So what will 2025 bring? According to Canstar, millions of Australians could see financial relief in 2025 with changes afoot aimed at easing cost of living pressures. S0 let’s look at 8 ways you may be better off financially in this new year 1. Rate cuts: While RBA cash rate cuts are not guaranteed, they…
Do you feel richer? There is no doubt that many Australians are suffering from a cost-of-living crisis but overall, Australia’s household wealth has reached new heights, with the average household net worth climbing to an impressive $1.58 million. This milestone secures Australia’s position as one of the top five wealthiest nations globally in terms of…
Imagine you’re part of a group of cavemen, walking through the tall grass in the Savanna on the hunt for your next meal. Suddenly, a member of your group catches a glimpse of a lion out of the corner of their eye. The member motions to the other members of the group. In a split…
One of the difficulties we face in our industrialized age is the fact we’ve lost our sense of seasons. Unlike the farmer whose priorities change with the seasons, we have become impervious to the natural rhythm of life. As a result, we have our priorities out of balance. Let me illustrate what I mean: For a farmer, springtime is…
Life is expensive. The cost of living seems to be increasing almost as swiftly as Sydney’s house prices, and it can be a struggle to keep your head above water financially, let alone prosper. But do you want to know the truth? Deep down, there’s usually a reason why you’re broke… and it’s often because you…
I just finished reading an article complaining about the rich. The author was upset at the fact that 1% controlled 82% of the wealth in the world. In the author’s mind, there was something inherently unfair about this. The author, like many who are not in the 1%, felt that the wealth the 1% created…
Without always knowing it, property investors are pre-programmed with a range of biases that may cause them to interpret information incorrectly and thus undertake sub-optimal investment decisions. Let’s discuss 9 of the key biases that Australian property investors must overcome… 1. Hindsight bias How many know-it-all commentators now confidently proclaim that the financial crisis and…
Australia’s economic growth remains in the slow lane, at only 0.3% for the September quarter, keeping Australia close to recession territory. However, the national accounts data released on Wednesday by the Australian Bureau of Statistics (ABS) puts growth slightly higher than the snailish 0.2% recorded the previous quarter. Although growth is painfully slow, this could…
Genes are Apps that can be clicked on or off. The mind drives the body, and the body’s response to your thoughts switches genes on or off. Examples When you are exposed to something in your environment that poses some threat to your well-being, the autonomic nervous system sends out a “time to worry” distress…
In my Rich Habits Study, I had the fortunate opportunity to peer into the lives of 128 individuals who struggled financially in life. My goal was to figure out the underlying causes of their financial struggles. I learned many things. For instance, I learned that those who struggled financially had habits that, in many instances,…
