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Australians unhappy with work-life balance: survey
A recent Australian University Survey shows that most Australians are becoming more and more unhappy with the balance between work and life.
The survey revealed that the number of full-time workers dissatisfied with their situation has increased within the past 3 years.
More than one-fifth of Australians spend 48 hours or more at work each week, and 60 per cent do not take regular holidays.
Three-quarters of people working long hours say they would rather work fewer hours despite the drop in pay.
This is having a huge impact on workers health, increasing risk of cardiovascular illness and depression.
Long work hours are a persistent problem, contributing to a lowering of productivity and higher absenteeism.
Some workplaces are starting to see a shift in culture allowing employees more flexibility in their work hours by utilizing something like flex-leave. But these are not very widespread, leaving many in the same position.
Live in a capital city and you compound this issue, adding commuting time to the already long work day.
So, what is the solution to this problem? If your workplace is putting an increased demand on your time and it is impacting your health, your family, your life, then something has to give.
Some choose to work less hours, but this puts added strain on the family financially.
Many people find a solution in started their own business they can run from home, choose the hours they work, and determine their own worth by creating the income they truly desire.
Article from August 2010
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Our new breed of millionaires - entrepreneurs defy financial crisis
A RECORD number of everyday Australians have joined the millionaires club with a new crowd of entrepreneurs emerging from the Global Financial Crisis.
There are now more millionaires in Australia than before the crisis, with many newcomers taking the plunge on a business idea mid-GFC and striking gold.
While Europe and the US still struggle, Australia's economy has evolved into a rolled-gold millionaires factory, churning out 15 new millionaires a day during the past two years. More than 180,000 Australians can now count seven digits in their personal fortunes, a 7 per cent increase on the 168,700 recorded millionaires at the start of the GFC in the summer of 2008, according to Capgemini and Merrill Lynch wealth figures.
At the height of the GFC, more than 40,000 Australians officially lost their vaunted status of millionaire, downgraded to mere hundred-thousand-aires as sharemarkets were hacked down. Now they are back - with friends.
But where the sharemarket was the great wealth creator during the resource boom from 2002-2006, property and entrepreneurship has become the chief avenue to riches since the onset of the GFC.
Capital city property prices rose upwards of 20 per cent in the 12 months to April 2009, elevating many Australians to millionaire status on their bricks and mortar alone.
But according to self-made millionaire and Australian Businesswomen's Network director Suzi Dafnis, business and entrepreneurship has risen to the fore in recent years.
"Even in a downward cycle, there are always people making money," Ms Dafnis said.
One of those serial entrepreneurs is publishing and marketing executive Lisa Messenger, whose business and property portfolio recently gave her millionaire status.
"When I was growing up, the word millionaire seemed synonymous with having made it," Ms Messenger said. "However, 20 years on, take the rise of entrepreneurship, a global economy, throw in a dose of tenacity, calculated risk and a whole lot of fun, and becoming a millionaire is a playground now open to anyone."
Article from Daily Telegraph 7th Nov 2010
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