True North Lifestyle

Success doesn't just happen. It comes to those who dare to attempt, who step out of their comfort zones, and who take risks. If you want to achieve your dreams, you have to be willing to try, to fail, and to try again. 💪

More than 2.6m Aussie workers will receive at least an additional $33.10 a week from July 1, the workplace umpire has ruled.

The order, handed down by the Fair Work Commission on Monday, will increase award and minimum wages by 3.75 per cent, with the national minimum wage set to increase by 87c to $24.10 per hour, or $915.91 a week.

Commission president Justice Adam Hatcher said the Commission bench had chosen not to deliver an increase that significantly outstripped inflation – measured at 3.6 per cent in the year to March — when productivity was weak and additional cost of living relief was in the pipeline.

“It is not appropriate at this time to increase award wages by any amount significantly above the inflation rate,” Justice Hatcher said.
“This is principally because labour productivity is no higher than it was four years ago and productivity growth has only recently returned to positive territory.”

Read the full article here: https://www.news.com.au/finance/work/at-work/26-million-minimum-and-award-wage-earners-set-for-july-1-pay-boost/news-story/b015df20d0b29e9537a7b520a4f33202

In life, our dreams are the fuel that keeps us moving forward. They're the spark of inspiration that ignites our passion and drives us toward our goals. And though the road may be long and filled with obstacles, every step we take brings us closer to realizing our dreams.

So, no matter what challenges come your way, never stop chasing your dreams. Embrace the journey with courage and determination, knowing that every setback is just a stepping stone to success.

Improving financial health involves several key steps:

1. Create a Budget: Start by tracking your income and expenses. Make a budget that allocates money for essentials, savings, and debt repayment.
2. Reduce Expenses: Look for areas where you can cut back on spending, such as dining out less, canceling unused subscriptions, or negotiating lower bills.
3. Build an Emergency Fund: Save up enough money to cover at least three to six months of living expenses. This fund acts as a safety net during unexpected financial hardships.
4. Pay Off Debt: Focus on paying off high-interest debt first while making at least minimum payments on other debts. Consider using strategies like the debt snowball or debt avalanche method.
5. Save and Invest: Start saving for retirement and other long-term goals like buying a home or funding education. Invest wisely to grow your wealth over time.
6. Protect Your Assets: Ensure you have adequate insurance coverage for health, life, disability, and property to safeguard against unforeseen events.
7. Educate Yourself: Continuously learn about personal finance topics like investing, budgeting, and managing credit to make informed decisions.

By following these steps and staying disciplined, you can improve your financial health and work towards a more secure future.

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This statement encapsulates a profound truth about the journey to success. Greatness often emerges from the willingness to take risks, push boundaries, and embrace failure as a necessary part of growth.

Failure is not a setback but rather a stepping stone towards excellence. It's through setbacks and challenges that we learn valuable lessons, develop resilience, and refine our skills. Each failure brings with it the opportunity to reassess, adapt, and try again with renewed determination.

Debt can be a heavy burden, but with a few mindful steps, you can steer clear of financial pitfalls. Here are four ways to avoid debt:

1. Live Within Your Means: Make it a rule to never spend more than you earn. Stick to a budget that aligns with your income and financial goals. By prioritizing needs over wants and staying disciplined with your spending, you can prevent overspending and accumulating debt.
2. Avoid Keeping Up with the Joneses: Resist the temptation to impress others with material possessions. Remember, true friends and loved ones value you for who you are, not what you own. Focus on building meaningful relationships and experiences rather than trying to keep up with societal expectations.
3. Shop Smart: Before making significant purchases, do your research and compare prices. Look for deals, discounts, and alternative options that offer good value for your money. Being an informed shopper can help you make wise financial decisions and avoid unnecessary debt.
4. Pay More Than the Minimum: If you have credit card debt, strive to pay more than the minimum amount due each month. By paying off your balance faster, you'll avoid accruing excessive interest charges and chip away at your debt more effectively.

By implementing these strategies and practicing financial mindfulness, you can maintain control of your finances and avoid falling into debt traps.

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It's a reminder to trust in your abilities and keep pushing forward, even in the face of challenges.

This mindset fuels your journey towards success.

Mastering your money is a journey worth embarking on. Here's a quick guide to help you take control of your finances:

1. Organize Your Finances: Start by understanding where your money is coming from and where it's going. Keep track of your income, expenses, debts, and investments.
2. Invest Your Money: Put your money to work for you by investing wisely. Whether it's stocks, bonds, real estate, or retirement accounts, find opportunities that align with your financial goals and risk tolerance.
3. Make a Budget: Creating a budget is essential for managing your expenses and saving for the future. Identify your needs, prioritize your spending, and allocate a portion of your income towards savings and investments.
4. Protect Your Assets: Safeguard your hard-earned money and investments by having the right insurance coverage, creating an emergency fund, and staying informed about potential risks and scams.

