The rich get richer -But why?

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Why do the rich get richer? You can get grumpy about this fact, or you can learn to understand it and join them.

Now if you follow the Profolio way you will be investing at least 10% of your income at any time. If you are not, you need to go back and complete our 4 part budget program to nail the basics.

Lets look at 8 reasons the rich get richer, and ways you too can join the ranks of the ...

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RBA Rate cut- What does this mean for you?

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The RBA announced yesterday a rate cut of 25 basis points bringing the interest rate to a historic new low of 1.75%.

 

GAIN FOR MORTGAGE HOLDERS

While three of the top four banks have passed the rate on in full, ANZ customers (myself included) won’t be so happy as ANZ only passed on a .19% cut, using the excuse they have recently had a profit slump.

NAB announcing first, followed shortly by Bank of Queensland, Westpac, and Commonwealth Bank. All banks are looking ...

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Is 2016 the right year to sell your investment property OR What are the signs that you are ready to sell your property?

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What a crazy year the property market saw in 2015, while some areas such as Sydney, and Melbourne were seeing crazy growth, others were plotting along and mining areas were crashing now the mining boom has fizzled. Plus the government enforced new lending policy which saw a majority of investors loan repayments go up by almost .3%! I can see why some investors might be considering pulling out of the market. So what does 2016 have in store? Of course ...
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Which mistakes should first-home buyers avoid in 2016?

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I like to share with my readers questions that get asked. I was asked this recently by a journalist, and I figured my readers might want to hear the answer too.
This question is easy- I see clients ALL the time that have bought themselves a shiny new home for their first house, which is great, because of course they get the First Home Buyers Grant to help with the deposit and they got everything they ever wanted. However, then reality sets in. ...
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When to fix your interest rate? You can’t outsmart the banks

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A common question we get asked is; when to fix your interest rate?

Although the answer to this may vary for different peoples risk tolerance and attitude to debt, the message behind it is clear.

As a rule of thumb, if the fixed rate is higher than the variable rate, the banks think rates are going up. If the fixed rate is lower than the variable rate, the banks believe interest rates are coming down. The bottom line is, if you think ...

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