Let’s face it — managing money isn’t always intuitive. But the good news is, it doesn’t have to be complicated either. These seven simple yet powerful money lessons can shift the way you think about your finances and help set you on the path toward greater wealth and a more peaceful mind. So, let’s jump…
![Here are the 13 biggest differences between the rich and the poor [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2025/06/ChatGPT-Image-Jun-3-2025-02_15_37-PM-270x200.png)
What are the biggest differences between the rich and the poor? I don’t mean the fact that the rich have more money. There is a lot more to it than that. In fact, that’s why Michael Yardney wrote his international best selling book Rich Habits Poor Habits together with Tom Corley. Their aim was to…
Reason #1: Uncertain how to become rich In my five-year Rich Habits Study/Research, I learned something profound: There are 4 very specific paths to accumulating wealth: Saver/Investor Path – Save 20% or more of your income and consistently/prudently invest those savings. Big Company Climber Path – Working for a big company and climbing the ladder until…
Let’s start with a blunt truth: in 2025, Australian women are wealthier than ever, but they’re still significantly behind men. And that gap matters. Because wealth isn’t just about flashy lifestyles or living large — it’s about security, opportunity, choices, and resilience in the face of life’s inevitable challenges. And at the national level, it’s…
We like to think we’re rational human beings. However a few days ago I shared with you the concept that we are in fact prone to a group of cognitive biases that cause us to think and act irrationally, and this affects many of our investment decisions. Even thinking we’re rational despite evidence of irrationality…
Ok – it’s time to review the goals and resolutions we made in January. What is that saying about the best-laid plans? Planning is one thing, but on its own is really pretty ineffective. If you think about it, I can plan to take a nice holiday but unless I get on the plane, the…
Do you know what is so interesting about success? When I look at people around me who are ultra-successful — I mean, whether it’s in their business, their investments, with money, or in their physical health or maybe it’s in their relationships —it’s not that they’re any smarter. It’s not that they’re any more talented….
Rich Dad, Poor Dad was one of the first books I ever read on finances. I figured out about the book through a network marketing business I was involved with, though that didn’t really end well. I enjoyed the book. I felt like it changed my mindset – mostly the way I thought about money and college,…
In the world of property investment, your mindset can be your greatest asset—or your biggest liability. It’s not just about having the right strategies, the best properties, or even the perfect market conditions. While all these factors certainly play a role, the foundation of any successful property investment journey starts between your ears—with the right…
Do you want more money? Most Australians do. But for most their problem is not earning more money, it’s keeping the money they’ve earned. What are they doing wrong? Well… usually it’s their bad money habits that let them down, so here are 25 personal finance tips you should follow: 1. Start by paying better…
