Young Australians who would have once been locked out of homeownership are increasingly relying on the so-called Bank of Mum and Dad to get a deposit or to guarantee a bank loan. The Bank of Mum and Dad has become so large as a home loan enabler that the Productivity Commission says if it was…
Since 2004, I’ve devoted a significant amount of my time to researching habits. One of the questions I get asked by the media often is: Are there differences between the habits of men and women? The answer is always Yes. From my research, I’ve identified certain habits that separate men and women. Here’s a sampling…
I’m going to get a little philosophical here. Bear with me. There’s an important point I’m trying to make. There are two opposing schools of thought that divide mankind. School of Thought #1: Self-Determination Drives Life Circumstances School of Thought #2: Predetermination Drives Life Circumstances Those who subscribe to School of Thought #1 believe we…
We only have so many hours in the day so why do some people spend it on tasks that won’t enhance their happiness or lead to success? Baffling, isn’t it? Lots of people work hard. They burn the midnight oil, put in long hours on group projects, or evenings catch up on email. They’ll often…
I spent five years researching the daily habits and lessons that self-made millionaires learned from their non-millionaire parents. I share all of these habits and lessons in my book Rich Kids but thought I’d share with you ten of the most important ones: Success Habit #1 – Continuous Self Education 30 minutes a day of reading…
Receiving an inheritance can be a life-changing event, but also one filled with heightened emotions and uncertainty about the implications on your financial future. While receiving a lump sum of money can be a great opportunity to strengthen your finances, the sudden increase in your wealth also requires some careful consideration and planning. So, whether…
During your career as an investor, you’ll no doubt read at least a few books from various experts who’ve all created wealth through a proactive property investment strategy. One of the names you’ve probably come across is Robert Kiyosaki, celebrated author of the Rich Dad, Poor Dad series that’s inspired and assisted many an investor…
One of the most revolutionary and groundbreaking discoveries I made in my five-year Rich Habits Study, was the fact that there are Four Paths to Wealth. I cover these paths in more detail in my new book, Effort-Less Wealth, but here’s a snapshot: Saver/Investor Path Big Company Climber Path Virtuoso Path Dreamer/Entrepreneur Path What makes this discovery…
Australians rely on plastic to get through to payday. In fact, more than one in three credit card users are carrying around debt after they pay their bill each month, contributing to the estimated $3.15 billion lenders have collected in interest charges over the last year. This according to a RateCity.com.au survey of over 1,500 credit…
Being good with money is a skill you can learn. Some people complain they aren’t very good with finances — they argue they don’t have a head for numbers — but I believe everyone can become wealthy if they know how. Part of it comes down to smart investments, sure, but the other, equally important part,…
