Is financial infidelity worse than adultery in a relationship? Well, a Finder survey of 1,096 respondents revealed that 1 in 5 Australians (21%) – equivalent to 4.2 million people – think lying to your partner about finances is worse than physically cheating. Baby boomers (23%) are most concerned with financial fibs in a relationship, compared…
With an aging population and ever-decreasing government resources, Australians are looking at being less reliant on the social security safety net and planning personal strategies to give themselves comfortable financial security in later years. Given the vagaries of the stock market, investing in property is being recognised as a less risky way of owning a…
The rich get richer. You’ve no doubt heard that soundbite many times. Is it true? The short answer is no. According to the Williams Group, a wealth consultancy group, 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third. Still, those raised in wealthy households have a huge…
Warren Buffett is known for many things: his reading habits, his philanthropy, his dedication to teaching the importance of money to kids, his business acumen, his wealth, and especially his investing style. He is also known for giving out priceless wisdom that has stood the test of time over the years. After all, who wouldn’t…
The jury is still out on how the global economy is expected to perform in 2024, but as seen during the pandemic, economic turmoil sometimes provides opportunities for the wealthy. We visualize the percentage of high net worth individual (HNWI) respondents who expect their wealth to increase in 2024, categorized by generation and gender, from…
Is it bad to want to be rich? Let me ask that question a different way. Is it bad to want to be successful at your job or in your business? If your knee-jerk reaction is to say, “Yes, it’s wrong to want to be rich,” what you’re really saying is it’s wrong to want…
Some of us really like the status quo. Even when we have a better alternative, many of us are content to keep on doing what we’re doing. I think about this every time my wife and I swap cars. Depending on who is running what errands that day, we’ll switch between our big car and…
I spent many years studying the rich and the poor in my Rich Habits Study and found that there were twelve problems almost everyone has to contend with in life: Health Problems Financial Problems Family Problems Neighbor Problems Home Repair Problems Car Problems Addiction Problems Job Problems Relationship Problems Death or Disability Problems Time Management…
Forbes has released its annual rich list for 2024 revealing the world’s richest people. The report shows that there are now more billionaires than ever – 2,781 people across the globe in total. Which is 141 more billionaires than last year. And together they have amassed a total of $14.2 trillion in net worth, up…
The government projects that scams cost Australians $3.1 billion per year. Given that more of our life is becoming digitalised, especially with banking and financial services, we are more susceptible to scams. It’s critical that you take active steps to protect your money. Most common scams are… According to the National Anti-Scam Centre, scams are…
