Hi Everyone!
The 2009-2010 Federal Budget was released last week with what seems to be minimal changes for the working class. What they gave back in the tax threshold tax rate, they seem to have taken back in the private health insurance rebate, super co-contribution etc.
What's interesting is increasing the age pension age from 65 to 67 from 1 July 2017. Though this might sound quite far away, its interesting to see how the government is attempting to deal with the aging population and the stress that this group of people will be putting on the nation in terms of pension and health care. One thing that made things worse for retiring Australian is that with the many incentive to contribution into superannuation over the past few years (which many did) and the recent global financial crisis (GFC) this has caused a major lost in wealth for the people who need it most.
Superannuation for most people are invested in the Stock Market, so it's not a surprise that the Australian stock market rallied when there was many incentive for the retiring population to put their money in their superannuation. It's quite possible that this government policy might have added some fuel to the fire that was power the Australian stock market before the GFC...
Which leads me in to talk a little bit about the First Home Owner Grant and the property market... Property is different to Stock in many ways, I will only name a few:
- Stocks are revalued every second (hence their liquidity and volatility)
- Stocks are driven by the underlying businesses and hence the underlying economy
- Properties are driven by Bank's Lending Policies and affordibility based on household income and serviceability
The million dollar question is, Has the First Home Owner Grant causing a property bubble?
Obviously, having the first home owner grant is causing demand for houses, mostly in the lower end where its affordable for first home owners. Will the bubble burst when the FHOG is removed? Hopefully you can answer that question yourself by looking at the graph below... The question you want to ask yourself is how much do you think it will fall? and know that first home owners are targeting the bottom half of the market and will always target that market even when the grant is removed where do you think the price stability point will be?
Source: Parliament of Australia
Another important factor is to watch out for is the Interest Rate Trap, with interest rates being so low and if buyers over extend themselves in these type of conditions and consequences and financial stress that will occur when interest rates begin to rise again will be devastating. So make sure you can safely afford a 1-2% interest rate rise with your current cashflow, either from having a buffer or fixing your interest rates... otherwise you will be in for a shock.
Until the next issue,
Yong-Long
PS. We've also been adding lots of new and amazing content which you can get access to for just $1, so don't miss out and Sign Up to become a member today! - Please Sign Me Up for $1
Today's success tip comes from Chris Rewell.
Chris Rewell is Australia's leading image professional with 24 years experience in the business of image. She has over 20,000 corporate, community and individual clients and has featured in the media numerous times.
What are your top eight image tips for women?
- Wear your 'best colours'. You'll look healthier and younger and feel fabulous rather than looking tired and old. The compliments you will receive will pep you up, especially if you are having one of those 'tired and old' days.
- Wear clothing lines congruent with your bodyline. Your clothing will look like a natural extension of you rather than something a friend passed on.
- Buy the best quality clothing you can afford in neutral tones that suit you. Then acquire appropriate fashion colours to update your wardrobe seasonally.
- Buy 'quality' costume jewellery (if you are not able to purchase the real thing) and quality accessories seasonally to update your outfits.
- Keep seasonal stories consistent. Cords and tweeds don't generally mix with dressy fabrics such as satin and silk. However, if you choose to follow mixed stories, think the outfit through, from your hairstyle to your shoes, so that you pull it together to achieve the real thing and not a terrible faux pas.
- Grooming is essential. Hair, hands, skin and make-up all need to be appropriately considered.
- Your body is the basis of your physical presence. Take care of it, respect it and dress it as if you love it, especially when you are 'between weights' and biding time for your 'real weight' to arrive.
- Get to know your body and love it. You have to live in it for a long time.
What are your top eight image tips for men?
- Wear your 'best colours'. You'll look healthy and strong rather than burnt out and over-worked.
- Wear clothing lines congruent with your bodyline. Your clothing should look like a natural extension of you. Clothing appropriate to your bodyline will compliment your presence rather than being a distraction or sabotaging your appearance.
- Buy the best 'quality' clothing you can afford in neutral tones that suit you. Seasonally acquire shirts, ties and accessories to update your wardrobe.
- Know your body. Are you long in the torso and short in the legs, or vice versa, or is your body balanced? Are you high waisted? Are your arms short and your neck long? Are your shoulders tapered or square? In order to buy the right shirts, jackets or suits you need to know your body.
- Buy 'quality' clothing. Quality is an investment in the future and the result of intelligent effort. Find a quality menswear store and create a relationship with the staff. Quality stores generally have experienced and well-trained people to assist you.
