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Thinking of joining an MLM as your side hustle? Read this first
10 business lessons from a lemonade stand
More signs that Australian consumers are locking down in the bunker. While official retail sales have been weak for a couple of months as higher loan repayments take cash out of pockets, a new Commonwealth Bank report shows consumers continued to tighten their belts in July, with spending growth declining nationally to just 1.3 per… Read more »
The state of the US Government and American household debt is mindboggling. In my newsletter last week I talked about how global credit rating agency Fitch had downgraded the US credit rating from Triple A to AA+ — only the second time ever that the US has been downgraded. The reason was its huge level… Read more »
Consumer sentiment is at near record lows and most customers are heading for the bunker. Not our farmers, though, who apparently have never had it so good. It seems most of us are very glum at the moment. That’s according to the latest Westpac-Melbourne Institute Consumer Sentiment Index which fell another 0.4 per cent to… Read more »
More entrepreneurial Aussies than ever are starting side hustles to plug the income gap. The combined impact of high inflation and rising mortgage repayments is playing havoc with the household budget of average Aussie families. There are two solutions… cut your expenses or boost your income. It seems boosting income is the answer for many… Read more »
It’s the first week of the month and all eyes were on the Reserve Bank board meeting which decided to keep official interest rates on hold for a second consecutive month at 4.1 per cent. This time last Friday morning I said the latest retail figures would swing the RBA vote. If retail sales slowed,… Read more »
This week’s quarterly inflation figures are the lowest since September 2021. After last week’s very low unemployment figure, we knew this week’s quarterly inflation figure would play a critical role in the next RBA decision… it had to offset the tight labour market. And it did. The June quarter CPI was 0.8 per cent and… Read more »
Sydney property has better investment potential than Perth property – right? I’ll declare my bias up front. My daughter and son-in-law moved to Perth as the pandemic started and have been looking to buy after renting for a few years. They have a townhouse in Sydney and the family discussion has been around the usual… Read more »
I often talk about plugging the financial leaks in your life to make ends meet; those expenses you lose track of which mysteriously siphon cash. Comparison site, Finder surveyed of 1,090 people and found 41 per cent have made a financial blunder in the last 12 months – and I reckon the other 59 per… Read more »
It has been a terrible time for home builders with many going to the wall because of the impact of inflation on their fixed price contracts, sparked by huge rises in the cost of materials. Over the past two years, the cost of building a new home has increased on average by 28.2 per cent.… Read more »
Superannuation is the third most important weapon you have in your ability to build wealth, behind your capacity to earn income and owning your family home. The issue is that because it gets compulsorily deducted from our wages each month, we often don’t give it the attention it deserves. It grows almost by stealth. But… Read more »
