Do you think you’re paying way too much tax? Well, according to new research by Finder, millions of Australians think too much of their salary goes towards paying taxes. The survey with 1,004 respondents revealed almost 2 in 3 (64%) Australians – equivalent to almost 13 million people – believe they pay too much money…
Morgan Housel wrote a great column at Fool.com many years ago 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…
Household wealth rose for the fifth straight quarter (+2.8 per cent or $419 billion) in the December quarter of 2023, according to the latest figures released by the Australian Bureau of Statistics (ABS). Total household wealth was $15.7 trillion in the December quarter, which was 7.8 per cent ($1.1 trillion) higher than a year ago. Residential land…
When it comes to money, what we don’t know can hurt us. I’ve seen this truth play out time and again when people tell me they want to get serious about their finances. They want to invest. They want to make plans for the future. “Great,” I’ll say, “so what can you tell me about…
Money in the bank from households continues to climb with APRA’s latest data showing Australians collectively stockpiled an additional $6.17 billion in the month of February. This takes the total value of household deposits to a new record high of $1.46 trillion. APRA’s monthly banking statistics released today also show that since the start of…
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…
Put your hand up if you would like to be rich. Thought so. Now keep your hand up if you think that you can become rich. Not so many hands in the air. But for those who agreed with both statements: congratulations. You’re halfway to becoming wealthy because you’ve got the right mindset, which is…
When I began my Rich Habits Study, I wanted to know the answer to one question: why are some people rich and other people poor? Five years, and 51,984 questions later, I learned the answer – Habits. Habits dictate your circumstances in life. This is a truly groundbreaking discovery. Habits affect just about every aspect of your…
Who doesn’t love their children? We often quickly think of passing our assets to our kids on death. But do we really know who will actually receive them? This is a modern-day conundrum. We don’t know when we are going to die, and as such, do not know our children’s circumstances at that time. They…
On your deathbed, it’s too late to make wish lists. That’s the thought that went through my head high over the ocean, willing the plane to go faster as I rushed thousands of miles back to New Zealand to meet up with my gravely injured wife in the hospital near Christchurch. Let me back up….
