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…
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…
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…
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life, I always begin my presentation by asking three questions: “How many want to be financially successful in life?” “How many think they will be financially successful in life?” Almost every…
What lies ahead in the next 10 years? This is a question frequently pondered by those involved in the realms of government and business, particularly as Australia’s population undergoes growth and change. Monitoring the latest population trends and their societal implications is of great importance. According to the Australian Bureau of Statistics national population report,…
Cash-strapped Aussies are turning to gambling as a ‘quick fix’ as expenses spiral out of control, According to new research by Finder almost 1 in 5 Australians (18%) have increased their gambling habit over the past year. That’s 3.6 million Aussies who have upped their spending on everything from powerball to pokies. The research found…
As new policies, prices, thresholds and eligibility criteria move into the new financial year, a raft of changes is coming into effect from the 1st of July. From young Aussies looking to buy their first home to retirees dependent on the pension, these new rules will have some pocketing more dollars, while others are forced…
