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Tag: Mortgages

Age is no barrier to building wealth, but how do you work out the best investments for your age?

THPPPPT! Wealth? Are you serious? Gen Xers are supposed to do that … how? We’re getting married, saving deposits, replacing those savings with monster mortgages, preparing for and then raising midgets, often on one salary … Creating wealth is possible for my generation. Not. Actually, Gen Xers, they’re excuses. And they’re pathetic, like the recent […]

Paying your dumb debts first can save you thousands

I’m feeling an arctic breeze blowing through my world, but I can’t hear the “Happy Feet” tapping of penguins. I’m feeling a little vulnerable, a little skittish. Actually, I’m feeling a little like Tinkerbell. Peter Pan warned the kids that if Jane stopped believing in fairies, “Tink’s light’s gonna go out”. She’d just plain disappear. […]

This useless fluff is unlikely to deliver the goods

I feel like Homer Simpson at this time of year. Um, actually, maybe “I look like” Homer Simpson. After 25 Christmas parties in 25 days, I can’t see my belly button. I’ll tackle that in January. What I need help with is … what is that thing in my navel? Is it just useless fluff? […]

What are the most important financial lessons you have learnt this year?

Little DebtBoy starts school next year. He’s more excited about it than Christmas. More than anything, I’m desperate for him to love learning. If I can instil in him a passion for knowledge, my most important job as a dad will be done. Constant learning deepens your understanding of everything – even outside the area […]

Not everyone is cheering about interest rate cuts

Newton’s Third Law of Interest Rates: “For every cheer, someone sheds a tear.” I know, there’s no such thing. Sir Isaac was no economist (the dismal science). He was a physicist (something that deals in relative certainty). But you could convert all three of his laws of motion into equally accurate money rules. Most notably […]

How do you plan to keep a lid on your Christmas and holiday spending this year?

By selling my children. And maybe also a kidney. That will both keep a lid on spending, and raise some bucks at this most expensive time of year. Sure, saying farewell will be sad. Maybe I can arrange visitation rights. Will the guy who buys my kidney want to catch up for coffee? Kids add […]

Redraw, offset best by all accounts

What do Bob Hawke, Lance Armstrong and Bill Clinton have in common? All are very smart people who have said some really dumb things. Remember these classics? “I have never doped.” “I did not have sexual relations with that woman.” “By 1990, no Australian child will be living in poverty.” On a stupid scale of […]