5 things that self-made millionaires do differently
Thinking of joining an MLM as your side hustle? Read this first
10 business lessons from a lemonade stand
While MLMs promise financial independence, flexibility and work-life balance, very few MLM sellers ever make any profit. Multi-level marketing (MLM) is a business model that relies on direct selling and consultants recruiting friends and relatives to also become consultants, salespeople or distributors. MLM salespeople sell products – such as beauty products, kitchen wares, essential oils… Read more »
With the world facing an ever-growing number of environmental and social challenges, investors are increasingly expecting corporations to “do the right thing” and contribute positively to the community. This is known as corporate social responsibility or CSR. Investors play an important role pushing firms towards becoming better corporate citizens. So, what do investors (including those of… Read more »
If you’re paying off a mortgage – or aspiring to – imagine if you didn’t have to worry so much about rising interest rates. That’s already the reality for US home buyers. Unlike in Australia, most mortgages in the US have a fixed-interest rate, locked in for 30 years. Instead of having to wait and… Read more »
Right now, is it best to put extra money into your mortgage or super? To help you decide, here are four questions to ask yourself. At a certain point in life, many wonder what’s better: to pay off the home loan ASAP or top up your superannuation? If your emergency cash buffer looks okay and… Read more »
Have you watched Don’t Look Up on Netflix yet? It’s actually quite a useful economics education, as Steven Hail from Torrens University Australia points out. In the new Netflix sensation Don’t Look Up, two astronomers, played by Jennifer Lawrence and Leonardo Di Caprio, discover a massive comet heading towards Earth, and desperately try to warn the… Read more »
Will 2022 be the year where the world economy recovers from the pandemic? That’s the big question on everyone’s lips as the holiday season ends and the new year really begins. One complicating factor is that most of the latest major forecasts were published in the weeks before the omicron variant swept the world. At… Read more »
Comedian Robin Williams once called cocaine “God’s way of telling you you are making too much money”. This role may now have been overtaken by non-fungible tokens (NFTs), the blockchain-based means to claim unique ownership of easily copied digital assets, writes University of Canberra’s John Hawkins. The latest NFT mania involves fantastic amounts of money… Read more »
GDP is like a heart rate monitor: it tells us about life, but not our lives. How much cash would you need to be paid to agree to live without a smartphone for a year? If you are like the typical American, the answer is US$10,000 – which is far, far more than what we are… Read more »
As it hits new highs, there is no shortage of bold predictions about Bitcoin reaching US$100,000 or more. Often these are based on not much more than extrapolations by people with vested interests: the price has gone up a lot so it will keep going up. If it gets above its previous high, it must… Read more »
The share of total income collected by the top 1 per cent of Australia’s income earners has been trending upwards since the 1980s. It is now about 9 per cent of total income. How concerned should we be about this? To some extent it depends on fluidity of membership of the top 1 per cent… Read more »
