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
Over the last couple of months, I’ve been talking about the rise in the value of gold. This week the value of the precious metal topped $US 4,000 an ounce and in Aussie dollar terms, it broke through AU$6,000 an ounce. The below chart tracks the return on gold (the orange line) compared to the… Read more »
Like much of the recent media commentary, I’ve pointed out that while the First Home Buyer Guarantee makes it easier for first home buyers to enter the market, it won’t solve the housing crisis. The only real solution is to build more housing. It’s that simple. If anything, the First Home Guarantee will push up… Read more »
Selling a business, receiving an inheritance or picking the trifecta on the Melbourne Cup can all result in an unexpected windfall. But working out what to do with the money is not always simple. There are so many options out there and no one wants to throw it all away doing something stupid. So if… Read more »
One of the people at work is buying her first home with her partner and, being the finance nerd I am, we’ve been chatting through each stage of the process. It started with saving the deposit, then getting finance approved and negotiating the price now that they’ve found a property that fits. And while none… Read more »
Boomers, we are not to blame. I’ve talked about the intergenerational wealth wars a lot in the past where younger Australians begrudge older Australians for everything from pushing up property values and living a more lavish lifestyle, to retiring on supposedly excessive superannuation payouts. As I’ve said before, these intergenerational wars of financial envy are… Read more »
Following on from comments about the ill-judged broadening of the federal government’s 5 per cent home deposit scheme, there is now clear evidence of how it is fuelling the property boom. According to Ray White chief economist, Nerida Conisbee, Australia’s most affordable housing is experiencing significantly stronger price growth than typical properties, with the bottom… Read more »
I don’t spend a lot of time banging on about cryptocurrency. It’s volatile, it’s hyped, it’s not a core wealth-builder for most people. Plus, crypto scammers have been stealing my image and making up fictitious comments supposedly from me endorsing investment in crypto currencies. So let me be clear, I do not invest in crypto… Read more »
A colleague recently shared a story that made me smile. Her daughter, fresh into the workforce, had received a surprise $1,000 bonus for closing a big sale. A proud moment – but what stood out wasn’t the bonus itself, it was what she said Rather than splurging on a new phone or a shopping spree,… Read more »
The scale of the AI revolution is staggering – and all signs point to it not slowing down anytime soon. Take NVIDIA. A global leader in GPUs (the processors essential for AI and high-performance computing), AI infrastructure, robotics, autonomous vehicles, and more, the company now boasts a market capitalisation equivalent to around 3.6 per cent… Read more »
The CommBank is experiencing a surge in home loan pre-approvals – up 12 per cent since the last two interest rate cuts. The average borrowing amount has also increased 13 per cent, compared with this time last year. Ray White chief economist, Nerida Conisbee, has done a deep dive into how this… Read more »
