ABSTRACT
The world of work is continually changing and adapting, new needs are being found and new products and services are, and will continue to be, developed to meet those needs. A study found that people who had a long-term financial plan experienced greater financial well-being. Borrowing on credit card, store card or payday loans to finance consumption is to be avoided at all costs. This type of borrowing will be a continual drain on cashflow and will hold back one's ability to accumulate assets that generate cashflow. Developing an overall financial plan, maximising human capital and learning to control spending are essential foundations to being good with money and living a flourishing life. The media focuses on what personal finance professionals call ‘noise’ or ‘financial pornography’ in the form of negative stories or sensationalist ‘gets rich quick’ ideas because they are newsworthy.
