Many roads to wealth
Do not wait; the time will never be ‘just right’. Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.
There are many ways we can build wealth. In my opinion, however, we Australians go about it completely the wrong way around. We looked at this idea in Chapter 2 and I want to go through it again because I think it’s important.
If we think about it, with such pressure to become homeowners, many young people are buying their first property before they have even acquired the skill to save cash in the bank. Scraping together the bare minimum deposit, or nothing at all, and applying for a 90 to 100 per cent home loan, incurring ...