Six cognitive biases that influence how we save, spend and invest money We like to think we’re rational beings. But the reality is that a lot of our daily behaviour is influenced by our subconscious. Behavioural scientists have looked at the way human beings are wired and discovered some ‘cognitive biases’ that influence our everyday … Read more
Should I borrow to invest in shares? Borrowing, or gearing, can help you accelerate your wealth creation. It can allow you to buy assets such as an investment property, or shares that you may not be able to afford outright. However, borrowing to invest is considered a high risk strategy and can result in you … Read more
With a little bit of planning you should be able to successfully avoid having the joy of starting a family compromised by the financial burden of doing so. Based on research by the National Centre for Social and Economic Modelling (NATSEM) it costs over $406,000 to raise one child from birth until they finish their … Read more
With a little bit of planning you should be able to successfully avoid having the joy of starting a family compromised by the financial burden of doing so. Based on research by the National Centre for Social and Economic Modelling (NATSEM) it costs over $406,000 to raise one child from birth until they finish their … Read more
If you’ve only recently started earning for yourself, taken out a mortgage or started a family, you’ll know it’s a far cry from the teenage impulse to order up that amazing jacket right now. Of course, giving something up involves sacrifice, which doesn’t sound like fun. So instead of thinking of the pain, concentrate on … Read more
Ever since King Alyattes of Lydia minted the first coin in 600BC, humanity’s relationship with money has been constantly evolving. Fast forward to more recent developments and mobile banking was offered to European consumers as early as 1999, with contactless payment cards appearing in the UK in 2008. When it comes to money, fashions come … Read more
Estimates of the size of the sustainable investment market vary from around $23 trillion to almost $31 trillion, with responsible investment taking into account environmental, social and governance (ESG) factors in investment decisions, whereas ethical investing being more of a values-based approach. In Australia, investments managed in an ethical or responsible manner came in at … Read more
So you’ve found the lifestyle apartment of your dreams. It’s a stone’s throw from the CBD’s trendiest shopping street, boasts fabulous views of the sea and comes with a fully-equipped kitchen boasting European appliances plus luxury spa bathroom. OK, it’s a bit pricey but it ticks all the boxes, and you can worry about the … Read more
If you’ve taken a look at your finances recently, you may have found yourself with a few debts. While it’s possible to pay them off by simply keeping up your minimum repayments, you may want to get them sorted quicker. If so, here’s a few simple steps to help you pay off your debts sooner … Read more
Is money the key to happiness? Numerous research reports and studies agree having more money can lead to improved wellbeing, but only up to a point. It seems that once your personal income cruises past roughly the six-figure mark, you can’t expect to get any happier from having more. How you spend your money, on … Read more