Behind every successful man is his woman. Behind the fall of a successful man is usually another woman.
The concept of saving and investing is very weak in our modern society as most of us are ardent consumerists who are trained to spend from earliest childhood. The goal of this website is to promote financial literacy that would lead to greater financial understanding, confidence, motivation to save and invest.
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RBA Tells Homeowners: Stop Spending, Fix Your Balance Sheets

RBA Tells Homeowners: Stop Spending, Fix Your Balance Sheets

The RBA has a word of advice for all homeowners: stop spending. As silly as that sounds, that’s exactly what Philip Lowe suggested in a speech last night.
The post RBA Tells Homeowners: Stop Spending, Fix Your Balance Sheets appeared first on The Daily Reckoning Australia.

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Warren Buffett, Meet Jesse Livermore

I’m not a trader in the sense that Livermore was. But by combining the lessons from these two disparate approaches, you can become a much better investor.
The post Warren Buffett, Meet Jesse Livermore appeared first on The Daily Reckoning Australia.

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Deposit Tax to Hit Big Four Banks, Exempt Smaller Lenders

The government’s long publicised plan to hit banks with a deposit tax is closer to lift off. And the big four banks are st to bear the brunt of the reforms.
The post Deposit Tax to Hit Big Four Banks, Exempt Smaller Lenders appeared first on The Daily Reckoning Australia.

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China’s Yuan Devaluation is the Next Step Towards a Global Reserve Currency

China’s devaluation of the yuan came as a surprise to many observers. The People’s Bank of China debased the yuan 1.9% against the US dollar yesterday.
The post China’s Yuan Devaluation is the Next Step Towards a Global Reserve Currency appeared first on The Daily Reckoning Australia.

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Wage Growth Falls to Record Low 2.27%

At 2.27%, the pace of wage growth slowed to its lowest rate in almost two decades. And it tops the previous record of 2.29% set in the March of this year.
The post Wage Growth Falls to Record Low 2.27% appeared first on The Daily Reckoning Australia.

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