A home-equity loan, also known as a line of credit, lets homeowners borrow money by leveraging the equity in their homes.
For the third time in three years, the world has a new richest man.
A helicopter and yacht on which fallen childcare entrepreneur Eddy Groves defaulted mortgage repayments are likely to be sold after approval was granted by the Federal Court.
The global economic downturn was bad news for most businesses but not for the one belonging to Australian trucking billionaire Lindsay Fox.
Iron ore magnate Andrew Forrest has more than doubled his wealth to reclaim the title of the nation's richest person from gaming tycoon James Packer, according to the latest Australia Rich list published by Forbes Asia.
An Australian could have stood pat in the 10 months since Forbes Asia last ranked the country's 40 wealthiest people and still would have been one-fifth richer by our count. The Aussie dollar gained 21% against the U.S. greenback, our benchmark.
People who invest their super in industry funds are almost $80,000 better off than retail consumers
Becoming a millionaire used to mean you were on top of the world. Nowadays, it means you are climbing up the ladder.
Even as most billionaires saw their wealth increase in 2009 along with rising stock markets, some remain cautious and believe that 2010 will continue to test the global economy.
You cannot imagine how many times I've heard business builders lament: By the time I'm able to smell the roses, I'll be too old to walk through the garden!
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You mention trading stocks - are you looking to do this as a business, that is, to trade full-time?