Australia’s wealth landscape is undergoing a significant transformation. The number of high-net-worth individuals (HNWIs) is on the rise, and a substantial intergenerational wealth transfer is underway. These shifts present both opportunities and challenges for wealth management, estate planning, and economic equity. The surge in high-net-worth individuals High net worth individuals (HNWI) in Australia are worth…
What drives you to build wealth? If I deposited $10 million in your bank account today, what would you do differently tomorrow? Do you think money will solve any (or all) of your “problems” and/or fulfil all your dreams? The answers to these questions will reveal how you think about money. And how you think…
The Federal Treasurer, Jim Chalmers, has publicly acknowledged that both state and federal budgets are under unsustainable pressure. He’s been clear that achieving budget sustainability cannot be done without both raising taxes and cutting spending. Chalmers has also spoken about the need to reduce our reliance on income taxes. Australia absolutely needs tax reform – reform that supports economic…
The strength of Australia’s economy is due to its small and medium businesses. In fact, there are more than two million of them in Australia, who collectively employ a huge number of people. So, clearly, their importance to the overall health of our national economy cannot be overstated. However, one of the issues that small…
Have you ever noticed how some people seem to build wealth effortlessly while others constantly struggle, even with higher incomes? It’s not always about how much you earn, but how well you understand money. And the truth is, many of the principles that lead to lasting financial success are simple, but far from easy. Morgan…
The concept of ‘living within your means’ used to be a simple way of life. In years gone by, credit cards and personal loans were much more difficult to obtain, so there was really no other option. Today, however, we live in a society that offers easy access to unsecured credit. With the average Australian…
Choices and decisions can make or break a business, career or relationship. One or two bad decisions can and often are forgiven. But those who frequently make poor choices and decisions either go out of business or find themselves on the unemployment line. I’ve learned from my Rich Habits research that, more often than not,…
There’s a quiet financial undercurrent running through many Australian households – one that isn’t being talked about enough. According to fresh research by Finder, over 8.8 million Australians – two in every five adults – are banking on an inheritance to improve their financial future. Some are even depending on it. Yes, you read that…
There’s a common saying that you should ‘begin with the end in mind’ – this is especially true for property investment. The problem is that too many investors begin their investment journey without considering what will be the best ownership structure. Without much thought to it, they put their entire portfolio in their personal name….
![How 6 famous billionaires failed before succeeding [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2025/07/ChatGPT-Image-Jun-19-2025-12_40_51-PM-270x200.png)
“Will I ever succeed?” That’s a question that we all have. No matter how far we’ve come, there’s always more to learn, more to invest, and more to achieve. Why do we even have such doubts? If we try harder, we’ll definitely succeed, no? Well, it’s not that easy. There’s another option to the coin:…
