I saw this on news.com.au today:
1. Reduce spending by eliminating monthly expense programs and unnecessary luxuries and living frugally.
2. Increase your income by improving job skills or changing jobs or consider working overtime or starting a new business.
3. Invest wisely by learning what is necessary. You can implement a conventional asset allocation of stocks and bonds using low-cost passive index funds or you can purchase positive cash flow real estate in your local area using fully amortising, fixed rate mortgages. Either strategy is proven and accessible.
1. Reduce spending by eliminating monthly expense programs and unnecessary luxuries and living frugally.
2. Increase your income by improving job skills or changing jobs or consider working overtime or starting a new business.
3. Invest wisely by learning what is necessary. You can implement a conventional asset allocation of stocks and bonds using low-cost passive index funds or you can purchase positive cash flow real estate in your local area using fully amortising, fixed rate mortgages. Either strategy is proven and accessible.
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