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…
Personal Finance
A POWER NEGOTIATOR
- The negotiation tricks used by the professionals
- The rules of negotiation
- The 5 big negotiation mistakes you must avoid
- The myths of negotiation
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…
I have a crazy idea I want to run by you. Imagine that a cultural anthropologist finds one of your credit card statements in 100 years. What would your spending suggest you value the most? Based on your spending, what assumptions might someone make about how you live your life? Our credit card statements (really,…
We all have a friend or know someone who is a bit unique. They’re the kind of person that other people describe as slightly eccentric and who don’t seem to care what others think. But it’s not that they’re different from other people. It’s that they just refuse to do what most of us do,…
Earlier this month, a Hong Kong company lost HK$200 million (A$40 million) in a deepfake scam. An employee transferred funds following a video conference call with scammers who looked and sounded like senior company officials. Generative AI tools can create image, video and voice replicas of real people saying and doing things they never would…
The last decade has witnessed a remarkable surge in the global number of millionaires. By 2022, 1.1% of the world’s adults were millionaires, up from 0.6% in 2012. So, how to know if you belong to the top 1% in your country? In this infographic, we illustrate the net wealth required to enter the club in selected…