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…
-
-
The Way We Think – 9 Cognitive Biases
Reading Time: 4 Minutes The market has bottomed, buy buy buy!!! The market has more to fall, sell sell sell!!! Hi guys! So those are the two main themes out there regarding the state of the market. Those two messages are polar opposites of course, and just like Arthur Fleck, the last couple of months has left you confused, exhilarated, disturbed and above all, in shock. So why are there two distinct views at the opposite end of the spectrum? It’s because of the way we think. Or more specifically, our cognitive biases. Cognition You see, most of us like to think we are rational people, in that we are…
-
15 Personal Finance Habits Everyone Should Follow
Reading Time: 3 Minutes Howdy all! Recently I received a question from a loyal reader named JD regarding a cheat-sheet of personal finance habits everyone can follow. Good money habits start with keeping what you’ve earnt, which leaves more $$$ left-over for investing! Here’s a quick list, enjoy! 1. The most basic one, is to start paying better attention to your finances. MrsFrugalSamurai has come leaps and bounds with her personal finance habits since our dating days. Back then… well at the risk of a frypan to my face, let’s just say it wasn’t… ideal. But now, she’s turned into a money whizz! Keeping track of her expenses ensures she…
-
Coronavirus and its Impact to Australian Real Estate
Reading Time: 3 Minutes Hello everyone! How are we doing? Hope you’re not going stir crazy cooped up indoors all day! Lately, quite a number of people have asked what the impact of the Coronavirus will have on our housing markets. I wrote a very short paragraph in an earlier post Blueprint For Investing During The Coronavirus Pandemic but I feel like it deserved a post on its own. So here goes. “Takes a deep breath”. History This is an economic crisis as much as a health crisis. So firstly, it is important to look back on history and have a look to see what impact economic crises have had…
-
The History Of Pandemics, COVID-19 In Perspective
Reading Time: 2 Minutes Geez, some of the news just goes from bad to worse right guys? Stay safe, stay vigilant and above all, wash those hands! Despite all the chaos and disruption and FEAR, I thought perhaps we could take a step back and ask why? Why is this happening? And more importantly, why is it happening now? The answer is… … It’s always happened. By this I mean pandemics, and viruses and natural illnesses have always been a part of our history. Indeed, some pandemics have been far, far worse than COVID-19. Our friends at Visual Capitalist constructed a brilliant post on the history of pandemics to give…
