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
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 »
Millions of Australians are set to pay hundreds more each year for their private health insurance, after the Federal Government confirmed the largest round of premium increases since 2017. From 1 April, private health insurance premiums will rise by an industry average of 4.41 per cent. The average increase has come in well above the… Read more »
Governments across all levels are spending at record levels … That record spending was justified during Covid because it stopped the economy from plunging into a Depression. The problem is that this level of spending has continued even as the economy has returned to normal. As a result, inflation has surged again and interest rates… Read more »
According to property giant Ray White, over the past 25 years, property sales levels have moved through repeated boom and bust cycles, ranging from fewer than 380,000 sales a year to more than 580,000. Ray White chief economist, Nerida Conisbee, says volumes spike when financial conditions and confidence improve and collapse when they tighten, regardless… Read more »
