Darren Titmus

When discussing financial success, many people tend to use the terms “rich” and “wealthy” interchangeably. While being rich is often associated with having a lot of money or material possessions, being wealthy is about having financial abundance that is sustainable over the long term. Being Rich Being rich is often associated with having a high net worth, a large income, or significant assets. It’s a term used to describe people who have accumulated substantial money or wealth. However, being rich…

Payday lenders are flourishing and while their advertising makes it all sound so simple, there’s always a price. Here is a better solution to payday loans. Tara decided to replace her clapped-out car with a shiny new one. The repayments were affordable: $350 per fortnight over three years – easy! All was going well until a month arrived that had five weeks instead of four. Tara’s fortnightly repayment cycle fell on the fifth week meaning that her monthly salary had…

They have been around for decades but interest-free deals can still be confusing and costly when not managed correctly. Excitable advertising can make these offers almost too good to refuse, particularly with longer terms applying to higher levels of finance. For example, to get five years’ interest-free on purchases from some retailers, the minimum spend is $1,000. This simple condition could turn a necessary purchase of say, a new fridge, into a multiple purchase prompted by the seemingly innocent question,…

You’re probably already pretty impressed by what your smart phone can do, but have you thought of it as a wealth builder? Yes you can use it to create wealth. It’s all down to the apps you can install, and there’s an increasing range to help you manage your spending, supercharge savings, complete your tax returns and manage your investments – all at the tip of your fingers. Track your spending Most people approach the ‘b’ word – budgeting –…

If you think that being only a few days late making a payment on a loan doesn’t matter, think again. Even the smallest lapse could potentially affect your credit worthiness and credit rating. Most people are aware that a loan default will automatically be recorded on their credit report. However, what many people don’t realise is that under the Australian Privacy Act even late payments made to a credit provider will smudge a previously clean credit history.  Specifically, payments for amounts exceeding…