Reading Time: 1 Minute Hello everyone, a very quick video on the different income streams anyone can start today. Many of us only have the one income source – our jobs, but as we have seen in the last few months, it’s never more paramount to diversify our income streams so you have others to fall back on. Transcript: Today’s video is on a very important topic in personal finance, and that is about building different streams of income. Most people only have one source, that is their job. But as events this year have shown, it’s never more important to diversify your income streams so if one fails, you…
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Australian Business Confidence Plunged in July
Reading Time: 2 Minutes Hey folks, On the theme of the last post in bringing out real-time economic data to your attention, I thought I would share the findings from the latest Roy Morgan Business Confidence report. Roy Morgan is one of the most respected and leading research houses out there and certainly a data source the market relies on. And their business confidence report is one of the most closely watched… because well… jobs, jobs and jobs! Oh yeah, and also business spending and investment. Suffice to say business confidence has plunged again last month. Naturally, the fall in July was driven by businesses becoming increasingly concerned about Australia’s…
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State of the States – How Each State Is Performing
Reading Time: 2 Minutes Hello everyone! Hope we are all keeping well during these trying times. We just heard this evening that Victoria will go into stage 4 lockdowns this week. These tough new restrictions will be an enhanced form of social distancing, and expected to last for at least the next 6 weeks. It involves 8pm curfews, closure of non-essential businesses and school students going back to home learning. “Gulp” Godspeed our Victorian cousins. Closer to home, all I have to say is: NEW SOUTH WALES ARE WE WATCHING? Why the state government is still taking a reactive approach… is beyond comprehension. Why not lock us down so we can get…
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How To Create An Emergency Fund (Youtube Video)
Reading Time: 1 Minute Greetings everyone! As promised, a short and insightful video on how to create an emergency fund. The importance of an emergency fund has never been more paramount than in the last few months. Go on, watch the video! Transcript: Today’s video is on the how, what and why of having an emergency fund. As this year has shown, now is the time to start boosting that fund! What is an emergency fund? An emergency fund is money you set aside to cover unexpected or urgent bills such as unexpected medical bills, an urgent car repair or perhaps unexpected travel expenses (like if you’re stuck overseas and…
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How The COVID-19 Pandemic Has Defined Our Generation
Reading Time: 2 Minutes Today’s post is a bit on the sombre side, courtesy of demographer Mark McCrindle regarding how the Coronavirus has affected different generations. According to his recent report, the age at which we’re exposed to a transformative event determines how embedded it will be in our psyche. And it’s unsurprising that 84% of adults surveyed agree that the COVID-19 pandemic will play a significant role in shaping the younger generations of today. Top 5 emotions in response to COVID-19 Similarly, COVID-19 has extended into all areas of our life – from the way we travel, to work, to shopping habits, socializing (or lackthereof) and how we approach…
