I was just surfing a forum and found a question from someone asking how individuals are using the 80/20 principle while undertaking tertiary study to achieve their desired results at university. Below is a list of a few quick tips I listed in response.1: Study in an area you are passionate about: I am studying a Bachelor …

What are some of the ways you can invest in yourself? There are several but they generally have to do achieving one of the following objectives: Teach you a new skill. Improve your health. Improve your finances. Improve your spirit. Make you feel more confident (long term). Improve employment opportunities. Some examples that meet the above …

You don’t have to look far to see that high profile celebrities and millionaires are always contributing to society. While it may not be publicized, many of them believe in the importance of the redistribution of wealth and helping others to achieve success.Contribution to the world can be done in many ways if you are wealthy. …

Increasing your earning ability is one of the most important pillars, as it can dramatically boost your results in all the others. While everyone focuses on passive income as a goal, if you can increase your ability to earn you will progress a lot faster.Usually you can receive a little more by giving a little more.How …

Will you have a sufficient income level when you retire?This is a question many people are considering in the current climate as share prices fall, superannuation returns drop and employment has diminished. Being able to retire not only with enough money to live, but with an income that will support the lifestyle you dream of is …

There are three ways that entrepreneurs, investors, etc. commonly view as ways to make their home an asset. They are as follows: Buy a house outright/pay off your loan ASAP. Don’t buy a house, rent and invest the difference + deposit. Don’t buy, travel abroad and live in luxury on lower expenses, then invest the …

You need to be able to protect the wealth you establish from loss. There are many ways you can lose wealth that is starting to build including: Spending it before you can live off the interest. Investing in areas in which you have no knowledge, leading to bad decisions. Not having the correct investment structures …

There are three vehicles a person can invest in to improve wealth: Career Property Businesses (Shares) Ideally you would have investments in all three, but when just starting out this is not so easy. What you need to do when starting out or just gaining traction is to take the little you have and multiply it …

Most people cringe when they hear the word budget. This is primarily due to a scarcity thinking and the belief that a budget ‘limits’ what one can do with their income. The first thing you need to do in relation to budgets is to change your mindset. Believe there are benefits, and that a budget can help …

How does one best prepare and manage during a time of financial crisis? There are several actions and habits which can be implemented, all of which will begin to make lifelong changes to one’s financial situation. I will be calling these the ‘Pillars of Wealth’. Just like a Pillar holds up a house or another …