Posted in Smart Money Management

Here's how to start thinking like a millionaire and you don't need the exorbitant bank balance to do it! Want to be one of the 234,000 odd people in Australia with a "high net worth" i.e. a millionaire? According to global consultancy Capgemini's 20th annual World Wealth Report, there were 8000 more high net worth individuals in Australia in 2015, than in 2014. Largely thanks to low interest rates and more people investing in property. Interestingly, the report also s...

Two key financial steps to get right early plus, a guide to how much you will actually need to save for an early retirement. Attention millennials: the information below is not just about being frugal. After all, life is meant for living, right? Instead, this blog is about having a plan to reduce your debt and build your wealth so that you can work towards retiring in your 30s. Put it this way, if you start taking some simple steps now to get your personal finances in order, th...

Sick of multiple logs ins? Is keeping track of your personal finance too time consuming? Find out about the finance apps and online money tools that actually work. Mark Attard spoke with My Prosperity CIO Steve Jackel about exactly how to use technology to help track (and grow) your wealth this financial year. Download the transcript below.     P.S. Read our review of Australia's 3 best finance apps and online tools. ...

Research is key to understanding the best investment suburbs in Australia, and here's one report not to be missed. If you're looking to buy property before the year is out, this is a must-read report. Real Estate Investar has collated this list of 50 high growth suburbs in Australia. Researchers have analysed recent market rental and sales listing data, which includes both a dwelling type and bedroom number level.
Remember, while this report is designed to illustrate pote...

Plus, why having a tailored debt reduction plan matters. If you're like most people trying to get ahead, you have probably heard of the terms 'good debt' and 'bad debt'. So, what do they each mean? And, can any sort of debt REALLY be a good thing? Put simply, while there are many definitions of what constitutes good vs bad debt, broadly speaking here's the deal: GOOD DEBT
Good debt is debt that's used to increase your net worth by buying assets...