Money Management

The Power of a Simple Plan

A couple of years ago my wife dragged me along to the opening of an art exhibition. Dutifully, I stood there with a glass of bubbly in one hand and a quizzical look in the other. I felt as out of place as a sober dude on a dancefloor. Worse,...

Banking

Why Your Bank is Lying to You

Malcolm, I feel for you, brother. On Wednesday, after the banks behaved like brats by not passing on all of the Reserve Bank’s rate cut, the Prime Minister held a press conference. He said — essentially word for word — the same things I say to my toddler each night...

Getting out of debt

Set Yourself Free From Credit Cards

Let me tell you about my radio interview from hell. At the start of each year I do about twenty back-to-back interviews on financial resolutions for the new year. It’s meat and potatoes sort of stuff that I’ve been doing for over a decade (and will be doing a decade...

Buying your first home

A Shout out to all the Renters

I was born dangerously close to the VFL Grand Final. So when my mum brought me home for the first time, she was greeted by my dad and his mates (including the doctor who delivered me) drinking frothies and watching the game in the loungeroom. A generation later, things have...

$327,000 in Credit Card Debt and Drowning

While all the talk this week has centered on raising the debt ceiling, the real issue is the debt, and in particular the out-of-control spending that has caused it.

Buying a car

The Baby Boomer Bank

While we all drive different cars, we’re all essentially trying to get to the same destination. Whether you know it or not, you’re on a road trip to wealth.

Careers

HELP, HECS; Should I pay it off?

In the news this week it was revealed that some bright spark has accrued Australia’s biggest higher education debt – a massive $377,000 which I’m guessing wasn’t for a degree in accounting...