Reading Time: 6 Minutes Ever wanted to know how Aussie household wealth is doing? Well, it seems like the gap between the have’s (them) and the have-not’s (us) is increasing. That is to say, methinks dem rich are gettin’ richer. But don’t just take my word for it – the latest Roy Morgan (amazing research guys) Wealth Report has shown that the biggest gains in the past decade have been among the wealthy top 10%. What about us poor buggers in the bottom 50%? Our share of private wealth fell from a measly 3.9% (yes, 3 point freaking 9) a decade ago to… 3.7%. “Shakes head” Just wow, those at the…
-
-
4 Reasons Why Property Prices Won’t Drop 40% Soon… and a Story About When They Do!
Reading Time: 7 minutes “Hey The Frugal Samurai, what do you think of the 60 minutes report?” What 60 minutes report? “You know, the one about house prices dropping 40%?” Oh… you mean this one (here)? “That’s the one”. Yeah nah, forty percent? That’s gotta be a typo. But no guys, it’s not a typo – it’s a very real and very “legitimate” story. Suffice to say, this story made sensational headlines in the media and property industry at large. Ah us Aussies – we love a good story about our real estate markets don’t we? Put any emotional words with the words “Australian” and “property” and it’s guaranteed to…
-
Chinese Golden Week
Reading time: 5 minutes Whew, we are back boys and girls! Back from where? Well, China of course! Been a pretty epic trip this time, as chronicled in the last two posts (here and here). Although we spent the majority of the time in Beijing, we were pretty lucky (or unlucky) to experience Golden Week. What’s Golden Week? Well, Wikipedia explains it as the “week from the 29th April to early May containing a number of Japanese holidays”. Nice, nice – the Japanese really deserve it you know? What with their car-making, raw fish and exemplary manners. Good for them. Eh? Why’d you tell a story about Japan, weren’t you…
-
CHINA!
Reading time: 3 minutes Yes, that’s right party people, The Frugal Samurai is reporting back behind the Great Firewall! Ahh Beijing, how I have missed you! It’s gonna be great to spend a couple of weeks with the extended family and friends, can’t wait to catch up with them all! MrsFrugalSamurai is joining me for the second week – should be great showing her around the old haunts. Been back in China a couple of days now and I have to say, the changes in the Motherland every time I get back is astounding. This time last year, I was amazed at the technological advances – the free public wi-fi,…
-
What Path Would You Tell Your 15 Year Old Self To Go Down (Part 2)
Reading Time: 13 minutes OK guys, we are BACK! Who’s excited?!!! I know I am, let’s DO THIS. Do what you ask? Finish off the last post (read here), which was the first part of the response to my schoolmate DP ‘s question: Knowing everything you do now, what path would you tell your 15 year old self to go down? So let’s get to it, onto the next part! Wait, aren’t you forgetting something? Oh yeah, that’s right – before we jump in, I have to mention a big THANK YOU to everyone who commented and read through the previous post, it was one of the more commented on posts I’ve…
