The concept of ‘living within your means’ used to be a simple way of life. In years gone by, credit cards and personal loans were much more difficult to obtain, so there was really no other option. Today, however, we live in a society that offers easy access to unsecured credit. With the average Australian…
The topic of inheritance is often shrouded in a cloud of complexity and misconception. Many people think that sophisticated estate planning tools like testamentary trusts are only for the wealthy elite. However, this couldn’t be further from the truth. With rising divorce rates and the increasing complexity of modern families, testamentary trusts and other estate…
Australia is at the precipice of a monumental shift in property ownership, thanks in large part to an aging population. The Baby Boomer generation is aging, and with that will come a massive transfer of wealth. Bernard Salt wrote an insightful column in The Australian – “Get ready for Australia’s great home inheritance avalanche,” suggesting…
Inflation cooled in November, as a wave of retail discounting helped ease the pressure on household budgets during the holiday period and bolstered the case for the Reserve Bank to hold interest rates steady next month. However, a hike is by no means off the cards. ABS data released this week shows headline inflation dropped…
A lot has been written about the good fortune of ‘baby boomers’ in that, overall, they have enjoyed a long period of economic, share market, and property market prosperity. Whilst they haven’t enjoyed the full benefit of compulsory super (which only began in 1992), other assets such as property have certainly compensated for that. This…
What has been the single greatest obstacle stopping you from becoming financially free? Why do I ask? Well… at the end of last year at a private client function 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 attending…
There are two schools of thought that people fall into. Each school of thought was programmed into you by your parents, teachers, mentors or your environment. One school of thought leads to poverty and the other to wealth: Poverty School of Thought: I Am Not Responsible for My Life Circumstances – AKA Victim Mindset Wealth…
Did you catch the first 2 parts of these amazing money lessons from Morgan Housel, author of the Psychology of Money, whose blogs regularly appear on the Collaborative Fund? If not, please read them here: Part 1 Part 2 And today, we continue further with another 13 lessons from this inspirational author. 1. A good…
Did you catch yesterday’s blog with 13 amazing money lessons from Morgan Housel author of the Psychology of Money and whose blogs regularly appear on the Collaborative Fund. If not, please read it here. And today I hope you enjoy a further 13 lessons from this inspirational author, who I believe in time will be…
Some say that Australia has an ageing population crisis, with 558,000 Australians now aged 85 years… and in 13 years that’s expected to hit 1 million. And that means there will soon be billions, if not more, of dollars transferred to our younger generations. The problem is, many of these heirs aren’t prepared, and a…