By following these steps and staying disciplined, you can master your money and build a solid foundation for financial security and prosperity.

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Even when today feels like an uphill battle, remember that tomorrow holds the promise of hope. Keep pushing forward, keep trying, for the future is ours to shape with our relentless determination. 🚀

Remember, success isn't an overnight sensation—it's a journey of small beginnings and bold ideas. So, take that first step, ignite that spark of inspiration, and watch as your dreams unfold.

In a world fixated on talent, this quote reminds us: success stems not just from innate abilities but relentless effort. Consider icons like Thomas Edison, J.K. Rowling, and Michael Jordan—all forged success through sheer perseverance, not just talent.

Next time you doubt yourself, recall this: success isn't a lottery of talent, but a journey fueled by dedication and purpose. It's not where you start, but the effort you invest and the intent behind your actions. Success isn't accidental—it's earned.

The US Federal Reserve held interest rates steady and signalled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy.

Indeed, Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials to gain the “greater confidence” needed for them to kick off interest rate cuts.

Read the full article here: https://www.smh.com.au/business/markets/lack-of-progress-fed-leaves-rates-on-hold-says-cuts-may-be-further-away-than-expected-20240502-p5fo8o.html

Life often throws us unexpected challenges and setbacks, but it's how we respond to them that truly matters.

Instead of letting obstacles knock us down, we have the power to turn them into opportunities for growth and resilience. Every setback is a chance to learn, adapt, and come back even stronger than before.

So, embrace the journey, face adversity head-on, and watch as the downs transform into ups on the path to success.💪

Ready to grow your wealth? Follow These 4 simple steps 🌱

1️⃣ Assess Your Risk Tolerance and Time Horizon: Understand how much risk you're comfortable with and how long you plan to invest. This guides your investment decisions.
2️⃣ Define Your Goals and Allocate Assets: Determine what you're saving for and how you'll divide your investments among different asset classes (stocks, bonds, etc.) to match your objectives.
3️⃣ Pick the Right Products or Platforms: Explore savings accounts, stocks, bonds, mutual funds, or other investment vehicles that align with your goals and risk tolerance. Choose reputable platforms or financial advisors for guidance.
4️⃣ Stay Vigilant and Adjust: Regularly review your investments' performance against your goals.

Make adjustments as needed to stay on track and adapt to changes in your circumstances or the market.

💼 Starting to save and invest doesn't have to be daunting. Take these steps, and watch your wealth grow steadily over time!

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Luck may play a role in some instances, but true success is built on a foundation of dedication, perseverance, and relentless effort.💪

It's the countless hours of work, the determination to overcome obstacles, and the unwavering commitment to one's goals that ultimately lead to success.

So, instead of relying on chance, invest in your efforts and watch as they pave the way to achievement.

Failure isn't the end—it's a crucial step on the path to success.

When we allow ourselves to fail, we grant permission to succeed.

Failure builds resilience, teaches valuable lessons, and frees us from perfectionism's grip.

It offers perspective, empathy, and gratitude.

Let's not fear failure; let's embrace it as a catalyst for growth and a gateway to greatness.

Your biggest enemy?

It's the doubt within.

Keep pushing forward, keep striving, and never give up.

You're stronger than you think! 💪

💡 Ready to Start Investing?

Here are 5 Ways to Begin:

1️⃣ Tiny Investments, Big Wins:
Turn spare change into a growing portfolio with micro-investing apps. Every penny counts!

2️⃣ ETFs Made Easy:
Dive into Exchange-Traded Funds for simplicity and diversity in your investment journey.

3️⃣ Tech Stocks for Growth:
Harness the power of innovation by focusing on high-potential tech stocks in the stock market.

4️⃣ Stress-Free Real Estate:
Explore hassle-free real estate investments through options like REITs and crowdfunding. No landlord headaches here!

5️⃣ Budget, Save, Invest:
Master the art of budgeting and saving to kickstart your financial journey. Every step counts toward building your wealth!

Ready to take control of your financial future?

Let's get started!

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In the face of challenges, remember that resilience and determination pave the path to success.

You have the strength within you to overcome any obstacle. Keep pushing forward, stay focused, and believe in your capability.

You can do it! 💪

Don't let fear hold you back—take that leap, pursue those dreams, and watch the possibilities unfold! 💪

What chances are you ready to seize? Share your one success you had in 2023 to inspire others just like you?

Stepping into 2024 with investing in mind! 💼🔍

What's on your radar for this year's investments? Share the sectors you're eyeing and the factors shaping your decisions in this ever-changing economic landscape.

