Australia’s total credit card bill attracting interest charges has dropped for the second time in nine months to a total of $17.73 billion. This is despite the fact the number of credit card accounts rose for the ninth month in a row, to a total of 12.6 million, according to new RBA data released today….
Your daily habits are the reason you are rich, poor or stuck in the middle class. They are the reason you live in the house of your dreams or a shack. Forty per cent of all of your daily activities are habits. This means 40% of the time you’re on autopilot, every day. Habits save…
If there’s one question I’m asked almost as much as which property should I buy, it’s this one: How long before I become rich? It’s human nature to want to discover the secrets of other people’s success. It’s also human nature to wonder, in the midst of all the hard work, how much longer you’ve got…
Stand by for one of the most important decisions Treasurer Jim Chalmers and the Albanese government will make. That decision is to commit future governments and the Reserve Bank to full employment, and, more importantly, spell out what that means. The Australian government hasn’t wholeheartedly and publicly committed itself to full employment since the 1945…
“Five percent of the people think; ten percent of the people think they think; and the other eighty-five percent would rather die than think.” — Thomas Edison One of the things that stood out from my Rich Habits Study was how important thinking was to self-made millionaires. I tracked ten different types of thinking habits…
More Australians are currently saving for a major expense or purchase than they were last year, according to new research from Canstar. Their survey of over 9,500 Australian adults found 71% were currently saving for a big purchase or expense. This is an increase from 66% last year and comes at a time when the…
![Financial Management – The 5 Jar Method [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/02/Housing-finance-270x200.jpg)
How well we manage our money is more important for our financial well-being than the size of our income. You see…the default for most of us is to pay for whatever we need to pay for and then “save” the rest. This is not a sound financial plan. Most Australians live paycheque to paycheque. While…
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,…
