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
Learning the big sharemarket lessons needn’t cost you your savings. On any given day, week or month, share prices are affected by variables that are outside an investor’s control. When those variables make the sharemarket go up, we celebrate. But when things are down, many panic and start offloading their shares in an attempt to… Read more »
There’s a famous money rule you’ll likely have heard of called the Rule of 72. It’s a simple equation that’s actually a valuable tool to help you project interest rates and their output over time. Many people attempting FIRE use the Rule of 72 to work out how much money they will need to reach… Read more »
It’s Melbourne Cup time and millions of Aussies will be putting their betting skills to the test hoping to win big. Spoiler: most won’t. Unfortunately, the average punter isn’t going to walk away with anything close to the $4.4 million the winning horse will take away. In fact, chances are most people will be waking… Read more »
Infrastructure investing provides attractive opportunities to investors looking beyond traditional asset classes to diversify their holdings. Investing in infrastructure means you’re putting money into companies that own and operate essential public assets. These assets are usually necessary services to the community and include the following: Toll Roads Railways Airports Ports Water and electricity supply Communication… Read more »
If you find savings plans impossible to stick to, you haven’t tried trickle method saving. It will work for even the least engaged saver. For some, saving is easier than others, so it’s about finding the balance in your life that works for you. Some people are comfortable saving huge chunks of their pay and… Read more »
There are benefits for home owners during a property boom. One is that the equity in your property rises, adding to your wealth. While the value of a loan basically stays the same, or reduces if you’re on a principle and interest loan, a rising property market means the share you own in your place… Read more »
If we had to mention a single commonality between investing and gambling, it would be that both contain an element of risk. But that’s where the similarities end. The high-stakes action of GameStop, an American chain of video games stores, triggered users of the internet forum Reddit (r/wallstreetbets) to make headlines earlier this year. This… Read more »
Do you know if you’re on track for a comfy retirement? How much super should you have in your account already? And what should you do if there’s a gap (because trust me, there’s probably going to be a gap)? Not many 20-year-olds get their first job and think, “Yippee, I’m on my way to… Read more »
It’s time to stop ‘getting around to’ pulling in your spending and make some simple changes to save money right now. This minute. According to Credit Suisse’s Global Wealth Report, Australians are the richest people in the world. But it sure doesn’t seem like that. While superannuation and property values have had good gains, slow… Read more »
In a nutshell, dollar cost averaging is an investment strategy that can minimise your risk. When it comes to trading shares, the old adage of buy low sell high seems to make perfect sense. But no one can predict the future and even investment professionals struggle to time the market correctly. As for everyday investors,… Read more »
