Can't cheat the tax office
Your Money

This is why you can’t cheat the tax office

- August 27, 2021 3 MIN READ

If you think you can cheat the tax office, don’t even think about it. You can’t, and it will be just a matter of time before you’re caught. The tactics and resources the ATO has at its disposal are quite extraordinary. Each year, the ATO contacts around two million taxpayers about their individual returns. This… Read more »

How to effectively manage your bills
Your Money

How to effectively manage your bills

- August 26, 2021 2 MIN READ

Once you learn how to effectively manage your bills, you’ll no longer need to fear your inbox or mailbox. Such a relief. We all know that sinking feeling when an unexpected bill arrives and throws the monthly budget out the window. It’s tough metaphorically driving around with the fuel lamp flashing, knowing you’ve got nothing… Read more »

Run fast from these bogus investment scams
Your Money

Run fast from these bogus investment scams

- August 24, 2021 3 MIN READ

Fraudulent investment scams reported to Scamwatch have cost Australians over $70 million in the first half of this year, reports the ACCC. Here’s what you can do to avoid falling victim. That’s a massive 53.4 per cent increase in reports about investment scams received by Scamwatch this time last year. Projected losses are set to… Read more »

The signs of financial maturity
Your Money

Kochie’s 16 signs of financial maturity

- August 23, 2021 4 MIN READ

There’s really no strict definition of financial maturity to benchmark ourselves against, but there are certain things we should be able to check off. How many times are we told to “act like an adult”, “grow up” or “get a bit of maturity”… whatever that means. Whether it’s behaviour, humour, manners or lifestyle, there’s a level of… Read more »

Why interest rates are going to stay low
Your Money

Why interest rates are going to stay low for a long time

- August 20, 2021 2 MIN READ

Rolling lockdowns, slow wage growth and falling employment means interest rates are going to stay low for the foreseeable future. Very slow wages growth will keep interest rates low This week’s Wage Price Index, which measures our pay packets, grew a modest 0.4 per cent in the June quarter. This was below economists’ expectations for… Read more »

The long term cost of panicking in a crash
Your Money

The massive long term cost of panicking in a crash

- August 20, 2021 2 MIN READ

Research group SuperRatings have completed a fascinating, and important, lesson into the cost of panicking in a crash. I know sharemarket crashes are stressful, but history tells us that those that keep their nerve come out winners. SuperRatings has proved the point. They looked at the impact of switching out of a balanced or growth… Read more »