The safest place to hold your money in the short-term is in cash. Sounds obvious, but cash is money. Shares, property, bonds, gold and pension funds are all assets whose value constantly fluctuates according to the whims of their markets. You can only be certain what such assets are worth when you come to sell [...]
2007
The first step to financial freedom starts with how you think about money. You must resolve, now, to get your finances in order. Stop fantasizing that a lottery win or an inheritance is going to make you rich overnight, and resolve to do it for yourself. Commit to setting long-term financial goals, and to learning [...]
“Do as I do, not as I say” is a useful maxim in life. It’s one instinctively understood by children (“But daddy, you ate three packets of crisps and YOU never clean YOUR room – it’s unfair!”) and politicians (“But you, Snouty and Fatcat already have knighthoods – it’s unfair!”). But can mimicking the wealthy [...]
Richard Farleigh has made a lot of money via the markets – tens of millions, maybe hundreds. This book doesn’t give a precise number, though we do learn that the Australian investor’s first ambition was to be a bushranger like Ned Kelly. (Think highwayman Dick Turpin with a bucket on his head. Not so far [...]