The coronavirus pandemic has pushed more Australians to use their phones and smartwatches for purchases. New data from financial broker firm Savvy shows that 46.5% of respondents have a digital wallet, and it’s only a matter of time before the take-up is as ubiquitous as smartphones themselves. The survey polled 1,003 Australians on their daily…
Personal Finance Tips
There’s no better time than the present to get your personal finance in order.
Building wealth certainly doesn’t happen overnight and as much as property investment is key, this all begins with how you manage your money.
These articles offer the best advice from finance industry experts so you can learn how to benefit from long-term monetary strategies.
Those struggling with poverty share some common traits. I call them the Poor Habits. I’ve written extensively about these Poor Habits. But, Poor Habits alone only tell part of the story. There are certain Pillars of Poverty that make poverty possible. Some are self-imposed, others external. In their order of relevance, below are the Pillars…
The Reserve Bank has today released its January 2021 credit and charge card data, revealing Australia’s spending habits have experienced a post-Christmas slump. Many Australians put their wallets away in January after an expensive holiday season, with the value of credit card transactions down $5.32 million from December, a 22 per cent decrease in original…
“Five percent of the people think; ten percent of the people think they think; and the other eighty-five percent would rather die than think.” — Thomas Edison One of the things that stood out from my Rich Habits Study was how important thinking was to self-made millionaires. I tracked ten different types of thinking habits…
A lot of people say they’re good with money. They say they have a gift for making it. That they love money and that money loves them. This may be true. But just because you like money and enjoy making it (that’s most of us) doesn’t mean you’re good with money. Those are two very…
If you’re anything like many people, you probably think your ticket to financial security is just a pay rise away. “If only I earned more money,” you think, “then I could get ahead financially…” But do you remember the last time you got a wage increase? Where has that extra cash gone? We all have…
Identity theft is costing Australians billions of dollars a year according to a recent analysis by Finder. Finder’s analysis of data released by the Australian Institute of Criminology (AIC) has revealed that the cost of identity crime in Australia reached a staggering $3.1 billion in 2019, a substantial 17% increase from 2016. Approximately one in…
We know that true wealth is much more than how much money you’ve got in the bank or how many properties you own. But you don’t have to look too far to see references to the top 1% of money earners and how disproportionate the distribution of wealth is. Among the many hard truths exposed…
Having grown up in a household where money was scarce, early on in my life I made a decision to learn about money – how to make it, how to save it, how to invest it and to be blunt…how to become rich. Over the last 5 decades I’ve read countless articles (and written thousands…
More than a quarter of Aussies admit to being less than truthful with their partners about money, according to new research by Finder. The nationally representative survey of 1,004 respondents revealed that more than 1 in 4 Australians (28%) has lied to, or been lied to by a partner about their finances. The survey found…