Bitcoins – Are They a Good Investment?

bitcoinBitcoins are a virtual currency that was developed in 2009. Users would set up their computers to solve complex mathematical algorithms to ‘mine’ Bitcoins. In the early days since its launch 7 years ago it was much easier to mine the coins and one early adopter managed to gain 7,500 Bitcoins in a single week.

At their peak value 7,500 Bitcoins would be worth approximately $8 million AUD, however when spring cleaning his house, this poor soul threw out his hard disk containing the bitcoins along with the key to use them. So there is a garbage tip in the UK that could make someone a millionaire if they find it one day, if it’s not completely destroyed.

This highlights one of the flaws of Bitcoins. It is possible to have some type of hardware failure, where you can lose all your coins if you don’t have sufficient backups. Read More…

The Rich Get Richer – Property Investment in 2016

2015121-5The richest 1% of the world now own more than 50% of the world’s household wealth. Inequality is ever widening, and asset management is key to building your wealth so that you don’t end up on the outside looking in. You may never reach the lofty levels of the ultra-rich, but clever money management may mean the difference between baked beans on toast, or going on cruises in your twilight years. Read More…

5 Tips to increase wealth in Australia in 2016

2016 is almost upon us, and at this time of year we take stock of our lives, assessing what is going well, and what we can do better in the year ahead. We make new year’s resolutions to improve things for ourselves, as well as those around us. The most common new year’s resolutions? Get in better shape physically, and get in better shape financially.

So with that in mind let’s look at 5 sure-fire ways to build your wealth in the year ahead. Read More…