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10 business lessons from a lemonade stand
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 »
Lately, people have been telling me they’re considering adding a small dwelling to their backyard… either to generate rental income or to give their grown-up kids a place to live. Despite rising construction costs and higher interest rates, relaxed planning laws are making these builds easier than they once were. But is adding a granny… Read more »
The rush you feel when clicking “buy now” or tapping to pay isn’t just excitement – it’s chemistry. A hormone and neurotransmitter called dopamine is released, rewarding us with a little hit of happy… it’s like a gold star for achievement. “Well done, good job,” it whispers as we walk out of the store, shopping… Read more »
When our kids were younger and still living at home, our pantry was stocked with no-name products. Buying generic has long been a supermarket savings hack in the Koch family. I assumed everyone else’s cupboards and fridge looked much the same … But it turns out more than half of Australians are missing out on… Read more »
With interest rates on the rise again, so are your loan repayments … and that’s a big hit on your family budget. So, now is the time to look at better managing your debt and trying to reduce your most expensive loans. Credit card debt can be a tough burden to carry, especially when unnecessarily… Read more »
