Buying your first home

A $25,000 Gift to First Home Buyers?

Should first home buyers be allowed to raid their super to fund a house deposit? “No”, declared Malcolm Turnbull boldly in 2015, before adding that it was “a thoroughly bad idea”. Then again, in 2015 the Minister for Networth also said that he thought Tony was doing a dinky-di job...

Money Management

How a Single Mother Made $17,000 in 7 days

I’m not proud of what I did this week. I used my position in the media to blackmail a man. (And it worked.) What follows is the true story of how I made a single mother $17,000 in 24 hours. Let’s begin … Pop! That’s the sound my brain made...

Kids and money

How Not to Raise a Spoilt Brat

Recently, I received the following email: “Hello Scott, We’re a PR firm representing a toothpaste company. We’ve commissioned some research on how much Aussie kids get from the Tooth Fairy. Can we pay you to comment on the research for our press release?” “No” was my firm answer. I mean,...

Family and legacy

How Much Does it Cost to Have a Baby?

About four years ago, my wife entered our living room waving a pregnancy stick above her head like she was Mitchell Johnson triumphantly screaming HOWZAT! at the umpire. “We’re pregnant!” she cheered. I was like a defiant Indian batsman disputing the inside edge. “Give me a look.” We both stared...

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,...

Money and relationships

Barefoot, should I call off my wedding?

My column last week — why engagement rings are a scam (and why you’ll buy one anyway) — went off like a drunk uncle on the dance floor. I was flooded with emails. Perhaps it’s because we’re in the peak season for weddings. Or maybe it’s because it coincided with...

Family and legacy

Why Won’t He Marry Me?

I’ve had a convicted murderer ask me for share tips from jail. I’ve had a wife ask me about life insurance payouts (while they were still married, and he was still alive). I’ve even had a few first division TattsLotto winners ask me how to hide their loot. But I’ve...

Kids and money

It’s Time For Some Tough Love

I get a lot of questions from grandparents wanting to know how to set their grandkids up. Here’s how not to do it. The Trust Fund Disaster Hi Scott, Our son died in 2006 leaving behind a one-year-old son and an insurance payment of $60,000. We put the money into...

Money and relationships

If you earn over $30k you need to read this

It hit me this week. After spending the last 18 months planning, designing, and building, we’ve finally settled into our ‘dream home’. And let me tell you it feels…‘okay’. I mean it’s a nice house, but it’s not like I wake up early to admire the designer taps in the...

A Letter to My Second-Born

You’re seven hours old. As I sit here beside your crib, typing ever-so-quietly, sneaking a look every so often at your squished-up face (hey, it’s been a rough day), I can’t get over that you’re just so … new. Baby, you’ve got something that everyone wants a lot more of....

Money and relationships

Homeless. In a Mercedes.

Kate stood in her local Coles, staring blankly at a freshly roasted chicken. She was starving. Hadn’t eaten all day. As her stomach rumbled, she grabbed the chook. Kate had never stolen anything in her life. She paced the aisles, racking her brain on how she could eat the meat...