Finances
In 1983, money came out of the closet. Up until then any discussion about money was taboo and considered uncouth. No-one ever talked about how much their house was worth, or what shares to buy, or whether to buy Aussie dollars now to get the best rate before they went on holidays.
Term deposits were considered financially sexy. No-one had heard about managed funds, superannuation or property syndicates unless you were among the rich and famous.
At that time treasurer Paul Keating floated the Australian dollar and deregulated the financial system.
Continue reading "Stop talking about your money, spend it!" »
Is it only in obnoxious cities like Sydney where people bang on about interest rates and property prices?
And is it just people I’ve met or is it all of you? Don’t lie – I watch a lot of TV and judging by the nightly news and those current affairs programmes on commercial stations, everyone is obsessed with this stuff.
There are endless stories on the big banks ripping us off with higher rates, tips on how to invest in property, what the next hot areas to buy into will be etc etc.
Continue reading "Home ownership is a trick being played on you" »
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Carrie Miller says:
And I’d love you too Kat but I’m guessing you’re a girl and that State wouldn’t approve. Read more »
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Catharine Lumby says:
Carrie, Marx was right about many things. Despite having read him in German (I’ll sue Syd Uni one day for making me do that) let me observe that when you have a ton of money you don’t give a sparrow’s fart about mortgages anymore. What you care about is being… Read more »
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