Reading Time: 3 Minutes GOAT. Legend. Genius. Are the words that I utter to myself looking in the mirror. And they’re also some of the labels Michael “MJ” Jordan has worn during his time on and off the court. How lucky are we, to have obtained a unique insight into what drives the great man, in the Netflix documentary – “The Last Dance”. If you haven’t seen the doco, even if you’re not a basketball fan, do yourself a favour – please watch it. Because as you will see – besides being a supreme athlete, a marketing phenom and one of, if not THE greatest basketball player of all time…
-
-
“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…
-
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,…
-
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…
-
Jobs, Jobs, Jobs
Reading Time: 2 Minutes Hey what’s up everyone! There’s been many prickly issues which have popped up as a result of COVID-19. A major one of course, is jobs. Or rather, job loss. Some estimates state almost 1 million Aussies have lost their jobs, implying a jump in the April unemployment rate to 11% (for context, March was 5.2%). Ouch. Today’s post is on some insights into the current Australian job market in the midst of this pandemic. Thanks to Indeed for these stats! Oh, if you’re also keen on finding a new job, why not check out Jooble and begin your search? Supermarket jobs FTW A big surprise has been…
