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In business schools they used to have a saying: âwhat gets measured gets doneâ.
Perhaps they still do, for all I knowâŚeither way, itâs very true!
Itâs not uncommon to push wealth creation plans and personal finances onto the back-burner, because life so easily gets in the way.
But if you want to ...
There are a handful of decent quality stocks in Australia with strong growth prospects.
The problem is, the prices of many growth stocks right now are outlandish.
In the US equivalent stocks, the prices are often borderline ludicrous.
Not everywhere around the world has been so expensive, but at ...
As a vegetarian I was naturally thrilled to see the successful float of Beyond Meat (NASDAQ: BYND).
Thatâs great, but anyone can see that valuing a company with such tiny revenues at almost US$10 billion is also beyond ridiculous.
I donât mind using Uber either, for that matter, but imagine âinves...
If youâre seeking financial independence itâs probably time to let go of the idea that interest rates are going to rise meaningfully any time soon.
Itâs been becoming incrementally less and likely likely that income from term deposits or cash equivalents will form a powerful part of your plan.
Ind...
How to multiply results
Itâs been a slow couple of years in some industries, such as retail trade, real estate, and others.
Such is the nature of economic cycles.
How, then, do you grow a business in good times and bad?
There are ultimately only 3 ways to grow a business: find more customers, in...
The accumulation phase
During your accumulation phase, it can help to think of think of your personal wealth in 3 âwellsâ:
Well 1 â Liquid funds (<12 months)
These liquid funds can be actively managed, and while not a significant percentage of your overall wealth, should be large enough to cover ...
If youâre selling something that your competitors can do as well as you can then, frankly, who is going to care?
There will always be someone else prepared to deliver the same product or service, and someone will probably do it for less money as well.
On the other hand if youâre delivering a produ...
Buy and hold, or timing the market?
Itâs an age-old debate, and one which doesnât necessarily have a conclusive answer.
What is critical is not losing money, and continuing to compound your net worth over time.
At first your wealth grows steadily, until eventually it reaches an inflection pointâŚa...
