Australian Investment Education

There is often debate among parents as to how to best teach your kids about money. Whether it be pocket money or part time jobs, join us this week as we jump look at what tools we can use to teach our kids about money: Pocket Money Regular pocket money for no reason is a common method for parents looking to introduce their kids to money and saving. Other parents may opt to only give their kids money in return for doing chores or even use money as an incentive for goals. Host Andrew Baxter equates regular pocket money for nothing to child welfare in as far as rewarding kids for no effort. The effect it can have is that the relationship to money becomes that if you ask for it it comes and you do not need to work for it. This is problematic because as we all know – money comes to those who earn it. This is not to say that needs should not be met but simply handing out cash may not work to serve kids well into the future. Household Chores As mentioned, plenty of pare...

There is often debate among parents as to how to best teach your kids about money. Whether it be pocket money or part time jobs, join us this week as we jump look at what tools we can use to teach our kids about money: Pocket Money Regular pocket money for no reason is a common method for parents looking to introduce their kids to money and saving. Other parents may opt to only give their kids money in return for doing chores or even use money as an incentive for goals. Host Andrew Baxter equates regular pocket money for nothing to child welfare in as far as rewarding kids for no effort. The effect it can have is that the relationship to money becomes that if you ask for it it comes and you do not need to work for it. This is problematic because as we all know – money comes to those who earn it. This is not to say that needs should not be met but simply handing out cash may not work to serve kids well into the future. Household Chores As mentioned, plenty ...

The focus of this podcast is usually ways to attract money but this week we have something a little different. Join us as we discuss some of the things we consider to be money repellents and how you can avoid some of these. Don’t Rely on Hope People often say that things will get better if they just give it time without noting anything they should be doing to make it better. Good things come to those who take action and simply sitting back and waiting is a good way to ensure you do not progress. Host Andrew Baxter’s advice – get yourself set with a plan and specific action steps you can take in order to work towards your goal. The very first step is deciding what it is exactly that you want and then setting up your actions around that. A good start is planning out how you use your time and what exactly needs to get done to achieve your goals. Benchmarking Against Others The age of social media has brought a certain pressure on many people as they see people onlin...

 The stock market is a massive puzzle that is changing every day. Nobody knows everything about the stock market, however we have a few things for you that you may not know. Join us this week as we dive into 5 things you may not know about the stock market: Money is Never Lost in the Market For many who have seen their accounts become smaller and smaller over time, this one may be tough to believe. The truth is however, money never simply disappears on the stock market, it merely changes hands. Host Andrew Baxter points out that where there are buyers, there are sellers meaning there is always someone else on the opposite side of any trade you take. What is happening is merely a transfer of ownership between people who have different opinions on where the price is going to go where someone is wrong and someone is right. The majority tend to find themselves on the losing side with a small percentage of people occupying the winning side. When frustrated with the stock...