Reading Time: 1 Minute Hi all! So as they say, when it rains it pours and certainly that’s true with my Youtube channel. Isn’t it funny that it took me almost 6 months to change my mindset to get on top of the 1st video last week, and now… 6 days later, here’s the 2nd. Just shows what a powerful thing mindset is. Oh and before I forget, thank you for the overwhelming response to my earlier video, much humbled and appreciated! Anyway, without ado, here is number two! Once again, I hope it made sense to you and that you liked it. If you have any feedback, I would…
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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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“COVID19 – did it even happen?”
Reading Time: 3 Minutes This was a question posed in our investing group recently. It’s a little facetious I know, because Covid-19 undoubtedly DID happen – just look around you to see how the world has changed. But what the question was regarding, is the fact that the markets – the Australian stock market (ASX) to be specific, is charging full steam ahead for a V-shaped recovery. Case in point, there are now stocks whose prices are above their pre-covid levels! Stock A (well-known iron ore producer) Stock B (lesser well-known IT company) Of course, these are only two companies – but if I dig deep enough, there are…
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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,…
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5 Ways To Accelerate Wealth
Reading Time: 3 Minutes Good news Sydney! Looks like we are about to emerge from our Coronavirus cocoons real soon. “Whew” (wipes brow). But we have to stay vigilant people! Continue to fight the good fight. Still, being out to venture outdoors and seeing a friendly face is a welcome change. Mind you, I have been doing some thinking during this lock-down period. What on? Well, on ways to accelerate my wealth. Nothing too fancy like taking out butterfly options or land-banking R3 lots. Nah, just simple and easy things anyone can do such as… Using other people’s money You see guys, one of the biggest difference between how the wealthy…
