I did warn over the last few weeks that many of the sharemarket experts were stashing away cash to take advantage of another sharp correction down. It came with a bang this week… the biggest one day percentage drop on Wall St since 2020. Why? Inflation. It’s driving global financial markets because inflation determines interest… Read more »
Regardless of financial position or socio-economic status, we’ve all endured financial stress at one point or another. If you are under financial stress at the moment, you’re not alone. The NAB Household Financial Stress Index found that on average, Australians feel they are getting worse off financially. A huge one-third of survey respondents said they… Read more »
Each week we ask a question to help you focus on an area of your finances that might need a closer look. This week: How can I overcome financial setbacks? You’ve worked hard to develop a financial plan, built a workable budget and set up an investment plan to reach your long-term goals. You’re tracking… Read more »
Self-made millionaires follow a tried and tested formula that embraces success and hard work, writes Zaki Ameer. By Zaki Ameer Zaki Ameer was never interested in academic life. He failed at school, and began his entrepreneurial journey by selling cassettes to classmates. After moving to Australia to study for a Bachelor of Business, a chance… Read more »
Admitting you’re an emotional investor is actually pretty hard, but acknowledging your emotional biases might be just what you need to make more rational decisions. Are you an emotional investor? It’s a difficult question itself to answer without considerable bias. If you sat down and asked yourself about the types of decisions you make every… Read more »
Spoiler alert: the reason you’re broke is because you’re trying to be someone you’re not. By Georgie Koch It’s hard enough to keep your spending in check when all you’re trying to do is curb your own needs and wants, let alone when you make the dreadful mistake of trying to keep up with the… Read more »
The debt avalanche method is the fastest way to pay off your debts, so it can save you a stack of money in the long run. While a ‘debt avalanche’ sounds like you’re about to wiped off the face of the earth by debt, it’s actually the opposite. Instead, it’s a debt repayment method that… Read more »
Setting financial goals can be problematic for a variety of reasons. Instead, focus on forming good money habits that step you towards your dream. I have always been someone who has set new year goals. Save for a house deposit in three years, run a marathon, write a book, lose five kilos, retire by this… Read more »
What if the old saying was wrong? What if money can buy happiness and always has? There are some things we’re told all the way through life which just don’t make sense. Sayings that people love to recycle without ever really thinking about them. That ‘money can’t buy happiness’ is right up there on the… Read more »
There is no point turning over a new financial leaf to take your finances to the next level unless you have a clear path, with no distractions. Some accountability helps, too. You’re pumped up for a new weight loss and get-fit program. You’ve got the blender, shakes, books and online subscription. The only issue is… Read more »
