Posts

Credit cards: friend or foe?

By Lacey Filipich BEng(Hons) MAICD Cert Gov (NFP)

Ah, those little pieces of plastic. I dimly remember a time in my childhood when there was a paper system for credit cards that involved taking an imprint with what looked and sounded like a machine designed to take off the fingers of unsuspecting shop assistants. Now you just wave them nonchalantly and walk out the door. In fact, you don’t even have to bother taking them out of your wallet – you can just use the virtual wallet on your phone if you so choose.

So easy. So tempting. So dangerous.

Now don’t get me wrong. The credit card is not, in itself, dangerous. It won’t leap out of your wallet and bite you. It cannot bankrupt you without your instruction.

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Six ways Monopoly is NOT like real life

By Lacey Filipich, BEng(Hons), MAICD

In last week’s post, I expounded on my theories about how Monopoly (the board game) is like real life property investing. In the interest of balance, I’m following up with this post about the ways in which Monopoly is NOT like real life property investing.

It’s hardly surprising that a board game does not fully capture the intricacies and nuances of something as complex as property investment. I know you’re not silly enough to think you’ll get $200 every time you go around the block, and your kids probably aren’t that silly either… at least I hope not. However, it’s best not to fall into the trap of thinking Monopoly can teach you everything you need to know about property investing. Here are six ways in which Monopoly misses the mark…

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