With cost of living pressures top of mind, new consumer research released by Commonwealth Bank reveals Australians are looking to reduce expenses, increase savings and lift their incomes as part of their New Year’s resolutions. The research highlighted: 9 in 10 (93 per cent) Australians have a financial goal for the New Year 1 in 2…
![Build Your Wealth Like the Most Successful Building Tycoons [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2015/07/blox-hi-res-270x200.jpg)
Every day, we pass through buildings, hop aboard trains, drive across highways, and traverse structures in our lives without stopping to think about what it took to build them. The developers behind these structures aren’t just expert architects and engineers — in many cases, they’re multi-billionaires who’ve not only built some of the most impressive…
A few weeks ago, I discussed the limitations of using monetary policy – increasing interest rates – to tackle inflation. I highlighted that only 37% of Australians have mortgages, so they are the only ones that are directly affected by higher rates. Conversely, around 30% of Australians without mortgages benefit from higher interest rates as they earn…
Today, I want to talk to you about your worries. After all, who doesn’t love worrying? Thousands of years ago, it was part of what kept humans alive. Is that a lion in the bushes? Was that a tiger? Nine times out of ten, there probably was no large-toothed animal about to pounce. But worrying…
If there’s one thing I’ve learned in my many years of business, it’s that change is the one constant. Just when you think things are settled, something will happen to upset the apple cart. Investors and entrepreneurs may think this is only happening to them, and that it’s their bad luck. It’s not. It’s the…
I’m going to assume for a minute that you’re one of the millions of people who have a recurrently frustrating relationship with spending. It probably starts with a commitment to sticking to your budget, and you do for a few days. Then, despite your resolve, you break down, pull out the credit card and do…
What has been the single greatest obstacle stopping you from becoming financially free? Why do I ask? Well… a few weeks ago at a private client function I was conducting I had the good fortune to have conversations with a number of our Wealth Retreat graduates. I was talking with them about their experiences since…
We have all heard the saying that a fool and his money are soon parted. I know some smart reader will think – “ How did the fool get his money in the first place? But putting that aside, you’re likely to have come across a few people who despite having the trappings of being…
Are you an optimist or a pessimist? That’s an important question because pessimism is a recipe for failure. A paper published by the University of Cologne in Germany in the May 2015 Journal of Personality and Psychology, in which more than 68,000 Americans and Europeans were studied, found that pessimism causes poverty. The study noted…
Sixteenth-century astronomer Galileo Galilei stood on the shoulders of 15th-century astronomer Nicolaus Copernicus when he proved through his own experiments that Copernicus’ sun-centered theory was correct. Sir Isaac Newton, considered the father of physics and calculus, stood on the shoulders of Copernicus, Galileo and Rene Descartes. Albert Einstein stood on the shoulders of Galileo, Copernicus,…
