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How Do People Get Rich?

By David Trahair Thomas J. Stanley and William D. Danko explain how rich people get rich in The Millionaire Next Door. Most people dream of becoming millionaires. They want to live the life of luxury — vacationing on the French Riviera, driving a Lamborghini, wearing the latest Italian designer suits and drinking 50-year-old Chivas Regal.… Read More How Do People Get Rich?

(c) Chartered Accountants Australia and New Zealand. Contact Chartered Accountants Australia and New Zealand for permission to reproduce this article.

Investment Decisions — Your Brain, Your Money

BY AARON WATSON Investment decisions are all about greed, testosterone and winning. PEOPLE ARE RATIONAL ECONOMIC ACTORS, RIGHT? “Nope,” says Elise Payzan-LeNestour, the informal flavour of the English word sounding strange in her strong French accent, and contrasting sharply with the academic tenor of her explanation. “Let me explain. By default, we should not expect… Read More Investment Decisions — Your Brain, Your Money