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
It’s time financial advice caught up with modern consumerism. Here’s how you can save by outsmarting it. We all know the boring everyday savings advice: make coffee at home, cancel unused subscriptions, pack your lunch, stop buying avocado toast and basically develop the discipline of a fasting monk. That stuff sort of works. But iron-clad… Read more »
You’re probably sick of the wall-to-wall budget analysis so I’ve kept my snapshot short and sweet: The next 12 months will continue to be tough for Australian households. The cost of living crisis will continue, wages won’t keep pace with inflation, interest rates will stay higher for longer and while the economy will slow, it… Read more »
A third consecutive rate hike from the Reserve Bank of Australia landed this week… like a bolt of lightning. The impact was devastating … Combined with stubborn inflation, volatile oil prices and ongoing cost-of-living pressures, it’s the latest blow in a long stretch of them. For Australians already struggling with mortgage repayments, tenants drowning in… Read more »
All it takes is a few simple changes in your behaviour and thinking … Right now, there’s a bit of breathing room at the petrol pump, helped along by the temporary halving of the fuel excise, but it may not last long. Fuel price cycles can turn quickly, and it doesn’t take much in an… Read more »
I came across a fascinating research report from Ray White economist Atom Gi Tian during the week, which shows that homeownership remains within reach for most Australians. Atom also shows that different housing policies across countries can be just as effective. The OECD’s latest data puts Australia’s combined homeownership rate at 62.7 per cent, steady… Read more »
The red flags of an economic downturn are flying high. As the conflict in the Middle East continues, Australian eyes are firmly on the economic fallout. We’re already feeling it through eye-watering fuel prices, which will flow through into higher costs across the economy. But now there are two major warning signs that we could… Read more »
No one wants to leave their family exposed if something terrible happens. And it’s a good thing they don’t. I’m a big believer in protecting your loved ones financially… They are the most valuable thing in your life. But here’s the reality: as we get older, life insurance premiums rise, sometimes steeply, and what once… Read more »
After last week’s Reserve Bank interest rate increase, I warned of the possibility that rising rates coupled with rising petrol prices had the possibility of crushing Australian household budgets. Reinforcing my point, this week’s ANZ-Roy Morgan consumer confidence figures are down 20 per cent – the worst result since the oil crisis in 1973. Consumers… Read more »
The global economy and energy markets are tightly interconnected, and now with the closure of the Strait of Hormuz we are all bracing for impact. Because when oil is scarce, the fallout hits far beyond petrol pumps. A global domino effect What it costs to fill up your car right now is just the tip… Read more »
To this day, I’m asked what I think about paying kids for doing household chores. Pocket money is one of those topics that can spark surprisingly strong opinions among parents… sometimes even between partners. So here’s my stance: When our kids were little, Libby and I would pay them for chores that went above and… Read more »
