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
Just when you thought the banks couldn’t get any stingier, they are. Savings interest rates have been reduced again. Australia’s biggest bank, Commonwealth Bank (CBA), has cut its savings rates by up to 0.07 per cent. The Reserve Bank hasn’t changed official interest rates since November last year, but the CBA (and the other big… Read more »
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 »
Suddenly, Australia’s annual inflation rate is 3.8%, having jumped from 1.1% for the twelve months to March. Should we be worried? The June quarter jump follows a jump in the United States to 5.4% and a jump in New Zealand to 3.3%, sparking a debate between leading pundits such as former US treasury secretary Larry… Read more »
Despite the Reserve Bank of Australia promising to keep official interest rates on hold until 2024, the rates we pay on some loans are already going up… and are expected to keep going up. In practice, we can already see that interest rates are rising. Australians have been enjoying home loan rates under two per… Read more »
According to leading research house SuperRatings, Suncorp was the top returning fund over the 12 months to the end of June, with the Suncorp Multi-Manager Growth Fund returning 3.8 per cent. This was followed by BUSSQ and Australian Ethical Super, whose balanced options returned 2.5 per cent and 2.4 per cent respectively. Over 10 years,… Read more »
Australia’s official cash rate now sits at 0.50% following a 25 basis points cut It’s the fourth rate cut since June 2019 amid growing concerns about the impact of the coronavirus on the global economy RBA says “global growth in the first half of 2020 will be lower than earlier expected” While housing prices have… Read more »
