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.
Were you a good saver when you were I child. I know I wasn’t, but maybe things have changed? New research from the Roy Morgan Young Australian Survey reveals that nearly 77% of kids aged 6-13 have money saved up . 79% of girls have savings, compared to 75% of boys. However, boys on average…
It’s a sad reality that our society seems to be more litigious than in years gone by. Thankfully, we’re not in the same parlous state as America, but there is a greater chance than before that you could become involved in legal proceedings that threaten your wealth creation efforts. While that might seem like a…
Morgan Housel wrote a great column at Fool.com where he explains that people usually get better at things over time, but there’s something about money that gets the better of us. It’s one of the only areas in life we seem to get progressively dumber at. He then outlined 77 Reasons You’re Awful at Managing Money….
Things happen. The car breaks down. The roof springs a leak. We can’t predict these one-time events. But we can predict that something will happen — eventually. Our job is to plan for when eventually happens, and we can do so by setting aside a little money each month to help offset these one-time events….
What secrets about managing money do the rich know that the average person doesn’t? I spent five years trying to answer that question. I asked 233 millionaires 144 questions and discovered the rich have certain very specific money habits that were instrumental in helping them accumulate their wealth. 1. Know Where Your Money is Going…
Building wealth is simple. It doesn’t require luck, genius, or special connections. You don’t have to attend overpriced weekend financial seminars or learn the latest tricks and gimmicks sold by slick marketers. As John Bogle wisely stated, “The secret is there are no secrets.” The truth behind how to build wealth is public domain knowledge,…
I write a lot about the cycles of investment and the importance of playing the long game. Short-term thinking is what kills a lot of investors and stops people from ever becoming financially successful. And tough times are interesting times. What do I mean by that? Well, it tough times that sort the wheat from the…
You may think that being good with money is something that you’re born with. Like being good at English or sports, perhaps you see it as a skill that some people just happen to have. I think this is a dangerous assumption, but, unfortunately, it’s one that many parents make about their kids. They categorize…
How much do you help your children financially? And I don’t mean when they’re young and can’t fend for themselves. How much do you help your adult children financially? According to finder.com.au, more than 5 million Australian parents are helping their adult children financially’. Their new survey found one in six (61%) parents – equivalent…
I’m a huge advocate of the “no shame, no blame” rule when it comes to money. But I think there’s some confusion about how the rule works. It’s not that you won’t feel guilt. It’s also not about avoiding responsibility. Instead, it’s about recognizing the zero-sum game of relying on shame and blame to make better money…
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