Business news - Commerse, Financial industry and Money

Luck is a state of mind and you can make your own

IT’S fun to dream about winning lotto or backing the winner of the Melbourne Cup.

But dreaming and wishing for good fortune are not going to pay the mortgage or set you up in retirement.

The reality is that most millionaires are self-made. They start out with little and make their own luck and, like most things that are worthwhile, it takes a bit of work.

Just ask Julie Stevanja who founded activewear website Stylerunner in a small office with scant resources and has grown it tenfold in just under four years. The CEO now operates her growing business out of a warehouse shipping shoes and clothing to customers worldwide.

I do a bit of public speaking and someone said I use the word luck a lot, she says.

But they didnt see it as luck, rather that I have created opportunities and made the most of them and I have absolutely seen opportunities and jumped on them.

I think because Ive taken those initiatives I equate that with luck going my way.

People who are seen as lucky are open to new experiences whereas unlucky people are stuck in routines, according to psychologists.

Lucky people always want something new. Theyre prepared to take risks and are relaxed enough to see the opportunities in the first place.

They use their passion and goals to drive them.

Often timing is a big factor when people talk about luck, says Lisa Montgomery, mortgage and finance specialist.

A person who sells their house at the right time and is able to buy elsewhere for a good price will often say how lucky they are.

But I think it comes with research and knowledge. Normally the planets align when you have done your research, you know the market and then take the opportunity.

Conversely, if an opportunity seems too good to be true, rather than being unlucky by falling for a scam, look into it carefully.

If you do the checks and balances youre not going to be done by fraud. Its about being aware

and putting in the effort and the work, Montgomery says.

At the same time setting goals will help you save money.

Id probably say Ive always loved to shop so being lean was a skill I quickly had to learn, says Stevanja. When you have finite resources you want to make sure wherever you spend your money will have the greatest result.

Nab computer glitch leaves customers unable to pay bills

NATIONAL Australia Bank customers are furious after the bank experienced yet another computer meltdown.

Eftpos transactions and ATM withdrawals have been frozen after yet another computer glitch took hold this morning, leaving dozens of people unable to pay for fuel, groceries and bills.

One Twitter user reported being stuck at a petrol station for more than 90 minutes after his card was declined at about 10am.

NAB have been stuck at a petrol station since 10am with no other way to pay.

The bank responded apologetically, tweeting in reply: Were experiencing problems with some of our systems were working to fix it ASAP & well keep you posted.

By 1pm, services were starting to come back online, NAB posted on Facebook. But the tweets from disaffected customers kept pouring in as the banks call centres went into meltdown.

While a trader responded gratefully that their Eftpos machine was back online, many customers remained unimpressed by what was the second outage in a week.

And it appeared that at least one overseas customer was at risk of being stranded with no funds to pay for his transfer to catch an international flight home.

My son is currently overseas and is not able to withdraw money, Maree Trotter wrote. This is a major concern as he is travelling by himself with no access to his money.

Others blasted the bank for the lack of warning.

As a customer I expect an SMS or Email from you explaining when your services are down and you have technical issues so I know my card isnt going to work, Jiordy Hollingsworth wrote.

It is just ridiculous we get no sort of warning unless we are on social media and happen upon your posts.

Fellow customer Ari Frankel agreed, slamming NABs pathetic customer service and arguing that it would take so little time to give notice of outages.

NAB have an app on my phone, my phone number, my email ... Do you know how embarrassing it is to not be able to pay for lunch at a restaurant?

Customers were left without access to funds over the weekend after a separate computer glitch last Tuesday caused transaction delays.