Australian Investment Education

     Let’s face it – we all have our guilty pleasures. Whether it’s a glass of wine on the couch each night after work, an iPhone addiction, sweet tooth, or something maybe a little more sinister – we’re all guilty of having some bad habits in life. As someone who has specialised in managing money and providing financial advice for the last 30 years, I’ve come across some absolute shockers in the money space. These toxic money habits, which you probably don’t even realise you have, can ultimately hinder you from achieving your biggest financial goals, keep you locked in and controlled by consumer debt, and cause you more and more stress through life. #1 – Credit cards . Opinions have been split on these since inception and personally, I’m not really a fan. Having money that isn’t yours and is ‘free’ to spend can cause some (if not most) to go a little overboard on their spending. That pair of new shoes or holiday you’ve been longing for but just can’t quite afford? E...

  In today’s unpredictable economic climate, many individuals and families are grappling with mounting debt. Whether it's due to job loss, rising living costs, or unforeseen expenses, the burden of debt can feel overwhelming. However, with the right strategies, it is possible to regain control of your finances and work toward a debt-free future . Here are five effective approaches to help you overcome debt amid economic hardships. 1. Create a Realistic Budget The first step in tackling debt is to establish a comprehensive budget. Assess your income, expenses, and debt obligations to understand your financial situation clearly. Start by listing all sources of income and tracking monthly expenses, categorizing them into essentials and non-essentials. This will help you identify areas where you can cut back. Allocating a specific amount toward debt repayment each month can create a structured plan, making it easier to stay on track. 2. Prioritize Debt Payments Not all debts are create...

  Introduction In a world that constantly evolves, embracing change is a skill that can lead to personal and professional growth. The key to effectively navigating change and making the most of it is adopting a growth mindset. This mindset, developed by psychologist Carol Dweck, emphasizes the belief that our abilities and intelligence can be developed through dedication and hard work. In this article, we will explore the transformative power of a growth mindset and how it enables individuals to embrace change and thrive in the face of uncertainty. The Essence of a Growth Mindset A growth mindset is built on the foundation of seeing challenges as opportunities for growth and learning. Instead of viewing abilities and intelligence as fixed traits, those with a growth mindset believe they can develop their skills and capabilities through effort and perseverance. This mindset not only transforms the way we approach challenges but also influences our response to change. The Benefits of...