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. […]
In my first post in this series on the economic fallout of covid-19, I asked whether banks are the heroes of our current economy. The answer was a resounding no. But now, as thousands across Australia are losing income, either from reduced hours, a decrease in business, or even a complete loss of employment, many […]
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 […]
It’s Easter, 2020 as I write this, and most of us are home. Close to two million people have been infected with Covid-19, and more than 100,000 have tragically passed away. It’s hard to see when things will go back to ‘normal’. It looks like Australia’s borders will be closed until at least the end […]
It’s the holiday season! The most wonderful time of the year… At least, that’s what I keep telling myself as we watch The Million in this Queensland heat! But the most wonderful time of the year can involve a lot of waste. Every year in the UK alone, Cloud Sustainability reports, some 74 million mince […]
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 […]
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 […]
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 […]
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 […]
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 […]