Have young kids? Well, now’s the time to introduce them to the concept of saving, and there’s no better way to do that than opening up a bank account for them. As parents, we play a critical role in educating our kids around money and, within that, establishing positive habits around spending and, more importantly, saving. To this end, if you’re good with money, chances are,...
The word ‘debt’ cops a bad wrap, in my opinion. Mention debt, and our minds tend to jump to the negative connotations of the word. And rightfully so. ‘Bad’ debt is exactly that – not great. Meaning, any debt that’s not going to make you money over the medium to long term (aka building your wealth) is something you want to avoid like the plague. Well, as much...
Trade wars aren’t new. They’ve been played out throughout the annals of time. So why is the US-China Trade War, which seems to escalate with every passing week, any different? Well, that’s a tricky one to answer. The short answer is the global economy’s been on pretty shaky ground since the Global Financial Crisis. Meaning the world’s two largest superpowers rattling their sabres is shaking what are...
Being in debt ain’t fun. Particularly if it’s credit card debt and the compound nature of interest (in reverse!) means you can see no end in sight in terms of paying it down. I met someone recently who has racked up close to $30K between two credit cards over the past 18 months. She also has close to $3K on Afterpay. Both cards, I’m guessing, would be...
There’s a lot of uncertainty in the job market nowadays. Long gone are the days where you’d work for the same company for 20 to 30 years, get the gold watch, comfortably retire, play golf and put your feet up. Enter 2019, and the whole notion of a full-time job’s fastly becoming a thing of the past. Things have certainly shifted dramatically in the last five...
