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.
It can be tempting when you run your own business or are working hard to get ahead to say yes to every opportunity. You fear that turning something down will mean you won’t achieve your long-term goal, and as the old Australian saying goes: a bird in the hand is worth two in the bush….
Cash might be headed the same way as the Tasmanian tiger according to Finder.com.au A recent survey of 1,000 respondents revealed that 23% of Aussies – equivalent to 4.4 million people – no longer carry cash. Kate Browne, personal finance expert at Finder, said as we become a cashless society, the need for wallets may…
This statement contradicts just about every evolutionary instinct we possess. We tend to seek out safety and avoid risk whenever possible. A classic example has to be the instinct that (still) tells us we are safer staying with the group. If members of the herd stray, they are easier for predators to pick off. Staying…
How will you know when you are rich? How much money is enough? When I was young I wanted to be a millionaire by the age of 30. One million dollars was a lot of money then. By the way… I didn’t make it – I wasn’t a millionaire by 30, but I did own…
Rich or poor, there are four common spending mistakes that sap your wealth. The key to growing and maintaing your wealth is avoiding these spending mistakes. Want Spending Want spending is buying what you want, when you want it, without considering the consequences. Want spending is driven by envy, an emotion that is fueled by…
Ever heard that saying that everyone has a novel in them? Well, I reckon there’s also a Big Business Idea in most people and it just takes some people a bit more time to get around to it. The older you get, naturally, the more experienced you become, and this gives you great insight into…
Forty-one percent of the 177 self-made millionaires in my Rich Habits research study were raised in poor households. Yet, somehow they managed to break out of their poverty as adults. How? In my book, Change Your Habits Change Your Life, I shared the many wealth-building strategies/habits these future millionaires adopted, which was critical to their success and building…
Charles Koch is a multi-billionaire. Charles and his brother David took over their father’s business and transformed it into the largest privately held company in the world. He was recently asked in a Time Magazine interview about what he attributes his enormous success in life to. Charles responded that if it were not for…
Debt sounds like such a bad word, doesn’t it? The thing is there is good debt and bad debt. Good debt makes you money – such as a mortgage on an investment property. You’re technically using other people’s money to create wealth through capital growth. On the other hand, bad debt costs you money –…
A recent national survey has found that not only are many households feeling worried about their wealth, many people live from pay cheque to pay cheque. ME’s latest Household Financial Comfort Report has revealed that Australian households are feeling overall worse about their net wealth, jobs, income and living expenses due to further residential property…
Copyright © Michael Yardney's Property Investment Update | Important Information
