We are hearing and reading about rising inflation and even stagflation daily it seems. Do we remember though the last time we saw inflation rise to such heights here in Australia? For those of you who can remember it was back in the 70’s and early 80’s. Coincidently it was when mullets were last in […]
Property has been in the news a lot lately, with ever increasing interest rates, and this off the back of record growth in last two years. Rental properties are even harder to find so property is a hot topic at the moment. Simply buying property if thought about in basic terms, is a long term […]
This is the hobby I love to talk about and is all about finding hobbies that will make passive revenue streams, so you work because you want to rather than you have to. Passive in that you are not doing anything to earn the money, such as receiving rent from investment properties, dividends from shares, […]
Household, Income and Labour Dynamics in Australia (HILDA) conducts a survey where it asks members of 17,000 households five questions designed to test their financial literacy. They conducted this in 2016 and 2020. The average result was around 3.2 questions right out of 5 in 2016, and around 2.8 questions right out of 5 in […]
Every year we feel compelled to start the new year with a New Year’s resolution or two. It starts off great, whether it’s to get fit, or start saving money. Two months in, we start to waver and by three months most of us have given up as life just gets in the way. Sound […]
After 30 years of being an adviser and coaching families to reach financial freedom, it came down to ensuring these 7 steps were followed to ensure the most effective and efficient method possible. Step 1. Plan to be Financially Independent As the saying goes “if you fail to plan, you plan to fail”. As in […]
Tip #1 They need to learn how to save Something they can see every day and an amount that they are not going to miss, and finally make it regular (weekly for example when paid pocket money). The traditional piggy bank is a great idea but there are plenty of different types on the market […]
Jamila’s story is one that, unfortunately, is not atypical of the people we see at a very difficult time in their lives. In Jamila’s case a major shift to her life came not through the death or illness of her partner, but as a result of a divorce in her mid-50s. However, the lessons Jamila […]
Whether it’s sport, business or in life in general, and whatever your definition of success is, it usually includes a coach, partner or mentor in the background. Whether you pay for someone who is a specialist or it’s a friend, family member or just someone you follow online or read their book (subtle hint), it’s […]
Let’s understand how the ‘compounding’ effect can make you thousands! The most powerful example of the impact of time is ‘compounding’. You’ve probably heard the term – you probably did an example in your maths class in around Year 8. However, there’s a good chance that since then you’ve forgotten its significance. Compounding interest is […]
