The media will often come out with generalisations like the gender wage gap is currently 16%, or that men’s Superannuation is near twice the size of a women’s at retirement.
Whilst these statements are true, they do little to get the real issue the attention it deserves. Because these articles are often met with rebuttals like ‘women do more service based jobs like child care and nursing which are lower paid’ or ‘women take time out of the workforce to raise children’.
Comparing simple averages across the whole workforce allows people to pick holes in the argument. And then conclude that the wage gap is a myth.Continue Reading →
Just over a week ago I was sitting in a room at Rydges Southbank in Brisbane with a brilliant bunch of bloggers at the ProBlogger conference.
I am a big believer in investing in yourself, so saw this as a great way for me to hear from people who have created a name for themselves in the blogging world. I wanted to learn all I could about serving my community and helping to get my money management message out to a wider audience.
As I sat in a room with over 150 other bloggers on day one of the two day event, Darren Rowse, the face behind the Problogger website, delivered his opening address.
He has been blogging for over 15 years and over this time he has learnt a thing or two about what is needed to remain a blogger over the long term.
The two core traits he identified were – Persist and Evolve.
As he was talking I could not help but jot down a note that these are also the two core traits you need on your journey to financial independence.
Let’s look at each of the traits in terms of how they relate to both blogging and money management.Continue Reading →
When it comes to managing your finances , it is important to know that there is no right way to manage your money.
I read lots of other blogs that talk about how they have tackled debt or gone about their investing journey.
And whilst there are some consistent themes among the stories, it becomes pretty clear that there is not just one way to manage your money.
The ways friends, family, work colleagues or even fellow bloggers handle their money will not necessarily work for you.
If you believe that there is a right way of paying off debt, managing your cash flow and saving for your retirement, an argument could be formed that if you are not doing things “the right way”, then what you are doing must be wrong.
I don’t prescribe to this way of thinking.
Of course there are different ways that can help you to reach your goal sooner or to get better returns on your investments, but that does not mean they are right for you.Continue Reading →
I started saving money as soon as I left high school and had a part time job during my university years. It was around this time that I got interested in investing. A big part of my education in this area was to read a lot of books.
I have compiled the list of the 5 books that had the most influence on me in terms of creating the right mindset around money. As well as giving me a starting foundation for how to manage my money better.
The books are a little bit dated now, as I did most of my learning about money back in the early 2000’s. Most of them have been updated since then with newer editions, but even if you have an older version the lessons are still quite relevant today.
Have you ever heard the saying, ‘money won’t bring you happiness’ or ‘money is a necessary evil’?
This is the underlying negative message we hear a lot in society. Even in Hollywood films, characters with lots of money are often portrayed as the greedy and selfish villains.
So, our relationship with money begins.
Just the other day I experienced this on a Facebook Group that I am active in. It is a group for mums to chat about finances and one of the mum’s asked a straightforward question about whether the changes to childcare rebates for high income earners were based on pre or post tax income.
Well didn’t the knives come out! This lady was not being arrogant, not once did she big note herself, in fact she even acknowledged that she doesn’t begrudge people on low incomes doing it tough and thinks they deserve the assistance.
All she was trying to do was to see how her finances would be affected by the change.
Sure enough the post turned into a slanging match of people saying that she doesn’t deserve anyContinue Reading →