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
You know the pattern: your income goes up (yay), but so does your spending (boo). It’s called lifestyle inflation or lifestyle creep, and it’s keeping you from building your wealth. Do you also have a bit of a laugh when you look back at your first salary? Mine was $18k a year, which even then… Read more »
Don’t underestimate the impact of psychology on a property’s sale price. After all, for many, buying a home is much more of a psychological decision than a logical one. With the real estate market undergoing an unexpected boom, more property owners are considering selling up. Whether it’s to claim capital gains accumulated over the years,… Read more »
Nobody wants to be poor in retirement, especially if you’re living the good life now. Which is a significant part of the problem… We’re generally pretty bad at thinking ahead. It’s human nature to care more about our immediate satisfaction and happiness than making sacrifices for the benefit of some vague point in the distant future.… Read more »
When you’re in debt, the stress can feel like you’re completely snowed under. Debt snowballing is a way to put all that snow to good work… Debt snowballing is a structured, goal-based approach to debt reduction, which also has strong psychological benefits. It involves paying off smaller debts first by making extra repayments, and gradually… Read more »
We all need one, but getting the best deal on your mobile phone isn’t always easy. In most households, mobile phones are a big hit on the budget every month. There’s the cost of the phone itself, your phone plan and the accessories… Actually, if you have teens, the phone accessories are probably your biggest… Read more »
Based on their published policies, there is no major online marketplace operating in Australia that sets a commendable standard for respecting consumers’ data privacy. I spent last week studying the 26,000 words of privacy terms published by eBay and Amazon, trying to extract some straight answers, and comparing them to the privacy terms of other… Read more »
Have you got that clucky feeling? Are you planning for a baby? That’s great news – but make sure you do the maths first. Baby: a delightfully squishy, roly poly ball of fun that makes your heart go boom-boom and your head go goo-goo-ga-ga. Once you’ve got the nursery colours sorted (monotones are big right… Read more »
There’s a revolution under way in commerce. Within five years, consumer data rights will have transformed competition and simplified the way we live. Yet most of us know little about it, or think it’s restricted to banking. It’s the brainchild of former Productivity Commission chief Peter Harris and Scott Morrison when he was treasurer. The Productivity… Read more »
New research undertaken for this week’s National Summit on Women’s Safety finds violence and unwanted sexual activity are far more common among young women experiencing financial hardship than women who are not. By Alice Campbell, The University of Queensland and Janeen Baxter, The University of Queensland It comes as the federal government has denied Australians… Read more »
The FIRE movement says you’ll retire in your 30s, but you have to work super hard to make that happen. FIRE stands for Financial Independence, Retire Early and the goal is to budget, save and invest aggressively so you can retire as quickly as possible. “Aggressively” means exactly that: you’ll need to save at least… Read more »
