In this tongue-in-cheek solo episode of The Australian Finance Podcast, your host Owen Rask breaks down how to build wealth in Australia — the right way. Forget get-rich-quick schemes. Owen shares his personal philosophy and five practical steps to reach your first $100k fast, then explains how to turn that into a million dollars (and beyond).
He draws inspiration from Charlie Munger, Queenie Tan, and the concept of the “cashflow quadrant” to help listeners structure their financial journey through saving, side hustles, smart property strategy, and good investing habits.
If you like this episode of The Australian Finance Podcast, subscribe for free on Apple (https://podcasts.apple.com/au/podcast/australian-finance-podcast/id1454193127), Spotify (https://open.spotify.com/show/0KEsqdQgVCL6BKomPoNVOz), YouTube (https://www.youtube.com/channel/UCvOPFdkhCBIK2Y5QbDtOZXA), or wherever you get your podcasts!
Follow us on Instagram (https://www.instagram.com/rask.invest/) and TikTok (https://www.tiktok.com/@rask.invest) for more insights.
Topics Covered
– Why “get rich quick” is a myth
– Charlie Munger: Why the first $100k is the hardest
– Queenie Tan explains compounding from $100k to $1m
– 5 ways to reach $100,000 fast
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Free financial education
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Hard work + saving
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Creative side hustles
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Having high levels of personal agency
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Focus + career specialisation
– Using the Cashflow Quadrant: PAYG → Contractor → Business Owner → Investor
– Why buying a property first can unlock faster wealth
– Debt recycling strategy: property + shares = turbocharged
– Why millionaires have 7 income streams
– How to invest reliably (not speculatively)
– Surrounding yourself with ambitious people
– Taking full responsibility for your money
Resources for this episode
📊 Rask’s free ETF Investing Course – https://education.rask.com.au
📋 Learn about Rask Financial Planning - https://bit.ly/R-plan
🔗 Explore all Rask services - https://bit.ly/R-services
📈 Start investing with Rask – https://bit.ly/R-invest
📜 Access Show Notes - https://bit.ly/R-notes
❓ Ask a question - just select the Finance Podcast - https://bit.ly/R-quest
📲 Follow us on social media:
Instagram: @rask.invest - https://www.instagram.com/rask.invest/
TikTok: @rask.invest - https://www.tiktok.com/@rask.invest
DISCLAIMER
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it.
If you’re unsure, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance.
The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG) - https://www.rask.com.au/fsg
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