How can you go from earning $150 million in 15 years, to being millions of dollars in debt? Quite easily it seems if you’re American actor Nicolas Cage, whose extravagant lifestyle and eccentric investments left his finances looking more like a horror story than a heroic Hollywood adventure.
A new report from the Grattan Institute has highlighted how rapidly rising house prices have created a housing affordability headache that is playing havoc with the financial futures of many Australians.
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.
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.