The Biggest Financial Mistakes Australians Make (and How to Avoid Them)

Avoid the financial mistakes that can cost you thousands of dollars and impact your long-term financial future.

In this course, Rob Goudie draws on nearly 28 years of experience as a financial adviser to explore the most common financial mistakes Australians make and, more importantly, how to avoid them. From overspending and taking on unnecessary debt to overlooking the power of compounding returns and making emotional investment decisions, you'll learn how everyday financial habits can shape your long-term wealth.

This course focuses on building better money habits, making informed financial decisions, planning ahead for retirement and finding the right balance between saving and enjoying life. The goal is to help you make your money work for you, build financial confidence and avoid mistakes that could hold you back.

What you'll learn

• The importance of living within your means and avoiding overspending.
• Why taking on debt for depreciating assets, particularly cars, can affect your financial future.
• How to avoid overstretching yourself when purchasing a home.
• The risks of treating your home equity, redraw or offset account like a credit card.
• Why managing cash flow and having a clear budget matter, regardless of your income.
• The power of compound returns and why starting to invest early makes a difference.
• Why constantly checking your investment portfolio can create unnecessary stress.
• The risks of taking on significant investment property debt later in life.
• Understanding superannuation as a tax structure and making better use of available tax advantages.
• How small, consistent financial habits can lead to significant long-term results.
• Why planning for retirement early can make a meaningful difference.
• Knowing when to transition from saving to spending in retirement and enjoying the money you've built.
• How fear, greed and emotional decision-making can influence investment outcomes.
• The value of seeking professional financial advice early and making informed decisions.