Let's exchange insights and gear up for a successful financial journey in the new year!

It's easy to set financial goals, but the real challenge lies in sticking to your plan.

Take a moment to reflect: are you following through?

1️⃣ Check Your Progress: Review your financial goals regularly. Are you on track, or have you veered off course?
2️⃣ Adjust as Needed: Life happens, and plans may need tweaking. Be flexible and adapt your financial strategy as circumstances change.
3️⃣ Stay Disciplined: Consistency is key. Stick to your budget, save diligently, and invest wisely, even when temptations arise.
4️⃣ Seek Support: Don't go it alone. Surround yourself with mentors, financial advisors, or accountability partners to keep you motivated and accountable.
5️⃣ Celebrate Milestones: Acknowledge your successes along the way. Whether it's paying off debt or reaching a savings goal, every achievement deserves recognition.

Remember, your financial plan is a roadmap to your future.

Stay focused, stay committed, and watch your dreams become reality. 💼

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Embracing the struggle today, embracing the hope for tomorrow.

The future is ours to shape with every effort we put in. 💪

The Australian sharemarket has opened on a bright note on Thursday after Wall Street held firm overnight.

The S&P/ASX 200 was up nearly 0.6 percent or 42.9 points to 7,825.4 points at 11 am AEDT, boosted by gains in tech, financial, and real estate stocks.

Alumina was the strongest performer on the ASX 200, rising 6.1 percent, followed by Liontown Resources (up 5.7 percent) and Arcadium Lithium (up 5.5 percent).

At the bottom of the index is Champion Iron with a 2.9 percent slide, A2 Milk (down 1.6 percent), and Amcor (down 1.3 percent). Fortescue Metals is also dragging the bourse with a 1 percent dip.

Overnight, the S&P 500 inched up by 0.1 percent, the Dow Jones slipped by 0.1 percent and the Nasdaq composite added 0.2 percent. The Australian dollar rose. It was fetching 65.68 US cents at 11.10 am AEDT.

Read the full article here: https://amp.theage.com.au/business/markets/asx-set-to-rise-as-wall-street-steadies-20240404-p5fh8r.html

Regardless of your age or circumstances, the journey to financial security begins with investing. 💼

Don't dwell on missed opportunities; instead, start now. With patience and a long-term mindset, you can build wealth and secure your future.

Take that first step today!📈💰

When it comes to managing your finances, deciding between saving and investing can be a crucial decision. Here's a guide to help you navigate this choice effectively.

Remember, saving and investing are complementary strategies that play distinct roles in your financial journey. By understanding your goals, risk tolerance, and time horizon, you can make informed decisions to optimize your financial well-being.

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Real wealth isn't just about money. It's about the strength of your character, the depth of your relationships, and the resilience you possess.

Even if you lost every penny, what truly matters – your values, your connections, and your abilities – would remain.

That's the real measure of wealth.💡💰

Dear Millennials, navigating the world of finances can seem like a daunting task, but fear not!

With the right strategies and mindset, you can take control of your financial future.

Here are four crucial tips to help you on your journey to financial success:

1️⃣ Track Income & Expenses: Know where your money goes.
2️⃣ Practice Self-Control: Spend wisely, prioritise needs over wants.
3️⃣ Build Emergency Fund: Prepare for unexpected expenses.
4️⃣ Save & Invest: Make your money work for you.

Remember, building wealth is a marathon, not a sprint. By implementing these financial tips and staying disciplined, you'll be well on your way to achieving financial freedom and securing a prosperous future.

Here's to your financial success! 🌟

Follow us for more financial facts, tips and updates. 💸
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True success isn't found in comfort; it's born from facing challenges head-on.

Embrace each obstacle as an opportunity for growth and self-discovery. Break free from your comfort zone and chase your dreams with courage and determination. 💪

The total value of Australian residential real estate rose to $10.4 trillion at the end of February, which, according to CoreLogic is up from $10.3 trillion in the previous month and represents a new high.

In percentage terms, it means the pace of quarterly national home value growth rose to 1.3% over the three months to February, which is trending upwards from the 1.0% growth over the three months to January. National values were up 8.9% over the past 12 months, which is the highest annual increase since the second year of the pandemic when values rose 10.8%.

According to CoreLogic, Perth continues to lead capital growth performance in the greater capital city markets, with values 18.3% over the past 12 months. Interestingly, the largest growth was in cheaper housing, with values increasing in the country’s most affordable suburbs by 2.4% over the three months to February.

This is compared to a rise of .7% in mid-priced dwellings while the upper quartile recorded a milder 0.6% increase.

Read the full article here: https://www.forbes.com/advisor/au/personal-finance/property-market-update/