In the current property market, where interest rates are relatively high and borrowing capacity is reduced across the board, the last thing you want to do is shave any more off of your borrowing power. After all, even as an investor, the last thing you want to hold you back from securing an additional asset…
We all want to be financially secure. And many of us are prepared to put in the hard work to make it a reality. However many people seem to encounter roadblock after roadblock on their path to financial freedom and the main issue is often their own bad habits. But it’s never too late to…
Becoming a successful entrepreneur is not easy. I spent five years studying 177 self-made millionaires Rich Habits Study – Background on Methodology and I have to say, they are among the most courageous, fearless individuals I have ever met. They put everything on the line. They took enormous risks in the pursuit of their dreams. Success…
Having grown up in a household where money was scarce, early on in my life I made a decision to learn about money – how to make it, how to save it, how to invest it, and to be blunt…how to become rich. Over the last 5 decades I’ve read countless articles (and written thousands…
![29 Psychological tricks that vendors use to make you buy more [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/08/property-2-270x200.jpg)
Have you ever suffered from buyer’s remorse? You’re not alone. At any point in our lives, most of us have regretted a purchase. You know… that impulse purchase, or buying something online when you’re bored and stuck at home because of Covid19. But it’s not necessarily your fault. After all, we’re constantly bombarded with advertisements…
There are more than 600,000 self-managed super funds (SMSFs) in Australia controlling more than $700 billion – so on average each fund holds more than $1.2 million – and many people who set up an SMSF do so to have greater control over their investments and operating costs. And it makes sense given that so…
“You’ll be exactly the same person five years from now except for two things: the people you meet and the books you read.” American speaker, Charlie ‘Tremendous’ Jones, delivered this nugget from a stage in Sydney 25 years ago. The takeaway was clear — if I wanted a great life, I had to meet better…
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…
