Why is it so hard to save money? It turns out our brains are terrible judges of likelihood and chance.
Gaslighting seems to be trending everywhere as one of the most callous forms. Yet there is another kind that people need to aware of – financial abuse.
Do we think property and shares will do better than 4% over time? Of course we do. But we made the choice to become debt free on our home because we sleep better at night, writes Paul Clitheroe.
‘Sell in May and go away’ doesn’t always hold true. Last year the ASX rose over May then jumped ahead in June and July, right through to the end of August.
We buy cars we can’t afford, eat in overpriced places, purchase clothes that put us into debt. Above all, we never, ever talk about our actual finances with anyone. Why?
Over-confidence means you are less likely to diversify, but you don’t want to be so under-confident that your money is going backwards. Here are the traps to avoid.
When you succumb to the lure of a luxury handbag or the convenience of a takeaway meal, it’s not your rational brain in charge. It’s your inner ape.
Rob and his partner have been reluctant to invest in the stock market. Paul’s question: Goodness, Rob, what on earth are you doing with an SMSF?