With all the financial changes we’ve encountered in the last 12 months, how do Australian households cope? Well, according to a new report by Compare the Market, 61% of Australian households are only just getting by as prices soar across the board. Interestingly, more than a quarter of Aussie adults (26.3%) admit that their savings…
There’s a saying that the definition of insanity is doing the same thing many times and expecting different results. If you make a mistake or have a negative experience and you return to that same situation hoping for a different outcome, then you are doomed to failure (and misery.) So much of the drama that…
Parents serve a very important, basic function in society – they turn children into functioning adults. This is a critical function because without it, society would fall into utter chaos. But if you want more for your children, you must become more to your children, than a parent. You must become a success mentor. About…
“All things are difficult before they are easy.” – Thomas Fuller The path towards success is like climbing a never-ending flight of stairs. Each step is another obstacle to overcome. Each step is another mistake to learn from. With each step, another closed door opened. It requires a warrior mindset. When you have a warrior…
Running your own business can be a solitary game. The buck stops with you, and sometimes it seems there are few to who you can turn. There isn’t a team of others to consult with for advice or support. In the current uncertain environment, not having a clear path can be daunting. I know this…
Estate planning is different for everyone and especially in today’s modern environment of potentially blended families. So, with more people remarrying, it’s critical to prepare for the distribution of your wealth upon your passing. While you are alive, the estate planning process allows you to manage and preserve your wealth for those you will one…
A number of years ago one of my favourite columnists, Morgan Housel wrote a great piece 122 Things Everyone Should Know About Investing and the Economy Here are 25 great thoughts Saying “I’ll be greedy when others are fearful” is easier than actually doing it. When most people say they want to be a millionaire,…
There’s no right or wrong way to bring up your kids. I bet you’ve looked at some of your friend’s children and considered them spoilt brats. Well, research by Roy Morgan found children who have all the toys they want are more likely to grow up to want money, not happiness. The New Daily report…
I spent five years studying the daily activities of wealthy individuals. I learned so many things that I’ve spent the better part of seven years sharing that information to help those who were struggling financially pull themselves out of the abyss that is poverty. I’d like to share some of the myth’s about money I…
Australians continue to face the pressures of higher costs of living, particularly with credit card spending. In fact, Australia’s total credit card bill has climbed for the second month in a row to $17.77 billion as households reach for the plastic to make ends meet in the face of rising costs. The latest RBA statistics…
