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Fear of missing out (FOMO) can also be a fear of regret or missed opportunity – a fact I’ve been reminded of this summer with the continued rise of Bitcoin and other cryptocurrencies.
The Federal Government will be opening the vault on banking practices across the country as part of a Royal Commission into the sector announced by Prime Minister Malcolm Turnbull last month.
I’m guessing it’s more than one. Once upon a time, it wasn’t unusual for a person to stay in a job for life. These days, however, the story is not so simple.
For punters keen to put some wisdom behind their wagers, there’s always plenty of racing experts sharing their tips on the first Tuesday in November. When it comes to investing, I also have a stable of financial heavyweights whose words of advice I turn to time and again.
If you’ve recently taken an interest in making the most of your money, it can be overwhelming coming to grips with all the options available. The list of questions seems endless: how do I start investing? Should I invest in property or shares? How much do I need to invest?
People often ask me what is the secret to financial success. In most instances, true financial prosperity is the result of hard work and commitment – it’s not something that is handed to you on a platter alongside the proverbial silver spoon.
Every week I talk to people who want to make the most of their money. Some clients who contact me aren’t quite sure where to start, while others know exactly what they want to achieve financially. What most have in common, though, is the tendency to put the cart before the horse (so to speak).
With $50 million on the line in this week’s Powerball draw, there’s sure to be more than a few people dreaming about what they would do if their numbers came up.
To the uninitiated, trying to get your head around cryptocurrency is bit like a parent trying to decipher a text message from a teenager – everything seems a little lost in translation. So if the recent news reports have left you thinking ‘WTF is bitcoin?’ – don’t worry, you’re not alone.
You work hard to earn a good income, so it’s only natural you want to treat yourself to a few nice things. But before you rush out to invest your hard-earned cash on the latest model 4WD, stop for a moment and consider one thing – how much is that new car really going to cost you?