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By Matt Hern on May 7, 2009
I wonder…if together we all declared “I’ve had enough! The downturn is over. From now the economy and markets are growing;” could we create a self-fulfilling prophecy?
Yes? You think we could?
Great, then join me now in making the declaration and spread the word to your friends, family and everyone you know. Blog it, tweet it [...]
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Posted in More Tips | Tagged Global financial crisis, wealth mindset
By Matt Hern on November 19, 2008
If you allow the nightly news to permeate your conscience your Money Mindset will be having a tough time right now. It is important to take a step back to observe what is happening and look for alternate perspectives and opportunities. “Be greedy when others are fearful…” says Warren Buffet (and has done for decades.)
Michael Pascoe [...]
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| Tagged Global financial crisis, wealth mindset
By Matt Hern on June 25, 2008
According to the latest World Wealth Report by Merrill Lynch and Capgemini, there are approximately 172,000 Australians who are millionaires. (The definition of millionaire is in US dollar terms and excludes your own home and other lifestyle assets.)
This is a very low figure given that most people, if asked, would say that they want to [...]
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| Tagged statistics, wealth mindset
By Matt Hern on April 21, 2008
“The revelation that hormones may play a big part in market behaviour explains a lot of things.” So begins an interesting article by John Beveridge published last week in the Herald Sun in Melbourne. The following cartoon, which accompanied the article caught my attention and made me laugh:
Read the full article here.
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| Tagged behavioural finance, wealth mindset
By Matt Hern on March 20, 2008
In his latest article, Robin Bowerman of Vanguard Investments Australia suggests: “There is one clear lesson investors can learn from the recent sharemarket turmoil – the smart way to invest is to keep things simple.”
It is an excellent article that discusses behavioural finance and draws on research from Steve Utkus, the head of Vanguard’s US [...]
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| Tagged investment, video, wealth mindset
By Matt Hern on January 2, 2008
MOST Australian smokers are in denial about their habit.
A survey by the Cancer Council Victoria reveals that 60 per cent of smokers cling to “self-exempting beliefs” that smoking-related diseases such as heart and lung cancer are caused by air pollution or genetics.
Tamara Davis, The Weekend Australian, December 29, 2007
Self-exempting beliefs don’t just apply to smokers [...]
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Posted in Behaviour | Tagged wealth mindset
By Matt Hern on December 5, 2007
Last Saturday a terrific book was released here in Australia, it’s called “R for Richlife” by Julie Davey. Julie describes it as “a book for kids about how to manage money and how to manage without it.”
It may be written with children in mind but both my wife and I agree that adults can eaily learn from [...]
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| Tagged book reviews, wealth mindset
By Matt Hern on November 9, 2007
Less than five percent of Australians are millionaires, yet it seem that most of us want to be. What makes you think that you’ll be one of the minority? What makes you different to 95% of Australians?
In a client meeting this morning something was said that reminded me how our nature is to measure ourselves [...]
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| Tagged wealth mindset
By Matt Hern on October 5, 2007
Imagine for a minute that you’re on a ship sailing the seas; perhaps a cruise along the Alaskan coastline. The ship hits an iceberg, starts taking on water and the Captain announces “abandon ship – everyone to the life boats”. Traditionally, who are the first to be saved?
The women and children.
But why the children? They [...]
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| Tagged investment, success formulas, wealth mindset
By Matt Hern on September 27, 2007
I have written before about the importance of our money mindset in creating wealth. From our mindset comes our beliefs, thoughts and feelings which drive our behaviours.
Gareth Abley, Senior Asset Consultant at MLC Implemented Consulting has written this interesting article which includes an examination of the links between our eating behaviours and our financial behaviours. Read [...]
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| Tagged investment, wealth mindset
By Matt Hern on September 7, 2007
Today the Australian Government’s Financial Literacy Foundation released the findings of research into the financial literacy of Australians. The results are a real eye opener. I was very surprised to read that most Australians are confident in their ability to manage their money and create wealth. I was not surprised to read that for most [...]
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| Tagged cashflow control, wealth mindset
By Matt Hern on September 6, 2007
One money mindset that I come across is the belief that “I’m not smart enough to do that”. It is a major limiting belief that has wide ranging negative consequences for wealth creation.
If you relate to that belief then here’s some good news for you. Research on over 7,000 Americans has demonstrated that there is [...]
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| Tagged investment, wealth mindset
By Matt Hern on August 23, 2007
Have you ever wondered why some people seem to have most of the wealth and continue to acquire more, but you don’t appear to be getting ahead so quickly? If so, it could be your money mindset.
In this interview on the TV show Wake Up! WA I reveal how your beliefs, values and thoughts about money [...]
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Posted in More Tips | Tagged media mentions, video, wealth mindset
By Matt Hern on August 6, 2007
One of the most common and frequent questions I am asked is:
“Matt, what is the best investment?”
In the media this question is often covered by delving into some analysis of the current state of the markets. In my opinion that is an incorrect and incomplete approach. So my jaw dropped on Saturday when I read [...]
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| Tagged investment, wealth mindset
By Matt Hern on August 2, 2007
Hi
Imagine for a minute that you’re on a ship sailing the seas; perhaps a cruise along the Alaskan coastline. The ship hits an iceberg, starts taking on water and the Captain announces “abandon ship – everyone to the life boats”. Traditionally, who are the first to be saved?
The women and children.
But why the children? They [...]
Like It? Then please share it:
| Tagged wealth mindset
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