Women are set to be the primary beneficiaries of Australia’s intergenerational wealth transfer, claiming about 65% of nearly $5 trillion by 2034, a groundbreaking report by JBWere published in the AFR reveals. This shift is fueled by factors such as longevity—women generally outlive men—and evolving divorce outcomes. Additionally, the ‘older daughter effect’ plays a significant role,…
Each of us has two distinct choices to make about what we will do with our lives. The first choice we can make is to be less than we have the capacity to be. To earn less. To have less. To read less and think less. To try less and discipline ourselves less. These are…
Do you dream of becoming wealthy and achieving financial freedom? If so, then you might have wondered why some people are able to reach their dreams and get rich while others seem stuck in the same rut forever. The fact is: many people will never get rich, despite their best efforts. However, having worked with…
People often ask me how I became successful in that six-year period of time while many of the people I knew did not. The answer is simple: The things I found to be easy to do, they found to be easy not to do. I found it easy to set the goals that could change my life….
Here is a good question to ask yourself … Where are you going? Ten years from now, you will surely arrive. The question is, where? We don’t want to kid ourselves about where; we don’t want to kid ourselves about the road we’re walking. At 25, shortly after meeting my mentor Earl Shoaff, I had…
When you set up a self-managed super fund (SMSF) you need to understand what it is, and also what it isn’t. Firstly, an SMSF is a trust and, like all trusts, it’s not a legal entity. Therefore the fund needs a trustee who makes decisions, opens up bank accounts, completes the tax return, and so…
I bet you made some New Year’s resolutions. Most of us did because resolve comes easily on December 31st. But give it a few weeks and many of the resolutions you made might already be in disarray, compromised, or abandoned. And the resolute determination to make this year the year that you stick to your…
Most people say wealth means a big salary with a lifestyle to match. Most people equate wealth to money, but that’s not how wealth works. You need a lot more than money to be truly wealthy. You need your health, your friends and family to share it with, you need personal growth, spirituality (this means…
Have you ever noticed how good we are at doing what doesn’t work? For some (OK, for me), it’s with our diet. For others, it’s relationships. For many Australians, it’s how they handle their finances. It’s interesting how otherwise intelligent people behave so foolishly and keep on doing what hasn’t worked for years. It’s like…
Money regrets – we all have some. We’ve all made financial decisions we would ‘undo’ given half a chance. It might be the under-performing property we wished we’d passed on or that great property we wish we had really chased. Given how important financial skills are to navigating life, and the fact that schools don’t…
