Over the past 20 years, the US share market has risen 5-fold, the Australian share market 5.4-fold, and Australian property 4.2-fold. That means if you invested half a million dollars 20 years ago, in either shares or property, it should be worth between $2 and $2.5 million today. You’d have even more money if you…
A fish rots from the head down. What this means to me is that poverty begins and ends in the mind. According to my Rich Habits Study, most of the rich (76%) are born into either poverty or the middle class. According to the 2016 Wealth X Census, 75% of the rich are born into…
Well, more Aussies are working more to try to ease financial stress. In fact, a new Finder survey of 1,078 respondents revealed 1 in 4 (24%) – equivalent to 4.8 million people – are being forced to take on additional employment, work longer hours or come out of retirement to make ends meet. The survey…
They say men are from Mars and women are from Venus, and it’s certainly true that when it comes to securing their financial future, the two sexes are worlds apart. While men seemingly have little difficulty pursuing wealth and success, societal norms and distorted perceptions often see women taking a backseat in this arena, to…
If you’re still waiting for a friend to pay your back, you’re not alone, according to new research by Finder. This survey of 1,085 respondents revealed 1 in 4 Aussies (24%) – equivalent to 4.8 million people – are owed money by a friend. The research shows gifts (6%), splitting a bill at a restaurant…
For the first time in six months, the amount of credit card debt incurring interest has decreased, but the total balance of $17.73 billion is still wreaking havoc on the finances of many Australians. The RBA’s latest data reveals that the total debt attracting interest charges has fallen by 0.1% or $19 million from the…
Many people don’t like to save for the future because they think it’s painful. Saving means they have to do without. Conversely, spending today is fun and enjoyable. Buying a new gadget, a new pair of shoes, dinner at a fancy restaurant, some wine (well, I regard wine as more of an investment). These things…
I know it sounds crazy to say this but we are hardwired to be lazy. And we have our brains to blame. The fact is, the human brain is lazy. Or, looking at it another way, the brain finds ways of doing things that make it work less. That’s why we have habits. Habits enable…
I know a lot of frustrated, miserable people in their 40’s – men mostly, who appear to be successful. They have money, position and all the stuff that goes along with those but they carry with them an undercurrent of anxiety and emptiness that manifests in things like poor health, nervousness or frequent exhaustion. Of…
While modern life is exceptionally busy, any decent Financial Adviser will tell you that today is the best time to start planning for your retirement; the earlier you plan, the better placed you will be to enjoy it. With life expectancy at its highest recorded level, there are a lot of years to fill between…
