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…
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The Evolving Great Australian Dream
Reading Time: 6 minutes Ah yes, the Great Australian Dream. What is it you ask? Well, since the beginning of time, us Aussies – we’ve got this fascination, no, not the right word, this need of owning our own home. The insatiable desire for the quarter acre block and a piece of land we can call our own. I’ve discussed it previously in some of the earlier blog posts (here and here) regarding our attitude to real estate. Not only does the property market provide housing to all of us – it is also an enormous asset class which dominates the media airwaves and creates a huge number of jobs. Which…
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What Are The 3 Big Financial ‘Mistakes’ That People Make (and the first thing they can do right now to rectify them)…
Reading Time: 5 minutes Today’s post is courtesy of my friend Light Beam AKA “Mike’s friend from Canberra”. Light Beam works and resides in our nation’s capital and is employed in the public sector. But what makes Light Beam different to most public servants is that he works for the government body which sets and implements our economic policy. That’s right – Light Beam pulls the strings for the Treasury department. Suffice to say that Light Beam is a pretty switched on kinda guy and someone who knows a thing or two about finance. Inevitably our conversations end up talking about a financial topic or two whenever I get the…
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5 Ways to Combat Stress
Reading Time: 5 minutes What’s up guys – how y’all doing? Hope everyone’s having a great weekend! The days are slowly getting longer which means we’re coming through the back end of winter, as we limp forward through the second half of 2018. How’s your year coming along? Hopefully it’s been productive and fruitful so far. If not – don’t fret, still some time left to get cracking! Sometimes though, I have this feeling that I’m spinning wheels for the sake of spinning them as opposed to actually gaining any ground. Know what I mean? These days, there’s a seeming badge of honour to boast as to how “busy” we…
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Go On, Reflect!
Reading Time: 3 minutes Last night whilst watching the 3rd/4th playoff of the World Cup – I found myself in an inadvertent quasi high-school reunion. There were 7 of us and more than half of the group I have not caught up with in years. What a pleasant surprise to see such old faces, all grown up! They say people change, but yknow honestly – I don’t think we’ve changed much, if at all – deep down, the same pimply, scrawny and adolescent schoolboys jostling each other, trying to one-up and cheer each other on. Boys will be boys. You know, it’s funny when you look back and remember your…
