The path to creating wealth is different for everyone. Some people get there via strategic property investment, while others achieve financial freedom because of business ownership. While most financially successful people share similarities, they also make sure they don’t make silly mistakes that could damage their financial goals. So, here are five financial mistakes it…
Despite all the negative news in the media warning us of the worst property correction on record, my guest today Pete Wargent recently wrote a piece giving good reasons why our housing market downturn could be short-lived. Since Australia’s economy and our property markets don’t operate in isolation, each month, I take time out to…
Will there be another double hike in interest rates from the RBA next week? With annual inflation rising to 6.1 per cent today, this is almost certain. In fact, if the RBA increases the cash rate by 0.50 percentage points on Tuesday, the average owner-occupier with $500,000 debt and 25 years remaining will see their…
I used to have a spending problem. So much so, I treated junk mail like my personal shopping list, and deep down, I wished my life was like those photos you see on Instagram with dudes wearing fancy watches, in a driveway full of Italian exotica and a clutch of bikini babes draped all over…
In the face of rising living costs, high levels of debt and mortgage stress for some, there’s no doubt many of us find it difficult to save money. But even if you’re on an average income, there are small changes you can make that will have a big financial impact on you. Here are the…
We seem to have a new national obsession. It’s even bigger than worrying about who’s going to win football at the weekend. It’s called “Which way are house prices heading next?”. According to our big banks, Australians must brace for the worst housing correction on record as rising interest rates will strangle the property market….
Australia’s housing market downturn is gathering momentum as consecutive rate hikes, rising inflation and weaker consumer confidence place additional pressure on values. CoreLogic’s data shows that 41.9% of house and unit markets analysed in the June quarter declined in value, a significant increase from Quarter 1 when 23.6% of markets recorded a fall in values. Using…
Strategic property investors plan for the long term and therefore theoretically should be immune to the ups and downs of the property market. However, the grinding reminders of the economic challenges we are facing can be a harsh test of character for even the most experienced investor. There is continual news about rising inflation and…
If you’re like most Australians you’ll have set yourself some New year’s resolutions each year. So why do some people achieve their goals while others fail? In an article on Inc.com Geoffrey James says it’s because successful people manage to overcome five barriers that, in many cases, guarantee failure. Here are those barriers and how…
One of the more common changes to hit the commercial world is the need for team members to work remotely. Here is a simple – Five-Step Process to Manage Remote Team Members: 1. Structure: There needs to be structure. In order to be effective, team members need to have a structure in their communication and…