Australia’s total credit card debt attracting interest charges has risen for the fifth month in a row, as households across the country struggle to get on top of their credit card debt. According to the latest RBA credit card statistics for the month of April, the total credit card bill attracting interest on personal credit…
We all know how important childhood experiences are in shaping your beliefs as an adult. Of course, we’re not born knowing how to make money – so we learn it from our parents, teachers, peers, cultural community, etc. and this shapes our views for the rest of our lives. But I was fascinated to read…
Younger Australians in their mid-to-late twenties have significantly reduced their spending more than any other age group, according to the latest CommBank iQ Cost of Living Insights Report. In contrast, those over 65 continue to spend at rates above inflation. The report reveals that those aged 25-29 have cut their spending by 3.5% compared to…
In a world where a staggering 75% of will contests are successful, it’s clear that the final wishes enshrined in one’s will are not as final as they may seem. This rate of success tempts more family members to seek a greater slice of the inheritance pie. Legal actions for a share – or bigger…
Make sure to ‘die with zero’ for optimal happiness – that’s the idea behind Bill Perkins book – Die with Zero. In short, Perkins wants to rescue you from over-saving and under-living. So let’s dive into a challenging yet enlightening perspective on retirement, personal finance, and life priorities, inspired by Simon Kuestenmacher’s article in The…
Robert Kiyosaki’s Rich Dad real estate blog carried a great article giving some ideas about how to escape the rat race and develop financial freedom. While this was written some time ago and as you read them you may initially be surprised by the advice. On the other hand, if you’ve been following my philosophy of…
In the digital era, the job market is increasingly becoming a minefield – demanding and difficult to navigate. According to the Australian Bureau of Statistics, the number of job vacancies fell by 6.1% between November 2023 and February 2024. Every click on a job ad can either open doors to amazing opportunities, or plunge job…
Kick your debt problem to the curb once and for all with this step-by-step guide Are you sick and tired of credit card bills? Are you ready to discover how to get out of debt once and for all? If you want a permanent debt solution, then I have shocking news for you: debt is…
In 2017, Griffith University estimated Australians would pass on a staggering $3.5 trillion in wealth over the next two decades. It is estimated that around $10 billion is inherited every month in Australia, and the numbers are steadily increasing. Given these projections, it’s highly probable that many of you reading this blog will receive an…
At the moment, things look awful. The latest Bureau of Statistics count of retail spending (spending online and in shops) released Tuesday shows we spent less in April than in February. The Westpac card tracker, which tracks spending by Westpac customers, shows spending on essentials has fallen 1.6% since April. Spending on non-essentials (what Westpac…
