As a CPA, I’ve been advising wealthy individuals on money matters for more than 30 years. Plus, I spent five years studying the money habits of the rich. In my CPA business and from my research, I’ve documented a few common money blunders even smart, wealthy individuals make. You would think they’d know better, but…
Australians tucked an additional $6.53 billion away in the bank in May as household deposits continued to hit record highs. The total amount saved in the bank from households is now $1.481 trillion – the 11th consecutive record high, according to the latest APRA monthly banking statistics. This means household deposits have risen by over…
In my five-year study of the daily habits of the rich and poor, I discovered that there are two extreme types of relationships: Helpful Relationships and Toxic Relationships Helpful Relationships help lift you up in life and are always happy, optimistic, grateful, enthusiastic, open-minded, life-long learner types who help elevate your chances for success. Toxic…
Key takeaways Investors should focus on selecting the right neighbourhood when making their property buying decisions, as socio-economic dynamics and lifestyle preferences shape today’s property market. 80% of a property’s performance is dependent on the location and its neighbourhood, and today’s property investors and homebuyers are placing an unprecedented emphasis on lifestyle. These ‘liveable’ neighbourhoods…
Buying your first home has always been one of the highlights of many people’s lives. It’s something that they’ve dreamed about and had to make sacrifices for to make it a reality. The thing is buying your first home is often imbued with emotion, which is understandable, but it’s not necessarily the best thing when…
Moving to Australia may seem like an easy task, but you need insider info to tackle obstacles all on your own. In today’s article, we’ll explore 5 expert tips that will help you move to Australia and find your new home in the down under. You may even decide to not move to Australia, depending…
A well-known study, conducted in 2013 by PEW Charitable Trusts, found that 70% of those born and raised in poverty, remain poor as adults. This “cycle of poverty” continues generation after generation. This data flies in the face of the notion that, at least in America, anyone can become financially successful so long as they…
Key takeaways The Minns government will build apartment blocks for Sydney’s essential workers, offering them cheap rent so they are not priced out of the city. Essential workers, including nurses, paramedics, teachers, allied health care workers, police officers and firefighters, are set to benefit from the BTR scheme. The funding will enable Landcom to acquire…
Millennials who delay buying their first home are putting themselves at huge risk of being long-term renters. But complaining about a lack of affordability isn’t going to get them anywhere; instead, they need to start to turn attitude into action. The fact is: that the number of first-home buyers is dwindling. This is a massive…
Key takeaways The NSW Government is planning to increase property owners’ insurance costs by shifting the cost of the Emergency Service Levy (ESL) onto them, and increasing surcharges for foreign purchasers, raising the surcharge land tax, and freezing the land tax threshold. The Government’s solution to the state’s economic woes is to transfer the increased…
