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…
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June Net Wealth Update
Reading Time: 2 Minutes Amazing that we are past the halfway mark of 2020 already. Does anyone else feel like the height of the pandemic in March was only yesterday BUT somehow feels so long ago? “Puts hand up”. May’s net wealth update highlighted the risk of a 2nd wave, and with Victoria in lock-down and NSW seemingly next, that 2nd wave is on our doorstep. Please. No. More. I think most of us are pretty much over 2020 and just looking forward to 2021. But I feel like we haven’t seen the last of the volatility, and with that – the rollercoaster of the markets… I’ve been trimming some…
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Financial Lessons From 2020 (So Far)
Reading Time: 5 Minutes Whoa ladies and gentlemen – it’s the midway point of what has been a VERY interesting year to say the least. A big determinant of future success is leaning on past experiences and it’s always good to have a bit of self-reflection. Therefore today’s post will be the perfect opportunity for that. Now, before we begin – these are my lessons for my future self, you may agree, you may disagree but I do hope you find them thought provoking. Lesson 1 – Nothing Beats Experience I think 2020 has once again shown up the fundamental difference between book smart vs street smart. I look back…
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May Net Wealth Update
Reading Time: 2 Minutes Hello all! Hm, well not too much has happened this month to tell the truth. Of course, broadly speaking May saw the easing of social isolation measures for Aussies as a whole. But we must remain vigilant people! The risk of a 2nd wave is increasing each day as more and more of us step outdoors. On a personal level, I haven’t made any enormous moves – just been steady as she goes. I must admit I did get too greedy when the market bottomed in March, as I didn’t think valuations were on discount enough to plunge deep. Which has seen me miss out on…
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60% of Australian Renters Are Facing Affordability Issues
Reading Time: 3 Minutes The Australian economy has been stopped in its tracks due to the Coronavirus lockdown. Personally I’ve been fortunate that I am still employed (for the moment) and have a paycheque coming in. But as you guys know, the majority of our net wealth is in residential real estate, so I’ve been mentally preparing myself for the increasing likelihood that one, some, or God forbid, ALL of my tenants will seek some form of rent relief. And lo and behold, it happened today: Hello The Frugal Samurai, The drastic measures that the government has put into place right across Australia to ensure a flattening of the curve,…
