by those of successful investors. Here are a few great ones… George Soros: Good investing is boring “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.” Howard Marks: Investing is about more than selecting…
If you’re anywhere near my age (I’m going to be 50 very soon), you know you need to be investing a sizeable portion of your income. Not should be. Need to be. There are plenty of reasons for this, not least of which is the uncertainty around how much money you’ll need when you’re done working. But there’s…
