Your mindset and psychology when you spend on your bank card is totally different to that when you spend with your own cash. There have been studies done that show we are spending around 14% more on every purchase when we spend on bank cards as opposed to cash. It is simply a mindset thing!
I regularly encourage people to try ...
The Australian education system is where it all starts and unfortunately for all of us it fails to start well. I’m not talking about your grades in chemistry or physics – I’m talking about what we DON’T learn in school, that’s the real problem!
For 13 years we go to school and are taught everyday things that most of us will probably ...
Everyone has their own individual money personality which is learned behaviour over years of watching people throughout your life; like parents, teachers, mentors, business managers etc. Financial psychologist Dr Brad Klontz believes your thoughts about money play a big role in your overall financial health, and understanding this can be the key to achieving financial success. He places people into one ...
If talking about money is so important, why do we have such a hard time with it?
I think it’s because we’ve been taught that Money is about spreadsheets and calculators. It’s a maths problem. It should be rational and reasonable. But then we go to open the credit card bill with our partner and ...
Your whole life you’ve been told by every person out there that the cheapest rate means it will be the cheapest loan. What we’ve discovered over 13 ears of managing billions of dollars of finance is that it’s actually the shortest Term that equals the cheapest loan.
Here is an example. Let’s say bank A is offering 3.99% over 30 years and ...
Occasionally we'll have a client call the office to tell us they're
considering buying a boat. If you're like me and have grown up around water,
chances are you have fond memories being in and around the water. However, a
boat is, of course, a costly item, so to help with the decision-making process
we use the concept of ‘costs per units of fun.'
This property clocks show where the housing and unit markets are heading in each capital city.
12 o'clock is BOOM and 6 o'clock is BUST. It is a great visual representation of how the property market in each city is performing.
The Key Indicators that
are studied are 1) The Economy 2) Affordability 3) Supply 4) Demand 5)
Investment Value. The Economy section is broken ...
Make your money work for you from as young an age as possible!Ask yourself a question: are you working for your money, or is your money working for you?
If you are stuck thinking about working for money, it's time to become your money's boss.Your first step is to make your money work for you, as soon and as much as possible, ...
May 14th is just around the corner and every mum deserves to be absolutely spoilt on this day. We understand that not all of us are in the position to buy our mother's a brand new car or all expenses paid holiday. But lets be honest its not about the size of the gift, it's about making them feel loved and appreciated ...
Most people (including me!) at some stage in their life will have to deal with debt - it's a fact of life, no matter where you come from. There are three different types of debt:
Good Debt that will eventually being you a positive return, such as investment debt.
Bad Debt that keeps you in a cycle of owing money, such as your own home loan.