Too many people consider life as a game of Monopoly. They think they can gamble on property, or the share market, without the right knowledge or advice. But unlike the famous board game, there is no miraculous pot of money in real life that we can dip into whenever we need it. Launching yourself into…
Taking control of your personal finances and getting rich is simple, but it’s not easy. And that’s not a play on words. It’s simple if you know how, but not easy because of our bad money habits. New York Times columnist, author, and financial planner Carl Richards regularly had his articles published on Property Update. I asked him…
Why do I suddenly owe tax this year? This is one of the most Googled questions in Australia right now. And rightly so. Ever since Australia’s transition to self-assessment for income tax returns, we have been primed to expect an annual refund. That’s by design. Thinking we will get a refund acts as an incentive…
Do you remember learning to drive a car? You probably fumbled around for the controls, checked every mirror multiple times, made sure your foot was on the brake pedal, and then ever-so-slowly rolled your car forward. Fast forward to now and you’re probably driving places and thinking, “How did I even get here? I don’t…
How much are you spending on your self-care routines? Well, according to the latest research from Finder, Aussies are spending a small fortune on their physical appearance despite the cost of living crunch. In fact, the survey of 1,073 respondents revealed that 2 in 5 (41%) – equivalent to 8.3 million people – indulge in…
Household wealth rose for the third straight quarter. Yes, it is up 2.6 per cent ($379 billion) in the June quarter of 2023, according to the latest figures released by the Australian Bureau of Statistics (ABS). Dr Mish Tan, ABS head of finance statistics, said: “Household wealth has grown alongside increasing house prices this year….
By the end of 2023, the world economy is expected to have a gross domestic product (GDP) of $105 trillion, or $5 trillion higher than the year before, according to the latest International Monetary Fund (IMF) projections from its 2023 World Economic Outlook report. In nominal terms, that’s a 5.3% increase in global GDP. In inflation-adjusted terms,…
Without a doubt, self-confidence is one of the most important traits that most people want to possess. When people from all generations were asked which is the biggest issue that humans face on a daily basis, the answer was obviously “self-confidence”. I’ll explain why this might be obvious: Self-confidence is linked to so many other…
Financial stress is affecting us in many different ways. Some people are struggling to pay bills, feed the family, or maintain a place to live. Others are meeting their basic needs but are dipping into their savings for extras. Financial stress is increasing and, understandably, is causing some distress. In recent months, Lifeline has seen…
The world of finance is ever-changing, and last year – 2022 – was no exception. The latest UBS Credit Suisse Global Wealth Report reveals some shocking statistics about Australian millionaires, and as someone who’s been watching these trends for years, it’s a revealing snapshot of our financial landscape. A Shrinking Pool of Wealth The UBS…
