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
You know the pattern: your income goes up (yay), but so does your spending (boo). It’s called lifestyle inflation or lifestyle creep, and it’s keeping you from building your wealth. Do you also have a bit of a laugh when you look back at your first salary? Mine was $18k a year, which even then… Read more »
The FIRE movement says you’ll retire in your 30s, but you have to work super hard to make that happen. FIRE stands for Financial Independence, Retire Early and the goal is to budget, save and invest aggressively so you can retire as quickly as possible. “Aggressively” means exactly that: you’ll need to save at least… Read more »
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 »
These frugal tips prove that it’s a fallacy that you need to live a life of deprivation in order to save money. Hands up if you’re trying to save money to build your wealth right now. Everyone’s hand should be in the air, right? Whether you’re trying to save money to build wealth, buy a… Read more »
There are hundreds of personal finance apps out there, including plenty focused on saving and budgeting. We take a look at some the most popular budget apps available in Australia to help you decide what’s best for you. Nobody likes having to stick to a budget. Nobody. Except maybe rich people (because, no surprise, being… Read more »
One of the questions I am constantly asked by parents is what they should teach children about money, and at what age. By Pushpa Wood, Massey University Being a parent presents us with daily challenges, including decisions about what things to expose our children to. Talking about money is no different to talking about how… Read more »
The word stash implies something naughty and hidden away from prying eyes, but there’s everything right about stockpiling surplus cash for genuine money emergencies. Like any good stash, it should be secure – in a savings account, not a jam jar – and shouldn’t be too easy to raid or liberate without a second thought.… Read more »
It can be tough to save for a home deposit, but it’s not impossible if you follow these five golden rules. We’ve always made big sacrifices for the security of owning our own home. So, the debate about whether buying property now is harder than it was in the past doesn’t really resonate with me.… Read more »
A recent survey found that 17.5 per cent of Australian households couldn’t raise $2000 in an emergency. The question is, could you? Booming shares, property and superannuation have lifted the wealth of average Australians, but not many of us are feeling it. Low wage growth has meant that we seem to be asset rich but… Read more »
Balancing the family budget is one of the toughest tasks for any household. So, finding and fixing financial leaks will make it so much easier. It’s the great Australian squeeze: prices keep going up but wages growth isn’t keeping pace. No matter how tight a ship you try to run, there always seems to be… Read more »
