Should I rely on the Bank of Mum and Dad? / Should I lend money to my kids?

A worrying new report names the so-called ‘Bank of Mum and Dad’ as Australia’s 5th largest lender. This ‘Bank’ – Aussie parents – have collectively lent their sons and daughters more than a whopping $65 billion dollars. Almost a third of parents now help their kids buy a home. The average amount ‘lent’ is $64,000. […]

How can I talk about money to people who don’t want to listen?

Last year, I took a long break from posting, in part because I was working on other projects (finishing off my first novel manuscript, yay!). But it was also in part because I felt sick of talking. Specifically, I was sick of talking about money to people who don’t want to listen. If you have […]

What is an investor?

What do you think of when you read the word ‘investor‘? What mental image springs to mind when you hear that word? Perhaps you’ve heard this riddle: A father and son are in a horrible car crash that kills the dad. The son is rushed to the hospital; just as he’s about to go under […]

Do we need finance books for women (or minorities)?

Look up the words ‘finance’ and ‘women’ on a bookselling site like Amazon (not that I’d recommend you buy anything from them) and you’ll find over ten thousand books. Switch out ‘women’ for ‘men’, and you’ll find half as many. And most of these simply mention the word ‘man’ or ‘men’ in their titles in […]

Can you succeed financially with kids?

Recently, I caught up with someone I hadn’t seen for a long time. Two decades, in fact. And they asked me what I’ve been doing. I gave them the canned version of events, ending with my most recent news (that my husband and I had left our jobs a year and a half ago and […]

Does money grow on trees?

When I started this blog a year ago, I used the ‘About me‘ page to tell the story of my childhood dreams of a money tree. How I planted my pocket money in the hopes that it would sprout into an everlasting supply of wealth. Over the past year, since starting Enrichmentality, I’ve come back […]

What are apps teaching kids about money?

While both parents and children report schools aren’t doing enough to teach financial literacy, 75% of American parents (and 74% of kids) believe financial apps are ‘a good way to teach [kids] about financial matters’. Games tied with food as the number one purchase made by kids, followed by toys (tied with clothes). A survey […]