australian-moneyYesterday, I wrote a post on The Importance of Enjoying Life Right Now, and ended up doing some interesting research on the lifestyle of Australia. While the post helps you forget about financial woes, I ended up learning a lot about the country overall.

Today, I thought it would be a great idea to do a follow up post about making money in Australia. Just in case you read yesterday’s post and thought it might be a good idea to move there, this post will help shed some light on the financials of doing so.

While the lifestyle is more relaxed, and people generally love sports and enjoyment, the financials will have you packing your bags, or perhaps not…

High Minimum Wage

In the United States, the minimum wage is $7.25. In Australia, it is $16.88!  So, you’ll be earning a lot more for what you do? Yes and no. While your dollar does go further in Australia, you’re opportunity seems to be just slightly limited in a broader scale.

Comparing Macroeconomics

If you’re working at the minimum wage, you’ll probably want to pack up your bags and move over to Australia. However, at a national level, the US wins almost everywhere else. The US GDP is $15.6 Trillion. While in Australia, the GDP is merely $1.5 Trillion.

Okay, well the US has a larger population. So, no big deal, right? Actually, the US is also has a higher earnings per capita.

Now, let’s bring it back to what really matters to you. If you’re working in Australia and you want to buy a home, can you do it? How long will it take you to pay off a home? And what will your lifestyle be like?

Buying Homes In Australia

Warning: house flippers may not want to read this. There is recent speculation that the housing market in Australia is entering a bubble. With fast increasing home prices, it is a sellers market. If you’re planning on working at the minimum wage in Australia, you might find that you’re having a hard time saving the money you need to pay for a down payment. Furthermore, you may have a difficult time securing a long. And once you do get a loan, you’ll need an advanced home repayment calculator to see how long it will take you to pay it off. The problem is, with prices escalating, you might find that it takes you many years with higher interest rates to pay off your home.

So, while Australia does have a higher life expectancy, at least for now. The current market conditions might be suggesting a lifestyle somewhere warm in the United States. With a lower priced housing market, now might be the time to sell in Australia and buy in the US.

Yes, you’ll get paid more hourly in Australia. But, it really depends on what you do. Do you plan to work on the minimum wage you whole life? Or, are you interested in taking advantage of business opportunities to take control of your own financial situation? If you’re reading this blog, I would think you fall with the latter like myself. I’ll be staying in the United States, but won’t be earning a minimum wage. Will you?

The Importance of Enjoying Life Right Now

by Admin on April 2, 2014

Most of the time, I spend time concerning myself about one thing: money. Partially, that’s why I started to this website, to give other like myself, a leg up on managing personal finances. I figured, I just might help someone else being concerned about money and finally start living!


There is a point where you need to stop concerning yourself with the past and the future. You need to just live for right now. But, it’s easier said than done right?

Well, since I live in the United States, where everything is geared around capitalism and making money, I thought it would be a good idea to take inspiration from a country that generally knows how to enjoy life, like Australia. The lifestyle is…


Originally, inhabited by Aboriginal and Torres Strait Islanders, the Australian population is now made up of migrants from over 200 countries. The influx of migrants make the overall population open to differences and change. After all, those who migrated, where most likely seeking a better life for themselves and their families. Clearly, they wanted to earn more money, escape unpleasant conditions or make for a new start. Regardless, the were ready to live in the present and make a bold decision to move. No doubt, the country has a history of taking action and living for the present.


Because there is so much diversity, it’s hard to say what is the “Australian Cuisine.” However, it is much easier to describe it as delicious. If you’re to enjoy your life right now, one way is to start eating well. In Australia, they have all types of cuisines for a healthy lifestyle. And from Asian/Indian to European, there are many blends now available. Some people call it “fusion” restaurants. But, if you think about it, all foods have influences from somewhere else. The exchange of food innovation, combined with easy access to fresh produce, makes Australia’s dining an experience for life.


In Australia, the informal lifestyle makes it easier to enjoy your life in the here and now. Maybe it’s the types of clothing people wear. Generally, people dress for comfort. Or, perhaps, its the warm climate that lends to the more relaxed lifestyle. If you were to compare life insurance quotes in Australia, you would find the rates to be very interesting. This is probably because people are more relaxed overall. And as we know, a more relaxed lifestyle leads to enjoyment and higher life expectancy. Plus, when you’re enjoying your life, you’ll want to live as long as you can.

So want to stop worrying about money? Maybe, you’ll want to consider living your life by enjoying right now. Using a little inspiration from Australia, we can all embrace the culture around us, try some new dishes and take some time to relax. In the end, we’ll have a much better lifestyle and improved longevity.

7 Lucrative Investment Opportunities You Must Consider During 2014

April 1, 2014

If you’ve just come into a significant inheritance or received a massive payout for whatever reason, you’ll want to use this money in the most sensible way possible. You could book round the world trips and buy yourself a big house in the countryside, or you could invest the cash and try to create a […]

Read the full article →

Declined For Life Insurance? | 3 Steps Of Action To Take Now

March 27, 2014

Being declined for life insurance can bring on a range of feelings, from angry to confused, and from doomed to angry again. You’re willing to pay for life insurance and they say “no”! And, of course, those feelings are compounded like accrued interest when you really cannot fathom the reason(s) you were given for your […]

Read the full article →

Cover Your Assets With Wealth Management Support

March 18, 2014

When you accumulate a lot of assets it is wise to implement some sort of management system to account for all of them. Why do you think wealthy people hire accountants and attorneys to manage their assets? It is because they have so much wealth and assets to their name that they can’t keep track […]

Read the full article →

Best High Yield Savings Account

February 27, 2014

The interest rates on savings accounts in America right now are not that great. Before the economic recession hit, high yield savings account holders were seeing some of the highest paying interest rates ever. Then when the economic bubble burst, the interest rates fell to all time lows. Even to this day they have not […]

Read the full article →

How to Land a High Paying Job in Public Administration

December 5, 2013

Public administrators are essential to the fabric of society. When you build a career in public administration, you’re strengthening our communities and helping them grow. But just as it is in many fields, competition in the public administration and public policy fields is stiff. So, what does it take to stand out from the crowd […]

Read the full article →

5 Essential Steps Small Businesses Must Take to Prepare for Disaster

December 5, 2013

Hurricanes. Tornadoes. Earthquakes. You can pray your city never sees a natural disaster up close, but just look at the news. Natural disasters strike homes and businesses far too often, eradicating communities overnight. Disasters don’t even have to be city-wide to affect your business; a fire, a pipe leak or break-in can bring even thriving […]

Read the full article →

5 Reasons Why Credit Unions Are Better Choices Than Banks

December 5, 2013

There’s no denying that national or even international banking institutions provide many services that their members are seeking. For example, an established bank may have branches all over the place, making it easy for their customers to access funds, without penalty, even when they travel for work or they’re on vacation. And of course, they […]

Read the full article →

5 Car Maintenance Tips That Will Save You Money Down the Road

December 5, 2013

One of the biggest investments that any of us will ever make is when it comes to our vehicles. And it’s for that reason alone that we should do all that we can to make sure that they remain in optimal running condition. Yet sometimes, our busy schedules prevent us from giving our cars the […]

Read the full article →