Opportunity Cost
I’ll start this blog with a question. When you spend money, how often do you ask yourself what you won’t be buying as a result of your spend? After all, you can only spend a dollar once. Whenever you buy something, that means there is something else that you cannot buy. Financial advisers call this the ‘opportunity […]
3 MINUTE READ Here’s a thought to ponder… The biggest regret of people over the age of 65 is that they didn’t save more money for their retirement. Retirement means no longer working (you don’t retire from life) and the reality is that most people don’t have the money to do all the things they’d […]
Having the right approach to money is the first battle that must be won on the path to creating wealth. People at all income levels offer up excuses about why they can’t save any money. You’d be surprised how many people I’ve met over the years who earn very little but are great savers and […]
When I was growing up, a million dollars could set you up for life. While a million dollars doesn’t quite go as far as it used to, being a millionaire is still the exception rather than the rule. There are around 234,000 millionaires in Australia so chances are there are a few living near you. The […]
One of the common reasons people often give me for not being able to do anything about improving their financial situation is that they don’t have any time available. You need to make time or you’re going to wake up many years from now and wish you had. Don’t leave your future-self hanging out to […]
One of the biggest misconceptions about becoming wealthy is that you need a lot of money to do so. Most people don’t have high incomes, however it’s not about how much you earn that will determine how wealthy you become, it’s all about what you do with the money you earn. I’ve seen plenty of […]
Here are 5 easy ways to start taking control of your financial situation… remember, money is just a servant, you are the master! Step 1: Review your financial situation The only person responsible for your financial situation is you. Work out where your finances are right now. Write down what assets and debts you have. […]
Are you the proud owner of one of these? Then you have a license to print money! Making money is actually pretty easy once you know how. The trick is to realise that it takes a combination of time and simple strategies to become wealthy. Anything offering a way to get rich quickly is either […]
Every year, millions of people start the New Year with a resolution. Many do it every year and many of them make the same resolution year after year… this year they really mean it! The top three resolutions are getting fit, losing weight and spending less. We have a problem though! In general, people don’t […]
It’s the time of year when you’ll often see or hear parts of Charles Dickens’ A Christmas Carol and the story of his ghosts of Christmas past, present and future. It’s a story that could easily be adapted to your financial life so let’s see how each of these “ghosts” can help you create a […]