Each day a tree will grow a little more. It’s impossible to see the changes caused by the growth on a day to day basis. But, if you were to fast forward ten years and compare pictures of the old tree to the new tree, the change would be obvious and significant. Self-made millionaires…
Some people just can’t seem to get a break. It’s one thing after the next for them – money problems, a run of bad luck, or work trouble. There’s a lot in life we don’t have complete control over. Whether we get sick, for example, or whether our footy team wins! But there is a…
Since 2004, I’ve been studying rich people and poor people. In my Rich Habits Study, over the course of two years, I asked 144 questions to 233 millionaires in order to find out what it takes to live a happy, healthy and wealthy life. While it’s important to know what to do, it’s also important…
The rising auction clearance rates is pointing to accelerating house prices. Both Sydney and Melbourne have posted strong auction clearance rates for the last 3 weekends – figures well into the 70% mark. In fact this weekend’s preliminary auction clearance rates of 81% in Melbourne and 78% in Sydney (will both be revised down) haven’t…
Are you an entrepreneur? A business owner? Planning to get into business? And if you’re a property investor, you really should treat it as a business. Today we’re going to discuss what Mark Creedon has learned as a business coach about what separates very successful entrepreneurs from people who call themselves entrepreneurs, but really aren’t….
There is no doubt that times sure are changing. This is especially true for baby boomers who are likely to live longer than they ever expected and possibly to struggle financially along the way, too. Not only are they likely to be around longer, they will probably not automatically retire at 65 either. Sometimes that…
The $2 billion Carmichael coal mine, one of Australia’s largest thermal coal mines, will comprise six open-cut pits and five underground mines covering about 447sq km. Adani states it will produce between 10 to 15 million tonne per year of coal, with an option to increase this to 27 million tonnes. Employment creation figures have…
When you’re buying a home, it can sometimes seem like you’re expected to learn a whole new language. Terms like “loan to value ratio”, “conditional approval” and “comparison rates” are bandied about on TV ads and in product disclosure statements – and if you don’t understand what they actually mean you could find yourself in…
The Reserve Bank’s best case scenario is that its forecasts are wrong, writes … Peter Martin., Crawford School of Public Policy, Australian National University Reserve Bank Governor Philip Lowe has said two things about unemployment in the past few weeks. Together, they lead to an inescapable conclusion. The first was in a speech in May,…
It’s one of the most-touted mantras of property investors: “You make your money when you buy, not when you sell.” This mistaken belief that you make your money when you buy a property could be holding you back from some of the best deals around. While it’s true you make your money yhen you buy, it’s…