Are you wanting to build a higher level of Wealth, but feel you are being held back? I know many people certainly feel that “if only” they were able to jump a pay grade and achieve a higher salary, it would be so much easier. In my experience, people seem to think that the most…
The topic of financial health is one that many Australians put off for another day. So much so that the number one financial regret of Australians is not prioritising their financial health earlier in life. Most Australians do not have much saved up for a rainy day. More than half of Australians (53%) have $5,000…
Over the years I have seen many people think about getting rich, proclaiming affirmations, visualizing and meditating yet they don’t get rich. Let’s be realistic… to get ahead in the real world you have to take action. Why is it that most people don’t take action? Sometimes it is a lack of knowledge, but more…
This statement contradicts just about every evolutionary instinct we possess. We tend to seek out safety and avoid risk whenever possible. A classic example has to be the instinct that (still) tells us we are safer staying with the group. If members of the herd stray, they are easier for predators to pick off. Staying…
I have a question for you. Now, this will work best if you grab a piece of paper, and write out your answer. Here’s the question: Why is your money invested the way it is? Before you go on, write down your answer on that paper. I’ve had a blast with this question over…
When most think of wealth, they think about money. The thinking goes, the more money you have, the wealthier you are. But wealth is about much more than money. True wealth is measured by how much freedom that money buys and how much fulfillment you have in your life. Money can buy you freedom, permitting…
Recent data from the Australian Bureau of Statistics (ABS) reveals a 0.6% rise in the Consumer Price Index (CPI) for the December 2023 quarter, marking the slowest quarterly increase since March 2021. This brings the annual inflation rate down to 4.1% from 7.8% in 2022, hinting at a potential pause in the Reserve Bank of…
Do you feel rich? Well, the average Aussie says they’d need to earn a significant amount of money to feel rich, according to new research. A recent Finder’s survey revealed the average Australian wouldn’t consider themselves affluent until they were earning $345,819 per year. That’s almost 5 times greater than the average personal income of…
A few years ago, a friend of mine who happens to be a really well-known journalist had a conversation with a really well-known academic. Because the conversation was private, I’m not mentioning names. But I did want to share one fascinating part of their discussion. They were talking about cognitive biases A cognitive bias is…
According to A well-known study, conducted in 2013 by PEW Charitable Trusts, 70% of those born and raised in poverty, remain poor as adults. And this “cycle of poverty” continues generation after generation. Why? Inferior education, absentee parents, toxic stress, poor nutrition, few, if any mentors and a lack of opportunities are all blights inflicted upon…
