What is standing between you and property investing success? It could be YOU! Maybe you’re too biased to be a successful property investor. What do I mean by that? Well…did you know that as property investors we can sometimes be our own worst enemy? It’s not because of the decisions we make, the opportunities we…
“Keep all your eggs in one basket, but watch that basket closely.” – Warren Buffett This is one of Warren Buffett’s most famous quotes. It is also one of the worst pieces of advice for anyone who is working on becoming rich. My dad inadvertently took this advice with his own financial empire, and in one…
Low supply, strong demand and high interest rates mean that it is harder than ever for Australians to buy property in the current market. High property prices mean many buyers, particularly first-home buyers, need a six-figure deposit at a time when their borrowing capacity is at an all-time low. And even for investors, the low…
Have you got the skills to make it as an entrepreneur? We all want the wealth and contentment that comes with great success, but the truth is, it takes a certain kind of person, with a certain skill set, to make it as an innovator. I’m not a believer in fate defining your fortune. We…
In my Rich Habits Study, 51% of the self-made millionaires were entrepreneurs, meaning they made their wealth by starting and running their own companies. Thanks to my Study, I not only learned what the rich did to get rich, but I also learned about all of their mistakes. And there were a lot of mistakes….
Recently I was considering the concept of limited resource thinking. It is often the case that a business may be held back by the owners having limited resource thinking. What exactly does this mean? A business owner may think they are unable to grow or expand because they have limited resources. Those resources may refer…
There’s a common saying that you should ‘begin with the end in mind’ – this is especially true for property investment. The problem is that too many investors begin their investment journey without considering what will be the best ownership structure. Without much thought to it, they put their entire portfolio in their personal name….
Even though we did not have much money growing up, my Dad always made sure our freezer was stocked with different types of ice cream: vanilla, chocolate, butter pecan, coffee, and a few others. What I found interesting was that my Dad would not pick one ice cream to put in a saucer. He’d have…
Will you stay in a relationship just to save on housing costs? Well, a Finder survey of 1,049 respondents revealed almost 1 in 5 (17%) have remained living with an ex-partner after breaking up due to affordability concerns. The research found that 4% – equivalent to more than 800,000 people – are currently living with…
I’ve heard the phrase “If only I knew that back when I was younger”, time and time again over the years. While it’s too late for many of us, understanding the personal finance tips we all wish we knew at age 18 might help the younger generations who are just starting out on their financial…