- The objective is to project an image of substance and presence without others realising the impact that your clothes are contributing. The man should be seen, not the clothing.
- Immaculate grooming is essential and should be complemented with a strong, straight posture.
- Have a plan - build a wardrobe, not a collection of individual outfits.
This website contains even more great tips from Chris Rewell.
CLICK HERE TO READ MORE NOW
Your Success Club Blog
On top of the Wink and Grow Rich blog series (Roger Hamilton), I've recently started to blog about the 12 Costly Marketing Mistakes (Keith Banfield) as well as an insightful webcast I stumbled across by Ramit Sethi and Tim Ferriss.
Keep a close eye on Your Success Club's Blog over the coming weeks to learn more.
"Your Success Club now has 585 items to download for you to watch, listen and read!
Knowledge = Wealth, and Your Success Club strives to help you breakthrough to your success!"
If you are a member of the Secrets Exposed Club, you can click on the link below and you will be taken straight to all of the new eBoooks, Audios and Videos which have been loaded up onto the website within the last month:
www.YourSuccessClub.com/latest-uploads
If you are not yet a member of the Secrets Exposed Club, don't miss out any longer. So join the Secrets Exposed Club today for the special introductory price of just $1.00. Click below and take action now.
www.YourSuccessClub.com/testdrive
Top 3 Content Highlights
6 Common Mistakes Business Owners Make
In this audio interview with Lorraine Pirihi you will discover:
- 6 common mistakes business owners are making
- How To Achieve More Out Of Your Time
- Where You Are not being Productive in Your Business
- The Questions You Should Be Asking Yourself
- How To set up Systems in your Business
- How to Stick To Your Plan
- What You Need to do and Has nothing to do with your Business
Cash Cows
In this audio book summary by Hans Jakobi you will discover:
- The different types of income you can make and their benefits
- How to create extra sources of income that pours money into your life forever
- The power of networks and networking to you and your business opportunities
- How important an attitude of persistence is to your success
- The greatest success secret
- Why due diligence is so important to conquer obstacles of fear and smokescreen
- The four characteristics of wealthy people
Developing Top Bananas
In this audio presentation by Phillip Van Hooser you will discover:
- Why so many new qualified employees become overwhelmed when big decisions need to be made
- Many managers fail to realise the significance of initial positive orientation opportunities
- Early lessons serve as the foundation on which future performance and psychological successes will be built
- How wise teachers and leaders use imagination and creativity
- The impact of the first 6 months on a new employee’s attitudes, work skills and habits
- Three keys to making a more positive work environment for your employees
- Why soft skills like social and communication skills greatly affect your business and work environment
Latest Uploads
Blink
Malcolm Gladwell is an author and expert on relating epidemics to social behaviours, which led him to write his best selling book 'The Tipping Point'. Drawing on cutting-edge neuroscience and psychology, this book summary 'Blink', shows you the difference between good decision making and bad. Author Malcolm Gladwell explains that it has nothing to do with how much information you can quickly take in, but on just a few particular details on which you focus.
Your Imagination Becomes Your Reality
We know that any state of mind doesn’t last forever, so international businesswoman and leader Yvonne Godfrey, speaking to a group of small business owners, uses this as inspiration for us all, with everyday an opportunity to let things go, shift your thinking and change your imagination so it becomes a different reality. Yvonne continues the theme of the conference, speaking about expanding your thinking from fear to confidence, from confusion to clarity and help mobilise yourself into action to achieve new goals.
The Five Faces Of Genius
How do people get their ideas? We tend to believe that genius belongs to the chosen few. However, the truth is, these people use creative skills anyone can master. This book summary deciphers the secrets of innovation. Learn how the masters do it. By understanding and following the paths that highly inventive people have taken, you can unlock your creative powers!
The Truth Behind Phone and Internet Selling
Perry Marshall is considered the authority in internet marketing based on his approach of treating sales prospects as a human beings. During this tele-seminar Perry Marshall and Ari Galper (creator of ChatWise) reveal the truth behind phone and internet selling. They share insights into their unique selling philosophy, useful strategies of what to say in certain selling scenarios, and even elements of their website that make it much more successful than other’s in their field.
World Class Manufacturing
In this book summary, author Richard J. Schonberger, world renowned scholar, theoretician and guru of production and manufacturing, explains how you can transform your business. You will gain key distinctions in the areas of factory layouts to why mass production is not dead. By examining Schonberger's 16 key customer focussed principles, you will be able to create true excellence in your own area of business, department or company.
